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☆ King Charles visits Australia as the country puts its republic debate on hold
▼ + stars: | 2024-10-18 | by ( Hilary Whiteman | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +8 min

Lesley Kerl met King Charles in Sydney during his last trip to Australia in April 2018. Pool via Nine NewsAfter Australia, King Charles will head to Samoa to join world leaders at the biennial Commonwealth Heads of Government Meeting (CHOGM), his first as head of the organization. “We’d love to wave goodbye to royal reign,” Nathan Hansford, co-chair of the Australian Republic Movement, told Reuters. The Australian Republic Movement launched a "farewell Oz tour" for King Charles ahead of his visit. He seems to have put that on hold to come out to Australia, as part of the Commonwealth,” McArthur said.

Persons: Australia CNN —, Charles, Camilla, Lesley Kerl, Kerl, King, “, ”, King Charles, there’ll, –, ” Nathan Hansford, Bev McArthur, ” McArthur, She’s, McArthur, Anthony Albanese, lauding, Queen Elizabeth II, Duke, Edinburgh, George Gross, Charles III, Thibaud Moritz, They’ll, Albanese –, Georgina Long, Richard Scolyer –, They’re, Scolyer, King George VI, I’ve, Anne Organizations: CNN’s Royal, Australia CNN, Government, Republicans, Australian Republic Movement, Reuters, The Australian Republic Movement, Commonwealth, Aboriginal, Torres Strait, Sports, Fox, King’s College London, Getty, Canberra, Australian, Torres, Opera, New Locations: Brisbane, Australia, Sydney, Commonwealth, Samoa, Windsor, Normandy, “, Germany, France, Kenya, United Kingdom, New Zealand, Charles, Torres Strait, New South Wales

☆ Sinwar’s killing again raises hopes in Washington for an end to Israel’s war
▼ + stars: | 2024-10-18 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

CNN —President Joe Biden envisioned a “day after” for Gaza without Hamas in power following Israel’s killing of Hamas leader Yahya Sinwar. This is only half the story, since at times, US officials have suggested Netanyahu had interests in prolonging the war as well. The White House believes that ending the war in Gaza is a precondition for lessening the chances of a disastrous regional war that it dreads. Is really his object to release … Israeli hostages still held in Gaza? If he keeps his word, some analysts will interpret his restraint, such as it is, as an attempt to avoid alienating the possible next president, Harris.

Persons: Joe Biden, Yahya Sinwar, Kamala Harris, Sinwar, Hassan Nasrallah, —, Biden, Benjamin Netanyahu, Biden administration’s, Netanyahu, ’, Israel, ”, Firas Maksad, Jessica Dean, CNN Max, CNN’s Kayla Tausche, Sean Gallup, he’s, Harris, Donald Trump, ” Harris ’, Trump, Bill Organizations: CNN, “, UN, Middle East Institute, Brandenburg, Airport, Getty, White, Democratic, Jewish, Palestinian Youth Movement, U.S . Palestinian Community Network, Anadolu, Trump, White House Locations: ”, Gaza, Israel, ’, United States, Washington, Lebanon, Berlin, Schoenefeld, Germany, Europe, Michigan, Wisconsin, U.S, Detroit, Anadolu

☆ China is 'fighting hard', but mainly in the wrong direction: David Roche
▼ + stars: | 2024-10-18 | 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 EmailChina is 'fighting hard', but mainly in the wrong direction: David RocheDavid Roche of Quantum Strategy says the complexity of the issue in China is not being comprehended by the authorities, and discusses what measures he thinks are needed to "get the economy moving".

Persons: David Roche David Roche Organizations: China, Quantum Locations: China

☆ I traveled to Bali with my husband and young kids to decompress. 2 years later, we're still here.
▼ + stars: | 2024-10-18 | by ( Alison Emerick | ) www.businessinsider.com time to read: +7 min

Alison Emerick and her husband traveled to Bali for a break on their way home to Colorado. They settled into Bali life quickly, with two young kids, and didn't want to leave. AdvertisementWe settled into Bali life quicklyAs the weeks went by, and life slowed down, we realized we really liked it here. The author, her husband, and two kids embrace Bali life. The author loves how easy it is to pick up the kids from school and head to the beach as a family.

Persons: Alison Emerick, —, It's, we're, Alison Emerick Bali, we've, We've, I've, We're Organizations: Service, Singapore American School, manta Locations: Bali, Colorado, Singapore, Singapore ., Indonesia, Sanur, Canggu, Penida, Komodo, East Java, Ubud, Overdevelopment, Rivers

☆ Dollar rides 'Trump trade' toward third weekly rise, markets brush off China GDP
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: +5 min

The onshore yuan ticked 0.06% higher to 7.1199 per dollar, while its offshore counterpart rose 0.12% to 7.1282. Data on Thursday showed U.S. retail sales growth was higher than expected and the ECB cut interest rates by 25 basis points. "All of that has played in to a stronger dollar," said Jason Wong, senior strategist at BNZ in Wellington. The New Zealand dollar was similarly eyeing a 0.75% fall for the week and was little changed at $0.6063 in the Asia session. The U.S. dollar index hit a 2-1/2 month high of 103.87 on Thursday and is up nearly 0.8% forthe week thus far.

Persons: Donald Trump, Ho Woei Chen, Jason Wong, There's, Yahya Sinwar, Israel's, Benjamin Netanyahu, Sterling Organizations: European Central Bank, People's Bank of China, Securities, Fund, Insurance, ECB, Reuters, Trump, New Zealand, Bank of England, U.S Locations: Asia, China, Wellington, U.S, Israel, Gaza

☆ Asia markets open mixed as investors await China economic data, assess Japan CPI
▼ + stars: | 2024-10-18 | by ( Anniek Bao | ) www.cnbc.com time to read: +1 min

The skyline of the central business district in Beijing on August 13, 2019. (Photo by WANG Zhao / AFP)Asia-Pacific markets opened mixed Friday, as investors awaited key economic data from China and assessed Japan's inflation numbers. China's third-quarter GDP is expected to come in at 4.5%, as estimated by economists in a Reuters poll, compared with 4.7% growth in the prior quarter. China is set to release its house prices index for September at 9:30 a.m. local time. Japan's headline inflation for September came in at 2.5%, while core CPI — which excludes fresh food prices — rose 2.4% year on year compared with Reuters estimates of 2.3%.

Persons: WANG Zhao Locations: Beijing, AFP, Asia, Pacific, China

☆ China central bank chief flags more interest rate cuts
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: +1 min

A pedestrian walks past the People's Bank of China headquarters in Beijing, China, on Monday, Feb. 26, 2018. On Oct. 21, the Loan Prime Rate will decrease by 20 to 25 basis points, the official Xinhua news agency quoted Pan as saying. The benchmark seven-day reverse repurchase rate will also be lowered by 20 basis points and the medium-term lending facility rate reduced by 30 basis points, People's Bank of China Governor Pan Gongsheng told a financial forum in Beijing. At the financial forum on Friday, Pan also warned against any illegal fund flows into the stock market. Pan said the two measures were based entirely on market-oriented principles, and the swap facility was not a form of direct financial support from the central bank.

Persons: Pan, Pan Gongsheng Organizations: People's Bank of China, Xinhua Locations: Beijing, China, China's

☆ Tech is 'increasingly foundational' to a country's global influence: US Ambassador at Large
▼ + stars: | 2024-10-18 | 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 EmailTech is 'increasingly foundational' to a country's global influence: US Ambassador at LargeNathaniel Fick, U.S. Ambassador at Large for Cyberspace & Digital Policy, talks about cybersecurity and growing risks in the age of generative AI.

Persons: Nathaniel Fick Organizations: Tech, Cyberspace, Digital

☆ US imposes first sanctions on Chinese firms for making weapons for Russia’s war in Ukraine
▼ + stars: | 2024-10-18 | by ( Nectar Gan | ) edition.cnn.com time to read: +4 min

But in an announcement Thursday, the US Treasury Department accused the Chinese firms of direct involvement in arms supplies to Moscow. The Chinese companies had collaborated with Russian defense firms in the production of Moscow’s “Garpiya series” long-range unmanned aerial vehicles, the department said in a statement. “The Garpiya has been deployed by Russia in its brutal war against Ukraine, destroying critical infrastructure and causing mass casualties,” it said. “We have seen for some time Chinese companies providing components to Russian companies that Russian companies then use to turn into machinery, weapons, other components that Russia could use in its war,” State Department spokesman Matthew Miller told reporters Thursday. In the latest sign of their deepening alignment, Chinese and Russian defense officials vowed to strengthen their cooperation during meetings in Beijing last week.

Persons: “, Redlepus, TSK, Matthew Miller, ’, Liu Pengyu, Andrey Belousov, Zhang Youxia Organizations: Hong Kong CNN, US Treasury Department, CNN, Xiamen Limbach Aircraft, Redlepus Vector Industry Shenzhen Co, Treasury Department, US, TSK Vektor, ”, Reuters, China’s, Military Commission Locations: Hong Kong, United States, China, Russia, Ukraine, Washington, Beijing, Moscow, Xiamen, Russian, ’ Beijing, U.S, ”

☆ Analysis: Sinwar’s killing brings end of Gaza war within reach – if Israel can seize the chance
▼ + stars: | 2024-10-18 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +7 min

And it could bring the devastating war in Gaza closer to an end, experts say – if Israel and its allies can seize the opportunity. Before the war, power in Hamas was decentralized – with Gaza political chief Sinwar just one of many leaders, Chorev said. Shira Efron, a senior director of policy research at the Diane and Guilford Glazer Foundation said Sinwar’s killing gives Netanyahu the chance to claim a victory. Sinwar’s killing could also pave the way for a hostage and ceasefire agreement, since he was believed to be one of the main blockers of a deal. Chorev, from Tel Aviv University, added that Netanyahu could see Sinwar’s killing as a moment to cement his legacy.

Persons: Yahya Sinwar’s, Harel Chorev, Moshe Dayan, Sinwar, Chorev, “ Sinwar, Mohammed Deif, ”, Mohammed, Khalil Al Hayya, ” Chorev, Netanyahu’s, ’ Netanyahu, Shira Efron, Diane, Guilford, Netanyahu, “, Einav Zangauker, Matan, Uzi Rabi, Critics of Netanyahu, Joe Biden, clawing, Rabi, Yoav Gallant, Efron, ” Efron Organizations: CNN, Israel, Moshe, Tel Aviv University, Gaza, Hamas ’, Hamas, Guilford Glazer Foundation, ” Locations: Israel, Gaza, Cairo, “ Israel, United States, Lebanon, Rafah, ”, Gaza’s

☆ After the 'mad bull', there will be the 'slow bull' in the Chinese market, says investment manager
▼ + stars: | 2024-10-18 | 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 EmailAfter the 'mad bull', there will be the 'slow bull' in the Chinese market, says investment managerYang Liu of Atlantis Investment Management discusses factors creating momentum in Chinese equities, expecting the market to pass the highs last seen in 2015.

Persons: Yang Liu Organizations: Atlantis Investment Management

☆ Intel seeks billions for minority stake in Altera business, sources say
▼ + stars: | 2024-10-18 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Intel is looking for a deal that values Altera at around $17 billion, said the people, who requested anonymity to speak freely about confidential information. Following a steep drop in its stock price and extended stretch of market share losses, Intel has been looking to make drastic changes. The company made overtures to a number of private equity and strategic investors this week about Altera, the sources said. Intel has expressed to some of those investors that it would be possible to acquire a majority stake in the business. Intel has previously said it could look to monetize Altera business through an IPO, possibly as soon as 2026.

Persons: Pat Gelsinger, Gelsinger Organizations: Intel Corporation, Senate Commerce, Science, Innovation, Russell, Intel, Qualcomm, Nvidia, Devices

China's National Bureau of Statistics on Friday reported third-quarter GDP growth of 4.6% year on year, slightly exceeding the 4.5% expected by economists polled by Reuters. "The national economy showed positive signs of growth in September," Sheng Laiyun, the bureau's deputy commissioner, said at the press conference, according to CNBC's translation of the Chinese. Other data also released on Friday, such as retail sales and industrial production, had also beat expectations, a hopeful sign for the world's second largest economy. Beijing has faced growing public scrutiny over its ability to meet its own annual growth target of "around 5%." Amid low consumer sentiment and a flagging property sector, the Chinese government has intensified stimulus measures in recent weeks in an effort to boost its lackluster economy.

Persons: Sheng Laiyun, Tianchen Xu Organizations: National Bureau, Statistics, Reuters, Economist Intelligence Unit Locations: China, Beijing

☆ China's GDP growth will likely stay at about 4.5% for the whole of 2025, economist says
▼ + stars: | 2024-10-18 | 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 EmailChina's GDP growth will likely stay at about 4.5% for the whole of 2025, economist saysErica Tay of Maybank Investment Banking Group says she disagrees with Chinese officials where growth drivers are concerned.

Persons: Erica Tay Organizations: Maybank Investment Banking Group

☆ CNBC Daily Open: China posts better-than-expected economic data
▼ + stars: | 2024-10-18 | 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. Better-than-expected growth for ChinaChina's third-quarter gross domestic product expanded by 4.6% year on year, according to the National Bureau of Statistics. Chinese and U.S. retail sales going strongChina's retail sales for September grew 3.2% from a year ago, said the National Bureau of Statistics. Across the Pacific Ocean, retail sales in the U.S. rose a seasonally adjusted 0.4% for September.

Persons: Dow Jones, Pat Gelsinger, Altera Organizations: CNBC, China, National Bureau of Statistics, Dow, Dow Jones, Nasdaq, Intel, U.S . Federal Reserve Locations: U.S, Asia, Pacific, Shanghai

☆ China needs stimulus with 'beautiful deleveraging' to avoid debt crisis, says Ray Dalio
▼ + stars: | 2024-10-18 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Ray Dalio, billionaire and founder of Bridgewater Associates LP, during a Bloomberg Television interview in New York US, on Wednesday, April 3, 2024. Blue | Bloomberg | Getty ImagesChina must employ a "beautiful deleveraging" in addition to its recent stimulus measures in order to avoid a debt crisis, said Bridgewater Associates founder Ray Dalio at a conference on Friday The billionaire investor defines a "beautiful deleveraging" as a balanced approach to deficits that utilizes debt restructuring along with the printing of money and debt monetization. "That's the real interesting question of China, in terms of how it's approaching its debt issue," Dalio said, speaking at the FutureChina Global Forum in Singapore. Since the end of September, Beijing has announced several waves of stimulus and reform measures aimed at boosting its economy. "I think the changes that are taking place are terrific changes, but you still have to do the debt restructuring," Dalio said.

Persons: Ray Dalio, Victor J, Dalio, That's Organizations: Bridgewater Associates, Bloomberg Television, Blue, Bloomberg, Getty Locations: New York, China, Singapore, Beijing

☆ Big Tech is spending big on nuclear to power its AI ambitions. Here's where they are placing their bets.
▼ + stars: | 2024-10-18 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Major tech companies are investing in nuclear power to support AI data centers. Nuclear energy provides clean, constant power for data centers. AdvertisementTech companies are turning to nuclear power to advance their AI ambitions. Aside from generating enormous amounts of power, nuclear power is also an attractive choice for companies hoping to meet global net zero goals. AdvertisementHere's a closer look at how tech companies are investing in nuclear energy.

Persons: —, Kathryn Huff Organizations: Service, Tech, Google, Companies, University of Illinois, Department of Energy Locations: University of Illinois Urbana, Champaign

☆ European markets set for mixed open as investors digest third ECB rate cut of the year
▼ + stars: | 2024-10-18 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +1 min

European markets were headed for a mixed open on Friday as investors digested the European Central Bank's decision to cut interest rates yet again and awaited fresh economic data and earnings. Germany's DAX , the U.K.'s FTSE 100 and France's CAC 40 are all expected to slip when markets open, according to IG data, while Italy's FTSE MIB is on track to rise. The pan-European Stoxx 600 ended Thursday in the green, with almost all sectors and regional bourses trading in positive territory. It came as the ECB announced its third interest rate cut of the year, lowering the deposit rate by another 25 basis points, as inflation risks in the European Union ease faster than anticipated. On Friday, investors will be watching the latest U.K. retail sales data and quarterly earnings from Volvo Group.

Persons: Germany's DAX Organizations: Central, CAC, ECB, Volvo Group, Dow Jones Locations: European Union, Asia, Pacific, China, Hong Kong

☆ Chinese government has made 'crucial' improvements to its property destocking policies: Analyst
▼ + stars: | 2024-10-18 | 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 EmailChinese government has made 'crucial' improvements to its property destocking policies: AnalystJieqi Liu, Senior Property Analyst at UOB Kay Hian, shares her views on the latest measures of the Chinese housing ministry to bolster the property market, and explains why she thinks it will become a market-oriented industry in the future.

Persons: Jieqi Liu, UOB Kay Hian

☆ Sam Altman risks spreading himself too thin at OpenAI
▼ + stars: | 2024-10-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

Sam Altman has taken a more prominent role at OpenAI as several top leaders have left the company. Altman risks spreading himself too thin, three management experts told BI. Now, as Altman leads OpenAI toward a possible for-profit future, some corporate management experts warn that the CEO could stretch himself too thin — taking on too many job functions. Altman and a spokesperson for OpenAI didn't respond to requests for comment from Business Insider. It's possible that Altman could take on the CTO role on a temporary basis, Sonnenfeld said, "but it's not likely that he can do this very long."

Persons: Sam Altman, Altman, —, Sam Altman's, OpenAI, Mira Murati, Altman hasn't, Fiss, Elon, Patricia Lenkov, Lenkov, Jeffrey Sonnenfeld, Sonnenfeld Organizations: Service, Business, Bloomberg, University of Southern, Apple, Twitter, JPMorgan, Yale University's School of Management, Yale, Leadership Locations: OpenAI, University of Southern California

☆ Safe-haven gold breaks $2,700 per ounce level as uncertainty looms
▼ + stars: | 2024-10-18 | by ( ) www.cnbc.com time to read: +2 min

Spot gold firmed 0.5% to $2,706.76 per ounce by 0220 GMT, adding nearly 2% so far in the week. U.S. gold futures rose 0.5% to $2,722.00. It's just a bull market that shows no signs of exhaustion," said Tai Wong, a New York-based independent metals trader. Spot silver rose 0.5% to $31.92 per ounce and was headed for a weekly gain. Elsewhere, data showed that top metals consumer China's economy expanded 4.6% in the third quarter from a year earlier, slightly beating analysts' expectations.

Persons: Tai Wong, Yahya Sinwar, Kamala Harris, Donald Trump Organizations: U.S ., Treasury, Federal, European Central Bank, Democratic, Republican Locations: New York, U.S, Israel

☆ These 3 UK stocks are on the march and set to soar by over 50%, RBC says
▼ + stars: | 2024-10-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Three London stocks are on the march and are expected to rise by more than 50% over the next 12 months. TM17-GB 1Y line More recently, RBC said the company reported "a good set of results" in September. The company reported £80.6 million in total sales, missing revenue expectations of £81.5 million marginally. Wheeler also noted that the stock had "significant upside potential" after the company reported its first-half results on July 26. RBC analyst Charles Weston said the stock remains "materially undervalued" after the company reported its first half-year financial results.

Persons: Debbie Bestwick's, Steve Bell's, Frank Sagnier's, Ross Broadfoot, Broadfoot, Team17, RBC's Alexander Wheeler, Wheeler, Charles Weston, OXB Organizations: CNBC Pro, RBC Capital Markets, RBC, Drax, Oxford Biomedica, Oxford, University of Oxford Locations: London, England, Team17

☆ Sinwar’s death offers an opening to end the war in Gaza – and a test for Netanyahu
▼ + stars: | 2024-10-17 | by ( Dan De Luce | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +8 min

After a yearlong manhunt, including help from U.S. intelligence agencies, Israeli troops stumbled upon him during a routine patrol, Israeli officials said. Yahya Sinwar in Gaza city on Oct. 18, 2017. Now a cease-fire, the return of hostages and even the withdrawal of Israel Defense Forces from Gaza could be within reach, former officials said. One of the hostages Hamas took on Oct. 7 was an 85-year-old peace activist, Yocheved Lifshitz, who was later released. She told to the Israeli newspaper Davar about encountering Sinwar in the maze of tunnels under Gaza.

Persons: Yahya Sinwar, Benjamin Netanyahu, “, ”, Bruce Riedel, ” Sinwar, Atia Darwish, Sinwar, Biden, ” Dennis Ross, Ross, they’re, Antony Blinken, ” “, Blinken, Matthew Miller, Aaron David Miller, Netanyahu, Sinwar’s, Burcu Ozcelik, Israel, Ghaith Al, Yocheved Lifshitz Organizations: Israel, Hamas, CIA, Biden, Washington Institute for Near, Israel Defense Forces, Gaza, United Arab, State, Carnegie Endowment, International, Royal United Services Institute, Lebanese, Hezbollah Locations: Gaza, Israel, Iran, U.S, Lebanon, United States, United Arab Emirates, London, Palestinian, Hamas, Qatar

A Georgia grand jury indicted a teenage boy and his father on dozens of charges, including murder, in connection with a mass shooting last month that killed four people at Apalachee High School, officials said Thursday. His father, Colin Gray, was indicted on 29 counts, including second-degree murder, second-degree cruelty to children, involuntary manslaughter and reckless conduct, according to records from the Barrow County District Attorney's Office. Colin Gray at Barrow County courthouse, in Winder, Ga., on Sept. 6, 2024. Colin Gray is being held in the Barrow County jail and his son is being held in a juvenile detention center in Gainesville. Barrow County District Attorney Brad Smith said last month Colin Gray's charges marked the first time in state history a parent of a suspected school shooter was charged.

Persons: Colt Gray, Colin Gray, Brynn Anderson, Gray, Brad Smith, Colin Gray's, Mason Schermerhorn, Christian Angulo, Richard Aspinwall, Cristina Irimie Organizations: Apalachee High School, Attorney's Office, NBC Locations: Georgia, Barrow County, Winder , Georgia, Winder , Ga, Barrow, Gainesville

Meta is ramping up its efforts to fight sextortion on Instagram with the launch of new features that are designed to help prevent young users from getting blackmailed into sharing nude photos. Starting Thursday, Instagram will automatically block follow requests sent to teenage users from accounts that display certain “scammy behaviors,” according to Meta. At a Senate online child safety hearing in January, Meta CEO Mark Zuckerberg apologized to parents who said Instagram contributed to their children’s suicides or exploitation. Last month, Meta announced it will begin automatically placing all users under 18 into “teen accounts” with stricter privacy settings. “If they really want to promote meaningful change and online safety for kids and teens, they can stop opposing federal solutions like the Kids Online Safety Act,” Hinkle said.

Persons: sextortion, Instagram, Antigone Davis, Meta’s, —, we’ve, ”, Mark Zuckerberg, Haley Hinkle, “, ” Hinkle, they’re, Davis, Hinkle Organizations: Meta, FBI, NBC News, Kids, Senate Locations: Fairplay, United States, Canada, United Kingdom, Australia

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