DIRS.INFO The most relevant business & tech news

☆ North Korea, US envoys engage in rare, public sparring match at UN
▼ + stars: | 2023-11-27 | by ( Michelle Nichols | ) www.reuters.com time to read: +3 min

A North Korean flag flutters at the propaganda village of Gijungdong in North Korea, in this picture taken near the truce village of Panmunjom inside the demilitarized zone (DMZ) separating the two Koreas, South Korea, July 19, 2022. Formally known as the Democratic People's Republic of Korea (DPRK), North Korea has been under U.N. sanctions for its ballistic missile and nuclear programs since 2006. Denuclearization talks between North Korea, South Korea, China, the United States, Russia and Japan stalled in 2009. Kim said that until "the persistent military threat" was eliminated, North Korea would continue to strengthen its capabilities. China and Russia say joint military drills by the United States and South Korea provoke Pyongyang, while Washington accuses Beijing and Moscow of emboldening North Korea by shielding it from more sanctions.

Persons: Kim Hong, Pyongyang's, Linda Thomas, Kim Song, Kim, Thomas, Greenfield, Denuclearization, Kim Jong Un, Donald Trump, Michelle Nichols, Grant McCool, Sandra Maler Organizations: REUTERS, UNITED NATIONS, United Nations, North Korea sparred, Security, North Korean, DPRK, Democratic People's, United, North, . Security, U.S, Thomson Locations: Gijungdong, North Korea, Panmunjom, South Korea, United States, Greenfield, Democratic People's Republic of Korea, DPRK, Pyongyang, U.S, China, Russia, Japan, Korea, Britain, France, Washington, Beijing, Moscow, emboldening North Korea

☆ Indonesia Says 'Positive' Signs From Myanmar's Warring Camps on Dialogue Effort
▼ + stars: | 2023-11-24 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

JAKARTA (Reuters) - Indonesia said on Friday it had hosted a meeting of some of the key stakeholders in the conflict in military-ruled Myanmar at which each gave a "positive indication" about holding inclusive dialogue soon. As outgoing chair of the Association of Southeast Asian Nations (ASEAN), Indonesia is pushing for dialogue between rival camps in a bloody crisis triggered by the military's coup against Myanmar's elected government in 2021. The objective of the meeting, Indonesia said, was to enable inclusive talks, reduce violence, and support humanitarian efforts, in line with a "five-point consensus" agreed to by Myanmar's military soon after the coup. "Upon receiving the respective messages, stakeholders indicated positive indication on the possibility of convening dialogues in an inclusive and genuine manner soon." Indonesia has been quietly engaging various parties but has said progress has been impaired by some insisting on preconditions for talks.

Persons: Myanmar's, Stanley Widianto, Martin Petty, William Maclean Organizations: National Unity Government, Association of Southeast Asian Nations, ASEAN, United Nations Locations: JAKARTA, Indonesia, Myanmar, Jakarta, ASEAN

☆ 'The gorilla is gone for the moment': OpenAI's rivals see ways to profit from a Silicon Valley drama
▼ + stars: | 2023-11-21 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +5 min

An in-demand talent pool"Many previously poorly understood secrets will be more widely disseminated across the ecosystem," one European AI founder who spoke on the condition of anonymity said. But European competitors can still benefit from OpenAI's implosion. The startup had been on an uninterrupted run for the past year, said EarlyBird VC partner and Aleph Alpha investor Andre Retterath. The turmoil at OpenAI has also galvanized both AI founders and investors in Europe. The company's top expenditure, besides employee salaries, is manually cleaning and sourcing the data they use to train their models, a European VC said.

Persons: Sam Altman, unseats, Nathan Benaich, Altman, Marc Benioff, Salesforce, Silvio Savarese, Einstein, 1RXoc9ekeo, Benaich, Alpha, EarlyBird, Andre Retterath, Retterath, Mariam Pettit, they've, OpenAI, Andrew Scott, 7percent, David Grimm, Grimm, Rebecca Gorman Organizations: Air Street Capital, Business, Aleph Alpha, Microsoft, Google, Alpha, Global Founders Capital, Albion Locations: Europe, OpenAI

☆ Is the rule of Myanmar's junta under threat?
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +5 min

Importantly, they were joined also by members of so-called people's defence forces, a loosely organised movement backed by Myanmar's parallel, National Unity Government (NUG). HOW SERIOUS A THREAT IS THE JUNTA FACING? It is too soon to predict the extent to which the military's rule in the rest of the country could be under threat, analysts say. But the 1027 offensive has given a black eye to a well-equipped military with decades of experience fighting insurgencies. With its reputation at stake, the junta is unlikely to concede easily and risk a domino effect of challenges to its authority in more regions of a country where its rule is deeply unpopular.

Persons: Martin Petty, Robert Birsel Organizations: REUTERS, Myanmar National Democratic Alliance Army, National Liberation Army, Arakan Army, National Unity Government, AA, Security, Thomson Locations: Myanmar, Myanmar's Khawmawi, India, Zokhawthar, Champhai district, India's, Mizoram, Shan State, China, Rakhine State, Kayah, Thailand, Sagaing, Chin State

☆ Israel Needs a Biden Peace Plan - The New York Times
▼ + stars: | 2023-11-14 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +11 min

We will either have to become captives of Netanyahu’s strategy — which could take us all down with him — or articulate our own American vision for how the Gaza war must end. That would require a Biden administration plan to create two states for two indigenous peoples living in the areas of Gaza, the West Bank and Israel. The Biden plan — are you sitting down? Resolutions 242 and 338, which was also the cornerstone for negotiations in the peace plan put forward by President Trump in 2020. Is the Palestinian Authority up to such a deal?

Persons: Benjamin Netanyahu, Biden, Israel, Netanyahu, Donald Trump’s, Trump, Yoav Gallant, Benny Gantz, ”, Palestinian Authority —, Israel …, …, ” Bibi —, West Bank —, Antony Blinken, Blinken, ’, don’t, Bezalel Smotrich, Itamar Ben, — Netanyahu, —, President Trump, “ Bibi, ” Biden, Jan, ‘ Netanyahu, Gidi, Ehud Barak’s, Camp David, Grinstein, It’s, Will Israel’s, Ronald Lauder, couldn’t, Israel — Organizations: West Bank, Israel, U.S, Palestinian Authority, Palestinian, Times, Biden, National Security, Aipac, United Arab, Associated Press, Camp, Jewish, Republican, World Jewish Locations: Israel, United States, Gaza, America, Washington, Oslo, West Bank —, Tokyo, Palestinian, Europe, United Arab Emirates, Saudi Arabia, Jerusalem, Egypt, Jordan, Bahrain, Palestine, Saudi, Iran

WASHINGTON, Nov 13 (Reuters) - U.S. House of Representatives Speaker Mike Johnson's plan to avoid a partial government shutdown secured tentative support from top Senate Democrat Chuck Schumer on Monday, even as some of Johnson's hardline Republican colleagues pushed back against it. Without changes, the Texas Republican said he would oppose efforts to bring the bill to the floor. The bill is intended to pressure the House and Senate to agree on spending bills for fiscal 2024 by the assigned dates. Johnson warned Democrats that House Republicans would impose a full-year CR for 2024 "with appropriate adjustments to meet our national security priorities" if Congress fails to reach agreement on full-year spending. Failure to hit that benchmark led to McCarthy's ouster, but some House Republicans suggested Johnson deserved more time.

Persons: Mike Johnson's, Chuck Schumer, Schumer, Chip Roy, Roy, Hakeem Jeffries, Kevin McCarthy, Joe Biden, Johnson's, centrists, Mike Johnson, Elizabeth Frantz, Johnson, Good, Marjorie Taylor Greene, Warren Davidson, Scott Perry, Andrew Clyde, Republican George Santos, Perry, Karine Jean, Pierre, Biden, McCarthy, David Morgan, Moira Warburton, Steve Holland, Scott Malone, Andrea Ricci, Richard Chang Organizations: . House, Senate, Texas Republican, Republican, Democratic, U.S . House, U.S, Capitol, REUTERS, Food and Drug Administration, House, White, Caucus, White House, Republicans, Social Security, Total U.S, Thomson Locations: Washington , U.S

☆ Hardline Republicans push back on US House speaker's plan to avert shutdown
▼ + stars: | 2023-11-13 | by ( David Morgan | ) www.reuters.com time to read: +6 min

The bill is intended to pressure the House and Senate to agree on spending bills for fiscal 2024 by the assigned dates. Johnson warned Democrats that House Republicans would impose a full-year CR for 2024 "with appropriate adjustments to meet our national security priorities" if Congress fails to reach agreement on full-year spending. Democrats had worried that Republicans would put defense and other party priorities in the first tranche and then let the remaining programs shut down. Failure to hit that benchmark led to McCarthy's ouster, but some House Republicans suggested Johnson deserved more time. The brutal infighting among Republicans this year, including the party's own rejection of three seasoned nominees for House speaker, coincides with falling federal revenues and mounting costs for interest, health and pension outlays.

Persons: Mike Johnson, Elizabeth Frantz, Johnson, Bob Good, Kevin McCarthy, Joe Biden, Johnson's, centrists, Good, Marjorie Taylor Greene, Warren Davidson, Scott Perry, Andrew Clyde, Chip Roy, Republican George Santos, Perry, Chris Murphy, Biden, McCarthy, David Morgan, Scott Malone, Andrea Ricci, Richard Chang Organizations: U.S . House, U.S, Capitol, REUTERS, Rights, . House, Republican, Democratic, Senate, Food and Drug Administration, House, White, Caucus, White House, NBC, Republicans, Social Security, Total U.S, Thomson Locations: Washington , U.S, Washington, Louisiana

☆ ‘We lost control of who we were.’ Why Phillip Lim’s return to fashion matters
▼ + stars: | 2023-10-30 | by ( Alex Rees | ) edition.cnn.com time to read: +16 min

(CNN) — The tears were flowing backstage at Phillip Lim’s latest runway show, as the fashion designer made has return to the New York Fashion Week last month after four years away. CNN: Did planning your return to New York Fashion Week take you back to when you launched 3.1 Phillip Lim in the first place? Models pose during the presentation of 3.1 Phillip Lim's Fall-Winter 2006 collection at New York Fashion Week on February 4, 2006. JP Yim/WireImage/Getty ImagesZhou: 3.1 Phillip Lim was founded on the idea of ‘why not?’Phillip and I were both 31-years-old. Does 3.1 Phillip Lim have that roadmap right now, or is the ‘second act’ still being written?

Persons: Phillip Lim’s, Lim, ”, Phillip Lim, Wen Zhou, Madison McGaw, Phillip Lim’s “, Zhou, it’s, ” Phillip Lim “, ” Lim, ‘, I’m, let’s, couldn’t, Phillip Lim's, JP Yim, ’ Phillip, Phillip, we’d, It’s, Ezra J, William, Tina Leung, Prabal Gurung, Laura Kim —, Slay, Eva Chen, Dimitrios Kambouris, Phillip Lim CNN, Liya Kebede, Liya, Phillip Lim Spring, Victor Virgile, ’, I’ll, You’ve, John Nacion, —, Sou Lai, That’s what’s Organizations: CNN, New York, titans, Zhou, Pacific Islanders, Getty, Sou Lai CNN Locations: New York, New, New York City

☆ Primary Battles Brew Over Progressive Democrats’ Stances on Israel
▼ + stars: | 2023-10-29 | by ( Jonathan Weisman | More About Jonathan Weisman | ) www.nytimes.com time to read: +3 min

And progressive organizations are girding for possible challenges to Representatives Cori Bush of Missouri, Rashida Tlaib of Michigan and others, funded from the deep pockets of AIPAC and other pro-Israel groups. “They spent a historic amount of money to intervene, and try and buy primaries in 2022,” said Usamah Andrabi, spokesman for Justice Democrats, the liberal insurgent group that helped elect many of the progressives now on the primary target list. “I think we will see a doubling and tripling down, because no one in the Democratic leadership is trying to stop them.”Officially, AIPAC is neutral for now. Progressive Democrats like Ms. Lee have other constituents to consider, including progressive Jews who remain by her side. Ms. Lee said Jews were “10 percent of our district, but we also have Muslim, Arab, Palestinian constituents who are afraid for their families and their lives.”

Persons: George Latimer, Jamaal Bowman, Eliot Engel, Cori Bush of, Rashida, “, ”, Usamah Andrabi, Marshall Wittmann, Bowman, Lee, ” Waleed Shahid, Biden, Avigail Oren Organizations: Westchester County, House Foreign Affairs Committee, Justice Democrats, Democratic, AIPAC, Israel, Progressive Locations: New York, Westchester, Cori Bush of Missouri, Michigan, Israel, Gaza, Pittsburgh

☆ Influencer model infects US political fundraising
▼ + stars: | 2023-10-27 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

In turn, leaders like former Democratic House Speaker Nancy Pelosi or Republican Speaker Paul Ryan collected tens of millions of dollars to divert to politically valuable campaigns elsewhere in the party. Florida Republican Matt Gaetz has raised nearly $2 million this year, helped by fundraising emails sent in the lead-up to his successful effort to remove Republican Representative Kevin McCarthy as House speaker. Vocal conservatives Marjorie Taylor Greene and Lauren Boebert have raised $2.7 million and $2.4 million, respectively, for their 2024 House campaigns. McCarthy raised 2.9% of House Republicans’ cash in the 2022 elections. Republican Representative Garret Graves criticized Representative Matt Gaetz on Oct. 3 for using his vote to oust House Speaker Kevin McCarthy as a fundraising opportunity.

Persons: Mike Johnson, Nathan Howard, –, Nancy Pelosi, Paul Ryan, Florida Republican Matt Gaetz, Kevin McCarthy, Alexandria Ocasio, Cortez, Marjorie Taylor Greene, Lauren Boebert, McCarthy, John Boehner, Taylor, Garret Graves, Matt Gaetz, Graves gestured, Gaetz, ” Gaetz, Lauren Silva Laughlin, Sharon Lam Organizations: Republican, U.S, Capitol, REUTERS, Rights, Reuters, Representatives, Democratic, Florida Republican, Republicans, U.S . House, Thomson Locations: Washington , U.S, Florida, U.S

While a Hamas spokesman told the BBC that Iran did assist in the attack, officials in Tehran have denied responsibility while praising the outcome. "If you had a large end-of-year bonus payment coming your way, might you start spending more money in the meantime? “This money belongs to the Iranian people, the Iranian government, so the Islamic Republic of Iran will decide what to do with this money,” Iranian President Ebrahim Raisi told NBC News. While the Biden administration renewed talks with Iran to reenter the pact, the discussions have led nowhere and U.S. negotiators publicly walked away. Though not believed to be directly connected, some analysts have speculated that the Biden administration move to free up the $6 billion could have been an incentive to continue talking even as Tehran slowed the pace of development of a nuclear weapon.

Persons: Trump, State Anthony Blinken, Benjamin Netanyahu, Richard Goldberg, Matthew Kroenig, Joe Biden, Nikki Haley, Ebrahim Raisi, ”, Biden, Adrienne Watson, Aaron David Miller, Obama, –, Donald Trump Organizations: White, Hamas, Biden, BBC, Treasury Department, “, ”, State, Israeli, Foundation for Defense of Democracies, Wall, Georgetown University, GOP, NBC News, Former State Department, –, Trump, U.S Locations: Israel, Iran, Tehran, South Korea, Qatar, Tel Aviv, Gaza, Islamic Republic of Iran, Washington, U.S

U.S. President Joe Biden lholds a bilateral meeting with Israeli Prime Minister Benjamin Netanyahu on the sidelines of the 78th U.N. General Assembly in New York City, U.S., September 20, 2023. As president, Biden has frequently stressed support for independent Israeli and Palestinian states. Having returned to office in late December, Netanyahu opposes Palestinian statehood anytime soon and has approved thousands of new housing units for West Bank settlers. "If President Biden can stand with Ukraine for as long as it takes, I hope President Biden can stand with Israel for as long as it takes," said Republican Senator Tom Cotton, a foreign policy hawk, on Fox News' "Sunday Morning Futures." "Biden is not in love with Bibi Netanyahu," he said, using the prime minister's nickname.

Persons: Joe Biden lholds, Benjamin Netanyahu, Kevin Lamarque, Joe Biden, Netanyahu, Biden, Barack Obama’s, Donald Trump, Jonathan Panikoff, government’s, Tom Cotton, BIBI, Israel, Aaron David Miller, Bibi Netanyahu, Steve Holland, Matt Spetalnick, Heather Timmons, Howard Goller Organizations: Israeli, General Assembly, REUTERS, Rights, Israel, Administration, West Bank, Republican, U.S, White, Hezbollah, Hamas, Atlantic Council, Fox News, AIPAC, Biden, General, Carnegie Endowment, International, Thomson Locations: New York City, U.S, Gaza, Israel, Iran, Egypt, Syria, Yom, Gulf, Lebanese, Jerusalem, Ukraine, New York, Saudi Arabia

But he says he gradually gained new fans in his soccer-crazed South American country for representing his Afro-Brazilian religion Candomblé and challenging religious intolerance. And it’s nice to feel they see something good in what I do.”Just a small minority in Brazil practices Candomblé. Growing up in Rio de Janeiro, Paulinho said he suffered prejudice because of his faith -- like his mother and grandmother before him. Paulinho now plays for Brazil’s Atlético Mineiro, a club that during the 1980s had some of the first outspoken evangelical soccer players in the country. Paulinho was one of the few active soccer players to publicly endorse President Luiz Inácio Lula da Silva in the 2022 elections.

Persons: Paulinho, –, Oxóssi, …, it’s, nonbelievers, wasn’t, Candomblé, Vasco da Gama, Ana Christina Sampaio, “, ”, “ Candomblé, Reginaldo Prandi, That’s, ” Prandi, ” Paulinho, emboldening, Jair Bolsonaro, Luiz Inácio Lula da Silva, Caetano Veloso, Prandi, Rodrigo Nestor, Iansã, ” Nestor, “ That’s Organizations: LAGOA, Tokyo, Brazilian club Atletico Mineiro, Vasco, Candomblé, Portuguese, Bayer Leverkusen, Brazil’s Atlético Mineiro, Atletico Mineiro, Black, Sao Paulo FC, Rodrigo, Brazilian, Flamengo, Globo, Lilly Endowment Inc, AP Locations: LAGOA SANTA, Brazil, American, Christianity, Belo Horizonte, “, Rio de Janeiro, European, England, Spain, India, Bahia, Bolsonaro, Sao, Paris

And senior U.S. administration officials who previewed the meeting said the two nations are rolling out a partnership on workers' rights. Lula quickly traveled to Washington, where he and Biden bonded over the challenges to democracy they had both overcome. Labor is an issue dear to Lula, who got his start in politics as leader of a powerful metalworkers' union. They noted that the Biden administration has lifted travel restrictions to Cuba imposed by the prior administration and is also in the process of restarting remittances to that country. He declined to say whether Biden would broach the subject of Venezuela in their bilateral meeting.

Persons: Joe Biden, Luiz Inácio Lula da Silva, Lula, Biden, “, Thomas Traumann, Jair Bolsonaro, Donald Trump, Trump, Traumann, Dilma Rousseff, Lula’s, Paulo Peres, Venezuela’s Nicolás Maduro, Jake Sullivan, ___ Boak, Eléonore Hughes Organizations: Brazilian, General, U.S, White, Labor, Federal University of Rio, Amazon Fund Locations: New York, Ukraine, Washington, U.S, Cuba, Brazilian, Federal University of Rio Grande do Sul, Venezuela, Rio de Janeiro

☆ Biden takes a political hit but brings Americans home
▼ + stars: | 2023-09-18 | by ( Stephen Collinson | ) edition.cnn.com time to read: +7 min

After all, the United States does not do deals with its well-meaning friends to free hostages or wrongly detained Americans. There is no perfect deal to free imprisoned Americans and the agreement with Iran is especially divisive. In this way dealing with US enemies can be a sign of political strength rather than weakness. Criticism from the likes of former President Donald Trump and Pence is politicized in the context of their presidential campaigns – and ignores their own deals to free Americans. Moscow is subsequently currently driving a relentless bargain over the fate of imprisoned Americans Paul Whelan and Wall Street Journal reporter Evan Gershkovich.

Persons: Joe Biden’s, Mike Pence, Donald Trump, Pence, –, Trump, Wang, Kim Jong, Trump’s, Biden, Mike McCaul, Viktor Bout, Brittney Griner, Paul Whelan, Evan Gershkovich, ”, Barack Obama, Ronald Reagan, foments, Neda Sharghi, Emad Sharghi, “, Paul Whelan’s, Morad, Namazi – Organizations: CNN, Washington, Biden, Trump, Texas, House Foreign Affairs, Wall Street, White, GOP, US Treasury Department Locations: Iran, United States, Russia, Venezuela, Qatar, China, North Korea, Tehran, Moscow

☆ What are Republican U.S. presidential candidates saying about the UAW strike?
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +5 min

Hakeem Jeffries, Democratic Minority Leader of the U.S. House of Representatives, walks the picket line with striking United Auto Workers members outside the Ford Motor Michigan Assembly Plant in Wayne, Michigan U.S., September 17, 2023. REMEMBER, BIDEN IS A CROOK WHO HAS BEEN PAID MILLIONS OF DOLLARS BY CHINA, & OTHERS. On Friday, he wrote: "The all Electric Car is a disaster for both the United Auto Workers and the American Consumer. If this happens, the United Auto workers will be wiped out, along with all other auto workers in the United States. So I understand the frustration, but I think union bosses may be directing that ire in the wrong direction when it belongs at the feet of our current government."

Persons: Hakeem Jeffries, Rebecca Cook, Joe Biden, DONALD TRUMP, CROOKED JOE, YOU'LL, BIDEN, I'm, Biden, Pence, VIVEK RAMASWAMY, NIKKI HALEY, emboldens, Haley, Richard Chang Organizations: Democratic, U.S . House, United Auto Workers, Ford Motor Michigan, Plant, Wayne , Michigan U.S, REUTERS, Labor, Detroit Three, General Motors, Ford, Republican, Democratic U.S, Electric, CHINA FIRST, TRUMP, YOUR, WHO, American Consumer, United Auto, Trump, CNN, South, United Nations, Fox News, TIM SCOTT The, UAW, Thomson Locations: Wayne , Michigan, China, CHINA, United States, Washington, South Carolina, TIM SCOTT The U.S

☆ Opinion | Prigozhin’s Real Legacy: The Mercenary Blueprint
▼ + stars: | 2023-09-03 | by ( Sean Mcfate | ) www.nytimes.com time to read: +1 min

The death of Yevgeny Prigozhin, the Wagner mercenary chief, has set off intense speculation over the future of the world’s most dangerous private army. In reality, the departure of the boss may not change much. After Mr. Prighozin’s failed mutiny in June, President Vladimir Putin forced many Wagner mercenaries to surrender their weapons to the Russian military, granting his generals their wish. Reports emerged on Thursday that the Russian government is now moving to take control of operations of the enterprise there that Mr. Prigozhin built as a conflict entrepreneur. It is simply too profitable for Mr. Putin to fully disband.

Persons: Yevgeny Prigozhin, Wagner, Prigozhin, Dmitri Utkin, Prighozin’s, Vladimir Putin, Wagner’s, Putin Organizations: Mr Locations: Russian, Africa

☆ Load up on bonds for their juicy yields before the stock-market rally loses steam, says Morgan Stanley
▼ + stars: | 2023-08-17 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

It might be time to pile into US Treasurys, according to Morgan Stanley Wealth Management. Bond yields have jumped in recent weeks, while the equity-market rally may be losing steam. "Investors should consider hedges for their high-priced stocks," CIO Lisa Shalett said. Lisa Shalett said in a note to clients Monday that spiking yields had made bonds much more attractive in recent weeks, signaling that fixed-income assets could be a suitable hedge if this year's breathless stock-market rally starts to lose steam. When Treasury yields rise, they become more attractive to investors relative to stocks because they offer similar returns at a lower risk level.

Persons: Morgan, Lisa Shalett, Morgan Stanley, Shalett Organizations: Morgan Stanley Wealth Management, Service, Morgan Stanley Wealth Management's, Federal Reserve, Treasury Locations: Wall, Silicon

☆ Wall St Week Ahead Hopes of 'Goldilocks' economy, rate peak buoy US stocks
▼ + stars: | 2023-07-28 | by ( David Randall | ) www.reuters.com time to read: +5 min

The S&P 500 is up nearly 19% this year after gaining around 1% in the past week. At the same time, investors believe the Fed is unlikely to deliver much more of the monetary policy tightening that shook markets last year. A test of the economy comes next week, when the U.S. reports employment numbers for July. The tech-heavy Nasdaq 100 is up nearly 44% year-to-date, while the S&P 500 information technology sector has gained nearly 46%. The S&P 500 tech sector now trades at 28.2 times forward earnings, from 19.6 at the start of the year.

Persons: Brendan McDermid, Jerome Powell, Bob Kalman, Torsten Slok, Burns McKinney, Randy Frederick, wouldn't, David Randall, Ira Iosebashvili, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Federal, Miramar Capital, Apollo Global Management, Meta, Roku Inc, NJF Investment Group, Apple, Microsoft, Schwab Center, Financial Research, Thomson Locations: New York, U.S, Miramar

☆ South Korea asks China to play 'constructive role' against North's threats
▼ + stars: | 2023-07-14 | by ( ) www.reuters.com time to read: +2 min

It is a common interest of Seoul and Beijing for North Korea to stop provocations and return to dialogue, his office said. Relations between South Korea and China have also worsened since China's ambassador last month warned South Korea against making a wrong bet when it comes to Sino-U.S. rivalry. South Korean President Yoon Suk Yeol had already angered China in April by saying the Taiwan issue was not merely an issue between China and democratically governed Taiwan, but a "global" issue similar to North Korea. "It is hoped that the South Korean side will abide by the one-China principle and handle it prudently and properly." China is willing to work with South Korea on rebuilding mutual trust and pushing their strategic partnership back to a healthy track, Wang said.

Persons: Jin, Wang Yi, Yoon Suk Yeol, Wang, Soo, hyang Choi, Ryan Woo, Christina Fincher, Devika Syamnath, Edmund Klamann Organizations: Korea's Foreign, Association of Southeast Asian Nations, United Nations Security Council, South, ASEAN, Thomson Locations: SEOUL, China, Pyongyang, Jakarta, Seoul, Beijing, North Korea, Russia, Washington, Moscow, emboldening North Korea, South Korea, U.S, Taiwan

☆ In rare UN appearance, North Korea defends missile launch
▼ + stars: | 2023-07-13 | by ( Michelle Nichols | ) www.reuters.com time to read: +4 min

[1/3] Hwasong-18 intercontinental ballistic missile is launched from an undisclosed location in North Korea in this image released by North Korea's Korean Central News Agency on July 13, 2023. The 15-member Security Council met after North Korea said it tested on Wednesday its latest Hwasong-18 ICBM, adding the weapon is the core of its nuclear strike force. "We categorically reject and condemn the convening of the Security Council briefing by the United States and its followers," North Korea's U.N. North Korea last spoke at a council meeting on its nuclear and ballistic missile programs in December 2017, diplomats said. North Korea - formally known as the Democratic People's Republic of Korea (DPRK) - has been under U.N. sanctions for its missile and nuclear programs since 2006.

Persons: Kim Song, Jeffrey DeLaurentis, NATO DeLaurentis, Washington, China's U.N, Zhang Jun, Zhang, Michelle Nichols, Mark Porter, Deepa Babington Organizations: North, Korean Central News Agency, KCNA, REUTERS UNITED NATIONS, Security, Democratic People's, U.S, United Nations, NATO, DPRK, Thomson Locations: North Korea, United States, U.N, Korea, Democratic People's Republic of Korea, DPRK, Pyongyang, Russia, China, Britain, France, South Korea, Washington, Beijing, Moscow, emboldening North Korea, CHINA, U.S, NATO, China's

☆ How Thai food became so popular in the US — and how today’s chefs are going beyond pad thai
▼ + stars: | 2023-07-12 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +11 min

CNN —When Anajak Thai opened in 1981, most people who walked into the Los Angeles restaurant weren’t familiar with Thai cuisine. Thai food became so popular among Americans that the Thai government took notice. Thai food in the US reaches new heightsToday, the Thai restaurant scene in the US is perhaps the most exciting that it’s ever been. And Thai American chefs like Pichetrungsi are continuing to defy stereotypes and misconceptions of what constitutes Thai food. He wants to show diners just how innovative Thai cuisine can be, but he’s hesitant to take familiar comforts like pad thai off the menu altogether.

Persons: Justin Pichetrungsi, Pichetrungsi’s, Rick Pichetrungsi, Anajak, ” Pichetrungsi, Pichetrungsi, he’s, It’s, Mark Padoongpatt, Padoongpatt, Marie Wilson, ” Padoongpatt, Justin, “, ”, Saipin Chutima, Bill, Isabella Vosmikova, Andy Ricker, Chiang, Leah Nash, Chiang Mai, Hong Thaimee, Rather, ” Thaimee, Leela Punyaratabandhu, Punyaratabandhu, mok, We’ve, James Beard, it's, Mariah Tauger Organizations: CNN, Sherman Oaks, Disney, University of Nevada, Thai, Food, Lotus, White, Washington Post, Pichetrungsi, Los Angeles Times Locations: Los Angeles, L.A, Thailand, Asia, Las Vegas, Thai America, United States, Angeles, Central Thailand, Thai, Siam, Northern Thailand, White American, Portland , Oregon, Chiang Mai, Bangkok, America, New, Chicago, Heart, Malaysian, California

[1/6] A chef cooks tofu as he prepares a dish before the opening for dinner hour at Ukai, a traditional Japanese restaurant, in Tokyo, Japan, July 6, 2023. "There's no doubt rising wages and bonuses are among factors prodding customers to come dine with us despite the price hikes," said Ukai manager Yuka Hoshino. It is also drawing the attention of the Bank of Japan (BOJ), which is shifting away from its view the recent cost-driven inflation will prove temporary. "Japan is seeing early signs of progress in achieving inflation accompanied by higher wages," another source said, a view echoed by two more sources. The BOJ is changing its tone on the drivers of inflation and how they see progress made in sustainably hitting 2% inflation.

Persons: Kim Kyung, Hiroki Wakita, Yuka Hoshino, Kazuo Ueda, Teikoku Databank, Akihito Sato, Shohei Kanai, Ryozo Himino, Seisaku Kameda, Tetsushi Kajimoto, Sam Holmes Organizations: REUTERS, Reuters, Bank of Japan, Research, Workers, Thomson Locations: Tokyo, Japan, TOKYO, French, Ginza

☆ Here's why Ukraine needs the US Army Tactical Missile System to win the 'deep battle' against Russia
▼ + stars: | 2023-07-08 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +6 min

The US is considering providing ATACMS to Ukraine, according to a WSJ report. Kyiv has long sought ballistic missiles, which could strike targets far beyond the front lines. Kyiv has long been asking the US for the Army Tactical Missile System, or ATACMS, which has a range of about 190 miles and could be used to strike Russian targets far beyond the front lines, including Crimea. "ATACMS is a long-range guided missile that gives operational commanders the immediate firepower to win the deep battle," says its manufacturer, Lockheed Martin. The House Foreign Affairs Committee passed a resolution last week calling for ATACMS to be sent to Ukraine immediately.

Persons: Biden, Ben Hodges, Sergei Shoigu, Hodges, Lockheed Martin, Putin, ATACMS, Volodymyr Zelensky, Joe Biden, Brendan Smialowski, Abrams, James Risch Organizations: Kyiv, Washington DC, Service, Wall Street, Army Tactical Missile, Army, Russian, The Telegraph, British Storm Shadow, US High Mobility Artillery, Lockheed, Black, White, Getty, Politico, US, Pentagon, Foreign Affairs, GOP, Reuters Locations: Ukraine, Wall, Silicon, Crimea, Army Europe, Kherson, Kerch, Russia, Ukrainian, Odesa, Sevastopol, Washington , DC, Washington

☆ Meta Loses Appeal on How It Harvests Data in Germany
▼ + stars: | 2023-07-04 | by ( Adam Satariano | ) www.nytimes.com time to read: +3 min

Although the ruling applies only to Meta services in Germany, it is expected to influence other antitrust authorities in the European Union. antitrust law, called the Digital Markets Act, takes effect in the coming months and gives regulators new powers to encourage competition in the tech sector. The court said regulators investigating antitrust cases can also examine whether a company is breaking the European Union’s data protection law, called the General Data Protection Regulation, or G.D.P.R. After the company appealed the decision, it eventually landed before the European Court of Justice in Luxembourg. He has argued that Facebook uses the data it collects from users to strengthen its position over rivals, harming competition.

Persons: Meta, Andreas Mundt, Mundt, ” Mr, “ Organizations: European Court, Justice, Facebook, Big Tech, European Union, Markets, Data, Court of Justice, Amazon, Google Locations: Germany, European Union, Luxembourg

Search resuls for: "Emboldening"

25 mentions found