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☆ Disney's parks are its top money maker — and it plans to spend $60 billion to keep it that way
▼ + stars: | 2024-04-07 | by ( Sarah Whitten | ) www.cnbc.com time to read: +12 min

It had been more than a year since the Covid pandemic had forced Disney's domestic parks to shutter, but D'Amaro, chair of Disney's experiences division, was confident guests would flood back in when the gates reopened. Revenues fell 35% in 2020, a nearly $10 billion decrease from the $26.2 billion the experiences division had tallied in the year before the pandemic. The experiences division posted record revenue of $32.5 billion in fiscal 2023, a 16% increase from the prior year. Its innovations, from ride mechanics and animatronics to creature design and immersive architecture, have made Disney's parks a standout in the industry. Storytelling is at the heart of everything across Disney's experiences division.

Persons: Mickey Mouse, Ian Langsdon, Josh D'Amaro, D'Amaro, Bob Chapek, D'Amaro —, Walt Disney, King Arthur Carousel, Christian Thompson, you've, it's, Bob Iger, Nelson, Walt Disney Imagineering, Rey, Kylo Ren, Judy Hopps, Imagineers, CNBC —, Lewis, Disney, Imagineering, Matt Stroshane, Alan Bergman Organizations: Paris, Afp, Getty, Gibson, Disney, Walt Disney Imagineering, Hong Kong Disneyland, Walt Disney, Guardians, Magic Kingdom, Epcot, Star Wars, California Disneyland's, Walt Disney Imagineering's, Disney Engineers, Force, Southwest, CNBC, Galactic, Marvel Locations: California, Burbank, Disneyland, Hong Kong, Shanghai Disneyland, Florida, Epcot, Magic, Wharf, Disneyland's, Disney's, Edge

☆ ‘It felt so wrong’: Chumbawamba wants New Zealand politician to stop playing ‘Tubthumping’ at rallies
▼ + stars: | 2024-04-03 | by ( Dhruv Tikekar | ) edition.cnn.com time to read: +8 min

But those headlines were soon eclipsed by Chumbawamba publicly condemning Peters’ use of its song. “Everything that Peters stands for is counter to Chumbawamba’s world view,” the band’s founding member and former vocalist, Dunstan Bruce, told CNN. Chumbawamba, which broke up in 2012, has asked its former record company, Sony Music Publishing, to issue a cease-and-desist letter to New Zealand First. In response to CNN’s request for comment, New Zealand First Party President Julian Paul said the party had nothing further to add. “As we rise, the dirt will start all over again,” he said during a party convention in July, according to a transcript published by New Zealand First.

Persons: Winston Peters strode, Peters, ” Peters, Chumbawamba, Dunstan Bruce, Winston Peters, Hagen Hopkins, ” Chumbawamba, “ Tubthumping, ”, Bruce, “, Peter Dungate, ” It’s, Eminem, Vivek Ramaswamy, Donald Trump, Rihanna, Pharrell Williams, Bruce Springsteen, Nigel Farage, Hutton Supancic, Julian Paul, Emmanuel Heisbourg, Heisbourg, “ tubthumping, You’re, — Peters, ‘ Organizations: CNN, New Zealand First, Labour, New, National, ACT, New Zealand, General Motors, Sony Music Publishing, APRA, NZ, New Zealand’s National Party, rapper’s, Republican, Independence Party, UKIP, Southwest, SXSW UKIP, University of Montreal Locations: Palmerston, British, Nazi Germany, New, New Zealand

☆ How S.M.U., Once the Rogue of College Sports, Got Back to the Big Time
▼ + stars: | 2024-03-30 | by ( Joe Drape | ) www.nytimes.com time to read: +1 min

Instead, he drove from his hometown, Sealy, Texas, to Dallas and Southern Methodist University. At the time, Mr. Dickerson’s cars (S.M.U. gave him one, too) were a symbol of the wretched excess of big-time college sports. It was a time when boosters in the Southwest Conference doled out “$100 handshakes” and the S.M.U. Mustangs went 34-11-1 over Mr. Dickerson’s four years — the team’s vaunted Pony Express era.

Persons: Eric Dickerson, ”, Dickerson’s Organizations: Pontiac, Texas, Southern Methodist University, Southwest Conference, Mr, titans, Petroleum Club of Houston Locations: Sealy , Texas, Dallas

☆ March Madness: Top seeds for men and women’s 2024 NCAA basketball tournament announced for Selection Sunday
▼ + stars: | 2024-03-17 | by ( Jacob Lev | Issy Ronald | ) edition.cnn.com time to read: +8 min

The other top seeds for the NCAA Division I men’s basketball tournament are the Purdue Boilermakers, North Carolina Tar Heels and Houston Cougars. 2 seeds are Iowa State Cyclones, Marquette Golden Eagles, Tennessee Volunteers and Arizona Wildcats. Thirty-two teams automatically qualified in both the men’s and women’s tournament by virtue of winning their respective conference tournaments. Now that Selection Sunday is all but over, there are only two days for fans to fill out their brackets before the men’s tournament begins on March 19 and the women’s tournament begins the day after. Angel ReeseAngel Reese is another of the tournament’s biggest stars, following her crucial role in propelling LSU to its first ever women’s college basketball title last year.

Persons: Caitlin Clark, Martin, Zach Edey, Kirk Irwin, Barack Obama, George H.W, Bush, Jimmy Fallon, Yale Brigham, James Madison, Howard, Wagner, Saint, Tennessee Martin, Rice, Marshall Syracuse, Caitlin Clark Caitlin Clark, “ Clark, onomics ”, Steph Curry’s, Angel Reese Angel Reese, Matthew Holst, Reed Sheppard, Kentucky’s Reed Sheppard Organizations: CNN, Connecticut, South Carolina, NCAA, Purdue Boilermakers, North, Heels, Houston Cougars, Iowa Hawkeyes, Southern California Trojans, Texas Longhorns, Iowa State Cyclones, Marquette Golden Eagles, Tennessee Volunteers, Arizona Wildcats, Wildcats, Long, Long Beach State, Big West, bluebloods, Duke, SEC, Gamecocks, women’s, Heart, Presbyterian, Iowa, Hawkeyes, Louisiana State, Ohio State, Stetson, Northwestern, San Diego State, Alabama, Auburn, Yale, Yale Brigham Young, Duquesne, Washington State, South Dakota State, South Dakota State South Houston, Texas, . Vermont Texas Tech, NC, Boise State, Kentucky Midwest Purdue, Montana State, Utah State, Texas Christian, Gonzaga, Samford South Carolina, . Oregon, Creighton, Mississippi State, . Michigan, Charleston Clemson, Baylor, Colgate, Dayton, Albany South, Oregon State, Marquette, Notre Dame, Kent State, Albany Iowa, Princeton, Drake ; Kansas State, Portland Louisville, . Middle, ., UCLA, California Baptist, Portland Southern, Michigan, Vanderbilt -, Virginia Tech, Jackson State, Richmond ; Ohio, Maine, Portland Texas, Drexel, Florida, South, Cal Irvine Tennessee, ; North Carolina State, Chattanooga ; Iowa, Maryland, Stanford, NBA, WNBA, LSU, Big, Purdue Locations: South, North Carolina, Long Beach, bluebloods Kentucky, Kansas, Tennessee, Louisiana, Connecticut, Stetson ; Florida, San, Birmingham, Duquesne ; Illinois, Morehead State, Drake, South Dakota State South, Longwood ; Nebraska, Wisconsin, NC State ; Kentucky, Oakland, Florida, Colorado, Marquette, Grambling State, McNeese ; Kansas, ., Akron ; Texas, Virginia, Colorado State ; Tennessee, Peter’s West North Carolina, Mississippi, Saint Mary’s ( California, Canyon, Alabama, New Mexico, . Nevada ; Arizona, Albany South Carolina, . Michigan State ; Indiana, Fairfield ; Oklahoma, Florida Gulf Coast . Nebraska, Eastern Washington ; Mississippi, West Virginia, Drake ;, . Middle Tennessee State, . Nevada, Las Vegas, California, California Baptist Region, Portland Southern California, Christi ; Kansas, Vanderbilt - Columbia, Arizona ; Connecticut, Richmond ;, Drexel ; Alabama, Florida State ; Utah, South Dakota, ; North, Chattanooga ;, Norfolk, South Carolina

☆ Artists and Speakers Withdraw From SXSW Over U.S. Military’s Support of Israel
▼ + stars: | 2024-03-13 | by ( Emily Schmall | ) www.nytimes.com time to read: +1 min

Dozens of musicians and panelists have withdrawn from the South by Southwest Conference and Festivals in Austin, Texas, to protest sponsorship by the U.S. Army and defense companies as pressure grows against the U.S. military’s support of Israel’s war against Hamas in Gaza. More than 80 artists and panelists at SXSW had joined the boycott by Wednesday, according to one of the organizers, the Austin for Palestine Coalition. Ibrahim Batshon, a Palestinian American and the chief executive of BeatStars, a digital music-licensing platform and longtime sponsor of the music and technology festival, withdrew from SXSW after learning of the increased involvement this year of the U.S. Defense Department. The United States is the largest supplier of military equipment to Israel. Mr. Batshon, who is Palestinian American and is known as Abe, said that six of his family members were killed in a bombing in November while taking refuge at a church in Gaza City.

Persons: Ibrahim Batshon, Batshon, Abe Organizations: Southwest Conference, U.S . Army, U.S, SXSW, Wednesday, Austin for Palestine Coalition, U.S . Defense Department, Palestinian Locations: Austin , Texas, Gaza, Austin, Palestinian American, United States, Israel, Gaza City

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin breaks through $72,000 to hit fresh record: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On Today's show, speaking from the South by Southwest conference in Texas, Sandy Carter, COO of Unstoppable Domains, discusses the state of web3 adoption and how developers are bringing blockchain and AI together.

Persons: explainers, Sandy Carter Organizations: CNBC Crypto, CNBC, Southwest Locations: Texas

☆ Meghan, Duchess of Sussex, Speaks Out About ‘Hateful’ Online Bullying
▼ + stars: | 2024-03-09 | by ( Isabella Kwai | More About Isabella Kwai | ) www.nytimes.com time to read: +1 min

The glare of public attention has often left Prince Harry and his wife, Meghan, on the receiving end of strong opinions. And Meghan, Duchess of Sussex, pushed back at that directly on Friday, criticizing a culture of bullying on social media. “We have forgotten about our humanity, and that has got to change,” she said, while appearing on a keynote panel at the South by Southwest conference in Austin, Texas, focusing on the representation of women in entertainment and the media. Meghan and Harry have voiced repeated concerns about how negative media attention has affected them, both while they were active members of Britain’s royal family and since they stepped back from royal duties in 2020 and moved to the United States. Meghan said on Friday that she had received the bulk of online abuse while she was pregnant with her children, Archie and Lilibet, and in the months after their births.

Persons: Prince Harry, Meghan, Duchess of, Harry, Archie, Lilibet Organizations: Southwest Locations: Duchess of Sussex, Austin , Texas, United States

Reigning national champion Connecticut, Purdue and North Carolina remained atop The Associated Press Top 25 men's college basketball poll for the third consecutive week, while South Carolina cracked the rankings for the first time in nearly seven years. 1 for the fourth straight week in Monday's poll, while the Boilermakers topped the ballots of 16 other voters. The top of the poll remained set after a big week that included four top-10 matchups over the weekend, with Purdue winning at Wisconsin and UNC beating rival Duke. In all, nine teams moved up from last week's poll. The Big Ten, Big East and Mountain West conferences were next with three.

Persons: Lamont Paris, Creighton, ___ Organizations: Connecticut, Purdue, Press, Huskies, Boilermakers, Wisconsin, UNC, Duke, Kansas, Houston, Cougars, Wildcats, Fighting Illini, Gamecocks, San Diego State, TCU, Southeastern, Baylor, Iowa State, Texas Tech, Cincinnati, Florida Atlantic, UConn, CONFERENCE, SEC, Big, Atlantic Coast Conference, USA Locations: North Carolina, South Carolina, Marquette , Arizona, Duke, Illinois, Carolina, Oklahoma, Alabama, Mexico

The AP Top 25 had another week of upheaval, with teams bouncing around like kernels in a popcorn maker. North Carolina (15-3) has won eight straight, including all seven of its Atlantic Coast Conference games, to lead the conference by two games over North Carolina State. CONFERENCE WATCHThe Big 12 still leads the nation with seven ranked teams despite Kansas State dropping out. The Big East, Southeastern, Big Ten and Mountain West conferences all had three ranked teams. The Atlantic Coast and American Athletic conferences had two ranked teams, and one each for the Pac-12 and Atlantic-10.

Persons: Creighton, David Clingan's, Dan Hurley, Alex Karaban, “ You’ve, ”, Zach Edey, “ It’s, Fran McCaffery, “, Dayton, ___ Organizations: Reigning, Connecticut, Associated Press, Purdue, Houston, Jayhawks, UConn, Huskies, Villanova, Thai, UFC, Boilermakers, Iowa, Indiana, Heels, Louisville, Boston, Atlantic Coast Conference, North Carolina State, South, Tulane, Baylor, Kansas State, Pittsburgh, Blue Devils, Saint Louis, Auburn, Texas Tech, Colorado State, Air Force, UNLV, Utah State and Air Force, TCU, Iowa State, LSU, CONFERENCE, Big, American Athletic Locations: Kansas, Carolina, Tennessee, West Virginia, Indiana, ” Iowa, North Carolina, ., Memphis, South Florida, Kansas State and Texas, Rhode, Mexico, Cincinnati . Mississippi, Southeastern, Coast

It is Arizona's turn to sit atop The Associated Press Top 25 men's college basketball poll. Arizona claimed 59 of 63 first-place votes to move up one spot, putting the Wildcats comfortably ahead of preseason No. 1 in the AP Top 25 since an eight-week stint that ended in January 2014 under former coach Sean Miller. In all, 14 teams climbed from last week's poll, including No. ___Get poll alerts and updates on AP Top 25 basketball throughout the season.

Persons: Tommy Lloyd's, Connecticut . Arizona hasn't, Sean Miller, Lloyd, “, ” Lloyd, Creighton, Duke, Tyrese Proctor, ___ Organizations: Press, Wildcats, Purdue, Northwestern, Jayhawks, NCAA, Connecticut ., Gonzaga, Colgate, Houston, Boilermakers, UConn, Baylor, North, Colorado State, Arkansas, Georgia Tech, Wisconsin, Marquette, Badgers, Clemson, San Diego, Villanova, Mississippi State, CONFERENCE, BYU, ACC, Big, Big East, West Conference, American Athletic, Sun Locations: Northwestern . Arizona, Kansas, Connecticut, Connecticut . Arizona, Northwestern, North Carolina, Oklahoma, Miami, Tennessee, Texas, San Diego State, Mississippi, Alabama, Coast

Jennings threw a touchdown pass and accounted for 266 yards from scrimmage, Collin Rogers kicked four second-half field goals and No. 17 Tulane 26-14 on Saturday in the AAC title game. Political Cartoons View All 1277 ImagesThe Mustangs (11-2) also turned in a stifling defensive performance, limiting Tulane (11-2, No. “Our defense today, they dominated,” Lashlee said, highlighting how SMU held Tulane to 31 yards rushing, far below its average of 167.3 yards coming in. Interceptions by Cam Pedescleaux and Jarius Monroe, and an early missed field goal by SMU, kept Tulane in the game.

Persons: —, Kevin Jennings, Jennings, Rhett Lashlee, ” Jennings, Collin Rogers, “ Jennings, ” Lashlee, “, ”, Michael Pratt, Isaiah Nwokobia's, SMU “, ” Pratt, Willie Frtiz, Dana Holgorsen, Fritz, ” Fritz, “ I‘ve, It'll, Preston Stone, Pratt, Key'Shawn Smith, Yulkeith, Rogers, Lashlee, ” SMU’s, Cam Pedescleaux, Jarius Monroe, injuires, Lawrence Keys, Jha'Quan Jackson —, “ We’ve, peraps, ___ Organizations: ORLEANS, — SMU, SMU, Tulane, American Athletic Conference, ” SMU, Yulman, Cougars, Houston, USC, USA, Liberty, Southwest Conference, Mustangs, AAC, ACC, Preston, Devean, Yulkeith Brown, TCU, Oklahoma, ” Tulane, AP Locations: “

☆ China's truck industry is buying more driver-assist technology
▼ + stars: | 2023-11-08 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Huanqiu.com | Visual China Group | Getty ImagesBEIJING — China's truck industry is finding more reasons to buy vehicles with assisted-driving technology. The companies trying to sell trucks to fleet operators are including driver-assist tech as a way to make the vehicles more attractive, Gui said. In addition, Chinese authorities require all newly manufactured trucks since 2022 to come with basic driver-assist tech for warning against forward collision and lane departure, Gui said. The startup claims its trucks cost about 5% less than traditional options, on top of safety and environmental benefits. PlatooningOther startups are testing out different forms of driver-assist trucks in China.

Persons: Gui Lingfeng, Gui, Julian Ma Inceptio, Inceptio, Julian Ma, That's, Ma, Didi, Junqing Wei Organizations: Visual China, Getty, BEIJING, Kearney, it's, Industry, SF Holdings, CNBC's East Tech West Locations: Shanghai, China, Tianjin, Beijing, Inner Mongolia, Nansha, Guangzhou

☆ U.S. chip export ban is 'great news,' says partner at Chinese tech investment fund
▼ + stars: | 2023-10-23 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

A partner at a Chinese semiconductor investment fund has welcomed the U.S. government's ban of certain advanced chip types to be exported to China, describing the move as "great news" which may stimulate a domestic ecosystem. Nvidia's H100 chip, used by AI firms in the U.S., was banned for sale in earlier U.S. government restrictions. Wang said the fund invests in semiconductor companies, including those in the AI training and autonomous vehicle sectors. One AI chip company Yang Cheng has invested in will launch its initial public offering this year, while a Shanghai-based AI chip firm is valued at more than $3 billion, Wang added, though she didn't name the firms. "We believe those kind of upstream chipmakers — they will drive, or they will play the leading role in China, and they will create their own ecosystem," Wang added.

Persons: Chloe Wang, Yang Cheng, Wang, Nvidia Organizations: U.S, CNBC's East Tech West, U.S . Department of Commerce Locations: China, Guangzhou, Nansha, U.S, Shanghai

☆ The U.S. is trying to tighten the screws on Chinese AI. What that means for stocks
▼ + stars: | 2023-10-22 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

The artificial intelligence behind ChatGPT-like products and autonomous driving is driving enormous demand for Nvidia's chips in China. Chinese companies also dominate the burgeoning electric car market , where Nvidia has had a fast-growing business of selling chips for assisted and fully autonomous driving. When it comes to such chips for cars, Nomura analysts said there's little reason to worry. Auto chip market BYD, Nio , Li Auto and Xpeng are among the China-based electric automakers using the Orin chip. In the automotive chip category, they noted Nvidia's Thor chip and Qualcomm's Snapdragon Ride Flex chip both fall into that more advanced category.

Persons: Orin, Orin X, Joel Ying, Li Auto, Albert Liu, Weeks, Kneron, Liu, Julian Ma, Ma, Inceptio, Nomura, Inovance Organizations: Nvidia, Nomura, Nomura China Technology, Auto, CNBC's East Tech West, Apple, HSBC, SEC, U.S, Management Locations: China, U.S, Nomura China, South, German, Inovance's, Hong Kong

☆ Chinese listings overseas getting complicated despite growing interest, says NYSE's Ge
▼ + stars: | 2023-10-21 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. There is strong appetite among Chinese companies to list on U.S. stock exchanges, but these IPOs have become a more complicated process, according to Kobe Ge, the head of China at the New York Stock Exchange. But they're not so familiar with the procedures, which have proved to be more challenging of late, he added. "Previously, listing in the U.S. was relatively easy," Ge said, noting it would take just four-and-a-half or five months for Chinese firms to complete a U.S. IPO. Amid a tepid U.S. IPO market, the handful of Chinese names that have been able to list this year have mostly been smaller companies.

Persons: Kobe Ge, they're, Ge Organizations: Global Inc, New York Stock Exchange, CNBC's East Tech West, CNBC, China Securities Regulatory Commission Locations: New York City, U.S, Kobe, China, Covid, Nansha, Guangzhou, Hong Kong

☆ A 'revolution' is coming: CEO shares the challenges and opportunities in autonomous trucking
▼ + stars: | 2023-10-19 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

The CEO of a firm focused on autonomous trucking believes huge change is coming to the sector — with humans and technology working hand in hand to transform the way goods are delivered. Wei said KargoBot was incubated by the Chinese ride-sharing powerhouse Didi for the past three years. KargoBot, he said, already has more than 100 autonomous driving trucks on the road, mainly on routes in Inner Mongolia, northern China. "They have been automatically driving and also, they are delivering goods, they are actually doing commercial operations already." The logistics market, Wei said, is worth more than $1 trillion, with KargoBot focusing on the delivery of raw material for manufacturers and factories.

Persons: Junqing Wei, Wei, KargoBot, Didi Organizations: CNBC's East Tech West Locations: Nansha, Guangzhou, China, Inner Mongolia

☆ A 'revolution' is coming: KargoBot CEO
▼ + stars: | 2023-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA 'revolution' is coming: KargoBot CEODuring a discussion at the East Tech West conference in China, KargoBot CEO Junqing Wei spoke about the opportunities and challenges facing his sector.

Persons: Junqing Wei Organizations: East Tech West Locations: China

☆ U.S. chip export ban is 'great news,' says Chinese tech investor
▼ + stars: | 2023-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. chip export ban is 'great news,' says Chinese tech investorChloe Wang, partner and VP at the YangCheng Fund, described the U.S. Department of Commerce export ban of Nvidia’s A800 and H800 chips to China as "great news," speaking at CNBC's East Tech West conference. YangCheng invests in semiconductors for sectors including artificial intelligence training and autonomous vehicles.

Persons: Chloe Wang, YangCheng Organizations: U.S, YangCheng, U.S . Department of Commerce, CNBC's East Tech West Locations: China

☆ China's anti-corruption health care campaign needs to happen on 'massive scale,' says CEO
▼ + stars: | 2023-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's anti-corruption health care campaign needs to happen on 'massive scale,' says CEOSam Radwan, chief executive of consultancy Enhance International, said the Chinese government crackdown on health care professionals needs to happen on a "massive scale," speaking at CNBC's East Tech West conference. Several public bodies in China launched a campaign against bribes and other types of corruption in July.

Persons: Sam Radwan Organizations: International, CNBC's East Tech West Locations: China

☆ People will be able to wear VR headsets and have meetings on the street 'in the coming year,' says tech CEO
▼ + stars: | 2023-10-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCEO: People will be able to wear VR headsets and have meetings on the street 'in the coming year'Cheng Guo, founder and CEO of StepVR, said that artificial intelligence would enable the development of virtual reality so that people could attend meetings while walking along the street or getting coffee, within a one-year timescale. Guo was speaking at CNBC's East Tech West conference.

Persons: Cheng Guo, Guo Organizations: CNBC's East Tech West

☆ Huawei spin-off Honor says ESG will play a big role in its IPO and is 'embedded' in its DNA
▼ + stars: | 2023-10-18 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

"ESG is embedded into the company's DNA since ... day one," Martin Xu, who is corporate senior vice president at Honor, said Tuesday. Xu added that the business is focusing on a number of ESG-related areas, such as accessibility, environmental protection and transparent governance. ESG and IPOsHonor's Xu argued that ESG is inextricably linked to how his company functions and the business is certainly looking to make moves in the space. Among other things, this year saw Honor publish its first ESG Report, and it has also pledged that its operations will be carbon neutral by 2045. We have to focus on the R&D but link … all these factors with the company's ESG methodology," Xu said.

Persons: Martin Xu, Xu, Honor's Xu, ESG Organizations: CNBC's East Tech West, Huawei, Shenzhen Zhixin, Technology Co, Environmental Locations: ESG, Nansha, Guangzhou, China, Shenzhen

☆ 'No question' that the decarbonization of shipping will contribute to inflation, says industry CEO
▼ + stars: | 2023-10-18 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

The cost of decarbonizing the shipping industry will have a knock-on effect on consumers, according to a CEO in the maritime industry. "There will be an inflationary impact coming from [the] decarbonization of shipping … there is no question of it," Bertrand Chen, CEO of the Global Shipping Business Network, told CNBC's East Tech West conference in the Nansha district of Guangzhou, China. New European rules that effectively tax shipping lines for their emissions would push up costs, Chen added. The European Union's Emissions Trading System (ETS) is set to be extended to the shipping industry starting in January 2024, meaning that large ships entering EU ports will be charged for their carbon dioxide emissions. Chen described the EU initiative as "a natural action that will lead to some interesting effects."

Persons: Bertrand Chen, Chen Organizations: Global Shipping Business Network, CNBC's East Tech West, EU, ETS Locations: Nansha, Guangzhou, China, New

☆ China IPOs overseas facing more hurdles, NYSE head of China says
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina IPOs overseas facing more hurdles, NYSE head of China saysDespite the negative impact from Covid-19, there is still "very strong and growing awareness and motivations for Chinese enterprises, who want to list their companies,” Kobe Ge, head of China at the New York Stock Exchange, told CNBC’s East Tech West conference.

Persons: Kobe Ge Organizations: China, NYSE, New York Stock Exchange, CNBC’s East Tech West Locations: China, Covid, Kobe

☆ UBS head of sustainable finance: Expect more greenwashing regulation, ESG transparency questions
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS head of sustainable finance: Expect more greenwashing regulation, ESG transparency questionsCompanies should expect institutional investors to ask for information about responsibility in their supply chains and for regulation around greenwashing, said Tasos Zavitsanakis, UBS co-head of sustainable finance for Asia-Pacific, at CNBC's East Tech West conference. "There is an element of openness that needs to happen," he added.

Persons: Tasos Zavitsanakis Organizations: UBS, CNBC's East Tech West Locations: greenwashing, Asia, Pacific

☆ Cost of shipping going green will contribute to inflation 'no question,' says industry CEO
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCost of shipping going green will contribute to inflation 'no question,' says industry CEO“There will be an inflationary impact coming from [the] decarbonization of shipping ... there is no question of it," said Bertrand Chen, CEO of the Global Shipping Business Network, speaking at CNBC's East Tech West conference. The EU will extend its Emissions Trading System to the maritime industry in 2024 — effectively a carbon tax to be paid by shipping lines, and a cost to consumers, Chen added.

Persons: Bertrand Chen, —, Chen Organizations: Global Shipping Business Network, CNBC's East Tech West, EU

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