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☆ Morning Bid: Oil jumps as Middle East strife shakes markets
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +3 min

Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsA look at the day ahead in European and global markets from Wayne Cole. With one war already raging in Europe, a new conflict in the Middle East was bound to rattle the markets. If the U.S. tightens enforcement of sanctions, CBA analysts estimate around 0.5-1.0% of world oil supplies could be affected, which would push Brent atop $100 a barrel. A sustained rise in oil prices would be an unwelcome blow to inflation but also a tax on consumers, so the implication for interest rates isn't straightforward.

Persons: Agustin Marcarian, Wayne Cole, Brent, Luis de Guindos, Pablo Hernández, Cos, Andrea Enria, Fed's Logan, Edmund Klamann Organizations: REUTERS, Oil, Brent, Treasury, Nikkei, Hamas, Street Journal, United Nations, JPMorgan, Citi, Wells, Bank of Spain, Jefferson, Thomson Locations: Vaca, Patagonian, Neuquen, Argentina, Wayne, Israel, Europe, U.S, Asia, Tokyo, Iran, Tehran, Washington, Strait, Hormuz, Wells Fargo, Germany, Barr

☆ Yankees open four-game series against Red Sox with a doubleheader
▼ + stars: | 2023-09-12 | by ( Field Level Media | ) www.reuters.com time to read: +4 min

September 12 - September series between the longtime rival Boston Red Sox and New York Yankees typically have major playoff implications. The Red Sox have won eight of the first nine meetings this season. After an 0-for-9 start to the series, Triston Casas hit a three-run home run to punctuate Sunday's win for the Red Sox. "That's good for (Pivetta)," Red Sox manager Alex Cora said. The second game of the doubleheader will mark lefty Carlos Rodon's first outing against the Red Sox since 2021.

Persons: Reese McGuire, Triston Casas, punctuate, Nick Pivetta, James Paxton, Alex Cora, we'll, Pivetta, Kutter Crawford, Crawford, Aaron Boone's, Kyle Higashioka, Higashioka, You've, Randy Vasquez, Vasquez, Carlos Rodon's, Boone, Clarke, Schmidt, Rodon Organizations: Boston Red Sox, New York Yankees, American League East, Boston, Yankees, Sox, Tampa Bay, Baltimore, Red Sox, MLB, New, Milwaukee, Detroit, Tigers, Houston, Thomson Locations: New York, Tampa Bay, Rodon

☆ New York Yankees mired in longest losing streak in over 40 years
▼ + stars: | 2023-08-23 | by ( Ben Morse | Kevin Dotson | ) edition.cnn.com time to read: +2 min

CNN —The New York Yankees lost their ninth consecutive game Tuesday night, falling to 60-65 on the season in a 2-1 loss against the Washington Nationals at Yankee Stadium. The nine-game losing streak puts the team in their deepest slump in over four decades. The losing streak has seen the 27-time World Series champions slide to the bottom of the American League East standings and 10 games off the final wild card spot. Brett Davis/USA TODAY Sports/ReutersWith their sub-.500 mark, the Yankees haven’t had a losing record this many games into a season since 1992. Yankees starter Carlos Rodón, who allowed just one run over six innings pitched Tuesday, addressed the losing streak after the game.

Persons: Ben Rortvedt, Washington’s Carter Kieboom, CJ Abrams, Aaron Boone, ” Boone, Brett Davis, Yankees haven’t, Carlos Rodón, “, Rodón –, –, It’s, we’ve Organizations: CNN, The New York Yankees, Washington Nationals, Yankee, Yankees, Miami Marlins, Bronx Bombers, American League East, Atlanta Braves, USA, Reuters, Elias Sports Bureau, New, New York Giants, Nationals, Tampa Bay Rays Locations: Florida

☆ These are the top 10 U.S. cities where New Yorkers want to move—only 1 is in California
▼ + stars: | 2023-08-08 | by ( Celia Fernandez | ) www.cnbc.com time to read: +4 min

New York City is one of the most expensive American cities to live in, yet people from all around the world continue to flock there. Los Angeles is the only California city to make StreetEasy's list, while Florida had three cities rank in the top 10, including Tampa and Orlando. 1 U.S. city New Yorkers are moving to: Miami, FloridaMiami's popularity among New Yorkers continues to rise and the Florida city landed the top spot of cities residents are thinking about relocating to. Alexander Spatari | Moment | Getty ImagesTop 10 U.S. cities New Yorkers are moving toMiami, Fla. Philadelphia, Pa. Stamford, Conn. Atlanta, Ga. Tampa, Fla. Boston, Mass. It is considered the most significant financial district outside New York City, according to the city's Chamber of Commerce.

Persons: Douglas, StreetEasy, Goldman Sachs, Alexander Spatari, Sean Pavone, it's, Ned Lamont Organizations: New, Yorkers, Elliot Management, Fla ., Washington D.C, Philadelphia, Comcast Corporation, Toll, Burlington Stores, Burlington Stores . Philadelphia, Istock, Getty Images, Bloomberg, U.S . Postal Service, Charter Communications, city's Chamber of Commerce ., Getty Locations: Miami, Florida, New, New York City, Manhattan, The City, Yorkers, Los Angeles, California, Tampa, Orlando, U.S, United States, South Beach, Little Havana, . Miami , Florida, Fla . Philadelphia, Pa . Stamford, Conn, Atlanta, Ga, Fla, Boston, Mass, Fla . Los Angeles, Calif, Washington, East Stroudsburg, Pa, New York County, Kings County, Brooklyn, Queens County, Queens, Philadelphia, The Pennsylvania, Burlington Stores ., Getty Images Stamford , Connecticut, Connecticut, New York City for Connecticut, Stamford, city's Chamber of Commerce . Stamford , Connecticut

☆ Inside Prague's Institute of Crypto Anarchy — where they're plotting to bring down the dollar
▼ + stars: | 2023-08-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

Today, that union of minds finds refuge in Prague in a retrofitted factory building called Paralelní Polis, or "parallel world." The dark stucco of Polis' Prague headquarters is an outlier among the ornate, brightly-colored buildings that tower over it. ETHPrague 2023 was held at Paralelní Polis in the Czech Republic Pavel SinaglThe 'parallel world' concept is sticky. The Vienna branch goes so far as to self-describe as a living example of how "the Paralelní Polis cryptoliberation virus is spreading." The most popular Czech bitcoin YouTuber boasts 90k subscribers, while the annual Czech-only bitcoin conference called Chaincamp attracts around 2000 visitors, even during the bear market."

Persons: Czech Republic Pavel Sinagl, Ztohoven —, Ztohoven, provocateurs, Václav Benda, Dan Ligocký, Ligocký, William Lobkowicz, ethereum, Vitalik Buterin, Ethereum, Pavel Sinagl, Prague MacKenzie Sigalos, Holy, William, Ileana Lobkowicz, Josef Tětek, Tětek, isn't, biohacking, —, Carl Menger, Friedrich Hayek, BTCPrague, Michael Saylor, Satoshi cryptographer, Adam Back, Saifedean Ammous, bitcoin, Gary Gensler, bitcoin maximalist, Vaclav, — Matěj Žák, Jan Čapek, Christoph Kassas, YouTuber Jakub Vejmola, Jameson Lopp, Stephan Livera, Robert Breedlove, Stani Kulechov, Ondrej Polak, Czech Republic Pavel Sinagl Ligocky Organizations: Paralelní, CNBC, European Union, Polis, of Cryptoanarchy, Austrian, Securities, Exchange, Czech Craft, U.S, Treasury, Casa, Ethereum Foundation, Czech Blockchain Association, optimist Locations: Paralelní Polis, Czech Republic, Czech Republic Pavel Sinagl PRAGUE, Czech, Bohemian, Prague, It's, Polis, Polis —, Lobkowicz, Nazi, Vienna, Barcelona, Bratislava, Slovakia, Košice, Austrian, ., Alza, Bohemia, Europe, Old Town, Holešovice

☆ MLB roundup: O's pass Rays for division lead with 10-inning win
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +7 min

Felix Bautista (5-1) pitched scoreless ball in the ninth and 10th innings for Baltimore, which won for the 10th time in 12 games. Yandy Diaz hit a two-run double that tied the game 3-3 for the Rays but he struck out three times. Abbott (5-2), the first Cincinnati pitcher to work eight innings this season, retired the final 12 batters he faced. Lorenzen's streak now stands at 23 2/3 scoreless innings dating to June 30. Kopech, who picked up his first win in eight starts, walked four and struck out five in 5 2/3 innings.

Persons: Colton Cowser, Tommy Gilligan, Colton Cowser's, Aaron Hicks, Rutschman, Ryan O'Hearn, Felix Bautista, Adam Frazier's, Hicks, Robert Stephenson, Luke Raley, Bautista, Randy Arozarena, Brandon Lowe, Yandy Diaz, Andrew Abbott, Abbott, Luke Maile, Will Benson, Wilmer Flores, Alex Cobb, Austin Riley, Matt Olson, Kirby Yates, Miguel Castro, Zac Gallen, Orlando Arcia, Gallen, Atlanta's Spencer Strider, George Kirby, Teoscar Hernandez, Mike Ford, Kirby, Pablo Lopez, Christian Yelich, Corbin Burnes, Yelich, Taijuan Walker, Michael Lorenzen, Nick Maton, Akil Baddoo, Zack Greinke, hasn't, Andy Ibanez, Eric Haase, Ibanez, Chris Bassitt, Vladimir Guerrero Jr, Alejandro Kirk, Bassitt, Jordan Romano, Xander Bogaerts, Blake Snell, Elvis Andrus, Michael Kopech, Omar Narvaez, Kopech, Jose Quintana Organizations: Baltimore Orioles, Los Angeles Dodgers, Oriole, Camden Yards, Tampa Bay Rays, Orioles, American League East, Baltimore, Rays, Reds, Giants, Cincinnati, San Francisco, Braves, Diamondbacks, Atlanta, Mariners, Seattle, Minnesota, Twins, Brewers, Phillies, Philadelphia, National League, Tigers, Royals, Kansas City, Blue Jays, Padres, Toronto, Diego, White Sox, Mets, Chicago, New York . White Sox, Thomson Locations: Baltimore , Maryland, USA, St . Petersburg, Fla, Tampa Bay, Cincinnati, San Francisco, Arizona, Milwaukee, Detroit, San Diego, New York

☆ Japan, Saudi Arabia set to agree on rare earth resources joint development - Nikkei
▼ + stars: | 2023-07-15 | by ( ) www.reuters.com time to read: +1 min

TOKYO, July 15 (Reuters) - Japan and Saudi Arabia are expected to agree on joint investment to develop rare earth resources during Prime Minister Fumio Kishida's visit to the Middle East starting Sunday, Nikkei reported. Kishida plans to visit oil producers Saudi Arabia and United Arab Emirates, as well as liquefied natural gas producer Qatar - the three major energy suppliers to resources-poor Japan - on July 16-18. Rare earth resources are essential for decarbonisation and production of electric vehicles in particular as Japan aims to be carbon-neutral by 2050 and Saudi Arabia is also actively trying to diversify its oil-reliant economy. According to Nikkei on Saturday, Kishida and Saudi Crown Prince Mohammed bin Salman are set to agree on rare earth resources cooperation on Sunday to jointly explore development projects in other countries. Japan will also help to speed-up development of resources currently being explored in Saudi Arabia and namely copper, iron and zinc, Nikkei added.

Persons: Fumio Kishida's, Kishida, Saudi Crown Prince Mohammed bin Salman, Katya Golubkova, Michael Perry Organizations: East, Nikkei, United, Saudi Crown, Thomson Locations: TOKYO, Japan, Saudi Arabia, United Arab Emirates, Qatar, Kishida

☆ India eases curfew in violence-hit Manipur
▼ + stars: | 2023-06-18 | by ( Zarir Hussain | ) www.reuters.com time to read: +2 min

GUWAHATI, India, June 18 (Reuters) - Indian authorities said on Sunday they had started to relax a curfew imposed in violence-hit Manipur after 45 days of civil unrest in the north-east state, seeking to reduce anger spilling onto the streets and restore normalcy. Meiteis, the dominant community in the low lands of the state, who account for half of state's population, demand extension of limited affirmative action quotas to them. But Kukis fear it would mean Meiteis would get a greater share in education and government jobs reserved for them. "We believe that if the prime minister takes action, then peace in Manipur can be restored in 24 hours," said Nimaichand Luwang, an opposition lawmaker in Manipur. A senior home ministry official in New Delhi said at least 32,000 security forces will continue to support local police until normalcy is restored.

Persons: Diana Devi, Narendra Modi's, Modi, Nimaichand Luwang, Rupam Jain, Lincoln Organizations: Thomson Locations: GUWAHATI, India, Manipur, Imphal, Myanmar, Meiteis, New Delhi

☆ The Places Most Affected by Remote Workers’ Moves Around the Country
▼ + stars: | 2023-06-17 | by ( ) www.nytimes.com time to read: +11 min

Source: American Community SurveyThis rising mobility was driven by remote workers who sought new housing in their same metro areas, but also by a wave of remote workers decamping to other parts of the country. The rise of remote work meant that many such workers moved into these places, too. But for New York, San Francisco, Washington and Los Angeles, significantly more remote workers left than arrived. New York Metro Area Net domestic migration of workers Prepandemic 2018-19 Pandemic 2020-21 In-person workers Remote The N.Y.C. The remote workers identified this way may range from hybrid workers who primarily work from home to permanent remote workers and self-employed people who have no nearby office to visit.

Persons: ”, Hans Johnson, Johnson, Nicholas Bloom, Mr, Bloom, Adam Ozimek, Ozimek, Eric Carlson, It’s, “ Organizations: San, Major Metros, metros, York, Angeles, Washington, Seattle, Raleigh, Diego, Dallas, Sacramento, Hartford, American, Survey, San Jose metros, New York Metro Area Net, Public, Institute of California, Remote Workers, American Community Survey, Stanford, Economic Locations: San Francisco, New York, San Francisco , Washington, Los Angeles, Austin, Denver, Dallas, Nashville, Jose, Calif, Austin , Texas, N.C, Portland, Ore, Va, Conn, California, Bay Area, Washington, Ocean City, N.J, Cape Cod, Salisbury, Md, Maryland, Delaware, Fla, Stroudsburg, Pa, S.C, Panama City, Duluth, Minn

☆ Assad banks on new 'global order' to help revive his status
▼ + stars: | 2023-05-22 | by ( Cnn Staff | ) edition.cnn.com time to read: +7 min

During his address, Assad presented himself as an elder statesman, lecturing his neighbors about the need to take advantage of changes in global politics. “Today we are faced with an opportunity of change in the global order, which has become multipolar due to the hegemony of the West, which is devoid of principles, morals, friends or partners,” Assad told the summit, held in the Saudi port city of Jeddah. But observers have differed as to whether real economic cooperation with Syria is possible without access to the Western financial system, which has been blocked by Western sanctions on the country. “They can also try working with or through Russia, and possibly with and through Iran – although that carries its own obvious risks,” he said, referring to Arab states that want to do business in Syia. There are plenty of ways of doing this.”Assad’s ultimate goal however, said Landis, is to get sanctions lifted with the help of Arab states.

☆ Analysis: Qatar takes diplomatic back seat as Saudi flexes political muscle
▼ + stars: | 2023-05-18 | by ( Andrew Mills | ) www.reuters.com time to read: +6 min

Qatar has been steadily mending ties with Saudi Arabia, Egypt, the United Arab Emirates and Bahrain. Qatar cast the Syrian National Coalition as a government-in-exile, handing them Syria's Arab League seat and opening the Doha mission in a villa nearby other embassies. Several Gulf states including Qatar, Saudi Arabia and the United Arab Emirates began backing rebel groups fighting to oust Assad from power. As Syria's anti-Assad movement lost ground, "Saudi Arabia and the UAE shifted their policy most dramatically but Qatar has not," Kamrava said. Qatar initially opposed efforts this spring by Saudi Arabia to galvanise support to readmit Syria to the Arab League following its 2011 suspension.

We are experiencing the result of this marathon with you tonight," Erdogan, 69, told thousands of flag-waving supporters from the balcony of his party's headquarters. But Erdogan, a veteran of a dozen election victories, emerged comfortably ahead of Kilicdaroglu, though just short of the majority needed to win. The outcome reflects the strong support Erdogan still commands, especially in religiously conservative regions where voters long felt marginalised by a once-dominant secular elite. Over two decades, Erdogan has redrawn Turkey's domestic, economic, security and foreign policy, rivalling historic leader Mustafa Kemal Ataturk who founded modern Turkey a century ago. Erdogan's government said the purge was justified by threats from coup supporters, as well as Islamic State and the PKK.

The son of a sea captain, Erdogan has faced stiff political headwinds ahead of Sunday's election: he was already facing blame over an economic crisis when a devastating earthquake hit in February. Critics accused his government of a slow response and lax enforcement of building rules, failures they said could have cost lives. Two days before the vote, Erdogan said he came to office through the ballot boxes and if he had to, would leave the same way. A veteran of more than a dozen election victories, the 69-year-old Erdogan has taken aim at his critics in typically combative fashion. "I swear, Erdogan can solve it with a flick of his wrist," she said at a market in central Istanbul.

☆ Syria: Arab countries don't see where U.S. policy is leading, says academic
▼ + stars: | 2023-05-08 | 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 EmailSyria: Arab countries don't see where U.S. policy is leading, says academicJoshua Landis, director of the Center for Middle East Studies at the University of Oklahoma, says "now that Iran and Saudi Arabia are in dialogue … there's really no reason not to normalize with Syria as well."

[1/2] Turkish President Tayyip Erdogan addresses his supporters during a rally ahead of the May 14 presidential and parliamentary elections, in Izmir, Turkey April 29, 2023. As he seeks to shore up his appeal among conservative voters, Erdogan has also spoken against homosexuality, describing LGBT rights as a "deviant" concept he would fight. 'BUILDING TURKEY TOGETHER'Polls suggest voting could go to a second round and some show Erdogan trailing. "I swear, Erdogan can solve it with a flick of his wrist," she said at a market in central Istanbul. The interventions won few allies, however, and faced with a struggling economy the countdown to the election, Erdogan sought rapprochement with rivals across the region.

☆ Column: Middle East starts cleaning up its power act with renewable push
▼ + stars: | 2023-04-05 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +5 min

Middle East renewables capacity jumped by 12.8% in 2022 from the year before, the biggest gain in percentage terms of any region last year, according to the International Renewable Energy Agency (IRENA). The region's largest renewables producers - Iran, Israel, United Arab Emirates and Jordan - all lifted green capacity to new highs in 2022. Middle East renewable energy supply capacity increased by 12.8% in 2022 from the year beforeIn addition, Qatar, Oman and Lebanon all connected more renewable capacity in 2022 than was installed over the previous decade in those countries, IRENA data shows. In combination, these factors have fostered rapidly growing support for renewable energy development throughout the Middle East, and expectations for further accelerations in renewable capacity development in the years ahead. Asia, Middle East & Africa are the only regions that increased power sector fossil fuel emissions since 2015Asia, Africa and the Middle East are also the only regions to steadily increase power sector emissions since 2015, while Europe, North America, Latin America and Oceania have all pushed power emissions lower.

☆ Xi promotes China as peacemaker on first trip to Russia since Ukraine invasion
▼ + stars: | 2023-03-20 | by ( Jennifer Jett | ) www.cnbc.com time to read: +8 min

In this grab taken from video, China's President Xi Jinping, left, speaks with Russian President Vladimir Putin during their meeting in Moscow, Russia, Monday, March 20, 2023. Russia, China and the U.S. are not members of the court. "I am pleased to once again set foot on the soil of our friendly neighbor Russia," Xi said in a statement after arriving in Moscow on Monday for the three-day state visit. Xi said his Russia trip was intended to strengthen the strategic partnership between the two countries in a world faced with "damaging acts of hegemony, domination and bullying." The Chinese Foreign Ministry has not confirmed reports that Xi may hold a virtual meeting with Zelenskyy after his trip to Moscow.

After serving as mayor of Istanbul, he stepped onto the national stage as head of the AK Party, which triumphed in 2002 national elections. Western allies initially saw Erdogan's Turkey as a vibrant mix of Islam and democracy which could be a model for Middle East states struggling to shake off autocracy and stagnation. Faced with a struggling economy, a weak currency and a countdown to this year's election, Erdogan sought rapprochement with rivals across the region. Now he must convince voters he is the leader to rebuild Turkey from the rubble after this month's earthquake. That will be, in all likelihood, to the detriment of the ruling AK Party and President Erdogan," said Sinan Ulgen, director of the Istanbul-based Centre for Economic and Foreign Policy Studies.

☆ Britain's V&A museum secures David Bowie archive, will make public in 2025
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +2 min

LONDON, Feb 23 (Reuters) - London's V&A museum said on Thursday it had secured the archive of late music star David Bowie for the nation, acquiring more than 80,000 items spanning his career that will be made available to the public from 2025. The museum, which hosted the critically acclaimed "David Bowie Is" exhibition in 2013, will open The David Bowie Centre for the Study of Performing Arts at its V&A East Storehouse in east London, where fans, school pupils and researchers will be able to gain insight into the pioneering British singer-songwriter's creative process. "The archive is fascinating, it follows David Bowie's career and his life was art," Kate Bailey, senior curator and producer, theatre and performance at the V&A, told Reuters. "With David’s life’s work becoming part of the UK’s national collections, he takes his rightful place amongst many other cultural icons and artistic geniuses," a spokesperson from the David Bowie Estate, said in the V&A statement about the acquisition. The museum said it secured the archive and could create the new centre thanks to the David Bowie Estate and a 10 million pound ($12 million) donation from the Blavatnik Family Foundation and Warner Music Group.

☆ Fact Check-Embassies say there is no truth to claims about Western diplomats fleeing Turkey before the Feb. 6 earthquake
▼ + stars: | 2023-02-21 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

Reuters found no evidence supporting claims online that eight ambassadors to Turkey left the country 24 hours before the Feb. 6 deadly earthquake. The U.S. and Belgian embassies in Turkey did not immediately respond to Reuters request for comment. There is also no evidence to support claims these countries’ ambassadors knew about the earthquake beforehand. The online claims may have been inspired by this news, but this meeting took place in Turkey. Reuters found no evidence of claims that eight Western ambassadors to Turkey left the country 24 hours before the Feb. 6 earthquake.

☆ In this volatile housing market, here's how to know when the bottom is in
▼ + stars: | 2023-02-18 | by ( Tim Mullaney | ) www.cnbc.com time to read: +13 min

"People for the most part have come to terms with interest rates." No return of 2008, or 3% mortgage rate The biggest reason why housing prices aren't plunging like they did after 2008? At current levels, the Housing Affordability Index says the median buyer can afford the median U.S. home — but barely. Having seen 6 percent interest rates when she bought her first place in 2007, she's not daunted by today's rates, she said. "People have wrapped their heads around where interest rates are, and they have adapted," Fisher said.

☆ Tuesday Morning says it wants to close 265 stores as part of its bankruptcy filing. See if your local store is on the list.
▼ + stars: | 2023-02-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +30 min

Camarillo: Camarillo Village Square, 2450 Las Posas Road, Ste HCamarillo Village Square, 2450 Las Posas Road, Ste H Roseville: Fairway Commons Shopping Center, 5771A Five Star Blvd. San Diego: Pacific Plaza Shopping Center, 1772‐D Garnet AvenuePacific Plaza Shopping Center, 1772‐D Garnet Avenue Woodland Hills: Pride Shopping Center, 22950 Victory Blvd. Winston-Salem: Whitaker Square Shopping Center, 1947 North Pease Haven Road, Space #1947Whitaker Square Shopping Center, 1947 North Pease Haven Road, Space #1947 Matthews: Windsor Square Shopping Center, 9945 E. Independence Blvd. ; Westhill Village Shopping Center, 7525 WestheimerWeslayan Plaza West Shopping Center, 5442‐A Weslayan Street; Westheimer Commons, 12568 Westheimer Rd. ; Westhill Village Shopping Center, 7525 Westheimer El Paso: West Towne Marketplace, 6450 N. Desert Blvd., Ste.

☆ Is the iPhone's 'Made in India' era beginning as Apple breaks with China?
▼ + stars: | 2023-02-10 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

Minister of Commerce and Industry Piyush Goyal said Apple was already making between 5% and 7% of its products in India. His comments come at a time when Foxconn (HNHPF), a top Apple supplier, is looking to expand its operations in India after suffering severe supply disruptions in China. For years, Apple had relied on a vast manufacturing network in China to mass produce iPhones, iPads and other popular products. China headaches mountBut the world’s most valuable company posted shockingly weak earnings this month, partly because of its recent problems in China. According to Counterpoint’s Pathak, India accounts for 16% of the global smartphone production, while China constitutes 70%.

Damascus has long said aid to the rebel enclave in the north should go via Syria not across the Turkish border. Jordan and the UAE, which once backed Syria's opposition but have normalised ties with Assad in recent years, have sent aid to Damascus, Syrian state media has reported. WRANGLE OVER RESOURCESMoscow has long argued that delivering aid to northwest Syria from Turkey violates Syrian sovereignty. But he said aid flows must be coordinated with the government and delivered through Syria not across the Turkish border. The Damascus-based Syrian Red Crescent called for lifting of sanctions, which Syria's government has long blamed for mounting economic hardship.

☆ Morning bid: Dodging a downturn
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +5 min

A look at the day ahead in U.S. and global markets from Mike Dolan. Global investors have fretted endlessly about a 2023 recession for the major global economies for more than six months. And Tuesday's latest economic healthcheck showed that the severe hit to Chinese economic activity from the draconian lockdown policies was actually much less than feared. The survey showed that investors' recession expectations peaked at a net 77% of respondents in November but have fallen to 68% in January. The BofA survey showed fund managers may have already repositioned, however, as their allocation to U.S. equities dived in January and a net 39% said they were underweight while preferring euro zone stocks.

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