The_King

That tyre company? The best food I eaten was the food spend yr to fine tune to my taste buds Just like my herbal bkt. I will only eat my own version

I take umbrage at your post. Move aside la. Who can burn as much as umbrage. 2 company you know

Wan Long, the founder of WH Group, the world’s largest pork producer , has stepped down as the company’s chief executive, leaving his empire in the hands of non-family members after his son was unceremoniously booted out two months ago. The Hong Kong-listed firm has appointed Guo Lijun, who assumed the role of chief financial officer in 2016, to succeed 80-year-old Wan, according to a filing to the stock exchange. The personnel change, effective immediately, followed the sacking of Wan Hongjian, 52, in June for misconduct. WH said he was guilty of “aggressive behaviour” against the company’s properties, without elaborating on the circumstances. Wan Long, who owned 23.34 per cent of the company at the end of 2020, will continue to be its chairman. Wan Hongjian, the 52 year-old son of outgoing CEO Wan Long, was stripped of his roles as executive director, deputy chairman, and vice-president. Photo: SCMP Handout “Succession of family businesses in China often has a huge impact on the companies’ fundamentals,” said Zhou Ling, a fund manager with Shanghai Shiva Investment. “Power transfer can cause some turbulence in the businesses if the family members cannot get along with each other well.” In the filing, the company said that Wan Hongwei, 47, another son of the founder, would be appointed as an executive director and deputy chairman. His older brother, Wan Hongjian, was an executive director and deputy chairman before he was stripped of his roles. He was responsible for WH’s international trading business. WH, whose operating base is in Henan province , owns US-based pork producer Smithfield Foods, which it acquired in 2013. Guo, 50, is a veteran accountant with more than 20 years of experience in overseeing financial operations at various companies. He became an executive director of WH at the end of 2013 and took the CFO role three years later. Dozens of China’s public companies are undergoing major reshuffles as their founders pass control to the next generation. The first generation of Chinese entrepreneurs set up companies in the sectors of manufacturing, construction, property and trade in the 1980s and 90s as the country embarked on a market-based reform process. Their enterprising spirit and high risk appetite netted them vast fortunes and made some of them the richest people in the country. A transition of the Chinese economy into a consumption-driven pattern has prompted many family businesses to conduct overhauls to survive a slowdown. Many second generation members of family-run companies are now considering entering into businesses with a more global perspective. Part of the families’ wealth might be allocated to foreign equities or properties as a way of diversifying assets.

(Reuters) - Gold rose more than 1% on Friday as a retreat in the dollar enticed investors to snap up the bullion following its recent sell-off. Spot gold rose to $1,772.80 per ounce by 10:26 a.m. EDT (1426 GMT), after hitting its highest in more than a week at $1,774.30, in a sharp recovery from over four-month lows touched on Monday. U.S. gold futures rose 1.4% to $1,775.80. The dollar index fell 0.4% and U.S. benchmark 10-year treasury yields also weakened, bolstering gold's appeal. Providing further support to bullion was increased physical demand, particularly from top consumers India and China, where premiums rebounded to multi-month highs. [GOL/AS] TD Securities commodity strategist Daniel Ghali said gold's pull back from Monday's lows was largely driven by technicals, with increased central bank purchases providing additional support. "But, this pullback could just be a temporary move higher," Ghali said, noting that speculative interest was waning, amid rising expectations that the U.S. Federal Reserve could cut back on economic support sooner. The taper bets got a fillip from a strong U.S. jobs report last week. "The picture remains nuanced; as positive signs in the labour market and spikes in producer prices support the view that the Fed will bring forward the timing of tapering, but the latest consumer price increases supported the view that inflation spikes are transitory," said Ricardo Evangelista, a senior analyst at ActivTrades. "Amidst the mixed signals, investors anticipate what will emerge from the Fed's Jackson Hole meeting later this month." While gold is seen as a hedge against inflation, higher interest rates dull the bullion's appeal by raising its opportunity cost. Silver gained 2.5% to $23.74 per ounce, but was down about 2.6% for the week. Platinum rose 0.7% to $1,025.37 and palladium was up 1.1% at $2,653.33.

SINGAPORE — Two men who came across an online forum that sold illegally-obtained credit card details decided to buy the details to book taxi rides. One of the men, Julian Sim Mong Teck, also decided use the stolen details to pay for groceries made through an NTUC mobile application. Sim, a Singaporean, was jailed for seven months on Friday (13 August) after he pleaded guilty to two charges under the Computer Misuse Act over the usage of the fraudulently-obtained credit card details. Two charges of a similar nature were taken into consideration for his sentencing. The case against his co-accused Ang Soon Loo, 45, has been fixed for a plead guilty mention on 10 September. Sim, 35, and Ang came across the forum that sold credit card details for around $10 per card. They purchased the details and used them to book taxi rides on Comfort Transportation’s mobile application. The application could be linked to credit cards to make payment for when the trip was completed. The application was also linked to the server of the firm’s DBS bank to receive payments. To avoid detection, the duo would create accounts on the application with fictitious identities. A management executive with Comfort Transportation lodged a police report on 17 April last year, stating that between 19 March and 8 April 2020, the company received 98 disputed taxi fare charges amounting to $1,577.20 that were incurred by six credit cards issued by a Brazilian bank, Banco Bradesco S.A. Ang and Sim’s identities were established through CCTV footage retrieved from the taxis. The pair were arrested on 4 May last year. Bought milk powder with stolen credit card details to resell Sim also used the credit cards details to pay for his own groceries through NTUC Fairprice’s online mobile application, known as “Scan & Go”. A person shopping at NTUC supermarket could use the app to scan the barcodes for items, which would then be added to a virtual cart. A person could then pay for the scanned items with a credit card. A successful payment would generate a receipt which could be scanned at a kiosk, allowing a customer to leave the supermarket with the purchased items. In March last year, Ang told Sim about the application, and the latter decided to use the illegally-obtained credit card details to buy groceries using the app. He created 14 accounts – linked to the credit card details – on the application using fictitious email addresses and phone numbers. He would then shop at NTUC supermarkets with his girlfriend, or other persons, and buy groceries. He would also buy tins of milk powder to sell to others online for a profit. Sim also roped in a friend he knew from National Service, Saifullizam Seman, 35, to help him in the scheme. He instructed Saifullizam to go to various supermarkets to take and send him photos of milk powder tins. He would then scan the barcodes of these items, buy them with the compromised credit cards, and get Saifullizam to deliver the milk powder to him. He paid Saifullizam $250 per trip. From 7 to 30 April last year, over nine days and 84 transactions, Sim purchased items amounting to $19,206.40 with Saifullizam’s help, using the “Scan & Go” application and stolen credit card details of at least 31 different credit cards. Sim estimated that he paid Saifullizam $2,500 in total while he had earned approximately $10,000 from reselling milk powder. According to Sim, he gambled $10,000 of his profit away online. NTUC made police report NTUC Fairprice Co-Operative Limited Singapore’s Head of offline-to-online grocery business department, Choong Woon Hun lodged a police report on 2 May due to the multiple disputed credit card transactions incurred by credit cards issued by foreign banks. NTUC had detected 319 disputed transactions between March and April and subsequently had to issue chargebacks on these transactions, resulting in a loss of $49,269.51. Saifullizam's case is fixed for a further mention on 27 August. Sim has since made full restitution. Deputy Public Prosecutor Kenneth Kee sought at least six months' jail for the offences, citing general deterrence as the "primary sentencing consideration to connote the signal that the misuse of credit card details will not be condoned". DPP Kee described the offences as "relatively sophisticated in nature" due to the steps he took to mask his identity. District Judge Kamala Ponnampalam noted that the scheme was a "relatively elaborate operation" given that Sim had also used fake identities for his accounts.

Here’s a quick look at the 12 new editions and what they have to offer: Fei Fei Roasted Noodle located in Yuhua Village Market and Food Centre Heng Heng Cooked Food located in Yuhua Village Market and Food Centre Lai Heng Handmade Teochew Kueh located in Yuhua Village Market and Food Centre Kwang Kee Teochew Fish Porridge located in Newton Food Centre Jun Yuan House of Fish located in Old Airport Road Food Centre Hainan Zi located in Chong Pang Market and Food Centre Soh Kee Cooked Food located in Jurong West 505 Market and Food Centre Joo Siah Bak Ku Teh located in Kai Xiang Food Centre Jian Bo Tiong Bahru Shui Kueh located in Jurong West 505 Market and Food Centre These are the three restaurant establishments featured on the list: Kotuwa located in Jalan Besar serves seafood-based Sri Lankan dishes The Coconut Club located in Ann Siang Hill dishes out hearty nasi lemak and other nasi padang-style dishes Da Shi Jia Big Prawn Mee on Killiney Road is known for their soulful prawn noodle soup and fried prawn noodles.

A man in India reportedly sank his teeth into a snake and killing it in an odd case of ‘revenge’, after the snake bit him first when he was on his way home. Kishore Badra, from Gambharipatia village in Jajpur district in eastern India’s Odisha state, was returning home after finishing work on a paddy field on Wednesday when a snake bit his leg. It is advisable to consult a medical doctor immediately after a snakebite. Mr Badra, however, sought “revenge” and caught hold of the snake, after which he bit it repeatedly, killing it in the process. “Something bit on my leg while I was returning home on foot last night. I switched on my torch and found it to be a poisonous krait snake,” Mr Badra told news agency Press Trust of India (PTI). “In order to take revenge, I took the snake in my hands and bit it repeatedly, killing the viper on the spot (sic),” he said. Mr Badra then brought the dead snake to show to his village and claimed to be perfectly fine after the bite. He refused to get treated at a hospital and relied on a traditional healer instead. “Even though I bit the poisonous krait, I did not feel any difficulty. I went to a traditional healer residing near the village and was cured,” he told PTI on Thursday. The krait is a venomous, three-foot-tall snake found in south and southeast Asia. It is believed to be more active during the night. Snakebites are usually dangerous and a bite from a venomous snake can also risk a person’s life or disable them. India accounts for the greatest number of snakebite-related deaths in the world, at an average of 58,000 per year, according to a research paper from 2020 titled Snakebite Mortality in India: A Nationally Representative Mortality Survey.

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Buy high sell low. Time to buy and buy

Samsung makes many of the best Android phones, and with over 300 million sales a year, it is the largest smartphone maker in the world. While Samsung's lead may have been unassailable a few years ago, that's not the case in 2021. Missteps with the Galaxy S series and slowing demand for flagships in general have eroded profits from Samsung's mobile division in recent quarters, and it is facing an increased challenge from Chinese rivals. Although Samsung is in a dominant position in North America, that's not true in other markets. Chinese brands in recent years — including Xiaomi and BBK Electronics — owned OPPO and Vivo — have managed to dethrone Samsung in key regions, including China, India, and even Europe. As a result, Samsung's position as the world's largest smartphone manufacturer is under threat. The latest data from Counterpoint Research bears this out: Samsung sold 57.9 million phones in Q2 2021, with a global market share of 18%. Xiaomi came in second with 52.5 million sales and a 16% market share, but when it comes to annual growth, Samsung is at a meager 8%, while Xiaomi stands at 82%. In North America, the smartphone market share is predominantly split between Samsung and its biggest competitor Apple. Per Q1 2021 market share data from Counterpoint Research, Apple's share of the market was at 55%, while Samsung accounted for 28%. Overall, Samsung doesn't prioritize one region over another, IDC's research director on worldwide device trackers, Nabila Popal, said in an interview. "As a company, you want to have large centers, and you will always focus on driving share. (Samsung) measures their own performance based on volume share versus value share," she said. "For them, any region is important where they can drive quality." The Asian smartphone industry is heavily influenced by Chinese manufacturers, and Samsung has seen its market share in this region erode over the last five years. For instance, Samsung's market share in China has been under 1% for some time now, and in India, the brand is in danger of losing out on its second position to Vivo and Realme. The dominance by brands like Xiaomi, Realme, Vivo, and OPPO is because of their focus on the budget segment. Popal says that 87% of smartphones in APeJC (Asia Pacific excluding Japan and China) retail for under $400, with the sub-$200 accounting for 67%. In the first half of 2021, the market share for Chinese brands in the sub-$400 segment is at 67% in the region, while Samsung stands at 20%. As is increasingly becoming the case in other regions, Xiaomi is in the overall lead in Asia. "Over the years, Xiaomi's share has grown from 17% in 2018 to 21.5% in 2021H1, closely narrowing the gap to leader Samsung, whose share now is 22.3% in 2021H1 (from 27% in 2018). to read the wall of text click here https://www.androidcentral.com/inside-samsung-galaxy-global-market-share

Chinese venture capital is pouring into the development of next-generation microprocessors as Chinese startups race to challenge the dominance of U.S. chipmaking giant Nvidia. Investment in the new general purpose graphics processing units (GPGPUs) -- an advanced computing chip -- has been booming as venture capital bets on the growing Chinese industry. While traditional graphic processing units (GPUs) render images on computers, GPGPUs are designed to harness data processing power for artificial intelligence computing. Several Chinese front-runners have jumped into the race, attracting investor attention. Beijing has been pushing for more self-reliance in semiconductors, and a global chip shortage has created an opportunity for Chinese companies to make breakthroughs. Aiming to leapfrog to the next generation of integrated circuit technology, the crowded field of Chinese startups has been recruiting veterans of Nvidia itself and other leading semiconductor companies. One is artificial intelligence chipmaker Iluvatar CoreX, founded in 2015. In March, it unveiled China's first GPGPU built with advanced 7-nanometer technology. Another is Shanghai-based Biren Technology, with a valuation of more than 10 billion yuan ($1.5 billion). It managed to raise 4.7 billion yuan from more than 40 investors since its founding in 2019. Investors included Hillhouse Group, Walden International China and BAI Capital. MetaX Integrated Circuit was set up in 2020 and attracted investment from Lightspeed China Partners, Sequoia Capital and ZhenFund. The two founders both previously worked for the U.S. semiconductor giant Advanced Micro Devices. Newcomer Moore Threads Technology raised several billion yuan in two rounds of financing within 100 days of its founding. Although the upstarts have generated plenty of enthusiasm while raising significant funds, investors and leaders of the companies acknowledge that taking on the likes of Nvidia is no easy task. No more than one or two of the companies will survive because it will take billions of dollars to build up a software ecosystem comparable to Nvidia's, according to one chip industry investor. "First, we should develop a product and start product iteration," said Diao Shijing, chairman and CEO of Iluvatar CoreX. "I don't think anyone will surprise the world or disrupt the industry with its very first product, and it definitely will need constant refinement." At the same time, the Chinese startups stand on the edge of a tremendous opportunity, said Wang Endong, executive president and chief scientist of cloud computing and big data provider Inspur. He predicted that demand for AI computing chips to power deep machine learning will grow exponentially. In 2020, computing by AI accelerator chips -- special integrated circuits designed for artificial intelligence applications such as GPGPUs -- surpassed computing by the conventional central processing units (CPUs) that have powered computers for decades, Wang said. "AI accelerator chips will account for more than 80% of overall computing power by 2025," Wang said. Nvidia captured the lead in AI technology over the past decade, making GPUs a standard for artificial intelligence processing. The company's share price rose more than 25-fold in the past five years, giving it a market value of more than $450 billion, second behind Taiwan Semiconductor Manufacturing Co. "We have invested tens of billions of dollars in GPUs over the past 30 years, and only in this one area," Nvidia founder Jensen Huang said in a June 2 video interview with Caixin at the company's U.S. headquarters. "I can certainly understand why it will spawn so many competitors in light of such a huge market." In 2020, China's semiconductor industry attracted venture capital of more than 140 billion yuan, surpassing the internet as the most attractive sector, according to data from the U.S. corporate law firm Katten Muchin Rosenman. In the first five months of 2021, about 164 Chinese semiconductor companies received investments with total financing of more than 40 billion yuan, close to the level of the full year 2019, according to Katten Muchin. The new wave of Chinese chip startups is led by Biren. Founder Michael Zhang is the former president of the AI startup Sense Time and a former U.S. lawyer. Zhang recruited his core management from industry veterans in the U.S., including Chief Technical Officer and Chief Architect Mike Hong. Hong helped build Huawei's GPU research and development team in the U.S. in 2016 and also worked for Nvidia. "This team's previous work experience covers the entire chipmaking process," said Xing Yaopeng, senior investment manager at BAI Capital, an investor in Biren. Biren started operation in November 2019 with a plan to introduce its first product, a 7-nm GPGPU, in 2022, according to co-founder Xu Lingjie, who previously worked for Nvidia, Samsung and Alibaba. "The demand for AI computing from major internet companies is still growing at more than 40% a year," Xu said. "Even if only one-third of the servers are replaced every year, procurement from companies and government will still be huge." Like Biren, Shanghai-based MetaX and Iluvatar CoreX also started in the GPGPU arena with founding teams that previously worked for AMD. Headquartered in Beijing, Moore Threads, founded in October 2020, jump-started with GPUs. CEO Jams Zhang is the former China general manager of Nvidia. The GPGPU market is still nascent, and it will take time for the Chinese startups to meet the standards of major customers such as Alibaba and Tencent, according to Liu Hongchun, founding partner of Winreal Investment, a venture capital company. Other challenges facing the upstart chipmakers include intellectual property and relationships with China's tech giants, such as Huawei, Alibaba and Baidu, which all have their own chipmaking businesses. It is hard to tell whether these tech giants will regard the startups as friends or foes, an industry expert said. In the longer run, analysts said the chipmaking startups need to establish a software ecology in China that can rival Nvidia's. The American company released its parallel computing platform CUDA in 2006, including a development toolkit that enabled anyone with a laptop equipped with an Nvidia GPU to develop software. Over the past decade or so, Nvidia has promoted CUDA in schools and research institutes, enabling software such as climate simulation and seismic data processing to be developed based on the platform. Currently, Chinese GPU makers are adopting a CUDA-compatible strategy and aim to build their own software ecosystem on top of it. However, once users are accustomed to CUDA, they will be unlikely to migrate to other platforms, said a midlevel manager at AI startup Enflame Technology. Enflame makes chips designed to process huge amounts of data to train artificial intelligence systems. "No ecosystem is built in one day," said Jeffrey Wang, managing director at Lenovo Capital, an accelerator and venture capital unit of Lenovo Group. "It will take time." While the Chinese companies are cutting their teeth in the GPU sector, Nvidia is eyeing the CPU and Data Processing Unit (DPU) field. The company is pursuing a $40 billion bid for U.K.-based Arm Holdings from Japan's SoftBank. The deal, which would be one of the biggest semiconductor takeovers ever, is pending approval from regulators in the U.K, the U.S. and China. Nvidia released its first DPU last October after completing its $6.9 billion acquisition of Israel's chipmaker Mellanox in April 2020. While Nvidia is busy with the CPU and DPU market, it may become a great opportunity for Chinese GPU companies to play catch-up, industry experts told Caixin. https://asia.nikkei.com/Spotlight/Caixin/In-depth-Chinese-chipmaking-upstarts-race-to-rival-Nvidia

SINGAPORE - Department store operator Isetan Singapore will be closing its Parkway Parade outlet when its lease expires next March. The company has no plans to find a replacement store and will continue its operations at its remaining stores in Shaw House, Tampines Mall and Nex, it announced in a bourse filing on Friday (Aug 13). The lease for Isetan's Parkway Parade store expires on March 9, 2022. It had been extended for 15 months from the end of its previous term. Isetan said that negotiations with the landlord for a further extension of the Parkway Parade lease "did not yield a positive result". Isetan Katong opened at Parkway Parade back in 1983 - marking the Japanese retail giant's penetration into suburban Singapore. It currently occupies retail space on two floors of the Marine Parade Road mall, after starting with three floors when it opened. In March 2020, Isetan discontinued operations of its Westgate store in Jurong East. It decided not to renew the lease for the store after failing to come to an agreement with its landlord, and noted in a regulatory filing in 2019 that the outlet was loss-making. Isetan’s shrinking presence here reflects the tough outlook for the retail sector, which has taken a battering amid the Covid-19 pandemic and related health measures. Retailers which have exited the Singapore market or shifted their operations online in recent months include home-grown department store Robinsons, sporting goods store Sportslink and fashion brand Topshop. Separately on Friday, Isetan announced its latest financials, posting a net profit of $1.25 million for the six months ended June 30, reversing the net loss of $317,000 for the year-ago period. This was due to a recovery in sales from its stores being able to remain operational throughout the six-month period, it said. Isetan's earnings per share stood at 3.03 cents, compared with the losses per share of 0.77 cents a year ago. Its revenue for the period was $38.4 million, 12.8 per cent higher than a year ago. This was due to higher sale of goods from the retail segment, higher consignment income and higher rental income from the Isetan Wisma Atria investment property, the company said. The higher sale of goods came in contrast to last year's enforced closure during the circuit breaker period between April 7 and June 18. Revenue also received a boost from Isetan’s investment in Wisma Atria compared with last year, when mandatory rental rebates were given to its smaller tenants in line with the Government’s Covid-19 support measures. But the recovery in sales seen in the first half of this year was disrupted by tighter measures imposed during Singapore's phase two (heightened alert) from May 16 to June 13, Isetan said.

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now EU checking if it can cause kidney disorder

The European Medicines Agency (EMA) has said it is investigating three new possible side effects that may be linked to mRNA Covid vaccines made by Pfizer and Moderna, after reports of allergic skin reactions and kidney disorders. Europe’s medicines watchdog issued statements on Wednesday confirming that its Pharmacovigilance Risk Assessment Committee (PRAC) is looking into whether three medical conditions are connected to the administration of Covid jabs made by Pfizer and Moderna, after being made aware of a “small number” of incidences. One of the three potential side effects being investigated is a skin disorder called erythema multiforme, an allergic reaction which manifests as reddish-purple skin lesions, sometimes around the mouth, eyes and other moist cavities on the body. The two other conditions the PRAC is assessing for any link to the Pfizer and Moderna vaccines are related to the kidneys, with one disorder linked to inflammation of filters in the organ. The other, nephrotic syndrome, causes the kidneys to leak excess protein into the urine, which can then appear bloody or foamy. Symptoms of the disorder also include swollen eyelids, feet and abdomen, and fatigue. Some cases occurred in people with a history of kidney conditions. In July, the EMA recommended adding myocarditis and pericarditis, or inflammation of the heart, to the list of possible rare side effects on the warning label of the two mRNA vaccines after assessing several hundred reports. Despite the rare adverse reactions flagged by the agency, it says that on balance the benefits of vaccination against Covid far outweigh the risks. More than 43.5 million doses of Moderna’s Spikevax and 330 million jabs of Pfizer-BioNTech’s Comirnaty have been administered across the EU, according to the EMA’s data. https://www.rt.com/news/531776-eu-investigating-side-effects-covid-vaccine/

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TAIPEI (Taiwan News) — French retailer Carrefour plans to sell its Taiwan business in the next few weeks, Reuters cited three people familiar with the matter as saying. The supermarket chain has hired Morgan Stanley to run the sale, which will start after summer ends, said the sources, who asked not to be identified as the information is confidential, according to Reuters. Carrefour has already spoken with a number of potential buyers, including private equity firms, they said. Both Carrefour and Morgan Stanley declined to comment on the matter. If seen through, the sale would represent a reversal of Carrefour’s expansion in the Taiwanese market in recent years. Carrefour acquired food retailer Wellcome Taiwan in 2020, bringing 224 stores under its control, Reuters reported. The sell-off would also be a shake-up for industry leader Uni-President Enterprise Corp. (統一) since it holds a 40% stake in Taiwan Carrefour, with Carrefour itself holding a 60% majority of shares, according to a UDN report on the matter. Uni-President said news of the sale is simply external speculation which does not warrant a response. While it has expanded in Taiwan in recent years, Carrefour withdrew from the highly competitive Chinese market in 2019 after selling off 80% of its loss-making operations to electronics retailer Suning Commerce Group, per Reuters.