Share to Twitter Share to Linkedin NWS Holdings —a unit of New World Development that’s controlled by billionaire Henry Cheng and his family—has agreed to buy six logistics properties in China from Australia’s Goodman Group for 2.29 billion yuan ($338 million) as the Hong Kong-based developer seeks to tap the e-commerce boom, while divesting aircraft leasing firm Goshawk Aviation Ltd. In regulatory filing on Monday, NWS said it and Chow Tai Fook Enterprises, also controlled by the Cheng family, have agreed to sell Goshawk , which owns and manageds over 200 aircraft, to Japan’s SMBC Aviation Capital for a cash consideration of $1.67 billion, valuing the Dublin-based aircraft leasing company at $6.7 billion. “The transaction presents an excellent opportunity for NWS to unlock value for our shareholders and mitigate uncertainties and volatilities caused by macro factors such as changes in interest rates and the Covid-19 pandemic,” Eric Ma, CEO of NWS, … [Read more...] about Billionaire Cheng Family’s New World Buys China Logistics Assets, Sells Aircraft Leasing Firm
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Share to Twitter Share to Linkedin For some newspapers, the imposition of speeding fines is a “war on the motorist.” The latest front in this supposed war is led by a group not usually noted for radical anti-car tendencies. According to the headline on a double-page spread in yesterday’s Daily Telegraph the “elite are determined to kill off the car.” Folks from the elite tend to be Tesla and Lamborghini owners, so it’s a strange claim for the Telegraph to make. What is the newspaper basing its claim on and is the car really as endangered as the giant panda or the black Rhino? The claim, it turns out, is based on “increasing insurance premiums, new city charging zones and pollution-busting road restrictions.” In the face of such existential threats, the number of motor vehicles must have decreased, then? Hardly. The Telegraph itself admits: “The number of licensed cars on the roads has increased virtually every year over the … [Read more...] about Why Do So Many Motorists Feel Persecuted When In Reality They Rule The World?
King and his court: Novak Djokovic at last year's French Open PARIS - Novak Djokovic admits he will be fired up by the fiasco of his high-profile deportation from Australia when he targets a record-equalling 21st major on his Grand Slam return at the French Open. World number one Djokovic captured a second Roland Garros title in 2021 followed by a sixth Wimbledon to move to 20 majors alongside Roger Federer and Rafael Nadal. However, his unseemly exit from Melbourne following his refusal to be vaccinated opened the door for Nadal to claim a second Australian Open and 21st Grand Slam crown. "It's something that I never faced before," said Djokovic, who turns 35 on Sunday, the opening day of the French Open. "The amount of pressure and everything that I was feeling in the first few months of the year, as much as I've felt pressure in my life and my career, that was something really on a whole different level." Djokovic has played only five tournaments in 2022 but arrives in … [Read more...] about Fired-up Djokovic braced for Alcaraz and Nadal challenge at French Open
The WHO has said it is 'deeply concerned' about the Covid outbreak in North Korea SEOUL - North Korean leader Kim Jong Un said the negligence and laziness of state officials worsened the country's Covid outbreak, state media reported Wednesday, as the number of known cases crossed 1.7 million. The nuclear-armed country reported its first coronavirus cases last week, and the Omicron variant-fuelled outbreak has since ballooned -- marking the failure of a two-year blockade maintained since the start of the pandemic. Chairing a meeting of the ruling party's Politburo on Tuesday, Kim said there was "immaturity in the state capacity for coping with the crisis" and slammed the "non-positive attitude, slackness and non-activity of state leading officials", the official Korean Central News Agency (KCNA) reported. North Korea recorded 232,880 new cases of "fever" as of Tuesday evening, bringing the total number to 1.72 million with 62 deaths, KCNA said. State media reports do not … [Read more...] about Kim slams negligent officials over spiralling N. Korea Covid outbreak
FILE PHOTO: Taiwan flags can be seen at a square ahead of the national day celebration in Taoyuan, Taiwan, October 8, 2021. REUTERS/Ann Wang SEOUL — North Korean leader Kim Jong Un slammed his country’s response to its first officially confirmed COVID-19 outbreak as “immature,” accusing government officials of inadequacies and inertia as fever cases swept the country, state media reported on Wednesday. North Korea reported 232,880 more people with fever symptoms, and six more deaths after the country’s first admission of the COVID outbreak last week. It did not say how many people had tested positive for COVID-19. Presiding over a politburo meeting of the ruling Workers’ Party on Tuesday, Kim said the “immaturity in the state capacity for coping with the crisis” increased the “complexity and hardships” in fighting the pandemic when “time is the life”, according to the KCNA. Since its first acknowledgement of the COVID-19 outbreak, the North has reported 1.72 million patients … [Read more...] about North Korean leader Kim slams officials’ ‘immature’ response amid COVID outbreak
Share to Twitter Share to Linkedin I’ve made it no secret that Ace & Jig is one of my all-time favorite fashion brands. Since I first laid eyes on their gorgeous, often reversible textiles in 2014, I’ve been a dedicated follower and fan. When the world seemed to fall apart two-plus years ago under the fog of a global pandemic, I worried about all my favorites in fashion, and top on the list was Ace & Jig. Ace & Jig has a cult following, in large part thanks to the brand’s original, colorful textiles, which are designed completely in house by founders Jenna Wilson and Cary Vaughan. It’s a laborious process of collaborating with craftspeople in India to combine the colors and textures that will bring the design duo’s visions to life. But the stunning, truly unique results are well worth it. One way the team survived the pandemic was to use previous season’s textiles with new designs. Thank goodness, it worked! And it makes … [Read more...] about Ace & Jig’s Spring 2022 Assortment Features All New Bespoke Textiles
Share to Twitter Share to Linkedin P oker chips, high stakes, and big money. Throughout last week, a few yards away from the Caribbean's largest casino in the Bahamian capital, Nassau, about 2,000 people gathered at the Baha Mar resort’s convention center to discuss cryptocurrencies and the next iteration of the World Wide Web a.k.a Web3. Just last month, a similar albeit much larger crowd took over Miami Beach to pay homage to the invention that started it all—bitcoin. But if the 25,000-person expo in South Florida felt like Coachella for the bitcoin faithful , the latest summit, dubbed “Crypto Bahamas”, inched closer in resemblance to the World Economic Forum’s Davos conference, not minding the casual dress code. Pretty much everyone from CEOs to developers wore flip-flops, sneakers, and t-shirts bearing slogans such as “NFTs are a scam” and “Burnt Finance”. Co-organized by billionaire Sam Bankman-Fried’s crypto derivatives exchange FTX and the … [Read more...] about Royal Flush: Inside Crypto’s Most Exclusive Gathering
They are both beautiful countries and stand out amongst their south east asian counterparts for their food, culture and scenery. But which one is your choice for travelling or living in? Here are some introductory thoughts… Influences Thailand is a constitutional monarchy and the former king, King Bhumibol, was greatly loved and respected. His son, King Maha Vachiralongkorn, now maintains the customs and traditions of the Thai monarchy. His coronation was an elaborate ceremony in May 2019 celebrated by all Thais. The main religion in Thailand is Theravada Buddhism. Monks retain high status and are a big part of daily life, from festivals to daily blessings. Young Thai men become novice monks for a period – usually 1-3 weeks – to earn “merit” for their families. Thailand is a hodge podge of old culture and traditions fused with modern western influences – often at the same time. Thais celebrate everything and are reasonably tolerant to all cultures. Thai people always try … [Read more...] about Vietnam versus Thailand – which is the best for travel or living?
Share to Twitter Share to Linkedin Stretched all around you, the myriad tones of blue are simply dazzling – turquoise, cyan and peacock all swirling into one endless expanse of ocean. But ‘blue’ is the last thing you feel here – for, before you’ve even been greeted by your spa host, you are in an upbeat mood. The wooden boardwalk, which takes you to the tree-top ‘village’ is sun-baked and hot, hot, hot on your bare feet – you discarded your flip flops a long time ago – so, you hop and skip, in gleeful, child-like fashion, until you get to the shade. Soneva Jani is found in the Maldives’ Noonu Atoll. It is one of the last resorts in the Maldives’ islands, which sit in the Indian Ocean like a string of pearls. It is located at the furthest reaches of the country – head north and the next stop is India, north east and you’ll reach Sri Lanka. It feels remote and otherworldly. It is remote and otherworldly. Jutting out over the cobalt-kaleidoscopic … [Read more...] about How The New Soneva Soul Is Putting The Maldives On The Map For Wellness
- A + A KUALA LUMPUR (May 17): Dagang NeXchange Bhd (DNeX) has teamed up with a unit of Taiwanese giant Hon Hai Precision Industry Co Ltd (better known as Foxconn) to build and operate a wafer fabrication plant in Malaysia. In a filing, DNeX said it has inked a memorandum of understanding (MoU) with Foxconn's wholly-owned subsidiary, Big Innovation Holdings Ltd (BIH), to set up a joint venture company for that purpose. The proposal is to build and operate a 12-inch wafer fabrication plant here, capable of producing up to 40,000 wafers per month in 28-nanometer and 40-nanometer technology. "The entry into the MoU forms a basis of commitment between the company and BIH to undertake the agreed role and responsibilities in creating a mutual understanding of the strategy and business needs between the parties," DNeX said. This will enable broader understanding for the benefits and opportunities of working with each other and create opportunities for future … [Read more...] about DNeX inks MoU with Foxconn unit to build and operate wafer fabrication plant in Malaysia