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China’s military companies seek new backers and the metaverse gets bigger

Hello, this is Kenji from Hong Kong. The city is gradually shifting away from some of the strictest Covid control measures in the world, as local authorities scrapped the compulsory hotel quarantine for inbound travellers starting this week. It is certainly a positive step, but we are not quite back to normal. Other social distancing…
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29 September 2022 0

Workers Comp Makeover: Pay-as-you-go, digitization, loss control

Workers’ compensation (WC) claims can significantly dent a business’s productivity and margins. Out-of-work employees coerce company leaders to manage with inadequate workforces while training replacement staff and augmenting employee safety. The average cost for a WC claim is $41,003. A leading WC risk is ergonomics-based incidents, including manual material handling and repetitive upper extremity movements…
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29 September 2022 0

Electric vehicle push prompts ‘reinvention’ at car parts suppliers

Carmakers’ loudly promoted investments in electric vehicles are sending tremors through a lower-profile but huge industry: their parts suppliers. Suppliers that historically built components for internal combustion engines are feeling increasing pressure to adjust to battery power. It has not always been a smooth shift. The challenges are encapsulated in two companies with ties to…
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29 September 2022 0

Brussels re-energised for Big Tech battles

After some bitter defeats, Margrethe Vestager, the EU’s competition chief, scored a big win recently after judges in Luxembourg largely upheld a record fine on Google for abusing its dominance of the search giant’s Android mobile phone operating system. Earlier this month, the European General Court ruled mostly in favour of Vestager’s decision to hand…
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29 September 2022 0

Summer is over. But the UK is unprepared for the heatwaves to come

The travel writer Bill Bryson once said the most striking thing about the British weather is that “there isn’t very much of it.” No tornadoes, no monsoons, virtually no raging blizzards. Britain was a land where you did not need air conditioning, where you could wear the same type of clothing every day of the…
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29 September 2022 0

More than 1.8mn without power as Hurricane Ian batters Florida

More than 1.8mn people in Florida are estimated to be without power after Hurricane Ian ploughed into the south-west of the state on Wednesday, inundating the coastline and tearing through infrastructure and property, according to PowerOutage.US, a website tracking power cuts across the country. Hurricane Ian made landfall at about 3.05pm Eastern time and was…
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29 September 2022 0

China’s Big Fund corruption probe casts shadow across chip sector

The sudden disappearance in July last year of Gao Songtao, the bespectacled former vice-president of government fund manager Sino IC Capital, was a warning of a coming storm. Months later, the Chinese Communist party’s internal watchdog confirmed that Gao had been under investigation for corruption. Yet it was not President Xi Jinping’s public campaign to…
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28 September 2022 0

More than 1mn without power as Hurricane Ian batters Florida

More than 1mn people in Florida are estimated to be without power after Hurricane Ian ploughed into the south-west of the state on Wednesday, inundating the coastline and tearing through infrastructure and property. According to PowerOutage.US, a website tracking power cuts across the US, more than 1.3mn people in south-western Florida were without electricity by…
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28 September 2022 0