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☆ Morning Bid: Mind the gap
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +3 min

The IMF cited "surprisingly resilient" demand in the United States and Europe, easing of energy costs and the reopening of China's economy. Still, it would be wise for investors to be mindful of a gap between expectations and reality. Flash GDP numbers are due from the euro zone, along with growth data for France and Italy. The Bank of England is set to raise rates by 50 bps to 4.0%, respectively. Money market bets show that the U.S. Federal Reserve is set to raise its policy rate by 25 basis points to 4.50%-4.75% on Wednesday.

☆ Morning Bid: 'Soft landing' or 'no landing'?
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +5 min

As U.S. Federal Reserve's Federal Open Market Committee kicks off its two-day policymaking meeting, the economic news from around the world brightened considerably. China's economic activity swung back to growth in January after three months of contraction, according to official business surveys released on Tuesday. The euro zone economy confounded forecasts for a quarterly contraction of gross domestic product in the final three months of 2022. Eurostat estimated GDP in the bloc rose 0.1% in Q4 despite consensus expectations for a fall of 0.1%. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Morning Bid: Chipped
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +5 min

A surge of 'soft landing' hopes for the U.S. economy on Thursday got sideswiped overnight after a dire industry readout from chipmaking giant Intel decimated its stock price after the bell. "We expect some of the largest inventory corrections literally that we've ever seen in the industry," he told Reuters later. Annual 'core' PCE inflation is expected to have slowed to 4.4% last month, the lowest in more than a year, from 4.7% in November. U.S. bonds of Adani firms also fell after Hindenburg Research flagged concerns in a Jan. 24 report about debt levels and the use of tax havens. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Tokyo Jan core CPI rises 4.3% yr/yr -government
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: 1 min

TOKYO, Jan 27 (Reuters) - Core consumer prices in Japan's capital, Tokyo, rose 4.3% in January from a year earlier, government data showed on Friday. The increase compared with a median market forecast for a 4.2% gain. Reporting by Takahiko Wada; writing by Leika Kihara; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ Davos: India flexes its muscle as China's star fades
▼ + stars: | 2023-01-19 | by ( Julia Horowitz | ) edition.cnn.com time to read: +7 min

In 2023, as global recession fears persist, the country is expected to log the best performance of any major economy. An Invest India banner hanging from a building ahead of the World Economic Forum in Davos, Switzerland, on Monday, Jan. 16. India is also due to displace its powerful neighbor as the world’s most populous country this year. They’re a substantial asset — if India’s economy can create enough jobs. “The world needs resilience,” Tata Sons Chairman Natarajan Chandrasekaran told a Davos panel.

☆ Morning Bid: Money in the bank
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +5 min

Kicking off the fourth-quarter corporate results season in earnest, JPMorgan, Citigroup, Bank of America, Bank of New York Mellon and Wells Fargo are among the countries biggest banks updating on Friday. It will take some twist to puncture the optimism on peak inflation and peak Federal Reserve interest rates, however. Futures markets still see rates topping out below 5% by midyear and pencil in a half point of rate cuts between then and yearend. The yen surged on speculation the Bank of Japan could revise its ultra-loose monetary policy again at next week's policy meeting. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Volkswagen expects difficult 2023 for financial services unit
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

Dec 8 (Reuters) - Volkswagen (VOWG_p.DE) expects a difficult 2023 for its financial services unit on the back of economic downturn, higher energy prices and rising interest rates. "We see that people are more cautious due to recession expectations, and we are not selling so many cars," said Frank Fiedler, chief financial officer of Volkswagen Financial Services, in Braunschweig on Wednesday evening. The financial unit is still benefiting from high prices for used cars and lower costs for credit and residual value risks in the current year. Operating profit should be in a range of between 5 billion and 5.5 billion euros, Fiedler said. That compares with a previous forecast of about 5 billion euros, and operating profit of 5.7 billion euros in 2021.

☆ Prague Christmas market returns after COVID but with fewer lights
▼ + stars: | 2022-11-27 | by ( ) www.reuters.com time to read: +1 min

[1/3] A Christmas tree is illuminated as the traditional Christmas market opens at the Old Town Square in Prague, Czech Republic, November 26, 2022. REUTERS/David W CernyPRAGUE, Nov 27 (Reuters) - Thousands of people poured into Prague's medieval Old Town Square at the weekend for the lighting of a 25-metre (80-foot) Christmas tree and the reopening of the annual market after a two-year COVID-19 shutdown, but the energy crisis meant fewer lights than usual. The city has decided to not turn the lights on all day long as in the past but only from 4 p.m. until midnight. "We don't want to take away from people the festive atmosphere of Christmas and New Year ... but we are aware that energy should not be wasted." Reporting by Jiri Skacel Writing by Jan Lopatka; Editing by Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

☆ Volkswagen's $2 bln Trinity electric vehicle plant in doubt
▼ + stars: | 2022-11-17 | by ( Jan Schwartz | ) www.reuters.com time to read: +2 min

Volkswagen, the world's second-biggest carmaker, had planned to officially start production of its flagship electric sedan at the new factory in 2026. Manager Magazine reported that Blume wanted to delay this until 2030. The SSP model platform planned for the whole group will probably no longer be launched with the Trinity plant as originally planned, the magazine reported. It was too early for concrete statements as Volkswagen wants to decide on its revised investment plans in February, the source told Reuters. Volkwagen's supervisory board in March approved 2 billion euros ($2.07 billion) for the new Trinity factory, with construction due to start in spring 2023.

☆ Continental: Some data stolen in August cyberattack
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: 1 min

BERLIN, Nov 7 (Reuters) - German tyre and automotive parts maker Continental said on Monday that a cyberattack it reported in August had resulted in some data being stolen from the company. The investigation into the incident is still ongoing, said a spokesperson for the company in a statement. German daily Handelsblatt earlier on Monday reported that 40 terabyte of data had been stolen during the attack, and that the cyberattackers had demanded ransom. Reporting by Jan C. Schwartz, Writing by Miranda Murray, Editing by Maria SheahanOur Standards: The Thomson Reuters Trust Principles.

The prosecutor assigned to investigate the killing of gay Puerto Rican rapper Kevin Fret in 2019 said this week that she was instructed to stop her probe and was never given an explanation. Betzaida Quiñones Rodríguez made the allegations in multiple local media outlets in Puerto Rico. She said the investigation was shut down just three months after Fret's death by order of Olga Castellón, who was the chief prosecutor at the Puerto Rico Justice Department at the time. Vázquez was Puerto Rico’s secretary of justice from 2017 to 2019, but later became the governor of Puerto Rico after embattled Gov. Quiñones Rodríguez is still the prosecutor in charge of investigating Fret's death as of Friday.

☆ The software used in bitcoin mining is getting its first big makeover in more than a decade — here's what's changing
▼ + stars: | 2022-10-11 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +5 min

Bitcoin operates on a proof-of-work mining model, meaning that miners around the world run high-powered computers to create new bitcoin and validate transactions. Lee says that Stratum V2 supports a proxy that aggregates all the connections and only establishes one connection with the pool. To resolve this, Lee says Stratum V2 introduces a standard security mechanism with authentication and encryption between miners and pools. There are orders of magnitude more miners than pools, so if miners select transactions it is far more decentralized than just a handful of pools, Lee explained. Similar to the Lightning Network, which is a technology built on top of bitcoin's base layer to make payments more efficient, there will be different implementations of Stratum V2.

☆ Nord Stream gas 'sabotage': who's being blamed and why?
▼ + stars: | 2022-09-30 | by ( Joanna Plucinska | ) www.reuters.com time to read: +6 min

Russia's foreign ministry said on Thursday it was "unthinkable" that an investigation into ruptures on the Nord Stream 1 and 2 gas pipelines would proceed without Moscow's participation. President Vladimir Putin said on Friday the United States and its allies blew up Nord Stream. U.S. President Joe Biden said on Friday damage to Nord Stream was a deliberate act of sabotage. Map of Nord Stream pipelines and locations of reported leaksWHY SABOTAGE A PIPELINE? "They already succeeded in stopping Nord Stream 2.

☆ Hong Kong Covid: Airlines race to add flights to the city, reviving hopes for its recovery as an aviation hub
▼ + stars: | 2022-09-26 | by ( Michelle Toh | ) edition.cnn.com time to read: +6 min

Hong Kong CNN Business —International airlines are scrambling to add more flights to Hong Kong as the city ends two and a half years of quarantine measures, leading to a surge in demand for travel. “As Hong Kong’s home airline, we are fully committed to rebuilding the connectivity of the Hong Kong aviation hub,” it said in a statement. This will absolutely increase the demand for travel to and from Hong Kong,” Christoph Meyer, Lufthansa’s general manager of sales for Hong Kong, Macao and South China, said in a statement. International Air Transport Association Director General Willie Walsh said last week that China’s zero-Covid policy had “devastated” Hong Kong. Friday’s news puts Hong Kong back on “the right track,” said Dr. Kam Hung Ng, assistant professor of aviation engineering at the Hong Kong Polytechnic University.

Over 2,500 people lined up to offer condolences to Queen Elizabeth II outside the British consulate in Hong Kong on September 12, 2022. It originally defined sedition as speech that brought “hatred or contempt” against the Queen, her heirs, or the Hong Kong government. The colonial flag of Hong Kong and images of Queen Elizabeth are placed outside the British Consulate in Hong Kong on September 12. “I feel angry that the Hong Kong government is not showing any respect properly (to the Queen). Since the introduction of the national security law, Britain has created what it calls a path to citizenship via a new type of visa.

☆ Ziua Internațională a Studentului. Cum a apărut sărbătoarea și când a fost marcată pentru prima dată
▼ + stars: | 2020-11-17 | by ( Onixmedia Srl | ) diez.md time to read: +3 min

Ziua de 17 noiembrie a fost declarată oficial Ziua internaţională a studenţilor în anul 1941 de către Consiliul Internaţional al Studenţilor pentru a comemora evenimentele din 1939, desfăşurate la Praga. În 1939, ocupanţii nazişti din Cehoslovacia au suprimat, la Praga, o demonstraţie a studenţilor de la Facultatea de Medicină din cadrul Universităţii Caroline, ce marca momentul creării unei Republici Cehoslovace independente. Ziua internaţională a studenţilor este marcată, în prezent, în ţări precum Grecia, Republica Cehă şi Slovacia. „Un moment de cotitură în mişcarea pentru drepturile studenţilor a fost adoptarea de către Uniunea Europeană a Studenţilor a Cartei Drepturilor Studenţilor europeni, ca document de referinţă vis-a-vis de drepturile pe care le au toţi studenţii din Europa. Potrivit site-ului citat, ANOSR doreşte să reînvie spiritul purtat de studenţii de atunci; să acorde importanţa cuvenită zilei de 17 noiembrie.

Persons: Josef Matoušek, Jaroslav, Jan Weinert, Josef Adamec, Jan Černý, Marek Frauwirt, Václav Šafránek, František Skorkovský, Manifestaţia, ANOSR Organizations: Consiliul, Uniunea Europeană Locations: desfăşurate, Praga, Cehoslovacia, Universităţii Caroline, Londra, România, Grecia, Republica Cehă, Slovacia, Atena, Politehnicii, Europa, Bucureşti

☆ How the $36 billion vitamin industry tricked a generation of adults into believing sugary gummies were the ticket to good health
▼ + stars: | 2020-10-07 | by ( Rachel Premack | ) www.businessinsider.com time to read: +21 min

But some consumer advocates and doctors worry that those supplements don't have as many benefits as people think. "Our gummy vitamins have been on fire," CEO Matt Farrell told investors in a July earnings call. He said that Hero Nutritionals, founded in 1995, created the first gummy vitamin for the American market. A Perrigo representative said it no longer manufactured gummy vitamins, and it did not respond to further inquiries.) But the doctor had something to admit: He takes a gummy vitamin every day.

Persons: Robert Shmerling's, who's, they're, It's, Shmerling, Chuck Bell, Charlene Elliot, Zers, sassily, you'll, Gummy, Kim Kardashian's Instagram, Matt Farrell, Andrew Stablein, it's, Hollis Johnson, Ingrid Sorensen, Sorensen, Libby Mindarino, Mindarino, Peter Waitzman, I'm, John Troup, Troup, Nutritionals, Jennifer Hodges, Hero, America's, Hodges, Bernd Settnik, Lil, gummies, Perrigo, Olly, SmartyPants, Dwight, University of Calgary's Elliot, Millennials, Gen Zers, Elliot, Lunchables, Courtney Nichols Gould, Kim Kardashian, Kylie Jenner, @sugarbearhair, Kylie 🤍, ike, alo, ike J ames Organizations: Harvard Medical School, Consumer, University of Calgary, Brands, Netflix, Big Tech, Walmart, Target, Business, Nutrition Business, . Church, Consumers, Bayer, Companies, New York Times, pharma, Consumer Healthcare Products Association, Sweet, Getty, Centers for Disease Control, Perrigo, Church, University of Calgary's Locations: Boston, America, gummy, Atlanta, Ireland, Dwight, Patagonia, osh

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