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Singapore is the world's safest city for tourists, according to new research by Forbes Advisor. Out of 60 analyzed cities, the Southeast Asian city boasted the lowest natural disaster risk, and the second lowest health and infrastructure risks. Singapore was deemed to have the second lowest digital security risk on the list. After Singapore, the study ranked Tokyo and Toronto as the next safest cities for travelers. Tokyo was deemed to have the lowest health security risk, a testament to the quality of healthcare services in the city, and the fifth lowest infrastructure security risk.

Organizations: Forbes Advisor, Singapore Locations: Singapore, Tokyo, Toronto, Japan, Australia

☆ Asia-Pacific markets trade higher, tracking Wall Street gains
▼ + stars: | 2024-07-23 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

A general view of the Lotte tower amid the the Seoul city skyline and Han river during sunset. Hong Kong's Hang Seng index futures were at 17,741, higher than the HSI's last close of 17,635.88. South Korea's Kospi rose 1.01%, while the small-cap Kosdaq climbed 1.22%. South Korea's producer price index in June rose 2.5% year-on-year, compared to a 2.3% climb in May. According to economists polled by Reuters, the country's consumer price index is expected to climb 2.7% year-on-year.

Persons: Australia's, Narendra Modi's, —, Samantha Subin, Hakyung Kim Organizations: Nikkei, Barclays, Traders, Reuters, Nasdaq, Dow Jones Locations: Seoul, India, Asia, U.S

☆ Global leaders react to 'true friend' Biden dropping out of U.S. presidential race
▼ + stars: | 2024-07-22 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

Canadian Prime Minister Justin Trudeau called Biden "a true friend" and a "partner to Canadians." "I've known President Biden for years. To President Biden and the First Lady: thank you," Trudeau wrote in an Instagram post. Biden's "difficult" decision was acknowledged by Polish President Donald Tusk and Czech Prime Minister Petr Fiala as driven by the larger interest of the U.S."Dear President @JoeBiden. "We will always be thankful for President Biden's leadership.

Persons: Joe Biden, Kamala Harris, Biden, Donald Trump, Justin Trudeau, He's, —, Trudeau, Keir Starmer, Biden's, Donald Tusk, Petr Fiala, @JoeBiden, You've, Tusk, Anthony Albanese, Yoav Gallant, Gallant, Volodymyr Zelenskyy, Dmitry Peskov, Peskov, Barack Obama, Obama Organizations: College of Southern, Sunday, Democratic Party, Canadian, Czech, Israeli, Kremlin Locations: College of Southern Nevada, Las Vegas , Nevada, Poland, America, U.S, Israel, Gaza, Moscow, Ukraine, Russian

☆ China's cooking oil scandal prompts residents to buy oil presses amid food safety concerns
▼ + stars: | 2024-07-19 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

They are turning to making their own oil by buying household oil press machines. a post on social media platform Xiaohongshu, captioning a video of a bottle of cooking oil, showcased locals' worries. China's authorities have launched an investigation into food safety concerns after domestic media revealed that a major state-owned company, Sinograin, had been using tankers that carry fuel to transport cooking oil. Be careful of 'Made in China' food products," Rein told CNBC's "Squawk Box Europe." "Illegal enterprises and relevant responsible persons will be severely punished in accordance with the law and will not be tolerated," China's Commission on Food Safety of the State Council said.

Persons: It's, Shaun Rein, Rein, CNBC's Organizations: Chinese Communist Party, Beijing, Private, Hopefull, Oil Group, Beijing News, China Market Research, Times Finance, Food, State Locations: China, China's Guangxi, Australia, Europe, Hong Kong

Chinese President Xi Jinping and former U.S. President Donald Trump in Beijing, China, in 2017. "So this is not going to be a sustainable driver of growth for China." China's exports to the U.S. rose by a modest 1.5% in the first half of the year. Citi forecasts 5.0% growth in real GDP growth for China this year. UBS forecasts 4.9% growth for China's economy this year.

Persons: Xi Jinping, Donald Trump, Artyom Ivanov, Goldman Sachs, Trump, JD Vance, Hui Shan, CNBC's, Janet Yellen, Vance, Biden, Mike Pence wouldn't, MAGA, Lin Jian, Goldman's Shan, Shan, Tao Wang Organizations: TASS, Getty, BEIJING, U.S, European, Citi, Fox News, Trump, Capitol, China's Ministry of Foreign Affairs, CNBC, UBS Investment Bank, UBS Locations: Beijing, China, U.S, European Union, Asia, Ukraine

☆ Gold eases after hitting fresh record
▼ + stars: | 2024-07-17 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

One kilogram gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices extended their rise to a fresh all-time high on Wednesday, as growing optimism for an interest-rate cut from the U.S. Federal Reserve in September and a weaker dollar boosted demand. Spot gold eased about 0.2% to $2,462.85 per ounce, driven by profit-taking, after the bullion hit a high of $2,482.29 earlier in the session. Markets now see a 98% chance of a U.S. rate cut in September, according to the CME FedWatch Tool. Lower interest rates decrease the opportunity cost of holding non-yielding bullion and weigh on the dollar, making gold cheaper for investors holding other currencies.

Persons: David Meger, Christopher Waller Organizations: Co, U.S . Federal Reserve, High, Fed Locations: Bangkok, Thailand, U.S

☆ Trump presidency tariffs could be a 'major downside growth risk' for China, says Goldman Sachs
▼ + stars: | 2024-07-16 | 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 EmailTrump presidency tariffs could be a 'major downside growth risk' for China, says Goldman SachsHui Shan, chief China economist of Goldman Sachs, says the implications for the macroeconomy are significant if Donald Trump wins the U.S. presidential election and imposes a 60% tariff on Chinese imports.

Persons: Goldman Sachs Hui Shan, Goldman Sachs, Donald Trump Organizations: Email, U.S Locations: China

☆ Global population to peak within this century as birth rates fall, United Nations report says
▼ + stars: | 2024-07-12 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

The world population is on course to peak earlier than expected this century as some of the world's largest countries face declining birth rates, according to the United Nations. According to the organization's biennial World Population Prospects report, global population is projected to peak at around 10.3 billion in the mid-2080s from the current 8.2 billion. The UN in 2022 had estimated the world population would peak at 10.4 billion by the 2080s. The total population of these countries is stipulated to fall by 14% over the next 30 years. For 126 countries including the United States, India, Indonesia, and Pakistan, population is expected to peak in the second half of the century or later.

Persons: Li Junhua, Li Organizations: United Nations, UN, Economic, Social Affairs, Central African, Democratic Locations: China, South Korea, Spain, Italy, Germany, Japan, Russia, Niger, Somalia, Central African Republic, Democratic Republic of Congo, United States, India, Indonesia, Pakistan

☆ Japanese warship entered China's waters near Taiwan despite warnings, domestic media reports
▼ + stars: | 2024-07-11 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

A Japanese maritime self-defense force destroyer entered Chinese territorial waters recently in spite of warnings by Chinese vessels, Kyodo News reported Thursday. The Suzutsuki temporarily ventured into waters off China's eastern province of Zhejiang on July 4, according to Kyodo. Instead, the vessel "sped up and navigated" into the Chinese waters for about 20 minutes before leaving. Japan is holding the position that the destroyer's entry into Chinese waters was not illegal, Kyodo News reported. China often sends its coast guard and military vessels into Japanese territorial waters near the disputed Senkaku Islands in the East China Sea.

Organizations: Self, Defense Force, Kyodo, China's, Safety Administration, United Nations Convention Locations: Japan, Tanjung Priok, Jakarta, Indonesia, Zhejiang, East, Beijing, China

☆ Locusts in your noodles? Singapore approves 16 insect species as food
▼ + stars: | 2024-07-10 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

From locusts to superworms to honey bees, Singapore has approved 16 species of insects for human consumption. "With immediate effect, SFA will allow the import of insects and insect products belonging to species that have been assessed to be of low regulatory concern," the Singapore Food Agency said in a statement. The agency said the following list of approved bugs can be imported for both human consumption and animal feed for food producing animals. Singapore's food agency acknowledged that the country's insect industry is "nascent" and that the critters are a new food item in the city-state. But in announcing a regulatory framework for edible insect imports, the SFA emphasized its priority was ensuring the safety of food consumed in Singapore.

Persons: mealworm, Fura, Insectyumz Organizations: SFA, Singapore Food Agency, House, Sustainability, Seafood Locations: Singapore

☆ China’s ETF market sees ‘explosive’ growth, inflows jump 5-fold in three years, Morningstar says
▼ + stars: | 2024-07-10 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Chinese exchange-traded funds saw a "staggering" growth in the last five years, with inflows consistently notching new highs, according to Morningstar. "Annual inflows to China ETFs surged almost fivefold over the past three years," Morningstar's analyst Wanda Wang said in a June report. According to data provided by the American financial services firm, total yearly inflows to Chinese ETFs swelled from 127.2 billion Chinese yuan ($17.49 billion) in 2021, to 387.2 billion yuan in 2022. In 2023, this figure hit 604.3 billion yuan. "The growth of the Chinese ETF market over the past few years is explosive," Wang told CNBC.

Persons: Morningstar, Wanda Wang, Wang Organizations: CNBC Locations: China

☆ Asia markets rise after S&P 500, Nasdaq close at all-time highs; Aussie consumer confidence dips
▼ + stars: | 2024-07-09 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets opened higher on Tuesday, tracking gains on Wall Street that saw the S&P 500 and the Nasdaq Composite closing at record highs overnight. Hyundai on the other hand reached a tentative wage agreement with its labor union, averting a strike. Hyundai shares slid 1.59%. Last week, the European Union had hiked tariffs on electric vehicles imported from China. Traders in Asia will also watch out for Australia's business confidence data due later in the day.

Persons: Kospi, Mehmet Fatih Kacir, Australia's Organizations: Nasdaq, Nikkei, Samsung Electronics, Hyundai, European Union, Traders Locations: Asia, Pacific, Turkey, China

☆ India's Modi to meet Putin in Moscow as both sides seek to forge deeper ties
▼ + stars: | 2024-07-08 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Russian President Vladimir Putin speaking to Indian Prime Minister Narendra Modi during their meeting at Taj Exotic Hotel on October, 15, 2016 in Benaulim, Goa, India. Mikhail Svetlov | Getty Images News | Getty ImagesIndia's Prime Minister Narendra Modi is set to meet President Vladimir Putin in Moscow on Monday, marking his first visit to the Kremlin since the invasion of Ukraine. Their meeting is significant as it's the Indian premier's first bilateral trip overseas since he was reelected for a rare third term in June. watch now"This trip will rankle many Western observers," an analyst at the Lowy Institute pointed out in a published commentary. India's refiners have been snapping up discounted Russian oil since the start of the Ukraine war.

Persons: Vladimir Putin, Narendra Modi, Mikhail Svetlov, Vinay Kwatra, Kwatra, India's, Lowy Organizations: Indian, Taj Exotic, Getty, India's, Kremlin, Shanghai Cooperation Organization, United Nations, East Asia Summit, Lowy Institute Locations: Benaulim, Goa, India, Moscow, Ukraine, Russia, Russian, Europe

☆ McDonald's shortens breakfast hours in Australia in response to nationwide egg shortage
▼ + stars: | 2024-07-03 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Australia is facing an egg supply crunch thanks to bird flu outbreaks — and it's led McDonald's to trim breakfast hours by 90 minutes, also pushing supermarkets to restrict purchases to two cartons per consumer. Citing "industry challenges," McDonald's on Tuesday announced that it was temporarily serving breakfast until 10.30am instead of midday across Australia. The government added that it is currently responding to outbreaks of the H7 high pathogenicity avian influenza (HPAI) at 11 poultry farms. The Food Standards Australia New Zealand (FSANZ) noted that there is currently no evidence that people can contact the virus through "properly prepared" food. "Avian influenza (bird flu) is not a food safety concern and it is safe to eat properly handled and cooked chicken meat, eggs and egg products," the organization added.

Persons: it's, Murray Watt, McDonald's, Rowan McMonnies, there's, McMonnies Organizations: U.S, Australia Facebook, Coles, Woolworths, Food Standards, Food Standards Australia New Zealand Locations: Australia, Food Standards Australia

☆ China's young people are 'revenge saving' even as Gen Zers around the world are piling up debt
▼ + stars: | 2024-07-02 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Post-pandemic revenge spending is still continuing, but in one part of the world there's something starkly opposite happening — revenge saving. Rather than splurging on impulsive purchases, China's young are saving ferociously as the world's second-largest economy remains in the doldrums. Revenge saving has become a trend on Chinese social media websites, with Chinese youth setting extreme monthly saving targets. "Chinese youth have a revenge savings mentality," said China Market Research Group's Managing Director Shaun Rein. "Unlike youths in the 2010s who often spent more than they earned and borrowed money to buy fancy items like Gucci handbags and Apple iPhone, young Chinese have started saving more," he told CNBC.

Persons: Zhai Zhai, Shaun Rein, Gucci Organizations: Research, CNBC Locations: China

☆ Millennials are ‘very ill-prepared’ to be the richest generation in history, wealth manager says
▼ + stars: | 2024-07-01 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Millennials are poised to be the wealthiest generation in history, but are they ready to handle the large inflow of money? A vast $90 trillion wealth transfer over the next 20 years will likely make millennials "the richest generation in history," according to estimates from global real estate consultancy Knight Frank. "The millennials are very ill prepared … they're not as well prepared as the wealth creating generation," Salvatore Buscemi, co-founder and managing partner of multi-family office Brahmin Partners told CNBC. "They don't have the skill sets earlier on to be able to do that because they never had to - they were never pushed," he said. "And the problem is - are they going to be motivated later in life to push themselves to acquire these skill sets?"

Persons: Knight Frank, —, Salvatore Buscemi, Buscemi Organizations: Partners, CNBC

☆ In a new round of 'panda diplomacy,' China sends giant bears to the U.S. after two decades
▼ + stars: | 2024-06-27 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +2 min

Four-year-old Yun Chuan, a male panda, and Xin Bao, a female panda who's turning four in July, departed from Bifengxia Giant Panda Base, in China's Sichuan province on Wednesday. The pair will reside at the San Diego Zoo for the next 10 years, according to a press release from the zoo. The Chinese team will spend about three months in San Diego to help the pandas settle in, state media China Daily said. Yun Chua, the male panda, is the son of Zhen Zhen, who was born at San Diego Zoo in 2007. The zoo has not had residing pandas since 2019, after a 27-year-old female giant panda, Bai Yun, and her 6-year-old son, Xiao Liwu, returned to China.

Persons: Yun Chuan, Xin Bao, Todd Gloria, I'm, Paul Baribault, Huang Shan, Yun Chua, Zhen Zhen, Bai Yun, Xiao Liwu Organizations: San Diego Zoo, San Diego, San Diego Zoo Wildlife Alliance, NBC News Locations: China, San Diego, U.S, Beijing, China's Sichuan, San, United States

☆ This 30-year-old made $66,000 selling trash last year. His finds include Fendi bags and hundreds in cash
▼ + stars: | 2024-06-20 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

Leonardo Urbano, 30, sits on a couch that was set out for disposal in Sydney. Leonardo Urbano said he sometimes finds luxury goods in piles of discarded clothes, such as this purported Fendi bag. When he finds luxury items, Urbano said he tries to verify their authenticity by checking the serial numbers on sites like Entropy. Leonardo Urbano found a painting by two-time Archibald Prize finalist Dapeng Liu with an estimated value of $3,000. Leonardo Urbano

Persons: Leonardo Urbano, Urbano, He's, Dapeng Liu Organizations: Facebook, CNBC Locations: Sydney, Leonardo Urbano In Australia, Australia

☆ Possible that the People's Bank of China deemphasizes MLF: Goldman Sachs economist
▼ + stars: | 2024-06-20 | 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 EmailPossible that the People's Bank of China deemphasizes MLF: Goldman Sachs economistHui Shan, chief China economist at Goldman Sachs, discusses the Chinese central bank's decision to keep a key policy interest rate unchanged and the outlook for its monetary policy.

Persons: Goldman Sachs, Hui Shan Organizations: People's Bank of China Locations: China

☆ Singapore’s 'shophouses' are catching the eye of the rich, with some forking out tens of millions
▼ + stars: | 2024-06-17 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

SINGAPORE — The ornate, colorful "shophouses" that line the streets in some old neighborhoods of Singapore are not what immediately comes to mind when people think of the city-state. In a country where land is scarce and public housing can cost more than a million, these two- or three-story shophouses can cost tens of millions. Shophouses are colonial-era buildings — with some built as early as the 1840s — that are under a government conservation program. From Jack Ma's wife to Hong Kong superstar Jackie Chan, as well as Spanish tycoon Ricardo Portabella Peralta, the rich and famous are reportedly among the buyers of Singapore's shophouses. Renowned Bridgewater founder Ray Dalio was also recently identified as a buyer of two shophouses along Singapore's Club Street.

Persons: Jack Ma's, Jackie Chan, Ricardo Portabella Peralta, shophouses, Ray Dalio, Knight Frank Organizations: Hong Kong, Bridgewater, Singapore's, Street, CNBC Locations: SINGAPORE, Singapore, Hong

☆ These chefs and restaurants are the 2024 James Beard Award winners
▼ + stars: | 2024-06-11 | by ( Marnie Hunter | ) edition.cnn.com time to read: +10 min

CNN —The Oscars of the food world — the James Beard Awards — were handed out Monday night to many chefs and restaurants reflecting cultures and regions that have long been overlooked when honoring culinary achievement in the United States. Outstanding Chef winner Michael Rafidi dedicated his award to Palestinian people all over the world in his acceptance speech. The 2024 winners bring heritage from all over the globe — the Philippines, Mexico, Japan, Peru, Vietnam, Senegal — to tables across the United States. This year’s awards also bring recognition to restaurants in many smaller towns and states that have not historically been recognized with James Beard Awards. Chef Masako Morishita received the James Beard Award for Emerging Chef.

Persons: James Beard, —, Serigne Mbaye, ” Mbaye, Michael Rafidi, ”, Paul Smith, Lula Drake Wine, Chef Masako Morishita, Beard, Deb Lindsey, Masako Morishita, Atsuko Fujimoto, Morishita, Adams Morgan, Fujimoto, Baker, Ruth Reichl, Reichl, “, foodie, James Beard’s, ” Beard, Hamissi Mamba, Nadia Nijimbere, MI, Yenvy Pham, Phở, WA Chris Viaud, NH Hollis Wells Silverman, Erika Whitaker, Kelly Whitaker, Sarah Minnick, Dean Neff, Renee Touponce, David Uygur, Christine Dong, Fariyal Abdullahi, Janet Becerra, SC Ryan Fernandez, Mel, Baker Susan Bae, Jesus Brazon, Manuel Brazon, Crystal Kass, Valentine, AZ Anna Posey, Hospitality Crawford, NC Gemma, Lula Cafe, Vin, California Geoff Davis, CA Rogelio Garcia, Auro, Lord Maynard Llera, Kuya, Los Angeles , CA Tara Monsod, Billy ” Ngo, Vinnie Cimino, Cordelia, Jose Salazar, Sarkar, Hajime Sato, Sozai, MI Jenner Tomaska, Tony Conte, Jesse Ito, Matt Kern, Harley Peet, Kevin Tien, Ann Ahmed, Rob Connoley, Dan Jacobs, Dan Van Rite, Christina Nguyen, Hai, Tim Nicholson, Brandon Cunningham, Ali Sabbah, Matt Vawter, Penelope Wong, Yuan Wonton, Nick Zocco, NY Atsushi Kono, Chris Mauricio, Charlie Mitchell, Clover, NY Jeremy Salamon, Conor Dennehy, Talulla, Maria Meza, David Standridge, Jake Stevens, Cara Tobin, Honey, Avery Adams, Matia, WA Kristi Brown, WA Josh Dorcak, Gregory Gourdet, Melissa Miranda, Jamie Davis, The, Washington , NC Rod Lassiter, Parnass Savang, James London, Chubby Fish, SC Robbie Robinson, Valerie Chang, FL Hunter Evans, Jackson, MS Gabriel Hernandez, Carlos Portela, Rene Andrade, Jeff Chanchaleune, Ma Der, Steve, Steve Riley, NM Eduardo Rodriguez, Zacatlán, Texas Emmanuel Chavez, Houston , TX Christopher Cullum, Cullum’s Attaboy, San Antonio , TX Tracy Malechek, Ezekiel, Birdie’s, Misti Norris, Petra, Ana Liz Pulido, Ana Liz Taqueria Organizations: CNN, Dakar NOLA, Lyric Opera, Michelin, Beverages Program, Chefs, The Washington Post, Washington Commanders, The New York Times, Gourmet Magazine, James, James Beard Foundation, Hav, Seattle , WA Nikko Cagalanan, SC, NY, Dakar, FL Kisser, Nashville , TN Oro, Caracas Bakery, AZ, Hospitality, IL, NY Woodford Food & Beverage, Beverages, SC The Morris, D.C, BEST, Social Haus, UT, New, New York State, Pacific, FL, Houston , TX Locations: United States, New Orleans, West Africa, Chicago, Portland , Oregon, Pacific, Albi, Washington, Ramallah, Philippines, Mexico, Japan, Peru, Vietnam, Senegal, West Virginia, Charleston , West Virginia, Columbia , South Carolina, Mission , Texas, Mystic , Connecticut, Easton , Maryland, Portland , Maine, Tokyo, Perry’s, Adams, DC, Bakery, Detroit, Seattle, WA, Greenleaf, Ansanm, Milford, Wolfeboro, NH, The Wells, Boulder, Portland, Wilmington ,, Albi , Washington, The, Lucia, Dallas , TX, Santa Fe, Marfa ,, San Antonio ,, Springs, , New York, Pancita, Seattle , WA, Kultura, Charleston, Southern Junction, Buffalo, Waitsburg, Lockhart, TX, Carmel, Dorchester, Dakar NOLA , New Orleans, LA Hayward, McMinnville, Kaya, Orlando, Nashville , TN, Nixta , Minneapolis, Shan, Bozeman, Albuquerque, Long Beach ,, Hudson, Caracas, Doral, Miami, Phoenix, Elske, IL, Son, Raleigh, NC, Dallas ,, New York, NY, Columbia, San Francisco ,, Anaheim , Anaheim, , Washington, Waxlight, Montpelier, VT, Baltimore, , New Orleans, LA, Brownsville ,, California, Burdell, Oakland, Calistoga, Los Angeles ,, San Diego ,, Kru, Sacramento, Lakes, MI, Cleveland ,, Mita’s, Cincinnati, Indienne, Clawson, Esmé, NJ, PA, Philadelphia, Fenwick, Bas Rouge, Easton, KS, MN, MO, WI, Khâluna, Minneapolis, St, Louis, EsterEv, Milwaukee, Hai Hai , Minneapolis, Omaha, UT, WY, Greenough, Salt Lake City, Rootstalk, Breckenridge, Denver, Urban, Sofreh, Brooklyn, Kono , New York, Harana, Accord, Clover Hill, RI, Cambridge, Dolores, Providence ,, Leeward, Burlington, Island, MÄS, Ashland, kann, Musang, KY, TN, The Hackney, Washington , NC, Talat, Atlanta, West Columbia, Maty’s, Elvie’s, Verde Mesa, San Juan, Saffron , New Orleans, AZ, NM, Bacanora, Oklahoma City, Henderson, Mesa, Tatemó, Houston ,, Austin ,, Mission

☆ Singapore is set to lead the gold market as 'center of gravity' shifts east, World Gold Council says
▼ + stars: | 2024-06-11 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: 1 min

SINGAPORE — Singapore is set to become a leading gold hub as trading shifts east, according to the World Gold Council. Singapore's proximity to these central banks, which are actively snapping up gold, is another factor, he added. "The center of gravity of the gold market has shifted east, with Singapore, fortuitously placed as the potential fulcrum of this new balance," Fan said at the Asia Pacific Precious Metals Conference held in Singapore. China is the world's largest gold consumer, and its central bank is the largest buyer of bullion as the country seeks to boost its gold reserves. Among central banks, the People's Bank of China was the largest buyer of gold in 2023.

Persons: Shaokai Fan, fortuitously, Fan Organizations: World Gold, Asia, Precious Metals Conference, People's Bank of Locations: SINGAPORE — Singapore, Asia, Pacific, Singapore, Singapore . China, People's Bank of China

☆ Taiwan's energy crunch could 'throw a wrench' into the global semiconductor industry
▼ + stars: | 2024-06-11 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Any energy disruption will slow down chipmaking and raise global semiconductor prices, Webster said. "Taiwan's electricity crunch could throw a wrench in global semiconductor markets," he said, adding that interruptions could reverberate across the global industry. The global semiconductor manufacturing industry is estimated to double its market size in revenue by 2030, and is poised to consume 237 terawatt hours (TWh) of electricity by then, a Greenpeace report said. Joseph Webster Atlantic Council's Global Energy CenterElectricity consumption from Taiwan's semiconductor manufacturing industry is set to increase 236% between 2021 and 2030, the same report found. "The global electricity industry has been surprised by the pace and scale of electricity demand from artificial intelligence's data centers," said Webster, adding that Taiwan's future electricity consumption is subject to "considerable uncertainty."

Persons: Council's Webster, Webster, Joseph Webster, Chen, Chung Organizations: Taiwan Semiconductor Manufacturing, Apple, Nvidia, Greenpeace, Joseph Webster Atlantic, Global Energy Center Electricity, Hua Institution Locations: Taiwan

☆ Gold is getting harder to find as miners struggle to excavate more, World Gold Council says
▼ + stars: | 2024-06-10 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

An employee arranges gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand. The gold mining industry is struggling to sustain production growth as deposits of the yellow metal become harder to find, according to the World Gold Council. According to data from the international trade association, mine production inched up only 0.5% in 2023 compared to a year ago. In 2022, the growth was 1.35% year on year, the year before it was 2.7%, while in 2020, global gold production logged the first decline in a decade, sliding 1%. New gold deposits are becoming harder to find around the world as many prospective areas have already been explored, he elaborated.

Persons: We've, we've, John Reade, Reade Organizations: World Gold Locations: Bangkok, Thailand

☆ Cash for trash: How activists are responding to Pyongyang's rubbish-filled balloons into South Korea
▼ + stars: | 2024-06-07 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

A balloon believed to have been sent by North Korea, carrying various objects including what appeared to be trash and excrement, is seen over a rice field at Cheorwon, South Korea, May 29, 2024. "We sent facts and truth, love and medicine, and dollar bills, but [the North] sent filth," head of Fighters for Free North Korea, Park Sang-hak, said in a statement. In response to the North's waste balloons, South Korea suspended the inter-Korean military pact signed in 2018, which was aimed at easing animosities. The suspension is effective until "mutual trust between the South and the North is restored," said South Korean Prime Minister Han Duck-soo. For years, groups like the Free North Korea Movement have been deploying balloons carrying items like medicine, propaganda leaflets and South Korean news and media into the North.

Persons: Kim Jong Un, Kim Kang Il, Han Duck Organizations: North Korea Movement, North, South, Fighters, Free North, Center for Strategic, International, Korean Central News Agency, Korea's, Korean, South Korea's Constitutional Locations: North Korea, Cheorwon, South Korea, Seoul, Free North Korea, Pyongyang, Korea, South Korea's

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