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☆ Fmr. FCC Chair Ajit Pai says the Supreme Court made 'the right call' in Big Tech decision
▼ + stars: | 2023-05-19 | 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 EmailFmr. FCC Chair Ajit Pai says the Supreme Court made 'the right call' in Big Tech decisionFmr. FCC Chair Ajit Pai joins 'Last Call' to discuss the big week for Big Tech including the ongoing A.I. boom, the Supreme Court's favorable ruling, and more.

☆ India inflation likely hit 18-month low in April - Reuters poll
▼ + stars: | 2023-05-10 | by ( Madhumita Gokhale | ) www.reuters.com time to read: +2 min

Predictions ranged from 4.40% to 5.80%, with respondents expecting inflation to remain below the RBI's 6.00% upper tolerance limit for the second consecutive month. "Food inflation was a mixed bag on the month, with cereals and vegetables easing, whilst pulses and milk rose. "With inflation off the boil besides core (inflation), the RBI is likely to remain on an extended pause." However, inflation was expected to remain well above the RBI's medium-term target of 4.0% in the coming quarters, according to a separate poll. The survey also showed wholesale price inflation (INWPI=ECI), which measures the change in producer prices, is likely to have fallen to -0.20% last month compared to a year ago.

☆ EU takes aim at Chinese firms in proposed new Russia sanctions - sources
▼ + stars: | 2023-05-08 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +5 min

A spokesman for the European Commission on Monday confirmed the proposal was sent out to member states and aimed at closing loopholes in Russia trade restrictions but declined to give detail. In what would be the EU's 11th package of sanctions against Russia since it invaded Ukraine in February, 2022, the bloc would introduce a new mechanism to cut its exports to third countries seen as involved in bypassing Russia sanctions. "It will be an empty vessels for now that can then be filled up as needed," said one EU diplomat. "The analysis... shows a sharp drop in direct exports from the EU to Russia following the introduction of sanctions in March 2022. "Both patterns are particularly pronounced for product groups partially or fully subject to the EU sanctions as well as goods that are similar to the sanctioned ones," the EBRD said.

BEIJING, May 8 (Reuters) - China's exports were expected to have risen again in April, albeit at a less robust pace than a month earlier, a Reuters poll showed, supported by unfulfilled orders after last year's COVID disruptions though slowing global growth is darkening the outlook. With many of China's major trade partners on the brink of recession, analysts remain wary about the outlook, noting that the stunning improvement in March partly reflects suppliers catching up with unfulfilled orders from last year's COVID disruptions. South Korean exports to China, a leading indicator of China's imports, were down 26.5% in April, continuing 10 consecutive months of decline. China's economy grew faster than expected in the first quarter thanks to robust services consumption, but factory output has lagged amid weak global growth. The government has set a modest GDP growth target of around 5% for this year, after badly missing the 2022 goal.

☆ Brussels plans to slap sanctions on Chinese companies aiding Russia’s war machine, Financial Times reports
▼ + stars: | 2023-05-07 | by ( ) www.reuters.com time to read: +1 min

May 7 (Reuters) - The European Union has proposed sanctions on Chinese companies accused of selling equipment that could be used in weapons to support Russia's war machine, the Financial Times reported on Sunday. Seven Chinese businesses have been listed in a new package of sanctions that will be discussed by EU member states this week, the report said, citing a copy of the sanctions list seen by the FT. According to the FT, the sanctions list includes two mainland Chinese companies, 3HC Semiconductors and King-Pai Technology, along with five from Hong Kong including Sinno Electronics, Sigma Technology, Asia Pacific Links, Tordan Industry and Alpha Trading Investments. Some companies like King-Pai Technology have already been placed under sanctions by the United States, which said it was a China-based supplier for multiple entities in Russia's military-industrial complex. Reporting by Jyoti Narayan in Bengaluru; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

The sanctions, imposed by the Treasury and State departments in concert with Britain, hit entities and individuals across over 20 countries and jurisdictions, including facilitators of sanctions evasion, the State Department said in a statement. Separately, the Treasury said it imposed sanctions on Russian financial facilitators and sanctions evaders around the world, including Turkey, United Arab Emirates and China-based people and companies. The Treasury also targeted King-Pai Technology HK Co, Ltd, which it said is a China-based supplier for multiple entities in Russia's military-industrial complex. Washington has not yet imposed sanctions on Rosatom itself. "It will always be a race between sanctions enforcement and sanctions evaders.

☆ Temasek hospital deal channels its Dr Resilience
▼ + stars: | 2023-04-11 | by ( Anshuman Daga | ) www.reuters.com time to read: +3 min

SINGAPORE, April 11 (Reuters Breakingviews) - Temasek is picking a good time to focus on health. The sovereign investor is taking control of Indian hospital operator Manipal for $2 billion. Others are on an Indian health drive too. Follow @anshumandaga on TwitterCONTEXT NEWSSingapore’s Temasek will buy an additional 41% stake in Manipal Health Enterprises, the unlisted Indian hospital chain said on April 10. After the deal closes, the Pai family’s Manipal Group will hold about 30% of Manipal Health.

☆ Temasek buys 41% stake in India's Manipal Health for $2 bln- source
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +1 min

MUMBAI, April 10 (Reuters) - Singapore-based sovereign wealth fund Temasek said on Monday that it is acquiring an additional 41% stake in India's Manipal Health Enterprises from investors including TPG, boosting its stake in one of the country's largest hospital chains to 59%. While Manipal did not specify the deal value, Temasek has paid about $2 billion for the additional stake, said a person with direct knowledge of the matter. Private equity firm TPG, an investor in Manipal since 2015, will fully exit its stake, though it will reinvest via a new fund. India's sovereign wealth fund, the National Investment and Infrastructure Fund (NIIF), will also sell its full stake to Temasek, while Manipal founder Ranjan Pai's family holding will reduce from about 50% to 30%. "By re-investing through our new Asia fund – TPG Asia VIII, we look forward to continuing to support Manipal's mission of bridging the quality healthcare infrastructure gap in the country," said Puneet Bhatia, co-managing partner of TPG Capital Asia.

A 25 basis-point rise would take Bank Rate to 4.25%, where most economists said it would stay for at least a year. But investors have turned more doubtful about the BoE's appetite for more rate hikes in recent days amid mounting anxieties about the global banking sector. Interest rate futures on Friday showed traders were putting a roughly 50-50 chance on the BoE maintaining Bank Rate at 4% next week. Investors expect a 25 basis-point rate hike from the U.S. Federal Reserve on Wednesday, a day before the BoE's announcement. Forty-two of 47 economists polled by Reuters between March 13-16 expected the BoE to announce a 25 basis-point hike, hold Bank Rate at 4.25% for at least year and then lower it.

☆ A disturbing image of an elephant with a deformed spine shows the brutal toll that tourist rides can have
▼ + stars: | 2023-03-10 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +2 min

Pictures of rescued elephants show the toll of the tourist trade on the hard-working animals. Unlike horses, elephants were not bred to be ridden and tourist treks can cause irreversible damage. Amy Jones/Moving Animals/WFFTPai Lin, the elephant shown on the left, was rescued after more than 25 years in the trekking industry. Boon Chuey, shown below, is another elephant whose spine was deformed by the tourist trade, per the WFFT. Amy Jones/Moving Animals/WFFT"It's important to understand that elephants, unlike horses, are not bred to be ridden.

Summary Poll dataBENGALURU, March 7 (Reuters) - India's housing market will remain resilient despite rising interest rates and a weak global economic outlook, according to a Reuters poll of property analysts who have barely changed their forecasts from three months ago. Defying a global trend of falling housing prices as mortgage rates rise and crimp affordability, India has exhibited resilience and is emerging from a decade-long downturn due to strong demand. A major source of employment in a country of 1.4 billion people where a majority are unskilled, the Indian housing market is likely to remain a stable contributor to economic activity in Asia's third-largest economy. A recent increase in unemployment also raises concerns about the sustainability of the current housing market trend. "Amid rising prices, affordability will only worsen in the coming quarters.

Gigi Sohn testifies during a Senate Commerce, Science and Transportation Committee confirmation hearing, examining her nomination to be appointed Commissioner of the Federal Communications Commission in Washington, D.C., February 9, 2022. Gigi Sohn, who was chosen by President Joe Biden to serve as telecommunications regulator to the Federal Communications Commission, said on Tuesday that she's withdrawing her nomination. After multiple hearings in the Senate Commerce Committee, it was still unclear if Sohn would have the votes for her nomination to pass the full Senate. During a 16-month battle with cable and media industry lobbyists, Sohn said she's been subject to "unrelenting, dishonest and cruel attacks" that have taken "an enormous toll" on her family. "And with the help of their friends in the Senate, the powerful cable and media companies have done just that."

Mortgage rates had been broadly declining since October but resumed their ascent in recent weeks on expectations the Fed will keep its federal funds rate higher for longer. While house prices probably had a bit further to fall, an overall housing shortage will broadly support these historically-elevated levels, Sunbury said. "We don't think affordability will return to its post-GFC levels or even its pre-pandemic average in the coming years." The 30-year fixed mortgage rate, currently at 6.5%, will average 6.35% this year, the poll found. (For other stories from the Reuters quarterly housing market polls:)Reporting by Indradip Ghosh and Prerana Bhat; Polling by Susobhan Sarkar and Sujith Pai; Editing by Hari Kishan, Ross Finley and Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

☆ At least two more Fed rate hikes and no cut this year, say economists: Reuters poll
▼ + stars: | 2023-02-14 | by ( Indradip Ghosh | ) www.reuters.com time to read: +4 min

All 37 who replied to an extra question said the bigger risk was the fed funds rate would peak even higher. That means the Fed is going to keep the policy rate at high levels for quite a bit longer." One-third, or 18 of those 54 economists, predicted the fed funds rate would peak at 4.75%-5.00% and hold there through the remainder of the year. The unemployment rate, currently at the lowest since 1969, was expected to climb to 4.8% in Q1 2024, by which time most economists were expecting at least one rate cut. Asked which was more likely to compel a rate cut, 21 of 35 economists said a significant fall in inflation, with 14 saying a significant rise in unemployment.

☆ European Central Bank to raise deposit rate to 3.25% by mid-year - Reuters poll
▼ + stars: | 2023-01-23 | by ( Jonathan Cable | ) www.reuters.com time to read: +3 min

ECB President Christine Lagarde and her Governing Council will take the deposit rate to 2.50% on Feb. 2, said 55 of 59 economists in the Jan. 13-20 poll. The central bank will then add 25 basis points next quarter before pausing, giving a terminal rate in the current cycle of 3.25%, its highest since late 2008. In December's poll, the rate was put at 2.50% at end-March and was seen topping out at 2.75%. Reuters Poll - ECB deposit rate outlookAsked how the risks were skewed to their terminal deposit rate forecasts, over two-thirds of respondents, 23 of 33, said it was more likely it ends higher rather than lower than they currently expect. The refinancing rate was expected to rise 50 basis points to 3.00% next week and reach a peak of 3.50% in March.

☆ Death toll from Tibet avalanche rises to 28
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Jan 21 (Reuters) - At least 28 people were killed in an avalanche in the city of Nyingchi in the southwestern region of Tibet, the official Xinhua news agency reported late on Friday. Fifty-three survivors were found, five of whom were seriously injured, Global Times reported, citing a local government official in the western Chinese region. read moreWith an altitude of nearly 4,500 metres (14,764 ft), Doxong La mountain has steep slopes and Doxong La section of the road is rugged. The avalanche was triggered by strong winds as the weather gets warm, Xinhua added. Reporting by Beijing newsroom; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ Malaysia central bank to hike rates to 3.00% on Thursday: Reuters poll
▼ + stars: | 2023-01-17 | by ( Sujith Pai | ) www.reuters.com time to read: +3 min

Bank Negara Malaysia (BNM) became in May last year one of the first Asian central banks to hike rates in the current cycle and has added a cumulative 100 basis points. Median forecasts in the poll showed inflation to average 3.0% this year, an upgrade from the 2.8% predicted in October. All but one of 27 economists in the Jan. 10-16 Reuters poll forecast the central bank to hike its overnight policy rate (MYINTR=ECI) to 3.00%, where it was before the pandemic, at its meeting on Jan. 19. While a slim majority of respondents, 13 of 24, expected rates to still be 3.00% at end-March, 10 of them had a 3.25% forecast. Nearly 60% of economists, 14 of 24, expected rates to reach 3.25% or above by end-June, a quarter point higher from a November poll.

☆ 23 of the best business apps for entrepreneurs that help with organization, connectivity, and mindfulness
▼ + stars: | 2023-01-09 | by ( Alexandra York | ) www.businessinsider.com time to read: +9 min

Digital tools such as apps have become a crucial part of running a business, founders told Insider. Many of these apps are free and help with tasks like organizing project timelines or meditation. Many of these apps are free or low-cost and help entrepreneurs with tasks like organizing project timelines, connecting with customers, and finding time for themselves. TikTok"I love TikTok for both life and business," Daphne Chen, the founder of the sexual-healthcare company TBD Health, said. CalmDiego Osorio, the founder of the tequila brand Lobos 1707, prefers the Calm meditation app for 20-minute meditations and stress management.

☆ A market downturn hasn't made activist investing any easier. Here's why.
▼ + stars: | 2022-12-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

But even with a market downturn, activist investors' campaigns haven't been the cakewalk some might expect. Insider's Daniel Geiger, Rebecca Ungarino, and Casey Sullivan spoke to industry insiders — including famed activist investor Carl Icahn — about why the current landscape isn't as accepting as some might think to activist campaigns. But when the going gets tough, the tough get going, and a difficult market environment doesn't mean we'll see the number of campaigns decrease. Click here to read more about why top activist investors like Carl Icahn say this line of work is riskier than ever. Here's a five-step plan to help you decide when that side gig you have should be the only gig you have.

☆ U.S. heading into shallow recession, no respite from rate hikes yet: Reuters poll
▼ + stars: | 2022-12-09 | by ( Indradip Ghosh | ) www.reuters.com time to read: +4 min

"Unless inflation recedes quickly, the U.S. economy still appears headed for some trouble, though possibly a little later than expected. Although the fed funds rate is expected to peak at 4.75%-5.00% early next year in line with interest rate futures, one-third of economists, 24 of 72, expected it to go higher. A large majority of economists, 35 of 48, said any recession would be short and shallow. Eight said long and shallow, while four said there won't be any recession. The U.S. unemployment rate (USUNR=ECI), which so far has stayed low, was expected to climb from the current 3.7% to 4.9% by early 2024.

BENGALURU, Dec 9 (Reuters) - Indian shares reversed early gains on Friday, dragged by information technology stocks, after HCL Technologies warned of a potential slowdown in client spending in the industry's key U.S. markets as recession fears weighed. read moreAll the top losers in the Nifty 50 index were information technology stocks, with HCL Tech, Infosys, Tech Mahindra, Wipro and TCS, leading the decline. Most of the other sectors, however, gained as an overnight slide in oil prices and the easing of China's COVID-19 curbs limited losses. The Nifty PSU (.NIFTYPSU) index rose over 1%, on course to advance for the seventh day in a row, if gains hold. Oil prices stabilised, but still hovered around 2022 lows, after slipping for the fifth day in a row on Thursday.

☆ Black Friday and Cyber Monday editors' picks: What our staff bought
▼ + stars: | 2022-11-30 | by ( Gabriella Depinho | Gabriella Depinho Is A Production Coordinator For Select On Nbc News. | ) www.nbcnews.com time to read: +12 min

Black Friday and Cyber Monday are two of the busiest shopping events of the year. Some of our staff purchased tried and true favorites that needed replacing, like beloved Lululemon running sneakers or perfume. I bought the Kalorik MAXX 10-in-1 because I have a large household and its 26-quart capacity can cook an entire rotisserie chicken. They’re lightweight yet supportive, and great for running outdoors or on the treadmill.” — Zoe Malin, associate updates editor“My brother and I bought this iPad for my mother's Christmas present. It also comes with a dishwasher-safe scraping tool for easy clean-up, says Cuisinart” — Mili Godio, associate reporter“I bought this cute toiletry bag that looks roomy.

If you were hoping to get some great electronics deals, a variety of Sonos devices are currently marked down. With that in mind, we’ve rounded up some of the best ongoing Sonos Cyber Monday deals to shop. Best Cyber Monday Sonos deals to shop nowBelow, we're sharing the best Sonos Cyber Monday deals based on our previous coverage and reporting. 4.7-star average rating from 6,772 reviews on AmazonThis sleek, wireless speaker delivers music, podcasts, radio and more with a rich, clear sound, says the brand. They can be placed around the room to deliver balanced sound, Sonos says, and offer Trueplay technology that adjusts the volume based on the acoustics of the room.

☆ 21 best Apple Cyber Monday deals live right now
▼ + stars: | 2022-11-27 | by ( Deanna Pai | ) www.nbcnews.com time to read: +9 min

If you’re still planning to get some great Apple deals, you’re in luck. SKIP AHEAD Best early Cyber Monday Apple sales to shop nowApple's ongoing Black Friday deal offers a gift card with each purchase of an eligible product. With that in mind, we’ve rounded up some of the best Apple Black Friday deals to shop. Best early Cyber Monday Apple deals to shop nowBelow, we're sharing the best Apple Cyber Monday deals based on our previous coverage and reporting. Best early Cyber Monday 2022 Apple salesHere are the best early Cyber Monday Apple sales we think you’ll want to know about.

The Nintendo Switch Black Friday Bundle, which pairs the console with a Mario Kart game and three-month online membership, all for the same price as the Nintendo Switch alone. Nintendo Switch BundleIf you want to introduce a loved one to the magic of the Nintendo Switch gaming — or just give it a try for yourself — then this bundle is a good place to start. Nintendo Switch accessories on saleTo ensure the quality of each deal, we’re running deals through price trackers like CamelCamelCamel and Honey — each product is at its lowest price in three months. 4.8-star average rating from 15,571 reviews on AmazonWhile the Nintendo Switch is famously portable, it can come with various accessories and games. Best Cyber Monday 2022 gaming salesHere are the best Cyber Monday gaming sales we think you’ll want to know about.

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