Alibaba backtracks and Altman speaks

Howdy, that is Kenji from Hong Kong. Tencent Holdings, probably the most priceless mainland Chinese language listed firm, got here underneath the highlight this week in an sudden method — by way of an Instagram put up by Agnes Chow, a outstanding Hong Kong pro-democracy activist. Chow mentioned in a put up late Sunday evening that she had been compelled …

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Labour former minister says he does not feel safe as a gay man in the UK anymore

A Labour former minister has stated he doesn’t really feel protected as a homosexual man within the UK anymore. Sir Chris Bryant stated rhetoric utilized by equalities minister Kemi Badenoch within the Commons had contributed to his security considerations. Talking after the ladies and equalities minister gave a press release on gender recognition reforms, Sir Chris stated: “I really feel …

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A Chinese Tesla rival, backed by Warren Buffett, is buying back its own shares to stop a stock-market slump

The BYD Seagull.Aly Tune/Reuters BYD, a Tesla rival, is shopping for again round $28 million of its shares, per a stock-exchange submitting. The corporate is near overtaking Elon Musk’s firm because the world’s prime vendor of EVs. However its inventory value has tumbled 22% this 12 months, dragged down by China’s faltering financial system. BYD, a Chinese language EV maker …

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EU leaders in China for summit with high stakes but low expectations

The bloc says it hopes Thursday’s conferences between the EU chiefs Charles Michel and Ursula Von Der Leyen and Beijing’s high brass will provide an opportunity to debate areas of widespread curiosity like local weather change and well being (Kenzo TRIBOUILLARD) European leaders will meet their Chinese language counterparts in Beijing on Thursday for talks dominated by divisions between the …

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Container ship crashes in Suez Canal

One Orpheus – Andreas Hoppe A container ship has crashed right into a bridge within the Suez Canal, the important commerce route between Asia and Europe. The container ship One Orpheus misplaced management of its steering and collided with the bridge, the Suez Canal Authority stated. A spokesman for the authority insisted that site visitors within the commerce route in …

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Sean ‘Diddy’ Combs accused of gang rape and sex trafficking in new lawsuit

A fourth girl has accused Sean “Diddy” Combs of sexual assault, alleging in a lawsuit that she was gang raped and intercourse trafficked by the music mogul, together with Harve Pierre, a former longtime president of his document label, and an unnamed particular person. The girl, recognized within the swimsuit solely as Jane Doe, alleges that the assault occurred in …

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‘If Something Is Really Cheap, Even Though It’s A Crappy Company, I’m Willing To Consider Buying It’

In one among his final public appearances, Charlie Munger mentioned a variety of funding matters, together with his method to worth investing. Munger, Warren Buffett’s long-time enterprise accomplice who died on Nov. 28, shared his insights on the Acquired Podcast. Recognized for his frank and easy type, Munger drew from the teachings of Benjamin Graham, the pioneer of worth investing. …

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SNP must end powersharing deal with Greens, says ex-leadership hopeful Forbes

The SNP ought to drop its powersharing settlement with the Scottish Greens and govern as a minority occasion at Holyrood, Kate Forbes has mentioned. The previous SNP management contender blamed the Greens’ insurance policies for the Scottish Authorities shedding assist, saying they wish to “over-regulate” rural communities. Ms Forbes has beforehand mentioned the SNP ought to “verify in” with its …

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Tax credits for Tesla Model 3 and other EVs slashed starting next year

New guidelines proposed by the Division of Power (DOE) might imply diminished and even no federal tax credit score for electrical automobiles made in North America, if their batteries include elements from locations like China. Broadly talking, the federal EV tax credit score is supposed to ensure US automakers are sourcing battery elements and supplies from firms situated in US …

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