People's Daily Tonight: Podcast News (12/4/2018 Tue.)
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This is People’s Daily Tonight, your news source from China. 

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China's Tencent Music launches US IPO

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One of China’s leading online music platforms, Tencent Music Entertainment, filed for an initial public offering of up to $1.23 billion with the US Securities and Exchange Commission on Monday.

The music streaming platform plans to raise between $1.07 billion and $1.23 billion in the IPO.

The IPO would be among the largest by a Chinese company in the United States this year.

Bank of America, Deutsche Bank, Goldman Sachs, JPMorgan and Morgan Stanley are the lead sponsors of the deal. (Xinhua)

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Charter popularization week starts

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China launched the country's first "Constitution Week," scheduled from Sunday to December 8, to help people, especially those living along border areas, gain awareness of their legal rights and interests and root out factors of instability.

To mark the start of the campaign, about 100,000 lawyers from more than 400 cities across the nation, including Hohhot, North China's Inner Mongolia Autonomous Region, took an oath to be loyal to the Constitution, the country and its people, the Ministry of Justice said in a press release.

Lawyers from ethnic minorities also made the vow in their ethnic languages.

The event is part of a month-long publicity campaign for China's fifth Constitution Day, which falls on Tuesday, according to a circular issued jointly by the Publicity Department of the Central Committee of the Communist Party of China, the Ministry of Justice and the national office for law popularization. (Global Times)

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US Fed official says interest rates approaching neutral

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A senior US Federal Reserve official said that interest rates are approaching neutral.

But Federal Reserve vice chairman Randal Quarles said the concept of a neutral rate can be less useful after economic conditions become more normal.

He was explaining Chairman Jerome Powell' s latest comments on interest rates.

Fed officials estimate the neutral rate of interest is from 2.5 to 3.5 percent.

Powell said interest rates are "just below" the broad range of estimates of the level that would be neutral for the economy. (Xinhua)

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China, Spain hold medical rescue drill in Djibouti

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The Chinese People's Liberation Army (PLA) Support Base in Djibouti conducted a medical rescue drill with the Spanish navy on Saturday, improving the capability of regional joint humanitarian rescue efforts.
It is the first time that China's Support Base commanded a team of helicopters to transport injured people and land in the support base's airport, which explores a new type of joint overseas operation and provides valuable experience for humanitarian rescues at sea, as well as promotes communication and cooperation between the support base and the Spanish navy.
The drill was conducted in the Gulf of Aden and simulated conditions in a hurricane disaster. The Spanish navy amphibious ship Castilla received a large number of injured people and sent the medical rescue request to China's Support Base.
During the four-hour drill, the Chinese medical team held an emergency meeting with the medical staff on the Castilla and established a joint medical team. (Global Times)

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Marriott's workers reach tentative deal to end strike in San Francisco

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Marriott-affiliated hotel and hospitality workers in San Francisco reached a tentative agreement with hotel management, and end a 61-day strike.

A union of hospitality workers in San Francisco and San Mateo counties in northern California said they had struck an agreement with Marriott to end the city's largest hotel strike in decades.

The union said the strike entered its third month before the agreement was signed on Monday.

Nearly 2,500 Marriott employees participated in the massive demonstrations, who camped in front of the Palace Hotel in the city's downtown area and other hotels. (Xinhua)

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Indonesian police say 31 dead, 1 missing in Papua attacks

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Security forces are trying to recover the bodies of 31 workers who were killed in one of the worst separatist attacks in Indonesia's restive Papua province.

Police spokesman said Tuesday that 24 construction workers were killed Sunday when gunmen stormed a government bridge construction project in a mountainous village.

He said eight other workers fled to the nearby house of a local parliament member, but an armed group came a day later and killed seven of them. The eighth managed to escape and remains missing.

He said security forces were trying to recover all 31 bodies but they were scattered and guarded by gunmen in the district, a stronghold of separatists who have battled Indonesian rule in the impoverished region for nearly 50 years. (AP)

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Courts vow to fight dishonesty in workplace

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And Beijing courts vowed to fight dishonest behavior in employment disputes.

It said it hopes to uphold justice and help improve employer-employee frictions.

A court official said they have found more disputes from dishonest conduct in job seeking or employment.

Some people were taken to court after they falsifies resumes and educational certificates to obtain jobs or promotions, while some were accused by employers of breaching contracts, such as leaking their employers' business secrets. (China Daily)

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And that’s People’s Daily Tonight.  Thanks for joining us.

(Produced by David Nye and Zhan Huilan)