logo
JBC Noodle to looks to open in Pittsford this month

JBC Noodle to looks to open in Pittsford this month

Yahoo17-04-2025
PITTSFORD, N.Y. (WROC) — In Pittsford, a new Asian cuisine option is coming: JBC Noodle!
Owner of the local and regional chain, Mark Teng, says that this location, as it's one of their larger ones, will feature a larger menu, with an extra helping of some American-Chinese dishes.
PacSun now open in Eastview Mall
This location will also feature a high-end cocktail bar. Teng and his team are refining their cocktail menu, but premium sake and soju (a rice wine aperitif) will be featured.
Teng looks to open this location before May.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

M&A News: BlackRock Stock (BLK) Climbs Despite Threats to $22.8B Panama Ports Deal
M&A News: BlackRock Stock (BLK) Climbs Despite Threats to $22.8B Panama Ports Deal

Business Insider

time10 minutes ago

  • Business Insider

M&A News: BlackRock Stock (BLK) Climbs Despite Threats to $22.8B Panama Ports Deal

Shares in asset manager BlackRock (BLK) edged higher today despite likely missing the final deadline for its $22.8 billion Panama Ports deal with CK Hutchison (CKHUF) because of Chinese government fears. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. March Deal According to Reuters, the July 27 deadline for exclusive talks between BlackRock, Mediterranean Shipping Company (MSC) and CK will not be met. The proposed sale includes two ports at either end of the Panama Canal and more than 40 others around the world. BlackRock and MSC reached a preliminary agreement to buy the ports from CK back in March. Earlier this month it was reported that China wanted state-owned shipping giant Cosco to be an equal partner and shareholder in the ports alongside BlackRock and MSC. Indeed, Chinese officials have told BlackRock, MSC and Hutchison that if Cosco is left out of the deal, Beijing would take steps to block Hutchison's proposed sale. The Chinese government, led by President Xi Jinping, below, has also repeatedly expressed concerns about the deal since March. This has included slamming CK for betraying the Chinese people and being 'spineless.' Chinese Concerns It was concerned that the deal could hit China's shipping and trade interests. Its views carry a lot of weight with the parties involved in the deal. That's because BlackRock and Hutchison have business interests in China, and MSC is one of the biggest movers of Chinese products around the world. That's despite APAC not being a huge revenue generator for BlackRock as can be seen below. China's objections have also come amidst a worsening trade spat with the U.S. President Trump has put a lot of political capital into ensuring that U.S. dominance over the Panama Canal is reasserted and would no doubt object to Cosco's involvement. Ballingal Investment Advisors strategist David Blennerhassett said Trump, 'who has a handful of issues already on his plate, would be incandescent.' Jackson Chan, global fixed income senior manager at FSMOne Hong Kong, warned: 'I think at this moment it's not very optimistic that they can directly sell the ports to the consortium,' he said. It is understood however that missing the deadline may not be a death-knell for the deal. It is likely exclusive negotiations will be extended. Is BLK a Good Stock to Buy Now?

US-China trade talks: Can China reduce its export dependence?
US-China trade talks: Can China reduce its export dependence?

The Hill

time29 minutes ago

  • The Hill

US-China trade talks: Can China reduce its export dependence?

BEIJING (AP) — China's high dependence on exports will likely be a key focus of a new round of U.S.-China trade talks this coming week in Stockholm, but a trade deal would not necessarily help Beijing to rebalance its economy. U.S. Treasury Secretary Scott Bessent has said he hopes the negotiations can take up this issue, along with China's purchases of oil from Russia and Iran, which undercut American sanctions on those two countries. Hopes rose for a breakthrough in talks after U.S. President Donald Trump announced deals with Japan, Indonesia and the Philippines this week. The U.S. wants China to do two things: Reduce what both the U.S. and the European Union see as excess production capacity in many industries, including steel and electric vehicles. And secondly, to take steps to increase spending by Chinese consumers so the economy relies more on domestic demand and less on exports. 'We could also discuss the elephant in the room, which is this great rebalancing that the Chinese need to do,' Bessent told financial news network CNBC. He said China's share of global manufacturing exports at nearly 30%, 'can't get any bigger, and it should probably shrink.' China is tackling the same issues — for domestic reasons The issues are not new, and China has been working to address them for years, more for domestic reasons than to reduce its trade surpluses with the U.S. and other countries. Bessent's predecessor as treasury secretary, Janet Yellen, made industrial policy a focus of a trip to China last year. She blamed government subsidies for flooding the global market with 'artificially cheap Chinese products.' The European Union, whose top leaders met their Chinese counterparts in Beijing on Thursday, has cited subsidies to justify EU tariffs on electric vehicles made in China. In the 1980s, the U.S. pressured Japan to boost consumer spending when American manufacturing was overwhelmed by exports from the likes of Toyota and Sony. Economists have long argued that China likewise needs to transform into a more consumer-driven economy. Consumer spending accounts for less than 40% of China's economy, versus close to 70% in the United States and about 54% in Japan. Chinese leaders have spoken about both factory overcapacity and weak consumer spending as long-term problems and have sought over the past 20 years to find ways to rebalance the economy away from export manufacturing and massive investments in dams, roads, railways and other infrastructure. Fierce price wars have prompted critical reports in official media saying that companies are 'racing to the bottom,' skimping on quality and even safety to reduce costs. With strong government support, they've also expanded overseas, where they can charge higher prices but still undercut local competitors, creating a political backlash. Economists say China needs a consumer-driven economy All that competition and price cutting has left China battling deflation, or falling prices. When companies receive less for their products, they tend to invest less. That can lead to job cuts and lower wages, sapping business activity and spending power — contrary to the long-term goal of increasing the share of consumer spending in driving overall growth. To counter that, the government is spending billions on rebates and subsidies for people who trade in their cars or appliances for new ones. But acknowledging a problem and solving it are two different things. Economists say more fundamental changes are needed to boost consumption and rein in overcapacity. Such changes can only come incrementally over time. Private Chinese companies and foreign-invested companies create the most jobs, but they've suffered from swings in policy and pressures from the trade war, especially since the pandemic. Demographic changes are another challenge as China's population shrinks and ages. Many experts advocate expanding China's social safety net, health insurance, pensions and other support systems, so that people would feel freer to spend rather than save for a medical emergency or retirement. Yan Se, an economist at Peking University's Guanghua School of Management, warned at a recent forum that deflation will become a long-term issue if China doesn't step up its welfare benefits. 'Chinese people deserve a better life,' he said. Facing external threats, China wants to be more self-reliant One possibility, put forward at the same forum by Liu Qiao, the dean of the business school, would be to change incentives for local government officials, rewarding them for raising consumption or household incomes instead of meeting an economic growth target. He doesn't see that happening nationwide but said it could be tested in a province. 'That would send out a message that China needs a different approach,' he said. Chinese leader Xi Jinping has made transforming the country into a technology superpower a top priority. It's a goal that has gained urgency as the U.S. has tightened restrictions on China's access to high-end semiconductors and other advanced knowhow. Output in high-tech manufacturing is growing quickly, adding to potential overcapacity, just as what happened with the government's encouragement of 'green' technologies such as solar panels and wind turbines. Various industries, including EV makers, have pledged to address the issue, but some local governments are striving to keep money-losing enterprises afloat, reluctant to lose tax revenues and jobs, or to fail to meet economic growth targets. Going forward, the government is calling for more coordination of economic development polices in fields such as artificial intelligence so that not every province champions the same industry. But government moves to counter the impact of higher tariffs tend to support sectors already in overcapacity, and the share of consumption in the economy has fallen in recent years. 'A sustained improvement in household consumption will require greater reform ambition,' the World Bank said in its most recent update on China's economy.'

India's New Deals Leave US to Catch Up
India's New Deals Leave US to Catch Up

Newsweek

time30 minutes ago

  • Newsweek

India's New Deals Leave US to Catch Up

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. On a sweltering afternoon beside the turquoise waters of the Indian Ocean, Prime Minister Narendra Modi stood beside Maldivian President Mohamed Muizzu for the island nation's 60th birthday. It was not only ceremonial, however. Three agreements and four memorandums of understanding were signed with a country that had once been seen as inching into China's orbit. Days earlier and at a different place on the diplomatic scale, Modi had inked a new trade agreement with former colonial power Britian — calling it "a blueprint for our shared prosperity." But as the world's most populous nation forges a new global diplomatic playbook, one country appears conspicuously left out and with a trade deal still hanging in the balance: the United States. "We wish to engage with the world, including the West, on equal terms," Sanjeev Sanyal, a key member of Indian Prime Minister Modi's Economic Advisory Council told Newsweek. "We understand that Western countries have their interests, but we also have ours. So, we will speak up for our interests. This does not mean that we won't be willing to engage or make reasonable trade-offs." India's Prime Minister Narendra Modi (2L) inspects a guard of honour during his ceremonial reception at the Republic Square in Male on July 25, 2025. India's Prime Minister Narendra Modi (2L) inspects a guard of honour during his ceremonial reception at the Republic Square in Male on July 25, 2025. Photo by Mohamed Afrah / AFP A U.S. State Department spokesperson described India as "a strategic partner with whom we engage in full and frank dialogue, including on its relationship with Russia and problematic actions by China." "We deeply value our relationships with fellow Indo-Pacific nations like India and Maldives. We will continue to work with our partners to advance American interests by ensuring the region remains free and open, and continues to become more connected, prosperous, secure, and resilient," the spokesperson said. White House In a sign of India's importance for U.S. President Donald Trump's administration, he was an early visitor to the White House in the second Trump term. But the optics of India's recent diplomatic activity are hard to ignore. India's diplomatic calendar this month reads like a G20 cheat sheet: France, UAE, Egypt, Iran, Russia — now Britain and the Maldives. And in a move that would have been unthinkable even a year ago, India just resumed offering tourist visas for Chinese citizens, ending a five-year freeze following deadly clashes in a disputed border area in 2020. "China and India should adhere to the direction of good neighborliness and friendship," Chinese Foreign Minister Wang Yi said during a July 15 meeting with Indian counterpart S. Jaishankar. "China is willing to work with India to promote sustained, healthy, and steady development," he added. These moves reflect India's deepening role as a global swing power, geopolitical analysts said. "Power—not justice, not fairness, not laws, rules, or ethics—but raw, unadulterated, crude and unhinged power has become the key determinant of international relations," Gautam Chikermane, Vice President at Observer Research Foundation told Newsweek. "Threats have become the new vocabulary, whims are the new rules. Every country must have Plan B and Plan C in place. India already does." India's Prime Minister Narendra Modi gestures as he speaks during a joint press conference with Britain's Prime Minister Keir Starmer on July 24, 2025. India's Prime Minister Narendra Modi gestures as he speaks during a joint press conference with Britain's Prime Minister Keir Starmer on July 24, 2025. Photo by KIN CHEUNG/POOL/AFP via Getty Images Landmark Deal with Britain India's landmark deal with the UK is seen as much about geopolitics as about goods and services. It wasn't rushed. Negotiations began in May 2022, took three years, and involved tough domestic balancing acts—protecting farmers, small businesses, and service sectors on both sides. "It is not easy to sign a trade agreement like this," said one senior Indian trade official involved in the deal. "But both sides were patient. We weren't desperate, and we didn't take ultimatums." "This agreement is more than just trade," UK opposition Conservative MP Bob Blackman told Newsweek. "It reflects a shift in how both nations perceive power and partnership. No longer limited to Commonwealth nostalgia, the UK–India relationship is maturing—grounded in democratic resilience and pragmatic alignment." In contrast, there is still no trade deal with the United States despite some optimism voiced by President Trump and India. "The United States is very close to a trade deal with India... I think we'll get it done soon," Trump said at a recent press briefing. Yet, almost in the same breath, he reiterated his frustration with India's trade stance, immigration policies, and neutrality on Russia. "The era of building factories in China and hiring workers in India is over," Trump added—comments that have left New Delhi watching with a wary eye. Trump has also threatened secondary tariffs of up to 100% on countries importing Russian oil—a clear warning to India, which continues buying discounted energy from Moscow in what it sees as a vital economic hedge, not a geopolitical endorsement. "India's successful trade deal with the UK demonstrates that it has global trading options and that it is not desperate enough for a trade deal with the United States to open up its agricultural sector," Lisa Curtis, director at the Center for a New American Security told Newsweek. "The Trump administration would be wise to make concessions for India in the interest of the larger strategic partnership." "One of the greatest foreign policy accomplishments of the first Trump administration was elevating the U.S.–India strategic partnership," Curtis continued. "It would be a mistake for the second Trump administration to sacrifice those gains."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store