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☆ A new tool shows what the climate crisis could feel like in your city
▼ + stars: | 2024-09-19 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +5 min

Monthlong heat waves. AdvertisementLocal climate hazardsTo make predictions at a city level, Mackres said WRI built on global climate modeling done by hundreds of other researchers. World Resources InstituteIn Bengaluru, India's fifth-most-populous city, extreme heat has caused severe water shortages and surging energy demand. Now it ranks second behind San Francisco after a series of deadly heat waves prompted residents to install AC. If that demand is met with fossil fuels like oil, gas, and coal, it could exacerbate the climate crisis, WRI said.

Persons: WRI, Eric Mackres, Mackres, haven't Organizations: Service, World Resources Institute, Ross Center for Sustainable Cities, Resources, Bengaluru, US, San Locations: Saharan Africa, Latin America, Indonesia, Africa, Asia, Seattle, Rio de Janeiro, Johannesburg, Bengaluru, India, India's, Brazil, US Pacific Northwest, San Francisco, Tehran, Iran, Marrakech, Morocco

☆ Japan's Nikkei leads Asia-Pacific markets higher as investors digest outsized Fed rate cut
▼ + stars: | 2024-09-19 | by ( Anniek Bao | In | ) www.cnbc.com time to read: 1 min

The Hong Kong Monetary Authority is displayed outside Two International Finance Centre in Hong Kong on June 19, 2013. Japan's Nikkei 225 led Asia-Pacific markets higher Thursday, as traders assessed the Federal Reserve's decision to cut interest rates by a half-percentage point. The Fed lowered its benchmark borrowing rate by a half percentage point, bringing its target range to 4.75% to 5%. In lockstep with the Fed, the Hong Kong Monetary Authority cut its interest rate by 50 basis points to 5.25, as the city's currency is pegged to the greenback. Hong Kong markets will return to trade after being closed for a public holiday on Wednesday.

Persons: Hong Organizations: Hong, Hong Kong Monetary Authority, International Finance, Japan's Nikkei, Nikkei, U.S ., Fed Locations: Hong Kong, Asia, Pacific

☆ World War II Historian Rates WWII Movie Battles
▼ + stars: | 2024-09-19 | by ( Ian Phillips | Korey Isbell | ) www.businessinsider.com time to read: +1 min

Historian John McManus rates the accuracy of World War II battles in movies and TV shows. He describes the many challenges of the Battle of Okinawa as portrayed in "Hacksaw Ridge," starring Andrew Garfield, Vince Vaughn, and Sam Worthington. He compares the portrayals of the Battle of Iwo Jima in Clint Eastwood's "Flags of Our Fathers," starring Ryan Phillippe, Adam Beach, and Paul Walker; and "Letters From Iwo Jima," starring Ken Watanabe. He discusses World War II-era munitions in "The Pacific," starring Joseph Mazzello and Rami Malek. He breaks down the tank battles in "Battle of the Bulge," starring Henry Fonda and Charles Bronson.

Persons: John McManus, Austin Butler, Barry Keoghan, Andrew Garfield, Vince Vaughn, Sam Worthington, Clint Eastwood's, Ryan Phillippe, Adam Beach, Paul Walker, Ken Watanabe, Joseph Mazzello, Rami Malek, Michael Bay's, Ben Affleck, Josh Hartnett, Alec Baldwin, Nicolas Cage, Mark Ruffalo, Henry Fonda, Charles Bronson, Sean Penn, Jared Leto Organizations: Business Locations: Okinawa, Iwo Jima

☆ The US Navy is planning for possible war by 2027, when China expects it will be ready to invade Taiwan, US admiral says
▼ + stars: | 2024-09-19 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Related storiesFranchetti referenced that assessment again in her speech, saying that it's "what Chairman Xi told his forces, that they should be ready for war by 2027." Fears of a US-China war have further been stoked by Beijing turning more hostile in its territorial disputes with Japan and US allies in the South China Sea. "By 2027, the Navy will be more ready for sustained combat," she said. The admiral aims to have 80% of US naval forces ready to deploy and fight anytime. "We have learned a great deal about the future of war at sea," Franchetti said.

Persons: —, Lisa Franchetti, Franchetti, Xi Jinping, Xi, Joe Biden, It's, Yemen's Houthi, we've Organizations: Service, US Navy, Business, Naval War College, Democratic Progressive Party, Navy, Star, Pacific Fleet, Russia, Associated Press, 6th, Joint Chiefs, Staff Locations: China, Beijing, Taiwan, Rhode Island, People's Republic of China, Japan, South China, Russia, Iran, Republic of China, Washington, Ukraine

☆ Gold holds ground after Fed's oversized rate cut
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: +2 min

Gold bars and gold coins of different sizes lie in a safe on a table at the precious metal dealer Pro Aurum. Gold prices held steady on Thursday after hitting a record high in the previous session, after the U.S. Federal Reserve delivered a super-sized interest rate cut. Spot gold was little changed at $2,562.85 per ounce, as of 0319 GMT after scaling a record high of $2,599.92 on Wednesday. Powell, however, said the economy remained strong, with many job market indicators like unemployment claims and even the current 4.2% unemployment rate not at worrying levels. Zero-yield bullion tends to be a preferred investment in a lower interest rate environment and during geopolitical turmoil.

Persons: Jerome Powell, Powell, Kelvin Wong, OANDA's Organizations: Aurum, U.S . Federal Reserve, Fed, Asia, Traders Locations: ., Lebanon

In a little over a month, they will learn whether they have won of one of the most coveted competitions for emerging designers: The Council of Fashion Designers of America/Vogue Fashion Fund. It provides 10 finalists with access to industry leaders, with mentorship on everything from growing their brands to showing at New York Fashion Week. “The fashion fund is also beyond the tangible mentorship or grant, it’s a visibility play,” the CEO said. “The first fashion fund was the reason we started doing runway shows,” he said. Rogers and past finalist House of Aama will be taking their designs to the CFDA/Vogue Americans in Paris Initiative during Paris Fashion Week.

Persons: —, Proenza Schouler, Thom Browne, Browne, Anna Wintour, Roopal Patel, Steven Kolb, There's, Grace Ling, Ling, ”, Kolb, Sebastien, Marianne Amisial, Sebastien Ami, “, “ It’s, Christopher John Rogers, Michelle Obama, Tracee Ellis Ross, Rogers, Shawn Grain Carter, Michael Kors, ” Jackson Wiederhoeft, prepping, Wiederhoeft, Tommy Hilfiger, Rebecca Henry of House, Aama, she's, what's Organizations: New York, Fashion Designers of America, Vogue, Fund, Saks, American, Pacific Islander, Associated Press, Fashion Institute of Technology, Paris Initiative, Paris Locations: New, U.S, Singapore, ” Louisiana, Bushwick, Soho, Paris, Manhattan, ”

☆ Hong Kong investigators say Cathay Pacific’s A350 engine defect could cause ‘extensive’ damage
▼ + stars: | 2024-09-19 | by ( Chris Lau | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Hong Kong aviation investigators say an engine problem that caused Cathay Pacific to ground its entire fleet of Airbus A350 jets for inspection earlier this month could have escalated into “extensive damage.”Cathay canceled dozens of flights in early September, citing the need to inspect its A350 planes after the engine issue forced a Zurich-bound flight to return to Hong Kong shortly after takeoff on September 2. The airline had previously identified an engine component failure on the affected aircraft, though it stopped short of revealing what the problem was. The AAIA recommended the European Union Aviation Safety Agency to require Rolls-Royce, the engine maker behind the popular A350 long-haul jets, to “develop continuing airworthiness information” on the problem. Following the incident, Cathay conducted a thorough inspection of its 48-strong A350 fleet and replaced components on 15 of the planes. CNN has reached out to Cathay and Rolls-Royce for comment.

Persons: Royce Organizations: Hong Kong CNN, Hong, Cathay, Airbus, Accident Investigation, European Union Aviation Safety Agency, Royce, Trent, CNN Locations: Hong Kong, Cathay Pacific, Zurich

☆ European markets set to open higher following Fed cut; Bank of England rate decision in focus
▼ + stars: | 2024-09-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Bank of England in the City of London as economists and mortgage holders await this week's interest rate announcement on 28th July 2024 in London, United Kingdom. LONDON — European markets were poised to open higher as investors digested the U.S. Federal Reserve's first interest rate cut in four years and looked ahead to the Bank of England's rate decision later in the session. Back in Europe, investor attention is now turning to the Bank of England, with the central bank largely expected to hold rates steady at 5%. The Fed's jumbo rate cut is unlikely to impact the Bank of England, according to economists, as the central bank ratified its decision around lunchtime Wednesday, hours before the U.S. announcement. Also on Thursday, Norway's central bank will deliver its latest interest rate decision.

Persons: Germany's DAX, Tiina Lee, CNBC's Organizations: of England, City of, LONDON, . Federal, Bank of, FTSE, France's CAC, Fed, Bank of England, Citi UK Locations: City, City of London, London, United Kingdom, ., Trading, Asia, Europe, U.S, Norway's

☆ Boeing says it's going to start furloughing 'a large number' of its white-collar employees amid strike
▼ + stars: | 2024-09-19 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

On Wednesday, Boeing announced it will be temporarily furloughing a "large number" of white-collar employees. The news comes after around 30,000 Boeing workers began a strike on Friday after rejecting a new pay contract. "We are initiating temporary furloughs over the coming days that will impact a large number of US-based executives, managers, and employees," Kelly Ortberg, the CEO of Boeing, wrote in an email to employees. In a union vote on September 12, workers voted against an agreement that Boeing and the labor union for machinists and aerospace workers had proposed. Read the full memo Ortberg sent to employees:Team,As you know, the IAM 751 and W24 went on strike last Friday.

Persons: Kelly Ortberg, Ortberg, It's, furloughs, Kelly Organizations: Service, Wednesday, Boeing, Employees, Business Insider, IAM Locations: Boeing's, Pacific Northwest

☆ Nuclear fusion: The US led in this clean energy race for decades. Now China is in position to win
▼ + stars: | 2024-09-19 | by ( Angela Dewan | Ella Nilsen | ) edition.cnn.com time to read: +10 min

It’s also here, on an unassuming downtown street, a small start-up called Energy Singularity is working on something extraordinary: nuclear fusion energy. Nuclear fusion, the process that powers the sun and other stars, is painstakingly finicky to replicate on Earth. The Chinese government is pouring money into the venture, putting an estimated $1 billion to $1.5 billion annually into fusion, according to Jean Paul Allain, who leads the US Energy Department’s Office of Fusion Energy Sciences. The US was among the world’s first to move on the futuristic gambit, working on fusion research in earnest since the early 1950s. CNNThe US has been a fusion leader for decades; it was the first nation to apply fusion energy in the real world — in a hydrogen bomb.

Persons: It’s, Lam Yik Fei, Jean Paul Allain, Biden, “, it’s, ” Allain, Andrew Holland, Holland, ”, ” Holland, Damien Jemison, Lawrence, Melanie Windridge, Mikhail Maslov, Allain Organizations: CNN, 6G, Beijing outspends DC, New York Times, US Energy Department’s, Fusion Energy Sciences, Private, Nikkei . Energy, MIT, Fusion Industry Association, Princeton, Physics, American, America, Commonwealth Fusion Systems, ” CNN, China’s National Energy Administration, Lawrence Livermore National Laboratory, Fusion Energy, EAST, UK Atomic Energy Authority Locations: Shanghai, America, China, Beijing, Washington, DC, Japan, Europe, United States, Hefei, Xinhua, Massachusetts, Hiroshima, California, Lawrence Livermore

☆ North Korea fires short-range ballistic missiles for second time in a week
▼ + stars: | 2024-09-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

North Korea fired multiple short-range ballistic missiles on Wednesday toward its east coast, South Korea and Japan said, days after Pyongyang unveiled a uranium enrichment facility and vowed to beef up its nuclear arsenal. “We strongly condemn North Korea’s missile launch as a clear provocation that seriously threatens the peace and stability of the Korean peninsula,” the JCS said in a statement, vowing overwhelming responses to any further provocations. About 30 minutes after its first missile notice, Japan’s coast guard said North Korea fired another ballistic missile. The North fired several short-range ballistic missiles last Thursday, the first such launch in more than two months, which it later described as a test of a new 600-mm multiple launch rocket system. South Korea’s JCS has said the launch might have been to test the weapons for export to Russia, amid intensifying military cooperation between the two countries.

Persons: “, Minoru Kihara, Choe Son Hui, Sergei Lavrov, Kim Jong Un Organizations: South Korea’s, Chiefs of Staff, North, Japanese, Pacific Command, North Korean Foreign, Wednesday’s Locations: Korea, South Korea, Japan, Pyongyang, Kaechon, South, North Korea, U.S, Seoul, Tokyo, The, Russia, United States, Ukraine, Moscow, Russian

☆ A Texas baby boomer who retired at 60 and moved to Mexico says housing, food, and a good life are cheaper, but gas is more expensive
▼ + stars: | 2024-09-18 | by ( John Towfighi | ) www.businessinsider.com time to read: +7 min

After taking two trips to Puerto Vallarta, Bartmess was convinced it was the perfect place to retire. His first trip to Puerto Vallarta was in 1976, and he said he had fond memories there. He said a fill-up of his Jeep Wrangler costs about $60 in Puerto Vallarta. In retirement, Bartmess has spent more time working on his creative writing, and he takes part in a Puerto Vallarta writers group. Bartmess has lived in Puerto Vallarta for 14 years and said he has no plans to leave.

Persons: —, Geary Bartmess, Bartmess, he's, Geary Bartmess Bartmess, Geary, He'd Organizations: Service, Social Security Administration, Business, Medicare, Puerto Vallarta Locations: Puerto Vallarta, Houston, Mexico, Canada, Japan, Texas, Puerto, American, Camarones

☆ European markets set for lower open as investors weigh UK inflation data
▼ + stars: | 2024-09-18 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Italy's FTSE MIB meanwhile was set to fall by around 39 points to 33,784. LONDON — European markets were headed for a lower open on Wednesday as investors considered key data from the region and looked to the U.S. Federal Reserve interest rate decision. In Europe, U.K. inflation figures for August were published Wednesday, coming in at 2.2% according to data from the Office for National Statistics. The data comes ahead of the Bank of England meeting and interest rate policy decision scheduled for later this week. The Fed is all but guaranteed to announce an interest rate cut on Wednesday, which would be its first since it started hiking rates in March 2022.

Persons: Germany's DAX Organizations: CAC, LONDON, U.S . Federal, Office, National Statistics, Bank of England, Bank of Japan, U.S . Federal Reserve, Traders Locations: Europe, Asia, Pacific

☆ Lenovo executive: India is a hub for our global business
▼ + stars: | 2024-09-18 | 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 EmailLenovo executive: India is a hub for our global businessAmar Babu, President, Asia Pacific at Lenovo talks about its business in India and the company's AI strategy.

Persons: Amar Babu Organizations: Lenovo, India, Asia Pacific Locations: Asia, India

☆ Asia-Pacific markets open mixed as investors await Federal Reserve's rate decision
▼ + stars: | 2024-09-18 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets opened mixed on Wednesday, following gains on Wall Street that saw both the S&P 500 and the Dow Jones Industrial Average reach new highs. Investors await the Federal Reserve's rate decision due Wednesday stateside, and will also assess economic data from Japan as well the Indonesian central bank's rate decision. Japan's private sector machinery orders in July declined 0.1% from the previous month, according to data from the Cabinet Office, missing Reuters estimates of a 0.5% increase. Bank Indonesia is set to meet Wednesday for a key BI-rate decision. The policy rate stands at its highest level since 2016, even as inflation has cooled to well within the central bank's 1.5%-3.5% target.

Organizations: Dow Jones, Japan's Ministry of Finance, Bank Indonesia Locations: Asia, Pacific, Japan, Indonesian

☆ A Navy SEAL unit that killed Osama bin Laden may be training Taiwanese forces to defeat a possible Chinese invasion, experts say
▼ + stars: | 2024-09-18 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +9 min

Read previewAn elite Navy SEAL unit may be preparing Taiwanese forces for reconnaissance operations and missions to repel a Chinese invasion, retired Navy officers said after a report said the unit had been training for such an eventuality for over a year. AdvertisementAccording to three retired Navy officers, the unit may be training Taiwanese soldiers to fight back against China should it invade Taiwan. One, he told BI, "is training Taiwanese forces in reconnaissance and perhaps direct attack, focusing on missions that might be required to defeat a Chinese invasion." "Naval reconnaissance forces would locate Chinese forces for long-range attacks," he said, adding: "They might also launch attacks against offshore ships or shipping in Chinese ports." Reports have already given clues as to how the US is preparing for a possible Chinese invasion of Taiwan.

Persons: —, Osama bin Laden, Mark Cancian, Bradley Martin, Sam Tangredi, Graeme Thompson, Joe Biden, Samuel Paparo, Martin, Cancian, Daniel Ceng, Phil Davidson, Davidson, Feng Hao, Paparo, Frank Kendall, Kendall Organizations: Service, Navy SEAL, Financial Times, Business, Navy, Marine, Center for Strategic, International Studies, US Navy, Getty, Eurasia Group, Wall Street Journal, Reuters, International Institute for Strategic Studies, Pacific Command, Washington Post, Congressional Research Service, Senate Armed Services Committee, Theater Command, PLA, China Military, Anadolu, American Enterprise Institute, Institute for, Japan's Nikkei, RAND Corp, US Air Force, Air & Space Forces Association Locations: Virginia, Taiwan, Afghanistan, Yemen, Syria, Somalia, Pakistan, China, People's Republic of China, Pingtung County, AFP, Washington ,, Australia, United States, Taichung, Anadolu, Pacific

☆ China and Russia are ramping up joint military drills. What’s their end goal?
▼ + stars: | 2024-09-17 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +11 min

China sent several warships and 15 aircraft to waters off Russia’s Far East coast for Ocean-2024, according to the Russian military. The latest Russia-China military drills fit a pattern of more than a decade of enhanced military coordination between the two countries, experts say. The joint drills also raise questions about whether the two nuclear-armed powers, which are not treaty allies, could act together in any potential future conflict. Russian military sailors attend the opening ceremony for a joint naval exercise in the South China Sea in July. But observers say that despite the growing coordination within joint drills, it’s unlikely there is a clear end goal past sending a strong signal – at least for now.

Persons: Vladimir Putin, Putin, Xi Jinping, Sergei Bobylev, Xi, ’, “ They’re, ”, Alexander Korolev, Washington’s, Carl Schuster, Korolev, it’s “, Elizabeth Wishnick, “, Russia –, James Char, Schuster Organizations: Hong Kong CNN, Kremlin, Canadian, Putin, NATO, Sputnik, Reuters, Soviet, Center for Strategic, International Studies, CNN, Russian, CSIS, University of New, US Navy, Pacific Command’s Joint Intelligence Center, Russian Defense Ministry, Beijing, South China, Pacific Security Affairs Division, CNA, India, Nanyang Technological University’s Institute of Defense, Strategic Studies, China, Navy Locations: China, Hong Kong, United States, Moscow, Russia, Ukraine, East, Ocean, Russian, Japan, Alaska –, South China, Beijing, Washington, Taiwan, Soviet Union, Communist China, Alaska, Pacific, University of New South Wales, Sydney, Asia, Germany, Philippines, South, Iran, lockstep, Nanyang, Singapore

☆ US spy plane flies through the Taiwan Strait days after German warships angered China by sailing through
▼ + stars: | 2024-09-17 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Read previewA US spy plane flew above the Taiwan Strait in international airspace, prompting a response from China. China's military reported that the American P-8A Poseidon maritime patrol aircraft's activity over the Taiwan Strait on Tuesday. Advertisement"The aircraft's transit of the Taiwan Strait demonstrates the United States' commitment to a free and open Indo-Pacific. China previously documented P-8A activity in the Taiwan Strait in April of this year, as well as December and October of last year. TED ALJIBE/AFP via Getty ImagesThe event comes on the heels of German Navy vessels transiting the Taiwan Strait last week for the first time in over 20 years.

Persons: — Organizations: Service, Command, Business, US, 7th Fleet, United, Eastern Theater Command, Navy, TED, Getty, Foreign Ministry, US Navy, Royal Australian Air Force Locations: Taiwan Strait, China, Taiwan, United States, Philippines, AFP, Hawaii

☆ Big names like David Tepper and 'Big Short' investor Michael Burry are quietly upping their bets on the Chinese economy
▼ + stars: | 2024-09-17 | by ( Zahra Tayeb | ) www.cnbc.com time to read: +5 min

From property woes to sluggish economic data, China appears to be suffering from long Covid. Wall Street turns bullishBillionaire investors, including Appaloosa Management founder David Tepper and "Big Short" investor Michael Burry, recently revealed they are sticking to their China bets. The famed investor loaded up on Alibaba stock in the second quarter, revealing an $11.2 million position in the company. That makes Alibaba Burry's largest holding, with other Chinese tech stocks including Baidu and JD.com also featuring on Burry's portfolio. Meanwhile, BCA Research recently upgraded Chinese onshore stocks to overweight, with China strategist Jing Sima expecting Chinese onshore stocks to passively outperform global equities.

Persons: Jiang Sheng, It's, Ted Alexander, CNBC's, David Tepper, Michael Burry, Alibaba, Tepper, Burry, JD.com, Jing Sima, George Boubouras, Goldman Sachs, Song Zhiyong, Eric Lin Organizations: Visual China, Getty, Appaloosa Management, KE Holdings, Baidu, BCA Research, K2 Asset Management, CNBC, Bank of America, National Bureau of Statistics, China's Ministry of Transport, Civil Aviation Administration, Asia Pacific Summit for Aviation Safety, Paris Olympic Games, Greater, Greater China Research, UBS Locations: China, Beijing, Wall, Japan, South Korea, Singapore, Europe, Greater China

☆ CNBC Daily Open: Rate cuts might not benefit tech the most
▼ + stars: | 2024-09-17 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Record close for DowThe S&P 500 and Dow Jones Industrial Average rose on Monday, with the Dow notching a record close. Next move for the BOJThe Bank of Japan won't be raising interest rates at its September meeting, according to a CNBC survey of 32 analysts. [PRO] "Golden age of fixed income"The U.S. Federal Reserve is poised to cut interest rates this week.

Persons: Shaktikanta Das, Biden, Rick Rieder Organizations: Trade Center, CNBC, Dow, Dow Jones, Nasdaq, Nikkei, U.S ., Midea Group, Hong Kong, Bank of Japan, Bank of India, Intel, U.S . Federal Locations: Manhattan, Jersey City , New Jersey, Asia, Pacific, Hong

☆ EY's Choi: China consumer sector a favorite for PE and VC firms
▼ + stars: | 2024-09-17 | 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 EmailEY's Choi: China consumer sector a favorite for PE and VC firmsRingo Choi, Asia Pacific IPO lasiaeader at EY, discusses Midea's secondary listing in Hong Kong and the opportunities in China's consumer sector.

Persons: EY's Choi, Ringo Choi Locations: China, Asia Pacific, EY, Hong Kong

☆ Asia-Pacific markets trade mixed as investors look ahead to Fed meeting
▼ + stars: | 2024-09-17 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +1 min

Containers are loaded on the premises of the port operator PSA, the Port of Singapore Authority (PSA), at the Port of Singapore on 14 June 2022. Most Asia-Pacific markets were mixed Tuesday, following a mixed trading session on Wall Street as investors prepare for the Federal Reserve to kick off its monetary loosening cycle. The Fed is expected to announce its first interest rate cut since March 2022, but markets are split over the size of the reduction from the two-day policy meeting which begins Tuesday. U.S. retail sales data is also set to take center stage as investors monitor the health of the consumer in the lead up to the Fed's meeting. Chinese appliance maker Midea Group is slated to debut in Hong Kong, with shares priced at 54.80 Hong Kong dollars apiece, in what would be the city's largest listing in more than three years.

Organizations: Singapore Authority, Port, Federal Reserve, Traders, Midea, Hong Locations: Port, Port of Singapore, Asia, Pacific, Hong Kong

☆ US Air Force says war with China in the Pacific is not 'imminent or inevitable' but the threat is growing
▼ + stars: | 2024-09-17 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

The Secretary of the US Air Force said war with China in the Pacific was not "imminent or inevitable." Even so, Frank Kendall said the likelihood of one is growing and will continue to grow. AdvertisementA war between the US and China in the Pacific is not "imminent or inevitable," but the threat of one is growing, according to a top US military official. Frank Kendall, the US Air Force Secretary, made the assessment during a keynote address at an Air & Space Forces Association convention on Monday. "I am not saying war in the Pacific is imminent or inevitable.

Persons: Frank Kendall, China's, —, Kendall Organizations: US Air Force, Service, Air & Space Forces Association, Business Locations: China, Taiwan, Pacific

☆ German warships visit the Philippines amid its South China Sea clashes after angering Beijing by sailing through the Taiwan Strait
▼ + stars: | 2024-09-16 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Tensions are high in the South China Sea, as China continues its aggressive tactics against Philippine vessels. JAM STA ROSA/AFP via Getty ImagesClashes between China and the Philippines in the South China Sea have been escalating for months as China unjustly claims sovereignty over a majority of the South China Sea, defying international law while increasing efforts to assert its authority in the area. While traveling to Manila, the Baden-Württemberg and Frankfurt am Main transited the Taiwan Strait, sparking backlash from China. The German warships transited the Taiwan Strait last week for the first time in 20 years. "International waters are international waters," he said .

Persons: —, Per Andreas Pfaffernoschke, Pfaffernoschke, Mao Ning, German Defense Ministry Boris Pistorius, Mao Organizations: Service, Business, Baden, Philippine, ROSA, Getty, Ministry of Foreign, German Defense Ministry, Command Locations: Philippines, Taiwan Strait, Germany, China, South China, Berlin, Frankfurt, Manila, AFP, Beijing, Baden, Württemberg, Taiwan, Main

☆ Scenic fall drives in the US: 6 byways for your autumn foliage fix
▼ + stars: | 2024-09-15 | by ( Forrest Brown | ) edition.cnn.com time to read: +11 min

Ozark Run Scenic Byway, MissouriMissouri travel experts say Elephant Rocks State Park is a special stop during any scenic drive on the Ozark Run Scenic Byway. Lake Champlain Byway, VermontLoad up the bicycles for your Lake Champlain Byway drive in Vermont. KRose/Courtesy Local Motion/Lake Champlain Byway CouncilLittle Vermont is a big deal in New England and beyond when it comes to scenic fall drives. It “provides beautiful views of America’s sixth-largest lake, Lake Champlain, as well as of Vermont’s Green Mountains and New York’s Adirondack Mountains,” said Dan Albrecht, chair of Lake Champlain Byway Council, in an email. Eastern Sierra Scenic Byway, CaliforniaTourists flocking to view aspens, cottonwoods and maple trees along Bishop Creek Canyon near Bishop, California, which is along the Eastern Sierra Scenic Byway.

Persons: Aaron Fuhrman, It’s, ”, Katie Blake, “ We’ve, it’ll, ” Blake, • Mark, America’s, Dan Albrecht, Albrecht, •, Peter Norbeck, Johnson, Peter, James Schwabel, Katlyn Svendsen, ” Svendsen, …, Crazy, Alex Byers, Eric Knopsnyder, Frank Lloyd Wright’s, Fallingwater, George Rose, Caroline Beteta, ” Beteta, Mount Whitney, Cindy Robinson, Mabry, Ed Mabry, bibliophiles Organizations: CNN, Missouri, Missouri Department of Conservation, Village Mercantile, • Mark Twain National Forest, Champlain Byway, New England, Leahy Center, Isle State, Mount Rushmore, Travel, Lakota, Laurel, GO, Pennsylvania Department of Conservation, Resources, GO Laurel Highlands, UNESCO, Pennsylvania, CNN Travel, Scenic, California Tourists, Eastern, Sierra, Visit, Historic Park, AAA, Music, Mount Mitchell Locations: United States, Ozark, Missouri Missouri, Rocks, •, Caledonia, • Mark Twain, Terre, Knob, Champlain Byway, Vermont, Burlington, Lake Champlain, New York, Champlain, Little, New England, Green, New, Middlebury, Vergennes, England, Isle, Button, South Dakota, Travel South Dakota, • Custer, Sylvan, Laurel, Pennsylvania, Ohiopyle , Pennsylvania, GO Laurel Highlands, Laurel Highlands, Ligonier, California, Bishop, Bishop , California, Visit California, Topaz, Little Lake, Death, you’re, “, North America, • Bodie, Eastern, Pine, North Carolina, Virginia, Mississippi, Asheville

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