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☆ 'Absurdly cheap': Bottom-up investor names Japan sectors — and stocks — to invest in right now
▼ + stars: | 2024-10-30 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +5 min

Japanese markets have made steady gains so far this week — and one bottom-up investor sees potential for them to advance even further. "When we look at the valuations of a lot of companies, they look absurdly cheap," he added. Department stores Among the segments Kato is looking at favorably in Japan is department stores. His optimism on department stores is an interesting one, given that many have "not expanded for about 30 years." So overall, department stores look quite interesting," he added.

Persons: Mio Kato, Kato, Shigeru Ishiba's Organizations: LightStream Research, CNBC Pro, Nikkei, Tokyo Stock Exchange, Department, Holdings, U.S, Toyota Motor, Nissan, Honda, Toyota Locations: Japan, Southeast Asia, China, U.S

☆ Vietnam waits for major upgrade to its $200 billion stock market
▼ + stars: | 2024-10-28 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +1 min

Vietnam's long wait for emerging market status could soon be over. The Southeast Asian nation is currently classified as a frontier market and has been on the FTSE emerging market watchlist since 2018. An upgrade to emerging market status could see global funds pouring billions into Vietnam's financial market which currently has a market value just north of $200 billion. Speaking to CNBC's "Street Signs Asia" before the confirmation, Maybank Investment Bank Vietnam's Head of Equity Research Thanh Quan Trong said that the FTSE upgrade for Vietnam to emerging market status could come as early as September 2025. "We are seeing good progress in Vietnam fixing the regulatory bottlenecks to get the market upgraded to emerging market status," Trong told CNBC.

Persons: Equity Research Thanh Quan Trong, Pham Minh, Trong Organizations: FTSE, Russell, Maybank Investment, Vietnam's, Equity Research, FTSE Russell, CNBC, World Bank, Vietnam's Institute for Economic, Research Locations: Vietnam

☆ The Philippines is prone to extreme weather. But few expected Tropical Storm Trami to be this devastating
▼ + stars: | 2024-10-28 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +7 min

The Philippines is struck by multiple typhoons a year and Trami was not an especially strong storm when it made landfall, at least in terms of windspeed. Residents use a boat to recover items from their flooded homes as the storm inundated Libon town, Albay province, Philippines on Thursday October 24, 2024. A neighborhood in Talisay, Batangas province, Philippines was swept away by a landslide triggered by Tropical Storm Trami on October 26, 2024. Villagers gather to pay respects to family and friends who died after a landslide hit their homes triggered by Tropical Storm Trami, in Talisay, Batangas province on October 26, 2024. A man crosses a flooded rice field as Trami dumped heavy rains at Libon town, Albay province, Philippines on October 24, 2024.

Persons: Trami, Kristine, ” Garlan, Garland, “ We’re, ”, John Michael Magdasoc, Ferdinand Marcos, we’ll, ” Marcos, Aaron Favila, Hermilando Mandanas, Raynaldo Dejucos, –, “ I’m, ” Dejucos, Heinrich Sandrino, Sandrino, Marcos, Kong Rey, Gaemi, Typhoon Yagi Organizations: CNN, Trami, Residents, Typhoon Kong, PTV, AP, Kong Locations: Philippines, Bicol, Sorsogon, Bulan, Sorsogon –, Manila, Libon, Albay, Philippine, Batangas province, Trami, Talisay, Batangas, Typhoon, Leon, Bicol’s, Camarines Sur, China, Vietnam, Thua Thien Hue, Taiwan, Luzon, Southeast Asia

☆ Malaysia must avoid 'boom-bust' cycles to finally claim Asian Tiger status, central bank governor says
▼ + stars: | 2024-10-25 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +4 min

Abdul Rasheed Ghaffour, governor of Bank Negara Malaysia, during a news conference at Sasana Kijang Center, which houses Bank Negara Malaysia facilities, in Kuala Lumpur. Malaysia is working toward having the "the right ingredients" to finally claim "Asian Tiger" status, but must avoid the traps of widening inequality seen elsewhere. That's according to Abdul Rasheed Ghaffour, the governor of the central bank of Malaysia, who believes the southeast Asian country must avoid a "boom-bust cycle that has happened before." But it may be a case of better late than never, thanks to better-than-expected economic growth this year. Ghaffour said Malaysia is moving into producing logic chips — more advanced chips often know as the brains of electronic devices.

Persons: Abdul Rasheed Ghaffour, Ghaffour, Karen Tso, Donald Trump, Kamala Harris Organizations: Bank Negara Malaysia, Bank Negara, Washington , D.C, CNBC, Asian Tigers, Oxfam, Taiwan's, Budget, Accounting, Statistics, Tech, Intel, Economic, ASEAN, Republican, Democratic Locations: Bank, Bank Negara Malaysia, Kuala Lumpur, Malaysia, Hong Kong, Singapore, Taiwan, South Korea, Washington ,, Hong Kong's, Penang, European, U.S, Malaysian, Thailand, Indonesia .

☆ 'Made in Mexico' trade controversy is provoking another kind of border war
▼ + stars: | 2024-10-25 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +5 min

Sparking controversy is language within the USMCA that covers how a product gains the "Made in Mexico" designation from U.S. Customs. There is bipartisan concern about Mexico serving as a trade "back door" for Chinese exports to evade tariffs. Trump threats not slowing trade boom Trump has said he wants to renegotiate the USMCA deal he struck with the North America partners in 2020. Chinese manufacturing in Mexico will be a likely part of the trade renegotiation. Threats of additional tariffs are not slowing down trade with Mexico.

Persons: Donald Trump, Zekelman, San Luis Potisi, Jordan Dewart, Biden, Trump, Mary Lovely, Anthony Solomon, Dewart Organizations: U.S . Customs, Zekelman Industries, Bloomberg, Getty, Peterson Institute for International Economics, Trump, North America, Companies, DHL, Uber, Moody's Analytics Locations: United States, Mexico, Canada, U.S, North America, Republic of Mexico, Beach, Calif, Chicago, San Luis, Luis Potisi, Redwood Mexico, China, Mexican, El Paso, Laredo , Texas, East Asia

☆ If South Korea decides to get involved in Ukraine, it has powerful options
▼ + stars: | 2024-10-25 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

But South Korea remains wary of getting involved in the Ukraine war. GAVRIIL GRIGOROV via Getty ImagesSouth Korea hesitatesSignificant obstacles stand in the way of South Korea arming Ukraine, though. Chan said South Korea's President Yoon Suk-yeol was domestically unpopular and would encounter difficulties repealing the law via South Korea's center-left-dominated National Assembly. AdvertisementBut the escalating alliance between Russia and North Korea may soon reach a point where South Korea feels it needs to act. Because of Russia's increasing reliance on North Korea, Kim finds himself in a powerful position to negotiate sophisticated technology in return.

Persons: —, Yonhap, Jeremy Chan, Chan, Ellen Kim, Kim, Lloyd Austin, Kim Jong, Russia's Vladimir Putin, GAVRIIL GRIGOROV, Yoon Suk, yeol, Kim Jong Un, Joon Cho, Yoon, Sean McFate Organizations: Russia, Service, Security Council, South, Eurasia Group, Center for Strategic, International Studies, North, US, Getty Images, National, National Assembly, Kremlin, Georgetown University Locations: Korea, Ukraine, South Korea, North Korea, Russia, Seoul, Korean, China, Asia, Poland, Washington ,, Kyiv, Pyongyang, South Korea's, South, Moscow

☆ The power sector is 'transforming,' Morgan Stanley says, naming global stocks set to rise 40%
▼ + stars: | 2024-10-25 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

The electricity industry is transforming, according to Morgan Stanley, and multiple power producers, grid operators and utilities are set to benefit. "Global power markets have surprised on multiple fronts, and investors are navigating a new normal in the power value chain," they added. Morgan Stanley's analysts named three overweight-rated global stocks in the electricity sector which they give more than 40% potential upside. RWE RWE : Morgan Stanley notes that the German power giant, which generates and trades electricity, is exposed to "tight electricity markets rewarding flexibility + value creation in renewables in Europe & US." AES Corp. AES Corp.: Morgan Stanley highlighted the company's "expanding renewable portfolio" as a theme to watch.

Persons: Morgan Stanley, Morgan, RWE, — CNBC's Michael Bloom Organizations: Frankfurt Stock Exchange, American Depository, AES Corp, U.S, Global X FTSE, Asia, Malaysian Locations: Asia, Europe, U.S, Nasional Tenaga Nasional, Malaysian, Bursa Malaysia, Malaysia

☆ Breakfast with Ohtani: In Japan, watching this World Series may be the national pastime
▼ + stars: | 2024-10-25 | by ( Rustin Dodd | ) www.nytimes.com time to read: +14 min

At World Series Media Day on Thursday, no one was a bigger draw than Ohtani. Ninomiya, 59, grew up in the city of Oita, obsessing over books about Japanese baseball history. The comings and goings of Mamiko Tanaka and Ohtani are regular fodder for Japanese morning shows. In Japan, Ohtani is the face of countless advertising campaigns. Ohtani’s presence — along with starting pitcher Yoshinobu Yamamoto — could help the Japanese World Series audience approach those heights.

Persons: Shohei Ohtani, Tatsuo Shinke, Ohtani, Shinke, Emiko, ” Shinke, “, She’s, Katharine Lotze, Michael Jordan, David Beckham, doesn’t, ”, Robert Whiting, —, Rahm Emanuel, Chicago ”, Jordan, ” Emanuel, Whiting, Hideo Nomo, Ichiro Suzuki, Hideki Matsui, Nomo, Japan — Whiting, Suzuki, Yu Darvish, Tomoki Negishi, I’ve, ” Negishi, Masanori, Negishi, I’m, Chen Liang, Ninomiya, ” Ninomiya, ” Ohtani, Ippei Mizuhara, Mizuhara, It’s, Mamiko Tanaka, Stringer, Hiroshi Kitamura, William & Mary, Aaron, Judge, Fernando, Tatis, Ronald, Acuna, Foster Griffin, Griffin, ” Griffin, Ryan Yamazaki, Bobby Valentine, Yoshinobu Yamamoto —, Rob Manfred, “ Smart, ” Yamazaki, Shigeru Ishiba, Machiko Kondo, Kondo, Ichiro, ” Whiting, she’s, Andy McCullough, Sam Blum, Dan Goldfarb, Jayne Kamin Organizations: Mint, Major League Baseball, Los Angeles Dodgers, Ohtani’s Dodgers, New York Yankees, Los Angeles Angels, Dodgers, Padres, National League, Nikkei, Yankees, Asahi Shimbun, Japan’s Pacific League, Ninomiya, UCLA, NHK, Hokkaido, Ham Fighters, Angels, MLB, Pacific, William &, Kansas City Royals, Yomiuri Giants, Mets, Chiba Lotte Marines, Baseball, WBC, Chicago Cubs, San Diego Padres, Athletic, Fuji, United Nations Locations: Japan, Tokyo, Ohtani, United States, America, American, U.S, Chicago, —, Ōta, Oita, ”, Hokkaido Nippon, Osaka, Fukuoka, Sapporo, South Korea

☆ This man left the US to visit Japan for six months. 32 years later, he’s still there
▼ + stars: | 2024-10-24 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +13 min

“I didn’t know anything about Japan,” Prucha tells CNN Travel via Zoom. He left San Francisco and set off for Japan the following year, bringing very little with him. “I’ve always loved craft beer,” he says. “And when I saw Japan was starting to take baby steps towards embracing craft beer. Courtesy Dave PruchaWhile he loves his life in Japan, Prucha admits that there are some things about the US that he still craves.

Persons: Dave Prucha, he’d, ” Prucha, Prucha, “, ’ ”, ”, “ I’ve, he’d “, I’ll, Dave, you’re, Dave Prucha “, I’ve, ” “, –, ‘ It’s, “ We’re, they’re, it’s Organizations: CNN, San Francisco State University, Kyodo, “, Obina, Japan Locations: Japan, California, American, Tokyo, San Francisco, Yamanashi Prefecture, ”, Japan’s Yamanashi Prefecture, China, Yamanashi

☆ Chinese smartphone maker Oppo doubles down on AI, says in regular talks with Google and Microsoft
▼ + stars: | 2024-10-24 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Chinese smartphone company Oppo ranks second in mainland China, and fourth worldwide, according to Canalys. Nurphoto | Nurphoto | Getty ImagesBEIJING — Chinese smartphone company Oppo is doubling down on artificial intelligence as it holds weekly talks about AI with senior management at Google and Microsoft in the run-up to the launch of its flagship phone overseas. The rise of generative AI — tech that can produce human-like responses when prompted — has companies from Apple to Honeywell rushing to tap its capabilities. AI smartphones set for growthOppo in June announced it plans to integrate generative AI in 50 million of its devices this year. Apple next week is due to publicly release its first software update with AI tools.

Persons: —, Billy Zhang, Zhang, Xiaomi, Oppo Organizations: Nurphoto, Getty, Google, Microsoft, Apple, Honeywell, CNBC, Samsung, Tech Locations: China, BEIJING, Shenzhen, Europe, Southeast Asia, U.S

☆ First-ever dinosaur fossils discovered in Hong Kong
▼ + stars: | 2024-10-24 | by ( Karina Tsui | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Dinosaur fossils have been discovered for the first time in Hong Kong, on a remote island in the financial capital’s countryside. Hong Kong’s Secretary of Development Bernadette Linn said that “the discovery is of great significance and provides new evidence for research on palaeoecology in Hong Kong,” the statement read. The dinosaur fossils will also be on public display at Hong Kong’s Heritage Discovery Centre from Friday onwards. Hong Kong's Antiquities and Monu/APExperts in paleontology say the landmark discovery is a big deal for Hong Kong, a city with a complex geological history and ever-changing weather patterns. The only “dinosaur-era things” Hong Kong has found so far are plants and fish, he said.

Persons: Bernadette Linn, ” Michael Pittman, Chinese University of Hong Kong, Pittman, ” Pittman Organizations: Hong Kong CNN, Hong Kong’s Agriculture, Fisheries, Conservation Department, Kong’s, Hong Kong’s, Hong Kong’s UNESCO Global, Hong Kong’s Heritage Discovery, Vertebrate Paleontology, Chinese Academy of Sciences, Kong's, AP, Chinese University of Hong, CNN Locations: Hong Kong, Port Island, Port, Hong Kong’s UNESCO, Hong Kong's Port Island, China, Yunnan, Jiangxi province, East Asia

☆ This luxury train ride around the world lasts 59 days, visits 12 countries and costs over $125,000
▼ + stars: | 2024-10-24 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

If traveling around the world by train sounds enticing and you've got several thousand dollars to spare, this latest adventure might be the one for you. High-end travel agent Railbookers recently announced its second "Around the World by Luxury Train." The 59-day itinerary will include riding several luxury trains through four continents, 12 countries and over 20 cities. "Our 2025 Around the World by Luxury Rail itinerary has been refined and tailored to maximize our guests' time and experiences while enjoying the culture, cuisine, and activities that each of these renowned destinations have to offer." Venice Simplon-Orient Express Vw Pics | Universal Images Group | Getty Images

Persons: you've, Railbookers, Italy's, Frank Marini, Euronews Organizations: Mountaineer, Vita Orient, Orient Express, Oriental Express, Luxury Rail, Orient, Getty Locations: Venice

☆ Russia's friendship with North Korea may have backfired
▼ + stars: | 2024-10-22 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Kim Jong Un and Vladimir Putin share a toast at a banquet table North Korean State MediaRussia's dangerous new allianceFor decades, South Korea has been in an uneasy standoff with its isolated and authoritarian neighbor, North Korea. AdvertisementRussia formed a new military alliance with North Korea to secure badly needed ammunition from North Korean stockpiles for its faltering campaign in Ukraine. South Korea is increasingly concerned about the technological capabilities and security guarantees North Korea has likely gained from Russia in return. Russia, previously a backer of sanctions designed to curtail North Korea's nuclear program, is now helping North Korea evade them. South Korea says it could arm UkraineIn response to Russia's strengthened relationship with North Korea, South Korea is threatening to arm Ukraine in its battle against the Russian invasion.

Persons: —, Georgiy Zinoviev, Yoon Suk, Zinoviev, Dmitry Peskov, Kim Jong Un, Vladimir Putin, Ellen Kim, Russia's, Joe Biden, Kim Hong Kyun Organizations: Kremlin, Service, Russia, Korean, Korean State Media, Bloomberg, Center for Strategic, International Studies, ROK, South Korea's National Security Council, South, New York Times, Korea's Locations: Korea, North, Russia, Ukraine, North Korea, South Korea, US, Seoul, Asia, East Asia, Moscow, Russian, It's, South

☆ The US can 'ill afford' another war now its rivals are teaming up so well, US general says
▼ + stars: | 2024-10-21 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

The US can "ill afford" another war if conflict breaks out in East Asia, Gen. Charles Flynn warned. From the Middle East to Russia, authoritarian regimes are challenging US power. AdvertisementThe US Army's outgoing top commander in the Pacific region has warned that the US can "ill afford" another war because its military is vastly overstretched. "There's a limited regional war going on in the Middle East. We can ill afford another limited regional war in Asia.

Persons: Charles Flynn, —, North Korea —, Flynn, Russia's, Kim Jong, Russia's Vladimir Putin, GAVRIIL GRIGOROV, Kathryn Levantovscaia, Stephen Sklenka, haven't, Raphael Cohen Organizations: Service, Defense, —, Washington DC, North, Bloomberg, Observatory, Getty, Forward Defense, Atlantic Council, NATO, Sydney Morning Herald, RAND Corporation, Stockholm International Peace Research Institute Locations: East Asia, East, Russia, — Russia, China, Iran, North Korea, Taiwan, Europe, Asia, Ukraine, Pyongyang, United States, Stockholm

☆ A retired Florida cop moved to Thailand with his wife and dog. He says his new life is cheaper, safer, and less stressful.
▼ + stars: | 2024-10-21 | by ( Amanda Goh | ) www.businessinsider.com time to read: +11 min

A month after retiring from his 26-year career in law enforcement, Fred Jones moved from Florida to Thailand. Fred Jones and his wife left Florida and moved to Chiang Mai, Thailand, last year. Fred Jones. Fred Jones. Fred Jones.

Persons: Fred Jones, Chiang Mai, —, " Jones, Chiang, Jones, familiarizing, They've, aren't, Johnny Ward, James Bond, John Walker, he's, you've Organizations: Service, Facebook, Google, Florida —, Registration Administration Locations: Florida, Thailand, Chiang Mai, Ecuador, Vietnam, Southeast Asia, Lake County , Florida, Bangkok, Thai, Doi Saket, Chiang Mai province, Italian, France , New Zealand, America, United States, Chiang, Asia

☆ Younger Asian American women had the second-lowest breast cancer rate. Why they’re now tied for No. 1.
▼ + stars: | 2024-10-20 | by ( Claire Wang | ) www.nbcnews.com time to read: +7 min

Four months later, she was diagnosed with triple-negative breast cancer, one of the most aggressive forms of the disease. AAPI women in this age cohort had the second-lowest rate of breast cancer among all racial groups in 2000. “Breast cancer is still more common the older we get, but it’s alarming to see younger women being diagnosed,” said Dr. Helen Chew, director of the clinical breast cancer program at UC Davis Health. Korean, Chinese, Filipina and South Asian American women face the highest risk of breast cancer. Disaggregating data is key to understanding what’s driving the rapid rise in breast cancer among Asian women, Chew said.

Persons: Chi Huang, Huang, ”, Helen Chew, Scarlett Lin Gomez, who’s, ” Gomez, Gomez, Chew, ” Chew, Xers, it’s, “ Organizations: American, Pacific, American Cancer Society, UC Davis Health, University of California, “, South, Filipina, Indians, Pacific Islanders, UCSF Locations: Asia, San Francisco, U.S, Southeast

But Widodo appointed Subianto as defense chief after his reelection, paving the way for an alliance despite their rival political parties. Backed by Widodo, Subianto swept to a landslide victory in February’s direct presidential election on promises of policy continuity. Subianto was sworn in with his new vice president, 37-year-old Surakarta ex-Mayor Gibran Rakabuming Raka. Leaders and senior officials from more than 30 countries flew in to attend the ceremony, including Chinese Vice President Han Zheng and leaders of Southeast Asia countries. Indonesia is a bastion of democracy in Southeast Asia, a diverse and economically bustling region of authoritarian governments, police states and nascent democracies.

Persons: Prabowo Subianto, Subianto, Prabowo, Gibran, ”, Atalaric Eka, “, Joko Widodo, Widodo, Gibran Rakabuming Raka, Raka, don’t, Jordanian King Abdullah II bin Al, Hussein, Nancy Namrouqa, Abdullah, Han Zheng, Joe Biden, Linda Thomas, Greenfield, Adm, Samuel Paparo, ” Subianto, Suharto Organizations: Widodo, Southeast Asia —, Foreign, U.S, United Nations, Pacific Command, American, Army Locations: JAKARTA, Indonesia, Jakarta, Surakarta, Southeast Asia, Jordan, Jordanian, Amman, Gaza, Subianto, Asia, United States, China, U.S, Australia, Indonesian, Borneo

Matthew is serving a 7-year prison sentence in Singapore's Changi Prison for trafficking meth. Officials from the Singapore Prison Service say they encourage guards to think of themselves as “Captains of Life,” helping rehabilitate the prison population. Officials did not allow CNN to visit Institution A1, where more than 40 death row inmates await the same fate. Before each execution, authorities organize a professional photo shoot in which inmates trade their prison uniforms for civilian clothes. Hong Kong’s population is around 25% larger than Singapore’s, and it does not impose the death penalty for drug offenses.

Persons: Matthew, “, ”, Tom Booth, ” Shanmugam, Shanmugam, Rebecca Wright, ” Matthew, Steve Jobs, Nelson Mandela, Reuben Leong, –, Halinda binte Ismail, Halinda, Muhammed Izwan bin, ” Halinda, ’, Kirsten Han, Nazira, you’ve Organizations: Singapore CNN —, CNN, Changi, Singapore, Singapore’s, Home Affairs and Law, Visitors, Action Party, Home Affairs Ministry, Home Affairs, CNN Singapore, United Nations Office, Drugs, CNN Authorities, Singapore Prison Service Locations: Singapore, Canada, Portugal, Iran, North Korea, Saudi Arabia, Asia, Thailand, Laos, Myanmar, Scandinavian, mealtimes, United States, Australia, European, Hong Kong, British, –

☆ Here's what Wall Street money managers are doing to prepare their portfolios for their 3 biggest election concerns
▼ + stars: | 2024-10-18 | by ( Christine Ji | ) www.businessinsider.com time to read: +6 min

As election day draws near, 400 Wall Street money managers identified their top concerns. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Policy initiatives could have a significant impact on the economy, especially on issues concerning inflation, the housing market, employment, and international trade. Investors can benefit from both parties: Republicans would likely pass investor-friendly tax and energy policy, while Democrats would pass more favorable US-China and trade policy. AdvertisementHere's what Wall Street is worried about this election cycle and how top money managers are preparing their portfolios for November.

Persons: —, Kamala Harris, Donald Trump, PGIM, Wall, Kara Murphy, –, isn't, Murphy, Trump, Harris, we've Organizations: Service, Republican, White House, Congress, Investors, Kestra Investment Management, Social Security, Biden, Research, Senate, Democrat Locations: China, Latin America, Southeast Asia, deglobalization

☆ In the twilight of his term, Biden greets global audience weary of war and wary of US politics
▼ + stars: | 2024-10-17 | by ( Kayla Tausche | ) edition.cnn.com time to read: +7 min

“I think it would be a big mistake to underestimate the president,” Scholz told PBS ahead of NATO’s 50th anniversary summit in Washington. Biden has instead opted for “minilateralism,” what foreign policy experts have come to term his strategy for dealing with smaller coalitions of like-minded nations. “Ironically, it is precisely Biden’s caution that has encouraged continued Russian, Chinese, North Korean, and Iranian misbehavior,” Kempe writes. According to Pew Research Center polling on views of Biden across 34 countries, 63% of German respondents expressed confidence in Biden. In Poland – another country where aides have considered having Biden visit to tout Ukraine support – 70% of respondents express confidence in Biden.

Persons: Joe Biden’s, he’s, Olaf Scholz, Scholz, “, ” Scholz, Biden, Frank, Walter Steinmeier, Hurricane Milton, Volodymyr Zelensky, Fred Kempe, Biden didn’t, ” Kempe, Biden’s, ”, Richard Wike, Trump, Ukraine that’s, Zelensky, Barack Obama, Alexis Tsipras, Obama, ’ ” Obama Organizations: CNN, American, Hurricane, Biden, Russia, China, Atlantic Council, Pew Research, –, Global, Research, Trump, Greek Locations: Russia, Ukraine, NATO’s, Washington, Berlin, France, Germany, Israel, United Kingdom, Ukrainian, East, Iran, United States, Africa, Asia, North Korean, Poland, Kenya, Philippines, Greece, Athens

☆ Thai central bank unexpectedly cuts key rate by 25 basis points
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: +1 min

Growing political pressure aside, Thailand's weak economy adds to the case for the central bank to cut interest rates sooner rather than later, according to money managers. Thailand's central bank unexpectedly cut its key interest rate at a policy review on Wednesday, a move long called for by the government as needed to revive a sluggish economy with inflation below target. The Bank of Thailand's monetary policy committee voted 5 to 2 to reduce the one-day repurchase rate by 25 basis points to 2.25%, after the rate had been a decade-high of 2.50% since September 2023. The previous change in policy was a 25 basis point rate rise in September last year. The World Bank has forecast the economy will grow 2.4% this year and 3.0% next year.

Organizations: Bank

A Russian man has been rescued in the stormy Sea of Okhotsk after surviving for more than two months in a tiny inflatable boat that lost its engine, but his brother and nephew were dead, officials said on Tuesday. The prosecutor’s office in the far east of Russia said the man was rescued by a fishing vessel off the Kamchatka Peninsula on Monday. Their bodies were reportedly found in the boat when the Angel fishing vessel rescued Pichugin. Media reports said the three men had travelled to the Shantar Islands, off the north-western shore of the Sea of Okhotsk. The man was saved by Russian rescuers after drifting for 67 days in the Sea of Okhotsk.

Persons: Mikhail Pichugin, ”, Prosecutors Organizations: Transport Prosecutor's, Reuters, Komsomolskaya Pravda Locations: Okhotsk, Russia, Sakhalin, 110lbs, East Asia

☆ Russian man rescued alive after almost 10 weeks adrift in sea off Siberian coast
▼ + stars: | 2024-10-15 | by ( Lauren Kent | Anna Chernova | ) edition.cnn.com time to read: +2 min

CNN —A Russian man has been rescued after 67 days adrift on a small boat in the bitterly cold Sea of Okhotsk, Russian authorities said Tuesday. The man’s brother and his teenage son died in the ordeal, according to Russian state media RIA Novosti, who named the survivor as 46-year-old Mikhail Pichugin. The rescued man’s wife told Russian state media that his weight could have played a role in his survival, given he weighed about 220lbs (100 kg). She told RIA that Pichugin and his late brother and nephew had enough food to last for about two weeks. He is “in serious condition, emaciated, but conscious,” the director of the fishing company that stumbled upon the adrift boat told RIA.

Persons: Mikhail Pichugin, “, ”, Elena Krasnoyarova, Prosecutors, Pichugin Organizations: CNN, Novosti Locations: Okhotsk, Siberia, Kamchatka, East Asia, Ust, Russian, Magadan, Russia’s

☆ Deepfake romance scam raked in $46 million from men across Asia, police say
▼ + stars: | 2024-10-15 | by ( Jessie Yeung | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —She appeared to be a beautiful woman and in the minds of men across Asia, the video calls they spoke on confirmed their newfound love was real. But Hong Kong police say the men had fallen prey to a romance scam that used deepfake artificial intelligence to lure its victims into parting with more than $46 million. In a news conference Monday, police in the Asian financial hub announced the arrests of more than two dozen members of the alleged scam ring, which they say targeted men from Taiwan to Singapore and as far away as India. But increasingly realistic deepfake technology has raised the stakes and put authorities on high alert. According to Hong Kong police, the romance gang’s deepfake scam typically began with a text message, in which the sender – posing as an attractive woman – said they had mistakenly added the wrong number.

Persons: Hong Kong CNN —, “, –, scammers, ” Organizations: Hong Kong CNN, Hong, Police, Facebook Locations: Hong Kong, Asia, Taiwan, Singapore, India, Southeast Asia, British

☆ Ericsson shares jump 7% on third-quarter beat, growth in North America sales
▼ + stars: | 2024-10-15 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Shares of Swedish telecom firm Ericsson jumped amid third-quarter core earnings that surpassed analyst expectations and growth in North American demand. Net sales shed 4% year-on-year to 61.8 billion Swedish crowns in the third quarter, but nevertheless surpassed analyst expectations of near 61.6 billion, according to Reuters estimates. North America emerged as a bright spot in the sales picture, with year-on-year growth of more than 50%. "North America was the first to roll out 5G, and of course they were also the first to therefore slow down the pace. The North American growth offset steep third-quarter sales declines in both north east and south east Asia, where telecommunication companies have recently been focusing on developing markets such as India.

Persons: Börje Ekholm, CNBC's, Ekholm Organizations: Ericsson, Reuters, Nokia, AT, 5G, UBS Locations: North, London, America, U.S, ORAN, Asia, India, China, Sweden

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