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Fertility rates across OECD countries have halved since 1960, according to a new OECD report. He said the three countries are disproportionately impacted by a rapidly aging population, largely due to improved standards of living, which have a "very strong inverse relationship with fertility rates." These improved conditions have led to a greater opportunity cost for having children, Xu said. Shrinking workforceA decline in fertility rate puts pressure on the economy and the society at large as the working population shrinks. China's policy shiftsIn China, policymakers have been putting a big emphasis on "productivity growth," Xu told CNBC.
Persons: Leren Lu, Darren Tay, Erica Tay, Tianchen Xu, Xu, BMI's Tay, Tay, Maybank's Tay Organizations: OECD, BMI, Risk, United Nations, Economist Intelligence, Economic Co, National Bureau of Statistics, CNBC, Economist Intelligence Unit Locations: China, Asia, South Korea, Japan, East, Southeast Asia, Maybank
Germany blocks sale of VW gas turbine business to China
  + stars: | 2024-07-04 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +2 min
London/Berlin CNN —Germany has blocked the sale of a Volkswagen subsidiary to China on national security grounds, delivering a fresh blow to the already tense relationship with its biggest trading partner. MAN Energy Solutions, part of the Volkswagen Group, said in June 2023 that it planned to sell its gas turbines business to Chinese state-owned CSIC Longjiang GH Gas Turbine Co (GHGT). But a German government review, initiated in September, raised concerns that China might use the gas turbines to power warships, according to Reuters. In November 2022, Germany blocked the sale of one of its semiconductor factories to a Chinese-owned tech company, also citing security concerns. “(We) will now initiate a structured process to close-down the gas turbine division, which will take place over the coming months,” the company added in a statement shared with CNN.
Persons: Robert Habeck, , Nancy Faeser Organizations: Berlin CNN —, Volkswagen, MAN Energy Solutions, Volkswagen Group, GH Gas Turbine Co, Reuters, European Union, Ukraine —, China’s Ministry of Foreign Affairs, CNN Locations: Berlin, Berlin CNN — Germany, China, Beijing, Germany, Russia, Ukraine
Russia launches many of its drone and missile attacks from within its own borders, and it amasses troops and equipment at home for offensive pushes into Ukraine. But for a long time, Ukraine could only turn to options like long-range drones to go after targets in Russia. De Bretton-Gordon noted that many Russian missile and drone attacks are launched from Russia itself. Russia initiated a new offensive against Kharkiv on May 10, launching deadly missile attacks and slowly pushing its military forward. Ingram agreed, saying that in Kharkiv, Ukraine's new permissions have "made a huge difference.
Persons: , It's, Hamish de Bretton, Gordon, de Bretton, Bretton, George Barros, it's, Barros, Philip Ingram, weren't, Michael Clarke, John Hamilton, Volodymyr Zelenskyy, ISW, Kostiantyn Liberov, Ingram, Cancian Organizations: Service, Business, NATO Chemical, Nuclear, Army Tactical Missile Systems, Russian, Getty, Russian Defense Ministry, British Army, Army Tactical Missile System, Kharkiv, Associated Press, Artillery Rocket Systems Locations: Ukraine, Russia, West, Kharkiv, Russian, Anadolu, British, Belgorod, Russia's, Crimea, Ukrainian
This type of jaw pain was debilitating, but I hadn't learned anything about treating it in dental school. AdvertisementSince then, I've learned a lot about jaw health — including that seemingly harmless things can really impact your jaw. Here are five common things you should avoid if you want to foster good jaw health in yourself and your kids. Chewing on gum or other items is like doing that for your jaw and can lead to overuse injuries. Jaw health and tongue position can play a huge role in overall health.
Persons: Priya Mistry, I've, we're Organizations: Service, Business
To that end, although classic bicep curls often take center stage for building arm strength, another arm exercise deserves attention in your workouts: the hammer curl. Aptly named, hammer curls mimic the action of holding and using a hammer. Unlike regular bicep curls, which use a palms-up grip, hammer curls are performed with a neutral grip with palms facing each other. FreshSplash/E+/Getty ImagesThe everyday functional benefits of hammer curlsDespite their somewhat obscure reputation, hammer curls aren’t just for gym enthusiasts. • With less wrist rotation than traditional curls, hammer curls minimize the risk of injury, especially for those people with previous wrist or elbow issues.
Persons: Dana Santas Organizations: Pain, CNN, CNN’s
"He caused the inflation," Trump said of Biden during the June 27 debate. "He decimated the economy, absolutely decimated the economy," Biden said. 'Neither Trump nor Biden is to blame'Global events beyond Trump's or Biden's control wreaked havoc on supply-and-demand dynamics in the U.S. economy, fueling higher prices, economists said. "In my view, neither Trump nor Biden is to blame for the high inflation," said Mark Zandi, chief economist at Moody's Analytics. For example, Trump imposed tariffs on imported steel, aluminum and several goods from China, which Biden largely kept intact.
Persons: Donald Trump, Joe Biden, Andrew Harnik, Trump, Biden, David Wessel, Mark Zandi, Mario Tama, Wessel, Zandi, Stephen Brown, , Michael Strain, Strain Organizations: Getty, Federal Reserve, Biden, Trump, Hutchins, Brookings Institution, Finance, Social Security, Medicare, Moody's, Port, International Monetary Fund, North, Capital Economics, American, American Enterprise Institute, Federal, U.S Locations: Atlanta, U.S, Ukraine, China, Port of Los Angeles, San Pedro , California, North America, It's
The travel industry is in the midst of another hot summer as Americans hit the road and make for the airport to take advantage of slightly cheaper flights and gas. But the 2024 vacation outlook isn’t all sunny: Like the rest of the American consumer experience this year, it is sharply divided. Many richer consumers — always the lifeblood of the travel industry — are feeling good this year as a strong stock market and rising home values boost their wealth. The gulf between higher- and lower-income consumers has been widening for years, but it is expected to show up especially clearly in travel this summer. Budget hotel chains, by contrast, are expected to report a pullback.
Organizations: Foods, Walmart, Budget
Read previewA deadly and fast-spreading new strain of mpox, the disease caused by the monkeypox virus, has global health officials ringing alarm bells. The new virus is called clade Ib, since it's a mutation of an even earlier form of mpox. AdvertisementThe new clade Ib virus could cause a global outbreak, experts fear, though they stopped short of warning of a pandemic. "The pandemic question is difficult," Trudie Lang, director of the Global Health Network at Oxford University, said in the briefing. The new clade Ib strain seems to do it all.
Persons: , John Claude Udahemuka, Trudie Lang, There's, Lang, Murhula, mpox, Rosamund Lewis, Murhula Masirika Organizations: Service, University of Rwanda, Business, World Health Organization, Democratic, Global Health Network, Oxford University, Centers for Disease Control, WHO, Reuters Locations: Democratic Republic of, Congo, Rwanda, Burundi, Uganda, Democratic Republic of Congo, DRC, Africa
So far, the only part of Earth AI seems hell-bent on dominating is the power grid. AI data centers are doubling the pace of electricity demand growth in the US to the extent that demand could exceed supply in just two years without action, according to Bernstein Research. The potential shortfall could mean higher prices for the computing power AI developers of all sizes are clamoring for, along with ample opportunity for investors willing to build up supply. How are AI companies planning aheadIt's not just the total power needed for AI computing infrastructure, it's the unique cadence of the power need and the cooling AI chips require. Amazon is clearing some of these hurdles by colocating some data centers with nuclear power sites.
Persons: , that's, catchup, Bernstein, Jensen Huang, Huang, Agrawal, we're, Andrew Feldman, Feldman Organizations: Service, Bernstein Research, Business, Nvidia, Vertiv, Lambda, Cerebras Systems Locations: UAE, South Africa, Kenya, Nigeria, Egypt, Iceland
Yet, in a year of elections around the world, politicians are largely ignoring the problem, unwilling to level with voters about the tax increases and spending cuts needed to tackle the deluge of borrowing. In France, political turmoil has exacerbated concerns about the country’s debt, sending bond yields, or returns demanded by investors, soaring. “Many (politicians) are not willing to talk about the hard choices that are going to need to be made. Despite growing alarm over the federal government’s debt pile, neither Joe Biden nor Donald Trump, the main 2024 presidential candidates, are promising fiscal discipline ahead of the election. Former Prime Minister Liz Truss triggered a collapse in the pound in 2022 when she tried to force through big tax cuts funded by increased borrowing.
Persons: ” Roger Hallam, Karen Dynan, ” Kenneth Rogoff, , don’t, Joe Biden, Donald Trump, Biden, Paul Johnson, William Ruto, Liz Truss, hasn’t, Emmanuel Macron, Dynan, it’s Organizations: London CNN, Monetary Fund, Investors, Vanguard, CNN, US Treasury, Harvard Kennedy School, Harvard University, , Congressional, CBO, Trump, Fiscal Studies, United Kingdom, Former Locations: United States, France, Germany, Kenya
Traders work on the floor at the New York Stock Exchange on June 24, 2024. During Tuesday's main trading session, the broad market index rose 0.62% to close above 5,500 for the first time. U.S. stock futures traded near the flatline Wednesday morning after the S&P 500 closed above 5,500 for the first time. As the S&P 500 continues to climb, concern is growing across Wall Street that the narrow leadership of the rally is not sustainable for much longer. The New York Stock Exchange closes early at 1 p.m.
Persons: Jerome Powell, Scott Chronert, Chronert Organizations: New York Stock Exchange, Nasdaq, Dow, Paramount Global, Wall Street, The New York Times, Skydance Media, Federal Reserve, Citi Research, P Global U.S, Services, ISM, The New York Stock Exchange, Independence Locations: U.S
Insider Today: Wall Street recruiting hell
  + stars: | 2024-06-30 | by ( Matt Turner | ) www.businessinsider.com   time to read: +5 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Become an Insider and start reading now. One senior partner at McKinsey told Business Insider that helping clients use generative AI might become most of the firm's work in the future. Alexsl, Tovovan/Getty Images, Abanti Chowdhury/BIGoogle's Gen Z studyResearchers at Jigsaw, a subsidiary of Google, unearthed alarming findings about Gen Z's internet habits. W6/Getty Images; Jenny Chang-Rodriguez/BIPE "Hunger Games"Private equity's annual recruiting process kicked off earlier than ever this year, sending young bankers into a frenzy.
Persons: , Jenny Chang, Rodriguez, They're, Goldman Sachs, Ashley Kostial, Taylor Glascock, She's, Alberto Miranda, Pong, It's, Abanti Chowdhury, Gen Z, influencers Organizations: Service, Business, Software, Venture, Consulting, McKinsey, SAP, BI, Aetna, Cognition, NFL, Google, Getty Locations: New York City, America, Silicon Valley
AdvertisementImages provided to BI appear to show blood-stained floors, cracked countertops, and, disturbingly, a life-sized human dummy. An image provided to Business Insider appears to show a human dummy alongside packets of zip ties in Alison Weinsweig's apartment. Kohanim left the property in April, but Weinsweig alleges that her former tenant has yet to return the keys or fob. AdvertisementA photograph provided by Alison Weinsweig appears to show blood on the floor of the bathroom in her apartment. Other images provided to BI also appear to show a life-sized dummy on the bathroom floor, next to zip-tie packets.
Persons: , Alison Weinsweig, I'd, Weinsweig, Alison Weinsweig's, Ramin, Kohanim, didn't Organizations: Service, Business, BI, LA, Superior, Weinsweig Locations: Wilshire, Pennsylvania, California, Los Angeles, Weinsweig
But Mucho quickly became a loved and cherished member of our little family. AdvertisementMucho had ample room to play and relax inside the house, and he received abundant attention from my partner's family, who absolutely adored him. We started spending weekends at my partner's family home, blurring the lines between our live-in relationship and marriage. My partner argued that the dog wouldn't have come into our lives without his decision to get Mucho. He was more than just a pet; he was my dog child, whom I loved so deeply.
Persons: , Mucho, Saint, Mucho's Organizations: Service, Business Locations: Saint Bernard
A second round of voting, which will pit the reformist, Masoud Pezeshkian, against Saeed Jalili, an ultraconservative former nuclear negotiator, will take place on July 5. The runoff was in part the result of low voter turnout and a crowded field of four candidates, three of whom competed for the conservative vote. Iranian law requires a winner to receive more than 50 percent of all votes cast. Iran’s economy is cratering under punishing Western sanctions, its citizens’ freedoms are increasingly curtailed and its foreign policy is largely shaped by hard-line leaders. In speeches, televised debates and round-table discussions, the candidates criticized government policies and ridiculed rosy official assessments of Iran’s economic prospects as harmful delusions.
Persons: Masoud Pezeshkian, Saeed Jalili,
A summer wave of Covid-19 has arrived in the US
  + stars: | 2024-06-28 | by ( Deidre Mcphillips | ) edition.cnn.com   time to read: +6 min
CNN —Covid-19 levels have been rising in the United States for weeks as new variants drive what’s become an annual summer surge. That’s enough time to offer protection during the winter respiratory virus season but probably after this summer’s wave has ebbed. On Thursday, the CDC recommended that everyone ages 6 months and older receive an updated Covid-19 vaccine for the 2024-25 season. Unlike flu and RSV, Covid-19 is constantly circulating; it doesn’t offer a reprieve. The changes are meant to “simplify RSV vaccine decision-making for clinicians and the public,” the agency said.
Persons: CNN —, , Robert Hopkins, ” Hopkins, Marlene Wolfe, , Dr, Jerry Weir, Marcus Plescia, Plescia, Sanjay Gupta, ” CNN’s Jen Christensen Organizations: CNN, US Centers for Disease Control, CDC, National Foundation for Infectious Diseases, Stanford University, Emory University, Emory, WastewaterSCAN, FDA, Viral Products, Vaccines Research, FDA’s, Biologics, Association of State, Territorial Health, CNN Health Locations: United States, , Covid
The on-cycle recruiting process is not easy on these young bankers, who are often already working 80+ hour weeks in their new investment-banking jobs. The conventional wisdom on Wall Street has always been that the most hawkish PE firms walk away with the most impressive candidates. Odyssey doesn't participate in on-cycle recruiting because it prefers to fill positions in what is known as "off-cycle," or the months that follow the initial recruiting process. It all leaves me thinking about the PE recruiting cycles of the future. To be overly cautious, I've already penciled in a calendar reminder for 2025: "Monitor for PE recruiting cycle kickoff."
Persons: Thoma, Goldman Sachs, haven't, Emmalyse Brownstein, Anthony Keizner, They're, Keizner, spokespeople, , I've, I'm Organizations: Service, Wall, Business, Apollo, KKR, Thoma Bravo, JPMorgan, Search, Rice, BI, TPG, Bain Capital Locations: freaked, New York City, New York, Clayton, Dubilier, Thailand
Spectators watch a race on the River Thames at the Henley Royal Regatta in Henley-on-Thames, west of London, on June 30, 2023. LONDON — Harmful E.coli bacteria has been discovered at "alarmingly high" levels in the U.K.'s River Thames just days before elite rowers are due to compete there for the international Henley Regatta, anti-pollution campaigners have warned. River Action also found E.coli levels up to 10 times higher in March tests. James Wallace, CEO of River Action, accused the government and Thames Water, which manages water supply in the area, of failing to appropriately manage water hygiene levels. Thames Water did not immediately respond to CNBC's request for comment, though the BBC reported that it had dubbed the findings "alarmist" and said it was monitoring bacteria levels.
Persons: James Wallace, Sir Steve Redgrave, UKHSA Organizations: Henley Royal Regatta, Henley Regatta, River Action, Henley, , Thames Water, BBC, CNBC, Henley Royal, Olympic, UK Health Security Agency Locations: Henley, Thames, London, Oxfordshire
Food wars will rise amid trade barriers and climate risk, Olam Agri's CEO warned. Advertisement"Food wars" are looming over global stability, as trade barriers and the climate crisis strain supply, the head of trading firm Olam Agri warned. We will fight bigger wars over food and water," he said during last week's Redburn Atlantic and Rothschild consumer conference. Though agricultural commodity traders took the blame for rising food costs after Russia's 2022 invasion of Ukraine, the CEO pushed back. Instead, the outbreak of non-tariff trade barriers was likely the chief culprit, with 1,266 curbs proliferating that year.
Persons: , Sunny Verghese Organizations: Service, The Financial Times, Rothschild Locations: Ukraine
The Vanishing Islands That Failed to Vanish
  + stars: | 2024-06-26 | by ( Raymond Zhong | Jason Gulley | ) www.nytimes.com   time to read: +26 min
The Vanishing Islands That Failed to Vanish Low-lying tropical island nations were expected to be early victims of rising seas. They found that over the past few decades, the islands’ edges had wobbled this way and that, eroding here, building there. No, to understand what really beguiles them about these islands, you need to take a dive into the surrounding sea. Coral reefs Indian Ocean Islands HUVADHOO ATOLL 5 miles Dhigulaabadhoo Coral reefs Indian Ocean Islands HUVADHOO ATOLL 5 miles Dhigulaabadhoo Islands HUVADHOO ATOLL Islands HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL Kandahalagalaa Dhigulaabadhoo HUVADHOO ATOLL Kandahalagalaa Dhigulaabadhoo A map of the Huvadhoo Atoll, a gourd-shaped ring of 241 islands in the southern Maldives. Huvadhoo Atoll is a gourd-shaped ring of 241 islands in the southern Maldives.
Persons: ” Charles Darwin, Darwin, bode, Arthur Webb, Paul Kench, “ I’m, Kench, Webb, Kench’s, Mohamed Aslam, Paul S, Aitana Gea Neuhaus, Gea Neuhaus, ” Ms, , ” Paul Kench, Gerd Masselink, Peter Ganderton, Curt Storlazzi, Tim Scott, Dr, Scott, , it’s, “ They’ve, munch, Storlazzi, Thoriq Ibrahim, Malé, Hariyya Ibrahim, Hariyya, Adam Shakir, Adam, Farhath Ibrahim, Mohamed Muizzu, Hussain Rasheed, Rakeedhoo, Ashiya, Ashiya’s Organizations: Graphics, University of Plymouth, National University of Singapore, Nature Communications, Airbus, Google, United States Geological Survey Locations: Maldives, INDIA, MALDIVES, Polynesia, Micronesia, Indian, Malé, Himandhoo, Huvadhoo, , England, Dhigulaabadhoo, Wade, Plymouth, grinned, Hulhumalé, New City, Sand, City, Towers City, Himandhoo’s, Rakeedhoo
Even as few as two hours daily on a device can cause eye problems, says Dr. Steven Reed, an optometrist and president of the AOA. Unmanaged screen use can lead to issues including dry eye, eye strain, back and neck pain, headaches, heavy eyelids, tearing and blurred vision. Modify brightness to a comfortable level depending on surrounding lighting and increase contrast on your device to reduce glare. Getting glasses that block blue light and reflective light, which are available for prescription and non-prescription lenses, can be an effective option for some people to prevent eye strain, too, eye doctors say. "If you're on your screen until bedtime and then you don't really sleep well, that impacts your overall health significantly," he says.
Persons: Steven Reed, Unplugging, Reed, Valerie Sheety Organizations: American Optometric Association, Deloitte Economics
The Israeli Supreme Court’s ruling on Tuesday that ended a decades-old exemption for ultra-Orthodox Jews from serving in the country’s military could herald a seismic change in the trajectory of the country, with social, political and security implications. The ruling is likely to further strain Prime Minister Benjamin Netanyahu’s brittle governing coalition, which depends on the support of two ultra-Orthodox parties that support the exemption, even as Israel is at war in Gaza. The issue of ultra-Orthodox exemption has long polarized a country where most Jewish 18-year-olds, both men and women, are conscripted for years of obligatory service. Mainstream Israelis have long bristled over a lack of equality. More recently, the monthslong war in Gaza and looming conflicts on other fronts have underscored the military’s need for more soldiers.
Persons: Benjamin Netanyahu’s Locations: Israel, Gaza
Zumper analyzed median asking rents for apartment listings in the largest 100 U.S. cities by population. Rents have also risen by at least 10% for both one- and two-bedroom apartments in other major metros: Lincoln, Nebraska; Chicago; Buffalo, New York; Madison, Wisconsin; Rochester, New York; and New York City, according to Zumper. What causes rent inflationAt a high level, rent inflation is guided by supply-and-demand dynamics, said Crystal Chen, an analyst who authored the Zumper analysis. Basically, areas with fast-growing rents are seeing demand outstrip the supply of available apartments, while those with falling rents have seen their apartment inventories growing. Rent inflation has fallen substantiallyRent inflation plummeted in the early days of the Covid-19 pandemic.
Persons: Jamie Kelter Davis, Zumper, Crystal Chen, Eric Adams, Fitch, Chen Organizations: Bloomberg, Getty, New, New York City Department of Housing Preservation, Development, Finance, York City Locations: Chicago, U.S, Syracuse , New York, Lincoln , Nebraska, Buffalo , New York, Madison , Wisconsin, Rochester , New York, New York City, Oakland , California, Memphis, Chattanooga , Tennessee, Cincinnati , Ohio, Colorado Springs , Colorado, Irving , Texas, Jacksonville , Florida, Raleigh, Greensboro, Durham , North Carolina, New York, Akron , Ohio, Wichita , Kansas, York
IOWN Global Forum is a global group aiming to develop technical standards for all-photonics networks. "Mobile traffic is growing more and more every day," Katsuhiko Kawazoe, chair of the IOWN Global Forum, told CNBC via email. "Data centers are becoming bigger and bigger, and hyperscale data centers are a struggle for societies' carbon reductions," Kawashima said. "To deploy antennas, we need optical fiber to connect antennas to radio data centers," Kawashima explained. For now, the IOWN Global Forum is working toward achieving its main goals by 2030.
Persons: , Kawazoe, Gonzalo Camarillo, OpenAI's, Kawashima, Banks, NTT's Kawashima Organizations: Getty, Microsoft, Google, Intel, Sony, IOWN, photonics, NTT, Ericsson, Nokia, SK Hynix, CNBC, IOWN Global, NTT Corporation, Mitsubishi, Netflix, Amazon, 5G
Container ships are berthed at PSA's Pasir Panjang Terminal in Singapore July 15, 2019. Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia, maritime data firm Linerlytica said this month. SEVERE CONGESTIONSingapore, the world's second-largest container port, has seen particularly severe congestion in recent weeks. "The peak season, which traditionally starts in June, was advanced by a full month, causing ocean freight rates to soar." Container freight prices from Asia to the U.S. and Europe have tripled since early 2024.
Persons: Edgar Su, Linerlytica, Yemen's, Jayendu Krishna, Drewry, PortCast, Niki Frank, Dimerco, Jonathan Gold, Judah Levine, Jared Bernstein, Gene Seroka, Peter Sand, Jeslyn Lerh, Lisa Baertlein, Lisa Barrington, Miyoung Kim, Kim Coghill Organizations: REUTERS, Retailers, Ships, Drewry Maritime Advisors, Singapore, Singapore's, Port Authority, Drewry, Keppel, Tuas, Maersk, DHL Global, Asia, Descartes, National Retail Federation, Container, U.S ., of Economic Advisers, U.S, DHL, Thomson Locations: Pasir Panjang, Singapore, SEOUL, SINGAPORE, Asia, Africa, Malaysia's Port Klang, Tanjung Pelepas, Shanghai, Qingdao, China, South Korea, U.S, Europe, U.S . East Coast, U.S . West, of Los Angeles, Los Angeles, Seoul
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