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- When Donald Trump held a rally in rural Pennsylvania last week, he hit familiar themes: immigration, his legal woes and rising prices. But he got his loudest cheers when he promised to lift Joe Biden’s ban on new natural gas exports, highlighting the unpopularity of the policy in a critical swing state
- Ukraine President Volodymyr Zelenskyy wrote
Ukraine President Volodymyr Zelenskyy wrote on social media platform X on Sunday: “Patriots can only be called air defence systems if they work and save lives rather than standing immobile somewhere in storage bases.”
- The region-wide Stoxx Europe 600 fell 1.5 per cent in its biggest one-day drop since last July. London’s FTSE 100 fell 1.8 per cent, also its worst day in nine months, as declines in Europe were led by energy groups, banks, and miners, which are over-represented in the commodity-heavy index.
- Other top banks Citigroup, JPMorgan Chase and Wells Fargo also
Other top banks Citigroup, JPMorgan Chase and Wells Fargo also recorded drops in lending in the first three months of the year as they revealed results late last week.
- This month, Adidas made headlines in Germany when it unveiled the national team’s kit for Euro 2024, including a pink away jersey that has no historical **precursor**. The company said this week that the jersey had already become a bestseller but declined to disclose detailed numbers.
- Footage posted on social media
Footage posted on social media appears to show the 737-800 aircraft rolling down the runway at Denver International airport as the right engine covering begins to disintegrate.
- An alleged Ponzi scheme run by a Harvard MBA who solicited money from fellow alumni of the prestigious US business school has been shut down by a New York court after collecting more than $ 2.9mn.
- New York attorney-general Letitia
New York attorney-general Letitia James said Thursday her office had secured the court order to freeze funds controlled by Vladimir Artamonov, after being alerted of the suicide of one of his clients who lost $ 100,000.
- According to the survey of 57 central banks and 85 sovereign wealth funds managing some $ 21tn in assets, many sovereign investors were “concerned” by the precedent set by the **confiscation** of Russian assets, with 96 per cent saying further investment in gold was driven by its status as a safe haven.
- A top US banking regulator has announced tougher capital rules for a broader range of lenders in a bid to shore up a financial system rattled by the failure of several regional banks earlier this year.
- The asset management industry faces dramatic consolidation over the next four years as one in six companies disappear because of a mix of market volatility, high interest rates and pressure on fees.
- The EU said a new transatlantic data-sharing agreement will come into force on Monday, in a move designed to reassure thousands of companies over the transfer of personal information between Europe and the US, even as the measures face legal challenges.
- Brad Pitt “looted” the Château Miraval vineyard he co-owned with ex-wife Angelina Jolie in Provence, spending millions of dollars on swimming pool renovations and a recording studio, lawyers suing the actor have claimed.
- Sixteen per cent of existing asset and
Sixteen per cent of existing asset and wealth managers will go out of business or be bought up by bigger groups by 2027, according to a PwC survey of 500 asset managers and institutional investors.
- Michael Barr, vice-chair for supervision at the Federal Reserve
Michael Barr, vice-chair for supervision at the Federal Reserve, on Monday unveiled regulatory changes for institutions with $ 100bn or more in assets, proposing harsher capital standards that will require banks to stow away additional capital that can be used to absorb any losses.
- Without experiencing hardships oneself, one should not advise others to do good.
- The high-speed trains have drastically shortened the travelling time within China.
- **That's one small step for a man, but one giant leap for mankind.**
- I wish you great fortune and good luck!
- United Airlines has found loose bolts on some plugged doors of its grounded 737 Maxes, threatening to widen Boeing’s problems as it expands public scrutiny beyond the single plane that suffered a mid-air blowout on Friday.
- UK start-up Genomics has raised £35mn as it seeks to accelerate the adoption of polygenic risk scores to help people predict and prevent diseases through partnerships with healthcare systems and pharma companies.
- The US and the UK are preparing strikes against Iran-backed Houthi rebels, after the Yemen-based militants ignored western warnings and stepped up attacks on commercial ships in the Red Sea.
- Microsoft briefly usurped Apple to become the world’s biggest company by market value on Thursday, as the boom in artificial intelligence brought a new twist to the decades-long rivalry between the two Big Tech groups
- The eurozone economy looks set for another downturn in the fourth quarter, while a recent pick-up in inflation is expected to persist in the coming months, the vice-president of the European Central Bank has warned.
- The president of Ecuador has said the country was at war with drug gangs, as dozens of prison staff were held hostage in a deteriorating security crisis that has seen a series of jailbreaks, bombings and the temporary takeover of a television studio.
- Boeing could not “afford another slip-up” with its 737 Max family of aircraft and must set aside financial targets to focus solely on quality and safety, warned the head of one of the world’s largest aircraft owners.
- Markets are still parsing the implications of the early Christmas present delivered by Jay Powell during his December press conference with comments signalling a sharp shift in the US Federal Reserve’s stance on interest rates.
- Tesla said sales growth for its electric vehicles would be “notably lower” this year than in 2023 as it revealed slower revenue growth and a shrinking gross margin for the final quarter of last year.
- Bank of America has sent what it calls “letters of education” to employees who have not been showing up at the office, warning them of disciplinary action as big lenders have been pushing to restore workplaces to a semblance of pre-pandemic norms.
- Council leaders from across England have urged ministers to urgently uprate funding subsidies for temporary accommodation, warning that soaring levels of homelessness threaten to tip many authorities into insolvency.
- Apple is quietly increasing its capabilities in artificial intelligence, making a series of acquisitions, staff hires and hardware updates that are designed to bring AI to its next generation of iPhones.
- The US economy expanded faster than expected in the third quarter, growing at its quickest pace in almost two years in the latest sign of the country’s economic resilience in the face of high interest rates
- Intel delivered a rare piece of good news for Wall Street on Thursday with third-quarter earnings that comfortably beat expectations and a robust forecast for the final months of the year, as a recovery in sales of PC chips pointed to a more solid end to the year for the struggling company
- Toyota says it is close to being able to manufacture next-generation solid-state batteries at the same rate as existing batteries for electric vehicles, marking a milestone in the global race to commercialise the technology.
- The US has warned that American troops and other personnel in the Middle East face the risk of a “significant escalation” of attacks against them as the Israel-Hamas war threatens to broaden into a regional conflict.
- In the final analysis, the council cannot stand still. The current situation in Gaza is escalating. More and more civilians are paying the price. The council should heed the just call of the Arab countries and the Palestinian people, and fulfill its obligations and play its due role in promoting a cease-fire, protecting civilians, and avoiding a greater humanitarian disaster, he said.
- China was shocked and disappointed at the Security Council's failure to adopt a resolution that would have called for humanitarian pauses in Gaza, said Zhang Jun, China's permanent representative to the United Nations, on Wednesday.
- A drop in credit card spending is raising concerns about the financial health of the US consumer and the outlook for holiday sales as cardholders face record-high interest charges.
- Momentum in advanced and emerging markets has slowed towards its weakest levels since the world emerged from the Covid-19 lockdowns, with the US standing as one of the few economic bright spots as rising interest rates take their toll elsewhere.
- Thursday’s decision sent the pound lower against the dollar but boosted the shares of property developers.
- The threat is the latest salvo in a trade dispute that revolves around Poland’s refusal to accept imports of Ukrainian grain, in contravention of EU rules, as Morawiecki’s ruling party steps up nationalist rhetoric ahead of next month’s elections.
- "We hope to put up the best possible performances in front of our fans and do it in a clean and honest way with zero tolerance against doping," Gao Zhidan, minister of the sport administration, said during the delegation unveiling ceremony on Tuesday.
- There’s a reason runners refer to the treadmill as the “dreadmill.” The exercise machine provides limited visual stimuli and is typically located in a gym or basement, which can be a stuffy, uninviting place to run. Clocking mile after mile in the same place, especially for a long run, can mean an hour or more of boredom.
- put on makeup \make-up\dress up
- The US should use its leadership in semiconductors as a “chokepoint” to enforce minimum global standards for the use of artificial intelligence, according to the head of one of the country’s most ambitious AI start-ups.
- The new data comes just three weeks ahead of a crucial Fed policy meeting when chair Jay Powell and officials will decide whether they have squeezed the economy sufficiently to bring historically high inflation back under control, after raising the benchmark interest rate to a 22-year high.
- SoftBank, led by Masayoshi Son, acquired UK-based Arm for $32bn in 2016. Monday’s filing confirmed that an internal transaction earlier this month between SoftBank Group and its Vision Fund — an investment vehicle that the Japanese conglomerate manages — valued Arm at $64bn.
- SoftBank, led by Masayoshi Son, acquired UK-based Arm for $32bn in 2016. Monday’s filing confirmed that an internal transaction earlier this month between SoftBank Group and its Vision Fund — an investment vehicle that the Japanese conglomerate manages — valued Arm at $64bn.
- SoftBank, led by Masayoshi Son, acquired UK-based Arm for $32bn in 2016. Monday’s filing confirmed that an internal transaction earlier this month between SoftBank Group and its Vision Fund — an investment vehicle that the Japanese conglomerate manages — valued Arm at $64bn.
- Amidst the continuing fervor for outdoor sports and activities like frisbee, hiking, or camping, China’s young generation now finds itself irresistibly drawn to a new trend — lure fishing.