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☆ Tender photos reveal the quiet intimacy of an English country garden
▼ + stars: | 2023-09-20 | by ( Suyin Haynes | ) edition.cnn.com time to read: +6 min

But British photographer Siân Davey wanted to make something different. Davey's garden, the backdrop for the series, became a sanctuary during coronavirus lockdown mandates in the UK. Courtesy Siân Davey Davey/Michael Hoppen Gallery London“The Garden” is currently shortlisted for the Prix Pictet — an international photography prize highlighting work on themes connected to sustainability. Courtesy Siân Davey Davey/Michael Hoppen Gallery LondonFor Davey and her son, the project was as much about intention and process as it was about making the photographs. Courtesy Siân Davey Davey/Michael Hoppen Gallery LondonCreating the garden then, has been a way to create a deeper relationship between the people photographed and the earth.

Persons: Siân Davey, “ I’m, ”, “ It’s, Sian Davey, Michael Hoppen Galler, ” Davey, Luke, Davey, Siân Davey Davey, Michael Hoppen, —, Alice ”, Down’s, Martha ”, Roland, Davey’s, “ Organizations: CNN, London, Prix, Michael Hoppen Gallery, Dartington Hall, Victoria, Albert Museum Locations: Devon, England, Michael Hoppen Gallery London, London

☆ India's banking system liquidity deficit jumps to over 4-year high
▼ + stars: | 2023-09-20 | by ( Dharamraj Dhutia | ) www.reuters.com time to read: +2 min

MUMBAI (Reuters) - India’s banking system liquidity deficit is at its widest in over four years ago, amid tax outflows and the lack of any major inflows, traders said on Wednesday. REUTERS/Hemanshi Kamani/File PhotoBanking system liquidity deficit jumped to 1.47 trillion rupees ($17.67 billion) as on September 18, the highest single day shortfall since April 23, 2019, while banks have borrowed a record 1.97 trillion rupees from the central bank’s Marginal Standing Facility window. Advance tax payments took place last week, while outflows towards Goods and Services tax will be completed by Wednesday, with bankers estimating aggregate outflows of up to 2.50 trillion rupees. Moreover, “another drain on rupee liquidity could be from RBI’s (Reserve Bank of India) FX intervention if depreciation pressures on the rupee persist,” said Gaura Sen Gupta, an economist with IDFC First Bank. The liquidity deficit will, however, narrow towards the end of this month and the beginning of October as government spending picks up and the I-CRR is completely wound down.

Persons: Hemanshi, ”, Gaura Sen Gupta, Upasna Bhardwaj Organizations: REUTERS, Goods, Services, Reserve Bank of India, IDFC, Bank, Kotak Mahindra Bank Locations: MUMBAI, India, RBI’s

☆ Instacart stock subdued as debut enthusiasm loses steam
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Cheney Orr/File Photo Acquire Licensing RightsSept 20 (Reuters) - Grocery delivery app Instacart's stock (CART.O) fell nearly 5% in premarket trading on Wednesday, on course to join other new stock market entrants in failing to keep up with their strong gains on debut. Shares of San Francisco-based Instacart ended 12% higher in their Nasdaq debut on Tuesday, failing to hold onto an intraday gain of as much as 43%. The company's initial public offering on Monday had given it a valuation of nearly $9.9 billion. In August, it announced interest from PepsiCo (PEP.O), which has agreed to buy $175 million in preferred convertible stock. Reporting by Savyata Mishra and Niket Nishant in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Eric Cohn, Cheney Orr, Instacart, Alex Frederick, Frederick, Instacart's, Andrew Lipsman, Savyata Mishra, Niket, Devika Organizations: Safeway, REUTERS, Investors, San, Nasdaq, Walmart, Amazon, PitchBook, PepsiCo, Insider Intelligence, Thomson Locations: Tucson , Arizona, U.S, San Francisco, Bengaluru

REUTERS/Beawiharta Acquire Licensing RightsLONDON, Sept 20 (Reuters) - London Metal Exchange (LME) stocks of tin have grown steadily over the summer months and have reached levels last seen in April 2020. Around half of the tin produced every year is used as a soldering material on circuit boards, linking usage to the fortunes of the consumer electronics sector. Global semiconductor sales from SIABOOM AND BUSTTin's fortunes are closely tied to the consumer electronics sector, which has experienced a remarkable boom-and-bust cycle over the last three years. That translated into a boom year for tin demand, usage growing by 7.6%, led by a 12.2% rise in the soldering sector, according to the International Tin Association. However, global semiconductor sales have registered small month-on-month increases since April and the year-on-year gap narrowed to 11.8% in July, according to the SIA.

Persons: Lockdowns, Boom, Barbara Lewis Organizations: PT Timah, REUTERS, London Metal Exchange, Shanghai Futures Exchange, SIA, Semiconductor, Semiconductor Industry Association, International Tin Association, World Semiconductor Trade Statistics, Wa State, Reuters, Thomson Locations: Mentok, Indonesian, Bangka, Myanmar, London, Shanghai, Wa, China

☆ What It’s Like to Be a 13-Year-Old Girl Today
▼ + stars: | 2023-09-20 | by ( Jessica Bennett | ) www.nytimes.com time to read: +3 min

London had a tough couple of days; she had been sent to the principal’s office for lashing out at a girl who had been mean to her by sending a text impersonating a boy that girl liked. I wanted to put a face to the alarming headlines about teens and social media — in particular, girls. Rachel Woolf for The New York Times AnnaThe long-term effects of social media on the teenage brain have not yet been defined, much less proven — which isn’t to say it’s all bad. Dee Dwyer for The New York Times LondonFor adults, it’s become common to name the things that make women more likely to face burnout and stress. But it is a snapshot of being 13 in the age of social media.

Persons: Anna, wouldn’t, Elaine Cromie, The New York Times Addi Anna, Addi, who’d, Rachel Woolf, The New York Times Anna, isn’t, ”, Mitch Prinstein, Dee Dwyer, it’s Organizations: The New York Times, American Psychological Association, The New York Times London Locations: Snapchat, London, Addi , Michigan, Colorado, London , Maryland

☆ China VCs have a big problem — and it’s not just a drop in U.S. investor appetite
▼ + stars: | 2023-09-19 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Among China-focused investment firms, only four U.S. dollar-denominated venture capital funds established between 2015 and 2020 have at least returned investors all the money they put in. Alternative assets include venture capital, but not publicly traded stocks and bonds. Preqin doesn't track every single China VC fund, and only included those with data as of the end of last year or more recently. In the world of early-stage investing, "limited partners" (typically institutions) give money to "general partners" (venture capital funds) to invest into startups. The outperforming funds were: Loyal Valley Capital Advantage Fund I, Hillhouse Fund II, Oceanpine USD Fund I and HighLight Capital USD Fund II.

Persons: Preqin, —, Reuben Lai, “, Reuben Lai Preqin, they'd, Alex Shum, Preqin's Lai, there's, Lai, Jinjian Zhang, Vitalbridge, Zhang Organizations: Nurphoto, Getty, ., China VC, CNBC, Fengshion, Investment Fund, LYFE Capital, GGV, BioTrack, U.S, Capital, II, Sequoia, Sequoia Capital China Growth Fund, TPG NewQuest Locations: Shenzhen, China, BEIJING, That's, Preqin, Greater China, Beijing, IPOs, Vitalbridge, Shanghai

DENVER (AP) — Colorado State coach Jay Norvell said Monday that senior safety Henry Blackburn has been receiving death threats since his late hit that hospitalized Colorado two-way star Travis Hunter. It’s a football game. "This kid should be worried about going to school and getting ready to play football. Hunter tried to continue to play after the hit but was ruled out in the second half and was taken to a hospital. We certainly don’t want to see anybody get hurt.”Shedeur Sanders took exception to the blow by Blackburn along the Colorado sideline and confronted Blackburn.

Persons: Jay Norvell, Henry Blackburn, Travis Hunter, Blackburn, Deion Sanders, Norvell, Let’s, ” Norvell, I’ve, Henry, shouldn’t, Sanders, Hunter, “, ” Sanders, “ We’ve, He's, Shedeur Sanders, you've, he’s, “ It’s, Travis, ” Shedeur Sanders, ”, LeBron James, of Famer Champ Bailey, Bailey, Arnie Stapleton Organizations: DENVER, —, — Colorado State, Rams, Buffaloes, Southern Cal, Los Angeles Lakers, of Famer, Washington Commanders, Denver Broncos, AP Pro Football Locations: — Colorado, Colorado, who's, Boulder, It’s, Oregon, Eugene, Georgia

☆ Yum China says tech investments let it open more stores without needing more staff
▼ + stars: | 2023-09-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Pedestrians walk past a Pizza Hut restaurant and a KFC restaurant, both operated by Yum China, in Beijing, China, on Sept. 5, 2020. Bloomberg | Bloomberg | Getty ImagesBEIJING — Yum China is spending more on tech, an investment that's allowed it to open more stores without having to hire more staff, CEO Joey Wat told CNBC in an interview Friday. Yum China operates KFC and Pizza Hut stores in China, among other brands. With technology, she said staff can be promoted to manage multiple stores and support the opening of new locations. This year alone, the company plans to spend about $700 million to $900 million.

Persons: Joey Wat, Wat Organizations: KFC, Yum, Bloomberg, Getty, CNBC, Yum China, U.S, Companies, Walmart Locations: Yum China, Beijing, China, BEIJING, Yum, Alibaba

Three decades ago, as a University of North Carolina student, he covered a deadly shooting for the school newspaper. Last month, as a journalism professor at the same school, Ryan Thornburg kept his students safe during a lockdown — after another shooting. Thornburg, the former student journalist, didn’t even think to call his parents in California about the 1995 shooting until he saw a television news van near the scene. A few days later, it was their turn to experience a campus shooting. Students who grew up in the age of school shootings are arriving on campus extra jumpy, he said.

Persons: Ryan Thornburg, didn’t, Wendell Williamson, Williamson, Thornburg, ”, “, ’, Paul Dean, Dean, Zoe Bright, I’ve, Bright, Mark, Mark Bright, Presley Bright, Dan Flannery, ” Flannery, ’ ”, Holly Ramer Organizations: University of North, UNC, Chapel Hill, International Association of Campus, University of New, Safety, Violence Prevention, Research, Case Western University, Associated Press Locations: University of North Carolina, California, University of New Hampshire, United States, “, New Hampshire

☆ Suspected fraud flagged on UK COVID-19 loans jumps 43%
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

The latest figures from the Department for Business and Trade showed the level of suspected fraud as of June 30. The figure was up from the previous level of 1.18 billion pounds flagged at the end of March. Identified fraud levels have ticked up as banks look into further COVID-19 loans as they fall due. The figures show the government has paid out 7.39 billion pounds to lenders to date under the guarantees, while 17 billion pounds has been fully repaid by borrowers. Nearly 31 billion pounds' worth of loans are outstanding from borrowers still making payments on time, the data shows.

Persons: Britain's, Toby Melville, Banks, Iain Withers, Angus MacSwan Organizations: REUTERS, Department for Business, Trade, Thomson Locations: London, Britain, COVID

☆ It’s Cozy and Cheap, but Do You Want to Live in This Social Media Magnet?
▼ + stars: | 2023-09-14 | by ( Farah Nayeri | More About Farah Nayeri | ) www.nytimes.com time to read: +1 min

“Our desire to be social with different people — including influencers and celebrities, or people who are living in a different place in a different way — can all play out on social media, because it feels like we are making a personal connection,” she said. “From the data that we have so far, there is no basis to say that social media have the ability to change behavior in that way,” he said. For people looking to live and work in big cities, the post-pandemic housing situation is dire. In Manhattan in June, the average rental price was $5,470, according to a report from the real-estate brokerage Douglas Elliman. Across the city, the average rent this month is $3,644, reports Apartments.com, a listing site.

Persons: ”, Pablo J, Douglas, Apartments.com Organizations: Northwestern University Locations: Manhattan, London

☆ I.R.S. Freezes Pandemic-Era Tax Credit Amid Fraud Fears
▼ + stars: | 2023-09-14 | by ( Alan Rappeport | More About Alan Rappeport | ) www.nytimes.com time to read: +1 min

“We are deeply concerned that this program is not operating in the way it was intended,” Daniel Werfel, the I.R.S. “We believe you should see only a trickle of employee retention claims coming in. Among them was the Employee Retention Credit, a tax benefit that was created as part of the initial $2 trillion pandemic relief legislation. said on Thursday that it had already paid out about $230 billion in refunds associated with the tax credit and that it had a backlog of 600,000 claims. Mr. Werfel said that 15 percent of the 3.6 million claims for the credit that the I.R.S.

Persons: ” Daniel Werfel, “, Werfel Organizations: Congressional, Office Locations: Washington

☆ 'Just a temporary blip’: Chinese travelers will be back, says Banyan Tree founder
▼ + stars: | 2023-09-14 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

A dearth of Chinese travelers is nothing to "worry about," said Banyan Tree Holdings founder Ho Kwon Ping. "Most of us in the hospitality industry, a year or so ago, predicted that Chinese tourism would only start to rebound around maybe this year or even next year." For Banyan Tree Holdings — which operates more than 60 hotels in 17 countries — Ho said "Chinese tourism [is] coming back quite strongly." What's missing are the "mass group tours, which provide the numbers, but they don't come to our hotels anyway," he said. "So you have a lot more free individual travelers … and they're the ones who can pay the higher airfares and so on."

Persons: Ho Kwon Ping, CNBC's Chery Kang, — Ho Organizations: Tree Holdings, Milken, Holdings Locations: China

☆ London police apologise and pay compensation to women held at vigil
▼ + stars: | 2023-09-13 | by ( Michael Holden | ) www.reuters.com time to read: +3 min

Police detain Patsy Stevenson as people gather at a memorial site in London's Clapham Common park following the kidnap-murder of Sarah Everard, in London, Britain, March 13, 2021. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsLONDON, Sept 14 (Reuters) - London's police force has apologised and paid "substantial damages" to two women detained at a vigil held in memory of Sarah Everard who was raped and murdered by a serving officer, their lawyers said on Thursday. Bindmans, the law firm who represented women, said in a statement the Metropolitan Police had now settled civil claims brought by the women, paying them damages and issuing an apology. A spokesperson for the Metropolitan Police said the vigil had taken place in extraordinary circumstances and its officers had acted in good faith. An independent watchdog report weeks after the vigil concluded police had acted appropriately.

Persons: Patsy Stevenson, Sarah Everard, Hannah McKay, Everard, Wayne Couzens, Dania Al, Stevenson, It’s, Cressida Dick, Couzens, Michael Holden, Diane Craft Organizations: REUTERS, Clapham, Metropolitan Police, Thomson Locations: London's Clapham, London, Britain

☆ Naomi Klein Explores Her Own and Your Doppelgänger - The New York Times
▼ + stars: | 2023-09-13 | by ( Naomi Klein | ) www.nytimes.com time to read: +2 min

I sometimes wondered what I had done to deserve my doppelgänger woes. Doppelgängers, which combine the German words for doppel (double) with gänger (goer), are often regarded as warnings, or omens. In an attempt to better understand the warnings carried by my doppelgänger experience, I spent many evenings immersing myself in the rich repertory of doppelgänger films. Until the underground doppelgängers get tired of the arrangement and wreak havoc. Postulating that doppelgängers were tools to express sublimated desires and terrors, it was written in 1914, just as the First World War began.

Persons: Jordan Peele’s, “, ”, Otto Rank, Sigmund Freud, Postulating, Harry Tucker Jr Locations: Austrian

☆ A Fashion Designer Who ‘Chose Crazy’
▼ + stars: | 2023-09-13 | by ( Alexandra Marshall | ) www.nytimes.com time to read: +1 min

It was during Paris’s first pandemic lockdown that the fashion designer Marco Ribeiro felt he’d reached a creative inflection point. “I was like, ‘I can go one of two ways,’” he recalls. “ ‘Either very commercial’ — but nobody was buying anything at the time, and nobody knew how long that would last — ‘or very crazy.’ I chose crazy.”In 2019, the now-35-year-old Brazilian, who’d moved to Paris after 11 years in Buenos Aires, where he sold hand-painted bags and clothing, mostly to friends, had launched his first women’s wear line, a collection of tailored, minimalist pieces. But he never really felt like the work reflected him — where he came from, or what he wanted to convey. In place of his previous monotones are color blocking, bold stripes and a clash of florals and plaids.

Persons: Marco Ribeiro, he’d, ’ ”, “, ’, who’d, they’re Locations: Paris, Buenos Aires

☆ CHART OF THE DAY: Chinese growth expectations fall to 'lockdown lows,' fund manager survey says
▼ + stars: | 2023-09-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

BofA's survey of fund managers found that a net 0% expect a stronger Chinese economy in the next 12 months. Investors noted that China's real estate sector is the most likely source of any future credit event risk. Describing expectations as back to "lockdown lows," BofA noted that's a whopping plummet from February, when a net 78% of respondents anticipated a stronger economy. But China's economy has slowed sharply in subsequent months, with rapid cooldowns seen in retail sales, industrial output, exports, and investment. In fact, fund managers responding to BofA's survey placed China's real estate as the most likely source of a future systemic credit event.

Persons: BofA, China's Organizations: Investors, Service, Bank of America Locations: Wall, Silicon, China, Beijing

☆ Top fund managers flee emerging markets in fear of a potential global crisis, new survey shows
▼ + stars: | 2023-09-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Top investors are dumping emerging market equities and buying U.S. stocks at a record pace due to concerns about a potential global crisis, according to Bank of America investment strategist Michael Hartnett. The BofA Global Fund Manager Survey showed that September saw a record jump in investor allocation to the U.S., and out of emerging market securities. The shift in asset allocation stemmed from a significant decline in China growth expectations. Bank of America's survey showed none of the respondents now expect a stronger economy in China, versus 78% when polled in February. Bank of America's survey showed investors see China real estate as the No.1 source of the next global credit event.

Persons: Michael Hartnett, Hartnett Organizations: Bank of America, Global, Survey, Bank of, People's Bank of Locations: U.S, China, Beijing, People's Bank of China

☆ Van Gogh painting stolen from Dutch museum during pandemic is recovered
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

The Singer Laren Museum, where the work of art "Spring Garden" by Vincent Van Gogh was stolen, is seen closed to the public because of the coronavirus disease (COVID-19) outbreak, in Laren, Netherlands March 30, 2020. REUTERS/Piroschka Van De Wouw/File Photo Acquire Licensing RightsAMSTERDAM, Sept 12 (Reuters) - A painting by Vincent Van Gogh that was stolen from a small Dutch museum in 2020 during a COVID-19 lockdown has been recovered, the institution which owns the artwork, said on Tuesday. The painting, which dates from 1884, was stolen from the Museum Singer Laren, east of Amsterdam, where it was on loan for an exhibition. At the time, Dutch police released security footage showing the moment thieves broke into Singer Laren Museum on March 30, smashing glass doors, to steal the painting. "The painting has suffered but - at first sight - it is in good shape," the Groninger Museum said, adding it was now at theAmsterdam Van Gogh Museum and it would take weeks or months before it would be returned.

Persons: Vincent Van Gogh, Van De, Museum Singer Laren, Van Gogh's, Arthur Brand, Benoit Van Overstraeten, Alexandra Hudson Organizations: Laren Museum, REUTERS, Rights, Groninger, Museum Singer, Singer Laren Museum, Amsterdam Van Gogh, Police, Alexandra Hudson Our, Thomson Locations: Laren , Netherlands, Amsterdam, Nuenen, Amsterdam Van, Dutch

Shivon Zilis was pictured alongside Elon Musk and their twins for the first time on Wednesday. Insider first reported that Musk quietly fathered twins with Zilis, a director at Neuralink, in 2021. AdvertisementAdvertisementGrimes, whose legal name is Claire Boucher, said on X that communication about Zilis' twins "wasn't handled super well." Last week, in a since-deleted post on X Grimes accused Zilis of blocking her on social media. The Neuralink director has also taken to posting about her children in recent months.

Persons: Shivon Zilis, Elon Musk, Musk, Zilis, Elon Musk's, Walter Isaacson, —, Isaacson, Musk wasn't, Justine, Grimes, He's, he's, Tesla, Justin Sullivan, Ray Kurzweil, I've, Sam Altman, OpenAI's, Jonathan Raa, Neuralink, Lorena Gonzalez Fletcher, ck Elon Musk, Gonzalez, Austin Zilis, Claire Boucher, wasn't, Musk's, X Grimes, Tau, ftw Organizations: Service, Yale University, Yale, IBM, Bloomberg Beta, Forbes, Canadian, Conference, Neuralink, Getty, Food and Drug Administration, California, Twitter, SpaceX Locations: Zilis, Wall, Silicon, Austin, Ontario, Canada, Markham , Ontario, California, Texas, Boca Chica, South Texas

☆ Covid Hero or ‘Lockdown Ron’? DeSantis and Trump Renew Pandemic Politics
▼ + stars: | 2023-09-10 | by ( Nicholas Nehamas | More About Nicholas Nehamas | ) www.nytimes.com time to read: +2 min

But there are questions about whether a pandemic that many Americans see as long over will resonate with the electorate in 2024. Now, a recent resurgence of Covid-19 cases is giving Mr. DeSantis a chance to press the argument. Mr. DeSantis and other Republicans have seized on that as evidence that the Covid-19 debate, which they frame as a civil rights battle, is far from over. Mr. DeSantis emphasized that point during his swing through Iowa on Saturday. He has appeared repeatedly this past week on Fox News and other conservative media outlets lauding his pandemic policies, and has done interviews with local news media outlets in Iowa and New Hampshire.

Persons: DeSantis, Trump, ”, Idalia, —, Mr Organizations: Republican, Iowa, Grundy, Fox News Locations: Florida, Iowa, New Hampshire, Jacksonville —, Jacksonville

☆ Opinion | Luring Theater Audiences Back After Covid
▼ + stars: | 2023-09-10 | by ( ) www.nytimes.com time to read: +1 min

My husband and I are guilty as charged, recognizing ourselves, painfully, in the interviews with former theater company subscribers. Before the pandemic, we subscribed to nearly every theater company in the city. We were such dedicated audience members that we timed our trips to Florida based on the City Center “Encores!” offerings. Even when theater resumed, we remain uncomfortable in large groups and are much more selective about what we choose to see. We kept two subscriptions — at the Public Theater and Lincoln Center, which maintained mask-required performances longer than most.

Organizations: “, City, Public Theater, Lincoln Center Locations: Florida

☆ Polish ruling party figures would face state tribunal after election, opposition says
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +3 min

FILE PHOTO-Poland's central bank governor-designate Adam Glapinski speaks during a hearing at a parliamentary panel at the Parliament in Warsaw, Poland May 20, 2016. Agencja Gazeta/Kuba Atys via REUTERS/File Photo Acquire Licensing RightsWARSAW, Sept 9 (Reuters) - Poland's main opposition party said on Saturday it would convene a state tribunal if it wins October's national election to consider allegations against ruling party figures and their allies, including the president, prime minister and the governor of the central bank. The central bank said that it "never comments on statements from politicians". It also says Prime Minister Mateusz Morawiecki should face a state tribunal for giving the order to attempt to hold the presidential elections by post in 2020. Most polls for the national election show PiS with more than 35% of the vote, while the KO grouping has around 30%.

Persons: Adam Glapinski, Atys, KO, Donald Tusk, Tusk, PiS, Glapinski, Andrzej Duda, Mateusz Morawiecki, Alan Charlish, Mike Harrison Organizations: Agencja Gazeta, REUTERS, Rights, liberal Civic Coalition, Justice, National Bank of Poland, Thomson Locations: Warsaw, Poland, Germany, Russia

☆ China Is Full of Risks. So Why Can’t Corporate America Leave?
▼ + stars: | 2023-09-08 | by ( Alexandra Stevenson | More About Alexandra Stevenson | ) www.nytimes.com time to read: +1 min

For decades, America’s corporate chieftains saw China as a money spinner. Western companies doing business in China are facing pressures that were unimaginable several years ago. The country’s economy is floundering and its relationship with the United States is strained. Many Western companies still see their China operations as a long-term bet, but the payoff is tempered with hazards. “There is a recognition among C.E.O.s that they need to mitigate some risks,” said Myron Brilliant, a senior counselor at Dentons Global Advisors-ASG.

Persons: ”, Myron Brilliant Organizations: Global Locations: China, United States

☆ Asia's ultra-rich population records largest drop in the world. Here's how North America and Europe did
▼ + stars: | 2023-09-08 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Asia's ultra-high-net-worth population declined by about 10.9% last year, marking the largest regional drop in the world, a report by data firm Altrata showed. Ultra-high-net-worth (UHNW) individuals are those with a net worth of more than $30 million, according to the study. The combined net worth of Asia's super rich population was at $12.13 trillion compared with Europe's $11.73 trillion, the report showed. Europe recorded the second-worst regional performance, with a 7.1% fall to 100,850 high-net worth individuals. Inflationary shocks from Moscow weaponizing energy supplies, which Europe is reliant on, heightened risk aversion and the disruption of supply chains all led to the decline.

Persons: Altrata Organizations: Tech Locations: Ukraine, South Korea, Taiwan, Europe, Moscow

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