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☆ Could see 10% upside for China markets in 2024: UBS Global Wealth Management
▼ + stars: | 2023-11-17 | 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 EmailCould see 10% upside for China markets in 2024: UBS Global Wealth ManagementTan Min Lan of UBS Global Wealth Management explains why she is positive on China for 2024, and shares other markets in Asia that look promising in the year ahead.

Persons: UBS Global Wealth Management Tan Min Lan Organizations: UBS Global Wealth Management Locations: China, Asia

☆ China to accelerate issuance of government bonds, finance minister says
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +2 min

A woman walks in the Central Business District (CBD) on a hazy morning in Beijing, China, October 25, 2021. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsBEIJING, China, Nov 5 (Reuters) - China will accelerate the issuance and use of government bonds, state-run news agency Xinhua reported on Sunday citing an interview with new finance minister Lan Foan. "The Ministry of Finance will continue to implement a proactive fiscal policy, focus on improving efficiency, and better play the effectiveness of fiscal policy," said Lan, who also noted the "complex domestic and international situation". Some new local government debt quotas for 2024 have been issued in advance to reasonably ensure local financing needs, he said. The top parliamentary body last month approved the issuance of 1 trillion yuan ($137 billion) in sovereign bonds in the fourth quarter to fund rebuilding of areas affected by floods, state media reported.

Persons: Thomas Peter, Lan Foan, Lan, Liu Kun, Martin Quin Pollard, Wang Shuyan, William Mallard, Christopher Cushing Organizations: Central Business, REUTERS, Rights, Xinhua, Ministry, Finance, Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, Shanxi

☆ This city never slept. Now with China tightening its grip, is the party over?
▼ + stars: | 2023-11-03 | by ( Chris Lau | ) edition.cnn.com time to read: +16 min

China’s message at the time was that even if change was coming to Hong Kong, its spirit of “anything goes” would be staying put. People gather outside a restaurant on a near-empty street in the Soho area of Hong Kong. Officials say they were “fluorescent.”A Hong Kong government spokesman told CNN this week that the activities were “well-received by local residents and tourists”. Under Hong Kong’s pandemic restrictions, live music was all but banned in small venues for more than 650 days. Months before the virus emerged, China had been tightening its grip on Hong Kong in response to pro-democracy protests that had spread throughout the city.

Persons: Hong Kong, Boy George, Grace Jones, Pete Tong, Paul Oakenfold, China’s, Deng Xiaoping, China –, Deng, Deng’s, –, Noemi Cassanelli, Hong, John Lee, “, ”, Gary Ng, Covid, Benson Wong, Wong, Lan Kwai Fong, Cassanelli, Hong Kongers, Kongers, Ng, Yan Wai, ” Yan, hasn’t, Billy H.C, Kwok, Richard Feldman, Feldman, Becky Lam, ” Lam, “ They’ll, ” Feldman, Kwai Fong, Marco Chan, Chan, ” Allan Zeman, Allan Zeman, Lan, CNN “ They’ll, they’ll, Lam, Hong Kong’s Organizations: Hong Kong CNN, East, West, Britain, Occupy Central, National Security, Michelin, CNN, Hong, Tai Hang, National, Hong Kong Wine, HKSAR, Immigration Department, Chinese University of Hong, Soho Association, Netflix, “, Lan Kwai Fong Group, Hong Kong, Shady Locations: China, Hong Kong, Asia, Hong, Soho, Japan, Singapore, Tai, Thailand, Lan Kwai, expats, Britain, Canada, Australia, Natixis, Chinese University of Hong Kong, Lan, revelers, California, Central, Shenzhen, Hong Kong’s Central, Bangkok, Shanghai, Taipei, Petticoat

☆ Southeast Asia internet economy to grow 11% y/y in 2023
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +1 min

An internet LAN cable is pictured in this photo illustration taken in Sydney June 23, 2011. REUTERS/Tim Wimborne/File Photo Acquire Licensing RightsSINGAPORE, Nov 1 (Reuters) - Southeast Asia's internet economy is expected to grow 11% year-on-year in 2023, slowing from last year's 20% growth, an industry report showed on Wednesday. The annual report published jointly by Alphabet (GOOGL.O)'s Google, Singapore state investor Temasek Holdings and global business consultants Bain & Company, also said the region's internet economy is seen worth $295 billion by 2025, down from a previous estimate of $330 billion. "Digital economy sectors are showing positive growth trajectories, with travel and transport on track to exceed pre-pandemic levels by 2024," the companies said in a joint statement. The region of 11 countries and more than half a billion people has a young population, widespread smartphone usage, and a growing middle class, making it one of the world's fastest growing internet markets.

Persons: Tim Wimborne, Chen Lin, Kanupriya Kapoor Organizations: REUTERS, Rights, Google, Temasek Holdings, Bain & Company, Thomson Locations: Sydney, Rights SINGAPORE, Singapore

The National Financial Work Conference, usually held twice a decade, is expected to further fortify leader Xi Jinping’s control of the country’s $61 trillion financial sector. “Overall, the financial sector in China has made progress but at this moment they face challenges,” said Nakao. Last week, Xi reportedly visited the central bank, or People’s Bank of China, a rare step that underscores the party’s consolidation of controls over markets and financial institutions. Country Garden, another major developer, failed last week to meet a deadline to pay interest on a dollar bond. It has adopted measures to support private industries, which provide the lion's share of jobs in China.

Persons: —, Xi Jinping’s, Takehiko Nakao, China’s, ”, Li Keqiang, Li, shakeup, Xi, Lan Fo’an, Evergrande, Hui Ka Yan, Zen Soo Organizations: Financial Work Conference, Asian Development Bank, Central Financial Commission, China Securities Regulatory Commission, People’s Bank of, International Monetary Fund, AP Locations: BANGKOK, Beijing, China's Guangzhou, “, China, People’s Bank of China, Hong Kong, Foshan

☆ Vietnam's real estate woes: how much worse can they get?
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +4 min

HANOI, Oct 26 (Reuters) - A rough year for Vietnam's real estate sector has seen developers miss interest payments on debt, amid a credit crunch spurred by ill-timed government measures, although spillover risk has been limited. Shares of the largest listed developer, Vinhomes (VHM.HM), part of the country's biggest conglomerate, Vingroup (VIC.HM), have fallen 13% this year. In September, the Asian Development Bank warned of potential spillover into banking from irregularities in corporate bonds and real estate markets, although troubled bonds made up just a small portion of total bank credit. While ill-timed government measures, companies' high debt and oversupply are responsible for the sectors' woes in both countries, conditions are different in Vietnam. Vietnam has a less acute situation of oversupply and speculation than China, he added, while real estate's contribution to its economy is also smaller.

Persons: Ho, Van Thinh Phat, Jean Xavier of S, Truong, Truong My Lan, Van Thinh, P's Xavier Jean, Francesco Guarascio @fraguarascio, Phuong Nguyen, Anne Marie Roantree, Clarence Fernandez Organizations: Dragon, Hung Thinh Corp, Moody's, Asian Development Bank, P Global, P, Southeast Asia Bank, Maritime Bank, Asia Commercial Bank, Vietnam Prosperity Bank, VP Bank, Bank, Van Thinh Phat Holdings Group, Thomson Locations: HANOI, Ho Chi Minh City, Vietnam, Phu, Hanoi, Southeast, Asia, Truong My, VIETNAM, CHINA, China

☆ China names Lan Foan as new finance minister amid stimulus push
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Oct 24 (Reuters) - China has appointed Lan Foan, a technocrat with little central government experience, as the new finance minister, state media said on Tuesday, as the government ramps up fiscal stimulus in a bid to revive the economy. Lan, 61, who was named the Communist Party chief at the finance ministry last month, has succeeded Liu Kun who had been finance minister since 2018. Previously, Lan was the party chief of the northern Chinese Shanxi province. He transferred to Shanxi in 2021, as the province's vice party chief, before becoming the party chief in December 2022. Liu, China's finance minister since 2018, has surpassed the official retirement age of 65 for minister-level officials.

Persons: Lan Foan, Liu Kun, Lan, Liu, Kevin Yao, Alison Williams Organizations: Communist Party, Hubei University of Finance, Economics, Thomson Locations: BEIJING, China, Shanxi, Beijing, Guangdong

☆ How to choose the right 5G infrastructure provider for your business
▼ + stars: | 2023-10-24 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +4 min

But finding the right infrastructure provider to support your organization can be tricky. But how can you separate the wheat from the chaff and pick the right infrastructure provider for you? "First and foremost, when selecting your 5G infrastructure provider, evaluate the longevity and reliability of their solutions," Vance Tran, a cofounder of the tech-advisory website Pointer Clicker, said. "For enterprise-centric private 5G deployments, it is essential to choose a provider that has considered the nuances of the enterprise world," Parm Sandhu, the vice president of enterprise 5G products and services at NTT Ltd, said. "That means the private 5G must be an extension of the existing LAN."

Persons: —, Fabio Giust, Giust, Vance Tran, Pointer Clicker, Parm Sandhu, Sandhu, downscaling, Alan Jones, you've Organizations: Service, 3GPP, NIST Secure Software, NIST, NTT Ltd Locations: Ireland

Oct 25 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Upbeat U.S. economic data often fuels Fed rate hike expectations, dragging stocks and other asset markets lower. In Asia on Wednesday, South Korea's LG Display is expected to show a fall in quarterly revenue when it reports results. On the economic data front, annual consumer inflation in Australia is expected to slow to 5.3% in the third quarter from 6.0% in the April-June period. The Australian dollar liked what it heard, bucked the global trend of widespread weakness against the U.S. dollar, and goes into the inflation data on the front foot around $0.6360.

Persons: Jamie McGeever, Michele Bullock, Lan Foan, Xi Jinping, Josie Kao Organizations: Microsoft, Google, South, LG, Apple, Reserve Bank of Australia, U.S ., South Korea LG, Thomson, Reuters Locations: U.S, Asia, Australia, China, Beijing, South Korea

"There's increasing evidence that the cyclical upturn in the global electronics sector is driving a bottoming-out of global trade and China's trade data is the latest sign," said Xu Tianchen, senior economist at the Economist Intelligence Unit. Reuters GraphicsSouth Korean exports to China, a leading indicator of China's imports, fell at their slowest pace in 11 months in September. Semiconductors make up the bulk of their trade, signalling improving appetite among Chinese manufacturers for components to re-export in finished goods. However, Lv Daliang, spokesperson of the General Administration of Customs, said at a press conference on Friday that China's trade still faces a complex and severe external environment. Overall, though, total merchandise imports fell at a slower pace, down 6.3%, reflecting a gradual recovery in domestic demand.

Persons: Smart, David Kirton, Xu Tianchen, it's, Julian Evans, Pritchard, Zou Lan, Premier Li Qiang, Li, Robert Carnell, Kevin Yao, Albee Zhang, Shri Navaratnam, Kim Coghill Organizations: Trade, REUTERS, Economist Intelligence Unit, Reuters Graphics South, Semiconductors, Administration of Customs, ASEAN, Federal Reserve, China Economics, Capital Economics, People's Bank of, Premier, Bloomberg, ING, Thomson Locations: Qianhai, Shenzhen, Guangdong, China, BEIJING, United States, Europe, Stocks, People's Bank of China, Beijing, Asia, Pacific

☆ Gold climbs as markets await U.S. CPI data to gauge Fed's stance
▼ + stars: | 2023-10-12 | by ( ) www.cnbc.com time to read: +2 min

Spot gold rose 0.3% to $1,879.25 per ounce by 0541 GMT, its highest level since Sept. 27. The dollar index and U.S. Treasury yields were rooted near two-week lows, making non-interest-paying gold more attractive. "But one thing for sure is that people would be expecting interest rates will still continue to remain high ... so precious metals price will remain (broadly) subdued." High interest rates raise the opportunity cost of holding non-yielding bullion, which is still down over 9% from near record highs hit in May. Elsewhere, spot silver firmed 0.4% to $22.15 per ounce, platinum advanced 0.8% to $891.84 and palladium gained 0.7% to $1,175.29.

Persons: Brian Lan Organizations: Treasury, GoldSilver, Investors, Wednesday Locations: U.S, Singapore, abate

☆ China appoints Lan Foan as new finance ministry party chief
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: 1 min

The sign of China's Ministry of Finance is pictured in Beijing, China August 23, 2018. REUTERS/Jason Lee/File Photo Acquire Licensing RightsBEIJING, Sept 28 (Reuters) - China's Communist Party has appointed Lan Foan as the new finance ministry party chief, the ministry said in a statement on Thursday. Lan will replace Liu Kun as the party chief of the finance ministry, the statement said. Lan, 61, was previously the party chief of the northern Chinese Shanxi province. Reporting by Albee Zhang and Ella Cao and Beijing newsroom; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Jason Lee, Lan Foan, Lan, Liu Kun, Liu, Albee Zhang, Ella Cao, Himani Sarkar Organizations: China's Ministry of Finance, REUTERS, Rights, China's Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, Shanxi

Those smaller suppliers have only recently recovered from the shocks of the Covid-19 pandemic and the resulting global shortage of semiconductors. Now, they're coming under pressure to increase their own workers' wages — in an environment where higher interest rates have made it more costly to borrow money — and staring down the threat of ongoing auto workers' strikes. Members of the United Auto Workers union picket outside the Michigan Assembly Plant in Wayne, Michigan, on Sept. 26, 2023. Supplier layoffsIn the face of prolonged strikes, some smaller suppliers are already cutting workers or announcing plans to do so. Michael B. Thomas | Getty ImagesAs of Tuesday, two additional Detroit-area auto suppliers had already filed notices of potential layoffs with the state of Michigan.

Persons: Bill Pugliano, Patrick T, Fallon, Dennis Devaney, Devaney, Joe Biden, Matthew Hatcher, MEMA, Biden, Michael B, Thomas, Mary Barra, We've Organizations: United Auto Workers, Getty, Ford Motor, General Motors, U.S . automakers, American Automotive, Council, UAW, Chrysler, Parts Distribution, AFP, GM, Ford, National Labor Relations Board, Equipment Manufacturers Association, White House, Plant, Small Business Administration, LM Manufacturing, Ford Bronco, Manufacturing, Canadian, Magna International, Union, General Motors Wentzville, CIE, Spain's CIE Automotive, Eagle Industries, CNBC, Publicly Locations: Auburn Hills , Michigan, Chrysler Los, Ontario , California, Detroit, Covid, Michigan, Wayne , Michigan, U.S, Wentzville , Missouri

☆ With Meta’s Quest 3, Mixed Reality Is Here. So Now What?
▼ + stars: | 2023-09-27 | by ( Brian X. Chen | More About Brian X. Chen | ) www.nytimes.com time to read: +2 min

In Bam!, I could see other Quest 3 wearers in the room while we controlled miniature robots that battled each other inside a virtual arena. It was a type of social gathering that feels antiquated now that internet speeds are zippy enough for us to play games online from our own homes. Naer is a start-up working on a mixed-reality app for office workers to brainstorm ideas on virtual white boards and sticky notes. “But when you’re using mixed reality, you’re still a very much part of the real world — you’re no longer surprised.”Peeking into the outside world might also make V.R. Tommy Palm, the chief executive of Resolution Games, said that in mixed reality, gamers would probably feel more confident playing games that involved fast movement.

Persons: you’re, ”, Sondre Kvam, ” Peeking, Tommy Palm Organizations: Resolution Locations: Bam, Norway

FRANKFURT, Germany (AP) — Oil prices have risen, meaning drivers are paying more for gasoline and truckers and farmers more for diesel. Here are things to know about the recent increase — and where prices might be going:WHY HAVE OIL PRICES RISEN? “The last thing you want to do is fuel inflation again with much higher oil prices. Diesel prices have risen as well, along with higher oil costs and refineries facing shortages of the specific kinds of crude best for making diesel. HOW DO HIGHER OIL PRICES HELP RUSSIA?

Persons: Jorge Leon, That's, Leon, ” Leon, “, ”, Thu, Nguyen, Commerzbank, Gary Peach, Benjamin Hilgenstock, Joe Biden, Biden, Josh Boak Organizations: —, Saudi, Brent, Rystad Energy, Energy Intelligence, U.S, AAA, Diesel, Kremlin, Kyiv School of Economics, Policy Center, Union, Group, U.S . Energy Information Administration, Associated Locations: FRANKFURT, Germany, Russia, Saudi, OPEC, China, Europe, U.S, Ukraine, Moscow, Brussels, Washington

☆ Gold set for weekly dip with resilient U.S. economy in focus
▼ + stars: | 2023-09-08 | by ( ) www.cnbc.com time to read: +2 min

Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Gold firmed on Friday as the dollar retreated from highs but the bullion was still en route to a weekly fall as traders looked beyond a widely expected pause by the Federal Reserve this month to focus on persistently resilient U.S. data. Spot gold was up 0.3% to $1,924.98 per ounce by 0345 GMT, but set for a 0.7% weekly fall. U.S. gold futures rose 0.3% to $1,949.00. Higher interest rates boost returns on competing safe-haven Treasury bonds, which are set for their first weekly rise in three, making non-interest-bearing gold less attractive.

Persons: Gold, Brian Lan Organizations: Aurum, Federal Reserve, GoldSilver Central, Treasury Locations: Brian Lan of Singapore, U.S

☆ This outperforming fund offers a socially responsibility way to invest in growth
▼ + stars: | 2023-08-30 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

A Calvert fund is giving investors a sustainable way to play this year's technology rebound. The firm's U.S. Large Cap Growth Responsibility Index (CGJAX) is up 27% this year, rallying in near harmony with growth stocks. 'Consistent approach' Fitting of any growth fund, a handful of large tech names are among the biggest holdings as of June 30, per Morningstar. "This fund still offers a broadly diversified option for investors looking for a balance between ESG and growth stocks," Tran wrote when rating the fund at the end of last year. The fund also benefits from having a more data-driven approach to picking stocks, Huang wrote.

Persons: Calvert, Russell, Morningstar, —, Jade Huang, Huang, Lan Anh Tran, Tran Organizations: Apple, Microsoft, Nvidia, Facebook, Tesla, Nasdaq, Morningstar, Russell, Federal Reserve Locations: Calvert

☆ Lan Kwai Fong Group chairman discusses Fukushima wastewater release
▼ + stars: | 2023-08-25 | 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 EmailFukushima wastewater release is irresponsible of the Japanese government: Hong Kong business magnateAllan Zeman, chairman of Lan Kwai Fong Group, says "the most important thing is that we do get the confidence of the people that the testing is fair, is done properly."

Persons: Allan Zeman, Lan Organizations: Lan Kwai Fong Group Locations: Hong Kong

☆ Typhoon Lan Knocks Out Power for Thousands in Western Japan
▼ + stars: | 2023-08-15 | by ( Hikari Hida | More About Hikari Hida | ) www.nytimes.com time to read: +1 min

Typhoon Lan pummeled western Japan on Tuesday, prompting local officials to issue evacuation warnings, knocking out power to thousands of homes, canceling hundreds of flights and disrupting summer traditions like a nationwide baseball tournament. Moving in from the Pacific Ocean, the tropical storm had maximum sustained winds of 67 miles per hour, with gusts of 89 m.p.h. All commercial flights out of Kansai airport had been suspended for the day, with more than 800 canceled nationwide. Train and bus services in the region had also been suspended. Tornado warnings were issued for central Shizuoka Prefecture just before noon by the Japan Meteorological Agency, which warned of thunderstorms, wind gusts, and hail.

Persons: Lan Organizations: Japan Meteorological Agency Locations: Japan, Shionomisaki, Wakayama Prefecture, Akashi, Hyogo Prefecture, Kansai, Shizuoka Prefecture

Tokyo, Japan CNN —Evacuation warnings have been issued to more than 237,000 people across 11 prefectures in Japan as Typhoon Lan hit the west of the country on Tuesday, according to Japan’s Fire and Disaster Management Agency. At least 26 people have been injured in five prefectures across western Japan, according to Japan’s public broadcaster NHK, citing police and fire officials. In two towns in Tottori and Okayama prefectures, rainfall over a few hours on Tuesday exceeded the average for the entire month of August. A swollen river as Typhoon Lan makes landfall in Shingu City, Wakayama Prefecture on Tuesday. Typhoon Lan follows Typhoon Khanun, which lashed southwestern Japan with wind and rain earlier this month.

Persons: Typhoon Lan, Lan, Takumi Harada, Koji Ito, Khanun Organizations: Japan CNN, Disaster Management Agency, NHK, Japan Meteorological Agency, Yomiuri Shimbun, Japan’s Ministry of Land, Infrastructure, Tourism, CNN, Japan Airlines, All Nippon Airlines, ANA Locations: Tokyo, Japan, Shionomisaki, Japan’s Wakayama, Tottori, Okayama, Shingu City, Wakayama Prefecture, Nagoya City, Aichi Prefecture, Kansai, Chubu, Nagoya

☆ Central Japan braces for Typhoon Lan arrival with air, rail cancellations
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +2 min

Heavy rain during Typhoon Lan as it passes over Chichijima Island in Ogasawara, Tokyo Prefecture, Japan August 11, 2023 in this screen grab obtained from a social media video. Instagram@Ghost_Ryohei/via REUTERS/File photoTOKYO, Aug 14 (Reuters) - Japan braced for Typhoon Lan to make landfall, with airlines and railways cancelling services in central areas of the country's main island, where it is expected to strike on Tuesday. Japan Airlines (9201.T) and ANA Holdings (9202.T) cancelled many flights in the path of the storm. West Japan Railway (9021.T) announced the suspensions of Tokaido Shinkansen bullet train routes between Nagoya and Osaka all day on Tuesday, as well as the Sanyo Shinkansen between Osaka and Okayama. Typhoon Lan threatens to disrupt one of Japan's busiest travel seasons during the Obon summer holiday, when many people take vacations and return to their hometowns.

Persons: Lan, Khanun, Typhoon Lan, Rocky Swift, Gerry Doyle Organizations: Japan Meteorological Agency, JMA, Japan Airlines, ANA Holdings, West Japan Railway, Sanyo, Universal Studios Japan, Thomson Locations: Chichijima, Ogasawara , Tokyo Prefecture, Japan, TOKYO, Wakayama prefecture, Osaka, Kyoto, Nagoya, Okayama, South Korea, China, Russian, Typhoon

☆ Typhoon Lan makes landfall in western Japan, threatens damage
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +1 min

Approaching from the Pacific Ocean, Typhoon Lan made landfall at the southern tip of Wakayama prefecture, some 400 km (250 miles) southwest of Tokyo. The typhoon, which followed closely on the heels of Typhoon Khanun during Japan's peak Obon holiday season, lashed wide swathes of central and western Japan with heavy rains and powerful winds. Anticipating the dangerous levels of winds and rains a day earlier, high-speed train operators had also planned suspensions of services affecting the area. Typhoon Lan had sustained winds of 150 kph (93 mph) and was moving northwest across the western part of the main island of Honshu as of 0000 GMT. It was forecast to reach the Sea of Japan by early Wednesday and continue north along the sea, according to Japan's weather agency.

Persons: Typhoon Lan, Khanun, Chang, Kim, Shri Navaratnam Organizations: Toyota Motor Corp, NHK, Toyota Motor, Thomson Locations: Japan, Wakayama prefecture, Tokyo, Mie, Osaka, Tokai, Typhoon, Honshu

☆ How Amazon is racing to catch Microsoft and Google in generative A.I. with custom AWS chips
▼ + stars: | 2023-08-12 | by ( Katie Tarasov | ) www.cnbc.com time to read: +5 min

In this article METAGOOGLMSFTAMZN Follow your favorite stocks CREATE FREE ACCOUNTChips as 'true differentiation'In the long run, Dekate said, Amazon's custom silicon could give it an edge in generative AI. Microsoft has yet to announce the Athena AI chip it's been working on, reportedly in partnership with AMD. So you train the machine learning models and then you run inference against those trained models," Wood said. Amazon's custom chips, from left to right, Inferentia, Trainium and Graviton are shown at Amazon's Seattle headquarters on July 13, 2023. An Amazon employee works on custom AI chips, in a jacket branded with AWS' chip Inferentia, at the AWS chip lab in Austin, Texas, on July 25, 2023.

Persons: Dekate, It's, Nitro, Stacy Rasgon, Matt Wood, Wood, Trainium, Nvidia H100s, Rasgon, Joseph Huerta, they're, Mai, Lan Tomsen Bukovec, Gartner, Swami Sivasubramanian, Sivasubramanian, Katie Tarasov Organizations: Microsoft, AWS, Amazon, CNBC, AMD, Intel, Bernstein Research, Google, Unit, Nvidia, Seattle, AI21 Labs Locations: Austin , Texas

☆ Is it time to worry about stagflation?
▼ + stars: | 2023-08-10 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +8 min

CNN —For the past two years, economists have been worrying about the risks of high inflation rates. But far less attention has been given to inflation’s sibling: stagflation. Stagflation is the combination of high inflation and a slowing economy. The current state of stagflation: Last year, then-World Bank President David Malpass warned that stagflation risks were high because of supply chain disruptions stemming from lockdowns in China and bans on Russian oil. What’s happening now: The risk of stagflation varies significantly across different regions of the globe.

Persons: Stagflation, David Malpass, Janet Yellen, ”, Lan Ha, stagflation, Andrew Kenningham, “, That’s, ” Kenningham, ” Ha, Ha, Parija Kavilanz, don’t, Dallin Hatch, Biden, Joe Biden, Trump, Matt Egan, It’s Organizations: CNN Business, Bell, CNN, Federal, World Bank, Euromonitor, Capital Economics, Bank of England’s, National Institute of Economic, Social Research, Trump Locations: Israel, lockdowns, China, Europe, Germany, Ukraine, Saudi Arabia

☆ Typhoon Khanun makes landfall in South Korea after lashing Japan
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +2 min

TOKYO/SEOUL, Aug 10 (Reuters) - Typhoon Khanun made landfall on the southeast coast of South Korea on Thursday after dumping heavy rain across southern Japan over the past week. Warnings have been issued across South Korea, with more than 330 flights cancelled and more than 10,000 people moved to safety. In South Korea, outdoor activities have been halted for participants of the World Scout Jamboree. South Korea is still recovering from intense monsoon rain last month, when more than 40 people were killed in floods and landslides, including 14 in a flooded tunnel. Typhoon Khanun brought heavy rain in southern regions of Japan as it continues to head towards South Korea where it could make landfall on ThursdayReporting by Elaine Lies and Hyunsu Yim; Editing by Lincoln Feast, Ed DaviesOur Standards: The Thomson Reuters Trust Principles.

Persons: Khanun, Lan, Elaine Lies, Hyunsu Yim, Lincoln, Ed Davies Organizations: Japan Meteorological Agency, Thomson Locations: TOKYO, SEOUL, South Korea, Japan, Gyeongsang Province, Jeju, Kyushu, Tokyo, North Korea, Pyongyang

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