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South China Morning Post Business3d05/24

Owners of Chinese mine where 82 died in blast accused of ‘serious violations’ of the law

The owners of a Chinese coal mine where at least 82 people were killed have been accused of “serious violations of the law” by the local government. As search and rescue operations continued through the night, Chen Xiangyang, the deputy party secretary of Changzhi in Shanxi province, said that all four mines operated by the Shanxi Tongzhou Group had been “immediately” ordered to suspend operations. “Preliminary assessment indicates serious legal violations by the coal mine enterprise involved...

china · asia · usa
South China Morning Post Business3d05/24

Hong Kong villager steps up ‘adopt a tree’ bid amid Northern Metropolis evictions

Ken Mak’s greatest wish before leaving his village in Hong Kong this month is to save the fruit trees planted by his grandfather before the bulldozers arrive. To give the trees in Yick Yuen Tsuen in Tuen Mun a second chance, he hit on an idea: tree adoption. Within a week, Mak had recorded the species, height and girth of 53 fruit trees at his family-run flower farm and a nearby church. He compiled the information and photographs into a catalogue and led people on tours to view the trees. So...

china · asia · usa
South China Morning Post Business3d05/24

Asia’s silver dividend can offset ageing’s economic toll

Population ageing is fast becoming a global phenomenon. Even regions currently enjoying youthful demographics will eventually undergo demographic transition – and this is increasingly relevant for developing countries too. Some Southeast Asian economies, Thailand and Vietnam among them, have already reached the intermediate stages of this transition. It has begun even in younger economies such as the Philippines, where the fertility rate has now fallen below replacement level. Conventional...

china · asia
South China Morning Post Business3d05/24

Mainland brands power Hong Kong retail recovery as F&B is joined by fashion and beauty

Hong Kong is likely to attract more mainland Chinese retail brands, but unlike the previous wave, non food and beverage (F&B) retailers are the ones ramping up their presence, according to analysts. The change in profile of mainland brands coming to Hong Kong is helping the city’s landlords fill vacant spaces amid an uneven recovery in the retail property market, according to JLL. In the first four months of the year, more than one fifth of new entrants in the city’s retail market were mainland.

china · asia
South China Morning Post Business3d05/24

Like Serbia, the EU should be open to partnership with China

As I return to China, I do so with an abiding sense of respect for a nation that has become one of Serbia’s most indispensable partners and a defining force of our century. In Europe, discussions about China are too often clouded by suspicion and strategic anxiety. I understand that every major political community must guard its future, but I believe Europe should approach China not with fear and suspicion but with confidence and a serious, open-eyed willingness to cooperate. Serbia has chosen..

china · asia · europe
South China Morning Post Business3d05/24

Is Hong Kong following Beijing’s lead and ousting Western tech?

Hong Kong’s technology infrastructure is undergoing a major transformation as local government and businesses replace Western products with domestic alternatives, driven by closer integration with mainland China and rising geopolitical risks, according to tech experts. US tech giants like Microsoft have long “served as the bedrock of Hong Kong’s digital landscape”, but that dominance is now being actively contested, particularly in the government sector, according to Francis Fong Po-kiu,...

china · asia · usa
South China Morning Post Business3d05/24

⁠Under-construction building collapses in Philippines, trapping workers

Nineteen people are feared trapped after a building under construction near Manila collapsed early on Sunday, a local government official said. Officials in Angeles City, around 80km (50 miles) north of the Philippine capital, said they had received a report at about 3am that an unfinished nine-storey concrete building had given way. City information officer Jay Pelayo said that the building’s walls and scaffolding had buckled, likely trapping people in a pile of debris. While there were no...

china · asia
South China Morning Post Business3d05/24

US Pax Silica hub plan hits Philippine sovereignty wall: ‘no special arrangement’

A US plan to build an “AI-native” industrial hub in the Philippines has highlighted the political sensitivities around Washington’s push to secure critical technology supply chains, after Manila rejected proposals for the zone to be governed by US laws or covered by diplomatic protections. Philippine officials said the planned economic security zone under Washington’s Pax Silica initiative would remain covered by local laws, clarifying that there would be “no special arrangement” for the...

china · asia · usa
Reddit r/investing3d05/24

Vanguard Wellesley Income Fund (VWIAX)

Hello everyone, The bond market has been uncertain and performance has been poor given various geopolitical and economic factors. The Wellesley fund has been affected to some extent since large portion of its bond holdings are corporate issuers. Do you think it's still worth keeping a large position within both taxable and tax deferred portfolios? If not, what are the good alternatives? I am in retirement and need passive income. Thank you. submitted by /u/jjha66 [link] [comments]

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Reddit r/Finanzen3d05/24⚠ war-conflict · 1/5

King of investment fools wanted - your worst (non-financial market) investment?

Ich suche Negativbeispiele, wie man es nicht machen sollte. Womit habt ihr mal versucht Geld zu verdienen, was ein kompletter Fail war? Meins war von der Summe her überschaubar, im Nachgang aber ziemlich dumm: Als ich 2024, mal wieder viel zu spät, an der Steuererklärung dran war, ist mir kurz vor der Abgabepflicht aufgefallen, dass ich es verpasst hatte, die aktuelle Aldi Steuer Software im Frühjahr zu kaufen. Also schnell mal bei Kleinanzeigen und eBay nach einem Code geschaut und was sehe ich

Socialgermany · europe
Reddit r/investing3d05/24

I feel like it’s very difficult to get a read on the AI trade… (chips, smh, intc, bubble)

I’ve had massive returns on SMH and INTC over the last x amount of months. I’m currently watching a documentary on the dot com bubble. I see a lot of similarities but also a lot of pretty poignant differences. Marvell and Dell are going to post their earnings this coming week - relevant because i’ve been trying to closely monitor the AI trade and these 2 seem to be the last reporting companies for last quarter’s earnings in regards to the AI trade. As of the last hyper-scalers earnings reports a

Socialtaiwan
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