China holiday consumption withstands travel curbs
SPLURGING: Robust consumption over the holiday helps China’s economy recover, but the spending was far below the yearly growth rates of 10 percent seen before COVID-19
Bloomberg
Chinese consumers splurged on restaurants, online sales and movies over the Lunar New Year holiday as travel restrictions due to the COVID-19 pandemic made it difficult for many of them to make their annual trips home.
Sales at “key” retailers and restaurants during the week-long holiday amounted to 821 billion yuan (US$127 billion), an increase of 4.9 percent from 2019 and up 28.7 percent from last year, when the economy was in lockdown, Chinese Ministry of Commerce data showed.
Bill Gates’ Most Recent Investments
The Bill & Melinda Gates Foundation was launched in 2000 by the American billionaire, philanthropist and founder of Microsoft, Bill Gates. As of the end of the fourth quarter of 2020, the fund reported $22.34 billion in managed 13F securities. Its top 10 holdings account for about 96% of the total portfolio. The Bill & Melinda Gates Foundation is not your usual hedge fund investing money to optimize profits and increase returns. The foundation says its goal is to solve key problems faced by humans worldwide, including poverty, diseases, food insecurity and lack of opportunities. As of 2018, Bill and his wife Melinda Gates has donated around $36 billion to the foundation. Legendary investor Warren Buffett, who is also a close friend of Gates’, plays a key role in the foundation and Gates’ philanthropy projects. In 2006, the 90-year-old Oracle of Omaha pledged most of his fortune to the Gates Foundation.
Baidu s Stronger-Than-Expected Outlook Validates AI Push msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
tanmayFebruary 17, 2021
China Data Center Market – Growth, Trends, And Forecast (2021 – 2026)
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The China Data Center Market (henceforth referred to as the market studied) was valued at USD 13.01 billion in 2020, and it is expected to reach a value of USD 36.18 billion by 2026 while registering a CAGR of 19.2% during the period of 2021-2026.
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IF you order a new top-of-the-line sedan in Europe or North America these days, you might find there is a long waiting time unless it’s a less popular model. The sudden car shortage has nothing to do with the spread of the South African or Brazilian strain of the coronavirus. The reason why automakers are not making enough cars and some plants of General Motors, Daimler, Ford, Toyota and Nissan are now idle is an acute shortage of semiconductors, which power functions from brakes to emission controls. “Electrification of vehicles is increasing the content of power chips 10-fold in every car,” notes Pierre Ferragu, an analyst at New Street Research in New York.