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☆ Do inflation-proof jobs exist? Experts are 'skeptical'—it all depends 'on the circumstances'
▼ + stars: | 2023-09-21 | by ( Gili Malinsky | ) www.cnbc.com time to read: +2 min

That's in part because wage growth hasn't been keeping up. According to Bankrate's analysis, however, three industries' wage growth outpaced inflation. That was retail, leisure and hospitality and accommodation and food services. Here's why they fared better than other industries and whether or not experts think, big picture, inflation-proof industries actually exist. But, at that point, workers didn't want to come back to retail, leisure and hospitality and accommodation and food services.

Persons: it's, Sarah Foster, Talent.com, Harry Holzer Organizations: CNBC, Bureau of Labor Statistics, BLS, Georgetown University, Brookings Locations: U.S

☆ Your Fitbit and Apple Watch may wind up hurting you
▼ + stars: | 2023-09-21 | by ( Kelli María Korducki | ) www.businessinsider.com time to read: +13 min

AdvertisementAdvertisementWhen numbers take overThe 10,000-step benchmark has generally been the baseline goal for smartphone apps and fitness trackers. When the Fitbit tracker launched in 2009, 45 years after Yamasa's gadget cemented the 10,000-steps ideal in the public consciousness, it kick-started a boom in fitness wearables and spawned a frenzy for health data. This flood of easily accessible health data has certainly had some positive effects. Many fitness-tracking products also incorporate social-sharing features, which can give us a better perspective on how our exercise habits stack up against our friends', providing a little healthy competition as motivation. Many health- and fitness-tracking apps and wearables issue notifications throughout the day to urge their users toward their movement goals.

Persons: I've, Amanda Paluch, —, Paluch, John Toner, Toner, Cathleen Kronemer, Louis, she's, Kronemer, there's, I'm, Kelli María Korducki Organizations: Apple, US Department of Health, Human Services, University of Massachusetts Amherst, University of Hull, Health, Washington University School of Medicine, — Locations: East Asia, St, New York City

☆ Arizona heat almost killed Lois Nigrin. Her coma, burns, and medical bills show the dangers of heat that many Americans face today.
▼ + stars: | 2023-09-21 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +12 min

AdvertisementAdvertisement"I don't think I had a true understanding of what heatstroke was," Lois Nigrin told Insider. Lois Nigrin was feeling tired and didn't want to climb the rocks, so they turned around. Lois Nigrin has no memory of that interaction, even when she looks at the photo. At one point, Lois Nigrin said, they asked her to draw a clock showing the time 3 o'clock. "Probably the best thing that I ever felt was that airplane landing and being back home," Joe Nigrin said.

Persons: Lois Nigrin, Joe, heatstroke, She's, Lois, Yoon, Joe Nigrin, Kevin Foster, Lois Nigrin's, Lois Lois Nigrin didn't, she'd, It's, couldn't, Lois Lois Nigrin's, she's Organizations: Arizona Burn, Arizona Burn Center, NASA, Center for American Progress Locations: Arizona, Nebraska, Phoenix, New Mexico

ROMULUS, Mich. (AP) — Five puppies learning to be assistance dogs had a howling good time Tuesday during a training exercise at Detroit Metropolitan Airport. During the training, the quintet of pooches and their trainers walked through a Transportation Security Administration checkpoint, rode an elevated tram and boarded an airplane. It was all part of an effort to acclimate the dogs to one of the many settings they may experience later in life. The training was led by Paws With A Cause — a Wayland, Michigan-based nonprofit that oversees the custom training of puppies that become assistance dogs for people with disabilities. The group pairs puppies with volunteers who raise and socialize the dogs for the first year of their lives.

Persons: ROMULUS, they’re, Liz Hood, Hood, ” Hood Organizations: Detroit Metropolitan Airport, Transportation Security Administration Locations: Mich, Wayland , Michigan

☆ Xi's economic policies are leaving many China watchers perplexed and confused
▼ + stars: | 2023-09-20 | by ( Michelle Caruso-Cabrera | ) www.cnbc.com time to read: +8 min

Why is a nation with ambitions to become the dominant economic power in the world doing so many things to blunt that potential? Xi vs. the CCPMost, though not all, China watchers point to Xi himself as the instigator of those recent changes. "China's private sector, previously the growth engine of the Chinese economy, is paying the consequences," he told CNBC. In addition, he said "in recent months, China's National Development and Reform Commission has set up a bureau especially for private sector development." They cite external factors for weakness in the Chinese economy, including U.S. tariffs, trade restrictions, sanctions, and the sluggish post-pandemic global economy.

Persons: Xi Jinping, Lintao Zhang, Orville Schell, Schell, Jinping, Yasheng Huang, Xi, Ryan Hass, Kevin Rudd, Rudd, Anne Stevenson, Yang, Stevenson, Jack Ma, Mikhail Gorbachev, Liu Pengu, Yang Fan, Zhang Xinyu, Liza Tobin, Eric Schmidt Organizations: Political, CPC Central Committee, of People, Getty, Center, U.S, China Relations, The Asia Society, CNBC, Chinese Communist Party, Communist, MIT Sloan School, CCP, China Center, Brookings, Foreign Policy, Oxford University, J Capital Research, Communist Party, Party, U.S ., Soviet Union, National, Reform, Marxist Locations: Beijing, China, New York, U.S, Australia, United States, U.S . Congress, USSR, Soviet Union

The issue that comes up the most — particularly among women and even from some Republicans and independents, she says — is protecting abortion rights. For those on either side of the debate, Virginia — where all state House and Senate seats are up for election and early voting begins Friday — is among the biggest fights this year over abortion rights. The other is the resounding defeat of incumbent Sen. Joe Morrissey, a scandal-plagued, self-described “pro-life” Democrat, by his June primary challenger, Lashrecse Aird, who centered her campaign around abortion rights. In August, Ohio voters rejected a measure pushed by Republicans that was seen as a proxy for an abortion rights question on the ballot this fall. Perry defended her record and said she believes Virginia — and her Senate matchup against Segura — will be bellwethers for 2024.

Persons: Russet Perry, Roe, Wade, Glenn Youngkin —, —, ”, Perry, Virginia —, Democrat Joe Biden, Youngkin, Kamala Harris, They’re, Zack Roday, Youngkin’s, “, Roday, Kellyanne Conway, Donald Trump's, Kaitlin Makuski, Susan B, Anthony Pro, There’s, Timmaraju, Democratic Sen, Aaron Rouse, Rouse, Sen, Joe Morrissey, Lashrecse Aird, Juan Pablo Segura, Segura, Segura —, ” ___ Burnett Organizations: —, U.S, Supreme, Republican Gov, Democratic, GOP, CIA, Democrat, Democratic National Committee, Youngkin’s, Virginia PAC, Commonwealth, NARAL, Associated Press, Virginia Democrats, Republicans, Republican, ” “ Locations: RICHMOND, Va, Virginia, U.S, Kentucky, Kansas, Ohio, Chicago

Paris CNN —Britain’s King Charles and Queen Camilla will finally arrive in France for a state visit Wednesday, six months later than initially planned. The packed royal itinerary for the rescheduled three-day visit to Paris and Bordeaux, ending Friday, is largely unchanged save for a few additions. One new engagement will see Charles and Camilla rub shoulders with top athletes at an event highlighting the advantages of sports for young people. France's President Emmanuel Macron was forced to postpone the original royal state visit back in March. Ronny Hartmann/AFP/Getty ImagesFurssedonn-Wood agreed that the public can expect “a bit of substance” from the royal visit in France.

Persons: Paris CNN — Britain’s King Charles, Queen Camilla, Emmanuel Macron, Charles, Camilla, Brigitte Macron, Macron, ”, Queen Elizabeth II, French King Louis XIV, Ludovic Marin, reigniting, Christine Ockrent, Charles ’, ” Charles, Camilla’s, French –, Rishi Sunak, Sunak, ” Sunak, Nathan Laine, Chris Fitzgerald, Elizabeth II, Christian Poncelet, Eric Fefeberg, Scott Furssedonn, Wood, Craig Prescott, Prescott, Frank, Walter Steinmeier, Elke Budenbender, Ronny Hartmann, it’s, they’re, “, They’ll Organizations: Paris CNN, Rugby, Bibliotheque Nationale de, Mirrors, France, Getty, CNN, UK, ’, European Union, Bloomberg, French, Getty Images, British, Royal Holloway, University of London, “, CNN’s Royal Locations: France, British, Germany, Paris, Bordeaux, Franco, Bibliotheque Nationale de France, Ukraine, Sahel, Elysee, of Versailles, Versailles, “, AFP, French, New Delhi, Berlin, Salle, United Kingdom, Barbados, Eastern Caribbean, Europe, Royal

☆ EU watchdog scrutinises banks' defences after SVB, Credit Suisse woes
▼ + stars: | 2023-09-19 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

Recent banking crises in the United States, where Silicon Valley Bank collapsed, and in Switzerland where UBS was forced to acquire Credit Suisse, show that banks and regulators need to increase preparedness for rapidly unfolding crises, the Single Resolution Board (SRB) said. Forcing banks in the EU's banking union to have minimum requirement for own funds and eligible liabilities (MREL) was a lesson from the 2008 global financial crisis where taxpayers had to bail out banks. MREL debt is written down in a crisis to "bail in" the bank and help stop it from being "too big to fail". The SRB, which sets MREL targets, said that by the end of 2022, two-thirds of banks met their final target. Evaporating liquidity was a hallmark of recent banking turmoil and is being scrutinised in resolution plans of banks.

Persons: Huw Jones, Mark Potter Organizations: Silicon, Silicon Valley Bank, UBS, Credit Suisse, Thomson Locations: European, United States, Silicon Valley, Switzerland

☆ Zelenskyy: Russia is weaponizing food, energy and abducted children in its war against Ukraine
▼ + stars: | 2023-09-19 | by ( ) www.cnbc.com time to read: +4 min

Ukraine's President Volodymyr Zelenskiy addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 19, 2023. Mike Segar | ReutersUkrainian President Volodymyr Zelenskyy said Tuesday that Russia is "weaponizing" everything from food and energy to abducted children in its war against Ukraine — and he warned world leaders that the same could happen to them. "Those children in Russia are taught to hate Ukraine, and all ties with their families are broken. Russia gets its chance to address the General Assembly on Saturday, when Foreign Minister Minister Sergey Lavrov is expected on the rostrum. Volodymyr Zelenskyy, President of Ukraine, speaks at the General Debate of the UN General Assembly.

Persons: Volodymyr Zelenskiy, Mike Segar, Volodymyr Zelenskyy, Ukraine —, Zelenskyy, Vladimir Putin, Sergey Lavrov, U.N, Dmitry Polyansky, Michael Kappeler, Joe Biden, haven't, Anatolii Stepanov Organizations: General Assembly, Reuters, Ukraine, Foreign, UN, Assembly, Getty, Moscow, U.S, AFP Locations: New York City, U.S, Russia, Ukraine, Russia's, Moscow, Ukraine's, China, India, Caribbean, Africa, Kramatorsk, Donetsk region

Prince William flew to New York on Monday for a two-day visit during which he attended the second Earthshot Prize Innovation Summit, an event which coincides with both Climate Week NYC and the 78th session of the UN General Assembly, and where the finalists were unveiled. Prince William speaks with kids as he visits Billion Oyster Project in New York City on Monday. Cindy Ord/Getty ImagesUpon touching down at Newark Airport on Monday, the Prince of Wales said it was good to be back in the US. “No one does optimism and ingenuity like the American people, so it’s only right we unveil this year’s Earthshot finalists in New York City,” William said. And vital.”The five Earthshot categories and finalists are:Protect and Restore NatureAccion Andina - Peru: A grassroots project working across South America to protect native forest ecosystems across the Andes.

Persons: Prince, Prince William, John F, Cindy Ord, Wales, ” William, “, Kennedy Organizations: London CNN, UN, Assembly, Royal Foundation, Getty, Newark Airport, Air, US, Global, Technologies, Circ Inc Locations: Wales, New York, Singapore, United States, New York City, Peru, South America, Freetown, Tree, Sierra Leone, Council, Belterra, Brazil, Poland, United Kingdom, Hong Kong, South Africa, India

☆ Singapore’s birth rate is at a record low — but ‘throwing money’ at the problem won’t solve it
▼ + stars: | 2023-09-18 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +6 min

Mai Yo | Klaud9 | Getty ImagesSINGAPORE — Almost two decades ago, Loh and her husband made a decision not to have children. Singapore's birth rate hit a record low in 2022, after years of decline. "There is a sense of instability is dragging people further away from having children," Zheng told CNBC. Shrinking labor forceA declining birth rate, coupled with an aging population, will have repercussions on Singapore's labor force. "Having fewer children means you have a smaller workforce that can contribute to the economy.

Persons: Mai Yo, Loh, Jaya Dass, " Dass, Wen Wei Tan, EIU's Tan, Tan, Mu Zheng, Zheng, Tan Poh Lin, Lee, Carlina, Dass Organizations: Institute of Policy Studies, Getty, SINGAPORE, CNBC, Singapore Department of Statistics, Ranstad's, Women, Getty Images Government, Economist Intelligence Unit, EIU, National University of Singapore, Lee Kuan Yew, of Public Locations: Singapore, Jaya, Jaya Dass Asia, Pacific, Covid, Ranstad's Asia, —, New York City, Singapore's

☆ AI-Driven Cataclysm Could Rock the Job Market: Top Economist
▼ + stars: | 2023-09-18 | by ( Aki Ito | ) www.businessinsider.com time to read: +33 min

Over the course of three conversations this summer, Acemoglu told me he's worried we're currently hurtling down a road that will end in catastrophe. "There's a fair likelihood that if we don't do a course correction, we're going to have a truly two-tier system," Acemoglu told me. "I was following the canon of economic models, and in all of these models, technological change is the main mover of GDP per capita and wages," Acemoglu told me. In later empirical work, Acemoglu and Restrepo showed that that was exactly what had happened. "I realize this is a very, very tall order," Acemoglu told me.

Persons: who's, Katya Klinova, Daron Acemoglu, Simon Johnson, Acemoglu, Johnson, we've, he's, we're, Power, James Robinson, —, Robinson, David Autor, Pascual Restrepo, Restrepo, John Maynard Keynes, Simon Simard, Lord Byron, Eric Van Den Brulle, hasn't, it's, Gita Gopinath, Paul Romer, Romer, What's, Daron, GPT, Asu Ozdaglar, It's, Mark Madeo, Tattong, Erik Brynjolfsson, Brynjolfsson, There's, Yoshua Bengio, Yuval Noah Harari, Andrew Yang, Elon Musk, I've, That's, Aki Ito Organizations: Getty, MIT, of Technology, Hulton, London School of Economics, Stagecoach, Technology, —, International Monetary Fund, Microsoft, Asu, Companies, Computer, Greenpeace, Communications, Big Tech, Workers Locations: Silicon Valley, America, Boston, Istanbul, Turkey, Acemoglu, England, United States, Britain, Australia

☆ Web3 music platforms are combining new tech with Web2 features to give artists better compensation and 'create dope consumer experiences'
▼ + stars: | 2023-09-18 | by ( Diana Umana | ) www.businessinsider.com time to read: +12 min

Web3 music platforms are changing the industry, giving artists better payouts and ways to reach fans. Orin FleurimontThe importance of direct-to-consumer offerings for music artists has never been more evident. It also uses familiar terminology throughout its platform and in marketing, similar to what one would find on traditional music platforms. The benefit of this hybrid approach is clear: In April, when much of the Web3 music space faced uncertainty, Even closed its $2.2 million seed round. Safeguarding security and enhancing educationWhile integrating Web3 and Web2 experiences on music platforms offers promising benefits, there are drawbacks and areas for improvement.

Persons: Tanerélle, Orin Fleurimont, Web3, Mag Rodriguez, Weston Rich, Rodriguez, Eric Bellinger, Shaun, Snoop Dogg, Tayla Parx, Bobby Shmurda, Andreessen Horowitz, Sound.XYZ, David Greenstein, Pablo Sáez David Greenstein, Brett Shear, Christopher Lee, Erin Leydon, Lee, merch, Vérité, IYK, Jamie Kim, Audius Organizations: Service, Spotify, Apple, PTC, Investments, IYK, IRL, Atlantic Records, NFC Locations: Wall, Silicon, Web3, Sound.XYZ

For developing countries, the top priority is the U.N.’s two-day summit starting Monday aimed at generating action by world leaders to achieve 17 wide-ranging and badly lagging global goals by 2030. With the four leaders sending lower-ranking ministers, Ukraine President Volodymyr Zelenskyy is certain to grab even more attention, with the war in its 19th month and no end in sight. Guterres, who says the Ukraine war has aggravated divisions, said the current shift to a fragmented “multipolar world” isn’t going to solve the planet's myriad issues. Switzerland’s U.N. ambassador, Pascale Baeriswyl, said the summit on the 17 U.N. goals is the most important event this week apart from one-on-one meetings between world leaders. Gowan said Zelensky’s visit to New York is an opportunity for him to engage leaders from the global South and others he hasn’t met.

Persons: Ellen Johnson Sirleaf, Joe Biden, Xi Jinping, Vladimir Putin, didn’t, Emmanuel Macron, Britain’s King Charles, Rishi Sunak, Antonio Guterres, ”, Richard Gowan, U.N, Volodymyr Zelenskyy, Biden, Zelenskyy, Sergey Lavrov, Guterres, Pascale Baeriswyl, Gowan, hasn’t, ” Guterres, “, Edith M, Lederer Organizations: UNITED NATIONS, United, General, Liberian, . Security, International, Crisis, United Nations, Russian, Security Council, World Bank, International Monetary, The Associated Press Locations: Ukraine, United Nations, Johannesburg, Brazil, Russia, India, China, South Africa, Russian, New York, Paris, New Delhi, U.N, West

☆ TikTok is tracking employee back-to-office attendance with new internal tool called MyRTO
▼ + stars: | 2023-09-17 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

TikTok is cracking down on its return-to-office policy with new employee surveillance tools. The social app has implemented a new tool called MyRTO that monitors in-person office attendance. MyRTO tracks badge swipes and asks staff to explain "deviations" from expected in-person attendance. The New York Times reports the social media company has implemented a new internal software called MyRTO to track and enforce its strict return-to-office policy. MyRTO monitors badge swipes that employees make when entering the office and asks workers to explain "deviations" from anticipated in-person attendance, the outlet reported.

Persons: TikTok, ByteDance, — Elon Musk Organizations: Service, New York Times, Forbes Locations: Wall, Silicon

☆ The CEO of Bose know her success relies on this one thing
▼ + stars: | 2023-09-17 | by ( Josée Rose | ) www.businessinsider.com time to read: +14 min

That was the biggest challenge, particularly given what was going on in the world. Would you say sometimes the biggest challenge is — and I have it — imposter syndrome? I think that's probably the biggest thing is that, you know, CEO or any other role, you're not one person; you're not in it yourself. We think that's something — this idea of immersive sound is something that we know customers are really looking for. I think you're gonna see more of that from us where technology and innovation is coming faster from Bose.

Persons: Bose, Lila Snyder, Snyder, —, she'd, I've, MIT —, it's, It's, I'm, that's, we've, we're, We're, there's, — we're Organizations: Service, MIT, Bose Locations: Wall, Silicon, Bose, Ukraine

London CNN —Four players from Real Madrid’s reserve teams are being investigated by police after a mother alleged videos of a sexual nature involving her 16-year-old daughter were circulated without her consent. Three players were arrested and later released after their mobile phones were seized, according to a statement issued by Spain’s Guardia Civil. The daughter was in a consensual relationship with a player, the statement added. Police sources told CNN that the videos were shared by the players. “When the club has detailed knowledge of the facts, we will take the appropriate measures,” the statement added.

Persons: Spain’s, San Bartolomé de, “, ” Organizations: London CNN —, Real Madrid’s, Guardia Civil, CNN, Real Madrid, Real Madrid C, Civil Guard, ” Castilla Locations: Spain’s Guardia, San Bartolomé, Canary, Castilla, Real

The vote capped a legislative session in California that once again showed the strength of organized labor in the nation's most populous state. They could get unemployment benefits starting in January, which could benefit actors, writers and Southern California hotel workers who have been on strike for months. Organized labor's influence is easily explained by their prolific campaign donations, as they are some of the most reliable source of funds for the Democrats who control the state Legislature. In the spring, lawmakers agreed to Newsom's request to authorize state regulators to punish oil companies for price gouging. But California lawmakers passed bills this year to expand protections for young LGBTQ+ people.

Persons: Robert Rivas, ”, Pro Tempore Toni Atkins, “, Gavin Newsom’s, that's, He's, Newsom, Sen, Shannon, " Rivas, Newsom hasn't, ___ Sophie Austin, Austin @sophieadanna Organizations: California Hospital Association, Lawmakers, Democratic, Pro Tempore, Democrat, Democratic Gov, Republicans, Democrats, Associated Press, America Statehouse News Initiative, America Locations: SACRAMENTO, Calif, California, Southern California, San Diego, Mexico, Shannon Grove, Hollister

☆ Russian c.bank governor speaks against reintroducing currency restrictions
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +2 min

Elvira Nabiullina, Governor of Russian Central Bank, speaks to the media during the conference "10 years of the Megaregulator: yesterday, today, tomorrow" in Moscow, Russia September 1, 2023. REUTERS/Evgenia Novozhenina/File photo Acquire Licensing RightsMOSCOW, Sept 15 (Reuters) - Russian Central Bank Governor Elvira Nabiullina spoke out against reintroducing currency controls after hiking rates to 13% on Friday, warning that such steps were inefficient and ultimately would be circumvented. Nabiullina said that discussions about currency restrictions were underway, but were largely for the government to decide. "Administrative restrictions, if they are effective... then they are usually effective only for a limited time," Nabiullina said. Similarly, she said, repatriating FX revenues from foreign banks to Russian ones would have no impact on the rouble rate.

Persons: Elvira Nabiullina, Evgenia, Russian Central Bank Governor Elvira Nabiullina, Nabiullina, Vladimir Putin, Elena Fabrichnaya, Alexander Marrow, Vladimir Soldatkin, Anastasia Lyrchikova, Mark Trevelyan Organizations: Russian Central Bank, REUTERS, Rights, Russian Central Bank Governor, Bank of Russia, Thomson Locations: Moscow, Russia

LONDON (AP) — European regulators slapped TikTok with a $368 million fine on Friday for failing to protect children's privacy, the first time that the popular short video-sharing app has been punished for breaching Europe's strict data privacy rules. And it nudged teen users into more “privacy intrusive” options when signing up and posting videos, the watchdog said. The Irish regulator has been criticized for not moving fast enough in its investigations into Big Tech companies since EU privacy laws took effect in 2018. For TikTok, German and Italian regulators disagreed with parts of a draft decision issued a year ago, delaying it further. Instagram, WhatsApp and their owner Meta are among other tech giants that have been hit with big fines by the Irish regulator over the past year.

Persons: they're, TikTok, “, ”, Elaine Fox Organizations: —, Protection, Big Tech, Data, Meta Locations: Dublin, Europe, Brussels, China, Irish

Prince William will touch down in New York on Monday for a two-day visit – primarily to attend the second Earthshot Prize Innovation Summit. William and Kate visit Câr-Y-Môr Seaweed Farm, a key partner of 2022 Earthshot Prize winner Notpla, in St. Davids, Wales on September 8, 2023. “In addition to unveiling this year’s Earthshot finalists next week, you’re also going to see Prince William sitting down with the UN Secretary-General and other world leaders… This really is the evolution of Prince William as the global statesman,” a close aide said. This trip’s timing also appears to be quite fortuitous, in that it comes weeks after Prince William topped a new poll as America’s most popular public figure. A huge crowd of well-wishers greets the Prince of Wales while in Massachusetts last December.

Persons: London CNN —, Prince William, –, Prince of Wales, William, Kate, Câr, Notpla, Arthur Edwards, Queen Elizabeth II, ”, you’re, “, Joe Biden, Volodymyr Zelensky, King Charles, Biden, Donald Trump, Prince, David L, Ryan, Duke of Cambridge, King, “ You’ve, Andrzej Duda Organizations: CNN’s Royal, London CNN, CNN, UN, Assembly, Royal Foundation, Boston, Gallup, Republicans, Boston Globe, British Locations: London, New York, Singapore, St . Davids , Wales, “, Beantown, Wales, Massachusetts, Boston, Poland, Ukraine, Russian

☆ China's central bank set to boost liquidity but keep policy rate steady
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Sept 14 (Reuters) - China's central bank is expected to boost liquidity while keeping the borrowing cost steady when rolling over its medium-term policy loans on Friday, a Reuters survey showed, after a string of data showed some signs of economic stabilisation. China has already lowered the medium-term policy rate twice since June to stimulate credit demand and support a faltering economic recovery. New bank lending in China beat expectations by nearly quadrupling in August from July's level, as the central bank sought to shore up economic growth amid soft demand at home and abroad. To revive broad credit demand and rescue the troubled property sector, China unexpectedly cut the MLF rate last month. For this reason alone, it seems unlikely that the PBOC will embrace large-scale rate cuts."

Persons: Frances Cheung, Julian Evans, Pritchard, Shri Navaratnam Organizations: People's Bank of China, OCBC Bank, U.S, Capital Economics, Shanghai, Thomson Locations: SHANGHAI, China, United States, OCBC Bank .

☆ Jacobson relishing blindside chance for All Blacks
▼ + stars: | 2023-09-14 | by ( Nick Mulvenney | Thomson Reuters | Leads Coverage Of Sport Across The Asia-Pacific. Still Reports On The Full Panoply Of Sport. Many Olympics World Cups World Championships Grand Slams Grands Prix | ) www.reuters.com time to read: +2 min

SAINT-ETIENNE, Sept 14 (Reuters) - All Blacks loose forward Luke Jacobson is excited to see what he can bring to the party as starting blindside flanker against Namibia on Friday as New Zealand look to get their World Cup campaign back on track in Toulouse. Coach Ian Foster instead elected to bring Tupou Vaa'i, who normally plays lock, off the bench to play blindside and switched Dalton Papali'i to the openside flank in place of Cane. Jacobson did get a decent run off the bench as New Zealand chased the game in the second half but was relishing the chance to be on the pitch from the start this week. Like all of the New Zealand forwards, Jacobson will be desperate to stay on the right side of the referee after the All Blacks were heavily penalised against France. "(But) we know that we need to be winning to win this competition regardless, so I don't think a whole lot changes from now."

Persons: ETIENNE, Luke Jacobson, Jacobson, Sam Cane, Ian Foster, Tupou Vaa'i, Dalton Papali'i, Cane . Jacobson, I've, Foster, Ethan Blackdadder, Emoni Narawa, blindside Shannon Frizell, Nick Mulvenney, Pritha Sarkar Organizations: Blacks, Namibia, New Zealand, France, All Blacks, Thomson Locations: Zealand, Toulouse, France, Namibia, Cane, New

☆ Elon Musk wanted to build a house that looked like it 'fell out of space,' new book reveals
▼ + stars: | 2023-09-13 | by ( Grace Kay | ) www.businessinsider.com time to read: +6 min

Elon Musk bought a horse farm in Texas near Tesla's Gigafactory, author Walter Isaacson wrote. The biographer said Musk envisioned a house that looked like "something fell out of space." The Wall Street Journal has reported Musk was building a glass house, but he has denied the reports. "He needs a place where his sole resides and that's what the horse farm will be for him." At the time, Musk denied living in the modular house, saying that he lives in a different small house in Texas.

Persons: Elon Musk, Tesla's Gigafactory, Walter Isaacson, Musk, Elon, —, Austin Gigafactory, Isaacson, Norman Foster, Steve Jobs, Foster, Foster didn't, Isaacson —, Tesla, Foc Kan, Omead Afshar, Afshar, Grimes, Robyn Beck, Zilis hasn't, Weeks, he'd Organizations: Elon, Service, Tesla, The Boring Company, Wall Street, Bloomberg, Department of Justice, Securities and Exchange Commission, Getty, LinkedIn, SpaceX Locations: Texas, Tesla's, Wall, Silicon, Colorado, Austin, California, Mars

☆ Kim invites Putin to North Korea as he continues Russia visit - KCNA
▼ + stars: | 2023-09-13 | by ( Hyonhee Shin | ) www.reuters.com time to read: +4 min

Putin accepted the invitation, state news agency KCNA said, without mentioning when a visit might take place. "At the end of the reception, Kim Jong Un courteously invited Putin to visit the DPRK at a convenient time," KCNA said, referring to the Democratic People's Republic of Korea, North Korea's formal name. On Wednesday, Kremlin spokesman Dmitry Peskov had said there was no plan for Putin to visit Pyongyang. The U.S. State Department said the Biden administration "won't hesitate" to impose additional sanctions on Russia and North Korea if they conclude any new arms deals. On Wednesday, Putin gave numerous hints that military cooperation was discussed but disclosed few details.

Persons: Kim Jong Un, Vladimir Putin, Kim, Putin, KCNA, Dmitry Peskov, Biden, Matthew Miller, Kim Young, Sergei Shoigu, Hyonhee Shin, Jack Kim, Soo, hyang Choi, Kim Coghill, Lincoln, Gerry Doyle Organizations: North, Korean Central News Agency, KCNA, REUTERS Acquire, Rights, Russian, Democratic People's, cosmodrome, U.S . State Department, Security, State, Thomson Locations: Amur Oblast, East Region, Russia, Rights SEOUL, Russia's Far, Russian, DPRK, Democratic People's Republic of Korea, North, Pyongyang, U.S, Ukraine, Moscow, North Korea

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