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That morning, local villager Zaw Zaw says he woke at his parents’ home in Myauk Khin Yan to the sound of gunfire. A Myanmar military jet flies overhead after bombing the quarters of Karenni Nationalities Defence Force (KNDF), in Kayah state, Myanmar on July 6, 2022. Following the executions, Zaw Zaw said the militia “locked down” the village and threatened to kill those who left. Multiple villagers who spoke to CNN consistently said Myauk Khin Yan has been a militia stronghold since the 2021 coup. Phoe Ei Thu, 17, lost her leg to a landmine while fleeing Myauk Khin Yan in early January.
Persons: dehumanized, Phoe Tay, Phoe, Volker Türk, , Min Aung, Aung, Suu Kyi, ” Yaw, Myauk, “ Yaw, guerre, Soldiers, “ Ninja ”, Myo Satt Hla, ” Ninja, , ” Yaw Lay, Zaw Zaw, , Myauk Khin Yan, ” Zaw Zaw, , Kaung Zaw Hein, ” Kim Jolliffe, Kim Jolliffe, Yan, Khin Yan, Yaw Lay, Stringer, NurPhoto, Jolliffe, Hla, Mai Thomas, Ei, It’s, Kim Jolliffe “, Ei Thu, Richard Horsey, Matt Lawrence, ” Horsey, Thierry Falise, ” Miemie Winn Byrd, hasn’t, Khung Aung, Lawrence, Min Aung Hlaing, Miemie Winn Byrd, Daniel K, Inouye, “ You’re, ” Byrd, Byrd, There’s, they’ve, Soe Lin Aung,  Organizations: CNN, People’s Defence Force, United Nations Human, ” CNN, Army, National League for Democracy, Yaw Defense Force, Karenni Nationalities Defence Force, Burma Affairs, Union Solidarity and Development Party, ISIS, UN, Association for Political, Getty, Information Resilience, Myanmar Witness, Human Rights, Junta, US Army, Pacific Center for Security Studies Locations: Myanmar, Phoe Tay, Thar, Aung San, Chin, Myauk Khin, Gangaw, Magway, Loikaw, Kayah, Myauk, Gangaw Township, Magway Region, Khin, Yangon, United States, United Kingdom, Shan, Thantlang, Chin State, AFP, Inouye Asia, Sagaing
Dollar dips, yen draws support from Tokyo's jawboning
  + stars: | 2024-03-26 | by ( ) www.cnbc.com   time to read: +3 min
The dollar was on the back foot on Tuesday, owing to profit taking and pressured in part by a slightly stronger yen as Japanese government officials continued with their jawboning to defend the currency. The dollar was on the back foot on Tuesday, owing to profit taking and pressured in part by a slightly stronger yen as Japanese government officials continued with their jawboning to defend the currency. "But it's even tougher for the (dollar) to weaken when other central banks were sounding more dovish than a dovish Fed." The dollar index was last 0.02% lower at 104.20, while the euro rose 0.03% to $1.0840. "While they say that the fundamentals don't justify the price, the market's telling them something else," said IG's Sycamore.
Persons: he's, Tony Sycamore, Thierry Wizman, Shunichi Suzuki Organizations: New Zealand, Federal, IG, FX, Macquarie, Fed, Japanese Finance, Bank of Japan's Locations: U.S, Japan, United States, Sycamore
London CNN —The European Union has launched investigations into Apple, Google and Facebook parent Meta on suspicion that they are failing to comply with a new landmark European law designed to promote competition in digital services. The European Commission said it “suspects” that various practices by all three companies “fall short of effective compliance” with the Digital Markets Act (DMA), which went into effect earlier this month. If the probes find a “lack of full compliance,” they could face “heavy fines,” said European Commissioner Thierry Breton. The practices the European Commission is investigating include what it calls Meta’s “pay or consent” approach. Last October, Meta (META) launched a subscription service, called “Subscription for no ads,” allowing European users of Facebook and Instagram to pay up to €12.99 ($14) a month for ad-free versions.
Persons: , , Thierry Breton, Elon Musk’s, Meta’s, Meta’s ‘ Organizations: London CNN, European Union, Apple, Google, European Commission, Digital Markets, Microsoft, Commission, Meta, Facebook, CNN
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're at the start of a huge AI investment cycle, says BofA's Ohsung KwonThierry Wizman, Macquarie global interest rates & currencies strategist and Ohsung Kwon, Bank of America senior U.S. equity strategist, join 'Closing Bell Overtime' to talk the day's market action.
Persons: BofA's Ohsung Kwon Thierry Wizman, Ohsung Kwon Organizations: Bank of America Locations: Macquarie
Flower Arrangements Are Reaching New Heights
  + stars: | 2024-03-15 | by ( Alice Cavanagh | ) www.nytimes.com   time to read: +2 min
“I have so much admiration for florists who can make haphazard, wild arrangements,” says Miguel Yatco, 30, the floral artist behind the Brooklyn-based studio Agos Muni. If last summer saw the culmination of a trend for sprawling, low-lying floral landscapes, Yatco’s work represents an aesthetic about-face. But these works are also defined by their height, their long stems often extending above or through equally elongated vessels. Compared to the bouffant-like silhouettes of Bosschaert’s assemblages, Boutemy’s were narrow, continuing the line of the cylindrical Venetian bubble-glass vases that held them. “Rigor and clarity are the most important things,” Boutemy says, and an elongated shape means “each flower remains visible and each gives strength to another.”
Persons: florists, , Miguel Yatco, Agos Muni, Jacqueline Sullivan —, Thierry Boutemy, Ambrosius Bosschaert, ” Boutemy Organizations: Flemish Locations: Brooklyn, York, Paris, Brussels, Wan
One AI expert said it risks creating "AI policy tax havens" as countries try to attract investment. "Europe is NOW a global standard-setter in AI," Thierry Breton, the European internal market commissioner, said on X. Other countries, including China, have already brought in rules around specific uses of AI. AdvertisementThe legislation has been questioned by some commentators, such as AI and deepfakes expert Henry Ajder, who called it "very ambitious." The EU legislation plans to assign the risks of AI applications into three categories, with applications that cause unacceptable risk set to be banned.
Persons: , Thierry Breton, Henry Ajder, Neil Serebryany, Avani Desai, Schellman, Marcus Evans, Norton Rose Fulbright Organizations: EU, Intelligence, Service Locations: Europe, China, EU, California
Europe investigates Big Tech’s use of generative AI
  + stars: | 2024-03-14 | by ( Brian Fung | ) edition.cnn.com   time to read: +3 min
Regulators at the European Commission say they’re particularly concerned about how generative AI could sow chaos in the run-up to this summer’s EU parliamentary elections. Online platforms will have until April 5 to respond to questions about steps they’ve taken to prevent AI tools from spreading election misinformation. The companies’ responses could be incorporated into a series of election security guidelines for tech platforms the European Commission plans to finalize by March 27, another commission official said. The AI investigation also covers a broader set of topics including how platforms are addressing generative AI’s impact on user privacy, intellectual property, civil rights and children’s safety and mental health. “One of the grievances we have is the ability to manipulate the service through automated means and this can include generative AI, so yes, there’s a link to the ongoing investigation,” one of the commission officials said.
Persons: , , Linda Yaccarino, Thierry Breton Organizations: CNN, European Union, Meta, Microsoft, Commission, Digital Services, Elon Locations: Israel, EU
Just_super | E+ | Getty ImagesThe European Union's parliament on Wednesday endorsed the world's first major set of regulatory ground rules to govern the mediatized artificial intelligence at the forefront of tech investment. President of the European Parliament, Roberta Metsola, described the act as trail-blazing, saying it would enable innovation, while safeguarding fundamental rights. "Artificial intelligence is already very much part of our daily lives. Born in 2021, the EU AI Act divides the technology into categories of risk, ranging from "unacceptable" — which would see the technology banned — to high, medium and low hazard. "The AI Act is not the end of the journey, but, rather, the starting point for a new model of governance built around technology.
Persons: Thierry Breton, Roberta Metsola, Dragos, Tudorache Organizations: Intelligence, Wednesday, EU, European, Union, Digital Markets, — U.S, Apple, Meta, Microsoft, Google, Nvidia Locations: Europe, Germany, France, U.S, India
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect the Bank of Japan to exit negative rates in April: Macquarie Group strategistThierry Wizman, global interest rates and currencies strategist at Macquarie Group, discusses how wage growth in Japan could affect the central bank's monetary policy.
Persons: Thierry Wizman Organizations: Bank of Japan, Macquarie Group Locations: Japan
Apple relenting means Epic will be able to bring “Fortnite” back to iPhones in Europe, Epic said in a blog post. “Apple has told us and committed to the European Commission that they will reinstate our developer account. Apple said it reached the decision “following conversations with Epic” in which Epic committed to following Apple’s new EU-focused policies. “Epic Sweden AB has been permitted to re-sign the developer agreement and accepted into the Apple Developer Program,” Apple said in a statement. Epic CEO Tim Sweeney wrote back to Apple promising to abide by its terms, but Apple rescinded the developer account anyway.
Persons: , Fortnite, Fortnite ”, Apple, ” Apple, Thierry Breton, Tim Sweeney, Organizations: CNN, Apple, European Union, European Commission, Markets, Apple Developer, EU Locations: Europe, iPhones, pushback
The 25-year-old’s double led the French side to a 2-1 victory over Real Sociedad in San Sebastián, Spain, giving it a 4-1 victory on aggregate over the two legs of their round-of-16 clash. Such was the power of his goal that the strike actually broke the net, leaving a hole behind between post and net. Mbappé doubled PSG’s lead on the night and effectively finished off the tie 11 minutes after halftime with another trademark goal. Mbappé scores PSG's second goal against Real Sociedad. Alvaro Barrientos/APAlthough Mikel Merino scored late on to give Real Sociedad some consolation, the evening was all about Mbappé and his excellent outing.
Persons: Kylian Mbappé, Germain, Mbappé, Alejandro Remiro, Alvaro Barrientos, Mikel Merino, “ We’re, , ” Mbappé, Luis Enrique lauding, ” Enrique, France’s, Mbappé –, Harry Kane, Erling Haaland, Rio Ferdinand, , … Mbappé, don’t, Mbappé’s, ’ ”, Owen Hargreaves, Thierry Henry, Ronaldo Nazario, Hargreaves Organizations: CNN, Paris Saint, Champions League, Real Sociedad, PSG, Real Madrid, Bayern Munich, Manchester United, TNT Sports, France Locations: Paris, San Sebastián, Spain, , England
Pascal Le Segretain/Getty ImagesEqually at Rabanne, tartan blazers were given a grungier edge with leather-trimmed sleeves and fasteners. The rise of ‘Les People’Traditionally, showing interest in celebrities (“Les people” in Parisian slang) was a big no-no amongst the proudly snobby French fashion press. For busy women, multitasking women, women who can. Pascal Le Segretain/Getty ImagesStockman-style coats in colored, patent and soft leather were everywhere at Chloé, as were thigh-high boots and wafting, chiffon dresses. Pascal Le Segretain/Getty ImagesTraditional preppy skirt suits were given an edge with "Miss Dior" emblazoned in a graffiti style scrawling.
Persons: Saint Laurent, , Wim Wenders, , ” Balmain’s, Ester Manas, Nina Ricci, Kate Moss, Denise Ohnona, Serre, Arnel Dela, Alessandro Vigilante, , Coco, Kroes, Pascal Le Segretain, Chemena, Sienna Miller, Gaby Aghion, preppy Kristin Scott Thomas, Miu Miu, Farida Khelfa, Carine, Julia Roitfeld, Victoria Beckham, Anna, Pat Cleveland, Jerry Hall, Georgia Jagger, Kiernan Shipka, Georgia May Jagger, Julien de Rosa, ’ ’, Charles de Vilmorin, Aldama, Loewe, Dior ” —, Jackie O, Salma Hayek, Kim Kardashian, Naomi Campbell, Penelope Cruz, Hari Nef, Emily Ratajkowski, Victor Aubry, Sipa, JM Haedrich, Alexandre Maras, Louise Trotter, Sophie Abriat, Valentino, Givenchy, Laurent, Demna, BFRND, scupltor, Jaanisoo, Rémy Brière, Nicolas Di Felice, Louis Sullivan, Justin Shin, McQueen, Seán, Ib Kamara’s, Nicolas Ghesquière, Louis Vuitton, Stockman, Jonas Gustavsson, Coco Chanel, Casey Cadwallader's, Albert York, Dior, Victor Virgile, Kristin Scott Thomas, Miu, Olivier Rousteing, Ik Aldama, Chloe —, Miller's, Arnold Jerocki, Filippo Fior, Gonzalo Fuentes, Thierry Chesnot, Ester Manas's Organizations: CNN, Paris, Paris CNN —, Eiffel, Saint Laurent Museum, Chloé, Victoria, Getty, Loewe, Dior, Monde, Saint Laurent, The Washington Post Locations: Paris, Trocadero, British, Deauville, Normandy, Mugler, Chloé, Georgia, AFP, Balenciaga, Chanel, Estonian, Courrèges, Dior
Read previewGerman Chancellor Olaf Scholz has been criticized for a "flagrant abuse of intelligence" after he appeared to suggest British and French soldiers had been helping Ukraine fire missiles they had supplied. "German soldiers must at no point and in no place be linked to targets this system reaches," he added. A German government spokesperson told Business Insider they had no comment on the reports. Thierry Wurtz/MBDAIn May 2023, the UK became the first country to begin sending Ukraine long-range missiles with the delivery of long-range Storm Shadow missiles. According to the Atlantic Council think tank, they enable Ukraine to target ammunition depots and command posts deep inside Russian territory.
Persons: , Olaf Scholz, Scholz, Ben Wallace, Tobias Ellwood, Thierry Wurtz Organizations: Service, Business, Storm, Associated Press, Telegraph, Former UK, of Commons Defence, British Ministry of Defence, Armed Forces of, Rafale, Atlantic Council, Fleet, BBC Locations: Ukraine, Germany, Britain, France, Europe, Russia, Armed Forces of Ukraine, Sevastopol
How Hermès became the ultimate status symbol
  + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +11 min
A cashmere throw blanket splashed with the letter H. For years, Hermès' iconic products have been coveted by those in the know. Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.
Persons: Hermès, Louis Vuitton, LVMH, Kering's, hasn't, it's, Axel Dumas, Simeon Siegel, Siegel, Birkin, , waitlists, Edward Berthelot, there's, Hitha Herzog, Nicole Pollard Bayme, Kelly, Versace, Herzog, Gucci, Saint Laurent, Bernstein, Luca Solca, Chanel, Solca, Winston Chesterfield, Barton, That's, Williamsburg , Brooklyn —, Axel, Pierre, Alexis Dumas —, Bernard Arnault's LVMH, Dumas, Barton's Chesterfield, They've, Cousins Axel Dumas, Alexis Dumas, Rodrigo Vaz, Thierry Hermès, they've, We're Organizations: BMO Capital Markets, Capri Holdings, North, Gucci Locations: Hermès, London, China, France, Louviers, Ardennes, New Aquitaine, Aspen , Colorado, Naples, Florida, Nanjing, Princeton , New Jersey, Williamsburg , Brooklyn
How Hermes Became the Ultimate Status Symbol
  + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +11 min
Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "The curse of retail is everyone chases more," Simeon Siegel, a senior retail analyst at BMO Capital Markets, told Business Insider about luxury brands. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.
Persons: Hermès, Louis Vuitton, LVMH, Kering's, hasn't, it's, Axel Dumas, Simeon Siegel, Siegel, Birkin, , waitlists, Edward Berthelot, there's, Hitha Herzog, Nicole Pollard Bayme, Kelly, Versace, Herzog, Gucci, Saint Laurent, Bernstein, Luca Solca, Chanel, Solca, Winston Chesterfield, Barton, That's, Williamsburg , Brooklyn —, Axel, Pierre, Alexis Dumas —, Bernard Arnault's LVMH, Dumas, Barton's Chesterfield, They've, Cousins Axel Dumas, Alexis Dumas, Rodrigo Vaz, Thierry Hermès, they've, We're Organizations: BMO Capital Markets, Capri Holdings, North, Gucci Locations: Hermès, London, China, France, Louviers, Ardennes, New Aquitaine, Aspen , Colorado, Naples, Florida, Nanjing, Princeton , New Jersey, Williamsburg , Brooklyn
An Air Serbia flight knocked into runway lights as it took off on Sunday, sustaining heavy damage. It flew for about an hour before finishing an emergency landing at high speed, flight data shows. Right: An earlier iteration of the same flight shows the aircraft using the full runway length. AdvertisementAs the E195 departed Belgrade's Nikola Tesla Airport, the bottom of its fuselage hit a set of runway lights for an opposite runway, per Tango Six. It then immediately began descending, looping around the area for the next 40 minutes before making its emergency landing, per FlightRadar24.
Persons: , Nikola Tesla, Thierry Monasse, TangoSix, It's, Belgrade Nikola Tesla Organizations: Air, Service, Air Serbia, Greek, Marathon Airlines, Embraer E195LR, Sunday, Press, Belgrade Nikola, Business Locations: Air Serbia, Belgrade, Serbia, Düsseldorf, Germany
CNN —The People’s Choice Awards often serve up one of the year’s most entertaining red carpets. Michael Tran/AFP/Getty ImagesLaverne Cox always brings drama to the red carpet — as did the late fashion designer Thierry Mugler. Ice SpiceIce Spice's outfit certainly stood out on the red carpet, mixing colors, textures, patterns and styles. Michael Tran/AFP/Getty ImagesThere are few stars who could get away with a sweater vest over a shirt and tie on the red carpet. Monica Schipper/Getty ImagesThis year’s awards season has seen a resurgence of floral patterns and detailing on the red carpet.
Persons: Margot Robbie, Ryan Gosling, Ayo, Laverne Cox Laverne Cox, Thierry Mugler bustier, Giuseppe Di Morabito, Michael Tran, Laverne Cox, Thierry Mugler, Thierry, Cox, Monica Schipper, Le Vian, Billie Eilish, Kylie Minogue Kylie Minogue, Raisa Vanessa, Kylie Minogue’s, Vanessa, Minogue, , Markell Washington, Washington, Xochitl Gomez Xochitl Gomez, Xochitl Gomez, Gucci Organizations: CNN, Barker, Getty, Spice, New, Washington Social Locations: London, Santa Monica, AFP, , Washington
LONDON (AP) — The European Union said Monday it is investigating whether TikTok has broken the bloc's strict new digital rules for cleaning up social media and keeping internet users safe. The European Commission, the EU's executive branch, said it has “opened formal proceedings to assess" whether TikTok has breached the Digital Services Act, which took effect last year. The commission is focusing on whether TikTok is doing enough to curb “systemic risks” stemming from its design, including "algorithmic systems" that might stimulate “behavioral addictions." The EU has deemed nearly two dozen of the biggest online and social media platforms including TikTok, as ones that deserve the highest level of scrutiny under the DSA and hefty fines if they fail to comply. The bloc is already investigating Elon Musk’s X, previously known as Twitter, for breaches including failure to curb the spread of illegal content.
Persons: TikTok, ” Thierry Breton, We’ll, Elon Musk’s Organizations: Union, European Commission, Digital Services, DSA, EU
Zendaya wore a silver suit of armor to the "Dune: Part Two" world premiere on Thursday. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementZendaya wore a silver suit of armor for the “Dune: Part Two” world premiere in London on Thursday night, dividing the internet on whether it was stunning or laughable. Many criticized him considering the effort that Zendaya went to with her silver suit.
Persons: Zendaya, Law Roach, Thierry Mugler, , , Denis Villeneuve’s, loo, Ze, aime, Tim o, prem, vit, Organizations: Service, London, sil Locations: London
Belgian PM Backs EU Bonds to Boost Defence Spending
  + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com   time to read: +4 min
By Andrew GrayBRUSSELS (Reuters) - Joint European Union borrowing could help fund higher defence spending but governments would still have to make tough political choices to sustain it, Belgian Prime Minister Alexander De Croo said. To succeed, proponents will need to convince those traditionally sceptical of EU joint borrowing such as Germany, the Netherlands and Nordic nations. European defence spending has been on an upward curve since Russia first invaded Ukraine and seized Crimea in 2014. NATO said on Wednesday it expected defence spending by its European members would grow by $33 billion this year to $380 billion. Last year, NATO estimated Belgium would spend 1.13 % of GDP on defence in 2023, second lowest among NATO members.
Persons: Andrew Gray BRUSSELS, Alexander De Croo, Donald Trump, Kaja Kallas, Emmanuel Macron, Charles Michel, De Croo, Croo, Thierry Breton, Andrew Gray, John Irish, Alex Richardson Organizations: European Union, Belgian, NATO, Estonian, European, Reuters, Munich Security Conference, Nordic, European Defence Fund, EU Locations: European, Ukraine, Munich, Germany, Netherlands, EU, Russia, Crimea, Belgium, Europe, France, Paris
Doug Peters/PA Images/Alamy Images/Sipa USATimothée Chalamet in Haider Ackermann at the London premiere. Jeff Spicer/Getty ImagesLea Seydoux in an intricately-embroidered Louis Vuitton gown at the London premiere. Marc Piasecki/Getty ImagesChalamet in Prada at the Mexico City premiere on February 6. Medios y Media/Getty ImagesButler in Saint Laurent in Mexico City. Angel Delgado/Getty ImagesChalamet in Hermès at a Mexico City photocall on February 5.
Persons: ” Law Roach, Zendaya, Rick Owens, Timothée Chalamet, Alexander McQueen, Paul Atreides, Roach, Thierry, Haider Ackermann, Florence Pugh, Valentino, Lea Seydoux, Rebecca Ferguson, Louis Vuitton, Anya Taylor, Joy, Dior, Doug Peters, Chalamet, Mike Marsland, Jeff Spicer, Hannah McKay, Scott A, Thierry Mugler, Daniel Leal, Samir Hussein, Austin Butler, Gucci, Ferguson, Marc Piasecki, Geoffroy Van Der, Pugh, Butler, Angel Delgado, Jaime Nogales Organizations: CNN, Balmain, London, Getty, Reuters, Paris, Chalamet, Givenchy Haute Couture, Couture, Mexico City, photocall Locations: Mexico City, Paris, London, Fendi, Bottega Veneta, Zendaya, Roksanda, Louis, Givenchy Haute, Geoffroy Van Der Hasselt, AFP, Prada, Mexico, Saint Laurent, Hermès
Chinese zodiac fortune predictions for 2024
  + stars: | 2024-02-09 | by ( Maggie Hiufu Wong | ) edition.cnn.com   time to read: +19 min
Natalie Leung/CNN, Adobe StockMonkeys are going to have a relatively stable year. Natalie Leung/CNN, Adobe Stock“This year, you may have to work a bit harder and work longer hours than usual. Natalie Leung/CNN, Adobe Stock“It isn’t the worst year but there are going to be some challenges. Natalie Leung/CNN, Adobe Stock“According to ancient Chinese philosophy, Tigers and Dragons have a complicated relationship. Natalie Leung/CNN, Adobe StockAll you Rabbits can give yourself a pat on the back.
Persons: Hong Kong CNN —, There’s, , Chen, , Thierry Chow, CNN Chow, floristry, “ It’s, Chow, Xuan, Duke, Jupiter, Stringer, VCG, Zhang Yu, Ulet Ifansasti, Johanes, NurPhoto, Zhang Cheng, Wu Wenjun, Axel Miranda, Tai Sui –, Tai Sui, Natalie Leung, Ben Ming Nian, “ Let’s, Ben Ming, “ You’ll, Ma Xing, , it’s, It’s, there’s, ” Chow, Xing Tai Sui Organizations: Hong Kong CNN, CNN, Shui, China News Service, Spring, Reuters Workers, Adobe, Adobe Stock, Adobe Stock People, , Roosters, Tiger Tigers, Dragons, Tigers Locations: Hong Kong, Asia, Xuan Kong, Xi'an, Shaanxi Province, China, Beijing, Solo City, Indonesia, Dharmayana, Bali , Indonesia, Guangzhou, China's, Guangdong Province, Barcelona, Spain, Nanchang, Jiangxi Province
Dollar poised for weekly decline; US jobs data up next
  + stars: | 2024-02-02 | by ( ) www.cnbc.com   time to read: +4 min
The dollar index was last at 103.02 and on track for its first weekly decline for the year. The New Zealand dollar rose 0.07% to $0.6149 and was on track for a weekly rise of nearly 1%, its best performance in over a month. It was poised for a weekly gain of nearly 1.3%, its best week in over a month. That highlighted a growing view within the board that conditions were falling in place to soon pull short-term interest rates out of negative territory, which would be Japan's first interest rate hike since 2007. Data on Thursday showed euro zone inflation eased as expected last month but underlying price pressures fell less than forecast, likely boosting the European Central Bank's argument that rate cuts should not be rushed.
Persons: Jerome Powell, Ray Attrill, Raf Choudhury, BoE, Thierry Wizman Organizations: Federal Reserve, New Zealand, National Australia Bank, Friday's, Analysts, Bank of Japan's, Bank of England, Monetary, European Locations: Abrdn, U.S
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe've trained more than 200,000 employees on AI basics, says Indian IT services firmThierry Delaporte, CEO of Wipro, discusses the company's efforts to reskill its staff.
Persons: We've, Thierry Delaporte Organizations: Wipro Locations: Indian
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWe've heard about may factors that could spark a renewed bout of inflation: Red Sea tumult, cash sitting on the sidelines, etc. According to analysts at Macquarie, if Donald Trump wins in 2024, it could pose an "inflationary threat" to the US economy. A big part of that risk has to do with "Trumponomics," specifically with regards to the former President's trade policy. The Fed's January meeting is scheduled this week where chairman Jerome Powell is expected to announce the central bank's policy stance.
Persons: , Donald Trump, Thierry Wizman, Trump, Wizman, Jerome Powell Organizations: Service, Trump, Business, Macquarie, Republican, Fed Locations: China
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