DIRS.INFO The most relevant business & tech news

☆ How electric trucks are becoming the norm for moving cargo
▼ + stars: | 2024-04-18 | by ( Jonathan Keane | ) www.cnbc.com time to read: +6 min

Drayage trucks, which bring cargo from ports to warehouses nearby, must make the move to electric by 2035 in the U.S. state. Transitioning fleets to electricAcross the Atlantic, Dutch brewer Heineken recently partnered with Swedish electric truck start-up Einride to make the transition to electric. Getting more electric trucks to carry cargo on the road, especially for long-distance journeys, will need to be spearheaded by cargo owners that want their goods moved sustainably. Many of the new trucks will be deployed in markets where DFDS has not yet moved to electric trucks, including in the U.K. In California, Lime's use of electric trucks has been driven by legislation that states all drayage trucks must be zero-emissions by 2035.

Persons: Andrew Savage, we've, Savage, Arjen van der Woude, that's, van der Woude, Sweden's, Robert Falck, " Falck, Lime's Savage Organizations: PT Vale, Hight Logistics, CNBC, Heineken, DFDS, Volvo Locations: PT Vale Indonesia, China, California, U.S ., North America, Los Angeles, Long, Canada, Dutch, Swedish, Netherlands, Germany, Europe, Rotterdam

☆ Tim Cook visits Singapore amid Apple's Southeast Asia expansion efforts
▼ + stars: | 2024-04-18 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Tim Cook, chief executive officer of Apple Inc., center, arrives at Apple Developer Academy at Binus University in Tangerang, Banten, Indonesia, on Wednesday, April 17, 2024. Apple's Tim Cook is in Singapore for the latest leg of his whirlwind tour around Southeast Asia as the CEO pivots toward the region for expansion and sales growth amid struggles in China. Cook's arrival in the city follows Apple's announcement of plans to invest over $250 million into its operations in Singapore. While the tech giant already employs 3,600 people in the country, Apple said the expansion will provide space for new roles, including in artificial intelligence. Apple did not immediately respond to a CNBC request for comment about Cook's itinerary.

Persons: Tim Cook, Apple's Tim Cook, Cook, Cook's, Lawrence Wong, Lee Hsien Loong, Lee, Wong, Apple, Joko Widodo Organizations: Apple Inc, Apple Developer Academy, Binus University, Bloomberg, Apple, CNBC Locations: Tangerang, Banten, Indonesia, Singapore, Southeast Asia, China, state's, Cupertino , California, Vietnam

☆ Apple will 'look at' manufacturing in Indonesia, CEO Cook says, as China diversification push continues
▼ + stars: | 2024-04-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Apple CEO Tim Cook gestures as he arrives for a meeting with Indonesia's President Joko Widodo at the Merdeka Palace in Jakarta on April 17, 2024. Apple CEO Tim Cook said the company will "look at" manufacturing in Indonesia, following a meeting with the country's President Joko Widodo, at a time when the iPhone giant continues to diversify its supply chain away from China. "We talked about the president's desire to see manufacturing in the country and it's something that we will look at," Cook told reporters after the meeting. "I think the investment ability in Indonesia is endless. Over the past three years, Apple has been accelerating its push to diversify its manufacturing base beyond China after the Covid-19 pandemic exposed the Cupertino giant's reliance on the world's second-largest economy.

Persons: Tim Cook, Joko Widodo, Cook Organizations: Apple Locations: Jakarta, Indonesia, China, Cupertino

☆ What Can ‘Green Islam’ Achieve in the World’s Largest Muslim Country?
▼ + stars: | 2024-04-17 | by ( Sui-Lee Wee | Ulet Ifansasti | ) www.nytimes.com time to read: +1 min

The faithful gathered in an imposing modernist building, thousands of men in skullcaps and women in veils sitting shoulder to shoulder. “Our fatal shortcomings as human beings have been that we treat the earth as just an object,” Grand Imam Nasaruddin Umar said. Like fasting during Ramadan, it is every Muslim’s Fard al-Ayn, or obligation, to be a guardian of the earth. Like giving alms, his congregants should give waqf, a kind of religious donation, to renewable energy. Dismayed by the trash sullying the river that the mosque sits on, he ordered a cleanup.

Persons: Nasaruddin Umar, Nasaruddin Organizations: World Bank Locations: skullcaps, Istiqlal, Jakarta, Indonesia

☆ Indonesia volcano: Tsunami alert issued after Mount Ruang erupts on remote island
▼ + stars: | 2024-04-17 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +2 min

CNN —Indonesian authorities on Wednesday ordered hundreds of villagers to evacuate following multiple eruptions of a remote island volcano, raising fears it could collapse into the sea and trigger a tsunami. Mount Ruang, a 725-meter (2,400-foot) conical stratovolcano on Ruang Island, North Sulawesi, has erupted at least five times since Tuesday night, spewing fiery lava and ash plumes thousands of feet into the sky, the country’s volcanology agency said. Mount Ruang spewed hot lava and ash columns into the night sky on April 17, 2024, as seen from Sitaro, North Sulawesi. Ruang Island is home to about 800 residents, who have temporarily relocated to neighboring Tagulandang Island, according to authorities. Indonesia, a Southeast Asian archipelago of 270 million people, has over 120 active volcanoes – more than anywhere else in the world.

Persons: Ruang, Hendra Gunawan Organizations: CNN, Indonesian, Agency, Mount, North Sulawesi . Center, Volcanology, Getty Locations: North Sulawesi, Sitaro, Ruang, Tagulandang, Indonesia

☆ Apple keeps looking for new places to make its stuff that aren't China
▼ + stars: | 2024-04-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

Tim Cook discussed manufacturing in Indonesia with president Joko Widodo, Reuters reported. Such a move would help Apple reduce its reliance on manufacturing in China. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementApple has put Indonesia in the frame as it looks to reduce its reliance on manufacturing in China. After meeting president Joko Widodo in Jakarta on Tuesday, CEO Tim Cook said the iPhone maker will "look at" Indonesia, Reuters reported.

Persons: Tim Cook, Joko Widodo, —, Cook Organizations: Reuters, Apple, Service Locations: Indonesia, China, Vietnam, Jakarta

☆ Can China play a role in avoiding an all-out war in the Middle East?
▼ + stars: | 2024-04-15 | by ( Nectar Gan | Simone Mccarthy | ) edition.cnn.com time to read: +9 min

“China calls on the international community, especially countries with influence, to play a constructive role for the peace and stability of the region,” the ministry added. The decision by Iran’s leaders to strike at Israel directly has pushed the shadow war between the two regional foes into the open. That’s why China does not condemn Iran,” said Yun Sun, director of the China program at the Washington-based Stimson Center think tank. Beijing meanwhile denounced the strike as a “barbarian act,” with protests erupting outside US diplomatic compounds across China. “For China, had US applies enough pressure on Israel, neither the Israeli attack nor the Iranian retaliation would have taken place.

Persons: Beijing’s, Antony Blinken, Wang Yi –, Saudi Arabia –, ”, William Figueroa, Figueroa, “, Xi Jinping, China’s, Iran ”, Israel, ” Figueroa, Wang Wenbin, Wang, Yun Sun, Bill Clinton, Jiang Zemin, ” Sun, Kishida, Jaishankar, Israel Katz, Hossein Amirabdollahian Organizations: Hong Kong CNN, Foreign Ministry, Washington, US State Department, Hamas, Beijing, Tehran, University of Groningen, Global Security Initiative, CNN, Chinese Foreign Ministry, Stimson, NATO, Embassy, Japan’s, Israel’s Foreign, Iranian Locations: China, Hong Kong, East, Iran, Israel, Beijing, Gaza, Tehran, Damascus, Republic, Turkey, Saudi Arabia, Palestinian, Red, Tehran –, Netherlands, underinvestment, United States, Israeli, Syria, Quds, Washington, Belgrade, That’s, Yugoslavia, Asia, ”, India, Philippines, Malaysia, Indonesia

☆ China accounted for two-thirds of new global coal plant capacity in 2023, report finds
▼ + stars: | 2024-04-15 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

The world added more coal power capacity last year than any year since 2016, with China driving most growth and future planned capacity, according to new research. A report by Global Energy Monitor released Thursday found that net annual coal capacity grew by 48.4 GW, representing a 2% year-over-year increase. China alone accounted for about two-thirds of new coal plant capacity. Other countries that brought new coal plants online included Indonesia, India, Vietnam, Japan, Bangladesh, Pakistan, South Korea, Greece and Zimbabwe. Coal power capacity, however, continues to steadily grow.

Persons: Champenois Organizations: Global Energy Monitor, GEM Locations: China, Indonesia, India, Vietnam, Japan, Bangladesh, Pakistan, South Korea, Greece, Zimbabwe, Paris

☆ Coral bleaching: Ocean heat is driving a mass bleaching event, and it could be the worst on record
▼ + stars: | 2024-04-15 | by ( Rebecca Wright | ) edition.cnn.com time to read: +6 min

CNN —Coral reefs around the world are experiencing a mass bleaching event as the climate crisis drives record-breaking ocean heat, two scientific bodies announced Monday — with some experts warning this could become the worst bleaching period in recorded history. If ocean temperatures don’t return to normal, bleaching can lead to mass coral death, threatening the species and food chains that rely on them with collapse. Professor Ove Hoegh-Guldberg, a climate scientist specializing in coral reefs based at the University of Queensland in Australia, predicted this mass bleaching event months ago. In February, scientists at the Coral Reef Watch program at NOAA added three new alert levels to the coral bleaching alert maps, to enable scientists to assess the new scale of underwater warming. Bex Wright/CNNIn mid-February, CNN witnessed extensive coral bleaching on Australia’s Great Barrier Reef – the world’s largest coral reef system – on five different reefs spanning the northern and southern areas.

Persons: ” Derek Manzello, Ove Hoegh, “, Guldberg, ”, Lillian Suwanrumpha, Niña, El, Manzello, ” Manzello, Lady Elliot, Bex Wright, Selina Stead, ” Stead, David Ritter Organizations: CNN, Atlantic, National Oceanic, Atmospheric Administration, Reef, Reef Watch, Pacific, University of Queensland, NOAA, Getty, Niña, Australian Institute of Marine Science, Park Authority, AIMS, UN, Greenpeace Locations: Pacific, Florida, Caribbean, Mexico, Brazil, Australia, Persian Gulf, Indonesia, Africa, Seychelles, Raja Ampat, Indonesia's West Papua, AFP, El, Lady, Greenpeace Australia

☆ Here’s where BlackRock sees investment opportunities as demographics shift and the population ages
▼ + stars: | 2024-04-10 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Aging population plays In developed markets with aging populations , health-care needs will rise, creating an investment opportunity in the sector, Li said. "The relative outperformance of the health-care sector is to be expected in the context of an aging population," Li said. It tracks the health-care sector of the S & P 500 . "An economy-wide, sustained productivity boom is very hard to achieve, especially in the context of the supply constraint coming from, among other things, demographic shortage, aging population," Li said. "If India is able to bring more people into the working population, especially women, that will significantly boost its growth trajectory," she said.

Persons: Wei Li, dwindles, BlackRock, Li, It's, it's Organizations: BlackRock, World Health Organization, United Nations, Healthcare, Bank Locations: BlackRock, Japan, U.S, Indonesia, Mexico, Saudi Arabia, South Africa, India, China

☆ The next total solar eclipse: When and where to expect it
▼ + stars: | 2024-04-09 | by ( Ashley Strickland | ) edition.cnn.com time to read: +3 min

CNN —Monday’s total solar eclipse, one of the most highly anticipated events of 2024, has come and gone. But the next total solar eclipse won’t occur until August 12, 2026, said Amir Caspi, a principal scientist at the Southwest Research Institute in Boulder, Colorado. The next total eclipse in the USThe US won’t catch a glimpse of a total solar eclipse again until March 30, 2033, and even then the Russia-centric path includes only Alaska, with totality lasting 2 minutes and 37 seconds. A partial solar eclipse will shine over most of the country during that celestial event. The next total solar eclipse with a coast-to-coast path spanning the Lower 48 states will occur on August 12, 2045.

Persons: it’s, Amir Caspi, Caspi Organizations: CNN, NASA, Southwest Research, New Zealand, Democratic Locations: Chile, Argentina, South America, Boulder , Colorado, Greenland, Iceland, Spain, Russia, Portugal, Europe, Africa, North America, Alaska, North Dakota, Montana, California , Nevada , Utah , Colorado , Kansas , Oklahoma , Arkansas , Mississippi, Alabama, Florida, Australia, New, Namibia, Botswana, South Africa, Lesotho, Nigeria, Cameroon, Chad, Sudan, Egypt, Saudi Arabia, Iran, Afghanistan, Pakistan, India, China, North, South Korea, Japan, Angola, Democratic Republic of Congo, Uganda, Kenya, Somalia, Malaysia, Indonesia, Brunei, Philippines

☆ I've traveled to 9 out of 10 countries in Southeast Asia. Here are the 5 biggest mistakes I made along the way.
▼ + stars: | 2024-04-09 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +1 min

Going during monsoon season and not planning for the weather. Bangkok during the monsoon season. Marielle DescalsotaIn July, I traveled to Thailand on a reporting trip to cover the budding cannabis industry. I didn't plan for the weather, so I didn't have an umbrella or poncho with me and had to rush to get one at the last minute. This is a common occurrence in countries like Laos, Thailand, and the island of Borneo, which is shared between Brunei, Indonesia, and Malaysia.

Persons: Marielle Descalsota Locations: Bangkok, Thailand, Chakkrawat, Southeast Asia, Philippines, Laos, Borneo, Brunei, Indonesia, Malaysia

☆ China says innovations, not subsidies, are powering EV edge as Yellen raises 'overcapacity' concerns
▼ + stars: | 2024-04-08 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

(Photo by BAY ISMOYO / AFP) (Photo by BAY ISMOYO/AFP via Getty Images)China's Minister of Commerce Wang Wentao said that the speedy rise of the country's electric vehicle firms was not because of subsidies, but due to "constant innovations." The allegations about "overcapacity" by the U.S. and Europe are without merit, he said, China's Ministry of Commerce reported Monday. Wang also attributed China's EV edge to "well-established supply chain system and market competition." The roundtable discussion centered around the European Union's anti-subsidy probe into electric vehicle imports from China, among other topics, according to the statement. Wang noted that the Chinese EV industry has "made an important contribution to the global response to climate change as well as green and low-carbon transformation."

Persons: ISMOYO, Commerce Wang Wentao, Wang Organizations: Getty, Commerce, U.S, China's Ministry of Commerce, EV, Commerce Ministry, EU Locations: Jakarta, Indonesia, AFP, Europe, Paris, China

☆ These are the best stocks to play the 'explosive' up move in copper, according to Strategas
▼ + stars: | 2024-04-07 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Copper prices are in the midst of a sharp rally, and there are a few stocks investors could check out to play the trend, according to Strategas. In a Thursday report, he called out the "explosive move from copper" and identified stocks with exposure to the metal that are breaking out of their multi-year ranges. The average price target suggests downside of about 3% from current levels. The average price target suggests 29% downside from current levels. He also raised his price target to $130 from $91, implying that shares could rally about 17% from their Friday close.

Persons: Chris Verrone, Bernstein, Bob Brackett, Brackett, Jefferies, Alejandro Anibal Demichelis, Demichelis Organizations: Copper, Southern Locations: U.S, Freeport, McMoRan, McRoRan, Indonesia, Mexico

☆ Why the Boeing 737 Max has been so problematic
▼ + stars: | 2024-04-06 | by ( Erin Black | ) www.cnbc.com time to read: +1 min

Both were Boeing 737 Max 8 planes. Then in January 2024, a near catastrophe occurred when a door plug blew off an Alaska Airlines 737 Max 9 plane at 16,000 feet, shortly after it took off from Portland, Oregon. The Department of Justice has opened a criminal investigation into the Alaska Airlines incident, and the Federal Aviation Administration said it found quality control problems in its audit of Boeing and fuselage maker Spirit AeroSystem 's 737 Max production process. The FAA has said it won't let Boeing expand production until it is satisfied with its quality control. CNBC explores how Boeing's 737 Max crisis unfolded and what the future holds for Boeing's best-selling jet.

Persons: Max, AeroSystem, Dave Calhoun Organizations: Boeing, Max, Alaska Airlines, of Justice, Federal Aviation Administration, FAA, CNBC Locations: Indonesia, Ethiopia, Portland , Oregon, U.S, Alaska

☆ Indonesia's and India's economies are 'more insulated than before' to global risks, economist says
▼ + stars: | 2024-04-05 | 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 EmailIndonesia's and India's economies are 'more insulated than before' to global risks, economist saysPaul Gruenwald, global chief economist at S&P Global Ratings, says both countries have "great growth stories" and "good domestic demand stories."

Persons: Paul Gruenwald

☆ How India is challenging China as Asia's tech powerhouse
▼ + stars: | 2024-04-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +30 min

New Delhi has sought to woo foreign tech companies and has been increasingly successful, with giants like Apple increasing their presence in the country. Tom Chitty: For years China has been Asia's tech powerhouse where the world's electronics and some of the biggest companies on the planet are located. And I think India is in the very early stages, to put it quite bluntly, of trying to do that. Tom Chitty: India have got an election this year as well, which is going to be interesting to see what happens there. You know, India has aligned itself slightly more to the countries that are currently a bit more anti-China, shall we say?

Persons: Tom Chitty, Arjun Kharpal, It's, Let's, I'm, Arjun, You'll, We're, we've, what's, gunning, Narendra Modi, it's, Tom, Modi, Trump, Apple, COVID, there's, Taiwan's, that's, Karen Tso, China's, Tim Cook, Raghuram Rajan, We've, feasibly, India's, let's, he's, you've, we'll, I've, We'll Organizations: Apple, CNBC, China, India's, Foxconn, Micron, Tata Electronics, Taiwan's Powerchip Semiconductor Manufacturing Corp, Reserve Bank of India, CCP, Samsung, Bain, India, London Locations: China, Tencent, Asia, India, Delhi, Washington, Beijing, American, COVID, U.S, Brazil, Vietnam, Indonesia, Thailand, Taiwan, South Korea, Bangalore, Goa, Kolkata, Mumbai, Europe, Silicon, New York, Germany

☆ While many flock to see the eclipse, these cultures are doing something different
▼ + stars: | 2024-04-05 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +8 min

CNN —For many people, the upcoming total solar eclipse is a joyous and celebratory occasion. But in other cultures and faith traditions, an eclipse is less spectacle and more spiritual. Having drunk the nectar, Rahu becomes immortal while Ketu dies. Some Christians believe it signals the second coming of ChristPeople visit the Bald Knob Cross near Alto Pass, Illinois, on August 19, 2017 ahead of a total solar eclipse. The New Testament of the Bible contains several mentions of the sky darkening while Jesus was hung on the cross, which some believers associate with a solar eclipse.

Persons: Sanjay Kanojia, Sangeetha Kowsik, Kowsik, Vishnu, Mohini, Ketu, Rahu, Hanuman, ” Kowsik, Ganesha, Lord Hanuman, Fachrul Reza, NurPhoto, Akif Aydin, Muhammad’s, Ibrahim, Aydin, —, Prophet Muhammad, ”, Scott Olson, Jesus Christ, Jesus, Matthew, “, “ Eli, Eli, lema, Joel, Andrea L, Robinson, Brian van der, Evelyn Bahe, ” Bahe, Bahe, Institute’s Nancy C, Maryboy, David Begay, Kristin Fisher Organizations: CNN, Getty, New York University, Atlantic Institute SC, Christ People, Christianity, “, Los Angeles Times, Department of Diné, Sun, Institute’s Locations: Mexico, Canada, Prayagraj, Yamuna, AFP, South India, Lhokseumawe, Indonesia, South Carolina, Alto Pass , Illinois, American, America, it’s, Navajo, Rock , Arizona

☆ Nvidia plans to build a $200 million AI center in Indonesia amid push into Southeast Asia
▼ + stars: | 2024-04-05 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California, on Feb. 11, 2015. Nvidia is planning to build a $200 million artificial intelligence center in Indonesia in partnership with local telco giant Indosat Ooredoo Hutchison, as the U.S. tech darling continues its push into Southeast Asia. Indosat did not respond to a request for comment, while Nvidia declined to comment on the matter. Indosat Ooredoo Hutchison is Indonesia's second-largest mobile telco after a 2022 merger between Qatar's Ooredoo and Hong Kong's CK Hutchison. Nvidia's increased presence in Indonesia represents a broader push into Southeast Asia this year as data demand in the region booms on the back of the growing digital economy.

Persons: Ooredoo Hutchison, Budi Arie Setiadi, Indosat, Blackwell, Indosat Ooredoo Hutchison, Kong's CK Hutchison Organizations: Nvidia, Indonesia's, Information Technology, Qatar's, Kong's Locations: Santa Clara , California, Indonesia, U.S, Southeast Asia, Surakarta, Central Java, Nvidia's

☆ McDonald's will buy all 225 restaurants from Israel franchise following pro-Palestinian boycott fallout
▼ + stars: | 2024-04-05 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

McDonald's signed a deal to purchase all 225 of the restaurants that comprise its Israel franchise, the American fast-food chain announced, following months of dramatically lower sales due to pro-Palestinian boycott action amid the Israel-Hamas war. "An agreement to sell Alonyal to McDonald's Corporation has been signed," the McDonald's statement said Thursday. "Upon completion of the transaction, McDonald's Corporation will own Alonyal Limited's restaurants and operations, and employees will be retained on equivalent terms." "We are dismayed by the disinformation and inaccurate reports regarding our position in response to the conflict in the Middle East," McDonald's Corp. said in a November statement. "McDonald's Corporation is not funding or supporting any governments involved in this conflict, and any actions from our local Developmental Licensee business partners were made independently without McDonalds' content or approval."

Persons: McDonald's, Omri Padan, Israel —, —, Chris Kempczinski Organizations: Israel, Alonyal Ltd, McDonald's Corporation, McDonald's, Consumers, Gaza, enclave's Health Ministry, World Health Organization, McDonalds Locations: Israel, East, Malaysia, Indonesia

☆ Taipei 101: How Taiwan’s tallest skyscraper withstands earthquakes
▼ + stars: | 2024-04-04 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

But in a triumph of modern engineering, the soaring Taipei 101, once the world’s tallest skyscraper, emerged from the island’s latest seismic event undamaged. A 660-ton spherical device called a tuned mass damper swings like a giant pendulum in the skyscraper's upper floors. “It’s essentially a very large counterweight,” explained Stefan Al, author of “Supertall: How the World’s Tallest Buildings Are Reshaping Our Cities and Our Lives,” in a phone interview. “In the case of Taipei 101, it’s 660 tons. Lee & Partners, Taipei 101 was the world’s tallest building from 2004 until 2007, when it was surpassed by the Burj Khalifa in Dubai.

Persons: Richard Chung TW, “ It’s, ”, Stefan Al, “, it’s, ” Al, Al, Lee Organizations: CNN, National Fire Agency, Lee & Partners Locations: Taiwan, Hualien County, Taipei, New York, Burj Khalifa, Dubai, ”, Indonesia, Chile

☆ These bird nests sell for such a high price in China that huge bird hotels have sprung up to harvest the 'caviar of the East'
▼ + stars: | 2024-04-03 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +1 min

Bird hotels in Indonesia try to attract swiftlets, whose edible nests are a delicacy in China. The swiftlet nests, made of dried saliva, are used to make bird's nest soup. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The nests, made of dried swiftlet saliva, sell for high prices and are used to make bird's nest soup, which involves dissolving the nest in water.

Persons: — Organizations: Service, Business Locations: Indonesia, China

☆ U.S. loses its spot to China as Southeast Asia's most favored ally, survey finds
▼ + stars: | 2024-04-03 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

This is the first time Beijing has edged past Washington since 2020 when the annual survey first posed the question. China's aggressive behavior in the South China Sea is the Philippines' (90.2%) and Vietnam's (72.5%) top concern, the region's two frontline South China Sea claimant states. The Philippines President Ferdinand Marcos Jr. told Bloomberg last month that his government's claims on certain parts of the South China sea should not be viewed as provoking China. Vietnam has also asserted sovereignty over islands in the South China Sea though Beijing has brushed aside those claims. ASEAN should build up its resilience and unity to fend off pressures from the two major powers, the U.S. and China, nearly half of the survey respondents said.

Persons: ISEAS – Yusof, Ferdinand Marcos Jr, Kenddrick Chan Organizations: ASEAN Studies, Jan, Association of Southeast Asian Nations, ASEAN, China, Bloomberg, Philippines, U.S, LSE, London School of Economics, Political Science Locations: China, U.S, Washington, Beijing, Singapore, ISEAS, Indonesia . China, Japan, South China, Philippines, Vietnam, Southeast Asia

☆ 'A fantastic market': Strategist names one under-the-radar stock to play in Japan right now
▼ + stars: | 2024-04-03 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +1 min

Several investors have been looking favorably at Japanese stocks in the past few months, and market strategist Matt Orton is no exception. "Japan overall, has been a fantastic market ... Japan was the top performer within the Asian equity market complex," the chief market strategist at asset management firm Raymond James Investment Management told CNBC's " Squawk Box Asia " on April 1. One stock that stands out to Orton is Sumitomo Mitsui Financial Group . Of the 14 analysts covering the stock, 10 give it a buy or overweight rating, while four have a hold rating, according to FactSet data. Analysts' average price target for the stock is 9,537.50 Japanese yen ($62.89), giving it around 11% potential upside.

Persons: Matt Orton, Raymond James, CNBC's, levered, they've, Orton Organizations: Raymond James Investment Management, Japan's Nikkei, Tokyo Exchange, Orton, Sumitomo Mitsui Financial Group, Sumitomo Locations: Japan, Tokyo, Indonesia, India, Vietnam, Philippines

☆ Opinion | José Andrés: Let People Eat
▼ + stars: | 2024-04-03 | by ( José Andrés | ) www.nytimes.com time to read: 1 min

In the worst conditions you can imagine — after hurricanes, earthquakes, bombs and gunfire — the best of humanity shows up. The seven people killed on a World Central Kitchen mission in Gaza on Monday were the best of humanity. They are not generic aid workers or collateral damage in war. Saifeddin Issam Ayad Abutaha, John Chapman, Jacob Flickinger, Zomi Frankcom, James Henderson, James Kirby and Damian Sobol risked everything for the most fundamentally human activity: to share our food with others. These are people I served alongside in Ukraine, Turkey, Morocco, the Bahamas, Indonesia, Mexico, Gaza and Israel.

Persons: Saifeddin, Abutaha, John Chapman, Jacob Flickinger, Zomi Frankcom, James Henderson, James Kirby, Damian Sobol Locations: Gaza, Ukraine, Turkey, Morocco, Bahamas, Indonesia, Mexico, Israel

Search resuls for: "indonesia"

25 mentions found