Angela Wilkinson. Photo: IC Photo The head of the World Energy Council (WEC) warned that the global energy transition could be delayed by decades if countries choose to build their own supply chains rather than utilizing China’s existing production capacity. During a recent interview with Caixin, WEC Secretary General and CEO Angela Wilkinson said that the world needs China’s well-established clea...
Angela Wilkinson. Photo: IC Photo The head of the World Energy Council (WEC) warned that the global energy transition could be delayed by decades if countries choose to build their own supply chains rather than utilizing China’s existing production capacity. During a recent interview with Caixin, WEC Secretary General and CEO Angela Wilkinson said that the world needs China’s well-established clean energy supply chain regardless of how the Gulf crisis unfolds, dismissing concerns about the country’s alleged overcapacity in green transition-related products.
A senior manager at Goldman Sachs Group Inc. has sold his Hong Kong home to a private equity veteran for about $13 million, marking another high-profile residential transaction in the Asian financial hub. Ronald Lee , who leads the US firm’s Asia-Pacific private wealth management business, sold the property at Eden View in the Stanley area for HK$100 million ($12.8 million) last month, according t...
A senior manager at Goldman Sachs Group Inc. has sold his Hong Kong home to a private equity veteran for about $13 million, marking another high-profile residential transaction in the Asian financial hub. Ronald Lee , who leads the US firm’s Asia-Pacific private wealth management business, sold the property at Eden View in the Stanley area for HK$100 million ($12.8 million) last month, according to a land registry filing. It was sold to Deknam Ltd., a vehicle co-owned by Nik Rowold , a partner at CVC Capital Partners , company records show. The sale price is almost three times higher than the HK$35.2 million that Lee and his wife paid for the property in 2006. Business tycoons and finance veterans have been major buyers of high-end properties in the city in recent months as the real estate market shows signs of a rebound from a prolonged slump. For the buyer, the purchase price falls just below the threshold requiring a higher levy. Hong Kong’s government hiked the stamp duty for residential property transactions valued over HK$100 million to 6.5% from 4.25% in late February. Rowold joined CVC in 2016 and is based in London, according to the private equity firm’s website. He holds a license for its Asia-Pacific unit in Hong Kong, the Securities and Futures Commission’s website shows. Read more: Goldman Rakes In Record Wealth Revenue From Ultra Rich in Asia Representatives for Goldman Sachs and CVC declined to comment, while Lee didn’t respond to a request for comment.
With Julian Alvarez's Atletico Madrid future uncertain, European football expert Guillem Balague looks at how pivotal their Champions League run could prove.
With Julian Alvarez's Atletico Madrid future uncertain, European football expert Guillem Balague looks at how pivotal their Champions League run could prove.
Jonathan Kitchen South Korean AI chip startup DeepX is preparing to go public via a domestic initial public offering and said it is open to a possible U.S. listing later, underscoring ambitions to tap deeper capital pools and expand its global footprint. The company, which develops on-device AI chips designed for edge computing applications, said it will appoint underwriters after wrapping up its ...
Jonathan Kitchen South Korean AI chip startup DeepX is preparing to go public via a domestic initial public offering and said it is open to a possible U.S. listing later, underscoring ambitions to tap deeper capital pools and expand its global footprint. The company, which develops on-device AI chips designed for edge computing applications, said it will appoint underwriters after wrapping up its ongoing funding round in H1 2026. DeepX claims its chips significantly reduce energy consumption and cost compared with traditional GPUs, positioning it as a challenger in a market dominated by large companies. The startup works with companies like Hyundai and Baidu ( BIDU ), DeepX founder and CEO Lokwon Kim told Reuters . A potential U.S. listing, while not yet committed, would align the South Korean company with a broader trend among Asian semiconductor firms seeking higher valuations and capital. More on AI Recent AI Funding Problems Should Worry You AI Trade: Short CapEx, Long Profits Software Selloff Shows AI Acceleration Are small caps the next AI winners? We’re not seeing AI productivity gains yet – Apollo Global Management’s Torsten Slok
Jury Trials Are Vital To The Constitutional Order Authored by David Thunder via 'The Freedom Blog' substack, The Labour-led British government is currently attempting to hollow out an ancient pillar of English constitutionalism, trial by jury. Under their planned reforms, trial by jury would survive in England and Wales for certain types of crimes, but its use would be significantly curtailed. For...
Jury Trials Are Vital To The Constitutional Order Authored by David Thunder via 'The Freedom Blog' substack, The Labour-led British government is currently attempting to hollow out an ancient pillar of English constitutionalism, trial by jury. Under their planned reforms, trial by jury would survive in England and Wales for certain types of crimes, but its use would be significantly curtailed. For example, according to a government press release issued earlier this month, new “Swift Courts” will assign cases “with a likely sentence of three years or less” to be heard by “a Judge alone.” The campaign against jury trials, one of the most free-spirited and universally lauded institutions bequeathed to us by the common law tradition, would be baffling in a healthy constitutional regime. But sadly, it is predictable enough in a regime whose political leaders have developed the habit of tinkering with civil liberties as though they were trimming their lawn. Being an ancient institution that evolved gradually over a millennium, a significant restriction of jury trials would have unpredictable effects on the justice system. We simply do not know with any confidence how, in the long run, such a move would alter the incentives of prosecutors, change the pattern of convictions for different crimes, or alter public perceptions of the justice system. What we do know is that it would constitute a dangerous and completely unnecessary constitutional experiment, eroding one of the most time-honoured bulwarks of civil liberty. Furthermore, it is worth noting that according to an analysis published by the Free Speech Union , drawing on Ministry of Justice data, overall acquittal rates are much higher with juries than with magistrates’ courts (21.6% vs. 11.4%), and this difference also holds specifically for speech-related offences (27.6% vs. 15.9%). Assuming these figures are accurate, citizens will likely be much more vulnerable to prosecution and conviction if the use of jury trials...
Europe’s biggest airlines are pushing the European Union to introduce temporary measures to help them through potential jet-fuel shortages and higher costs caused by the Iran war.
Europe’s biggest airlines are pushing the European Union to introduce temporary measures to help them through potential jet-fuel shortages and higher costs caused by the Iran war.
A published report says that United Airlines has pitched senior government officials on whether it could get permission to merge with American Airlines, a transaction that if completed would lead to carrier controlling a third of the market.
A published report says that United Airlines has pitched senior government officials on whether it could get permission to merge with American Airlines, a transaction that if completed would lead to carrier controlling a third of the market.