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Chinese Brands Top Euro 2020 Sponsorship Euro 2020 is the first top-notch sporting event launched since the pandemic after a one-year delay. More Chinese companies than ever signed up to sponsor the UEFA European Football Championships, becoming the largest source of sponsorship for the tournament, which kicked off Friday in Rome. Four Chinese companies Hisense, Alipay, Vivo and TikTok are among the 12 sponsors of Euro 2020, the first top-notch sporting event launched since the pandemic after a one-year delay. Other sponsors include American brands FedEx, Booking.com and Coca-Cola; Germany’s Volkswagen; Russian energy giant Gazprom; the Netherlands’ brewer Heineken and food delivery service Takeaway.com; and Qatar Airways. ....
Energy Insider: South China Nuclear Plant Denies Leak Reports; 25 People Killed in Hubei Gas Explosion Thousands of rescuers, including firefighters and medical workers, are working at the site of a massive gas pipe explosion at the Yanhu community market of Shiyan, Central China s Hubei province In today’s Caixin energy news wrap: A gas explosion in central China’s Hubei province kills at least 25 with more victims still buried; China’s crypto mining crackdown spreads to southwest province of Yunnan; Central Asia’s largest wind power projects to plug in; and a Guangdong nuclear plant disputes reports of a leak. ....
How the current chip crisis could reshape the industry’s global landscape Getty Images A semiconductor is on display at the booth of Shanghai ChipON Micro-Electronic co. ltd. on April 14, 2021 in Shanghai, China. Synopsis Besides the demand-supply mismatch, the shortage reflects the effect of political uncertainties on business confidence and strategic decision-making, experts say. Production capacity will become the top priority of chip companies, limiting their push for innovation and hurting startups with outstanding design capacity. The industry expects a major revamp soon, which may lead to the failure of many small companies. Han WeiA chip shortage that has squeezed global automakers since late last year offered a snapshot of how the Covid-19 pandemic and geopolitical uncertainties have distorted supply chains in the highly globalized semiconductor industry. The question is: Will it lead to a reshaping of the industry’s global landscape?It’s a multi ....