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☆ It's already hard to get your Fisker fixed. Bankruptcy could make it impossible.
▼ + stars: | 2024-04-27 | by ( Grace Kay | Nora Naughton | ) www.businessinsider.com time to read: +6 min

AdvertisementBusiness Insider spoke with seven Fisker Ocean owners who shared their anxieties about what will happen to their cars if Fisker is no more. AdvertisementSome Fisker owners said they are already struggling to get service and parts. Three Fisker ocean owners described instances where the vehicle was bricked for days after their 12-volt battery died. What Fisker's failure would mean for its competitorsIf Fisker files for bankruptcy, there are likely to be ripple effects for other EV startups, Fiorani said. "If Fiskers start falling off the side of the road in the next few months because there's no one to update them, that's going to put fear into a lot of electric vehicle owners — not just Fisker owners," Fiorani said.

Persons: —, Henrik Fisker teeters, Sam Fiorani, Kurt Mechling, Mechling, Fisker, Chris Salvo, Salvo, Henrik Fisker, Mario Anzuoni, Fiorani, Patrick Burrell, Tesla Organizations: Service, Business, AutoForecast Solutions, BI, Reuters, EV Locations: California

CNN —As Sudan marks the grim anniversary of a year-long conflict, aid agencies have warned that the country teeters on the edge of collapse, facing an unprecedented humanitarian crisis that has been largely ignored by the rest of the world. The situation in Sudan is dire, with over 8.4 million people, including 2 million children under the age of 5, forced to flee their homes in the wake of the conflict, according to Doctors Without Borders (MSF). Despite these alarming figures, the international response has been woefully inadequate, with only 5% of the 2024 humanitarian response plan for Sudan funded thus far, Islamic Relief said in a statement. A lack of responseDoctors Without Borders on Friday called on leaders attending the Paris conference “to immediately scale up the humanitarian response” in Sudan. “The warring parties in Sudan have inflicted tremendous suffering on Sudanese from all walks of life,” he said.

Persons: Elsadig Elnour, Volker Türk, Sudan “, “, Türk, Stéphane Séjourné, Annalena Baerbock, ”, Mohamed Badawi, ” Mohamed Osman, ” Osman, Sudan Tom Perriello, Perriello, Ramadan Organizations: CNN, Islamic, Sudanese Armed Forces, SAF, Rapid Support Forces, UN, Human, French, Sudan’s, African Center for Justice, Peace Studies, Paris, Human Rights Watch, “, US, State Department Locations: Sudan, France, Paris, ”, Jazira, Saudi Arabia

☆ Robert Downey Jr.'s 'showboating' performances in 'The Sympathizer' are polarizing critics. Here's what reviews are saying about HBO's new series.
▼ + stars: | 2024-04-12 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +7 min

The series follows an agent referred to only as the Captain (Hoa Xuande), who's half-Vietnamese and half-French. Aligned with North Vietnam, he's embedded within the South Vietnam army. Critics have generally praised the series, particularly Xuande's performance and Park's direction (in addition to showrunning duties, he directs the first three episodes). Here's a breakdown of where some reviewers stand ahead of the series premiere on HBO Sunday evening. AdvertisementVariety's Alison Herman says that splitting Downey into parts both "deploys and diffuses" the impact of his celebrity on the series.

Persons: Viet Thanh Nguyen's Pulitzer, Hoa, Critics, —, Viet Thanh Nguyen, Chan, Don McKellar, he's, Robert Downey Jr, Xuande, Hopper Stone, Alan Sepinwall, IndieWire's Ben Travers, Tran Bui, Beth Dubber, weren't, Robert Downey's, Laura Sirikul, Sirikul, Variety's Alison Herman, Herman, Christopher Nolan's, Oppenheimer, Nick Schager, Downey, Sandra Oh, Park Chan, Nguyen's, Judy Berman, Rory Doherty, lauds, Doherty, Inverse's, Fred Nguyen Khan, Duy Nguyen, Sepinwall, IndieWire's Travers, Richard Lawson, Schager, Thanh, Fair's Lawson, Marina Fang Organizations: HBO, Viet Thanh, Service, Downey, Stone, Daily Locations: Viet, North Vietnam, Vietnam, United States, Korean

☆ After Trump Broadside, Surveillance Bill Teeters in the House
▼ + stars: | 2024-04-10 | by ( Luke Broadwater | Charlie Savage | ) www.nytimes.com time to read: +1 min

Speaker Mike Johnson on Wednesday faced a buzz saw of Republican opposition to his bid to extend a warrantless surveillance law that national security officials call crucial to their efforts to fight terrorism, after former President Donald J. Trump urged lawmakers to kill the legislation. Republican leaders said they would plunge ahead with a midday vote to bring up the bill, which would extend a section of the Foreign Intelligence Surveillance Act known as Section 702 and make modest changes. Aides said it was possible that Republicans would yank the bill if they failed to quell the brewing revolt. No Democrats were expected to vote to move forward on the measure — among other things, Republicans have bundled it with an unrelated resolution condemning President Biden’s border policies — so just three Republican defections would be enough to scuttle the move. At least one hard-right member, Representative Matt Gaetz of Florida, has already pledged to try to tank it.

Persons: Mike Johnson, Donald J, Trump, yank, Biden’s, Matt Gaetz Organizations: Wednesday, Republican, Foreign Intelligence, Republicans Locations: Florida

☆ Japan set for fresh 34-year highs; most Asian markets are closed for Lunar New Year holiday
▼ + stars: | 2024-02-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Crude oil futures prices rose for the fourth day in a row afte Israel rejected a ceasefire proposal by Hamas. The West Texas Intermediate futures contract added $2.14, or 2.90%, to trade at $75.98 a barrel. The Brent contract for April gained $2.16, or 2.73%, to trade at $81.37 a barrel. Blinken met Israel Prime Minister Benjamin Netanyahu Wednesday to discuss a counterproposal by Hamas that demands a permanent end to the fighting. Netanyahu rejected the Hamas' proposal, vowing to press on to the southern city of Rafah on the border with Egypt and achieve "total victory" in Gaza.

Persons: Israel, Brent, Antony Blinken, Blinken, Benjamin Netanyahu, Netanyahu, — Spencer Kimball Organizations: The West Texas Intermediate, U.S, Israel Locations: Gaza, Rafah, Egypt

☆ Oil rises for a fourth day after U.S. kills militant commander in Iraq, Israel rejects Hamas proposal
▼ + stars: | 2024-02-08 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Crude oil futures prices rose for the fourth day in a row Thursday after the U.S. killed a militant commander in Iraq and Israel rejected a ceasefire proposal by Hamas. The West Texas Intermediate futures contract added 86 cents, or 1.16%, to trade at $74.73 a barrel. Blinken met Israel Prime Minister Benjamin Netanyahu Wednesday to discuss a counterproposal by Hamas that demands a permanent end to the fighting. Netanyahu rejected the Hamas' proposal, vowing to press on to the southern city of Rafah on the border with Egypt and achieve "total victory" in Gaza. The drone strike Wednesday comes after the U.S. hit sites in Iraq and Syria used by Iranian forces and allied militants last weekend.

Persons: Brent, Antony Blinken, Blinken, Benjamin Netanyahu, Netanyahu Organizations: The West Texas Intermediate, U.S, Israel, Hezbollah, U.S . Central Command, U.S . Energy Department Locations: Gaza, U.S, Iraq, Israel, Rafah, Egypt, Baghdad, Syria

NEW YORK (AP) — Ever-present on the lips of Taylor Swift and the uniforms of both Super Bowl teams. The color red has gone boom as loud as TNT. The phenom that is Taylor Swift at boyfriend Travis Kelce's Kansas City Chiefs games was a red-hued wonder of a lead-up to Super Bowl LVIII. You can wear red accessories to add color to a more neutral look or throw on a red lip or red nail polish. THE RED VS. RED SUPER BOWLThe 49ers have some skin in the red fashion game, too, in running back Christian McCaffrey's fiancee, Olivia Culpo, and in Kristin Juszczyk, fullback Justin Juszczyk's wife.

Persons: Taylor Swift, Trav, Travis Kelce's, We've, we've, Pat McGrath, ”, Laurie Pressman, Stuart Semple, Erin Jaeger, it’s, Christian McCaffrey's, Olivia Culpo, Kristin Juszczyk, Justin Juszczyk's, Kristin, Jaeger, I’m, Sabato De Sarno, Gucci Rosso, ” Jaeger, Bianca Betancourt, Semple, Anish Kapoor, It's, “, Geothe, Michel Pastoureau's Organizations: Super Bowl, TNT, Travis Kelce's Kansas City Chiefs, Media, Chiefs, San Francisco 49ers, Pat McGrath Labs, FOOTBALL AS, North America, 49ers, Swift, Vogue Locations: Taylor, British, North, Paris, Milan, China, India

☆ Johnson Digs In Against Border Deal as Negotiators Try to Salvage It
▼ + stars: | 2024-01-26 | by ( Karoun Demirjian | ) www.nytimes.com time to read: +1 min

Speaker Mike Johnson sought on Friday to choke off the last remaining glimmers of hope for a bipartisan immigration compromise to emerge from Congress this year, repeating that a deal under discussion in the Senate would almost certainly be “dead on arrival” in the Republican-led House. Mr. Johnson’s statement, in a letter to House G.O.P. lawmakers, came after the top Senate Republican conceded this week that the opposition of former President Donald J. Trump had made the proposed border agreement politically difficult for the party to embrace, effectively killing its chances. “If rumors about the contents of the draft proposal are true, it would have been dead on arrival in the House anyway,” Mr. Johnson wrote. As the immigration plan teeters, the fate of additional aid for Ukraine also hangs in the balance, with hard-right House Republicans also dug in against it and threatening to depose Mr. Johnson if he seeks to push it through over their objections.

Persons: Mike Johnson, G.O.P, Donald J, Trump, Mr, Johnson Organizations: Republican, Republicans Locations: Ukraine

☆ Why Calvin Klein ads still get people talking
▼ + stars: | 2024-01-18 | by ( Joan Kennedy | ) edition.cnn.com time to read: +9 min

The strategy was classic Calvin Klein, a brand which has been synonymous with sexy, conversation-starting campaigns since the 1970s. From Calvin KleinBut the White ads were just the start of the headlines for Calvin Klein. Adorning a New York City phonebooth, Mark Wahlberg is seen in a 1992 Calvin Klein campaign. Meanwhile, no one besides the ASA seems to be admonishing Calvin Klein over the FKA Twigs ads. For Calvin Klein, both sets of ads are an example of that old adage — there’s no such thing as bad publicity.

Persons: CNN —, Jeremy Allen White’s, Calvin Klein, —, Calvin, White, Bottega, Kendall Jenner, FKA, “, Milan Jaros, Kate Moss, Brooke Shields, innuendos, Mark Wahlberg, Eva Mendes, ”, Matt Kissane, Landor, Calvin Klein’s, Moss, Wahlberg, Marky Mark ”, Justin Bieber’s, Justin Bieber's Calvin Klein, Stacy Walsh Rosenstock, he’s, popstar Rosalía, Amy Kommatas, Jenner, Hadid, Allen Adamson, Alas, Adamson, Henry McGee, Launchmetrics, Jeremy Allen White, “ They’ve Organizations: The, Fashion, CNN, Authority, Standards Agency, Standards Authority, ASA, Bloomberg, Getty, Hulu, Business, US Justice Department Locations: SoHo, Prague, Czech Republic, Zara, York's, Los Angeles, New York City

☆ Hezbollah Rejected US Overtures, Still Open to Diplomacy to Avoid Wider War
▼ + stars: | 2024-01-18 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +9 min

U.S. envoy Amos Hochstein has been leading a diplomatic outreach to restore security at the Israel-Lebanon frontier as the wider region teeters dangerously towards a major escalation of the conflict ignited by the Gaza war. Israel has also said it wants to avoid war, but both sides say they are ready to fight if necessary. Branded a terrorist organisation by Washington, Hezbollah has not been directly involved in talks, three Lebanese officials and a European diplomat said. Hezbollah has dismissed both ideas as unrealistic, the Lebanese officials and the diplomat said. Iran's foreign minister on Wednesday said attacks against Israel and its interests by the "Axis of Resistance" will stop if the Gaza war ends.

Persons: Laila Bassam, Maya Gebeily, Amos Hochstein, Hochstein, Israel, Spokespeople, Eylon Levy, Najib Mikati, Mikati, Hamas, Mohanad Hage Ali, Hage Ali, Sayyed Hassan Nasrallah, Nasrallah, Gebeily, Dan Williams, Tom Perry, Steve Holland, Edtiing, Frank Jack Daniel Organizations: U.S, Yemen's, Reuters, Hezbollah, Lebanese, Iran's, Guards, Carnegie Middle East Center Locations: Maya, Maya Gebeily BEIRUT, Iran, Israel, Lebanon, Gaza, Yemen's Iran, Red Sea, U.S, Lebanese, Beirut, Jan, Washington, European, Hochstein, United States, IRAN, Syria, Iraq, Tehran, France, Jerusalem

WASHINGTON (AP) — The House is making history this year in ways that Republicans could hardly have envisioned when the party took control. First, the Republicans voted to oust their speaker, Kevin McCarthy, and on Friday they voted to get rid of one of their own, indicted GOP Rep. George Santos of New York. The result has been a dizzying 11 months in a House majority riven by infighting, chiseling away at the powers of Congress and taking its toll on the actual business of governing. As the year comes to a close, the arc of power for House Republicans is at an inflection point, a new era of performance politics and chaotic governing that shows no signs of easing. A scathing House Ethics report found “overwhelming evidence” of lawbreaking by Santos, including questionable campaign expenditures on items like Botox.

Persons: Kevin McCarthy, George Santos, chiseling, Mike Lawler, Santos, you’re, ”, ” Santos, “, Donald Trump, Nick LaLota, Matt Gaetz, Mike Johnson, Johnson, Joe Biden, Hunter Organizations: WASHINGTON, House Republicans, Republican, New, Capitol, Yorkers, GOP, Trump, Republicans Locations: George Santos of New York, lawbreaking, Florida

☆ The Best Thrillers of 2023
▼ + stars: | 2023-12-02 | by ( Sarah Lyall | More About Sarah Lyall | ) www.nytimes.com time to read: +1 min

But why does Gabe seem to be reaching toward the distressed woman — something he had been instructed never to do — as she teeters on the edge, then falls? The dead woman, Amanda, narrates some of the chapters from beyond the grave. She wants to make something clear. The book begins with Margo, an outwardly cheerful librarian with a big secret: In her previous job, she was a nurse with a knack for murdering her patients. With her fake name and new identity, she seems to have gotten away with it.

Persons: Gabe, Pippa, ” Hepworth metes, Amanda, ”, “, Laura Sims’s, Margo, Patricia

☆ Germany's budget committee pauses 2024 budget deliberations -panel members
▼ + stars: | 2023-11-17 | by ( Maria Martinez | Thomson Reuters | Maria Martinez Is A Reuters Correspondent In Berlin Covering German Economics | ) www.reuters.com time to read: +4 min

REUTERS/Liesa Johannssen/File Photo Acquire Licensing RightsBERLIN, Nov 17 (Reuters) - Germany's budget committee paused final deliberations on the 2024 draft budget early on Friday morning, according to the chief budget officers of the coalition government, after a constitutional court ruling threw negotiations into disarray. The contents of the ministries' budgets were finalised during the committee meeting, the budget officers said. On Wednesday, the constitutional court decision prompted the government to postpone the formal vote of the budget committee until next Thursday. Despite the court ruling, the 2024 budget is expected to be passed as planned at the end of the Bundestag's budget week on Dec. 1, according to members of the budget committee. The chief budget officers of the coalition government accused the opposition of refusing to cooperate in budget deliberations.

Persons: Liesa, Chancellor Olaf Scholz's, Joerg Kraemer, Friedrich Merz, Commerzbank's Kraemer, Maria Martinez, Holger Hansen, Clarence Fernandez, Gerry Doyle Organizations: REUTERS, Rights, Greens, Free Democrats, European Commission, dpa, Bundestag's Energy, CDU, CSU, Christian Democratic Union, ESF, Economic, Stabilization, Thomson Locations: Berlin, Germany, Ukraine

The economy and finance ministry declined immediate comment. "So the ruling could have a negative impact on economic growth," the source added. Last month, the economy ministry predicted 1.3% growth for next year. Although the Greens want additional spending, the Free Democrats (FDP), which heads the finance ministry, reject additional debt and higher taxes. "There is a clear political decision in favour of Intel and nothing has changed yet," said an economy ministry spokesperson on Friday.

Persons: Liesa, Olaf Scholz's, Christian Lindner, Chancellor Olaf Scholz's, Joerg Kraemer, Robert Habeck, Habeck, Friedrich Merz, Christian Haase, Commerzbank's Kraemer, Maria Martinez, Andreas Rinke, Holger Hansen, Christian Kraemer, Madeline Chambers, Matthias Williams, Clarence Fernandez, Gerry Doyle, David Evans Organizations: REUTERS, Rights, Thursday, Greens, Free Democrats, Transformation, Intel, U.S, Christian Democratic Union, ESF, Economic, Stabilization, Thomson Locations: Berlin, Germany, Europe's

☆ China is helping the US deal with its massive fentanyl problem — sort of
▼ + stars: | 2023-11-17 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

The US says China is a main source of materials for fentanyl that later ends up in America. The deal, which both leaders settled at the Asian-Pacific Economic Committee summit in San Francisco, would see Beijing assist Washington by regulating fentanyl precursors in China. The Drug Enforcement Administration has warned in recent years that China is a primary source for key ingredients in fentanyl. Advertisement"Focusing on China as the source of the problem has been because it's such an easy country to criticize," Ross said. For the Biden administration, the fentanyl deal has been an issue repeatedly pushed by US officials, Liu said.

Persons: —, Joe Biden, Xi Jinping, Zha Daojiong, Biden, Xi, Liu Zongyuan, Maurice R, Greenberg, Liu, Robert Ross, Ross, Eric Richardson, that's Organizations: Service, Pacific, Drug, Administration, Business, Peking University, pharma, of Foreign Relations, DEA, Boston College, UC Berkeley, INHR, United Nations, US, Bloomberg, Reuters, Forensic Public Security Institute Locations: China, America, San Francisco, Beijing, Washington, India, it's, Mexico, United, Europe, Xinjiang

And while the local government says Berlin has sufficient space to build over 100,000 apartments, there is no sign the housing crisis gripping the city will ease. But as Europe's largest economy teeters near recession, economists warn that high rents will feed inflation and reduce household consumption. In Berlin, local opposition has frustrated plans to build, while regulation creates a two-tier rental market that is cheap for some long-term tenants and expensive for new renters. Rising property demand saw private companies develop luxury apartments that offered a higher yield - in part, Buch said, because government permissioning for more affordable housing projects was so slow. OPPOSITIONSome building projects have since faced local opposition while a recent attempt to curb rent increases backfired.

Persons: Lisi Niesner, Rolf Buch, Buch, you've, Konstantin Kholodilin, Marwa, Monika Neugebauer, Goldman Sachs, Neugebauer, Gesa Crockford, Martin Pallgen, Anna Hohnrath, Hohnrath, Matthias Inverardi, Matthias Williams, Catherine Evans Organizations: Berlin, REUTERS, Rights, Vonovia, Reuters, DIVISION, International Union of Tenants, European, West, Foreigners, Thomson Locations: Berlin, Germany, San Francisco, California, City, Tempelhof, Valencia, Spain

Underscoring the frustration, Economy Minister Robert Habeck, a member of the pro-spending Greens, called the verdict "a huge blow to industrial policy". Speaking to parliament, Habeck warned the court ruling put at risk support for the steel sector, which is counting on subsidies to decarbonise and stay competitive. Finance Minister Christian Lindner meanwhile said it was too early to discuss the consequences of the court ruling. "The steel industry alone can contribute to reducing a third of total industrial emissions - and thus has enormous leverage to save millions of tons of CO2 in the coming years." "The political bottom line is that many coalition disputes will reopen as serious budget constraints kick in.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, BERLIN, Wednesday's, Chancellor Olaf Scholz, Habeck, Yesenn, DBRS Morningstar, hawkish Lindner, Lindner, Bernhard Osburg, Carsten Brzeski, Eurointelligence, Maria Martinez, Christian Kraemer, Andreas Rinke, Markus Wacket, Tom Kaeckenhoff, Matthias Williams, Alexandra Hudson, Susan Fenton Organizations: Finance, Climate, Economy, Greens, CHANGE, Budget, European Central Bank, Thomson Locations: United States, Berlin, Germany

[1/3] FILE PHOTO: German Chancellor Olaf Scholz looks on as he meets NATO's Secretary General Jens Stoltenberg in Berlin, Germany, November 9, 2023. Wednesday's decision by the constitutional court could also set a precedent for fiscal responses to future crises. "FAR-REACHING CONSEQUENCES""The court ruling has far-reaching consequences for fiscal policy in Germany," said Clemens Fuest, President of the Ifo economic institute. This was done with the Second Supplementary Budget Act 2021, which retroactively amended the Budget Act for 2021. The constitutional court ruled that this act was incompatible with Germany's Basic Law and so was void.

Persons: Olaf Scholz, Jens Stoltenberg, Liesa, Chancellor Olaf Scholz's, Christian Lindner, Lindner, Scholz, Robert Habeck, Clemens Fuest, Ralph Solveen, Habeck, Friedrich Merz, Maria Martinez, Christian Kraemer, Ursula Knapp, Matthias Williams, Kirsti Knolle, Madeline Chambers, Susan Fenton, William Maclean, Catherine Evans Organizations: REUTERS, Rights, Finance, Union, Social Democrats, Free Democrats, Christian Democratic Union, Thomson Locations: Berlin, Germany, Ukraine

☆ Morning Bid: Frail yen teeters as US CPI looms
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

Economists polled by Reuters expect headline U.S. consumer price inflation to slow to 3.3% in October from 3.7% in September, with the core inflation rate that strips out volatile components seen unchanged from September at 4.1%. If the battered currency breaks through last year's trough of 151.94, it would mark a 33-year low. In the corporate world, investors will keep an eye on Europe's most valuable company, Novo Nordisk (NOVOb.CO). Shares of the Danish drugmaker rose on Monday after data showed that the heart-protective benefits of its popular obesity drug Wegovy are not solely due to weight loss. Key developments that could influence markets on Tuesday:Economic events: UK average weekly earnings for September, Euro Zone Q3 flash GDP, Euro Zone employment flash Q3Reporting by Ankur Banerjee; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Persons: Ankur Banerjee, David Cameron's, Jerome Powell, Shunichi Suzuki, Edmund Klamann Organizations: U.S, Japan, Ankur, Reuters, Federal Reserve, Japanese Finance, Novo Nordisk, Walmart, Thomson Locations: Tokyo, Japan, Britain, Danish

☆ Australia-China: After seven years of strain, leader Albanese heads to Beijing
▼ + stars: | 2023-11-04 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Stakes are high for the four-day visit, which begins on Saturday and will see Albanese meet with Chinese leader Xi Jinping and Premier Li Qiang and make stops in Beijing and Shanghai. Albanese’s trip also carries symbolic overtones, marking 50 years since the first official visit by an Australian leader to Communist China after the two countries established ties. James Bugg/Bloomberg/Getty ImagesUS relations loomAlbanese is heading to Beijing less than two weeks after he met with US President Joe Biden in Washington. As he aims to repair ties with China, Albanese will need to walk a line between these interests and China’s suspicions about the aims of these blocs, analysts say. “Beijing came to learn that the weaponization of trade did not force a close US ally to back down,” said Collinson.

Persons: Hong Kong CNN —, Anthony Albanese, Albanese, Xi Jinping, Li Qiang, Scott Morrison’s, Jingdong Yuan, ”, Cheng Lei, Yang Hengjun, Yang, ” Albanese, Elena Collinson, teeters, ” Collinson, James Bugg, Joe Biden, “ Albanese, Yuan, Xi, Biden, Collinson, “ Organizations: Hong Kong CNN, China’s Foreign Ministry, University of Sydney, Reuters, Huawei, Albanese’s Labor, Canberra, Albanese’s, University of Technology Sydney’s, China Relations Institute, Trans, Pacific, Bloomberg, Getty, Albanese, China, China - Asia Security, Stockholm International Peace Research Institute, Economic Cooperation, Australia Locations: Hong Kong, China, Beijing, Shanghai, Australia, Washington, Seoul, Communist China, Asia, Pacific, Darwin, Pacific Islands, South, University of Technology Sydney’s Australia, Europe, Yarra, Victoria, South China, United Kingdom, Japan, India, Sydney, Stockholm, San Fransisco

☆ Asia's factories squeezed as China's nascent recovery teeters
▼ + stars: | 2023-11-01 | by ( Leika Kihara | ) www.reuters.com time to read: +3 min

Purchasing managers' indexes (PMIs) for factory powerhouses China, Japan and South Korea showed activity shrinking while Vietnam and Malaysia also struggled with the broadening fallout from a Chinese slowdown. "Overall, manufacturers were not in high spirits in October," said Wang Zhe, an economist at Caixin Insight Group, on China's survey outcome. Japan's factory activity shrank for a fifth straight month in October, the final au Jibun Bank PMI showed. South Korea's factory activity fell for the 16th straight month while PMIs from Taiwan, Vietnam and Malaysia also showed continued declines in activity. The International Monetary Fund (IMF) has warned that China's weak recovery and the risk of a more protracted property crisis could further dent Asia's economic prospects.

Persons: Stringer, Wang Zhe, Leika Kihara, Sam Holmes Organizations: REUTERS, PMI, P Global, Caixin Insight, Jibun, Murata Manufacturing, Monetary Fund, IMF, Thomson Locations: Zouping, Shandong province, China, Japan, South Korea, TOKYO, Vietnam, Malaysia, PMIs, Taiwan, Asia

☆ Dollar hits new high on upbeat data, yen teeters near intervention line
▼ + stars: | 2023-10-03 | by ( Brigid Riley | ) www.reuters.com time to read: +3 min

The euro also traded near a one-year low against the greenback, dropping below January's 1.0482 nadir, as manufacturing surveys released in both Europe and the U.S. on Monday highlighted the divergence between the two economies. The dollar index rose around 0.5% to 107.06, at one point hitting as high as 107.12, its highest since November 2022. Japan's key economic ministers warned again on Monday that authorities were watching with a "strong sense of urgency" as the yen slid. The yen was last at 149.80 against the dollar, just off the overnight low of 149.88. (This story has been corrected to fix euro milestone to near one-year low, not over one-year low, in paragraph 2)Reporting by Brigid Riley Editing by Shri NavaratnamOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Carol Kong, Kong, Sterling, Brigid Riley, Shri Navaratnam Organizations: REUTERS, Rights, Federal Reserve, Treasury, Commonwealth Bank of Australia, PMI, Reserve Bank of Australia, Thomson Locations: Europe

☆ Country Garden just dodged a default but China's property-debt distress continues
▼ + stars: | 2023-09-09 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Leading Chinese developer Country Garden avoided a debt-default last week with an 11th-hour coupon payment. But this may have provided only a temporary relief for the Asian nation's ailing property sector. Country Garden Holdings managed to pay interest totaling $22.5 million last Monday, which offered a temporary reprieve to the embattled industry. His firm holds some Country Garden bonds. The market for Chinese developers' dollar-denominated bonds has lost a staggering 87% of value over the past two years.

Persons: Edward Al, Columbia Threadneedle, Debtwire, Chaim Estulin, Lehman Organizations: Country, Service, Garden Holdings, Investment, Bloomberg, Columbia, Reuters Locations: Wall, Silicon, Beijing, China

☆ Meet the AI company that just raised $1.5 million from investors like Rex Salisbury by betting big on the startup 'mass extinction event'
▼ + stars: | 2023-09-06 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +4 min

SimpleClosure just raised a $1.5 million pre-seed funding round from Rex Salisbury and Vera Equity. The startup uses AI to automate the legal and procedural tasks for when a startup shuts down. The startup industry is predicted to be on the brink of a 'mass extinction event.' The numbers weren't looking good for the fintech startup, so one of the investors asked him to write a shutdown proposal. And when a business shuts down, incorrect winding-down procedures can add insult to injury in the form of fines, fees, and mistakes that can also affect customers and investors.

Persons: SimpleClosure, Rex Salisbury, Vera Equity, Earny, Dori Yona, Yona, Michael Vaughn, Jon Pomerantz, haven't Organizations: Wednesday, Cambrian Ventures, IRS Locations: fintech

☆ Idalia is expected to rapidly intensify in the extremely warm Gulf of Mexico. Here’s what that means
▼ + stars: | 2023-08-28 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +17 min

Mike Lang/USA Today Network Workers and residents clear debris from a destroyed bar in Fort Myers on Saturday, October 1. Thomas Cordy/The Palm Beach Post/USA Today Network This aerial photo shows damaged homes and debris in Fort Myers Beach on Thursday. Wilfredo Lee/AP Jake Moses and Heather Jones explore a section of destroyed businesses in Fort Myers Beach, Florida, on Thursday. Alexandre Meneghini/Reuters Frederic and Mary Herodet board up their Gulf Bistro restaurant in St. Pete Beach, Florida, on Tuesday. Martha Asencio-Rhine/Tampa Bay Times via ZUMA Press Wire Sarah Peterson fills sandbags in Fort Myers Beach on September 24.

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