DIRS.INFO The most relevant business & tech news

☆ Insider Today: Asia's superpower clash
▼ + stars: | 2024-06-09 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

The latest to get in on the act: Tesla, which is selling a $450 bottle of mezcal on its website. The election result was a blow to Modi, who has governed India for a decade with an increasingly firm grip. India watchers expect the country's new government to move slower on some issues following the surprise election result. NvidiaGoing up against Nvidia is generally considered a pretty bad idea for startups in Silicon Valley. But Silicon Valley often thrives when true technologists keep hacking away at something they believe in, even if everyone else thinks it's dumb.

Persons: —, Narendra Modi, SAJJAD HUSSAIN, Modi, He'll, Jamie Dimon, Dominic Bugatto, Alyssa Powell, hawking, Goldman Sachs, Goldman, HWA CHENG, Chelsea Jia Organizations: Service, Business, Bharatiya Janata Party's, Bharatiya Janata Party, titans, UN Security Council, Southern, Southern District of, Goldman, BI, HWA, Getty Images, Nvidia Locations: India, New Delhi, China, Southern District, Southern District of Texas, Salt Lake City, Nashville, Atlanta, AFP, Silicon Valley

☆ Europe’s center ground is shifting further to the right
▼ + stars: | 2024-06-09 | by ( Luke Mcgee | ) edition.cnn.com time to read: +6 min

And while the far right is on course to make large gains, the center parties remain ahead. For those on the center right, domestic political shifts to the hard right could make working with the hard right increasingly attractive at a European level. The deadline for this is months away, which leaves a lot of time for horse-trading, which could see elements of the center right and hard right cooperate. It’s not implausible that the center right could vote with the left on issues like support for Ukraine, but then work with the hard right on immigration and climate policy. That was the result of years of domestic politics shifting in the UK, the center right shifting to fend off the hard right, ultimately leading to that rupture.

Persons: –, it’s, It’s, Emmanuel Macron, Pen, Macron, Brothers, Benito Mussolini, Ursula von der Leyen, she’s Organizations: CNN, European Union, EU, European People’s Party, Socialists, Democrats, Europe Greens, Conservative Reformers, European Locations: Europe, Ukraine, Brussels, Netherlands, France, Italy, EU

☆ Modi is sworn in for a rare third term as India’s prime minister
▼ + stars: | 2024-06-09 | by ( ) www.cnbc.com time to read: +3 min

Indian Prime Minister Narendra Modi gestures as he arrives at Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. NEW DELHI — Narendra Modi was sworn in Sunday for a rare third consecutive term as India's prime minister, relying on his coalition partners after his party failed to win a parliamentary majority in a surprise outcome. The 73-year-old popular but polarizing leader is only the second Indian prime minister after Jawaharlal Nehru to retain power for a third five-year term. An avowed Hindu nationalist, the prime minister is considered a champion of the country's Hindu majority, who make up 80% of India's 1.4 billion population. Several South Asian leaders attended the swearing-in ceremony Sunday, including Bangladesh Prime Minister Sheikh Hasina, Sri Lankan President Ranil Wickremesinghe, Nepalese Prime Minister Pushpa Kamal Dahal and Maldives President Mohamed Muizzu.

Persons: Narendra Modi, Modi, Droupadi Murmu, Jawaharlal Nehru, he's, Sheikh Hasina, Ranil Wickremesinghe, Pushpa Kamal Dahal, Mohamed Muizzu, Muizzu Organizations: Indian, Bharatiya Janata Party, BJP, NEW, Modi's National Democratic Alliance, Modi's BJP, Telugu Desam Party, Janata Dal, INDIA, Bangladesh Locations: New Delhi, India, Andhra Pradesh, Bihar, Sri, Maldives, China

☆ Rex Heuermann: Inside the document prosecutors say the accused Gilgo Beach serial killer used to ‘plan out his kills’
▼ + stars: | 2024-06-09 | by ( Ramon Sanchez | Ray Sanchez | ) edition.cnn.com time to read: +9 min

Details of the content of the document come from the latest bail application from prosecutors. DNA evidence initially linked him to a hair found on the burlap sack where Waterman’s remains were found. The 60-year-old architect was surprised by the latest charges, Heuermann attorney Michael Brown said after the defendant appeared in an eastern Long Island courtroom. The bail application said a tattoo on Taylor’s torso had been mutilated with a sharp object. It recommended the use of heavier rope since lighter types “broke under the stress of being tightend,” the bail application said.

Persons: Rex Heuermann, “, ” criminologist, Scott Bonn, Heuermann, Jessica Taylor, Sandra Costilla, “ I’ve, Raymond Tierney, ”, Casey Jordan, ” “, ” ‘, Melissa Barthelemy, Megan Waterman, Amber Costello, Maureen Brainard, Barnes –, ” Heuermann, ” Tierney, Taylor, Costilla’s, Michael Brown, Brown, ” Brown, Tierney, ” Jordan, “ Heuermann, Dennis Rader, Rader, “ We’re, We’re, Said Jordan, ” CNN’s Mark Morales, Brynn Gingras, Carolyn Sung, Samantha Beech Organizations: CNN, Long, Heuermann, Force, ”, Cub Scout Locations: New York, ” Suffolk County, Bonn, Manhattan, Long, ” Bonn, Suffolk County

☆ Endangered Republicans gamble backing Trump after guilty verdict as vulnerable Democrats remain cautious
▼ + stars: | 2024-06-09 | by ( Manu Raju | Annie Grayer | ) edition.cnn.com time to read: +10 min

CNN —Former President Donald Trump lost Rep. Mike Garcia’s district by more than 12 points four years ago. I’m the Republican,” said Rep. Lori Chavez-DeRemer, whose Oregon district Biden won by eight points in 2020, confirming she’s sticking with Trump after his conviction. Rep. Mike Lawler, whose New York district Biden carried by 10 points, sharply criticized the prosecution against Trump. Republicans in this camp believe there is no limit to how hard they can lean in to talking about Trump’s conviction and see the Trump verdict as a golden ticket. GOP Rep. Ralph Norman, a Republican hardliner from South Carolina, said Republicans would “absolutely” retaliate against Trump’s political enemies after November, including prosecutors.

Persons: Donald Trump’s, Manu Raju ”, Donald Trump, Mike Garcia’s, ” Garcia, Joe Biden, There’s, Biden, ”, John Duarte, Trump, “, Richard Hudson, ” Hudson, Suzan, ” George Whitesides, Garcia, Mike Garcia, ” Whitesides, “ Joe Biden who’s, “ who’s, I’m, Lori Chavez, DeRemer, Mike Lawler, ” Lawler, Celal, Bernie Moreno, Tim Sheehy, Sherrod Brown, Jon Tester, Sheehy, Tester, ” Tester, ” Brown, I’ve, Brown, Sen, Bob Casey, Stephanie Bice, Anna Moneymaker, Nick LaLota, Attorney Alvin Bragg, ” LaLota, Republican Sen, Thom Tillis, Mitch McConnell, ” Tillis, Mike Johnson, Jim Jordan, Johnson, – Jordan, Chip Roy, ” Roy, Marjorie Taylor Greene, ” Greene, Ralph Norman, ” Norman, Tesfaldet, Morgan Rimmer Organizations: CNN, California Republican, Trump, “, Republicans, Democrats, Biden, GOP, North Carolina Republican, ”, Democratic, of, Republican, Washington DC, Getty, New York, Manhattan, Attorney, Department of Justice, DOJ, Republican Party Locations: California, York, Washington, of California, Oregon, New York, Anadolu, Ohio, Montana, Pennsylvania, Washington , DC, New, Hill, South Carolina

☆ India's race to overtake China will intensify after Modi's reelection because they have the same obsession, analyst says
▼ + stars: | 2024-06-09 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewIndian Prime Minister Narendra Modi this week secured a historic third term in office — and it's likely to intensify India's economic rivalry with China. Both India and China will be focused on manufacturingTo reach its goal, Modi's India will likely be going big on manufacturing. Companies are diversifying their operations outside China to avoid over-relying on one country, and India is aiming to be the new China. AdvertisementIndia's foreign policy toward China is unlikely to change following Modi's re-election, Ivan Lidarev, an Asian security scholar at King's College London, told Channel NewsAsia. "I think India has strived to position itself as a leader of the global south, and of course, China wants this position," added Lidarev.

Persons: —, Narendra Modi, David Lubin, Modi, Xi Jinping, Bharat, Lubin, Raghuram Rajan, NPR's, Rajan, It's, William Lai's, Mao Ning, Ivan Lidarev Organizations: Service, London, Business, South, Central Bank of India, EV, King's College London, West Locations: —, China, Asia, India, Vietnam, Bangladesh, Malaysia, Delhi, Taiwan, Beijing

☆ Narendra Modi sworn in for third term as India's prime minister in pictures
▼ + stars: | 2024-06-09 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

Narendra Modi begins third term as India's prime minister after election victory. Modi's Bharatiya Janata Party won 240 seats, forming a coalition for a parliamentary majority. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNarendra Modi has been sworn in for a third term as India's prime minister after winning the election but losing a parliamentary majority on Friday. Modi, 73, has been forced to form a coalition government as leader of the BJP-led National Democratic Coalition, which together controls 293 seats.

Persons: Narendra Modi, —, Modi Organizations: Modi's Bharatiya Janata Party, Rashtrapati Bhavan, Service, Bharatiya Janata Party, BJP, National Democratic Coalition, Business Locations: New Delhi

☆ Far right surges in European Parliament elections but center still holds
▼ + stars: | 2024-06-09 | by ( Christian Edwards | ) edition.cnn.com time to read: +4 min

CNN —Far-right parties are predicted to win a record number of seats in the European Parliament, a result that, if confirmed, would deliver a stinging rebuke to Brussels’ political mainstream and add uncertainty to Europe’s future direction. Most of the far-right gains were concentrated in countries that elect large numbers of seats: France, Italy and Germany. Alternative for Germany (AfD) party co-leaders Alice Weidel and Tino Chrupalla cheer the exit poll in Berlin, Germany, June 9, 2024. Annegret Hilse/ReutersWhile the far-right surge may further complicate Brussels’ bid for unity, the far-right parties themselves remain relatively divided. Several other far-right parties are among the non-aligned (NI) group, predicted to secure 45 seats.

Persons: Ursula von der Leyen, –, ”, Europe’s centrists, Le, Emmanuel Macron, Jordan Bardella, ” Macron, Brigitte Macron, Stephane Lemouton, Olaf Scholz, Scholz, shored, ” von der Leyen, Alice Weidel, Tino Chrupalla, Annegret Hilse, Maximilian Krah, Roberta Metsola Organizations: CNN, European People’s Party, EPP, Macron’s Renaissance Party, Socialists, Social Democrats, Christian Democrats Party, CDU, EU, Forces, Reuters, Nazi, SS, Brussels Locations: Brussels, France, Italy, Germany, France’s, Europe, Britain, Russia, Ukraine, Kyiv, Berlin

☆ Vigilante Hong Kong cabbies went undercover to ensnare illegal Uber drivers. It backfired
▼ + stars: | 2024-06-08 | by ( Chris Lau | ) edition.cnn.com time to read: +8 min

They are vigilante taxi drivers taking direct action, having become increasingly frustrated about Hong Kong authorities’ failure to regulate the ride-hailing platform. Noemi Cassanelli/CNNA Uber app is seen on a mobile phone in Hong Kong, China, on May 24, 2024. Patrick Tam, secretary general of the Hong Kong Taxi & Public Light Bus Association, acknowledged the complaints against some unruly taxi drivers, and said he supported the police going after them. “We just want fair treatment.”So far, Hong Kong police have said they had not arrested any Uber drivers ensnared in the amateur sting operations. And CUHK’s Chan said that, after years of ambiguity, Hong Kong is already playing catch-up.

Persons: Ka Chun, “, Uber, Noemi Cassanelli, CNN Uber, ”, Oliver Chan, Hong, John Lee, Lau, tim, ” Jason Chan, Mo, “ Uber, Patrick Tam, CNN Estyn Chung, CUHK’s Chan Organizations: CNN, Hong, Chinese University of Hong, Taxi, Pictures, hackney, CNN Taxis, HK, Hong Kong Taxi, Light Bus Association, Uber Taxi, Uber Locations: Hong Kong, China, Central, Chinese University of Hong Kong, Jordan, Singapore

☆ Teddy Roosevelt: A major reevaluation of the most masculine president
▼ + stars: | 2024-06-08 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +13 min

O’KEEFE: “The Loves of Theodore Roosevelt” argues that the most masculine president in the American memory is actually the product of unsung and extraordinary women. Theodore Roosevelt with his second wife, Edith Carow Roosevelt, and his first five children in the mid-1890s. I had this fascinating conversation with Connie Roosevelt, who is the wife of Theodore Roosevelt IV (Teddy’s great-grandson). I love Robin Williams and the depiction in “Night at the Museum,” but that’s a cartoon of Theodore Roosevelt. Theodore Roosevelt, like his distant cousin Franklin Roosevelt, was considered a traitor to his class.

Persons: CNN — Theodore Roosevelt, Roosevelt, ”, Theodore Roosevelt, Edward O’Keefe, Buyenlarge, Theodore Roosevelt ”, Mount Rushmore, Anna, Corinne, Alice, Mittie, Martha, Edith Carow Roosevelt, Connie Roosevelt, Theodore Roosevelt IV, Connie, “, that’s, didn’t, Robin Williams, who’s, WOLF, he’s, Horatio Alger, Franklin Roosevelt, Politics, Theodore Sr, Biden WOLF, Joe Biden, There’s, Josh Hawley, —, I’ve, Edith, He’s, Kristi Noem, they’ve, Josiah, Emily, Theodore Roosevelt’s Organizations: CNN, Republican Party, Theodore Roosevelt Presidential Library Foundation, Roosevelt, Rough Riders, FPG, National Parks Conservation Association, Museum, of Congress, North Dakota —, Senate, South Dakota Gov, White Locations: North Dakota, Mount, Cuba, ”, Africa, Europe, America, Missouri, Dakota, South Dakota, New York, Sagamore, Oyster

☆ Edmundo Gonzalez Urrutia: Meet the quiet, bird-loving grandfather taking on strongman Maduro in Venezuela’s election
▼ + stars: | 2024-06-08 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +10 min

But most analysts agree Gonzalez represents the best chance that Venezuela’s political opposition has had to dislodge Maduro from power since 2013. But amnesty for outgoing officials could be on the table, Gonzalez told CNN en Español. “Edmundo is a public servant, he knows there cannot be any revenge [against the government],” Eickhoff told CNN. Edmundo Gonzalez Urrutia, Venezuela's new opposition candidate, feeds birds at his home in Caracas on Wednesday, April 24. “It’s time for the big Venezuelan family to come together once more,” he told CNN en Español.

Persons: Hugo Chavez, Nicolas Maduro, Edmundo Gonzalez Urrutia, Gonzalez, – Maria Corina Machado, Corina Yoris –, “, ”, Maduro, Leonardo Fernandez Viloria, Reuters Gonzalez, he’s, CNN En, Juan Guaido, ” Gonzalez, ” Gonzalez’s, Mariana, –, Jesus Vargas, won’t, Sadio Garavini, Tullio, Chavez, “ Edmundo, he’ll, ” Garavini, George Eickhoff, Konrad Adenauer, ” Eickhoff, Machado, Edmundo, Gaby Oraa, Venezuela's, Gonzalez’s Organizations: CNN, Democratic, Maduro, European Union, Reuters, “, Wednesday, Bloomberg, Getty, Real Madrid football Locations: Venezuela, Venezuela’s, Venezuelan, Algeria, Argentina, United States, Barbados, Washington, Caracas, Hague, German, Spain

☆ Israeli military rescues four hostages alive from Gaza, including Noa Argamani
▼ + stars: | 2024-06-08 | by ( Freddie Clayton | ) www.cnbc.com time to read: +4 min

Noa Argamani, who was kidnapped in the deadly Oct. 7 attack by Hamas and is one of four hostages who has been rescued by Israeli forces alive, is pictured in this undated handout photo. Jack Guez | Afp | Getty ImagesA video circulating on social media showed Argamani as she reunited with her father. She also spoke with Israeli Prime Minister Benjamin Netanyahu in a phone conversation following her rescue. Israeli opposition leader Yair Lapid called the rescue "A great light in a terrible darkness" and welcomed the hostages back. Andrey Kozlov recently moved to Israel from Russia, and had also been working as a security guard at the festival.

Persons: Noa Argamani, Jack Guez, Benjamin Netanyahu, Yan Gorjaltsan, Argamani's, Be'er Sheva, Netanyahu, Joe Biden, Yair Lapid, Andrey Kozlov, Almog Meir, Ilia Yefimovich, Argamani, Avinatan, Almog Meir Jan, Shlomi Ziv, Andrei Kozlov, Gideon Markowicz Organizations: Reuters, HaShomer Medical Centre, Hamas, Afp, Getty, Israeli, Be'er, NBC News, Sheba Tel, Nova, Stallion Locations: Sheba Tel, Gaza, Ramat Gan, Israel, Tel Aviv, Sheba, Jerusalem, of Israel, Russia

☆ The forgotten racial history of Red Lobster
▼ + stars: | 2024-06-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

“Red Lobster cultivated Black customers. Red Lobster did not respond to CNN’s request for comment on current customer demographics. Red Lobster was not a “place we frequented a whole lot” in its early days, said Harold Dwight, who graduated two years after Boatwright in 1968. Red Lobster later named one of its signature dishes after King: “Walt’s Favorite Shrimp.” King died last year. Red Lobster brought the “outdoor fried fish experience” indoors, Autry said.

Persons: Clarence Otis Jr, Otis, Mardeio Cannon, ” Clarence Otis Jr, Phelan M, Red, Chris Rock, Nicki Minaj, Minaj, “, Jimmy Fallon, Beyoncé, Hurricane, Marcia Chatelain, ”, Bill Darden, Darden, Beverly Boatwright, Harold Dwight, Dwight, Darden’s, Waycross , Georgia —, ” “, Jim Crow ”, John Fluker, Horace Thomas, Walter King, ” King, “ They’ve, we’ve, Michael Nagle, Robyn Autry, Autry Organizations: New, New York CNN, Red Lobster, Darden, CNN, Sacramento Observer, Darden Restaurants, University of Pennsylvania, Civil, Lakeland, NAACP, Bloomberg, Getty, Wesleyan University Locations: New York, America, Black America, McDonald’s, Lakeland , Florida, Lakeland, Waycross , Georgia, Okefenokee, Waycross, Georgia

☆ Israel rescues four hostages in operation Gazan officials say killed more than 200
▼ + stars: | 2024-06-08 | by ( Niamh Kennedy | Benjamin Brown | ) edition.cnn.com time to read: +10 min

CNN —The Israeli military rescued four hostages in a special operation in the Nuseirat refugee camp, central Gaza, that Gazan authorities said killed 236 people and injured more than 400 others. An Israeli policeman from a special counter-terrorism unit was killed in Saturday’s rescue operation, according to Israeli police. At least 236 people have been killed as a result of the rescue operation and more than 400 injured, hospital officials in Gaza said Saturday. The killed and wounded were taken to two hospitals in Gaza, Al-Awda Hospital in Nuseirat and Al-Aqsa Martyrs Hospital in Deir Al-Balah. An Israeli military spokesperson put the number of casualties from the operation at “under 100,” and had no information on how many of those were civilians.

Persons: Noa Argamani, Almog Meir Jan, Andrey Kozlov, Shlomi Ziv, ’, Dr Marwan Abu Nasser, Balah, Daniel Hagari, Argamani, Hagari, ” Hagari, Nidal Abdo, ”, Abu Abdallah, “, Ismail Haniyeh, ” Abu Obaida, Al, Ori Megidish, Fernando Marman, Louis Har, Isaac Herzog, Avinatan, Liora Argamani, Noa, Joe Biden, Argamani’s, Benjamin Netanyahu, – Almog Meir Jan, Yehuda, – Shlomi Ziv, Ziv, Miren, – Andrey Kozlov, ” Orit Meir, ” Meir, Jennifer Master, ” Yaakov Argamani, ” Rozi Ziv Organizations: CNN, Israel Defense Forces, Nova, HaShomer Medical Center, Awda, Aqsa Martyrs Hospital, Aqsa, Palestinian, Hamas, IDF, Brigades, Presidential Press, Reuters, Ichilov, Israeli Locations: Gaza, Nuseirat, ’ Tel, Al, Aqsa, Deir Al, Deir al, Israeli, “, Israel, Rafah, Chinese, Tel Aviv, Russian

☆ Putin’s daughters make rare appearance at St. Petersburg economic forum
▼ + stars: | 2024-06-08 | by ( Radina Gigova | ) edition.cnn.com time to read: +3 min

CNN —The daughters of Russian President Vladimir Putin rarely make public appearances, but this week they took part in panels at the St. Petersburg International Economic Forum. Putin has said his daughters work in science and education and that he has grandchildren, but he has never confirmed their names. Katerina Tikhonova, Putin's daughter and the head of Innopraktika development initiative, virtually attended the Saint Petersburg International Economic Forum in Saint Petersburg, Russia, on Thursday. Olga Maltseva/AFP/Getty ImagesBoth of them have attended the annual St. Petersburg forum in the past, but only the younger daughter, Tikhonova, has been a speaker, according to the Russian independent outlet Novaya Gazeta Europe. Tikhonova, who is a tech executive, made a video appearance on Thursday at a forum about ensuring the “technological sovereignty” of the military-industrial complex.

Persons: Vladimir Putin, Maria Vorontsova, Katerina Tikhonova, Lyudmila, Putin, Olga Maltseva, Tikhonova, Vladimir Soloviev, Alexey Navalny, Vorontsova, Kirill Shamalov Organizations: CNN, St ., Economic, Saint Petersburg, Getty, Novaya Gazeta Europe, National Intellectual Development Foundation, US, Russian Association for, Science, Analysts Locations: St, St . Petersburg, Saint Petersburg, Russia, AFP, Petersburg, Russian, Ukraine, Dutch, Netherlands, Biarritz, France

☆ Opinion: How the era of the counterspy changed history
▼ + stars: | 2024-06-08 | by ( Opinion Tim Naftali | ) edition.cnn.com time to read: +12 min

First of all, their main job was to get false information to Adolf Hitler — rather than to steal Nazi secrets. And, secondly, some of these spies didn’t actually exist — they were completely made-up creations of British intelligence. But World War II would see a dramatic expansion of the offensive use of counterspies — not simply to prevent the enemy from knowing things but to actively deceive the enemy by planting disinformation. I also met the man who came up with the D-Day deception, Roger Fleetwood Hesketh, who was a trained architect. He told me that for the D-Day deception, codenamed Fortitude South, he had drawn on different talents.

Persons: Tim Naftali, Adolf Hitler —, didn’t, Counterespionage, —, Juan Pujol García, Garbo, Greta Garbo, ” —, Juan Pujol Garcia, Keith Waldegrave, ANL, ”, George Patton, Hitler, ” Hitler, Roger Fleetwood Hesketh, Alan Turing, counterspies, Anthony Blunt, Kim Philby, ’, Oleg Gordievsky, counterespionage, Robert Hanssen, Aldrich Ames, Hanssen, Ames, Mikhail Gorbachev Organizations: CNN, Columbia University’s School of International and Public Affairs, Tim Naftali New York University, Allied, Nazi, Army, Pas des Calais, Facebook, Strategic Services, German Wehrmacht, US National Archives, British, Soviets, US, Soviet Union, USSR Locations: France, Pas des, Pas des Calais —, Belgium, British, Berlin, Spanish, United Kingdom, Britain, Buckingham, Calais, Normandy, Tokyo, German, England, Liverpool, Europe, counterespionage, USSR, London, Washington, America, Soviet, Soviet Union

☆ Biden heralds close US-France ties as he’s treated to a state visit
▼ + stars: | 2024-06-08 | by ( Betsy Klein | ) edition.cnn.com time to read: +7 min

Paris CNN —President Joe Biden heralded the close ties between the United States and France on Saturday, calling his current visit “the most remarkable trip” that he’s made to the country as French President Emmanuel Macron hosted his US counterpart for an official state visit in Paris. “When we stand as one, our countries are stronger and literally, the world is safer,” Biden said during a state dinner later Saturday. Macron is returning the favor to Biden, who hosted the French president for a state visit at the White House in December 2022, the administration’s first. France, Biden said, “was our first friend. “One of the things the president respects and admires about President Macron is he’s as honest and forthright as President Joe Biden is.

Persons: Joe Biden, he’s, Emmanuel Macron, ” Biden, Macron, Brigitte Macron, Biden, Jill Biden, Banner ”, “, Grace, ”, Macrons, Evan Vucci, Donald Trump, ’ ” Biden, –, Volodymyr Zelensky, Vladimir, Putin, Ukraine – it’s, Benjamin Netanyahu, Yahya Sinwar, John Kirby, Kirby, ” Kirby, CNN’s Kayla Tausche, Xiaofei Xu Organizations: Paris CNN, Macron, Champs, AP, French, White House, US, Independence, Ukraine –, Western, Ministry, Israeli, Saturday, Australia, “, National Security Locations: United States, France, Paris, “, Élysée, Ukraine, Israel, Triomphe, We’re, America, New York City, Europe, Gaza, ”, Washington

☆ India elections: Modi and his Hindu nationalist BJP have another five years in power. What does it mean for the world?
▼ + stars: | 2024-06-08 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

CNN —Narendra Modi has raised India’s stature on the global stage like no other recent leader of the world’s most populous country. But the election results also place Modi in a radically different position from the one he enjoyed during his first decade in power. Now, Modi’s BJP will need to answer the interests of its coalition allies – and face stronger checks from a resurgent opposition, which could dampen its Hindu-nationalist agenda. In the meantime, some observers suggest that while the election results may not have boosted Modi, they are already a boon for India’s global clout. “India coming back as a proper democracy is good for the world order in many senses,” he added.

Persons: CNN — Narendra Modi, –, Modi, ”, T.V, Paul, “, Nehru, ” Modi, Joe Biden, Pete Marovich, that’s, Washington, Farwa Aamer, assertiveness –, Justin Trudeau, Nasir Kachroo, Pakistan –, Sushant Singh, Fahd Humayun, India’s Organizations: CNN, Bharatiya Janata Party, BJP, Reuters, Japan, South Asia, Asia Society Policy, Modi . Canadian, Canadian, Yale University, Indian, Tufts University, ”, McGill University Locations: India, Delhi, United States, China, Pakistan, Australia, New York, New Delhi, Washington, Russia, Canada, Indian, American, Jammu, Kashmir, Modi’s BJP, BJP, Islamabad

☆ Move over, Nvidia: Fund manager likes 'overlooked' chipmaker with billions in AI chip sales
▼ + stars: | 2024-06-07 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Chipmaker Nvidia is clearly the poster child for artificial intelligence, according to one portfolio manager — but she says another firm is being overlooked. "[We] think of Nvidia as the poster child for AI chips, and they are. But, [Broadcom] was another company that posted over a billion in revenue from AI chips," Pleydell-Bouverie told CNBC's Pro Talks . For the first quarter , Broadcom said revenue came in at $11.96 billion , topping analysts' forecasts of $11.72 billion. AVGO YTD mountain Year-to-date share movement in Broadcom Pleydell-Bouverie flagged that the company has a "leading position" in segments like custom ASICs (Application-Specific Integrated Circuits).

Persons: —, Clare Pleydell, Bouverie, CNBC's, Hock Tan, Bernstein, Stacy Rasgon, Fred Imbert Organizations: Nvidia, Broadcom Inc, Broadcom, Nasdaq, Broadcom Pleydell, Circuits, Liontrust Global Technology Fund, Technology

☆ Saudi Arabia set to raise over $11.2 billion from Aramco stock sale, priced at lower end of range
▼ + stars: | 2024-06-07 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Saudi Arabia is set to raise more than $11.2 billion from its secondary public share offering in state-controlled oil giant Aramco, after the stock was priced at the lower end of its expected range. The company on Friday said it will price the 1.545 billion of shares on offer at 27.25 Saudi riyal ($7.27) apiece, with the sale expected to take place when markets next open on Sunday. A range of between 26.70 and 29 Saudi riyals per share was floated in the firm's initial marketing. The 27.25 Saudi riyal price is nearly 4% below the public stock's last settlement on the Tadāwul Saudi stock exchange. Investors typically expect a discounted price when new shares enter the public market, because of the increase in the overall supply of stock available to trade.

Persons: Prince, Mohammed bin Salman Organizations: Saudi, Investors, of, Petroleum, Reuters, CNBC, Aramco, Exxon Mobil, Chevron, Aramco's, Public Investment Fund Locations: Saudi Arabia, Aramco, Saudi, Neom

Club holdings Microsoft and Best Buy were the subject of upbeat Wall Street research, while TJX Companies hit an intraday high Friday on the same day it announced plans to enter a new international market. BBY YTD mountain Best Buy year-to-date performance The news: Loop Capital increased its Best Buy price target to $100 from $93 while maintaining its buy rating on the stock. On the stock, Loop sees Best Buy trading at a "significant discount" to the valuations of other retailers with relatively slow growth. Shares of Best Buy were slightly lower Friday, though they hit a new 52-week high Friday of $89 each earlier in the session. TJX YTD mountain TJX Companies (TJX) year-to-date performance The news: TJX Companies is expanding into Mexico.

Persons: Oppenheimer, OpenAI, Copilot, it's, we're, Jim, I'm, bode, Citigroup's, Tommy Hilfiger, Calvin Klein, Axo, Ernie Herrman, TJX, Jim Cramer's, Jim Cramer, Shannon Stapleton Organizations: Microsoft, TJX Companies, Analysts, Federal Trade Commission, CNBC, Club, Amazon, TJX, Grupo Axo, Axo, Black Locations: Mexico, Chile, Peru, Maxx, U.S, Westbury , New York

☆ How a Depression-era law could be used to make your booze cheaper
▼ + stars: | 2024-06-07 | by ( Matt Egan | ) edition.cnn.com time to read: +7 min

Southern Glazer’s, based in Miami and operating in 44 US states, is the largest wine and spirits distributor in the United States. Abandoned antitrust law from 1936The FTC lawsuit, previously reported by Politico, could come in the next few weeks and would rely on the Robinson-Patman Act of 1936, the source said. That Depression-era law prohibits suppliers from providing deeper discounts to large chains than to smaller stores. At the time, the antitrust law was aimed at helping smaller grocers survive when A&P and other chains dominated with lower prices. However, a person familiar with the matter said Southern Glazer’s discounts are available to all retailers where permitted by state law.

Persons: Lina Khan, Beam, Robinson, it’s, McCormick, “ It’s, It’s, hasn’t, Alden Abbott, Trump, ’, ”, Abbott, George Mason University’s, “, Patman, Ed Schwartz, Reed Smith, Lee Hepner, Hepner, Chris Jones, Jones, Schwartz, Khan Organizations: CNN, Federal Trade Commission, Southern, Biden, FTC, Politico, Walmart, Patman, RPA, Congress, American Economic Liberties, National Grocers Association, Street Competition Coalition, Southern Glazer’s Locations: Miami, United States, Southern

☆ Wall Street showers an AI chipmaker we own with praise — and it's not Nvidia
▼ + stars: | 2024-06-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

JPMorgan upped its growth forecast for the custom AI chip market and said Broadcom's dominance in the space is poised to continue. Essentially, these networking chips help make up the plumbing of data centers. The second line of Broadcom's AI business is custom processors, where the company is best-known for co-designing Alphabet's tensor processing units, or TPUs. Google-parent Alphabet and Broadcom have collaborated on the creation of the AI chips for years, with the sixth-generation TPU being announced last month . The AI chips made by market leader Nvidia and rival AMD are more general purpose.

Persons: Bernstein, Melius, —, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Hock Tan, Broadcom Lucas Jackson Organizations: Nvidia, Wall, Broadcom, Melius, JPMorgan, Wall Street, VMWare, Google, Amazon, Microsoft, Marvell Technology, Marvell, AMD, CNBC

☆ Samsung Electronics’ workers in South Korea go on strike for the first time ever
▼ + stars: | 2024-06-07 | by ( Yoonjung Seo | Diksha Madhok | ) edition.cnn.com time to read: +2 min

Seoul CNN —A labor union at Samsung Electronics in South Korea said many workers went on strike Friday, marking the first such walkout in the smartphone and chipmaking giant’s 55-year history. The Nationwide Samsung Electronics Union (NSEU) said last week that its 28,000 members — just under a quarter of the company’s total workforce in the country — would stage a one-day strike on June 7, following failed negotiations over pay and bonus arrangements. A Samsung spokesperson told CNN that, “there is no impact on production and management activities” as a result of the one-day walkout. The vast majority of the world’s advanced microchips are made in just two places: Taiwan and South Korea. Taiwan’s industry is larger and more dominant, something South Korea is keen to challenge.

Persons: —, Son Woomok, Anthony Wallace, chipmaker Organizations: Seoul CNN, Samsung Electronics, Nationwide Samsung Electronics Union, CNN, Reuters, Samsung, SK Hynix, Micron Technology, Getty, Intel Locations: Seoul, South Korea, AFP, Taiwan

☆ 6 tips from Satya Nadella on how to run a company and manage your team
▼ + stars: | 2024-06-06 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. His leadership has been credited with revitalizing the company's culture, driving growth in partnerships, and even guiding the company in dethroning Apple as the world's most valuable public company earlier this year. Deliver successA leader must also be able to "create success in what is an overconstrained space," he says. "Life is an overconstraint problem," he said in the magazine interview.

Persons: —, Nadella, I'm, it's, Axel Springer, Mathias Döpfner Organizations: Service, Microsoft, Apple, Business, Chicago Booth Magazine, Wall Street, Work Conference

Search resuls for: "Leader"

25 mentions found