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The firm is overweight on Tencent shares, with a price target of 400 Hong Kong dollars ($51). Also helping analysts' optimism on the stock are Tencent's share buybacks. HSBC has a buy rating on Tencent, with a target price of 385 Hong Kong dollars. Pan said that low liquidity in Hong Kong has also affected share prices in that market, but he hopes that can improve with a new CEO. The Hong Kong exchange's co-COO Bonnie Chan is set to become head of the business in late May.
Persons: Morgan Stanley, Gary Yu, Morgan Stanley's Yu, Tencent, Prosus, Charlene Liu, HSBC's, Grant Pan, Noah Holdings, Pan, Hong Kong exchange's, Bonnie Chan, — CNBC's Michael Bloom Organizations: Hong, Jefferies, Naspers, Internet, Gaming Research, HSBC Locations: Hong, Hong Kong, Asia, Japan, Netherlands, Tencent, 1Q24, Asia Pacific, HKD500m, China
That's the reality for the ultra rich, and people like Jaclyn Sienna India make it happen. India is the founder of a Sienna Charles, a members-only travel agency that caters to wealthy clients who take million-dollar trips around the world. That includes "arranging spa appointments, recruiting house staff, helping clients build a home gym, whatever they need," India told The Cut. "He has all the money in the world, but he didn't want to go to Michelin-star restaurants," India told The Cut. "A lot of our clients work really, really hard, and it's important for them to have consistency and routine wherever they go."
Persons: Jaclyn Sienna India, Sienna Charles, she's, they're Organizations: FedEx, Michelin Locations: Versailles, India, New York City, Dallas, Los Angeles, San Francisco
Despite economic challenges looming large — including prolonged downturns in both the housing and stock market — China’s fascination with luxury watches remains undiminished. Cyril Zingaro/WWGF/KeystoneCertainly at this year’s fair, well-dressed, well-accessorized Chinese customers appeared unfazed by economic uncertainties. After more than 20 years working in the region, he believes China’s economic slowdown is just a temporary phase. “The situation may be slightly (more) challenging for mid-level luxury brands (whose clients’ disposable incomes are potentially more at the whim of market forces). Collectors appreciate the craftsmanship, rarity, and heritage associated with luxury timepieces, which can hold or increase in value over time.
Persons: Matthieu Humair, Cyril Zingaro, Jackson Yee, Jaeger, Zhu Yilong, Wang Yang, Xiao Zhan, David Sadigh, Patek Philippe, Van Cleef, ” Sadigh, Valentin Flauraud, , Ricardo Guadalupe, “ We’ve, Pierre Albouy, Keystone Carson Chan, Richard Mille Asia, Bonhams, ” Chan, Raphael Young, Lange, Söhne, Wilhelm Schmid, Lumen, Chan, Vacheron, Young, Roger Dubuis, Dior, Louis Vuitton, Gucci — Chanel, Hermes, Hermès, Attelé, Chanel, Mademoiselle Chanel, Organizations: Geneva CNN —, Federation of, Swiss Watch Industry, IWC, Digital Luxury, CNN, Keystone, Fondation, , Berkley, Couture Locations: Geneva, China, Hong Kong, Asia, Switzerland, Chopard, Europe, , Asia — China, Guadalupe, Swiss, watchmaking
One of the most in-demand skills people want to learn in the workplace is also pretty straightforward: effective communication. Communication and etiquette topics are some of the most common courses being accessed in the TalentLibrary from Epignosis, a software learning company, according to internal data. The demand for learning "is about adapting to changes in the workplace," she says. Gialelli says her company's "email etiquette" course covers how to communicate effectively by making sure "the email includes very clearly the topic you're trying to cover, action items and next steps." Overall, Gialleli says businesses can help new employees learn the rules of communication and etiquette around the workplace by providing them with mentorship early on.
Persons: it's, Christina Gialleli, Gialelli, Gialleli Organizations: CNBC Locations: Epignosis, Babbel
Hong Kong CNN —Apple has removed WhatAapp and Threads from its app store in China, following an order from the country’s internet watchdog which cited national security concerns. “The Cyberspace Administration of China ordered the removal of these apps from the China storefront based on their national security concerns. Other popular Western social media apps including X (formerly Twitter), Facebook, Instagram and Messenger are still available on Apple’s China app store, according to a check by CNN. Chinese consumers who once would have considered Apple are now turning to the country’s national brands. Its CEO Tim Cook visited Shanghai just last month to open the second biggest Apple store in the world.
Persons: Hong Kong CNN —, Duncan Clark, , VPNs, Tim Cook, — Hassan Tayir Organizations: Hong Kong CNN, Hong Kong CNN — Apple, Apple, CNN, Administration of China, Meta, BDA China, Facebook, IDC, Huawei Locations: China, Hong Kong, Beijing, United States, Shanghai
Apple (AAPL) has already spent almost $16 billion through its supply chain in the country since 2019, the government quoted Cook as saying. According to the statement, Cook said Apple “stands ready … to enhance cooperation and investment activities” in the Southeast Asian country. Nguyen, whose firm manages $6 billion in assets, told CNN that labor costs in Vietnam’s manufacturing sector are about half those in neighboring China. That’s a big draw for foreign tech companies looking to hire workers for their factories, and find consumers for their products. Still, Vietnam represents a far smaller market than India, which has also been wooing large foreign companies, including Tesla (TSLA), to set up factories in the country.
Persons: Tim Cook, Pham Minh Chinh, Cook, Apple “, Thuy Anh, Nguyen, Dan Ives, “ We’re, , , Tuan Hung, Ho, That’s, Ives, Juliana Liu Organizations: London CNN, Apple, Vietnamese, Dragon, CNN, country’s Ministry of Planning, Investment, Wedbush Securities, Intel, Consumer, Monetary Fund Locations: Vietnam, China, Hanoi, Beijing, India, United States, Ho Chi Minh City, Washington, That’s, Europe
More people are looking for a new job, and they have high salary expectations. The lowest average pay people would be willing to accept a new job reached $81,822 as of March, a new series high since 2014. That's according to the Federal Reserve Bank of New York's latest consumer expectations survey, which is fielded every four months. But to live comfortably by traditional budgeting advice, the average person needs to earn upwards of $89,000 — closer to the latest data on salary expectations — according to a recent analysis from SmartAsset. And despite a hiring slowdown, ZipRecruiter data shows more companies are actively recruiting to hire for open roles, and they're also extending more counteroffers to keep employees from quitting.
Persons: Julia Pollak Organizations: Federal Reserve Bank of New, Labor Department
April Jereza never intended to move abroad to Madrid, Spain, but now that she's been there for seven years, she thinks she'll stay for the long haul. "People in Madrid, and Spain in general, really understand that you don't live to work; you work to live," Jereza says. Other data touts the city's big benefits for professionals: Madrid is the No. 1 best city for remote work, according to a new analysis from Remote.com, a global HR platform for distributed teams. She now works as a product manager for a multinational social media agency from its Madrid office and works remotely part of the week.
Persons: Jereza, she's, she'll Organizations: CNBC Locations: Madrid, Spain, Canada, Europe, Remote.com, Spain Madeira, Portugal Toronto, Canada Auckland , New Zealand Tokyo, Japan Paris, France Portland , Maine, USA Taipei, Taiwan Stockholm, Sweden Reykjavik, Iceland
As a result, the 235-person company, which is 30% remote and 70% hybrid, created an office etiquette guide and required that all existing and new employees get training on it, says Christina Gialleli, the director of people operations at Epignosis. Some recurring issues of today's office include people talking too loudly in areas meant for focused work or taking personal calls in an open space. Unkempt workspaces are another big problem, Gialleli says. It's especially bad for teams that use hot-desking rather than keeping assigned spaces for employees, Gialleli says. In response, Epignosis employees are now trained on an office etiquette guide, which includes reminders about picking up after yourself in the communal kitchen and not adjusting the A/C to freezing.
Persons: Christina Gialleli, Gialleli Locations: Epignosis
The annual Coachella music festival, held in Indio, California, is underway. Here are the celebrities who have attended the music festival so far. The likes of Jeff Bezos and Lauren Sanchez, Taylor Swift, and even Blackpink's Lisa have been spotted among the audience. Here are the celebrities who have been seen enjoying Coachella 2024 so far. Taylor Swift and Travis KelceTaylor Swift and Travis Kelce at Neon Carnival held during the Coachella Music and Arts Festival on April 13, 2024 in Thermal, California.
Persons: Taylor Swift, Rihanna, Lisa, , Lana Del Rey, Tyler, Jeff Bezos, Lauren Sanchez, Travis Kelce Taylor Swift, Travis Kelce, Gilbert Flores, Swift, Jason, Lauren Sánchez, Kris Jenner's, Corey Gamble, Lana Del Rey's, Rocky, Shakira, Blackpink's Lisa LISA, BLACKPINK, Bizarrap's, Blackpink's Lisa, Blackpink, Barry Keoghan Barry Keoghan, Tommaso Boddi, Sabrina Carpenter's, Keoghan, Carpenter, Justin Bieber, Jaden Smith Bieber, Smith, Hailey Bieber Hailey Bieber, Campbell Puckett, 🌵🎡, Rob e, mee, fou, ann u, e, Lew, tim e Organizations: Service, Billboard, Los Angeles Times, Coachella Music, Arts Festival, Getty, NFL, Coachella, AP, Valley Music, Arts, spo Locations: Indio , California, Thermal , California, Coachella, Singapore, fes, Fes
Ever wanted to retract an email right after you've sent it? A majority of workers know the feeling, and the youngest professionals are the most likely to feel email regret. Some 88% of people say they've regretted the contents of a work email right after hitting send, and 28% even believe an email they've sent directly hurt their careers, according to a survey of 2,000 U.S. office workers from Babbel, the language learning platform. And just around 1 in 5 Gen Z office workers between 18 and 24 years old say they "very often regret" the emails they send. Two big mistakes that can lead to email regret is having typos and unclear messaging, says Esteban Touma, a cultural and linguistics expert at Babbel.
Persons: you've, they've, Esteban Touma Organizations: CNBC Locations: Babbel
Goldman Sachs has refreshed its conviction list of top stocks in Asia Pacific this month, adding some names and removing others. Here are two additions to Goldman Sachs' Asian conviction list, and two removals: China Resources Beer Goldman analyst Leaf Liu said he was positive on the outlook for Chinese beer manufacturer and distributor China Resources Beer . Goldman Sachs has a 12-month price target of 51 Hong Kong dollars ($6.51) on the stock, giving it potential upside of around 46%. NTPC India's power generation company NTPC — formerly the National Thermal Power Corporation — was another addition to Goldman's conviction list. Shionogi, China Medical System Meanwhile, the Wall Street bank removed two pharmaceutical players — Japan's Shionogi and the China-headquartered China Medical System — from its conviction list.
Persons: Goldman Sachs, China Resources Beer, Leaf Liu, CRB, , National Thermal Power Corporation —, Apoorva Bahadur, Bahadur, Goldman, — Japan's Shionogi, — CNBC's Michael Bloom Organizations: MSCI Asia, China Resources, China Resources Beer Goldman, China Resources Beer, Brands, Star, Heineken, Hong, Franklin FTSE, National Thermal Power Corporation Locations: Asia Pacific, Japan, China, ,, Tianjin, premiumization, Hong Kong, Franklin FTSE China, Shionogi
Having watched some (though not quite all) of “3 Body Problem,” Netflix’s hit adaptation of “The Three-Body Problem,” the first book in a science-fiction saga by the Chinese author Liu Cixin, I’m struck by the unusual geopolitical weight this particular piece of pop entertainment carries. Even a three-interpretation problem, you might say (sorry! ), with different gazes and different translations yielding very different readings and reactions. Consider, first, the book as seen through Western eyes. The default American reaction to any work of literature produced under authoritarian conditions is to assume that it must be an act of rebellion or at least critique.
Persons: ” Netflix’s, Liu Cixin, I’m, Aleksandr Solzhenitsyn’s “, Boris Pasternak’s, Zhivago, , Liu
Love it or hate it, communicating well over email is key to succeeding in an office setting. And if you want to get better at mastering the email game, you should prioritize one thing, says a language expert: timeliness. "A top tip for communicating well over email would be to prioritize responsiveness," says Esteban Touma, a cultural and linguistics expert at Babbel, the language learning platform. Touma stresses the courtesy of responding to emails quickly, even if it comes with the caveat that you'll return to the message with greater attention later on. What's more, 18% of people reported having 1,000 unread emails in their inbox, and 6% have more than 5,000 unread messages.
Persons: Esteban Touma Locations: Babbel
Speaking in Washington at a lunch with American CEOs, Prime Minister Fumio Kishida said Japan welcomes American collaboration in “critical and emerging technology” and assured them that any investment would flow both ways. Last year, Japanese foreign direct investment to the US exceeded $750 billion, Kishida said, making Japan the biggest foreign investor in America and creating more than 1 million jobs. It is reportedly the company’s largest ever investment in Asia’s second largest economy. Earlier this month, Japan’s industry ministry approved subsidies worth up to 590 billion yen ($3.9 billion) for Rapidus. It comes as Washington adds increasing restrictions on the types of semiconductors that American companies are able to sell to China.
Persons: Hong Kong CNN —, Fumio Kishida, , Kishida, Joe Biden, Brad Smith, Gary Cohn, Sanjay Mehrotra, Ted Colbert, Albert Bourla, Mayumi Maruyama Organizations: Hong Kong CNN, Microsoft, Microsoft Research Asia, IBM, Micron Technology, Boeing, Defense, Space & Security, Pfizer, CNN, US Chamber of Commerce, , Intel, Samsung, US Locations: Tokyo, Hong Kong, Japan, Washington, American, United States, America, Asia’s, Russia, South, Taiwan, Hokkaido, chipmaking, China, Europe, Asia, Germany
"Our research reveals that emails are a major source of workplace stress," says Esteban Touma, a cultural and linguistics expert at Babbel. As a language expert, Touma tells CNBC Make It he often sees people make two big mistakes when writing over email. Typos and grammatical errorsThe first big mistake Touma often sees is when people neglect to proofread and edit messages thoroughly. To avoid this mistake, take the time to proofread emails before you hit send, Touma says. For example, Touma says, "'Let's schedule a call when you have some time to kill, Brian' is politely addressing Brian.
Persons: they've, Esteban Touma, Touma, Brian Organizations: CNBC Locations: Babbel
The three-day visit, at North Korea’s invitation, shows the “great importance” China attaches to those relations, a Chinese Foreign Ministry spokesperson said. The delegation will also arrive amid heightened global concern about North Korea, which has in recent months ramped up its bellicose rhetoric and continued its weapons testing. The trip could also be an important opportunity for the upper echelons of China’s political establishment to better understand the circumstances in North Korea today. Balance of powerChina has long walked a thin line in its relations with North Korea. It is a critical economic lifeline for a North Korea crippled by international sanctions over its illegal weapons testing.
Persons: Zhao Leji, , KCNA, Zhao, Xi Jinping, China’s, Joe Biden, Fumio Kishida, Kishida, Li Qiang, Liu Dongshu, , ” Liu, Kim, Li Mingjiang, Vladimir Putin, Yun Sun Organizations: Hong Kong CNN — China’s, Beijing, Foreign Ministry, Japanese, CNN, Communist, North Korea –, Hong Kong’s City University, North, Singapore’s Nanyang Technological University, , United Nations Security, Stimson Locations: China, Hong Kong, North Korea, Pyongyang, Beijing, Moscow, United States, North, Japan, South Korea, Ukraine, Asia, Washington, Philippines, Russia, North Korean, Covid, Pacific, American
Introduced predators kill about 25 million native birds in New Zealand annually, with about 4,000 native species threatened or at risk of extinction, according to the DOC. Under the program, the government plans to eradicate rats, possums (a marsupial native to the Americas), weasels, ferrets — and the pesky stoat. Chalky Island and the neighboring Passage Islands have been predator-free since 1999 following the first ever stoat eradication campaign, according to the DOC. And for Fleming, the recent stoat incursion only underscores the importance of the Predator Free 2050 plan. “If we eradicate stoats from Aotearoa (New Zealand) completely we remove the costs of incursions, and our wildlife can thrive alongside us,” he said.
Persons: Rebecca Teele, , Aaron Fleming, Liu Yang, RNZ, , pesky, Carolyn M, King, hitlist, Stephan Morris, stoats, stoats ”, Fleming Organizations: CNN, country’s Department of Conservation, New, Zealand, New Zealand Taxpayers ’ Union, Southern, New Zealand, University of Waikato Locations: New Zealand, Fiordland, Eurasia, North America, , New, Americas, Aotearoa
Hong Kong CNN —Fitch downgraded its outlook on China’s credit rating on Tuesday, citing increasing risks to its finances as it faces economic challenges. Lowering its outlook from stable to negative does not automatically mean the ratings agency will downgrade China’s creditworthiness, but it increases the chances. Fitch has kept its rating on Chinese sovereign bonds at A+. Fitch believes the general government deficit will rise to 7.1% of gross domestic product in 2024 from 5.8% last year. In December, rival ratings agency Moody’s downgraded its outlook on China’s credit rating from stable to negative, citing risks related to “structurally and persistently lower medium-term economic growth” and ongoing troubles in its property sector.
Persons: Hong Kong CNN — Fitch, China’s, Fitch, , Moody’s Organizations: Hong Kong CNN, Finance, Fitch Locations: China, Hong Kong
Read previewAt the start of the year, Elon Musk issued a clear warning about who he thought posed the biggest challenge to Tesla's electric vehicle ambitions: Chinese EV makers. Kyle Chan, a postdoctoral research associate at Princeton, recently drew attention to how Xiaomi's EVs have been made with machines similar to the "giga press" machines Tesla uses in its die-casting process. AdvertisementWhen Tesla entered China, it helped Chinese firm LK Group develop the world’s largest casting machines to make Tesla parts. Later, LK sold similar casting machines to 6 Chinese firms, likely automakers. However, LK's die-casting expertise was no longer limited to Tesla after 2022, as the company was reported to have struck deals with six other Chinese companies to supply casting machines to them.
Persons: , Elon Musk, Tesla, Musk's, Lei Jun, Xiaomi, Kyle Chan, Chan, LK, pWQsy2KC7d — Kyle Chan, Liu Siong, Tesla's, LK's, there's Organizations: Service, Business, EV, Xiaomi, Princeton, Group, New York Times, Tesla, LK Group, giga Locations: Beijing, China
Taiwan Semiconductor Manufacturing Company is transforming the small Japanese farm town of Kikuyo into a key node in Asia’s chip supply chain. TSMC, as the company is known, dominates the global semiconductor business. At its home base in Taiwan, TSMC sits at the center of a web of factories, suppliers and engineering firms. In February, TSMC opened a factory, known as a chip “fab,” for fabricator, on a ridge overlooking Kikuyo. The Japanese electronics giants Sony, Denso and Toyota, major buyers of TSMC semiconductors, are investing huge sums in TSMC’s Japan subsidiary.
Persons: TSMC Organizations: Taiwan Semiconductor Manufacturing Company, Sony, Toyota, TSMC’s Locations: Kikuyo, Taiwan, Japan, TSMC’s Japan
breeze liuI got a message from a friend of mine. She’s lobbied platforms to get them to stop linking to these sites and directing traffic to these sites. breeze liuI did ask Pornhub to take it down. nicholas kristofThe deepfake companies made a mistake in targeting Breeze because she is very savvy about technology, about Silicon Valley. breeze liuI decided to create my own solution because I run into wall everywhere I go.
Persons: nicholas kristof I’m Nicholas Kristof, I’m, ” We’ve, Biden, Donald Trump, nicholas kristof There’s, Taylor Swift, catalina marchant de abreu, it’s, nicholas kristof, liu, Liu, Breeze, you’re, they’re, there’s, Pornhub, wouldn’t Organizations: The New York Times Locations: New Hampshire, Silicon
Washington, DC/London CNN —The US government plans to give $6.6 billion to the world’s biggest manufacturer of semiconductor chips to help it build three factories in Arizona as part of President Joe Biden’s efforts to secure the supply of advanced chips. “America invented these chips, but over time, we went from producing nearly 40% of the world’s capacity to close to 10%, and none of the most advanced chips,” Biden said in a statement. The company’s total $65 billion investment represents the largest foreign direct investment in Arizona’s history, the White House said. Securing supply chainsThe US government has emphasized the need to bring more chip production onshore to limit potential supply disruptions. Taiwan is also in a vulnerable position: Supply chain experts and US officials worry that US-China trade tensions and potential military aggression against the island by Beijing could disrupt its vital chip-making industry.
Persons: Joe Biden’s, ” Biden, Mark Liu, Gina Raimondo, Biden, , Juliana Liu Organizations: London CNN, White, Taiwan Semiconductor Manufacturing Company, US Locations: Washington, DC, Arizona, , America, Taiwan, China, Beijing, United States of America, Hong Kong
Hong Kong CNN —Janet Yellen has kicked off her second visit to China as US treasury secretary to continue efforts to further stabilize ties between the world’s two largest economies. “During prior meetings with her Chinese interlocutors, Yellen has largely avoided taking a strong stance on controversial issues,” he said. Trade tensionsBiden administration officials have suggested raising tariffs on Chinese imports to “level” the playing field for trade. Former President Donald Trump has threatened to slap 60% tariffs on imports from China if he is re-elected. The “forces” are often referred to as emerging industries such as EVs, new materials and artificial intelligence.
Persons: Hong Kong CNN — Janet Yellen, Yellen, , ’ Yellen, Joe Biden, Xi Jinping, Li Qiang, Lifeng, Liu He, Pan Gongsheng, Lan Fo’an, Craig Singleton, , Biden, Xi’s, Donald Trump, Rick Waters, , Xi, Waters, don’t, ” Singleton Organizations: Hong Kong CNN, People’s Bank of China, Finance, Foundation for Defense of Democracies, Bali . Trade, Biden, Trump, Treasury Department Locations: China, Hong Kong, Georgia, United States, California, Guangzhou, Beijing, Washington, Bali ., Eurasia
Hong Kong CNN —Lin Qi, a billionaire fan of “The Three-Body Problem,” had big plans to bring his favorite Chinese sci-fi novel to TV, cinema and video-game screens across the world. Xu was sentenced to death for murder by a court in Shanghai on March 22 - the day after the much-anticipated debut of “3 Body Problem” on Netflix. 3 Body Problem. Soon, he was sidelined, with key projects handed to another executive, Zhao Jilong, one of the executives who would later have his drinks poisoned by Xu, according to Caixin. When Netflix announced its adaptation project of “The Three-Body Problem” in September 2020, Lin and Zhao were listed as executive producers, with Xu’s name conspicuously missing.
Persons: Hong Kong CNN — Lin Qi, , Lin, Lin’s, Xu Yao, Xu, Caixin, John Bradley, Jack Rooney, Jess Hong, Jin Cheng, Mark Gatiss, Isaac Newton, Reece Shearsmith, Alan Turing, Jenson Cheng, Kublai Khan, Netflix Xu, China’s, Liu Cixin, Zhao Jilong, Zhao, Yoozoo, “ Xu Yao’s Organizations: Hong Kong CNN, , Netflix, Lin’s Yoozoo, Yoozoo Games, Phoenix News Locations: China, Hong Kong, Shanghai, pufferfish, Japan, France, United States
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