Category: NYT

Shell Sees Demand Surging for Liquefied Natural Gas

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Shell, Europe’s largest energy company, forecast on Wednesday that global demand for liquefied natural gas, which has been a lifeline for Europe after Russia cut off pipeline gas supplies, will surge by around 50 percent over the next 15 years. The main source of growth is expected to be in China, which will switch from coal to gas in industry to cut emissions, Shell said. The fuel, which is chilled to minus 260 degrees Fahrenheit and transported on specialized ships, has become a significant moneymaker for Shell as part of…

Hackers for China, Russia and Others Used OpenAI Systems, Report Says

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Hackers working for nation-states have used OpenAI’s systems in the creation of their cyberattacks, according to research released Wednesday by OpenAI and Microsoft. The companies believe their research, published on their websites, documents for the first time how hackers with ties to foreign governments are using generative artificial intelligence in their attacks. But instead of using A.I. to generate exotic attacks, as some in the tech industry feared, the hackers have used it in mundane ways, like drafting emails, translating documents and debugging computer code, the companies said. “They’re just…

As China Tries to Present a Friendlier Image, a New Face Emerges

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Faced with declining foreign investment at home, China has sought to soften its image in the United States and Europe and make nice with some of its neighbors. One Communist Party official has played an unusually prominent role in the shift in tone. In New York, he told an audience of scholars and businesspeople that China did not seek to rewrite the United States-led global order. In Paris, he said that China’s modernization would benefit Europe and the world. In Beijing, he told the ambassador of India, a regional rival,…

Book Review: ‘Smoke and Ashes,’ by Amitav Ghosh

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SMOKE AND ASHES: Opium’s Hidden Histories, by Amitav Ghosh Biographies of humble things that their authors claimed had “changed the world” — chronometers, salt, potatoes and even the color mauve — were a turn-of-the-21st-century publishing phenomenon. Looking back, they seem fixated on European heroes and their achievements. As Amitav Ghosh observes at the beginning of his bracing new history of the global opium trade, it’s hard to see past a Western conception of the world that “looms so large that it obscures everything else.” “Smoke and Ashes” is the story…

Biden’s First TikTok Post Jokes About Super Bowl Conspiracy Theory

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Did President Biden cunningly rig the Super Bowl so the Kansas City Chiefs would win? “I’d get in trouble if I told you,” Mr. Biden joked in his campaign’s inaugural post on TikTok, the Chinese-owned social media platform that has 170 million U.S. users but few high-level American politicians. The video then cut to an image of the “Dark Brandon” meme — another attempt from the campaign to flip a right-wing conspiracy theory on its head. Mr. Biden’s arrival to TikTok, and the lighthearted nature of his post, pointed to…

How China Built BYD, Its Tesla Killer

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China’s BYD was a battery manufacturer trying its hand at building cars when it showed off its newest model in 2007. American executives at the Guangzhou auto show gaped at the car’s uneven purple paint job and the poor fit of its doors. “They were the laughingstock of the industry,” said Michael Dunne, a China auto industry analyst. Nobody is laughing at BYD now. The company passed Tesla in worldwide sales of fully electric cars late last year. BYD is building assembly lines in Brazil, Hungary, Thailand and Uzbekistan and…

China Keeps Building Stadiums in Africa. But at What Cost?

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The Alassane Ouattara stadium rises like a piece of sculpture from the dusty brown earth north of Ivory Coast’s largest city, its undulating roof and white columns towering over the empty landscape like a spaceship that has dropped onto a uninhabited planet. On Sunday, the three-and-a-half-year-old stadium will host its signature moment, when the national soccer teams of Ivory Coast and Nigeria compete in the final of Africa’s biggest sporting event, in front of tens of thousands of fans chanting and cheering in a stadium financed and built by China.…

American Firms Invested $1 Billion in Chinese Chips, Lawmakers Find

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A congressional investigation has determined that five American venture capital firms invested more than $1 billion in China’s semiconductor industry since 2001, fueling the growth of a sector that the United States government now regards as a national security threat. Funds supplied by the five firms — GGV Capital, GSR Ventures, Qualcomm Ventures, Sequoia Capital and Walden International — went to more than 150 Chinese companies, according to the report, which was released Thursday by both Republicans and Democrats on the House Select Committee on the Chinese Communist Party. The…

China Deflation Alarms Raised by Falling Prices for Food and Cars

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Consumer prices fell last month in China by the most since the global financial crisis in 2009, the latest sign that weak spending and a glut of output from factories and farms are forcing businesses to offer discounts. The decline in consumer prices was mostly confined to food and electric cars. But wholesale prices charged by factories and other producers also fell last month, and have been down from their levels a year earlier in every month since October 2022. A broad decline in the overall level of prices, a…