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☆ Southwest passenger's video shows plane's engine spitting out flames mid-flight
▼ + stars: | 2023-08-18 | by ( Sawdah Bhaimiya | Rebecca Cohen | ) www.businessinsider.com time to read: +3 min

A Southwest Airlines plane left a trail of flames in the sky after taking off from Houston, Texas. One passenger said he could see "fireballs shooting out" of the engine from his window. A Southwest Airlines plane was seen on fire in the sky shortly after takeoff from Houston, Texas, video shows. "Southwest Flight #307 from Houston Hobby (HOU) to Cancun (CUN) returned to the airport on Tuesday night after experiencing a mechanical issue shortly after takeoff," a spokesperson for Southwest Airlines told Insider in a statement. Kalisek and his girlfriend were shaken by the incident and decided not to take the other flight to Cancun, KHOU reported.

Persons: Ricardo Garcia, Andrew Sandino, HOU, Coale Kalisek, Kalisek, … I've, KHOU, I'm, It's Organizations: Southwest Airlines, Houston's Hobby, Twitter, NBC News, Houston Hobby Locations: Houston , Texas, Cancun, CUN, San Antonio, KHOU

☆ It will take at least 2 years for AI to be a meaningful part of Hon Hai's business: Neuberger Berman
▼ + stars: | 2023-08-16 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt will take at least 2 years for AI to be a meaningful part of Hon Hai's business: Neuberger BermanSebastian Hou of Neuberger Berman discusses Hon Hai's expansion plans in both geography and vertical units.

Persons: Hai's, Neuberger Berman Sebastian Hou, Neuberger Berman

While the statement does not identify Thunberg by name, a spokesperson for the Swedish Prosecution Authority, Annika Collin, confirmed to CNN that the woman referred to is Thunberg. The charges relate to Thunberg’s participation in a protest organized by the activist group Ta Tillbaka Framtiden, which blocked oil tankers in part of Malmö harbor. “Today, for the third day in a row, young activists from @tatillbakaframtiden have blocked oil tankers in the Malmö oil harbour. Irma Kjellström, spokesperson for Ta Tillbaka Framtiden, said Thunberg was one of many young people blocking oil tankers. In January, Thunberg was detained by police during a protest in the village of Lützerath, Germany, over the expansion of a coal mine.

Persons: CNN —, Greta Thunberg, “, Annika Collin, ” Thunberg, Irma Kjellström, Ta, Thunberg, ” Organizations: CNN, CNN — Sweden’s, Authority, Swedish Prosecution Authority, “ Locations: Malmö, “, Lützerath, Germany

☆ Gold, private assets, stocks and bonds make up a very 'resilient' portfolio, DBS CIO says
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGold, private assets, stocks and bonds make up a very 'resilient' portfolio, DBS CIO saysHou Wey Fook of DBS Bank shares his view on investing in AT1 bonds, gold and alternative investment.

Persons: Hou Organizations: DBS, DBS Bank

☆ Now is a good time to invest in risk assets, says CIO
▼ + stars: | 2023-07-04 | 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 EmailNow is a good time to invest in risk assets, says CIOHou Wey Fook of DBS Bank says the full impact of Fed's rate hikes have yet to be fully felt in the real economy, but the pace and magnitude of future hikes will come down.

Persons: Hou Organizations: DBS Bank

CNN —Parents of preschool children allegedly given sedatives by staff at a kindergarten in Taiwan have been protesting the government’s slow response to the incident. On May 14, three parents told local police that their children were irritable and showed self-harming behaviors between February and April this year. They said the children told them their teachers had given them drugs, Taiwan’s official Central News Agency (CNA) reported. The District Prosecutors Office in New Taipei City was first notified of a case involving the potential drugging of minors on May 15. The principal and four teachers from the kindergarten were questioned by police, CNA reported.

Persons: Lin Ching, Hou Yu Organizations: CNN, Central News Agency, CNA, Prosecutors, New, ih, Kuomintang Locations: Taiwan, New Taipei City

☆ In an internal memo, Marc Benioff shakes up Salesforce's top ranks, and drops a subtle hint about the company's succession plan
▼ + stars: | 2023-06-06 | by ( Nicholas Carlson | Julie Bort | ) www.businessinsider.com time to read: +5 min

Miguel Milano becomes Salesforce's Chief Revenue Officer, moving from the same role at software company Celonis. Ariel Kelman, is the new Chief Marketing Officer of Salesforce. Benioff responded to the pressure by laying off thousands of employees and making other changes to increase the company's efficiency. Miguel Milano, our new Chief Revenue Officer: I'm excited to welcome back Miguel Milano to Salesforce as our Chief Revenue Officer. Ariel Kelman, our new Chief Marketing Officer:It's also incredible to welcome back Ariel Kelman as our new CMO!!!

Persons: Benioff, Marc Benioff, Miguel Milano, Milano, Ariel Kelman, Kendall Collins, Brian Millham, Salesforce, Millham, He's, Read, I'm, Brian, Brent, Juan, Miguel, It's, Ariel, Sarah Franklin, Sarah, she's, Sarah's, Congratulation Sarah, Alex Dayon, Alex, Alex !, Hui Hou Alex, Kendall, salesforce Organizations: Salesforce, Amazon, Oracle, Celonis, Amazon Web Services, Staff, Business Technology, Elliott Management, Human Resources, Global, Services, EMEA, APAC, AWS, Advisory, Board Locations: Okta, Salesforce, Celonis, AppDynamics

TAIPEI, May 17 (Reuters) - Taiwan's main opposition Kuomintang (KMT) party will pick New Taipei City mayor Hou Yu-ih to be its presidential candidate in the election next year, a senior party source told Reuters on Wednesday, with China tensions set to top the election agenda. The KMT favours close ties with China while the ruling Democratic Progressive Party (DPP) champions Taiwan's separate identity. The senior party source said the KMT will announce Hou as the presidential candidate later on Wednesday. A second party source said Hou is widely expected within the party to become the candidate. He has vowed to defend the Republic of China, Taiwan's official name, if it was attacked.

☆ As China Looms Over Taiwan’s Presidential Race, the Opposition Picks a Moderate
▼ + stars: | 2023-05-17 | by ( John Liu | Paul Mozur | ) www.nytimes.com time to read: +1 min

Once a dominant political force, Taiwan’s main opposition party lost the last two presidential elections in large part because it has promoted closer ties with China. Mr. Hou launched his bid with a rallying call. “We must unite for victory, especially at this stage when our country is facing fierce and dangerous international circumstances,” Mr. Hou said following the announcement of his nomination. His candidacy sets the stage for a tight race next January that could chart a new course for Taiwan in the big-power standoff between China and the United States and reshape tensions around the Taiwan Strait, one of the world’s most dangerous flash points. Under the seven-year leadership of President Tsai Ing-wen of the governing Democratic Progressive Party, Taiwan has come under intensifying military and diplomatic pressure from China and pushed back by bolstering ties with the United States.

☆ Russian spy ships suspected of gathering intelligence in Nordic waters, investigation finds
▼ + stars: | 2023-04-19 | by ( Li-Lian Ahlskog Hou Allegra Goodwin Anna Chernova Vasco Cotovio | Li-Lian Ahlskog Hou | Allegra Goodwin | ) edition.cnn.com time to read: +5 min

CNN —Russia has a fleet of suspected spy ships operating in Nordic waters as part of a program for the potential sabotage of underwater cables and wind farms in the region, according to a joint investigation by the public broadcasters of Sweden, Denmark, Norway and Finland. The investigation also said Russian ships appear suddenly following NATO exercises. One ship at the center of the investigation, the Admiral Vladimirsky, is officially used for underwater research expeditions, but is, according to the report, a Russian spy ship. A masked man emerged on the deck of the Admiral Vladimirsky, the ship at the center of an investigation that found a Russian fleet of suspected spy ships in Nordic waters. The investigation comes after Dutch intelligence officials warned Russia had tried to gain intelligence to prepare for the potential sabotage of critical infrastructure in their patch of the North sea.

[1/3] A staff member attends to visitors at an oven retailer at the China Import and Export Fair, also known as Canton Fair, in Guangzhou, Guangdong province, China April 16, 2023. REUTERS/Ellen ZhangGUANGZHOU, April 16 (Reuters) - Chinese exporters exhibiting their products at the country's largest trade fair said the weak global economy was hurting their businesses, with many freezing investments and some cutting labour costs in response. Lin said the company cannot afford to sell at lower prices, but it may look to reduce labour costs. Vicky Chen, foreign trade manager at socket producer Qinjia Electric, said she did not expect a big sales boost at the fair, which runs until May 5. "The whole global economy is fairing poorly at the moment, and the fair won't change that."

☆ Foxconn founder Gou, possible Taiwan presidential candidate, to visit US
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, March 27 (Reuters) - Terry Gou, the billionaire founder of major Apple Inc (AAPL.O) supplier Foxconn (2317.TW), will visit the United States this week, his office said on Monday, as he considers another run for Taiwan's presidency. Gou will leave for the United States on Monday evening for a 12-day visit his office called a "journey of scientific and technological economic development" and will also speak at the Washington think-tank, the Brookings Institution. "Not only the United States, but also other major democratic allies have been gradually paying attention to security issues in the Asia-Pacific region," his office said in a statement. Taiwanese presidential candidates traditionally go to the United States before elections given Washington's oversized role in ensuring Taiwan's security in the face of China's military threats to the island Beijing views as Chinese territory. While Gou has said he is considering another run for the January 2024 presidential election, the KMT has yet to choose its presidential candidate.

China's four new vice premiers:Ding Xuexiang, 60, is the first-ranked vice premier who also sits in the ruling Communist Party's Politburo Standing Committee, China's top echelon of power. Wang Zhigang, 65, remains minister of science and technology. Huai Jinpeng, 60, remains minister of educationPan Yue, 62, remains head of the National Ethnic Affairs CommissionWang Xiaohong, 65, remains minister of public securityChen Yixin, 63, remains minister of state security. Considered a Xi ally, he had worked with Xi when the latter was party chief of Zhejiang province from 2002-2007. Tang Dengjie, 63, remains minister of civil affairsHe Rong, 60, remains minister of justiceWang Xiaoping, 59, remains minister of human resources and social securityWang Guanghua, 59, remains minister of natural resourcesHuang Runqiu, 59, remains minister of ecology and environmentNi Hong, 60, remains minister of housing and urban-rural developmentLi Xiaopeng, 63, remains minister of transportLi Guoying, 63, remains minister of water resourcesTang Renjian, 60, remains minister of agriculture and rural affairsHu Heping, 60, remains minister of culture and tourismMa Xiaowei, 63, remains head of the National Health CommissionPei Jinjia, 59, remains minister of veterans affairsWang Xiangxi, 60, remains minister of emergency managementHou Kai, 60, remains auditor-general of the National Audit OfficeReporting by Yew Lun Tian, Ziyi Tang, additional reporting by Albee Zhang; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

☆ Starbucks’ new drinks have a spoonful of olive oil in every cup
▼ + stars: | 2023-02-21 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +9 min

There’s an Oleato latte with oat milk and olive oil, an Oleato ice shaken espresso with oat milk, hazelnut flavor and olive oil, and the Oleato golden foam cold brew, made with a version of Starbucks’ sweet milk foam infused with two olive oil servings. Starbucks Oleato drinks are made with exra virgin olive oil. Coming full circleLast year Schultz met olive oil producer Tommaso Asaro, who introduced him to the practice of consuming a tablespoon of olive oil each day. “He thought it was a little strange.” Asaro is the chairman of United Olive Oil, through which Starbucks is sourcing its olive oil. Howard Schultz and Tommaso Asaro, chairman of United Olive Oil, which produces the Partanna olive oil that Starbucks is using for Oleato.

☆ We're still waiting for the dust to settle in China's property sector, DBS Bank says
▼ + stars: | 2023-01-25 | 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 EmailWe're still waiting for the dust to settle in China's property sector, DBS Bank saysHou Wey Fook of the Singapore bank discusses China's reopening and says it likes "the internet platforms, e-commerce, cloud computing plays."

☆ Analysis: China's rapid reopening brings joy and woe for world markets
▼ + stars: | 2023-01-13 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +6 min

The impact of the reopening of the world's second largest economy on financial markets, hit by double-digit losses last year as inflation and interest rates jumped, is critical. Being touted among the top buying bets on recovery hopes are emerging markets, commodity currencies, oil, travel and European luxury companies. The boost to world growth from China's reopening was expected to hurt the safe-haven dollar but benefit the euro. INFLATION CAUTIONBut a boost from China's reopening raises some concerns about inflation. China is the world's leading importer of oil and many other commodities -- oil prices have risen 10% since mid-December to almost $84 .

☆ Analysis: Bankman-Fried fraud charges sidestep debate over how U.S. law sees crypto
▼ + stars: | 2023-01-09 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +5 min

"It's a pretty simple deception," said Shane Stansbury, a professor at Duke University School of Law and former Manhattan federal prosecutor. The debate matters to cryptocurrency companies because it could determine which agency regulates the trading of digital assets. Both have pleaded not guilty and argued the charges should be dismissed because insider trading charges must involve securities or commodities. In bringing wire fraud charges in both cases, prosecutors avoided taking a position on how cryptocurrencies or NFTs should be classified. It is unlikely Bankman-Fried's lawyers will attempt a similar argument because the wire fraud charges are more straightforward, Kasten said.

☆ TuSimple to lay off 25% of workforce
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +1 min

Dec 21 (Reuters) - TuSimple Holdings Inc (TSP.O) said on Wednesday it will lay off 25% of its workforce, or nearly 350 employees, as the self-driving truck company seeks to chart a course out of the economic upheaval that has been raging throughout the year. The company said it expects to record a one-time charge of nearly $10 million to $11 million, most of which would be recorded in the fourth quarter. The downsizing also follows the dramatic removal of chief executive Xiaodi Hou in October after an investigation by the company's board revealed that some employees spent paid hours last year working for Hydron Inc, a startup working on autonomous trucks mostly in China. Earlier this month, TuSimple also ended a deal with Navistar to co-develop trucks with autonomous driving capability. Reporting by Niket Nishant in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ TuSimple plans to layoff half its workforce next week - WSJ
▼ + stars: | 2022-12-17 | by ( ) www.reuters.com time to read: +1 min

[1/2] TuSimple truck-trailers are parked at their facility at AllianceTexas, a 27,000 acre business complex boasting some of the country’s largest freight operations, in Fort Worth, Texas, U.S. May 18, 2022. REUTERS/Cooper NeillDec 16 (Reuters) - Self driving trucking company TuSimple Holdings Inc (TSP.O) plans to potentially cut half of its workforce next week, WSJ reported. The job cut would likely affect at least 700 employees, the report said citing people familiar with the matter. During November, TuSimple reinstated its former CEO Cheng Lu and removed four independent directors and appointed co-founder and major shareholder Mo Chen as executive chairman of the board. Reporting by Sneha Bhowmik in Bengaluru; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

☆ Self-driving trucking firm TuSimple appoints CFO, reconstitutes audit panel
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +1 min

Dec 16 (Reuters) - TuSimple Holdings Inc (TSP.O) appointed interim financial chief Eric Tapia on a permanent basis and reconstituted its audit committee, the self-driving trucking firm said on Friday, weeks after an internal probe revealed links to a China-backed firm. The company reappointed former chief executive Cheng Lu as its top boss last month after it fired his predecessor Xiaodi Hou following the probe. The investigation by its board revealed that some employees spent paid hours last year working for Hydron Inc, a startup working on autonomous trucks mostly in China. TuSimple also said on Friday it had appointed three new independent board members last week. Tapia joined TuSimple in 2021, and has been the interim chief financial officer since July 7.

[1/4] FILE PHOTO: The logo of Foxconn is seen outside the company's building in Taipei, Taiwan November 10, 2022. The plant owned by Taiwan-based Foxconn, battered by China's strict COVID restrictions and facing critical year-end holiday demand, was offering enticing hiring bonuses and excellent pay. Hou said he was promised up to 30,000 yuan ($4,200) for just under four months' work - far above the 12,000-16,000 yuan Foxconn workers usually get for four months. In a rare example of large-scale labour unrest in China, Foxconn workers in COVID masks clashed with security personnel in white hazmat suits holding plastic shields. The company previously apologised to workers for a pay-related "technical error" that it said occurred when it was hiring.

☆ Taiwan president resigns as party leader after election loss
▼ + stars: | 2022-11-26 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

TAIPEI, Taiwan — Taiwan President Tsai Ing-wen resigned as head of the ruling Democratic Progressive Party following local election losses on Saturday suffered by her party. Tsai had spoken out many times about “opposing China and defending Taiwan” in the course of campaigning for her party. “Faced with a result like this, there are many areas that we must deeply review.”Taiwan's President Tsai Ing-wen casts her ballot at a polling station in New Taipei City, Taiwan on Nov. 26, 2022. They’ve raised a local election to this international level, and Taiwan’s survival,” said Yeh-lih Wang, a political science professor at National Taiwan University. At an elementary school in New Taipei City, the city that surrounds Taipei, voters young and old came early despite the rain.

☆ TuSimple names new CEO, replaces ex-boss fired after probe into ties to Chinese firm
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +1 min

Nov 11 (Reuters) - TuSimple Holdings Inc's (TSP.O) former chief executive Cheng Lu is returning to the role, days after the self-driving trucking company fired his predecessor following an internal probe that showed some employees had ties and shared information with a China-backed firm. TuSimple said the investigation also found that confidential information had been shared with Hydron that was not brought to the attention of audit and government security committees. "I'm returning as TuSimple's CEO with a sense of urgency to put our company back on track," new CEO Lu said in a statement. Lu replaces Ersin Yumer, the vice president of operations who has been serving as its interim CEO since the board fired Hou on Oct. 31. Hou, 37, is a co-founder of TuSimple and had been at the helm of the self-driving company since 2018 and led TuSimple during its IPO.

☆ Super-voters override self-driving truck controls
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Nov 11 (Reuters Breakingviews) - If only it weren’t so easy to see what’s behind the latest mess at TuSimple (TSP.O). The self-driving truck technology developer has descended into corporate governance chaos after the ousted chief executive, Xiaodi Hou, turned around and fired the entire board of directors. The situation was made possible by a dual-class share structure that gives Hou and his co-founder Mo Chen 59% voting control despite their far smaller economic stakes. TuSimple achieved a nearly $8.5 billion market value when it went public in April 2021; it’s now worth about $640 million. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ TuSimple Co-Founder Ousts Board That Fired Him Last Month
▼ + stars: | 2022-11-10 | by ( Kate O'Keeffe | Heather Somerville | ) www.wsj.com time to read: 1 min

TuSimple was founded in 2015 and went public in April 2021, raising more than $1 billion at an $8.5 billion valuation in the process. Co-founder and former chief executive of TuSimple Holdings Inc. Xiaodi Hou combined forces with another major shareholder to oust the self-driving trucking company’s board of directors, according to a securities filing Thursday. The extraordinary move by Mr. Hou and fellow TuSimple co-founder Mo Chen follows the board’s decision on Oct. 30 to oust Mr. Hou from his roles as CEO and chairman. Board members at the time said they made the move in connection with a continuing investigation they were conducting into TuSimple’s relationship with a Chinese startup called Hydron Inc.

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