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☆ Inside $9 billion WorldQuant's 15-year anniversary celebration in the Bahamas, with talks from Arnold Schwarzenegger and Malcolm Gladwell, plus performances from David Blaine
▼ + stars: | 2024-01-19 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +2 min

The Baha Mar resort in Nassau was full of quants, engineers, and data scientists the week before Christmas. Attendees heard speakers such as Arnold Schwarzenegger, author Malcolm Gladwell, and retired US Army Gen. Stan McChrystal speak on different topics, including the future of technology and history. One session featured Boston Dynamics founder Marc Raibert speaking on robotics and artificial intelligence with the firm's robot dog, Spot, next to him. But for those at WorldQuant looking forward to relaxing, the resort has plenty of options. Entertainment during the week also included a performance from David Blaine, the well-known illusionist.

Persons: Izzy Englander's, Igor Tulchinsky, Arnold Schwarzenegger, Malcolm Gladwell, Stan McChrystal, Marc Raibert, Magnus Carlsen, Baha, David Blaine Organizations: Baha, Business, US Army, Boston Dynamics, Hyatt, Entertainment Locations: Nassau, Bahamas, Connecticut

☆ Inside $9 billion WorldQuant's 15-year anniversary celebration in the Bahamas, with talks from Arnold Schwarzenegger, performances by David Blaine, and a $100,000 chess tournament
▼ + stars: | 2024-01-19 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +2 min

The Baha Mar resort in Nassau was full of quants, engineers, and data scientists the week before Christmas. One session featured Boston Dynamics founder Marc Raibert speaking on robotics and artificial intelligence with the firm's robot dog, Spot, next to him. Chess champion Magnus Carlsen came to play with teams from 12 different countries playing to win a $100,000 grand prize. But for those at WorldQuant looking forward to relaxing, the resort has plenty of options. Entertainment during the week also included a performance from David Blaine, the well-known illusionist.

REYKJAVIK, Iceland (AP) — Iceland’s president said the country is battling “tremendous forces of nature,” after molten lava from a volcano in the island’s southwest consumed several houses in the evacuated town of Grindavik. Johannesson said in a televised address late Sunday that “a daunting period of upheaval has begun on the Reykjanes peninsula,” where a long-dormant volcanic system has awakened. A volcano on the peninsula erupted for the second time in less than a month on Sunday morning. Authorities had ordered residents to leave the fishing town of Grindavik hours earlier as a swarm of small earthquakes indicated an imminent eruption. Political Cartoons View All 253 ImagesThe volcano eventually erupted on Dec. 18, sending lava flowing away from Grindavik.

Persons: —, “, Gudni Th, Johannesson, Magnus Tumi Gudmundsson, Gudjon Helgason Organizations: Authorities, Keflavík Locations: REYKJAVIK, Iceland, Grindavik, ”, Reykjavik

A volcano in Iceland erupted on Sunday after hundreds of earthquakes shook the Reykjanes peninsula, prompting evacuations in a town near where a fissure opened up and spewed lava last month. The eruption happened at about 8 a.m. local time near Sundhnjúkar north of the town of Grindavik, according to local news media and the nation’s civil defense agency. At least 200 earthquakes struck the area near Grindavik, 32 miles southwest of the capital, Reykjavik, on Sunday starting at about 3 a.m. local time, according to the Icelandic Meteorological Office. Before the eruption, the civil defense agency ordered the evacuation of Grindavik and said an eruption was imminent. The latest eruption happened along a row of volcanoes on the Reykjanes Peninsula, where a fissure opened up in December and erupted, creating a glowing and winding river of lava.

Persons: Magnus Tumi Gudmundsson Organizations: Coast Guard, Icelandic Meteorological Locations: Iceland, Sundhnjúkar, Grindavik, Reykjavik

☆ The Art Basel party circuit is kicking off in Miami. Here are 6 must-attend events for the Wall Street set.
▼ + stars: | 2023-12-05 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +10 min

High-brow art and millionaires tend to go hand in hand, so Art Week also means some of the world's wealthiest come out to play. Ciara attends the NYLON Presents NYLON House At Miami Art Week 2022 at Strawberry Moon at Goodtime Hotel on December 02, 2022 in Miami Beach, Florida. Regardless of the events you attend, Art Basel week is a great time to mingle and do business, explained Jasmina Midzic, Typhon's director of Investor Relations. Desperate ApeWives perform at #0XGenesis presented by Marshland, Magnus and FloodFM.com at Maps Backlot during Art Basel Miami on December 01, 2021 in Miami, Florida. Erika Goldring / Getty ImagesHere are 6 Art Basel parties the Wall Street elite and wannabes alike are vying to attend.

Persons: —, There's, galas —, Ciara, Arturo Holmes, Kim Kardashian, Serena Williams, James Koutoulas, Koutoulas, Miami's, Jasmina Midzic, she'll, who've, Magnus, FloodFM.com, Erika Goldring, It's, Midzic, Alessandra Ambrosio, Alexander Tamargo, Andreas Metaxa, Metaxa, I've, Guy Gerber, Blondish, Bella Thorne, e.l.f, Mona Lisa, Rampa, Desiree, Talon, Luciano Scalioni, — Bryan Goldberg Organizations: Miami Art, Wall, Magic City, Art, Business, Strawberry, JPMorgan, UBS, Capital Management, Investor Relations, Art Basel Miami, Art Basel, Wall Street, Fund, Party, Miami, Flex, Waterfront, Digital Locations: Miami —, Art Basel, Miami Beach , Florida, Miami, Basel, Miami , Florida, South Beach, Miami Beach, Midzic, SoHo, New York, Saxony

☆ I clean the windows on a 740-foot skyscraper. The first time, I felt like I was going to die, but now it's freeing.
▼ + stars: | 2023-11-28 | by ( Emma Magnus | ) www.businessinsider.com time to read: +6 min

It takes the team six months to clean the entire building, and then they immediately start again. AdvertisementThis as-told-to essay is based on a conversation with Lucas Da Silva, a vertical site supervisor for the Leadenhall Building in London. The first time I went up the Leadenhall Building — which is 224.5 meters tall, or about 738 feet — I felt like I was going to die. AdvertisementIt takes 6 months to clean the whole building — and then you immediately start againIt takes about six months to clean the whole building. You never get used to the risks of working that high upDa Silva admires the view from the top floors of Leadenhall Building.

Persons: Lucas Da Silva, Da Silva, —, I've, I'm, they'd Organizations: Service, Lucas Da Silva Health, London Locations: London, Paul's Cathedral, Bishopsgate

That means these Secretlab Cyber Monday deals are your chance to save big on popular high-quality products we've tested and reviewed. Several of our editors have tested it and named it a top pick in our guides to the best gaming chair and best office chair. Overall, the best Secretlab Cyber Monday deals include:To get the latest on all of the best sales, check out our guide to the best Cyber Monday deals. Keep reading below for more in-depth information on what we consider the best Secretlab Cyber Monday deals. Secretlab Titan Evo gaming chair dealSecretlab Titan Evo $519.00 $589.00 Save 12% Available in three frame sizes, the Secretlab Titan Evo is a gaming chair designed to fit people up to 6’9”.

Persons: that's, We've, it's, I've, Secretlab Magnus, Magnus Pro, Secretlab's Magnus Pro, Magnus, Sarah Saril Organizations: Evo, Titan Evo, Secretlab Magnus Pro, Secretlab's, Magnus Pro, Tech

☆ PHOTOS: The adorable cats and dogs that have kept Ukrainian troops company in front-line trenches
▼ + stars: | 2023-11-24 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Photos show the dogs and cats Ukrainian soldiers keep as pets on the front lines. A Ukrainian soldier caress a cat while standing guard at a trench in Yasnogorodka village of Kyiv, Ukraine, on May 20, 2022. Dogukan Keskinkilic/Anadolu Agency via Getty ImagesArtyom, a Ukrainian soldier, pets a cat in a trench on the front line on December 12, 2021, in Zolote, Ukraine. Brendan Hoffman/Getty ImagesUkraine is certainly not the first battlefield where soldiers have kept cats, dogs, and other pets. Dogukan Keskinkilic/Anadolu Agency via Getty ImagesFor some Ukrainian troops, pets have come to them, and some others are discovered on the battlefield.

Persons: —, caress, Dogukan, Brendan Hoffman, Tom, ANATOLII STEPANOV, Ignacio Marin, King Danylo, Wojciech Grzedzinski, BERNADETT SZABO, Muhammed Enes Yildirim, Magnus Ek, Violeta Santos Moura, Coke, Diego Herrera Carcedo Organizations: Service, Anadolu Agency, Getty, National Army Museum, Ukrainian Military Forces, Getty Images, Ukrainian Army, REUTERS, Coke, Ukrainian Armed Forces Locations: Ukraine, Ukrainian, Yasnogorodka, Kyiv, Zolote, Russian, Sevastopol, Russia, Verkhnetoretskoye, Donetsk, AFP, Donetsk Oblast, New York, Donbass, Afghanistan, Iraq, Dnipropetrovsk region, Ugledar, Donetsk region, Avdiivka, Bakhmut

The discounts include:The discount on the Titan Evo is by far the standout of this sale. Several of our editors have tested it and named it a top pick in our guides to the best gaming chair and best office chair. The Secretlab Titan Evo has become the industry standard for an ergonomic and customizable gaming chairSecretlab Titan Evo $519.00 $589.00 Save 12% Available in three frame sizes, the Secretlab Titan Evo is a gaming chair designed to fit people up to 6’9”. Read our full Secretlab Titan Evo review for all the details of what we love about this chair. Like the Titan Evo chair, the Magnus Pro desk offers tons of customization options, including a track for multiple monitor arms, app-controlled lighting, and full height adjustment up to 49.2 inches.

Persons: that's, I've, Secretlab's, Secretlab Magnus, Magnus Pro, Secretlab's Magnus Pro, Magnus, Sarah Saril Organizations: Business, Titan Evo, Secretlab's Magnus Pro, Secretlab's, Magnus Pro Locations: Secretlab

☆ NHL roundup: Connor Bedard's 4 points pace Blackhawks
▼ + stars: | 2023-11-10 | by ( ) www.reuters.com time to read: +8 min

1 overall in June, producing four points as the Blackhawks stormed to a 5-3 win over the host Tampa Bay Lightning on Thursday. He became the youngest player in Blackhawks history to have a multi-goal game and at least three points. At 18 years and 115 days old, the top-line center is the third-youngest player in NHL history with a four-point game. Anthony Cirelli had a goal and an assist for the Lightning, and Nikita Kucherov and Steven Stamkos also scored. Vincent Trocheck had a goal and two assists as the Rangers improved to 8-0-1 in the past nine games.

Persons: Connor Bedard, Kim Klement Neitzel, Chicago's Connor Bedard, Bedard, Tyler Johnson, Corey Perry, Kevin Korchinski, Nick Foligno, Philipp Kurashev, Petr Mrazek, Anthony Cirelli, Nikita Kucherov, Steven Stamkos, Mikhail Sergachev, Jonas Johansson, Bryan Rust, Sidney Crosby, Lars Eller, Jake Guentzel, Magnus Hellberg, Pittsburgh's Erik Karlsson, Carl Grundstrom, Adrian Kempe, Kevin Fiala, Pheonix Copley, Oliver Bjorkstrand, Jaden Schwartz, Matt Beniers, Adam Larsson, Vince Dunn, Philipp Grubauer, Nathan MacKinnon, Valeri Nichushkin, Bowen Byram, Ivan Prosvetov, Artturi Lehkonen, Jamie Oleksiak, Alexis Lafreniere, Vincent Trocheck, Artemi Panarin, of Famer Rod Gilbert, Blake Wheeler, Charlie Coyle, David Pastrnak, Trent Frederic, James van Riemdsyk, Brad Marchand, Linus Ullmark, Brock Nelson, Simon Holmstrom, Ilya Sorokin, Cole Caufield, Mike Matheson, Nick Suzuki, Matheson, Cayden Primeau, Christian Fischer, Compher, James Reimer, Elias Pettersson, Ilya Mikheyev, Casey DeSmith, Vancouver's J.T, Miller, Brock Boeser, Andrei Kuzmenko, Phillip Di Giuseppe, Drake Batherson, Artem Zub, Anton Forsberg, Kyle Connor, Mark Scheifele, Mason Appleton, Cole Perfetti, Brenden Dillon, Dylan DeMelo, Alex Iafallo, Laurent Brossoit, Filip Forsberg, Philip Tomasino, Tyson Barrie, Oskar Sundqvist, Robert Thomas, Louis, Joel Hofer, Lawson Crouse, Karel Vejmelka, Matt Duchene, Tyler Seguin, Jake Oettinger, Mason Marchment, Craig Smith, Jason Robertson, Nils Lundkvist, Boone Jenner, Kirill Marchenko, Spencer Martin, Mackenzie Blackwood, Tomas Hertl, Fabian Zetterlund, Filip Zadina, Darnell Nurse, Ryan Nugent, Hopkins, Stuart Skinner Organizations: Chicago Blackhawks, Tampa Bay Lightning, Amalie Arena, Blackhawks, Lightning, Chicago, NHL, Penguins, Pittsburgh, Los, Avalanche, Seattle, Colorado, Rangers, New York, Minnesota, of Famer, New, Bruins, Islanders, Boston, Canadiens, Red Wings, Montreal, Detroit, Canucks, Senators, Vancouver, Ottawa, Jets, Predators, Winnipeg, Nashville, Coyotes, Arizona, Blues, Blue Jackets, Dallas, Columbus, Stars, Sharks, Oilers, Jose, Edmonton, Philadelphia Flyers, Thomson Locations: Tampa , Florida, USA, Los Angeles, Colorado, Denver, New, York, New York, Detroit, St

NEW YORK (AP) — The physical pain of nearly dying when shrapnel from a roadside bomb in Iraq tore through his head 17 years ago was hard enough for ABC newsman Bob Woodruff. A couple of inches either way, Woodruff was told, and he would have been killed instantly. He has constant contact with veterans through the Bob Woodruff Foundation, which raises money for military families. That allowed for some gallows humor when Woodruff and Magnus Macedo, the sound technician on Woodruff’s 2006 trip, tried to cross it. Woodruff reunited with Saad Al-Dulaimi and Ghassan Al-Mohammadawi, Iraqi military men who had accompanied him in 2006.

Persons: Bob Woodruff, Woodruff, “, ”, “ It’s, you’re, Mack, Bruce Springsteen, David Westin, ” Westin, it’s, Lee, ” Woodruff, Magnus Macedo, “ Don’t, Saad Al, Ghassan, ” Al, Mohammadawi, Doug Vogt Organizations: ABC, Hulu, Associated Press, Disney, Bob Woodruff Foundation, ” Locations: Iraq, Taji, Mosul

For all the desperation that the winless Sharks might have brought to the rink, the Penguins said they wanted the win more after a 3-6 start. We give up the third goal and we’re a fragile group.”Anthony Duclair and Jacob MacDonald scored power-play goals for San Jose. I think our battle level is just non-existent sometimes and it’s costing us.”The game also saw the return of Erik Karlsson to San Jose. Penguins head coach Dan Sullivan said it means a little extra for Karlsson and Matt Nieto — another former Sharks player now on the Penguins — to return to San Jose. “I know they have a lot of fond memories here in San Jose.

Persons: — Reilly Smith, Jake Guentzel, Evgeni Malkin, Smith, Penguins —, —, Pittsburgh’s, Bryan Rust, Vinnie Hinostroza, Kris Letang, Matt Nieto, Tristan Jarry, ” Rust, “, David Quinn, Quinn, ” Anthony Duclair, Jacob MacDonald, “ We’re, Duclair, Erik Karlsson, San, Norris, Karlsson, Marcus Pettersson, Jarry, Mike Hoffman, Dan Sullivan, Matt Nieto —, ” Sullivan, Mackenzie Blackwood, Magnus Chrona, Sidney Crosby, Crosby, we’ve, haven’t, Sullivan, ___ Organizations: JOSE, Calif, Pittsburgh Penguins, San Jose, Sharks, NHL, Penguins, Pittsburgh, New York Rangers, Arizona Coyotes, Boston Bruins, The Sharks, Vancouver Canucks, San, ”, ” UP NEXT Penguins, Anaheim, Philadelphia Locations: Jose, San Jose, ” UP

Magnus Mæland, the municipality mayor, then angrily removed the Russian wreath — only to have a woman, described by Norwegian public broadcaster NRK as being Russian, put it back. In 2019, on the 75th anniversary, Russia’s Foreign Minister Sergei Lavrov laid wreaths at the monument and stood side-by-side with Norway’s foreign minister. On Saturday, Konygin gave a speech at the war memorial in the same Norwegian border town. Visiting locals from the Russian border town of Nikel faced the diplomat while residents from Kirkenes silently turned their back to him, according to the online outlet the Barents Observer. Locals had already placed a wreath at the monument before Konygin arrived, with the text “to our Ukrainian heroes from 1944 and 2022," according to the Barents Observer.

Persons: Magnus Mæland, ” Mæland, Marit Bjerkeng, Harald Sunde, Sergei Lavrov, Nikolai Konygin, Konygin Organizations: NRK, Russia’s, Observer, Locals, Barents Observer, Soviet Union Locations: COPENHAGEN, Denmark, Russian, Kirkenes, Norway, Soviet, Norwegian, Russia, Ukraine, Nazi Germany, Nikel

☆ China issues new bonds to prop up economy as global investors flee at 'unprecedented' pace
▼ + stars: | 2023-10-25 | by ( Laura He | ) edition.cnn.com time to read: +7 min

Foreign fund outflows from China’s so-called A-share market have entered “an unprecedented stage,” Morgan Stanley strategists wrote in a recent note. A-shares are yuan-denominated shares of mainland China firms that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange. This seems highly unlikely under Xi.”Even Chinese investors seem to be plagued by a growing lack of faith in the future of the country’s economy. It will hit the economy in an all-around and indiscriminate way,” the fund said in a letter to its investors, which went viral. “Xi might wield vast control in China, but he can’t compel global investors to buy into his vision or risk their capital,” he said.

Persons: ” Morgan Stanley, ”, Alex Capri, Xu jingbai, ICHPL, Brock Silvers, Beijing’s “, Apple’s iPhones, George Magnus, Joe Biden, Goldman Sachs, Derek Scissors, Xi, Craig Singleton, Xi Jinping, “ Organizations: Hong Kong CNN — Investors, Shanghai Stock Exchange, Shenzhen Stock Exchange, Connect, CSI, Foundation, National University of Singapore Business School, Chinese Communist Party, Kaiyuan, “, China’s Taiwan Affairs Office, China Centre of Oxford University, Global, People’s Bank of China, National People’s, Central Huijin Investment, American Enterprise Institute, Dingtai, Foundation for Defense of Democracies Locations: China, Hong Kong, Beijing, China’s, Shanghai, Shenzhen, Hai'an, China's Jiangsu, Capri, United States, ”

☆ Magnus Carlsen defeated twice in same tournament by French grandmaster Maxime Vachier-Lagrave
▼ + stars: | 2023-09-30 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —French grandmaster Maxime Vachier-Lagrave defeated world No. 1 Magnus Carlsen in two matches as he won the 2023 AI Cup and qualified for the upcoming Champions Chess Tour Finals. By winning the first match, Vachier-Lagrave forced a Grand Final “Reset” and he took victory in both games of the second match too. Carlsen went for a queen sacrifice in the first game of the second match but his gamble ultimately failed as Vachier-Lagrave took victory. In the second game of the second match, however, it seemed as if Carlsen was regaining his form and salvaging his position before Vachier-Lagrave went for a bishop sacrifice that turned the game on its head.

Persons: CNN —, Maxime Vachier, Lagrave, Magnus Carlsen, Carlsen, “ I’m, ” Carlsen, “, Maxime, ” Maxime Vachier, Waleed Zein, victoires, ”, that’s Organizations: CNN, Frenchman, Anadolu Agency Locations: Toronto

☆ Evergrande’s chairman has been detained. The company will struggle to survive
▼ + stars: | 2023-09-29 | by ( Laura He | ) edition.cnn.com time to read: +7 min

But that plan now looks to be in peril, after police detained its chairman as well as staff at a financing subsidiary. Previously China’s second biggest real estate company, Evergrande’s default in 2021 ignited a crisis in the property sector that continues to weigh on the wider economy. It said it needed to reassess the terms of the restructuring plan, in part because sales had been weaker than expected. “The debt restructuring can’t really happen if Evergrade can’t issue new debt or equity, and it doesn’t seem like it can,” Magnus said. As for Magnus, he believes Evergrande’s time as an independent company is over.

Persons: Evergrande, Xu Jiayin, Hui Ka Yan, ”, George Magnus, Bobby Yip, ” Magnus, “, Tyran Kam, Fitch, Kam, Yicai, What’s, Magnus, “ They’ll Organizations: Hong Kong CNN, Sunday, Oxford University’s China, SOAS University of London, Shenzhen government’s, CNN, Fitch Locations: China, Hong Kong, Beijing, Shenzhen, United States

☆ Hans Niemann: Chess grandmaster ‘categorically’ denies using vibrating sex toys to cheat in the sport
▼ + stars: | 2023-09-26 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

When he was pressed by Morgan if he had used such toys “while playing chess,” Niemann replied: “Well, your curiosity is a bit concerning, you know - maybe you’re personally interested, but I can tell you, no. The accusations of cheating aimed at Niemann evolved into a scandal which gripped the world of chess over the last year. Niemann then filed a $100 million defamation lawsuit against Chess.com, Carlsen and popular streamer and player Hikaru Nakamura. As a result, online chess sites, like Chess.com, have developed anti-cheating technology to detect when players are using outside computer software during games in an attempt to curb foul play. While FIDE is battling to combat online cheating, there has been a level of purity to over-the-board chess with cheating proving to be much more difficult.

Persons: Hans Niemann, Piers Morgan, Niemann, ”, it’s, Morgan, ” Niemann, you’re, Magnus Carlsen, “, Carlsen, St . Louis, Chess.com, Hikaru Nakamura, Magnus, Niemann –, –, they’ve, Andy Howie, haven’t Organizations: CNN, New York Times, Louis Chess Club, Chess.com, ” CNN, FIDE Locations: Norwegian, St ., Chess.com, Stockfish

☆ Analysis: China's Xi Jinping skipping G20 may be part of his plan to reshape global governance
▼ + stars: | 2023-09-08 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

Since its first leaders’ summit in 2008, China’s top leader has always attended the gathering – including by video link during the Covid pandemic. Now, “China sees the G20 space as increasingly oriented toward the US and its agenda, which Xi Jinping regards as hostile to China,” Werner said. Alternative governance structureXi last attended the G20 summit in Bali, Indonesia, in November last year, when he emerged from China’s Covid isolation and declared his return to the world stage. All the while, Xi has only made two trips abroad this year – and both are central to his attempt to reshape the global world order. Next month, the Chinese leader is expected to host the Belt and Road Forum to mark the 10th anniversary of his global infrastructure and trade initiative – a key element in Beijing’s new global governance structure.

Persons: Jinping, Premier Li Qiang, Beijing’s reticence, Xi, ”, George Magnus, I’m, I’ve, Jake Werner, ” Werner, Biden, Werner, Happymon Jacob, China’s, Shi Yinhong, Joe Biden –, Antony Blinken, Vladimir Putin –, Magnus, they’re, ” Magnus, –, “ It’s Organizations: Hong Kong CNN, Premier, China Center, Oxford University, “, Quincy Institute in, Quincy Institute in Washington DC, Pacific NATO, ”, India, New, Jawaharlal Nehru University, Divisions, Renmin University, EU, Beijing, Global Security Initiative, Global Development Initiative, Civilization Initiative, Forum, Shanghai Cooperation Organization – Locations: Hong Kong, New Delhi, China, Xi’s, India, United States, Quincy Institute in Washington, Beijing, New, Washington, Pacific, Ukraine, Moscow, Bali , Indonesia, Germany, France, Brazil, Indonesia, Johannesburg, South Africa, BRICS

☆ Torrid summer for Chinese economy but hope for rebound, says professor
▼ + stars: | 2023-09-05 | 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 EmailTorrid summer for Chinese economy but hope for rebound, says professorGeorge Magnus, a research associate at the University of Oxford China Centre and SOAS China Institute, discusses the current economic climate in China, and explains why President Xi is so opposed to stimulating the economy.

Persons: George Magnus, Xi Organizations: University of Oxford China Centre, SOAS China Institute Locations: China

☆ China's auto workers bear the brunt of price war as fallout widens
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +9 min

Millions of auto workers and suppliers in China are feeling the heat as an electric vehicle price war forces carmakers to shave costs anywhere they can. State-run China Automotive News estimates there are over 100,000 auto suppliers in the country. Suppliers typically negotiate prices once a year, but many have been pressed to lower prices on a quarterly basis in 2023, two senior executives at auto suppliers said. And in June, a group of small suppliers wrote to state-owned Changan Automobile to push back against 10% price reductions. Three months later, he told Reuters that price cuts had been more aggressive in 2023 than in previous years.

Persons: Aly, Mike Chen, Chen, carmakers, Tesla, George Magnus, Elon Musk, Mike Chen's, Li Auto, Liu, Changan Automobile's, Chen Yudong, They've, Zhang Yan, Brenda Goh, Kripa Jayaram, Marius Zaharia, David Clarke Organizations: SAIC Volkswagen, REUTERS, Rights, Shanghai, SAIC, Volkswagen, VW, Oxford University's China, China Passenger Car Association, Tesla, GM, HK, Changan Automobile, Mitsubishi Motors, Toyota, Hyundai, China Automotive, Automobile, EV, Reuters, Thomson Locations: Shanghai, China, China's, Beijing, Shenzhen, Hefei, Chongqing, Chery's, Qingdao

☆ How private equity giants like Apollo and EQT are using the cloud to improve dealmaking, boost portfolio companies, and tap into AI
▼ + stars: | 2023-09-05 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Here's how Apollo and EQT use Google Cloud to improve themselves and their portfolio companies. The cloud represents big cost savings and efficiency gains among portfolio companies; for example, buyout firm THL migrated one of its portfolio companies to the cloud to save 50% on annual IT infrastructure costs. PE firms benefit from having their data — and their portfolio companies' data — in one place to gain better business insights and check out opportunities. Using cloud to improve portfolio companies and investment firms themselvesBoosting employee productivity with the cloud and AI is top of mind for Apollo's Mahidhar. Google Cloud's tech talent has also helped Swedish PE giant EQT speed up cloud projects among portfolio companies.

Persons: Vikram Mahidhar, THL, Mahidhar, Carl, Magnus Hallberg, execs, Adaire Fox, Martin, Hallberg, Apollo's Mahidhar, it's, —, Zac Maufe, Maufe, it'll, Fox Organizations: Apollo Global Management, Apollo, Google, KKR Locations: EQT, Swedish

☆ Hans Niemann reinstated by Chess.com, vows to become ‘best chess player in the world’ after alleged cheating scandal
▼ + stars: | 2023-08-30 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

CNN —American chess grandmaster Hans Niemann has been reinstated by Chess.com following the conclusion of a legal dispute between Niemann, Magnus Carlsen and the online platform, among others. In June, a US judge dismissed a $100 million defamation lawsuit filed by Niemann against Chess.com, five-time world champion Carlsen, and popular streamer and player Hikaru Nakamura. This followed an alleged cheating scandal surrounding Niemann which rocked the sport last year. “I am pleased that my lawsuit against Magnus Carlsen and Chess.com has been resolved in a mutually acceptable manner, and that I am returning to Chess.com,” Niemann said in a video posted on X, formerly Twitter. According to Niemann’s dismissed lawsuit, the dispute began in September 2022 when then world champion Carlsen accused Niemann of cheating at the Sinquefield Cup in St. Louis, Missouri.

Persons: Hans Niemann, Niemann, Magnus Carlsen, Chess.com, Carlsen, Hikaru Nakamura, ”, Hans, ” Chess.com, “, ” Niemann, Magnus, Niemann’s, José Mourinho, ” Carlsen, Pavel Mikheyev, Julius Baer, Nakamura Organizations: CNN, Chess.com, Niemann, Louis Chess Club, YouTube Locations: American, Chess.com, St, Louis , Missouri, Kazakhstan

☆ Chess-Carlsen and Niemann settle dispute over cheating claims
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

Magnus Carlsen of Norway sits in front of a chess board during a game. Chess.com banned Niemann and later published a report saying he had likely cheated more than 100 times in online games. Niemann has admitted to cheating online when he was 12 and 16-years-old, but denied any wrongdoing while contesting over-the-board games. Weeks after the Sinquefield Cup, Carlsen refused to play in an online game against Niemann, opting instead to resign after just one move. "I am willing to play Niemann in future events, should we be paired together."

Persons: Magnus Carlsen of Norway, Pavel Mikheyev, Norway's Magnus Carlsen, Hans Niemann, Niemann, Carlsen, Chess.com, Hikaru Nakamura, Magnus, Weeks, Hritika Sharma, Peter Rutherford Organizations: FIDE, REUTERS, Sinquefield, American, Thomson Locations: Almaty, Kazakhstan, U.S, St, Louis , Missouri, Hyderabad

☆ The Chess Cheating Scandal Ends With an Uncomfortable Handshake
▼ + stars: | 2023-08-28 | by ( Andrew Beaton | Joshua Robinson | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/sports/chess-cheating-magnus-carlsen-hans-niemann-be3b9c5

Persons: Dow Jones, magnus, carlsen, hans, niemann

☆ In a Bitter Lawsuit, Chess Combatants Agree to a Draw
▼ + stars: | 2023-08-28 | by ( Dylan Loeb Mcclain | ) www.nytimes.com time to read: +2 min

As the statement made clear, all parties in the litigation will now be allowed to “talk openly about their views,” meaning without fear of legal repercussions. It would not be surprising if people in the chess world, including Carlsen, Nakamura and Niemann, continued to weigh in. In addition, there is a looming investigation from the International Chess Federation, the game’s governing body, into the matter. At the time, the federation said it would release the report in October. We always strive to do what is best for chess, and we believe this decision to move forward together is good for the game.”

Persons: Carlsen, Niemann, “, Magnus, Nakamura, Louis, Erik Allebest, Chess.com, ” Organizations: International Chess Federation Locations: St

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