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Last year, Apple announced new iPhones, Apple Watches, and updated AirPods at its September event. Here's what to expect from this year's edition:iPhone 15: USB-C and titaniumApple's invite to its Sept. 12 event. This year, the biggest change is expected to be a USB-C charging port, replacing Apple's proprietary Lightning port, which was introduced in 2012 as the iPhone charger "for the next decade." A USB-C charging port on iPhones will match the same charging port on Android phones, newer laptops, iPads, wireless headphones, and other gadgets. The change is being spurred by new European regulations which require a common charging port.
Persons: Tim Cook, Carlos Barria, Ming, Chi Kuo, Greg Joswiak, Apple's, Jakub Porzyck, Sofia Pitt, Apple, AirPods, Todd Haselton Organizations: Reuters Apple, Apple, YouTube, Apple's, Huawei, Vision, CNBC, Apple Apple, Bloomberg News, TF International Securities, Wall Street, Union, Nurphoto, Getty, Bloomberg, U.S, Apple Watch, Sofia Pitt Last Locations: Cupertino , California, iPhones
China's Great Wall has been pierced by Genghis Khan, the Manchus, and now, allegedly, a couple of construction workers named Zheng and Wang who wanted a shortcut. Authorities in China arrested two people for smashing a path through a section of the ancient wall, a cultural icon and United Nations protected heritage site. The area of the breach was a broken-down section far from the restored segments most Chinese and foreign tourists are familiar with. The pair wanted a shorter route for some construction work they were doing in nearby towns, the reports said. The Youyu County government said the arrests were made after a report of the breach was received on August 24.
Persons: Genghis Khan, Zheng, Wang, Organizations: Communist, UNESCO Locations: China, Nations, Youyu County, Beijing, Youyu
Two workers have been detained in northern China after local authorities said they plowed through a section of the country’s Great Wall with an excavator, leaving a gaping hole. The security bureau said it was first notified of the hole in a section of wall, near the township of Yangqianhexiang, about 215 miles east of Beijing, on the afternoon of Aug. 24. Law enforcement officers rushed to the scene to find that a piece of the wall, believed to have been constructed by the Ming dynasty between the 14th and 17th centuries, had been severely “excavated and damaged by large-scale machinery,” the bureau said. The man, named in the release as Zheng, and the woman, named as Wang, are from the autonomous region of Inner Mongolia in the country’s north and were taken in for investigation, the bureau added. They have been charged with destroying a cultural relic, The China Daily, a state-owned media outlet, reported.
Persons: Zheng, Wang Organizations: Public Security Bureau Locations: China, Youyu, Yangqianhexiang, Beijing, Inner Mongolia
Two people have been accused of destroying part of the Great Wall of China with an excavator. The pair reportedly wanted to create a path cutting through the Ming-dynasty portion of the wall as a shortcut, according to CNN. The damage has affected the structural integrity of that portion of the Great Wall, and it was "beyond repair," state-owned newspaper China Daily reported. AdvertisementAdvertisementThe earliest segments of the Great Wall, which stretches for over 4,000 miles across China, were first created in the third century BC. The damage to the Great Wall is this summer's latest example of a world-historical landmark facing purposeful damage.
Persons: Vespasian Organizations: CNN, Service, China . Police, China Daily, UNESCO, Smithsonian Magazine Locations: China, Wall, Silicon, Shanxi, Northeastern China
CNN —Two people have been detained in China after allegedly damaging a section of the Great Wall in the northern Shanxi province with an excavator, according to state broadcaster CCTV. Authorities in Youyu County said they received a report on August 24 that a gap in the wall was created in Yangqianhe Township, CCTV reported. Police said the investigation was ongoing. The area, known as the 32nd Great Wall, is one of the surviving complete walls and watch towers dated back to the Ming dynasty (1368-1644) and is listed as a provincial cultural relic site. The Great Wall was designated a UNESCO World Heritage Site in 1987.
Organizations: CNN, CCTV, Police, UNESCO, Heritage Locations: China, Shanxi, Youyu County, Yangqianhe Township
The logo of Industrial and Commercial Bank of China (ICBC) is pictured at the entrance to its branch in Beijing, China April 1, 2019. Industrial and Commercial Bank of China Ltd (ICBC) (601398.SS), the country's biggest lender, and Bank of China (BoC) (601988.SS) posted in exchange filings first half profit growth of 1.2% and 0.78%, respectively, from a year earlier. "There are some regional risks that have begun to emerge," Liu said, adding that asset quality has declined slightly but remains under control. BoC's NIM narrowed to 1.67% at end-June from 1.7% at end-March. "Chinese banks are likely to continue to face earnings pressure from margin compression," said Ming Tan, director at S&P Global Ratings.
Persons: Florence, Liu Jiandong, Liu, NIM, BoC's NIM, ICBC, Ming Tan, Tan, BoC's, Ziyi Tang, Engen Tham, Selena Li, Muralikumar Anantharaman, Mark Potter, Kirsten Donovan Organizations: Industrial, Commercial Bank of China, REUTERS, BoC, Commercial Bank of China Ltd, Bank of China, Thomson Locations: Beijing, China, BEIJING, SHANGHAI, HONG KONG, ICBC's
The Apple Inc logo is seen at the entrance to the Apple store in Brussels, Belgium November 28, 2022. REUTERS/Yves Herman Acquire Licensing RightsAug 29 (Reuters) - Apple (AAPL.O) said on Tuesday it would host its fall event on Sept. 12, setting the stage for what analysts believe will be the unveiling of a new line of iPhones and smartwatches. The event will be hosted at the Steve Jobs Theater at its headquarters in Cupertino, California, according to invites from the world's most valuable company. Apple posted a 2.4% decline in iPhone sales for its fiscal third quarter - a rare drop for the product that has for years powered the company's growth. Reporting by Chavi Mehta in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
Persons: Yves Herman Acquire, Steve Jobs, TF International Securities analyst Ming, Chi Kuo, Chavi Mehta, Sriraj Organizations: Apple, REUTERS, Steve, Wall Street, TF International Securities analyst, Bloomberg, Thomson Locations: Brussels, Belgium, Cupertino , California, Bengaluru
Foxconn founder Terry Gou announces run for Taiwan presidency
  + stars: | 2023-08-28 | by ( ) www.cnbc.com   time to read: +1 min
Terry Gou Tai-ming, founder and chairman of Taiwan's Foxconn Technology, speaks during the Canton Tower Science & Technology Conference Guangzhou on December 8, 2016 in Guangzhou, Guangdong Province of China. Terry Gou, the billionaire founder of major Apple Inc supplier Foxconn , said on Monday he was entering the race to be Taiwan's next president as an independent candidate in 2024 elections. Gou has spent the past few weeks touring Taiwan and holding campaign-like rallies, fueling speculation he was planning to run as an independent. "Give me four years and I promise that I will bring 50 years of peace to the Taiwan Strait and build the deepest foundation for the mutual trust across the strait," he said in a plea to Taiwan voters. "Taiwan must not become Ukraine and I will not let Taiwan become the next Ukraine."
Persons: Terry Gou Tai, Terry Gou, Gou, Hou Yu Organizations: Technology, Science & Technology Conference, Apple Inc, Foxconn, Kuomintang, KMT, ih, New, Democratic Progressive Party Locations: Canton, Science & Technology Conference Guangzhou, Guangzhou, Guangdong Province of China, China, New Taipei City, Taiwan, Ukraine
Bank of America thinks XPeng's partnership with Volkswagen is enough to significantly improve the company's outlook. The firm upgraded the Chinese electric vehicle maker to buy from neutral on Monday with a $22 per share price target. The analyst added that she also expects XPeng to turn a profit 2025, compared to a previous forecast which called for a loss. XPEV YTD mountain XPeng has climbed more than 50% from the start of the year. To be sure, the stock dropped more than 4% after XPeng reported a larger-than-expected net loss for the second quarter .
Persons: Ming Hsun Lee, XPeng, Lee, — CNBC's Michael Bloom Organizations: of America, Volkswagen, VW
No clear winner in US, China contest in the Pacific
  + stars: | 2023-08-18 | by ( Kirsty Needham | ) www.reuters.com   time to read: +5 min
The United States and PNG signed a defence cooperation agreement in May. STRATEGIC CHESSBOARDThe events in Vanuatu this week highlighted the challenges Pacific nations face in seeking to benefit from both the United States and its allies, and China. The U.S. Coast Guard has yet to gain clearance to enter Vanuatu's port, as it does in other Pacific Islands, Coast Guard officials said. Solomon Islands Prime Minister Manesseh Sogavare is also reluctant to accept U.S. support. The project was the largest infrastructure donation China had made to the Pacific Islands so far, Chinese ambassador Li Ming said at the ceremony.
Persons: Joe Biden, Louis Mapou, Hu'akavemeiliku Siaosi, Surangel Whipps, Kausea Natano, Samantha Power, Power, Washington, Lenora Qereqeretabua, Qereqeretabua, Ratu Jone Logavatu Kalouniwai, Denghua Zhang, Ishmael Kalsakau, Manesseh Sogavare, Sogavare, Li Ming, Kirsty Needham, Miral Organizations: U.S ., Country, New, Tonga's, Tuvalu's, United States, USAID, Pacific, Fiji Military Force, Australian National University, Vanuatu's, U.S . Coast Guard, Coast Guard, Solomon Islands, White, Solomon Islands National University, Reuters, Thomson Locations: U.S, Federated States, SYDNEY, China, Taiwan, Fiji, Papua New Guinea, United States, Vanuatu, Solomon Islands, Pacific, Australia, Vanuatu's, Solomon
Hong Kong CNN —NBA star James Harden expressed disbelief after Chinese fans snapped up 10,000 bottles of his own-branded wine in seconds, demonstrating the massive reach of livestreaming in the country, where basketball is loved by millions. “How many bottles do you usually sell in a day … from one store?” Yang asked Harden, who replied: “A few cases.”Yang then told the star to watch how quickly they could sell them. Go!” Yang told viewers. Basketball is enormously popular in China, in no small part thanks to Chinese legend Yao Ming’s Hall of Fame NBA career. That popularity among hundreds of millions of Chinese fans translates to lucrative sponsorship deals for the league and its star players.
Persons: James Harden, Brother Yang, Harden, ” Yang, ” Harden, Harden’s livestream, Yao Ming’s, there’s, Daryl Morey, Hong Kong’s, ” Morey, , Morey –, “ Daryl Morey Organizations: Hong Kong CNN — NBA, Philadelphia 76ers, Tuesday, Global Times, NBA, of Fame NBA, Houston Rockets, Hong, CCTV, Rockets, Morey, 76ers, NBA.com Locations: Hong Kong, livestreaming, China, United States, Beijing
The Return of Manual-Wind Watches
  + stars: | 2023-08-09 | by ( Ming Liu | ) www.nytimes.com   time to read: +2 min
The lack of a rotor generally allows manual-wind movements — and, ultimately, their exterior cases — to be smaller, which suits the current trend for small watches. Bulgari also played with size in developing its manual-wind BVL 100 Piccolissimo movement, introduced last year. “Our very important clients were saying that they had so many high-jewelry watches but found it was a pity that the tiny batteries soon ran out,” said Fabrizio Buonamassa Stigliani, the brand’s production creation executive director. A mechanical movement is forever.”The Piccolissimo first was used in Bulgari’s high-jewelry Serpenti Misteriosi watches, but this year it made its way into the new Mediterranea high-jewelry collection, presented in Venice in May. Manual-wind movements highlight a watch’s vintage look.
Persons: Patek, Calatrava, Bulgari, , Fabrizio Buonamassa Stigliani, , Marino Grande, Panerai Locations: Tokyo, Venice, Geneva, California
Visitor numbers at Hangzhou Zoo have gone up by 30 percent to around 20,000 a day since a video of the Malayan bear, named Angela, became a trending topic on Chinese social media over the weekend, Zhejiang province-based Chao News reported. It was when Angela was standing up that some netizens said she looked like someone wearing a bear suit. The zoo has sought to refute the rumour in posts on its official WeChat account and in interviews with local media, saying that Angela is "definitely not a human". "Our zoo is government-run, so that kind of situation would not happen," a member of staff said, according to local media. Reporting by Martin Quin Pollard; Additional reporting by Jiawei Wang; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.
Persons: Angela, Chao, Qian Ming, netizens, Martin Quin Pollard, Jiawei Wang, Raju Gopalakrishnan Organizations: Hangzhou Zoo, Chao News, Hangzhou TV, Weibo, Thomson Locations: BEIJING, China's Zhejiang, Zhejiang province, Suzhou, Hangzhou
China recently switched on a 16-megawatt offshore wind turbine in the Taiwan Strait. It's the largest, most powerful turbine in the world, at 499 feet tall with 404-foot blades. That dwarfs the size and capacity of American and European wind turbines currently in use. For comparison, the Block Island Wind Farm off the coast of Rhode Island has five wind turbines capable of generating 30 megawatts of electricity combined, which the company behind it says can power 17,000 homes. Workers install the world's first 16-megawatt offshore wind turbine at an offshore wind farm operated by China Three Gorges Corporation on June 28, 2023 in Pingtan Comprehensive Experimental Zone, Fujian Province of China.
Persons: IFLScience, Lyu, GREG BAKER, it's, China doesn't Organizations: Service, Privacy, Gorges Corporation, Workers, China Three Gorges Corporation, China News Service, Getty, GE Locations: China, Taiwan Strait, Rhode, Fujian Province, New York City, Pingtan, Taiwan, China's, Fujian, AFP
Taipei, Taiwan CNN —Two Taiwan police officers are under investigation after a botched sting operation led to a minor being sexually assaulted, prompting public uproar and an official apology from the local police department. According to the court verdict, Chang solicited sex from the girl, offering 5,000 New Taiwan dollars (about $160), and asked her for nude photos. The police put together a sting operation, with the girl agreeing to meet with Chang under the pretense of having sex with him, the verdict revealed. The guardian had agreed to the sting operation, the spokesperson added. The two officers involved in the sting operation have been referred to the district prosecutor’s office for investigation of their alleged negligence and failure in performing their duties, said the spokesperson.
Persons: Chang Ming, Chang Organizations: Taiwan CNN —, Taiwan, Taoyuan Police Department, Focus, Central News Agency Locations: Taipei, Taiwan, Zhongli, Taoyuan, Taoyuan city, Focus Taiwan
Apple is considering raising the price of its high-end iPhone Pros when new models come out this fall, according to Bloomberg. Since 2019, Apple has sold a high-end iPhone Pro that starts in the U.S. at $999 and a Max model with a bigger screen for at least $1099. Now, Apple's newest high-end models could reportedly receive a price increase that would boost Apple's overall revenue by increasing the average selling price of a new iPhone. The new iPhone models could have a USB-C charger, instead of a proprietary Lightning charger, after new European regulations passed last year. The new Pro models could come with a titanium case and thinner bezels, according to supply chain analyst Ming-Chi Kuo.
Persons: Ming, Chi Kuo, Sidney Ho Organizations: Apple, Bloomberg, Deutsche Bank Locations: Kolkata, U.S
CNN —US-born basketball player Kyle Anderson will represent China at next month’s FIBA World Cup after obtaining Chinese nationality, the Chinese Basketball Association (CBA) announced on Monday. Anderson is China’s first naturalized basketball player and his addition to the national team roster is considered a huge coup. Really proud and honored to wear the Team China jersey,” he said. While a first in basketball, China has acquired a handful of elite athletes with and without Chinese roots through naturalization. “When I’m in China, I’m Chinese.
Persons: Kyle Anderson, Li Kaier, , Anderson, Yao Ming, Yao, , Eileen Gu, Gu, heptathlete Nina Schultz –, Zheng Ninali Organizations: CNN, FIBA, Chinese Basketball Association, The Minnesota Timberwolves, Weibo, NBA, China, Team USA, China’s, Chinese Super League, Timberwolves Locations: China, I’m, Canada, China’s Beijing, Fairview , New Jersey, Philippines, Japan, Indonesia . China, Serbia
These drones range from jet-powered, long range surveillance aircraft to small quadcopters deployed by ground troops. Taiwan should accelerate mass production of a range of military drones to boost self-reliance in the struggle with Beijing, it concluded. U.S. drones range in size from two-kilogram, hand-launched drones to 14,500-kilogram long range surveillance drones. Unlike Taiwan, China began mass-producing unmanned aircraft long before the Ukraine conflict. Hundreds of technology experts, including specialists in AI, were recruited to the military, according to UCSD analyst Cheung.
Persons: Tsai Ing, , Tsai “, Max Lo, , Hawk Yang, Yang, Tsai, Joe Biden, , Lo, Tai Ming Cheung, ” Cheung, Nancy Pelosi, ” Tsai, Chang, Xi Jinping, Xi, Cheung, ” Elsa Kania Organizations: Reuters, People’s Liberation Army, Thunder Tiger Group, , Communist Party, Taiwan, Taiwan Affairs Office, U.S . Department of Defense, White, Pentagon ., Teal, University of California, PLA, U.S . House, Airborne, Washington -, Strategic & International Studies ., Royal United Services Institute, 20th Party Congress, UCSD, Center, New, New American Security, China's Ministry of Defense, Pentagon Locations: Russia, Ukraine, Taipei, Taiwan, China, Asia, United States, Australia, Japan, South Korea, America, Republic of China, “ China, Kinmen, Beijing, Washington, Pentagon . U.S, U.S, University of California San Diego, Chiayi, Strategic & International Studies . Ukraine, London, Chang Kong, Today, New American
[1/6] Guests attend the opening ceremony of BeLIVING Youth Hub, a youth hostel organized by the Hong Kong United Youth Association, in Hong Kong, China March 27, 2023. Two months ago, he landed a spot at a new so-called "youth hostel", which offers rooms for young adults that are subsidised by the Hong Kong government and can be rented for up to five years. A survey by the Concerning Youth Housing Rights Alliance published in May suggests the hostels will have limited appeal with close to 90% of respondents saying they don't plan to apply. "We need to think of ways to cut costs and to raise funds to keep operating," said Carrie Wong, a supervisor at the Hong Kong Federation of Youth Groups. ($1 = 7.8136 Hong Kong dollars)Reporting by Clare Jim; Editing by Anne Marie Roantree and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.
Persons: Lam, Silver Ho, Ho, Xi Jinping, It's, Kong, Xi, Chelsea Tung, I’ll, Carrie Wong, Ngai Ming Yip, Clare Jim, Anne Marie Roantree, Edwina Gibbs Organizations: Hong Kong United Youth Association, REUTERS, Hong, HK, Housing Rights Alliance, New, Hong Kong Federation of Youth Groups, City University of Hong, Research, Thomson Locations: Hong Kong, China, HONG KONG, Beijing, Causeway, Kong's, New BeLIVING, City University of Hong Kong
To that point, 68% are expecting a recession in the next six months, and 80% of those respondents expect it to be severe. Experts weigh in3 reasons it can be smarter to rent, even if you can buy Yet, predictions from various experts are not as dire. watch nowAt Raymond James, the current forecast calls for a "very, very mild" recession, according to chief economist Eugenio Aleman. Raymond James is predicting a 1.3% growth rate for 2023 and 0.6% for 2024 — which coincides with the firm's forecast for a "very, very mild recession," Aleman said. To cope with high inflation, Nationwide's survey found more than half of respondents are eating out less, with 54%.
Persons: Jamie Grill, We're, Kathy Bostjancic, it's, Raymond James, Eugenio Aleman, Aleman, Nonfarm, , Gray, Tang Ming Tung, Bostjancic Organizations: Finance, Nationwide, U.S . Department of Labor, ADP, Employers, Challenger, Federal Reserve, Getty, Auto Locations: U.S, American
Heart-Shape Gems Get Lots of Love
  + stars: | 2023-07-02 | by ( Ming Liu | ) www.nytimes.com   time to read: 1 min
From heart emojis to hands held to form a heart, heart motifs abound at the moment, and the jewelry world has gotten the memo: heart-shape stones seem to be everywhere. The large heart-shape diamond now worn by Lauren Sánchez — reportedly estimated at 25 to 30 carats and the ring that Jeff Bezos used to propose marriage, made headlines recently during the couple’s cruise around the Mediterranean. It had some competition in May at the Cannes Film Festival, where Natalie Portman honored emerging talent at the Trophée Chopard event in a blue Dior gown that matched her Chopard necklace of 25 sapphire hearts, totaling 119.95 carats, with each one trimmed in diamonds. Just days later, Gigi Hadid was photographed on the red carpet in a Messika Toi & Moi ring that juxtaposed two sparkling hearts: a 7.06-carat pink diamond and a 16.18-carat yellow diamond, each accentuated with white diamonds.
Persons: Lauren Sánchez —, Jeff Bezos, Natalie Portman, Gigi Hadid Organizations: Cannes Film
You know all those price tracking alerts you can get from your broker that alert you to changes in price for your favorite stock, mutual fund or ETF, or that alerts you about 52-week highs or lows? The authors, Che-Wei Liu, Yanzhen Chen, Ming-Hui Wen, partnered with one of the largest retail mutual fund investment platforms in Taiwan, which provides a free price tracking alerts tool. Why did the group that utilized the price alerts underperform? Because the price alerts made traders cocky and because a lot of the traders were financially illiterate and didn't understand what they were doing. The SEC is worried too The SEC has expressed concerns over these digital trading platforms, including ones that provide price tracking alerts, which may be encouraging excessive trading.
Persons: Wei Liu, Yanzhen Chen, Ming, Hui Wen, Larry Swedroe Organizations: Strategic Wealth, SEC, Industry Regulatory Authority Locations: Taiwan
An electric vehicle replaces a combustion engine with an electric motor, and that's what Sublime Systems does in the cement-making process. So he moved to eastern Canada, where they don't have a lot of rabbis," Ellis told CNBC of her father's move. And I think we both sort of gravitate to things that are challenging," Ellis told CNBC. I think the best way we have to get around fossil fuels is to use electrons," Ellis told CNBC. There will be numerous approaches, all of which have challenges and most of which deserve to be tested," Chiang told CNBC.
Persons: Leah Ellis, Ming Chiang, Ellis, Chiang, Sublime, she's, haven't, It's, Leah Ellis Ellis, it's, Mark Mutter, Mutter, Clay Dumas, Dumas, Katie Rae, Rae, Timothy McCaffery, McCaffery, Scott Carmichael It's, I'm Organizations: Sublime Systems, Sublime, CNBC, Battery, Massachusetts Institute of Technology, Bloomberg, Getty, Jamcem Consulting, LowerCarbon, Siam Cement, SCG, American Society for Testing Locations: Texas, South Africa, Israel, Jerusalem, Canada, Houston , Texas, Europe, Boston, Africa
Images By Tang Ming Tung | Digitalvision | Getty Images"This is clearly a function of inflation starting to come down," Terrazas said. 'Unprecedented' pay jumps during pandemicWage growth started to spike in 2021 as workers enjoyed the benefits of a hot job market. In some cases, workers' pay growth was strong enough to outrun inflation's impact — especially for those who quit their jobs for higher-paying gigs elsewhere. Meanwhile, wage growth has also declined but at a slower pace — translating to a net boost to Americans' financial well-being in May relative to last year. These data sets are more inclusive than that of wage growth.
Persons: Tang Ming Tung, Terrazas, Julia Pollak, Pollak, Mark Zandi, Aaron Terrazas, Zandi Organizations: ZipRecruiter, CPI, . Bureau, Moody's, Federal Reserve Bank of New Locations: U.S, Federal Reserve Bank of New York
Most economists expect another modest 10 bps LPR cut in the second half - on top of a 25 bps cut in banks' requirement ratio (RRR). The PROC last cut the RRR - the amount of cash that banks must hold as reserves -- in March, by 25 bps. Each 5 basis points LPR cut could reduce pre-tax profits of major banks by as much as 1.8%, China Merchants Securities said in a report. "A small rate cut is a useful painkiller for symptoms but cannot alleviate the real problem," said Gary Ng, Asia Pacific senior economist of Natixis. On Friday, China's cabinet discussed policy measures to support the economy.
Persons: COVID, NIM, Wang Yifeng, Wang, Gary Ng, China's, Zhang Ming, Zhang, Morgan Stanley, Kevin Yao, Ziyi Tang, Kripa Jayaram, Sumeet Chatterjee Organizations: People's Bank of China, Reuters, Everbright Securities, China Merchants Securities, Asia Pacific, stoke, Chinese Academy of Social Sciences, Thomson Locations: China, BEIJING, Beijing, Asia
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