After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Could global cities be the cause of, and solution to, climate change? December 14, 2021 Homer Simpson once famously said: “here’s to alcohol: the cause of, and solution to, all of life’s problems”. To paraphrase Springfield’s most famous resident, we could say a similar thing about big cities and climate change. Big cities are often seen as part of the problem regarding climate change, responsible for high levels of greenhouse gas [...]
Superyacht orders hit record as industry glides through the pandemic December 12, 2021 Over 1,200 superyachts have been ordered, marking a jump of 25 per cent compared to last year as demand for luxury cruisers has surfed over the pandemic, according to reports. The orders for superyachts hit a new record according to data in the latest edition of Boat International’s Global Order Book, and as reported in [...]
What is next for Hong Kong’s stock market? December 10, 2021 The Hang Seng Index is down close to 12.8% year to date. What lies ahead, as fears about Omicron dog markets? Hang Seng Index – what is weighing on the index? Year to date (YTD), the Hang Seng Index remained in the red with -12.8% total return, largely trailing behind its global peers such as Nikkei’s 4.1% [...]
Apple to become the world’s first $3tn company following reports of China secret deal December 7, 2021 Apple could become the world’s first company to reach $3tn, following reports of a $275bn deal struck with China. At today’s market opening, the company’s shares went up to $169.06, peaking at $171.05 – a 3.5 per cent increase compared with yesterday’s closing price of $165.29. Apple’s valuation consequently increased to $2.80tn, putting it in [...]
The big cheese: How old food can sell for crazy prices at auction December 7, 2021 It took two hours for bidding to draw to a close, but it was worth it. The 2.62kg Cabrales cheese left the auction tent at the 2018 Cabrales Cheese Competition to rapturous applause. Cream of the crop, the cheese had caught the attention of 15 restaurateurs from around Spain, each bidder hell-bent on blessing their [...]
Early orders and Singles Day boost: Both Chinese exports and imports pick up steam December 7, 2021 European equity markets got off to a solid start to the new week yesterday as investors looked past the negativity of last week and chose to focus on the expectation that the Omicron variant, while more transmissible, may well not be as virulent as the Delta variant that is wreaking havoc across Europe. “Indications so [...]
The City View: December 6: Inflation, Labour’s pro-business push and flooding risks December 6, 2021 Today Andy Silvester looks at a warning from a top Bank of England rate-setter, news from the digital ads market, Chinese property firm Evergrande’s latest struggles against its debt burden and more news on the new Covid variant. Andy is also joined by Sascha O’Sullivan and Elena Siniscalco, who offer their views on politics, Keir’s [...]
Evergrande shares tumble to record low as debt deadline looms yet again December 6, 2021 Shares in embattled Chinese real estate developer Evergrande plunged to their lowest price ever overnight as investors cleared out of the company over concerns it is on the brink of collapse. Evergrande is yet again teetering on the verge of missing a 30-day grace period deadline to pay debts worth over £82m. The downward turn [...]
Elon Musk is being allowed to ‘make the rules’ in space warns ESA December 5, 2021 The chief of the European Space Agency has warned that governments are allowing tech billionaire Musk to "make the rules" in space.
Triple whammy: SoftBank shares slide 3.5 per cent after rocky 24 hours for Didi, Arm and Grab investments December 3, 2021 Shares in Japanese conglomerate Softbank sank as much as 3.5 per cent today after three of its high-profile investments Didi, Arm and Grab were hit with setbacks in the last 24 hours. The investment giant’s shares dropped as low as 5,423 yen ($47.89) today, before settling slightly higher, but with losses of 23 per cent [...]