Society

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

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 …

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

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 »

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

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 …

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Carri Insights China's CBDC Takes a More Important Place on WeChat's Platform

China’s CBDC Takes a More Important Place on WeChat’s Platform

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

Carri Insights Alibaba break-up will unlock value, cut risk

Alibaba Break-Up Will Unlock Value, Cut Risk

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

Carri Insights Silicon Valley Bank Hearing Takeaways a blame game, but few solutions

Silicon Valley Bank Hearing Takeaways: a Blame Game, but Few Solutions

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

Carri Insights A Chinese city is offering couples subsidy to help boost the birth rate

A Chinese City is Offering Couples Subsidy to Help Boost the Birth Rate

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