The trials of Muhammad Yunus | China exports zero germanium and gallium in August as national security curbs bite | South Korea says it 'will not stand idly by' if North Korea receives Russian help on nuclear weapons | CNN

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The trials of Muhammad Yunus - The Economist    To foreign donors, development wonks and some of the world’s poorest people, Muhammad Yunus is a hero. The Bangladeshi economist, social entrepreneur and founder of Grameen Bank pioneered the use of microloans and other services for those too marginalised to access conventional banking systems. In 2006 Mr Yunus won the Nobel peace prize for his work in grassroots development—empowering the most impecunious. The model he helped pioneer did much to improve economic, social and health conditions in Bangladesh. It has since spread across continents. Yet to Sheikh Hasina Wajed, the prime minister who has ruled Bangladesh since 2009 (and once before), Mr Yunus is diabolical. With a general election due in January, she salts campaign speeches with attacks on him. She calls the development hero a “bloodsucker” of the poor, hellbound for his supposedly extortionate interest rates. She accuses him of embezzlement. She blames him for the World Bank’s decision in 2012 to withdraw from a crucial bridge project over the Padma river, the main channel of the Ganges in Bangladesh, citing corruption. She hints that Mr Yunus might have betrayed his country, by somehow scheming with America to help it control the Bay of Bengal. Sheikh Hasina has long had it in for Mr Yunus. In 2011 she pushed for his removal as head of Grameen Bank; later the government took control of its board. His main offence may perhaps be that, back in 2007, during a grim period of military rule, he briefly toyed with the idea of entering politics. But it was never a very serious prospect; politics, he tells Banyan, “is not my cup of tea”. Now 83, Mr Yunus patently poses no direct threat to Sheikh Hasina. But that is not deterring the prime minister’s Awami League (AL) and the country’s compliant police and judiciary from redoubling the persecution that she has unleashed. Continued here Don't like ads? Go ad-free with TradeBriefs Premium China exports zero germanium and gallium in August as national security curbs bite - CNBC    China did not export any germanium and gallium products in August, after export curbs kicked into effect at the start of that month for these two chipmaking metals. Customs data on Wednesday showed that China exported zero germanium product last month, down from 8.63 metric tons in July, Reuters reported. July germanium exports were more than double that of June's, as purchases spiked ahead of the effective date for the curbs that are part of China's escalating war with the U.S. and its allies over access to strategic technology. Continued here South Korea says it 'will not stand idly by' if North Korea receives Russian help on nuclear weapons | CNN -     South Korean President Yoon Suk Yeol warned on Wednesday that his country and its allies “will not stand idly by” if North Korea receives Russian help to boost its weapons of mass destruction – just days after the leaders of the two nuclear-armed nations held a closely watched summit. North Korean leader Kim Jong Un traveled to Russia last week for a meeting with President Vladimir Putin. Ahead of the meeting US officials warned that the two leaders could strike a deal that would provide weapons for Moscow to use in its grueling war against Ukraine – and that could see sanction-hit Pyongyang gain access to vital Russian technology. Speaking at the United Nations General Assembly in New York, Yoon declared: “While military strength may vary among countries, by uniting in unwavering solidarity and steadfastly adhering to our principles, we can deter any unlawful provocation.” Continued here

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The Power of Hidden Teams | Instacart's founder is worth a cool $1.3 billion after IPO—and today he cut all ties with the company | China wants to be the leader of the global south

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� The Power of Hidden Teams - Harvard Business Review    Two nurses. Same job; different hospitals. One provides great care for patients, the other doesn’t. Why? Jordan has worked at Stanford Health Care as a clinical nurse in the orthopedic department for the past three years. In a recent interview with us, she described how thrilled she is to be in a role whose entire purpose is helping people get better one by one. In particular, she loves what she calls the interdisciplinary approach, in which the family, the case manager, the physical therapist, the physician, the occupational therapist, the social worker, and the nurse all come together to choose the best care for each patient. Fritz has been a clinical nurse for about the same amount of time, but he works for a different department in a different hospital. He works the same long hours Jordan does, but unlike her, he is not part of an interdisciplinary unit. He is merely one of 76 nurses, all of them assigned to rotating shifts whose members change from one week to the next, and all of them overseen by two administrators and one nurse supervisor. He is struggling. He embarked on his nursing career with as much passion to help people as Jordan did, but now he’s tired, burned out, and thinking about quitting. (Jordan is a real person, whereas Fritz is a composite of several nurses we spoke with.) Continued here � � Instacart's founder is worth a cool $1.3 billion after IPO—and today he cut all ties with the company - Fortune    Instacart co-founder Apoorva Mehta is checking out with a $1.3 billion fortune following the grocery-delivery company’s initial public offering. Mehta, 37, who stepped down as chief executive officer in August 2021, relinquished his board position as executive chairman as part of the IPO proceedings to current CEO Fidji Simo, a former Meta Platforms Inc. executive. The transition marks the end of Mehta’s 11-year tenure with the company he co-founded in 2012.  In the last decade, the startup has transformed from a Webvan clone to the largest grocery-delivery business in the US. Revenue grew 31% to about $1.5 billion in the six months ended June 30, powered in part by a pivot to a higher-margin advertising business.  Continued here � � � Don't like ads? Go ad-free with TradeBriefs Premium China wants to be the leader of the global south - The Economist    It is not every day that someone from Xi Jinping’s inner circle drops a reference to Zhou Enlai, Mao Zedong’s chief diplomat. Yet Zhou’s dapper ghost hung over a recent speech given in Havana to developing-world leaders by Li Xi, boss of the feared Central Commission for Discipline Inspection. Indeed, the whole speech was filled with nods to the past. Mr Li recalled mid-20th-century struggles for “national independence and liberation”. He mentioned the “Bandung Spirit” and “Five Principles of Peaceful Coexistence”. That refers to the Bandung Conference of 1955, at which Zhou committed China to a path of non-aggression and non-interference in the affairs of other Asian and African countries. The discipline-enforcement boss was sent to Cuba as Mr Xi’s personal envoy to a summit involving China and emerging economies from the G77 group. He promised that China will “always be part of the developing world and a member of the global south”, no matter how advanced it becomes. By way of explanation, Mr Li reached back into history. China is forever bound to other nations that fought colonial-era “exploitation and oppression”, he said. Mr Li, a member of the Politburo Standing Committee, the top leadership body, was not speaking off the cuff. Nor was his cold-war history lesson a one-off, inspired by the sight of shark-finned old Cadillacs chugging through Havana. China has launched a new, concerted campaign to present itself as a natural leader for the developing world, starting with countries that have painful memories of bullying by colonial powers or by America. Continued here

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Proper treatment for hypertension could avert 76 million deaths globally by 2050, WHO says | CNN | YouTube suspends Russell Brand’s revenues from his channel | Katy Perry reportedly makes $225m by selling her music catalogue

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You Might Like � � � You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium Proper treatment for hypertension could avert 76 million deaths globally by 2050, WHO says | CNN -     The dangerous effects of high blood pressure are highlighted in a new report by the World Health Organization that identifies the condition as one of the world’s leading risk factors for death and disability. Published Tuesday, WHO’s first report on the global impact of high blood pressure, also known as hypertension, offers recommendations on ways to combat the “silent killer.” Hypertension, categorized as a blood pressure reading of 140/90 mmHg or higher, affects 1 in 3 adults worldwide, according to the report. It commonly leads to a number of other health problems including stroke, heart attack, heart failure and kidney damage. Continued here You Might Like � � � � � � � � � YouTube suspends Russell Brand's revenues from his channel - the Guardian    Google-owned company says move is due to it 'violating our creator responsibility policy' YouTube has suspended Russell Brand's ability to earn money on the platform following allegations of rape and sexual assault in a massive hit to his finances. The video-sharing and social media site said it had suspended Brand's channel from the YouTube partner programme after serious allegations against him, meaning his videos are no longer able to be monetised on the platform. Continued here You Might Like � � � � � � � � � Katy Perry reportedly makes $225m by selling her music catalogue - BBC News    Katy Perry has sold a bundle of her music rights to Litmus Music, with multiple sources pricing the deal at $225m (£182m). The sale, which was announced on Monday, covers all five albums Perry released for Capitol Records, from 2008's One of the Boys to 2020's Smile. That includes multi-platinum hits like Firework, Teenage Dream, Hot 'n' Cold, California Gurls and I Kissed A Girl. Continued here

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