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Europe’s good and bad cops flew to Beijing. French president Emmanuel Macron and European Commission chief Ursula von der Leyen will meet Chinese president Xi Jinping today, where Macron’s softer tone is likely to contrast with van der Leyen’s outspoken support of the US.
Foxconn’s founder threw his hat into Taiwan’s presidential race. It’s billionaire Terry Gou’s second attempt to win the post since stepping down as chairman of the iPhone maker in 2019.
Private jets could be banned at Amsterdam’s Schiphol airport by 2025. The proposal is one of several aimed at reducing carbon emissions and noise pollution at one of Europe’s busiest aviation hubs.
Markets are still betting big against a shaky banking sector. Canada’s TD Bank Group is the target of major short seller interest, with at least $4.2 billion of its stock borrowed by hedge funds betting its share price will fall.
Where China’s rare earth grip is loosening
As Western nations and their allies try to rely less on China for purified rare earths that go into everything from EV batteries to iPhones, there’s a lot of trade realignment, aka friendshoring, going on (which we’re obsessed with).
One example is the ever-growing rare earth supply chain between Australia and Japan, which is weakening China’s grip over the island nation.
Still, China continues to enjoy significant advantages given the breadth of its industry, as Quartz reporter Mary Hui explains in the final story in a three-part series covering the nuances of this dominance. Catch up with the first two installments before digging into the final one.
Part I: China’s rare earths industry has a raw materials problem
Part II: China is on a global hunt for rare earths
One not-so-big number from JPMorgan’s Frank deal
300,000: Customers Frank had at the time of sale, a fraction of the 4.25 million customers founder Charlie Javice claimed. Javice stands accused of defrauding JPMorgan Chase, which paid $175 million for her infamous student loan startup in 2021.
Air travelers, get ready for lines at these airports
While airports in the US are among the busiest in the world, there are five aviation hubs outside of that country that make the top 10.
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The “Lord God Bird” hasn’t been officially documented in the US for eight decades. But ornithologists and avian enthusiasts are convinced the ivory-billed woodpecker is still there.
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