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US court hands university US$165 million judgment
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Commentary: Did the world just get a second Belt and Road Initiative?
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Xi Jinping’s BRI Speech at Bo’ao Forum for Asia Reveals CCP’s Global Ambitions
News Analysis
Xi Jinping, leader of the Chinese Communist Party (CCP), delivered a speech at the Bo’ao Forum for Asia (BFA) 2021 via video on April 20, promoting the CCP’s Belt & Road Initiative (BRI) also known as “One Belt, One Road” (OBOR) and the expansion of communism.
The Bo’ao Forum for Asia (BFA) 2021, which is an annual event, was held from April 18 to 21 in Bo’ao, Hainan Province, China.
At the beginning of his speech, Xi said that the annual forum was held in a “very special background,” and that its theme was “A World in Change: Join Hands to Strengthen Global Governance and Advance Belt and Road Cooperation,” which “is most opportune and relevant under the current circumstances.”
Kate Kelly, Matthew Goldstein, Matt Phillips and Andrew Ross Sorkin - The New York Times
Published: 04 Apr 2021 08:44 PM BdST
Updated: 04 Apr 2021 08:44 PM BdST The headquarters of Goldman Sachs in New York, on March 13, 2020. Goldman Sachs reportedly averted the losses that other big Archegos lenders revealed. (Emon Hassan/The New York Times)
Until recently, Bill Hwang sat atop one of the biggest and perhaps least-known fortunes on Wall Street. Then his luck ran out. );
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Hwang, a 57-year-old veteran investor, managed $10 billion through his private investment firm, Archegos Capital Management. He borrowed billions of dollars from Wall Street banks to build enormous positions in a few American and Chinese stocks. By mid-March, Hwang was the financial force behind $20 billion in shares of ViacomCBS, effectively making him the media company’s single largest institutional shareholder. But few knew about his total exposure, since the shares were mostly held through co
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