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☆ China's Premier Li Qiang to speak at import expo in Shanghai
▼ + stars: | 2024-11-03 | by ( ) www.cnbc.com time to read: +1 min

Li Qiang, China's premier, delivers a special address on the opening day of the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. China's Premier Li Qiang will deliver remarks at the opening ceremony of this week's China International Import Expo, the Chinese commerce ministry said on Sunday, as Beijing seeks to show the faltering economy is open for business. Leaders from Malaysia, Uzbekistan, Slovakia, Kazakhstan, Mongolia and Serbia are among those expected for the opening ceremony and other events at the seventh import expo, which runs from Tuesday to Saturday in Shanghai, the foreign ministry said. Launched by President Xi Jinping in 2018, the expo this year is an opportunity to showcase China's opening up and reform agenda, as the world's second-largest economy faces growing global trade barriers and domestic challenges. The European Union plans to send representatives to the country soon for more negotiations regarding price commitments in their ongoing EV tariff dispute.

Persons: Li Qiang, Xi Jinping Organizations: Economic, China, European Union Locations: Davos, Switzerland, China, Beijing, Malaysia, Uzbekistan, Slovakia, Kazakhstan, Mongolia, Serbia, Shanghai, United States, Europe

☆ 11 surprising things from this earnings season, including my favorite stock so far
▼ + stars: | 2024-11-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +17 min

Horton makes the most sense as a Kamala Harris stock because of a promised $25,000 toward a first home. I don't know if either candidate can pull off huge tariffs (Trump) or a credit (Harris). Here are eleven surprising things about this earnings season that you can store up and pull out when the election is confirmed. The deficit will begin to hurt the stock market hard next year even if the economy continues to cool. Away from the hyperscalers, I like Marvell , where CEO Matt Murphy bought $1 million worth of stock in the open market.

Persons: beckons, Joe Biden, Biden, Donald Trump, D.R, Horton, Kamala Harris, Harris, let's, Let's, Trump, haven't, Myers, Abbvie, Eli Lilly, Anat Askenazi's, Abbott, neonatologists, Reckitt, Jim Hurst, Danaher, Jason Hollar, It's, Amgen, That's, Estee Lauder, Parker, Pat Gelsinger's, He's, Matt Murphy, Jim Cramer's, Jim Cramer, Jim, David Paul Morris Organizations: U.S, NBC News, White, Ford Motor, Trump, Costco, Volkswagen, Bankers, Banco Santander, Apple, Amazon, GE Vernova, U.S ., Treasury, Merck, NEC, FDA, CDC, NIH, GE Healthcare, Cardinal Health, NPC, Nvidia, Caterpillar, Linde, Devices, heaven's, Intel, Marvell, Micron, Arista, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Europe, Germany, China, Portugal, Ireland, Italy, Greece, Spain, It's, Santander, —, Bristol, U.S, Taiwan, Eaton, Dover, Norwegian, Caribbean, San Francisco

American policy is at a crossroads, but that won’t necessarily translate to a turning point in peace negotiations, analysts say. That’s because nothing suggests Russia is ready to come to the table, regardless of who ends up in the White House. The scope of the war is also too large for a simple negotiation between Moscow and Kyiv, experts say. Attritional war playing into Putin’s handsUkraine is already outmanned, and Putin appears ready to accept a high number of casualties. European nations are scrambling to increase ammunition production for Ukraine to prevent backsliding, in the event that US support drops off.

Persons: Volodymyr Zelensky’s, ”, Kamala Harris, Biden, Donald Trump, JD Vance, Trump, Thomas Graham, Putin, ” Graham, … Putin, John Lough, what’s, ” Lough, Oleh Shiryaev, Ivan Antypenko, that’s, “, Vitaliy Milovidov, don’t, Volodymyr Zelensky, Micah Garen, Harris, Zelensky Organizations: CNN, Council, Foreign Relations, NATO, West, Eurasia Program, Ukrainian Armed Forces, Separate Assault, Reuters, Security Service, Ukraine’s, National Security Council, 15th Brigade National Guard, Russian, Nordic Locations: Russia, Kyiv, United States, Ukraine, Russian, Hungary, Slovakia, Moscow, London, China, Beijing, Kursk, Ukraine’s Zaporizhzhia, Zaporizhzhia, Donetsk, Iceland, ” Chatham, Bucha

☆ Meet the trainees paying $136,000 to become the next generation of airline pilots
▼ + stars: | 2024-11-03 | by ( Pete Syme | ) www.businessinsider.com time to read: +7 min

It has nine intakes of 20 cadets this year for its Airline Transport Pilots Licence (ATPL) course that costs £105,500 ($136,000). It acquired another site in Vero Beach, Florida, where UK cadets spend six months of their course. Related Video Why flying is so terrible even though airlines spend billionsBooth says airlines are "very much knocking on our door" as they look to recruit new pilots. Skyborne cadets and British Airways CEO Sean Doyle at this year's Farnborough Airshow. Courtesy of British AirwaysLife at SkyborneWhen a new course starts at Skyborne, cadets move into the academy's accommodation in nearby Cheltenham.

Persons: —, Carla Booth, Booth, Oliver Wyman, Skyborne, Sean Doyle, Vicky Harriss, Libby Roebuck, Roebuck, There's, she's, I've, Harriss, Diamond, Pete Syme, They've Organizations: Business, Service, Gloucestershire, Airline, Delta Air Lines, British Airways, Speedbird, Academy, BI, TUI Airways, International Civil Aviation Organization, Airlines, Cadets, Piper, Boeing, Max, Airbus Locations: Florida, India, England, Vero Beach , Florida, America, Farnborough, Skyborne, Cheltenham, TUI

☆ A US invasion of Taiwan in WWII would have been a disaster. A Chinese operation faces similar dangers.
▼ + stars: | 2024-11-03 | by ( ) www.businessinsider.com time to read: +7 min

AdvertisementThe US once planned an invasion and seizure of Taiwan that would have been as big as D-Day. The CMSI study makes clear that a US invasion of Taiwan in 1945 — or a Chinese invasion today — would be difficult and risky. The objective would be to occupy southern Taiwan and the mainland Chinese port of Xiamen across the Taiwan Strait. US troops suffered 50,000 casualties in two months of hard fighting in the Okinawa invasion. "Taiwanese military officers pay close attention to history, and especially the history of island warfare, urban warfare, and amphibious warfare," said Easton.

Persons: —, Ian Easton, Taiwan —, Adm, Ernest King, Douglas MacArthur, MacArthur's, Easton, Michael Peck Organizations: Service, China Maritime Studies Institute, Getty, US Navy, Army, Orange, Marine, US Marine Corps, Japan, Imperial, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Taiwan, Pacific, China, Beijing, Battleship, Tennessee, Okinawa, Japan, Philippines, Normandy, Xiamen, AFP, Forbes

More than 750 job seekers shared their frustrations trying to find work recently. AdvertisementMore than 750 Americans between the ages of 18 and 76 who have recently struggled to find work shared their experiences with Business Insider. Through emails and an online form, readers shared stories of fierce competition for white-collar roles and lower-paying gigs alike. Over three dozen respondents said they pulled from their 401(k) or IRAs to stay afloat. Meanwhile, some executives with 30 years of experience said their credentials may have prevented them from getting interviews for lower-paying white-collar roles.

Persons: —, Zers, millennials, Scott Fite, he'll, Fritz Boyle, he's, hasn't, Boyle, haven't, Aaron Terrazas, they're, Chris Jorgensen, it's, Stephanie Allen, they've, Sean Tetpon, Tetpon, I'm Organizations: Service, Business, SNAP, of Labor Statistics, BLS, Bureau of Labor Statistics, didn't, IBM, University of Idaho Locations: Americas, Pennsylvania, Portland , Oregon, Utah, Maryland

☆ Russia's defense sector is running on overdrive — but firms are warning of bankruptcy
▼ + stars: | 2024-11-02 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +6 min

Defense firms are busy — but high inflation and interest rates past 20% have left them struggling. AdvertisementIn Russia's defense sector, demand is surging — but its companies are struggling all the same. Rising interest rates and export bans were eroding Russian defense companies' profits across the board, they said, making the Russian state the only guarantor of revenues. Sheremeta described the situation as a "death spiral," where war spending begets more inflation, which requires more war spending. "If some defense companies cannot fulfill their obligations, the Kremlin can simply nationalize them," Sheremeta said.

Persons: —, Sergei Chemezov, Roman Sheremeta, Sheremeta, Daniel Treisman, Korhonen, Julian Cooper, Konstantin Sonin, Sonin Organizations: Service, Rostec, Weatherhead School of Management, Case Western Reserve University, Bloomberg, University of California, National Bureau of Economic Research, Central Bank, Bank of Finland Institute, Emerging, Centre for Russian, East European Studies, University of Birmingham, University of Chicago Harris School of Public, Project Syndicate Locations: Russia, Ukraine, Russian, Los Angeles

☆ This radical plane concept with an all-in-one wing could be the future of flight. See the leading designs from startups and Airbus.
▼ + stars: | 2024-11-02 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

"Blended-wing" aircraft could be the future of commercial aviation. Airbus and startups JetZero and Natilus lead the development of these more efficient flying wings. Among the most likely concepts is a "blended-wing" body aircraft, which combines the fuselage and wing into one. A handful of companies have announced plans to build these unique vessels by the 2030s, including startups JetZero and Natilus and long-standing planemaker Airbus. The company has decades of experience designing commercial airplanes — leading the industry with its best-selling Airbus A320 family of similar capacity.

Persons: — Organizations: Airbus, Service, Aircraft, US Air Force, Boeing, Pathfinder

☆ Kemi Badenoch wins Conservative leadership contest, pitching party to the right after blowout UK election loss
▼ + stars: | 2024-11-02 | by ( Rob Picheta | ) edition.cnn.com time to read: +9 min

Badenoch defeated Robert Jenrick in a vote of party members by 53,806 votes to 41,000, after a months-long contest to replace Rishi Sunak as leader. Her task now is to revive a party still coming to terms with its worst ever election result. A contentious campaignTwo Conservatives contested this election, but many in the Labour party feel like they won it. Kemi Badenoch is congratulated by her husband Hamish, Robert Jenrick and wife Michal Berkner after winning the Conservative Party leadership contest on Saturday. On policy, however, Badenoch is sure to drag the opposition party to the right.

Persons: CNN — Britain’s, Kemi Badenoch, Badenoch, Robert Jenrick, Rishi Sunak, She’s, Keir Starmer, ” Badenoch, Liz Truss, Sunak, Jenrick, Hamish, Michal Berkner, Dan Kitwood, Nigel Farage, Brexiteers, “, ” Starmer’s Organizations: CNN, Conservative Party, Labour, Tory, Conservatives, Conservative, Spectator, Reform, Britons, Liberal Democrats, BBC, European Union, European, Human, Starmer Locations: British, ”, Britain, Nigerian, Nigeria, McDonald’s, Badenoch, Europe, Rwanda

☆ How Russian ‘dirty money’ risks rigging this European country’s presidential election
▼ + stars: | 2024-11-02 | by ( Christian Edwards | ) edition.cnn.com time to read: +5 min

If other Kremlin-friendly parties swing their support behind him, the second round will be extremely close. Both the Kremlin and Shor have denied interference, but Moldovan officials have warned the second vote could also be targeted by similar schemes. He has called for a “reset” of relations with Moscow and said he would be willing to meet Russian President Vladimir Putin, while maintaining he is committed to joining the EU. As a result, his platform is a mix of contradictory policies, said Samurokov: “You either support European integration, or you want to promote cooperation with Moscow. Evgenia Novozhenina/ReutersStill, Moldovan officials are braced for a second round of voting marred by pro-Russian meddling.

Persons: Maia Sandu, Sandu, Alexandr Stoianoglo, Sandu –, Moscow –, Stoianoglo, Vladislav Culiomza, Reuters Sandu, Valeriu Pasha, Ilan Shor, Shor, ” Maksim Samorukov, Sandu’s, ”, Vladimir Putin, Evgenia Novozhenina, ” Pasha, Volodymyr Zelensky, “ Organizations: CNN, European Union, EU, Russian Party of Socialists, World Bank, Moscow, Reuters, Reuters Analysts, Carnegie Russia Eurasia Center, Communist Locations: Soviet, Europe, Moldova, European, Ukraine, Harvard, Chisinau, Russian, Russia, Moscow, Transnistria, Georgian, ”, Georgia

A flurry of remarkably good economic news over the past week could create a daunting mandate for whoever is elected the next U.S. president: Don't mess it up. The whole damn world," President Joe Biden said Tuesday during an event announcing new infrastructure grants at the Port of Baltimore. Vice President Kamala Harris and former President Donald Trump are both pitching themselves as the best steward of the future health of the U.S. economy. Trump has pledged universal tariffs on all imports from all countries, a sweeping immigrant deportation program, deepening corporate tax cuts and more. Economists and even some of Trump's own allies note that his proposed universal tariffs, mass deportations and tax cuts could, at least temporarily, send major shockwaves through the economy, triggering potential market crashes.

Persons: Donald Trump, Kamala Harris, Joe Biden, Harris, Trump, Trump's, Justin Wolfers, Barack Obama, Biden, Wolfers, you've Organizations: Macomb Community College, Democratic, U.S, Port, Trump, University of Michigan, Republican Locations: Warren , Michigan, U.S, Atlanta , Georgia, Port of Baltimore, America

☆ Flood survivors say regional Spanish officials waited too long to warn them of the danger
▼ + stars: | 2024-11-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +1 min

The streets were full of people walking to procure basic supplies with their cars ruined and the streets undrivable because of the mud and debris. Spain’s Interior Ministry said in a statement that regional administrations are responsible for sending alerts to warn the population of possible flooding and other natural disasters. Mazón is also under fire for his announcement at 1:00 p.m. on Tuesday that the storm front would “lose strength” by 6:00 p.m. The size and violence of the extreme weather event was shocking and extremely difficult for any administration to prepare for and predict. But Valencia, on Spain’s Mediterranean coast, has a history of autumn storms that produce floods, albeit at a smaller magnitude than this monster of a storm.

Persons: —, Carlos Mazón Organizations: Union, Popular Party Locations: Spain, Valencian, Valencia

Charlotte Kates, a New Jersey native and Rutgers Law School graduate who co-founded the pro-Hamas organization Samidoun, has become the focus of an ongoing legal debate: When does free speech cross the line into breaking federal anti-terrorism laws? Germany banned the organization last November, and Israel designated it a terrorist organization in 2021. Kates’ open support of terrorist organizations puts her in the middle of a growing legal dispute: When does free speech cross the line into breaking federal anti-terrorism laws? “As far as I’m concerned, this is legitimate political advocacy, unpleasant as it may be.”What is ‘knowingly’ coordinating with a terrorist organization? “You don’t have a right to pick and choose which law to follow.”Not all federal law enforcement experts agree with Burns’ approach.

Persons: Charlotte Kates, Kates, “, ” Kates, Samidoun, Tom Petrowski, ” Petrowski, Dr Basem Naim, Odysee Petrowski, David Goldberger, Goldberger, ”, —, Basem Naim, Naim, Israel “, Andrew Lichtenstein, they’re, John Roberts, Stephen Breyer, Sonia Sotomayor, Ruth Bader Ginsburg, “ We’re, “ It’s, Frank Figliuzzi, ” Figliuzzi, Daniel Richman, webinars, ” Richman, “ Definitionally, Khaled Barakat, Barakat, ” Samidoun, Lara Burns, Burns, George, ” Burns, Barbara McQuade, ” McQuade, McQuade, webinar Organizations: Rutgers Law School, NBC News, Treasury, Canadian, Republican, Justice Department, FBI, Civil, Terrorism Task Force, Hamas, Samidoun, Odysee, Palestine Islamic, American Civil Liberties Union, YouTube, ”, Columbia University, Supreme, Kurdistan Workers ’ Party, Liberation Tigers, NBC, Columbia, Treasury Department, Front, Liberation, PFLP, Palestine, Palestinian, Columbia University Apartheid, World Trade, Patriot, Brandenburg, Land Foundation, George Washington University’s Program, Extremism, Islamic State, Eastern, Eastern District of Locations: New Jersey, Vancouver , British Columbia, U.S, South Africa, Germany, Israel, Vietnam, Dallas, Palestine, American, Skokie , Illinois, New York, Chicago, New York City, Kurdistan, Tamil Eelam, webinars, Swiss, Instagram, Brandenburg v . Ohio, Texas, Eastern District, Eastern District of Michigan

☆ Israel plans to use lasers to shoot down incoming missiles
▼ + stars: | 2024-11-01 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +7 min

Dubbed the Iron Beam, the shield aims to use high-power lasers to counter an array of projectiles, including missiles, drones, rockets and mortars, Israel’s defense ministry said this week. “The initial capability of the ground-based laser system… is expected to enter operational service within one year,” he said. Israel first unveiled a prototype of the Iron Beam in 2021 and has since been working to get it up and running. From Social MediaIt is unclear if Iran has developed a laser defense system of its own. Experts say the Iron Beam could also act as a deterrent to further attacks by Iran or its proxies.

Persons: ” Eyal Zamir, ”, Israel, Benjamin Netanyahu’s beachside, Yehoshua Kalisky, Rafael, Naftali Bennett, ” Sascha Bruchmann, Kalisky, Benjamin Netanyahu's, Hunter, Bruchmann, Israel “, ” Bruchmann Organizations: CNN, Rafael, Defense Systems, Elbit Systems, Israel’s, Institute for National Security Studies, Israel Defense Forces, Rafael Advanced Defense Systems, ”, Institute for Strategic Studies, US Navy, Pentagon, New York Times, Hamas, Times . CNN Locations: Iran, Israel, Gaza, Lebanon, Yemen, Syria, Iraq, Caesarea, Lebanese, Tel Aviv, London, United Kingdom, China, Russia

☆ What’s at stake on Tuesday? The planet.
▼ + stars: | 2024-11-01 | by ( Bill Weir | ) edition.cnn.com time to read: +8 min

Julian Quinones/CNNFormer Trump administration officials have outlined the speed at which they intend to dismantle the progress the Biden administration made on climate change. Trump has publicly distanced himself from the ideological blueprint, but CNN found at least 140 authors worked in the Trump administration. But given the momentum of the clean energy train, some experts and analysists doubt that Trump would be able to derail it entirely. While the green trend in economics now has Republican states like Texas leading the nation in clean energy installations, Germany, Japan and China got there first. Trump’s plan is to undo that progress, throw billions of dollars of clean energy investment out the window and give other countries the economic opportunity, instead.

Persons: CNN —, ” Mark Twain, Twain, Tom Sawyer ”, Helene, Lincoln, Reagan, it's, Julian Quinones, Kamala Harris, Harris, ”, Donald Trump, Biden, Trump, ” Mandy Gunasekara, CNN’s Ella Nilsen, David Bernhardt, Nilsen, Gunasekara, Bernhardt, Al Gore, Gore, Bill Weir, CNN Bill Gates, ” Gates, Mark Twain, “ Organizations: CNN, CNN Former Trump, Environmental, Agency, Trump, Energy Ventures, Microsoft Locations: Minnesota, American, Paris, Phoenix, CNN's, Greenland, Texas, Germany, Japan, China, America

☆ A new way for Russia to cement its hold on Ukraine: dirt-cheap mortgages
▼ + stars: | 2024-11-01 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

A major Russian bank launched a 2% mortgage rate that is available only in occupied Ukraine. The incentive is in keeping with other Russian attempts to cement its hold on occupied Ukraine. AdvertisementRussia is debuting a rock-bottom mortgage rate with a catch: it's only available if you live in a warzone. "The aim is to consolidate Russia's long-term presence — through 30-year loans, which is highly unusual in Russia — in the occupied Ukrainian regions," she told Business Insider. Ukraine says Russia has offered financial incentives, up to 5 million rubles or $51,000, to Russians who move there.

Persons: —, VTB, Agathe Demarais, topsy Organizations: Service, Russia's VTB Bank, NATO, geoeconomics, European Council, Foreign Relations, Reuters Locations: Russian, Ukraine, Russia, Luhansk, Donetsk, Ukrainian

☆ Higher taxes will make it harder for Britain to build 'the next Nvidia,' tech execs say
▼ + stars: | 2024-11-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

The lower capital gains tax rate was increased to 18% from 10%, while the higher rate climbed to 24% from 20%. Reeves said the increases will help bring in £2.5 billion ($3.2 billion) of additional capital to the public purses. Still, Reeves said the U.K. would still have the lowest capital gains tax rate of any European G7 economy. watch nowReeves announced that the rate of tax on carried interest, which is charged on capital gains, would rise to 32%, up from 28% currently. She nevertheless urged the government to look seriously at mandating that pension funds diversify their allocation to riskier assets like venture capital — a common ask from VCs to boost the U.K. tech sector.

Persons: Rachel Reeves, Reeves, BADR, Paul Taylor, Taylor, Haakon Overli, Dawn Capital, Overli, Anne Glover, Glover, Clarity, Steve Hare, Sage, Sean Reddington, Reddington Organizations: Labour Party Conference, ACC Liverpool Convention Center, Anadolu, Getty, LONDON, Labour, CGT, National Insurance, Unicorn Council, Nvidia, Dawn, NVIDIA, Amadeus Capital, Wealth, Norway's, Fund Global, Saudi Arabia's Public Investment Fund Locations: Liverpool, British, Britain, VCs

☆ European markets expected to start November in mixed territory as traders await U.S. jobs data
▼ + stars: | 2024-11-01 | by ( Sam Meredith | ) www.cnbc.com time to read: 1 min

Commuters cross Millennium Bridge in view of skyscrapers on the skyline of the City of London, UK, on Tuesday, Oct. 29, 2024. European markets are expected to open mixed on Friday, reflecting a tentative start to November as traders react to a flurry of earnings and look ahead to the all-important U.S. jobs report. The U.K.'s FTSE 100 is poised to open 8 points higher at 8,113, Germany's DAX 6 points higher at 19,060, France's CAC up 8 points at 7,342 and Italy's FTSE MIB down 22 points at 34,008, according to data from IG. The moves come shortly after European stocks closed lower on Thursday, ending October with its steepest loss for year as investors weighed corporate results, inflation data and a landmark U.K. budget.

Persons: Germany's DAX Organizations: of, France's CAC, IG Locations: of London

☆ Manchester United appoint Ruben Amorim as manager after sacking Erik ten Hag
▼ + stars: | 2024-11-01 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

English soccer giants Manchester United on Friday confirmed the appointment of Ruben Amorim as their new manager, shortly after sacking Erik ten Hag. In a statement on the club's website, Manchester United said they were "delighted" to welcome the 39-year-old Portuguese manager as head coach, subject to visa requirements. "Rúben is one of the most exciting and highly rated young coaches in European football," Manchester United said in the statement. By stark contrast, Manchester United have endured a dreadful start to their Premier League campaign. Shares of Manchester United, which is listed on the New York Stock Exchange, were up 1.8% in pre-market trading.

Persons: Ruben Amorim, Alvalade, Erik, Hag, Ruud van Nistelrooy, Amorim, Alex Ferguson Organizations: Sporting, Sporting CP, Nacional, Manchester United, Manchester United's, Primeira Liga, Sporting Lisbon, Premier League, Manchester City, New York Stock Exchange Locations: Estádio, Lisbon, Portugal, English, Manchester, Portugal's

☆ Dollar steady as investors eye U.S. jobs report, election
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: +3 min

The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The U.S. dollar started November off at a lower level after coming under pressure against the yen and euro on Thursday. (Kazuo) Ueda's press conference," Morgan Stanley MUFG economists Takeshi Yamaguchi and Masayuki Inui wrote in a report on Thursday. The Fed's monetary policy decision next week comes just days after the U.S. presidential election on Tuesday.

Persons: Nonfarm, Tapas Strickland, Kazuo, Ueda's, Morgan Stanley, Takeshi Yamaguchi, Masayuki Inui, Sterling, Rachel Reeves, Donald Trump, Kamala Harris, Trump's Organizations: Federal, Bank of Japan, U.S ., Reuters, National Australia Bank, Gov, U.S, Republican, Democratic, Trump, Treasury, Federal Reserve Locations: U.S

White sand, clear turquoise sea and lush trees swaying in the breeze. This might sound like a description of the Maldives — but it's actually what I experienced on a recent trip to Italy. The area was founded by Prince Karim Aga Khan IV in the 1960s and now attracts the jet set. Airfare obviously affects travel costs, but I spent $1,500 for a week on the island, including flights from London. We stopped for a lemon granita at the Shardana restaurant, set among the trees overlooking the white sand Baia Sant'Anna beach.

Persons: Costa Smeralda, Prince Karim Aga Khan IV, Emanuele Perrone, Belmond, Blanc, Rocco Forte, Neilson, Costa, I'd, Baia, Sinead, Lucy Handley's, Keener, Lucy Handley, Pedra Niedda, Paolo, Ristorante La Volpe, Enrico Spanu Organizations: Porto Cervo, Qatar Investment Authority, Getty, Schools, London Stansted Airport, Ristorante Locations: Maldives, Italy, Sardinia, Sicily, Europe, Porto, Sardinia's Costa Smeralda, London, U.K, Greece, Baia dei, Olbia, Isola Tavolara, Tanaunella, Sardinian, Orosei

☆ Airbus' new plane is the answer to an aging, inefficient Boeing jet that airlines are scrambling to replace
▼ + stars: | 2024-11-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Some airlines have bought Airbus' new extra-long-haul A321XLR to replace their aging Boeing 757s. That's about 800 miles further than its predecessor and at least 880 miles further than its closest competitor: the aging, out-of-production Boeing 757. Carriers like United Airlines and Icelandair are lining up for the new jet, putting in more than 550 orders so far. Continental Airlines, now United Airlines, switched its 757-300 order to the newer 737-800 in 2003, for example. Icelandair will also replace its 757 fleet with the A321XLR, abandoning the largely all-Boeing fleet it has operated for decades.

Persons: —, Bjorn Fehrm, Boeing's, Icelandair, it's Organizations: Airbus, Boeing, United Airlines, Delta Air Lines, Service, Carriers, Iberia, Continental Airlines, Leeham, Seattle Times, Max, United, Business Locations: Spanish, France, North Africa

☆ 8,000 of the troops Kim Jong Un sent to support Russia are about to hit the front lines, the US says
▼ + stars: | 2024-11-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

As many as 8,000 North Korean troops are being deployed to Kursk, US officials said on Thursday. "If these North Korean troops engage in combat or combat support operations against Ukraine they would make themselves legitimate military targets." "One of the reasons that Russia is turning to these North Korean troops is that it's desperate," Blinken said. Now he's turning to North Korean troops. AdvertisementSouth Korean President Yoon Suk-yeol's administration has considered sending teams to observe North Korean troops in Ukraine, which it says will not require parliamentary consent.

Persons: they're, Antony Blinken, —, Blinken, Lloyd Austin, Austin, Volodymyr Zelenskyy, Vladimir Putin's, Putin, they've, Yoon Suk Organizations: US, Service, Kyiv, Ukrainian, South, State Department, North Korea, North, Ukraine, Pentagon, Austin, Research, South Korean Legislative, Russia's Ministry of Defense, Business Locations: Kursk, Russia, Ukraine, Washington, Pyongyang, Moscow, North Korea, South Korea, Poland, Seoul

☆ My company partnered with a football club to install a permanent 5G-powered headset system for visually impaired fans
▼ + stars: | 2024-11-01 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +5 min

Shared Access worked with a football club to power headsets for fans with visual impairments. It installed a private 5G network for fast connectivity and nearly instantaneous streaming. This as-told-to essay is based on a conversation with Sam Jackman, the chief development officer of Shared Access, a European company that develops mobile-connectivity solutions. We decided to install a private 5G network with an on-site core in the stadium. Ultimately, having the foundation of this private network allows so much room for creativity in terms of what you can layer on top of it.

Persons: —, Sam Jackman, GiveVision, It's, we've, I'd Organizations: Service, Crystal Palace Football Club, Selhurst, Vodafone, Crystal, Crystal Palace FC, Broadcasters Locations: European, London

☆ Amazon CEO Andy Jassy says he has a secret weapon in the AI wars
▼ + stars: | 2024-11-01 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Amazon CEO Andy Jassy said AWS gives the company a leg up in the AI race. Jassy said AWS has shown that Amazon can handle the logistics for scaling AI. AdvertisementAmazon CEO Andy Jassy on Thursday explained why he thinks the company is well-positioned to excel in AI: Amazon Web Services. Jassy talked up the cloud-computing unit on Amazon's third-quarter earnings call, defending the company's aggressive investments in AI. Amazon beat Wall Street's third-quarter expectations on revenue and earnings per share, with the stock rising 6% in after-hours trading.

Persons: Andy Jassy, Jassy, —, Sundar Pichai Organizations: Service, Web Services, Amazon, Companies, AWS, Big Tech

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