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05.03.26 - 04:24
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China′s venture capital revival, fuelled by state cash, faces risk of losing momentum (SCMP)
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The momentum in China's venture-capital industry, which is recovering after years of decline, is likely to continue this year, mainly bolstered by government financing, but an expert warned that the lack of funding diversity poses a hidden risk.
Fundraising picked up in 2025, with most of the gains coming from government sources, as central policymakers loosened rules to allow local governments to issue more bonds to finance government guidance funds, according to a report released on Tuesday by......
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05.03.26 - 04:18
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Tanker Hit By "Large Explosion" In Waters Off Kuwait, Causing Oil Spill (ZeroHedge)
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Tanker Hit By "Large Explosion" In Waters Off Kuwait, Causing Oil Spill
In the most dramatic escalation yet involving shipping in the Persian Gulf, the United Kingdom Maritime Trade Operations (UKMTO), a British naval authority responsible for monitoring shipping safety in high-risk areas, said it received a report that around 1040pm UTC, a "large explosion" took place 30 nautical miles south east off Mubarak Al Kebeer, on the coast of Kuwait. The report notes that "there is oil in the water coming from a cargo tank" which could have a disastrous environmental impact, especially if its reaches the desalinization plants that keep much of the Gulf population alive, literally.
The tanker, which was at anchor in the Khor al-Zubair lightering zone - a critical area for loading Iraqi heavy fuel oil exports - began taking on water following the blast. Oil was seen leaking from a damaged cargo tank into the surrounding waters, prompting concerns over potential environm...
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05.03.26 - 04:18
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China-Linked Bulk Carrier Exits Strait Of Hormuz Without Incident (ZeroHedge)
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China-Linked Bulk Carrier Exits Strait Of Hormuz Without Incident
Maritime tracking data shows a China-linked bulk carrier exiting the Strait of Hormuz without incident, a notable development that comes just hours after a report stated Tehran would permit Chinese vessels to transit the critical maritime chokepoint, despite much of the narrow waterway being paralyzed.
Bloomberg data shows the bulk carrier Iron Maiden has successfully transited the narrowest part of the waterway without incident.
MarineTraffic data indicates the ship has a "China Owner" and has a port call in China.
Earlier, New Delhi Television reported:
Iran has said it will allow only Chinese vessels to pass through the Strait of Hormuz as an expression of gratitude for Beijing's stance toward Tehran since the war in the Middle East began, sources have said. This is significant because the Strait, which provides Persian Gulf ports access to the open sea, is a key chokepoint that Iran has blocked since the conflict ...
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