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☆ China to accelerate issuance of government bonds, finance minister says
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +2 min

A woman walks in the Central Business District (CBD) on a hazy morning in Beijing, China, October 25, 2021. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsBEIJING, China, Nov 5 (Reuters) - China will accelerate the issuance and use of government bonds, state-run news agency Xinhua reported on Sunday citing an interview with new finance minister Lan Foan. "The Ministry of Finance will continue to implement a proactive fiscal policy, focus on improving efficiency, and better play the effectiveness of fiscal policy," said Lan, who also noted the "complex domestic and international situation". Some new local government debt quotas for 2024 have been issued in advance to reasonably ensure local financing needs, he said. The top parliamentary body last month approved the issuance of 1 trillion yuan ($137 billion) in sovereign bonds in the fourth quarter to fund rebuilding of areas affected by floods, state media reported.

Persons: Thomas Peter, Lan Foan, Lan, Liu Kun, Martin Quin Pollard, Wang Shuyan, William Mallard, Christopher Cushing Organizations: Central Business, REUTERS, Rights, Xinhua, Ministry, Finance, Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, Shanxi

☆ Analysis: Traders bet ECB will be first big central bank to cut rates
▼ + stars: | 2023-11-03 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +5 min

A view shows the logo of the European Central Bank (ECB) outside its headquarters in Frankfurt, Germany March 16, 2023. With investors confident that big central banks are likely done raising rates, focus has switched to when rate cuts will start. Traders now price in over an 80% chance of a 25 basis-points (bps) ECB cut by April, which had been fully priced for July last week. Piet Christiansen, chief analyst at Danske Bank, said the expectations for ECB rate cuts now reflected a "doom and gloom" scenario. He added the ECB would need to cut rates at least as much as traders expect next year.

Persons: Heiko Becker, BoE, Shamik Dhar, Christine Lagarde, Piet Christiansen, Lagarde, Goldman, Gurpreet Gill, Dario Perkins, Yoruk, Sumanta Sen, Kripa Jayaram, Dhara Ranasinghe, Emelia Organizations: European Central Bank, REUTERS, Traders, ECB, Fed, Federal Reserve, Bank of England, BNY Mellon Investment, Treasury, Reuters, Danske Bank, Asset Management, Lombard, Thomson Locations: Frankfurt, Germany, United States, Europe, U.S, Britain, Israel

☆ Coal free by 2070? India’s push toward renewables won't stop coal reliance for the next two decades
▼ + stars: | 2023-11-03 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +6 min

The country's leaders have been optimistic about its path to net zero, making bold claims that 50% of its power generation will come from renewables by 2030, and 100% by 2070. "This heightened power demand necessitates a reliable, cost-effective, and consistent power generation source, which coal currently fulfills," he highlighted. Nearly 10% of the country's electricity demand comes from space cooling and this will increase ninefold by 2050, the IEA said. Unreliable renewablesDespite being able to produce cheap wind and solar energy, only 22% of India's power generation is met by renewables. These complexities render it challenging to rely solely on renewables for consistent and dependable power generation," Narayan said.

Persons: Money Sharma, Anil Kumar Jha, Jha, Neshwin Rodrigues, Prakash Singh, Sooraj Narayan, Wood, Sooraj Narayan Wood Mackenzie, Narayan, Sumant Sinha, Sinha, CNBC's, Wood Mackenzie's Narayan Organizations: Afp, Getty, Coal, CNBC, National Thermal Power Corporation, International Energy Agency, Ministry of Coal, Jha, Bloomberg, Investment, Invest India, Nurphoto Locations: Uttar Pradesh, India, Coal India, Dadri, Asia, Uttarakhand, Kerala

☆ As Gaza conflict rages, online maps from Chinese companies are missing Israel’s name
▼ + stars: | 2023-11-02 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Beijing has clarified that Israel remains marked on official maps issued by Chinese authorities after questions emerged over why the country’s name was not visible on online maps provided by two major Chinese companies. The maps also don’t include a country name marker for “Palestine,” which China recognized as a state in 1988 and is listed on its official maps alongside Israel. It’s not clear whether the missing country names are a new development. In a response to CNN, a Baidu Maps spokesperson said: “Where space is limited, our maps may not display the names or flags of some territories. Users can find corresponding countries or areas on Baidu Maps by simply using the map’s search function.”CNN has also reached out to Alibaba for comment.

Persons: Israel ”, Wang Wenbin, —, Zhai Jun, Zhai, Jordan, It’s Organizations: Hong Kong CNN —, Baidu, Israel, Foreign, Hamas, CNN, Palestine, United Nations, United Arab Locations: China, Hong Kong, Hong Kong CNN — Beijing, Israel, Cyprus, Lebanon, Kuwait, Palestine, ”, Taiwan, Beijing, — Israel, Gaza, Qatar, Egypt, United Arab Emirates, Saudi Arabia, United States

☆ Here's what analysts at major Wall Street firms expect from Apple's upcoming earnings report
▼ + stars: | 2023-11-02 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

The September quarter results will only encompass approximately a week of the iPhone 15 sales. AAPL YTD mountain Apple stock in 2023 The company will post its September quarter results Thursday after the bell. Take a look at what analysts are forecasting ahead of the company's announcement: Deutsche Bank trims price target Deutsche Bank reduced its price target on shares to $200 from $210. Morgan Stanley sees better-than-expected quarter results Morgan Stanley has an overweight rating and $210 price target on Apple. The company is leaning cautious on December quarter results due to iPhone supply shortages and consumer spending concerns.

Persons: Apple, Goldman Sachs, Michael Ng, Ng, We're, Morgan Stanley, Michael Bloom Organizations: Apple, Apple Watch, Deutsche Bank, JPMorgan, UBS Locations: China, U.S, Wednesday's

☆ Mosquitoes are driving the ‘akikiki’ to extinction. With only 5 birds left in the wild, scientists are racing to save the species
▼ + stars: | 2023-11-02 | by ( Nell Lewis | ) edition.cnn.com time to read: +5 min

This summer, the team successfully rescued 10 eggs that were placed in a portable incubator and brought safely back to the Kauaʻi Bird Conservation Center. The goal is that as soon as the threat of avian malaria is eradicated, the birds can be released back into their native habitat. Eradicating mosquitoesThe looming challenge is how to eradicate avian malaria – which not only threatens the ‘akikiki but also other endangered forest birds. In June, the US government committed nearly $16 million as part of an initiative to prevent the imminent extinction of Hawaiian forest birds. The process could help to reduce the likelihood of forest birds being affected by avian malaria, which is only carried by female mosquitoes.

Persons: ”, Hannah Bailey, Bailey, we’ll, “ Organizations: CNN, state’s Department of Land, Resources, Conservation Program, San Diego Zoo Wildlife Alliance, Department of Land, Bird Conservation, San Diego Zoo Wildlife Alliance Hawaii’s Department of Land Locations: Hawaii, Kauaʻi, Maui, San

☆ Eli Lilly's rally on blowout Mounjaro sales signals a new leg higher for the stock
▼ + stars: | 2023-11-02 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

LLY YTD mountain Eli Lilly's year-to-date stock performance. Investors are understandably cheering the results, sending Eli Lilly shares higher by more than 4%. "Eli Lilly today is beginning its next leg of going up," Jim Cramer said during Thursday's Morning Meeting . The most important line item was Mounjaro sales, which cleared Wall Street's high bar. Excluding that divestiture and the $387 million in Covid antibody sales in the year-ago quarter, Eli Lilly's sales grew 24% on an annual basis — a highly respectable figure.

Persons: Eli Lilly, LLY, Mounjaro, it's, Eli Lilly's, Jim Cramer, Jim, It's, Novo's, Lilly, We're, Dave Ricks, Ricks, Trulicity, Anat Ashkenazi, Lilly —, Ashkenazi, Jim Cramer's, David Ricks, Eli Lilly Scott Mlyn Organizations: Drug Administration, FDA, Novo Nordisk, CNBC, Management, Dice Therapeutics, Therapeutics Locations: North, Concord , North Carolina, U.S, Indianapolis

MINNEAPOLIS (AP) — President Joe Biden said he thought there should be a humanitarian “pause” in the Israel-Hamas war, after his campaign speech Wednesday evening was interrupted by a protester calling for a cease-fire. “I think we need a pause,” Biden said. Meanwhile, hundreds of foreign nationals and dozens of seriously injured Palestinians were allowed to leave Gaza after more than three weeks under siege. We provide other types of supplies.”He said to NewsNation they were happy to see foreigners leave Gaza. He said, when asked, that a pause "means give time to get the prisoners out.” White House officials later clarified he meant hostages and humanitarian aid.

Persons: Joe Biden, ” Biden, Biden, Benjamin Netanyahu, —, John Kirby, Jack Lew, Michael Herzog, “ Mr, ”, he's, Netanyahu, Abdel Fattah el, ___ Madhani, Colleen Long, Amy Forliti Organizations: White, Democratic Party, Hamas, National Security, Associated Press Locations: MINNEAPOLIS, Israel, Gaza, Gaza City, Egypt, U.S, Minneapolis, “, Washington

☆ Canada caps immigration target amid housing crunch, inflation
▼ + stars: | 2023-11-01 | by ( Wa Lone | ) www.reuters.com time to read: +2 min

"These immigration levels will help set the pace of Canada's economic and population growth while moderating its impact on critical systems such as infrastructure and housing," Miller said. Canada's population has grown mainly through immigration, and population growth has helped fuel economic growth in recent years. But some economists have blamed immigration for worsening the country's housing shortage, though immigrants also work in industries like construction that are facing a labor shortage. For this reason, the Bank of Canada has said immigration has been both a driver and a brake for inflation, which stood at 3.8% in September. More consumers mean more demand, which pushes up prices, but immigrants entering the work force also help keep down labor costs.

Persons: Christinne, Marc Miller, Miller, Wa, Ismail Shakil, Steve Scherer, Deepa Babington Organizations: REUTERS, Rights TORONTO, Bank of Canada, Statistics, Institute for Canadian Citizenship, Wa Lone, Thomson Locations: Canada, U.S, Champlain , New York, Ottawa, Statistics Canada, Toronto

☆ Morning Bid: Fed, financing and jobs greet November
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +6 min

Despite the U.S. Treasury forecasting a lower fourth-quarter borrowing need than previously flagged, the tension in the bond market remains ahead of its detailed future refinancing plans due later on Wednesday. With the Federal Reserve widely expected to hold policy rates steady again on Wednesday, the Treasury plans may end up getting more bond market attention. But U.S. consumer confidence has softened, oil prices are falling again and the overseas demand picture is weakening. Another heavy day of U.S. corporate earnings is topped by big insurers and the likes of PayPal and Kraft Heinz. On Tuesday, shares in heavy-machinery maker Caterpillar (CAT.N) sank almost 7% as signs of slowing demand overshadowed a quarterly earnings beat.

Persons: Mike Dolan, Masato Kanda, it's, Japan's, China Evergrande, Joe Biden, Xi Jinping, Kraft Heinz, Estee Lauder, Kraft, Ingersoll Rand, Nick Macfie Organizations: Wednesday's, Bank of Japan, Japan's Nikkei, Japan, U.S, U.S . Treasury, Federal Reserve, Treasury, HK, White House, Asia Pacific Economic Cooperation, Wall, PayPal, Kraft, Caterpillar, Edison, AIG, Prudential Financial, MetLife, Qualcomm, Mckesson, Kraft Heinz, Allstate, Congnizant, Boston Properties, Water, Garmin, CVS, Brands, Humana, Reuters Graphics Reuters, US National Retail Federation, Thomson, Reuters Locations: U.S, United States, China, Hong Kong, San Francisco, Tokyo, Marathon, Boston

☆ Morning Bid: Yen hangs under intervention cloud
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

Banknotes of Japanese yen are seen in this illustration picture taken September 23, 2022. As Europe wakes up, the yen is not far off the one-year low of 151.74 hit this week and the three-decade low of 151.94 touched last year, which triggered an intervention by Tokyo at the time. The broad yen sell-off on Tuesday came a day after the BOJ watered down its 1% yield cap on the 10-year bond. How hard the BOJ defends the so-called 1% reference will be the key question traders ask in coming days. With little on Europe's economic calendar, investors are likely to keep the focus on the Fed and yen.

Persons: Florence Lo, Ankur Banerjee, Masato Kanda, ramping, Jerome Powell, Powell, Sam Holmes Organizations: REUTERS, Ankur, Fed, Reuters Graphics Reuters, Reuters, PMI, Nationwide, GSK, Thomson Locations: Tokyo, United States

☆ Musk says Tesla aims to make 200,000 Cybertrucks a year
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

Tesla's Cybertruck is displayed at Manhattan's Meatpacking District in New York City, U.S., May 8, 2021. REUTERS/Jeenah Moon/File Photo Acquire Licensing RightsOct 31 (Reuters) - Tesla (TSLA.O) is aiming to make 200,000 units of its electric pickup truck, Cybertruck, per year, Chief Executive Officer Elon Musk said on Tuesday. The company had earlier said that Tesla had the capacity to make more than 125,000 Cybertrucks annually, with Musk adding there was potential to lift it to 250,000 in 2025. On the "Joe Rogan Experience" podcast released Tuesday, Musk reiterated how hard it was to produce the Cybertruck. "We're aiming to make about 200,000 a year at point production ... maybe a little more, but I just can't emphasize enough that manufacturing is much much harder than the initial design," Musk said about the futuristic-looking Cybertruck.

Persons: Elon Musk, Tesla, Musk, Joe Rogan, Chavi Mehta, Anil D'Silva Organizations: Meatpacking, REUTERS, Thomson Locations: New York City, U.S, Los Angeles, Bengaluru

☆ Russians are hunting the Ukrainian drone pilots destroying their tanks and firing everything they've got, if they pick up their electronic trail, operator says
▼ + stars: | 2023-10-31 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

"The reality is that it's extremely dangerous to be flying battlefield drones," a commander said. The pilot's commander told the outlet that the Russians have implemented a 10 km "no-tank zone" behind the front to better protect the equipment. "A lot of people want to become drone pilots because they think the work is further back and safer," one front-line commander told the outlet. In addition to making drone pilots sought-after targets, the war's reliance on drone warfare has also forced both sides to adapt in real time; equipment that can detect and defend against electronic warfare has become a necessity on the battlefield. AdvertisementAdvertisement"If your cover is poor, then you are likely a dead man," a drone pilot operating in the Zaporizhia province, told The Economist.

Persons: —, they've, Verbove Organizations: Service, Economist, Bradley Fighting Vehicles Locations: Russia, Ukraine, Ukrainian, Russian, Ukraine's, Zaporizhia

☆ Tesla's enduring power is even clearer after the EV competition in Detroit falls flat
▼ + stars: | 2023-10-31 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

AdvertisementAdvertisementThe traditional auto industry has had more than a decade to build viable electric vehicle businesses. Again, maybe the traditional auto companies get a pass. WeWork-level lossesFord's EV business lost $1.3 billion, before interest and taxes, in the third quarter of 2023 – on just $1.8 billion of revenue. Detroit has responded with EV price cuts to try to compete with Tesla. Its auto business had a gross profit margin of more than 16% in Q3.

Persons: Tesla, —, Ford, Elon, haven't, China's BYD, Goldman Sachs, Kelley, Mercedes, Price Organizations: Ford, GM, Service, General Motors, Toyota, Honda, Wall Street, EV, Detroit, Mercedes, Benz, Tesla, LG Energy, Auto Locations: Detroit

Customers might assume that nonunion automakers, like Toyota, Tesla or Hyundai-Kia, will now be able to price their vehicles well below what the Detroit automakers can. “When the dust settles from this UAW debacle, the Detroit auto stalwarts find themselves with a bigger cost profile with competition increasing," said Dan Ives, an analyst at Wedbush. That means that competition for buyers is intensifying as pent-up demand from the pandemic wanes, making it difficult for any automaker to raise prices. But if the Detroit companies report lower income, Wall Street will register its disappointment, and stock prices could fall. “You either raise your labor costs to meet what the UAW is getting or you risk the unionization drive.”

Persons: Stellantis, ”, Jonathan Smoke, pare, Dan Ives, Natalie Knight, Ram, Knight, Smoke, Shawn Fain, Fain, Art Wheaton, wouldn’t, Wheaton, Tesla, ” Wheaton Organizations: DETROIT, United Auto Workers, Detroit’s, General Motors, Ford, Toyota, Hyundai, Kia, Detroit, GM, Cox Automotive, UAW, Chrysler, Jeep, Cox, automakers, Detroit automakers, Cornell University, U.S Locations: United States, U.S, Stellantis, Detroit

☆ BlackRock's next high-stakes bet: lending out cash
▼ + stars: | 2023-10-31 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +11 min

Goldstone was referring to a type of business-development company, an investment vehicle widely used in the private-credit market. The vehicle Condor allocated to is a slice of BlackRock's $81 billion private-credit business, which is part of the wider $317 billion alternative-assets platform. 'Size matters'In the summer, BlackRock executives teased out their focus on private credit and fixed income broadly during an investor-day presentation. BlackRock's string of private-credit developments adds up to a long-term bet that this dynamic will continue. "That, in essence, is the paradox of private credit."

Persons: David Goldstone, Goldstone, BDC, it's, hasn't, Rowe Price, Franklin Templeton, Blackstone, Axel Springer, Greg Greifeld, Greifeld, Tim Clarke, Rob Kapito, We've, Jim Keenan, BDCs, Keenan, Clarke, PitchBook, they're, Larry Fink, " Fink, Merrill Lynch, BlackRock, Jared Gross, J.P, Phil Tseng, BlackRock's, Gross, Morgan Organizations: Condor Capital Wealth Management, Condor, BlackRock, BlackRock doesn't, Federal Reserve, Fidelity, Apollo, KKR, Growth, BlackRock TCP Capital Corp, BlackRock Capital Investment Corp, Kreos, Barclays, Tennenbaum Capital Partners, Morgan, who's Locations: New Jersey, BlackRock, PitchBook, Banks, London

As Israel’s assault on Gaza unfolds, global pressure is mounting for a pause in the fighting, including Monday at the United Nations. Instead, they describe occasionally difficult behind-the-scenes conversations about the importance of humanitarian aid and protecting civilian lives. “We have conversations, like friends do, on the hard questions … on issues associated with humanitarian aid,” US national security adviser Jake Sullivan said Sunday on CBS. Saudi Arabia has cautioned against a broad-scale Israeli invasion of Gaza, in part due to the potential of a spiraling regional war. The blackout – which left civilians, aid groups and journalists without any means of communicating with the outside world – came amid heavy Israeli bombardment of the enclave.

Persons: Washington CNN —, Joe Biden’s, Benjamin Netanyahu, “, Jake Sullivan, Sullivan, Khalid bin Salman, Israel, United States Michael Herzog, ” Herzog, CNN’s Wolf Blitzer, Herzog, John Kirby, CNN’s Poppy Harlow, Harlow, Kirby, ”, Ibraheem Abu Mustafa, –, ” Sullivan, Biden, ” Kirby, Vladimir Putin Organizations: Washington CNN, CNN, United Nations, Israel, CBS, Saudi Arabia’s Defense, White, National Security, Reuters CNN, US, Service, MSNBC, Hamas Locations: Israel, Gaza, ”, United States, Iran, Washington, Saudi Arabia, Egypt, Rafah, Ukraine

☆ Can America afford two wars? Here’s what the bond market thinks
▼ + stars: | 2023-10-29 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

New York CNN —If you want to aggravate the US bond market, just remind traders how high the nation’s budget deficit is. The latest tally from the Treasury Department for the fiscal year that ended September 30 put the deficit at $1.7 trillion. All else being equal, that tends to push bond prices down, which causes yields to go higher. That suggests there are other factors that may be outweighing the effects of the war that are driving yields higher, said Snyderman. Also, since the debt ceiling was suspended in June, the Treasury has been issuing more bonds to fund government spending, pushing bond prices down.

Persons: it’s, Joe, That’s, shrugged, Lisa Shalett, Janet Yellen, Rachel Snyderman, Biden, ” Snyderman, John Lynch, Israel doesn’t Organizations: New, New York CNN, Treasury Department, Treasury, Morgan Stanley Wealth Management, Bloomberg, Center, CNN, , Congressional, Federal Reserve, Hamas, Fitch, Moody’s, Service, Comerica Wealth Management Locations: New York, Israel, Ukraine, Gaza, United States

☆ Canada to ramp up verification of student admissions to curb immigration fraud
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

Marc Miller speaks at a news conference about how and when Canada will share historical documents related to residential schools in Ottawa, Ontario, Canada January 20, 2022. REUTERS/Patrick Doyle/File Photo Acquire Licensing RightsOTTAWA, Oct 27 (Reuters) - Canada will step up the verification of university acceptance letters as it seeks to prevent immigration by fraudsters who target international students, Immigration Minister Marc Miller said on Friday. Canada is a popular destination for international students since it is relatively easy to obtain a work permit, but the student immigration system is rife with fraud and "perverse incentives," Miller told reporters in Brampton, Ontario. Such institutions could benefit from faster student permit application processing, Miller said, adding that more details will be shared next year. Canada depends on immigration to drive its economy and support an aging population, and Prime Minister Justin Trudeau has been ramping up annual immigration.

Persons: Marc Miller, Patrick Doyle, fraudsters, Miller, Justin Trudeau, Ismail Shakil, Jonathan Oatis Organizations: REUTERS, Rights OTTAWA, Immigration, Canada, Thomson Locations: Canada, Ottawa , Ontario, Brampton , Ontario, Ottawa

Customers seen in the self-service checkout area of a Coles supermarket in Sydney, Australia, June 17, 2020. REUTERS/Loren Elliott/File Photo/File Photo Acquire Licensing RightsOct 26 (Reuters) - Australian retailers are ramping up their tech security initiatives, including placing cameras at self-checkouts and body-worn cameras on staff, to combat a surge in stock theft and customer aggression aggravated by the cost of living crisis. "Unfortunately the data suggests it's continuing to occur," added Thomson, whose firm counts Coles and Woolworths as clients. Reports of store theft surged 23% in Australia's three largest states of New South Wales, Victoria and Queensland, home to three-quarters of the population, in the year to March 2023, according to the latest available government statistics, as COVID-related restrictions ended. Reports of threatening behaviour by shoppers rose to 17% of all security reports logged by Australian store staff in 2023, from 10% three years earlier, according to Auror data reviewed by Reuters.

Persons: Loren Elliott, Phil Thomson, Thomson, Coles, Leah Weckert, Weckert, Brad Banducci, Gerard Dwyer, Rishav Chatterjee, Byron Kaye, Praveen Menon, Christian Organizations: Coles, REUTERS, Woolworths, New, Reuters, National, of, Allied Employees Association, Thomson Locations: Sydney, Australia, New Zealand, Australia's, New South Wales, Victoria, Queensland, Bengaluru

☆ Vinícius Jr.: Barcelona board member writes then deletes derogatory social media post about Real Madrid star
▼ + stars: | 2023-10-26 | by ( George Ramsay | Patrick Sung | ) edition.cnn.com time to read: +4 min

CNN —FC Barcelona coach Xavi said that he hopes Saturday’s El Clásico can be played with “mutual admiration” after a board member at the club deleted a derogatory social media post about Real Madrid forward Vinícius Jr. Neither Real Madrid nor Vinícius have publicly commented on the tweet. Vinícius testified earlier this month in a Spanish court about a racist incident which took place in the Mestalla Stadium when Madrid played Valencia. Footage and pictures widely posted on social media show a man performing monkey gestures towards Vinícius during the match. CNN has contacted Real Madrid and Vinícius for comment.

Persons: Xavi, Saturday’s El, ”, Vinícius Jr, Miquel Camps, Vinícius, Camps, “, Real, Raphinha, Kevin Langley, We’ve, Saturday’s, Sevilla, Rafael Yuste, Movistar, Yuste, Rodrygo, Florentino Pérez Organizations: CNN — FC Barcelona, Real Madrid, Real Madrid’s Champions League, Sporting Braga, CNN, Los Blancos, Sevilla, Madrid, Valencia, Shakhtar Donetsk, La Liga, Real, Sevilla FC, ”, Shakhtar, Braga Locations: Barcelona, Real Madrid, Spain, Spanish, Arlington , Texas

☆ A 14-year-old won $25,000 for his simple solution to treat skin cancer. Just use soap.
▼ + stars: | 2023-10-26 | by ( Maiya Focht | ) www.businessinsider.com time to read: +3 min

He won $25,000 for his invention, which is a cost-effective way of treating skin cancer — with soap. Heman Bekele, 14, won $25,000 in 3M's 2023 Young Scientist Challenge, for inventing a bar of soap that could be used to treat skin cancer. Bekele's soap would work by activating the skin's natural immune response to fight skin cancer. 3MOne way doctors try to treat skin cancer is by ramping up our body's natural immune response against cancer cells. AdvertisementAdvertisementThis theory has been demonstrated by other skin cancer treatments, the most common of which is a topical cream that was originally made to treat genital warts.

Persons: Heman Bekele, 3M's, —, Bekele, ramping, There's Organizations: Service, 3M's Locations: Virginia

We're buying 200 shares of Coterra Energy (CTRA) at roughly $28 each. Following Thursday's trade, Jim Cramer's Charitable Trust will own 1950 shares of CTRA, increasing its weighting to about 2% from 1.83%. CTRA 1M mountain Coterra Energy 1-month Coterra Energy is an exploration and production company that is roughly split evenly between oil and natural gas . More importantly, the reason to own Meta stock has not changed as it has effectively leveraged AI to increase engagement on its platforms as well as monetization. An oil pumpjack pulls oil from the Permian Basin oil field in Odessa, Texas, on March 14, 2022.

Persons: Jim Cramer's, We've, Exxon Mobi, we've, BOE, Hess, Coterra, Mark Zuckerberg's, Jim Cramer, Jim, Joe Raedle Organizations: Coterra Energy, CTRA, Natural Resources, Exxon, Coterra, Chevron, Reality Labs, Meta, CNBC, Getty Locations: Odessa , Texas

☆ Japan's Denso to invest $3.3 billion to bulk up chips business
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsTOKYO, Oct 26 (Reuters) - Japanese automotive supplier Denso (6902.T) will invest about 500 billion yen ($3.3 billion) in semiconductors by 2030 as aims to triple the scale of its chips business by 2035 from current levels, the company's president said on Thursday. Thus, we will forge strategic partnerships with various companies," Denso President Shinnosuke Hayashi said at the Japan Mobility Show, which officially opened on Thursday. The company will hire new employees to specialise in electrification and software and also move staff from mature businesses to electrification and software, he said. ($1 = 150.1900 yen)Reporting by Daniel Leussink; Editing by David Dolan, Jamie Freed and Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Shinnosuke Hayashi, Daniel Leussink, David Dolan, Jamie Freed, Edwina Gibbs Organizations: REUTERS, Rights, Denso, Toyota, Taiwan Semiconductor Manufacturing, Sony, Japan, Thomson Locations: Japan

☆ 'They're running out of time': Ukraine's counteroffensive is gaining urgency as winter approaches
▼ + stars: | 2023-10-25 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +10 min

"Despite inflicting significant losses on Russian armed forces, Ukraine's four-and-a-half-month-old counteroffensive has not achieved major territorial gains nor managed to slice through Russia's 'land bridge' to Crimea," he added. "The hope is that they're far enough through the Russian defensive lines now ... to make some rapid progress. Russian forces had months to prepare layers of defenses including extensive networks of trenches; anti-tank obstacles such as ditches and "dragon's teeth"; and minefields. Russian forces are also receiving support from artillery, attack helicopters and other aircraft, again impeding Ukraine's forces. Minefields, in particular, have disrupted Ukraine's offensive momentum and rate of advance, according to analysts at the Center for Strategic and International Studies (CSIS).

Persons: Roman Pilipey, Tursa, Yevhen, they're, Michael Clarke, John Moore, they'll, Ukraine hasn't, Clarke, Orikhiv, They'll, that's, Seth Jones, Riley McCabe, Alexander Palmer, Ukraine's, Joe Biden, Volodymyr Zelenskyy, Kevin Lamarque Organizations: AFP, Getty, Russian, L119, Armed Forces, Anadolu Agency, Royal United Services Institute, CNBC, Ukraine's Defense Ministry, Ukraine, Planet Labs PBC, Handout, Reuters, Center for Strategic, International Studies, CSIS, Ukrainian, 35th Marine Brigade, Hamas Locations: Kostyantynivka, Donetsk, East, Ukraine, Russian, Russia, Luhansk, Crimean, Kherson, Central, Eastern Europe, Crimea, Marinka, Krasnohorivka, British, Bakhmut, Dnipro, Robotyne, Zaporizhzhia, Tokmak, Melitopol, Sevastopol, Moscow, Kyiv, Ukrainian, U.S, Israel

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