Lenovo will further diversify its supply chain and plans to open more manufacturing facilities outside China amid global geopolitical uncertainty, Chairman Yang Yuanqing said. Lenovo, the world’s largest PC maker, has most of its plants in China, a common situation in the electronics industry that creates potential vulnerability as US president-elect Donald Trump threatens to impose 60 per cent tariffs on Chinese imports. Yang told Reuters that while it’s too early to predict the new US administration’s policies, Lenovo has an advantage over competitors in hedging such risks through its more diversified manufacturing base and sourcing strategy, as well as balanced regional revenue streams. While China remains its main manufacturing base, Lenovo operates more than 30 factories in nine different markets. The company plans to open facilities in Saudi Arabia
Author Archives: The Esbec Team
Nov
Sri Lankan president’s National People’s Power wins 62 percent of the vote, early results show. Sri Lankan President Anura Kumara Dissanayake’s leftist coalition is on track for a landslide victory in snap elections, delivering the Marxist-leaning leader a powerful mandate to ease punishing austerity measures in the crisis-stricken nation. With well over half of the ballots counted on Friday morning, Dissanayake’s National People’s Power (NPP) was far ahead of the opposition alliance Samagi Jana Balawegaya (SJB) with 63 percent of the vote, according to early results from the country’s Election Commission. The NPP had taken 97 seats in the 225-member parliament, compared with 26 seats for the SBJ, and was leading in all but one of 22 electoral districts, according to the results. Voter turnout in Thursday’s vote was about
Nov
Following Trump’s election, Israel needs to adjust to the new political reality of the US and work to restore bipartisan support for the Jewish state By MARK LAVIE / THE MEDIA LINE NOVEMBER 15, 2024 05:23 REPUBLICAN PRESIDENTIAL nominee and former US president Donald Trump speaks at an event commemorating the first anniversary of the October 7 Hamas attacks on Israel on Monday in Doral, Florida. (photo credit: MARCO BELLO/REUTERS) Some Israelis are raising their shot glasses and cheering the victory of Donald Trump in the US presidential election. Others are stomping away in anger and frustration. Many Israelis say Prime Minister Benjamin Netanyahu is a mini-Trump, even wearing a long red tie like Trump’s when he’s in Washington. Many of those Israelis believe that’s a good thing, giving Netanyahu
Nov
Another dangerous storm is barrelling towards the Philippines, threatening an area where dozens of people were killed by flash floods and landslides just weeks ago, the weather service said. Typhoon Usagi blew out of the archipelago nation on Friday as rescuers worked to reach residents stranded on rooftops in northern Luzon island, where herds of livestock were devastated. Thousands of people were displaced by Usagi, the fifth major storm to hit the country in less than a month. It weakened as it headed towards Taiwan, after blowing away houses in its path. The recent wave of disasters has killed at least 159 people and prompted the United Nations to request $32.9m in aid for the worst-affected regions. On Thursday, flash floods caused by Usagi struck 10 largely evacuated villages around
Nov
Indonesia is pressing on with a plan to build a new airport in Bali, a development that the government hopes would turn the resort island into a “new Singapore or Hong Kong” but locals are not sold on the idea. The fate of the project, based in northern Bali to complement the existing airport in the south, has been uncertain for years until new President Prabowo Subianto earlier this month vowed to revitalise it. On Wednesday, PT Bandara Internasional Bali Utara (BIBU) Panji Sakti, a local developer that floated the airport plan in 2016, announced it had teamed up with Chinese firm ChangYe Construction Group to develop the project in northern Bali, with the latter investing US$3 billion. “We are very interested in the North Bali International Airport project. In
Nov
The Pentagon’s latest report on UFOs has revealed hundreds of new reports of unidentified and unexplained aerial phenomena but no indications suggesting an extraterrestrial origin. The review includes hundreds of cases of misidentified balloons, birds and satellites as well as some that defy easy explanation, such as a near-miss between a commercial airliner and a mysterious object off the coast of New York. While it isn’t likely to settle any debates over the existence of alien life, the report reflects heightened public interest in the topic and the government’s efforts to provide some answers. Its publication comes a day after House lawmakers called for greater government transparency during a hearing on unidentified anomalous phenomena, or UAPs – the government’s term for UFOs. Federal efforts to study and identify UAPs have
Nov
Wage hikes and temporary income tax cuts were positive factors for growth in Japan. Photo: Richard A. Brooks / AFPSource: AFP Japan’s growth slowed in the third quarter, official data showed Friday, as Prime Minister Shigeru Ishiba seeks to jumpstart the world’s fourth-largest economy. One of the fiercest typhoons to hit Japan in decades and a government “megaquake” warning weighed on factory production and other economic activity this summer. That dragged on gross domestic product (GDP) and the country saw growth of 0.2 percent between July and September, according to a preliminary reading by the Cabinet Office. The data met market expectations, but marked a slowdown from a revised 0.5 percent in the previous three months. Compared with the same period a year earlier GDP grew 0.9 percent, much slower
Nov
Delivering his first public speech since winning the 2024 election, President-elect Donald Trump touted his victory and praised his allies at the America First Policy Institute Gala at Mar-a-Lago in Florida. Calling this year’s the “most consequential election,” Trump recalled how he lost the popular vote in 2016 but won it this time around. “They would say, ‘he didn’t win the popular vote.’ And we won the popular vote by records now, which so nobody can say that anymore about us,” Trump said. PALM BEACH, FLORIDA – NOVEMBER 14: U.S. President-elect Donald Trump attends the America First Policy Institute Gala held at Mar-a-Lago on November 14, 2024 in Palm Beach, Florida. Trump has been announcing a number of nominees to fill out his upcoming administration. (Photo by Joe Raedle/Getty Images)
Nov
President Akufo-Addo honoured with France’s Grand Officier de la Légion d’Honneur Featured GraphicOnline Nov – 14 – 2024 , 17:17 President Nana Addo Dankwa Akufo-Addo has been awarded the distinguished title of Grand Officier de la Légion d’Honneur by French President Emmanuel Macron. The award, conferred during an official state visit to France on November 14, 2024, celebrates President Akufo-Addo’s notable contributions to diplomacy, democratic governance, and international cooperation. The Grand Officier de la Légion d’Honneur is one of the most prestigious honours within France’s Légion d’Honneur, an order established by Napoleon Bonaparte in 1802 to recognise individuals who demonstrate exceptional service to France and the global community. The award acknowledges achievements in fields ranging from public service and international diplomacy to arts, science, and humanitarian efforts.
Nov
House Republicans had mixed reactions to President-elect Donald Trump’s announcement that he would nominate Robert F. Kennedy Jr. to be secretary of Health and Human Services in his administration. Kennedy has been an anti-vaccine activist and founded the Children’s Health Defense, a prominent anti-vaccine nonprofit that has campaigned against immunizations and other public health measures like water fluoridation. Medical experts expressed concerns about a rise in medical misinformation through Kennedy’s candidacy. HHS oversees major health agencies such as the Centers for Disease Control and Prevention, the Food and Drug Administration and the Centers for Medicare & Medicaid Services, among others. Republican presidential nominee, former U.S. President Donald Trump welcomes Robert F. Kennedy Jr. to the stage at a Turning Point Action campaign rally, Oct. 23, 2024, in Duluth, Georgia. Anna
Nov
We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more. President-Elect Donald Trump has stated numerous times that, once he takes office, he plans to shut down the U.S. Department of Education. The department provides roughly 10% of K-12 funding and enforces federal civil rights in schools. However, it plays a much larger role in financing higher education. Managing approximately $1.5 trillion in student loan debt for over 40 million borrowers, the Education Department represents one of the largest holders of consumer debt in the country. “I’m going to close the Department of Education and move education back to the states,” Trump pledged at a campaign rally in September. Already
Nov
Did you know that 47% of Instagram users have reported experiencing some form of cyberbullying on the platform? In today’s digital age, standing up to online harassment has become more crucial than ever. Whether you’re a teenager navigating social media, a parent protecting your child, or an influencer managing your online presence, understanding how to […]
Nov
The request requires the approval of ICC judges, but their decision has been delayed, partly because of several rounds of legal filings by Israel that have challenged the court’s jurisdiction. By REUTERS NOVEMBER 13, 2024 16:43 PRIME MINISTER Benjamin Netanyahu speaks at a state memorial ceremony at the Mount Herzl Military Cemetery in Jerusalem last week, marking a year since the Hamas attack against Israel that took place on October 7/Simchat Torah, followed by the ongoing Gaza war. (photo credit: MARC ISRAEL SELLEM/THE JERUSALEM POST) Israel has questioned the impartiality of an International Criminal Court judge appointed to a panel deciding whether an arrest warrant should be issued for Israeli Prime Minister Benjamin Netanyahu. The move could further delay a decision in the case, in which the ICC chief prosecutor
Nov
Muhammad Yunus, the interim leader of Bangladesh’s government, is expected to “bury the hatchet” with US President-elect Donald Trump and start afresh in working with the new American administration. Analysts say while Yunus’ strained relationship with Trump is an open secret, Bangladesh’s “strategic appeal” as a country with close ties to India and China means the US government is likely to reciprocate Dhaka’s overtures. “I suspect Yunus will be ready to bury the hatchet,” said Michael Kugelman, director of Washington-based South Asia Institute at the Wilson Center think tank, noting that Trump’s election win came at a time when Bangladesh was trying to rebuild and stabilise in the post-Sheikh Hasina era. “I don’t expect much criticism from Yunus now, and his warm congratulatory note to Trump sent an important signal
Nov
China’s southern tech hub Shenzhen spent a record amount on research and development (R&D) last year, rivalling Beijing’s level and vastly exceeding that of neighbouring Hong Kong to cement its position as a national research mecca. Shenzhen’s R&D expenditure jumped to 223.66 billion yuan (US$30.93 billion) in 2023, surpassing the 200-billion-yuan mark for the first time and up by nearly 19 per cent from the previous year, according to government data released last week. R&D made up just under 6.5 per cent of the city’s gross domestic product (GDP), breaking through 6 per cent for the first time. That made Shenzhen, home to Big Tech companies like Huawei Technologies and Tencent Holdings , the second-largest R&D hub in China in terms of both absolute expenditure and spending relative to GDP