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☆ How the world went from a semiconductor shortage to a major glut
▼ + stars: | 2023-07-28 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The glut came after companies began to stockpile chips amid the shortage to build up inventories. From profit boost to income plungeThe pandemic-induced shortage of semiconductors helped boost chip makers' profits as prices jumped. Meanwhile, SK Hynix swung to a loss in the second quarter versus a profit in the same period last year. Taiwan Semiconductor Manufacturing Company, the world's largest chipmaker, said last week that net income for the second quarter fell 23.3% from a year ago. Looking ahead, the PC market appears weak, which is likely to impact Samsung, SK Hynix and Micron.

Persons: Wong Yu Liang, Peter Hanbury, Hanbury, Sze Ho Ng Organizations: Bain & Company, CNBC, Samsung, SK Hynix, Micron, Taiwan Semiconductor Manufacturing Company, China Renaissance Securities Locations: oversupply

☆ Meet CosMc, the obscure alien McDonald's mascot behind its new restaurant spinoff chain
▼ + stars: | 2023-07-28 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

Ronald McDonald, Grimace, and The Professor notice the vessel and Ronald McDonald knocks on it. He then proceeds to "trade" weird alien-looking objects, like a colorful lamp and a duck hat, for Ronald McDonald's skateboard and Grimace's headphones. But, smart-thinking Ronald McDonald uses his McMagnet to pull CosMc back, and the group decides to eat lunch together. In 1988, CosMc appears in another commercial, where CosMc takes Ronald McDonald on a tour through outer space. CosMc shows him a "fly-through" McDonald's restaurant that CosMc seems to have opened up on the moon.

Persons: McDonald's, Mcdonald's, Chris Kempczinski, Ronald McDonald, CosMc, Ronald McDonald's, I've, cheeseburgers, McDonald Organizations: Grimace, Service, Nintendo Locations: Wall, Silicon

☆ I'm a solo female traveler from Europe. Here's why I chose to go to Vietnam
▼ + stars: | 2023-07-27 | by ( Lucy Handley | Lisa Lucas | ) www.cnbc.com time to read: +8 min

Ho Chi Minh City highlightsI'd been warned about congestion in Ho Chi Minh City, which has a population of around 9 million. Tips for traveling in Vietnam Vietnam varies from hot and dry to cold and rainy, depending on the time of year. The Saigon Opera House in Ho Chi Minh City is an example of French architecture in the city. Although I only stayed a short time, I fell in love with Ho Chi Minh City's grand architecture, history and general buzz. The Mekong DeltaSouthwest of Ho Chi Minh City lies the Mekong Delta, a region of rice paddies, rivers and floating markets.

Persons: Ho, I'd, Ho Chi Minh, Ben Nghe, Mongkol, Rex, Eugene Ferret, It's, Bob Henry, Ucg, Thanh, Virgin Mary, Phan Thi Kim Phuc, Lucy Handley Thanh, Antonin Emery, Marius Mallein, Jolie, Minh, Cai, Andrew Woodley, Mark Barnett, expat Organizations: Ho Chi Minh City, Vietnam's National Authority of Tourism, Sapa, Chi Minh City People's, Rex, Saigon Opera House, Saigon Opera, Getty, Central Post Office, Notre Dame Cathedral, Vietnam Locations: Vietnam, Ho Chi Minh City, Mekong Delta, Phu, Gulf, Thailand, Ho Chi Minh, Vietnam Vietnam, Hanoi, Hoi, Nguyen Hue, Ben, Chi Minh City, Ville, France, Saigon, French, Saigon Saigon, Mekong, Delta, homestays, My, Tho, Con Quy, Can, Phnom Penh, Cambodia, U.S, cassia, mealtimes

☆ Scientists decode an ancient curry recipe
▼ + stars: | 2023-07-25 | by ( Katie Hunt | ) edition.cnn.com time to read: +4 min

The sandstone slab, buried 2 meters (6.5 feet) below the surface, was dug up in 2018 at the Oc Eo archaeological complex in southern Vietnam. The site was once an overseas trading hub of an ancient Southeast Asian kingdom known as Funan, according to a new study of the substances found on the slab. The findings offer clues to how curry — and the people who made it — migrated to Southeast Asia. “Nowadays, preparing curry in Vietnam has become much simpler for most families due to the widespread availability of curry powder in supermarkets. Nguyen added that the team planned to recreate the 2,000-year-old curry based on the ingredients found at the site.

Persons: ”, . Hsiao, chun Hung, ” Hung, Hung, Khanh Trung Kien, Khanh Trung Kien Nguyen, Nguyen Organizations: CNN, Australian National University, Center for Archaeology, Southern Institute of Social Sciences, Oc Eo, Eo Locations: Vietnam, Canberra, India, Southeast Asia, Ho Chi Minh City, South, Cambodia, South Asia

☆ Stellantis, Samsung SDI set plan to build second US battery plant
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +3 min

Stellantis said the second U.S. battery plant will be the sixth to support the company's goals. "The second plant will accelerate our market penetration into the U.S.," Samsung SDI CEO Yoon-ho Choi said in the statement. In May 2022, Stellantis and Samsung SDI said they would invest more than $2.5 billion to build their first joint battery plant, to open in the first quarter of 2025 in Kokomo, Indiana. Stellantis is also building a joint-venture battery plant in Windsor, Ontario, in Canada with South Korea's LG Energy Solution (373220.KS). Samsung SDI shares extended gains after Monday's announcement, rising to as much as 4.1% versus a 0.8% increase in the benchmark KOSPI (.KS11).

Persons: Carlos Tavares, Stellantis, Ram, Alfa Romeo, Yoon, Choi, Ben Klayman, Heekyong Yang, Christopher Cushing Organizations: Samsung SDI, North, Peugeot, Jeep, Citroen, Opel, Samsung, South Korea's LG Energy, General Motors, United Auto Workers union, Stellantis, GM, Ford, Thomson Locations: Korean, U.S, Europe, Kokomo , Indiana, Indiana, Windsor , Ontario, Canada, Detroit, Seoul

☆ Apple reportedly considers raising the price of its new iPhone Pros
▼ + stars: | 2023-07-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple is considering raising the price of its high-end iPhone Pros when new models come out this fall, according to Bloomberg. Since 2019, Apple has sold a high-end iPhone Pro that starts in the U.S. at $999 and a Max model with a bigger screen for at least $1099. Now, Apple's newest high-end models could reportedly receive a price increase that would boost Apple's overall revenue by increasing the average selling price of a new iPhone. The new iPhone models could have a USB-C charger, instead of a proprietary Lightning charger, after new European regulations passed last year. The new Pro models could come with a titanium case and thinner bezels, according to supply chain analyst Ming-Chi Kuo.

Persons: Ming, Chi Kuo, Sidney Ho Organizations: Apple, Bloomberg, Deutsche Bank Locations: Kolkata, U.S

Sirens sounded at 1:30 p.m. (0530 GMT) for the mandatory street evacuation drills, which effectively shut towns and cities including its capital Taipei for 30 minutes. An "air raid alert", asking people to evacuate to safety immediately, was sent via text message. Tourists with luggage were seen taking shelter in a subway station, some shocked and not sure what had happened. Other parts of Taiwan, where periodic air-raid drills are required by law, will carry out street evacuation drills this week. Reporting By Angie Teo, Fabian Hamacher and Ann Wang; Writing by Yimou Lee; Editing by Lincoln Feast.

Persons: Ann Wang, Tsai Ing, Wan, Lee Jang Ho, William Lai, Angie Teo, Fabian Hamacher, Yimou Lee, Lincoln Organizations: REUTERS, Facebook, Taiwan, Thomson Locations: Taipei, Taiwan, Ann Wang TAIPEI, Beijing, China, Ximending, South Korea, United States

☆ Analysts are getting even more bullish on Apple into its earnings report
▼ + stars: | 2023-07-24 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Two analysts raised their expectations for Apple shares, a week ahead of the technology giant's next earnings report. Deutsche Bank analyst Sidney Ho reiterated his buy rating on the Big Tech stock while raising his price target by $30 to $210. Wells Fargo analyst Aaron Rakers also upped his price target on Sunday, bringing his expected price per share to $225 from $210. The new price target from Rakers, who has an overweight rating on the stock, shows that he thinks shares could jump 17.2% over the next year. He said to expect an in-line revenue report and slight beat to expectations for earnings per share.

Persons: Sidney Ho, AAPL, Ho, Apple, Wall, Wells, Aaron Rakers, Rakers, Michael Bloom Organizations: Apple, Deutsche Bank, Big Tech

☆ Top Wall Street analysts see solid potential in these five stocks
▼ + stars: | 2023-07-23 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Bachman reiterated a buy rating on Salesforce and raised his price target to $255 from $245. DellPersonal computer makers, including Dell (DELL), have been facing significant headwinds, as the demand for desktops and laptops plunged following a pandemic-driven rush. Ho raised the price target on DELL to $60 from $48 and reiterated a buy rating. In line with his bullish stance, Rakesh increased his price target for RIVN to $30 from $27 and maintained a buy rating. Rakesh raised his price target for MBLY to $48 from $43 and reiterated a buy rating on the stock.

Persons: Mike Blake, Keith Bachman, Salesforce, Bachman, Sidney Ho, Ho, Rivian, Vijay Rakesh, Rakesh, Mobileye, bode Organizations: Reuters, BMO Capital, Service, Dell, Deutsche Bank, Solutions, Gartner, DELL, Mobileye, EV, Geely Automobile, Porsche, Volkswagen Locations: San Diego , U.S, 2H23E, Israel

King, an active-duty U.S. Army soldier serving in South Korea, sprinted into North Korea while on a civilian tour of the Demilitarized Zone on the border between the two Koreas. Washington is fully mobilized in trying to contact Pyongyang about him, U.S. Army Secretary Christine Wormuth said on Thursday, but North Korea had yet to respond. At that time, U.S. officials had just concluded an initial nuclear agreement with North Korean leader Kim Jong Un's father, Kim Jong Il. Warmbier was eventually returned to the United States in a coma in 2017, but died days later. "Here's the response we got: one missile launch after another," referring to repeated North Korean missile tests.

Persons: Travis King, Christine Wormuth, Joe Biden, Trump, It's, Thomas Hubbard, Bobby Hall, Kim Jong Un's, Kim Jong Il, Hubbard, King, Mickey Bergman, Bill Richardson, Bergman, Jenny Town, Charles Robert Jenkins, ‘, Tae Yong, Otto Warmbier, Warmbier, Otto’s, Fred, He’s, Antony Blinken, Biden, Blinken, Simon Lewis, David Brunnstrom, Idrees Ali, Don Durfee, Stephen Coates Organizations: Army, U.S . Army, U.S, North, Koreans, United Nations Command, Richardson, . Army, Reuters, Aspen Security, Korean, Thomson Locations: United States, North Korea, South Korea, . Washington, Pyongyang, U.S, Washington, North, Korea, Koreans, Sweden, New York, Jenny, Korean, Korea's

☆ For North Korea, US defectors can be a propaganda win, but a logistical pain
▼ + stars: | 2023-07-19 | by ( Josh Smith | ) www.reuters.com time to read: +5 min

Analysts said discussions over the soldier's fate could see some of the first diplomatic engagement between North Korea and the United States in years. "I do not think North Korea views the latest incident as strong leverage or an opportunity to engage the U.S.," she said. "North Korea knows that the U.S. government is unlikely to change its North Korea policy or its commitment to U.S. extended deterrence because of one U.S. soldier who reportedly faced disciplinary action and wilfully crossed into North Korea." "Their conditions are better not only than the average North Korean prisoner, but of the average North Korean citizen." North Korean border guards fatally shot and burned the body of a South Korean fisheries official in 2020, and later leader Kim Jong Un ordered an entire city into lockdown when a North Korean crossed back into the country from the South.

Persons: Travis King, King, Andrei Lankov, Rachel Minyoung Lee, Tae Yong, Tae, Lankov, Otto Warmbier, Kim Jong Un, Josh Smith, David Brunnstrom, Hyonhee, Angus MacSwan Organizations: U.S, Army, Security Area, North, Korea Risk, Stimson, Korean, Thomson Locations: SEOUL, North Korea, U.S, North Korean, Pyongyang, ., United States, Seoul, Korea, Korea's, American, Korean, Washington

North Korea's state media has made no mention of the incident. North Korea has been testing increasingly powerful missiles capable of carrying nuclear warheads, including a new solid-fuel intercontinental ballistic missile last week. Forces Korea, said the military was "working with our KPA counterparts to resolve this incident," referring to North Korea's People's Army. NORTH KOREA FIRES MISSILESThe soldier was on a tour of the Panmunjom truce village with other visitors when he crossed a Military Demarcation Line, U.S. officials say. The launch came hours after the South Korea and the United States held the first round of talks on Tuesday on upgrading coordination in the event of a nuclear war with North Korea.

Persons: Travis T, King, Lloyd Austin, Austin, Isaac Taylor, Taylor, Kim Hong, Panmunjom, Tae Yong, Josh Smith, Hyonhee Shin, hyang Choi, David Brunnstrom, Phil Stewart, Idrees Ali, Kiyoshi Takenaka, Nobuhiro Kubo, Jack Kim, Lincoln Organizations: U.S, The U.S . Army, Security Area, U.S . Defence, United Nations, U.S . Forces, Korea's People's Army, Command, UNC, North Koreans, KOREA, REUTERS, Ji, U.S ., Korea's Unification Ministry, South, United, Thomson Locations: North North Korea, Pyongyang, U.S, South Korea, WASHINGTON, American, North Korea, Washington, The, New York, U.S . Forces Korea, Paju, Ji U.S, United States, Korean, Korea's, Seoul, Tokyo

She was among some 40 other tourists who were walking around and taking photos in the moments before King made a dash to North Korea. "I don't think anyone who was sane would want to go to North Korea, so I assumed it was some kind of stunt," she told Reuters. North Korea is likely to milk the border crossing by a U.S. soldier for propaganda purposes but will probably not be able to gain political leverage, analysts and a former North Korean diplomat said. The notable exception was U.S. college student Otto Warmbier, who died in 2017 shortly after being released from a North Korea prison. Still, analysts suggested that King's stay in North Korea could be lengthy.

Persons: Travis T, King, Carl Gates, Gates, Travis, Sarah Leslie, Leslie, Tae Yong, Andrei Lankov, Otto Warmbier, Lankov, It's, Victor Cha, Josh Smith, Matt Spetalnick, Don Durfee, Sandra Maler Organizations: U.S . Army, The Korea Times, U.S, Cavalry, Korean, Force, National Defense Service, Korean Defense, Overseas Service, Daily, Joint Security Area, Reuters, South, Korea Risk Group, Center for Strategic, International Studies, Thomson Locations: SEOUL, WASHINGTON, South Korea, Washington, North, Seoul, Fort Bliss , Texas, North Korea, Racine , Wisconsin, New Zealander, U.S, North Korean, Korea, Korean, Korea's, Pyongyang

☆ Inside YouTube's social-shopping efforts, which are focused on affiliate links and shoppable short video
▼ + stars: | 2023-07-18 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +6 min

At VidCon, the annual conference for creators, industry professionals, and fans, YouTube Shopping made a splash. Michael Martin, YouTube Shopping general manager, and Bridget Dolan, managing director of YouTube Shopping partnerships, each spoke about the platform's new affiliate program. In 2021, YouTube began quietly testing shopping tools like product pins with a small group of creators. The feature looks similar to the in-app shopping tools on TikTok, with a "view products" button on the lower half of the video. Instagram, on the other hand, ended its native affiliate program in July 2022, and cut back on some features, like live shopping.

Persons: Michael Martin, Bridget Dolan, David Katz, who've, TikTok, Amanda Perelli YouTube's, Martin, it's, Jay Kent, Hume, Kent Organizations: YouTube, YouTube's, Coachella, Amazon Associates Locations: VidCon

☆ Instant View: China's Q2 GDP growth slows to 0.8% q/q, raises stimulus expectations
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +11 min

"Consumers are not spending, mainly driven by the bleak outlook for the property market. Disappointing retail numbers and property market sales show it doesn't seem that the boost from rate cuts is sufficient. ..the property market is beginning another slowdown - the government will have to come up with more stimulus for property." "Nonetheless, we think more stimulus is required to stabilise and restore confidence in the property market." ZHIWEI ZHANG, CHIEF ECONOMIST, PINPOINT ASSET MANAGEMENT, HONG KONG"Nominal GDP growth turns out to be lower than real GDP growth in Q2, the first time since comparable data are available in Q4 2016.

Persons: CHRISTOPHER WONG, LOUIS KUIJS, CAROL KONG, XING ZHAOPENG, KEN CHEUNG, ALVIN TAN, VISHNU VARATHAN, MARCO SUN, CHEN, TONY SYCAMORE, ZHIWEI ZHANG, JING LIU Organizations: Gross, National Bureau, Statistics, Shanghai, NBS, BANK OF, ANZ, MIZUHO BANK, OF, OF ASIA FX, RBC, MUFG BANK, IG, SYDNEY, Friday's, BANK OF SINGAPORE, HSBC, stoke, Authorities, Reuters, U.S, Thomson Locations: U.S, SINGAPORE, ASIA, HONG KONG, SYDNEY, CHINA, SHANGHAI, OF ASIA, China

Vietnam targets LNG-sourced gas generating up to 22.4 gigawatts (GW) of power by 2030, enough to power 20 million households and account for nearly 15% of national power supply. Complicating LNG efforts, much of Vietnam's planned gas power investment is directed to the south of the country despite the under-served north's greater vulnerability to blackouts. Reuters GraphicsThe first plant due to come online, the Nhon Trach 3 facility being built by state-run PetroVietnam Power (PV Power) (POW.HM) near Ho Chi Minh City, is scheduled to begin operation in late 2024. Takafumi Akino of Tokyo Gas, which is building an LNG terminal and a gas plant in northern Quang Ninh province, predicted "hard negotiations". PV Gas said this month it was in talks with U.S. energy giant ExxonMobil and Russia's Novatek on LNG cooperation.

Persons: Thi, Kaushal Ramesh, EVN, Japan's Marubeni, Takafumi, Rystad's Ramesh, Francesco Guarascio, Khanh, Emily Chow, Florence Tan, Phuong Nguyen, Tony Munroe, William Mallard Organizations: European Chamber of Commerce, Reuters, Energy, Tokyo Gas, Industry, Plant, Foreign, Delta Offshore Energy, Gulf International Holdings, Delta Offshore, Gulf Energy Development, Buyers, PV Gas, ExxonMobil, Russia's, Gas, Thomson Locations: Vietnam, Hanoi, HANOI, China, Thailand, Singapore, Philippines, Ho Chi Minh City, Oslo, U.S, Tokyo, Quang Ninh, South, Southeast Asia, Asia, Khanh Vu

When Vietnam fielded its first women’s national soccer team in 1997, its players wore oversized jerseys made for men. In the years after the Vietnam War — called the American War here — ended in 1975, economic reform took precedence over sports. The Vietnam Football Federation, which governs soccer in the unified country, was not established until 1989. In its early days, soccer was widely considered a game for men, too hard and demanding for women to play. “Society didn’t accept the existence of such a team,” said Mai Duc Chung, 74, Vietnam’s women’s national coach then and now.

Persons: —, didn’t, ”, Mai Duc Chung Organizations: Vietnam, soccer team, Vietnam Football Federation, “ Locations: Ho Chi Minh City, Saigon, Vietnam

☆ Singapore property tycoon cooperating with anti-graft agency - company
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +2 min

[1/2] Property tycoon Ong Beng Seng walks out of the Corrupt Practices Investigation Bureau headquarters in Singapore July 12, 2023. SINGAPORE, July 14 (Reuters) - A Singapore-based property tycoon known for bringing Formula One races to the city-state is cooperating with the anti-graft agency in a case launched earlier this week involving the transport minister, his company said on Friday. The CPIB earlier this week said it had launched an investigation into Iswaran, but did not provide further details. The case is a rare high-level probe in Singapore, a top Asian financial hub that prides itself on a corruption-free government. Ong, who was travelling on Friday, will surrender his passport to the CPIB upon his return to Singapore, his company said.

Persons: Ong Beng Seng, Ho Peng Yew, Iswaran, Lee Hsien Loong, Ong, Christina Ong, Kanupriya Kapoor, Martin Petty, Raju Gopalakrishnan Organizations: Practices, Singapore Press Holding Media, Formula, Properties, Reuters, Concorde, London Stock, Forbes, Thomson Locations: Singapore, SINGAPORE, COMO, Malaysia

☆ George Clooney says entertainment industry is at an 'inflection point' as actors like Jason Sudeikis hit picket lines
▼ + stars: | 2023-07-14 | by ( Dan Heching Cheri Mossburg Chloe Melas | Dan Heching | Cheri Mossburg | ) edition.cnn.com time to read: +2 min

CNN —Oscar winner George Clooney has joined the chorus of artists calling for change as actors hit the picket lines in their first strike against film and television studios since 1980. “This is an inflection point in our industry,” Clooney told CNN in a statement on Friday. The SAG-AFTRA strike was officially announced on Thursday. Duncan Crabtree-Ireland, chief negotiator for SAG-AFTRA, stressed to reporters on Friday that the actors’ strike is not a ploy for big name stars to make more money. The writers’ strike had already halted production on most films and television shows.

Persons: CNN — Oscar, George Clooney, ” Clooney, ”, “ Ted Lasso ”, Jason Sudeikis, Sudeikis, Alexi Rosenfeld, Constance Zimmer, Lisa Edelstein, Fran Drescher, Duncan Crabtree, ” Crabtree Organizations: CNN, Screen, American Federation of Television, Radio Artists, SAG, Writers Guild of America East, NBC Rockefeller Center, Getty, WGA Locations: New York, Ireland

☆ Vietnam's digitalization efforts fuel startup scene
▼ + stars: | 2023-07-12 | by ( Nyshka Chandran | ) www.cnbc.com time to read: +2 min

Vietnam's tech startups are reaping the benefits as the country sets its sights on becoming a fully digital society by 2030. In 2021, new startup support centers Hanoi, Da Nang and Ho Chi Minh City were announced. It ranked third in terms of deal count in Southeast Asia, and fourth in deal value last year, the report said. Notably, domestic funds were the top investors in local startups last year, accounting for 45% of total deal value. However, the total value of investment in Vietnamese startups was only $634 million in 2022 — down 56% year-on-year from the record high of $1.4 billion in 2021, the report noted.

Persons: Momo, Sky Mavis Organizations: French IT, World Bank, Ventures, National Innovation Center, Ministry of Planning, Investment Locations: French, Ho Chi Minh City, Silicon, Hanoi, Da, Southeast Asia

☆ Casino operator Melco eyes new markets with Cyprus resort launch
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +2 min

[1/4] Lawrence Ho, Chief Executive Officer and Chairman of Melco Resorts and Entertainment, speaks during a press conference at the City of Dreams Mediterranean, Europe's first integrated resort, outside Limassol, Cyprus July 11, 2023. REUTERS/Yiannis KourtoglouLIMASSOL, Cyprus July 11 (Reuters) - Asian casino operator Melco Resorts & Entertainment has launched an entertainment and gaming complex in Cyprus, marking its first foray into Europe as it seeks to tap new markets. The "City of Dreams Mediterranean" had total investment of more than 600 million euros ($659.46 million) making it one of the largest development projects of its kind undertaken in Cyprus. "City of Dreams Mediterranean ..allows Cyprus to unlock new markets in the region and beyond," said Lawrence Ho, chairman and CEO of Melco. Ho said Melco was now focused on fully developing the Cyprus project before considering whether to fan out to the rest of Europe.

Persons: Lawrence Ho, Ho, Melco, Michele Kambas, Sharon Singleton Organizations: Melco Resorts, Entertainment, REUTERS, Kourtoglou, Reuters, FIFA, Thomson Locations: Limassol, Cyprus, Kourtoglou LIMASSOL, Europe, Macau, Manila, Philippines, Israel, North Africa

☆ Storm Shadows are a threat to Russian forces in Ukraine, but busted missile remains may offer lessons for Moscow's military
▼ + stars: | 2023-07-11 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +9 min

UK-provided Storm Shadows are a new threat to Russian forces operating in Ukraine. Russian forces recently claimed to have recovered a downed missile. The recovered Storm Shadow could hold clues for the Russian military, but there's a question of whether they can learn from them. A Storm Shadow missile is prepared for loading to a Royal Air Force Tornado GR4 aircraft in the Gulf in support of Operation TELIC, March 21, 2003. Throughout the fight in Ukraine, Russian forces have had to learn lessons, but it's often a grinding and costly process.

Persons: Storm, Ben Stansall, Ian Williams, Williams, TELIC, Cpl Mark Bailey, that's, Ben Wallace, it's, there's Organizations: Service, Shadow, Storm, Farnborough, Missile Defense, Center for Strategic, International Studies, Russia, Royal Air Force Tornado, REUTERS, ASA, Su Locations: Ukraine, Russian, Wall, Silicon, Russia, Zaporizhzhia, Moscow, France

☆ For Hong Kong's youth, government-backed hostels offer a smidgen of housing hope
▼ + stars: | 2023-07-09 | by ( Clare Jim | ) www.reuters.com time to read: +5 min

[1/6] Guests attend the opening ceremony of BeLIVING Youth Hub, a youth hostel organized by the Hong Kong United Youth Association, in Hong Kong, China March 27, 2023. Two months ago, he landed a spot at a new so-called "youth hostel", which offers rooms for young adults that are subsidised by the Hong Kong government and can be rented for up to five years. A survey by the Concerning Youth Housing Rights Alliance published in May suggests the hostels will have limited appeal with close to 90% of respondents saying they don't plan to apply. "We need to think of ways to cut costs and to raise funds to keep operating," said Carrie Wong, a supervisor at the Hong Kong Federation of Youth Groups. ($1 = 7.8136 Hong Kong dollars)Reporting by Clare Jim; Editing by Anne Marie Roantree and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Lam, Silver Ho, Ho, Xi Jinping, It's, Kong, Xi, Chelsea Tung, I’ll, Carrie Wong, Ngai Ming Yip, Clare Jim, Anne Marie Roantree, Edwina Gibbs Organizations: Hong Kong United Youth Association, REUTERS, Hong, HK, Housing Rights Alliance, New, Hong Kong Federation of Youth Groups, City University of Hong, Research, Thomson Locations: Hong Kong, China, HONG KONG, Beijing, Causeway, Kong's, New BeLIVING, City University of Hong Kong

☆ Netherlands to return nearly 500 looted objects to Indonesia and Sri Lanka
▼ + stars: | 2023-07-07 | by ( Senay Boztas | ) edition.cnn.com time to read: +5 min

CNN —The Dutch government is returning 478 objects looted during colonial times to Indonesia and Sri Lanka. “It’s the first time we’re following recommendations… to give back objects that should never have been brought to the Netherlands. A collection of jewels, precious stones and silver, the "Lombok treasure" was taken from the Indonesian island of Lombok in 1894. “But what changed is our viewpoint: these objects are to tell the stories of our countries, of our shared history of peoples. A ceremonial handover of objects to the National Museum of Indonesia in Jakarta will take place at the Museum Volkenkunde Leiden on July 10.

Persons: Gunay Uslu, Cannon, ” Uslu, “, …, We’re, we’re, Lilian Gonçalves, Ho Kang, William V , Prince of Orange, Smeulders, ”, ” Smeulders, Gert, Jan van den Bergh, Bergh, Sanders, Van den Bergh Organizations: The Art, CNN, State for Culture, Dutch Council for Culture, National Museum of, Netherlands ’, East India Company, Nazi, Naturalis Biodiversity, Guardian, Art Newspaper, Museum Volkenkunde Leiden Locations: Indonesia, Sri Lanka, Nigeria, Dutch, Lombok, Bali, Kandy, Netherlands, Indonesian, Europe, Leiden, National Museum of Indonesia, Jakarta

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