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News Slideshows (01/23/2020 - #vlrPhone #vlrFilter)


  • 1/27   News Photos Slideshows
    PEOPLE TOPIC NEWS

    News Photos Slideshows - Hot Trends - Click on the image to view in augmented reality or in stereo 3D

    News Photos Slideshows - Hot Trends - Click on the image to view in augmented reality or in stereo 3D


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  • 2/27   Press Review #3d #audio
    TECHNOLOGY TOPIC NEWS

    

 - Sennheiser brings Ambeo 3D audio to cars with Continental sound systems - Engadget   More Information - How to play HD and 3D music on the Amazon Echo Studio - Android Central   More Information - PlayStation 5 3D Audio Feature, A Massive Leap For Gaming's Audio Technology - International Business Times   More Information - How virtual 3D sound will amp up 2020 soundbars—even the cheap ones - TechHive   More Information - Patent for 3D audio system suggests Apple could bring augmented reality to MacBook computers - Daily Mail   More Information - Chinese podcasting and audio content app Lizhi debuts on Nasdaq - TechCrunch   More Information - Waves Unveils a Theater Sound Experience at CES 2020 with the Debut of Nx® Speakers, Breakthrough 3D Audio Technology - PRNewswire   More Information - Best gaming headsets (January 2020) - Android Authority   More Information - PS5 Ray Tracing, Haptic Feedback, SSD, 3D Audio, and Ultra HD Re-Confirmed At CES 2020 - PlayStation Universe   More Information - Best Amazon Echo and Alexa Speakers (2020): Which Models Are Best? - WIRED   More Information - PS5 Likely To Have 3D Audio Feature - Animated Times   More Information - HSMAI recognizes Brand USA's marketing campaigns as best-in-class with eight Adrian Awards and names chief marketing officer as a top marketer - Salamanca Press   More Information - Audio explainer: Exploring the fields of bioprinting and biohybrid materials - MIT News   More Information - 3D Audio Market | Latest Innovations, Drivers and Industry Key Events 2018 – 2026 – Dagoretti News - Dagoretti News   More Information - Creative Super X-Fi: Immersive 3D Audio You Won't Want to Miss - MakeUseOf   More Information - Best Sonos Alternatives in 2020 - Android Central   More Information - First smart speaker with 3D Audio – Amazon Echo Studio Review - Craving Tech   More Information - Speakerless Audio System Saves Space, Increases Design Freedom - Electronic Design   More Information - Audio Everywhere: The Rise of Consumer Music Hardware - Radio & Television Business Report   More Information - Nebula Cosmos Max turns your living room into a 4K Cinema with 3D Audio - gizmochina   More Information


Did you see the #crowdfunding campaign that @whmsoft will start? #tailored #3d #vr #audio.
Please share and comment. Campaign link:



vlrFilter Project #kickstarter

    - Sennheiser brings Ambeo 3D audio to cars with Continental sound systems - Engadget
       More Information

    - How to play HD and 3D music on the Amazon Echo Studio - Android Central
       More Information

    - PlayStation 5 3D Audio Feature, A Massive Leap For Gaming's Audio Technology - International Business Times
       More Information

    - How virtual 3D sound will amp up 2020 soundbars—even the cheap ones - TechHive
       More Information

    - Patent for 3D audio system suggests Apple could bring augmented reality to MacBook computers - Daily Mail
       More Information

    - Chinese podcasting and audio content app Lizhi debuts on Nasdaq - TechCrunch
       More Information

    - Waves Unveils a Theater Sound Experience at CES 2020 with the Debut of Nx® Speakers, Breakthrough 3D Audio Technology - PRNewswire
       More Information

    - Best gaming headsets (January 2020) - Android Authority
       More Information

    - PS5 Ray Tracing, Haptic Feedback, SSD, 3D Audio, and Ultra HD Re-Confirmed At CES 2020 - PlayStation Universe
       More Information

    - Best Amazon Echo and Alexa Speakers (2020): Which Models Are Best? - WIRED
       More Information

    - PS5 Likely To Have 3D Audio Feature - Animated Times
       More Information

    - HSMAI recognizes Brand USA's marketing campaigns as best-in-class with eight Adrian Awards and names chief marketing officer as a top marketer - Salamanca Press
       More Information

    - Audio explainer: Exploring the fields of bioprinting and biohybrid materials - MIT News
       More Information

    - 3D Audio Market | Latest Innovations, Drivers and Industry Key Events 2018 – 2026 – Dagoretti News - Dagoretti News
       More Information

    - Creative Super X-Fi: Immersive 3D Audio You Won't Want to Miss - MakeUseOf
       More Information

    - Best Sonos Alternatives in 2020 - Android Central
       More Information

    - First smart speaker with 3D Audio – Amazon Echo Studio Review - Craving Tech
       More Information

    - Speakerless Audio System Saves Space, Increases Design Freedom - Electronic Design
       More Information

    - Audio Everywhere: The Rise of Consumer Music Hardware - Radio & Television Business Report
       More Information

    - Nebula Cosmos Max turns your living room into a 4K Cinema with 3D Audio - gizmochina
       More Information


    Did you see the #crowdfunding campaign that @whmsoft will start? #tailored #3d #vr #audio. Please share and comment. Campaign link:

    WhmSoft

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  • 3/27   PHOTOS: Fluorescent turtle embryo wins forty-fifth annual Nikon Small World Competition

    The winners of the 45th annual competition showcase a spectacular blend of science and artistry under the microscope.

    The winners of the 45th annual competition showcase a spectacular blend of science and artistry under the microscope.


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  • 4/27   7 tax scams to watch out for this year

    In case wringing your hands over the tax man weren’t enough, criminals are out there trying to swipe your hard-earned cash and personal information from right under your nose.

    In case wringing your hands over the tax man weren’t enough, criminals are out there trying to swipe your hard-earned cash and personal information from right under your nose.


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  • 5/27   Mother Angry After School's Robocall Keeps Mispronouncing Daughter's Name As A Racial Slur

    The daughter's name is Nicarri.

    The daughter's name is Nicarri.


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  • 6/27   What the CIA thinks of your anti-virus program

    PARIS (AP) — Peppering the 8,000 pages of purported Central Intelligence Agency hacking data released Tuesday by WikiLeaks are reviews of some of the world's most popular anti-virus products.

    PARIS (AP) — Peppering the 8,000 pages of purported Central Intelligence Agency hacking data released Tuesday by WikiLeaks are reviews of some of the world's most popular anti-virus products.


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  • 7/27   Avowed Apple Fan Jeb Bush Realizes His Apple Watch Can Take Phone Calls

    Jeb Bush's love of Apple products has been widely documented, and the Republican presidential candidate continues to wear his Apple Watch on the campaign trail. Yesterday, in a meeting with The Des Moines Register editorial board documented by USA Today, Bush stumbled upon a feature he didn’t realize his smartwatch was capable of: taking phone calls. Somehow Bush managed to take a call without picking up his iPhone, and the sound of a person’s voice saying hello breaks through the meeting noise, to which Bush responds, “My watch can’t be talking.”

    Jeb Bush's love of Apple products has been widely documented, and the Republican presidential candidate continues to wear his Apple Watch on the campaign trail. Yesterday, in a meeting with The Des Moines Register editorial board documented by USA Today, Bush stumbled upon a feature he didn’t realize his smartwatch was capable of: taking phone calls. Somehow Bush managed to take a call without picking up his iPhone, and the sound of a person’s voice saying hello breaks through the meeting noise, to which Bush responds, “My watch can’t be talking.”


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  • 8/27   Social media welcomes Pope Francis to the United States

    Pope Francis gets the social media treatment upon arriving in the U.S. Tuesday.  As Pope Francis’s flight touched down in Washington, D.C. on Tuesday, Twitter unveiled a new batch of emojis created for the highly anticipated papal visit.  Until his departure from the United States on Sunday, Twitter users chronicling the Catholic leader’s East Coast journey will be able to include a cartoon image of the Pope’s face in front of the American flag on all Pope-related tweets by using the hashtag #PopeinUS.

    Pope Francis gets the social media treatment upon arriving in the U.S. Tuesday. As Pope Francis’s flight touched down in Washington, D.C. on Tuesday, Twitter unveiled a new batch of emojis created for the highly anticipated papal visit. Until his departure from the United States on Sunday, Twitter users chronicling the Catholic leader’s East Coast journey will be able to include a cartoon image of the Pope’s face in front of the American flag on all Pope-related tweets by using the hashtag #PopeinUS.


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  • 9/27   Merkel Ally Urges Germany to Speed Up Its Spending: Davos Update
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.The rich and powerful are in Davos, Switzerland, for the World Economic Forum’s 50th annual meeting, and the gathering is being closely watched to see how the global elite aims to tackle problems they helped create, above all climate change.Angela Merkel will speak this afternoon as the Group of Seven’s longest-serving leader runs out of time to reset the German economy before her era as chancellor draws to a close. Meanwhile, Italian Prime Minister Giuseppe Conte canceled his trip after the resignation of the leader of the biggest party in his ruling coalition triggered turmoil in Rome. Conte had been due to speak at 4 p.m. local time.To get all the highlights delivered to your inbox, sign up for the Davos Diary newsletter. Here’s the latest (time-stamps are local time in Davos):Merkel Succession Team to Be Decided This Year (8:42 a.m.)Germany’s Christian Democrats want to assemble their team to succeed Chancellor Merkel by the end of this year, the party’s chairwoman said in a Bloomberg TV interview.Annegret Kramp-Karrenbauer, who is also Merkel’s defense minister, said that now isn’t the time for a cabinet reshuffle as proposed by a party ally earlier in the month.“For 2021, the CDU needs a new team for the future, with new faces, and we’ll put that in place this year. For me, that’s a more important perspective than a short-term change,” she said.Debt Buildup Reaching Danger Point: Georgieva (8:40 a.m.)IMF Managing Director Kristalina Georgieva warned that debt in some countries is at dangerous levels.“The buildup of debt is reaching a point where for some borrowers it’s a present danger -- for example poorer countries,” Georgieva told Bloomberg TV. “43% of low income countries are already at or close to debt distress.”Low interest rates “means high, high appetite for yield,” Georgieva said, adding that “high appetite for yield means high appetite for risk.”The global economy is in a better place than in October, when the IMF published its latest forecasts, and central banks have done what they can to support growth so it’s up to governments to step up, Georgieva said.Siemens Urges Deeper Globalization (8:28 a.m.)Globalization needs to advance, as nationalist retrenchment would be a giant step backward for industrial companies, according to Siemens AG Chief Executive Officer Joe Kaeser.“We better find a way or the fourth industrial revolution is not happening and we have decoupling instead and go back to the stone age of productivity,” Kaeser said in a Bloomberg TV interview.The company’s biggest markets are the U.S., China and Germany respectively, which Kaeser said might make it look like he’s stuck in the middle of several trade wars, but the company’s heavy localization has so far protected Siemens.Time Rapidly Running Out on Climate, Kerry Says (8:20 a.m.)U.S. Senator John Kerry warned that time is very rapidly running out to tackle climate change and blamed both the U.S. and China for a lack of progress.“We are missing years, and we don’t have years,” Kerry said . “We are not getting the job done.”Kerry said that scientists have given the world a decade to resolve the problem, urging financiers and business leaders to direct their money toward renewable energy sources.“China is having it both ways: they are exporting their solar panels industry and at the same time they are the largest coal user,” Kerry said. “China and the U.S. are 45% of emissions.”Germany Must Spend Cash More Quickly: AKK (8 a.m.)Germany needs to speed up the process of spending government funds, and surplus cash should be invested “sensibly” in infrastructure and the military, according to German Defense Minister Kramp-Karrenbauer.“If we look at our budget and our investment right now, then we see that we have no problem with money, we have enough money,” Kramp-Karrenbauer, who is also the head of Chancellor Merkel’s party, said in an interview with Bloomberg TV.“The problem is that we are too slow and too complicated in the process. Not enough is invested as a result and this is the construction site we need to work on,” she said.Merkel’s government agrees that surpluses “shouldn’t be tucked away for a rainy day” but instead directed toward “investment in technologies of the future, in our infrastructure,” Kramp-Karrenbauer added.Coronavirus Only ‘Real Threat’ to Markets: Prince Max (7:45 a.m.)There is nothing “really threatening” on the horizon for markets, with the possible exception of the coronavirus, according to Prince Max von und zu Liechtenstein, chief executive officer of LGT Group Foundation.“I think there is a little bit more downside risk than upside chances,” Prince Max said in an interview with Bloomberg TV. “But the market has been resistant so hopefully we will enjoy a good market for a little bit longer.”LGT is hoping for the long-term trend of negative rates to eventually reverse, Prince Max added. “But realistically our expectations for this year for a significant rate change is not there,” he said. “So we are not too optimistic on that front.”Turkish Guidance Intact After ‘Deep’ Rate Cuts (7:30 a.m.)Turkey’s central bank is standing by its promise of a positive real rate of return to investors despite five interest-rate cuts that Governor Murat Uysal conceded “were a bit deep.”Speaking in interviews with Turkish TV in Davos, Uysal said returns will run above zero based on the projected path of slowing inflation. The governor also downplayed concerns that the lack of a buffer against market sell-offs could now present a threat by saying the country has had negative real rates in the past.“Our interest rates steps in 2019 were a bit deep,” Uysal said. “I can say that we have entered a period in which we need to fine-tune inflation and monetary policy.Sanctioned Deripaska Returns to Talk Climate (6 a.m.)Two years after being sanctioned by the U.S. government, billionaire Oleg Deripaska is back among the global elite.The tycoon, who used to be regular at Davos and known for throwing extravagant parties, echoed the climate change message from activist Greta Thunberg and said not enough is being done to stop global warming.“Until payments are imposed for CO2, nothing in the world will change,” he said by phone from Switzerland. “All this talk at Davos about climate change is just words. In reality, nobody’s doing anything.”Thursday Highlights10:15 a.m. | European Growth panel with Deutsche Bank CEO Christian Sewing and Italian Finance Minister Roberto Gualtieri2:15 p.m. | German Chancellor Angela Merkel gives special address2:30 p.m. | Green New Deal panel with Dutch Prime Minister Mark Rutte and Greek Prime Minister Kyriakos Mitsotakis2:30 p.m. | Future of Energy panel with Saudi Aramco CEO Amin H. Nasser and Siemens CEO Joe KaeserBe on the lookout for Bloomberg Television’s interviews with:UBS CEO Sergio ErmottiGoldman Sachs CEO David SolomonU.S. Commerce Secretary Wilbur RossGerman Defense Minister Annegret Kramp-KarrenbauerIMF Managing Director Kristalina GeorgievaSiemens CEO KaeserSingapore Prime Minister Lee Hsien LoongMoelis founder Ken MoelisWednesday Catch UpThe ocean between us | To the banking titans gathered at Davos, the trans-Atlantic divide is growing ever wider: Looking to expand their footprint, U.S. financial chiefs expressed nothing but optimism. The Europeans, meanwhile, were stuck grimly wrestling with the headwinds that have held them back for the past decade.CO2 stress | The bosses of some of the world’s biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos on Wednesday, a sign of how much pressure they’re under from activists and investors to address climate change. Meanwhile, Qatar’s sovereign wealth fund plans to shift into greener assets in response to investor demand.Climate challenge | Bank of England Governor Mark Carney warned of mounting risks to the financial sector and the economy from climate change, and urged the U.S. to play bigger role. Here are the highlights of what top investors, executives and politicians in Davos have to say about climate change.Bust up | Bob Prince, who helps oversee the world’s biggest hedge fund at Bridgewater Associates, says the boom-bust economic cycle is over.‘More profound than fire or electricity’ | Google’s chief executive officer has left no doubt in how important he thinks artificial intelligence will be to humanity: “AI is one of the most profound things we’re working on as humanity.”Speed read | Renault’s chairman dismissed talks of changing the shareholding structure of the alliance with Nissan | Singapore Prime Minister Lee Hsien Loong said Asia is at a turning point | Cargill CEO said he is concerned about exports of U.S. agricultural goods | China’s securities regulator is looking at the potential to raise the cap on foreign ownership | Barclays is sticking with its strategy | Listing Saudi Aramco shares abroad is “still on the cards.”\--With assistance from John Follain, Birgit Jennen, Craig Stirling, Cagan Koc, Yuliya Fedorinova, Javier Blas, Fergal O'Brien, Oliver Sachgau and Patrick Donahue.To contact the reporters on this story: Iain Rogers in Berlin at irogers11@bloomberg.net;Chris Reiter in Berlin at creiter2@bloomberg.netTo contact the editors responsible for this story: Chad Thomas at cthomas16@bloomberg.net;Simon Kennedy at skennedy4@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.The rich and powerful are in Davos, Switzerland, for the World Economic Forum’s 50th annual meeting, and the gathering is being closely watched to see how the global elite aims to tackle problems they helped create, above all climate change.Angela Merkel will speak this afternoon as the Group of Seven’s longest-serving leader runs out of time to reset the German economy before her era as chancellor draws to a close. Meanwhile, Italian Prime Minister Giuseppe Conte canceled his trip after the resignation of the leader of the biggest party in his ruling coalition triggered turmoil in Rome. Conte had been due to speak at 4 p.m. local time.To get all the highlights delivered to your inbox, sign up for the Davos Diary newsletter. Here’s the latest (time-stamps are local time in Davos):Merkel Succession Team to Be Decided This Year (8:42 a.m.)Germany’s Christian Democrats want to assemble their team to succeed Chancellor Merkel by the end of this year, the party’s chairwoman said in a Bloomberg TV interview.Annegret Kramp-Karrenbauer, who is also Merkel’s defense minister, said that now isn’t the time for a cabinet reshuffle as proposed by a party ally earlier in the month.“For 2021, the CDU needs a new team for the future, with new faces, and we’ll put that in place this year. For me, that’s a more important perspective than a short-term change,” she said.Debt Buildup Reaching Danger Point: Georgieva (8:40 a.m.)IMF Managing Director Kristalina Georgieva warned that debt in some countries is at dangerous levels.“The buildup of debt is reaching a point where for some borrowers it’s a present danger -- for example poorer countries,” Georgieva told Bloomberg TV. “43% of low income countries are already at or close to debt distress.”Low interest rates “means high, high appetite for yield,” Georgieva said, adding that “high appetite for yield means high appetite for risk.”The global economy is in a better place than in October, when the IMF published its latest forecasts, and central banks have done what they can to support growth so it’s up to governments to step up, Georgieva said.Siemens Urges Deeper Globalization (8:28 a.m.)Globalization needs to advance, as nationalist retrenchment would be a giant step backward for industrial companies, according to Siemens AG Chief Executive Officer Joe Kaeser.“We better find a way or the fourth industrial revolution is not happening and we have decoupling instead and go back to the stone age of productivity,” Kaeser said in a Bloomberg TV interview.The company’s biggest markets are the U.S., China and Germany respectively, which Kaeser said might make it look like he’s stuck in the middle of several trade wars, but the company’s heavy localization has so far protected Siemens.Time Rapidly Running Out on Climate, Kerry Says (8:20 a.m.)U.S. Senator John Kerry warned that time is very rapidly running out to tackle climate change and blamed both the U.S. and China for a lack of progress.“We are missing years, and we don’t have years,” Kerry said . “We are not getting the job done.”Kerry said that scientists have given the world a decade to resolve the problem, urging financiers and business leaders to direct their money toward renewable energy sources.“China is having it both ways: they are exporting their solar panels industry and at the same time they are the largest coal user,” Kerry said. “China and the U.S. are 45% of emissions.”Germany Must Spend Cash More Quickly: AKK (8 a.m.)Germany needs to speed up the process of spending government funds, and surplus cash should be invested “sensibly” in infrastructure and the military, according to German Defense Minister Kramp-Karrenbauer.“If we look at our budget and our investment right now, then we see that we have no problem with money, we have enough money,” Kramp-Karrenbauer, who is also the head of Chancellor Merkel’s party, said in an interview with Bloomberg TV.“The problem is that we are too slow and too complicated in the process. Not enough is invested as a result and this is the construction site we need to work on,” she said.Merkel’s government agrees that surpluses “shouldn’t be tucked away for a rainy day” but instead directed toward “investment in technologies of the future, in our infrastructure,” Kramp-Karrenbauer added.Coronavirus Only ‘Real Threat’ to Markets: Prince Max (7:45 a.m.)There is nothing “really threatening” on the horizon for markets, with the possible exception of the coronavirus, according to Prince Max von und zu Liechtenstein, chief executive officer of LGT Group Foundation.“I think there is a little bit more downside risk than upside chances,” Prince Max said in an interview with Bloomberg TV. “But the market has been resistant so hopefully we will enjoy a good market for a little bit longer.”LGT is hoping for the long-term trend of negative rates to eventually reverse, Prince Max added. “But realistically our expectations for this year for a significant rate change is not there,” he said. “So we are not too optimistic on that front.”Turkish Guidance Intact After ‘Deep’ Rate Cuts (7:30 a.m.)Turkey’s central bank is standing by its promise of a positive real rate of return to investors despite five interest-rate cuts that Governor Murat Uysal conceded “were a bit deep.”Speaking in interviews with Turkish TV in Davos, Uysal said returns will run above zero based on the projected path of slowing inflation. The governor also downplayed concerns that the lack of a buffer against market sell-offs could now present a threat by saying the country has had negative real rates in the past.“Our interest rates steps in 2019 were a bit deep,” Uysal said. “I can say that we have entered a period in which we need to fine-tune inflation and monetary policy.Sanctioned Deripaska Returns to Talk Climate (6 a.m.)Two years after being sanctioned by the U.S. government, billionaire Oleg Deripaska is back among the global elite.The tycoon, who used to be regular at Davos and known for throwing extravagant parties, echoed the climate change message from activist Greta Thunberg and said not enough is being done to stop global warming.“Until payments are imposed for CO2, nothing in the world will change,” he said by phone from Switzerland. “All this talk at Davos about climate change is just words. In reality, nobody’s doing anything.”Thursday Highlights10:15 a.m. | European Growth panel with Deutsche Bank CEO Christian Sewing and Italian Finance Minister Roberto Gualtieri2:15 p.m. | German Chancellor Angela Merkel gives special address2:30 p.m. | Green New Deal panel with Dutch Prime Minister Mark Rutte and Greek Prime Minister Kyriakos Mitsotakis2:30 p.m. | Future of Energy panel with Saudi Aramco CEO Amin H. Nasser and Siemens CEO Joe KaeserBe on the lookout for Bloomberg Television’s interviews with:UBS CEO Sergio ErmottiGoldman Sachs CEO David SolomonU.S. Commerce Secretary Wilbur RossGerman Defense Minister Annegret Kramp-KarrenbauerIMF Managing Director Kristalina GeorgievaSiemens CEO KaeserSingapore Prime Minister Lee Hsien LoongMoelis founder Ken MoelisWednesday Catch UpThe ocean between us | To the banking titans gathered at Davos, the trans-Atlantic divide is growing ever wider: Looking to expand their footprint, U.S. financial chiefs expressed nothing but optimism. The Europeans, meanwhile, were stuck grimly wrestling with the headwinds that have held them back for the past decade.CO2 stress | The bosses of some of the world’s biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos on Wednesday, a sign of how much pressure they’re under from activists and investors to address climate change. Meanwhile, Qatar’s sovereign wealth fund plans to shift into greener assets in response to investor demand.Climate challenge | Bank of England Governor Mark Carney warned of mounting risks to the financial sector and the economy from climate change, and urged the U.S. to play bigger role. Here are the highlights of what top investors, executives and politicians in Davos have to say about climate change.Bust up | Bob Prince, who helps oversee the world’s biggest hedge fund at Bridgewater Associates, says the boom-bust economic cycle is over.‘More profound than fire or electricity’ | Google’s chief executive officer has left no doubt in how important he thinks artificial intelligence will be to humanity: “AI is one of the most profound things we’re working on as humanity.”Speed read | Renault’s chairman dismissed talks of changing the shareholding structure of the alliance with Nissan | Singapore Prime Minister Lee Hsien Loong said Asia is at a turning point | Cargill CEO said he is concerned about exports of U.S. agricultural goods | China’s securities regulator is looking at the potential to raise the cap on foreign ownership | Barclays is sticking with its strategy | Listing Saudi Aramco shares abroad is “still on the cards.”\--With assistance from John Follain, Birgit Jennen, Craig Stirling, Cagan Koc, Yuliya Fedorinova, Javier Blas, Fergal O'Brien, Oliver Sachgau and Patrick Donahue.To contact the reporters on this story: Iain Rogers in Berlin at irogers11@bloomberg.net;Chris Reiter in Berlin at creiter2@bloomberg.netTo contact the editors responsible for this story: Chad Thomas at cthomas16@bloomberg.net;Simon Kennedy at skennedy4@bloomberg.netFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 10/27   adidas Celebrates Chinese New Year with New Collection Launch
    TECHNOLOGY TOPIC NEWS

    As the 2020 Chinese New Year approaches, adidas, the world-renowned creator sports brand, is celebrating CNY with a new collection launch. The CNY collection offers a variety of products across adidas Sport Performance and adidas Originals.

    As the 2020 Chinese New Year approaches, adidas, the world-renowned creator sports brand, is celebrating CNY with a new collection launch. The CNY collection offers a variety of products across adidas Sport Performance and adidas Originals.


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  • 11/27   State Bank Chair Says Yes Bank ‘Will Not Be Allowed to Fail’
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- The head of India’s biggest lender said he’s certain “some solutions will emerge” to steady Yes Bank Ltd., which has been on a prolonged quest to raise new capital.“Yes Bank is a significant player in the market with an almost $40 billion balance sheet,” State Bank of India Chairman Rajnish Kumar told Bloomberg Television in Davos. “I have a feeling that it will not be allowed to fail,” he added.Kumar’s statement follows speculation that the government, which controls State Bank of India, may ask the lender to play a role in bailiing out the private-sector Yes Bank. However, last month Kumar said it was “out of the question that SBI will do anything for Yes Bank.”Yes Bank’s shares rose as much as 8% in Mumbai on Thursday, paring the past year’s drop to 79%. The lender has been plagued by worries about its asset quality and uncertainty about its efforts to raise new capital. It’s trying to shore up a core equity capital ratio that’s barely above a regulatory minimum of 8%.“Further prolonging the capital raise could create panic among credit investors, potentially causing unwanted liquidity pressure for the bank,” Bloomberg Intelligence analyst Diksha Gera wrote in a report.Kumar said it won’t be good for India’s economy as a whole if Yes Bank were to fail. “Because a bank of that size, if it is allowed to fail, there’s a problem,” he said. “And I am sure that some solutions will emerge.”(Updates with shares in fourth paragraph)To contact the reporters on this story: Jeanette Rodrigues in Mumbai at jrodrigues26@bloomberg.net;Haslinda Amin in Singapore at hamin1@bloomberg.netTo contact the editors responsible for this story: Arijit Ghosh at aghosh@bloomberg.net, Marcus WrightFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- The head of India’s biggest lender said he’s certain “some solutions will emerge” to steady Yes Bank Ltd., which has been on a prolonged quest to raise new capital.“Yes Bank is a significant player in the market with an almost $40 billion balance sheet,” State Bank of India Chairman Rajnish Kumar told Bloomberg Television in Davos. “I have a feeling that it will not be allowed to fail,” he added.Kumar’s statement follows speculation that the government, which controls State Bank of India, may ask the lender to play a role in bailiing out the private-sector Yes Bank. However, last month Kumar said it was “out of the question that SBI will do anything for Yes Bank.”Yes Bank’s shares rose as much as 8% in Mumbai on Thursday, paring the past year’s drop to 79%. The lender has been plagued by worries about its asset quality and uncertainty about its efforts to raise new capital. It’s trying to shore up a core equity capital ratio that’s barely above a regulatory minimum of 8%.“Further prolonging the capital raise could create panic among credit investors, potentially causing unwanted liquidity pressure for the bank,” Bloomberg Intelligence analyst Diksha Gera wrote in a report.Kumar said it won’t be good for India’s economy as a whole if Yes Bank were to fail. “Because a bank of that size, if it is allowed to fail, there’s a problem,” he said. “And I am sure that some solutions will emerge.”(Updates with shares in fourth paragraph)To contact the reporters on this story: Jeanette Rodrigues in Mumbai at jrodrigues26@bloomberg.net;Haslinda Amin in Singapore at hamin1@bloomberg.netTo contact the editors responsible for this story: Arijit Ghosh at aghosh@bloomberg.net, Marcus WrightFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 12/27   Here’s why SNP Schneider-Neureither & Partner SE’s (ETR:SHF) Returns On Capital Matters So Much
    TECHNOLOGY TOPIC NEWS

    Today we'll look at SNP Schneider-Neureither & Partner SE (ETR:SHF) and reflect on its potential as an investment. In...

    Today we'll look at SNP Schneider-Neureither & Partner SE (ETR:SHF) and reflect on its potential as an investment. In...


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  • 13/27   Trip.com Group CEO meets with Italian Minister for Culture and Tourism
    TECHNOLOGY TOPIC NEWS

    Trip.com Group CEO Jane Sun recently met with Italian Minister for Culture and Tourism Mr. Dario Franceschini in the capital of Rome to discuss opportunities for further collaboration in the tourism sector.

    Trip.com Group CEO Jane Sun recently met with Italian Minister for Culture and Tourism Mr. Dario Franceschini in the capital of Rome to discuss opportunities for further collaboration in the tourism sector.


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  • 14/27   Ping An Presents Poverty Alleviation Model at Davos Forum on Sustainable Development
    TECHNOLOGY TOPIC NEWS

    Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:2318; SSE:601318) presented its smart poverty alleviation model and its environmental, social and governance (ESG) management system at the World Economic Forum Annual Meeting 2020 in Davos.

    Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An" or the "Group", HKEx:2318; SSE:601318) presented its smart poverty alleviation model and its environmental, social and governance (ESG) management system at the World Economic Forum Annual Meeting 2020 in Davos.


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  • 15/27   Does Changmao Biochemical Engineering Company Limited's (HKG:954) CEO Pay Reflect Performance?
    TECHNOLOGY TOPIC NEWS

    The CEO of Changmao Biochemical Engineering Company Limited (HKG:954) is Chun Pan. First, this article will compare...

    The CEO of Changmao Biochemical Engineering Company Limited (HKG:954) is Chun Pan. First, this article will compare...


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  • 16/27   Don't Sell Stadlauer Malzfabrik Aktiengesellschaft (VIE:STM) Before You Read This
    TECHNOLOGY TOPIC NEWS

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...


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  • 17/27   Alarm Over Virus Pushing Down Oil in Market Awash With Supply
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Oil extended declines from the lowest close in seven weeks on speculation China’s coronavirus outbreak may dent demand as the market tackles a glut of global crude supplies.Futures lost 1.7% in New York as Chinese officials halted travel from Wuhan, the city at the epicenter of the outbreak. U.S. industry data signaled American crude stockpiles expanded further after Goldman Sachs Group Inc. warned that the virus may lead to a hit to oil demand. Concerns over the virus also weighed on broader market sentiment with Asian stocks declining.Oil is bearing the brunt of the anxiety due to the potential hit to travel, especially as it’s happening just before the Lunar New Year holidays, the biggest human migration in the world. The International Energy Agency says the world is “awash with oil,” while Goldman predicts the virus may crimp global demand by 260,000 barrels a day this year, with jet fuel accounting for around two-thirds of the loss, if the SARS epidemic in 2003 is any guide.“The fear of a coronavirus pandemic depressing oil demand by curbing travel and trade is a real one,” said Vandana Hari, founder of industry consultant Vanda Insights in Singapore. Until there is word from the World Health Organization on whether to declare the outbreak an international emergency, “cautious selling will likely prevail,” she said.West Texas Intermediate futures for March delivery fell 99 cents to $55.75 a barrel on the New York Mercantile Exchange as of 7:27 a.m. in London after dropping as much as 2.1% earlier. The contract lost 2.8% on Wednesday. Brent futures declined by 91 cents, or 1.4%, to $62.30.See also: Nodding Donkeys May Hit Sale Block Amid Oil’s Shale MakeoverChina banned travel from Wuhan, a city of 11 million, in efforts to stop the spread of the new SARS-like virus that has claimed at least 17 lives so far and infected hundreds. The WHO delayed a decision on whether to declare the outbreak a public health emergency of international concern. The country is the biggest importer of oil, by far.An emergency declaration for the Wuhan virus case could include recommendations to restrict travel or trade, a move that could cripple economic activity and crimp oil demand. In 2019, Chinese travelers made nearly 3 billion trips during the 40-day spring travel period, roughly comparable to 25 consecutive Thanksgiving travel nightmares.The American Petroleum Institute reported a 1.57-million barrel increase in U.S. crude inventories last week, according to people familiar with the figures. Official government data on Thursday is forecast to show supplies rose by 800,000 barrels, according to a Bloomberg survey.\--With assistance from James Thornhill and Dan Murtaugh.To contact the reporter on this story: Saket Sundria in Singapore at ssundria@bloomberg.netTo contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Ben Sharples, Andrew JanesFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- Oil extended declines from the lowest close in seven weeks on speculation China’s coronavirus outbreak may dent demand as the market tackles a glut of global crude supplies.Futures lost 1.7% in New York as Chinese officials halted travel from Wuhan, the city at the epicenter of the outbreak. U.S. industry data signaled American crude stockpiles expanded further after Goldman Sachs Group Inc. warned that the virus may lead to a hit to oil demand. Concerns over the virus also weighed on broader market sentiment with Asian stocks declining.Oil is bearing the brunt of the anxiety due to the potential hit to travel, especially as it’s happening just before the Lunar New Year holidays, the biggest human migration in the world. The International Energy Agency says the world is “awash with oil,” while Goldman predicts the virus may crimp global demand by 260,000 barrels a day this year, with jet fuel accounting for around two-thirds of the loss, if the SARS epidemic in 2003 is any guide.“The fear of a coronavirus pandemic depressing oil demand by curbing travel and trade is a real one,” said Vandana Hari, founder of industry consultant Vanda Insights in Singapore. Until there is word from the World Health Organization on whether to declare the outbreak an international emergency, “cautious selling will likely prevail,” she said.West Texas Intermediate futures for March delivery fell 99 cents to $55.75 a barrel on the New York Mercantile Exchange as of 7:27 a.m. in London after dropping as much as 2.1% earlier. The contract lost 2.8% on Wednesday. Brent futures declined by 91 cents, or 1.4%, to $62.30.See also: Nodding Donkeys May Hit Sale Block Amid Oil’s Shale MakeoverChina banned travel from Wuhan, a city of 11 million, in efforts to stop the spread of the new SARS-like virus that has claimed at least 17 lives so far and infected hundreds. The WHO delayed a decision on whether to declare the outbreak a public health emergency of international concern. The country is the biggest importer of oil, by far.An emergency declaration for the Wuhan virus case could include recommendations to restrict travel or trade, a move that could cripple economic activity and crimp oil demand. In 2019, Chinese travelers made nearly 3 billion trips during the 40-day spring travel period, roughly comparable to 25 consecutive Thanksgiving travel nightmares.The American Petroleum Institute reported a 1.57-million barrel increase in U.S. crude inventories last week, according to people familiar with the figures. Official government data on Thursday is forecast to show supplies rose by 800,000 barrels, according to a Bloomberg survey.\--With assistance from James Thornhill and Dan Murtaugh.To contact the reporter on this story: Saket Sundria in Singapore at ssundria@bloomberg.netTo contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Ben Sharples, Andrew JanesFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 18/27   Quest Holdings's (ATH:QUEST) Wonderful 482% Share Price Increase Shows How Capitalism Can Build Wealth
    TECHNOLOGY TOPIC NEWS

    Long term investing can be life changing when you buy and hold the truly great businesses. And we've seen some truly...

    Long term investing can be life changing when you buy and hold the truly great businesses. And we've seen some truly...


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  • 19/27   Lebanon's new government may have little reserves left to stabilise economy
    TECHNOLOGY TOPIC NEWS

    LONDON/BEIRUT (Reuters) - Lebanon's new government faces huge upcoming debt repayments and a currency peg at breaking point, but it may already have run out of the hard cash firepower it needs to tackle these problems.  Analysts expect the central bank to be able to foot the bill, for now, though some in Beirut believe a rescheduling or restructuring is preferable.  Some analysts calculate that the country's foreign currency reserves could be negative in real terms.

    LONDON/BEIRUT (Reuters) - Lebanon's new government faces huge upcoming debt repayments and a currency peg at breaking point, but it may already have run out of the hard cash firepower it needs to tackle these problems. Analysts expect the central bank to be able to foot the bill, for now, though some in Beirut believe a rescheduling or restructuring is preferable. Some analysts calculate that the country's foreign currency reserves could be negative in real terms.


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  • 20/27   Pornhub adds Tether to its payment options via TRON wallet
    TECHNOLOGY TOPIC NEWS

    Adult entertainment website Pornhub has added Tether (USDT) stablecoin to its payment options. Announcing the news on Wednesday, Pornhub said it is using the TRONLink wallet for USDT transactions. The new payment option comes two months after PayPal abruptly cut off its service to Pornhub in November. “Since PayPal’s decision to stop payouts to thousands […]The post Pornhub adds Tether to its payment options via TRON wallet appeared first on The Block.

    Adult entertainment website Pornhub has added Tether (USDT) stablecoin to its payment options. Announcing the news on Wednesday, Pornhub said it is using the TRONLink wallet for USDT transactions. The new payment option comes two months after PayPal abruptly cut off its service to Pornhub in November. “Since PayPal’s decision to stop payouts to thousands […]The post Pornhub adds Tether to its payment options via TRON wallet appeared first on The Block.


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  • 21/27   DNB ASA (OB:DNB) Insiders Increased Their Holdings
    TECHNOLOGY TOPIC NEWS

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...

    We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. The...


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  • 22/27   Should We Worry About FirstFarms A/S's (CPH:FFARMS) P/E Ratio?
    TECHNOLOGY TOPIC NEWS

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at...

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at...


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  • 23/27   Siemens CEO Kaeser asks Trump for equal treatment in Mideast
    TECHNOLOGY TOPIC NEWS

    Siemens  Chief Executive Joe Kaeser said he was seeing a more positive mood among the German engineering company's clients at the start of the year, he told CNBC on Thursday.  'They are getting more optimistic for the second half of the year than they have for the first half and actually 2019,' Kaeser said in an interview on the sidelines of the World Economic Forum annual meeting in Davos.  'We have good American workers, working for us in the U.S. If we go to Iraq and if we go to Syria and we help rebuild those countries, I want to be treated as a U.S. company going out to help these people,' said Kaeser, who raised the issue with U.S. President Trump at a dinner.

    Siemens Chief Executive Joe Kaeser said he was seeing a more positive mood among the German engineering company's clients at the start of the year, he told CNBC on Thursday. 'They are getting more optimistic for the second half of the year than they have for the first half and actually 2019,' Kaeser said in an interview on the sidelines of the World Economic Forum annual meeting in Davos. 'We have good American workers, working for us in the U.S. If we go to Iraq and if we go to Syria and we help rebuild those countries, I want to be treated as a U.S. company going out to help these people,' said Kaeser, who raised the issue with U.S. President Trump at a dinner.


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  • 24/27   Japan Hunts For 6% Yield With Funds Buying Record Asia Bonds
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Japanese investors bought the most emerging-Asian bonds on record last year, and their appetite is growing, money managers said.They snapped up almost 1 trillion yen ($9 billion) of Asian debt in the first 11 months of 2019, according to the latest balance-of-payments data. Even though it’s one month short of a year, that’s a record in data going back to 2005.A collapse in developed-nation bond yields last year as the Federal Reserve led a new easing cycle has pushed traditionally conservative Japanese investors into riskier assets. With an improving global trade outlook, emerging markets such as China and Indonesia will appear even more attractive.“Investors are allocating more funds into emerging markets to take more risks,” said Shigeki Sakaki, chief strategist at Nomura Asset Management Co. in Tokyo. “There’s a need to add bonds that are yielding around 3%-4% or 5%-6% into their portfolios.”Money managers in Japan have been buying bonds of countries such as Turkey and South Africa as well as Latin America, and their interest is spreading to Asia, according to Sakaki.The Japanese data track investments into Southeast Asia, South Korea, India and Greater China. They also include Singapore and Hong Kong. According to the data, last year’s purchases were at least 16% more than the previous high in 2014.In an environment where global currency volatility has dropped to a record low, the returns offered by Asian bonds stand out.While 10-year Treasuries yield 1.8% without hedging, similar-maturity debt in Asian countries ranging from China to Indonesia offer 3% to almost 7%.Japanese funds have been buying more Chinese bonds as China makes it easier for foreigners to invest. Sumitomo Life Insurance Co. said in October it was weighing its first purchases.“There are increasing views that the global economy won’t slow down as U.S.-China trade affairs are expected to improve,” said Eiichiro Miura, general manager of the fixed-income department at Nissay Asset Management Corp. in Tokyo. That will support risk appetite, he said.More RiskTo be sure, Japanese investments in Asian bonds are a fraction of what they own in developed-nation securities. They purchased more than 7.76 trillion yen of U.S. sovereign bonds in the first 11 months of last year.Japanese investors bought 175.1 billion yen of foreign bonds last week, according to data from the Ministry of Finance. That came on the heels of 2.33 trillion yen of purchases the previous week, the most since September 2018.Japan Post Insurance Co. has said it is prepared to assume more risk by increasing allocations to emerging-market bond funds.“We are looking to raise returns of about 6%-7% in local-currency terms by investing in EM debt fund,” Ryosuke Fukushima, general manager at the insurer, said in October. The company began investing in developing-market bonds in 2017 and holds several hundred billion yen of the investments through external asset managers, he said.(Adds data on Japanese investors’ purchase of overseas bonds in 12th paragraph)\--With assistance from Masaki Kondo.To contact the reporter on this story: Chikafumi Hodo in Tokyo at chodo@bloomberg.netTo contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Liau Y-SingFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- Japanese investors bought the most emerging-Asian bonds on record last year, and their appetite is growing, money managers said.They snapped up almost 1 trillion yen ($9 billion) of Asian debt in the first 11 months of 2019, according to the latest balance-of-payments data. Even though it’s one month short of a year, that’s a record in data going back to 2005.A collapse in developed-nation bond yields last year as the Federal Reserve led a new easing cycle has pushed traditionally conservative Japanese investors into riskier assets. With an improving global trade outlook, emerging markets such as China and Indonesia will appear even more attractive.“Investors are allocating more funds into emerging markets to take more risks,” said Shigeki Sakaki, chief strategist at Nomura Asset Management Co. in Tokyo. “There’s a need to add bonds that are yielding around 3%-4% or 5%-6% into their portfolios.”Money managers in Japan have been buying bonds of countries such as Turkey and South Africa as well as Latin America, and their interest is spreading to Asia, according to Sakaki.The Japanese data track investments into Southeast Asia, South Korea, India and Greater China. They also include Singapore and Hong Kong. According to the data, last year’s purchases were at least 16% more than the previous high in 2014.In an environment where global currency volatility has dropped to a record low, the returns offered by Asian bonds stand out.While 10-year Treasuries yield 1.8% without hedging, similar-maturity debt in Asian countries ranging from China to Indonesia offer 3% to almost 7%.Japanese funds have been buying more Chinese bonds as China makes it easier for foreigners to invest. Sumitomo Life Insurance Co. said in October it was weighing its first purchases.“There are increasing views that the global economy won’t slow down as U.S.-China trade affairs are expected to improve,” said Eiichiro Miura, general manager of the fixed-income department at Nissay Asset Management Corp. in Tokyo. That will support risk appetite, he said.More RiskTo be sure, Japanese investments in Asian bonds are a fraction of what they own in developed-nation securities. They purchased more than 7.76 trillion yen of U.S. sovereign bonds in the first 11 months of last year.Japanese investors bought 175.1 billion yen of foreign bonds last week, according to data from the Ministry of Finance. That came on the heels of 2.33 trillion yen of purchases the previous week, the most since September 2018.Japan Post Insurance Co. has said it is prepared to assume more risk by increasing allocations to emerging-market bond funds.“We are looking to raise returns of about 6%-7% in local-currency terms by investing in EM debt fund,” Ryosuke Fukushima, general manager at the insurer, said in October. The company began investing in developing-market bonds in 2017 and holds several hundred billion yen of the investments through external asset managers, he said.(Adds data on Japanese investors’ purchase of overseas bonds in 12th paragraph)\--With assistance from Masaki Kondo.To contact the reporter on this story: Chikafumi Hodo in Tokyo at chodo@bloomberg.netTo contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Liau Y-SingFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 25/27   Trump’s Trade Deal Hastens China’s Retreat From U.S. Farmers
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Donald Trump’s trade truce with Beijing included a pledge to buy billions of dollars of U.S. foodstuffs over the next two years, reopening one of the most important export markets for America’s farm belt.“The farmers are really happy with the new China Trade Deal,” the president tweeted the day after a signing ceremony in the White House.The euphoria is fading fast. The dispute with Washington exposed Beijing’s vulnerability when it comes to food imports -- especially the soybeans needed to feed its massive herd of livestock -- and the Communist Party leadership will now do all it can to wean itself off the U.S.“Anytime you have a disruption in your supply chain, and especially with something as sensitive as food, they have to diversify their supply chain,” said David MacLennan, chief executive of Cargill Inc., the world’s largest agricultural commodity trader. “I think they don’t want to be in the same position again of being overly dependent on one supplier.”Food security has been a policy priority since a surge in the cost of everything from pork to electronics in the late 1980s stoked dissent in the run-up to the Tiananmen Square protests. A generation later and the world’s largest population is many times richer with a growing taste for protein-heavy diets, but doesn’t produce nearly enough domestically.For U.S. farmers, the trade deal means a potentially short-lived benefit as China seeks to make good on its two-year promise. But long term, as America’s biggest customer goes elsewhere -- creating a huge opportunity for rival agriculture giants like Brazil, Argentina and Russia -- that could have political repercussions for Trump-supporting rural communities.The fortunes of global agricultural companies will also be shaped by China’s response. From agricultural traders like Cargill and Louis Dreyfus Co. to farming equipment manufactures such as Deere & Co., dozens of companies have billions of dollars at stake in where China buys its food.China has long been striving for self sufficiency, paying huge subsidies to farmers to grow corn and rice. More than 95% of its cereal needs can now be satisfied locally. But declining arable land, water shortages and an aging farm labor force mean that domestic production alone isn’t enough in the rapidly urbanizing country.So the shortfall needs to be met overseas. President Xi Jinping launched the Belt and Road initiative in 2013 to expand its trading routes, after also embarking on a multi-billion-dollar spree in global agriculture firms and infrastructure over the last decade, most of which have been outside of America.Before hostilities escalated in 2017, the U.S. was China’s top agricultural supplier for 18 years running, relying on the nation for almost 20% of its farm goods imports amounting to $24 billion a year.And that’s where China has been exposed by the trade war.Imports from the U.S. tumbled 45% in 2018 as the two countries hit each other with tariffs. Beijing slapped retaliatory levies ranging from 5% to 60% on almost all American farm goods including soybeans, pork and corn.The duties gave Beijing crucial leverage over Washington, prompting Trump to announce a $28 billion bailout for farmers faced with a devastating loss in business. But they also forced China to search for supplies elsewhere.Now China’s going to double down on efforts to diversify, with rivals Brazil and Argentina the most obvious beneficiaries.Brazilian President Jair Bolsonaro and China’s Xi promised to continue increasing bilateral trade that surged to record levels during the trade war. China also bolstered its alliance with Argentina, opening the door to the South American nation’s soybean meal shipments for the first time.“Food security is always critical to China’s leadership, and this trade war just affirms the importance of having strong domestic production and diversified import sources,” said Li Qiang, chief analyst with Shanghai JC Intelligence Co., an influential Chinese agricultural consultant.But the seasonal nature of agricultural production means China can’t rely on South America alone. Brazil typically exports soybeans during March to September, before U.S. shipments take over. Despite record imports from Brazil, China briefly experienced a soybean deficit due to lack of American supply.China has also been looking for other sources, for example by investing in Russia and the Black Sea regions.Reality CheckThe reality is though, that it will be hard to wean itself entirely off the U.S. China’s annual soy demand is about 110 million tons, of which domestic output satisfies just 15%, according to China’s ministry of agriculture. The U.S. accounts for about a third of global soybean trade while Brazil and Argentina alone don’t export enough to satisfy China.The U.S. is just too influential and China recognizes this. America will remain an important trading partner for soybeans, China’s minister of agriculture and rural affairs said last year. It may also prove politically expedient for Beijing to maintain some trade with Washington to keep its truce in place.“China will diversify,” said Alberto Weisser, who was chief executive of agricultural commodity trading giant Bunge Ltd. for more than a decade. But “the easiest thing for China is to buy American agricultural commodities in exchange to be able to export” its products to the U.S.There’s historical precedent for how trade disputes can permanently reshape global trade, and the lessons from a battle more than 40 years ago suggest American farmers may suffer over the longer term.The U.S. fought a dispute with Japan in 1973 that went as far as Washington imposing an embargo on soybean exports. The conflict lasted only five days, but its consequences are still felt today.After the brief embargo, Japan returned to buy U.S. soybeans, but scarred by the dispute, it never saw America again as a reliable supplier. Instead it diversified purchases, helping the growth of the then-nascent Brazilian soybean industry.Closer to home, a Nixon administration embargo on trade with China that spanned two decades through 1971 may also have stained the U.S.’s reputation as a reliable partner in the minds of Chinese leadership. Xi, Premier Li Keqiang and top trade negotiator Liu He, grew up during the period and that’s shaped Beijing’s thinking, said Darin Friedrichs, a Shanghai-based senior analyst at INTL FCStone’s Asia commodities division.“Given those experiences, it’s not surprising they put a lot of emphasis on food security,” Friedrichs said. “They don’t want to be overly-dependent on a single supplier.”(Adds comment in 16th paragraph)\--With assistance from Dominic Carey.To contact the reporters on this story: Alfred Cang in Singapore at acang@bloomberg.net;Javier Blas in Davos at jblas3@bloomberg.net;Isis Almeida in Chicago at ialmeida3@bloomberg.netTo contact the editors responsible for this story: Anna Kitanaka at akitanaka@bloomberg.net, Alexander KwiatkowskiFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Donald Trump’s trade truce with Beijing included a pledge to buy billions of dollars of U.S. foodstuffs over the next two years, reopening one of the most important export markets for America’s farm belt.“The farmers are really happy with the new China Trade Deal,” the president tweeted the day after a signing ceremony in the White House.The euphoria is fading fast. The dispute with Washington exposed Beijing’s vulnerability when it comes to food imports -- especially the soybeans needed to feed its massive herd of livestock -- and the Communist Party leadership will now do all it can to wean itself off the U.S.“Anytime you have a disruption in your supply chain, and especially with something as sensitive as food, they have to diversify their supply chain,” said David MacLennan, chief executive of Cargill Inc., the world’s largest agricultural commodity trader. “I think they don’t want to be in the same position again of being overly dependent on one supplier.”Food security has been a policy priority since a surge in the cost of everything from pork to electronics in the late 1980s stoked dissent in the run-up to the Tiananmen Square protests. A generation later and the world’s largest population is many times richer with a growing taste for protein-heavy diets, but doesn’t produce nearly enough domestically.For U.S. farmers, the trade deal means a potentially short-lived benefit as China seeks to make good on its two-year promise. But long term, as America’s biggest customer goes elsewhere -- creating a huge opportunity for rival agriculture giants like Brazil, Argentina and Russia -- that could have political repercussions for Trump-supporting rural communities.The fortunes of global agricultural companies will also be shaped by China’s response. From agricultural traders like Cargill and Louis Dreyfus Co. to farming equipment manufactures such as Deere & Co., dozens of companies have billions of dollars at stake in where China buys its food.China has long been striving for self sufficiency, paying huge subsidies to farmers to grow corn and rice. More than 95% of its cereal needs can now be satisfied locally. But declining arable land, water shortages and an aging farm labor force mean that domestic production alone isn’t enough in the rapidly urbanizing country.So the shortfall needs to be met overseas. President Xi Jinping launched the Belt and Road initiative in 2013 to expand its trading routes, after also embarking on a multi-billion-dollar spree in global agriculture firms and infrastructure over the last decade, most of which have been outside of America.Before hostilities escalated in 2017, the U.S. was China’s top agricultural supplier for 18 years running, relying on the nation for almost 20% of its farm goods imports amounting to $24 billion a year.And that’s where China has been exposed by the trade war.Imports from the U.S. tumbled 45% in 2018 as the two countries hit each other with tariffs. Beijing slapped retaliatory levies ranging from 5% to 60% on almost all American farm goods including soybeans, pork and corn.The duties gave Beijing crucial leverage over Washington, prompting Trump to announce a $28 billion bailout for farmers faced with a devastating loss in business. But they also forced China to search for supplies elsewhere.Now China’s going to double down on efforts to diversify, with rivals Brazil and Argentina the most obvious beneficiaries.Brazilian President Jair Bolsonaro and China’s Xi promised to continue increasing bilateral trade that surged to record levels during the trade war. China also bolstered its alliance with Argentina, opening the door to the South American nation’s soybean meal shipments for the first time.“Food security is always critical to China’s leadership, and this trade war just affirms the importance of having strong domestic production and diversified import sources,” said Li Qiang, chief analyst with Shanghai JC Intelligence Co., an influential Chinese agricultural consultant.But the seasonal nature of agricultural production means China can’t rely on South America alone. Brazil typically exports soybeans during March to September, before U.S. shipments take over. Despite record imports from Brazil, China briefly experienced a soybean deficit due to lack of American supply.China has also been looking for other sources, for example by investing in Russia and the Black Sea regions.Reality CheckThe reality is though, that it will be hard to wean itself entirely off the U.S. China’s annual soy demand is about 110 million tons, of which domestic output satisfies just 15%, according to China’s ministry of agriculture. The U.S. accounts for about a third of global soybean trade while Brazil and Argentina alone don’t export enough to satisfy China.The U.S. is just too influential and China recognizes this. America will remain an important trading partner for soybeans, China’s minister of agriculture and rural affairs said last year. It may also prove politically expedient for Beijing to maintain some trade with Washington to keep its truce in place.“China will diversify,” said Alberto Weisser, who was chief executive of agricultural commodity trading giant Bunge Ltd. for more than a decade. But “the easiest thing for China is to buy American agricultural commodities in exchange to be able to export” its products to the U.S.There’s historical precedent for how trade disputes can permanently reshape global trade, and the lessons from a battle more than 40 years ago suggest American farmers may suffer over the longer term.The U.S. fought a dispute with Japan in 1973 that went as far as Washington imposing an embargo on soybean exports. The conflict lasted only five days, but its consequences are still felt today.After the brief embargo, Japan returned to buy U.S. soybeans, but scarred by the dispute, it never saw America again as a reliable supplier. Instead it diversified purchases, helping the growth of the then-nascent Brazilian soybean industry.Closer to home, a Nixon administration embargo on trade with China that spanned two decades through 1971 may also have stained the U.S.’s reputation as a reliable partner in the minds of Chinese leadership. Xi, Premier Li Keqiang and top trade negotiator Liu He, grew up during the period and that’s shaped Beijing’s thinking, said Darin Friedrichs, a Shanghai-based senior analyst at INTL FCStone’s Asia commodities division.“Given those experiences, it’s not surprising they put a lot of emphasis on food security,” Friedrichs said. “They don’t want to be overly-dependent on a single supplier.”(Adds comment in 16th paragraph)\--With assistance from Dominic Carey.To contact the reporters on this story: Alfred Cang in Singapore at acang@bloomberg.net;Javier Blas in Davos at jblas3@bloomberg.net;Isis Almeida in Chicago at ialmeida3@bloomberg.netTo contact the editors responsible for this story: Anna Kitanaka at akitanaka@bloomberg.net, Alexander KwiatkowskiFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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  • 26/27   Trip.com Group CEO meets with Italian Minister for Culture and Tourism
    TECHNOLOGY TOPIC NEWS

    Trip.com Group CEO Jane Sun recently met with Italian Minister for Culture and Tourism Mr. Dario Franceschini in the capital of Rome to discuss opportunities for further collaboration in the tourism sector.

    Trip.com Group CEO Jane Sun recently met with Italian Minister for Culture and Tourism Mr. Dario Franceschini in the capital of Rome to discuss opportunities for further collaboration in the tourism sector.


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  • 27/27   Stocks Slide on Virus-Impact Concerns; Bonds Rise: Markets Wrap
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- For a fresh perspective on the stories that matter in Australian business and politics, sign up for our new weekly newsletter.Stocks, crude oil prices and the yuan dropped on Thursday on concerns about the impact of the new China virus on corporate sales and economic growth. The yen edged up with Treasuries.On the last trading day in China before the nation’s epic holiday travel season begins, the country’s stocks tumbled about 3%, the worst pre-new year loss on record. With China moving to shut down travel in and out of the epicenter of the novel coronavirus, Wuhan, the threat to businesses from airlines to retailers is becoming clear. U.S. and European futures dipped, and Asia-Pacific equity benchmarks slid from Tokyo and Seoul to Sydney.The risk is emerging just as evidence mounts that the global economy had turned a corner; strong Australian job numbers Thursday sent that country’s dollar climbing.“There’s going to be no way for investors to make a decision or change positions until post-Chinese New Year,” said Gavin Parry, chief executive at Parry Global Group in Hong Kong. Japanese pharmaceutical companies and makers of facemasks, such as 3M Co., will continue to trade on overseas markets during the holiday period and will likely see knee-jerk gains, Parry added.Next up, the European Central Bank is due to decide on policy Thursday, after which President Christine Lagarde is due for a press conference.Read more on the impact from the conoravirus:Inside China’s Virus Zone, Unease Grips a City in LockdownWhy Wuhan Is at the Center of the Viral Outbreak: Shuli RenWuhan Virus Lockdown Hammers Rubber as Chinese PricesHere are some events to watch out for this week:Companies including Intel Corp. and Procter & Gamble Co. will post results.Policy decisions are due from central banks in Indonesia and the euro region.The World Economic Forum, the annual gathering of global leaders in politics, business and culture, continues in Davos, Switzerland.These are the main moves in markets:StocksFutures on the S&P 500 Index dipped 0.1% as of 7:14 a.m. in London.Euro Stoxx 50 futures fell 0.3%.Japan’s Topix index retreated 0.8%.Hong Kong’s Hang Seng declined 1.9%.The Shanghai Composite lost 2.8%.South Korea’s Kospi index declined 0.9%.CurrenciesThe yen rose 0.3% to 109.57 per dollar.The offshore yuan retreated 0.3% to 6.9283 per dollar.The Aussie rose 0.4% to 68.71 U.S. cents.The British pound was flat at $1.3138.The euro was little changed at $1.1088.BondsThe yield on 10-year Treasuries fell about two basis points to 1.75%.Australia’s three-year yields advanced three basis points to 0.72% after the strong jobs report.CommoditiesWest Texas Intermediate crude dropped 1.6% to $55.82 a barrel.Gold was steady at $1,557 an ounce.\--With assistance from Gregor Stuart Hunter.To contact the reporter on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Ravil ShirodkarFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

    (Bloomberg) -- For a fresh perspective on the stories that matter in Australian business and politics, sign up for our new weekly newsletter.Stocks, crude oil prices and the yuan dropped on Thursday on concerns about the impact of the new China virus on corporate sales and economic growth. The yen edged up with Treasuries.On the last trading day in China before the nation’s epic holiday travel season begins, the country’s stocks tumbled about 3%, the worst pre-new year loss on record. With China moving to shut down travel in and out of the epicenter of the novel coronavirus, Wuhan, the threat to businesses from airlines to retailers is becoming clear. U.S. and European futures dipped, and Asia-Pacific equity benchmarks slid from Tokyo and Seoul to Sydney.The risk is emerging just as evidence mounts that the global economy had turned a corner; strong Australian job numbers Thursday sent that country’s dollar climbing.“There’s going to be no way for investors to make a decision or change positions until post-Chinese New Year,” said Gavin Parry, chief executive at Parry Global Group in Hong Kong. Japanese pharmaceutical companies and makers of facemasks, such as 3M Co., will continue to trade on overseas markets during the holiday period and will likely see knee-jerk gains, Parry added.Next up, the European Central Bank is due to decide on policy Thursday, after which President Christine Lagarde is due for a press conference.Read more on the impact from the conoravirus:Inside China’s Virus Zone, Unease Grips a City in LockdownWhy Wuhan Is at the Center of the Viral Outbreak: Shuli RenWuhan Virus Lockdown Hammers Rubber as Chinese PricesHere are some events to watch out for this week:Companies including Intel Corp. and Procter & Gamble Co. will post results.Policy decisions are due from central banks in Indonesia and the euro region.The World Economic Forum, the annual gathering of global leaders in politics, business and culture, continues in Davos, Switzerland.These are the main moves in markets:StocksFutures on the S&P 500 Index dipped 0.1% as of 7:14 a.m. in London.Euro Stoxx 50 futures fell 0.3%.Japan’s Topix index retreated 0.8%.Hong Kong’s Hang Seng declined 1.9%.The Shanghai Composite lost 2.8%.South Korea’s Kospi index declined 0.9%.CurrenciesThe yen rose 0.3% to 109.57 per dollar.The offshore yuan retreated 0.3% to 6.9283 per dollar.The Aussie rose 0.4% to 68.71 U.S. cents.The British pound was flat at $1.3138.The euro was little changed at $1.1088.BondsThe yield on 10-year Treasuries fell about two basis points to 1.75%.Australia’s three-year yields advanced three basis points to 0.72% after the strong jobs report.CommoditiesWest Texas Intermediate crude dropped 1.6% to $55.82 a barrel.Gold was steady at $1,557 an ounce.\--With assistance from Gregor Stuart Hunter.To contact the reporter on this story: Adam Haigh in Sydney at ahaigh1@bloomberg.netTo contact the editors responsible for this story: Christopher Anstey at canstey@bloomberg.net, Ravil ShirodkarFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.


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