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☆ Developing Taiwan’s own ‘Starlink’ crucial for island-wide emergency, space agency says
▼ + stars: | 2024-05-04 | by ( Eric Cheung | ) edition.cnn.com time to read: +9 min

“The communication satellite is very important for our communication resilience during urgent periods,” Wu said, calling it his agency’s most sensitive project. Taiwanese authorities previously announced the space agency would develop two communication satellites, the first of which could be launched by 2026. Wu Jong-shinn, director general of the Taiwan Space Agency, speaks to CNN on March 5, 2024 in Hsinchu, Taiwan. In the future, Taiwan’s satellite system could replace third-party deals, but Wu, the space agency director, declined to provide more specific details about the project’s timeline. A rocket model in development at the Taiwan Space Agency on March 5, 2024 in Hsinchu, Taiwan.

Persons: Taiwan CNN —, Wu Jong, shinn, Elon, Wu, ” Wu, ” Starlink, Heidi Levine, John Mees, CNN Brad Tucker, you’re, ”, Su, yun, OneWeb, Sam Yeh, Lai Ching, Tsai Ing, Taiwan’s, “, CNN’s Will Ripley Organizations: Taiwan CNN, Taiwan Space Agency, CNN, Musk’s SpaceX, SpaceX, Ukrainian, The Washington Post, Communist Party, Institute for National Defense and Security Research, Australian National University, Taiwan’s Institute for National Defense and Security Research, Getty, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Triton Locations: Hsinchu, Taiwan, China, Gaza, Beijing, London, Xiamen, Taiwan's, AFP, Guiana, South America

Hualien, Taiwan CNN —Wu was preparing breakfast for guests at the small hotel he runs in Taiwan’s Hualien County when the shelves around him shook violently and the mountain behind his house roared. “It’s not too bad.”Video Ad Feedback Rescue efforts underway in Taiwan after deadly earthquake 02:54 - Source: CNNA checkpoint is set up outside Taroko Gorge just north of Hualien city in Taiwan. Yan Zhao/AFP/Getty ImagesWorkers demolish a damaged building following the earthquake in Hualien County, Taiwan on April 4, 2024. Annabelle Chih/Getty ImagesTaiwan’s recent push for preparedness comes from the hard lessons learned from the devastating quake 25 years ago, experts say. That quake left more than 100,000 buildings across Taiwan completely or partially collapsed, including nearly 300 schools.

Persons: Taiwan CNN — Wu, Wu, “, ”, It’s, Annabelle Chih, Chong, “ I’ve, Hualien . Yan Zhao, Tyrone Siu, Daniel Aldrich, Sam Yeh, Aldrich, ” Aldrich, “ They’ve, –, Wei Chia, Wei Organizations: Taiwan CNN, CNN, ”, Getty, Workers, Reuters, Northeastern University Locations: Hualien, Taiwan, Taiwan’s Hualien County, Taroko, Hiroshima, Hong Kong, Shanghai, “, Hualien . Yan, AFP, Hualien County, Haiti, India, China, Taipei

☆ Hualien earthquake: Dozens rescued after major Taiwan quake but more than 100 still cut off
▼ + stars: | 2024-04-03 | by ( Helen Regan | Nectar Gan | ) edition.cnn.com time to read: +6 min

“But people are safe, so that’s fortunate.”Workers demolish a damaged building following the earthquake, in Hualien, Taiwan April 4, 2024. A rescue worker stands near the cordoned off site in the aftermath of an earthquake in Hualien, eastern Taiwan on Wednesday, April 3, 2024. Wednesday’s quake is the strongest to hit Taiwan since 1999, according to the Central Weather Administration. That year, a 7.7 magnitude quake hit south of Taipei, killing 2,400 people and injuring 10,000 others. A magnitude 6.2 quake hit near the area in 2018, killing at least 17 people and injuring more than 300 others.

Persons: Hong Changyi, ”, Tyrone Siu, rockfall, Johnson Lai, “ They’ve, Taiwan —, Sam Yeh, Yu, Lin Chih, cheng Organizations: CNN — Rescue, Hong, CNN, Workers, National Fire Agency, SET, Central News Agency, Video, CNA, Reuters, Getty, Hualien Fire Bureau, Central Weather Administration, Taiwan’s Professional Civil Engineers Association Locations: Taiwan, Hualien County, Hualien, Taroko, AFP, ”, Zhonghe, Taipei, Hualien City, Lin, China

☆ Tech guru Cathie Wood says Nvidia is the Cisco of the AI boom and warns its growth may falter
▼ + stars: | 2024-03-08 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Cathie Wood's outlook for Nvidia is slower growth, weaker demand, and fiercer competition. Wood has cut her exposure to Nvidia as she believes the market's hopes may be overblown. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementCathie Wood has sounded the alarm on Nvidia, warning its spectacular growth is likely to slow, and comparing its stock surge to Cisco during the dot-com bubble. Indeed, Nvidia stock has soared almost 90% this year, boosting the company's market capitalization to more than $2 trillion.

Persons: Wood, —, Cathie Wood, hasn't, Tesla, Jensen Huang, Sam Yeh Organizations: Nvidia, Ark, Service, Cisco, Ark Invest, Oracle, AMD, Getty, Apple Locations: AFP

Boat tours around Kinmen are still operating, though under a closer watch by Taiwan’s coast guard. Officers visit each boat before they set sail and warn captains not to stray into Chinese waters. “In the past, whenever a mainland ship crossed the median line (into Taiwan’s waters), our cannons would fire toward it without warning,” Hung said. On Monday, five Chinese coast guard ships entered prohibited or restricted waters around Kinmen, but left shortly after being warned away by Taiwan’s coast guard, according to a Taiwan minister. Last week, Chinese coast guard officers boarded a Taiwanese tour boat for inspection, an unprecedented move that startled passengers on board.

Persons: ”, Hung Ho, cheng, Hung, Mao Zedong’s, Chiang Kai, John Mees, Kinmen, ” Hung, Sam Yeh, Kuan, ” Kuan, Chang, Wu Chia, chiang Organizations: Taiwan CNN —, Residents, Mao Zedong’s Communist, Nationalist, CNN, Mao’s Communist, Taiwan, Taiwan’s Ocean Affairs Council, Tourism Association Locations: Kinmen, Taiwan, China, China’s, Beijing, It’s, Staten Island, “, Taipei, Xiamen, AFP, Taiwanese, China's Xiamen

☆ Fate of U.S. aid to Ukraine package discussed on Taiwan trip, lawmakers say
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: +2 min

The Republican Speaker of the U.S. House of Representatives, Mike Johnson, has so far blocked passage of the bill that includes $60 billion in new funding for Ukraine. Former Republican President Donald Trump opposes aid for Kyiv. "Every single meeting we had in Taiwan focused on Ukraine for at least part of the meeting. The lawmakers meetings in Taipei included President Tsai Ing-wen and president-elect Lai Ching-te, who won election last month and takes office in May. The committee's chair, Republican Congressman Mike Gallagher who is leading the delegation Krishnamoorthi is on, said what happened to Ukraine mattered to Taiwan.

Persons: Mike Gallagher, Han Kuo, Sam Yeh, Mike Johnson, Donald Trump, Krishnamoorthi, Putin, Xi, Vladimir Putin, Tsai Ing, Lai Ching Organizations: of, Kuomintang, KMT, Afp, Getty, U.S, Republican, U.S . House, Ukraine, Kyiv, Democratic Locations: Taipei, China, Taiwan, U.S, Ukraine

☆ Major companies in China are setting up their own volunteer armies
▼ + stars: | 2024-02-21 | by ( Laura He | ) edition.cnn.com time to read: +12 min

Hong Kong CNN —Chinese companies are doing something rarely seen since the 1970s: setting up their own volunteer armies. According to China’s Military Service Law, male militia members should be 18 to 35 years old. It was latest in a slew of militias established by major Chinese companies in the past year. After 1949, when the party took control of mainland China, the units were eventually embedded into governments, schools and companies. This can, in the long run, save the PLA resources by delegating some duties to militia forces to care for,” Heath said.

Persons: Xi, ”, Neil Thomas, Nuo Nuo, Huang Zhiqiang, Qilai Shen, Liu Jie, Mao Zedong, Mao, Timothy Heath, homebuyers, Heath, ” Heath, Willy Lam, Sam Yeh, ” Lam, China’s Organizations: Hong Kong CNN, CNN, People’s Armed Forces Departments, America’s National Guard, Communist, Asia Society, Center for, Communist Party, China Labour Bulletin, Foxconn, Yili, Armed Forces Department, China’s Military Service Law, People’s Liberation Army, PLA, government’s Communist Party, Inner Mongolia Autonomous, Bloomberg, Getty, Shanghai Municipal Investment Group, Construction Investment, Development, Defense Ministry, People’s Armed Police, Armed, Rand Corporation, Jamestown Foundation, Party, Taiwan Locations: China, Hong Kong, Center for China, Beijing, Zhengzhou, Henan, Hohhot, Inner Mongolia, Yili, Shanghai, Mengniu, Nantong city, Jiangsu, Huizhou city, Guangdong, Wuhan, Hubei province, People’s Republic, United States, Taiwan, Fangchenggang City, Guangxi, ”, PLA, Taiwan's, AFP

☆ Coldplay has a request: They really, really want to play in China
▼ + stars: | 2024-02-10 | by ( Heather Chen | ) edition.cnn.com time to read: +10 min

He really, really wants to play in China. “I promise we’ll play in China one day,” Martin said to the screaming crowd when he invited two lucky fans up on stage. “You know, we can’t get the permission (to play in China),” he told concertgoers. Chris Martin and Coldplay aren’t alone in wanting to serenade mainland Chinese audiences. Chinese authorities have also been known to vet the content of shows, including setlists and lyrics.

Persons: Hong Kong CNN — Coldplay, Chris Martin, “, ” Martin, don’t, Coldplay, ”, Martin, concertgoers, “ Coldplay, China …, Paul Kane, Coldplay aren’t, Jon Bon Jovi, Jovi, Bon Jovi’s, Lama, Xi Jinping, –, Xi, Golshifteh Farahani, “ Young, Bjork, Justin Bieber, Katy Perry's, Sam Yeh, Katy Perry, Madonna, James Hetfield, we’re Organizations: Hong Kong CNN, CNN, Coldplay, Tourism Ministry, Oasis, Communist Party, China’s Communist Party, Tibet, Municipal, of Culture, Getty, Taiwan, Chinese Culture Ministry, South China Morning Locations: Hong Kong, Thailand, China, Guangzhou, British, Asia, Tokyo, –, Beijing, Shanghai, Macao, Covid, Bangkok, Singapore, Kuala Lumpur, Worth, Iranian, Buenos Aires, Iran, Taipei, AFP, Taiwan

☆ Sam Altman wants to solve the great AI chip shortage himself
▼ + stars: | 2024-01-23 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

That's according to a report from Bloomberg , which stated that Altman had been busy pitching heavyweight investors to back a new AI chip venture that would give his company a lot more control over its chip supply. AdvertisementBut a bunch of tech companies have started designing their own. In November, for instance, Microsoft unveiled its new Azure Maia AI chip , designed with large language model (LLM) training in mind. Despite this, Altman's plan has already won fans. "Building the best AI assistants, AIs for creators, AIs for businesses and more – that needs advances in every area of AI."

Persons: —, Sam Altman doesn't, Altman, Maia, Jensen Huang, Altman's, It's, Adam Niewinski, Mark Zuckerberg Organizations: Service, Business, Microsoft, Nvidia, Bloomberg, Intel, NVIDIA, Getty, Altman, OTB Ventures, AIs Locations: AFP

Taipei, Taiwan CNN —Taiwan’s ruling Democratic Progressive Party pulled off a historic third consecutive presidential victory on Saturday as voters shrugged off warnings by China that their re-election would increase the risk of conflict. The counting of votes has concluded, with Lai – the candidate of Taiwan’s ruling Democratic Progressive Party (DPP) – receiving just over 40% of the total votes, according to Taiwan’s Central Election Commission (CEC). Taiwan’s opposition Kuomintang (KMT) party candidate Hou Yu-ih garnered 33.49% of the votes, with Taiwan People’s Party (TPP) candidate Ko Wen-je received 26.45%. A spokesperson for China’s Taiwan Affairs Office insisted the election result “does not represent the mainstream view on the island.”“Taiwan is China’s Taiwan. “There’s multiple times that China could cause a fuss over a DPP victory, either now or later this year,” Nachman said.

Persons: Taiwan CNN — Taiwan’s, Lai Ching, ” Lai, “, Hsiao Bi, Lai –, Taiwan’s, –, Hou Yu, Ko Wen, je, Xi Jinping, Xi, Yasuyosh Chiba, Tsai Ing, Lai, Tsai, China’s, ” Xi, Hsiao, ”, Jaw Shaw, kong, Sam Yeh, Biden, Wang, Lev Nachman, ” Nachman, Nachman, hasn’t, they’ve Organizations: Taiwan CNN, Democratic Progressive Party, Commission, Kuomintang, KMT, ih, Taiwan People’s Party, Taiwan Affairs Office, Xinhua, China’s Communist Party, Party, Taiwan, Communist, DPP, Chinese Communist Party, Taiwan’s, Illinois State University, National Chengchi University, China’s Taiwan Affairs, Taiwan “, Analysts Locations: Taipei, Taiwan, China, United States, Beijing, ”, China’s Taiwan, AFP, “, New Taipei City, Washington, Taiwan Strait

☆ Taiwan made its choice on who will lead it into an uncertain future as China remains hellbent on controlling it, and tough times may lie ahead
▼ + stars: | 2024-01-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

Read previewTaiwan has elected its new president, the Democratic Progressive Party's Lai Ching-te, who is also the current Vice President. While experts still assess that an invasion of Taiwan remains unlikely in the near future, that doesn't diminish concerns about other ways China could squeeze the island. AdvertisementTaiwan's Vice President and presidential candidate for the ruling Democratic Progressive Party (DPP) Lai Ching-te (C) casts his ballot to vote on January 13, 2024, in Tainan, Taiwan. Nevertheless, the win marks the first time a political party in Taiwan has won a presidential election three times in a row. The supporters of Democratic Progressive Party (DPP) cheer at an election campaign on January 12, 2024 in Tainan, Taiwan.

Persons: —, Party's Lai Ching, Lai's, Lai, Tsai Ing, Lai Ching, Tsai, Getty Images Lai, Hou, Ko Wen, Amanda Hsiao, Annabelle Chih, Nancy Pelosi, flack, Annice Lyn, He's, Hsiao, Hao, Hou Yu, Beijing's, Chuan Kang, Xi Jinping, It'll, Joe Biden's, Xi, Biden, it's, BRENDAN SMIALOWSKI Organizations: Service, Democratic, Taiwan, Business, Democratic Progressive Party, Getty Images, ih, Taiwan's People Party, Kuomintang, KMT, Getty, Washington, NBC, US, People's Liberation Army Locations: Taiwan, China, Beijing, Taipei, New Taipei City, AFP, Tainan, Taichung, Taipei , Washington, San Francisco

☆ World Economic Forum risks report sees a ‘global catastrophe’ within 10 years
▼ + stars: | 2024-01-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

The gloomy outlook comes from an annual survey by the World Economic Forum (WEF) of people paid to identify and manage global risks. According to the report published Wednesday, nearly two-thirds of respondents expect an “elevated chance of global catastrophes” in the next decade. Sam Yeh/AFP/Getty ImagesExtreme weather events were ranked the number two short-term risk, demonstrating heightened awareness about the environment and climate change in a year plagued by rising temperatures and rampant floods and wildfires. Cyber insecurity also made it into the top five short-term risks, for the first time in a decade. Lack of economic opportunity, persistently high inflation and an economic downturn were ranked sixth, seventh and ninth on the list of short-term risks respectively.

Persons: “, Carolina Klint, Marsh McLennan, ”, Hou Yu, Sam Yeh, “ It’s, Saadia Zahidi, ” Zahidi, ” John Scott Organizations: London CNN, Humanity, World Economic, American Psychological, Marsh, CNN, ih, Getty, Zurich Insurance Group Locations: Davos, Switzerland, Israel, Carolina, Europe, Taoyuan, AFP

☆ Vote counting begins in closely watched Taiwan election
▼ + stars: | 2024-01-10 | by ( Clement Tan | ) www.cnbc.com time to read: +9 min

With China intensifying its rhetoric on its claim over Taiwan, global observers are billing this Taiwan election as highly pivotal for security in the Asia-Pacific at a time of testy U.S.-China relations. If Lai and Hsiao win the Jan. 13 vote for the Taiwan presidential office, it would mark the first time any political party has stayed in office for more than two consecutive terms since Taiwan introduced direct presidential elections in 1996. Campaign posters for various legislative member candidates in Taipei, Taiwan, on Wednesday, Dec. 27, 2023. China's Taiwan affairs office has characterized the self-ruled island's election as a choice between "peace and war, prosperity and decline." "China has always meddled whenever there is an election in Taiwan, but this time, it's the most serious."

Persons: Hou Yu, Hei Leung, Ko Wen, policymaking, Tsai Ing, Ko, Cynthia Wu, Jing Bo, jiun, Sam Yeh, Jing, Tsai, Lai Ching, Hsiao, United States —, Lai, Timothy S, Rich, Jaw Shaw, kong, Hou, Kevin Luo, Xi Jinping, Joe Biden, Xi, Biden, Nancy Pelosi, Rong Xu, Democratic Progressive Party Lai Ching, Yasuyoshi Chiba, DPP's Lai, Weeks Organizations: ih, Anadolu, Getty, Democratic Progressive Party, Kuomintang, Taiwan People's Party, China, Local, KMT, Taiwan Studies, University of Oxford, AFP, Taiwan, Rich Western Kentucky University, Taiwan's National Police Agency, New, DPP, University of Minnesota, Western Kentucky University, U.S, China -, APEC, CNBC, Former U.S, Bloomberg, Taiwan's DPP, Beijing, Cross Straits Service Locations: Taichung, Taiwan, Taipei, Asia, Pacific, U.S, China, Hsinchu, United States, Overconfidence, New Taipei City, China - U.S, Beijing, Taiwan Strait, Kaohsiung

☆ Taiwan Opposition Parties Unite Against Presidential Candidate China Sees as Threat
▼ + stars: | 2023-11-15 | by ( Joyu Wang | ) www.wsj.com time to read: 1 min

A deal between two Taiwan opposition parties is expected to bolster their chances against Vice President Lai Ching-te, a leading candidate of the ruling Democratic Progressive Party. Photo: sam yeh/Agence France-Presse/Getty ImagesTAIPEI—Taiwan’s two largest opposition parties reached a deal to collaborate in a pivotal election scheduled for early January that has major ramifications for Taiwan’s future and U.S.-China relations. Taiwan’s main opposition Nationalist Party, which favors closer relations with Beijing, said it would work with a third party founded by a former Taipei mayor to run jointly for the 2024 elections. The long-anticipated deal is expected to bolster the opposition’s chances against Vice President Lai Ching-te, a leading candidate of the ruling Democratic Progressive Party, which has forged tighter ties with the U.S., and is currently leading in the polls.

Persons: Lai Ching Organizations: Democratic Progressive Party, Agence France, Getty, TAIPEI —, Nationalist Party, U.S Locations: Taiwan, China, Beijing, Taipei

☆ Taiwan's opposition parties to decide on joint presidential ticket
▼ + stars: | 2023-11-15 | by ( ) www.cnbc.com time to read: +4 min

(L-R) Eric Chu, Taiwan's main opposition Kuomintang (KMT) chairman, Hou Yu-ih, KMT presidential candidate, Ma Ying-jeou, former Taiwan president and Ke Wen-je, presidential candidate from the Taiwan People's Party (TPP) pose following a meeting in Taipei on November 15, 2023. The issue of China, which views Taiwan as its territory, looms over the Jan. 13 parliamentary and presidential elections. Taiwan's two main opposition parties, which have vowed to renew talks with China, agreed on Wednesday to make a decision on a joint presidential ticket for January's elections, as the front-running ruling party decried interference from Beijing. It will unite Taiwan," Hou told business leaders after the talks. Lai says only Taiwan's people can decide their future and has repeatedly offers talks with Beijing, which has rejected the offers.

Persons: Eric Chu, Hou Yu, Ma Ying, Ke Wen, Sam Yeh, Lai Ching, Democratic Progressive Party's, Ko Wen, Hou, Tsai Ing, Chen Yi, Kou, Lai, Chen, Ma, Hsiao Hsu, Hsiao, China detests Lai, Ko, Terry Gou, Gou, TPP Organizations: Kuomintang, KMT, ih, Taiwan People's Party, SAM YEH, Getty, Democratic Progressive, Taiwan's Tamkang University, Beijing, DPP, Apple Locations: Taiwan, Taipei, AFP, China, Beijing, U.S, United States

Taiwanese contract manufacturer Foxconn’s headquarters. Photo: sam yeh/AFP/Getty ImagesFor decades, Apple has navigated an escalating series of challenges in China, from fake stores and factory protests to tightening censorship and app rules. Now, the iPhone maker risks getting dragged into the most volatile issue in U.S.-China relations: the future of Taiwan. On Sunday, Taiwanese contract manufacturer Foxconn Technology—one of Apple’s largest suppliers—said it is cooperating with Chinese authorities after state media reported China had opened tax and land-use probes into the company. The investigations come as Foxconn’s billionaire founder Terry Gou pursues a bid for the Taiwan presidency.

Persons: —, Terry Gou Organizations: Foxconn’s, Getty, Apple, Foxconn Technology Locations: AFP, China, Taiwan

☆ TSMC Thinks the Turn in the Chip Cycle Is Nigh
▼ + stars: | 2023-10-19 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

A wafer shown on screens at the TSMC Renovation Museum. Photo: sam yeh/Agence France-Presse/Getty ImagesThe world’s largest contract chip manufacturer thinks a turnaround in the semiconductor market is finally near. Demand related to artificial intelligence will also be a long-term boost—one that is already bumping up against supply constraints. The inventory buildup in the semiconductor supply chain has weighed on Taiwan Semiconductor Manufacturing Co. for the past few quarters. But both came out ahead of analysts’ forecasts on S&P Global Market Intelligence.

Organizations: Agence France, Taiwan Semiconductor Manufacturing, P Global Market Intelligence

☆ Armed with a heavyweight torpedo made to 'break ships in half,' Taiwan's first homemade submarine will represent a new threat to China's navy
▼ + stars: | 2023-10-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

The vessel's ability to carry a powerful heavyweight torpedo capable of defeating ships and submarines — the US-made Mark 48, or Mk-48 — is a real eye-catching feature. The vessel — its English name "Narwhal" and Mandarin name "Hai Kun" — is the first sub of the island's Indigenous Defense Submarine program, a top priority in Taipei. AdvertisementAdvertisementTaiwan President Tsai Ing-wen receiving a submarine model in front of Taiwan's first locally built submarine, "Narwhal," during the vessel's unveiling ceremony at the CSBC Corporation shipbuilding company in Kaohsiung in September. US Navy/MC1 Michael B ZingaroOriginally designed in the late 1960s and deployed in the late 1980s, the Mk-48 torpedo was intended to counter advances in Soviet submarine technology. These considerations make the Mk-48 torpedo key.

Persons: —, Tom Shugart, who's, they're, Tsai Ing, Bryan Clark, Clark, Donald Trump, Michael B, It's, Shugart, MCSN Jaimar Carson, Huang Shu, kuang, they've, Philip Davidson, Michael B Zingaro, it's, Huang, wouldn't Organizations: China, Service, US, Center, New, New American Security, Indigenous Defense, CSBC Corporation, SAM, Getty, US Navy, Hudson Institute, Army, Pacific Command, Tomahawk, Maritime Locations: Taiwan, bulking, New American, Kaohsiung, Taipei, AFP, Los Angeles, Columbia, Soviet, Jefferson City, Beijing, China, Ukraine

☆ Armed with a heavyweight torpedo made to 'break ships in half,' Taiwan's first homemade submarine represents a new threat to China's navy
▼ + stars: | 2023-10-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

☆ Teo Boon Ching: 'Godfather' of illicit wildlife trade jailed for trafficking rhino horns worth $2 million
▼ + stars: | 2023-09-21 | by ( Heather Chen | ) edition.cnn.com time to read: +3 min

“Wildlife trafficking is a serious threat,” said Damian Williams, US Attorney for the Southern District of New York, in the release. Sam Yeh/AFP/Getty Images‘Body blow’Prosecutors said a covert operation exposed Ching’s efforts to traffic about 219 kilograms [483 pounds] of rhino horns “resulting from the poaching of numerous rhinoceros” with an estimated value of $2.1 million. The horns were delivered in a suitcase in Thailand by those working for the wildlife trafficking organization, officials said. The London-based Environmental Investigation Agency (EIA), which supplied intelligence on Ching to US enforcement agents, said his jailing was a “body blow” to the illegal wildlife trade. “Chinese and Vietnamese organized crime networks have long exploited Malaysia and other Southeast Asian countries as transit hubs for smuggling illegal wildlife commodities from Africa into Asia,” an EIA statement read.

Persons: Teo Boon Ching, Ching, ”, Damian Williams, Sam Yeh, Olivia Swaak, Goldman, “, ” “ Organizations: CNN, Southern, of, ” Rhinos, World Wildlife Fund, Rhinos, Getty, Prosecutors, Environmental Investigation Agency, US Treasury Department, Wildlife Justice Commission Locations: Malaysian, Manhattan, of New York, Thailand, United States, Africa, Asia, China, Vietnam, AFP, New York, London, Malaysia

“Listen up, Taiwan is not part of the PRC [and] certainly not for sale!” Taiwan Foreign Minister Joseph Wu said in a Wednesday statement on X, formerly known as Twitter, referring to the country by its official name, the People’s Republic of China. Joseph Wu is Taiwan's foreign minister. China tiesMusk’s comments were made in response to a question about the challenges faced by American businesses in China. In recent years, some Chinese government ministries have banned the company’s vehicles from entering their premises over purported security fears. In Taiwan, Tesla has a sales and charging network.

Persons: Elon Musk, ”, “, Joseph Wu, Sam Yeh, Wu, Musk, ” Musk, Tesla’s, ” Tesla, BYD, Tesla Organizations: Hong Kong CNN — Taiwan’s Ministry of Foreign Affairs, US Pacific Fleet, Communist, Taiwan, Getty, CCP, Chinese Communist Party, Musk Locations: Hong Kong, China, Summit, Los Angeles, United States, Taiwan, Hawaii, Beijing, PRC, People’s Republic of China, AFP, Shanghai

☆ Nvidia wins again — plus two more takeaways from this week's mega-cap earnings
▼ + stars: | 2023-07-26 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

It was also one of several conclusions we made combing through the results and listening to the conference calls with investors. We are basically looking for results or management commentary that speaks to peer companies or the industry as a whole. On the call, management said it was "to support cloud demand, including investments in AI infrastructure." What is increased AI spending going to do for Meta's engagement and Reels monetization efforts? Nvidia chief Jensen Huang (centre L) poses for photographs before attending a press conference at Computex 2023 in Taipei on May 30, 2023.

Persons: it's, Sundar Pichai, We're, Jim Cramer's, Jim Cramer, Jim, Jensen Huang, Sam Yeh Organizations: Microsoft, Nvidia, Google, AMD, Intel, Jim Cramer's Charitable, CNBC, Afp, Getty Locations: Taipei

A woman walks past a Taiwan Semiconductor Manufacturing Company (TSMC) logo at the Hsinchu Science Park in Hsinchu on July 5, 2023. (Photo by Sam Yeh / AFP) (Photo by SAM YEH/AFP via Getty Images)Taiwan Semiconductor Manufacturing Company , the world's largest chipmaker, posted a second-quarter profit plunge Thursday as demand for consumer electronics continues to slump. TSMC said business was impacted by macroeconomic headwinds "which dampened the end market demand, and led to customers' ongoing inventory adjustment." This is the company's first quarterly net income decline since the second quarter of 2019. Apple typically releases its latest iPhone in September so it is likely ordering chips from TSMC in the third quarter.

Persons: Sam Yeh, TSMC, Wendell Huang Organizations: Taiwan Semiconductor Manufacturing Company, Hsinchu Science, SAM YEH, Getty Images, Apple Locations: Hsinchu, Hsinchu Science Park, AFP, Taiwan

☆ Wall Street is bullish on Big Tech heading into earnings — here's what we think
▼ + stars: | 2023-07-18 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

Wall Street kicked off the week with bullish takes on several high-flying tech stocks in the portfolio — validating our decision to stick with these mega-caps heading into quarterly earnings. It's also important to understand that some price target raises are just chasing a big move, and that the price reaction to an earnings release has less to do with the results and much more to do with expectations. It's also why Citigroup also put AMD on a "negative catalyst watch," meaning it is negative on the stock heading into earnings. In the analysts' view, Apple has an opportunity to grow its revenue by seven times in the U.S. over the next decade to about $40 billion, while adding 170 million new users. Microsoft What the analysts say: Analysts at Mizuho reiterated their buy rating on Microsoft while taking up their price target to $390 from $360.

Persons: bullish, Meta, It's, CUDA, Morgan Stanley, we're, —, Jim Cramer, monetize, Jim Cramer's, Jim, Jensen Huang, Sam Yeh Organizations: Nvidia, Apple, Microsoft, Devices, Citigroup, AMD, Intel, Mizuho, Activision Blizzard, JMP Securities, Jim Cramer's Charitable, CNBC, Afp, Getty Locations: U.S, China, India, Taipei

☆ Mexico is the best country to live and work abroad, a survey of expats has found. Here's the top 10.
▼ + stars: | 2023-07-12 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +2 min

Mexico is the most popular place to live and work abroad, a survey of more than 10,000 expats found. The survey also found that expats were most unhappy in Kuwait, Norway, and Turkey. The country has been popular with expats for some time, consistently ranking as one of the five most popular countries since the InterNations survey was first conducted in 2014. More than 10,000 expats spanning 171 nationalities and living across 172 countries and territories took part in the survey. Expats praised the country for having friendly locals and said it was easy to find housing.

Persons: InterNations, Expats, Radu Bercan, Lisa Marie David, NurPhoto, Malgorzata, Marielle, Inti, Toshio Kishiyama, Oleg Senkov Organizations: Service, Privacy, Buddha, Getty, Clair, Panama, Guell Locations: Mexico, Kuwait, Norway, Turkey, Wall, Silicon, Portugal, Lisbon, Bahrain Bahrain's, Philippines, Mayon, Costa Rica, Thailand Bangkok, Thailand, Taiwan, AFP, Malaysia George Town, Malaysia, Panama Panama City, Panama, Barcelona, Spain

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