Latest news with #Am
New York Post
2 days ago
- Business
- New York Post
China claims Wells Fargo banker blocked from leaving country is ‘involved in criminal case'
China said Monday that a US-based Wells Fargo banker has been blocked from leaving the country because she 'is involved in a criminal case.' Chenyue Mao, an Atlanta-based managing director at Wells Fargo who was born in Shanghai, has been blocked from leaving in accordance with the law, Guo Jiakun, a spokesperson for the ministry, said during a news briefing. The case is currently under investigation and Mao is obliged to cooperate, Guo said, though no details on the case or how Mao is involved were shared. 4 Chenyue Mao, managing director at Wells Fargo. Trade Reboot 'Everyone in China, whether they are Chinese or foreigners, must abide by Chinese laws,' Guo added. Wells Fargo quickly placed a ban on all travel to China, a source close to the matter previously told Reuters. 'We are closely tracking this situation and working through the appropriate channels so our employee can return to the United States as soon as possible,' a Wells Fargo spokesperson previously told The Post. The US bank declined to comment on whether it has been in touch with Mao and efforts to expedite her return. A spokesperson for the US Embassy in Beijing declined to comment on Mao's case but said it has 'raised our concern with Chinese authorities about the impact arbitrary exit bans on US citizens have on our bilateral relations and urged them to immediately allow impacted US citizens to return home.' Mao's exit ban, along with two other cases of foreigners being restricted from leaving China, have set off alarm bells for foreign businesses with interests in the area. 4 China said that a US-based Wells Fargo banker is facing an exit ban because she is involved in a criminal case. REUTERS A Commerce Department employee who traveled to China several months ago to visit family is being blocked from exiting the country after he failed to disclose on his visa application that he worked for the US government, sources familiar with the matter told the Washington Post. Guo said he had no information to provide when asked about a US government employee, whose name is currently unknown, facing an exit ban. Meanwhile, a Beijing court on Wednesday sentenced a Japanese executive to more than three years in prison for espionage, according to the Japanese government. Every morning, the NY POSTcast offers a deep dive into the headlines with the Post's signature mix of politics, business, pop culture, true crime and everything in between. Subscribe here! The executive was detained in 2023. Exit bans have become increasingly common in China, where they are used as intimidation tactics or to create leverage over another company or foreign government. Mao, the Wells Fargo banker facing an exit ban, was raised in China and is now a US citizen, sources familiar with the matter who insisted on anonymity told the New York Times. 4 Wells Fargo declined to comment on whether it has been in touch with Mao and efforts to expedite her return. REUTERS Her case has stoked anxiety among naturalized American citizens who grew up in China, since the Chinese government has sometimes treated Americans who were born in China as Chinese citizens, these sources said. Mao has worked at Wells Fargo since 2012 and specializes in international factoring, a process that allows companies to sell unpaid invoices to a third party, known in this case as the factor, for immediate cash. Mao worked with Chinese firms and industry groups on international factoring matters, and sometimes traveled to China on business, according to the Wall Street Journal. She was recently named chairwoman of FCI, formerly called Factors Chain International, and posted about the new role on LinkedIn just a few weeks ago. 4 Chenyue Mao has worked at Wells Fargo since 2012. Facebook/Chenyue Mao Eric Zheng, president of the American Chamber of Commerce in Shanghai, on Sunday called for the release of more details in Mao's case in order to reassure the foreign business community. Many Japanese companies have already been limiting travel to China and withdrawing family members of managers stationed in the country. Other international companies have canceled business trips or released new policies discouraging employees from entering China alone.
Sharjah 24
6 days ago
- Sport
- Sharjah 24
Mleiha Club engages youth in Sharjah Summer Sports
Strong Participation from Families and Community Members Al Ketbi noted that the events and activities within the 'Our Holiday is Different' initiative, organised by Mleiha Club under the supervision of the Sharjah Sports Council, witnessed strong engagement from local participants and parents eager to enrol their children. Fostering National Identity and Community Values In statements to 'Sharjah 24,' Al Ketbi added that the third week, titled "I Am the Community", featured a wide range of workshops and activities serving the community and strengthening national belonging. The goal was to help participants represent their country with pride and avoid the risks associated with social media misuse. Key workshops included: "Digital Citizenship", "Emirati Etiquette", "Customs and Traditions", and "Welcoming Guests".
Sharjah 24
06-07-2025
- Sharjah 24
Al Dhaid Club members visit SRTI Park
Enhancing awareness of advanced technology The visit aimed to enhance participants' awareness of advanced technology concepts and introduce them to the latest practices in artificial intelligence, 3D printing, smart environments, and the connection between scientific research and the job market. This experience empowers students to envision the future and understand its practical tools. Diverse activities in the summer programme The "I Am Creative" week is one of five weeks included in the summer program at Al Dhaid Club. The program covers various themes such as "Here is Sharjah," "I Am the Community," "I Am an Athlete," and "I Am the Future." Each phase features a range of daily changing activities that align with participants' interests and mental and physical needs. Ongoing field programmes Al Dhaid Club continues its field programs under "Our Holiday is Different," organizing more visits, workshops, and community initiatives that strengthen youth connections to concepts of belonging, teamwork, and national identity in a safe and productive summer environment. Engaging experiences during the visit During the visit, participants aged 7 to 17 explored live models of research projects and advanced technological facilities. The tour included various sections such as the Environmental Innovation Zone, smart warehouses, and software development laboratories. They also attended demonstrations on supporting young entrepreneurs, adopting startup projects, and empowering researchers and innovators to turn their ideas into practical applications. Interactive demonstrations Participants enjoyed interactive demonstrations on sustainable energy, smart buildings, robotics, and virtual and augmented reality, leaving a significant impression on them. The management of the park ensured that explanations were delivered in a simplified manner suitable for the target age group, encouraging questions and active participation in discussions. Commitment to technological awareness Saeed bin Daloon Al Ketbi, Chairman of the Strategic Planning and Institutional Excellence Committee at Al Dhaid Club, emphasised that organising this visit aligns with the summer programme's objectives of building a generation with technological awareness, critical thinking skills, creativity, and initiative. He stated, 'We have ensured that our summer program includes educational and experiential stations that motivate participants to discover their scientific inclinations and open new horizons for understanding the role of technology in sustainable development. The visit to the Sharjah Research Park represents a living model of the innovative environment we want our children to engage with and draw inspiration from for the future.' A Diverse and comprehensive programme Al Ketbi added that this year's summer program stands out for its diverse segments and integrated themes that combine sports, leadership, arts, sciences, technology, and community, aligning with the aspirations of the Sharjah Sports Council and its strong support for summer activities that create a stimulating and safe environment for youth development.
Time of India
26-06-2025
- Business
- Time of India
After Canada, now US: College graduates face the toughest job market in decades – what's gone wrong?
When Palwasha Zahid moved from Dallas to a town near Silicon Valley, she felt like she was stepping into the heart of opportunity, with major tech companies like Google, Apple, and Nvidia just a short drive away, while she was pursuing her master's degree in data analysis, she imagined her career taking off, as per a report. Instead, even after months since graduating in December, the 25-year-old is still unemployed as she is unable to find a job in the industry she specialised in, according to an AP report. Zahid told AP, 'It stings a little bit,' adding 'I never imagined it would be this difficult just to get a foot in the door,' as quoted in the report. But Zahid is not alone, because young Americans graduating from college this spring and summer are entering one of the most difficult times of the job market in over a decade, as reported by AP. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo According to the report, among college degree holders aged between 22 to 27, the unemployment rate hit 5.8% in March, which is the highest since 2012, it's been apart from the pandemic year, and noticeably higher than the national unemployment rate of 4.2%, as per the AP report. What's even more concerning is that this gap between young graduates and the rest of the workforce is larger than it has been in more than three decades, as reported by AP. Live Events ALSO READ: Karoline Leavitt says no enriched uranium was removed from Iranian nuclear sites prior to US attacks Hiring freezes, AI disruption, and economic uncertainty Economists and policy experts are pointing to many factors, like business hesitation due to economic uncertainty, especially after US President Donald Trump's tariff hikes, which are weighing heavily on new hiring, according to the report. Companies are cautious, and that's bad news for those just starting out, as per the report. Senior economist at the Upjohn Institute, Brad Hersbein, said, 'Young people are bearing the brunt of a lot of economic uncertainty,' adding, 'The people that you often are most hesitant in hiring when economic conditions are uncertain are entry-level positions,' quoted AP in its report. Another possible factor is artificial intelligence. While still in its early phases of adoption, some believe AI is already squeezing entry-level white-collar roles, particularly in industries like tech, finance, and legal services, as reported by AP. CEO of online commerce software company Shopify, Tobi Lutke, said in an April memo that before requesting new hires, 'teams must demonstrate why they cannot get what they want done using AI,' as quoted by AP. ALSO READ: Last chance to claim your Fortnite refund – Act fast or risk missing out on free cash Degrees feel less distinctive — but still matter Part of the difficulty stems from the sheer number of graduates as more Americans than ever now hold a four-year degree, which is 45% today compared to just 26% in 1992, making it less of a standout in the job market, according to the report. Despite these challenges, economists still say college degrees provide long-term benefits, including better lifetime earnings and lower unemployment overall, as per AP report. While job growth continues, much of it is concentrated in sectors like health care, government, and hospitality, not exactly what many degree holders trained for, according to the report. In traditionally degree-heavy fields like IT, legal services, and accounting, job growth has slowed significantly. Cory Stahle, an economist at the job-listings website Indeed, revealed that postings for software development jobs have fallen 40% compared with four years ago, reported AP. ALSO READ: Rocket Lab stock skyrockets past 52-week high with 13% surge - what's fueling the rise? No-hire, no-fire economy Although layoffs remain rare, hiring has slowed to levels last seen in 2014, when unemployment was much higher, as per the report. Economists have dubbed it a 'no-hire, no-fire' economy, which is stable, but stagnant, particularly for those trying to start their career, according to the report. Interest Rates Are Also to Blame While LinkedIn's head of economics for the Americas, Kory Kantenga, pointed out that the Federal Reserve's interest rate hikes have also slowed hiring in the tech industry because many IT firms expanded when the Fed lowered its short-term rate to nearly zero after the pandemic, as reported by AP. But in 2022, when the Fed began increasing rates to combat inflation, it made it harder to borrow and grow, as per the report. FAQs What fields are still hiring graduates? Health care, hospitality, and government jobs are seeing growth. Sectors like IT and legal services have slowed down. Is AI really taking away jobs already? It's starting to have an effect, especially in entry-level white-collar roles. Some companies now ask whether AI can do the job before hiring a person.
Irish Independent
25-06-2025
- Health
- Irish Independent
Travellers' mental health is explored at Wicklow lunchtime session
The Wicklow Traveller Mental Health Steering Group (MHSG) held its 6th session in the series of 'Lunchtime Discussions' on issues impacting Travellers' mental health, in the Little Flower Hall, Bray recently. Some 60 people attended the discussion on 'I Am Change – Empowering the future', based on the theme of this year's Traveller Pride Week, in May. Jim O'Brien, chair of Wicklow MHSG and coordinator of Bray Travellers Community Development Group, spoke about the last 30 years in community development. This was followed by a discussion with a panel of workers from a local Traveller project. Wicklow MHSG was established in 2019 to raise awareness in the community around mental health; progressing the recommendations from the County Wicklow Traveller Mental Health Report 2019; connecting Travellers with services and identifying barriers. If you are interested in attending future sessions, email: Christy@
