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☆ How China Became the World’s Largest Car Exporter
▼ + stars: | 2024-11-29 | by ( Agnes Chang | Keith Bradsher | ) www.nytimes.com time to read: +11 min

How China Became the World’s Largest Car ExporterChina 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 China 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 China 5.7 million cars exported Japan Mexico Germany South Korea Top car exporters in the world United States 2016 2020 2024 Source: Alix Partners Note: 2024 values are estimated. Domestic sales 20 Exports 0 2010 2015 2020 2024 Production capacity 40 million cars Car production capacity has risen faster than sales. Mr. Wen gave him essentially a blank check to make China the world’s leader in electric cars. Last year, most of the cars China sold abroad were traditional gasoline engine cars. China has more than 100 factories with a combined capacity to build close to 40 million internal combustion engine cars a year.

Persons: Alix, Donald J, Trump, Wen Jiabao, Wen, Carmakers Organizations: China, Japan Mexico Germany South, Alix Partners, European Union, China’s, Communist Party, Wan, Audi, America, UNITED STATES, BRAZIL, UBS, China Volkswagen, Volkswagen Locations: China, Japan Mexico Germany, Japan Mexico Germany South Korea, States, United States, Asia, Thailand, Philippines, Germany, Europe, Southeast Asia, Shanghai, Russia, Ukraine, Latin America, TURKEY, India, Brazil, Turkey, U.S

☆ Laos methanol poisonings: Don’t drink local ‘Tiger’ spirits in Laos, Australia warns after tourist deaths
▼ + stars: | 2024-11-29 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —Australia has warned travelers against drinking spirits made by a Laos distiller, following the deaths of six foreign tourists from suspected methanol poisoning in the Southeast Asian country. “Lao authorities have issued an order prohibiting the sale and consumption of Tiger Vodka and Tiger Whisky due to their concerns about these products being a health risk,” the Australian advisory said. One, who asked not to be named, told CNN they had conducted an independent survey of travelers who also fell ill or were hospitalized after suspected methanol poisoning. Laos Tiger Vodka and Tiger Whisky are a brand of locally produced spirits that are cheap to buy and often used in mixed drinks and cocktails. If not treated, fatality rates are reported to be 20% to 40%, depending on the concentration of the methanol and the amount ingested, according to medical charity Doctors Without Borders, which tracks cases of methanol poisoning globally.

Persons: Bianca Jones, Holly Bowles, Anne, Sofie Orkild Coyman, Frela Vennervald Sorensen, James Louis Hutson, Simone White, Vang Vieng, Backpacker Organizations: CNN, Facebook, Laotian Times, Associated Press, AP Locations: Australia, Laos, Laos ’, Vang, Vang Vieng, British, Melbourne

☆ China is on edge after Trump's talk of tariffs
▼ + stars: | 2024-11-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

AdvertisementOn Monday, Donald Trump threatened more tariffs on China, blaming Beijing for fentanyl. China criticized Trump's tariff threats, calling them ineffective and unjustified. "The excuse the president-elect has given to justify his threat of additional tariffs on imports from China is farfetched," wrote China Daily in a Tuesday editorial. AdvertisementMarkets are muted as investors wait and seeGlobal markets were jolted following Trump's post on Truth Social on Monday, but the effects have been felt mostly in foreign exchange. Global firms and Chinese manufacturers have already been diversifying their operations to manage concentration risks following Trump's first term and the COVID-19 pandemic.

Persons: Donald Trump, Trump, he'd, George Saravelos, Goldman Sachs, Wu Zhiqiang, Young Liu, Al Jazeera Organizations: Global, Deutsche Bank, Shenzhen Lingke Technology, Nikkei Asia, Apple, Macquarie Locations: China, Beijing, United States, Shenzhen, Thailand, India, Vietnam, Taipei, Al, Southeast Asia, Africa, China's

☆ I stayed in a 110-year-old ship that's been converted into a beachfront hotel. It was a great retreat from living in a concrete jungle.
▼ + stars: | 2024-11-28 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +7 min

AdvertisementI stayed in Doulos Phos The Ship Hotel, a short ferry ride from Singapore. AdvertisementFrom the get-go, I was blown away by the vastnessThe front of the ship hotel, with its two anchors preserved. Aditi BharadeAs my taxi turned the corner from the ferry terminal, I took in the sheer size of the 430-foot-long ship hotel. The bathroom, too, was huge — much larger than some hotel rooms I've stayed in. AdvertisementThe bathroom was larger than hotel rooms I've stayed in, in the past.

Persons: Eric Saw, Aditi Bharade, Aditi Organizations: Life, Southeast Asia that's, Titanic, Business Locations: Doulos, Singapore, Indonesia, Southeast Asia, New York City, Indonesian, Bintan's, Texas, Rome, Kenya, Bintan

☆ I've traveled to over 60 countries. Here's how I chose where I wanted to live permanently.
▼ + stars: | 2024-11-28 | by ( Joel Balsam | ) www.businessinsider.com time to read: +6 min

I've always wanted to see what was out there beyond my quiet backyard. AdvertisementIn 2015, I spent a year teaching English in Madrid and traveled across Europe, India, and Southeast Asia. AdvertisementUnsure of when international travel might return, my partner and I decided to buy an apartment in Montreal. Related storiesLit up again in BrazilLast year, I traveled to 17 countries for work and to search for a place to live. I think Rio is the most beautiful natural city I've ever seen.

Persons: Joel Balsam, Balsam, Will, I've, I'd, Rio, Jair Bolsonaro, Montreal, Lula Organizations: Southern, Guardian, Lonely, Logistics, Rio US, beachy Zona Locations: Ottawa , Ontario, Canada, Brazil, Montreal, South America, Rio de Janeiro, Madrid, Europe, India, Southeast Asia, Medellín, Colombia, Oaxaca, Mexico, Rio, Southern United States, Morocco, Armenia, Nepal, Spain, Salvador, beachy, beachy Zona Sul, Santa Teresa

☆ ICC prosecutor requests arrest warrants for the head of Myanmar’s military regime
▼ + stars: | 2024-11-27 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +3 min

The International Criminal Court’s chief prosecutor asked judges on Wednesday to issue an arrest warrant for the head of Myanmar’s military regime for crimes committed against the country’s Rohingya Muslim minority. From a refugee camp in Bangladesh, the court’s top prosecutor, Karim Khan, said in a statement that he intends to request more warrants for Myanmar’s leaders soon. “In doing so, we will be demonstrating, together with all of our partners, that the Rohingya have not been forgotten. The allegations stem from a counterinsurgency campaign that Myanmar’s military began in August 2017 in response to an insurgent attack. In 2018 judges at the court ruled the prosecutor could look into crimes which were “completed” on the territory of a member state, such as forcible deportation.

Persons: Court’s, Min Aung Hlaing, Aung San, Karim Khan, “, Hlaing, Khan, Fatou Bensouda, ” Organizations: Myanmar Defense Services, International Court of Justice, United Nations ’, Myanmar Locations: Aung San Suu, Bangladesh, Myanmar, San, Gambia, Canada

☆ Eight detained in Laos over mass poisoning as families demand answers
▼ + stars: | 2024-11-27 | by ( Seyed Ismail Nafeesa | Seyed Ismail Nafeesa Is An Intern On Nbc News'S Asia Desk. | ) www.nbcnews.com time to read: +2 min

HONG KONG — Eight employees of a backpacker hostel in Laos have been detained for questioning by local authorities investigating the deaths of six foreign tourists from suspected methanol poisoning, local media reported. Two Australian teenagers, two Danish women, an American man and a British woman have been confirmed dead by their governments. He and the owner of the hostel, who is also Vietnamese, were also detained for questioning last week, The AP reported. I was happy to hear that there’s been some movement over in Laos,” Jones’s father, Mark Jones, told reporters at Melbourne Airport. A New Zealand citizen who was also poisoned by tainted alcohol but survived has returned home, Reuters reported Monday, citing a spokesperson for the New Zealand foreign ministry.

Persons: Duong Duc Toan, Anupam Nath, Bianca Jones, Holly Bowles, James Louis Hutson, Jones, Bowles, “, there’s, ”, Mark Jones Organizations: HONG KONG —, Laotian Times, Associated Press, AP, ”, Melbourne Airport, New Zealand, Reuters, New Locations: HONG KONG, Laos, American, British, Vang Vieng, Vientiane, State, Australia, New Zealand, U.S

☆ Laos methanol: Foreign hostel staff detained after poisonings as families demand answers
▼ + stars: | 2024-11-27 | by ( Jessie Yeung | ) edition.cnn.com time to read: +4 min

The hostel manager and owner, who are also Vietnamese, were previously detained for questioning by police, according to the Associated Press. The empty bar of Nana Backpackers hostel in Vang Vieng, Laos, on November 22, 2024. Travelers conduct own investigationWith little information forthcoming from Laos authorities, some travelers in Vang Vieng and friends of those who died have taken it upon themselves to investigate. We miss our daughters desperately,” Jones said, after news broke of the arrests in Vang Vieng. In recent decades, Vang Vieng had earned a notorious reputation as a hedonistic party center where travelers could easily access cheap alcohol and illicit drugs.

Persons: –, Nana, Anupam Nath, Vang Vieng, Holly Bowles, Bianca Jones, Mark Jones, ” Jones, “, there’s, Vang Organizations: CNN, Laotian Times, Associated Press, AP, Nine News, Lao News Agency, Melbourne, Nine, Facebook Locations: Laos, British, American, Vang Vieng, AP Laos, Australian, Vang, Australia, Melbourne, Laos …

☆ Why Trump’s proposed tariffs may be bad news for China and Asia
▼ + stars: | 2024-11-27 | by ( Rosa Deacostanoya | Rosa De Acosta | ) edition.cnn.com time to read: +3 min

In 2023, the US was South Korea’s second-largest export market after China, with $116 billion of goods traded. But Trump’s planned tariffs on Chinese goods could also benefit some countries in Southeast Asia as factories may relocate from China to other places in the region. Shoe seller Steve Madden announced earlier this month that it will halve its Chinese production to avoid Trump’s tariffs, and it will be sourcing from Cambodia, Vietnam, Mexico and Brazil, among other countries. In 2023, the US was the number one recipient of exports from China, Vietnam, Thailand, India and Japan. In the first nine months of 2024, the United States’ largest trade deficit was with China.

Persons: Donald Trump, Steve Madden, Trump, ”, Philip Daniele, — CNN’s Rachel Wilson Organizations: Hong Kong CNN —, Malaysia, US Locations: Hong Kong, Mexico, Canada, China, United States, Asia, South, Southeast Asia, Cambodia, Vietnam, Brazil, Thailand, India, Japan, South Korea, Indonesia, Singapore

☆ Malaysian court orders return of Swatch watches featuring LGBTQ designs
▼ + stars: | 2024-11-26 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

A Malaysian court ordered the government on Monday to return rainbow-colored watches and accessories made by Swatch Group that were seized last year for designs celebrating LGBTQ rights, a prosecutor told Reuters. The government later prohibited any LGBTQ references on Swatch watches, boxes, wrappers, accessories or other items, saying such products may harm morality and public interest. Swatch Group filed a lawsuit challenging the seizure, saying it was illegal and damaged its reputation. A lawyer for Swatch Group declined to comment on the decision. Swatch Group declined to comment.

Persons: Mohammad Sallehuddin Md Ali, ”, Saifuddin Nasution Ismail, Anwar Ibrahim Organizations: Malaysian, Swatch Group, Swatch, Court, Reuters Locations: Malaysia, Swiss, Kuala Lumpur

☆ AI engineers are in high demand — but what is the job really like?
▼ + stars: | 2024-11-26 | by ( Nessa Anwar | ) www.cnbc.com time to read: +1 min

"Artificial intelligence" and "job creation" aren't typically two terms thrown together in the same sentence — and for good reason. One report from Goldman Sachs in 2023 estimated 300 million full-time jobs could be lost to automation. Tens of millions of jobs are also being created by AI, with jobs that require AI specialist skills growing at 3.5 times the pace of jobs overall. CNBC met with three Singaporeans working with AI across multiple sectors, as they fought scams and fraud, developed large language models and designed chatbots. Watch the video above to learn how engineers are leveraging AI in their jobs – and why it's never too late for a career switch.

Persons: Goldman Sachs, 2016,1, Rajat Maheshwari, Mastercard Joel Garcia, it's Organizations: CNBC, & Intelligence Solutions, Mastercard, ASEAN, Amazon Leong, SEA Locations: United States, United Kingdom, Canada, Singapore

☆ The Philippines' vice president has publicly threatened to assassinate her boss and his wife
▼ + stars: | 2024-11-25 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Vice President Sara Duterte said on Saturday that she'd spoken to a hitman to kill her boss and his wife. Philippine Vice President Sara Duterte openly threatened on Saturday to assassinate the country's president, marking the deepest fracture yet in an alliance they once formed for the 2022 election. AdvertisementEduardo Año, national security advisor to the president, added that authorities considered Duterte's threat a "matter of national security." But she also blasted the national security council, saying that its responsibilities related to the safety of the country, not a vice president's remarks about a president. AdvertisementA partnership doomed from the startIn the Philippines, the vice president and president are elected separately and don't necessarily hail from the same party or ideology, though Duterte and Marcos positioned themselves as running mates.

Persons: Sara Duterte, Duterte, I've, Ferdinand, Bong Bong, Marcos, you'll, BBM, Liza Araneta, Martin Romualdez, Eduardo Año, Duterte's, Rodrigo Duterte, Ferdinand Marcos Sr, Ronald Holmes, gunning, —, Jorge Tigno, that's, Holmes, Tigno Organizations: of Representatives, voters, De La Salle University, of Education, Lawmakers, University of, Duterte, Senate, Business Locations: Philippines, Manila, China, Southeast

☆ Laos methanol poisonings: Father of Australian teen who died urges government ‘to protect others’ from tainted alcohol
▼ + stars: | 2024-11-25 | by ( Helen Regan | ) edition.cnn.com time to read: +8 min

CNN —The father of an Australian teenager who died from methanol poisoning while on a backpacking holiday has issued a plea to the Laos government to fully investigate his daughter’s death and ensure such incidents don’t happen again. Bianca Jones, 19, was one of six foreign tourists who died in a suspected mass methanol poisoning in Vang Vieng, a popular backpacker destination in northern Laos. Bianca Jones was enjoying a backpacking trip to Laos with her friend when they became severely ill after a night out in Vang Vieng. Foreign tourists float on tubes in a river in Vang Vieng, Laos, on November 19, 2024. Anupam Nath/APA major part of that much-needed revenue comes from towns like Vang Vieng.

Persons: Bianca Jones, –, Mark Jones, Bianca’s, “, …, ”, Bianca Jones ’, Holly Bowles, ” Jones, ” “, “ We’ll, Simone White, Anne, Sofie Orkild Coyman, Frela Vennervald Sorensen, James Louis Hutson, Colin Ahearn, ” Ahearn, Anupam Nath Organizations: CNN, Nine, Nine News, Lao News Agency, Vientiane Times, Laos Police Immigration Department, Associated Press, Police, Tourism, UNESCO, Initiative, China Railway Locations: Laos, Vang Vieng, British, American, Thailand, Vientiane, Vang Vieng District, Vientiane Times, Vang Vieng’s, Backpacker, Asia, Bali, ”, Southeast Asia, Vang, Luang Prabang, South Korea, China, Kunming, –

Budgeted salary increases for 2025 across Southeast Asia are expected to be higher than in 2024, according to a new report. As the end of the year approaches, the budgeted salary increases for 2025 across Southeast Asia are projected to be higher than in 2024, according to a November report by professional services firm Aon. For example, Southeast Asia has been "a sandbox environment for a lot of technology companies, i.e. in Singapore, to be setting up shop, so it is attracting capital... and then that creates a demand for talent to serve this growth," Chawla said. Here's how much salary budgets are projected to increase in 2025 across six Southeast Asian countries, according to Aon.

Persons: Rahul Chawla, Chawla, It's, Cheng Wan Hua Organizations: Global, Management, CNBC Locations: Southeast Asia, Aon, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Asia

☆ Sara Duterte: Philippine vice president says she would have Marcos assassinated if she is killed
▼ + stars: | 2024-11-23 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

I said, if I get killed, go kill BBM (Marcos), (first lady) Liza Araneta, and (Speaker) Martin Romualdez. Speaker Romualdez, a cousin of Marcos, has slashed the vice presidential office’s budget by nearly two-thirds. The two families are at odds over foreign policy and former President Rodrigo Duterte’s deadly war on drugs, among others. In the Philippines, the vice president is elected separately from the president and has no official duties. Many vice presidents have pursued social development activities, while some have been appointed to cabinet posts.

Persons: Sara Duterte, Ferdinand Marcos Jr, Marcos ’, Duterte, Marcos, “, BBM, Liza Araneta, Martin Romualdez, ” Duterte, ”, Romualdez, Rodrigo Duterte’s, Benigno Aquino Organizations: Philippines Reuters, Philippine, Presidential Communications, Presidential Security Command Locations: Manila, Philippines, Philippine

☆ They’ve sailed across Southeast Asia for centuries. Now, these sea nomads are being forced to live on land
▼ + stars: | 2024-11-22 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +15 min

Salih is Bajau Laut, an indigenous seafaring group in Southeast Asia that has lived a semi-nomadic lifestyle on the ocean for centuries. More and more Bajau Laut are abandoning their traditional way of life, making them increasingly vulnerable to environmental changes. As climate change threatens the marine environment more than ever, the traditions of the Bajau Laut are quickly disappearing. Brandi Mueller/Moment RF/Getty ImagesA hypselodoris nudibranch, commonly known as a sea slug, in Mabul Island, Malaysia. The Sabunglanis are one of the few Bajau Laut families left in the region who still live on a lepa, or houseboat.

Persons: Malaysia CNN —, Jimi Salih doesn’t, ”, Salih, “, Bajau, Rebecca Cairns, ” Salih, kampee, Jacque Cousteau, Brandi Mueller, Adzmin Fatta, Green Semporna, Malaysian Borneo —, Robin Philippo, Philippo, Haikal Nukiman, Imran Abbisi, they’re, Rili Djohani, hasn’t, ’, Nukiman, TRACC, they’ll, Jimi Salih Organizations: CNN, Initiative, Malaysia CNN, Getty, Check, Malaysian, Tropical Research, Conservation, Tourism, Coral Triangle, Borneo, CNN Borneo Komrad, TRACC Locations: Semporna, Malaysia, Southeast Asia, Omadal, Malaysian Borneo, Island, Sipadan, Mabul Island, Sabah —, Sabah, TRACC, East Malaysia, Wakatobi, Kampung Bangau Bangau, Kampung Bangau, Borneo, Kampung Air Hujung, Iskul

In this article GM Follow your favorite stocks CREATE FREE ACCOUNTEV cars are pictured inside BYD's first electric vehicle (EV) factory in Southeast Asia, a fast-growing regional EV market where it has become the dominant player, in Rayong, Thailand, July 4, 2024. Chalinee Thirasupa | Reuterswatch nowChinese companies may not be easy to buy

Persons: Chalinee Thirasupa Organizations: EV, Reuters Locations: Southeast Asia, Rayong, Thailand

☆ China says it is willing to talk with U.S. to push forward bilateral trade
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: +1 min

China is willing to conduct active dialogue with the United States based on the principles of mutual respect and promote the development of bilateral economic and trade relations, vice commerce minister Wang Shouwen said on Friday. China is willing to conduct active dialogue with the United States based on the principles of mutual respect and promote the development of bilateral economic and trade relations, vice commerce minister Wang Shouwen said on Friday. "We believe that China and the U.S. can maintain a stable, healthy, and sustainable development trend in economic and trade relations," Wang said at a press conference in Beijing. China is also willing to "expand areas of cooperation and manage differences" with the U.S., Wang said. Economists polled by Reuters believe the United States could impose nearly 40% tariffs on imports from China early next year, potentially slicing growth in the world's second-biggest economy by up to 1 percentage point.

Persons: Wang Shouwen, Wang, Donald Trump Organizations: United, International Trade Representative, U.S, Reuters Locations: China, United States, U.S, Beijing, Southeast Asia

☆ Vang Vieng: What to know about the Laos city swept up in methanol deaths
▼ + stars: | 2024-11-22 | by ( Lilit Marcus | ) edition.cnn.com time to read: +4 min

Laos has tried to rebrand Vang Vieng as less of a party destination. Vang Vieng and its mountainous surroundings are a base for outdoor activities, including kayaking, jungle trekking, parasailing, tubing and rock climbing. Foreign tourists kayaking and tubing on the Song River in Vang Vieng, Laos, on November 19. “(We are) aware of a number of cases of suspected methanol poisoning in Vang Vieng, possibly through the consumption of methanol-laced alcoholic drinks,” the US Embassy in Vientiane said in a health alert Friday. The warning came after the US State Department confirmed to CNN that an American citizen had died in Vang Vieng.

Persons: Vang Vieng, Vang, Anupam Nath, CNN’s Helen Regan, Isaac Yee, Eve Brennan Organizations: CNN, UNESCO, Vang, US State Department Locations: Southeast Asia, Vang, Laos, United States, United Kingdom, Vientiane, Luang Prabang, South Korea, China, Vang Vieng, New Zealand, Australia, Canada, American, Vietnam, Thailand, France, Russia, Japan

☆ Austin says it’s ‘unfortunate’ that Chinese defense chief declined meeting
▼ + stars: | 2024-11-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

WASHINGTON — China’s defense minister declined a meeting with Defense Secretary Lloyd Austin during a meeting of defense leaders in Laos, a move the Pentagon chief said Wednesday was unfortunate. Multilateral gatherings of national security officials in Asia have been used in the past for meetings between U.S. and Chinese defense leaders, but China declined a meeting request by Austin during this week’s Southeast Asian Nations-Plus defense ministers meeting. It affects the region because the region really wants to see us, you know, two significant players in the region, two significant powers, talk to each other,” Austin told reporters. “I don’t think that it has any sort of implications for the future. Chinese President Xi Jinping vowed on Saturday to work with the incoming U.S. administration of Donald Trump as he held his final talks with departing President Joe Biden on conflicts from cybercrime to trade, Taiwan, the South China Sea and Russia.

Persons: WASHINGTON, Lloyd Austin, Wednesday, “, ” Austin, ” Austin added.Austin, Dong Jun, Xi Jinping, Donald Trump, Joe Biden Organizations: Pentagon, Austin, Nations Locations: Laos, Asia, China, Singapore, Taiwan, cybercrime, South, Sea, Russia

☆ Laos: Australian backpacker dies as countries warn of suspected methanol poisonings in Southeast Asian country
▼ + stars: | 2024-11-21 | by ( Helen Regan | ) edition.cnn.com time to read: +5 min

CNN —An Australian teenager has died and another is fighting for her life after drinking suspected tainted alcohol in Laos, as a growing list of countries warned of multiple poisonings linked to a tourist town in the Southeast Asian country. Jones’ death is the latest in a spate of suspected methanol poisonings of foreigners in Vang Vieng, a popular destination for young international backpackers. The British Embassy in Laos said it was providing consular assistance to British nationals “following an incident” in the country. “In November 2024, several foreigners in Vang Vieng have been victims of suspected methanol-adulterated alcohol poisoning,” the Canadian government said. Laos, one of the poorest countries in Southeast Asia, has been hit hard by skyrocketing inflation in recent years.

Persons: Bianca Jones, Holly Bowles, Jones, ”, “, Anupam Nath, Vang Vieng, Anthony Albanese, didn’t Organizations: CNN, Nine, US State Department, ” Denmark’s Ministry of Foreign Affairs, US Centers for Disease Control, New Zealand Ministry of Foreign Affairs, Trade, ” “, British, “, Zealand, Foreign Office, Nine News, Associated Press, British Foreign, Tourism Locations: Laos, Thailand, Bangkok, Vang Vieng, American, British Embassy, Australia, United Kingdom, Canada, “, Vang, Melbourne, Southeast Asia

☆ Taiwan plans to spend $1B a year pivoting its economy from semiconductors to AI
▼ + stars: | 2024-11-21 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Wu Cheng-wen told Nikkei Asia that "AI sovereignty" is critical and benefits Taiwan's security. Taiwan is planning to spend about $1 billion a year on artificial intelligence as part of its efforts to shift its economy away from semiconductors. On Thursday, Taiwan's science and technology minister told Nikkei Asia that the government would spend $3 billion over 3 years to ramp up AI data centers and their computing ability. AdvertisementThe move comes as the country is not only trying to diversify its economy toward industries like AI, but also away from China. AdvertisementWu told Nikkei Asia that he is looking forward to cooperating with the US after Trump takes office in January.

Persons: Wu Cheng, Wu, Donald Trump's, TSMC Organizations: Nikkei, Financial Times, Taiwan Semiconductor Manufacturing Co, Reuters, China, Bloomberg, US, Trump Locations: Taiwan, Nikkei Asia, China, India, Arizona

☆ HSBC names 3 'underappreciated' Asian stocks to watch in 2025 — giving one 63% upside potential
▼ + stars: | 2024-11-21 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

Meituan HSBC is bullish on Meituan and has a target price of 220 Hong Kong dollars ($28.30) on the stock, giving it 25.8% upside potential. "Despite the macro challenges, Meituan's growth profile remains resilient," said Charlene Liu, HSBC Global Research's head of internet and gaming research for Asia-Pacific. Calling it a "best-in-class small-cap" idea, HSBC Global Research's India health-care analyst Damayanti Kerai believes it is "well positioned to sustain healthy growth." Kia's shares have been on an uptrend, gaining around 8% in the last five days. HSBC has a target price of 160,000 Korean Won ($114.80) on the stock, implying nearly 63.1% upside potential.

Persons: Charlene Liu, Liu, Damayanti Kerai, Kerai, Will Cho, Cho, — CNBC's Michael Bloom Organizations: HSBC, Hong, HSBC Global Research's, Morningstar, Hong Kong Exchange, Krishna, Medical Sciences, Bombay Stock Exchanges, Kia, Korea Exchange, Won Locations: Asia, Hong Kong, U.S, HSBC Global Research's India, Korean, HSBC Global Research's Korea, EU

☆ She worked at some of Singapore's top Michelin restaurants. Now, she runs a fine-dining place out of her public housing apartment.
▼ + stars: | 2024-11-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +6 min

AdvertisementPristina Mok has worked at some of Singapore's top Michelin-star restaurants, like Odette and Zen. After a few years at Odette, she worked at Zen, a three-Michelin-star restaurant serving Nordic dishes with Asian influences. Fine dining, apartment-styleMok's cozy fine dining restaurant seats eight guests three times a week. Aditi BharadeUpon entering Fragment, guests are often greeted by Pebble, Mok's poodle. AdvertisementScaling down has its drawbacksWhile her husband helps her plate and serve the dishes, Mok handles most of the workload.

Persons: Pristina Mok, Odette, Mok, Aditi Bharade, Lionel Lim, Aditi Bharade Mok, —, hadn't Organizations: Michelin, National Gallery of Singapore, Zen, Raffles Locations: Pristina, Mok's, Singapore, Hokkaido

☆ She worked at some of Singapore's best Michelin-starred restaurants. Now, she runs a fine dining place out of her 1000-square-foot public housing apartment.
▼ + stars: | 2024-11-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

AdvertisementPristina Mok has worked at some of Singapore's top Michelin-star restaurants like Odette and Zen. After a few years at Odette, she worked at Zen, a three-Michelin-star restaurant serving Nordic dishes with Asian influences. Fine dining, apartment-styleMok's cozy fine dining restaurant seats eight guests three times a week. Aditi BharadeUpon entering Fragment, guests are often greeted by Pebble, Mok's poodle. AdvertisementScaling down has its drawbacksWhile her husband helps her plate and serve the dishes, Mok handles most of the workload.

Persons: Pristina Mok, Odette, Aditi Bharade, Mok, Lionel Lim, Aditi Bharade Mok, —, hadn't Organizations: Michelin, National Gallery of Singapore, Zen, Raffles Locations: Pristina, Mok's, Hokkaido

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