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China will officially launch its new K-visa scheme on October 1, aiming to attract foreign professionals in science, technology, engineering and mathematics (STEM). Beijing’s initiative arrives at a moment of intensifying competition for skilled workers worldwide. It offers a stark contrast to Washington’s latest decision to require American employees to pay a one-time fee of US$100,000 for each of their new H-1B visa applications, the primary pathway for skilled foreign workers to enter the US job market. The Chinese government announced on August 14 that it had amended its visa rules by introducing a new K-visa category, bringing the total…

Inter Miami CF midfielder Sergio Busquets announced he will retire at the end of the 2025 Major League Soccer season.The Spaniard revealed his decision by publishing a video to his Instagram account, detailing his experience after an almost 20-year career with Barcelona, Miami and Spain.”I feel like it’s time to say goodbye to my career as a professional soccer player. It has been almost 20 years of enjoying this incredible story that I always dreamed of. Soccer has gifted me unique experiences in wonderful places, with the best travel companions,” Busquets said on Instagram.”Thank you to FC Barcelona, the club…

MANILA, Philippines (AP) — Another tropical storm barreled across Philippine islands Friday, causing at least four deaths and new evacuations of tens of thousands of people from landslide- and flood-prone villages long battered by typhoons.Bualoi, which has weakened since making landfall overnight, was the latest of back-to-back storms from the Pacific to threaten Asia. Typhoon Ragasa, one of the strongest to hit in years, caused at least 25 deaths in the northern Philippines and Taiwan, mostly from flooding, before making landfall in China and dissipating over Vietnam.Bualoi made landfall in the Philippine town of San Policarpo in Eastern Samar province…

BEIJING (AP) — China has opened an investigation into whether import tariffs being imposed by Mexico are a trade and investment barrier.Mexico plans to impose taxes as high as 50% on more than 1,400 products from Asia to protect factories at home, which are facing stiff tariffs imposed by President Donald Trump on exports to the United States. A Chinese Commerce Ministry statement posted Thursday said the tariffs would harm the interests of affected countries.“China believes that, against the backdrop of the current U.S. abuse of tariffs, all countries should jointly oppose all forms of unilateralism and protectionism and must…

SUMENEP, Indonesia (AP) — Health workers in Sumenep, Indonesia, are delivering measles vaccines to curb an outbreak on Madura Island, which has persisted for nine months. Over 2,600 children have been infected this year, and 20 have died. Efforts face challenges due to concerns about the vaccine’s halal status, because some vaccines contain a pig-derived stabilizer. Some Islamic scholars say it’s permissible under certain conditions, but hesitancy remains. Indonesia, the world’s largest Muslim-majority nation, has reported previous outbreaks of measles, mostly driven by gaps in vaccination coverage. Parents wait for their children during a measles vaccination campaign following an outbreak,…

MANILA, Philippines (AP) — Asian shares fell on Friday after President Donald Trump announced plans for new tariffs including 100% import taxes on pharmaceutical drugs starting Oct. 1.Trump said Thursday on his social media site that foreign makers of furniture and cabinetry were flooding the United States with their products and that tariffs must be applied “for National Security and other reasons.” He said foreign-made heavy trucks and parts are hurting domestic producers. However, most such trucks are either made in America or are U.S. brands made in Canada or Mexico.U.S. futures and oil prices edged higher. Most Asian indexes…

Intrusions into NATO’s airspace blamed on Russia reached an unprecedented scale this month, raising questions about whether the Kremlin is trying to test the alliance’s willingness and ability to respond to a direct attack or divert its attention and resources from the war in Ukraine.Russia has been encroaching on its NATO neighbors’ airspace for decades, then either denying it happened or brushing it off as unintentional. But since its 2022 invasion of Ukraine, such incursions have carried a bigger threat, none more so than when drones swarmed into Poland two weeks ago and caused NATO to scramble jets to shoot…

Former FBI Director James Comey was indicted Thursday by a federal grand jury in Virginia on charges of making a false statement and obstruction related to testimony he gave to Congress five years ago.Comey, a frequent target of President Donald Trump’s ire, is accused of lying during testimony at the Senate Judiciary Committee on Sept. 30, 2020.”The charges as alleged in this case represent a breach of the public trust at an extraordinary level,” said interim U.S. Attorney Lindsey Halligan of the Eastern District of Virginia, whose office will prosecute Comey on the two criminal counts.Comey posted a video response…

Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching on Thursday and what’s on the radar for Friday’s session. Oklo’s big decline CNBC will keep watching nuclear power start-up Oklo on Friday. The stock’s big run has powered down . Shares fell more than 9% on Thursday. In two days, shares are down around 15%. This comes after Goldman Sachs initiated coverage on the stock and was less than…

CNBC’s Jim Cramer on Thursday reviewed recent earnings reports from major homebuilders Lennar and KB Home, expressing concern that the Federal Reserve’s rate cuts won’t help bring down mortgage rates.”I think it’s better to take a wait-and-see approach to the homebuilders, just in case we see a repeat of last fall, where the Fed started cutting and it didn’t make a difference,” he said. “If anything, it drove the bond market in the wrong direction and mortgage rates higher.”The Fed lowered its benchmark borrowing rate by 0.25% last week. A cut from the Fed is usually expected to bring down…