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The aviation industry, battered by years of pandemic curbs, has also been critical of the decisions to impose testing on travellers from China. China reported five new COVID deaths in the mainland for Thursday, bringing its official virus death toll to 5,264, one of the lowest in the world. Hong Kong's Cathay Pacific Airways (0293.HK) said on Thursday it would more than double flights to mainland China. Except for airplane wastewater testing by Malaysia and Thailand for the virus, the region's 11 nations will treat Chinese travellers like any others. As many as 76% of Chinese travel agencies ranked Southeast Asia as the top destination when outbound travel resumed, according to a survey released in December by trade show ITB China.

The longer that job market strength persists, the more Fed officials may feel compelled to break it with ever-higher interest rates. "I don't think we can understate the importance of labor market outcomes," Duy wrote. Reuters Graphics'SURGE PRICING'The job market has befuddled central bankers during the COVID-19 pandemic as much as inflation. Early expectations that a flood of workers back into the labor market would ease wage and hiring conditions proved optimistic. Officials then expected inflation to rise for any number of reasons, from the Fed's own massive bond purchases to a steadily falling unemployment rate.

☆ Snowless slopes spoil winter skiing across Europe
▼ + stars: | 2023-01-05 | by ( Jeremy Schultz | ) www.reuters.com time to read: 1 min

Global health officials tried to determine the facts of China's raging COVID-19 outbreak and how to prevent a further spread as the Communist Party's mouthpiece newspaper rallied citizens for a "final victory" over the virus.

☆ Morning bid: Rate cut talk, already!
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +3 min

Indeed, minutes from the Fed's December meeting, released on Wednesday, cautioned against expectations for late-year rate cuts that traders have priced in. They price in roughly 40 basis points worth of rate cuts in the second half of the year and the key is whether inflation will slow enough for the Fed to ease. So perhaps it is too early to be talking about rate cuts? Still, U.S. stock futures point to a weak start for Wall Street shares , and European shares are a touch softer too. Gas prices are falling fastKey developments that may provide direction to U.S. markets later on Thursday:- U.S. Nov trade data.

☆ Goldman Sachs: Buy these 20 stocks poised for up to 50% upside over the long term as inflation cools down in 2023
▼ + stars: | 2023-01-05 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +4 min

Inflation is expected to cool down in 2023, partly due to the Inflation Reduction Act. Last March, Fed Chair Jerome Powell embarked on an aggressive interest rate-hiking cycle, while President Joe Biden signed the Inflation Reduction Act in August. 20 stocks to profit from taming inflationAccording to Lee, IRA tailwinds could drive over 50% upside in earnings or stock prices in 20 select stocks as early as 2023. Surprisingly, the 20 stocks poised to benefit from IRA also included names from energy services and financials, two sectors with "underappreciated upside," Lee wrote. Below are the 20 stocks Lee and his team identified as the biggest IRA beneficiaries.

The latest vote saw a core group of GOP holdouts nominate and vote for Florida Rep. Byron Donalds, a sophomore Republican lawmaker who on Tuesday had publicly shifted his support away from McCarthy. While the vote is still ongoing, enough Republicans have abandoned McCarthy to leave him shy of the 218 he needs to win the coveted seat. WASHINGTON — In the fourth vote in two days, Republican leader Kevin McCarthy, R-Calif., again failed to secure enough support to win the U.S. House speakership. House Minority Leader Kevin McCarthy (R-CA) is seen at the US Capitol in Washington, DC on December 21, 2022. Kevin McCarthy will do a good job, and maybe even a GREAT JOB – JUST WATCH!"

☆ Elon Musk's lawyers subpoena head of Saudi Arabia's $620 billion wealth fund for Tesla 'funding secured' tweets case
▼ + stars: | 2023-01-04 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Investors are suing Elon Musk over an August 2018 tweet where he claimed he had "funding secured" to take Tesla private. Musk's lawyers have subpoenaed Saudi Arabia's top wealth manager to be a defense witness in the upcoming court case. Text messages disclosed in April showed Musk raging at Yasir Al-Rumayyan for not supporting his efforts to privatize Tesla. PIF is a sovereign wealth fund – meaning that it invests on behalf of Saudi Arabia's government. Read more: Elon Musk raged at the head of the Saudi sovereign wealth fund for failing to support his bid to take Tesla private, texts show

Meanwhile, World Health Organization officials met Chinese scientists on Tuesday amid concerns over the accuracy of China's data on the spread and evolution of its outbreak. China reported five new COVID-19 deaths for Jan. 3, compared with three a day earlier, bringing the official death toll to 5,258, very low by global standards. British-based health data firm Airfinity has said about 9,000 people in China are probably dying each day from COVID. Bookings for international flights from China have risen by 145% year-on-year in recent days, the government-run China Daily newspaper reported, citing data from travel booking platform Trip.com. But there are signs that an increase in travel from China could further spread the virus abroad.

☆ Josh Brown warns we could break the October lows, but has stocks to buy for second half
▼ + stars: | 2023-01-03 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Josh Brown issued a warning for investors on Tuesday, noting that new bear market lows could soon be reached. I think we break the October lows," Brown, the CEO of Ritholtz Wealth Management, said Tuesday on CNBC's " Halftime Report ." Brown pointed to one view held among even bullish strategists on Wall Street that stocks will sell off in the first half of 2023, before rebounding in the second half of the year. "It's so much more rational to be in that camp, given all the headwinds, all of the negativity," Brown added. Brown named aerospace and defense as his favorite sector for 2023, saying equities in the sector will serve as an hedge for growing geopolitical risks this year.

☆ Priests from Cuba’s Santeria religion see hard year ahead
▼ + stars: | 2023-01-02 | by ( Marc Frank | ) www.reuters.com time to read: +2 min

HAVANA, Jan 2 (Reuters) - Priests from Cuba’s Afro-Cuban Santeria religion on Monday warned of a difficult year ahead and called on followers to guard against calamities and mounting social ills after a tough year in 2022 in which a record number of Cubans left the Communist-run island. "Do not delay pending religious works and consecrations,” the priests, known as babalawos and grouped together in the Yoruba Cultural Association of Cuba, advised in their Letter of the Year published Sunday. “Natural disasters are forecast due to hurricanes, sea turmoil and river flooding with economic and human losses,” their Letter said. A record number of Cubans left, with some 250,000 entering the United States according to U.S. government statistics, the majority crossing over the Mexican border. "I am very hopeful that Cuba and the United States will reach an agreement."

As each new year emerges, I reflect on the year before and beat myself up about what didn’t work out. That someone might be a younger version of you, begging for a chance to share their insight. Instead of excitement, I often just feel relieved that the urge to do something meaningful is temporarily muted. Right now, that tween is my wisest teacher, whose first lesson was a simple demand that I try to respect myself again. I’ve been held hostage by self-loathing and perfectionism in recent years, but thanks to my inner tween, next year’s resolutions are all about liberation.

☆ Here's how the U.S. economy could escape a recession in 2023
▼ + stars: | 2022-12-30 | by ( Jeff Cox | ) www.cnbc.com time to read: +12 min

The U.S. economy heads into 2023 facing what might be the most anticipated recession in history. That basically means some parts of the economy will feel like they're in a recession while others won't. "Some areas of the economy may not feel like they actually are in recession. "For certain parts of the economy, it will feel like a very deep recession. For other parts, it will feel like a healthy growth economy, particularly in the parts of the economy where we see strong demand," she said.

☆ Beijing Calls for Measured, Science-Based Response to Its Covid Outbreak
▼ + stars: | 2022-12-29 | by ( Chun Han Wong | ) www.wsj.com time to read: 1 min

HONG KONG—Beijing called on foreign governments to abide by scientific principles in setting travel protocols, after the U.S. joined a growing group of countries that are imposing Covid-screening measures on travelers from China. On Wednesday, the U.S. said it would require travelers arriving from China to show negative Covid test results or documents proving their recovery from a recent infection. Federal health officials cited concerns over a lack of accurate data from Beijing that can be used to detect new coronavirus variants that may be emerging from the outbreaks now raging across the Chinese mainland.

☆ Casino blaze at Cambodia-Thailand border kills 7, dozens hospitalised
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +2 min

Dec 29 (Reuters) - An overnight fire at a casino complex in a Cambodian border town has killed at least seven people, and left 53 injured and eight missing, authorities in neighbouring Thailand said on Thursday. The fire broke out at about midnight on Wednesday at Grand Diamond City, a casino and hotel in the town of Poipet, according to Cambodian police. Poipet's casinos are hugely popular with short-term visitors from Thailand, where gambling is illegal and unlicensed casinos operate underground. At least 32 people were being treated in hospitals in Sa Kaeo province across the border, Thailand's health ministry said. Cambodia has casino complexes in Phnom Penh and along its borders with Vietnam and Thailand.

☆ 2022 was the year the Overconfidence Man fell back to earth
▼ + stars: | 2022-12-29 | by ( Maureen Tkacik | ) www.businessinsider.com time to read: +22 min

Naturally, Elon Musk, the platonic ideal of the peculiar self-aggrandizing, self-parodying personality type that thrived during the Trump years and peaked during the pandemic, tops this list. By 2022, the media had pronounced him variously the next Warren Buffett, J.P. Morgan and Charles Koch. "bye bye @trussliz Congrats to lettuce", tweeted Putin's one-time stand-in Dmitry Medvedev, to which Elon Musk could not resist replying, "pretty good troll tbh." Elon Musk speaks at the 2020 Satellite Conference and Exhibition in March 2020. Elon MuskIt's weird to recall now that Elon Musk once seemed like, graded on the billionaire curve anyway, a net positive for a cursed American society.

☆ Pele or Maradona? Debate will continue raging over who was greater
▼ + stars: | 2022-12-29 | by ( ) www.reuters.com time to read: +4 min

[1/2] Soccer legends Diego Maradona and Pele rest on a hammock during a reception in Rio de Janeiro, Brazil, May 14, 1995. Pele thought Maradona was gauche and undignified and Maradona thought Pele was a sell-out. Pele was happy to counsel the budding star, and Maradona excited to be fulfilling his dream of meeting the Brazilian. But their relationship soured in 1982 after Pele criticized Maradona when he was sent off for stamping on a Brazilian in a World Cup tie in Spain. Portugal's Cristiano Ronaldo, eclipsed by Messi at the Qatar World Cup, was more expansive, calling the Brazilian "King Pele" and an inspiration to millions.

☆ 8 money books that can help you build wealth in 2023, according to real estate investors, 'super savers,' and finance experts who have read them cover-to-cover
▼ + stars: | 2022-12-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Another popular choice among real estate investors specifically is "Rich Dad Poor Dad." It was Ramit Sethi's popular money book that taught them how to be more intentional when it came to spending. Real estate"Retire on Real Estate" by Kai AndersonAvery Heilbron, who achieved financial freedom before 30 partly thanks to his investment properties, says that "Retire on Real Estate" is what nudged him in the direction of buying property to build wealth. Courtesy of Avery HeilbronIf you want to build long-term wealth, "I think real estate is 100% the best thing," Heilbron said. "Rich Dad Poor Dad" by Robert KiyosakiThis classic by Robert Kiyosaki is a favorite among real estate investors and early retirees, including Mike Zuber, who was able to quit his day job in his 40s thanks to his lucrative real estate portfolio.

☆ Russia's invasion of Ukraine was a 'geopolitical earthquake' that defined 2022 and has transformed the world for years to come
▼ + stars: | 2022-12-24 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +10 min

An unthinkable, nightmare scenario was now a reality — the largest military conflict in Europe since World War II had begun. The war, which is still raging on, will continue to shape the world in the year to come and likely long after. "Russia's invasion of Ukraine represented a geopolitical earthquake, scrambling the entire chessboard of global politics," Ivo Daalder, a former US ambassador to NATO, told Insider. Some experts have warned that the nuclear dangers posed by the Ukraine war after are "far worse" than the Cuban missile crisis, which occurred 60 years ago this past October. Indeed, the global dimensions of the Ukraine war could make it an era-defining fight.

☆ TuSimple to lay off 25% of workforce
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +1 min

Dec 21 (Reuters) - TuSimple Holdings Inc (TSP.O) said on Wednesday it will lay off 25% of its workforce, or nearly 350 employees, as the self-driving truck company seeks to chart a course out of the economic upheaval that has been raging throughout the year. The company said it expects to record a one-time charge of nearly $10 million to $11 million, most of which would be recorded in the fourth quarter. The downsizing also follows the dramatic removal of chief executive Xiaodi Hou in October after an investigation by the company's board revealed that some employees spent paid hours last year working for Hydron Inc, a startup working on autonomous trucks mostly in China. Earlier this month, TuSimple also ended a deal with Navistar to co-develop trucks with autonomous driving capability. Reporting by Niket Nishant in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

LONDON, Dec 20 (Reuters) - India has been one of the strongest sources of global energy consumption growth in 2022 as the country's economy rebounded from the disruption and lockdowns caused by the coronavirus pandemic in 2020 and 2021. Generation has rebounded so fast it is now less than 1.5% below the pre-pandemic trend for 2015-2019, based on data from India's Central Electricity Authority. Chartbook: India energy consumptionManufacturing production has been gradually declining since the second quarter, based on estimates published by the Reserve Bank of India. As the country's external environment becomes increasingly adverse, energy consumption is likely to grow much more slowly in 2023. Related columns:- India's electricity shortage erased by renewables growth(Reuters, Nov. 25)- Dollar shock threatens global economy (Reuters, Sept. 29)- India's coal and electricity supplies are more comfortable this autumn (Reuters, Sept. 28)- John Kemp is a Reuters market analyst.

A woman broke into Robert De Niro's New York City townhouse Monday and tried to take all the presents around his Christmas tree while he was home, police said. At around 2:45 a.m., officers saw the woman, who is known to police and has prior arrests, inside the basement of the Oscar-winning actor's East 65th Street residence on the Upper East Side. "I didn't go to Robert De Niro's house," she could be heard saying in the video. Aviles has 26 previous arrests, including 16 this year on burglary and petit larceny charges, NBC New York reported. Seven of the burglaries, all of them on the Upper East Side, occurred within a three-week span that started around Thanksgiving, the senior police officials said.

☆ The Year in Pictures 2022
▼ + stars: | 2022-12-19 | by ( The New York Times | ) www.nytimes.com time to read: +57 min

Every year, starting in early fall, photo editors at The New York Times begin sifting through the year’s work in an effort to pick out the most startling, most moving, most memorable pictures. But 2022 undoubtedly belongs to the war in Ukraine, a conflict now settling into a worryingly predictable rhythm. Erin Schaff/The New York Times “When you’re standing on the ground, you can’t visualize the scope of the destruction. Jim Huylebroek for The New York Times Kyiv, Ukraine, Feb. 25. We see the same images over and over, and it’s really hard to make anything different.” Kyiv, Ukraine, Feb 26.

☆ Woman arrested stealing gifts from under Robert De Niro's Christmas tree
▼ + stars: | 2022-12-19 | by ( Jonathan Allen | ) www.reuters.com time to read: +1 min

NEW YORK, Dec 19 (Reuters) - New York City police arrested a woman caught stealing presents from beneath Robert De Niro's Christmas tree after breaking into the actor's apartment on the Upper East Side early on Monday morning, according to police and media reports. The 30-year-old woman was known to police for a string of previous burglary arrests and officers caught her inside the apartment stealing items, Tsui said. ABC News reported that she was stuffing presents from beneath a Christmas tree into a bag, and that De Niro, 79, was home at the time and came downstairs at the commotion. The woman was in custody and charges were pending against her, Tsui said. Reporting by Jonathan Allen, editing by Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.

☆ A food fight is raging over what we can and can't call 'meat'
▼ + stars: | 2022-12-17 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +13 min

Morten Toft Bech, the founder of a startup that makes plant-based meat alternatives, brought the animals in protest. Meat lobbies argue that plant-based products have stolen the concept of meat without matching its taste and nutrition standards, tarnishing the integrity and cultural importance of meat. It tends to argue that plant-based meat alternatives shouldn't be allowed to use meaty terms at all because, put simply, they aren't meat. Meat bodies want startups to come up with new terms for plant-based food that imitates meat. Both meat organizations and plant-based companies told Insider they encouraged a healthy, balanced diet.

"There are grave medical concerns," Erin Hyde told a federal judge in Orlando on Wednesday, according to a transcript of the hearing obtained by NBC News. Things took a stranger turn when the judge turned his attention to Josh Edwards, who did appear in the courtroom. Josh Edwards is taken into custody outside the Edwards family’s New Smyrna Beach home on Wednesday. Jon Levy / AFP via Getty ImagesThe 13-minute hearing ended with Evan Edwards’ lawyer telling the judge there were grave concerns around his health. The case centers on a Paycheck Protection Program loan application Josh Edwards filed in April 2020.

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