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Sam Bankman-Fried—Convicted Fraudster And Disgraced FTX Mogul—Sentenced To 25 Years In Prison
forbes.com/sites/zacharyfolk/2024/03/28/sam-bankman-fried-convicted-fraudster-and-disgraced-crypto-mogul-faces-prison-sentencing-today/
Sam Bankman-Fried—Convicted Fraudster And Disgraced FTX Mogul—Sentenced To ...
Quick Glance: Sam Bankman-Fried's Verdict: 25-Year Prison Term - BBC News
  • Sam Bankman-Fried received a 25-year prison sentence. Key details from the court hearing in New York were summarized, focusing on his defense lawyer's arguments and the judge's ruling.

  • The judge criticized SBF's lack of remorse, noting that he had never expressed a word of regret for committing terrible crimes. Customers who lost money in the collapse reported experiencing nightmares.

  • SBF admitted to making a series of poor decisions but claimed that customers could be reimbursed. The judge pointed out that the assertion that customers would be fully repaid through the bankruptcy process was misleading.

  • The court hearing also included testimonies from customers who lost significant amounts of money, insights into SBF's background, and the reasons behind the collapse of his company FTX.
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China's Xiaomi to enter cut-throat EV market for the first time: BEIJING: Chinese consumer tech giant Xiaomi will launch its first-ever EV at a press conference ...
channelnewsasia.com/business/china-xiaomi-ev-car-market-4227246
China's Xiaomi to enter cut-throat EV market for the first time
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China's distressed property developer losses start to pile up: HONG KONG -- The severity of the financial damage to China's distressed property developers ...
asia.nikkei.com/Business/Markets/China-debt-crunch/China-s-distressed-property-developer-losses-start-to-pile-up
China's distressed property developer losses start to pile up
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Electromobility: Price war slows down Chinese electric car manufacturer BYD: In the past quarter, the Group grew more slowly than it has for almost two years ...
handelsblatt.com/unternehmen/industrie/elektromobilitaet-preiskampf-bremst-chinesischen-elektroautobauer-byd/100027957.html
Electromobility: Price war slows down Chinese electric car manufacturer ...
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China’s Biggest Airlines Post Loss on Slow International Return: China’s three biggest airline companies reported annual losses for 2023 as international traffic ...
bloomberg.com/news/articles/2024-03-28/china-s-biggest-airlines-post-loss-on-slow-international-return
China’s Biggest Airlines Post Loss on Slow International Return
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How HSBC Transformed Its Customer Experience - SPONSOR CONTENT FROM HSBC: Sponsor content from HSBC.
hbr.org/sponsored/2024/03/how-hsbc-transformed-its-customer-experience
How HSBC Transformed Its Customer Experience - SPONSOR CONTENT FROM HSBC
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HSBC’s Top Tech Banker Winston Cheng Exits to Join Tech Firm: HSBC Holdings Plc’s global co-head of technology, media and telecom Winston Cheng is leaving the ...
bloomberg.com/news/articles/2024-03-25/hsbc-s-top-tech-banker-winston-cheng-exits-to-join-tech-firm
HSBC’s Top Tech Banker Winston Cheng Exits to Join Tech Firm
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An AI-driven “factory of drugs” claims to have hit a big milestone: Insilico is part of a wave of companies betting on AI as the "next amazing revolution" in ...
technologyreview.com/2024/03/20/1089939/a-wave-of-drugs-dreamed-up-by-ai-is-on-its-way/
An AI-driven “factory of drugs” claims to have hit a big milestone
Quick Glance: UN adopts groundbreaking global AI resolution
  • The resolution underscores the need for guidelines for safe, trustworthy AI systems and excludes military AI.

  • It promotes the positive potentials of AI, calls for bridging digital divides and ensuring equitable access to achieve UN Sustainable Development Goals.

  • The resolution was a step forward to address the promises and risks of AI, aiming to support developing countries.

  • Concerns regarding negative impacts of AI on human rights and data protection are highlighted, emphasizing the need for responsible regulation of the technology.
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China's BYD lowers starting price of new version of Seal electric sedan: China electric vehicle (EV) maker BYD on Monday lowered the starting price of a new ...
reuters.com/business/autos-transportation/chinas-byd-lowers-starting-price-new-version-seal-electric-sedan-2024-03-25/
China's BYD lowers starting price of new version of Seal electric sedan
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BYD takes on EV laggards Toyota, VW with steep China price cuts: Not content with unseating Tesla Inc. as the world’s top-selling electric car maker, BYD Co ...
dailymaverick.co.za/article/2024-03-25-byd-takes-on-ev-laggards-toyota-vw-with-steep-china-price-cuts/
BYD takes on EV laggards Toyota, VW with steep China price cuts
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BYD’s new EV, starting at less than $10,000, is stoking fear across the industry: Leading EV maker BYD shook the industry after unveiling the new Seagull ...
electrek.co/2024/03/22/byds-new-ev-starting-under-10000-stoking-fear-rivals/
BYD’s new EV, starting at less than $10,000, is stoking fear across the ...
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Huawei Tests Brute-Force Method for Making More Advanced Chips: Huawei Technologies Co. and a secretive chipmaking partner in China have filed patents for a ...
bloomberg.com/news/articles/2024-03-22/huawei-tests-brute-force-method-for-making-more-advanced-chips
Huawei Tests Brute-Force Method for Making More Advanced Chips
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China's Ping An hit by $2.7bn loss in asset management business: HONG KONG -- Share prices of China's Ping An Insurance slumped on Friday after the ...
asia.nikkei.com/Business/Finance/China-s-Ping-An-hit-by-2.7bn-loss-in-asset-management-business
China's Ping An hit by $2.7bn loss in asset management business
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China football captain Zhang Linpeng quits after 2-2 draw with Singapore: “We could not even beat the Singapore team. I think it’s unacceptable ...
straitstimes.com/sport/football/china-football-captain-zhang-linpeng-quits-after-2-2-draw-with-singapore
China football captain Zhang Linpeng quits after 2-2 draw with Singapore
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UBS to Nearly Double Planned HK Office and Occupy Entire Tower: UBS Group AG will lease an entire 14-story office tower in Hong Kong — almost double the space it ...
bloomberg.com/news/articles/2024-03-27/ubs-to-nearly-double-planned-hk-office-and-occupy-entire-tower
UBS to Nearly Double Planned HK Office and Occupy Entire Tower
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The airline made the upbeat forecast amid rising calls from lawmakers for the company to reduce ticket prices. (Link in the comments) #hongkong #hk #aviation ... Show more
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Nissan to launch 30 new models by 2027 and boost global sales volumes: Nissan was a pioneer in EVs but the carmaker has been eclipsed by the likes of U.S ...
japantimes.co.jp/business/2024/03/25/companies/nissan-new-models/
Nissan to launch 30 new models by 2027 and boost global sales volumes
Quick Glance: Nissan Aims for 30 New Cars by 2027
  • Nissan plans to introduce 30 models over the next three years as part of the Arc business plan, including 16 electrified and 14 ICE vehicles.

  • Apart from the U.S. and Canada, the Arc includes various regional strategies that involve the introduction of seven completely new models.

  • While maintaining secrecy regarding the lineup of 30 models, Nissan appears to have a strong focus on crossovers and SUVs.

  • No specifics about a potential collaboration between Nissan and the struggling startup company Fisker are outlined in the Arc business plan.
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BYD shares rebound on China's latest push for EV buying: TOKYO -- Shares in Chinese electric-vehicle maker BYD have bounced back about 30% from recent lows after ...
asia.nikkei.com/Spotlight/Electric-cars-in-China/BYD-shares-rebound-on-China-s-latest-push-for-EV-buying
BYD shares rebound on China's latest push for EV buying
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Chinese authorities are examining the role of PricewaterhouseCoopers(PwC) in China Evergrande Group's accounting practices after the developer was accused of a ... Show more
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Has China lost its taste for the iPhone?: Evidence is mounting that, for many in China, the iPhone no longer holds the appeal it used to.
thestar.com.my/tech/tech-news/2024/03/25/has-china-lost-its-taste-for-the-iphone
Has China lost its taste for the iPhone?
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E-premium for the people: BYD wants to drive with the mainstream: BYD once copied Toyota. Today, the Chinese company is the global benchmark for e-mobility ...
n-tv.de/wirtschaft/BYD-will-mit-dem-Mainstream-fahren-article24812428.html
E-premium for the people: BYD wants to drive with the mainstream
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Nvidia deepens BYD ties as it taps China EV makers' demand for AI: TAIPEI -- U.S. chipmaker Nvidia is expanding its partnership with Chinese EV maker BYD to ...
asia.nikkei.com/Business/Automobiles/Nvidia-deepens-BYD-ties-as-it-taps-China-EV-makers-demand-for-AI
Nvidia deepens BYD ties as it taps China EV makers' demand for AI
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China-made vehicles will comprise a quarter of Europe’s EV sales this year, study shows
cnbc.com/2024/03/28/china-made-vehicles-will-make-up-a-quarter-of-europes-ev-sales-this-year.html
China-made vehicles will comprise a quarter of Europe’s EV sales this year ...
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Hong Kong welcomes 100,000 visitors this month on 20 cruise ships, as Serenade of the Seas arrives for first-time visit
scmp.com/news/hong-kong/transport/article/3256898/hong-kong-welcomes-100000-visitors-month-20-cruise-ships-serenade-seas-arrives-first-time-visit
Hong Kong welcomes 100,000 visitors this month on 20 cruise ships ...
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Charging points for electric cars: fast is not fast enough: The Federal Network Agency reports many charging points for electric cars. But the analysis shows: ...
faz.net/aktuell/wirtschaft/unternehmen/elektroauto-die-meisten-ladesaeulen-laden-nicht-schnell-genug-19608854.html
Charging points for electric cars: fast is not fast enough
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Ford plans affordable small electric pickup and SUV, starting around $25,000: Amid a flood of new competition, Ford is shifting plans to build more affordable ...
electrek.co/2024/03/18/ford-plans-affordable-ev-pickup-suv-starting-25000/
Ford plans affordable small electric pickup and SUV, starting around $25 ...
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Alibaba Raises $317 Million From Sale of Stake in EV Maker XPeng: Alibaba Group Holding Ltd. raised $317 million from the sale of about 33 million of US-traded ...
bloomberg.com/news/articles/2024-03-20/alibaba-is-said-to-raise-317-million-from-ev-maker-xpeng-stake
Alibaba Raises $317 Million From Sale of Stake in EV Maker XPeng
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Chief Executive John Lee signs the Safeguarding National Security Ordinance into law, effective March 23, 2024. Photo: GovHK. Full coverage: hongkongfp.com/article23-security-law/
Quick Glance: Australia and Britain Condemn China's Actions in Hong Kong and South China Sea
  • Australia and Britain criticized China for its actions in Hong Kong and the South China Sea, as well as its support of Russia.

  • In a statement following a meeting where London and Canberra deepened their security ties, the two countries expressed concerns about security and rights in Hong Kong, as well as human rights abuses in China.

  • The ministers also strongly criticized Russia's invasion of Ukraine and called on China to play a role in ending the conflict.

  • They also warned of the potentially severe consequences of an Israeli ground invasion of Rafah in the Gaza Strip.
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Ping An Profit Falls Unexpectedly on China Stock Market Rout: Ping An Insurance (Group) Co.’s profit unexpectedly fell 22.8% last year as stock-market declines ...
bloomberg.com/news/articles/2024-03-21/ping-an-profit-falls-unexpectedly-on-china-stock-market-rout
Ping An Profit Falls Unexpectedly on China Stock Market Rout
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XMAS & NEW YEAR: 4* Huihua International Hotel in Dongguan, China for only $27 USD per night (breakfast included)
secretflying.com/posts/4-huihua-international-hotel-in-dongguan-china-for-only-27-usd-per-night
XMAS & NEW YEAR: 4* Huihua International Hotel in Dongguan ...
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Octopus launched a pilot programme for the new China T-Union Card on Monday. The card can be used in more than 336 cities covered by the China T-Union ... Show more
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Hints of a yuan versus yen currency war: TOKYO – The costs of a chronically weak yen just grew by US$18 trillion as China’s economy, Asia’s biggest ...
asiatimes.com/2024/03/hints-of-a-yuan-versus-yen-currency-war/
Hints of a yuan versus yen currency war
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China's BYD pushes into emerging markets amid policy uncertainty in the U.S., Europe
cnbc.com/2024/03/19/tesla-rival-byd-pushes-into-emerging-markets-amid-western-uncertainty.html
China's BYD pushes into emerging markets amid policy uncertainty in the U ...
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Nissan Drops After Setting Targets for EVs, Car Sales to Compete With BYD: Nissan Motor Co. shares fell the most in six weeks after the Japanese automaker ...
bloomberg.com/news/articles/2024-03-26/nissan-drops-after-setting-new-mid-term-targets-for-evs-sales
Nissan Drops After Setting Targets for EVs, Car Sales to Compete With BYD
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Commentary: A battery price war is kicking off that could soon make electric cars cheaper
channelnewsasia.com/commentary/electric-vehicles-battery-price-war-cheaper-catl-byd-tesla-4211236
Commentary: A battery price war is kicking off that could soon make ...
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Crypto Hackers, Huawei’s Gamble, J-Pop: Saturday Asia Briefing: Something for the weekend.
bloomberg.com/news/articles/2024-03-23/crypto-hackers-huawei-s-gamble-j-pop-saturday-asia-briefing
Crypto Hackers, Huawei’s Gamble, J-Pop: Saturday Asia Briefing
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Singapore Airlines to suspend flights to Chengdu and Chongqing from March 31: SINGAPORE: Singapore Airlines (SIA) will suspend flights to Chengdu and Chongqing ...
thestar.com.my/aseanplus/aseanplus-news/2024/03/22/singapore-airlines-to-suspend-flights-to-chengdu-and-chongqing-from-march-31
Singapore Airlines to suspend flights to Chengdu and Chongqing from March ...
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Sales of electric cars are sluggish, the German car industry remains dependent on the combustion engine and there is also tough Chinese competition like BYD ... Show more
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The Biden administration is considering blacklisting a number of Chinese semiconductor firms linked to Huawei Technologies Co (HWT.UL) ... Show more
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‘Different logic’: China EV firm XPeng CEO says he will not speed into global market
channelnewsasia.com/asia/china-xpeng-tesla-byd-electric-vehicle-ev-price-war-global-expansion-he-xiaopeng-4213961
‘Different logic’: China EV firm XPeng CEO says he will not speed into ...
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China Property Developer Vanke Dollar Bonds Signal Fears of Default: Cash-strapped Chinese developer China Vanke Co. has been fighting to avoid its first-ever ...
bloomberg.com/news/articles/2024-03-13/china-vanke-s-dollar-bonds-signal-fears-of-default-down-the-road
China Property Developer Vanke Dollar Bonds Signal Fears of Default
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Hong Kong has dropped four places to 86th out of 144 countries and territories in the World Happiness Report. The three-yearly study was released on Wednesday ... Show more
Quick Glance: New Report: Kenya Ranks 114th in Happiness Index
  • For the seventh consecutive year, Finland has secured the title of the world's happiest country, with Kenya ranking 114th out of a total of 143 countries. Conversely, Afghanistan finds itself at the bottom of the ranking as the unhappiest nation.

  • The latest findings were unveiled on March 20, 2024, coinciding with the International Day of Happiness.

  • This annual report relies on six key factors, encompassing social support, income, health, freedom, generosity, and absence of corruption. The economic dimension serves as a pivotal gauge for happiness levels across different nations.

  • Attaining happiness is contingent on various elements like career progression and tackling specific challenges. The United Nations advocates for a harmonized economic growth strategy that fosters happiness and well-being for all.
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Bank of Ireland app: Some phone users may not be able to acccess account after update
irishtimes.com/your-money/2024/03/28/bank-of-ireland-app-message-leaves-users-with-older-phone-systems-unhappy/
Bank of Ireland app: Some phone users may not be able to acccess account ...
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BYD releases last year’s profit report, and it falls a little short: Chinese EV giant BYD just released its 2023 annual profit report, and it looks like it ...
electrek.co/2024/03/26/byd-releases-last-years-profit-report-and-it-falls-a-little-short/
BYD releases last year’s profit report, and it falls a little short
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OnePlus 12 review: with super bright display and super fast charging, phone is a match for Samsung, Google flagships
scmp.com/lifestyle/gadgets/article/3256219/oneplus-12-review-super-bright-display-and-super-fast-charging-phone-match-samsung-google-flagships
OnePlus 12 review: with super bright display and super fast charging ...
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BYD launches lower-priced version of its Tesla Model 3 rival electric sedan, starting at $25K
electrek.co/2024/03/25/byd-undercuts-tesla-model-3-with-its-new-electric-sedan/
BYD launches lower-priced version of its Tesla Model 3 rival electric ...
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Hong Kong’s Greater Bay Airlines CEO Plans to Step Down by April: Hong Kong carrier Greater Bay Airlines Co.’s Chief Executive Officer Stanley Hui is preparing ...
bloomberg.com/news/articles/2024-03-18/hong-kong-s-greater-bay-airlines-ceo-plans-to-step-down-by-april
Hong Kong’s Greater Bay Airlines CEO Plans to Step Down by April