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☆ The world’s largest economies convene at the G20 Summit in New Delhi
▼ + stars: | 2023-09-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe world’s largest economies convene at the G20 Summit in New DelhiCNBC's Tanvir Gill and Martin Soong report from the G20 Summit in New Delhi, with U.S. President Joe Biden due to arrive soon.

Persons: Tanvir Gill, Martin Soong, Joe Biden Organizations: U.S Locations: New Delhi

☆ The G20 summit threatens to be overshadowed by India and Modi, who has made a 'spectacle' of the event
▼ + stars: | 2023-09-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe G20 summit threatens to be overshadowed by India and Modi, who has made a 'spectacle' of the eventIndia's Prime Minister Narendra Modi will meet U.S. President Joe Biden for a one-on-one bilateral meeting as world leaders gather in New Delhi for the Group of 20 summit. Critics say Modi is using the summit as a leverage to start campaigning early for elections. Reporting from New Delhi, CNBC's Martin Soong highlights that Modi's face is plastered on thousands of posters promoting the G20.

Persons: Modi, Narendra Modi, Joe Biden, CNBC's Martin Soong Organizations: India's, U.S, Group Locations: India, New Delhi

☆ Wall Street analyst sees 3 companies as the next $3 trillion stocks due to AI. Here's our take
▼ + stars: | 2023-09-07 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Needham's Laura Martin sees Club names Amazon (AMZN), Alphabet (GOOGL) and Microsoft (MSFT) as "front-runners" in the race of tech firms competing in generative AI. While positive on Apple, Martin thinks it will be "dwarfed by generative AI" firms. "High-quality data that is most relevant will allow generative AI to create the best new content and products and or save costs faster through better online customer service," Needham wrote. MSFT YTD mountain Microsoft YTD performance In the coming quarters, Microsoft will increase capital expenditures to invest in Microsoft Cloud growth and demand for AI services. 2 AI stock in the portfolio, followed by Nvidia), and would consider adding to the Club's MSFT position on a pullback as indicated by the Club's 1 rating .

Persons: Laura Martin, Martin, AAPL, Jim Cramer, Jim, Apple, Tim Cook, Needham, Baird, Morgan Stanley, Jim Cramer's, Doce Organizations: Microsoft, Apple, Nasdaq, Big Tech, Nvidia, Broadcom, Oracle, Google, YouTube, Services, Amazon, CNBC, Mobile World Congress Locations: Needham, Barcelona, Spain

The prospect of higher rates put particular pressure on growth stocks with the S&P 500 growth index (.IGX) underperforming the benchmark throughout the session. "Growth stocks have been pricing in the idea that inflation has been well anchored and that the Fed's going to cut. The S&P 500 showed little reaction to the Fed's "Beige Book" snapshot of the U.S. economy a week ahead of the keenly awaited August inflation data and the Fed's rate decision on Sept. 20. The report showed "modest" U.S. economic growth in recent weeks while job growth was "subdued," and inflation slowed in most parts of the country. The S&P 500 posted six new 52-week highs and 25 new lows; the Nasdaq Composite recorded 34 new highs and 174 new lows.

Persons: Lockheed Martin, Carol Schleif, Schleif, Susan Collins, Patrick Kaser, Mike Segar, advancers, Sinéad Carew, Shristi, Vinay Dwivedi, Richard Chang Organizations: Dow, Nasdaq, Institute for Supply Management, Traders, Federal Reserve, Boston, Equity, Brandywine Global, Apple Inc, Wall, New York Stock Exchange, REUTERS, Dow Jones, Energy, Lockheed, NYSE, Thomson Locations: China, Minneapolis, Manhattan, New York City , New York, U.S, New York, Bengaluru

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. "Every Fed governor comes out and says they look for the data and that data point today is definitely something that's a little bit more inflationary." Declining issues outnumbered advancers by a 2.14-to-1 ratio on the NYSE and by a 2.06-to-1 ratio on the Nasdaq. The S&P index recorded three new 52-week highs and 24 new lows, while the Nasdaq recorded 32 new highs and 119 new lows. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, Martin, Joe Saluzzi, Susan Collins, megacaps, Johnson, Lockheed Martin, Shristi Achar, Vinay Dwivedi Organizations: Wall, New York Stock Exchange, REUTERS, Dow, Nasdaq, Apple, Institute for Supply Management, Traders, Themis, Boston, Nvidia, Treasury, Healthcare, Johnson, HSBC, thefly.com, Federal Reserve, Dow Jones, Lockheed, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S, China, Chatham , New Jersey, Bengaluru

Some of them, like “Dune: Part Two," have been postponed until next year due to the ongoing actors and writers strikes. Gillespie’s film features a freewheeling ensemble including Pete Davidson, Anthony Ramos, Seth Rogen, Shailene Woodley, America Ferrera and Nick Offerman. “Fair Play” (in theaters Sept. 29, on Netflix Oct. 13)Hedge funds also play a role in writer-director Chloe Domont’s drama about sexual politics and gender dynamics in the high-charged, male-dominated world of finance. Eight years after the last “Hunger Games” movie (“Mockingjay – Part 2”) a prequel is returning to the science fiction dystopia of Panem. Francis Lawrence’s film, set 64 years before the events of the first “Hunger Games” film, introduces a host of new characters in the lead-up to the 10th Hunger Games.

Persons: ”, Expendables, Gael García Bernal, Roger Ross Williams, Saúl Armendáriz, Williams, Bunny, Craig Gillespie’s, ” Paul Dano, Keith Gill, Pete Davidson, Anthony Ramos, Seth Rogen, Shailene, America Ferrera, Nick Offerman, Chloe Domont’s, Phoebe Dynevor, Alden Ehrenreich, Aristotle, Dante, “ El Conde ”, Flora, Son ”, Henry Sugar ”, “ Carlos ”, “ Dicks, Justine Triet’s, Palme, Sandra Hüller, Martin Scorsese’s, David Grann's, Lily Gladstone, Scorsese, Leonardo DiCaprio, Robert De Niro, Robbie Robertson, Baz Luhrmann’s, Elvis Presley, Sofia Coppola, Priscilla Presley, “ Elvis, ” Jacob Elordi, “ Joan Baez, “ Taylor Swift, Nyad, “ Rustin ”, Colman Domingo, Bayard Rustin, George C, Martin Luther King Jr, Panem, Francis Lawrence’s, Tom Blyth, Rachel Zegler, Peter Dinklage, Viola Davis, ” Ridley Scott, Joaquin Phoenix, Napoleon Bonaparte, Vanessa Kirby, Joséphine Bonaparte, Sly ”, “ Orlando, Maestro ”, “ Leo ” Organizations: GameStop, America, Netflix, Sundance Film, Paramount, Apple, Cannes Film, Hüller, Hunger Locations: Shailene Woodley, Venice, Osage, Washington

☆ Europe’s Boars Still Hold Radioactivity. What Surprised Scientists Is Why.
▼ + stars: | 2023-09-02 | by ( Christopher F. Schuetze | More About Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

The peer-reviewed study, published this past week in the journal Environmental Science & Technology, found in the boars high levels of radiation that the researchers believe come from nuclear weapons tests in the atmosphere carried out long before the Chernobyl meltdown. It also answers a question that has stumped researchers and hunters: Why is the radiation in the wild boar population relatively high, when most other wildlife are uncontaminated, many generations after the accident? (Spoiler: It’s because they eat deer truffles.) The findings were so unexpected that when Georg Steinhauser, the paper’s lead researcher, and a colleague first saw the results, they thought there had been a mistake. “That can’t be right — that’s not possible,” Professor Steinhauser recalled his colleague exclaiming.

Persons: Georg Steinhauser, Steinhauser, Martin Steiner Organizations: Science & Technology, German Federal Office for Radiation Locations: Central Europe, Ukraine, Bavaria, Germany, Belarus, Russia

☆ Wall Street gains, dollar softens as weak data signals Fed pause
▼ + stars: | 2023-08-30 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Weak economic data could be good news for interest rates, as it could give the Federal Reserve a rationale for letting key interest rates stand at next month's monetary policy meeting. GDPFinancial markets have currently priced in a 88.5% likelihood of a September Fed pause, according to CME's FedWatch tool. Emerging market stocks rose 0.11%. The greenback extended its losses, touching a two-week low against a basket of world currencies in the wake of disappointing economic data. Crude prices edged higher as industry data showed tighter-than-expected supply as investors digested Hurricane Idalia's potential effect on demand.

Persons: Jason Reed, Dow, Oliver Pursche, Thomas Martin, Martin, Sterling, Brent, Stephen Culp, Sharon Singleton, Nick Zieminski, Josie Kao Organizations: U.S . Federal, REUTERS, Federal Reserve, Nasdaq, Federal, Wealthspire Advisors, Dow Jones, Japan's Nikkei, Treasury, U.S ., Thomson Locations: Washington, New York, Atlanta, Asia, Pacific, Japan, U.S

☆ 'Pharma Bro' Martin Shkreli claims that he's made more than a dozen accounts on X, but Elon Musk keeps taking them down
▼ + stars: | 2023-08-30 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Martin Shkreli claims that under Elon Musk's leadership more than a dozen of his X accounts have been taken down. In total, he's tried to create up to 20 new accounts since his original was suspended in 2017, he told Fox Business. AdvertisementAdvertisementSo-called "Pharma Bro" Martin Shkreli claims that he's made himself more than a dozen accounts on the social-media platform X since Elon Musk took over, but that the site has subsequently taken them all down. "Elon preaches free speech, but his actions are showing the opposite," Shkreli told Fox Business. Shkreli told Fox Business that it was a "teasing war" and a "silly mistake."

Persons: Martin Shkreli, Elon, he's, Shkreli, Bro, Elon Musk, he'd, Musk, Daraprim, Letitia James, Kanye, Laura Loomer, Lauren Duca, Grimes Organizations: Fox Business, Morning, Elon, Twitter, Federal Trade Commission, New York, Facebook

☆ Luis Rubiales: Regional Spanish FA bosses call on president to resign over kiss
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +4 min

MADRID, Aug 29 (Reuters) - Spanish regional soccer chiefs demanded federation boss Luis Rubiales resign for grabbing and kissing World Cup winner Jenni Hermoso, as the country's caretaker government promised on Tuesday to ensure women play a bigger role in running sports. Many of the federation representatives had initially applauded Rubiales when he announced on Friday he would not quit. "Following recent events and the unacceptable behaviour that has seriously damaged Spanish football's image, the (regional) presidents demand that Luis Rubiales immediately resign," they said in a statement. Gender issues were a prominent political issue in Spain before Rubiales' kiss. Hermoso, her teammates and the Spanish government say the kiss was unwanted and demeaning.

Persons: Luis Rubiales, Jenni Hermoso, Hermoso, Guadalupe Martin, Rubiales, Martin, Miquel Iceta, Isabel Infantes, Iceta, Amparo Macias, Yolanda Diaz, Inti Landauro, Mariano Valladolid, Belén Carreño, David Latona, Emma Pinedo, Charlie Devereux, Andrei Khalip, Ed Osmond, Conor Humphries Organizations: Prosecutors, federation's, Sports, Royal Spanish Football Federation, Soccer Football, Spanish Soccer Federation, Ciudad Del Futbol, Ciudad Del Futbol REUTERS, Socialist, FIFA, Labour, women's, Thomson Locations: MADRID, Spanish, Sydney, Madrid, Ciudad Del Futbol Las, Rozas, Spain, Motril

☆ Spain promises bigger role for women in sport as Rubiales asked to resign
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +4 min

MADRID, Aug 29 (Reuters) - Spanish regional soccer chiefs demanded federation boss Luis Rubiales resign for grabbing and kissing World Cup winner Jenni Hermoso, as the country's caretaker government promised on Tuesday to ensure women play a bigger role in running sports. Prosecutors have opened a preliminary investigation into whether Rubiales might have committed an act of sexual aggression when he grabbed Hermoso and kissed her on the lips after Spain's victory in the women's World Cup in Sydney on Aug. 20. Many of the federation representatives had initially applauded Rubiales when he announced on Friday he would not quit. "Following recent events and the unacceptable behaviour that has seriously damaged Spanish football's image, the (regional) presidents demand that Luis Rubiales immediately resign," they said in a statement. Acting Labour Minister Yolanda Diaz demanded the dismissal of the head coaches of both the men's and women's national teams.

Persons: Luis Rubiales, Jenni Hermoso, Hermoso, Guadalupe Martin, Rubiales, Martin, Miquel Iceta, Pedro Sanchez, Royal Spanish Football Federation Luis Rubiales, Juan Medina, Iceta, Amparo Macias, Yolanda Diaz, Inti Landauro, Mariano Valladolid, Belén Carreño, David Latona, Emma Pinedo, Charlie Devereux, Andrei Khalip, Ed Osmond, Conor Humphries Organizations: Prosecutors, federation's, Sports, Royal Spanish Football Federation, Soccer Football, FIFA, Spain's, Moncloa, Royal Spanish Football Federation Luis Rubiales REUTERS, Socialist, Labour, women's, Thomson Locations: MADRID, Spanish, Sydney, Madrid, New Zealand, Spain, Motril

☆ AI needs 'human control' to avoid being weaponized, says Microsoft's president
▼ + stars: | 2023-08-29 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

"We have to ensure that AI remains subject to human control. Generative AI is a type of artificial intelligence technology that can generate content such as text, images, code and more. AI impact on jobsMeanwhile, the explosive growth of AI has workers worrying that their jobs could be replaced by the technology. A Goldman Sachs report in March said generative AI could impact as many as 300 million jobs around the world. The Microsoft executive pointed out that AI is a tool that supplements human work, and not one that replaces jobs.

Persons: Brad Smith, Smith, it's, we've, CNBC's Martin Soong, We've, Goldman Sachs Organizations: CNBC, Tech, Microsoft Locations: New Delhi

☆ Malaysia's policy on foreign firms: Tesla's exemption isn't new, prime minister says
▼ + stars: | 2023-08-29 | 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 EmailMalaysia's policy on foreign firms: Tesla's exemption isn't new, prime minister saysCNBC's Martin Soong speaks to Malaysian Prime Minister Anwar Ibrahim about the requirement that foreign ventures starting in Malaysia have at least 30% Bumiputera ownership, and why Tesla is exempt from it.

Persons: CNBC's Martin Soong, Anwar Ibrahim, Tesla Organizations: Malaysian Locations: Malaysia

☆ Ukraine can score a striking victory over Russia if it advances 25 miles through its formidable defenses, expert says
▼ + stars: | 2023-08-29 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

A military expert mapped out his suggestion for a Ukrainian counteroffensive strike. Thanks to the capture of Robotyne over the weekend, Tokmak is already within artillery range, Martin wrote. It would remain for Ukrainian forces to be close enough to the M14 to keep that, too, within artillery range, Martin wrote. That requires advancing roughly 25 miles further than Ukrainian forces have reached in several locations. It means slow, grinding progress, which saw Ukrainian forces retake the town of Robotyne, northwest of Melitopol, over the weekend.

Persons: Mike Martin, That's, Martin, Tokmak, David Petraeus Organizations: Service, Russian, Department of, King's College London, Ukrainian, Shadow Locations: Ukrainian, Wall, Silicon, Ukraine, Melitopol, Zaporizhzhia, Crimean, Ukraine's, Tokmak, Crimea, Kerch, Russia, Robotyne

☆ U.S.-India relationship has reached new heights as the two align across policy areas, USTR says
▼ + stars: | 2023-08-28 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Katherine Tai, U.S. Trade Representative on the first day of the three-day B20 Summit in New Delhi, India. U.S. Trade Representative Katherine Tai said the U.S.-India relationship is reaching new heights as the two align "across all the policy areas." "It's certainly true that today, this relationship is experiencing new heights." The U.S. and India are closer now than ever before, but that relationship could be further strengthened. "Many of [these tariffs] have been pending for years and we've agreed to bury the hatchet on those," Tai said.

Persons: Katherine Tai, Tai, CNBC's Martin Soong, Narendra Modi's, Joe Biden, we've Organizations: Katherine Tai , U.S . Trade, U.S . Trade, U.S ., Washington, B20, Indian, U.S Locations: Katherine Tai , U.S, New Delhi, India, U.S

☆ Australia wants normalized trade ties with China — but only after all trade curbs are dropped
▼ + stars: | 2023-08-28 | by ( Clement Tan | ) www.cnbc.com time to read: 1 min

Australia wants trade ties with China to be normalized, but Beijing must first remove the remaining trade curbs, said Australia's assistant minister for trade told CNBC. Canberra is in dialogue with its largest trading partner to drop tariffs on Australian wine imports that were introduced in March 2021. At the peak of diplomatic tensions in 2020 and 2021, Beijing slapped import tariffs on several Australian exports, from wine and red meat to lobsters and timber. "That is a good outcome, but I want to see — and the Australian government wants to see — trade with China return to normal and to be stabilized across the board," Tim Ayres told CNBC's Martin Soong in an interview on the sidelines of the B20 summit in New Delhi over the weekend. "Until we remove all of those impediments, it's not possible to say that the trade is back to normal," Ayres added.

Persons: Tim Ayres, CNBC's Martin Soong, Ayres Organizations: CNBC, Canberra Locations: Australia, China, Beijing, New Delhi

☆ Microsoft's president on fresh bid for Activision Blizzard: 'Up to the regulators' to decide
▼ + stars: | 2023-08-28 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

watch nowMicrosoft says it "really tried" to take the concerns of U.K. regulators to heart, before launching its fresh bid to take over Activision Blizzard — and it's now up to the regulators to decide whether that path is clear. "I think we need to let the regulators speak for themselves," Microsoft's vice-chairman and president Brad Smith told CNBC in an exclusive interview. Last Tuesday, Microsoft submitted a new proposal to U.K. regulators for the takeover of American game publisher Activision Blizzard after its initial proposal was rejected. Microsoft submitted a new proposal to U.K. regulators for the takeover of American game publisher Activision Blizzard after its initial proposal was rejected. Brad Smith Microsoft's vice-chairman and presidentOn regulatory concerns, Smith said: "We haven't tried to dismiss them.

Persons: it's, Brad Smith, we've, Brad Smith Microsoft's, Smith, haven't, We've, CNBC's Martin Soong Organizations: Microsoft, Activision Blizzard, CNBC, Activision, Markets Authority, Nurphoto, Activision PC, Ubisoft, CMA Locations: New Delhi

☆ China's rare earths dominance makes U.S. supply chains vulnerable, trade representative says
▼ + stars: | 2023-08-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

watch nowChina's dominance in rare earths makes U.S. supply chains vulnerable, U.S. Trade Representative Katherine Tai said in an exclusive interview Saturday with CNBC's Martin Soong. "And until we are able to access and create additional supply chains we remain entirely vulnerable to that leverage," the U.S. trade representative said. But lower labor costs overseas, as well as less pressure on environmental standards, helped send the rare earths industry out of the U.S. watch nowIn the case of rare earths, Tai pointed out that China has a monopoly in the global market. While lithium is a key component of electric car batteries, it isn't one of the 17 metals scientifically categorized as rare earths.

Persons: Katherine Tai, CNBC's Martin Soong, Tai, Trump, Biden, Li Qiang, Gina Raimondo Organizations: U.S . Trade, B20, CNBC Locations: U.S, China, New Delhi, India, Beijing

☆ NASA moves forward with plans for supersonic planes that could fly from New York to London in 1.5 hours
▼ + stars: | 2023-08-25 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

NASA asked private companies to figure out how to make commercial supersonic flight "a reality." Mach 2 to 4 planes, flying up to 3,045 mph, could be used on 50 established flight routes, per NASA. This comes as NASA is starting to test its own X-59 supersonic plane to make sonic booms quieter. To make supersonic flight a reality, it needs to become quieterThe news comes as NASA begins testing its own supersonic plane. NASA/Lockheed MartinThis is an important experiment because non-military supersonic flight over land has been banned by federal regulations for over 50 years in the US.

Persons: Northrop Grumman, Mary Jo Long, Davis, Lockheed Martin, John Wolter, We're, Peter Coen Organizations: NASA, Service, Boeing, Northrop, Concorde, Technology, Lockheed, Lockheed Martin Skunk Works, Quesst Locations: Wall, Silicon, London, New York, Palmdale , California

☆ The Iten killings: Deaths of elite athletes casts spotlight on domestic violence
▼ + stars: | 2023-08-25 | by ( Faith Karimi | ) edition.cnn.com time to read: +15 min

Iten, Kenya (CNN) Martin Tirop pumps his fists in the air as Faith Kipyegon wins her third 1,500-meter gold medal at the World Athletics Championships on Tuesday in Budapest. Instead, on October 13, 2021, Martin Tirop made a gruesome discovery inside his sister's three-bedroom bungalow in Kenya's capital of distance running. In October 2021, Martin Tirop found the body of his sister, Agnes Tirop. In fact, their March 2016 marriage had been a secret, with Agnes' family only finding out after her death at 25. "Agnes Tirop.

Persons: Martin Tirop, Kipyegon, Agnes, Agnes Tirop, she'd, Martin, gurney, Jurkenaite, David Blood, Iten, Joan Chelimo, they're, Weeks, Eliud Kipchoge, She'd, Irungu Houghton, Njeri Migwi, Martin Tirop's, Ibrahim Rotich, Rotich, Tirop, Richard Warigi, Ngigi Mbugua, Mutua, CNN's, Houghton, Joan Chelimo's, Agnes Tirop's, Chelimo, Dinah, Vincent Tirop, Dinah Tirop Organizations: CNN, Adidas, Tokyo, Toyota, David Blood Investigators, crowing roosters, Boston Marathon, New, New York City Marathon's, Amnesty International, Kenyan, Criminal Investigations, Bahraini, Investigations, Investigators, Amnesty, Tirop's, Tirop's Angels, UN Locations: Iten, Kenya, Budapest, Kenya's, Switzerland, Germany, Nairobi, It's, Kaptagat, New York, Amnesty International Kenya, Mombasa, Ethiopia, Nandi County

☆ Martin, Perez seal double glory for Spain in 35km race walks
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

"I had this problem with my hamstring after the 20km race and I was still considering whether to start at the 35km but I managed to get through," said Perez, who smashed Garcia Leon's 35 km world record by nearly half a minute in May. "I was fourth in the Olympic Games and it was very tough to get so close to an Olympic medal. It's wonderful now to be a double world champion in Budapest. "I see Maria is first too in the women's race, so today is a great day for Spain." Reporting by Hritika Sharma in Hyderabad; Editing by Devika Syamnath, Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Spain's Maria Perez, Alvaro Martin, Marton Monus, Maria Perez, Martin, Brian Pintado, Perez, Kimberly Garcia Leon, Perez's, Peru's Garcia Leon, Antigoni Drisbioti, Garcia, Aurelien Quinion, Kawano, Massimo Stano, Maria, Hritika Sharma, Devika Syamnath, Peter Rutherford Organizations: Alvaro Martin REUTERS, Rights, Spanish, Olympic Games, Thomson Locations: Budapest, Hungary, Greece, France, Italy, Spain, Hyderabad

☆ People online are mocking a bizarre crossover that's turned arms manufacturer Lockheed Martin into streetwear in South Korea
▼ + stars: | 2023-08-24 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Users on X and TikTok spotted Lockheed Martin brand streetwear being sold online in South Korea. "Why is lockheed martin making streetwear for swagged out Asians," wrote one user on X. The South Korean company told Insider in an email that it acquired the official Lockheed Martin license brand through an agency. The collection was spotted by X user @wiggerwakanda on Friday, which read: "why is lockheed martin making streetwear for swagged out Asians." "Military industrial complex sponsored Korean streetwear is wayyyy too insane to have made it onto my 2023 bingo card," X user @candidspeaks posted on Wednesday.

Persons: Lockheed Martin, lockheed martin, streetwear, Doojin Yanghang, opaleyes369, Daily's Shin Organizations: Lockheed, lockheed, Service, Won, South, CNN, Yale, Billboard, Kodak, Equity Management Locations: South Korea, swagged, Wall, Silicon, American, Korean, Korea

☆ UK retail sales slide by most in over two years: CBI
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

LONDON, Aug 24 (Reuters) - British retail sales fell in August at the fastest rate since March 2021 and most stores are expecting another tough month ahead, an industry survey showed on Thursday. The Confederation of British Industry's monthly balance of retail sales, which compares volumes with a year ago, fell to -44 in August from -25 in July. Expectations for the month ahead improved to -21 from -32, but were still deeply negative. The quarterly business situation balance - a gauge of sentiment among retailers - fell to -14 from +6 in May, the lowest reading this year. The CBI data echoed industry data earlier this week that showed sales growth at British supermarkets slowed in August, reflecting lower inflation as well as a hit to demand from unsettled, unseasonably wet weather.

Persons: Martin Sartorius, NIQ, Andy Bruce, David Milliken Organizations: British, CBI, Thomson

☆ Spain's Martin wins men's 35km race walk at world championships
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

[1/4] Athletics - World Athletics Championship - Men's 35 km Race Walk - Budapest, Hungary - August 24, 2023 Spain's Alvaro Martin celebrates after winning the gold medal in men's 35 km race walk REUTERS/Marton Monus Acquire Licensing RightsBUDAPEST, Aug 24 (Reuters) - Alvaro Martin of Spain secured his second gold medal at the World Athletics Championships after winning the men's 35 kilometres race walk on Thursday, adding to his victory in last week's 20km event. After early leader Aurelien Quinion of France had dropped off the pace and was then disqualified, Martin shared the lead with Ecuador's Brian Pintado and Japan's Masatora Kawano entering the final 4km. Martin made the break with less than 2km remaining and crossed the line in two hours, 24 minutes and 30 seconds, four seconds before Pintado. Kawano posted a season's best of 2:25:12 to finish third, while defending champion Massimo Stano of Italy was seventh with 2:25:59. Reporting by Hritika Sharma in Hyderabad; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Alvaro Martin, Marton Monus, Alvaro Martin of Spain, Aurelien Quinion, Martin, Ecuador's Brian Pintado, Kawano, Massimo Stano, Hritika Sharma, Devika Organizations: Rights, Thomson Locations: Budapest, Hungary, France, Italy, Hyderabad

At the same time, investigators acknowledged that it's possible not all of the remains of victims from the August 8th fire on Maui will ever be found. "The number of family members who are coming in to provide DNA samples is a lot lower than they've seen in other disasters," he said. Martin said he could not explain why people seemed less willing to provide DNA samples - so far 104 had been collected. The wildfires whipped by winds tore through the beachside town of Lahaina in west Maui, killing at least 115 people, according to Maui County officials. Reporting by Jonathan Allen in Lahaina, Hawaii, and Brad Brooks in Longmont, Colorado; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Kevin Lamarque, Andrew Martin, Martin, John Pelletier, Pelletier, Jonathan Allen, Brad Brooks, Michael Perry Organizations: Lahaina Civic Center, REUTERS, Maui Police, Authorities, Thomson Locations: Lahaina, Maui, Hawaii, U.S, LAHAINA, Maui County, beachside, Lahaina , Hawaii, Longmont , Colorado

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