Chinese companies and tycoons rush to calm investors after SVB collapse sparks anxiety

hong kong CNN — The collapse of Silicon Valley Bank (SVB), which courted Chinese start-ups, has sparked widespread concern in China, where a series of founders and companies have rushed to appease investors claiming their exposure is insignificant or non-existent. SVB, which worked with nearly half of all venture capital-backed tech and healthcare companies in … Read more

Shipwreck in Italy: After a tragedy, no peace for the dead or the living

CNN — Two weeks after a boat full of migrants sank off the coast of southern Italy, there is still no peace for the living or the dead, and the missing – mostly children – continue to s wash up on the beaches. The latest – a girl aged five or six – was discovered … Read more

Hong Kong asks: what to do with 40,000 empty Covid quarantine units in the event of a housing shortage?

hong kong CNN — Behind the gleaming skyscrapers and multimillion-dollar homes that have made this city the world’s most expensive real estate market lies a far less appealing parallel reality: one of the world’s seemingly most intractable housing crises. . Welcome to Hong Kong, where the average house sells well north of a million dollars … Read more

Exclusive: ASML chip equipment maker suppliers eye Asian factories outside China amid tensions

HANOI/AMSTERDAM, March 10 (Reuters) – Suppliers to Dutch chip-making machinery giant ASML Holding NV (ASML.AS) are planning to build factories in Southeast Asia rather than China amid tensions policies between Beijing and the West, according to two sources and documents consulted by Reuters. Officials from a dozen tech companies are expected to travel to Vietnam, … Read more

ASML and Chinese customers haunted by uncertainty over new Dutch chip export rules

AMSTERDAM, March 9 (Reuters) – The Dutch government is yet to work out crucial aspects of new restrictions on chip technology exports to China, including whether ASML Holding NV (ASML.AS) can service chip machines. chip printing that the company has already sold in the country. “These details still need to be ironed out,” Dutch Trade … Read more

Analysis: Foxconn is racing to become an EV player and the clock is ticking

TAIPEI/DETROIT, March 6 (Reuters) – Foxconn wants to do for electric vehicles (EVs) what it did with the iPhone, but first it needs to find the next Apple – and fast. The Taiwanese subcontractor faces competition in the market for creating white-label electric vehicles that can be customized for customers, whether it is a major … Read more

Travel updates for March 2023

Spring is almost upon us, which means that many people want to travel during spring break to take advantage of the mild weather or to take advantage of off-season travel discounts. There are relatively few restrictions on international travel that can impact travel. However, some popular pre-pandemic destinations may still be difficult to reach. As … Read more

Abby Choi: What an influencer’s death and dismemberment say about life in ‘safe’ Hong Kong

Content Warning: This story contains descriptions of violence that readers may find disturbing. hong kong CNN — Hong Kong’s postcard image is of glitzy skyscrapers against lush mountains, dim sum restaurants and investment bankers in suits. But in recent weeks, the international financial center has once again made headlines for something darker: the death of … Read more

Nintendo Heirs’ Family Office Says Patience Is A Superpower

TOKYO, March 3 (Reuters) – The investment firm that manages nearly $1.5 billion in assets for members of Nintendo’s founding family is ready to play a long game when it comes to holding companies and may wait more than a decade to see a turnaround, a top executive said. This timeline helps explain why Yamauchi-No.10 … Read more

Yao Ming caught in the crossfire as Chinese basketball team quits top league on eve of Covid reopening

CNN — The return of China’s top basketball league to its normal season format after years of Covid disruption has been marred by controversy after an abrupt no-show by one of its former championship-winning teams amid accusations of ill-treatment by his star player. The row has sparked a headache for Chinese Basketball Association (CBA) boss … Read more