DIRS.INFO The most relevant business & tech news

☆ The 'Chinese Warren Buffett' wrote a glowing tribute likening the late Charlie Munger to Buddha and Confucius
▼ + stars: | 2023-12-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +2 min

Li Lu, the "Chinese Warren Buffett," penned a tribute to his late mentor Charlie Munger. Li earned Munger's acclaim after he nearly quintupled Munger's $88 million investment in his fund. AdvertisementA hedge fund manager the late Charlie Munger once called the "Chinese Warren Buffett" has penned a glowing tribute to his mentor and friend, likening Munger to "an enlightened sage." Li penned a tribute to his late mentor in a Facebook post published on Friday. AdvertisementThe feelings between Li and Munger appear to be mutual, with Munger once saying that Li would become one of Berkshire Hathaway's top investment chiefs.

Persons: Li Lu, Warren Buffett, Charlie Munger, Li, Munger, —, it's Organizations: Service, Berkshire Hathaway's, Wall Street, Business Insider Locations: Himalaya, Munger, Thailand, Charlie, China, India, Berkshire

☆ Charlie Munger only trusted one person besides Warren Buffett with his personal fortune. Here's a look at Li Lu's tribute to the legendary investor.
▼ + stars: | 2023-12-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Charlie Munger's close friend and confidant, Li Lu, recently penned a tribute to the late investor. AdvertisementA close friend and confidant of Charlie Munger recently published a tribute to the legendary investor who died last week, highlighting the values and principles that made him unique. Li Lu, the only person other than Warren Buffett who Munger trusted to invest his personal fortune, penned a eulogy titled "Remembering my teacher Charlie Munger" on Facebook. Li has roughly quintupled the sum since then, making it little surprise that Munger — Buffett's right-hand man and Berkshire Hathaway's vice chairman — has dubbed him the "Chinese Warren Buffett." "Charlie Munger answered those questions through his long exemplary life."

Persons: Charlie Munger's, Li Lu, Warren Buffett's, Li, Munger, —, Charlie Munger, Warren Buffett, Charlie Organizations: Service, Facebook, Berkshire Hathaway's, Berkshire, Daily, Capital Management Locations: BYD, China

“China and the United States’ relations will forever be linked to the name ‘Kissinger,’” Mr. Xi said to Mr. Kissinger as the two men sat side by side in cream-colored armchairs. It was the same building where half a century earlier Mr. Kissinger had met Zhou Enlai, who was then China’s premier: Villa No. When Mr. Xi was on the cusp of power in 2012, he met Mr. Kissinger twice — once in Beijing and then in Washington. In a sign of the high regard in which he was held, Mr. Xi respectfully cited Mr. Kissinger’s views in speeches. “It is understandable that he cared about the interests of the United States,” Professor Lu said.

Persons: ”, Henry A . Kissinger, Mr, Kissinger, Nixon’s, Xie Feng, Biden, Xi Jinping, “, ‘ Kissinger, ’, Xi, Zhou Enlai, Li Shangfu, John F, Kirby, Kissinger “, Wu Xinbo, —, President Trump, Wu, Trump, Kissinger’s, Charles T, Munger, Lu Yeh, Lu Organizations: Global Times, Communist Party, Beijing, United, Mr, U.S . National Security Council, Institute of International Studies, Fudan University, National Chengchi University Locations: China, United States, Washington, Communist, Beijing, U.S, ” China, “ China, Diaoyutai, Shanghai, Philippines, Australia, Weibo, Taiwan, Taipei, “

☆ Henry Kissinger Dies at 100: Latest News and Updates
▼ + stars: | 2023-11-29 | by ( Michael D. Shear | ) www.nytimes.com time to read: +5 min

For many in China, Henry A. Kissinger represented a now-bygone chapter in relations between China and the United States, when the countries seemed to be moving inexorably closer. In July, China laid out a red-carpet welcome for Mr. Kissinger, including an audience with Xi Jinping, the top leader. “China and the United States’ relations will forever be linked to the name ‘Kissinger,’” Mr. Xi said to Mr. Kissinger as the two men sat side by side in cream-colored armchairs. When Mr. Xi was on the cusp of power in 2012, he met Mr. Kissinger twice — once in Beijing and then in Washington. In a sign of the high regard in which he was held, Mr. Xi respectfully cited Mr. Kissinger’s views in speeches.

Persons: Xi Jinping, Henry A . Kissinger, ”, Mr, Kissinger, Nixon’s, Xie Feng, Biden, “, ‘ Kissinger, ’, Xi, Zhou Enlai, Li Shangfu, John F, Kirby, Kissinger “, Wu Xinbo, —, President Trump, Wu, Trump, Kissinger’s, Charles T, Munger, Lu Yeh, Lu Organizations: of, People, Global Times, Communist Party, Beijing, United, Mr, U.S . National Security Council, Institute of International Studies, Fudan University, National Chengchi University Locations: Beijing, State, China, United States, Washington, Communist, U.S, ” China, “ China, Diaoyutai, Shanghai, Philippines, Australia, Weibo, Taiwan, Taipei, “

General Motors is slowing the expansion of its Cruise automated driving division and significantly cutting spending at the unit after suspending operations in response to growing safety concerns about its driverless cars. The company had been planning to roll out a ride service in San Francisco and three other cities and begin testing Cruise vehicles on the streets of several other markets. It now plans to focus on only one city as it works to improve the operation of its fleet of driverless vehicles it has been testing. “We expect the pace of Cruise’s expansion to be more deliberate when operations resume, resulting in substantially lower spending in 2024 than in 2023,” G.M.’s chief executive, Mary T. Barra, said Wednesday at an investor conference. “We must rebuild trust with regulators at the local, state and federal levels, as well as with the first responders and the communities in which Cruise will operate.”Last month, California regulators suspended Cruise’s license to operate in the state after an incident in which a Cruise self-driving vehicle in San Francisco ran over a pedestrian who had been hit by another car and dragged her for 20 feet.

Persons: ”, ’, Mary T, Barra Organizations: Motors, Cruise Locations: San Francisco, California

☆ Fast-Fashion Giant Shein Files to Go Public
▼ + stars: | 2023-11-27 | by ( Corrie Driebusch | Shen Lu | ) www.wsj.com time to read: 1 min

A Shein pop-up shop in New York City. The company has become one of the largest fashion brands in the world. Photo: Adrienne Grunwald for The Wall Street JournalShein, the China-founded online fashion company that won over hundreds of millions of shoppers around the world, has confidentially filed to go public in the U.S. in what could be one of the biggest IPOs in years. Goldman Sachs , JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, which could happen in 2024, people familiar with the matter said.

Persons: Adrienne Grunwald, Goldman Sachs, JPMorgan Chase, Morgan Stanley Organizations: Wall, JPMorgan Locations: New York City, China, U.S

☆ Xiaomi Q3 net income jumps on cost savings, revenue rises
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

People check new products of Xiaomi ahead of the 2023 Mobile World Congress in Barcelona, Spain February 26, 2023. The company's sales for the period totalled 70.9 billion yuan ($9.83 billion), beating an average estimate of 70.2 billion yuan from 13 analysts polled by LSEG. Net income jumped by 183% from a year earlier to 6 billion yuan thanks to lower component costs and efficiencies across the business, compared to a consensus estimate of 4.6 billion yuan. Xiaomi, China's fifth-largest smartphone brand, shipped 9.1 million devices in China during the latest quarter, according to industry research firm Canalys. Though that was little changed from a year earlier, Xiaomi outperformed peers, with overall industry sales dropping 5% year on year, according to Canalys.

Persons: Nacho, Lu Weibing, Xiaomi, Xiaomi's Lu, Yelin, Brenda Goh, Jacqueline Wong, David Goodman, Jan Harvey Organizations: REUTERS, Rights, Xiaomi Corp, HK, LSEG, BAIC, Thomson Locations: Barcelona, Spain, Rights BEIJING, China, Beijing, Yelin Mo, Shanghai

☆ ‘Lost Time for No Reason:’ How Driverless Taxis Are Stressing Cities
▼ + stars: | 2023-11-20 | by ( Yiwen Lu | More About Yiwen Lu | ) www.nytimes.com time to read: +1 min

After loading the patient into an ambulance, a black-and-white car pulled up and blocked the path. It was a driverless vehicle operated by Waymo, an autonomous car company that Google’s parent, Alphabet, owned. With no human driver to instruct to move out of the way, Mr. Wood spoke through a device in the car to a remote operator, who said someone would come take the vehicle away. Instead, another autonomous Waymo car arrived and blocked the other side of the street, Mr. Wood said. But the self-driving cars added seven minutes to the emergency response, he said.

Persons: Adam Wood, Wood Organizations: San, Waymo Locations: San Francisco, city’s

It’s been a wonderful year at the movies for cinephiles, but what do you get for the film lover who has seen everything already? There are inspiration boards, script pages with handwritten annotations, correspondence with collaborators, as well as personal introductions to each film. They even have a section where you can choose films based on running time: Only have 90 minutes or less? Another special feature looks at the development of black and white 65mm film stock they pioneered for the film. Because this license plate has serious movie cred.’” It’s easily google-able, but we won’t spoil it here.

Persons: It’s, Barbie, Sofia Coppola, “ Sofia Coppola, Coppola, “ Priscilla, ”, she’s, Kirsten Dunst, Bill Murray, Tomasz Ruminski, Leszek Żebrowski ’, Andrzej Krajewski ’, thoughtfully, Parker Posey, Ozu, Ousmane Sembène, “ Hitchcock, Christopher Nolan’s “ Oppenheimer ”, Nolan, Kai Bird, Kip Thorne, Matt Singer, Roger Ebert, Gene Siskel, Siskel, Ebert, Singer, “, Samuel L, Jackson, Cillian Murphy, Jason Momoa, Steven Soderbergh, it’s, Joanna Bush, Soderbergh, ” It’s Organizations: Sundance Film, Criterion, ”, Teamsters, NICE Locations: “, Park City , Utah, Chicago

☆ Epic Games C.E.O. Says Google Has ‘De Facto Control’ on Android App
▼ + stars: | 2023-11-20 | by ( Yiwen Lu | More About Yiwen Lu | ) www.nytimes.com time to read: +1 min

“I want to make it clear to everybody exactly what was happening on these platforms,” Mr. Sweeney said from a witness stand on Monday. If Epic wins, Google could be forced to allow other companies to offer competing payment systems on the Play Store. Since the trial started two weeks ago, Mr. Sweeney has been sitting in the front row of the courtroom almost every day. In September, Google reached a settlement with dozens of state attorneys general who sued the company on similar grounds. In his testimony, Mr. Sweeney insisted that his goal was to distribute the games to more users, rather than seek monetary damages, and that Google’s fee prevented Epic from expanding its business.

Persons: Mr, Sweeney, “, Jonathan Kravis Organizations: Apple, Google, Nintendo, Sony, Microsoft

☆ ‘Lost Time for No Reason’: How Driverless Taxis Are Stressing Cities
▼ + stars: | 2023-11-20 | by ( Yiwen Lu | More About Yiwen Lu | ) www.nytimes.com time to read: +1 min

Persons: Adam Wood, Wood Organizations: San, Waymo Locations: San Francisco, city’s

Kyle Vogt, a founder and chief executive of Cruise, the driverless car subsidiary of General Motors, resigned on Sunday, less than a month after Cruise suspended all autonomous operations after a series of traffic mishaps. Mr. Vogt had faced criticism for months as Cruise’s self-driving operations ran into issues in cities such as San Francisco. At various points, Cruise’s autonomous vehicles were involved in accidents, with outrage mounting after one of its cars dragged a pedestrian 20 feet after a crash in October. In a statement, Cruise said that its board had accepted Mr. Vogt’s resignation, but it did not specify what had led to his departure. The company did not name a new chief executive but appointed a new president who also became its chief technology officer and a new vice chairman.

Persons: Kyle Vogt, Cruise, Vogt, Vogt’s, ” Organizations: General Motors Locations: San Francisco

☆ France fashions slender Paris 2024 torch from raw steel
▼ + stars: | 2023-11-17 | by ( Julien Pretot | ) www.reuters.com time to read: +3 min

"It's a bit like my baby, our baby," Delphine Moulin, Paris 2024 director of celebration, told Reuters on Friday amid the sounds of metal being cut, bent, polished and sprayed with micro-particles of steel. You can see that it's different from the usually flared shape of the Olympic torch," Moulin added. You don't use the same kind of steel to make rails and to make this torch," ArcelorMittal France president Eric Niedziela said. Paris 2024 officials and ArcelorMittal have been tight-lipped on the budget of the torches' fabrication, declining to give an estimate of the overall cost. The Paris 2024 flame will be lit on April 16 in Ancient Olympia and will remain in the country for about a week before a handover ceremony in Athens and the start of its journey to France.

Persons: Delphine Moulin, Guy Degrenne, Moulin, ArcelorMittal's Franck Wasilewski, Eric Niedziela, Julien Pretot, Ed Osmond Organizations: Paris, Paralympic Games, ArcelorMittal, Reuters, Thomson Locations: Vire, France, Paris, Normandy, Greece, Ancient Olympia, Athens

☆ BAIC unit applies for approval to build Xiaomi-branded EVs in China
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +3 min

People clean the floor at the stall of the BAIC Group automobile maker at the IEEV New Energy Vehicles Exhibition in Beijing, China October 18, 2018. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsBEIJING, Nov 15 (Reuters) - A unit of Beijing-based automaker BAIC Group <1958.HK> has applied to regulators for approval to build two Xiaomi-branded <1810.HK> electric vehicles (EVs), China's industry ministry website showed on Wednesday. The filing indicates that BAIC will be the manufacturer for these two models, even though Xiaomi has built a plant that can produce 200,000 EVs annually in Beijing. The new EVs will be built at a site that is the same address as the Xiaomi plant, China Business News reported. Both BAIC and Xiaomi did not immediately respond to requests for comment on the EV applications.

Persons: Thomas Peter, Xiaomi, ORV, Max, Lu Weibing, Qiaoyi Li, Zhang Yan, Brenda Goh, Mo Yelin, Muralikumar Anantharaman, Kim Coghill Organizations: BAIC Group, New Energy Vehicles Exhibition, REUTERS, Rights, BAIC, HK, CATL's, Ministry of Industry, China Business News, STAR, Reuters, Tesla Inc, Lucid, Thomson Locations: Beijing, China, Rights BEIJING, Shanghai

☆ China's unfinished property projects are 20 times the size of Country Garden
▼ + stars: | 2023-11-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

HANGZHOU, CHINA - NOVEMBER 15, 2023 - An aerial photo shows a new property under construction in Hangzhou City, Zhejiang Province, China, Nov 15, 2023. (Photo credit should read CFOTO/Future Publishing via Getty Images)BEIJING — The size of unfinished, pre-sold homes in China is about 20 times the size of property developer Country Garden as of the end of 2022, according to a Nomura report on Wednesday. "We estimate that there are around 20 million units of unconstructed and delayed pre-sold homes," said Nomura's Chief China Economist Ting Lu and a team. About 3.2 trillion yuan ($440 billion) is needed to complete those remaining units, according to the analysts' estimates. Ensuring construction of the homes has been a government priority since delays make people less willing to buy new apartments.

Persons: Nomura, Ting Lu Organizations: National Bureau, Statistics, Publishing, Getty Images, U.S, Bloomberg News, China Locations: HANGZHOU, CHINA, Hangzhou City, Zhejiang Province, China, BEIJING

Lending data from China's central bank offers a glimpse of government priorities: as of the end of September, outstanding loans to the troubled property sector fell 0.2% year-on-year but lending to the manufacturing sector jumped 38.2%. This time, the government's focus is narrower, targeting high-tech and "advanced manufacturing", a goal laid out in 2021 in the 14th five-year plan. It grew 11.3% in the first nine months of 2023 year-on-year, compared with 6.3% for overall manufacturing investment, according to data from China's National Bureau of Statistics. For example, Guangdong province has increased lending to both high-tech and advanced manufacturing by about 45%, state media reported. During the first half of 2023, outstanding loans to the high-tech manufacturing sector in the eastern province of Shandong jumped 67%.

Persons: Jens Eskelund, Eskelund, Xi Jinping, Joe Biden, Frederic Neumann, Neumann, Tao Wang, Wang, Fu, Lu Zhengwei, Siyi Liu, Kripa Jayaram, Robert Birsel Organizations: Rights, European Chamber of Commerce, Asia Pacific Economic Cooperation, U.S, Reuters Graphics, overcapacity, HSBC, UBS, China's National Bureau of Statistics, Rystad Energy, EV, China Passenger Car Association, Bank, Industrial Bank, Thomson Locations: Suqian, Jiangsu province, China, CHINA, Rights BEIJING, Europe, Beijing, San Francisco, Xi, Asia, Guangdong province, Shandong, Dongguan, Shanghai

☆ Wegovy Is Shown to Reduce Risk of Heart Attacks and Strokes in Some Patients
▼ + stars: | 2023-11-11 | by ( Dani Blum | More About Dani Blum | ) www.nytimes.com time to read: +1 min

A pivotal new study suggests that the weight loss drug Wegovy cut the risk of heart attack, stroke or death from cardiovascular issues by 20 percent among overweight or obese people with heart disease — a striking benefit that could change the standard of care for these patients. “We’ve just identified a new best practice,” said Dr. Clyde Yancy, chief of the division of cardiology at Northwestern Medicine, who was not involved with the study. Drug companies see potential for the medicines that extends far beyond obesity. Outside of statins, she said, no medication has so dramatically reduced cardiovascular risk among people with heart disease. “The uptake of this drug is going to be skyrocketing in the next couple of years,” she said.

Persons: “ We’ve, ”, Clyde Yancy, Yuan Lu Organizations: Northwestern Medicine, American Heart Association, Yale School of Medicine Locations: Philadelphia, statins

☆ Rapinoe meets high stakes with a smile ahead of NWSL championship
▼ + stars: | 2023-11-10 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

But Saturday's showdown between Gotham FC and her OL Reign gives Rapinoe one last chance to claim the National Women's Soccer League championship after years of thwarted attempts, with the team she has been a part of since its inception. "It's really unique that you get to a championship game ever in your career. Rapinoe's Seattle farewell match last month averaged 683,000 viewers on CBS, an NWSL regular-season record. It was, you know, so much fun to watch and be a part of," said Rapinoe. Reporting by Amy Tennery in New York Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

Persons: Megan Rapinoe, Ali Krieger, Lu Barnes, they've, Rapinoe's, Amy Tennery, Christian Radnedge Organizations: United States, Gotham FC, National Women's Soccer League, New, Rapinoe, ESPN, CBS, Prime Sports, Scripps, ION, Thomson Locations: New York, New, Rapinoe's Seattle

☆ China property rescue? Who are Ping An Insurance Group and Country Garden?
▼ + stars: | 2023-11-08 | by ( Julie Zhu | ) www.reuters.com time to read: +5 min

Ping An, based in the southern tech hub of Shenzhen, vies with China Life (601628.SS) for the title of the country's biggest insurance group by market value. Country Garden has said repeatedly that "home delivery" is its top priority. WHY HAS BEIJING PICKED PING AN TO RESCUE COUNTRY GARDEN? Ping An was a natural choice because it is based in Guangdong and has been a major Country Garden shareholder, said the sources. Ping An said after the Reuters report that it no longer holds Country Garden shares.

Persons: Ping, Ma Mingzhe, Morgan Stanley, Goldman Sachs, Yang Huiyan, Alex Ren, Julie Zhu, Kim Coghill Organizations: Ping An Insurance Group, HK, Reuters, WHO, China, Lufax, Ping An Healthcare, Technology, HSBC, Shenzhen Investment Holdings Co, Central Huijin Investment, Charoen Pokphand, CP, China Evergrande, Evergrande, Regulators, BEIJING, Authorities, Garden, Thomson Locations: HONG KONG, China, Shenzhen, vies, New York, Hong Kong, Shanghai, Guangdong

☆ Reaction to Reuters report on potential Ping An rescue of Country Garden
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +4 min

EUGENE LAW, DIRECTOR OF CHINA GALAXY INTERNATIONAL:"If the central government steps in to help Country Garden, it's for easing the debt crisis and preventing a spillover to financial institutions. But it will not help the China property market, which depends on factors, including employment and consumer confidence. Homebuyers would not rush to buy property just because Country Garden gets out of trouble. For the broader property market, the key is still home sales." Country Garden may have reached a tipping point where it will need more liquidity to fulfill such a policy goal.

Persons: Tyrone Siu, Ping, EUGENE LAW, Homebuyers, MICHAEL WONG, XU TIANCHEN, YAO, homebuyers, GARY NG, Clare Jim, Anne Marie Roantree, Edwina Gibbs, Kim Coghill Organizations: Ping An Insurance, REUTERS, Ping An Insurance Group, HK, Reuters, LU, OF CHINA GALAXY, Garden, Central Financial Work Conference, Thomson Locations: Shenzhen, China, HONG KONG

☆ Ping An loses $2.1 billion in market value, China property rallies on Country Garden rescue report
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

Company logo of Ping An Insurance Group is shown at a news conference following the company's announcement of its annual results in Hong Kong, China March 16, 2016. Ping An's Hong Kong-listed shares tumbled 5.4%, their sharpest daily fall in more than a year, wiping out almost $2.1 billion in market capitalisation. "Such a move should mitigate or control the risks in the market," said Lu Wenxi, analyst at property agency Centaline. "This move is a big boost to market confidence, because now the whole real estate market, especially some major real estate enterprises are under pretty big pressure, and their bankruptcy risks triggering a chain reaction." Reporting by Anne Marie Roantree in Hong Kong.

Persons: Bobby Yip, Ping, Lu Wenxi, Anne Marie Roantree, Tom Westbrook, Edmund Klamann, Kim Coghill Organizations: Ping An Insurance, REUTERS, Ping, Ping An Insurance Group, Reuters, HK, Ping An, China, Sunac China Holdings, Wanda, Thomson Locations: Hong Kong, China, HONG KONG, Singapore

☆ The world is turning against Israel’s war in Gaza – and many Israelis don’t understand why
▼ + stars: | 2023-11-07 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +12 min

The bands symbolize solidarity with the roughly 240 hostages held by Hamas in Gaza. It’s a feeling that cuts across the deep divisions within Israeli society: the world does not understand us. In the early days after the Hamas terror attack, many of the hostages’ families were reluctant to criticize the government of Netanyahu. Public displays of solidarity with Gaza or criticism of Israel’s military response are few and far between. “This conflict (between Israel and the Palestinians) isn’t black and white, but this war (with Hamas) is,” he added.

Persons: Jerusalem CNN — Yoav Peled, Peled, “, Benjamin Netanyahu, Dan Kitwood, Israel, Sigal Itzahak, Itzahak, It’s, ” Itzahak, Anger, Netanyahu, there’s, Benny Zweig, ”, Zweig, “ You’re, ” Zweig, Ivana Kottasova, CNN It’s, Ruby Chen, Itay, Chen, Gilad Shalit, Yahya Sinwar, “ I’m, –, Israel “, I’ve, ” Yonatan Rapaport, Rapaport, Yonatan, ” Rapaport, Netanyahu’s, “ Lu Yehi, Naomi Shemer Organizations: Jerusalem CNN, Pentagon, CNN, Washington DC, Cairo –, Israeli, Israel Defense Forces, IDF, Scout, Palestinian Prisoner’s Society, Tel Aviv University, Hamas, Israel Police, Zion, Israeli Navy, West Bank, Beatles Locations: Tel Aviv, Jerusalem, Gaza, Israel’s, –, Israel, London, Washington, Berlin, Paris, Amman, Cairo, HaKirya, Qatar, Zion

☆ Too Much Salt Could Raise Your Odds for Diabetes
▼ + stars: | 2023-11-03 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

By Cara Murez HealthDay Reporter(HealthDay)FRIDAY, Nov. 3, 2023 (HealthDay News) -- Put down the saltshaker — especially if you’re at risk of type 2 diabetes. While the condition brings to mind the need to avoid sugar, a new study links it to frequent salt consumption. He is chair and professor at the Tulane University School of Public Health and Tropical Medicine in New Orleans. Over almost 12 years on average, the research team saw more than 13,000 cases of type 2 diabetes develop. Compared to those who “never” or “rarely” used salt, participants who “sometimes,” “usually” or “always” added salt had a respective 13%, 20% and 39% higher risk of developing type 2 diabetes, according to the study.

Persons: Cara Murez HealthDay, ”, . Lu Qi, “ It’s, ” Qi, “, it’s, Qi Organizations: Tulane University School of Public Health, Tropical Medicine, Mayo Clinic, U.S . Centers for Disease Control, Tulane University Locations: New Orleans, Mayo

Two months ago, Kyle Vogt, the chief executive of Cruise, choked up as he recounted how a driver killed a 4-year-old girl in a stroller at a San Francisco intersection. I get emotional.”To make streets safer, he said in an interview, cities should embrace self-driving cars like those designed by Cruise, a subsidiary of General Motors. Now Mr. Vogt’s driverless car company faces its own safety concerns as he contends with angry regulators, anxious employees and skepticism about his management and the viability of a business that he has often said will save lives while generating billions of dollars. On Oct. 2, a car hit a woman in a San Francisco intersection and flung her into the path of one of Cruise’s driverless taxis. The Cruise car ran over her, briefly stopped, and then dragged her some 20 feet before pulling to the curb, causing severe injuries.

Persons: Kyle Vogt, Cruise, ”, “, Vogt’s Organizations: General Motors Locations: San Francisco

☆ Shein Turns to Western Executives to Become Even More Global
▼ + stars: | 2023-11-02 | by ( Shen Lu | ) www.wsj.com time to read: 1 min

Frances Townsend recently joined Shein as a senior adviser on a six-month consulting contract. Photo: John Lamparski/Getty Images for Concordia SummitShein, known for its ultra-affordable clothes shipped from China, is enlisting top Western executives in its quest to go truly global. The China-founded retailer, which has become increasingly entangled in Beijing-Washington friction, has started making some of its products outside China and forged partnerships with Western brands. Now it is globalizing its leadership ranks as it looks to establish itself in its biggest markets, especially the U.S.

Persons: Frances Townsend, John Lamparski Organizations: Concordia Summit, Western Locations: China, Beijing, Washington, U.S

Search resuls for: "LU"

25 mentions found