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Extra! Tabloids Welcome Princess Charlotte Elizabeth Diana

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The Daily Mail, May 5, 2015

Two days after finding out that "It's a girl," the world now knows what to call the second child of Prince William and Catherine, the Duchess of Cambridge: the baby Princess of Cambridge is named Charlotte Elizabeth Diana.

The British tabloids had plenty of fodder interpreting the choice, with the Daily Mail declaring that the third name was what mattered most. "For The Mother He Lost," was the daily's headline, referring to Lady Diana, who was killed in a Paris car crash in 1997. The naming showed Prince William's commitment "to ensure the attempts by a ruthless Establishment to airbrush his mother from her place in royal history are not just stalled but halted in their tracks."

At the same time, it appears the first name of the baby, Charlotte, has been chosen in honor of Lady Diana's estranged husband, and William's father, Prince Charles and her second name, Elizabeth, after the current Queen of England, her great-grandmother.

The four-day-old girl is now fourth in line to succeed Queen Elizabeth on the throne, after her grandfather, father, two-year-old brother, Prince George, and just before her uncle, Prince Harry.


ABOUT THE SOURCE: The Daily Mail is a leading daily tabloid in the United Kingdom. It was founded in 1896 and is based in London.

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Economy

Why A Xi Jinping Dinner In San Francisco May Have Sealed Mastercard's Arrival In China

The credit giant becomes only the second player after American Express to be allowed to set up a bank card-clearing RMB operation in mainland China.

Photo of a hand holding a phone displaying an Union Pay logo, with a Mastercard VISA logo in the background of the photo.

Mastercard has just been granted a bank card clearing license in China.

Liu Qianshan

-Analysis-

It appears that one of the biggest beneficiaries from Chinese President Xi Jinping's visit to San Francisco was Mastercard.

The U.S. credit card giant has since secured eagerly anticipated approval to expand in China's massive financial sector, having finally obtained long sought approval from China's central bank and financial regulatory authorities to initiate a bank card business in China through its joint venture with its new Chinese partner.

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Through a joint venture in China between Mastercard and China's NetsUnion Clearing Corporation, dubbed Mastercard NUCC, it has officially entered mainland China as an RMB currency clearing organization. It's only the second foreign business of its kind to do so following American Express in 2020.

The Wall Street Journal has reported that the development is linked to Chinese President Xi Jinping's meeting on Nov. 15 with U.S. President Joe Biden in San Francisco, part of a two-day visit that also included dinner that Xi had with U.S. business executives.

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