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Iran's businesses bear brunt of daily power blackouts
Iran, despite holding some of the world's largest natural gas and oil reserves, has grappled with massive energy shortages in recent months.
Published: 2024-11-27 07:55:56
Foreign smartphone sales in China drop 44.25% in Oct, data shows
Sales of foreign-branded smartphones, including Apple Inc's iPhone, in China fell 44.25% in October year-on-year, according to data released on Wednesday from a government-affiliated research firm.
Published: 2024-11-27 07:55:51
Thanksgiving travel expected to break records amid FAA staffing issues
SEATTLE — Airports across the United States are preparing for what is anticipated to be the busiest Thanksgiving travel period ever, with the Federal Aviation Administration (FAA) expecting Tuesday to see the highest number of airplanes in the sky. AAA predicts more than 5.8 million will catch a…
Published: 2024-11-27 07:45:13
Roblox is offering 25% more Robux for users buying on the web and via gift cards than those making an IAP via Apple's App Store or Google's Play Store
As scrutiny around Apple and Google’s app store fees ramps up around the world, Roblox is now offering users who buy its game currency, Robux, on the web and via gift cards 25% more than they would get if they purchased from an app store instead. In essence, the company is encouraging users to…
Published: 2024-11-27 07:45:05
Turkey Demands Russia Sanctions Waiver From US For NatGas Ahead Of Winter
Turkey Demands Russia Sanctions Waiver From US For NatGas Ahead Of Winter The US and UK have this month been stepping up efforts to thwart Russia's sanctions evading efforts when it comes to energy exports. This week the British government sanctioned 30 ships involved in Russia's shadow fleet to…
Published: 2024-11-27 07:56:15
Trump is directing the trade war even before he takes office. Surprise tariffs were just the start
Michael B. Thomas/Getty Images; Rebecca Zisser/BI US President-elect Trump announced sweeping tariffs on Mexico, Canada, China, impacting global markets and currencies. Some analysts see Trump's tariff threats as leverage for countries to comply with the President-elect's wishes. Analysts expect…
Published: 2024-11-27 07:56:00
Twitter investors are said to benefit as xAI valuation surges
Investors in Elon Musk's $44 billion Twitter acquisition are poised to recover significant losses through their stakes in his artificial intelligence company, xAI, according to Financial Times sources...
Published: 2024-11-27 07:45:03
Jack Dorsey, Larry Ellison Among Elon Musk's Twitter Backers Set To Gain Windfall From xAI Deal
Investors who supported Elon Musk‘s acquisition of Twitter are reportedly seeing significant returns due to the rising valuation of his AI company, xAI. These investors, who received a 25% stake in xAI, are poised for substantial gains. What Happened: xAI, founded by Musk last year, is reportedly…
Published: 2024-11-27 07:45:04
US stock market surges to record high despite Trump’s tariff threats
US stocks have hit record highs despite United States President-elect Donald Trump’s pledge to impose sweeping tariffs that threaten to upend international trade. The S&P 500, which measures the performance of 500 of the biggest US firms, rose 0.57 percent on Tuesday to top its previous high set…
Published: 2024-11-27 07:34:24
Wednesday Brings Big Data and Low Stock-Trading Volume. It’s Going to Get Weird
Published: 2024-11-27 07:34:08
Flashbots unveils BuilderNet to combat centralization in Ethereum’s block building
Flashbots has launched BuilderNet to address the current centralization in the Ethereum block-building process.
Published: 2024-11-27 07:33:59
Trump’s trade tariffs would threaten economic growth, Bank of England’s Lombardelli warns – business live
Rolling coverage of the latest economic and financial news Trump’s tariff threat sets stage for bitter global trade war Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. A day after Donald Trump announced plans for fresh tariffs on Canada,…
Published: 2024-11-27 07:45:14
CNBC Daily Open: The markets are living in Trump’s world for now
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Rates to come down "gradually" U.S. Federal Reserve officials…
Published: 2024-11-27 07:45:05
CrowdStrike still doesn't know how much its Falcon flame-out will cost
CrowdStrike still doesn't know how much its Falcon flame-out will cost Thinks customers may have forgiven it after revenue hits a record CrowdStrike can't yet confidently predict the financial impact of the failed update to its Falcon software that crashed millions of computers around the world…
Published: 2024-11-27 07:34:07
Guangzhou court restricts China Evergrande founder Hui Ka-yan’s spending
It has been almost three years since China Evergrande, once the largest real estate developer in China, defaulted on its debts.
Published: 2024-11-27 07:34:09
Germany to shut down Russia's Channel One office
German authorities are set to close Russia's Channel One office in the country, citing security policy, the broadcaster announced on Wednesday. The outlet further mentioned that journalist Ivan Blagoy...
Published: 2024-11-27 07:34:20
What to know about Robby Starbuck, influencer linked to Walmart DEI overhaul
Published: 2024-11-27 07:23:29
Nvidia and Intel suppliers reassess Mexico plans amid Trump tariff threat
TAIPEI -- Server makers are scrambling to prepare for the possibility that Donald Trump will follow through on his vow to slap a 25% tariff on all goods imported from Mexico, a nation that has emerged as a key manufacturing hub for suppliers to major players like Nvidia, AMD and Intel. Some…
Published: 2024-11-27 07:23:25
Blue Origin forced to delete female astronaut's footage of first time in space after controversy
A female astronaut has said she won’t back down to ‘small men’ after a video of her in space had to be taken down. Jeff Bezos’ company Blue Origin were happy to make history when they sent American engineer Emily Calandrelli into space, marking her as the 100th woman to do so. Calandrelli was…
Published: 2024-11-27 07:23:14
Think Ethereum’s ETH is Dead? Surging Metrics Show Otherwise
The overwhelming chatter on social media, especially Crypto Twitter is that Ethereum’s ether (ETH) is dead, a narrowly moving token. Still, the market is betting on higher ETH prices as traders pile into derivatives tied to the cryptocurrency alongside a boom in Ethereum's blob usage. Cumulative…
Published: 2024-11-27 07:45:04
Australia introduces bill imposing big fines for supermarket misconduct
The Australian government on Wednesday introduced a bill into parliament that would impose potentially billion-dollar fines on big supermarket chains that fail to comply with an industry code of conduct ensuring they do not mistreat suppliers.
Published: 2024-11-27 07:23:35
Reddit targets international users for ad growth, teases bolstered search feature
Reddit is ramping up efforts to attract more users outside of the U.S., with countries like India and Brazil in focus, a top company executive told CNBC.
Published: 2024-11-27 07:23:22
VW to exit Xinjiang operation with sales of local plant, test track, sources say
Volkswagen will exit its controversial plant in China's Xinjiang region after it and its Chinese partner agreed to sell the asset to a Shanghai government-owned buyer, two people familiar with the matter said on Wednesday.
Published: 2024-11-27 07:23:22
The Trump Trade Is Back. There's Still Money To Be Made In These 3 Hot Sectors
Published: 2024-11-27 07:12:26
Gautam Adani faces charges for securities law violations, Adani Green says
Published: 2024-11-27 07:12:21
After fast start, electric cars need a recharge as range limits, cost leave some drivers skeptical
While sales of electric vehicles surge in China, the spread of more environmentally friendly vehicles is stumbling in the United States and Europe as carmakers and governments struggle to meet years-old promises about affordability and charging stations
Published: 2024-11-27 07:12:22
Goldman’s Upbeat South African Inflation Call Outdoes Central Bank View
Published: 2024-11-27 07:23:33
EasyJet's Q4 revenue up 9% to £3.40 billion
EasyJet PLC announced on Wednesday that its total revenue in the fourth quarter of the fiscal year 2024 stood at £3.40 billion, jumping 9% year on year. The company's revenue for the full year soared ...
Published: 2024-11-27 07:23:40
Samsung Electronics changes chip chiefs after Chairman Lee confronts 'crisis'
Samsung Electronics sought to inject impetus into its memory and foundry chip units by appointing new leaders on Wednesday, as it scrambles to catch SK Hynix and Taiwan's TSMC in the booming AI chip market.
Published: 2024-11-27 07:12:33
Israel Says Cease-Fire Takes Effect in Lebanon
The deal has raised hopes of a period of calm after two months of intense aerial bombardments and ground operations.
Published: 2024-11-27 07:12:26
Europe mostly down in premarket with US in focus
Equities in Europe traded mostly lower in Wednesday's premarket in the continued aftermath of United States President-elect Donald Trump's prospective tariffs on certain foreign imports. Meanwhile, th...
Published: 2024-11-27 07:01:31
Horse trading with Travellers and Romani Gypsies – in pictures
Photographer Sam Wright was warned not to attend a horse fair with his camera. He ignored the prejudice – and found a warm, welcoming community Continue reading...
Published: 2024-11-27 07:23:08
How to save on winter sports holidays
From where you choose to ski to self-catering there are deals to be had and ways of stopping costs snowballing When it comes to skiing and snowboarding, going to Europe will always be cheaper than flying to somewhere such as the US or Canada – but costs vary massively on the continent. Continue…
Published: 2024-11-27 07:12:25
I feel deflated by my £336 Virgin hot air balloon ride vouchers
The weather and time have conspired to turn a 30th birthday gift into a nightmare for one reader At the end of 2022 I was given two Virgin hot air balloon ride vouchers for my 30th birthday that I hoped to enjoy with my partner. We have tried repeatedly to book this experience and each time find…
Published: 2024-11-27 07:12:14
France has the highest cannabis consumption in Europe. It’s high time to tax it | Alexander Hurst
With the nation’s finances in a parlous state, decriminalisation could raise millions of euros – as well as cut crime France might not be broke, but the state of its public finances is, well, definitely not good. Total debt stands at €3.2tn – 112% of GDP. Interest payments on that debt are the…
Published: 2024-11-27 07:12:54
Why data is the hottest commodity in cybersecurity
Raluca Saceanu discusses evolving security threats in the age of sophisticated AI technology. Read more: Why data is the hottest commodity in cybersecurity
Published: 2024-11-27 07:01:29
Greenland Surface Temperatures Fall For 20 Years In Further Blow To Climate-Alarm Narrative
Greenland Surface Temperatures Fall For 20 Years In Further Blow To Climate-Alarm Narrative Authored by Chris Morrison via DailySceptic.org, Further evidence that surface temperatures across Greenland have been cooling for around 20 years has emerged with the recent publication of findings from…
Published: 2024-11-27 07:01:28
Democrats eye a new strategy after Trump victory
The Democratic Party appears to be in limbo following an unexpected electoral sweep by the GOP; Republicans won back the White House with the reelection of Donald Trump, and they will also control the House of Representatives and the U.S. Senate. This Republican trifecta means the Democrats won't…
Published: 2024-11-27 07:12:19
Israeli tech entrepreneurs and engineers from major companies like Google and Microsoft are seeking refuge in Europe
What began as a major exodus spurred by immediate security concerns has evolved into a broader migration pattern, with waves of top Israeli talent seeking refuge and stability in Europe and beyond. Read More
Published: 2024-11-27 07:12:13
Fortune Best European Cities for Digital Nomads 2024
No need to say that Europe has firmly established itself as one of the prime destinations for digital nomads. Here are our top picks for the best locations for digital nomads on the continent. Read More
Published: 2024-11-27 07:12:52
Indian parliament suspended again in row over U.S. accusations against Adani
India's lower house of parliament suspended proceedings for a second day on Wednesday after disruption by lawmakers calling for a discussion of U.S. accusations of bribery and fraud against the ports-to-power Adani Group.
Published: 2024-11-27 07:01:33
Dell, HP post disappointing quarterly sales as global PC market recovery stalls
While signs of a global PC market rebound began to materialise this year, shipments again dipped in the third quarter, according to IDC.
Published: 2024-11-27 07:01:30
Sources: Elon Musk has given investors, who backed his $44B Twitter acquisition, 25% of the shares in xAI, which is set to close a $5B round at a $50B valuation
Published: 2024-11-27 06:50:41
Thanksgiving Dinner Gobbles Up 19% More Cash This Year, Many Holiday Hosts 'Already Regret Their Decision'
Over half of Americans — 56% — say they plan to host guests for Thanksgiving this year. With costs rising 19% from last year, consumers are feeling the pinch. What To Know: The cost of hosting Thanksgiving dinner in 2024 is up 19% from last year with an average of $431 spent on food, drink and…
Published: 2024-11-27 06:50:29
Jaguar's massive rebrand explained: what's all the fuss about?
Jaguar's massive rebrand explained: what's all the fuss about? A new Jag concept car is days away, but the internet is already furious. Why? Jaguar, a 102-year old British car company, is about to reveal a new concept car. Nothing unusual there: car companies make eccentric models to preview their…
Published: 2024-11-27 06:50:25
Hamas allegedly 'ready for ceasefire' with Israel
Hamas is ready for a new ceasefire with Israel after Hezbollah agreed to one, the former group's official told Agence France-Presse (AFP) on Wednesday."We have informed mediators in Egypt, Qatar, and ...
Published: 2024-11-27 06:50:30
China's exports boom as companies race against Trump tariffs
HONG KONG -- China's robust export engine is expected to pump out a new record this year, driven partly by a wave of American clients rushing to hoard Chinese goods under the threat of higher tariffs from U.S. President-elect Donald Trump. Wu Zhiqiang, CEO of Shenzhen Lingke Technology, a lighting…
Published: 2024-11-27 06:39:24
Stock market today: Asian shares are mixed after Wall St records despite tariff talk
Shares are mixed in Asia after U.S. stocks rose to records despite President-elect Donald Trump’s latest talk about tariffs, which caused only ripples on Wall Street
Published: 2024-11-27 06:39:29
How Did MicroStrategy Sell $3 Billion of Zero-Rate Debt? Option Volatility is Key
Published: 2024-11-27 06:39:34
Poland, France join forces against EU-Mercosur trade deal
In today’s edition of the Capitals, find out more about Poland and France joining forces against the EU-Mercosur trade deal, G7 states backing a ceasefire in the Middle East, and so much more.
Published: 2024-11-27 06:39:56
Bulgaria on verge of holding eighth election in just four years
Bulgaria is headed for an eighth general election in just four years as the country continues to grapple with a severe political crisis, with Boyko Borissov (EPP), leader of the largest party GERB, announcing on Tuesday that he did not want to become prime minister and "take care of this broken…
Published: 2024-11-27 06:39:40
Analysis-Black Friday: online marketing costs jump in bidding war with Temu and Shein
By Helen Reid LONDON (Reuters) - Heavy online marketing spending by Temu and Shein is making it more costly for other retailers and brands to reach shoppers on Black Friday, marketing and industry experts say, with both platforms bidding heavily on search keywords used by competitors. Typing a few…
Published: 2024-11-27 06:28:41
Analysis-Investors cling to crash protection despite sizzling US stock market rally
By Saqib Iqbal Ahmed NEW YORK (Reuters) - Demand for options protection against an equity market crash is rising, even as a post-election rally takes U.S. stocks to record highs. Worries over the possibility of a contested election dissipated following President-elect Donald Trump’s victory…
Published: 2024-11-27 06:28:25
You're buying fat new servers to save energy and make room for AI hardware, claims Dell
But PCs and Nvidia are weak points, because you’re not buying one and can't buy the other Dell believes its customers are consolidating server fleets to save energy and free up rack space for AI hardware – and has a giant jump in revenue to to prove it.…
Published: 2024-11-27 06:39:37
Brazilian lawmaker proposes national bitcoin reserve to hedge economic risks
A Brazilian lawmaker has introduced a bill seeking to establish a bitcoin reserve to diversify the nation’s financial assets.
Published: 2024-11-27 06:39:41
Tesla Sweetens Referral Program, Allowing Customers To Earn Up To $10,000 As Elon Musk's EV Giant Races To 500K Q4 Delivery Target
Tesla Inc. (NASDAQ:TSLA) on Tuesday revamped its referral program across North America, as it looks to race to its delivery target of 515,000 vehicles in the fourth quarter. What Happened: Tesla's updated referral program includes enhanced discounts and rewards, with specific incentives for the…
Published: 2024-11-27 06:39:32
European Commission approves Portugal’s 2025-2028 budget plan
The European Commission announced on Tuesday that Portugal's medium-term budgetary plan, which sets targets for public spending between 2025 and 2028, aligns with the EU's new fiscal rules and allows for a "sound budgetary situation" over the period. "In terms of the average growth in net…
Published: 2024-11-27 06:28:53
WalletConnect launches first airdrop season with 50 million tokens allocated to community members
WalletConnect rolled out the eligibility checker for the first season of its airdrop, allowing users to stake tokens for governance.
Published: 2024-11-27 06:28:26
'Europe's Detroit' built a thriving car industry. Trump tariffs now threaten to unravel its success
A small landlocked country in the heart of Europe appears to be uniquely exposed to President-elect Donald Trump's "America First" economic agenda. Nicknamed the "Detroit of Europe" due to its thriving automotive industry, Slovakia produces more cars per capita than any other country in the…
Published: 2024-11-27 06:28:45
France's far-right propped up the weak government. But could now bring it crashing down
France's government is hanging by a thread with the far-right National Rally party threatening to bring down Prime Minister Michel Barnier's administration by the end of the year. National Rally's figurehead Marine Le Pen suggested Monday that talks with Barnier, aimed at extracting concessions on…
Published: 2024-11-27 06:28:47
This personal finance educator says budgeting is ‘toxic’ — try ‘intuitive’ spending instead
If you're trying to stay on top of your spending, you might have logged your finances in a spreadsheet, tracked every dollar, and created a strict spending plan, but one expert says budgeting like this can be "toxic." Dana Miranda, a certified personal finance educator, is the author of "You Don't…
Published: 2024-11-27 06:28:36
Asia-Pacific trades mixed after Australian CPI data
Asia-Pacific markets were mixed in Monday's afternoon trading as investors digested the latest inflation data from Australia for October. The consumer price index showed a monthly increase of 2.1% com...
Published: 2024-11-27 06:28:36
Asia-Pacific mostly higher after Australian CPI data
Asia-Pacific markets were mostly higher in Monday's afternoon trading as investors digested the latest inflation data from Australia for October. The consumer price index showed a monthly increase of ...
Published: 2024-11-27 06:39:38
Monetary Policy in Response to Tariff Shocks
Yves here. This post discusses the widespread assumption that if Trump moves forward with his plan to impose across-the-board tariffs on America’s three biggest trade partners, that will be inflationary and the Fed will be forced to respond via increasing interest rates. This article contends that…
Published: 2024-11-27 06:28:19
European Commission approves Spain’s new fiscal plan
The European Commission on Tuesday approved the fiscal plan submitted by Spain in mid-October to clean up the country's public accounts over the next seven years and comply with the deficit and debt limits set by EU rules. Spanish public broadcaster RTVE reported that the Brussels executive said…
Published: 2024-11-27 06:28:35
What Black Friday’s history tells us about holiday shopping in 2024
What Black Friday’s history tells us about holiday shopping in 2024 What Black Friday’s history tells us about holiday shopping in 2024 NEW YORK (AP) — The holiday shopping season is about to reach full speed with Black Friday, which kicks off the post-Thanksgiving retail rush later this week. The…
Published: 2024-11-27 06:18:01
Disney agrees to $43 million settlement in gender pay lawsuit
The Walt Disney Co. agreed to a $43.25 million settlement in a gender pay discrimination class action lawsuit, according to a court filing Monday. The agreement settles allegations initially made in a 2019 lawsuit filed by Disney employee LaRonda Rasmussen, who claimed she was getting paid less…
Published: 2024-11-27 06:17:52
Bitcoin Correction Could Go As Deep As $88,700 But $125,000 Year-End Target Remains In Play, Says Standard Chartered
Bitcoin‘s BTC/USD sharp pullback from its record high just under $100,000 has sparked concern among traders, with Standard Chartered‘s Geoffrey Kendrick attributing the correction to several factors, including a reduction in U.S. Treasury term premium and upcoming options expirations. What…
Published: 2024-11-27 06:17:50
Exclusive-China's Hesai to halve lidar prices next year, sees wide adoption in electric cars
Published: 2024-11-27 06:17:47
G7 states back Middle East ceasefire, omit debate on ICC arrest warrants
G7 foreign ministers unanimously backed an immediate ceasefire between Israel and the Lebanese militant group Hezbollah in Italy on Tuesday but failed to discuss an agenda item on ICC arrest warrants recently issued against Israeli and Hamas leaders. The G7 foreign ministers' meeting, hosted by…
Published: 2024-11-27 06:17:57
Back to 2008? UK proposes looser rules around banker bonuses
Bankers should be able to receive bonuses faster, say regulators - moving away from post-crisis caution. The UK is considering rolling back restrictions on banker bonuses in an attempt to boost international competitiveness and growth. Most senior bankers should only have to wait five years to…
Published: 2024-11-27 06:17:42
Black Friday: online marketing costs jump in bidding war with Temu and Shein
Heavy online marketing spending by Temu and Shein is making it more costly for other retailers and brands to reach shoppers on Black Friday, marketing and industry experts say, with both platforms bidding heavily on search keywords used by competitors.
Published: 2024-11-27 06:17:45
Russia condemns ‘irresponsible’ talk of nuclear weapons for Ukraine
The New York Times reported last week that some unidentified Western officials had suggested US President Joe Biden could give Ukraine nuclear weapons before he leaves office.
Published: 2024-11-27 06:18:10
German family winery taps into zero-alcohol trend
Alcohol-free drinks are becoming ever more popular, especially with health-conscious younger people — a trend cheered by a small German winery based in a Rhine Valley castle. While demand for zero-alcohol beer has risen strongly, the family business is betting on similar growth in the wine sector,…
Published: 2024-11-27 07:55:53
Lebanese army preparing to deploy to south as ceasefire begins
The Lebanese army said on Wednesday that it is preparing to redeploy forces to the south of the country after the start of a ceasefire between Israel and Hezbollah.However, the army asked the resident...
Published: 2024-11-27 06:17:51
Habeck admits coalition failure in key German industries lagging
Germany's key industries are falling behind, and the coalition government is partly to blame, Vice Chancellor and Economics Minister Robert Habeck admitted at his ministry's industry conference in Berlin on Tuesday. The conference featured keynote speeches and discussions by Habeck, the president…
Published: 2024-11-27 06:18:20
Euro's bruising leaves global investors on edge
As the euro heads for its worst month since early 2022, analysts warn that a wild ride in the currency could be the next source of global market volatility after gyrations in Japan's yen sparked a bout of cross-asset turmoil in August.
Published: 2024-11-27 06:17:51
Trump’s victory could make life harder for Hong Kong—and that may be good news for Singapore’s banks
Mere minutes after the Associated Press declared the U.S. presidential election for Donald Trump, Singapore’s prime minister, Lawrence Wong, took to the social media platform X to offer his congratulations. “I look forward to taking our partnership to even greater heights,” Wong’s official account…
Published: 2024-11-27 06:07:06
Foreign tech startups compete to help Vietnam go green
HO CHI MINH CITY -- What can be done about Vietnam's environmental challenges? Roughly 500 startups representing 55 countries have some ideas. The second-annual Net Zero Challenge, a contest put on by Temasek Foundation and partners, announced last Friday three winners that pitched proposals for…
Published: 2024-11-27 06:07:00
OpenAI allows employees to sell $1.5 billion stock to SoftBank, CNBC reports
ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, CNBC reported on Wednesday, citing two people familiar with the matter. The report comes after Microsoft-backed OpenAI completed a $6.6 billion funding round…
Published: 2024-11-27 06:06:52
Iran praises Israel-Hezbollah truce, calls for Gaza peace
Iranian Foreign Ministry Spokesman Esmail Baghaei in a statement on Wednesday welcomed the ceasefire between Israel and the Lebanon-based Hezbollah, which took effect overnight. Baghaei praised the t...
Published: 2024-11-27 06:17:34
Why are new nuclear projects still too costly in Europe?
Building new nuclear reactors in Europe remains economically challenging due to high construction costs, significant financial risks, and the need for strong government support, despite their crucial role in decarbonisation and energy security, according to S&P Global Ratings. Nuclear energy is…
Published: 2024-11-27 06:07:01
Investors cling to crash protection despite sizzling US stock market rally
Demand for options protection against an equity market crash is rising, even as a post-election rally takes U.S. stocks to record highs.
Published: 2024-11-27 06:17:53
An AI granny is helping waste scammers time
Do not try to help Daisy set up her printer—she is engineered to frustrate you. Daisy is a new British AI granny released earlier this month by UK-based phone company Virgin Media O2, and her job is to waste phone scammers’ time. In one instance, she kept them on the line for 40 minutes. How she…
Published: 2024-11-27 06:06:35
China's Hesai to halve lidar prices next year, sees wide adoption in electric cars
China's Hesai Group , the world's largest maker of lidar sensors for autonomous driving, said it plans to slash the price of its key product by half next year which should lead to far wider adoption of the technology in electric cars.
Published: 2024-11-27 06:17:44
Paradise lost? How cruise companies are ‘eating up’ the Bahamas
Another vast tourist resort project promising jobs and prosperity. But critics say such developments imperil the pristine environments they advertise Read more in this series Joseph Darville has fond memories of swimming with his young son off the south coast of Grand Bahama island, and watching…
Published: 2024-11-27 06:39:52
Our Communities Cannot Sieve Their Way Out of Plastic Pellet Pollution [Promoted content]
Coastal communities across Europe face increasing devastation from plastic pellets, a major source of microplastic pollution. Strong, EU-wide regulation is urgently needed to prevent pellet loss along the supply chain and protect ecosystems, livelihoods, and public health.
Published: 2024-11-27 06:07:07
‘Undemocratic’ snap elections have Germany’s small EU delegations fear for their future
A double whammy of stricter electoral conditions at the German and European elections could deprive parties like the ÖDP and Volt Germany of parliamentary representation in Brussels and Berlin from 2029.
Published: 2024-11-27 06:17:39
Ferrari’s $4 Million Car Will Supercharge the Stock. The Auto Maker Is Leading the Luxury Pack
Published: 2024-11-27 06:06:56
Eyewa now has 150 stores selling eyeglasses in the Mideast, and just raised $100M to add 100 more
Helping consumers find the perfect glasses is a booming global business, spawning giants like Warby Parker in the U.S. and Lenskart in India. In the Middle East, this market is producing its own rising powerhouse: Eyewa. Eyewa, based in Dubai and Riyadh, sells a wide range of eyewear products,…
Published: 2024-11-27 06:07:00
The Consequences of Limiting the Tax Deductibility of R&D
We study the tax payment and innovation consequences of limiting the tax deductibility of research and development (“R&D”) expenditures. Beginning in 2022, U.S. companies are required to capitalize and amortize R&D rather than immediately deduct these expenditures. We utilize variation in U.S.…
Published: 2024-11-27 06:17:56
‘I’m not the one who wanted them’: Gentiloni criticises new EU fiscal rules
Germany's Habeck said the framework presents a “security risk” by limiting member states’ ability to fund defence programmes
Published: 2024-11-27 06:06:55
Huawei's HarmonyOS NEXT in Mate 70 series of smartphones is the company's first fully self-developed OS that reportedly no longer uses open-source Android code
Huawei on Tuesday launched the Mate 70 series of smartphones that can run on the company's latest self-developed operating system, as the Chinese giant continues its push toward technological independence in the wake of U.S. sanctions. The Mate 70 is the successor of the Mate 60, which was…
Published: 2024-11-27 05:55:55
Ai2 releases new language models competitive with Meta’s Llama
There’s a new AI model family on the block, and it’s one of the few that can be reproduced from scratch. On Tuesday, Ai2, the nonprofit AI research organization founded by the late Paul Allen, released OLMo 2, the second family of models in its OLMo series. (OLMo’s short for “Open Language…
Published: 2024-11-27 06:06:54
Thanksgiving Holiday Schedule
We will be on a lighter publication schedule through next Monday, December 2. We may be a post light today, Wednesday, depending on news flow, and will have only three posts ex Water Cooler on Thursday and Friday. I hope Lambert will take Thursday off and am not sure what he plans for Friday. I…
Published: 2024-11-27 05:55:56
Baltics Sea region PMs meet to discuss regional security ahead of Trump’s return
The summit comes at a pivotal time for Europe, which is facing major strategic uncertainties, particularly over support for Ukraine.
Published: 2024-11-27 05:56:07
China's defense minister investigated for corruption
China's Defense Minister Admiral Dong Jun (pictured) is under investigation for alleged corruption making him the third consecutive defense minister in the People’s Liberation Army (PLA) to ...
Published: 2024-11-27 05:55:39
Australian father of teen sextortion victim backs banning young children from social media
Wayne Holdsworth became an advocate for banning Australian children younger than 16 from social media because his son took his own life after falling victim to an online sextortion scam.
Published: 2024-11-27 06:17:34
Romanian Liberals back centrist presidential candidate after hard-right surge
The new Liberal head Ilie Bolojan said the party would support centre-right contender Elena Lasconi, leader of the opposition Save Romania Union (USR).
Published: 2024-11-27 05:55:40
Ukraine had to recall 100,000 artillery shells amid complaints they'd get stuck in launchers and weren't exploding
Ukraine is recalling 100,000 mortar shells after reports that they were arriving at the front line poorly manufactured and with wet gunpowder. Wojciech Grzedzinski/Anadolu via Getty Images Ukraine is recalling a batch of 120mm mortar shells that soldiers said are defective. Ukrainian media…
Published: 2024-11-27 05:55:56
Morning Bid: Trump tariff threats reverberate in Asia
A look at the day ahead in European and global markets from Kevin Buckland
Published: 2024-11-27 05:45:01
Sources: OpenAI is letting staff sell ~$1.5B worth of shares in a new tender offer to SoftBank in a deal spurred by Masayoshi Son and is set to close this week
OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned. The new financing will allow the Japanese tech conglomerate to get an even larger slice of the AI startup, and it will allow current and former OpenAI employees to cash…
Published: 2024-11-27 05:33:56
Freddie Mac, Fannie Mae backing bigger home loans in 2025
The Federal Housing Finance Agency (FHFA) announced Tuesday it is raising the loan amount limits for mortgages purchased by Freddie Mac and Fannie Mae by 5.2% in 2025, as home prices continue to soar in the U.S. The new conforming loan limit (CLL) value for a one-unit home will be $806,500 next…
Published: 2024-11-27 05:33:54
Telco engineer who spied on US employer for Beijing gets four years in the clink
Telco engineer who spied on US employer for Beijing gets four years in the clink Provides insight to how China gets inside US systems, perhaps at Verizon and Infosys A 59 year-old Florida telco engineer was sentenced to 48 months in prison after he served as a spy for China and provided Beijing…
Published: 2024-11-27 05:33:54
How Warren Buffett Will Give Away $150 Billion. Will His Kids Be Able to Finish the Job?
Published: 2024-11-27 05:33:38
OpenAI allows employees to sell $1.5 bln stock to SoftBank, CNBC reports
Microsoft-backed OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group , CNBC reported on Wednesday.
Published: 2024-11-27 05:33:50
Q3 2025 Earnings Call Transcript
Image source: The Motley Fool. Workday (NASDAQ: WDAY) Q3 2025 Earnings Call Nov 26, 2024, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Hello. Welcome to Workday's fiscal 2025 third quarter earnings call. At this time, all participants…
Published: 2024-11-27 05:23:14
Q3 2024 Earnings Call Transcript
Image source: The Motley Fool. Nordstrom (NYSE: JWN) Q3 2024 Earnings Call Nov 26, 2024, 4:45 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Greetings, and welcome to the Nordstrom third quarter 2024 earnings conference call. At this time, all…
Published: 2024-11-27 05:23:03
Poland, Ukraine edge closer towards exhumations in WWII row
The decades-long spat over the Volyn massacre in modern-day Ukraine has led to frequent diplomatic tensions between neighbours and allies.
Published: 2024-11-27 05:22:39
Most Hong Kong SMEs are converts to e-commerce, boding well for city’s transformation
Most Hong Kong SMEs are converts to e-commerce, boding well for city’s transformation The World Bank estimates that global business to consumer e-commerce sales will reach US$6 trillion by 2024 Internet-based sales tools can boost revenue by 14.6 per cent over the next two years, particularly as…
Published: 2024-11-27 05:22:37
Australia says Israel-Hezbollah ceasefire 'critical step'
Australian Foreign Minister Penny Wong deemed the US-brokered ceasefire between Israel and Hezbollah to be a "critical step for alleviating immense human suffering and ensuring displaced communit...
Published: 2024-11-27 05:23:06
Philippines' Marcos-Duterte conflict worsens: 5 things to know
MANILA -- The spat between the Philippines' top political families, the Marcoses and Dutertes, has turned bitter as the political infighting devolved into an assassination threat. Vice President Sara Duterte said Saturday that she has ordered a hit against the Marcoses that is to be carried out if…
Published: 2024-11-27 05:12:11
Bluesky says it is up to outside orgs to respect user consent, after a Hugging Face employee published a dataset of 1M posts from Bluesky's API for ML research
A machine learning librarian at Hugging Face just released a dataset composed of one million Bluesky posts, complete with when they were posted and who posted them, intended for machine learning research. Daniel van Strien posted about the dataset on Bluesky on Tuesday: “This dataset contains 1…
Published: 2024-11-27 05:12:07
Ceasefire to begin in Israel-Hezbollah war
The US, the EU, the UN and G7 had all pushed for a halt in the fighting between Israel and Iran-backed Hezbollah after more than a year of violence.
Published: 2024-11-27 05:12:23
'Suits' actor Patrick J. Adams said his mom helped him confirm that it was time to quit and focus on family
Patrick J. Adams left "Suits" after season 7. Ian Watson/USA Network/NBCU Photo Bank via Getty Images Patrick J. Adams left "Suits" after realizing he only stayed for the money. He added that he wanted to focus on his marriage to Troian Bellisario. The legal drama experienced a resurgence in…
Published: 2024-11-27 05:12:03
Biden proposes expansion of obesity drug coverage
Like high school seniors in the spring, the Biden administration wants to make the most of its last few months in power. The government announced a proposal yesterday to cover popular weight loss drugs under Medicare and Medicaid, which would expand their use to over 7 million more people while…
Published: 2024-11-27 05:11:38
Trump Cannot Restrict Birthright Citizenship by Presidential Edict
For 126 years, U.S. courts have recognized children born in this country as American citizens. President-elect Donald Trump plans to overturn that understanding by issuing an executive order on his first day in office. That order, Trump claims, will "end automatic citizenship for children of…
Published: 2024-11-27 05:11:43
'Wordle' Today #1,257 Answer, Hints, Clues for Wednesday, November 27 Game
If today's brainteaser has left you lost for words, Newsweek has provided some tips to help you over the finish line.
Published: 2024-11-27 05:11:38
NYT 'Connections' November 27: Hints and Answers for Game #535
Maintaining a Connections win streak is quite a trying task, so if you are in need of a helping hand, then Newsweek has your back. The brainteaser was launched by The New York Times in June 2023 and has gone on to become the newspaper's second-most played game behind Wordle, another word-based…
Published: 2024-11-27 05:11:48
Stock futures are little changed as Wall Street awaits Fed's preferred inflation reading: Live updates
U.S. stock futures were little changed on Tuesday night as traders await the release of the Federal Reserve's favorite inflation gauge. Futures tied to the Dow Jones Industrial Average added 24 points, or 0.05%. Meanwhile, S&P 500 futures flickered near the flatline, while Nasdaq-100 futures fell…
Published: 2024-11-27 05:00:58
Walmart’s DEI rollback signals a profound shift in the wake of Trump’s election victory
Walmart’s DEI rollback signals a profound shift in the wake of Trump’s election victory Walmart’s DEI rollback signals a profound shift in the wake of Trump’s election victory NEW YORK (AP) — Walmart’s sweeping rollback of its diversity policies is the strongest indication yet of a profound shift…
Published: 2024-11-27 05:00:57
A look at the evolution of China's semiconductor industry and Huawei under US export controls, as GPUs become the new focal point of US-China tech competition
1 Kotaro Hosokawa, “China’s Chip Capabilities Just 3 Years Behind TSMC, Teardown Shows,” Nikkei Asia, August 31, 2024. 2 “Proposal on Respecting and Protecting Trade Secrets,” China Semiconductor industry Association, May 17, 2024. 3 Stu Woo, “China Is Getting Secretive About Its Supercomputers,”…
Published: 2024-11-27 05:00:51
UK sales of seasonal pet treats, toys and food rocketing
Sales of Christmas pet lines up 964% year-on-year at Waitrose online as people spend more on pet care Unlike buying a present for a fussy father-in-law or an awkward aunt, a dog won’t complain if their treats aren’t the latest, and a cat is not likely to turn its nose up at a Christmas tree-shaped…
Published: 2024-11-27 06:39:51
Will Labour’s 2030 green energy goal cost more than 2035? They should come clean | Nils Pratley
Ed Miliband argues the UK should race towards becoming a ‘clean energy superpower’, but costs to the consumer shouldn’t be ignored The government’s plan to decarbonise the UK’s electricity system by 2030 is a vast undertaking. Energy companies will throw £40bn-plus annually at the effort, backed…
Published: 2024-11-27 05:11:47
China’s market targets are ‘just psychological’, says former regulator
Frank remarks by onetime securities commission chief give rare insight into Beijing financial policymaking
Published: 2024-11-27 05:11:59
Neuberger Berman to close ETF that failed to shine since conversion
The $6mn Global Real Estate ETF changed from a mutual fund in 2023
Published: 2024-11-27 05:12:04
Elon Musk’s Twitter backers gain windfall from xAI deal
Investors hit by losses following billionaire’s takeover of social media platform reap rewards from shares in his AI start-up
Published: 2024-11-27 05:23:03
Infosys chair bets companies will develop their own AI models
Nandan Nilekani says small language models trained on specific data are ‘quite effective’
Published: 2024-11-27 05:23:23
Waste less, earn more: a new market for food byproducts
Companies should take advantage of opportunities created by improved technology and changing tastes
Published: 2024-11-27 05:23:38
‘Adios Adani!’ Bribery charges threaten group’s Africa ambitions
Kenya’s reversal of support for airport project underlines global ramifications of US indictment
Published: 2024-11-27 05:23:22
EU Parliament’s most burning vote of the year
In this episode, host Giada Santana and politics reporters Nicoletta Ionta and Magnus Lund Nielsen talk numbers, alliances and behind-the-scenes buzz from the European Parliament's corridors.
Published: 2024-11-27 05:12:07
Overruling science is a cause for concern for both wolves and EU decision-making
Could a fear of predators, an innate need for human control and a demand to do as one wishes be behind the wolf's reduced protection?
Published: 2024-11-27 05:12:01
J.P. Morgan Private Bank report reveals how wealthy families can adapt in a complex world
New Global Family Office Report highlights governance, succession planning, investment management and cybersecurity as key areas of concern.
Published: 2024-11-27 05:00:43
Plenty of deliverables await Commission when it finally takes office on 1 December
Trump, trade, defence, and the need to boost European competitiveness are among the first priorities for the new Commission. Von der Leyen has promised a Clean Industrial Deal in the first 100 days.
Published: 2024-11-27 05:11:49
Aston Martin crisis deepens as China sales slow
Aston Martin looks to raise cash as China sales slow Aston Martin has announced it is looking to raise cash after it lowered its profit forecast for the second time in two months. The UK luxury carmaker is now expecting to turn a profit of up to £280m ($352m) in 2024 - below last year's…
Published: 2024-11-27 05:22:41
Walmart May Win Black Friday With These Home, Kitchen, and Fashion Deals Up to 75% Off
Published: 2024-11-27 04:50:06
The future of customer service is here, and it's making customers miserable
I've been fighting with my health insurance company a lot lately. The mundane billing disputes are exactly the type of situation that, theoretically, AI should make easier. That, however, is not what's going on. The first point of contact is the AI-powered online virtual assistant, which asks what…
Published: 2024-11-27 04:50:02
Russian air defenses destroy 10 drones over Rostov
Ten unmanned aerial vehicles (UAVs) were shot down by Russian air defenses during the night over the Rodionovo-Nesvetaisky District of Rostov, according to Acting Governor Yuri Slyusar. Slyusar also ...
Published: 2024-11-27 04:49:47
19 Best Walmart Early Black Friday Deals
Walmart’s early Black Friday deals have arrived, and we’ve found a handful of deals that rival last year’s Black Friday prices. If any of these products are on your shopping list, now is a good time to buy, especially if you can pair them with a Walmart coupon. This is just the start of our…
Published: 2024-11-27 04:38:41
Marc Andreessen is hopping on the Musk bandwagon and slamming manned fighter jets, saying there won't be 'spam in the can' if pilots aren't in the plane
"You don't have to keep a human being alive, which means you can be a lot faster and you can move a lot more quickly," Marc Andreessen told Joe Rogan on the latter's podcast. Steve Jennings/Getty Images for TechCrunch; Jabin Botsford/The Washington Post via Getty Images Marc Andreessen says that…
Published: 2024-11-27 04:38:42
Trump chooses John Phelan to lead US Navy
United States President-elect Donald Trump announced John Phelan as his choice for the next US Navy secretary, praising Phelan as a "tremendous force" for Naval service members and a "s...
Published: 2024-11-27 04:38:59
Guy Fieri says that when his youngest son comes home from college, he 'sets a menu' for what he wants to eat
Guy Fieri says his youngest son, Ryder, gets to decide what the family eats whenever he's back from college. Tim Nwachukwu/Getty Images Guy Fieri's youngest son, Ryder, gets to choose what the family eats whenever he's back from college. That's because food "just doesn't taste the same as it does…
Published: 2024-11-27 04:38:40
Cloudflare broke its logging-a-service service, causing customer data loss
Cloudflare broke its logging-a-service service, causing customer data loss Software snafu took five minutes to roll back. The mess it made took hours to clean up Cloudflare has admitted that it broke its own logging-as-a-service service with a bad software update, and that customer data was lost…
Published: 2024-11-27 04:38:39
China's BYD sets negotiable price reduction targets for suppliers
Chinese automaker BYD has set negotiable price reduction targets for suppliers of large-scale purchases, a BYD executive's post on social media platform Weibo shows.
Published: 2024-11-27 04:39:01
An investigation suggests the third suspect behind the hacks of Snowflake clients may be a US Army soldier who is or was recently stationed in South Korea
Two men have been arrested for allegedly stealing data from and extorting dozens of companies that used the cloud data storage company Snowflake, but a third suspect — a prolific hacker known as Kiberphant0m — remains at large and continues to publicly extort victims. However, this person’s…
Published: 2024-11-27 04:28:30
A Black Connecticut Couple Allegedly Stole a Stupid Amount of Lululemon Clothes During a Cross-Country Heist
We guess this is one way to do your holiday shopping..Police arrested a Minnesota couple in Minnesota who allegedly steal items from Lululemon, the high-end women’s athletic clothing store, and make fraudulent returns. Jadion Richards, 44, and Akwele Lawes-Richards, 45 were both charged with one…
Published: 2024-11-27 04:28:10
Wherobots, which offers a cloud-based platform to process and analyze geospatial data from satellites and other sources, raised a $21.5M Series A led by Felicis
As a kid in Cairo, Mo Sarwat first grasped the dangers of not understanding the natural world. It was 1992, and the city and much of northeastern Egypt were devastated by an earthquake. If you, like me, live in California, you’re used to the occasional shake, where you watch your glass of water…
Published: 2024-11-27 04:28:00
The Crypto Industry Is Helping Donald Trump Pick SEC Chair
President-elect Donald Trump is expected to select a new chair of the US Securities and Exchange Commission (SEC) in the coming days. His team is asking the crypto industry to weigh in on potential picks, according to sources who claim to be close to proceedings. Trump’s shortlist is filled with…
Published: 2024-11-27 04:28:00
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