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☆ Best Buy surges on signs that the expected AI-driven PC and smartphone refresh is starting
▼ + stars: | 2024-05-30 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Bottom Line This was a better-than-feared quarter from Best Buy. Services are an area that Best Buy can lean into and leverage to differentiate from online retailers like Amazon . Importantly, she noted that not only will Best Buy have the largest assortment of AI-enabled PCs but over 40% of that assortment will be exclusive to Best Buy. Going back to how Best Buy can compete with the likes of Amazon, Best Buy is working closely with vendors on marketing strategies and demonstrations to offer a "unique educational and interconnected digital shopping journey." Bimal Tandel photographs Bhavin Tandel and Dinesh Tandel, crew members on the Klara Oldendorff, in front of a Best Buy in Timonium, Maryland, U.S., March 29, 2024.

Persons: Corie Barry, we're, Barry, FactSet, Jim Cramer's, Jim Cramer, Jim, Bimal, Bhavin Tandel, Dinesh Tandel, Klara Oldendorff, Julia Nikhinson Organizations: LSEG, Services, Amazon, Computer, Target, Walmart, Costco, Barry, Apple, CNBC Locations: Timonium , Maryland, U.S

Trudeau said that Canada was "actively pursuing credible allegations" linking Indian government agents to the murder of a Sikh separatist leader in British Columbia in June. "Obviously we're concerned about making sure (the sales) get executed," Price said, adding that he's not aware of any cancellations. Due to India's poor crop, lentil prices are high, but since Trudeau's comments Indian offers for Canadian supplies have dropped 6% to around $770 per metric ton, Price said. India consumes around 2.4 million metric tons of lentils annually, but local production falls short at 1.6 million tons, said Bimal Kothari, chairman of India Pulses and Grains Association. "Inflation within the pulses group is currently very high, making Canadian lentils a critical need for India.

Persons: Amit Dave, Justin Trudeau, Trudeau, Nitin Gupta, Kevin Price, Parrish, Price, Bimal Kothari, Rod Nickel, Rajendra Jadhav, Timothy Gardner Organizations: REUTERS, Rights, Canadian, Industry, Olam Agri, Indian, Canadian Global Affairs, Heimbecker, Association, Thomson Locations: Delhi, India, Rights WINNIPEG , Manitoba, MUMBAI, New Delhi, Canada, British Columbia, Olam Agri India, Winnipeg, Canadian, Australia, Mumbai, Winnipeg , Manitoba

☆ Heavy rains lash east Nepal; one dead, 25 missing
▼ + stars: | 2023-06-18 | by ( Gopal Sharma | ) www.reuters.com time to read: +1 min

KATHMANDU, June 18 (Reuters) - One person was killed and at least 25 others were missing in flash floods and landslides triggered by heavy rains that battered east Nepal, officials said on Sunday, the first known fatality since the annual rains began last week. Heavy rains washed away a hydroelectric project under construction on the Hewa River in Sankhuwasabha district in eastern Nepal where 16 workers have gone missing, said Bimal Paudel, a government official. Nine people were also missing in flash floods and landslides in neighbouring Taplejung and Panchthar districts, bordering India in the east, officials said. Gaurav Dhakal of the Panchthar district said overnight rains damaged two bridges on the Mechi highway, cutting off the road link to remote Taplejung district where four people were missing. Hundreds are killed or go missing in rains which spark floods inundating villages, crops and damaging infrastructure every year in mostly mountainous Nepal, nestled between China and India.

Persons: Bimal Paudel, Gaurav Dhakal, Gopal Sharma, Rupam Jain Organizations: Thomson Locations: KATHMANDU, Nepal, Sankhuwasabha district, Taplejung, India, Panchthar, China, Kathmandu, Lincoln

☆ Modi inaugurates controversial new parliament building in India
▼ + stars: | 2023-05-26 | by ( Rhea Mogul | ) edition.cnn.com time to read: +9 min

A cyclist rides past the construction site for the new Parliament building in January 2021. Controversial projectThe new triangular parliament building is part of a major overhaul of New Delhi’s colonial-era administrative center dubbed the Central Vista Redevelopment Project. The rush was widely thought to have resulted from hopes of opening the parliament building by the 75th anniversary of Indian independence in August 2022. Capacity is also limited — a concern magnified by growing calls to increase the number of MPs sitting in India’s parliament. A photo of the parliament's interior taken during a visit to the building by Modi earlier this year.

☆ Nepal court to release serial killer Charles 'the serpent' Sobhraj
▼ + stars: | 2022-12-21 | by ( Gopal Sharma | ) www.reuters.com time to read: +2 min

[1/2] French serial killer Charles Sobhraj leaves Kathmandu district court after his hearing in Kathmandu May 31, 2011. REUTERS/Navesh Chitrakar/File PhotoKATHMANDU, Dec 21 (Reuters) - Nepal's Supreme Court on Wednesday ordered the release, due to his age, of Charles Sobhraj, a French national known as "the serpent" who police say is responsible for a string of murders in the 1970s and 1980s. Sobhraj, 78, is accused of killing over 20 young Western backpackers across Asia, usually by drugging their food or drink. Last year, the BBC and Netflix (NFLX.O) jointly produced a TV series dramatizing his crimes called "The Serpent." On Wednesday, Supreme Court judges Sapana Pradhan Malla and Til Prasad Shrestha ordered that Sobhraj be freed and deported from Nepal, after 19 years in prison.

☆ Investors dump global bond and equity funds in the week ended Sep.21
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/IllustrationSept 23 (Reuters) - Investors withdrew money from global bond and equity funds in the week ended September 21, with caution creeping in ahead of the U.S. Federal Reserve meeting in which further rate hikes were expected to tame soaring inflation. Investors exited a net $7.32 billion of global bond funds, marking their biggest weekly net selling since Aug. 31, data from Refinitiv Lipper showed. Global short- and medium-term bond funds saw their biggest weekly outflow in 11 weeks, amounting to a net $4.98 billion, while investors also exited a net $3.29 billion in high yield funds. Global bond fund flows in the week ended Sept. 21Meanwhile, global equity funds witnessed disposals worth $1.86 billion in a fifth straight week of net selling. An analysis of 24,559 emerging market funds showed investors sold $2.39 billion worth of equity funds, marking a 10th weekly outflow in a row, while also exiting $2.78 billion worth of bond funds.

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