Society

Five people aboard the Titan submersible, including OceanGate Expeditions CEO Stockton Rush, are believed to have been killed by an implosion that caused the submersible to go missing off the coast of Newfoundland. The shattered pieces of the submersible were transported to St. John’s harbor for investigation. The transportation safety boards of the US and …

Pieces of Titan Wreckage Taken Off Ship in St. John’s as Investigations Begin Read More »

Michelle Li, the 27-year-old granddaughter of Li Ka-shing, founder of CKH series companies, has been appointed as the manager of the corporate business development department of CK ASSET. She has begun taking over the family business and made her first public response to inquiries about the group’s acquisition projects in her new role. Read More: …

Li Ka-shing’s 27-yr-old Granddaughter Joins Listed Flagship Firm as CKH Series Plan Handover to 3rd Generation Read More »

The US Commerce Secretary, Gina Raimondo, said that the US won’t accept China’s ban on buying Micron Technology memory chips and is working with other countries to find a solution. Raimondo thinks that China’s action against Micron is not fair and is trying to force them to do something. China said that Micron didn’t pass …

US ‘Won’t Tolerate’ China’s Ban on Micron Chips, Commerce Secretary Says Read More »

China’s own passenger airplane, the C919, flew its first commercial flight on Sunday, carrying over 130 passengers from Shanghai to Beijing. The plane is made by a Chinese company called Comac and is part of China’s plan to make important things on their own and compete with companies in other countries. The C919 will fly …

C919 Makes Maiden Commercial Flight to Beijing Read More »

Giant panda Ya Ya has returned to China after living in a US zoo for 20 years amid controversy over her health and the US-China relationship. Panda lovers celebrated her return on social media, while critics accused the US of not taking proper care of the pandas. Ya Ya’s return comes after reports of her …

Millions of Chinese Welcome Ya Ya Panda Home After US Stay Read More »

WeChat has expanded the use of digital yuan payments to its short video and mini-app platforms.  This is part of China’s effort to increase the adoption of its official digital money, which is intended to complement existing payment methods and support anonymity for small-value transactions. Read More: https://thepaypers.com/cryptocurrencies/chinas-cbdc-takes-a-more-important-place-on-wechats-platform–1262412

Alibaba plans to divide into six major businesses, which may improve its cheap valuation and reduce regulatory pressure. Goldman Sachs has increased its target price and expects the restructuring to lead to several IPOs. Alibaba’s CEO said the restructuring will help the units respond quickly to the market amid intense competition. Read More: https://www.thestandard.com.hk/section-news/section/2/251171/Alibaba-break-up-will-unlock-value,-cut-risk

Lawmakers questioned regulators about the failures of Silicon Valley Bank and Signature Bank and the steps needed to avoid future financial collapses. Regulators blamed the banks for poor management and lawmakers want executives punished if they did anything improper. The hearing marks the beginning of an inquiry into what went wrong. Read More: https://decrypt.co/117594/ftx-sam-bankman-fried-extradited-us-today-reports

China sent officials to Yichun to supervise local mining after reports of people extracting lepidolite to sell. It is because it causes environmental damage and exploitation without a license. The city government will crack down on crimes involving the lithium battery and new-energy industries. Read More: https://www.globaltimes.cn/page/202302/1286257.shtml

China wants more babies since the population started shrinking for the first time in six decades. Hangzhou will give new parents $2,900 for having a third child this year. However, many Chinese millennials are not getting married in the first place due to a variety of reasons like costs and personal choices. Read More: https://www.businessinsider.com/china-cities-hangzhou-subsidies-marriage-leave-boost-birth-rate-population-2023-2