There’s a great deal of uncertainty about what a post-Putin Russia might look like. Projections range from violent destruction of the Russian state to the reestablishment of democratic norms and a system of substantive checks and balances – presumably under the “liberal” elite and technocracy. There is a consensus among most of the Russian elite, including liberals (although it seems to be waning in recent times): there is no such thing as a truly post-Putin Russia. A realistic prognosis of a post-Putin Russia and succession plan must take this into account. The former didn’t readily support Russian military actions, and the latter’s incompetence led to massive failures during the Ukrainian counteroffensive.
The question is what will happen to global chip production in the event of a cross-Strait military conflict. Since global semiconductor production capacity is highly concentrated in Asia, including in Taiwan, South Korea and China, a cross-Strait military conflict will crimp the global production of semiconductors. But even if Chinese companies maintain their semiconductor production in a cross-Strait conflict, the chips they can mass produce are mainly 28-nanometer and 14-nanometer chips. Indeed, the global semiconductor supply chain is complex and involves different stages of manufacturing demanding high-, medium- and low-skilled inputs. A cross-Strait military conflict would be a lose-lose situation for the warring parties and the world.29 days ago Asia Times
The Russian invasion of Ukraine that began on Feb. 24 continues, with casualties rising on both sides. Russian President Vladimir Putin has announced Russia's annexation of four partially occupied Ukrainian regions following referendums that Western nations called a "sham." (Screenshot of handout video from Russia's Defense Ministry) © Reuters9:00 p.m. Russia has tested ballistic and cruise missiles during exercises involving its nuclear forces, the Kremlin says. U.S. officials had said that Washington was notified of the Russian nuclear drills and that the White House had not assessed that Russia was preparing to use a nuclear weapon. 5:08 a.m. Russia has given the U.S. notice of planned exercises of nuclear forces -- drills expected to include test launching ballistic missiles.1 month ago Nikkei Asia
China stocks sank again on Friday, with CSI 300 Index falling 2.5% and the Hang Seng plunging 3.7% to hit new lows since 2008; most other Asian markets edged downChina stocks suffered another slump on Friday, while the Nikkei slipped and most other Asian markets edged down. The unexpected results sent the CSI 300 Index down 5.4% for the week, the biggest weekly fall since July 2021. Stocks tumbled across the board on Friday, with Hong Kong-listed Chinese tech giants down 5.6% leading the decline. Tech stocks fell 2.2% after the Nasdaq closed lower overnight as investors contended with solid economic data and a mixed bag of corporate earnings. It has been disappointing earnings forecasts that have hit markets in recent days.29 days ago Asia Financial
Here are the latest developments:Monday, Nov. 7 (Tokyo time)7:00 a.m. Russia is suffering heavy losses in continuing "fierce" attacks in Ukraine's eastern Donetsk region and is preparing new assaults on Ukrainian energy infrastructure, Ukrainian President Volodymyr Zelenskyy says. Meanwhile, Ukrainian President Volodymyr Zelenskyy accuses Tehran of lying, saying Kyiv's forces were downing at least 10 of the unmanned aerial vehicles every day. Ukrainian President Volodymyr Zelenskyy welcomes the additional American aid. Ukrainian President Volodymyr Zelenskyy has not made a decision on whether to attend the Group of 20 summit in Indonesia this month. 1:00 a.m. Ukrainian President Volodymyr Zelenskyy has congratulated new U.K. Prime Minister Rishi Sunak on taking office.19 days ago Nikkei Asia
China’s real estate index jumped 3.5% in response, while Hong Kong’s property index surged 13.5%. Blue chips rose 1%, helped by a slew of changes to China’s Covid curbs, even as the country reported more cases over the weekend. The shares sank 13% in early afternoon trade – heading for their biggest one-day loss in more than two and a half years. The risk-sensitive Australian and New Zealand dollars slipped, giving up some gains made after China moderated its zero Covid strategy. Cautious investor sentimentInvestor sentiment remained cautious after a top US central banker warned investors against getting carried away over one inflation number.12 days ago Asia Financial
Black Panther: Wakanda Forever is the last theatrical release for Phase 4 of the MCU, a phase which started with Black Widow back in 2021. As per Marvel Studios’ plans, Phase 4 through Phase 6 will together be known as the ‘Multiverse Saga’. While Larson headlined her own MCU film in 2019, Vellani became a major star following the critical acclaim of Ms. Marvel (2022) series on Disney+. Ironheart — Fall 2023The Disney+ series is about Riri Williams, a 15-year-old tech wizard who creates her own armour suit and becomes Ironheart. John Krasinski played an alternate version of the Fantastic Four-character Reed Richards in the MCU film Doctor Strange in the Multiverse of Madness (2022).11 days ago Lifestyle Asia
Alessandro Michele is leaving Gucci, the global luxury fashion giant he helmed as creative director since 21 January 2015. What Kering, Gucci and Michele said about the decisionIn a statement, Kering chairman and CEO François-Henri Pinault said, “I am grateful to Alessandro for bringing so much of himself in this adventure. Today an extraordinary journey ends for me, lasting more than twenty years, within a company to which I have tirelessly dedicated all my love and creative passion.”Who is succeeding Alessandro Michele at Gucci? Gucci rose under Michele’s creative directionMichele is a former accessories designer who took Gucci to new heights after becoming its creative director. Styles became a Gucci ambassador in 2017 and has since released his own collection, Ha Ha Ha, in collaboration with the brand.2 days ago Lifestyle Asia