DIRS.INFO The most relevant business & tech news

☆ ‘China’s Cape Canaveral’ is booming, fueled by moon mission and space program
▼ + stars: | 2024-05-04 | by ( Lilit Marcus | Marc Stewart | ) edition.cnn.com time to read: +3 min

The city of Wenchang is home to a rocket launch center – and a tourist industry that caters to a growing interest in space-related tourism. China has made no secret of its desire to develop tourism here, drawing inspiration from Florida’s Cape Canaveral – the launchpad for many famous NASA space missions. From celestial scenes in the corridors to a rocket on the breakfast buffet, the sprawling property is inspired by the nearby Wenchang Launch Center. The growth of China’s space program has fueled more interest in all things aeronautic. “Although it’s my 24th time, maybe, to see the rocket launch, I’m still excited about this,” he told CNN.

Persons: Hilton, Justin Robertson, That’s, Yan Zehua, I’m, ”, Liu Guoxing Organizations: CNN, NASA, Hilton, Getty Locations: Hainan, Hanoi, Beijing, Hawaii, China, Wenchang, Florida’s Cape Canaveral, Hainan’s, United States, Canada, France, New Zealand, Malaysia, Japan

☆ A Ukrainian war reporter's story: Why I refused to make a 'deal with the devil'
▼ + stars: | 2024-05-04 | by ( Cameron Manley | ) www.businessinsider.com time to read: +7 min

He was a student at Mariupol State University in 2014 when war broke out in the Donbas, and Russia annexed the Crimean peninsula. "I refused to make a deal with the devil. Ponomarenko said he believes the war has "shown what ordinary people are capable of" and has helped reveal "their true selves," pointing to Ukrainian President Volodymyr Zelenskyy as evidence. AdvertisementCapturing it would put Russian forces within striking distance of Ukrainian operational and supply centers in the area. "Bucha was the greatest moment for me because it shows that life prevails," Ponomarenko said.

Persons: —, Ponomarenko, Viktor Yanukovych, Libkos, Rushing Organizations: Service, Mariupol State University, Business, Kyiv, Kyiv Independent Locations: Volnovakha, Ukraine's, Donetsk, Russia, Kyiv, Dnipro, Avdiivka, Ukraine

☆ Developing Taiwan’s own ‘Starlink’ crucial for island-wide emergency, space agency says
▼ + stars: | 2024-05-04 | by ( Eric Cheung | ) edition.cnn.com time to read: +9 min

“The communication satellite is very important for our communication resilience during urgent periods,” Wu said, calling it his agency’s most sensitive project. Taiwanese authorities previously announced the space agency would develop two communication satellites, the first of which could be launched by 2026. Wu Jong-shinn, director general of the Taiwan Space Agency, speaks to CNN on March 5, 2024 in Hsinchu, Taiwan. In the future, Taiwan’s satellite system could replace third-party deals, but Wu, the space agency director, declined to provide more specific details about the project’s timeline. A rocket model in development at the Taiwan Space Agency on March 5, 2024 in Hsinchu, Taiwan.

Persons: Taiwan CNN —, Wu Jong, shinn, Elon, Wu, ” Wu, ” Starlink, Heidi Levine, John Mees, CNN Brad Tucker, you’re, ”, Su, yun, OneWeb, Sam Yeh, Lai Ching, Tsai Ing, Taiwan’s, “, CNN’s Will Ripley Organizations: Taiwan CNN, Taiwan Space Agency, CNN, Musk’s SpaceX, SpaceX, Ukrainian, The Washington Post, Communist Party, Institute for National Defense and Security Research, Australian National University, Taiwan’s Institute for National Defense and Security Research, Getty, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Triton Locations: Hsinchu, Taiwan, China, Gaza, Beijing, London, Xiamen, Taiwan's, AFP, Guiana, South America

☆ Torino Superga disaster: How an air crash instantly wiped out one of soccer’s great teams
▼ + stars: | 2024-05-04 | by ( Matias Grez | ) edition.cnn.com time to read: +9 min

A local boy born in the northern Italian city of Turin and the captain of Torino’s youth team, Motto seemed destined to represent his boyhood club. Umberto Motto as a youth team player for Torino. Other Italian teams loaned – and even gave – players to Torino, Pennino says. The federation accepted a proposal from Torino that it would play its youth team, the champions of Italy at the time, against the youth teams of its four remaining opponents. Torino’s youth players beat Genoa 4-0 in an atmosphere Motto has never forgotten.

Persons: Umberto Motto, ’, hadn’t, Umberto, Mario Lanati, “ Umberto, ” Lanati, Torino’s, Roberto Pennino, Torino, Pennino, “, –, ” Giulio Andreotti, Feruccio Novo, ” Pennino, Roberto Pennino ‘, Lanati, Novo, ”, Forza, It’s Organizations: CNN, Torino FC, Stadio, Torino, Italian, Benfica, Aeritalia, ‘ Grande Torino, didn’t, –, Roberto Pennino ‘ Forza, Novo, Genoa –, ”, Genoa, Palermo, Sampdoria, Fiorentina, Monumental Locations: Italian, Turin, Lisbon, Portugal, ’, Torino, Italy

☆ Ukraine highlights Russia's 'line of hell.' Claim of dozens of tanks and military vehicles destroyed on one sector of the Donetsk front.
▼ + stars: | 2024-05-04 | by ( Cameron Manley | ) www.businessinsider.com time to read: +3 min

Ukraine's armed forces released a video claiming to show 42 destroyed Russian military vehicles. Fighting has intensified in the Donetsk region in recent months as Russia pushes further past Avdiivka. AdvertisementUkraine's armed forces claim to have destroyed 42 Russian tanks and military vehicles in the eastern region of Donetsk. Dozens of Russian tanks and combat vehicles were destroyed on a small section of the front in the Donetsk region." Dozens of russian tanks and combat vehicles were destroyed on a small section of the front in the Donetsk region.

Persons: —, ince, cale Organizations: Ukrainian Defense Ministry, Service, Ukraine's 58th Motorized Brigade, ust Locations: Donetsk, Russia

☆ After dropping off my kids, I stay in the car alone for 5 minutes. It helps me reset from 'mom mode' so I can move on to the next task.
▼ + stars: | 2024-05-04 | by ( Jamie Davis Smith | ) www.businessinsider.com time to read: +4 min

When my kids were babies, if they fell asleep in the car I wouldn't try to transfer them. Now that they are all older, I still sit for five minutes alone in the car. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Even years into motherhood, I was inexperienced in the joys and frustrations of having a child fall asleep in the car. AdvertisementYet, even now, I linger in the car for a few moments, longer than I should.

Persons: —, texted Organizations: Service Locations: walkable, Washington

☆ Israel and Hamas Face Growing Pressure for a Cease-Fire Deal
▼ + stars: | 2024-05-04 | by ( Aaron Boxerman | ) www.nytimes.com time to read: +4 min

Husam Badran, a senior Hamas official, said in a text message that the group’s representatives were arriving in Cairo “with great positivity” toward the proposed deal. “If there is no agreement, it will be because of Netanyahu alone,” he said, referring to Benjamin Netanyahu, the Israeli prime minister. Mr. Sinwar is one of the presumed architects of Hamas’s Oct. 7 attack on Israel, which left 1,200 dead and roughly 250 taken hostage, according to Israeli officials. In Israel, Mr. Netanyahu faces substantial opposition within his own governing coalition to the proposed framework. Agreeing to the deal would be “humiliating surrender,” Bezalel Smotrich, the country’s finance minister, wrote on Facebook late last month.

Persons: Haitham Imad, United States —, Antony J, Blinken, ”, ” Mr, William J, Burns, Husam, Netanyahu, Benjamin Netanyahu, Yahya Sinwar, Sinwar, ” Bezalel Smotrich, Biden, “ Organizations: United, McCain Institute, Central Intelligence Agency, Qatari, Hamas, Hamas’s, Facebook, Biden Locations: Rafah, Gaza, Shutterstock, Cairo, Palestinian, Israel, Qatar, Egypt, United States, Arizona, Cairo “, Washington

☆ It's likely only a matter of time until Russia captures a key town in Ukraine, intel chief says
▼ + stars: | 2024-05-03 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

Ukraine is likely to lose the key eastern town of Chasiv Yar to Russia, a top intelligence official said. AdvertisementUkraine likely faces the approaching loss of a key eastern town to Russia, one of the country's top intelligence officials said. Much of the town in question, Chasiv Yar, is little more than rubble after more than a year of bombardment. BAKHMUT, UKRAINE - SEPTEMBER 27: An aerial view of the city of Bakhmut totally destroyed from heavy battles on September 27, 2023 in Bakhmut, Ukraine. AdvertisementWhile Chasiv Yar holds, Russia has carved a salient about 25 miles to the southwest in the village of Ocheretyne.

Persons: Chasiv Yar, Chasiv, —, Vadym Skibitsky, Bakhmut, Serhiy Hrabsky, Vladimir Putin's, Skibitsky, Avdiivka, Putin Organizations: Service, Ukraine Patrol Police, AP, Russia, New York Times, Russian, Ukrainian, Libkos, Pentagon, Economist Locations: Ukraine, Chasiv, Russia, Donetsk, Chasiv Yar, Bakhmut, Luhansk, BAKHMUT, UKRAINE, Ocheretyne, Russian, Beijing

☆ Evacuations ordered, homes damaged in Texas as rivers surge to Hurricane Harvey levels. And more rain is on the way
▼ + stars: | 2024-05-03 | by ( Mary Gilbert | Joe Sutton | ) edition.cnn.com time to read: +9 min

A total of 1,000 homes are in a mandatory evacuation zone in the county, Polk County Judge Sydney Murphy told CNN. “Due to continuous rainfall across East Texas and rising levels in creeks and rivers, flood levels may increase. Please remain aware of changing flood levels along the Trinity River and ALL low-lying levels. Greg Abbott expanded the storm-related declarations in response to the flooding, according to a news release. The repeated bouts of heavy rainfall soaked soils, making many areas extremely prone to both flash and river flooding.

Persons: Hurricane Harvey, ” Emmitt Eldridge, Eldridge, ”, •, ” Sherri Pegoda, Walker, Pegoda, ” Pegoda, “, Sydney Murphy, Harvey, ” Harris, Lina Hidalgo, Greg Abbott, Hawley –, Bret Hendrickson, Brad Wilson, Hawley, CNN’s Allison Chinchar, Sara Tonks, Ray Sanchez, Andy Rose, Joe Sutton, Paradise Afshar Organizations: CNN, Panhandle, The Coast Guard, Texas Emergency Hospital, Coast Guard, Texas Children’s Hospital, Texas, Gov, San, Harvey, Storm Prediction, Hawley Police, Hawley Independent School, LSM, National Weather Service Locations: Texas, Houston, Gulf, East Texas, Hurricane, South Texas, San Jacinto County, Dallas, • Walker County, Walker County, • Polk County, Polk County, • Harris, San Jacinto, Hidalgo, Harris County, Crosby, Liberty County, Cleveland , Texas, Montgomery County, Livingston , Texas, Trinity, –, Abilene, Hodges, Hawley, Hawley , Texas, Hodges , Texas, Louisiana, Groveton , Texas, Paradise

☆ Baltimore bridge: An Italian company that helped rebuild Genoa’s Morandi bridge offers to build new Key Bridge
▼ + stars: | 2024-05-03 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —The Italian company that helped rebuild a bridge that collapsed in Genoa in 2018 says it is ready to do the same in Baltimore. The bridge replaced the Morandi bridge, which collapsed in August 2018. Mauro Ujetto/NurPhoto/Getty ImagesThe Morandi bridge in Italy’s port city of Genoa collapsed in August 2018 after heavy rainfall, killing 43 people. WeBuild Group was among the companies that built the Genoa San Giorgio bridge in just 15 months to replace the Morandi bridge. The project, completed in 2020, cost a total of €290 million ($312 million), including the cost of demolishing the remains of the collapsed bridge.

Persons: Francis Scott Key, ” Carlo Ratti, Genoa's, Mauro Ujetto, Joe Biden, “ I’ve, ” Biden, “ Organizations: London CNN, WeBuild, Massachusetts Institute of Technology, Maryland Transportation, Port, Maryland Department of Transportation, CNN Locations: Genoa, Baltimore, United States, Genoa's San Giorgio, Italy’s, Genoa San Giorgio, Port of Baltimore

☆ Brazil floods: At least 29 people killed as heavy rain and flooding lashes Brazil
▼ + stars: | 2024-05-03 | by ( Michael Rios | Lianne Kolirin | ) edition.cnn.com time to read: +2 min

CNN —At least 29 people have been killed and a further 60 are missing as heavy rain and flooding hit the Brazilian state of Rio Grande do Sul this week. Residents and a dog are evacuated from a flooded area in the city center of São Sebastião do Cai, Rio Grande do Sul State, Brazil, on May 2, 2024. Rio Grande do Sul has been increasingly hit by extreme weather events in recent years. Volunteers use a fishing boat to rescue residents trapped inside their houses in São Sebastião do Cai, Rio Grande do Sul state. The proportion of high-intensity hurricanes, or tropical cyclones, has increased due to the warmer global temperatures, according to the UN.

Persons: Cai, Carlos Fabal, Luiz Inácio Lula da Silva, “, ”, Eduardo Leite, Anselmo Cunha, Lizzy Yee, Omar Fajardo Organizations: CNN, Authorities, Getty, Volunteers, UN Locations: Rio Grande do Sul, Rio Grande do Sul State, Brazil, AFP, Dubai, Asia, Kenya, São

☆ Trump Trial Live Updates: Witness Who Extracted Secret Recordings to Return to the Stand
▼ + stars: | 2024-05-03 | by ( Matthew Haag | ) www.nytimes.com time to read: +5 min

Before the tape was revealed, Mr. Trump’s legal team aggressively attacked the credibility of Mr. Davidson during a cross-examination that quickly turned hostile. Frequently, Mr. Davidson would respond, “I don’t recall.”Mr. Bove confronted Mr. Davidson about his “fuzzy” memory and Mr. Davidson responded forcefully that his answers had been truthful. Image The jury heard a recording, made by Michael D. Cohen, Mr. Trump’s longtime fixer, during the 2016 campaign. That included one in which Mr. Trump and Mr. Cohen discussed a hush-money deal for Karen McDougal, a former Playboy model who was trying to sell a story about an affair with Mr. Trump. The potential witness list has several major names, including Ms. Daniels, Mr. Cohen and Hope Hicks, who is Mr. Trump’s former spokeswoman.

Persons: Keith Davidson, Stormy Daniels, Donald J, Juan M, Trump, Merchan, Daniels, Davidson, Michael D, Cohen, Mr, Emil Bove, ” Mr, Bove, ”, “, Trump’s, Maansi Srivastava, Davidson’s, Justice Merchan, Alvin L, Bragg, Todd Blanche, ” Trump, Blanche, Doug Mills, Biden’s, Biden, We’re, Douglas Daus, Karen McDougal, Hope Hicks Organizations: Trump, Prosecutors, Trump White House, New York, ., White, Playboy Locations: Manhattan, Michigan, Wisconsin

☆ China has a 'fake gold' problem — locals are getting scammed into buying artificial jewelry
▼ + stars: | 2024-05-03 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Gold bracelets at a gold jewelry store in the Zhejiang Province of China. Thousands of people in China have been duped into forking out money on "fake gold" — inferior or artificial gold — after trying to purchase so-called "999 gold" online, according to the government. The purest form of gold is commonly referred to as 999 gold, because it has gold content of 99.9%. "Fake gold is becoming a major problem in China as more Chinese are looking to put their savings into gold," said China Market Research Group's Managing Director Shaun Rein. Fake gold gets darker or reveals a greenish color when placed under flame, while pure gold turns brighter on exposure to heat.

Persons: Shaun Rein, Nikos Kavalis, Rein, Taobao, Pinduoduo Organizations: Visual China, Getty, Research, India, World Gold, Metals, ChinaFotoPress Locations: Zhejiang Province, China, scammers, Nantong

☆ How to buy your first luxury watch
▼ + stars: | 2024-05-03 | by ( Christy Choi | ) edition.cnn.com time to read: +9 min

Learn the lingoJust like buying a car, there are some technical terms prospective watch buyers can benefit from knowing. Parts of the watchCrown: Small knob found on the side of the watch used to change the date and time. Automatic movement: A mechanical watch that does not need a battery to move, it relies on movement from the wearer to wind. Buy a watch for the right reasons and consider what you need from itDon’t get sucked into hype around a watch. See if the designer made any othersWhile on the lookout for a watch to wear to his wedding, Pang saw a six-figure Audemars Piguet watch.

Persons: you’ve, it’s, Patek Philippe, Cartier, Vacheron Constantin, Sotheby Asia’s, Joey Luk, Charles Frodsham, “, ”, Johnathan Chan, you’re, Helbert Tsang, Tim Stracke, don’t, Luk, Carlos Pang, Pang, Gerald Genta, Chan, … Organizations: CNN, Rolex, Horology, Facebook, IWC, ” Locations: haute, Hong Kong, Geneva

☆ Hasan Minhaj jokes that losing 'The Daily Show' hosting gig paved the way for bringing back Jon Stewart: 'I saved a dying institution'
▼ + stars: | 2024-05-03 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +3 min

Hasan Minhaj was a frontrunner for the "Daily Show" hosting gig after Trevor Noah left. In the wake of a New Yorker story that fact-checked his stand-up, Minhaj didn't get the job. He joked that his not getting the gig paved the way for Jon Stewart to bring back the show's ratings. Minhaj joked that losing the gig paved the way for the late-night show's resurgence, according to Variety. Onstage at the comedy festival Thursday, Minhaj bantered with "The Daily Show" correspondent Ronny Chieng about losing the job.

Persons: Hasan Minhaj, Trevor Noah, Minhaj didn't, Jon Stewart, —, Minhaj, Roy Wood Jr, Mike Birbiglia's, Stewart, Ronny Chieng, Chieng, I'm Organizations: Yorker, Service, Netflix, Variety, Central Locations: Los Angeles, Yorker

☆ Murders, imprisonment and violence: Threats to press freedom grow in Latin America
▼ + stars: | 2024-05-03 | by ( Esteban Campanela | Sol Amaya | ) edition.cnn.com time to read: +13 min

These are just the tip of the iceberg of the challenges faced by many media workers in Latin America, where experts say the status of press freedom is increasingly worrisome. The Prosecutor’s Office confirmed in a press conference that they believed the crime was linked to his journalistic work. Last week, the Mexican president criticized the US State Department’s report on human rights in the world, which refers to concerns over press freedom in Mexico, saying that US authorities should “be respectful”. In a publication in social network X, Cuban Foreign Minister Bruno Rodríguez said US officials are not concerned about the human rights of Cubans and that the United States has its own human rights violations. Nicaragua: Ortega-Murillo regime targets journalismHarassment of the press in Nicaragua has been widely reported on numerous occasions.

Persons: CNNE, Francisco Cobos, ”, Cobos, Andrés Manuel López Obrador, López Obrador, Enrique Peña Nieto, Felipe Calderón, Lourdes Maldonado López, Maldonado López, Séptimo Día, Roberto Figueroa, Xochitl Zamora, Lourdes Maldonado, Maldonado ´, Marco Ugarte, AP López Obrador, Andres Oppenheimer, Javier Milei, Lopez Obrador, Abraham Jimenez, Jimenez, civically, “, Miguel Diaz, Yamil Lage, Jiménez, Bruno Rodríguez, Ortega, Murillo, Juan Lorenzo Hollman Chamorro, Hollman Chamorro, Chamorro, Carlos Fernando Chamorro, Rosario Murillo, … provocateurs, Chávez, Vos, Chavez, ” Edgar López, López, Juan Pablo Lares, Maximiliano Bruzual, Ariana Cubillos, Nicolas, Maduro’s, Yván Gil, ” Jeannine Cruz, Gustavo Petro, Nayib Bukele, Gonzalo Zegarra, Rey Rodríguez, Manuela Castro, Ana María Cañizares, Ivonne, José Álvarez, Elvin Sandoval, Iván, Sarmenti, Español Organizations: CNN, Amnesty International, Protect Journalists, Univision, Televisa, Prosecutor’s, AP, CIA, Canel, Getty, Cuban Foreign, La Prensa, National Police, ”, El, Regional, Democracy, Nicaraguan, State Department, National College of Journalists, Venezuelan, TC Television, Communication, “ Locations: Mexico, Cuba, Venezuela, Nicaragua, Latin America, Mexican, American, Tamaulipas, McAllen , Texas, Tijuana, Morelos, Tijuana , Mexico, Spain, Cuban, Havana, AFP, United States, Costa Rica, El Confidencial, Managua, NIcaragua, Sur, Washington, Venezuelan, “, Caracas, ”, Ecuador, Guayaquil, America, Argentina, Colombian

Major corporations often don't want to seem like they're taking one side politically, so they either sponsor both conventions, or neither. Conventions could see new sponsorsThe Democratic and Republican conventions this summer are the first fully in-person conventions since the 2016 election. Democratic convention organizers in April said if corporations had any reluctance to back the RNC, it hasn't hampered Chicago's efforts to lure donors. Microsoft in 2012 contributed over $1.5 million in a mix of in-kind and cash contributions to the Republican convention. JPMorgan donated $200,000 to the 2012 Republican convention and didn't write a check for the 2016 event.

Persons: Donald Trump, Jon Cherry, Rashad Robinson, Robinson, —, Fiserv, Greg Goldner, Trump, Donald Trump's, aren't, they'll, Joe Biden, Trent Morse, Morse, they've, Alison Prange, Reince Priebus, Priebus, it's, Steve Kornacki's, Biden, Nancy Pelosi, Michelle Yeoh, Natalie Edelstein, Michael Sacks, Sacks, J.B . Pritzker, Barack Obama, Alex Hornbrook, There's, Taylor Swift, she's, Mitt Romney, Obama, didn't, General Motors Organizations: Christian Media, The Gaylord, Center, Getty, Republican National Convention, Republican, NBC News, Trump, Fiserv Inc, Democratic, Fiserv, RNC, Resolute Consulting, GOP, Corporations, Fortune, Milwaukee Journal Sentinel, Democrats, White House, Milwaukee, NBC, Wall, Republican National Committee, Wall Street, Biden, TV, Kentucky Derby, Street Journal, Northwestern Mutual, Wisconsin Fortune, Democratic National Convention, WEC Energy Group, Manpower Group, Conventions, Metropolitan Milwaukee Association of Commerce, DNC, Convention, Chicago, Longtime Democratic, Illinois Gov, White, Correspondents, Commission, Facebook, Google, Microsoft, Bank of America, FEC, Meta, Skype, CNBC, JPMorgan Chase, Walmart, JPMorgan, General Motors, General, Motors, Comcast, Press, Trade Locations: Nashville , Tennessee, Milwaukee, Wisconsin, America, Chicago, NBCUniversal, Philadelphia

☆ She's worked for Nike, the NBA — and Maya Angelou. Meet abstract artist Ya La'ford
▼ + stars: | 2024-05-03 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +5 min

Artist Ya La'ford in front of one of her artworks. Ya La'fordAbstract artist Ya La'ford is in demand. Her commissions — including sculpture, installations and gallery exhibitions — mean she is fully booked for the next four years. "American Roots" (2021), an installation at The John and Mable Ringling Museum of Art in Sarasota, Florida, by Ya La'ford. The work was defaced in 2012 and restored in 2014, and Ya La'ford said it is one of her favorite artworks.

Persons: Ya, Ya La'ford, La'ford, She's, Janet Jackson, John, Maya Angelou, Maya, Melinda Gates, Mark Rothko's, London's, Rob Stothard Organizations: Nike, McLaren Racing, Orlando Magic, CNBC, NFL, Ringling Museum of Art, Fine Arts, Art Institute of Boston, University of Florida's Levin College of Law, Orlando Museum of Art . Orlando Museum of Art, U.S, Tampa Museum of Fine Arts, Asia, London's Tate, Getty Locations: St . Petersburg , Florida, Sarasota , Florida, Houston, China, Palenque , Colombia, St . Petersburg, Ogden , Utah, Jacksonville , Florida, Bronx , New York

☆ Wegovy maker Novo Nordisk down 4%, heads for worst day since October
▼ + stars: | 2024-05-03 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Shares of Danish pharmaceutical giant Novo Nordisk slid 4% on Friday, extending a 2.7% loss on Thursday as analysts pored over the details of the firm's first-quarter results and monitored a potential rival weight loss treatment. The company reported that sales for its blockbuster injectable weight loss treatment Wegovy, more than doubled to 9.38 billion Danish kroner ($1.4 billion). Novo Nordisk, which also makes diabetes treatment Ozempic, said the rise in sales had offset a slight reduction in prices. Analysts expected even higher weight loss drug sales in the quarter, and some noted that Novo Nordisk's 2024 outlook raise for both sales growth and operating profit was due to one-off accounting adjustments. The boom in demand for weight loss treatments saw Novo Nordisk overtake French luxury group LVMH to become Europe's most valuable company last year.

Persons: Karsten Knudsen, Karen Andersen Organizations: Novo Nordisk, Novo, Morningstar Locations: Novo

☆ Taiwan says Chinese planes crossed median line, China carries out landing drills
▼ + stars: | 2024-05-03 | by ( ) www.cnbc.com time to read: +2 min

Taiwan's defense ministry said on Friday it had detected a renewed incursion by Chinese military aircraft across the sensitive Taiwan Strait, as China reported its navy had carried out combat drills with landing craft. Taiwan's defense ministry said on Friday it had detected a renewed incursion by Chinese military aircraft across the sensitive Taiwan Strait, as China reported its navy had carried out combat drills with landing craft. The median line is used to serve as an unofficial border between the two sides, but Chinese military aircraft now regularly cross it. Taiwan said on Thursday that China had carried out a "joint combat readiness patrol" near the island for the second time in a week. China's defense ministry did not answer calls seeking comment on Friday, the country being in the middle of its Labor Day holiday.

Organizations: Labor, Eastern Theatre Command, Liberation Army Locations: Taiwan, China, Beijing, Taipei, Keelung

☆ Global trade and immigration on the line in Panama’s presidential vote
▼ + stars: | 2024-05-03 | by ( David Shortell | ) edition.cnn.com time to read: +5 min

Achieving Goals presidential candidate José Raúl Mulino speaks with reporters after meeting with members of the Electoral Observation Mission, in Panama City, Wednesday, May 1, 2024. The case of former President Ricardo Martinelli, who was disqualified from running by the courts because of a past corruption conviction, stands out. Once the favorite to win this year’s presidential race, Martinelli was disqualified from running by Panama’s electoral court in March because of the conviction and sentence. There are seven other presidential candidates, including current Vice-President José Gabriel Carrizo, former President Martín Torrijos, and Rómulo Roux, another former minister under Martinelli. Martinelli has thrown his support behind Mulino, even releasing campaign videos from inside the Nicaraguan embassy.

Persons: Daniel Zovatto, El Nino, Fitch, ”, José Raúl, José Raúl Mulino, Matias Delacroix, Mulino, Panama that’s, Ricardo Martinelli, Martinelli, José Gabriel Carrizo, Martín Torrijos, Rómulo Roux, “ Organizations: CNN, Central, Latin America, Wilson, Americas Society, Panamanian, Gallup, Nicaraguan Locations: Panama, Central American, Panama City, United States, Venezuela, Panamanian, Colombia, Mulino, Americas, Nicaragua’s, Nicaraguan

Turkey said on Friday that it would suspend all trade with Israel until there was a “permanent cease-fire” in the Gaza Strip, the latest international sanction against Israel and one that underscores the mounting global pressure to end the war in the territory. Turkey’s announcement built on statements the previous day that it had halted all trade with Israel until “uninterrupted and adequate humanitarian aid is allowed into Gaza.” But even as Turkey announced the measures, Israel continued its repeated warnings that it was preparing for an offensive in the southern Gaza city of Rafah that the United Nations said on Friday could result in a “slaughter” in Gaza. In announcing the trade suspension, the Turkish trade minister, Omer Bolat, spoke of Israel’s “uncompromising attitude.” Turkey’s president, Recep Tayyip Erdogan, told a business association on Friday that he anticipated backlash from Western countries but that Turkey had decided to “stand side by side with the persecuted.”

Persons: Israel, Omer Bolat, Israel’s, ”, Recep Tayyip Erdogan Organizations: Israel, United Nations Locations: Turkey, Israel, Gaza, Rafah

☆ ‘Bare-adise’ adventure: This nude cruise is due to set sail from Miami in 2025
▼ + stars: | 2024-05-02 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +2 min

CNN —What do you need to pack for a cruise? When it comes to this upcoming cruise from tour and travel company Bare Necessities, the answer appears to be very little. The nudist cruise specialist is teaming up with Norwegian Cruise Line to launch an 11-day voyage from Miami to the Caribbean, scheduled to set sail onboard the 295-meter Norwegian Pearl in February 2025. The “11-Day adventure back to Bare-adise” is scheduled to depart from Miami on February 3 and return on February 14. “Our mission is to provide relaxing, entertaining and health-conscious vacation opportunities that offer non-threatening, natural environments where the appreciation, wonder and compatibility of nature and the unadorned human form can occur,” say Bare Necessities.

Persons: Norwegian Pearl, “ Organizations: CNN, Cruise Line, St Locations: Miami, Caribbean, Bahamas, Puerto Rico, Maarten, Norwegian

☆ Dubai rain: Flights cancelled, schools and offices shut as storm hits UAE just weeks after deadly floods
▼ + stars: | 2024-05-02 | by ( Mostafa Salem | Abbas Al Lawati | ) edition.cnn.com time to read: +2 min

The floods also killed at least 19 others in Oman, including 10 children whose school bus was swept away in the deluge. A driver navigates a flooded road following a rainstorm in Dubai on May 2, 2024. Scientists linked the record rainfall that hit the UAE and Oman two weeks ago to climate change. Over a period of less than 24 hours during that event, the UAE experienced its heaviest rainfall in since records began 75 years ago. Dubai experienced the equivalent of more than a year and a half’s worth of rain in that time.

Persons: Rouhana, Abu Dhabi, CNN’s Brandon Miller Organizations: United Arab Emirates CNN — Emirates, United Arab Emirates, REUTERS, CNN, Residents, Authorities, UAE Locations: Abu Dhabi, Dubai, Oman, UAE, Ras Al, Khaimah, Abu, El

☆ Live Updates: Police Clear U.C.L.A. Encampment and Arrest Protesters
▼ + stars: | 2024-05-02 | by ( Jonathan Wolfe | Mike Ives | ) www.nytimes.com time to read: +12 min

But by Wednesday morning, the peace at the University of California, Los Angeles, had been shattered. Many critics were incredulous that even after officers with the Los Angeles Police Department arrived, there were no arrests or suspensions. Campus officials ordered protesters on Wednesday evening to leave the encampment or face arrest. Image A group of counterprotesters attacked a pro-Palestinian encampment at the University of California, Los Angeles, on Tuesday night. seemed to wait too long to call in the Los Angeles police, whose officers did not arrive until after midnight.

Persons: fistfights, “, ”, Marie Salem, Mark Abramson, ANGELES Royce Hall Dickson, Ms, Salem, Aidan Woodruff, Mr, Woodruff, counterprotesters, Philip Cheung, Gene Block, Block, Israel counterprotesters, Karen Bass’s, Counterprotesters, Michael Nasir, Mary Osako, Katy Yaroslavsky, streetlight, Hussam Ayloush, Rob Bonta, Ayloush, Benjamin Kersten, Bella Brannon, Brannon, Jill Cowan, Shawn Hubler, Livia Albeck, Claire Fahy, John Yoon, Yan Zhuang Organizations: University of California, Student, The New York, The New York Times, Los Angeles Police Department, OF, ANGELES Royce Hall Dickson, ANGELES Royce Hall, ANGELES Royce Hall Dickson Court, ., Israel, Royce Hall, Los Angeles police, Police Department, Patrol, California, Credit, . Palestinian Solidarity, Jewish, Fairfax District, Jewish Federation Los, Los, Los Angeles Area, Islamic Relations, Jewish Voice, Peace Locations: Los Angeles, U.C.L.A, Israel, California, . Palestinian, counterprotesters, ”, Westside, Beverly Hills, Iranian, Gaza, Palestine

Search resuls for: "City of"

25 mentions found