FirstFT: The United States will diplomatically boycott the Beijing Olympics


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Joe Biden decided not to send a US government delegation to the Beijing Winter Olympics Diplomatic boycott It aims to send a strong message to China about the persecution of Uyghurs in Xinjiang.

The White House Press Secretary Jen Psaki stated that the government will not send any officials to participate in the Olympic Games starting in February due to Xinjiang’s “ongoing genocide and crimes against humanity”. But she said that the U.S. Olympic team has “full support” from the president and his government.

The United States has taken a hard line on the situation in Xinjiang. More than 1 million Uyghurs and other ethnic minorities have been detained in detention camps and used for forced labor.

Earlier this year, Secretary of State Antony Blinken followed the example of the Trump administration and described the suppression of Uyghurs as “genocide.” Biden also raised the issue of Xinjiang and human rights in a virtual meeting with President Xi Jinping last month.

Do you agree with Biden’s decision?Tell me what you think [email protected]. Thank you for reading FirstFT Asia.This is the rest of the news today-Emily

1. Evergrande faces another debt repayment deadline China Evergrande Group has once again become the world’s most indebted real estate developer Flirting formally defaults Yesterday, the 30-day grace period for debt repayment of $82.5 million came to an end. The group’s share price has fallen by nearly one-fifth.

2. Saudi Aramco warns of energy transition risks “social unrest” The CEO of Saudi Aramco, the world’s largest oil producer, called on global leaders to continue investing in fossil fuels in the next few years, otherwise they will face Hyperinflation and social unrest This will force them to abandon their emission targets.

3. The latest investigation by U.S. financial regulators Lucid Motors is an electric vehicle group listed in one of the largest Spac transactions in history. U.S. Securities and Exchange Commission investigation Excessive disclosure and forecasting.In addition, the US Securities and Exchange Commission is Investigate digital world acquisitions, The blank check company will merge with Donald Trump’s social media startup.

4. Aung San Suu Kyi sentenced to 4 years in prison Deposed Burmese leader Sentenced Two years in jail for inciting objections against the military, and two years in jail for violating the National Disaster Management Law. The 76-year-old politician faces more than 10 criminal charges and has only been allowed limited legal channels since his arrest on February 1.

Aung San Suu Kyi was overthrown in a military coup in February and faces more than 10 charges © Sakchai Lalit/AP

5. The value of SoftBank’s portfolio companies plummeted SoftBank Group shares fall 8% Yesterday, they lost money for the seventh day in a row because the growing problems of their portfolio companies Didi Chuxing and Arm renewed concerns about the business model of the Japanese technology group.

Coronavirus Digest

  • new Zealand’Out of control house prices can pass Low net migration The deputy governor of the central bank said that if the coronavirus pandemic closes the country’s borders.

  • New York City will Require all private sector workers Get the Covid-19 vaccine, which will be the strictest vaccine regulation in the United States.

  • Pirita Clark: If Omicron spoils your vacation plan, don’t despair.The holiday is great, but a few days off Can be equally useful As a week

  • After experiencing one of the worst Covid-19 disasters in the world, Brazil Earth-shaking changes are taking place With the sharp decline in the death toll and mass vaccination campaigns, the death rate per 100,000 inhabitants is lower than that of the United States, the European Union and the United Kingdom.

A pair of line graphs shows that although Brazil’s cumulative number of deaths from Covid-19 during the entire pandemic is higher than that of the United States, the United Kingdom or the European Union, it currently has fewer daily deaths than any other region.

the day before

Putin and Biden on the phone US President Joe Biden will seek Consolidate unity with European powers Prior to the phone call with Vladimir Putin, the call was intended to outline the punitive measures that would cause “serious” damage to the Russian economy in the event of Ukraine’s invasion.

  • Comment: Putin insisted that Ukraine is a failed country, led astray by foreigners with ambitions.This is his argument Really shocking turn, Wrote Gideon Rachman.

Pearl Harbor Day Mark today 80 years Since Japan bombed Pearl Harbor. Looking forward to a substantive analysis of the relationship between the two countries, since Shinzo Abe became the first Japanese prime minister to visit the scene of the attack five years ago, the relationship between the two countries has been significantly improved in this critical event.

Sign up to receive Email a week in advance Preview the latest developments in global business, politics and economics in your inbox every Sunday.

What are we still reading

Honduras is the new front on the US-China Taiwan issue Taipei celebrates the support of Japan and the West, but they are worried Honduras allegiance -One of the few countries that maintain diplomatic relations. The tug-of-war between the United States and China for influence in Central America enveloped ever-changing relations.

La Niña is expected to exacerbate extreme weather this La Niña It has been developing for the second year in a row, and this weather pattern is expected to exacerbate rainfall and droughts around the world. It may have a lasting impact on agriculture and water supply.

Family-friendly vacation policy is the key to employee retention The pandemic encourages many professionals to reconsider their work patterns.Supporting employer Paternity leave and promotion of flexible work May stand out in the highly competitive labor market.

Tensions between Facebook and academia More and more researchers are trying to understand the potentially harmful social impact of Facebook Their job is stifled, Provides a narrative that Meta operates with a mentality of growth at all costs.

China is faltering, but the world is not affected Beijing is locking in to contain the pandemic and hitting key economic sectors and high debts with an aggressiveness that no other government can match.this There is a long way to explain Ruchir Sharma believes that why China is slowing so fast now.

wealth

As part of the FT Financial Literacy and Inclusion Campaign, musician Courtney Love shared her Earn-and lose-wealth“My family has always been the victim of all financial crimes,” she wrote.

©Selena Pereira

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