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Hong Kong’s first locally born giant pandas have finally been named and introduced as Jia Jia and De De.

The names of the cubs, affectionately known as “Elder Sister” and “Little Brother,” were announced Tuesday in a ceremony at Ocean Park, the theme park housing them, their parents and two other giant pandas that arrived from mainland China last year.

The names were the winning suggestions from residents in a naming contest that drew more than 35,700 entries.

The Chinese character “Jia,” from the female cub’s name “Jia Jia,” carries a message of support and features an element of family and a sense of auspicious grace. The name embodies the prosperity of families and the nation and the happiness of the people, the park said.

The Chinese character “De,” from the male cub’s name, means to succeed, carrying the connotation that Hong Kong is successful in everything. De also has the same pronunciation as the Chinese character for virtue, the park said, suggesting giant pandas possess virtues cherished by Chinese people.

Ocean Park chairman Paulo Pong said they followed tradition by using Mandarin pronunciation for the pandas’ English names. He said “Jia” sounds like a word in the Cantonese term for elder sister, while “De De” sounds a bit like the Cantonese phrase for little brother. Cantonese is the mother language of many Hong Kongers.

“It’s a very positive pair of names,” he said. “We have to be a bit creative here with the names.”

The twins’ birth in August made their mother, Ying Ying, the world’s oldest first-time panda mom. Their popularity among residents, visitors and on social media raised hopes for a tourism boost in the city, where politicians touted the commercial opportunities as the “panda economy.”

Observers are watching whether housing six pandas helps the park revive its business, especially when caring for the animals in captivity is expensive. Ocean Park recorded a deficit of 71.6 million Hong Kong dollars ($9.2 million) last financial year.

The park recorded a nearly 40% growth in visitor flow and 40% increase in overall income during a five-day holiday beginning May 1 in mainland China, said Pong, who hopes the growth momentum will continue through summer, Halloween and Christmas seasons.

Pandas are considered China’s unofficial national mascot. The country’s giant panda loan program with overseas zoos has long been seen as a tool of Beijing’s soft-power diplomacy.

This post appeared first on cnn.com

Germany and other Ukrainian allies have lifted restrictions on Kyiv firing long-range missiles into Russia for the first time, the German chancellor said Monday, after days of Russia bombarding the capital and other regions with massive aerial attacks.

It marks a significant change in approach from key allies, which until now had largely resisted Ukraine’s requests to use Western-supplied weapons deep inside Russia.

“There are no longer any range restrictions on weapons supplied to Ukraine,” German Chancellor Friedrich Merz said at a European forum in Berlin on Monday. “Neither from the British, nor from the French, nor from us. Nor by the Americans.”

“In other words, Ukraine can now also defend itself by attacking military positions in Russia, for example,” he added.

The announcement comes in the wake of record-breaking drone and missile attacks on Ukraine over the weekend. Russian President Vladimir Putin is facing international pressure to accept a ceasefire deal, including from US President Donald Trump, who has grown increasingly frustrated by the slow progress.

Merz was appointed chancellor several weeks ago – and his declaration stands in stark contrast with his predecessor Olaf Scholz, who had repeatedly rejected Ukraine’s calls to lift the restrictions.

However, Merz did not say whether Germany would supply Ukraine with its powerful long-range Taurus missiles – something he had supported when Scholz was still in power, Reuters reported.

The United States lifted its restrictions last November, with former President Joe Biden authorizing Ukraine to use the US-supplied long-range Army Tactical Missile Systems, or ATACMS, inside Russia.

But that, too, was a controversial decision that took months of discussion to reach. The US refused to even provide ATACMS to Ukraine for the first two years of the war, only delivering the missiles for the first time in April 2024. Some American officials worried about escalating the war, now in its fourth year, while others worried about the Pentagon’s dwindling weapons stockpiles.

Russia has openly threatened that any lifting of restrictions on long-range weapons would mean war with NATO. Putin has warned the West that Moscow would consider any assault supported by a nuclear power to be a joint attack – and that Russia could use nuclear weapons if it was struck with conventional missiles.

Kremlin spokesperson Dmitry Peskov slammed Merz’s announcement on Monday, saying the lifting of restrictions was “rather dangerous,” according to Russia’s state-owned news agency TASS.

“If such decisions are made, they will absolutely go against our aspirations to reach a political settlement and the efforts being made within the framework of the settlement,” he said, according to TASS.

Ukraine’s President Volodymyr Zelensky is expected to visit Berlin on Wednesday, Reuters reported, citing several sources.

Russia’s attacks over the weekend killed more than two dozen people, including children, as Ukraine urged Western allies to continue pressuring Moscow to end the war.

“Without really strong pressure on the Russian leadership, this brutality cannot be stopped,” Zelensky said on Sunday.

Trump on Monday voiced increasing frustration with Putin, saying the Russian leader had “gone absolutely crazy” – while also criticizing Zelensky’s statements as causing “problems.”

Pressure is also building from within Trump’s Republican base, with a number of congressmen – including Sens. Chuck Grassley and Lindsey Graham, and Reps. Brian Fitzpatrick and Don Bacon – urging the president to impose stringent sanctions on Russia.

“It is a time for honesty. Peace talks are having zero effect on Putin,” Bacon wrote on X. “The US and allies must arm Ukraine to the teeth.”

This post appeared first on cnn.com

India’s defense minister has approved a framework for building the country’s most advanced stealth fighter jet, the defense ministry said on Tuesday, amid a new arms race with Pakistan weeks after a military conflict between the neighbors.

Indian state-run Aeronautical Development Agency, which is executing the program, will shortly invite initial interest from defense firms for developing a prototype of the warplane, envisaged as a twin-engine 5th generation fighter, the ministry said.

The project is crucial for the Indian Air Force, whose squadrons of mainly Russian and ex-Soviet aircraft have fallen to 31 from an approved strength of 42 at a time when rival China is expanding its air force rapidly. Pakistan has one of China’s most advanced warplanes, the J-10, in its arsenal.

Militaries of nuclear-armed neighbors India and Pakistan faced-off in four days of fighting this month, which saw use of fighter jets, missiles, drones and artillery by both sides before a ceasefire was announced by US President Donald Trump.

It was the first time both sides utilized drones at scale and the South Asian powers are now locked in a drones arms race, according to Reuters’ interviews with 15 people, including security officials, industry executives and analysts in the two countries.

India will partner with a domestic firm for the stealth fighter program, and companies can bid independently or as a joint venture, the defense ministry said in a statement, adding that the bids would be open for both private and state-owned firms.

In March, an Indian defense committee had recommended including the private sector in military aircraft manufacturing to shore up the capabilities of the Indian Air Force and reduce the burden on state-owned Hindustan Aeronautics Ltd, which makes most of India’s military aircraft.

Air Chief Marshal Amar Preet Singh has previously criticized Hindustan Aeronautics for slow delivery of light combat Tejas aircraft, a 4.5 generation fighter, which the firm blamed on slow delivery of engines from General Electric GE.N due to supply chain issues faced by the US firm.

This post appeared first on cnn.com

India’s financial capital and one of its largest cities has experienced its wettest May in more than a century, with the unusually early arrival of the monsoon season causing a ferocious weekend downpour that turned roads into rivers and flooded a newly inaugurated underground train station.

Mumbai, a city of more than 12 million, has recorded more than 400 millimeters of rainfall this month so far, according to data from the Indian Meteorological Department (IMD), with much of the downpour arriving late last weekend.

The deluge caused chaos and delays across transport networks, including at the newly inaugurated Worli Metro Station.

Video published by local media outlets showed travelers wading knee-deep in flood water, water gushing down a station staircase, and water leaking heavily from the ceiling onto a train platform.

India’s $4 trillion economy is heavily dependent on the monsoon, which brings rains that farmers depend on to support the country’s agricultural sector, which employs nearly half of the country’s 1.4 billion people.

The rains, which usually arrive in June and last through September, are needed to grow crops, irrigate farmland and replenish India’s reservoirs. But this year’s early arrival has caused havoc across Mumbai, India’s finance capital and home to its vaunted Bollywood film industry, flooding roads and submerging cars.

Some experts say that global warming is increasing the variability of India’s monsoon rains faster than previously projected.

The onset of the southwest monsoon in Mumbai on May 26 is the earliest advancement over the city since 1950, Nair said.

Each year the monsoon causes chaos across Mumbai, particularly for commuters travelling on its hectic, overcrowded public transport system.

Last year in May, heavy rains caused a huge billboard to collapse, killing at least 14 people and injuring dozens more.

Prime Minister Narendra Modi inaugurated the Worli Metro station just earlier this month, part of his ambitious plan to modernize India’s aging transport network and transform the country’s infrastructure to achieve his goal of turning it into a developed nation by 2047.

Further rains are forecast for the region this week, the IMD said, potentially causing further flooding.

The southern state of Kerala over the weekend also saw an unusually early arrival of the monsoon, bringing some respite after experiencing days of an unrelenting heatwave.

Indian capital New Delhi last week also experienced widespread rain, lightning, and thunderstorms, causing a canopy at the city’s airport to collapse from waterlogging.

This post appeared first on cnn.com

On Wednesday, only 4% of the S&P 500’s holdings logged gains — a pretty rare occurrence. Since the start of 2024, this has only happened three other times:

  • August 5, 2024: The last day of the summer correction
  • December 18, 2024: The Fed’s hawkish cut
  • April 4, 2025: Tariffs

Let’s recall that major trading lows were etched last August, and again just a few weeks ago in early April. The S&P 500 ($SPX) dropped 10% and 21%, respectively, from its peak to trough both times, with the lows being marked by emphatic capitulation events (April 7 was the real pivot low). The market’s rubber band violently snapped back in the ensuing weeks, both times.

FIGURE 1. PAST LOWS IN THE S&P 500 INDEX. Note the rebounds following the August 5, December 18, and April 4 drops.With the SPX now having gained 20% from the April low, the setup is more like mid-December 2024. The index had just gained 19% from early August through early December and was hovering near 6,100. The FOMC’s actions put a major dent in the calm uptrend.

The S&P 500 didn’t completely crumble after that, spending the next 10 weeks backing and filling. But the market’s character changed, and the cracks eventually gave way to the waterfall decline.

So, what does that tell us about this moment? There’s a clear risk given the one-sided advance the last few weeks, but, with bullish patterns still in play and the $SPX having built up a big cushion, it can afford to back and fill again now. It’s the first gut punch in four weeks, and the market must prove it can absorb it.

Short-Term View of the S&P 500

The drawdown measured from this Monday’s high now stands at -2.4% — most of which happened on Wednesday. Given how small the moves have been over the last few weeks, Wednesday’s big decline hit the 14-period relative strength index (RSI) on the two-hour chart very hard. It’s now at 41, which is very close to the 30-oversold threshold.

Again, we’ve seen the short-term indicator fall to oversold territory several times, even during the market’s upswing from August through December. Seeing that happen again this time wouldn’t be a surprise. If it happens, it will be important to see the ensuing bounce pull the SPX back to overbought territory relatively soon. Remember, we went nearly four months between overbought readings from late January through mid-May.

FIGURE 2. TWO-HOUR CHART OF THE S&P 500 WITH RSI.

S&P 500 Patterns

Despite the sell-off, there was no change in the patterns at work. The two bullish patterns remain in play, with targets of 6,125 and 6,555, respectively. The S&P 500 started Thursday, at about 2.5% above the last breakout zone (5,695).

FIGURE 3. DAILY CHART OF THE S&P 500 WITH BULLISH PATTERNS. Here you see the pattern with a 6,125 target.

FIGURE 4. DAILY CHART OF S&P 500 WITH 6,555 PRICE TARGET.

Monitor the VIX

Not surprisingly, the Cboe Volatility Index ($VIX) gained 15% on Wednesday in response to the market’s sell-off. It remains close to 20, but continues to log higher lows, which has been the trend since late 2024. Indeed, it’s way off spike highs from April, but it’s a trend worth watching.

Let’s recall that the VIX never truly capitulated in 2022, but its trend of higher lows coincided with the equity market’s downtrend. When the SPX logged a true low in October 2022, lower lows in the VIX became evident. This lasted through this past summer.

If the snapback in the SPX turns into a longer, new uptrend, the VIX’s uptrend will morph into a downtrend again.

FIGURE 5. WEEKLY CHART OF THE CBOE VOLATILITY INDEX ($VIX).

Bonds Display Bullish Patterns

The bullish pattern in the weekly 30-Year Treasury yields and 10-Year Treasury yields is crystal clear. An acceleration through the 2023 highs after Wednesday would have an obvious negative effect on stocks.

As discussed before, the equity market has shown it can advance with higher rates, as long as said rates go higher gradually. The intermittent up-moves in rates have been capped for the last two years as well. Thus, stocks have been able to withstand it. That wasn’t the case from January to September 2022, and that’s the potential concern.

FIGURE 6. WEEKLY CHART OF THE 30-YEAR US TRASURY YIELD INDEX.

FIGURE 7. WEEKLY CHART OF THE 10-YEAR US TREASURY YIELD INDEX.

Bitcoin Holding Strong

So far, Bitcoin has maintained noticeable relative strength even as stocks got hit hard on Wednesday. Simply put, continuing to hold above this breakout zone would keep the new measured move target of 142k in play.

FIGURE 8. WEEKLY CHART OF $BTCUSD WITH ITS MEASURED MOVE TARGET.

From another perspective, this move can also be viewed as the fourth wedge breakout since 2023. The prior three times, BTC’s 14-week RSI stayed very overbought for weeks before slowing down. The 14-week RSI is just approaching overbought levels, which suggests it has further to go.

FIGURE 9. WEEKLY CHART OF $BTCUSD WITH WEDGE BREAKOUTS AND RSI.

My main question going into this weekend was, “Will the S&P 500 finish the week above its 200-day moving average?” And while the S&P 500 did indeed finish the week above this long-term trend barometer, our main equity benchmark is now within the gap range from earlier this month.

We’ll get to that crucial S&P 500 chart a little later, but first, I’d like to explain why gaps matter, why the price action post-gap is so important, and then apply these lessons to the SPX.

The “Gap and Run” Scenario Suggests an Influx of Buyers

One of two things tends to happen after a gap higher within an uptrend phase. The first scenario, which I call a “gap and run” pattern, is when additional buyers come in to push the price even higher.

Microsoft Corp. (MSFT) features this gap and run pattern, with the gap higher on their Q1 earnings report followed by an additional appreciation in price.  Basically, investors are not afraid to accumulate more MSFT, even after the stock gapped up from $395 to $430 overnight.


Did you catch our recent webcast, “Sell in May 2025: Seasonal Strategy or Outdated Myth?” We looked at the performance in May-June-July since the COVID low, then made a comparison between 2025 and the first half of 2022, when a break below the 200-day moving average was a sign of much further deterioration to come.  Check out this excerpt on our YouTube channel!


Shares of Howmet Aerospace (HWM) demonstrated a similar gap and run pattern recently, although this example is perhaps even more significant because the gap took the price to a new all-time high! Again, we can see that additional buyers are coming in and accumulating more HWM, fueling further gains after the gap.

The “Gap and Fail” Pattern Shows a Lack of Willing Buyers

Sometimes, a chart will show a very different path after the gap, forming what I’ve termed a “gap and fail” pattern.  Unlike the previous examples, here you’ll see that a lack of willing buyers causes the stock to quickly reverse lower into the range of the price gap.

In the case of semiconductor producer Monolithic Power Systems (MPWR), the gap higher earlier this month was followed by two additional up days, which propelled the stock above its 200-day moving average. This short-term pop higher was followed by a sudden downside reversal, representing an exhaustion of buyers after the upside gap.

First Solar (FSLR) is demonstrating a similar pattern to MPWR, with a gap higher which pushed the stock just above the 200-day moving average to test the 38.2% Fibonacci retracement level. A couple days later, FSLR was back below the 200-day moving average, followed by further deterioration that eventually closed the gap from earlier in May.

The S&P 500 Could Test Its Own Gap Support

So what do those example charts have to do with the S&P 500? Well, the SPX traded higher for about a week after the upside gap in early May. We’ve drawn a green-shaded range to highlight the gap from around 5725 to 5780. This gap includes the 200-day moving average and also lines up with the late March swing high.

I see the S&P 500 as in a constructive pattern as long as it remains above this price gap range. If we can see an upswing after this week’s pullback, then this could just be a pause within a broader recovery phase for the S&P.

On the other hand, if we see any further price weakness from the major benchmarks next week, then the chart of the S&P 500 will start to look pretty similar to other “gap and fail” charts that confirm a lack of willing buyers. If we do see that downside follow-through next week, we’d expect further deterioration to the 5500 level, representing a 50% retracement of the February to April selloff phase.

RR#6,

Dave

P.S. Ready to upgrade your investment process? Check out my free behavioral investing course!


David Keller, CMT

President and Chief Strategist

Sierra Alpha Research LLC

marketmisbehavior.com

https://www.youtube.com/c/MarketMisbehavior


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.

In order to invest or trade successfully, you have to have conviction. Conviction does not equal stubbornness. It’s very important to remain objective and occasionally question your conviction and adjust your strategy from time to time if signals warrant it. But I cannot trade personally if I believe there’s a 50/50 chance the market is going higher. That doubt will resonate with each and every swing in the market. I’ll chase at the wrong time and get whipsawed out of positions.

Instead, I evaluate those signals that work best for me – the same signals that have allowed me go against the grain and call significant market tops and bottoms over the past 5-7 years. Few were saying it was time to be long in early April, but I was quite clear. Topping signals were just as evident to me earlier this year, leading me to tell EarningsBeats.com members that I was 100% cash at the end of January. The technical confirmation of a market top occurred on Friday, February 21st. I published my belief of that confirmed market top in this same blog – again rather clearly:

You can click on this headline and read the whole story, if you’d like. After letting EB.com members know that I was fully committed on the long side in early April, because of bullish market maker manipulation, I have continued to track that market maker manipulation. Through Friday, it’s still telling me the same thing – BUY US STOCKS!

The Manipulation Continues

Listen, we’ve seen a massive run higher off that early-April low and profit taking and pullbacks will occur. That cannot deter us and should not be misconstrued as distribution ahead of a major market decline. In fact, there are a lot of technicians and market analysts talking about the big selling that’s taken place over the past week and how that will lead to further selling ahead. I completely disagree with this crew. We’ve seen almost zero selling or distribution in recent days. What we’ve seen are more gap downs, just like the ones that occurred after the March 13th low. Those opening and early morning selloffs saw subsequent buying throughout trading sessions. Check out the accumulation/distribution indicator on both the S&P 500 and NASDAQ 100 below:

S&P 500

You can see the AD line take a bit of a hit during the true period of distribution in 2025. Currently, however, the AD line is very near its all-time high. Last week (since Monday’s close), the SPY lost 15.74, falling from 594.85 to Friday’s close at 579.11. That was roughly a 2.5% pullback, but here’s what’s interesting. The SPY had gap downs the past four trading days that totaled 13.65. Nearly all of last week’s drop occurred at the opening bell. There was little selling during the trading day. We track this manipulative behavior in our “2025 Key Stocks Manipulation” excel spreadsheet, which we update for our members every Monday morning, so our members can clearly see the manipulation taking place on the SPY, QQQ, IWM, and 11 individual stocks, including Mag 7 stocks and a few others. It’s independent research and has helped us completely ignore the bearish and biased media. They’re interested in viewership and clicks and will scare the heck out of everyone to achieve their own selfish, money-making goals. EarningsBeats.com is interested in helping folks navigate a landscape designed to misinform and mislead. We’re interested in making money, that’s it. Follow the charts, not the headlines.

NASDAQ 100

The AD line exploded higher on the NASDAQ 100, mostly because Mag 7 stocks were heavily accumulated during the early-April massacre. The same thing occurred in March 2020 during the pandemic, prior to these stocks skyrocketing later in 2020. Then we saw a repeat in 2022, before a massive explosion higher in 2023. Once again, we’re seeing Wall Street’s “rinse and repeat” strategy of effectively stealing shares from unsuspecting retail traders. And once again, these stocks have been flying again.

It’s up to us to learn these lessons and not make the same mistakes over and over again during cyclical bear markets. At EarningsBeats.com, we take advantage of these selloffs before they occur. First, we move to cash. Next, we watch the stocks tumble. Third, we buy back in much cheaper at the same time that Wall Street does. Doesn’t this sound like a much better strategy? Follow what Wall Street is buying, not what they’re saying.

This manipulation applies to an even greater extent to individual stocks. One of my favorite stocks has been ridiculously-manipulated in 2025. Over the past four trading days, while the S&P 500 has been under pressure, this stock has gapped down 3.13, but has moved 8 bucks higher during the trading day. It’s one of our 12 individual stocks that we track each week and showed the most manipulation last week. Its AD line is soaring again and its relative strength vs. its industry peers has exploded higher since the first week of March. Owning stocks like this help us significantly outperform the S&P 500.

I’m featuring this stock in our FREE EB Digest newsletter on Tuesday morning. To register for our newsletter and receive this stock Tuesday morning before the market opens, simply CLICK HERE and provide your name and email address. Again, it’s free, there’s no credit card required, and you may unsubscribe at any time.

Our Spring Special, HUGE Savings

We run specials from time to time to allow new members an opportunity to enjoy our service for a year at a major discount. We started our annual Spring Special this past week and it runs through Monday at midnight. If you’d like to change your approach to the stock market and be more proactive, please consider taking advantage of this special. For more information and to Start Your Annual Membership Today, follow this link.

Happy trading!

Tom

The bodies of five skiers have been found on a glacier near the Swiss mountain of Rimpfischhorn, police announced on Sunday.

The bodies were found after two other skiers raised the alarm, saying that they had seen skis at the foot of the summit of the mountain, but had not come across the owners of them, the police statement said.

A rescue helicopter with medical professionals on board immediately flew over the area and the five bodies were “quickly discovered,” the statement continued.

Three of the bodies were found some 500 meters (roughly 1640 ft) from where the skis were located, Swiss broadcaster Radio Télévision Suisse (RTS) reported. The two other bodies were found nearly 200 meters (roughly 656 ft) higher, on a small, snow-covered area, it added.

Formal identification of the victims is ongoing. The Attorney General has opened an investigation to determine the exact circumstances of the accident, police said.

This post appeared first on cnn.com

Venezuelans on Sunday for the first time elected a governor and other lawmakers for Essequibo, an oil-rich region that Venezuela has laid claim to even though it is widely recognized as being part of neighboring Guyana.

Essequibo’s 125,000 inhabitants, who account for more than 15% of the English-speaking country’s population, did not take part in Sunday’s election.

The vote, which was widely criticized by Guyanese officials, instead saw Venezuelans pick a new governor, six deputies to the National Assembly of Venezuela, and seven to a regional legislative assembly. It is unclear how the officials, once elected, plan on running the territory, which Guyana governs.

The election is the latest provocation in a long-running territory dispute between Venezuela and Guyana.

It comes more than a year after Venezuelan President Nicolás Maduro ordered the creation of a new state within the territory, which is roughly the size of Florida, called “Guayana Esequiba,” following a referendum that saw Venezuelan voters approving the move.

Guyana had called Venezuela’s actions a step towards annexation and an “existential” threat as the specter of armed conflict loomed over the region.

Maduro first announced in January that a vote would be held for the region as part of a larger election for governors and lawmakers across the country. “I call for freedom of conscience for the people and for the people to elect the best for the governorships of the 24 states,” Maduro said on Telegram ahead of Sunday’s election, referring to Essequibo as the nation’s 24th state.

The vote has put Guyana on high alert, with its President Irfaan Ali on Saturday calling the poll “scandalous, false, propagandistic (and) opportunistic.”

Guyana is home to vast oil reserves and is on track to become the world’s highest per capita oil producer. It, however, has an army estimated to be less than 5,000 soldiers, and lacks the hardware or manpower to face possible Venezuelan aggression.

The country in the meantime has sought closer military cooperation with the United States amid the threats from Venezuela.

On Sunday, the US State Department’s Bureau of Western Hemisphere Affairs called the election a “sham” on X. “The United States rejects all attempts by Nicolas Maduro and his illegitimate regime to undermine Guyana’s territorial integrity, including this latest sham election in the Essequibo region,” it wrote.

Venezuelan Defense Minister Vladimir Padrino López pushed back against the criticism on Sunday, saying, “We are supported by historical, legal, and moral grounds regarding that territory.”

Decades-long claim

Venezuela has claimed Essequibo as its own for decades, arguing that it was within its borders during the Spanish colonial period. It has dismissed an 1899 ruling by international arbitrators that set the current boundaries when Guyana was still a British colony.

Guyana has controlled the region since gaining independence in 1966. The recent discovery of vast offshore oil fields in the area has heightened the stakes in the dispute.

In 2018, Guyana filed an application with the International Court of Justice to try to validate the 1899 decision. The case is still under review. Pending a final decision, the court ordered earlier this month that Venezuela refrain from holding elections in the territory. But Caracas has rejected the court’s jurisdiction over the matter.

On Saturday, the night before Venezuela’s election and two days ahead of Guyana’s Independence Day, Guyanese officials held a National Patriotic Concert in Essequibo to affirm their sovereignty over the land.

The event drew thousands of people who were seen waving the Guyanese flag and wearing shirts that read: “Essequibo is Guyana’s.”

“Essequibo belongs to Guyana and we are going to do everything to ensure that Essequibo will forever be part of our 83,000 square miles,” President Ali told crowds of cheering supporters.

This post appeared first on cnn.com

Pope Leo XIV asked Sunday for prayers for China’s Catholics to be in communion with the Holy See, as he made his first public remarks about one of the thorniest foreign policy issues facing his new pontificate.

History’s first American pope recalled that on Saturday the Catholic Church marked a special feast day to pray for the church in China. Pope Benedict XVI had initiated the feast day as part of his efforts to unify China’s estimated 12 million Catholics who were divided between an official, state-controlled church that didn’t recognize papal authority, and an underground church that remained loyal to Rome through decades of persecution.

Leo noted that on the feast day “in the churches and shrines in China and throughout the world, prayers have been raised to God as a sign of the solicitude and affection for Chinese Catholics and their communion with the universal church.”

Speaking from his studio window during his noontime blessing, Leo prayed that Catholics in China and elsewhere “obtain the grace to be strong and joyful witnesses of the Gospel, even in the midst of trials, to always promote peace and harmony.”

Pope Francis took Benedict’s unifying efforts further by approving a controversial deal in 2018 over bishop nominations. The details of the deal were never released, but it affords the state-controlled church a say in its church leaders, though Francis insisted he retained veto power over the ultimate choice.

The deal has been criticized by some, especially on the Catholic right, for having caved to Beijing’s demands and sold out the underground faithful in China. The Vatican has said it was the best deal it could get and it has been renewed periodically since then.

Leo will have to decide whether to continue renewing the accord. There have been some apparent violations on the Beijing side with some unilateral appointments that occurred without papal consent. The issue came to a head just before the conclave that elected Leo pope, when the Chinese church proceeded with the preliminary election of two bishops, a step that comes before official consecration.

Leo told the archbishop of Hong Kong, Cardinal Stephen Chow, that he had “visited China several times and got to know the Chinese culture and reality,” according to the Fides missionary news agency, citing comments Chow made in his diocesan weekly newsletter after the conclave.

Chow added that he expected Leo would follow Francis’ direction for the church in China. He said he had given Leo a small statue of Our Lady of Sheshan, a statue of the Madonna that is particularly venerated by Chinese faithful and is celebrated on the feast day, May 24.

Chow, a Jesuit, said he had implored Leo “to not forget the church in China and the Chinese people,” according to the newsletter. “He nodded his head to indicate that he will not forget,” according to Fides.

The Vatican has been working for years to try to improve relations with China that were officially severed over seven decades ago when the Communists came to power. Relations had long been stymied over China’s insistence on its exclusive right to name bishops as a matter of national sovereignty, while the Vatican insisted on the pope’s exclusive right to name the successors of the original Apostles.

The 2018 deal was aimed at uniting the flock, regularizing the status of seven bishops who weren’t recognized by Rome and thawing decades of estrangement between China and the Vatican.

This post appeared first on cnn.com