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Bahanaga Bahanaga Bazar rail station Site of initial impact Coromandel Express passenger train Freight train carrying iron ore Bahanaga Bahanaga Bazar rail station Site of initial impact Coromandel Express passenger train Freight train carrying iron ore Bahanaga Bahanaga Bazar rail station Site of initial impact Freight train carrying iron ore Coromandel Express passenger train The New York Times; aerial drone image via ReutersInvestigators of the deadly multi-train crash in India have focused on the possibility that it was caused by an electronic signal system failure. 1 Two passenger trains approach◀ South to Chennai North to Kolkata ▶ Other freight train Second passenger train Coromandel Express Freight train with iron ore ◀ South to Chennai North to Kolkata ▶ Other freight train Second passenger train Coromandel Express Freight train with iron oreAt around 7 p.m. local time, the Coromandel Express passenger train approached from the north at a speed of about 80 miles per hour. 2 Coromandel Express veers onto occupied trackOther freight train Second passenger train (exact position unknown) Possible signal system failure Coromandel Express Freight train with iron ore Second passenger train (exact position unknown) Other freight train Coromandel Express Possible signal system failure Freight train with iron oreThe Coromandel Express veered onto an adjacent track occupied by an idled freight train that was loaded with iron ore. An Indian Railways official said that a problem with the signal system was most likely the overall cause of the crash, though investigations were still underway. 3 First passenger train collides with freight trainOther freight train Second passenger train (exact position unknown) Coromandel Express Freight train with iron ore Collision Second passenger train (exact position unknown) Other freight train Coromandel Express Freight train with Iron ore CollisionThe Coromandel Express collides with the freight train. 4 Second passenger train is hitOther freight train Second passenger train Freight train with iron ore Derailed cars strike second passenger train Coromandel Express Other freight train Freight train with Iron ore Derailed cars strike second passenger trainThe derailed cars from the Coromandel Express strike the second passenger train as it passes, causing two cars at the end of the second passenger train to derail.

Organizations: New York Times, Reuters Investigators, Coromandel, Indian Railways, Coromandel Express Locations: India, Chennai North, Kolkata, Howrah, Coromandel

☆ China's domestic travel recovery marred by anti-spending 'special forces'
▼ + stars: | 2023-05-17 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +4 min

[1/2] Passengers wait to board trains at Shanghai Hongqiao railway station ahead of the five-day Labour Day holiday, in Shanghai, China, April 28, 2023. To get to the ancient temples, pagodas and grottoes she wanted to visit, she walked roughly 30,000 steps a day. "I can control the expenses, to go to many places for the least amount of money, but it is really tiring." "Maybe I didn't wear the right shoes, but my feet started to hurt after walking more than 10,000 steps," she said, joking that she exemplified "the battle-scarred version of special forces travel." ($1 = 6.9121 Chinese yuan renminbi)Reporting by Casey Hall and Shanghai newsroom; Editing by Marius Zaharia and Lincoln Feast.

☆ How to put your best travel foot forward for Earth Day 2023
▼ + stars: | 2023-04-22 | by ( Forrest Brown | ) edition.cnn.com time to read: +20 min

But you don’t have to totally cut out travel or stay super close to home to be a good planetary citizen. You need a city that’s dedicated to getting it right to best enjoy an urban biking vacation. Here, we've curated 30 of our favorite corners, including the Thu Bon River, which flows through central Vietnam. A maze of rivers and caves, the UNESCO World Centre is defined by its craggy limestone facades and jade green water. Bruno De Hogues/Photodisc/Getty Images Phong Nha-Ke Bang National Park: A UNESCO World Heritage, Phong Nha-Ke Bang National Park is heaven for spelunkers.

☆ JPMorgan, Citi raise full-year forecasts for China's economy
▼ + stars: | 2023-04-19 | by ( Jihye Lee | ) www.cnbc.com time to read: +4 min

Steven Han | Moment | Getty ImagesAnalysts at JPMorgan and Citi raised their full-year forecasts for China's economy after it delivered an impressive first-quarter gross domestic product growth of 4.5% on Tuesday. Citi economists noted that while services outperformed in the consumption-driven growth for the first quarter, they remain cautious on their forecasts. "The release of pent-up demand during Covid and holiday helped, but we remain cautious on its outlook without big stimulus in sight and the discounts intensifying," Citi economists wrote. With economy stabilization playing out, structural reform could be the next theme to watch," Citi economists wrote. "Risks facing our full-year GDP forecast of 5.7%Y is now skewed to the upside given a strong entry," Morgan Stanley economists led by Zhipeng Cai wrote.

☆ Will This Be the ‘Indian Century’? Four Key Questions
▼ + stars: | 2023-04-19 | by ( Alex Travelli | Weiyi Cai | ) www.nytimes.com time to read: +11 min

Annual population growth 3% Growing population Projected Projected 2% India’s population is projected to grow until the 2060s. 1% 0 Declining population -1% 1960 2000 2040 2080 3% Projected 2% China’s population declined for the first time in 2022. Fertility rate 8 children per woman Projected Projected 6 India 4 India’s fertility rate ensures a roughly stable population. Age 100+ Male Female Male Female 95–99 90–91 85–89 80–81 75–79 70–71 Nearly 80% of India’s population is younger than 50. 20–21 15–19 10–11 5–9 0–4 Age 100+ Male Female 95–99 90–91 85–89 80–81 Nearly 80% of India’s population is younger than 50.

☆ China’s GDP beat looks a tad too reassuring
▼ + stars: | 2023-04-18 | 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: +3 min

The risk is the shopping recovery gets bifurcated between luxury purchases and basic needs, leaving out big-ticket middle-class items. Meanwhile, Chinese savers added another 10 trillion yuan ($1.4 trillion) to their household deposits in the first quarter, reinforcing concerns that they will keep hoarding instead of splurging. Bank loans hit an all-time high of 10.6 trillion yuan in the first quarter, yet that did not appear to translate into private investment in fixed assets, which is barely growing. In a speech in March, Cai Fang, a member of the central bank’s monetary policy committee, suggested transferring 4 trillion yuan directly to households to compensate for weak income growth. If the first quarter’s print turns out to be misleadingly rosy, China’s reopening boom could quiet down quickly.

☆ 35 Ways Real People Are Using A.I. Right Now
▼ + stars: | 2023-04-14 | by ( Francesca Paris | Larry Buchanan | ) www.nytimes.com time to read: +24 min

People are using ChatGPT and other A.I. Here’s how 35 real people are using A.I for work, life, play and procrastination. People are using A.I to …Plan gardens. Chris Norn Researcher at the University of Washington Two years ago researchers cracked the code on using A.I. When you run a Dungeons & Dragons game, Mr. Green says, you have to be creative, but that almost always means pulling from existing fantasy literature.

☆ Cowen's Cai von Rumohr breaks down Boeing and Spirit Aerosystem's production issues
▼ + stars: | 2023-04-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCowen's Cai von Rumohr breaks down Boeing and Spirit Aerosystem's production issuesCai Von Rumohr, Cowen managing director, joins 'Closing Bell: Overtime' to discuss Boeing and Spirit shares and Boeing's 737 max production issue.

☆ Biden's 'social media army:' New digital strategy uses influencers to reach voters
▼ + stars: | 2023-04-10 | 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 EmailBiden's 'social media army:' New digital strategy uses influencers to reach votersHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Sophia Cai, national politics reporter for Axios, and Joanne Lipman, Yale University lecturer, join the show to discuss a White House effort to create a 'social media army' ahead of the 2024 presidential election.

☆ China tax department says economy's rebound to be further consolidated
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +1 min

BEIJING, April 6 (Reuters) - The rebound of China's economy will be further consolidated and tax revenues in the second quarter will likely grow faster, but the economy still faces many uncertainties at home and abroad, the taxation administration said on Thursday. The world's second-biggest economy grew 3% last year, the weakest in nearly half a century. To spur growth in 2022, China cut fees and gave credit rebates on tax to private businesses that were hit hard by stringent COVID-19 lockdowns and curbs. In 2022, the tax and fee cuts, tax refunds and deferred payments totalled 4.2 trillion yuan, according to the finance ministry. That included 2.4 trillion yuan in VAT tax rebates, the largest in recent years.

☆ Exclusive: Shenzhen bourse taps intelligence tech firm as China battles capital market fraud
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +4 min

The Shenzhen Stock Exchange did not respond to Reuters' request for comment. EC Guard declined to be interviewed. The United States in 2019 placed EC Guard on its so-called entity list of companies that are subject to U.S. trade restrictions for reasons such as national security. Using that technology, EC Guard can identify relationships between users helping regulators identify potential illegal activity and also trace a company's ultimate shareholders to ensure they are legitimate owners, the person said. The Shanghai Stock Exchange, the country's largest bourse, stepped up its fight against fraud in December with a new generation of systems that supervise securities trading.

REUTERS/Florence Lo/Illustration/File PhotoHONG KONG, Feb 27 (Reuters) - JPMorgan (JPM.N) is proposing a new Asia credit index with slashed China weighting in parallel to its existing $85 billion Asia credit index, two sources said, amid growing geopolitical tensions and dimming appetite for Chinese property bonds. For the new index, JPMorgan has suggested the weighting of China be cut to close to 30% compared with a level of about 43% in its existing JPMorgan Asia credit index (.JPMACI) (JACI) in which China is the largest component, according to one person with direct knowledge of the matter. JACI is a premier Asia credit index, tracked by fund managers controlling more than $85 billion worth of assets, according to the January proposal. INDEX RESHUFFLEThe proposal to reduce China weighting came after some fund managers pushed JPMorgan to cut JACI's China debt exposure, two sources said, as its poor performance dragged down popularity of the passive products that track the index. Jane Cai, a fixed income portfolio manager at China Asset Management (Hong Kong), said at a media briefing this month that JPMorgan was also internally discussing an ex-China Asia credit index.

☆ Boeing shares fall after new Dreamliner delivery halt
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +2 min

Feb 24 (Reuters) - Boeing Co (BA.N) shares fell 3.2% in premarket trading on Friday after the U.S. planemaker temporarily halted deliveries of its 787 Dreamliner jets over a documentation issue related to a fuselage component. Some analysts said the latest hiccup in 787 deliveries should not result in any design changes and jets in service should continue to fly. Seifman said the brokerage believes this should not result in additional rework and that Boeing can produce the required documentation fairly quickly. Since the resumption of deliveries, production of the 787 has experienced some disruptions as the planemaker battles supply and labor shortages. Earlier this month, Spirit said the process of retrofitting stored fuselages for the 787 jets was taking longer than expected.

After Russia invaded Ukraine, the West formed what looked like an overwhelming global coalition: 141 countries supported a United Nations measure demanding that Russia unconditionally withdraw. South Korea Indonesia Israel Thailand Japan Saudi Arabia Philippines Afghanistan CambodiaBy contrast, Russia seemed isolated. Eritrea “Russian actions are being distorted” North Korea Russia Belarus Syria Eritrea “Russian actions are being distorted” North Korea Russia Belarus SyriaBut the West never won over as much of the world as it initially seemed. But like many other African countries, South Africa appears careful to balance its growing ties with Russia against maintaining a relationship with the West. Others that provided Ukraine with military support have declined to impose economic sanctions on Russia.

China’s official count 0 2.5 million 83,150 deaths Model based on Shanghai outbreak 1.6 million deaths LOW ESTIMATE HIGH ESTIMATE Estimate using travel patterns 970,000 deaths Estimate using recent testing data 1.5 million deaths Estimate based on U.S. death rates 1.1 million deaths China’s official count 0 2.5 million 83,150 deaths Model based on Shanghai outbreak 1.6 million deaths LOW EST. But China’s official Covid death toll for the entire pandemic remains strikingly low: 83,150 people as of Feb. 9. Four separate academic teams have converged on broadly similar estimates: China’s Covid wave may have killed between a million and 1.5 million people. Why official data underrepresents China’s outbreak83,150 deaths China’s official count on Feb. 9 0 2.5M 83,150 deaths China’s official count on Feb. 9 0 2.5 millionChina has a narrow definition of what counts as a Covid-19 death. But the work was unwavering in its ultimate conclusion: Ending the “zero Covid” policy was likely to overwhelm the health care system, producing an estimated 1.6 million deaths.

MethodologyThe 3-D scene was created using photographs of the venue for reference. The positions of the players were determined from a photograph taken at that moment during the play. The player models were created using a machine learning model called ICON, which was created by Yuliang Xiu, Jinlong Yang, Dimitrios Tzionas, Michael J. Black and the Max Planck Institute. The models were refined manually using photographs as reference.

☆ Cowen names this little-known defense systems stock a top pick, says it can rally 40%
▼ + stars: | 2023-02-06 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Aerospace and defense company Moog is Cowen's top small and medium-cap pick for 2023. Analyst Cai von Rumohr reiterated the stock's outperform rating, calling it a transition story with 40% upside from Friday's close. "Given Moog's strong position in attractive niche markets, we think this strategy makes lots of sense. However, von Rumohr believes that much of the company's risks have already abated. "The integrated satellite bus program entails risk; but risk is abating as Moog is 80% through software development.

☆ Defense firms set to post higher sales, McCarthy's election clouds outlook
▼ + stars: | 2023-01-23 | by ( Nathan Gomes | ) www.reuters.com time to read: +3 min

** Raytheon is expected to post quarterly revenue of $18.15 billion and a profit of 92 cents a share. ** General Dynamics is estimated to report quarterly revenue of $10.69 billion and a profit of $3.55 per share. ** Northrop is expected to report quarterly revenue of $9.66 billion and a profit of $6.58 per share. Median 12-month price target is $495. Median 12-month price target is $566.

☆ How China planted an FBI mole who was discovered only after gutting the CIA's vast spy network
▼ + stars: | 2023-01-18 | by ( James Bamford | ) www.businessinsider.com time to read: +25 min

At the time, four years after the handover from Britain to China, much of Hong Kong remained a world of neon and noise. "Five years ago, everyone looked down on you if you spoke Mandarin," said a Beijing executive living in Hong Kong. As soon as the Hong Kong Arts Festival ended, the Hong Kong International Film Festival began. In February 2006, Alex Ma, China's mole in the FBI, sent David photos he received from his handlers of five suspected human sources. Born in Hong Kong like Alex, Lee grew up in Hawaii and became a naturalized U.S. citizen.

☆ Founders growing meat in labs raised a huge $600 million in 2022. Check out the pitch deck used by Multus to raise $9.5 million to make slaughter-free growth serum.
▼ + stars: | 2023-01-16 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Lab-grown or cultivated meat is real meat grown from the cells of an animal in a controlled environment, as opposed to rearing and slaughtering said animals. It is now honing in on specific use cases to help cultivated meat manufacturers nail the taste and texture of their products. It expects to bring a range of products to market in 2023, including a growth media specifically for beef. The end goal is to also provide growth media for lab-grown dairy and leather. As well as off-the-shelf products, Multus takes advantage of data and automation to discover new growth media ingredients and formulations.

Exports, which constitute about 22% of the industry, have fallen for five months in a row - declining over 15% year-on-year in November to $3.1 billion. Domestic sales are sluggish despite strong growth in the overall economy because of high costs and cheap imported garments, manufacturers say. Reuters GraphicsIn the textile industry, manufacturers say higher domestic cotton prices and other costs have hit profit margins, while overseas orders for next summer are down by about one-third and domestic demand remains weak. "The government needs to scrap the 11% import duty on cotton so local textile mills can have a level playing field," Ganatra said. Reuters GraphicsFEAR OF JOB CUTSMany textile manufacturers, who have frozen hiring of workers, have warned of jobs cuts if the government fails to provide relief soon.

Mr. Trump has said that before leaving office he had declared the documents declassified, but so far, no credible evidence was found to support this. “Declassification is based on the determination that the information no longer would cause harm to national security if it were disclosed to people not otherwise entitled to access it,” said Mary McCord, a former acting assistant attorney general at the Justice Department.

☆ China shipyards feast on record LNG tanker orders as South Korea builders are full up
▼ + stars: | 2022-12-12 | by ( Chen Aizhu | ) www.reuters.com time to read: +7 min

Chinese shipyards this year won 45 LNG tanker orders worth an estimated $9.8 billion, about five times their 2021 order values, according to shipping data provider Clarksons Research. By late November, Chinese yards had grown their LNG order books to 66 from 21, giving them 21% of global orders worth around $60 billion. Still, Chinese yards received 19 foreign orders for LNG tankers this year and that number is likely to grow. "Chinese yards have become more attractive because of the South Korean backlog, as well as rising costs," said ICIS analyst Songer. Chinese yards' relationship with GTT also helps, he said.

☆ Late Chinese leader Jiang Zemin's ashes are scattered at mouth of Yangtze River
▼ + stars: | 2022-12-11 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Dec 11 (Reuters) - The ashes of late Chinese leader Jiang Zemin were scattered into the sea at the mouth of the Yangtze River on Sunday, the state-run Xinhua news agency said. After arriving in Shanghai, the ashes were taken by hearse to the Wusong military port. Then Jiang's relatives escorted the ashes aboard the Yangzhou, a Chinese People's Liberation Army warship which was named after Jiang's hometown Yangzhou, Xinhua said. At the mouth of the Yangtze River, Jiang's widow Wang Yeping and other relatives, as well as Cai Qi, a senior Communist Party member, slowly scattered Jiang's ashes and colourful flower petals to the river and sea, it said. "Comrade Jiang Zemin devoted his life unreservedly to the motherland and the people," Xinhua said.

☆ China's Xi thanks late leader Jiang Zemin for ensuring party's survival from 'storms'
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +3 min

Li Xueren/Xinhua via REUTERSBEIJING, Dec 6 (Reuters) - Chinese President Xi Jinping paid tribute to former leader Jiang Zemin on Tuesday for ensuring the Communist Party's survival from "political storms" and reforming it to inject new vitality and modernise the country's economy. "In the late 1980s and early 1990s, serious political storms occurred at home and abroad, and world socialism experienced severe complications. Some Western countries imposed so-called 'sanctions' on China," Xi told an audience including China's top leadership and Jiang's direct successor Hu Jintao. But Jiang stepped forward to press reform and opening up, strengthen the party's ties with the people, engage in "diplomatic struggles" and upheld China's independence, dignity, security and stability, Xi added. Attendees at the ceremony all stood as Xi spoke, and wore white chrysanthemums, a traditional Chinese symbol for mourning.

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