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☆ China's 'tepid' recovery hasn't helped global growth yet, says Aberdeen's Devan Kaloo
▼ + stars: | 2023-04-28 | 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 'tepid' recovery hasn't helped global growth yet, says Aberdeen's Devan KalooDevan Kaloo, Aberdeen global head of equities, joins 'Squawk on the Street' to discuss Kaloo's thoughts around recession, how long slower growth will affect the economy and what will spark a rise in property prices in China.

☆ Pentagon explains the mysterious Russian tank at a truck stop in Louisiana — saying it was disarmed and is going to an Army training center
▼ + stars: | 2023-04-19 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

A Russian T-90A tank was left at a casino and travel center in Roanoke, Louisiana last week. The Pentagon claimed ownership of the tank on Tuesday, The War Zone reported. It said it was on its way to a US Army training center when the truck carrying it broke down. "I've been here seven years," Valerie Mott, the assistant manager of the casino and travel center, told The War Zone. Its website says that the training center is "responsible for numerous technical achievements in military intelligence, medical research, engineering, and computer technology."

[1/2] Donald Trump (R) speaks to media mogul Rupert Murdoch as they walk out of Trump International Golf Links in Aberdeen, Scotland, June 25, 2016. REUTERS/Carlo AllegriApril 11 (Reuters) - A Fox Corp (FOXA.O) shareholder sued Chairman Rupert Murdoch and four other board members on Tuesday, saying they failed to stop Fox News from reporting falsehoods about the 2020 U.S. presidential election that damaged its credibility and prompted lawsuits. The lawsuit seeks damages for the company from Rupert Murdoch, his son and Fox Chief Executive Lachlan Murdoch, and fellow directors Chase Carey, Roland Hernandez and Jacques Nasser. Fox has argued that election-rigging claims by Trump and his lawyers were inherently newsworthy and protected by legal doctrines concerning press freedom. The shareholder lawsuit cited filings in the Dominion lawsuit, which said Murdoch had acknowledged under questioning from Dominion lawyers that some Fox hosts had "endorsed" the idea that the election was stolen.

☆ Fact Check-Majority of US mass shooters are cis men, not transgender or non-binary people
▼ + stars: | 2023-03-31 | by ( Reuters Fact Check | ) www.reuters.com time to read: +5 min

Data collection on mass shootings varies by methodology, but experts told Reuters data shows the majority of mass shootings are carried out by cisgender men. One tweet said: “The Colorado Springs shooter identified as non binary. NOT THE MAJORITYCalculating exact percentages when it comes to mass shooting statistics in the U.S. varies by way of counting, as organizations define mass shootings in different ways. Its definition of mass shooting is four or more people shot resulting in injury or death (excluding the perpetrator). Most mass shootings or violent gun attacks in the U.S. carried are out by cisgender men.

☆ Scotland's next leader to be announced with independence movement in crisis
▼ + stars: | 2023-03-26 | by ( Andrew Macaskill | ) www.reuters.com time to read: +4 min

[1/3] Scotland's Health Minister Humza Yousaf and Scotland's Finance Minister Kate Forbes, contenders to become the leader of the Scottish National Party (SNP) and Scotland's First Minister, attend the SNP leadership hustings, in Aberdeen, Scotland, Britain, March 12, 2023. REUTERS/Craig Brough/PoolLONDON, March 27 (Reuters) - The next leader of Scotland will be announced on Monday with the victor facing the challenge of uniting a country divided over its future and revitalising an independence movement that dreams of ending its three-centuries-long union with England. The Scottish National Party (SNP), which runs Scotland's semi-autonomous government, has been plunged into crisis since Nicola Sturgeon, the country's longest-serving leader, announced last month she was standing down after eight years, saying she had become too divisive to lead the nation to independence. Britain's vote to leave the European Union two years later when a majority of Scots wanted to stay, and Scotland's handling of the coronavirus pandemic brought new support for independence. However, an opinion poll showed the backing for independence dropped to 39% this month after touching a record 58% in 2020.

LONDON, Feb 28 (Reuters) - British asset manager abrdn (ABDN.L) fell to a full-year pretax loss and reported a slide in client funds for 2022, as global markets turmoil and runaway inflation weighed on its finances. Abrdn reported a 615 million pound ($741 million) pretax loss for the year ended Dec. 31, compared to a 1.1 billion pound profit the prior year. Abrdn's assets under management fell 8% to 500 billion pounds from 542 billion pounds, while the company reported a further year of net outflows of client funds. The company also said it had agreed to sell its discretionary fund management arm abrdn Capital to Liechtenstein-based private bank LGT for 140 million pounds. The sale involves the transfer of around 6.1 billion pounds of assets and about 140 employees, the company said.

☆ More colleges set to close even as top schools experience application boom
▼ + stars: | 2023-02-22 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Citing inflationary pressures and sinking enrollment, more colleges are set to close in 2023. Already, Presentation College in Aberdeen, South Dakota; Cazenovia College in Cazenovia, New York; Holy Names University in Oakland, California; and Living Arts College in Raleigh, North Carolina announced they will shut down after the current academic year. The consequences of fewer students and less tuition revenue since the start of the pandemic have been severe, according to Kristin Reynolds, a partner and leader of NEPC's Endowments and Foundations practice. "Larger institutions can weather the storm," she said. Meanwhile, the country's most elite institutions are thriving.

☆ Trump's Scottish golf courses recorded more losses in 2021
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +1 min

LONDON, Feb 2 (Reuters) - Former U.S. President Donald Trump's two Scottish golf courses lost 4.4 million pounds ($5.44 million) in 2021, according to accounts released on Thursday, continuing a consistent run of red ink at the clubs under his ownership. SLC Turnberry Ltd., which manages the famed Turnberry golf resort, said closure for part of the year due to the COVID-19 pandemic contributed to pre-tax losses of 3.7 million pounds. Trump International Golf Club Scotland Ltd, which operates a club Trump built north of Aberdeen, reported a pre-tax loss of 697,000 pounds. The results were helped by the companies receiving just over 1 million pounds in COVID payroll support from the UK government. ($1 = 0.8081 pounds)Reporting by Tom Bergin; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Aberdeen sack manager 19 minutes after thrashing
▼ + stars: | 2023-01-28 | by ( ) www.reuters.com time to read: +1 min

Jan 28 (Reuters) - Scottish Premier League side Aberdeen took just 19 minutes to sack manager Jim Goodwin after a 6-0 hammering at Hibernian on Saturday continued the club's woeful form. Goodwin was hanging on to his job after Aberdeen suffered a humiliating Cup defeat to sixth-tier Darvel on Monday and the latest capitulation proved the final straw. In a statement on the club's website, Aberdeen Chairman Dave Cormack did not mince his words. He has given it everything he can give it, but the simple facts are that the results since coming back from the World Cup break have been wholly unacceptable and the away form is utterly abysmal. Aberdeen are seventh in the table having conceded 11 goals in their last two league games.

Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals. Last year the North Sea Transition Authority (NSTA), which regulates offshore energy activity, concluded that large crossovers between such ventures were unfeasible with current technology. This largely unreported clash risks undermining Britain's drive to meet its climate goals, according to the companies involved and a North Sea green transition expert. The BP-Orsted showdown could also presage similar disputes elsewhere in an increasingly crowded North Sea, the experts told Reuters. There is hope on the horizon for wind and CCS projects that share ground, say regulators and industry experts.

☆ Exclusive: Harbour Energy to cut jobs due to UK windfall tax
▼ + stars: | 2023-01-18 | by ( Ron Bousso | ) www.reuters.com time to read: +3 min

The jobs would be cut in Harbour Energy's headquarters in the North Sea hub of Aberdeen, Scotland, but the extent of the cuts is yet to be determined and will be subject to consultations. Harbour Energy Plc has 1,700 employees worldwide, according to its website. Executives in North Sea companies have urged the British government to introduce a price floor to mitigate the impact of the windfall tax as firms struggle to access new funding. Industry group OEUK said in response to Harbour's announcement that the windfall tax will further undercut spending. Companies including Shell Plc (SHEL.L) and Equinor ASA (EQNR.OL) have already said they will review their North Sea investments.

☆ Platinum prices are soaring. These buy-rated stocks with upside could be a way to cash in
▼ + stars: | 2023-01-10 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Prices of platinum , which is used in everything from jewelry to fuel cells, are soaring. The Aberdeen Standard Platinum Shares ETF , the GraniteShares Platinum Trust and the iPath Series B Bloomberg Platinum Subindex Total Return ETN are among the funds that track the metal. The Aberdeen Standard Platinum Shares ETF, for instance, rose 10% — jumping over 20% in the last six months alone. It has the highest buy rating — from more than 75% of analysts — according to FactSet. Analysts give Glencore an average 17% upside to its current share price, according to FactSet data.

LONDON, Dec 7 (Reuters) - British finance minister Jeremy Hunt will meet leaders of North Sea oil and gas producers on Friday to discuss the government's windfall tax, three industry sources told Reuters on Wednesday. The government said the levy would raise funds to help people struggling with increased living costs, largely driven by energy prices that surged after energy exporter Russia invaded Ukraine in February. A Treasury source confirmed Hunt would meet oil and gas executives this week. Benchmark Brent oil prices traded below $80 a barrel, the lowest since January and far below a spike well above $100 shortly after the Ukraine war began. Natural gas prices remain above their historical average .

4 U.S. soy state by planted acres, which ships about 70% of its harvest of the high-protein oilseed to China annually. Instead, the new facilities will be able to process half of the state's soy harvest into oil for biofuel and meal for livestock feed. The crush plant will draw soybeans from farmers 60 miles in each direction, said Mike Keller, vice president with ADM. EXPORT EXPANSIONU.S. grain exports have been reaching global buyers for decades via Gulf Coast and Pacific Northwest terminals. U.S. soybean farmers and industry groups pledged an additional $1.3 million to help offset design and development costs.

☆ The 'world's largest floating wind farm' produces its first power
▼ + stars: | 2022-11-14 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +4 min

A facility described as the world's largest floating wind farm produced its first power over the weekend, with more turbines set to come online before the year is out. The use of a floating wind farm to help power the production of fossil fuels is likely to spark some controversy, however. Earlier this year, meanwhile, the White House said it was targeting 15 gigawatts of floating offshore wind capacity by the year 2035. As well as the 15 GW ambition, a "Floating Offshore Wind Shot" aims to reduce the costs of floating technologies by over 70% by the year 2035. "Bringing floating offshore wind technology to scale will unlock new opportunities for offshore wind power off the coasts of California and Oregon, in the Gulf of Maine, and beyond," the statement added.

☆ Startups, Investors Bet on Remote Work Future
▼ + stars: | 2022-11-03 | by ( Angus Loten | ) www.wsj.com time to read: +6 min

Even as more employers signal an end to remote work, tech startups and their investors are betting that it is here to stay, offering a range of digital tools designed to support a permanent workforce outside of the office. “Investors are super-pumped on remote,” Mr. Salam said. “Remote work is a durable phenomenon,” said Ravi Gupta, a partner at Sequoia who led the firm’s investment in Remote. Mr. Riggs said Frameable currently has hundreds of commercial customers, who rent its software with rates varying by the number of users. “I may be a bit biased, but I absolutely believe remote work is here to stay,” said Remote’s Mr. van der Voort.

[1/2] Chief Financial Officer of HSBC Georges Elhedery poses for a photo in this undated handout picture. It’s also surprised investors and raised questions about HSBC’s direction. Known at HSBC (HSBA.L) for his strategic vision more than for his accounting skills, Elhedery has climbed the ranks of HSBC’s investment bank since joining in 2005. "It was a surprise to us,” said Hugh Young, Asia chairman of Aberdeen Standard Investments, one of HSBC's top 25 shareholders. CEO Noel Quinn has done a good job but investors are impatient for faster progress, Young said.

☆ Fox News owner Rupert Murdoch shared his succession plans for his media empire with Donald Trump, book says
▼ + stars: | 2022-09-29 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

Fox News owner Rupert Murdoch attended a 2017 meeting with Donald Trump, a new book says. At the meeting, Murdoch shared his succession plans, says the book by Maggie Haberman. CNN's "Reliable Sources" newsletter on Wednesday published extracts from "Confidence Man," New York Times reporter Maggie Haberman's new book about Donald Trump. "'It's going to become too liberal when James [Murdoch] takes over,'" Trump reportedly told Murdoch, referring to the media magnate's son, who was widely expected to take over from his father. Donald Trump with Rupert Murdoch at one of his golf courses near Aberdeen, Scotland in 2016.

☆ Trump spoke about his years-long crusade to block a wind farm near his Scottish golf resort with UK PM Theresa May: book
▼ + stars: | 2022-09-28 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Trump asked UK Prime Minister Theresa May about one of his private golf courses, per a new book. Trump spoke about his years-long effort to block an offshore wind farm near one of his Scottish courses. Trump fought for years to block the development of an off-shore wind farm in the vicinity of his Trump International Golf Links, Scotland course near Aberdeen. In 2019, the Trump Organization was ordered to pay $290,000 to the Scottish government after losing a legal battle. Trump first met with May at the White House in January 2017 just days after he was sworn into office.

☆ University of Cambridge says it gained from slave trade
▼ + stars: | 2022-09-22 | by ( ) www.nbcnews.com time to read: +4 min

Cambridge said an investigation it commissioned had found no evidence that the university itself ever owned slaves or plantations directly. Those came from university benefactors who had made their money from the slave trade, the university’s investments in companies that participated in it, and fees from plantation-owning families, according to the investigation’s report. Researchers found that fellows from Cambridge colleges were involved with the East India Company, while investors in the Royal African Company also had links to Cambridge — two companies both active in the slave trade. “Such financial involvement both helped to facilitate the slave trade and brought very significant financial benefits to Cambridge,” the Legacies of Enslavement report said. The university said it had also received a donation to commission a Black British artist to memorialize Black Cambridge scholars, and will install explanatory plaques to contextualize older statues of those associated with the slave trade.

☆ This couple bought and renovated a 109-year-old mansion for less than $500,000. Now it's worth $900,000–take a look inside
▼ + stars: | 2022-05-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

When Abby Brothers first saw the Page Mansion listed for sale online, she knew she had found a forever home. Abby and Trey Brothers found the listing for the 109-year-old Page Mansion on Zillow before the couple moved in 2018. Here's how they found and developed a vision to transform the vacant house into their DIY dream home. When Abby and Trey went to see the home in person, remains of that history were scattered throughout the vacant mansion. The couple spent $268,000 renovating the Page Mansion, keeping much of the house's old features, furnishing and even furniture.

☆ I moved from a big city to a small town in North Carolina for a job and regretted it immediately
▼ + stars: | 2022-04-27 | by ( Alexis Lawson | ) www.businessinsider.com time to read: +6 min

Lawson felt isolated in the small town where golf courses outnumbered people who looked like her. After receiving my bachelor's degree in December 2019, from Appalachian State University, I began scrolling through LinkedIn job listings. ArtistYear is a yearlong program in which recent grads in the arts go to low-income schools and teach their practice. There was a six-month gap between getting the offer and moving to start my job, so I moved back to Charlotte temporarily. I had spent a year at Appalachian State University in Boone, another small North Carolina town, so I thought I was prepared.

☆ How I Built a Profitable Online Course Business That Made 7 Figures
▼ + stars: | 2022-04-19 | by ( Amber Sunner | ) www.businessinsider.com time to read: +5 min

The pair started an SEO agency, which they sold, and built an SEO online course for entrepreneurs. Webster shares what they learned from their first business to build a seven-figure online course. Our knowledge of SEO, website building, and click-through links was more profitable to entrepreneurs than providing it as a service. We started a new business educating other entrepreneurs on how to build their own website domains at varying stages of growth. A year in, we narrowed our business focus to building email lists — a useful way for a small business to generate sales.

În anul 2019, Moldova a produs 60,5 de mii de tone de carne, potrivit Biroului Național de Statistică (BNS). Companiile de producere a cărnii sunt vizitate regulat de comisii internaționale care verifică procesul, pentru a stabili compatibilitatea unui produs cu standardele europene. „Deocamdată, nu satisfacem cerințele necesare pentru exportul în Uniunea Europeană, atât de carne, cât și de ouă și lapte”, remarcă Iuliana. Soluții: carne în „eprubetă”Pentru a reduce consumul mult prea mare de carne, în 2012, autoritățile din Argentina au lansat o mișcare care încurajează oamenii să renunțe la carne o dată pe săptămână. În 2018, rețeaua globală de imobiliare WeWork a introdus o tactică pentru a susține consumul mai mic de carne în interiorul companiei.

Persons: Artur Gorea Iuliana, Artur Gorea, Artur, Aberdeen Angus, El, Mariana Rufa, Iuliana Cantaragiu, Iuliana, Veterinară, Alexandru Novițchi, Peștereanu, Mihaela, Iuliana Cataragiu, Miguel McKelvey Organizations: Uniunii Europene, Ministerul, Uniunea Europeană, WeWork Locations: Budăi, Telenești, România, Aberdeen, Moldova, Orhei, Republica Moldova, Rusia, Ucraina, Moldovei, UE, Republicii Moldova, SUA, Rogob, Argentina, Canada, Belgia, Australia, Olanda, Memphis, America

☆ Donald Trump just broke ground on a new golf course — even though they tend to lose millions each year. Take a look inside his 15 clubs around the world.
▼ + stars: | 2020-09-30 | by ( Jordan Pandy | Libertina Brandt | Dominic-Madori Davis | ) www.businessinsider.com time to read: +2 min

Former President Donald Trump owns 19 golf courses around the world. This month, Trump flew to Scotland to break ground on his newest course in Aberdeen, Scotland. According to a New York Times investigation, his 15 courses combined lost more than $315.6 million between 2000 and 2020. In addition, he's lost $63.6 million on his golf courses in the British Isles THIS INCLUDES SCOTLAND? Insider compiled a list of Trump's 15 open and operating golf courses, along with their amenities, from The Trump Organization DID WE HAVE ANY OTHER SOURCES?.

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