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- Tesla has asked its shareholders to approve moving its state of incorporation from Delaware to Texas, fulfilling chief executive Elon Musk’s promise in February after a Delaware court voided his $ 56bn pay package.
- The US has often used its veto in the Security Council to
The US has often used its veto in the Security Council to prevent resolutions critical of Israel, its close ally in the Middle East, but last month proposed its own measure calling for an immediate ceasefire in Gaza amid mounting concern in Washington about the humanitarian toll. Russia and China vetoed the US initiative, saying it was “hypocritical”.
- The US and its European allies stepped up efforts to dissuade Israel from striking back against Iran on Monday, as Israel’s military chief vowed to respond to Tehran’s unprecedented attack on the country’s territory
- Blinken said Washington was “co-ordinating a diplomatic
Blinken said Washington was “co-ordinating a diplomatic response to seek to prevent escalation” in the wake of Saturday night’s barrage of more than 300 Iranian missiles, rockets and drones on Israel.
- Hamas said on Wednesday that three sons of Ismail Haniyeh, the Palestinian militant group’s political leader, had been killed in an Israeli air strike in Gaza
- The attack, which targeted a car in the Shati camp
The attack, which targeted a car in the Shati camp in the north of the coastal enclave, also killed three of Haniyeh’s grandchildren, the militant group said in a statement.
- Pfizer shares tumbled more than 7 per cent after the US drugmaker forecast 2024 revenues that were below consensus estimates, as the company attempts to chart a future for growth without blockbuster Covid-19 products.
- Federal Reserve chair Jay Powell sent his clearest signal yet on Wednesday that the US central bank was done with two years of tightening monetary policy and would begin cutting rates in 2024, sending Wall Street to new records as investors celebrated the prospects of lower borrowing costs.
- The UK’s top financial regulator has vowed to “intervene” if investment and pension platforms continue unfairly to withhold interest payments on their customers’ cash balances or charge excessive fees for managing them.
- The UN climate summit was locked in eleventh-hour negotiations on Tuesday after the majority of countries present clashed with Saudi Arabia and other oil-producing nations over whether to commit to the phaseout of fossil fuels.
- UK mortgage arrears hit a six-year high in the three months to September, according to Bank of England data, reflecting the impact of high borrowing costs on household finances.
- Joe Biden has said Benjamin Netanyahu must change tack, warning that Israel’s “indiscriminate bombing” in Gaza risked leaving the country isolated.
- The inquiry has heard damning testimonies in recent weeks, which have
The inquiry has heard damning testimonies in recent weeks, which have exposed chaos at the heart of the government as it struggled to respond to the rapid spread of the disease from early 2020.
- The data knocked investors’ hopes that the Federal Reserve will begin cutting
The data knocked investors’ hopes that the Federal Reserve will begin cutting rates as soon as the spring. Earlier this week, the price of gold hit an all-time high as traders ratcheted up bets of rate cuts next year.
- The cost of shipping a 40ft container from the Far East to Europe has soared almost 150 per cent over the past month, according to data from Xeneta, a **logistics** research firm.
- “The **hypocritical** onslaught at The Hague against the state of the Jews that arose from the ashes of the Holocaust . . . is a moral low point in the history of nations,” he added.
- BYD’s chair in the South American nation, Alexandre Baldy, said discussions had taken place with $ 2.9bn-valued Sigma Lithium over a possible supply agreement, joint venture or **acquisition**.
- The UK’s top financial regulator has vowed to “intervene” if investment and pension platforms continue unfairly to withhold interest payments on their customers’ cash balances or charge excessive fees for managing them.
- UK mortgage arrears hit a six-year high in the three months to September, according to Bank of England data, reflecting the impact of high borrowing costs on household finances.
- Offering his harshest criticism of the Israeli prime minister’s far-right coalition since the Jewish state began its military offensive in response to Hamas’s October 7 attack, the US president said Israel was “starting to lose . . . support” around the world.
- Tesla shares fell 12 per cent in New York on Thursday after warning that sales growth would be “notably lower” this year because of flagging demand, intensifying competition and persistent high interest rates that were damping the effect of a series of price cuts.
- The US economy grew at a 3.3 per cent annualised rate during the final quarter of last year, capping off a strong 2023 that defied recession fears and prompted President Joe Biden to attempt to claim credit.
- US airline chief executives expressed frustration over Boeing’s quality issues on Tuesday, as they revealed the extent of the cost impact and delivery delays from the fuselage blowout on an Alaska Airlines flight earlier this month.
- JPMorgan Chase chief executive Jamie Dimon has shuffled his leadership team and consolidated some of the bank’s businesses, grooming potential candidates who could eventually take over from him
- Iran-backed Houthis struck a US-owned cargo ship on Monday, the first direct assault on a commercial vessel since American and British forces launched multiple strikes against the Yemeni rebels last week.
- German output contracted 0.3 per cent last year as high inflation, rising interest rates and elevated energy costs made Europe’s largest economy one of the weakest performers in the world, according to an initial estimate released on Monday.
- North Korea has said it successfully fired a solid-fuel “hypersonic” missile for the first time, demonstrating Pyongyang’s increasingly sophisticated missile capabilities as the regime deepens defence co-operation with Russia.
- Tether, one of the world’s largest cryptocurrency platforms, has emerged as one of the leading payment methods for money launderers and fraudsters operating in south-east Asia, the UN has warned.
- But the group is also competing with rivals Google and Microsoft to capitalise on the excitement around generative AI, including via its cloud business but also with consumer products such as the next **iteration** of the Alexa voice assistant.
- Financial markets largely **brushed off** the pause, with stock markets stuck in negative territory and government bond yields stable.
- The US and Vietnam have agreed billions of dollars in business deals and partnerships led by companies including Boeing, Microsoft and Nvidia, after the former foes upgraded their ties in a historic shift in response to China’s growing influence.
- Qualcomm has extended a deal to supply 5G modems for Apple’s smartphones, in a sign the iPhone maker is still struggling to perfect the technology in-house.
- The average interest rate for US junk bonds has risen from 8.5 per cent to almost 9 per cent this month, **outpacing** the rise in Treasury yields
- Brussels started to look at it in earnest over the summer under the **snappily** alliterative rubric of “promoting, protecting, partnering” (respectively encouraging growth, defending against unfair trade and working with allies).
- The company added nearly 9mn net subscribers during the third quarter as it converted former **freeloaders** into paying customers
- Set during the meme stock craze of 2021, the plot ends before the real life story did — with losses for the retail investors who tried to **outsmart** big hedge funds.
- Still he said the lesson from March was that the failures of a few institutions can have significant impact more broadly and that it is better for regulators to “take care of these things **pre-emptively**”.
- Airbus is preparing to shake up its senior leadership and appoint a dedicated head of its flagship civil aircraft business as Europe’s aerospace and defence champion seeks to tackle operational issues and geopolitical challenges
- Ford is pausing construction on a $3.5bn plant in Michigan where it planned to make batteries for electric vehicles using technology from a Chinese company, amid controversy over the plan and an ongoing auto workers’ strike.
- Microsoft has pledged to assume legal responsibility for any copyright infringement over material generated by the artificial intelligence software it offers to businesses in Word, PowerPoint and its coding tools, as concerns mount over potential clashes with content owners.
- Goldman Sachs is preparing to impose another round of job cuts for employees deemed to be bottom performers, which could come as early as next month, said people familiar with the matter.
- Brussels’ requests for a total of €86bn in additional funding, aimed at easing strains on the EU budget while locking in four years of support to Ukraine, have divided member states and led to calls for reductions and a longer approval timetable, according to people involved in talks.
- EU funding to shore up Ukraine is being held up by fractious disagreements among member states, with worries about strained national budgets and rising costs in Brussels threatening the flow of financial support to Kyiv.
- Walmart said easing price pressures in the US and a strong labour market were supporting American shoppers, but warned that rising fuel prices and high borrowing costs would mean household budgets remain under pressure.
- The tax, which will be introduced in 2026, is designed to create a level playing field between EU companies that must pay a carbon price for their emissions and businesses importing from countries with lower or no charges for emissions.
- Taijiquan was born in the mid-17th century in a small village named Chenjiagou, located in central China's Henan Province, before it spread to more than 150 countries and regions, attracting more than 100 million practitioners.
- Hawaii Governor Josh Green said on Saturday that the death number would continue to rise. "Without a doubt, it feels like a bomb was dropped on Lahaina," Green said on Friday after walking the ruins of the town with the mayor.
- Tens of thousands of young people are being evacuated from the site of a global gathering of scouts in South Korea after soaring temperatures and the threat of an inbound typhoon derailed the movement’s set-piece event.
- A Russian court has frozen about $36mn worth of Goldman Sachs’ assets in the country after state-owned bank Otkritie, which is under western sanctions, filed a lawsuit against the US bank.
- The Louis Vuitton owner did not disclose the value of the agreement but it is worth roughly €150mn, said a person with knowledge of the matter.