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18.02.26 - 14:01
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China Doesn′t Want Russia to Lose Ukraine War: Chatham House CEO | The Pulse 2/18 (Bloomberg)
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"The Pulse With Francine Lacqua" is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London, we go wherever the story is, bringing you exclusive interviews and market-moving scoops.
Today's guests: Derek Halpenny, MUFG, Global Markets Head of Research; Bronwen Maddox, Chatham House, CEO; Diane Garrett, Hycroft Mining, CEO. (Source: Bloomberg)...
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18.02.26 - 14:00
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Peru Removes President After Scandal Tied To Chinese Contractor (ZeroHedge)
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Peru Removes President After Scandal Tied To Chinese Contractor
Peru's Congress voted on Tuesday to remove President Jose Jeri from office following a series of undisclosed late-night meetings at a Chinese restaurant with a Chinese state contractor, setting off a political scandal dubbed “Chifagate”, a reference to the country's Chinese-Peruvian fusion cuisine.
According to SCMP, lawmakers voted 75-24, with three abstentions, to censure Jeri over the unregistered encounters with businessman Zhihua Yang, whose companies have supplied the state and who owns the restaurant and a wholesale outlet in Lima.
The vote took place during an extraordinary session in which seven censure motions, filed between January 21 and January 27, were admitted and debated together. An attempt by Jeri's party, Somos Peru, to argue that only a presidential vacancy procedure could remove him was defeated 71-34.
Jeri did not attend the debate, maintaining that the censure process denied him the right to mount a ...
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18.02.26 - 10:00
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China′s biotech boom sends price of lab monkeys for drug tests climbing (SCMP)
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A surge in drug research in China has driven the cost of a laboratory monkey to about 140,000 yuan (US$20,260), a sum that exceeds the country's average annual wage.
Official government procurement records showed that prices had doubled in the last five years for such monkeys, which are widely used in the preclinical stage to check whether a drug is safe and how it is absorbed, broken down and cleared by the body.
Analysts said the soaring cost was underpinned by a flood of drug-licensing deals......
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18.02.26 - 09:06
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White cars, cheaper insurance: how AI is changing automotive services in China (SCMP)
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Owning a white vehicle in China may mean lower car insurance premiums because it is less likely to get in an accident, according to an executive from SunCar Technology Group, which uses artificial intelligence from ByteDance to personalise services.
“This is what we found based on our massive data,” said SunCar chief strategy officer Breaux Walker in an interview with the South China Morning Post.
Other factors also affect premiums, including car usage, commuting routes and driving habits.......
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18.02.26 - 08:51
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Aktien Asien: Japanische Börse erholt (DPA-AFX)
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TOKIO/SHANGHAI/HONGKONG/SYDNEY (dpa-AFX) - Die asiatischen Aktienmärkte haben am Mittwoch leicht zugelegt. Da an den Börsen Chinas, Taiwans und Südkoreas feiertagsbedingt weiterhin kein Handel stattfand, verlief das Geschäft ruhig.Der ......
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18.02.26 - 08:36
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CATL′s battery game changer, Tesla′s AI training centre in China: 7 EV reads (SCMP)
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We have put together stories from our coverage on electric and new energy vehicles from the past two weeks to help you stay informed. If you would like to see more of our reporting, please consider subscribing.
1. China becomes Brazil's biggest vehicle exporter in January, surpassing Argentina
China surpassed Argentina in January to become Brazil's largest exporter of vehicles, solidifying Chinese brands' dominance in the region's biggest car market and undercutting a long-standing Argentine......
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18.02.26 - 07:24
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China′s dancing robots: how worried should we be? (The Guardian)
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Eye-catching martial arts performance at China gala had viewers and experts wondering what else humanoids can doDancing humanoid robots took centre stage on Monday during the annual China Media Group's Spring Festival Gala, China's most-watched official television broadcast. They lunged and backflipped (landing on their knees), they spun around and jumped. Not one fell over.The display was impressive, but prompted some to wonder: if robots can now dance and perform martial arts, what else can they do? Continue reading......
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18.02.26 - 07:24
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US and Japan unveil $36bn of oil, gas and critical minerals projects in challenge to China (The Guardian)
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Donald Trump says deals 'end our foolish dependence on foreign sources', while Japanese PM hails enhanced economic securityJapan has drawn up plans for investments in US oil, gas and critical mineral projects worth about $36bn under the first wave of a deal with Donald Trump.The US president and Sanae Takaichi, Japan's prime minister, announced a trio of projects including a power plant in Portsmouth, Ohio, billed by the Trump administration as the largest natural gas-fired generating facility in US history. Continue reading......
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