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		<title>Microsoft’s new responsible tech lead on how to humanize high-speed AI development</title>
		<link>https://lsd.hu/microsofts-new-responsible-tech-lead-on-how-to-humanize-high-speed-ai-development/</link>
		
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		<pubDate>Sat, 23 May 2026 16:28:49 +0000</pubDate>
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					<description><![CDATA[Fully responsible, trustworthy technology is an almost impossible mandate in a tech landscape that prioritizes speed — but that doesn&#8217;t mean some companies aren&#8217;t trying.  On the heels of the Trump administration&#8217;s national AI legislative framework on March 20, in which &#8220;winning the AI race&#8221; remains paramount, tech developers face tension between the common ethos [&#8230;]]]></description>
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<p>Fully responsible, trustworthy technology is an almost impossible mandate in a tech landscape that prioritizes speed — but that doesn&#8217;t mean some companies aren&#8217;t trying. </p>
<p>On the heels of the Trump administration&#8217;s <a href="https://www.whitehouse.gov/articles/2026/03/president-donald-j-trump-unveils-national-ai-legislative-framework/" target="_blank" rel="noopener">national AI legislative framework</a> on March 20, in which &#8220;winning the AI race&#8221; remains paramount, tech developers face tension between the common ethos of moving fast and breaking things versus strategically implementing responsible tech frameworks from the start. </p>
<p>Getting ahead has, in many instances, taken the driver&#8217;s seat, the cost of which has become clear. Microsoft&#8217;s self-admitted realization that <a href="https://www.microsoft.com/insidetrack/blog/mapping-the-microsoft-approach-to-accessibility-in-the-world-of-ai/" target="_blank" rel="noopener">AI-generated code</a> often forgoes accessibility makes human oversight and iteration a must. </p>
<p>For Jenny Lay-Flurrie, who became head of Microsoft&#8217;s Trusted Technology Group in February and has worked in accessibility for much of her 21 years with the company, the responsible development and deployment of tech is two-fold: &#8220;How do we make sure that we build it right? And how can we make sure that it stays right?&#8221; </p>
<p>Microsoft launched its Trusted Technology Group in early 2025 and has since consolidated all responsible tech initiatives under its umbrella, including Lay-Flurrie&#8217;s former directive of accessibility. </p>
<p>While Microsoft has centralized its responsible tech under a top-down model, competitors like Google maintain a more engineering-led architecture guided by its core AI principles and specialized safety councils. Techniques vary across big tech, but Microsoft&#8217;s approach is one that&#8217;s been reshaped since 2002, when Bill Gates released the <a href="https://www.microsoft.com/en-us/security/blog/2022/01/21/celebrating-20-years-of-trustworthy-computing/" target="_blank" rel="noopener">Trustworthy Computing memo</a> that prioritized things like reliability over new feature development. </p>
<h3 class="ArticleBody-smallSubtitle">AI&#8217;s woes (and the people who fix them) </h3>
<p>Lay-Flurrie&#8217;s foray into the broader responsible tech space may be recent, but she says that it follows the same general principles she&#8217;s used to, including fairness, transparency, inclusiveness and accountability. <a href="https://www.microsoft.com/en-us/ai/principles-and-approach" target="_blank" rel="noopener">Microsoft operates on the principle</a> that &#8220;people should be accountable for AI&#8221; regardless of its outcomes. </p>
<p>That&#8217;s why, when Microsoft realized its AI wasn&#8217;t accurately representing blind people, her team moved to fix the problem. </p>
<p>&#8220;Some of the generated imagery of blind people came back with people wearing these horrible full-on blindfolds,&#8221; she said. &#8220;These models were being trained on a lot of the material that exists in society. Unfortunately, society is not always the most inclusive place, so there are instances where we have to insert data to train it.&#8221; </p>
<p>To do this, Microsoft purchased more than 20 million minutes of multimodal data from Be My Eyes, a nonprofit accessibility platform that blind and low-vision individuals can use for free to connect with live volunteers and AI, giving them audio insight into what they&#8217;re seeing. &#8220;They had a lot of video material that was taken by blind people of their use with canes and dogs and finding keys in the house, and we anonymized the data by blurring faces and all that so that we could train our models more appropriately on blindness,&#8221; said Lay-Flurrie. </p>
<p>This process is robust, but Annie Brown, CEO and founder of Reliabl, a machine learning training software working to minimize bias and maximize performance in AI models, said there&#8217;s room for improvement. </p>
<p>&#8220;More diverse data is just part of it,&#8221; said Brown. &#8220;If you don&#8217;t pay attention to what&#8217;s happening at the metadata layer, which is how those images that were uploaded to your data set are labeled, that itself is going to create bias.&#8221; </p>
<p>Despite the AI race that&#8217;s changing the world, Microsoft is part of a broader movement of companies publicly sharing their responsible tech learnings. Microsoft Learn is freely available to students, academics and developers and includes training modules on <a href="https://learn.microsoft.com/en-us/training/modules/embrace-responsible-ai-principles-practices/" target="_blank" rel="noopener">responsible AI principles</a> and more. Brown recommends Microsoft also learn from the smaller social good organizations to see &#8220;how they&#8217;re bringing inclusivity into AI.&#8221; </p>
<p>As for improvement, Lay-Flurrie says it comes with the territory. &#8220;It&#8217;s listening clearly to the feedback, receiving that, iterating, testing and resolving those within as short of a period of time as we can,&#8221; she said. </p>
<h3 class="ArticleBody-smallSubtitle">Humans vs. AI </h3>
<p>Microsoft is a top provider of enterprise tech, meaning its very own AI is fueling other companies that often make the decision to cut employees in lieu of advanced solutions. Microsoft itself is part of a broader wave of big tech layoffs, though it&#8217;s clarified it&#8217;s more of a reshuffling of priorities rather than sheer replacement. The company <a href="https://www.hrgrapevine.com/us/content/article/2025-07-28-microsoft-cuts-15000-jobs-despite-ai-led-profits-boom" target="_blank" rel="noopener">cut roughly 15,000 jobs</a> in sales, gaming and customer-facing divisions in 2025 and hired new personnel elsewhere with a focus on AI infrastructure. </p>
<p>Even as layoffs continue across industries, Lay-Flurrie says AI is already leveling the playing field for previously marginalized workers, including those who are neurodiverse and disabled. </p>
<p>&#8220;The first community to get access to Copilot at Microsoft was our disability employee group,&#8221; she said. &#8220;For the Deaf community, captioning, transcripts, meeting notes, sign language recognition, that gives independence. You don&#8217;t have to wait for a cartographer to be there to transcribe what&#8217;s being said.&#8221; </p>
<p>For the neurodiverse community who received Copilot early on, it helped so much with the cognitive load that &#8220;they wouldn&#8217;t let me take the license back,&#8221; she said.  </p>
<p>Diego Mariscal, CEO and founder of global startup accelerator 2Gether-International (2GI), which is run by and for entrepreneurs with disabilities, recognizes Microsoft has made a point to include people with disabilities. &#8220;The fact that Jenny&#8217;s position even exists at this level is a testament to that,&#8221; he said. Even so, including disabled people at the decision-making table is important both from the top down and bottom up. &#8220;How can we ensure that, as AI evolves, disabled people are included at the table, not from a charity perspective, but because doing so will ensure that technology and innovation is even more cutting edge and accessible for everybody?&#8221; </p>
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		<title>Asian Development Bank&#8217;s $70 billion energy and digital infra push puts Southeast Asia center stage</title>
		<link>https://lsd.hu/asian-development-banks-70-billion-energy-and-digital-infra-push-puts-southeast-asia-center-stage/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Sun, 10 May 2026 21:07:46 +0000</pubDate>
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		<guid isPermaLink="false">https://lsd.hu/asian-development-banks-70-billion-energy-and-digital-infra-push-puts-southeast-asia-center-stage/</guid>

					<description><![CDATA[A solar power plant in Vietnam&#8217;s Tay Ninh Province. Singapore&#8217;s central bank is backing bio-energy and solar projects in Southeast Asia via its Green Investments Partnership. Tan Dao Duy &#124; Moment &#124; Getty Images The Asian Development Bank $70 billion plan, backing new energy and digital infrastructure in the region, is set to boost Southeast [&#8230;]]]></description>
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<p>A solar power plant in Vietnam&#8217;s Tay Ninh Province. Singapore&#8217;s central bank is backing bio-energy and solar projects in Southeast Asia via its Green Investments Partnership.</p>
<p>Tan Dao Duy | Moment | Getty Images</p>
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<p>The Asian Development Bank $70 billion <a href="https://www.adb.org/news/adb-launches-70-billion-push-connect-asia-power-grids-digital-networks" target="_blank" rel="noopener">plan</a>, backing new energy and digital infrastructure in the region, is set to boost Southeast Asia the most.</p>
<p>The program includes a pan-Asia power grid initiative, connecting national and subregional power systems,  and an Asia-Pacific digital highway to  close the infrastructure gap in the region, according to ADB that has set 2035 as the deadline for funding projects. </p>
<p>&#8220;Energy and digital access will define the region&#8217;s future,&#8221; said ADB President Masato Kanda said in a statement on Sunday.  </p>
<p>That connectivity will build the systems Asia and the Pacific need to grow, compete, and connect, Kanda said. &#8220;By linking power grids and digital networks across borders, we can lower costs, expand opportunity, and bring reliable power and digital access to hundreds of millions of people.&#8221;  </p>
<p>While the funds are for the entire Asia-Pacific region, experts say that Southeast Asia is expected to be the major beneficiary of ADB&#8217;s connectivity push. </p>
<p>The bank typically leans toward developing member countries based on growth needs, project readiness and mandate, beyond sheer market size, said Greg Statton, vice president and chief technology officer for Asia Pacific and Japan at AI-powered data security firm Cohesity. </p>
<p>Statton noted that unlike Southeast Asia, China has largely moved away from ADB financing with its own finance institutions and policies in place. India has strong access to capital markets and runs many domestically financed projects, even though it still receives a fair amount of funding from ADB, while Japan itself is a major funder of ADB. </p>
<p>&#8220;Larger economies such as China, India, and Japan already have more established domestic capital markets, deeper infrastructure financing channels, and greater fiscal capacity to fund large scale projects internally,&#8221; said Chasen Nevett, managing partner of principal investments at GMA Capital Partners, adding that Southeast Asia remains structurally underbuilt in both energy interconnection and digital infrastructure.</p>
<p>&#8220;That combination creates a more efficient deployment environment for capital, where each dollar can unlock broader private sector participation and accelerate regional integration, Nevett said. </p>
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<h2 class="ArticleBody-subtitle"><a id="headline0"/>Power play</h2>
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<p>Indonesia, Vietnam, and the Philippines are expected to be the largest beneficiaries within Southeast Asia. </p>
<p>Those countries are expected to receive a larger share of the $70 billion funding due to their population size, infrastructure needs and active project pipelines, based on ADB&#8221;s historical lending patterns and current priorities, according to Statton. </p>
<p>While Malaysia and Thailand could also benefit given they are regional hubs for energy and data infrastructure, the relative marginal impact of capital may be somewhat lower due to their more developed base in Southeast Asia, said Nevett. </p>
<p>Malaysia has the <a href="https://www.woodmac.com/news/opinion/southeast-asian-data-centre-power-demand-is-set-to-explode/" target="_blank" rel="noopener">biggest data center project pipeline</a> in Southeast Asia, which accounts for about 60% of all proposed projects in the region and, along with Thailand, it is expected to lead data-center load demand in Southeast Asia by 2035, according to Wood Mackenzie. </p>
<p>ADB funding also provides an opportunity to build interoperable transmission systems that allow clean power to flow across borders, improving reliability and lowering costs, said Scott Dunn, strategy and growth lead for Asia at infrastructure consulting firm AECOM.</p>
<p>Markets such as Laos, Thailand, Vietnam and Cambodia have abundant hydropower and fast-expanding solar and wind, but they lack cross-border capacity to move clean power to the biggest demand centers, Dunn said, adding that ADB&#8217;s plans are &#8220;effectively designed for these conditions.&#8221;</p>
<p>ADB aims to integrate nearly 20 gigawatts of renewable energy across borders and link 22,000 circuit-kilometers of transmission lines by 2035.</p>
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		<title>&#8216;Draconian development&#8217; in Meta-Manus deal draws the line in China&#8217;s AI race with the U.S.</title>
		<link>https://lsd.hu/draconian-development-in-meta-manus-deal-draws-the-line-in-chinas-ai-race-with-the-u-s/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Tue, 28 Apr 2026 11:26:46 +0000</pubDate>
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					<description><![CDATA[Manus was hailed by Chinese state media as the &#8220;next DeepSeek&#8221; soon after its launch in March 2025, months before the startup relocated to Singapore. Cheng Xin &#124; Getty Images News &#124; Getty Images BEIJING — China&#8217;s decision to block U.S. tech giant Meta&#8216;s $2 billion acquisition of artificial intelligence startup Manus is being seen [&#8230;]]]></description>
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<p>Manus was hailed by Chinese state media as the &#8220;next DeepSeek&#8221; soon after its launch in March 2025, months before the startup relocated to Singapore.</p>
<p>Cheng Xin | Getty Images News | Getty Images</p>
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<p>BEIJING — China&#8217;s decision to block U.S. tech giant <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">Meta<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>&#8216;s $2 billion acquisition of artificial intelligence startup Manus is being seen by analysts as a warning to tech entrepreneurs.</p>
<p>&#8220;Clearly after Manusgate, founders will know that if you start in China, you stay in China,&#8221; said Duncan Clark, an early advisor to Alibaba and chairman of consultancy firm BDA China.</p>
<p>&#8220;We know the deal was already in trouble,&#8221; he said, &#8220;but this draconian development is on the more extreme side of the likely outcomes.&#8221;</p>
<p>The timing is notable as it comes just days before Meta&#8217;s <a href="https://investor.atmeta.com/investor-events/default.aspx" target="_blank" rel="noopener">scheduled earnings release</a> Wednesday local time, and less than a month before a planned visit by U.S. President Donald Trump to Beijing, during which trade and investment are expected to be discussed.</p>
<p>The case also has direct implications for how businesses and investors position themselves in the U.S.-China tech race, as they navigate new risks around data, talent and intellectual property.</p>
<p>For Chinese AI startups and U.S. investors, &#8220;the takeaway is that Singapore incorporation alone does not de-risk a deal from Chinese regulatory reach,&#8221; said Chris Pereira, president and CEO of consulting firm iMpact.</p>
<p>&#8220;The broader implication,&#8221; he said, &#8220;is that a new front in the competition between the U.S. and China just opened up: talent itself.&#8221;</p>
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<h2 class="ArticleBody-subtitle"><a id="headline0"/>What&#8217;s next for the deal</h2>
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<p>Chinese authorities on Monday demanded that parties involved with the transaction withdraw, just months after launching a probe. It was not immediately clear how the unwinding process would proceed.</p>
<p>Analysts said the decision could serve as a signal to founders about relocating sensitive technology overseas.</p>
<p>&#8220;More than the models and AI agents, China is most concerned about whether China-origin strategically sensitive technologies — and the data and talent behind them — are effectively transferred offshore by corporate restructuring in Singapore,&#8221; said Winston Ma, adjunct professor at NYU School of Law.</p>
<p>&#8220;The most complex aspect of this deal unwinding in the digital world is the data reversal,&#8221; Ma said, noting it&#8217;s much more challenging than reversing a physical goods transaction. </p>
<p>A Meta spokesperson told CNBC that the transaction &#8220;complied fully with applicable law. We anticipate an appropriate resolution to the inquiry.&#8221; Manus did not immediately respond to a CNBC request for comment.</p>
<p>&#8220;The practical reality is China has no leverage over Meta,&#8221; said Gary Dvorchak, Blueshirt Group managing director. The Facebook parent&#8217;s social media platforms are blocked in China by an internet firewall.</p>
<p>Compared with its business in the European Union, Meta &#8220;makes nothing in China,&#8221; which means the company could ignore Beijing and proceed with the deal, Dvorchak said. But Beijing could disrupt Manus&#8217; operations, making the startup &#8220;essentially worthless to Meta if they merge,&#8221; he added. </p>
<p>Meta disclosed that about 11% of its revenue in 2024 came from China, but <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001326801/b919eb05-86d9-4412-a8ff-308be1afb070.pdf" target="_blank" rel="noopener">did not share those figures in 2025.</a> Europe accounted for more than 20% of Meta&#8217;s revenue in 2024 and 2025.</p>
<p>While Meta noted in its 2025 annual report that it generates &#8220;meaningful revenue from a small number of resellers serving advertisers based in China,&#8221; it flagged that regulatory action, including U.S.-China tensions, could be a risk to its financial performance.</p>
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<p>Beijing&#8217;s move to block the acquisition appeared to be the first time China used foreign investment security review measures introduced in late 2020. </p>
<p>Reflecting the weight of national security concerns, the rules established a dedicated office under the National Development and Reform Commission, China&#8217;s economic planning agency.</p>
<p>The measures called on companies to seek approval for deals involving national security concerns before <a href="https://www.chinalawtranslate.com/en/foreigninvestmentsecurityreview/" target="_blank" rel="noopener">undertaking a foreign investment &#8220;directly or indirectly&#8221;</a> in mainland China. It is unclear whether Meta or Manus was required to do so and whether they communicated with regulators in advance. Reports indicate Beijing started reviewing the deal <a href="https://www.wsj.com/tech/ai/meta-is-preparing-to-have-to-undo-its-manus-acquisition-after-china-ban-a4ffbefb" target="_blank" rel="noopener">after it was announced</a>.</p>
<p>&#8220;Manus&#8217;s <a href="https://www.globaltimes.cn/page/202604/1359940.shtml" target="_blank" rel="noopener">early R&amp;D was conducted in China</a> and &#8230; its core data originated there,&#8221; Chinese state-run tabloid Global Times said in an English-language version of its editorial overnight. </p>
<p>&#8220;The key issue is not where the company is registered or where its team is currently based,&#8221; the editorial said. &#8220;Rather, it lies in the extent of its technological, talent and data links with China, &#8220;and whether the transaction could harm China&#8217;s industrial security and development interests.&#8221;</p>
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<h2 class="ArticleBody-subtitle"><a id="headline1"/>National attention</h2>
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<p>As OpenAI&#8217;s ChatGPT took the world by storm in 2022, Washington tightened restrictions on chip exports to China, limiting access to a lucrative market for companies such as U.S. semiconductor giant Nvidia.</p>
<p>China has pushed for tech self-sufficiency but has struggled to catch up. Breakthroughs from firms such as DeepSeek in January 2025 marked a moment of national pride.</p>
<p>The open-sourced AI model did not rely on overseas-trained talent. DeepSeek also slashed AI usage costs — even as the U.S. restricted China&#8217;s access to high-end chips.</p>
<p>On the heels of this enthusiasm, <a href="https://x.com/ManusAI/status/1897294098945728752?s=20" target="_blank">Manus, on March 5, 2025</a>, released an AI tool that took the tech to the next level, from generating ideas to autonomously completing tasks.</p>
<p>China&#8217;s state media hailed the launch as &#8220;<a href="https://news.cnr.cn/native/gd/20250310/t20250310_527095520.shtml" target="_blank" rel="noopener">the next DeepSeek</a>.&#8221; Beijing&#8217;s municipal government was quick to highlight that Manus was created by a local tech company called <a href="https://fgw.beijing.gov.cn/gzdt/fgzs/mtbdx/bzwlxw/202503/t20250310_4030672.htm" target="_blank" rel="noopener">Beijing Red Butterfly Technology.</a></p>
<p>But <a href="https://www.scmp.com/tech/tech-trends/article/3317568/chinese-firm-behind-ai-agent-manus-relocates-singapore-amid-us-chip-curbs" target="_blank" rel="noopener">by July 2025</a>, Manus had restructured as a Singapore-headquartered company. In March, China outlined plans to transform its technology ambitions in its latest five-year development plan.</p>
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<p>China wants to &#8220;avoid situations where Chinese talent can boost U.S. firms in their AI rivalry,&#8221; BDA&#8217;s Clark said, noting that Chinese talent accounts for about half of the global AI engineering pool in biotech and many other sectors.</p>
<p>&#8220;They don&#8217;t want to allow people or companies to bend or skirt the rules. We saw this with Ant Group&#8217;s aborted IPO, Didi jumping the gun with its U.S. listing then delisting. Now Manus.&#8221;</p>
<p>There&#8217;s also a flip side.</p>
<p>&#8220;The Manus case could further divide the AI ecosystem between China and [the] U.S., deterring overseas AI talents from returning to China,&#8221; said Dan Wang, a director on Eurasia Group&#8217;s China team.</p>
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		<title>Wealthy nations slashed development aid in 2025 for second year in row, debt group says</title>
		<link>https://lsd.hu/wealthy-nations-slashed-development-aid-in-2025-for-second-year-in-row-debt-group-says/</link>
		
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		<pubDate>Wed, 08 Apr 2026 18:59:19 +0000</pubDate>
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					<description><![CDATA[Wealthy nations slashed their development aid in 2025, probably by record-breaking amounts, a debt group said, ahead of data set to be released on Thursday by the Paris-based Organisation for Economic Cooperation and Development. The deep cuts, for a second consecutive year, are expected to reduce the total amount of official development aid globally to [&#8230;]]]></description>
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<p>Wealthy nations slashed their development aid in 2025, probably by record-breaking amounts, a debt group said, ahead of data set to be released on Thursday by the Paris-based Organisation for Economic Cooperation and Development.</p>
<p>The deep cuts, for a second consecutive year, are expected to reduce the total amount of official development aid globally to around $170-$190 billion &#8211; levels last seen during the COVID pandemic in 2020-21, the European Network on Debt and Development (Eurodad) said at a briefing on Wednesday.</p>
<p>Those ⁠estimates compare with total official development aid of $223.7 billion in 2023 and $212.1 billion in 2024.</p>
<p>The decline contrasts sharply with defence spending, which stood at $1.4 trillion in 2025 across the 32 member states of the NATO military alliance, which comprises the United States, most European nations and Canada.</p>
<p>The closure of the U.S. Agency for International Development last year and a drop in allocations from other developed countries have already hit developing economies, especially in Africa.</p>
<p>“The least developed countries and sub-Saharan Africa are expected to face disproportionate impacts, with official development assistance cuts ranging from 13% to 28%,” said Matthew Simons, senior ⁠policy and advocacy officer at Eurodad.</p>
<p><strong>‘BLANK CHEQUE FOR WAR’</strong></p>
<p>Maria Jose Romero, Eurodad’s policy and advocacy manager, said the reductions in aid were undermining decades of development progress.</p>
<p>“Rich countries are writing a blank check for war while abandoning their long-standing commitment to deliver 0.7% of gross national income as development assistance,” she said.</p>
<p>The North Atlantic ⁠Treaty Organisation says all its 32 members are projected to have met the alliance’s spending target of 2% of national output in 2025.</p>
<p>However, only three of the 34 members and associates of the OECD’s Development Assistance Committee &#8211; ⁠a grouping of main bilateral aid donors &#8211; are expected to meet the 0.7% benchmark for development aid. Eurodad did not identify the three nations.</p>
<p>The committee’s ongoing self-review has raised concerns over legitimacy, ⁠with critics noting that decision-making remains concentrated among wealthy donor nations.</p>
<p>Meetings of the World Bank and International Monetary Fund next week are expected to focus on how multilateral institutions can fill the gap left by declining bilateral aid, Eurodad said.</p>
<p><strong>Source: Reuters</strong></p>
<p><em>&#8211;Agencies</em></p>
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		<title>U.S. executives, from Apple to Eli Lilly, revamp their push into the world&#8217;s second-largest economy at the China Development Forum</title>
		<link>https://lsd.hu/u-s-executives-from-apple-to-eli-lilly-revamp-their-push-into-the-worlds-second-largest-economy-at-the-china-development-forum/</link>
		
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		<pubDate>Sun, 29 Mar 2026 14:02:10 +0000</pubDate>
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					<description><![CDATA[Apple CEO Tim Cook (L) stands with Siemens CEO Roland Busch prior to the opening ceremony of the China Development Forum 2026 at the Diaoyutai State Guesthouse on March 22, 2026 in Beijing, China. China News Service &#124; China News Service &#124; Getty Images BEIJING — As corporate giants navigate U.S.-China tensions, more than 80 [&#8230;]]]></description>
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<p>Apple CEO Tim Cook (L) stands with Siemens CEO Roland Busch prior to the opening ceremony of the China Development Forum 2026 at the Diaoyutai State Guesthouse on March 22, 2026 in Beijing, China.</p>
<p>China News Service | China News Service | Getty Images</p>
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<p>BEIJING — As corporate giants navigate U.S.-China tensions, more than 80 global executives, from <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-1">Apple<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> to <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-2">Eli Lilly<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span><strong>,</strong> traveled to Beijing this weekend for the annual state-organized China Development Forum.</p>
<p>The executives&#8217; remarks reflected renewed interest in capturing the Chinese consumer, after years of uncertainty from the Covid-19 pandemic, slower growth and U.S. trade tensions.</p>
<p>Fresh off a recovery in Apple iPhone sales in China, the company&#8217;s CEO Tim Cook took the stage after Chinese Premier Li Qiang on Sunday, praising the &#8220;extraordinary&#8221; pace of technological progress in the country, such as factory automation.</p>
<p>He said: &#8220;We are proud to be part of that progress, and we&#8217;re committed to working alongside our supplier partners to push it even further.&#8221; He added that more than 90% of Apple&#8217;s production in China is powered by clean energy.</p>
<p>Apple still manufactures most of its iPhones in China, which accounted for nearly <a href="https://www.apple.com/newsroom/pdfs/fy2026-q1/FY26_Q1_Consolidated_Financial_Statements.pdf" target="_blank" rel="noopener">18% of Apple&#8217;s revenue in the December quarter</a>. Thanks to the iPhone 17 release, Apple smartphone sales in the first nine weeks of the year were up 23% year-on-year, bucking a 4% decline in China&#8217;s overall smartphone market, according to Counterpoint Research.</p>
<p>On his way to Beijing, Cook also visited Chengdu, China, as Apple has been pressured to cut its China App Store fees.</p>
<p>According to an official delegate list seen by CNBC, attendees included more than 30 executives of U.S. companies, including McDonald&#8217;s, Coach parent Tapestry, and Mastercard, along with representatives of British, South Korean and German corporations.</p>
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<p>Their trips to Beijing come as the U.S. and China reached a trade truce in October that lowered the effective tariff rate to less than 50% for a year. It remains unclear whether the two countries can extend the truce and whether Beijing will agree to allow more critically needed rare earths to leave the country.</p>
<p>U.S. President Donald Trump was scheduled to visit Beijing later this month for trade talks, but delayed the plans by at least a few weeks due to the Iran war.</p>
<p>U.S. companies have pushed ahead with plans to invest in China, even as the White House has sought to encourage more of that spending to return home.</p>
<p>Pharmaceutical giant Eli Lilly announced in March plans to <a href="https://mp.weixin.qq.com/s/TeQ2mtwPzlLEhZDXgCd6vQ" target="_blank" rel="noopener">invest $3 billion in China</a> over the next decade. The company reported that just under <a href="https://investor.lilly.com/static-files/45a92498-43d0-4e2d-a4e6-a9131841cfd6" target="_blank" rel="noopener">3% of its revenue</a> came from China last year.</p>
<p>CEO David A. Ricks told CNBC&#8217;s Eunice Yoon that he sees &#8220;significant&#8221; potential in China for the company&#8217;s GLP-1 obesity drug, if there are better reimbursement systems.</p>
<p>Beijing has made incremental improvements to foreign access.</p>
<p>Eli Lilly&#8217;s Mounjaro weight-loss drug was added to China&#8217;s <a href="https://finance.yahoo.com/news/eli-lilly-mounjaro-added-china-075225117.html" target="_blank" rel="noopener">list for reimbursements</a> under the state-run health insurance this year.</p>
<p>On Sunday, China&#8217;s Premier Li said Beijing would make it easier for foreign businesses to access the country&#8217;s services sector. He added that China would also buy more healthcare and digital technology products from abroad.</p>
<p>He also pushed back on the idea that state subsidies drove China&#8217;s technological development, while stating that the country has never pursued a trade surplus. Li noted that many products made in China by foreign companies are exported back to their home markets, with profits accruing to investors.</p>
<p>China reported a record trade surplus in 2025. This year, China began its 15th five-year development plan, with a focus on boosting tech self-sufficiency as well as domestic demand. Measures to support consumption have focused on trade-in subsidies and incremental increases to social welfare.</p>
<p>But the high-level China Development Forum didn&#8217;t reflect all views. Stephen Roach, an economist and senior fellow at Yale Law School, said he was not invited this year, after 25 years of attending the event. </p>
<p>&#8220;My focus on consumer-led rebalancing was always presented as constructive criticism,&#8221; he told CNBC by email. &#8220;Ironically, it is something they have finally embraced in the 15th five-year plan — albeit with inadequate policies.&#8221;</p>
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<p>But executives that were still invited have businesses at stake. <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-11">Volkswagen<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span> CEO Oliver Blume has now visited Beijing twice in just four weeks. He accompanied German Chancellor Friedrich Merz on a state visit in late February.</p>
<p>&#8220;Our long-standing partnership provides an opportunity to address challenges clearly at the China Development Forum as well: volatile supply chains, an imbalance between supply and demand, and high price pressure in the market,&#8221; Blume said in a statement distributed to media.</p>
<p>&#8220;As China&#8217;s largest foreign investor, we rely on stable framework conditions,&#8221; he said. &#8220;That is why we welcome measures to sustainably improve domestic demand and fair competition, as well as the stabilization of supply chains.&#8221;</p>
<p>“This year will be a very crucial one,&#8221; Blume told CNBC&#8217;s Eunice Yoon on the sidelines of the forum Sunday. </p>
<p>After a three-year effort to build up local manufacturing and tech capabilities, Volkswagen is launching 20 new models in China this year. The automaker reported an <a href="https://uploads.vw-mms.de/system/production/documents/cws/003/212/file_en/41966a4270c8a0a4185b3ab69eaa433cf6892168/annual-report-2025-volkswagen-group.pdf?1773224256" target="_blank" rel="noopener">8% drop in China passenger car sales last year.</a></p>
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		<title>Two Development Officers arrested for hoarding Cyclone Ditwah relief supplies</title>
		<link>https://lsd.hu/two-development-officers-arrested-for-hoarding-cyclone-ditwah-relief-supplies/</link>
		
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		<pubDate>Sat, 14 Mar 2026 17:21:59 +0000</pubDate>
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		<guid isPermaLink="false">https://lsd.hu/two-development-officers-arrested-for-hoarding-cyclone-ditwah-relief-supplies/</guid>

					<description><![CDATA[Two female Development Officers have been arrested by the Aranayake Police for allegedly hoarding a stock of relief supplies intended for families affected by Cyclone Ditwah in the Aranayake Divisional Secretariat Division, at their residences. Police stated that one of the arrested officers had also been serving as the storekeeper of the Aranayake Divisional Secretariat. [&#8230;]]]></description>
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<p>Two female Development Officers have been arrested by the Aranayake Police for allegedly hoarding a stock of relief supplies intended for families affected by Cyclone Ditwah in the Aranayake Divisional Secretariat Division, at their residences.</p>
<p>Police stated that one of the arrested officers had also been serving as the storekeeper of the Aranayake Divisional Secretariat.</p>
<p>The relief items had been provided by the government and several other institutions for distribution among families affected by the disaster.</p>
<p>Following information received by Kegalle Additional District Secretary Dilith Nishantha, an investigation was launched under the supervision of Kegalle District Secretary Jagath M. Herath. </p>
<p>During a joint investigation carried out by officers from the District Secretariat together with the Aranayake Police, the relief supplies were discovered hidden inside the officers’ residences.</p>
<p>Accordingly, the two female officers have been taken into custody by the police.</p>
<p>Further investigations are being conducted under the personal supervision of Senior Superintendent of Police of Kegalle, while authorities have also decided to assess the value of the seized relief goods.</p>
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		<title>FDA chief warns U.S. is losing ground to China in early drug development, calls for faster trial approvals</title>
		<link>https://lsd.hu/fda-chief-warns-u-s-is-losing-ground-to-china-in-early-drug-development-calls-for-faster-trial-approvals/</link>
		
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		<pubDate>Wed, 18 Feb 2026 22:07:39 +0000</pubDate>
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		<guid isPermaLink="false">https://lsd.hu/fda-chief-warns-u-s-is-losing-ground-to-china-in-early-drug-development-calls-for-faster-trial-approvals/</guid>

					<description><![CDATA[Food and Drug Administration Commissioner Marty Makary warned that the U.S. is falling behind China in early-stage drug development and called for reforms that could streamline the process for starting trials on new treatments.  In an interview with CNBC on Wednesday, Makary specifically pointed to three bottlenecks that he said cause the U.S. to fall [&#8230;]]]></description>
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<p>Food and Drug Administration Commissioner Marty Makary warned that the U.S. is falling behind China in early-stage drug development and called for reforms that could streamline the process for starting trials on new treatments. </p>
<p>In an interview with CNBC on Wednesday, Makary specifically pointed to three bottlenecks that he said cause the U.S. to fall behind on those early drug trials. </p>
<p>That includes hospital contracting as well as ethical reviews and approvals, both of which he called &#8220;clunky processes that take too long and are leaving us non-competitive with the countries that are moving a lot faster.&#8221; He also pointed to the process for submitting and receiving approvals for so-called Investigational New Drug applications, which companies submit to test a product in humans. </p>
<p>&#8220;We walked into a mess,&#8221; Makary said, referring to how behind China the U.S. was in terms of phase one clinical trials conducted in 2024. </p>
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<p>Food and Drug Administration Commissioner Marty Makary speaks in the Oval Office at the White House on Jan. 29, 2026.</p>
<p>Samuel Corum | Getty Images</p>
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<p>He said the FDA is &#8220;looking at everything,&#8221; such as whether it can partner with health systems and academic medical centers on the pre-IND process. That refers to when companies consult the FDA before formally filing an application. </p>
<p>He said the Trump administration should &#8220;partner with industry to help them deliver more cures and meaningful treatments for the American public because that is a common bipartisan goal that we all want,&#8221; he added. &#8220;And we&#8217;re going to get it done in this administration.&#8221;</p>
<p>China&#8217;s biotech ecosystem has flourished over the last several years, driven by massive state investment, a vast talent pool and accelerated regulatory reforms. Once known for being a low-cost manufacturing base that pumps out copycats, China is rapidly evolving into a global innovation powerhouse. </p>
<p>Data from <a href="https://www.axios.com/2025/05/29/china-biotech-boom-us-drug-trials" target="_blank" rel="noopener">Global Data</a> and <a href="https://www.morganstanley.com/insights/articles/china-biotech-boom-generics-to-innovators#:~:text=China&#039;s%20biotech%20industry%2C%20historically%20recognized,longer%20merely%20a%20regional%20story.%E2%80%9D" target="_blank" rel="noopener">Morgan Stanley</a> show that China now conducts more clinical trials than the U.S., accounts for nearly a third of new global drug approvals and is on pace to reach 35% of FDA approvals by 2040. </p>
<p>U.S. policymakers have been under pressure to take steps to boost innovation domestically. </p>
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		<title>Construction firm Italian-Thai Development is under fire after consecutive crane collapses &#124; Fortune</title>
		<link>https://lsd.hu/construction-firm-italian-thai-development-is-under-fire-after-consecutive-crane-collapses-fortune/</link>
		
		<dc:creator><![CDATA[LSD News Szerkesztőség]]></dc:creator>
		<pubDate>Mon, 19 Jan 2026 11:38:59 +0000</pubDate>
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		<guid isPermaLink="false">https://lsd.hu/construction-firm-italian-thai-development-is-under-fire-after-consecutive-crane-collapses-fortune/</guid>

					<description><![CDATA[Italian-Thai Development, one of Thailand’s largest construction conglomerates, is in the spotlight after successive fatal incidents on its building sites. On Jan. 14, a crane collapsed onto a passenger train in the country’s northeast, killing at least 32 people. Just one day later, another crane fell on a highway project in Samut Sakhon province, leading [&#8230;]]]></description>
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<br /><img decoding="async" src="https://fortune.com/img-assets/wp-content/uploads/2026/01/GettyImages-2255651622.jpg?w=2048" alt="GettyImages 2255651622" title="Construction firm Italian-Thai Development is under fire after consecutive crane collapses | Fortune 12"></p>
<p>Italian-Thai Development, one of Thailand’s largest construction conglomerates, is in the spotlight after successive fatal incidents on its building sites.</p>
<div>
<p>On Jan. 14, a crane collapsed onto <a aria-label="Go to https://www.straitstimes.com/asia/se-asia/at-least-25-killed-after-crane-falls-on-train-in-thailands-north-east-police-say?ref=inline-article" href="https://www.straitstimes.com/asia/se-asia/at-least-25-killed-after-crane-falls-on-train-in-thailands-north-east-police-say?ref=inline-article" target="_blank" rel="noopener">a passenger train</a> in the country’s northeast, killing at least 32 people. Just one day later, another crane fell on a highway project in Samut Sakhon province, leading to two deaths. Italian-Thai Development helmed both projects, and so on Jan. 16, Thailand’s Transport Ministry ordered a 15-day construction halt on more than ten projects overseen by the company, citing a “danger to the public.”</p>
<p>Italian-Thai Development released a statement to Thailand’s stock exchange on Jan. 15, noting that it had started the process of assessing damage and will take responsibility by providing compensation. <em>Fortune</em> has reached out to Italian-Thai Development for further comment.</p>
<p>The construction company is also <a aria-label="Go to https://www.channelnewsasia.com/asia/thailand-end-search-site-skyscraper-collapsed-earthquake-5126821" href="https://www.channelnewsasia.com/asia/thailand-end-search-site-skyscraper-collapsed-earthquake-5126821" target="_blank" rel="noopener">linked to the collapse of a partially-constructed skyscraper</a> in Bangkok last March, following a devastating earthquake in nearby Myanmar. The disaster killed almost 100 people. </p>
<p>Following the skyscraper incident, Premchai Karnasuta, the CEO of Italian-Thai Development, was indicted alongside 22 others, on charges including document forgery and professional negligence causing death. (Executives from China Railway No. 10, a Chinese state-owned construction firm that partnered with Italian-Thai Development, were also charged.)</p>
<p>Italian-Thai Development, with $2 billion in 2024 revenue, ranks No. 174 on <em>Fortune</em>’s Southeast Asia 500 list, which measures the region’s largest firms by revenue. </p>
<p>Thai businessman Uthai Vongnai and Italian engineer Giovanni Tani founded Italian-Thai Development in 1958, after the two worked together salvaging five ships that sank in the Chao Phraya River. The firm expanded to sectors like real estate, manufacturing and mining, and has had a hand in building some of Thailand’s largest public infrastructure projects, like Bangkok’s subway system.</p>
<p>Still, the firm has had a rocky few years. They lost a total of 6 billion Thai baht ($192 million) between 2020 and 2022, according to <a aria-label="Go to https://www.bangkokpost.com/business/general/2758639/italian-thai-development-faces-b108bn-debt-crunch-as-overseas-projects-fail" href="https://www.bangkokpost.com/business/general/2758639/italian-thai-development-faces-b108bn-debt-crunch-as-overseas-projects-fail" target="_blank" rel="noopener">the <em>Bangkok Post</em></a>, in part after its work in Myanmar was stalled after a 2021 coup and imposition of military rule.  </p>
<p>Karnasuta, Italian-Thai Development’s CEO, was also <a aria-label="Go to https://www.straitstimes.com/asia/se-asia/thai-tycoon-jailed-for-wildlife-poaching" href="https://www.straitstimes.com/asia/se-asia/thai-tycoon-jailed-for-wildlife-poaching" target="_blank" rel="noopener">jailed for illegal poaching</a> in 2021, after he was caught with hunting gear and animal carcasses in one of Thailand’s wildlife sanctuaries. He was released on parole in 2023. </p>
<p>Italian-Thai Development has been forced to slash costs and dump several overseas units. The firm’s market value plunged from a peak of 12 billion baht ($384 million) in 2021 to just 1 billion baht ($32 million) in 2026.</p>
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		<title>China shows global leadership in advancing womens development, says Sri Lankan PM</title>
		<link>https://lsd.hu/china-shows-global-leadership-in-advancing-womens-development-says-sri-lankan-pm/</link>
		
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		<pubDate>Sun, 12 Oct 2025 20:19:59 +0000</pubDate>
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		<guid isPermaLink="false">https://www.lsd.hu/china-shows-global-leadership-in-advancing-womens-development-says-sri-lankan-pm/</guid>

					<description><![CDATA[China has demonstrated strong commitment and global leadership in advancing women’s rights and gender equality through concrete actions such as hosting the Global Leaders’ Meeting on Women, said Sri Lankan Prime Minister Harini Amarasuriya. In an exclusive interview with Xinhua at the Sri Lankan parliament ahead of her visit to China for the summit in [&#8230;]]]></description>
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<p>China has demonstrated strong commitment and global leadership in advancing women’s rights and gender equality through concrete actions such as hosting the Global Leaders’ Meeting on Women, said Sri Lankan Prime Minister Harini Amarasuriya.</p>
<p>In an exclusive interview with Xinhua at the Sri Lankan parliament ahead of her visit to China for the summit in Beijing, Amarasuriya said the event will boost confidence in the global cause of women’s development.</p>
<p>“Beijing hosted an extremely important summit on women’s development and on women and gender 30 years ago. What was discussed then holds true even now,” she said, deeming it “really significant” that Beijing once again hosts a summit focused on women’s development after three decades.</p>
<p>“It’s really important that we remind the world of the importance of taking into consideration women’s issues when it comes to development or anything else,” she added.</p>
<p>Unequal access to economic opportunities, she said, remains a major barrier to women’s progress. In some developing countries, women still face low wages, informal employment, and limited social protection, leading to the persistent undervaluation of their contributions.</p>
<p>“This situation impacts women’s ability to participate as full citizens,” she said. “To achieve genuine changes, we need to bring about structural changes that give women access to the economy, education and health systems, and ensure women’s substantive participation in the decision-making process.”</p>
<p>On China’s achievements, Amarasuriya said that Chinese women today are more confident, independent and active in public life. “With that comes then higher levels of freedom as well,” she said, describing this as China’s unique contribution to global women’s empowerment.</p>
<p>She noted that China’s political and economic systems allow it to address systemic inequalities and reduce marginalization. “China has made real advances in empowering women economically. It continues to support women and is also willing to take global leadership on these issues,” she said.</p>
<p>Amarasuriya said Sri Lanka and China enjoy broad prospects for cooperation in advancing women’s empowerment and gender equality.</p>
<p>“There are strong female leaders in China, and Sri Lanka has a historic number of women in parliament this year,” she said. “On issues like education and health, which directly affect women’s and children’s wellbeing, there’s a lot of scope for our collaboration.”</p>
<p>She also thanked China for its assistance in providing school uniform fabric to Sri Lanka, which is a “tremendous gift” from the Chinese people. “We deeply appreciate it,” she said.</p>
<p>Looking ahead to the Global Leaders’ Meeting on Women, Amarasuriya said she is full of expectations.</p>
<p>“It will be my first opportunity to take part in a global summit centered on women,” she said, adding that meeting and sharing experiences with female leaders from around the world will be deeply meaningful.</p>
<p>“I believe this summit will be very useful for us as a reflection of the last 30 years and how we need to move forward,” she said. “We hope to send a clear message through this meeting that women still need to be counted, and women still need to be prioritized in our political and development agendas.”</p>
<p><strong>Source: Xinhua</strong></p>
<p><em>&#8211;Agencies</em></p>
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		<title>AIIB reaffirms support for Sri Lankas green energy and development goals</title>
		<link>https://lsd.hu/aiib-reaffirms-support-for-sri-lankas-green-energy-and-development-goals/</link>
		
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		<pubDate>Tue, 07 Oct 2025 20:07:52 +0000</pubDate>
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		<guid isPermaLink="false">https://www.lsd.hu/aiib-reaffirms-support-for-sri-lankas-green-energy-and-development-goals/</guid>

					<description><![CDATA[The President of the Asian Infrastructure Investment Bank (AIIB), Jin Liqun, affirmed AIIB’s commitment to supporting Sri Lanka’s development, particularly in the promotion of the green energy sector.  This statement was made during a meeting at the Presidential Secretariat this morning (07), where AIIB Head Jin Liqun, accompanied by senior management, met with President Anura [&#8230;]]]></description>
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<p>The President of the Asian Infrastructure Investment Bank (AIIB), Jin Liqun, affirmed AIIB’s commitment to supporting Sri Lanka’s development, particularly in the promotion of the green energy sector. </p>
<p>This statement was made during a meeting at the Presidential Secretariat this morning (07), where AIIB Head Jin Liqun, accompanied by senior management, met with President Anura Kumara Dissanayake, according to the President’s Media Division (PMD).</p>
<p>The delegation reviewed the progress of projects implemented in Sri Lanka under AIIB loans and Liqun expressed his intention to continue collaborating with the country to support its overall progress.</p>
<p>He highlighted that future support will focus on sectors such as green energy and green transportation, while ensuring energy stability in Sri Lanka, the PMD said.</p>
<p>President Dissanayake provided an overview of the country’s economic progress, including reduced interest rates and controlled inflation, emphasizing the government’s goal of delivering the benefits of economic growth to the people. </p>
<p>The President also outlined plans to restructure the public sector and enhance the efficiency and effectiveness of public services, with a focus on Artificial Intelligence and digitalization to streamline service delivery, reduce the gap between villages and cities and facilitate international transactions.</p>
<p>President Anura Kumara Dissanayake further stated that, in attracting foreign investments to develop Sri Lanka as a region with low-cost electricity supply, the government hopes to introduce a data centre. He also noted that the government has a planned program to enhance productivity in key sectors such as agriculture and fisheries.</p>
<p>Additionally, the President briefed the delegation, including the President of the AIIB, on the new reforms being implemented in the education sector, it added.</p>
<p>The delegation was accompanied by Minister of Labour and Deputy Minister of Economic Development Dr. Anil Jayantha Fernando, Secretary to the Ministry of Finance Dr. Harshana Suriyapperuma, Senior Additional Secretary to the President R. Aponsu and other officials.</p>
<p>&#13;<br />
<em><strong>&#8211;PMD&#8211;</strong></em></p>
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