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☆ Zhuhai airshow: Stealth fighters and a massive mothership drone: the high-tech weapons China has unveiled
▼ + stars: | 2024-11-19 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

J35-A stealth fighterMore than a decade in the making, China’s much-anticipated new stealth fighter jet, the J-35A, is widely seen as part of Beijing’s bid to match the United States’ stealth fighter capabilities. The HQ-19 surface-to-air missile system is among the most anticipated new weapons displayed at the airshow in Zhuhai, China. The Chinese military's new unmanned aerial vehicle, "Jetank," is displayed at the Zhuhai airshow on Nov. 12, 2024. It comes with folding tailfins, a design that allows for more compact stowage to fit the country’s stealth fighter jets. A Russian Sukhoi Su-57 fifth-generation fighter aircraft flies during the airshow in Zhuhai, China on November 14, 2024.

Persons: –, Xinzhi, ”, Wei Dongxu, Du Wenlong, Zhuhai . Long Wei, Zou Wei, Russian Sukhoi Su, Hector Retamal, Sergei Shoigu Organizations: Hong Kong CNN, PLA Air Force, CCTV, US, Air Defense, US Defense, PLA, PLA Academy of Military Sciences, Kyodo, Future Publishing, China Military, China Military Online, Aviation Industry Corporation of China, Air Missile, International Institute for Strategic Studies, AIM, Getty, Tass Locations: Hong Kong, China, Zhuhai, United States, Beijing, Asia, Ukraine, Taiwan, States, Zhuhai . Long, Air Missile China, Russian Sukhoi, AFP, Russia, Russian

☆ Car crashes into people outside primary school in central China: state media
▼ + stars: | 2024-11-19 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Multiple students were injured after a car crashed into people outside a primary school in central China on Tuesday morning, state news agency Xinhua reported. In a brief report, state broadcaster CCTV said “specific casualties were being investigated.”Video circulating on social media and geolocated by CNN showed dozens of panicked school children screaming and running into the schoolyard, with a man’s voice heard yelling “quickly, quickly,” in the background. Images circulating online of the incident were quickly wiped from social media platforms. Days later, eight people were killed and 17 others injured in a stabbing attack on a college campus in eastern China. In October, police arrested a 50-year-old man after a stabbing attack near an elementary school in Beijing injured five people, including three children.

Persons: It’s, “, – Organizations: Hong Kong CNN —, Xinhua, CNN, Police Locations: Hong Kong, China, Hunan province’s Changde, Zhuhai, Beijing, Shanghai, Tai’an, Shandong province

☆ CNBC Daily Open: Tesla helps the Nasdaq snap its losing streak
▼ + stars: | 2024-11-19 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Individual stocks sway indexesOn Monday, the S&P 500 rose 0.4% and the Nadaq Composite added 0.6%, mostly spurred higher by Tesla . Shares of Goldman Sachs and Salesforce fell, causing the Dow Jones Industrial Average to drop 0.1%. Autonomous vehicles on the agendaTesla shares jumped 5.6% after it was reported that President-elect Donald Trump's incoming administration plans to draw up a federal framework that will regulate self-driving vehicles.

Persons: Goldman Sachs, Salesforce, Donald, Howard Marks, Goldman Organizations: CNBC, Tesla, Dow Jones, China's CSI, Nasdaq, BDO, Vice, JPMorgan, UBS Locations: Asia, Pacific, Hong Kong, China China, China

☆ HKEX CEO sees IPO pipeline 'looking really good' for Hong Kong after China signals support
▼ + stars: | 2024-11-19 | 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 EmailHKEX CEO sees IPO pipeline 'looking really good' for Hong Kong after China signals supportBonnie Chan, CEO of Hong Kong Exchange and Clearing, says that there is increasing interest to list in Hong Kong after China's securities regulator said in April that it will support the listing of leading mainland companies in Hong Kong.

Persons: Bonnie Chan Organizations: Hong, Hong Kong Exchange Locations: Hong Kong, China

☆ Video: CNN reporter explains what mass sentencing in Hong Kong means
▼ + stars: | 2024-11-19 | by ( Adefela Olowoselu | ) edition.cnn.com time to read: 1 min

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KYIV, Ukraine — The Ukrainian capital was blanketed by darkness Monday, even as residents were bolstered by a sense that their American allies had — finally — seen the light. "It is excellent news for us and a significant move," Kyiv resident Maryna Vlasenko, 39, told NBC News. She also bemoaned the lengthy process and the continued limits on Ukraine's use of the long-range weapons, however. A charred vehicle sits outside a residential building in Sumy, Ukraine, after a Russian missile strike Sunday. “Ukrainians don’t have the luxury of waiting while Russia continues killing civilians in Mykolaiv, Sumy, and pushing on the eastern front,” he added.

Persons: —, Joe Biden, Donald Trump, Maryna Vlasenko, ” Vlasenko, ”, Kyiv's, Kim Jong, Alfons Cabrera, Volodymyr Zelenskyy, Vlasenko, Dmitry Peskov, Biden, ” Trump’s, Mike Waltz, “, John Hamilton, Michael Bociurkiw, “ They’re, ” Frank Ledwidge, Ledwidge, “ It's, Vladyslav Faraponov, Donald Trump’s, Faraponov, don’t, Daryna Mayer Organizations: Kremlin, NBC, Ukrainian Emergency, Getty, Army Tactical Missile Systems, White, Rossiyskaya Gazeta, Fox &, U.S . Army, Army Tactical Missile, Council’s Eurasia, England’s University of Portsmouth, Institute of American Studies Locations: KYIV, Ukraine, Russia, Russian, Odesa, Kursk, U.S, Moscow, Ukrainian, Sumy, Kyiv, Washington, Florida, AFP, “, British, Mykolaiv, Hong Kong

During a landmark visit to the Amazon rainforest on Sunday, President Joe Biden highlighted his climate legacy, declaring that no one can reverse America’s green transition as President-elect Donald Trump’s fossil-friendly policies loom large. Biden is the first sitting U.S. president to visit the world’s largest tropical rainforest, which plays a vital role in removing carbon dioxide from the atmosphere but is under growing threat from climate change. Speaking afterward at the Museum of the Amazon in Manaus, Brazil, Biden said the fight against climate change had been a “defining cause” of his presidency. Biden began his term by bringing the U.S. back into the Paris Agreement, an international treaty on climate change that his predecessor, Trump, had withdrawn from. Trump, a climate change skeptic, has said he will withdraw from the agreement again as well as loosen restrictions on oil and gas exploration.

Persons: Joe Biden, Donald Trump’s, Biden, Trump, ” Biden, “, ” Organizations: Museum of, Trump, U.S Locations: Manaus, Brazil, United States, Paris

☆ UK's Starmer calls for 'consistent, durable' ties with China in Xi meeting
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +2 min

RIO DE JANEIRO, BRAZIL - NOVEMBER 18: UK Prime Minister Sir Keir Starmer during a bilateral meeting with President Xi Jinping of China, at the Sheraton Hotel, as he attends the G20 summit in on November 18, 2024 in Rio de Janeiro, Brazil. Keir Starmer is attending his first G20 Summit since he was elected Prime Minister of the UK. He is expected to hold talks with President Xi Jinping of China, the first time a UK PM has done so for six years. (Photo by Stefan Rousseau - WPA Pool/Getty Images)British Prime Minister Keir Starmer called on Chinese President Xi Jinping on Monday to establish "consistent, durable" relations between their two nations, pressing on with efforts to thaw ties between London and Beijing at a G20 summit. "We want our relations to be consistent, durable, respectful as we have agreed, avoid surprises where possible, and strengthened dialogue should provide stronger understanding," Starmer told Xi at the start of their meeting.

Persons: Sir Keir Starmer, Xi Jinping, Keir Starmer, Stefan Rousseau, Starmer, Xi, Rachel Reeves, Lifeng, Xi's Organizations: RIO DE, Sheraton, British, Xinhua News Agency, Conservative Locations: RIO DE JANEIRO, BRAZIL, China, Rio de Janeiro, Brazil, London, Beijing, Britain, Hong Kong

☆ Michelle Yeoh said not being able to have kids has been the 'biggest sadness' of her life
▼ + stars: | 2024-11-18 | by ( Erin Liam | ) www.businessinsider.com time to read: +4 min

AdvertisementIn 1988, Michelle Yeoh left acting to focus on marriage and starting a family. While Michelle Yeoh's "biggest sadness" in life is not being able to have kids, the actor has no regrets. In an interview with The Times published on Sunday, Yeoh, 62, opened up about her first marriage to Dickson Poon, a Hong Kong entrepreneur and CEO. Advertisement"Maybe that is the biggest sadness in my life, that I cannot have kids," she told The Times. Still, Yeoh knew that Poon wanted kids.

Persons: Michelle Yeoh, Dickson Poon, Michelle Yeoh's, Yeoh, I'd, " Yeoh, Poon, Jean Todt, Nicolas, Darina, Maxime ❤️ 💖✨ Organizations: Times, Ferrari Locations: Hong Kong

☆ I made it to managing director after 17 years in banking, then I quit. I didn't want to work myself into the ground well into my 60s.
▼ + stars: | 2024-11-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Sim left banking in 2017 and is now a published author, professional speaker, and career coach. This as-told-to essay is based on a conversation with Eric Sim, 54, a former banker turned professional speaker and executive coach. When I picked banking as a career, I had very little idea of what the job would actually involve. I can play the game, but I don't enjoy the gameSim left UBS in 2017 and is now a professional speaker and executive coach. Through my work as a speaker and lecturer, I have been able to share my know-how in banking and career planning with more people.

Persons: Eric Sim, Sim, I'd, Goldman Sachs, Morgan Stanley —, I've, I'm Organizations: DBS Bank, DBS, Lancaster University, Standard Chartered, Citibank, UBS, Banking Locations: Singapore, London, Shanghai, Hong Kong, secondments, China, Asia

☆ Hong Kong 47: Democracy leaders sentenced to lengthy jail terms in largest national security trial as Beijing tightens grip
▼ + stars: | 2024-11-18 | by ( Chris Lau | Nectar Gan | ) edition.cnn.com time to read: +8 min

Benny Tai, a prominent legal scholar and veteran protest leader, received the longest prison term of 10 years – the toughest sentence to date handed down under the national security law. But since the national security law came into effect in 2020, Hong Kong’s political and legal landscape has been transformed. The administration of outgoing US President Joe Biden was also critical of Bejing’s crackdown in Hong Kong, even as it tried to recalibrate ties with Beijing. John Burns, emeritus professor at the University of Hong Kong, said the cumulative changes have reduced the city’s autonomy and citizens’ participation in politics. “The new regime has restricted human rights in Hong Kong, rights that Hong Kongers used to enjoy.

Persons: Hong Kong’s, Joshua Wong, “, –, Benny Tai, Wong, Gwyneth Ho, Leung Kwok, Claudia Mo, teared, ” –, Chris Lau, Lee Yue, ”, Hong, Donald Trump’s, Joe Biden, Trump, Raphael Wong Ho, John Burns, Hong Kongers, Hong Kong, John Lee –, ” Lee Organizations: Hong Kong CNN, Hong, CNN Landmark, Police, Washington, Beijing, CNN, Legislative Council, University of Hong, Authorities, Communist Party Locations: Hong Kong, Kowloon, Beijing, British, China, University of Hong Kong, Hong

☆ Weak shipbuilding could be the US Navy's Achilles' heel in a war with China
▼ + stars: | 2024-11-17 | by ( Chris Panella | ) www.businessinsider.com time to read: +14 min

The US Navy faces critical shipbuilding problems that could hobble it in a war with China. China's commercial and military shipbuilding capacity overshadows the rest of the world. China has pursued shipbuilding dominance over the past few years, building a massive naval fleet. Long-term investments and solutions are needed to fix the US Navy's shipbuilding problems. US Navy photo by Mass Communication Specialist Seaman Erwinjacob Miciano/ReleasedThe US Navy's shipbuilding woes aren't new, and there simply isn't a quick fix.

Persons: Shelby Oakley, Oakley, Paula Zorensky, Gerald R, Petty, Alex Smedegard, Bryan Clark, who's, Mackenzie Eaglen, Seaman Wesley J, Bryan McGrath, Matthew Funaiole, McGrath, Seaman Erwinjacob Miciano, Lisa Franchetti, Franchetti, John Harris, Campbell Organizations: US Navy, US, Getty Images China, Newport News Daily Press, TNS, Navy, Huntington Ingalls Industries, General Dynamics, Marinette Marine Corporation, of, Pentagon, USS Enterprise, Getty Images Navy, Shipbuilders, GAO, Shelby, Norfolk Naval Shipyard Shipbuilders, Shipbuilders Council of America, Ford, Columbia, Hudson Institute, American Enterprise Institute, Communication, Jiangnan Shipyard, Shipyards, China State Shipbuilding Corporation, China Power, Center for Strategic, International Studies, People's Liberation Army, of Naval Intelligence, Technological, Department of Defense, Pacific . US Locations: China, US Navy, Virginia, Columbia, Shelby West, Jiangnan, Dalian, Huangpu Wenchong, Hong Kong, Hudong, Shanghai, Beijing, Taiwan, Pacific, Japan, South Korea

☆ USS Edsall: Wreck of US Navy’s heroic ‘dancing mouse’ WWII warship found off Australia
▼ + stars: | 2024-11-17 | by ( Brad Lendon | ) edition.cnn.com time to read: +5 min

Known as the “dancing mouse” due to its slippery movements in that final, fatal fight with the Imperial Japanese Navy, the destroyer USS Edsall went down off the coast of Australia in 1942, under the command of Lt. Joshua Nix. Speaking alongside Kennedy, Australia’s chief of navy, Vice Adm. Mark Hammond, said the wreck was found with the help of advanced hydrographic survey capabilities aboard naval support ship MV Stoker. “Nix’s position was hopeless from the moment Edsall was sighted,” Cox wrote. At least one hit Edsall, and the ship began to lose its ability to maneuver. The discovery highlighted the current AUKUS partnership, between the US, Australia and the United Kingdom, she said.

Persons: Edsall, Joshua Nix, “ Joshua Nix, Australia Caroline Kennedy, Kennedy, Australia’s, Mark Hammond, Stoker, Hammond, Chuichi Nagumo, ”, Samuel Cox, EDSALL, – Edsall, ” Cox, Nix, Cox, “, ‘ Don’t, Don’t, Lisa Franchetti, Trent Hone, Edsall’s, Franchetti, ” Franchetti Organizations: Hong Kong CNN, US Navy, Pacific, Imperial Japanese Navy, Heritage Command, U.S . Navy, U.S . Army Air Force, US Locations: Hong Kong, Australia, Christmas, –, Japan, Sulawesi, Indonesia, United Kingdom

☆ Morgan Stanley picks China stocks to ride out a worst-case scenario in U.S. tensions
▼ + stars: | 2024-11-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

For investment options, she referred to the firm's survey of China stocks the investment bank's analysts already cover. Morgan Stanley's basket of bear case stocks only includes overweight-rated names with a dividend yield above 4% this year. The companies must not be on Morgan Stanley's lists of stocks at a disadvantage from Republican policy and supply chain diversification. Morgan Stanley expects Tingyi's earnings per share to grow 12% this year and 11% in 2025. Sinotruk earnings can grow 18% this year and 17% next year, according to Morgan Stanley estimates.

Persons: Morgan Stanley, Laura Wang, Morgan Stanley's, Morgan Stanley's Wang, Morningstar, Claire Liang, Liang, Donald Trump, Trump Organizations: Kong, PepsiCo, Services, Cosco Shipping Energy Transportation, China, CNBC, Republican Party, U.S . Congress Locations: China, Hong Kong, Asia, Europe, Mexico

I’m tripping over their bodies,” said Sydney Seiler, the U.S. national intelligence officer for North Korea from 2020 to 2023. “Kim Jong Un is selling North Korean soldiers as cannon fodder mercenaries,” South Korean Defense Minister Kim Yong-hyun said last month. It’s an entirely new environment for the North Korean soldiers, who live in one of the most isolated and repressive countries in the world. The Russian military is teaching the North Korean soldiers about 100 key military terms, but “North Koreans are having a difficult time learning Russian,” South Korean lawmakers Lee Sung-kwon and Park Sun-won said last month. North Korean soldiers’ inexperience could be another point of friction and a major factor in how they are deployed.

Persons: Kim Jong Un, Vladimir Putin, Putin, ”, Sydney Seiler, Seiler, Gavriil, Joe Biden, Yoon Suk Yeol, Shigeru Ishiba, Kim, “ Kim Jong, Kim Yong, hyun, John Hardie, Lee Sung, Bruce Bennett, ” Hardie, Bennett, ” Bennett, Edward Howell, “, ” Howell, Stella Kim Organizations: Ukraine, North, NBC News, U.S, The State Department, Korea’s National Intelligence Service, NBC, Center for Strategic, International Studies, Getty Images, Economic Cooperation, South Korean Defense, Pentagon, Politico, South Korea’s National Intelligence Service, North Korean, South Korean National Intelligence Service, AFP, Getty, Korean, Battalion, Russian Ministry of Defense, Foundation for Defense of Democracies, South, Sun, Rand Corp . Communication, Chatham House Locations: SEOUL, South Korea, Ukraine, Moscow, Russia, U.S, North Korea, Russian, Kursk, Korean, Korea, Washington, Pyongyang, Getty Images North Korea, South, Asia, Lima , Peru, The U.S, California, Ukrainian, London, Seoul, Hong Kong

☆ China willing to be partners, friends with US, Chinese envoy says
▼ + stars: | 2024-11-16 | by ( ) www.cnbc.com time to read: +2 min

The national flags of the United States and China flutter at the Fairmont Peace Hotel on April 25, 2024 in Shanghai, China. China is willing to be partners and friends with the United States, China's ambassador to Washington said, seeking to strengthen dialogue between the world's two largest economies. China has no plan to surpass or replace the United States, Xie Feng said in a speech in Hong Kong on Friday, addressing Chinese officials and the U.S. ambassador to China. Chinese President Xi Jinping called on Friday for rejecting unilateralism and protectionism in favour of economic globalisation. However, some analysts say China's pitch as a counterbalance to a Trump-led United States has lost its shine compared to 2016, when Trump was first elected.

Persons: Xie Feng, Donald Trump's, Trump, Xi Jinping, Xie Locations: United States, China, Fairmont, Shanghai, Washington, Hong Kong, U.S, Beijing, Europe, Asia, Trump, Taiwan, Taipei

☆ Hong Kong protest bomb plot mastermind is jailed for nearly 24 years
▼ + stars: | 2024-11-15 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

HONG KONG — Hong Kong’s high court on Thursday sentenced a man to 23 years and 10 months in prison for being the mastermind of an alleged plot to attack police with explosives during the city’s pro-democracy and anti-China protests in 2019. Another defendant, Wong Chun-keung, the leader of a group known as the “Dragon Slayers” that was active during the 2019 protests, was sentenced to 13 years and six months imprisonment. The long jail terms come amid a protracted national security clampdown by China in the global financial hub, and is the first time the U.N. anti-terrorism ordinance has been used in Hong Kong since 2002. He was convicted of an alternative charge of conspiring to cause explosions that were likely to endanger life or cause significant property damage. The ruling came less than a week before 45 of Hong Kong’s leading democrats face sentencing in a separate national security case for an alleged subversive plot from 2020.

Persons: Ng Chi, Wong Chun, Judianna Barnes, Steve Li, ”, Lai Chun, Hong Kong’s Organizations: United Nations Anti, Hong Kong Locations: HONG KONG, China, Hong Kong

☆ Taiwan is fast becoming a hub for outdoor adventure and wellness seekers
▼ + stars: | 2024-11-15 | by ( Joe Yogerst | ) edition.cnn.com time to read: +11 min

But rather than one of the more obvious outdoor wellness and adventure hubs, it’s actually Taiwan. “Several factors have contributed to the rapid growth of outdoor sports in Taiwan,” says Kate Chen of the Taiwan Tourism Administration. “There was a huge spike in young adults wanting to go hiking or cycling.”But it’s not just locals discovering the island’s outdoor opportunities. Floating in the South China Sea between Taiwan, Hong Kong and the Philippines, Dongsha Marine National Park offers an entirely different take on outdoor adventure. They also provide a venue for more than 100 nature trails that are part of a national trails network created in 2002.

Persons: CNN —, Topping, ”, Kate Chen of, Michael McCreesh, it’s, Krathon, Chen, Thao, Zhong, Nick Kembel, Taiwan's, “, There’s, Xiao Baiyue Organizations: CNN, Taiwan Tourism Administration, Taiwan, Wellness, Scenic Area, Recreation, Villa, Taiwan Music, Dongsha, Park, MTB, Taiwan Surf Travel, Amis Locations: Chile , New Zealand, California, it’s, Taiwan, Belgium, Massachusetts, Taroko, Te, lakeview, Taipei, Wulai, Neidong, Beitou, Kenting, Fuji, Canadian, South China, Hong Kong, Philippines, “, County, Hualien City

“I was completely stunned when he mentioned violence so bluntly,” said the 32-year-old, who was born and raised in China. In Britain, “Cafe Scientifique,” a laid-back science debate forum, kicked off in 1998 and “Pint of Science,” a three-day science festival, launched in May 2013. Unlike Western universities, which generally welcome the public, most Chinese campuses remain fenced off, keeping their academic resources exclusive to students, faculty and authorized personnel. Nationalist voices online have also grown into a powerful unofficial force policing speech across Chinese social media. Liang, who deemed the state-building talk “bold,” said he loves these academic pub sessions but suspects they will eventually face restriction.

Persons: Hong Kong CNN —, Liang Xiao, urbanites, Liang, ”, …, Lei Ya, Cinnamon Wu, Wu, Jerry Zhang, “ It’s, ” Wu, Zhang, Jerry Zhang Elephant, China’s, They’ve, Lei, Kang Siqin, Kang, ” Kang Organizations: Hong Kong CNN, American, Guangzhou –, Harvard University, CNN, ” University, Communist Party, Chinese University of Hong Locations: Hong Kong, Shanghai, China, “, China’s, Beijing, Guangzhou, West, Britain, ”, Chinese University of Hong Kong, Shenzhen

☆ Disney is turning record parks profits — even before its big expansions
▼ + stars: | 2024-11-15 | by ( Sarah Whitten | ) www.cnbc.com time to read: +8 min

Gary Hershorn | Corbis News | Getty ImagesAll is well in the Magic Kingdom. Experiences, which includes parks, resorts, cruises and consumer products, was the second-highest revenue driver behind Disney's entertainment division, which tallied $41.18 billion in fiscal 2024. "It's small things adding up to big things," said David Lightbody, senior vice president of Disney Live Entertainment. Limited time holiday merchandise available at Disney parks. A stunning firework show is held at the Magic Kingdom Park in Walt Disney World Resort on July 1, 2021 in Lake Buena Vista, Florida.

Persons: Gary Hershorn, King Thanos, it'll, Gavin Doyle, Doyle, Mouse, Helene, Milton, David Lightbody, Lightbody, Lindsay Brookshier, Disney hasn't, Liao Pan Organizations: Magic, Walt Disney World, Corbis, Getty, Magic Kingdom, Disney, Big, Marvel, Epcot, Guardians, Falcon, Disney Live Entertainment, Walt Disney, Disneyland's, Pixar Fest, Medianews, Orange, China News Service Locations: Orlando , Florida, Magic, Florida, California, Hong Kong, Anaheim, Walt, Lake Buena Vista , Florida

☆ Dollar eyes weekly gain on slower Fed easing, inflation outlook
▼ + stars: | 2024-11-15 | by ( ) www.cnbc.com time to read: +4 min

The euro was in turn on track for its worst weekly performance in seven months with a fall of 1.75%. Sterling traded 0.02% lower at $1.2666 and was similarly set to lose 2% for the week, its worst weekly fall since January 2023. Higher trade tariffs and tighter immigration under President-elect Trump's incoming administration are projected to fuel inflation, potentially slowing the Fed's easing cycle longer term. The yen was last 0.2% lower at 156.57 per dollar, on track for a weekly decline of 2.5%. Elsewhere, the Australian dollar eased 0.06% to $0.6450 and was set to lose just over 2% for the week, its worst weekly performance in four months.

Persons: Donald Trump's, Sterling, Jerome Powell, Carol Kong, CBA's, bitcoin, Joshua Chu Organizations: Traders, Commonwealth Bank of Australia, U.S ., Treasury, New Zealand, Hong Kong Web3 Association Locations: U.S, CBA's Kong

☆ The top 10 family offices for startup investments
▼ + stars: | 2024-11-15 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

The top 10 family offices for startup investments made over 150 investments combined this year, in everything from biotech and energy to crypto and artificial intelligence, according to a new analysis. CNBC partnered with Fintrx, the private wealth intelligence platform, to analyze single family offices that made the largest number of investments in private startups in 2024. The most active family office so far this year is Maelstrom, the Hong Kong-based family office of American investor Arthur Hayes, who co-founded the crypto exchange BitMEX. For the sake of the list, family offices are defined as investment vehicles or holding companies of a single family or individual that don't manage money for outside investors. Nearly a third of startup capital in 2022 came from family offices, according to a PWC report.

Persons: Guillaume Houze, Pascal Le Segretain, Robert Frank, Bernard Arnault's, Laurene Powell Jobs, Peter Thiel's Thiel, Arthur Hayes, Guillaume Houzé, Motier, Andreesen Horowitz, Eric Schmidt, Magnus Carlsen, Fertility Organizations: Royal, Getty, CNBC, Fintrx, Ventures, Labs, Motier Ventures, Google, Flex, Mistral, Nvidia, Lightspeed, Atinum Investment, Emerson Collective . Thiel Capital Locations: Paris, France, Hong Kong, Lafayette, Seoul, Korea, Singapore

☆ China's 6 trillion yuan aid to property market is helpful to 'a certain extent': Economist
▼ + stars: | 2024-11-15 | 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 EmailChina's 6 trillion yuan aid to property market is helpful to 'a certain extent': EconomistHao Hong of GROW Investment Group says China's total local government debt is likely much higher than official figures. He says investors who are attracted to Chinese high-yield dollar bonds are betting on 'very substantial' policy measures by the government.

Persons: Hao Hong

☆ Urban areas are getting hotter. A startup from one of the world’s hottest cities wants to help
▼ + stars: | 2024-11-15 | by ( Amy Gunia | ) edition.cnn.com time to read: +7 min

The urban heat island effect means that city temperatures can be several degrees higher than nearby rural regions. But detailed information about urban temperatures is scarce. Today, his company FortyGuard is focused on leveraging data and artificial intelligence (AI) technology to provide a detailed view of urban temperature dynamics. Ren said what’s most important about urban heat information is how it will be used. “The question is really, who will be the end user of your data, and who will put such urban heat information into their practices?” she says.

Persons: Jay Sadiq, Sadiq couldn’t, Smith, ”, James Voogt, Chao Ren, Sadiq, ” Sadiq, Brandon Bell, Zillow, Ren Organizations: CNN, University of Western, University of Hong, United Arab, Google Locations: Chicago, Los Angeles, Abu Dhabi, Lafayette Reservoir , California, University of Western Ontario, Hong Kong, University of Hong Kong, San Jose , California, Phoenix , Arizona, Masdar City, United Arab Emirates

☆ HKMA: Optimistic about Hong Kong based on US rate cuts and mainland stimulus
▼ + stars: | 2024-11-15 | 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 EmailHKMA: Optimistic about Hong Kong based on US rate cuts and mainland stimulusEddie Yue, Chief Executive of HKMA, says several factors help boost his outlook on consumer and business activity in Hong Kong – but says the city still needs to be more resilient in the face of potential global shockwaves.

Persons: Eddie Yue Organizations: Hong, HKMA Locations: Hong Kong

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