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Beijing/Hong Kong CNN —Married for seven years, Hansen and his wife Momo care for six little ones at their apartment in downtown Beijing. By 2030, the number of pets in urban China alone will almost double the number of young children across the country, according to its projection. The country’s pet ownership rate would be even higher if the number of dogs and cats in rural areas were included. Its birth rate also dipped to 6.39 births per 1,000 people, the lowest rate since the founding of Communist China in 1949. I think it’s just that we love dogs,” Hansen said.
Persons: Hong Kong CNN —, Hansen, Momo, , Beijing hasn’t, they’ve, Justin Robertson, Goldman Sachs, Mao Zedong’s, Goldman, It’s, , Tao, CNN Tao, CNN Stuart Gietel, aren’t, Basten, “ We’re, ” Hansen, Xi Jinping Organizations: Hong Kong CNN, Research, CNN, Publishing, Authorities, Communist, Hong Kong University of Science, Technology Locations: China, Beijing, Hong Kong, Australia, France, India, Japan, East China's Jiangsu, Communist China, Basten
Nikkei jumps 3%, leading Asia-Pacific markets higher
  + stars: | 2024-09-12 | by ( Anniek Bao | In | ) www.cnbc.com   time to read: +2 min
A General view showing the Central Business District in Central on May 18, 2023 in Hong Kong, China. Asia-Pacific markets opened higher on Thursday, tracking gains on Wall Street after a volatile session spurred by inflation data. Japan's producer price index rose 2.5% year-on-year in August, less than the expected 2.8% and the 3% reported in the previous month. Investors will also look toward the release of Hong Kong's producer price index for the second quarter this afternoon. The listing is set to be the largest offering in Hong Kong since May 2021.
Persons: Jensen Huang, Goldman Sachs, Hong Organizations: Central Business District, Nikkei, Nvidia, Technology Conference, SK Hynix, Samsung Electronics, SoftBank, Bank of Japan, Reuters, Midea Locations: Central, Hong Kong, China, Asia, Pacific, San Francisco, Tokyo, India
Historically, a rate cut has been a signal for central banks in emerging markets, like India, to follow by easing monetary policy in their regions. The latest data shows that the inflation rate appears to be heading in the wrong direction in India. The headline inflation rate rose in August to 3.65% compared to 3.6% in the previous month. Instead, markets have simply hit snooze on a rate cut by the Reserve Bank of India for the moment. If there's no global recession, a risk-on sentiment will likely help push up emerging market equities in the medium term after the U.S. central bank cuts rates.
Persons: Shah, Mahesh Nandurkar, Surendra Goyal, CNBC's, BofA, Banks Organizations: Federal, Reserve Bank of India, Reserve Bank, Capital Economics, India, greenback, Federal Reserve, Jefferies, Bank of America, Citi, India Research, Bank Locations: India, U.S
Republican vice presidential nominee Ohio Sen. JD Vance on Thursday took a shot at Apple on CNBC's "Squawk Box," stating he thinks the company benefits from "slave labor" in China. "Do I think Apple is an evil company? Do I think that sometimes they benefit from Chinese slave labor? "I think that a company that wants to benefit from American markets should also have to pay American workers a fair wage." Apple has previously stated that it has found no evidence of forced labor anywhere it operates.
Persons: Ohio Sen, JD Vance, Vance, Apple, Donald Trump, Lina Organizations: Ohio, Apple, Congressional, Commission, . Customs, U.S, Federal Trade Commission, Facebook, Meta, Google Locations: China, Vietnam, India, iPhones, New York City
Samsung Electronics, the world's top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told Reuters. The sources declined to be named because the scope and details of the job cuts remained confidential. Samsung Electronics , the world's top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told Reuters. The job cuts come as Samsung grapples with mounting pressure on its key units. One of the sources familiar with the plans said the job cuts were being made in preparation for a slowdown in global demand for technology products as the global economy slows.
Persons: Samsung's, Samsung Organizations: Samsung Electronics, Reuters, Samsung, Manufacturing, South Korean, SK Hynix, Apple, Huawei Locations: Americas, Europe, Asia, Africa, South Korea, India, China
GUWAHATI, India — Internet and mobile data services were suspended for five days and an indefinite curfew imposed in parts of India’s northeastern state of Manipur on Tuesday after student protests over continuing ethnic strife turned violent. Police say they suspect that the drones were used by Kuki militants, a claim denied by Kuki groups. Protesters threw stones and plastic bottles in front of the main gate of the state governor’s residence, police said in a statement. As protests spilled over into Tuesday, the local government imposed a curfew in the Imphal Valley and surrounding districts and suspended internet services in five valley districts. Authorities shut down the internet in Manipur last year, in one of India’s longest enforced outages.
Persons: , , Narendra Modi’s, Modi Organizations: Police, Kuki, Protesters, Government, Authorities, Indian, Narendra Modi’s Bharatiya Janata Party, BJP Locations: GUWAHATI, India, Manipur, Kuki, Imphal, Myanmar, Thoubal
But more than half the global population isn’t eating enough of these and five other nutrients also crucial for human health, according to a new study. More than 5 billion people don’t consume enough iodine, vitamin E or calcium, found the study published August 29 in the journal The Lancet Global Health. Billions of people don’t consume enough of at least seven micronutrients present in hundreds of foods, according to a new study. For these reasons, the research team estimated the prevalence of inadequate intakes of 15 micronutrients among 185 countries, or 99.3% of the population. “Therefore, iodine might be the only nutrient for which inadequate intake from food is largely overestimated,” the authors said, referring to their findings.
Persons: , Christopher Free, haven’t, didn’t, Ty Beal, Lauren Sastre, Sastre, wasn’t, , ” Sastre Organizations: CNN, Marine Science Institute, Bren School of Environmental Science, Management, University of California, Database, Global Alliance, Improved Nutrition, Clinic, East Carolina University, UNICEF Locations: Santa Barbara, India, Asia, Saharan Africa, Swiss, North Carolina
BNP Paribas: "a lot of value" in Indian large-caps
  + stars: | 2024-09-11 | 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 EmailBNP Paribas: "a lot of value" in Indian large-capsBNP Paribas' Kunal Vora sees very favorable macroeconomic conditions in India supporting growth in equities. He sees more value in large-cap stocks.
Persons: Kunal Vora Organizations: BNP Locations: India
But one feature of the new button seems tailored for Apple's Gen Z audience. Advertisement0.5x selfies are all the rage with Gen Z. Advertisement"The new camera control alongside larger screen and improved battery performance will cement the iPhone 16 Pro Max as the top choice for Gen Z consumers," Al Jumaily said. "Gen Z is not a homogenous group," said Shantanu Dutta, a marketing professor at USC's Marshall School of Business. "The benefits desired by Gen Z users differ from country to country."
Persons: , Gen Z, Gen, Monica Hillison, Hillison, Abdul Al Jumaily, Max, Al Jumaily, Shantanu Dutta, Dutta Organizations: Service, Business, Consumer, Virginia Tech, Apple, USC's Marshall School of Business, Gen Locations: Asia, India
CNN —Glenn Lowry, the longest-serving director of New York’s Museum of Modern Art (MoMA), is stepping down after three decades in the role, he announced Tuesday. Spencer Platt/Getty ImagesJoining MoMA from Canada’s Art Gallery of Ontario in 1995, Lowry is the sixth director in the storied museum’s 95-year history. Welcoming 2.7 million visitors a year, according to the latest figures, MoMA is the USA’s third-most-visited art museum after the nearby Metropolitan Museum of Art and Washington DC’s National Gallery of Art. Through exhibitions, commissions and acquisitions, Lowry used art to address some of the most pressing social themes of the day. Tuesday’s announcement comes just over a week after Lowry sat down with CNN’s Richard Quest for an interview at MoMA.
Persons: Glenn Lowry, , , Spencer Platt, Lowry, CNN’s Richard Quest, Quest, Paul Cézanne’s “, Robert Rauschenberg, India’s Kiran Organizations: CNN, New York’s Museum of Modern Art, New York Times, Times, MoMA, Modern Art, Getty, Canada’s Art, of Ontario, Art, Metropolitan Museum of Art, Washington DC’s, of Art, Robert Rauschenberg Foundation Locations: Manhattan, Queens, Red,
Preparing for the endJoe and Audrey Martucci say they are grateful for the nine-month cruise experience, but at times they found the schedule tiring. A trip of a lifetimeGen Z traveler Little Rat Brain says Antarctica, pictured here, was her world cruise highlight. Little Rat Brain, passenger on board the nine-month cruiseThe TikTok-famous passengers are now considering how to pivot their online presences. “I don’t think anything’s ever going to have the virality of the nine-month cruise,” Fletcher says. “I’m not really sure if it will ever occur again,” agrees Little Rat Brain.
Persons: Royal, , Angie Linderman, Linderman, Ale Kenney, Shannon Marie Lake, Anthony McWilliams –, Joe, Audrey Martucci, Joe Martucci, Bobbi Waterman, Tam, Julian Mendoza, Daniele Salvatore Arbisi, , they’re, , Beth Anne Fletcher, ’ Fletcher wasn’t, you’re, ” Fletcher, Joe Martucci didn’t, TikTok, ” Oosthuizen, … ” LRB, itineraries, LRB, there’s, someone’s, Anthony McWilliams, Amike, Oosthuizen, Drake, ’ ”, McWilliams, y’all, Anthony Antoine McWilliams Fletcher, Fletcher, “ Beth Anne’s, Audrey, Shannon Lake, ” McWilliams, “ We’re, it’s, “ Truman, Brandee, aunties, It’s, , can’t, “ I’m, influencer Marc Sebastian, Sebastian, they’ve, ” LRB, ” Linderman, haven’t, There’s, Princess Cruises –, she’s, “ Everything’s Organizations: CNN, CNN Travel, Royal, NASA, Seas, New York City, MSC Cruises, Princess Cruises, Vie Locations: Royal Caribbean, Miami, Shannon, American, British, South Africa, Halifax, Canada, Southampton, , California, China, New York, LA, Antarctica, India, Portofino, Italy, Iguazu, , Caribbean, Belfast , Northern Ireland
Workers at Samsung India plant strike, partly hitting production
  + stars: | 2024-09-10 | by ( ) www.cnbc.com   time to read: +1 min
Samsung employs under 2,000 workers at its Sriperumbudur plant near the city of Chennai which makes refrigerators and washing machines. The strike comes after Samsung Electronics' biggest union in South Korea held a four-day strike in August demanding higher wages and bonuses after talks with management fell through. Hundreds of workers at a Samsung Electronics plant in southern India have begun an indefinite strike to demand higher wages, partly hitting production on Monday, a union leader told Reuters. E. Muthukumar, who heads the Samsung India union, said many people dressed in company uniform sat outside the plant and demanded a wage hike and better working hours. A Samsung India spokesperson said in an email the company actively engages with "workers to address any grievances they may have and comply with all laws and regulations".
Persons: Muthukumar Organizations: Samsung, Samsung Electronics, Reuters, Samsung India Locations: Chennai, South Korea, India, Samsung India, Noida, Uttar Pradesh
But the dream of becoming a flight attendant never went away, and she continued to apply after graduation. Tan applied to be a flight attendant on Singapore Airlines 10 times. Flying began to feel mundane, and she was uncertain about the job stability and career progression of being a flight attendant, she said. As a flight attendant, Tan got around a day off after working for two or three days a week. AdvertisementNo easy business to break intoThe hawker business is challenging to succeed in.
Persons: , Cherry Tan, Tan, Duncan Hsu, Hsu, Erin Liam, KF, Hawker, " Tan, I'm, Tan doesn't, hawkers Organizations: Service, Singapore Airlines, Singapore Institute of Technology, Business, Urban, Factory, UNESCO, Intangible, Heritage, National Environment Locations: Singapore, Taiwan, Urban Hawker, New York City, hawker, India
Interest in India has been rising steadily among investors, thanks to its growing economy , strong stock market performance and burgeoning population . Amid some talk of an Indian stock market bubble , however, Pramod Gubbi, co-founder of Marcellus Investment Managers, revealed how he is playing the market. So, our job is to evaluate whether the management teams are hungry enough to identify changes that are happening and adapt to them," he told CNBC Pro last week. Women-led themes One theme that Gubbi is interested in is how India's growing numbers of working women are spending their money. Other stocks Other Indian companies Gubbi likes include Divi's Laboratories and HDFC Bank .
Persons: Pramod Gubbi, Marcellus, Gubbi, Maggi, Nescafe Organizations: Marcellus Investment, Management, CNBC Pro, Bombay Stock Exchange, Tata Group, Brands, Nestle, , Paints, Divi's Laboratories, HDFC Bank, Novartis, GSK, Merck Locations: India, U.S, China
Macquarie Capital: India's steady growth to continue
  + stars: | 2024-09-10 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacquarie Capital: India's steady growth to continueSandeep Bhatia of Macquarie Capital believes India will continue its growth. Attention to some previously unfancied sectors is coming amid India's weightage increase in the MSCI Emerging Markets index.
Persons: Sandeep Bhatia Organizations: Macquarie, Macquarie Capital Locations: India
Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod, Russia on June 11, 2024. BRICS, which stands for Brazil, Russia, India, China and South Africa, is a group of emerging market countries that seek to deepen their economic ties. Russian President Vladimir Putin shakes hands with Turkish President Recep Tayyip Erdogan during their joint press conference on September 4, 2023, in Sochi, Russia. The fact that it's led by China makes some in the West wary, who see this as a potential win for Beijing. Turkish President Recep Tayyip Erdogan (not seen) is welcomed by Chinese President Xi Jinping as part of the 11th G20 Leaders' Summit in Hangzhou, China, on September 3, 2016.
Persons: Hakan Fidan, Sefa, It's, George Dyson, Dyson, Matthew Bryza, Recep Tayyip Erdogan, Vladimir Putin, Russia —, Arda Tunca, Tunca, it's, Xi Jinping, Mehmet Ali Ozcan Organizations: Turkish, Anadolu, Getty, AK Party, NATO, Control, CNBC, EU, White House, Senior State Department, United Arab, Russia, West, China, Beijing, Anadolu Agency Locations: Nizhny Novgorod, Russia, Brazil, India, China, South Africa, Iran, Egypt, Ethiopia, UAE, Western, Turkey, Europe, U.S, Ankara, Istanbul, Ukraine, Saudi Arabia, United Arab Emirates, Russian, Sochi, United States, BRICS, Turkish, Hangzhou
Asia-Pacific markets were mixed on Tuesday, following gains on Wall Street that saw both the S&P 500 and Nasdaq Composite rebound from their worst week of the year. The S&P 500 gained 1.16%, after posting its worst week since March 2023. The Nasdaq Composite also jumped 1.16% following its worst week in more than two years. China's exports grew 8.7% year-on-year in August and imports grew 0.5%, customs data showed, compared to the forecast of 6.5% and 2%, respectively, in a Reuters poll. Apple just wrapped up an event at its headquarters in Cupertino, California, where it unveiled the iPhone 16 Pro and the iPhone 16 Pro Max, which join the iPhone 16 and iPhone 16 Plus the company announced earlier.
Organizations: Nasdaq, Traders, Apple Locations: Shanghai, China, Asia, Pacific, India, Cupertino , California
Production at a key Samsung Electronics plant in southern India was disrupted by hundreds of employees striking for higher wages on Tuesday, as top executives sought to resolve a rare episode of labor unrest. Posters saying “Indefinite Strike” went up outside the factory near the city of Chennai, where hundreds of workers in company uniforms set up tents to shade themselves from the heat. People shop inside a store selling Samsung mobile phones and electronics at Mumbai, India on March 6, 2023. A spokesperson for Samsung India said on Monday that it actively engaged with workers “to address any grievances they may have and comply with all laws and regulations.”Around 800 workers signed a register outside the factory to record their protest. One poster outside the factory exhorted state labor officials not to support management, advising instead: “Discuss and solve demands from the labor union with union officials.”
Persons: E, Muthukumar, Francis Mascarenhas, Veera Raghava Rao, , , Prabhu Ram Organizations: Samsung Electronics, Samsung, India’s, LG Electronics, Reuters, Centre of Indian Trade Unions, Samsung’s Southwest, JB, India, Samsung India, Cybermedia Research Locations: India, South Korea, Sriperumbudur, Chennai, Seoul, Samsung’s, Samsung’s Southwest Asia, Gurugram, New Delhi, Mumbai
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewRussian President Vladimir Putin is having a very social year as his country continues to wage war in Ukraine. So far, Putin has met top leaders from Asian countries including China, India, Vietnam, and Indonesia. Russia is the BRICS chair this year, and Putin has invited Mongolia to join the group's summit in October. Russia's push for a multipolar world order resonates with countries who desire a more equitable international order.
Persons: , Vladimir Putin, Putin, Sean McFate, McFate, Anwar Ibrahim, Ukhnaagiin Khürelsükh, couldn't, Russia —, Serik, Li Qiang's, Syracuse University's McFate, it's, Derek Grossman, Grossman Organizations: Service, Syracuse University Maxwell School of Citizenship, Public Affairs, Business, Malaysian, Criminal, ICC, World Bank, European Union, NATO, Bloomberg, Moscow, Central, European, EU, United Nations, RAND, Foreign Locations: Ukraine, China, India, Vietnam, Indonesia, Russia, North Korea, Iran, Mongolia, Mongolian, Russia's, European, Sri Lanka, Turkey, Kazakhstan, Central Asian, European Union, Moscow, Beijing, Europe, Syracuse, Brazil, South Africa, Malaysia, Switzerland, United States
The plot to topple Putin
  + stars: | 2024-09-09 | by ( Paul Starobin | ) www.businessinsider.com   time to read: +32 min
But it was only when Putin launched his full-scale invasion of Ukraine , in 2022, that Ammosov began to plot the overthrow of his homeland. As I found in months of wide-ranging interviews, everyone aspiring to a new Russian revolution grasps the seemingly impossible odds of their bid to topple Putin. Ponomarev — who was profiled last year in The Washington Post under the headline "Could this man bring down Putin?" Most applicants live in Russia, Sokolov tells me, but submissions have come from as far away as Uruguay. "I know a lot of good officers" in the CIA, Ponomarev told me, who "sympathize" with the anti-Putin insurgency.
Persons: Vladislav Ammosov, Ukraine —, Ammosov, wondrously, Vladimir Putin, Putin, Simona Supino, Alexey Navalny —, Ilya Ponomarev, Ponomarev —, , Sean Guillory, Denis Sokolov, Sokolov, Galina Starovoytova, Anastasia Sergeeva, Sergeeva, Valter, Putin —, Tatiana Kosinova, Yelena Bonner, Itil, Boris Nemtsov, Nemtsov, Vladimir Lenin, specter, NurPhoto, Lenin, Leon Trotsky, Mao Zedong, Fidel Castro, Boris Akunin, Ponomarev, Trotsky, Mao, Castro, Alexei Sobchenko, Sergei Chuzavkov, Ilya Ponomarev Ponomarev, Michał Kamiński, Kosinova, Pavel Ivanovich Chichikov, Nikolai Gogol's, . Barnum, Bernie, Madoff, Donald, Leonid Nevzlin, Mikhail Khodorkovsky, Navalny, King George III, Khodorkovsky, Garry Kasparov, Putin's, Andrey Volna, Brian Fitzpatrick, Charlie Wilson's, Tom Hanks, Philip Seymour Hoffman, Daniel Fried, William Burns, Fried, Biden, We're, Evgenia, it's Organizations: Putin, Ukrainian, Russian Federation, The Washington Post, University of Pittsburgh, Civic Council, Kennan, Wilson Center, GRU, Russia, BI, International Republican Institute, CIA, Kremlin, Russian, Memorial, Soviet Union, of America, Civic, Ukraine's Ministry of Defense, Russian Volunteer Corps, European, Human Rights, Siberian Battalion, Ammosov, Ukrainian Armed Forces, Putin's Defense Ministry, True, Bolsheviks, of Russia Legion, People's Deputies, State Department, Justice Department, Polish Senate, Trump University, Trump, Khodorkovsky, FBI, Intelligence, Senate, Ukrainian Security Services, Bolshevik Locations: Siberia, Russia, Warsaw, Poland, Ukraine, Sakha, India, Putin Russia, Russian, Kyiv, The, restive North Caucasus, Washington, Soviet Union, Moscow, WhatsApp, Ukrainian, Soviet, Crimean, USSR, Europe, Uruguay, Armenia, Georgia, Kazakhstan, America, Canada, Great Britain, Germany, Australia, Belgorod, Kursk, Kremlin, China, Cuba, True Russia, Ponomarev, Northern Virginia, Polish, ., Lviv, Yukos, London, Pennsylvania, Texas, Afghanistan, Putin Russian, Tallinn, Estonia
Cheating in India's medical entrance examCheating has, in particular, plagued India's highly competitive medical entrance exam, also known as the National Eligibility Cum Entrance Test (NEET). "Question papers are sold at extravagantly high prices," Ashok Rathore, a police officer who investigated cheating linked to India's medical school exam, told the Journal. The person said they can provide next year's medical entrance exam questions for around 1 lakh rupees ($1,200). Those with money can still legally obtain places in private medical colleges if they pay fees ranging from $115,000 to $145,000. Advertisement"For those people, the fact that someone cracked a highly competitive entrance exam and got in would inspire more confidence than someone who paid their way through the whole thing."
Persons: , Dharmendra Pradhan, Ashok Rathore, George Organizations: Service, National Testing Agency, NTA, BBC, Business, Wall Street Locations: India
Musk's commitment to the issue of free speech, however, is otherwise spotty, if not outright hypocritical. The battle in BrazilIn Brazil, the battle got real for Musk. Starlink backed down, eventually complying with legal demands to block X in Brazil, but Musk hasn't given up. AdvertisementMusk argues in memesFor now, Musk seems to be defending free speech (and X's presence in Brazil) by publicly attacking de Moraes. "But if Elon Musk doesn't act differently, I think X or Twitter will be blocked in Brazil for a long time."
Persons: , Elon Musk, Alexandre de Moraes, Narendra Modi, Moraes, Jair, Brazil's, Musk, de Moraes, Veridiana, Casey Newton, Donald Trump, Alex Jones, Pavel Durov, Durov, El Pais, X, Starlink, cosplaying, Luiz Inácio Lula da Silva, Lord Voldemort, Harry Potter, Mariana Valente Organizations: Service, Brazilian Supreme, Business, Electronic Frontier Foundation, Bloomberg, Twitter, Brazilian, SpaceX, Bolsonaro, Elon Locations: Brazil, Turkey, India
CNN —The deep landslides beneath the multimillion-dollar homes in Rancho Palos Verdes moved at an almost glacial pace, until they didn’t. This affluent coastal city in Southern California, around 30 miles south of Los Angeles, has long enticed people with its Pacific Ocean views and lush greenery. This February, an atmospheric river dumped record amounts of rain across southern California, triggering hundreds of mudslides and leaving at least nine people dead. In July, a landslide triggered by heavy monsoon rains in India’s southern state of Kerala killed at least 150 people. In Southern California, “people wanted to pretend they lived in the tropics,” he said, “and planted a lot of landscaping that required lots of watering.”Deforestation is another factor.
Persons: Gavin Newsom, Jason Armond, Alexander Handwerger, , Gary Griggs, Dave Petley, Dana Point perilously, Ted Soqui, Handwerger, “ We’ve, Griggs, Thomas, Marcio Jose Sanchez, Cyclone Gabriel, Ugur Öztürk, University of Hull’s Petley Organizations: CNN, Rancho Palos Verdes, Bend Community, Rancho Palos, Los Angeles Times, Jet Propulsion Laboratory, Palos, University of California, University of Hull, AP, Cyclone, University of Potsdam, German Research Centre, Geosciences, University of Hull’s Locations: Rancho, Southern California, Los Angeles, Rancho Palos Verdes, Palos Verdes, University of California Santa Cruz, England, California, Dana Point, Dana Point , California, Montecito, Montecito , California, New Zealand, Kerala
Top 10 people most likely to reach trillionaire status
  + stars: | 2024-09-06 | by ( Robert Frank | ) www.nbcnews.com   time to read: +3 min
According to a new report from Informa Connect Academy, which predicts trillionaire status based on average annual growth rate in wealth, Tesla CEO Elon Musk will likely be the first trillionaire. Musk is currently the world’s richest person, with $251 billion, according to the Bloomberg Billionaires Index. The second to reach trillionaire status, according to the report, will be India’s Gautam Adani, founder of the Adani Group conglomerate. If Adani maintains his recent annual growth rate of 123%, the report says he will be a trillionaire in 2028. The report predicts Pangestu could reach trillionaire status by 2028.
Persons: , John D, Rockefeller, Berkshire Hathaway, Warren Buffett’s, Elon Musk, Musk, Gautam Adani, Adani, Jensen Huang, Pangestu, Bernard Arnault, Mark Zuckerberg, Jeff Bezos, wouldn’t, Larry Page, Sergey Brin Organizations: , New York Times, Berkshire, Nvidia, Informa Connect Academy, Bloomberg, Connect, Adani Group, Barito, Meta, Google
New York CNN —A.G. Sulzberger, the New York Times publisher, sounded the alarm Thursday on the “quiet war” against press freedoms unleashed by authoritarians around the world and said Americans should understand the anti-media “playbook” that Donald Trump might employ in a second term. “The effectiveness of this playbook should not be underestimated,” Sulzberger wrote. “I believe the risk is shared by our entire profession, as well as all who depend on it,” he wrote. The collaboration makes a clear statement about the importance of solidarity in the face of existential threats to press freedom. “They’ve been a great partner on the cause of press freedom over many decades and it’s great to see that tradition continue.”
Persons: New York CNN — A.G, Sulzberger, authoritarians, Donald Trump, Trump, , , ” Sulzberger, , “ I’m, “ They’ve Organizations: New, New York CNN, New York Times, Times, Washington Post, Hungary —, Columbia, Trump’s, Post Locations: New York, Hungary, India, Brazil
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