DIRS.INFO The most relevant business & tech news

[1/2] A Hyundai Kona vehicle is unveiled at the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. PERFORMANCEHyundai said vehicle sales rose 8.5% to 1.06 million units in the second quarter, with EV sales soaring 47% to nearly 78,000 units. In the United States, Hyundai's biggest market, sales of green energy cars that include EVs and plug-in hybrids more than doubled to 46,000 units. Overall vehicle sales in the U.S. grew 14% to 225,000 units, led by sedans, while in South Korea, its second-biggest market, sales rose 13% to 206,000 units. Hyundai said last month it planned to boost EV production in the United States to three-quarters of its total production there by 2030 from just 0.7% now.

Persons: Andrew Kelly, Elon Musk, Kim Jinwoo, Zayong Koo, Refinitiv SmartEstimate, 1,279.1700, Heekyong Yang, Miyoung Kim, Jacqueline Wong Organizations: Hyundai, New York, REUTERS, Kia Corp, Korea Investment & Securities, EV, Thomson Locations: Manhattan , New York City, U.S, SEOUL, KS, United States, North America, South Korea

[1/5] A worker sweeps a street in the Central Business District on a rainy day in Beijing, China, July 12, 2023. REUTERS/Thomas PeterBEIJING, July 18 (Reuters) - China is entering an era of much slower economic growth, raising a daunting prospect: it may never get rich. He expects growth to slow to 3%, which "will feel like an economic recession" when youth unemployment is already above 20%. The April-June data puts 2023 growth on track for roughly 5%, with slower rates thereafter. But China's annual growth averaged around 7% last decade, and more than 10% in the 2000s.

Persons: Thomas Peter BEIJING, Desmond Lachman, year's, Wang Jun, Zheng Shanjie, Zheng, Richard Koo, Juan Orts, Xi Jinping's, Zhao, Cai Fang, Zhu Ning, Koo, Liangping Gao, Ellen Zhang, Ziyi Tang, Kevin Yao, Joe Cash, Marius Zaharia, David Crawshaw Organizations: Central Business District, REUTERS, American Enterprise Institute, Reuters, Communist, Huatai Asset Management, Reform Commission, Overseas, Nomura Research Institute, Fathom Consulting, Shanghai Advanced Institute of Finance, Thomson Locations: Beijing, China, Japan, United States, Young, Africa, Latin, U.S, Central

☆ China is teetering on the brink of deflation. That's a huge red flag for the global economy.
▼ + stars: | 2023-07-11 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

China is teetering on the brink of deflation – where prices fall, rather than rise. Essentially, it's the opposite of what's happening in the US – and that could be a huge red flag for the global economy. Deflation "is a very bad sign macroeconomically," economist Richard Koo said in a recent episode of Bloomberg's "Odd Lots" podcast. "Individually, [people trying to save money] might be doing the right things, but collectively, they may be killing the economy." But if those policies don't work, there could be pain ahead for the global economy.

Persons: it's, Richard Koo Organizations: Service, US Federal Reserve, Gross, Apple, Nike Locations: China, Wall, Silicon, Beijing, Japan

☆ Exclusive: Taiwan on alert for Chinese-funded election interference
▼ + stars: | 2023-06-21 | by ( Yimou Lee | ) www.reuters.com time to read: +5 min

"They hope to influence Taiwanese people by reaching out to the grassroots," said one Taiwan security official with direct knowledge of the matter. "They hope to influence swing voters who don't have particular political affiliation and would vote for whoever gives them benefits." It is illegal under Taiwanese law for an election campaign to receive money from "external hostile forces," including China. The report said the underground banking systems in Taiwan, which are widely known but difficult to regulate, could provide foreign exchange support. Some Taiwanese have been prosecuted in recent years over receiving illicit support from China in election campaigns.

Persons: Tsai Ing, China's, Wellington Koo, Tsai, Yimou Lee, Gerry Doyle Organizations: Reuters, National Security Council, Chinese Communist Party, Taiwan Affairs Office, Democratic Progressive Party, Mainland Affairs Council, Thomson Locations: TAIPEI, China, Beijing, Taiwan, Wellington, New Taipei City

☆ Japan’s economic scars might blind it to inflation
▼ + stars: | 2023-06-13 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +8 min

Investors worry about market ructions if Ueda hikes rates now but there is another risk: that he waits too long. Reuters GraphicsUeda’s inaction – and the domestic markets’ positive response – have bought him time to focus on evaluating macroeconomic fundamentals, particularly inflation. The country only emerged from a decades-long deflationary rut relatively recently, so local economists, executives and consumers are unused to worrying about consumer prices rising too fast. The government’s latest draft of its long-term economic plan, seen by Reuters on June 2, remains focused on eradicating Japan's “long-held deflationary mindset”. "We expect inflation to quite clearly slow below 2%" toward the middle of the current fiscal year, Ueda told parliament.

Persons: Kazuo Ueda, Haruhiko Kuroda, Ueda, ’, –, Richard Koo, Shinzo Abe, Francesco Guerrera, Katrina Hamlin Organizations: Reuters, Bank of Japan, Nikkei, Nasdaq, Bank for International, Toyota, Toshiba, Black Monday, Japan Inc, International Monetary Fund, of, Thomson Locations: TOKYO, Japan, United States, U.S, Great, China, Europe, Germany, Italy, of Japan’s

☆ China is likely to face a 'balance sheet recession,' economist says
▼ + stars: | 2023-06-07 | 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 is likely to face a 'balance sheet recession,' economist saysRichard Koo of the Nomura Research Institute says the country is likely to face such a situation "given what's happening to the asset markets."

Persons: Richard Koo Organizations: China, Nomura Research Institute

☆ How to land a job with Blackstone, Apollo, KRR, and other private equity titans
▼ + stars: | 2023-06-06 | by ( Kaja Whitehouse | ) www.businessinsider.com time to read: +6 min

Private equity is often seen as the Holy Grail of finance jobs — but breaking in can be challenging. We also have data on private equity pay and the industry's top recruiters. Here is what we found about pay at private equity firms, including Blackstone, Apollo, and Bain Capital. Private equity recruiting has been starting earlier than ever Getty ImagesPrivate equity firms like to recruit young talent from investment banks. These days, the private equity recruiting process has started earlier than ever, resulting in middle-of-the-night interviews with offers being made — and blown up — all before Labor Day.

Persons: —, bymuratdeniz, Blackstone, Samantha Lee, Drew Angerer, Skye Gould, Jon Gray, Grace Koo, Read, Carlyle, Alex Crisses, Thoma Bravo, Warburg Pincus, Wharton's, Axel Springer Organizations: Blackstone, KKR, Service, Apax Partners, Oaktree, of Foreign Labor, Apollo, Bain Capital, Labor, General Atlantic, PJT Partners, Partners, dealmakers, Wall, University of Michigan Locations: Carlyle, Blackstone, Axel

☆ China imposes further sanctions on Taiwan's US representative
▼ + stars: | 2023-04-07 | by ( ) www.reuters.com time to read: +2 min

BEIJING/TAIPEI, April 7 (Reuters) - China has imposed further sanctions on Hsiao Bi-khim, Taiwan's de facto ambassador to the United States, prohibiting her and family members from entering the mainland, Hong Kong and Macau, state media reported on Friday. The sanctions, announced by China's Taiwan Affairs Office, also prohibit investors and firms related to Hsiao from cooperating with mainland organisations and individuals. They come after Taiwanese President Tsai Ing-wen's meeting with U.S. House Speaker Kevin McCarthy during a stopover in the United States this week. Others on the August sanctions list also include Taiwan foreign minister Joseph Wu and Secretary-General of Taiwan's National Security Council Wellington Koo, and DPP politicians. Chinese sanctions will have little practical impact as senior Taiwanese officials do not visit China while Chinese courts do not have jurisdiction in Taiwan.

☆ China imposes further sanctions on Taiwan's U.S. representative
▼ + stars: | 2023-04-07 | by ( ) www.cnbc.com time to read: +2 min

China has imposed further sanctions on Hsiao Bi-khim, Taiwan's de facto ambassador to the United States, prohibiting her and family members from entering the mainland, Hong Kong and Macao, state media reported on Friday. The sanctions, announced by China's Taiwan Affairs Office, also prohibit investors and firms related to Hsiao from cooperating with mainland organizations and individuals. They come after Taiwanese President Tsai Ing-wen's meeting with U.S. House Speaker Kevin McCarthy during a stopover in the United States this week. Others on the August sanctions list also include Taiwan foreign minister Joseph Wu and Secretary-General of Taiwan's National Security Council Wellington Koo, and DPP politicians. Chinese sanctions will have little practical impact as senior Taiwanese officials do not visit China while Chinese courts do not have jurisdiction in Taiwan.

"Wow, the PRC (People's Republic of China) just sanctioned me again, for the second time," Hsiao tweeted in response to the announcement. Taiwan's Foreign Ministry reacted angrily, saying China had no right to "butt in" when it came to Tsai's overseas trips and that Beijing was "deceiving itself" if it thought the sanctions would have any effect. China has also banned the leaders from entering the country, and frozen any properties they have in China, it said. Chinese sanctions will have little practical impact as senior Taiwanese officials do not visit China while Chinese courts do not have jurisdiction in Taiwan. Others on the August sanctions list include Taiwan Foreign Minister Joseph Wu; Wellington Koo, Secretary-General of Taiwan's National Security Council; and DPP politicians.

☆ Taiwan president discusses 'regional situation' ahead of McCarthy meeting
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: +1 min

TAIPEI, April 5 (Reuters) - Taiwan President Tsai Ing-wen met with senior security officials on Tuesday to discuss the "regional situation" ahead of her meeting with U.S. House Speaker Kevin McCarthy in California, which China has demanded not take place. China, which claims Taiwan as its own territory, has threatened unspecified retaliation if the get-together, scheduled for Wednesday, happens. After then-House Speaker Nancy Pelosi visited Taipei in August, China staged war games around Taiwan. Tsai "listened to a briefing on the overall regional situation", her office said in a statement. Taiwan has no far not reported any unusual Chinese military movements ahead of the McCarthy meeting.

☆ Taiwan president reviews troops ahead of sensitive U.S. visit
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: +2 min

[1/5] Taiwanese President Tsai Ing-wen looks at a close combat demonstration while visiting a military base in Chiayi, Taiwan March 25, 2023. She is making a high-profile and sensitive trip to the United States and Central America starting on Wednesday. China has condemned the United States for allowing her to go, though her visit there is technically only a transit. At the end of the trip, Tsai is expected to meet U.S. House Speaker Kevin McCarthy in Los Angeles. Visiting an army base in Chiayi in southern Taiwan, Tsai reviewed their training, seeing them erect anti-tank barriers and practice martial arts.

☆ Twitter rival Koo integrates ChatGPT to help users create content
▼ + stars: | 2023-03-13 | by ( Sheila Dang | ) www.reuters.com time to read: +2 min

[1/2] A ChatGPT integration is shown in the Koo social media app, in this undated handout photo provided by Koo, and obtained by Reuters on March 12, 2023. Koo/Handout via REUTERSMarch 13 (Reuters) - Koo, an India-based social media app that aims to rival Twitter, has integrated OpenAI's ChatGPT to help users more easily create posts, the company's co-founder told Reuters. Koo users will be able to use ChatGPT directly within the app to help them draft posts about current events, politics or pop culture, said Mayank Bidawatka, co-founder of Koo, in an interview. Users can either type their prompts into the ChatGPT tool or use Koo's voice command feature. About 20% of Koo users actively create content on the app and the ChatGPT integration could help increase that figure, he added.

☆ Taiwan Foreign Minister Held High-Level Meeting in Washington
▼ + stars: | 2023-02-23 | by ( Joyu Wang | ) www.wsj.com time to read: 1 min

TAIPEI—Taiwan’s foreign minister traveled to the U.S. this week for an unusual high-level meeting with senior American officials in the Washington area. Photos and video from Taiwan’s state-run Central News Agency showed Foreign Minister Joseph Wu and National Security Council chief Wellington Koo waving as they left the Washington headquarters of the American Institute in Taiwan, along with U.S. Deputy Secretary of State Wendy Sherman and other U.S. officials.

☆ White House to hold talks with Taiwan officials in Washington - FT
▼ + stars: | 2023-02-18 | by ( ) www.reuters.com time to read: 1 min

Feb 18 (Reuters) - The White House will meet senior Taiwan officials next week in Washington for talks meant to be private to avoid an angry reaction from China, the Financial Times reported on Saturday. Foreign Minister Joseph Wu and National Security Adviser Wellington Koo would lead the delegation, the newspaper said, citing five people familiar with the talks whom it did not name. The Taiwanese team will meet U.S. Deputy National Security Adviser Jon Finer and Deputy Secretary of State Wendy Sherman, the FT said. Reporting by Rishabh Jaiswal in Bengaluru; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ The tech meltdown comes for Gen Z
▼ + stars: | 2023-02-14 | by ( Aki Ito | ) www.businessinsider.com time to read: +7 min

The tech industry was teetering, and she wondered whether the future she had banked on would survive. On Handshake, a leading jobs board for college students, entry-level software positions in the tech industry slumped 14% last year. "I'm finding that students are pivoting to organizations that have IT functions but are not in the tech industry," says Laura Garcia, director of career education at Georgia Tech. Given the seismic downturn in tech, some students are rethinking their dreams of working for the Amazons and Googles and Metas of the world. Suddenly, in the eyes of Gen Z, tech seems to be just as ruthless and unreliable of an employer as banking did to millennials who came of age in the Great Recession.

Singapore will report the budget for the coming fiscal year on Tuesday, will probably reinforce longer-term investment priorities including digitalization, green energy transition, and health services for an ageing society. Photographer: Edwin Koo/Bloomberg via Getty ImagesAsia-Pacific shares are to trade higher as investors await the release of the U.S. consumer price index report, which will shape the Federal Reserve's path ahead. In Australia, the S&P/ASX 200 rose 0.63% in its first hour of trade as investors anticipate the release of the country's consumer sentiment survey for February. Nikkei 225 futures in Chicago were fractionally up at 27,720, while its counterpart in Osaka stood at 27,700, higher than its last close at 27,427.32. The Japanese yen stood at 132.33 against the U.S. dollar ahead of the Japanese government's expected nomination of its next Bank of Japan governor.

☆ A fire just razed a slum in the heart of one of Korea's ritziest neighborhoods. It highlights the vast wealth gap and tight proximity in which Seoul's richest and poorest live.
▼ + stars: | 2023-01-20 | by ( Cheryl Teh | Amanda Goh | ) www.businessinsider.com time to read: +6 min

On January 20, a fire tore through the shantytown of Guryong village in Seoul. Firefighters and rescue workers clean up the site of a fire at Guryong village in Seoul, South Korea, Friday, Jan. 20, 2023. ED JONES/Getty ImagesGuryong feels like a world away from Seoul, but it's very close to where the most well-heeled people in South Korea live. Around a fifth of single-person households in Seoul live in spaces under 14 square meters, or 150 square feet. But for now it's still Guryong village — a smoldering scar on the sparkling facade South Korea would rather have you looking at instead.

☆ NFL roundup: 49ers clip Raiders in OT, win 9th straight
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +12 min

Jones completed 19 of 24 passes for 177 yards and had 11 carries for a team-high 91 rushing yards. Buccaneers 30, Panthers 24Tom Brady threw three touchdown passes to Mike Evans and orchestrated a fourth-quarter comeback as Tampa Bay clinched the NFC South by beating visiting Carolina. Jerick McKinnon caught two touchdown passes and Blake Bell also made a scoring grab for the Chiefs (13-3). Cooper caught touchdown passes of 46 and 33 yards and running back Nick Chubb had 104 yards on 14 carries. Seahawks 23, Jets 6Geno Smith threw two touchdown passes as Seattle remained in the playoff race with a win against visiting New York.

☆ DeVante Parker: NFL says it is reviewing an apparent head injury incident during Monday's Patriots game
▼ + stars: | 2022-12-14 | by ( Kevin Dotson | ) edition.cnn.com time to read: +27 min

CNN —The NFL and the NFL Players Association are looking into an incident in which an apparent head injury to New England Patriots wide receiver DeVante Parker seemingly went unnoticed by medical staff and spotters, league spokesman Brian McCarthy tells CNN. Jeff Dean/AP Los Angeles Chargers wide receiver Mike Williams catches a pass against Miami Dolphins cornerback Xavien Howard on December 11. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Cardinals vs Patriots: Arizona's woes continue as Kyler Murray hurt in 27-13 loss to New England
▼ + stars: | 2022-12-13 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +27 min

Jeff Dean/AP Los Angeles Chargers wide receiver Mike Williams catches a pass against Miami Dolphins cornerback Xavien Howard on December 11. Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Von Miller: Buffalo Bills defensive star is out for the season with torn ACL
▼ + stars: | 2022-12-08 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +25 min

Tony Gutierrez/AP Buffalo wide receiver Stefon Diggs digs into a turkey leg after the Bills defeated Detroit on Thanksgiving Day. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Marcio Jose Sanchez/AP Minnesota wide receiver Justin Jefferson dives for a two-point conversion during the Vikings' 29-22 victory over the Chicago Bears. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ Henry Anderson: Carolina Panthers defensive end reveals he recently had stroke -- but wants to play on Sunday
▼ + stars: | 2022-12-08 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +26 min

Tony Gutierrez/AP Buffalo wide receiver Stefon Diggs digs into a turkey leg after the Bills defeated Detroit on Thanksgiving Day. Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Gerald Herbert/AP Indianapolis Colts wide receiver Michael Pittman Jr. is tripped up by Denver Broncos cornerback K'Waun Williams. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J.

☆ NFL Thanksgiving Day previews: Bills, Cowboys, Vikings in action
▼ + stars: | 2022-11-23 | by ( Hannah Brewitt | ) edition.cnn.com time to read: +26 min

Gary McCullough/AP Green Bay Packers wide receiver Samori Toure is tackled by Detroit Lions safety Will Harris. Norm Hall/Getty Images Buffalo Bills quarterback Josh Allen hurdles Kansas City Chiefs safety Justin Reid as he scrambles for a first down. Gary A. Vasquez/USA Today Sports/Reuters New Orleans Saints wide receiver Michael Thomas makes a reception against Atlanta Falcons cornerback A.J. To see if history repeats itself with a Cowboys win, or if the Giants can pull off the upset, tune in on Thursday at 4:30 p.m. Bill Belichick’s team could be on the cusp of a hot streak and are hitting the Vikings game at just the right time.

☆ NFL roundup: Joe Burrow helps Bengals get revenge vs. Steelers
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +10 min

Both of Herbert's touchdown passes were caught by Joshua Palmer, who finished with eight catches for 106 yards. Quarterback Marcus Mariota paced Atlanta's offense with 131 passing yards, a passing touchdown and a rushing touchdown. Hurts finished with 190 passing yards and 86 passing yards. Saints 27, Rams 20Andy Dalton threw three touchdown passes as host New Orleans defeated Los Angeles, which lost Matthew Stafford to a possible concussion. Kirk Cousins was ineffective in the passing game, totaling 105 yards through the air while completing 12 of 23 passes.

Search resuls for: "" Koo"

25 mentions found