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Bao Jianmin, a CIC veteran with experience in private equity, international investment and real asset investments, is now listed as part of the management team at Citic, where he serves as deputy general manager and a member of the Communist Party committee.The profile of the 57-year-old on Citic’s website shows that Bao held multiple roles at CIC. He is still listed as a member of the executive committee and a director of the private-equity investment department at CIC, suggesting the move could be very recent. Personnel reshuffling among state-owned enterprises is a common practice.According to the limited public information about…

Manycore Tech, a Hangzhou-based design firm, is seeking to become a global leader in spatial intelligence, a burgeoning field that blends artificial intelligence (AI) with real-world spatial data to build what is referred to as a “world model”.“All users pursue beauty, so we’re here to offer a platform where their ideas can be realistically and accurately depicted digitally and eventually materialise in reality,” Zhu Hao, co-founder and chief technology officer at Manycore, said in a recent interview with the Post. “What you see is what you get.”The company’s goal is to “realise imagination” through the help of automated systems, Manycore…

PARIS (AP) — Russian journalist Ekaterina Barabash resurfaced in Paris Monday following a daring escape from Moscow last month after being put under house arrest and facing a 10-year prison sentence for posts condemning Russia’s full-scale invasion of Ukraine.Reporters Without Borders, also known by its French acronym RSF, said it helped Barabash orchestrate her adrenaline-packed getaway: The outspoken war critic tore off her electronic monitoring tag and “travelled over 2,800 kilometres (about 1739 miles) using clandestine routes” to evade surveillance.“Her escape was one of the most perilous operations RSF has been involved in since Russia’s draconian laws of March 2022,”…

Gold prices rose in European trade on Monday, extending losses for the second straight session and recovering from a two-week trough, as the dollar lost ground.   Eyes are focused on the Federal Reserve’s policy meeting this week, expected to hold interest rates unchanged for the third meeting in a row while providing clues on the future of interest rates this year.   The Price   Gold prices rose 1% today to $3272 an ounce, with a session-low at $3237.   On Friday, gold rose 0.1%, the first profit in four days away from a two-week trough at $3202.   …

Becoming a baker remains the top dream for Japanese first-graders – but this year’s annual survey of six-year-olds also reflects shifting gender roles, growing interest in online fame and parental concerns over job security.Ahead of Children’s Day on Monday, Japanese chemical maker Kuraray released the results of its annual poll on the career aspirations of children starting primary school in the 2025 financial year.Among the 4,000 respondents, “patissier or baker” topped the list, picked by 11.7 per cent of children overall, according to reporting by The Japan Times. The popular response reflects a long-standing fascination with cakes and confectioneries, particularly…

Moody’s Ratings, previously known as Moody’s Investors Service, has warned that a “sustained escalation in tensions with India would likely weigh on Pakistan’s growth” and hamper Islamabad’s ongoing fiscal consolidation, “setting back Pakistan’s progress in achieving macroeconomic stability”. The global credit rating agency, in its report on Monday, noted that Pakistan’s macroeconomic conditions have been improving, with growth gradually rising, inflation declining, and foreign-exchange reserves increasing amid continued progress in the International Monetary Fund (IMF) programme. However, it cautioned that “a persistent increase in tensions could also impair Pakistan’s access to external financing and pressure its foreign-exchange reserves, which remain…

Sun Hung Kai Properties (SHKP) is launching another batch of flats in its Sierra Sea project in the New Territories following two consecutive sold-out weekends in one of Hong Kong’s largest residential projects in more than a quarter century.On Wednesday, Hong Kong’s largest developer will offer 150 flats in the 9,700-unit project in Shap Sze Heung, located between Sai Kung and Ma On Shan. The flats range in size from 301 sq ft to 702 sq ft.The units are priced between HK$12,675 (US$1,635) and HK$15,486 per square foot. Of the 150 units, 128 will be sold via a regular sale…

U.S. Treasury yields were little changed on Monday as investor attention turned to the Federal Reserve meeting and interest rate decision slated for later in the week.At 4:45 a.m. ET, the yield on the 10-year Treasury was down by less than one basis point to 4.312%. The 2-year Treasury yield was last more than one basis point lower at 3.824%.Yields and prices move in opposite directions. One basis point equals 0.01%.Markets are looking ahead to the Federal Reserve’s interest rate decision on Wednesday. According to CME Group’s FedWatch tool, traders were last pricing in an over 98% chance of rates…

US policy uncertainty has rippled through rate-setting meetings across the world, as central bankers try to work out what a global trade war means for monetary policy. Stagflation fears are rising on the back of Donald Trump’s tariffs. And threats to central bank independence abound. Economics commentator Chris Giles, writer of the Central Banks newsletter, will join the FT’s Monetary Policy Radar reporters Elettra Ardissino, Joel Suss and Andrew Whiffin for a live Q&A on Wednesday May 7 at 10am ET/3pm BST.To take part, leave your questions in the comments section below this story. You can also endorse queries you…

Stay informed with free updatesSimply sign up to the Foreign exchange myFT Digest — delivered directly to your inbox.Taiwan’s currency has recorded its largest two-day jump in decades, as life insurers moved to hedge their exposed US portfolios and markets fretted that a trade deal with Donald Trump might include the exchange rate.Extending its gains when trading opened on Monday, the New Taiwan dollar rose another 2.5 per cent against the greenback, taking its two-day gain to 6.5 per cent. Its total rise since the start of April is almost 10 per cent.The sudden currency movement in Taiwan shows how…