Tech investments in China are focused on 3 trends, says Antler

first_imgSuch wireless ecosystems would contribute to the overall effort to combat climate change, which is an area that investors are increasingly paying attention to, he said.Eric Lin, head of research at UBS Securities in China, said Chinese investors are looking more at ESG research. ESG stands for environmental, social and governance factors that investors consider when deciding which assets to put their money in.For example, investors may consider whether their investments are generating returns from driving positive changes in the world, or simply supporting something that’s not doing harm.Typically, such investments “tend to generate higher risk-adjusted returns,” which is good news for investors, said Lim, who spoke on the same panel. He added that “hot sectors” that attract investors in China include renewable energy and electric vehicles. – Advertisement – The next trend Wang shared is greater use of smart devices, which account for only 5% of household appliances in China, compared with around 20% to 30% in the U.S.“In the future, I believe, we will have this (percentage) go up to at least 30% to 40%, even to 50%” in China, he said. (L-R) Hongye Wang, partner of Antler; Eric Lin, head of research at UBS Securities in China; and Evelyn Cheng of CNBC on the first day of CNBC’s East Tech West conference in Nansha, Guangzhou on Nov. 17, 2020.Dave Zhong | Getty Images for CNBC Wang added that more of those devices — such as televisions and fridges — are likely to be wireless, which is the third and final trend that he sees. Going wireless means devices would need better batteries and power-control systems, he noted.- Advertisement – China, already home to technology giants such as Alibaba and Tencent, has more to offer to investors as the coronavirus pandemic accelerated tech adoption globally, a partner at an early-stage venture capital firm said on Tuesday.  Tech investments in the Asian economic giant are headed into three broad areas, Hongye Wang, a partner at Antler, said at CNBC’s annual East Tech West conference in the Nansha district of Guangzhou, China.First, he said that while e-commerce has a large presence in China, the pandemic has moved more activities online, such as education and medical services. That can grow even more in the future, he said during a panel discussion moderated by CNBC’s Evelyn Cheng.- Advertisement – – Advertisement –last_img read more

UK slave trader’s statue toppled in anti-racism protests

first_imgProtesters tore down the statue of a notorious British slave trader Sunday and dumped it in a harbor on the second day of demonstrations against George Floyd’s death.Footage showed a few dozen people tie a rope around the neck of Edward Colston’s statue and bring it to the ground in the southwestern city of Bristol.They stamped on it for a few minutes before carrying it and heaving it into the harbor with a great cheer. ‘Good’ Bristol mayor Marvin Rees struck a more conciliatory tone than the one adopted by Britain’s interior minister.”I know the removal of the Colston Statue will divide opinion, as the statue itself has done for many years,” the mayor said in a statement.”However, it’s important to listen to those who found the statue to represent an affront to humanity.”Colston grew up in a wealthy merchant family and joined a company in 1680 that had a monopoly on the west African slave trade.The Royal African Company (RAC) was formally headed by the brother of King Charles II who later took the throne as James II.The company branded the slaves — including women and children — with its RAC initials on their chests.It is believed to have sold around 100,000 west Africans in the Caribbean and the Americas between 1672 and 1689.Colston later developed a reputation as a philanthropist who donated to charitable causes such as schools and hospitals in Bristol and London.His 18-foot (5.5-meter) bronze statue stood on Bristol’s Colston Avenue since 1895. The city also has a school named in his honor.The Guardian newspaper said a local petition to remove the statue had gathered 11,000 signatures by the weekend.UK opposition Labor party lawmaker Clive Lewis welcomed its toppling by the crowd.”Good,” Lewis tweeted.”Someone responsible for immeasurable blood & suffering. We’ll never solve structural racism till we get to grips with our history in all its complexity. #BLM” Red paint was splashed on Colston’s face and a protestor put his knee to the statue’s neck to recall how Floyd — an unarmed African American — was asphyxiated by a white policeman in the US city of Minneapolis last month.”The man was a slave trader. He was good to Bristol but it was on the back of slavery and that is absolutely not on. It’s an insult to the people of Bristol,” 71-year-old protestor John McAllister told Britain’s Press Association.”Today I witness history,” another witness named William Want tweeted.”The statue of Edward Colston, a Bristol slave trader, was torn down, defaced, and thrown in the river. #BlackLivesMatter.” Topics : But interior minister Priti Patel called the toppling “utterly disgraceful”. The city’s police promised to carry out an investigation.”That speaks to the acts of public disorder that actually have now become a distraction from the cause which the people are actually protesting about,” Patel told Sky News.”That is a completely unacceptable act and speaks to the vandalism, again, as we saw yesterday in London.”The London police reported making 29 arrests during a day of largely peaceful protests Saturday that included a few scuffles with officers protecting the government district around Downing Street.Prime Minister Boris Johnson condemned the sporadic violence but did not directly address the toppling of the statue.”These demonstrations have been subverted by thuggery — and they are a betrayal of the cause they purport to serve,” Johnson said in a tweet.”Those responsible will be held to account.”last_img read more

Jamie Carragher slams ‘shocking’ Granit Xhaka after West Ham opener against Arsenal

first_img Metro Sport ReporterMonday 9 Dec 2019 9:10 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link137Shares Jamie Carragher slams ‘shocking’ Granit Xhaka after West Ham opener against Arsenal Advertisement Comment Xhaka was criticised by Carragher (Picture: AP)Jamie Carragher did not hold back in his assessment of Granit Xhaka, branding the midfielder as ‘shocking’ for his role in West Ham’s opener against Arsenal.The Swiss midfielder did little to get in the way of centre-back Angelo Ogbonna, who charged in to head Manuel Pellegrini’s side ahead.It capped the end of a miserable half for Arsenal, who failed to muster a shot on target, and gave interim coach Freddie Ljungberg another tough team talk to dish out at half-time. West Ham celebrated getting their noses in front (Picture: Action Images via Reuters)Ljungberg had left some of the biggest culprits for defensive errors out of the side, with David Luiz dropping out of the starting XI and Shkodran Mustafi not even making the bench, but Xhaka came into Carragher’s line of fire once more for his lack of effort to stop his team falling behind.AdvertisementAdvertisementADVERTISEMENT‘When we cover Arsenal there are always two or three fall guys we seem to attack,’ Carragher told Sky Sports.‘People may actually think it’s bullying in some ways when we do our analysis. We always mention David Luiz…More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘Xhaka here is shocking. The ball comes across there and he’s going for the ball and he just ducks out of it.‘He may not have got there but do more. Put him off, hit his shoulder, put him off the header… do something!’Should Granit Xhaka be dropped?Yes0%No0%Share your resultsShare your resultsTweet your resultsMORE: Arsenal view Thomas Tuchel as strong candidate to become new managerMORE: Freddie Ljungberg reveals why Martinelli, Pepe and Chambers start with Lacazette & David Luiz dropped Advertisementlast_img read more

Netherlands roundup: ​Parliament demands cost review of new pensions system

first_imgSource: CDAPieter Omtzigt, CDAHe argued that the ultimate pension benefits could be reduced by up to 30% as a consequence of excessively high costs.The Dutch parliament also demanded a qualitative analyses of the two new pension contracts that were being developed by a steering group of social partners and the government.The analyses must address the issues of  “collectivity, solidarity, certainty for participants as well as an adequate compensation for all generations”, the motion stated.Owase pension fund to join consolidation vehicleDutch company pension fund Owase has decided to transfer its pensions arrangements to a general pension fund (APF).In its 2018 annual report, the board said joining the consolidation vehicle would bring the €857m scheme under independent professional trustees, with Owase getting a say through the APF’s stakeholder body.Owase, which serves 26 employers including its founder, tubing manufacturer Wavin, declined to provide details about the APF.The pension fund also serves Hardenberg-based Dion Pensioen Services, which provides Owase with administration services.When the scheme joins the consolidation vehicle, Dion will lose one of its larger clients, which also include the Dutch pension funds of CitiGroup, PepsiCo, British American Tobacco and Ford.Martin Lemmers, director of Dion Pensioen Services, said he expected to welcome new clients “as smaller pension funds in particular felt at home with a smaller pensions provider”.Owase, which has a collective DC plan, attributed its reported costs per participant of €573 to the ever stricter legal rules and regulation for pension funds. At the end of May, its coverage ratio stood at 118.9%. In Omtzigt’s opinion, the introduction of a new pensions contract was the right moment to set new rules to protect participants. The Dutch parliament has asked the cabinet for an independent external survey into the implementation costs of both the current and the envisaged new pensions systems.A large majority of members of the lower house backed the motion, which also called for guarantees for low costs.The motion was initiated by Pieter Omtzigt, MP for the Christian Democrat party CDA, who said he feared that the transition from the current collective pensions contract to an individual one would lead to a significant cost increase.He cited the “nightmare scenario of Australia”, where he claimed that pensions reform 10 years ago “has caused costs to increase fourfold”.last_img read more

Anthony Davis misses 4th consecutive Lakers game

first_imgEL SEGUNDO — For the fourth consecutive game, the Lakers had to do without Anthony Davis.In the morning shootaround, Coach Frank Vogel confirmed Davis, who has been recovering from a bruised backside for more than a week now, would miss another game. As of Tuesday, Davis told the media he had not sprinted nor taken contact. Wednesday morning saw some progress, but not much more.“He moved a lot more,” Vogel said. “It wasn’t live action. The coaches bumped him around a little bit trying to test it. He’s still not ready.”With two days before a five-game trip through Houston then the Northeast, the Lakers are hoping to get a practice incorporating Davis by Friday. They’ll play Houston on Saturday, and all parties would like Davis to return by then. If he isn’t ready to play before the trip, Vogel said the team could possibly squeeze in live work during an off-day through Boston, New York (two games) or Philadelphia. On Tuesday, the WNBA agreed in principle to new terms on a deal with the players association that will raise the average salary of the game above six figures. The deal notably increases the percentage of revenue players receive, improves travel accommodations and offers paid maternity leave. The WNBPA has worked for the better part of a year to hammer out new terms with the league, which is operated by the NBA.James voiced his support for the WNBA and its players on reaching new terms.“Hopefully it means that continued greatness is on the rise,” he said. “I mean, it’s a big step in their league. I’m happy for all the women that’s a part of that league, both on the floor and off, and I just hope they continue their success.” AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersKyle Kuzma started for Davis for a fourth straight game after filling in robust scoring production in the previous three contests, averaging 24.3 points while shooting nearly 50 percent from the field and over 35 percent from 3-point range. Kuzma’s production has been a huge reason the Lakers have managed to skate by without Davis (and without LeBron James against the Oklahoma City Thunder).“It’s really been a great time for Kuz to climb the rope,” Vogel said. “He struggled to catch a rhythm in this system early in the year, battling the injuries and having a new role than he had last year. But just to get the minutes that he’s getting right now and to find an offensive rhythm and tighten up the defensive coverages, I think it’s an invaluable time for him, in particular.”Rajon Rondo (right ring finger non-displaced fracture) also sat out against Orlando, his second straight absence. Rondo was seen after practice doing individual skill work with assistant coach Phil Handy with a wrap on his right hand.Rondo injured his hand twice last season while missing extended time for the Lakers. Vogel said he was unsure if Rondo would wear a protective wrapping upon his return.JAMES LAUDS WNBA LABOR AGREEMENTLeBron James has been involved in labor disputes before, so he can understand how tough agreements can be.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more