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☆ Why North Korea would want to go to war for Russia
▼ + stars: | 2024-10-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

North Korea sent thousands of troops to support Russia in its war against Ukraine. AdvertisementWhy is North Korea helping Russia? STR/KCNA VIA KNS/AFP via Getty ImagesIt's unclear what exactly is driving North Korea to become increasingly involved in the war and send troops to Russia. North Korea also has an aging fighter jet fleet it wants to upgrade and a desire for advanced satellite technologies. Beijing has often aligned with Russia and North Korea, and Western officials have accused China of also giving military aid to Russia in return for certain technologies and information.

Persons: Kim, Putin, —, Mark Rutte, Vladimir Putin, Kim Jong, KRISTINA KORMILITSYNA, Ivan Samoilov, Rutte, Kirby, Kurt Campbell, Defense Lloyd Austin, Biden, Seoul's Organizations: Ukraine, Service, US, Korean, Russian, NATO, Department of Defense, Pentagon, Ukrainian, North, Duma, Research, Gwara, Getty, VIA KNS, National Security, Technologies, Roman, Defense, Publicly, Ministry of Foreign, South Locations: Korea, Russia, Ukraine, South Korea, Kursk, Ukrainian, North Korea, Russian, Pyongyang, Korean, Moscow, Iran, North Korean, AFP, Kyiv, China, Beijing

☆ European markets head for mixed open as investors review geopolitical tensions
▼ + stars: | 2024-10-28 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are expected to start the week on a lackluster note Monday as investors review the geopolitical situation in the Middle East. The U.K.'s FTSE 100 index is expected to open 8 points lower at 8,243, Germany's DAX up 30 points at 19,747, France's CAC up 12 points at 7,508 and Italy's FTSE MIB up 108 points at 34,648, according to data from IG. Market participants will be digesting a cooling geopolitical situation in the Middle East Monday after weekend airstrikes by Israel against Iran did not target oil or nuclear facilities as feared. Oil prices slid more than 4% Monday, although Citi analysts discounted the chance of an escalation that disrupts oil supplies. U.S. equity futures jumped as investors looked ahead to a batch of mega-cap technology earnings to keep driving the Nasdaq Composite to new heights this week.

Persons: Germany's DAX Organizations: France's CAC, IG, Citi, Nikkei, Nasdaq Locations: Israel, Iran, Asia, Pacific

☆ U.S. economic growth likely to be very strong: Strategist
▼ + stars: | 2024-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. economic growth likely to be very strong: StrategistDwyfor Evans, managing director and head of Asia-Pacific macro strategy at State Street Global Markets, discusses the longer-term outlook for U.S. earnings.

Persons: Dwyfor Evans Organizations: Street Global Locations: Asia, Pacific

☆ Video shows ballots burning in Pacific Northwest states
▼ + stars: | 2024-10-28 | by ( ) edition.cnn.com time to read: 1 min

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☆ Trump's chaotic Madison Square Garden rally could muddy his closing economic pitch — and give Democrats a last-minute chance to shake up the race
▼ + stars: | 2024-10-28 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +6 min

Trump's Madison Square Garden rally was supposed to be part of a triumphant closing pitch. AdvertisementDonald Trump's rally at Madison Square Garden on Sunday wasn't supposed to be about one comedian's offensive joke about Puerto Rico. "This joke does not reflect the views of President Trump or the campaign," Danielle Alvarez, a senior Trump campaign advisor, said in a statement. Advertisement'I want everyone in Philadelphia to see that clip'It remains to be seen whether and how Puerto Rican voters will respond to what happened on Sunday. Spokespeople for the Harris campaign, along with Senate and House Democrats' campaign arms, did not respond to Business Insider's inquiries as to whether they would.

Persons: it's, —, Donald Trump's, Trump, Sid Rosenberg, Doug Emhoff, Tucker Carlson, Kamala Harris, Tony Hinchcliffe, Danielle Alvarez, Harris, Bad Bunny, Mike Nellis, Hinchcliffe, Sen, Rick Scott, Maria Elvira Salazar, Rep, Anthony D'Esposito, Alexandria Ocasio, Cortez, Tim Walz, there's, Nellis, Meta Organizations: Puerto Ricans, Service, Madison, Radio, Malaysian, Trump, Sunday, Puerto, Puerto Rican, Democratic, Reading, Gov, House Democrats, Nellis, Capitol Locations: Madison, Puerto, Puerto Rico, York City, California, Philadelphia, Pennsylvania, Puerto Rican, Florida, Long, While Pennsylvania, North Carolina, Georgia, Bronx, Harris, Alexandria, Cortez of New York, Puerto Ricans, —, Washington , DC

☆ Russia can't sustain its attack on Ukraine without North Korean troops, NATO chief says
▼ + stars: | 2024-10-28 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

Ukraine has said it expects to encounter North Korean troops on the battlefield within days. AdvertisementNATO's chief said Russia can't sustain its invasion of Ukraine without North Korean troops. Mark Rutte said at a press conference on Monday that North Korean troops were deployed to Russia's Kursk region, where Ukraine occupies territory. Ukrainian President Volodymyr Zelenskyy said over the weekend that he was expecting to see North Korean troops in battle within days. For his part, Putin last Friday seemed unmoved by external criticism, saying whether Russia deploys North Korean troops is Russia's "sovereign decision."

Persons: Mark Rutte, Putin, —, Vladimir Putin, Volodymyr Zelenskyy, Zelenskyy, Rutte Organizations: NATO, Russia, Service, North, South Korea's National Intelligence Service, Ukraine Locations: North Korea, Ukraine, Korean, Russia, Russia's Kursk, South, Korea, South Korea

☆ I've been to over 200 high-end golf courses around the globe. Here are 8 of my all-time favorites.
▼ + stars: | 2024-10-27 | by ( David Weiss | ) www.businessinsider.com time to read: +7 min

I'll never forget Cypress Point Club in Pebble Beach, CaliforniaCypress Point Club is right on the water. Forest Dunes Golf Club in northern Michigan is one of the Mitten State's best-kept secretsForest Dunes Golf Club has trees, water, and greenery. Evan SchillerTo create Forest Dunes Golf Club, golf pro Tom Weiskopf routed 18 holes through aromatic, pine-studded sand dunes in the middle of Michigan farm country. Chris Coduto/Getty ImagesScottsdale, Arizona, is home to over 200 golf courses and is a choice winter getaway for snowbirds from all over. AdvertisementOmni Golf's Grove Park Inn is still popular after 100 yearsThe Omni Grove Park Inn has been around for quite some time.

Persons: —, it's, I've, David Madison, Alister MacKenzie, Robert Trent Jones, Evan Schiller, Tom Weiskopf, Tom Doak, David McLay Kidd, Gamble, Kidd, Chris Coduto, Jack Nicklaus, Donald Ross, Barack Obama, Scott Fitzgerald, Tom Weiskopf's Cabo Organizations: Point, Spyglass, Omni, Service, California Cypress Point, Getty, University of Michigan, Getty Images, North, Cabo del Sol Locations: California, Cabo, Sol, Pebble Beach, California Cypress, Cypress, Pebble Beach , California, Spyglass, Cypress Point, Carmel, Michigan, Roscommon , Michigan, Bandon, Oregon, Brewster , Washington, Columbia, Scottsdale, Arizona, Getty Images Scottsdale , Arizona, Omni Grove, Grove, Carolinas, North Carolina, Pinehurst, Asheville, Mexico, Tom Weiskopf's Cabo del Sol, Cabos, Cortez

☆ Japan’s ruling party set to lose long-standing majority in major blow to new PM
▼ + stars: | 2024-10-27 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —Japan’s longtime ruling party is projected to lose its majority after Sunday’s general election, in what would be a major blow to new Prime Minister Shigeru Ishiba amid public anger over economic woes and a series of political scandals. Exit polls Sunday from public broadcaster NHK suggest Japan’s ruling Liberal Democratic Party (LDP) will struggle to reach a majority, raising uncertainty over the make-up of the government of the world’s fourth-largest economy. Japan's Prime Minister Shigeru Ishiba speaks to the media at the Liberal Democratic Party's (LDP) headquarters. Former Prime Minister Fumio Kishida tried to contain the damage by replacing several cabinet ministers and dissolving LDP factions, essentially coalitions within the party. As defense minister, Ishiba was strong on deterrence as a security issue.

Persons: CNN — Japan’s, Shigeru Ishiba, Ishiba, ”, Komeito, Liberal Democratic Party's, Takashi Aoyama, Fumio Kishida, ” Ishiba Organizations: CNN, NHK, Liberal Democratic Party, LDP, Constitutional Democratic Party of Japan, Japan's, Liberal Democratic, Reuters, Partnership, NATO Locations: United States, Asia, China, North Korea, Japan, Pacific

☆ A mega-earthquake could strike the Pacific Northwest any day — and we're not prepared
▼ + stars: | 2024-10-26 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +10 min

People along the coast now have 10 to 30 minutes to reach high ground before a giant wave engulfs the Pacific Northwest. The scene above is a worst-case scenario of a megaquake striking the Pacific Northwest. "It's ominously quiet," Harold Tobin, Washington's state seismologist and the director of the Pacific Northwest Seismic Network, told BI. The Pacific Northwest, by contrast, only found out about the danger posed by the Cascadia subduction zone in the 1980s. The Cascadia subduction zone pushed those mountains up about 10 million years ago, carving the mountain range that makes the Pacific Northwest so stunning.

Persons: Seattle isn't, Robert Ezelle, Rick Bowmer, Ted S, Warren, Juan, Harold Tobin, Tobin, Ezelle, Andrew Selsky, Itsuo Inouye, They've, Wally Santana, Barbara Ortutay Organizations: Washington state's Military, ., Puget Sound, Washington Army National Guard 792nd Chemical Company, Washington state's Military Department, Business, Northwest Seismic Network, AP, Columbia University, Big One, Federal Emergency Management Agency, US Navy, FEMA, Northwest Seismic Locations: Seattle, Pacific, Long Beach , Washington, Northern California, Vancouver, Grandview , Washington, Pacific Northwest, Washington, Washington's, Cascadia, Sitka spruces, Oregon, Japan, Japan's Miyagi Prefecture, Tohoku, Natori

☆ Japan elections 2024: Shigeru Ishiba hopes to defy economic woes and party scandals in first test
▼ + stars: | 2024-10-26 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —Polls opened Sunday in Japan’s general election, in a test for new Prime Minister Shigeru Ishiba as he seeks voter support for his scandal-hit party just weeks after taking the role. By calling an election, Ishiba, 67, is seeking a public mandate for the ruling LDP amid falling approval ratings and public anger over one of the country’s biggest political scandals in decades. Former Prime Minister Fumio Kishida tried to contain the damage by replacing several cabinet ministers and dissolving LDP factions, essentially coalitions within the party. Ishiba has called for a more balanced relationship, including having greater oversight of US military bases in Japan, Reuters reports. As defense minister, Ishiba was strong on deterrence as a security issue.

Persons: Shigeru Ishiba, Ishiba, Fumio Kishida, ” Ishiba Organizations: CNN, Liberal Democratic Party, Reuters, Partnership, NATO, Sunday, Representatives, LDP, New Komeito Party Locations: Japan, Ishiba, United States, Asia, China, North Korea, Pacific

☆ Commonwealth leaders say ‘time has come’ for discussion on UK slavery reparations
▼ + stars: | 2024-10-26 | by ( Story Reuters | ) edition.cnn.com time to read: +3 min

CNN —Commonwealth leaders, ending a week-long summit in Samoa, said on Saturday the time had come for a discussion on whether Britain should commit to reparations for its role in the transatlantic slave trade. The statement also made reference to “blackbirding”, a term for people from places including the Pacific Islands being deceived, coerced or kidnapped to work on plantations in Australia and elsewhere. Those opposed to reparations say countries should not be held responsible for historical wrongs, while those in support say the legacy of slavery has led to vast and persistent racial inequality. The joint statement did not mention what form reparations should take. Stefan Rousseau/Pool/ReutersStarmer told a press conference the joint statement did two things: “It notes calls for discussion and it agrees that this is the time for a conversation.

Persons: Keir Starmer, ”, blackbirding, Stefan Rousseau, Reuters Starmer, we’ve, Kingsley Abbott, Abbott Organizations: CNN, Commonwealth, Government, British, Caribbean Community, African Union, Reuters, Institute of Commonwealth Studies, University of London, Pacific Locations: Samoa, Britain, Australia, Tuvalu

☆ How activist Starboard may help boost value in Kenvue's skin and beauty business
▼ + stars: | 2024-10-26 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

The company operates through three segments: Self Care, Skin Health and Beauty, and Essential Health. Self Care product categories include pain care; cough cold allergy; and "other self care." The Skin Health and Beauty segment's product categories include face and body care and hair, sun and others. Skin Health and Beauty has been proven to be a marketing business whose growth can be greatly aided by social media. Kenvue has a solid business with iconic brands and one underperforming segment in Skin Health and Beauty.

Persons: Russell, Johnson, Kenvue, Michael CeraVe, Ken Squire Organizations: Skin, Health, Self, pharma, Colgate, Palmolive, Haleon, Kenvue, Essential Health, L'Oreal, Beauty, Skin Health, Management, 13D Locations: North America, Asia, Europe, Middle East, Africa, America, CY19, CeraVe

☆ Transit workers who lost jobs when they didn't get Covid vaccines are awarded $1M
▼ + stars: | 2024-10-25 | by ( Antonio Planas | Antonio Planas Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

A federal jury awarded the six ex-BART workers between $1.1 million and more than $1.5 million each, court records show. Kevin Snider, who served as lead attorney, said the workers didn’t compromise their religious convictions for their jobs. A class-action lawsuit filed in October 2022 said BART granted the vaccine religious exemption for some, but denied accommodations in every instance. Between then and February 2022, about 179 employees submitted requests for religious exemptions, and 70 were approved, the suit said. However, one in three BART employees seeking medical exemptions were granted an accommodation, according to the suit.

Persons: ”, Kevin Snider Organizations: Bay, Rapid Transit, BART, Northern, Northern District of, The Pacific Justice Institute, Covid Locations: California, U.S, Northern District, Northern District of California

Asian Americans now make up 12% of the electorate in Nevada, with Filipinos being the largest subgroup. In 2020, President Joe Biden won 64% of the state’s Asian American vote, while Trump took 35%. But in 2022, support in the Nevada governor’s race was more split among the local Asian American, Native Hawaiian and Pacific Islander community, which only voted blue by an 8% margin. But frankly, Covid, or as I call it, ‘the China virus,’ was a step too far,” he said. Trump took a moment to praise the Filipino community, saying he likes their clothes.

Persons: Donald Trump, Trump, Tulsi Gabbard, Vivek Ramaswamy, ” Trump, Joe Biden, Xi, ’, ”, Eli Michaels, “, ” Vivek Ramaswamy, Patrick T, Fallon, Harris, Trump’s, Charlie Kirk, Kamala Harris, Ramaswamy, Gabbard, “ He’s, Vivek Organizations: American, Pacific, Change, Hawaii Rep, GOP, Hispanic, NBC News, Getty, Nevada’s, Las, Indian American, Trump Locations: Las Vegas, “, Pacific Islander, Nevada, Hawaiian, China, AFP

WASHINGTON — As Speaker Mike Johnson marks one year on the job Friday, he’s fighting hard to preserve House Republicans’ razor-thin majority — and his speakership. I’m going to be the speaker of the House,” Johnson said in a recent sit-down interview with NBC News at a campaign stop in Hellertown, Pennsylvania. "It's going to be a free-for-all" if Republicans lose the House and Trump loses the White House, a third House GOP lawmaker added. 2 GOP leader, Scalise also has not spoken publicly about what he’d run for in the minority. House Majority Leader Steve Scalise, R-La., is expected to run for minority leader if Republicans lose the House.

Persons: Mike Johnson, Republicans ’, Johnson, Johnson —, ”, Nancy Pelosi, Johnson’s, Steve Scalise, Jim Jordan, hasn’t, “, I’m, ” Johnson, Al Drago, Tom Emmer, Elise Stefanik, eyeing, Donald Trump, Jordan, They’ve, Scalise, John James, Tom Barrett, Joe McGraw of, “ Jordan, Kevin McCarthy’s, Emmer, —, Republicans —, Tom Williams, Trump, Republicans eke, “ He’s, Thomas Massie, Paul Gosar, Marjorie Taylor Greene, Scott Perry, Perry wouldn’t, ” Perry, Mike, he’s, David Valadao, ” Valadao, Patrick McHenry, McCarthy, Derrick Van Orden, ” Van Orden Organizations: WASHINGTON, Republicans, Louisiana Republican, GOP, Republican, NBC News, Trump, Bloomberg, Getty, National Republican Congressional, Joe McGraw of Illinois, Inc, Capitol Hill, FISA, Freedom Caucus, Intelligence, Democratic, Washington , D.C, Wisconsin GOP Locations: Louisiana, Ohio, Hellertown , Pennsylvania, Pacific Northwest, Washington, Michigan , Illinois, Minnesota, Michigan, Jordan, Israel, Ukraine, Ky, Trump, Perry’s, Washington ,, R, Wisconsin

☆ IMF's Asia director compares Japan & China's fiscal challenges
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIMF's Asia director compares Japan & China's fiscal challengesKrishna Srinivasan, Director of IMF of Asia and Pacific Department, talks to CNBC's Martin Soong about Japan and China's fiscal positions, as the Bank of Japan normalizes its monetary policy and China embarks on measures to prop up the country's economy.

Persons: Krishna Srinivasan, CNBC's Martin Soong Organizations: IMF's, Japan, Pacific Department, Bank of Japan Locations: IMF's Asia, Asia, Japan, China

☆ 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

☆ North Korea is cozying up to Russia. For China, that may be no bad thing.
▼ + stars: | 2024-10-25 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +4 min

North Korea is solidifying ties with Russia, a change from its usual focus on China. AdvertisementRussian President Vladimir Putin on Thursday appeared to confirm reports that North Korea had sent thousands of troops to eastern Russia. "But the Chinese are waiting for an opportunity where North Korea, Russia, and China can come stronger together, and I think North Korea sending the troops to Russia is a testimony to that." AdvertisementFor North Korea, China has long been its most important ally, providing trade, diplomatic support, and military aid to Kim Jong Un. Jim Hoare, a former UK diplomat who was posted to North Korea, told BI that even if China was frustrated by North Korea's increasing closeness to Russia, it should bide its time.

Persons: —, Vladimir Putin, Victor Cha, Jagannath Panda, Sari Arho Havrén, Kim Jong, Havrén, Ali Wyne, Jim Hoare, Hoare Organizations: Analysts, Service, Center for Strategic, International Studies, New York Times, Experts, Stockholm Center, South, Pacific Affairs, Royal United Services Institute, NATO Locations: Korea, Russia, China, North Korea, Ukraine, Washington, Beijing, South Korea, Japan, Eurasia, Pyongyang

☆ Xi undercut the West by negotiating a truce in China's long feud with India
▼ + stars: | 2024-10-25 | by ( Tom Porter | Hannah Abraham | ) www.businessinsider.com time to read: +6 min

China's Xi Jinping negotiated a truce with India's leader, Narendra Modi. AdvertisementAt the BRICS summit in Russia this week, China's leader Xi Jinping and India's Prime Minister Narendra Modi shook hands for the first time in five years. AdvertisementAfter their meeting at the summit hosted by Russia's President Vladimir Putin, Xi and Modi said they would continue discussions on resolving the issue. AdvertisementIn any case, its a setback in US attempts to include India in a deeper security alliance, he said. "For a long time, the US has tried to develop security and defense ties with India," said Panda.

Persons: China's Xi Jinping, Narendra Modi, that's, —, Xi Jinping, Vladimir Putin, Xi, Modi, Jagannath Panda, Putin, Zhiqun Zhu, Zhu, Yawar Nazir, Praveen Donthi, there's, Rahul Bhatia, Donthi, it's Organizations: Service, India's, Russia's, US, Stockholm Center, South, Pacific Affairs, Bucknell University, America, Reuters, Quad Alliance, Getty, Eurasia Group Locations: China, Russia, Washington ,, India, Japan, Australia, United States, Beijing, Asia, Pacific, Indian, Leh, South Asia, Europe, Ukraine, Taiwan

☆ Asia-Pacific markets mixed ahead of Japan elections; Tokyo inflation slows
▼ + stars: | 2024-10-25 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets were mixed on Friday, with investors awaiting Japan's general election over the weekend. Japan also released its October inflation numbers for the capital city of Tokyo on Friday, its last key economic data before the election. Tokyo's inflation is widely considered a leading indicator of nationwide trends. The city's headline inflation rate fell to 1.8% in October from 2.2% the month before, with core inflation — which strips out prices of fresh food — also coming in at 1.8%, down from 2%. Economists polled by Reuters had forecast the core inflation rate in Tokyo to slow to 1.7% in October.

Persons: Japan's Organizations: Reuters Locations: Asia, Pacific, Japan, Tokyo

☆ European stocks set to slip at open; Mercedes car earnings plummet
▼ + stars: | 2024-10-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

European stock markets are heading for a lower open Friday, rounding off a largely negative week for global stocks as third-quarter earnings season has ramped up. The pan-European Stoxx 600 has shed 1.14% in the week to date, though managed a slight gain Thursday. Corporate results have proven a mixed bag, with many banks beating expectations but investor sentiment remaining wary. On Friday, Mercedes reported a 64% plunge in operating profit in its core cars division, blaming "weaker macroeconomic conditions and fierce competition, mainly in Asia." High-end European drinks firms are being hit by higher duties on their Chinese exports, in a retaliatory move for European Union tariffs on Chinese electric vehicles.

Persons: Mercedes, Remy Cointreau Organizations: European Locations: Asia, U.S

☆ Leaders meet at Commonwealth summit with slavery reparations on agenda
▼ + stars: | 2024-10-24 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

APIA, Samoa — The leaders of the Commonwealth grouping of nations met on Thursday ahead of a summit in the South Pacific nation of Samoa that will feature talks on climate change and the question of reparations for Britain’s role in transatlantic slavery. More than half of the Commonwealth’s members are small nations, many of them low-lying islands at risk from rising sea levels caused by climate change. Among them is Tuvalu, whose climate change minister, Maina Vakafua Talia, urged the grouping to strive for the Paris Accord’s warming goal of 1.5 degrees C (2.7 degrees F), calling new fossil fuel projects a “death sentence” for his country. Island leaders are expected to issue a declaration on ocean protection at the summit, with climate change being a central topic of discussion. “Climate change is an existential threat,” Australian Foreign Minister Penny Wong told a press conference after a meeting with counterparts.

Persons: Samoa —, King Charles, Maina Vakafua Talia, ”, Penny Wong, ” King Charles III, Queen Camilla, Chris Jackson, Charles, Antonio Guterres, Fiame Naomi Mata’afa, Anthony Albanese, Keir Starmer, Starmer, Eric Phillips, Kingsley Abbott, Frederick Mitchell, ” Abbott Organizations: Commonwealth, Government, Getty, United Nations, Australian, Caribbean Community, African Union, London University’s Institute of Commonwealth Studies, BBC, CARICOM Locations: APIA, Samoa, Commonwealth, South Pacific, Tuvalu, Paris, Apia, Zambia, Britain, France, Portugal, Bahamas, Americas, Brazil, Caribbean

BEIJING — The United States will judge China “on its actions, not just its words,” U.S. “It’s very important that we have these channels of communication,” Burns said in an exclusive interview in Beijing on Wednesday. “We want to be responsible for our own people, but also for the world as we conduct this relationship,” Burns said. During their summit last year, the two leaders said there should be more people-to-people exchanges between their countries, including in academics, business and tourism. It’s a very challenging relationship,” Burns said.

Persons: China “, China Nicholas Burns, Burns, ” Burns, Joe Biden, Donald Trump, Biden, Xi Jinping, It’s, ” Janis Mackey Frayer, Jennifer Jett Organizations: China, U.S, NBC, Pacific, Ukraine, Chinese Commerce Ministry, United Nations, Biden, Embassy, Foreign Ministry, American Chamber of Commerce Locations: BEIJING, United States, China, U.S, Beijing, People’s Republic of China, Asia, Pacific, South, Taiwan, Washington, South Korea, Japan, Philippines, Russia, Ukraine, Xinjiang, Tibet, Hong Kong, Gaza, Israel, California, Shanghai

☆ Boeing machinists reject new labor contract, extending strike
▼ + stars: | 2024-10-24 | by ( Leslie Josephs | ) www.nbcnews.com time to read: +3 min

Boeing machinists voted against a new labor deal that included 35% wage increases over four years, their union said Wednesday, extending a more than five-week strike that has halted most of the company’s aircraft production, which is centered in the Seattle area. The strike is costing the company about $1 billion a month, according to S&P Global Ratings. The International Association of Machinists and Aerospace Workers union had originally sought wage increases of 40%. The strike began as Boeing was working to ramp up production of the 737 and other aircraft. Spirit AeroSystems last week said it would temporarily furlough about 700 workers and that layoffs or other furloughs are possible if Boeing machinists’ strike continues.

Persons: Boeing machinists, Kelly Ortberg, machinists, ” Ortberg, CNBC’s “, Ortberg’s, “, ”, Jon Holden, AeroSystems Organizations: Boeing, Puget, International Association of Machinists, Aerospace Workers, Workers, IAM Locations: Seattle, Oregon, Pacific Northwest, South Carolina

☆ As North Korea, Iran and China support Russia’s war, is a ‘new axis’ emerging?
▼ + stars: | 2024-10-24 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +11 min

The remains of an unidentified missile, which Ukrainian authorities claimed to be made in North Korea, is seen at a site of a Russian strike in Kharkiv, Ukraine on January 2. China, Russia and Iran have also held four joint naval drills since 2019, and China is by far Iran’s largest energy buyer. Beijing also carefully manages its relationship with North Korea – which is almost wholly economically and diplomatically dependent on China. “Russia, North Korea, Iran is the type of grouping that China least wants to openly associate itself with,” said Tong Zhao, a senior fellow at the Carnegie Endowment for International Peace. An Iranian military boat patrols ahead of the start of a joint naval drill of Iran, Russia and China in the Indian Ocean in May.

Persons: They’ve, Lloyd Austin, George W, Bush’s, ”, Kim Jong, Kim, there’s, what’s, Bashar al, Assad, Israel –, Xi Jinping, Putin, Alex Gabuev, Sofiia Gatilova, Xi, Loup, “, Tong Zhao, Zhao, Sydney Seiler Organizations: Hong Kong CNN, Korean, Moscow’s, US, North, West, Carnegie Russia Eurasia Center, China’s, National University of Singapore’s Middle East Institute, Carnegie Endowment, International Peace, Iranian Army, AP, UN, National Defense Strategy, NATO, Center for Strategic, International Studies Locations: Hong Kong, Russia, Ukraine, United States, Tehran, China, Iran, North Korea, Washington, Europe, Pacific, Nazi Germany, Fascist Italy, Imperial Japan, Iraq, South Korea, Pyongyang, Syria, Beijing, Moscow, Berlin, Kharkiv, Kazan, Israel, Jean, South, Taiwan, “ Russia, ”, Iranian, Asia, Australia, Japan, New Zealand, North Asia, Sydney

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