Jamie Dimon says it's a 'huge mistake' to think economy will boom with so many risks out there | China wants to choose the next Dalai Lama. He has other plans | France sets out plan to ban disposable vapes

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You Might Like � � � � � � � � � Don't like ads? Go ad-free with TradeBriefs Premium Jamie Dimon says it's a 'huge mistake' to think economy will boom with so many risks out there - CNBC    JPMorgan Chase CEO Jamie Dimon said Monday that while the U.S. economy is doing well, it would be a "huge mistake" to believe that it will last for years. Healthy consumer balance sheets and rising wages are supporting the economy for now, but there are risks ahead, said Dimon, who was speaking at a financial conference in New York. Topping his concerns include central banks reining in liquidity programs via "quantitative tightening," the Ukraine war, and governments around the world "spending like drunken sailors," the executive said. "To say the consumer is strong today, meaning you are going to have a booming environment for years, is a huge mistake," he said. Continued here You Might Like � � � � � � � � � China wants to choose the next Dalai Lama. He has other plans - The Economist    The boy’s existence had been little more than a rumour. When he appeared during a ceremony in March on a small throne below the Dalai Lama, the ageing leader of Tibetan Buddhism, the monks and nuns in the audience didn’t seem to recognise him. The boy, about eight years old with short black hair, wore a copper-tinted robe with oversized cuffs covering his hands and – as if to add to the mystery – a white mask over his face. Midway through the ceremony, held in Dharamsala, the north Indian refuge for Tibetan exiles, the Dalai Lama paused and gestured nonchalantly toward the boy: “We have the reincarnation of Khalkha Jetsun Dhampa Rinpoché of Mongolia with us today.” This was, in the world of Tibetan Buddhism, a mic-drop moment. The last Jetsun Dhampa – one of the religion’s most important figures – died in 2012. But the significance of the announcement was not only religious. The Dalai Lama had managed to outmanoeuvre China in the geopolitical chess game of reincarnation. Seven years ago, the Dalai Lama told a press conference in Mongolia that he was convinced Jetsun Dhampa’s reincarnation had been born in the country. “However, the boy is very young right now,” he said, “so there is no need for haste in making an announcement.” The Chinese government, which claims sole authority over all Tibetan Buddhist reincarnations, was incensed. It closed its main border crossing with Mongolia and delayed loan negotiations with the cash-strapped country. Continued here You Might Like � � � � � � � � � France sets out plan to ban disposable vapes - BBC News    France is set to ban disposable e-cigarettes - known locally as "puffs" - because of the danger they pose to the environment and public health. Speaking recently on RTL radio, Prime Minister Élisabeth Borne said the measure was part of a new anti-smoking plan being drawn up by the government. It should be in force by the end of the year, campaigners said. Several other countries in Europe, including Germany, Belgium and Ireland, have announced similar bans. The UK is also said to be considering one. Continued here

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