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HONG KONG — A key piece of a little-told chapter of World War II history almost ended up in a landfill. That diary is now believed to be the only known primary source documenting the involvement of Chinese naval officers in the D-Day landings at Normandy. The 24 British-trained Chinese naval officers were forced to choose between the two sides, with many of them going on to have distinguished careers in the Chinese or Taiwanese militaries. Instead he settled down in Hong Kong, a British colony at the time, where he worked as a merchant seaman until the late 1960s. A page from Lam’s journal on display at the Fringe Club in Hong Kong last month.
Persons: Lam Ping, Chiang Kai, Lam, , , ” Lam, John Mak, Chiang, Mao Zedong’s, Peter Parks, Mak, Angus Hui, crackdowns, Lau Suk Yin, ” Hui, ” Mak Organizations: Pacific, U.S, Royal Naval College, Allied, Fringe Club, Getty Locations: HONG KONG, Hong Kong, Normandy, Indonesia, China, United States, Britain, France, Norwegian, Germany, Japan, Mao Zedong’s Communist, Republic of China, Taiwan, British, Brazil, AFP, Greater China
Announced in August , and reported this way for the first time this week, Microsoft decided to change which revenue streams fall under its three main reporting segments. In Microsoft's upcoming report, search and news advertising revenue will move from the More Personal Computing (PCP) segment into the Intelligent Cloud (IC) segment. Another change includes Microsoft removing revenue from Power Business Intelligence data analytics and the Enterprise Mobility and Security group of products from the IC segment. MSFT YTD mountain Microsoft (MSFT) year-to-date performance Some Wall Street analysts are upbeat on the new reporting structure. He also touted Microsoft's AI prospects ahead of quarterly earnings — citing the company's first-mover advantage in integrating AI.
Persons: Piper Sandler's Brent Bracelin, Bracelin, Morgan Stanley, there's, Jim Cramer, I'm, Jim, Amy Hood's, Jim Cramer's, Satya Nadella, Dimas Ardian Organizations: Microsoft, Web Services, Power Business Intelligence, Enterprise Mobility, Security, Piper, CNBC, BI, Guggenheim, Big Tech, Bloomberg, Getty Locations: OpenAI, Jakarta, Indonesia
Companies must consider customers' desire for local payment methods, frictionless transactions, and evolving government regulations. For both enterprises, a payment platform must do more than simply accept transactions: It must easily adapt to different markets, audiences, and regulatory environments. That's why they have chosen a single-source payment platform to help them innovate and grow. This included payment methods like Momo in Vietnam, Bank Transfer in Indonesia, Pix in Brazil, and UPI in India. Seamless payment processes drive businessEnterprises looking to grow need a payment partner that meets business requirements as well as consumer preferences.
Persons: Dave Wolf, Fubo, Erik Gerson, Adyen, Momo, we've, Wolf, tokenization, Gerson Organizations: Companies, Meta, Reality Labs, Fubo, UPI, tokenization, Insider Studios Locations: Vietnam, Indonesia, Pix, Brazil, India, Adyen
Apple has been banned from selling the iPhone 16 in Indonesia. Apple's share of the Indonesian market has grown to around 10% in recent years. AdvertisementThe Indonesian government has blocked Apple from selling its latest iPhone 16 in the country because it does not meet local regulations. The ministry said 9,000 iPhone 16 products had already entered the country. Of the 235 million smartphones Apple sold globally last year, the company only sold about 3.4 million in Indonesia, the FT reported.
Persons: Apple hasn't, , Apple, Tim Cook, Joko Widodo Organizations: Apple, Service, Indonesia's Ministry of Industry, Ministry of Industry, Indonesian, Anadolu, Getty, Apple Intelligence Locations: Indonesia, Indonesian, China
After a sweeping look at global trade shifts, JPMorgan strategists have concluded that some of Apple's Chinese suppliers could benefit from the trend of supply chain diversification. The Oct. 18 report looked at 10 aspects of "the great supply chain relocation and the rise of trading blocs." The analysis ranged from China's dominance in the global supply chain and overcapacity concerns, to U.S. policy. Calls for supply chain diversification picked up during the Covid-19 pandemic. "Further, they highlight names that could benefit from Apple's supply chain relocation," the report said.
Persons: Donald Trump's, Trump, Kamala Harris, Oppo, Bernstein, — CNBC's Michael Bloom Organizations: JPMorgan, Republican, Democratic, Biden, Apple, Wingtech, Luxshare Precision Industry Locations: U.S, China, India, ASEAN, Mexico, iPhones, GoerTek, Luxshare, Vietnam, Malaysia, Philippines, Shenzhen, Indonesia
CNN —Emmy, Grammy, and Tony award-winning, American actor Billy Porter and celebrated South African television presenter Bonang Matheba have been tapped to host the fourth annual Earthshot Prize Awards in South Africa on November 6. The Earthshot Prize is an ambitious environmental initiative founded by Prince William back in 2020 that seeks to offer green solutions to some of the world’s most pressing problems. Billy Porter, pictured on stage during the 2023 Tribeca Festival last June, will co-host this year's Earthshot Awards ceremony with South African TV presenter Bonang Matheba in Cape Town on November 6. Cindy Ord/Getty ImagesThe 15 Earthshot Prize finalists hail from six continents, with France, Ghana, Indonesia, Kazakhstan and Nepal all having teams in contention for the first time. Earthshot Week runs November 4 to 7, culminating with the Earthshot Prize Awards on November 6.
Persons: Tony, Billy Porter, Bonang Matheba, Prince William, Porter, , , ” Matheba, , Davido, Diamond Platnumz, Lebo, Uncle Waffles, Cindy Ord, Prince, Wales, José Andrés, Queen Rania, Jordan, David Attenborough, Heidi Klum, Nina Dobrev, Winnie Harlow, Tobe Nwigwe Organizations: CNN, South, Choir, Getty, YouTube, Earthshot, CNN’s Royal Locations: American, South Africa, Cape Town , South Africa, Tanzanian, African, Cape Town, France, Ghana, Indonesia, Kazakhstan, Nepal
Abdul Rasheed Ghaffour, governor of Bank Negara Malaysia, during a news conference at Sasana Kijang Center, which houses Bank Negara Malaysia facilities, in Kuala Lumpur. Malaysia is working toward having the "the right ingredients" to finally claim "Asian Tiger" status, but must avoid the traps of widening inequality seen elsewhere. That's according to Abdul Rasheed Ghaffour, the governor of the central bank of Malaysia, who believes the southeast Asian country must avoid a "boom-bust cycle that has happened before." But it may be a case of better late than never, thanks to better-than-expected economic growth this year. Ghaffour said Malaysia is moving into producing logic chips — more advanced chips often know as the brains of electronic devices.
Persons: Abdul Rasheed Ghaffour, Ghaffour, Karen Tso, Donald Trump, Kamala Harris Organizations: Bank Negara Malaysia, Bank Negara, Washington , D.C, CNBC, Asian Tigers, Oxfam, Taiwan's, Budget, Accounting, Statistics, Tech, Intel, Economic, ASEAN, Republican, Democratic Locations: Bank, Bank Negara Malaysia, Kuala Lumpur, Malaysia, Hong Kong, Singapore, Taiwan, South Korea, Washington ,, Hong Kong's, Penang, European, U.S, Malaysian, Thailand, Indonesia .
Indonesia said it drove a Chinese coast guard ship out of its waters in the South China Sea. AdvertisementIndonesia said it deployed two vessels and an aircraft to expel a Chinese ship from contested waters in the South China Sea. The interaction is another turn in a yearslong dispute over who owns the South China Sea, and gets to exploit its resources. AdvertisementThe incident escalates the dispute over the South China Sea, and highlights the richness of its resources. Malaysia and Vietnam are also pursuing oil-and-gas projects in the South China Sea, and running into Chinese opposition.
Persons: Organizations: Service, Indonesian National Armed Forces, Maritime Security, PT Pertamina, CCG, Maritime Security Agency, Business, US Navy, Strategic, Studies, Maritime, China Coast Guard, Vietnam's Vanguard Bank Locations: Indonesia, South China, China, Indonesia's, Taiwan, Vietnam, Brunei, Malaysia, Philippines
AdvertisementInstead, the researchers are looking for the traits in other banana varieties that match a Cavendish's taste and hardiness. ChiquitaThey used information about the bananas' disease resistance, color, yield, and other characteristics as a kind of Lego system, García-Bastidas said. AdvertisementNow that TR4 is spreading, growers and scientists don't want to make the same mistake again of relying on a single banana variety. AdvertisementLi-Jun Ma, a professor of biochemistry at the University of Massachusetts Amherst studying the banana-killing fungi, agrees we shouldn't rely on a single banana variety. Ultimately, Yelloway researchers envision a future where grocery stores offer multiple banana varieties.
Persons: Chiquita, , Cavendish, We're, Peter Stedman, Fernando García, Bastidas, They're, Jeffrey Greenberg, Manuel Rueda The Cavendish, Gros Michel, The Cavendish, Yelloway, Stedman, Li, Jun Ma Organizations: kiwis, Wageningen University & Research, Yelloway Initiative, Chiquita, Universal, Getty, AP, University of Massachusetts Amherst Locations: Netherlands, Philippines, Indonesia, Riohacha, Colombia
CNN —The hottest revival trend in travel for 2025? That would be “fun,” according to National Geographic editor-in-chief Nathan Lump, who spoke exclusively to CNN ahead of the Tuesday reveal of Best of the World 2025, the brand’s annual list of the most thrilling and purposeful travel experiences for the year ahead. Cork has “always been a fun city with a vibrant culture … and an incredibly warm local population,” says Lump. Big-hitters with new attractionsThere are also some destinations on the list that are never short of a visitor or two, such as Bangkok and Los Angeles. In the Thai capital, National Geographic is highlighting the ongoing restoration work at Wat Chaiwatthanaram, a 17th-century Buddhist temple and one of the country’s most important monuments.
Persons: Nathan, , That’s, It’s, “ Oppenheimer, Cillian Murphy, George Lucas, , “ we’ve, it’s, Kanazawa Organizations: CNN, National Geographic, Teatro, Basque Block, Geographic, Wat, Lucas Museum, “ Star, Oriental Express, Malaysia, Malayan Locations: Guadalajara, Mexico, Boise , Idaho, Basque, United States, Cork, Bangkok, Los Angeles, Thai, Wat Chaiwatthanaram, , , Crenshaw, Exposition, British Columbia, Guatemala, India, Antigua, Ladakh, Greenland, North America, Japan, Kanazawa, Kyoto, Florida, Sweden, Tunisia, Indonesia
An Italian surfer died last week after being impaled by a swordfish while surfing in Indonesia, local media reported. Fabio Giulivi, the mayor of Manfrini’s hometown, Venaria, said the surfer was “tragically” taken from her loved ones in the prime of her life. “The news of her death has left us shocked and makes us feel powerless in the face of the tragedy that took her life so prematurely,” Giulivi wrote in an Instagram post. In August, an Australian man died after he hit his head on a reef while surfing in North Sumatra, Indonesia. Last year, American professional surfer Mikala Jones died after the fin of his surfboard severed an artery in his leg while surfing in Indonesia.
Persons: Giulia Manfrini, , Lahmudin Siregar, Antara, , James Colston, Giulia couldn’t, ” “ Giulia, Fabio Giulivi, ” Giulivi, Mikala Jones Organizations: Disaster Management Agency Locations: Italian, Indonesia, Italy, Islands, Manfrini, London, Venaria, Australian, North Sumatra, American
CNN —An Italian surfer has died after being impaled in the chest by a sharp-billed fish while surfing off Indonesia’s West Sumatra coast. Giulia Manfrini, 36, had been surfing in the Mentawai Islands, a remote island chain when she suffered a “freak accident,” said her business partner James Colston. “Unfortunately, even with the brave efforts of her partner, local resort staff and doctors, Giulia couldn’t be saved,” Colston said Sunday in a statement on Instagram. According to a medical report, she suffered a stab wound to the upper left chest with a depth of about five centimeters, the agency said. Together Colston and Manfrini founded travel company AWAVE Travel, which organized trips to popular surfing destinations, including the Mentawai Islands.
Persons: Giulia Manfrini, , James Colston, , Giulia couldn’t, ” Colston, ” Lahmudin Siregar, Manfrini, Colston, Pei Pei, Antara, Venaria Reale, ” Fabio Giulivi, Chiara, Giorgio, ” “ Giulia couldn’t, Giulia Organizations: CNN, AWAVE Locations: Italian, Indonesia’s West Sumatra, Mentawai, Siberut, Venaria, Turin, Italy, , Stoke
EY has fired dozens of staff in the US over code of conduct breaches, the FT first reported. The staff watched multiple online training courses simultaneously, the report said. The dismissals took place last week after an investigation found that the staff had watched multiple online training courses simultaneously during "EY Ignite Learning Week" in May, the FT reported. They said that there had been no warning that watching courses simultaneously was not allowed and that multitasking was part of EY's culture. The SEC said hundreds of EY accounting staff shared answers to exam questions "over multiple years."
Persons: EY, Organizations: Business, Service, Financial Times, US Securities and Exchange Commission, SEC, Big, Public Company Locations: Indonesia, Philippines
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNomura: Indonesia has room to increase tax, but it's tough for a new government to do thatEuben Paracuelles of Nomura discusses the conundrum facing Indonesia's new government as it embarks on significant spending plans.
Persons: Nomura Organizations: Email Nomura Locations: Indonesia
Presidential candidate Prabowo Subianto, waves to photographers as he leaves after attending a dialog held by country's anti-graft agency Corruption Eradication Commission (KPK) at its headquarters in Jakarta, Indonesia, January 17, 2024. Indonesia's Prabowo Subianto on Sunday took over as president of the world's third-largest democracy, vowing to combat internal issues such as corruption that plague the country and to make it more self-sufficient. Prabowo, who unsuccessfully ran for the presidency twice before, said in a fiery speech to lawmakers he would be president for all Indonesians and challenged the nation to help him face down the country's problems. "We must always realize that a free nation is where the people are free," Prabowo said, at times raising his voice. In a wide-ranging speech lasting about an hour, Prabowo said self-sufficiency for food was possible within five years, while also pledging to become self-sufficient in energy.
Persons: Prabowo, Indonesia's Organizations: country's, Sunday Locations: Jakarta, Indonesia, Indonesia's
Starting next month, they'll move into public preview, meaning more organizations can start building AI agents of their own. AI agents can act as virtual workers that can carry out a series of tasks without supervision. Microsoft demonstrated how its autonomous AI agents work. Competition is fierceMicrosoft is doubling down on AI agents at a time when competition is intensifying up in the red-hot artificial intelligence space. Microsoft 365 Copilot is a service offered by the tech giant that embeds generative AI into its suite of productivity apps.
Persons: Satya Nadella, Dimas Ardian, they'll, Jared Spataro, Salesforce, Zahra Bahrololoumi, , Bahrololoumi, I'm, Marc Benioff Organizations: Bloomberg, Getty, Microsoft, Copilot, Dynamics, McKinsey, CNBC, Crown Commercial Service Locations: Jakarta, Indonesia, Salesforce, London, U.S, San Francisco, Ireland, Copilot
JP Morgan: Expect BI to cut interest rate by 50bps by Q1 2025
  + stars: | 2024-10-21 | 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 EmailJP Morgan: Expect Bank Indonesia to cut interest rate by 50bps before the end of Q1 next yearJP Morgan's Henry Wibowo calls for targeted fiscal stimulus from Indonesian government to support lower- and middle-income households
Persons: JP Morgan, Morgan's Henry Wibowo Organizations: Expect Bank Locations: Expect Bank Indonesia
But Widodo appointed Subianto as defense chief after his reelection, paving the way for an alliance despite their rival political parties. Backed by Widodo, Subianto swept to a landslide victory in February’s direct presidential election on promises of policy continuity. Subianto was sworn in with his new vice president, 37-year-old Surakarta ex-Mayor Gibran Rakabuming Raka. Leaders and senior officials from more than 30 countries flew in to attend the ceremony, including Chinese Vice President Han Zheng and leaders of Southeast Asia countries. Indonesia is a bastion of democracy in Southeast Asia, a diverse and economically bustling region of authoritarian governments, police states and nascent democracies.
Persons: Prabowo Subianto, Subianto, Prabowo, Gibran, , Atalaric Eka, , Joko Widodo, Widodo, Gibran Rakabuming Raka, Raka, don’t, Jordanian King Abdullah II bin Al, Hussein, Nancy Namrouqa, Abdullah, Han Zheng, Joe Biden, Linda Thomas, Greenfield, Adm, Samuel Paparo, ” Subianto, Suharto Organizations: Widodo, Southeast Asia —, Foreign, U.S, United Nations, Pacific Command, American, Army Locations: JAKARTA, Indonesia, Jakarta, Surakarta, Southeast Asia, Jordan, Jordanian, Amman, Gaza, Subianto, Asia, United States, China, U.S, Australia, Indonesian, Borneo
Jakarta Reuters —Indonesia’s Prabowo Subianto on Sunday took over as president of the world’s third-largest democracy, vowing to combat internal issues such as corruption that plague the country and to make it more self-sufficient. “We must always realise that a free nation is where the people are free,” Prabowo said, at times raising his voice. Newly-inaugurated Indonesian President Prabowo Subianto greets supporters after being sworn in as the country's eighth president in Jakarta on Oct. 20, 2024. Flower boards outside the palace either congratulated Prabowo and Gibran or thanked Jokowi for his decade of service. Jokowi supporters are also attending the celebrations to bid farewell to Indonesia’s outgoing leader.
Persons: Prabowo, ” Prabowo, , , Gibran Rakabuming Raka, Joko “, Widodo, Sugiono, Prabowo Subianto, Dita Alangkara, Gibran, Jokowi, Anneta, “ Prabowo, Critics, Han Zheng, Linda Thomas, Joko Widodo, Achmad Ibrahim, Suharto Organizations: Jakarta Reuters —, Sunday, US Locations: Jakarta, Indonesia’s, Indonesian, China, United States, Greenfield, Indonesia's, Indonesia, Gaza, Papua, East Timor
Costfoto | Nurphoto | Getty ImagesNvidia , Google , Microsoft and dozens of other tech companies are descending on Las Vegas next week to showcase artificial intelligence tools they say will save doctors and nurses valuable time. Based on the speaking agenda and announcements leading up to the conference, AI tools to conquer administrative burdens will be the star of this year's show. Tech companies, eager to carve out a piece of a market that could top $6.8 trillion in spending by the decade's end, argue that their generative AI tools can help. Josh Edelson | AFP | Getty ImagesGoogle, for instance, said it's working to expand its health-care customer base by tackling administrative burden with AI. Vertex AI Search for Healthcare allows developers to build tools to help doctors quickly search for information across disparate medical records, Google said.
Persons: Alex Schiffhauer, Josh Edelson, Satya Nadella, Dimas Ardian, DAX Copilot, that's, Shiv Rao, Abridge Organizations: Nurphoto, Getty, Nvidia, Google, Microsoft, Las, CNBC, Mercer, Tech, AFP, Healthcare, Google's, Bloomberg Locations: Hangzhou, China, Las Vegas, Mountain View , California, Jakarta, Indonesia
The previous record from the 2014 to 2017 mass bleaching affected just below 66% of the world’s reef area. Triggered by heat stress in warm oceans, coral bleaching occurs when corals expel the colourful algae living in their tissues. A bleached coral is not dead, but ocean temperatures need to cool off for any hope of recovery. “We’ve never had a coral bleaching event this big before.”In just the last six weeks, bleaching has been confirmed in the waters of Palau, Guam and Israel. What are we going to do about it?” said Emily Darling, who leads the Wildlife Conservation Society’s global coral reef conservation programme.
Persons: Derek Manzello, Sirachai Arunrugstichai, Lillian Suwanrumpha, Manzello, “ We’ve, , Emily Darling, El Niño Organizations: CNN, National Oceanic, Atmospheric Administration, Reuters, NOAA, Reef, Getty, , United Nations, Wildlife Conservation Locations: Trat, Thailand, Raja Ampat, Indonesia's West Papua, AFP, Palau, Guam, Israel, Caribbean, South China, Colombia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFiscal discipline in Indonesia can continue, former trade minister saysFormer Indonesian Trade Minister, Mari Pangestu, says maintaining consumption levels and increasing investments are the answer to achieving the government's 8% growth target. She also discusses the steps and challenges to developing Indonesia's human capital and productivity.
Persons: Mari Pangestu Organizations: Indonesian Trade Minister Locations: Indonesia
Alison Emerick and her husband traveled to Bali for a break on their way home to Colorado. They settled into Bali life quickly, with two young kids, and didn't want to leave. AdvertisementWe settled into Bali life quicklyAs the weeks went by, and life slowed down, we realized we really liked it here. The author, her husband, and two kids embrace Bali life. The author loves how easy it is to pick up the kids from school and head to the beach as a family.
Persons: Alison Emerick, , It's, we're, Alison Emerick Bali, we've, We've, I've, We're Organizations: Service, Singapore American School, manta Locations: Bali, Colorado, Singapore, Singapore ., Indonesia, Sanur, Canggu, Penida, Komodo, East Java, Ubud, Overdevelopment, Rivers
Analysts are optimistic about Apple's iPhone 16 sales going into the holiday season. Apple shares hit a record intraday high earlier this week. AdvertisementFall is shaping up to be good for Tim Cook as Apple rounds the corner into the holiday quarter. Analysts expect the rollout of Apple's AI features to drive iPhone demand into the holiday season. Apple Intelligence is expected to officially launch by the end of the month, and new Macs are reportedly on the way.
Persons: , Tim Cook, Nabila Popal, Morgan Stanley, Bernstein, Cook, Jacob Bourne, Bourne, Erik Woodring, William Kerwin, Kerwin, TSMC Organizations: IDC, Apple, Service, Apple Intelligence, Wall Street, ISI, Forbes, Business, Morningstar Locations: China, Xiaomi, Indonesia
A dozen states, including Texas, have new laws limiting or banning DEI policies at their public universities. The plea deal states that the Justice Department would select the person with “input” from Boeing. A Justice Department lawyer said the provision doesn’t mean that a less-qualified person would be picked, only that the government will consider all candidates. He asked the Justice Department and Boeing to respond in writing by Oct. 25. Possibly he wants to delay the decision, but that is an unsupported hunch.”The Justice Department and Boeing said they would comply with the judge’s order and declined to comment further.
Persons: District Judge Reed O’Connor, George W, Bush, O’Connor, Barack, Ron DeSantis, , Boeing’s, Max, Nadia Milleron, Samya Stumo, ” Milleron, , , John Coffee Organizations: District, Justice Department, Boeing, ., Democratic, U.S, Supreme, Florida Gov, GOP, Alaska Airlines, MCAS, Federal Aviation Administration, , Justice, DOJ, Columbia University Locations: U.S, Fort Worth , Texas, Texas, Indonesia, Ethiopia, Massachusetts
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