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☆ The US, Russia and China are in a race to dominate new-wave nuclear energy — and win global influence
▼ + stars: | 2024-02-01 | by ( Angela Dewan | Ella Nilsen | ) edition.cnn.com time to read: +12 min

Russia's floating nuclear power plant, Akademik Lomonosov, leaving the service base Rosatomflot on August 23, 2019. For some experts, nuclear energy — in all forms, large or small — has an important role to play in that transition. Globally, the construction of conventional nuclear power plants dipped following the Chernobyl meltdown in 1986. Russia has already built or designed nuclear plants — the traditional type — for China, India, Bangladesh, Turkey, Slovakia, Egypt and Iran. “It certainly dampens the excitement abroad,” said John Parsons, a senior lecturer at MIT and a financial economist focused on nuclear energy.

Persons: Akademik Lomonosov, Biden, Lomonosov, Maxim Shemetov, “ There’s, ”, Josh Freed, China —, Vladimir Putin’s, Bill Gates ’, Luo Yunfei, Kirsten Cutler, they’re, Cutler, ” Cutler, They’re, John Parsons, John Kerry, Thomas Mukoya, Way’s Freed, “, ” Parsons, Mohammed Hamdaoui, ” Hamdaoui, “ It’s Organizations: CNN, Reuters, European Union, International Energy Agency, Energy, World Nuclear, IEA, US, SMR, US Export, Import Bank, International Development Finance Corporation, GE Hitachi Nuclear Energy, China, Changjiang, China News Service, Nuclear Energy, US State Department, “, MIT, InfluenceMap, The State Department, Nuclear Regulatory Commission, NRC, Rystad Energy Locations: Alaska, Russian, Russia, China, European, Japan, India, South Korea, Europe, Dubai, America, Poland, North Carolina, Southeast Asia, Bangladesh, Turkey, Slovakia, Egypt, Iran, Lomonosov, Siberia, Russia’s, Washington, Bill Gates ’ TerraPower, Wyoming, Changjiang Li Autonomous County, Hainan province, United States, Oregon, Idaho, United Arab Emirates

☆ Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings
▼ + stars: | 2023-12-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

While not strictly an IPO, the listing was soon followed by Vietnamese tech unicorn VNG's filing to list on the Nasdaq. As local companies grow, "they are outgrowing the ability of those markets to provide the capital that they need," said Drew Bernstein, co-chairman of accounting firm MarcumAsia. Since the fallout over Didi in the summer of 2021, regulation and a tepid U.S. IPO market have stalled most Chinese listing plans. She said given the success of Southeast Asian ride-hailing company Grab , more Vietnamese companies are starting to look beyond the domestic market to regional business. George Chan, global IPO leader at EY, expects "a lot" of companies from Southeast Asia will reach the IPO stage in the next 12 to 18 months, and might also consider the Hong Kong exchange.

Persons: Scott Mlyn, VinFast, Johan Annell, VNG, Drew Bernstein, It's, Bernstein, who'd he'd, Didi, Gary Dvorchak, Blueshirt, Nguyen Nguyen, Vu Van, ELSA, Van, George Chan Organizations: New York Auto Show, CNBC BEIJING, U.S, Spade, Nasdaq, ARC Group, China -, Renaissance Capital, Investor, CNBC, World Bank, Southeast Asia — Locations: Asia, U.S, Vietnam, Beijing, Cayman Islands, Malaysia, China, China - U.S, Thailand, Indonesia, Singapore, Southeast Asia, Hong Kong

☆ India's 'massive expansion' set to be a key driver of global economic growth
▼ + stars: | 2023-09-08 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Frank Bienewald | Lightrocket | Getty ImagesSINGAPORE — India's stellar economic trajectory alongside strong forecasts for some Southeast Asian countries will be important drivers for global growth, said S&P Global Insights. Asia-Pacific is a "key driver" for global economic growth not just in the near term, but over the longer run as well, S&P Global's Asia-Pacific chief economist Rajiv Biswas said at the annual energy APPEC conference. India's very robust actually… the momentum in the economy looks really quite strong at the moment. Rajiv Biswas Global Asia-Pacific Chief Economist at S&P GlobalAs a region, Asia-Pacific's growth is expected to strengthen from 3.3% last year to 4.2% this year, according to S&P's projections. "Over the next decade, we expect that about 55% of the total increase in [the] world's GDP will come from the Asia-Pacific region," he said.

Persons: Frank Bienewald, Rajiv Biswas, Biswas Organizations: Lightrocket, Getty, SINGAPORE, Southeast Asia —, Rajiv Biswas Global, Pacific Locations: India, Asia, Pacific, Indonesia, Philippines, Vietnam, Southeast Asia, Rajiv Biswas Global Asia, China

JAKARTA, Indonesia (AP) — It took more than a day of flying, including two refueling stops, for Vice President Kamala Harris to reach this year’s summit of Southeast Asian countries. Political Cartoons on World Leaders View All 226 ImagesPolitical Cartoons View All 1146 ImagesThis was her third trip to Southeast Asia since taking office — Harris heads back to Washington on Thursday — and she's visited more countries here than any other region. Harris' approval ratings remain underwater, and her announcements in Southeast Asia tend to be counted in the millions of dollars rather than the billions. “Everybody works their own way.”Harris' travel to Southeast Asia began in her first year in office, when she visited Singapore and Vietnam, but the trip almost didn't happen. But she’s put in the work," said Gregory B. Poling, who directs the Southeast Asia program at the Center for Strategic and International Studies.

Persons: Kamala Harris, Harris, ”, ” Harris, — Harris, she's, “, Jake Sullivan, Joe Biden’s, she’s, Sullivan, Dinna Prapto, Phil Gordon, ” Gordon, Gregory B, Poling, David Rothkopf, Bill Clinton, there’s “, Biden didn't, Ferdinand Marcos Jr, it’s, Edna Tarigan Organizations: United, Associated Press, Lowy Institute, Association of Southeast Asian Nations, ASEAN, U.S, ”, Center for Strategic, International Studies, Economic Cooperation, AP Locations: JAKARTA, Indonesia, United States, Washington, Southeast Asia, China, Central America, Asia, Australia, Beijing, Jakarta, Singapore, Vietnam, Afghanistan, South China, Thailand, Philippines, U.S, Philippine, Palawan

☆ From Taylor Swift to the World Cup, travelers are paying big bucks to catch overseas games and shows
▼ + stars: | 2023-07-10 | by ( Monica Pitrelli | Evelyn Chen | ) www.cnbc.com time to read: +6 min

When Taylor Swift's Eras tour rolls into Singapore next year, Rjay Ignacio said he'll be there — whether he has a ticket or not. "If I'm not able to get a ticket, I'm still going to Singapore," he said. He said he would only travel "for Taylor … I'm a big fan." Swifties, or Taylor Swift fans, spend an average of $1,330 on tickets, food and travel, according to the research company QuestionPro. To avoid facing an "astronomical price surge," Jakarta resident Wid said one of his friends booked a hotel in Singapore before Swift's tour tickets even went on sale.

Persons: Taylor, Rjay Ignacio, he'll, Taylor Swift, I'm, Ignacio, Taylor …, Farhan Abrol, Kanyarat Teawprasong, Swift, Armando L, Sanchez, Lionel Richie, Harvey Cohen, Wid, Nan Palmero, I'd Organizations: Deloitte, Wimbledon, CNBC Travel, Austin City Limits Music, Chicago Tribune, Tribune, Service, Swift's, Qatar Airways, FIFA, Accor Locations: Singapore, Asia, Pasig City, Philippines, YOLO, Francisco, Bangkok, Korea, Japan, Taiwan, Hong Kong, Thailand, Southeast Asia, Las Vegas, Chicago's Grant, Bahamas, United States, Navan, Cincinnati, Pittsburgh, Jakarta, Doha

☆ The decision to split Sequoia Capital into 3 entities puts to bed any questions of a power struggle at the VC powerhouse
▼ + stars: | 2023-06-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +4 min

VC powerhouse Sequoia Capital announced Tuesday that it is splitting into three entities. One of those entities, Sequoia China, known locally as HongShan, will operate as a distinct firm. The mighty Sequoia Capital is dropping branches. The decision puts to bed any question of a power struggle at one of Silicon Valley's most respected firms. And unlike some other global firms that had veto power over investments overseas, according to Bloomberg, Sequoia China had full autonomy to strike its own deals.

Persons: Roelof Botha, Neil Shen, Forbes, Alex Konrad, Doug Leone, Instagram, Bytedance, Botha, Shen, Julian Bek, Elon Musk's Organizations: Sequoia Capital, Sequoia, XV Partners, YouTube, Bloomberg, Shen, Sequoia China, Ventures, Lightspeed Venture Partners, Accel, Elon, Twitter, Fidelity Locations: Sequoia China, China, Europe, HongShan, India, Southeast Asia, Sequoia, Sequoia Capital China, Asia, Silicon Valley, London, FTX

☆ Southeast Asia VC firms could see a larger impact from SVB fallout than startups
▼ + stars: | 2023-03-16 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

SINGAPORE — Compared to startups, Southeast Asia's venture capital firms could see a bigger impact from the collapse of Silicon Valley Bank because finding a replacement for the U.S.-based bank in the region will be challenging. "I think from a VC firm's perspective, you will see a bigger impact here," said David Gowdey, managing partner at Jungle Ventures, told CNBC's "Squawk Box Asia." While SVB served tech startups and venture capital firms mostly located in the U.S. or have a presence in the U.S. Some VCs based in Southeast Asia — such as Jungle Ventures and Golden Gate Ventures — were also clients of SVB. The bank provided VC firms and startups access to the U.S. capital market as well as networking opportunities in the U.S.

☆ Growth is slowing in Indonesia and events thousands of miles away are playing a part
▼ + stars: | 2023-03-16 | by ( Sponsor Post | Created Insider Studios With Fcdo | ) www.businessinsider.com time to read: +6 min

However, Russia's invasion of Ukraine, which has dented economies around the world, is contributing to growth slowing down in Indonesia. The food sector has been strongly affected by the war in Ukraine, which has disrupted wheat and fertilizer imports into Indonesia. After recording economic growth of 5.3% in 2022, the strongest for almost a decade, Indonesia is now braced for growth to slow down intensified by Russia's invasion of Ukraine. With weakening commodity and energy prices denting export earnings, Indonesia is contending with economic headwinds as fears of a global recession mount. Indonesia, one of Asia's success stories of recent years, has been less hard-hit than many emerging economies by the war in Ukraine.

☆ Indonesia's seafood farming industry faces a 'technology gap' — and startups are raising big bucks to fill it
▼ + stars: | 2023-02-01 | by ( Sheila Chiang | ) www.cnbc.com time to read: +6 min

And we are third in aquaculture production after China and India. Aquaculture production and exports by country in 2020 Aquaculture (animals, not including algae) Top producing countries in 2020 Top exporting countries in 2020 1. Aruna, for its part, helps to connect Indonesia's small-scale aquaculture farmers to buyers. Indonesia has the puzzle pieces to become a global leader in aquaculture and seafood production. "Indonesia has the puzzle pieces to become a global leader in aquaculture and seafood production.

Last year, industry insiders predicted that 2022 would be the year of social shopping in the US. As the year closes, here's the state of play when it comes to social shopping. From TikTok to YouTube, companies introduced features to encourage users to shop in their apps — including native checkout — and shoppable livestreams, photos, and videos. "Everybody is trying to beef up their infrastructure for social commerce," Jason Goldberg, the chief commerce-strategy officer at Publicis Groupe, told Insider. Here's the current state of play in social shopping:

☆ Asia could be a bright spot amid global downturn next year, economists say
▼ + stars: | 2022-10-18 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +1 min

Asia — especially Southeast Asia — remains a bright spot, even as the global economy looks set to head into recession next year, economists say. "Despite this, Asia remains a relative bright spot in an increasingly dimming global economy," the IMF said in its latest outlook report "Asia Sails Into Headwinds From Rate Hikes, War, and China Slowdown." The IMF predicted growth for Asia and the Pacific at 4% this year and 4.3% in 2023, with both below the 5.5% average over the last two decades. Still, they are higher than the fund's forecasts for Europe and the U.S. The IMF is expecting growth of 3.1% in 2022 and 0.5% in 2023 for the euro area; and 1.6% growth this year and 1% next year for the U.S.

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