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European Economy and Markets

Expert: Cultural difference valuable for China-Europe cooperation [Video]

Cultural differences between China and European countries should not be considered as catalysts for more competition, says Cui Hongjian, director of the Department for European Studies at China Institute of International Studies (CIIS). Instead, countries

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European Economy and Markets

Police dismantle pro-Palestinian encampment at MIT, move to clear Philadelphia and Arizona protests [Video]

Police dismantled a pro-Palestinian tent encampment at the Massachusetts Institute of Technology early Friday and moved to clear protesters from University of Pennsylvanias campus in Philadelphia, hours after police tear-gassed protesters and took down an encampment at the University of Arizona.Video above: ‘We are not going to stop,’ student says after MIT encampment clearedIn Cambridge, Massachusetts, video showed police roaming through the MIT encampment and organizers said about 10 students had been detained. Police in riot gear arrived around 4 a.m., encircled the camp and gave protesters about 15 minutes to leave. A crowd outside the camp began gathering and chanting pro-Palestinian slogans but were dispersed by 6 a.m.At the University of Arizona in Tucson, campus police in riot gear fired tear gas late Thursday at protesters before tearing down an encampment that included wood and plastic barriers on campus. In statement, the University of Arizona said it made the decision because the encampment violated school policy.A structure made from wooden pallets and other debris was erected on campus property after 5 p.m. in violation of the policy, the school said in a statement. University officials issued warnings to remove the encampment and disperse. The warnings were ignored.The school also said that police vehicles were spiked, and rocks and water bottles thrown at officers and university staff.In Philadelphia early Friday, police detained people who were at an encampment that has been in place at the University of Pennsylvania for more than two weeks. Officers moved in after giving protesters a warning to leave campus or face possible arrest.Video below: MIT protesters, police clash; 9 arrestedTensions have ratcheted up in standoffs with protesters on campuses across the United States and in Europe. Some colleges cracked down immediately, while others have tolerated the demonstrations. Some have begun to lose patience and call in the police over concerns about disruptions to campus life and safety.The protest movement began nearly three weeks ago at Columbia University in New York City. It has since swept college campuses nationwide, with demonstrators generally seeking to draw attention to the deaths in the Israel-Hamas war or calling for their schools to stop doing business with Israel or divest from companies that support its war efforts. More than 2,500 people have been arrested.The move at MIT comes several days after police first attempted to clear the camp only to see protesters storm past barriers and restore the encampment, which includes about a dozen tents in the heart of the campus in Cambridge.Before removing the encampment, MIT earlier in the week had started suspending dozens of students involved in the encampment, meaning they wouldnt be able to take part in academic activities nor commencement.Protesters insisted the move would not stop them from demanding that MIT end all ties to the Israeli military. They encampment had been up for at least weeks and especially angered Jewish students, who have held counter protests near the camp.This is only going to make us stronger. They cant arrest the movement,” Quinn Perian, an undergraduate student at MIT and organizer for MIT Jews for Ceasefire, said. We are going to continue and wont back down until MIT agrees to cut ties with the Israeli military. MIT would rather arrest and suspend some students than they would end their complicity with the genocide going in Gaza.The encampment had been up for at least two weeks and especially angered Jewish students, who have held counterprotests nearby. They covered a lawn with small Israeli flags and put up posters of some of the people abducted by the militants in the attack that ignited the war in Gaza.MIT President Sally Kornbluth, working to strike a balance between recognize the suffering in Gaza but concerns about the “safety of our community warned Monday the encampment would have be removed.This prolonged use of MIT property as a venue for protest, without permission, especially on an issue with such sharp disagreement, is no longer safely sustainable, she wrote to the MIT community.

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European Economy and Markets

Top strategist on his bullish outlook for European stocks amid economic recovery – Video

Jeffrey Kleintop, chief global investment strategist at Charles Schwab, joins BNN Bloomberg to discuss his view on markets amid rate cut bets. Kleintop says the Fed is still likely to cut rates 2 or 3 times this year. When it comes to his top area for investing, he is looking at Europe as he expects the economic recovery will lead to an earnings growth rebound.