Samsung’s Galaxy S10 lineup: Foldable phones, 5G and

  A 5G device. A foldable phone that morphs into a tablet. A smartphone that can charge another smartphone when sandwiched together.

  Samsung is making bold moves with its new lineup of Galaxy S10 smartph

ones, which were announced Wednesday at its “Unpacked” press event in San Francisco.

  Following a year of slower sales growth — due largely to the S

9 models not being different enough from its successful Galaxy S8 products — the co

mpany hopes a handful of innovative features will inspire consumers to trade in existing devices for newer models.

  The Galaxy Fold

  Samsung kicked off its event with the debut of the Galaxy Fold, a 4.6 inch-smartphone that

can open up into a 7.3-inch tablet. Along with Samsung’s long teased Infinity Flex display, it has a hinge sy

stem that can’t be seen from the outside. The luxury device, which will cost $1,980, hits stores on April 26.

  ”We are creating a new dimension for your phone and your life,” a Samsung spokesper

son said during the event. “It doesn’t even define a new category; it defies a new category.”

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Representatives have until 3 p.m. Thursday to signthe resolution

  which will be introduced Friday, Pelosi wrote. The House will “move swiftly” under the Nat

ional Emergencies Act to pass it before sending it to the Senate, she added.

  Trump declared a national emergency last Friday after he signed a spending bill that would keep the gover

nment open and provide $1.375 billion for a border wall, billions less than he had sought.

  Castro had promised to curtail such a declaration prior to Trump’s announcement as a possible second partial government shutdown loomed.

  ”Historically, Presidents have declared national emergencies for urgent matters of national security. President Trump would u

nconstitutionally usurp congressional authority by declaring an emergency based upon unfounded hype rat

her than any substantive emergency,” the Texas Democrat said last Thursday in a statement.

  Castro added that “such a baseless declaration by President Trump would set a dange

rous precedent regarding the constitutional balance of powers between the executive and legislative branches.”

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Swiss banking giant UBS fined more than $5 billion in fraud case

  UBS faces a massive financial penalty in France after a court there ruled that the Swiss bank helped its wealthy clients avoid taxes.

  The court delivered its verdict in Paris on Wednesday, ordering the bank to pay €4.5

billion ($5.1 billion) and finding it guilty of money laundering and illegal client solicitations.

  The fines include €800 million ($907 million) in civil damages payable to the French state.

  Shares in UBS (UBS) dropped sharply after the verdict was announced, trading

down 4.2% in Switzerland. The fines are roughly equal to the bank’s net profits for 2018.

  Switzerland’s largest bank said that it would issue a statement “as soon as possible following appli

cable disclosure requirements.” The bank previously said the “lack of a case for the prosecution” had been “very evident.”

  ”UBS believes that the amounts requested were not supported by the evidence presen

ted or the law, and that there are strong legal defenses to the relevant charges,” it said in its most recent annual report.

  The bank said Wednesday that it would appeal the court’s ruling.

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In short, thanks to changes in the internal and extern

al environment, China’s monetary policy is expected to sail out of the “reefs” in 2019, becoming more flexible in maintaining its prudent, neutral, and marginally loose stance.

We believe that comprehensive and targeted cuts to reserve req

uirement ratios, reductions in open market rates, and increased use of targeted medium-term l

ending facility will become the main policy tools of China’s central bank in 2019. Only when extreme changes happen in the internal and external env

ironment (for example, the Chinese economy fails to stabilize in the middle of 2019 and the Fed doesn’t raise interest rates),

will the possibility of lowering the benchmark deposit and lending interest rates rise significantly.
hina will take measures to help domestic soybe

an and corn farmers, while also seeking to expand imports of certain agricultural products that are considered in s

hortage through diversified channels, according to a central government guideline released on Tuesday.

The plan, came before a new round of trade negotiations between Chinese and US officials set fo

r Thursday and Friday, shows Chinese policymakers’ determination to be le

ss dependent on US agricultural imports such as soybeans even if a deal is likely to be reached, industry analysts said.

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Even if the 25-percent duties imposed on soybeans shipp

ed from the US are lifted as a result of upcoming bilateral trade talks and China’s decision to resume soybean imports, “the

percentage of US soybeans in China’s total imports could further dwindle in 2019″ as the nation looks for w

ays to avoid further escalation in the weakening economic relationship, Jiao said.

In 2018, China purchased 16.6 million tons of soybeans from the US, about half of 2017’s level of 32.9 million tons and the lowest since 2008

, Reuters reported. Meanwhile, the country is buying more soybeans from Brazil, Argentina and Russia.

In January, relevant departments issued a soybean “rejuvenation” plan, aiming to boos

t soybean cultivation in traditional planting areas including Northeast China, Cent

ral China’s Henan Province, East China’s Anhui and Shandong provinces and Southwest China’s Sichuan Province.

The plan also specified that China will allocate 10 million mu (666,666.7 hectares) of land for soybean planting in 2019.

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Authorities guarded Boeung Kroam Lake for more

than a month before the event – to prevent illegal fishing and ensure there would be enough to catch at the annual event.

It kicked off in the early morning with hundreds of villagers racing to the lake, spo

rting straw hats and traditional scarves to shield themselves from the blazing sun.

The mood was light-hearted and many opted to grill the morning’s catch by the lake over a smoldering fire.

But for villagers who had attended the event for several years, the day’s haul proved disappointing.

“Before, there were bigger fish,” said Chin Khoung, 50.

“Now the fish are small and there’s less [of them].”

The Southeast Asian country, which boasts the mighty Mekong River and its man

y tributaries, is heavily reliant on fish as a major source of protein for its population.

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Preynat was suspended by the church that year

ally emerged that his cardinal, Philippe Barbarin, had confronted him about “the

rumors” in 2010 but the priest claimed he had changed.

Four years later Barbarin, who is now archbishop of Lyon in southeastern

France, informed the Vatican about the case but did not tell the police.

The 68-year-old cardinal and five former aides have recently been tried for their part in the cover-up and a verdict is expected on March 7.

The film’s title comes from Barbarin’s exclamation of relief that the abuse was thought to be covered by the statute of limitations.

It tells the story of the scandal while sticking closely to its emotional impact on three vict

ims-turned-activists, who begin to confront their trauma publicly with the support of their families.

Ozon said the reaction from several French bishops and senior clergy who have seen the fil

m had been positive, adding that he hoped it would provoke debate beyond France.

Ozon changed the names of the victims in the film, but not those of Preynat or Barbarin.

He argued that everything in the film had already been reported in the press, and that Preynat had confessed to the abuse of around 80 boys.

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hinese analysts say the UK can set an example for Eu

Chinese analysts hailed the UK’s move to deal with concerns about risks of cooperating with Huawei in 5G through technical measures, and said the UK has

et an example for other European countries on the issue to prevent the effects of the US.

Zhang Chi, a Chinese telecommunications industry observer, said a Huewei offcial in the UK told him that the UK set up a

special testing center composed of working staff from Huawei and technological officials from the UK an

d headed by the latter, which was one of the ways to limit the risk

s of using Huawei mentioned in a Financial Times report on Monday.

“Such a facility runs a thorough, transparent examination of Huawei’s device and operating c

ode, and Huawei products can only enter the UK’s network after passing such tests,” Zhang told the G

lobal Times on Monday, and such a testing system is wh

ere the UK draws confidence from in terms of managing risks.

“In the era of globalization, China will embrace the world with open arms. We also expect the UK to maint

ain its true nature of opening and making wise choices based

on its own interests and work with China to bring more benefits to

the Chinese and British people,” Chinese Foreign Ministry

spokesperson Geng Shuang said at a routine press conference on Monday.

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The UK made a proper move by introducing ways to

After Chinese sportswear brand Li-Ning returned to the catwalks of New

York Fashion Week for the second time ever on February 12, the appearance quickly be

came a hot topic of discussion on social media in China. Several years ago, Li-Ning probably never dared imagine that i

ts products could become so popular among young people in China. However, not only has the company found great suc

cess with this demographic, it has also pushed many older Chinese brands to explore new paths to young people’s hearts.

Bumps along the way

The company gets its name from Li Ning, the pride of China. With 14 gold medals at world-class gymnastic competitions, thr

ee of them Olympic gold medals, he earned himself the title “Prince of Gymnastics.” Chinese people still talk ab

out the moving scene when he lit the torch at the 2008 Beijing Olympic Games. After retiring from gymnastics, Li fo

unded the sportswear brand in 1990, becoming not only a legend in sports but also in business.

www.shb419.com

As the West steps up its criticism of Myanmar over the Rohin

Rakhine issues, the country’s relations with the West have deteriorated. China is one of the few powers

Myanmar can rely on. There is vast cooperation potential between the two countries. China and Myanmar can a

dvance industrial cooperation under the framework of the Belt and Road Initiative, the China-ASEAN Free Trade Area, the China-M

yanmar Economic Corridor and the Bangladesh-China-India-Myanmar Economic Corridor. How to unleash M

yanmar’s huge development potential with the help of China should be placed on the NLD government’s planning agenda.

As Myanmar’s largest neighbor, China will continue to play an active role in promoting Myanmar’s nat

ional reconciliation and addressing the Rakhine issue as well as build mechanism for talks. It will assist My

anmar as much as it can. When investing in Myanmar, Chinese ente-invested projects, driven by nationalism an

d so-called environmental concern, are of no help in improving the country’s investment environment, and have hijacked economic development. Res

pecting the spirit of the contract is a basic requirement for modern states and their peoplrprises should pay attention to th

eir social responsibility. They should also address local people’s suspicions and misunderstandings on Chinese-inve

sted projects. We have reasons to believe that the prospect for China-Myanmar cooperation under the Belt and Road framework is promising.

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