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☆ Markets are rebounding after Monday's massive meltdown, making rate decisions harder for the Fed
▼ + stars: | 2024-08-06 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Read previewMarkets are rebounding after Monday's meltdown, injecting challenges into central banks' interest-rate decisions. The market volatility is due to a mix of factors including poor earnings results from several tech giants and a weak July payroll report. AdvertisementSome analysts are speculating that the BOJ rate cut was because it was under political pressure to shore up the floundering yen, Bloomberg reported on Monday. Related storiesGoing forward, the BOJ could have a harder time with the timing of its rate hike decisions. Talks of an emergency rate cutThe market selloff has also made the Fed's rate hike timing harder.

Persons: —, Kospi, Taiwan's Taiex, Kyle Rodda, It's, Vishnu Varathan, Mizuho Bank's, Capital.com's Rodda Organizations: Service, Business, Bank of Japan, US Federal Reserve, —, Bloomberg, Nikkei, Japan's, of Finance, Financial Services Agency Locations: Japan, Asia

☆ An Indian billionaire has an audacious plan to take down part of China's economic masterplan
▼ + stars: | 2024-08-06 | by ( Hannah Abraham | ) www.businessinsider.com time to read: +1 min

Indian billionaire Karan Adani announced plans to challenge Chinese dominance in global seaports. Adani Ports has received "in-principle" approval for a $2 billion project in Da Nang, Vietnam. Adani Group has plans for ports in the Middle East, Africa, and Southeast Asia, Bloomberg said. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: Karan Adani, —, Karan Organizations: Ports, Adani, Bloomberg, Service, Business Locations: Da Nang, Vietnam, East, Africa, Southeast Asia, India

☆ Asia's second-richest man finally has a plan to hand over his company — but it's going to take a while
▼ + stars: | 2024-08-06 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Gautam Adani plans to hand over the company to his sons and nephews by the early 2030s. The Adani Group is a major player in multiple sectors in India, including infrastructure and energy. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Gautam Adani, 62 years old, announced his intention to retire at 70 from the Adani Group, Bloomberg reported on Monday.

Persons: Gautam Adani, Adani, — Organizations: Service, Adani Group, Bloomberg, Adani, Business Locations: India

☆ Global markets are off to a terrible start this week, and Japan is partly to blame
▼ + stars: | 2024-08-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewGlobal markets are off to a terrible start to the week. Stock markets are crashing across Asia after Japan's interest-rate hike last week contributed to a selloff that got worse and worse. AdvertisementInvestors are also on edge before the US markets open later in the global day. Global carry trade unwindingThe Bank of Japan raised its interest rate from between 0% and 0.1% to 0.25% on Wednesday — the highest level in 15 years. Japan kept interest rates ultra-low for decades following the implosion of an asset bubble in the 1990s that contributed to persistent deflation.

Persons: —, Kospi, India's Sensex, Tony Sycamore, Sycamore, Vishnu Varathan, Mizuho Bank's Organizations: Service, Stock, Business, IG Australia, Bloomberg, CSI, Dow Jones Industrial, Nasdaq, Federal Reserve, Bank of Japan, ING Locations: Asia, Japan

☆ Global stock markets are sliding as Japan suffers biggest fall since 1987
▼ + stars: | 2024-08-05 | by ( Huileng Tan | Polly Thompson | ) www.businessinsider.com time to read: +5 min

Read previewJapan's main stock market index suffered its biggest fall since 1987, closing 12.4% lower on Monday, while markets in Asia and Europe also fell sharply. US stock markets sunk at the end of last week as investors digested a streak of negative economic data and disappointing earnings from Big Tech companies. The Chinese stock markets were already under pressure this year due to the country's economic troubles. Japan kept interest rates ultra-low for decades following the implosion of an asset bubble in the 1990s that contributed to persistent deflation. AdvertisementThe BoJ's rate hike has also fanned further risk-off sentiment in global stock markets.

Persons: —, Tony Sycamore, Taiwan's Taiex, Paris, it's, Sycamore, Vishnu Varathan, Mizuho Bank's Organizations: Service, Nikkei, Business, Big Tech, Nasdaq, IG Australia, Bloomberg TV, Kospi, CSI, Federal Reserve, Bloomberg, Bank of Japan, ING Locations: Asia, Europe, Frankfurt, London, Japan

☆ Scientists digitally dissect ancient Egyptian ‘screaming’ mummy
▼ + stars: | 2024-08-03 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

CNN —Ancient Egypt’s pyramids, pharaohs and artifacts delight the imagination, reigniting wonder of the distant past in every generation. Experts are also using the latest techniques to spill secrets hidden within discoveries made decades ago, with new research this week “digitally dissecting” an unusual mummy found in 1935. The "screaming woman" whose mummified remains were discovered in 1935 may have died violently, a new study suggests. — To keep swimmers and beachgoers safe, scientists are using artificial intelligence to detect juvenile sharks, which like to hang out near the shore. They find wonder in planets beyond our solar system and discoveries from the ancient world.

Persons: Sahar Saleem, Saleem, Saleem couldn’t, Venus, Guillermo Legaria, Lonely Guy, —, Ashley Strickland, Katie Hunt Organizations: CNN, Metropolitan Museum of Art, Kasr Al, Cairo University, Mercury, European Space Agency, Japan Aerospace Exploration Agency, NASA, JPL, Caltech Venus, Lonely, —, CNN Space, Science Locations: ., Damietta, Egypt, Luxor, New York City, Kasr Al Ainy, Europe, Asia, Thailand, Southeast Asia

☆ Nikkei 225: Japan plans to raise interest rates and investors are spooked
▼ + stars: | 2024-08-02 | by ( Laura He | ) edition.cnn.com time to read: +4 min

The Nikkei 225 sank 4.5% on Friday, extending a global stock rout that started following the release of weak US economic data. The Bank of Japan (BOJ) raised interest rates by 15 basis points to 0.25% on Wednesday, its second hike this year, and announced plans to taper off its policy of bond buying. ”The hike has narrowed the difference in interest rate between the United States and Japan, which pushed the Japanese yen higher against the greenback. Combined with strong corporate earnings and effective corporate governance reforms, the weak yen propelled the Nikkei 225 to all-time highs this year. “From a Japanese equity perspective, the earnings boost from a weak yen is set to diminish,” Citi analysts said on Thursday.

Persons: ”, Ken Cheung, Frank Benzimra, Korea’s, Australia’s Organizations: Hong Kong CNN — Japan’s Nikkei, Nikkei, Bank of Japan, Traders, Mizuho Securities, greenback, Societe Generale, ” Citi, Dow, Nasdaq, Labor Department, “, ” ANZ, Federal Reserve Locations: Hong Kong, United States, Japan, Asia, Shanghai

☆ ‘Terrible’: Apple’s new promo video sparks backlash in Thailand
▼ + stars: | 2024-07-31 | by ( Chris Lau | Kocha Olarn | ) edition.cnn.com time to read: +4 min

CNN —A new promotional video by tech giant Apple has been met with heavy criticism in Thailand, with many social media users claiming it offers an unrealistic, outdated view of the country. The plot follows four characters – known as the underdogs – and their attempts to overcome workplace crises using Apple devices and software. Since the series’ debut in 2019, the characters have left their corporate jobs and founded their own company. It’s fine,” wrote Thai social media user Sakchawit Attasillekha on Facebook, pointing out there are “plenty of old hotels in Bangkok” and “old taxis decorated with Buddha amulets.”“However, we also have good things too,” he added. Sombat Boonngamanong, a prominent social activist, also weighed in on Facebook saying that he was surprised the video had caused such a stir.

Persons: Christopher Mintz, ” David William, he’s, ”, John F, “, Nipawan Labbunruang, Lillian Suwanrumpha, Chai Wacharonke, Srettha Thavisin, Sombat Organizations: CNN, YouTube, Plasse, Kennedy International Airport, Bangkok, Getty, Indochina Productions, Apple, Facebook Locations: Thailand, tuk, Thai, “ Thailand, Bangkok, AFP, Bangkok ”

☆ It's a great time to buy a Hong Kong mansion from the cash-strapped elite
▼ + stars: | 2024-07-31 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Some distressed, wealthy homeowners in Hong Kong are selling their exorbitant homes at a discount. Hong Kong's property market has been under pressure due to high interest rates. The removal of property curbs in Hong Kong has boosted luxury home sales. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .

Persons: — Organizations: Service, Business Locations: Hong Kong, Asia

☆ Where are China's ultra-rich parking their wealth amid a slowing economy?
▼ + stars: | 2024-07-30 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +5 min

At a time when China's economy is facing headwinds, and growth has been slowing, where are the Chinese ultra-rich, whose numbers are expected to swell to 144,897 by 2028 from 98,551 in 2023, parking their wealth? However, the country's high-end property market remains a favored asset. Luxury real estate"There has been a noticeable increase in transactions within Shanghai's luxury real estate sector," said James Macdonald, head of China research at global real estate firm Savills, attributing it to a recent policy easing by the government. That said, China's luxury real estate market is still primarily concentrated in the core areas of first-tier cities, said Li. Other local investment classes, such as the wider property market and China-listed stocks are not as popular among the ultra rich, experts told CNBC.

Persons: Weiquan Lin, Frank, James Macdonald, Savills, Stephen Pau, Sam Xie, CBRE's, Xie, Arbour, Tian Di, Knight Frank Head of, Pacific Research Christine Li, Li, Nick Xiao, Xiao, Yongyuan Dai, Pau, defensiveness Organizations: CNBC, Pacific Research, Overseas, Domestic Institutional Investors, Domestic Limited, Hywin Locations: China, Shanghai, Lujiazui, Knight Frank Head of Asia, Pacific, Hong Kong, Yongyuan, Pau

☆ North Korea’s Kim ‘inspects’ flood response as thousands evacuated from China border region after heavy rains
▼ + stars: | 2024-07-29 | by ( Simone Mccarthy | Gawon Bae | ) edition.cnn.com time to read: +3 min

CNN —Some 5,000 people were rescued from flood-hit areas along North Korea’s border with China over the weekend in efforts supervised by leader Kim Jong Un, the country’s state media reported Monday. A flooded area in North Korea's North Pyongan province on July 28, pictured in a photo released by North Korea's official Korean Central News Agency. At least 15 people died following a rain-triggered landslide in central China’s Hunan Province, Chinese state media Xinhua said Sunday. China’s northeast – a key food-growing region which traditionally had been less effected by frequent flooding – is also grappling with heavy rains. In China’s Liaoning province, across the border from North Korea’s North Pyongan, more than 45,000 people were evacuated from their homes as of Sunday morning as heavy rains hit the region, according to Xinhua.

Persons: Kim Jong Un, KCNA, Kim –, Gaemi Organizations: CNN, North Korean, North, Korean Central News Agency, KCNA, Xinhua Locations: China, North Pyongan, Yalu, North Korea, Sinuiju City, Dandong, Asia, North Korea's, Pyongan province, Philippines, Taiwan, China’s Fujian Province, China’s Hunan Province, –, China’s Liaoning, North Korea’s, Xinhua, Southwest Liaoning

☆ China just expanded its efforts to boost consumption. Here are some stocks to watch
▼ + stars: | 2024-07-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

China has, in its own way, signaled it wants to support specific kinds of consumer purchases. Authorities on Thursday announced the equivalent of 300 billion yuan ($41.5 billion) in special bonds would go towards trade-ins and equipment upgrades — a significant expansion of an existing program. The 300 billion yuan ultra-long bond issuance is not a new government allocation, but rather a more detailed designation of a 1 trillion yuan ultra-long bond program announced earlier this year. "300 billion yuan is the largest equipment upgrade subsidy from the central government historically," the analysts said. Even the 300 billion yuan figure is split roughly between consumer-related trade-ins with business-side equipment upgrades.

Persons: Ding, Morgan Stanley, Tao Wang, Darius Tang, Corporates, Fitch Bohua, Michael Bloom Organizations: China Asset Management Co, UBS Investment Bank Locations: China, Beijing, Asia

☆ The Lesser-Known Side of Harris’s Identity: Asian American
▼ + stars: | 2024-07-28 | by ( Amy Qin | ) www.nytimes.com time to read: +1 min

Daniel Chiang can remember one Asian American who ran for president in 2020: Andrew Yang, a Taiwanese American entrepreneur. But he was surprised to learn last week that there was another person running for president then, and in 2024, who counted herself an Asian American: Kamala Harris. But Ms. Harris, whose mother emigrated from India and whose father emigrated from Jamaica, is less known as an Indian American and Asian American. Asked to name a famous Asian American, only 2 percent of Americans said Kamala Harris, according to a recent survey by The Asian American Foundation. Ms. Harris does not shy away from talking about her Indian heritage and Asian American identity.

Persons: Daniel Chiang, Andrew Yang, Kamala Harris, “, ”, Chiang, Harris Organizations: Democratic, Indian, Asian American Foundation Locations: American, Taiwanese American, Connecticut, India, Jamaica, Indian American

☆ Oil edges up on strong U.S. GDP data but Asia economic woes limit gains
▼ + stars: | 2024-07-26 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were up slightly on Friday on stronger-than-expected U.S. economic data that raised investor expectations for increasing crude oil demand from the world's largest energy consumer. But concerns about soft economic conditions in Asia's biggest economies, China and Japan, capped gains. At the same time, inflation pressures eased, which kept intact expectations that the Federal Reserve would move forward with a September interest rate cut. Lower interest rates tend to boost economic activity, which can spur oil demand. Still, continued signs of trouble in parts of Asia limited oil price gains.

Organizations: Brent, . West Texas, Commerce Department, Reuters, Federal Reserve Locations: Fort Stockton , Texas, China, Japan, U.S, Asia

☆ Typhoon Gaemi (Carina): Thousands stranded by floods in Philippine capital as deadly typhoon prompts calls for climate action
▼ + stars: | 2024-07-25 | by ( Helen Regan | Kathleen Magramo | ) edition.cnn.com time to read: +9 min

CNN —Much of the Philippine capital remained underwater Thursday after deadly Typhoon Gaemi worsened torrential monsoon rains that lashed the country, trapping thousands of people in rising flood waters and causing widespread damage. Lisa Marie David/ReutersA road is seen flooded caused by Typhoon Gaemi and monsoon rains on July 24, 2024 in Quezon city, Metro Manila, Philippines. Ezra Acayan/Getty ImagesRescuers evacuate residents from their flooded homes on July 24, 2024 in Quezon city, Metro Manila, Philippines. An aerial view shows Xindian river's rising water level at New Taipei City as typhoon Gaemi passes Taiwan on July 25, 2024. Residents wade a flooded road caused by Typhoon Gaemi and monsoon rains on July 24, 2024 in Marikina, Metro Manila, Philippines.

Persons: Carina –, Gaemi, Typhoon Gaemi, Lisa Marie David, Ezra Acayan, “, Hsiao Huan, Sam Yeh, Armando Balilo, Vico Sotto, Ferdinand Marcos Jr, Rai, Odette –, Haiyan, Marcos, ” Marcos, Khevin Yu Organizations: CNN, Metro Manila, Philippine News Agency, Rescuers, Reuters, Central Emergency Operations Center, National Fire Agency, New, Getty, Philippine Coast Guard, PCG, CNN “, Philippine, Super, Greenpeace Locations: Philippine, Philippines, Taiwan, Manila, Luzon, Metro, Marikina City, Metro Manila, Quezon city, Taiwan’s, Tanzanian, Kaohsiung, China, Fujian, New Taipei City, AFP, Bataan, Quezon City, Pasig City, Marikina, –, Pasig, Asia’s, Greenpeace Philippines

☆ China Unexpectedly Cuts Interest Rate as World Markets Sag
▼ + stars: | 2024-07-24 | by ( Keith Bradsher | More About Keith Bradsher | ) www.nytimes.com time to read: +1 min

China’s central bank on Thursday cut a key interest rate, in Beijing’s second move this week to try to offset a weakening economy and a housing market crisis. The unexpected action came as stock markets fell sharply across most of Asia in early trading, in an echo of Wall Street’s sharp drop the day before. Market indexes were down 1 to 3 percent in Australia, Japan, South Korea and Hong Kong. That could reflect a favorable response by investors to the central bank’s rate move, or a sign of intervention by the Chinese government, which plays an extensive role in the country’s stock markets. As markets opened in China on Thursday, the People’s Bank of China, the central bank, reduced its interest rate for one-year loans to commercial banks to 2.3 percent, from 2.5 percent.

Organizations: People’s Bank of China Locations: Asia, Australia, Japan, South Korea, Hong Kong, Shanghai, Shenzhen, China

☆ Diverse donors race to help elect Kamala Harris
▼ + stars: | 2024-07-24 | by ( Fredreka Schouten | ) edition.cnn.com time to read: +6 min

And Democratic-aligned donors from all those worlds are eager to help Harris get there. That figure marks the year of the sorority’s founding at Harris’ alma mater, Howard University. More than 1.1 million donors have contributed – with 62% of them first-time givers this cycle, Harris’ campaign said. He said he held his first fundraiser for Harris at his Boston-area home during her successful 2016 Senate campaign. But for all the early enthusiasm, the groups supporting Harris say big challenges remain – both in sustaining her campaign’s early financial momentum and in helping blunt looming attacks on her race and gender.

Persons: CNN — Kamala Harris, Joe Biden, Harris –, –, Harris, “, ”, Glynda Carr, Carr, Biden, they’ve, Harris ’, Alexandra Acker, Lyons, Biden’s, Acker, ‘, ’ ”, Ramesh Kapur, Democratic bundler, Kapur, “ I’m, Shekar, He’s, he’s, don’t, ” Narasimhan, Trump, Chintan Patel, Patel, ” Harris “, ’ ” Acker, Veronica Stracqualursi Organizations: CNN, American, Higher, Alpha Kappa Alpha Sorority, Inc, Howard University, Women Alliance, Democratic, Senate, Fund, Democratic Party, Republican Party Locations: Higher Heights, America, alma, Manhattan, Denver, Harris, United States, Indian, American, Boston, Virginia, Michigan, Wisconsin, “

Even if you don't fly British Airways, you can get far with the British Airways Visa Signature® Card. British Airways Credit Card Benefits10% discount on British Airways flights from the USBritish Airways Visa Signature® Card members can save 10% on British Airways flights departing the US — which basically means flights to London. Visa Signature benefitsAs a Visa Signature card, the British Airways Visa Signature® Card offers access to the Visa Signature Concierge for help with things like hard-to-get restaurant reservations or theater tickets. British Airways Credit Card Annual Fee and Other CostsThe British Airways Visa Signature® Card has a $95 annual fee and no foreign transaction fees. Methodology: How we reviewed the British Airways Visa Signature CardThe credit card team at Business Insider compared the British Airways Visa Signature® Card to other travel and airline credit cards with similar annual fees.

Persons: shouldn't, I've, you've, Chase, Hilton, it's, It's, you'll, BA's Organizations: British Airways, Alaska Airlines, American Airlines, Cathay, Japan Airlines, Qantas, Aer Lingus, Aer, British Airways Visa, FDIC, British, Chase, Chase British Airways, United, Hyatt, Airways, American, Delta, JetBlue, Hilton . American Express, Cathay Pacific, US British Airways, Card British Airways, Chase Travel, Capital, DoorDash, Venture, Business Locations: Cathay Pacific, Iberia, London, Aer Lingus, Hawaii, West Coast, Dublin, East, Chicago, New York, Dallas, Cancun, Miami, Nassau, Bahamas, North America, British, Europe, Asia, Auckland , New Zealand, Sydney, Melbourne, Phoenix, Los Angeles, Oakland , Portland, San Diego, San Francisco, San Jose, Seattle, East Coast, Shannon, Ireland, Boston, Hartford , New York, Newark, Toronto, Philadelphia, Cleveland, Washington, Aer

☆ Forget Spain. These under-the-radar countries actually want you to visit.
▼ + stars: | 2024-07-23 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

Timor-Leste is one of the least-visited countries in the world. Timor-Leste gained independence from Indonesia in 2002 and became the first new country of the 2000s, according to the official Timor-Leste tourism and travel guide. The Sydney Morning Herald reported that the nation has been developing its tourism sector to boost its economy since then. BI's Marielle Descalsota recently traveled to Timor-Leste. Although she found limited tourism information online, Descalsota reported seeing some of Asia's most scenic views on the island's mountainous coastline with ocean waters clearer than those in the Maldives during the trip.

Persons: BI's Marielle Descalsota, Descalsota Organizations: Leste, Sydney Morning Herald Locations: Timor, Fatucama, South, Asia, Indonesia, Maldives

The Aeroplan® Credit Card earns points directly, or you can transfer flexible points to Aeroplan. Using Aeroplan credit cardsThe Aeroplan® Credit Card is the only U.S. credit card that earns Aeroplan points directly. Aeroplan® Credit Card cardholders can also redeem Aeroplan points toward any eligible travel purchase through Chase Pay Yourself Back. So if you transferred 60,000 Marriott Bonvoy points, you'd end up with 20,000 Aeroplan points, plus a 5,000-point bonus for a total of 25,000 Aeroplan points. Aeroplan Rewards frequently asked questionsHow can I earn Aeroplan points without flying?

Persons: we'll, Aeroplan, Chase, It's, cardholders, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, you’re, Bilt, Experian, TransUnion ™, Equifax, —, Hilton Organizations: Business, Business †, Marriott, Air Canada, Star Alliance, Read, Rewards, Canada, United Airlines, Lufthansa, ANA, Air, Air Canada Flying Air, Travelers, Air Canada Partner Airlines Aegean Airlines Aer Lingus Air China Air, Air Dolomiti Air India Air Mauritius Air New Zealand Air Serbia All Nippon Airways, Austrian, Avianca Azul, Airlines Bamboo Airways, Calm, North Cathay, Central Mountain Air Copa Airlines Croatia Airlines Egyptair Emirates Ethiopian Airlines Etihad Airways, GOL, Air Juneyao Airlines, Polish Airlines Lufthansa Middle East Airlines Olympic Air Oman Air PAL Airlines Scandinavian Airlines Shenzhen Airlines Singapore Airlines South African Airways SriLankan Airlines, TAP Air, Turkish Airlines United Virgin Australia Vistara, United, Air New Zealand, American Express, Chase, FDIC, Singapore Airlines, Global, TSA, Express, Hilton, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, Saks Fifth, Capital, One, Premier, Chase Travel, Sapphire, Hotel, Chase Sapphire Reserve, Aeroplan, ™ Card, Mastercard, Alliance, Coast Hotels, Hilton Honors, Radisson, Wyndham, Avis, Budget, Apple, JetBlue, Fly United, All Nippon Airways Locations: Canada, Canadian, United, Air Canada, Air Canada Flying Air Canada, U.S, cardholder, Singapore Airlines ., rideshares, Hulu, Aeroplan, Alaska, Hyatt, America, Mexico, Central America, Caribbean, Europe, East, Africa, India, Asia, Oceania, Australia, New Zealand, South America, North America, West Coast, Hawaii, Seattle, Vancouver, Tokyo, Frankfurt, Chevron

☆ Elon Musk praises the first prime minister of Singapore as 'brilliant' in response to a glowing blog post about the country's airport
▼ + stars: | 2024-07-19 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +5 min

Read previewElon Musk said that Singapore's first prime minister, touted as the country's founding father, was a "brilliant" man. Mack wrote about Lee's efforts in conceiving Singapore's Changi Airport, which has been named the world's best airport 12 times by London-based research firm Skytrax. Singapore's award-winning Changi Airport. John Seaton Callahan/Getty ImagesBefore Singapore's Changi Airport became operational in 1981, the island state had a small commercial airport located inland on the east side of Singapore, called Paya Lebar Airport. The country's largest public universities, National University of Singapore and Nanyang Technological University, ranked 8th and 15th, respectively, in the 2025 QS top universities rankings.

Persons: —, Elon Musk, George Mack, Lee Kuan, Mack, d1C60XIvNA — Elon, Musk, Lee, Singapore's, John Seaton Callahan, Skytrax, Martin Puddy, Liu Thai Ker, Jon Hicks, it's Organizations: Service, SpaceX, Business, Changi, Changi Airport, Singapore's Changi, Airport, Changi Airport's, Business Times, The New York Times, Financial, Singapore Crowds, Getty, National University of Singapore, Nanyang Technological University, QS, Cornell, Princeton, Yale Locations: London, Singapore, Paya, Changi, Southeast Asia, Malaysia, Asia, Hong Kong, Singapore's Orchard

☆ Election Live Updates: Republicans Leave Convention Unified Around Trump
▼ + stars: | 2024-07-19 | by ( Jim Rutenberg | Adam Nagourney | ) www.nytimes.com time to read: +74 min

And there was great, great sorrow. They’re going to be OK. They’re going to be doing very well. Now he’s going to get on the plane in a little while and he’s going to go back home to his wife. Great, great student at Yale. So many — just so many heroes, so many great, great people.

Persons: Dana, Bob, ”, Lee, you’ll, it’s, didn’t, Nobody, “, I’m, Corey Comperatore, David Dutch, James Copenhaver, We’re, Corey, Helen ., David, James, Dan Newlin, Dan, Trump, —, Aileen Cannon, I’ve, Don, Kimberly, Ivanka, Jared, Eric, Lara, Tiffany, Michael, Barron, he’s, “ Dana won’t, That’s Lee Greenwood, … Eric, Crazy Nancy Pelosi, They’ve, Jason, Jason Aldean, Vance, Usha, He’s, He’ll, MAGA, ” MAGA, I’ll, you’re, nobody’s, We’ve, Somebody’s, they’re, It’s, can’t, We’ll, don’t, “ I’m, we’ll, Biden, They’re, that’s, you’ve, I’d, gee, You’d, That’s what’s, Donald Trump, That’s, There’s, Tom Homan, Brandon Judd, They’ll, Obama, They’d, “ You’ve, we’re, we’ve, Hannibal Lecter, Dwight D, Eisenhower, Jocelyn Nungaray, Rachel Morin, Rachel, Laken Riley, horrifically, Viktor Orban, what’s, Bush, it’ll, Kim Jung Un, Sam Brown, Sam, You’ve, Abdul, Don’t, You’re, Ronald Reagan, America’s, Franklin Graham, Franklin, Billy Graham, he’d, soldiered Organizations: of Pennsylvania, Secret Service, Service, Democrat, Republican Party, Republican, Democrats, America, Yale, ISIS, Space Force, Energy, Apple, Trump, Republican Senate, White, Republicans, United Auto Workers, Social Security, Border Patrol, ICE, ”, Lambs, University of Georgia, “, U.S, Senate, Washington, D.C, Yankee, Win Locations: America, United States, Butler Township, of, Pennsylvania, Florida, Ohio, Milwaukee, Wisconsin, Asia, Europe, Taiwan, Korea, Philippines, China, Russia, Ukraine, Israel, Iran, Germany, Mexico, Nevada, United States of America, There’s, South America, Africa, Middle East, Venezuela, Caracas, El Salvador, Houston, Los Angeles, Maryland, Hungary, “ Russia, Georgia, Crimea, Syria, Iraq, North Korea, Afghanistan, Bagram, Cuba, Miami, U.S.A, Wisconsin , Wisconsin, Washington, Japan, Delaware, Valley Forge, Yorktown, Gettysburg, Midway

☆ The West must be ready to face the 'deadly quartet' of global adversaries, analysts warn
▼ + stars: | 2024-07-18 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

"We're confronted by a deadly quartet of nations increasingly working together," he said, in comments reported by Sky News. The coalition described Moscow as having "shattered" peace and stability in the West and having "gravely undermined global security." Russia and North Korea deny arms transfers have taken place. Ian Bremmer, founder and president of Eurasia Group, said the latest NATO summit showed that the West and its opponents appeared to be positioning themselves in a "new Cold War posture." Russia, North Korea and Iran are already under substantial international sanctions, and those restrictions on trade and key sectors have arguably pushed them closer together.

Persons: George Robertson, We're, …, Robertson, Russia's, Xi Jinping, Vladimir Putin, Pedro Pardo, Lin Jian, Ian Bremmer, Ed Arnold Organizations: State, Government, NATO, Government Summit, Washington DC, Anadolu, Getty, Sky News, Forum, International Cooperation, of, People, Afp, Ukraine, European Union, Eurasia Group, Alliance, European Security, International Security, Royal United Services Institute Locations: Washington, United States, Russia, China, North Korea, Iran, Beijing, Ukraine, Moscow, PRC, People's Republic of China, Europe

☆ China's Zara rival is expanding — and it's setting its sights on London and NYC next
▼ + stars: | 2024-07-18 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Facing a weaker Chinese market, Urban Revivo plans on expanding to the West. Urban Revivo's physical stores could help it break through to the US market, where it sells online. AdvertisementA Chinese fast-fashion company is planning a quick global expansion, just as industry heavyweights slow their growth to focus on online shopping. Zara has been cutting its footprint post-pandemic, with plans to slash as many as 1,200 stores and double down on e-commerce. But China's Urban Revivo, founded in 2006, is eyeing markets well outside of Asia.

Persons: —, Zara, Leo Li Organizations: Urban, Service, Parent, Momentum, Nikkei Asia, Business Locations: Asia, London, New York

☆ The 'Trump trade' is winding down, and the Fed's rate plans are back in focus
▼ + stars: | 2024-07-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Read previewBarely a week after the failed assassination of former US President Donald Trump, investors are already moving on from the "Trump trade." The "Trump trade" refers to investor strategies that reflect the market consequences of a second Trump presidency. Schumacher said the "Trump trade" has run its course and is "about done for now." Focus on Fed interest rate decisionTo be sure, a second Trump presidency — including his administration's trade and tariff policies — would have important implications for the macroeconomy and markets, say most analysts. On Wednesday, Fed Governor Christopher Waller indicated that the central bank would cut "in the not-too-distant future."

Persons: —, Donald Trump, Trump, Michael Schumacher, Schumacher, Vishnu Varathan, Mizuho Bank's, Jerome Powell, Christopher Waller Organizations: Service, Trump, Business, Federal Reserve, US Treasury, Bloomberg, Wells, Wells Fargo Securities, Fed, Swiss, UBS Locations: Wells Fargo, Asia, Japan

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