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☆ How I turned ChatGPT into my tour guide in Italy
▼ + stars: | 2024-10-26 | by ( Salvador Rodriguez | ) www.cnbc.com time to read: +3 min

Traveling through Italy, I used ChatGPT as a tour guide for the moments where my mom and I wandered into interesting little corners, alleys and buildings where our curiosity was piqued with no tour guide around. As I stood with my mom under the blistering sun in Rome waiting for our audio tour of the Pantheon to begin, I decided to kill some time with ChatGPT. "Pretend you're a tour guide and tell that to me in a more interesting fashion," I wrote. But my favorite ChatGPT use case so far has been as a tour guide in Italy. Elsewhere on our trip, ChatGPT told us that the central figure of the Trevi Fountain was Neptune riding a chariot pulled by sea horses, and explained why Rome's Stadio Olimpico still maintained a monument for Benito Mussolini.

Persons: ChatGPT, OpenAI's ChatGPT, I've, it's, Trevi, Benito Mussolini, Maximilian I, Napoleon III Organizations: Stadio Olimpico Locations: Italy, Rome, Austrian, Lombardy, Venetia, Milan, Mexico

☆ I tried Elon Musk's Starlink WiFi on its first Qatar Airways flight. Making video calls at 36,000 feet is a game changer for business and leisure.
▼ + stars: | 2024-10-26 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

I was on board Qatar Airways' first flight featuring Elon Musk's Starlink internet. AdvertisementQatar Airways launched its first flight featuring Elon Musk's Starlink WiFi on Tuesday — and Business Insider was invited to the event. I was flying in the QSuite business class for this media event, but Starlink WiFi is free for passengers in every cabin. By contrast, the Starlink WiFi was as high as 215 megabits — faster than most home internet speeds. Crucially, there's almost no downtime as Starlink operates gate-to-gate, while standard inflight WiFi is only activated at cruising altitude.

Persons: Elon Musk's, —, Elon, Starlink cupcakes, Pete Syme, Tom Boon, Thom, laud Organizations: Qatar Airways, Service, Business, Doha's Hamad International Airport, Skytrax, Airlines, United Airlines, Air Locations: Doha's, Qatar, London, Europe, Instagram, Air France, Persian

I didn't have a car, and doing work exchanges kept my fixed costs a fraction of what I spent in the US. My mindset was also different: I didn't feel the need to spend money to have fun like I do at home. But the mindset I had while living abroad is what really helped me save: I didn't feel the need to spend money to enjoy myself. I spent one summer living in New York City thanks to a work exchange I found on that same website. The traveler's mindset I had while living abroad encouraged me to explore, get creative, and find fun in the simplest activities.

Persons: —, I've, I'd Organizations: Service, Central America, Get, Workaway, Yorkers Locations: Costa Rica, Mexico, Central, Europe, Asia, Portland , Oregon, Japan, Vietnam, Tuscany, New York City

☆ Japan elections 2024: Shigeru Ishiba hopes to defy economic woes and party scandals in first test
▼ + stars: | 2024-10-26 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —Polls opened Sunday in Japan’s general election, in a test for new Prime Minister Shigeru Ishiba as he seeks voter support for his scandal-hit party just weeks after taking the role. By calling an election, Ishiba, 67, is seeking a public mandate for the ruling LDP amid falling approval ratings and public anger over one of the country’s biggest political scandals in decades. Former Prime Minister Fumio Kishida tried to contain the damage by replacing several cabinet ministers and dissolving LDP factions, essentially coalitions within the party. Ishiba has called for a more balanced relationship, including having greater oversight of US military bases in Japan, Reuters reports. As defense minister, Ishiba was strong on deterrence as a security issue.

Persons: Shigeru Ishiba, Ishiba, Fumio Kishida, ” Ishiba Organizations: CNN, Liberal Democratic Party, Reuters, Partnership, NATO, Sunday, Representatives, LDP, New Komeito Party Locations: Japan, Ishiba, United States, Asia, China, North Korea, Pacific

Former Abercrombie & Fitch CEO Mike Jeffries and an alleged accomplice pleaded not guilty on Friday to sex trafficking and interstate prostitution charges. Jeffries’ romantic partner, Matthew Smith, who was also arrested on Tuesday on sex trafficking charges, wasn’t at the arraignment. Jeffries, Smith and Jacobson have each been hit with a single count of sex trafficking, as well as 15 counts of interstate prostitution tied to 15 alleged victims. They organized “sex events” in England, France, Italy, Morocco, St. Barts, New York City and the Hamptons for Jeffries, Smith and “others,” according to the indictment. Afterward, it was either Jacobson or the staff members who paid the men for attending the sex events, it says.

Persons: Mike Jeffries, Jeffries, James Jacobson, Jacobson, Brian H, Bieber, Jeffries ’, Matthew Smith, wasn’t, Smith, ” Jeffries, Peace, “, Prosecutors, ”, Fitch, Abercrombie Organizations: Abercrombie, Fitch, West Palm Beach, Eastern, of, Hamptons, Jeffries, BBC, NBC News, CNBC Locations: Central Islip , New York, West Palm Beach , Florida, Florida , New York City, Long, Rice Lake , Wisconsin, West Palm, of New York, England, France, Italy, Morocco, St, Barts , New York City, U.S

And on Thursday, Harris delivered an unscheduled speech focused on former Trump chief of staff John Kelly confirming Trump praised Adolf Hitler’s generals. The Harris campaign argues that the plan will tip some final undecided voters — a chunk of which are disaffected Republicans or independents. The Harris campaign says it is also focused on understanding what messaging could impact the small number of undecided voters that remain in key battleground states. “The two most motivating messages for Democratic turnout are those around abortion and democracy.”Some Harris campaign officials echoed that argument. Still, some Democrats who have worked with Harris worry there is too much focus on Trump and not on Harris’ unique skills and vision.

Persons: Kamala Harris, Donald Trump, Harris, Trump, Liz Cheney, John Kelly, Adolf Hitler’s, Harris ’, ”, Cornell Belcher, Democratic pollster, Obama’s, Ashley Etienne, ” Etienne, “, Donald, Harris wasn’t, Kelly, ” Harris, “ Trump, Roe, Wade, “ It’s, stewing, Barack Obama, Nikki Haley, —, Kelly’s, Hitler, ” Belcher, Pete Giangreco, Cheney, Harris pollster, she’s Organizations: WASHINGTON, Republican, Trump, Capitol, Democratic, CNN, Social Security, United Nations Locations: Houston, Georgia

☆ China to offer Taliban tariff-free trade as it inches closer to isolated resource-rich regime
▼ + stars: | 2024-10-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

BEIJING, China — China will offer the Taliban tariff-free access to its vast construction, energy and consumer sectors, Beijing’s envoy to Afghanistan said on Thursday, as the ailing resource-rich but diplomatically-isolated regime looks to build up its markets. “China will offer Afghanistan zero-tariff treatment for 100% tariff lines,” Zhao Xing, Chinese ambassador to Afghanistan, wrote on his official X account late on Thursday, above a photo of him meeting acting deputy prime minister Abdul Kabir. The country exported no commodities to China last year, the data shows, but Zhao has regularly posted photos of him meeting Taliban officials responsible for mining, petroleum, trade and regional connectivity since his appointment last September. “In the Horn of Africa, China’s Special Envoy Xue Bing said that the best way to resolve security and terrorism challenges is through economic development. I think they are bringing that same mindset to Afghanistan,” said Eric Orlander, co-founder of the China-Global South Project.

Persons: Zhao Xing, Abdul Kabir, Zhao, Xue Bing, ”, Eric Orlander Organizations: “ Locations: BEIJING, China, Afghanistan, Beijing, Xinjiang, Pakistan, of Africa

☆ Tropical Storm Trami wreaks havoc in the Philippines, leaving dozens dead
▼ + stars: | 2024-10-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

MANILA, Philippines – Tropical Storm Trami has killed at least 26 people and forced more than 150,000 to flee their homes in the Philippines, officials said Thursday, as it made landfall on the northeastern coast. Trami, locally known as severe tropical storm Kristine, dumped heavy to torrential rain on the main island of Luzon, triggering widespread flooding and landslides. A man walking among debris from the floods caused by Tropical Storm Trami in Nabua, the Philippines, on Friday. Zalrian Sayat / AFP - Getty ImagesIt warned of heavy to intense rainfall, flooding, landslides and storm surges for some northern provinces. The Philippines typically records an average of 20 tropical storms annually, often resulting in heavy rains, strong winds and deadly landslides.

Persons: Trami, Zalrian Sayat, Ezikiel Chavez Organizations: Associated Press, Getty Locations: MANILA, Philippines, Luzon, Cordillera, China, Nabua, AFP, Bicol, Naga, Divilacan, Isabela province, Bato

The 2020 campaign may have also suffered from a lack of imagination about how big the turnout would be and what Democrats were doing in the courts to expand the vote, a Trump campaign adviser said. Other familiar names from 2020 election lawsuits have been spotted this year too. One is Karen DiSalvo, who after the 2020 election helped force an audit in Lycoming County, Pennsylvania. The RNC and Trump campaign have focused what they call their election integrity effort on 18 states including the key swing states. An RNC lawsuit in Michigan challenging voter registration procedures is one of the cases the firm has worked on.

Persons: WASHINGTON, Donald Trump’s, Alex Kaufman, Trump, Brad Raffensperger, Julie Adams, ”, Sophia Lin Lakin, “, Rudy Giuliani, John Eastman, Sidney Powell —, Joe Biden’s, Kaufman, Cleta Mitchell, Mitchell, ensnared Giuliani, Powell, Jenna Ellis, Kenneth Chesebro, Karen DiSalvo, Erick Kaardal, Kurt Olsen, Biden, Bruce Castor, Michael van der Veen, Christina Bobb, Biden’s, Gineen Bresso, ” Gates, Michael Whatley, Rick Hasen, Consovoy McCarthy, Jones, Don McGahn, Dhillon, Harmeet Dhillon, David Warrington, ” Marc Elias, Harris, Lakin Organizations: Republican, Georgia, Fulton County, Registration, Republican National Committee, RNC, American Civil Liberties Union, Raffensperger, Eastman, DeKalb County Republican Party, Dominion, Supreme, Trump, United Sovereign Americans, Fulton County Republican Party, Republicans, UCLA School of Law, NBC, Dhillon, Federal, Commission, U.S, Circuit, White, Capitol Locations: Georgia, Atlanta, Fulton, Pennsylvania, Lycoming County , Pennsylvania, DeKalb County, Texas, Arizona, Michigan, North Carolina, Mississippi

☆ Two more Los Angeles Times editorial board members resign amid turmoil over blocked Harris endorsement
▼ + stars: | 2024-10-25 | by ( Jon Passantino | ) edition.cnn.com time to read: +4 min

CNN —Two more members of the Los Angeles Times editorial board resigned Thursday after the newspaper’s owner blocked an endorsement of Vice President Kamala Harris, a contentious decision that has engulfed the publication in turmoil. Robert Greene, a Pulitzer Prize-winning editorial writer, resigned from his position over billionaire Times owner Patrick Soon-Shiong’s decision to veto the planned endorsement, he confirmed to CNN. The departures come one day after Mariel Garza, the leader of the Times’ editorial board, resigned over Soon-Shiong’s directive not to endorse Harris in the presidential race. Done.”The Los Angeles Times is California’s most widely circulated newspaper and one of the nation’s largest, with a Sunday print circulation of 1.6 million. “We remain deeply concerned about The Times’s owner’s decision to block a planned endorsement, and his statement that unfairly shifts blame onto editorial board members.

Persons: Kamala Harris, Robert Greene, Patrick Soon, Greene, holistically, “, ”, Harris, Donald Trump, ” Karin Klein, Klein, Mariel Garza, Shiong, Trump, Barack Obama, she’s, Garza, craven, — Organizations: CNN, Los Angeles Times, ”, Facebook, Trump, White, Columbia Journalism Locations: Angeles

☆ China schedules meeting expected to reveal fiscal stimulus details
▼ + stars: | 2024-10-25 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — China's parliament will hold a highly anticipated meeting Nov. 4 to 8, state media said Friday, according to a CNBC translation. Investors have been awaiting news of the gathering of the standing committee of the National People's Congress, which is expected to announce details on any fiscal stimulus. Last year, the committee's meeting in late October oversaw a rare increase in China's fiscal deficit to 3.8%, from 3%, which was subsequently reported by state media. He pointed out that the last month of Chinese stimulus measures have all underscored the need for more fiscal support. Analysts have tempered expectations that large-scale fiscal stimulus would directly pillar consumption, instead noting how struggling local governments would likely get support first.

Persons: Bruce Pang, Finance Lan Fo'an, Xi Jinping, Pang Organizations: BEIJING —, CNBC, National People's Congress, China's, Finance, People's Bank of Locations: Beijing, BEIJING, China, JLL, People's Bank of China

☆ Skeletal remains of ‘Well-man’ linked to centuries-old Norse text
▼ + stars: | 2024-10-25 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

CNN —Researchers have connected the identity of skeletal remains found in a well at Norway’s Sverresborg castle to a passage in a centuries-old Norse text. The text is rich in detail, including full names, locations, battles and military strategy as well as Sverre’s speeches. For the latest study, Martin and his colleagues wanted to bring together historical, archaeological and genetic context for Well-man’s remains. Excavations in 2014 and 2016 unearthed more of Well-man's remains, including his skull. Norwegian Institute for Cultural Heritage ResearchA surprising portrait of Well-manAn initial radiocarbon dating analysis helped the research team confirm that Well-man’s remains were about 900 years old, which aligns with the timeline in the Sverris saga.

Persons: King Sverre Sigurdsson, —, It’s, ”, Michael D, Martin, they’re, King Sverre, King Sigurd Munn, Sverre, Munn, “, Dr, Martin Ellegaard, Agnar Helgason, King Sverre’s, ” Martin, ” Ellegaard, Maja Krzewińska, Krzewińska, ” Krzewińska, he’s Organizations: CNN —, Cell Press, Norwegian University of Science, Technology’s University Museum, Roman Catholic Church, Norwegian Institute for Cultural Heritage, Technology, Palaeogenetics Locations: Norway, Trondheim, Europe, Bergen, Sverresborg, what’s, “, Stockholm, Sweden

Mārtiņš Kazāks, Bank of Latviawatch nowOn a 50-basis-point rate cut: "Well, everything should be on the table, you know, given what the data tells us. Klaas Knot, Netherlands central bankwatch now"Are we risking a structural undershoot of our inflation target? Joachim Nagel, German central bankwatch nowOn rate cuts: "This discussion about 25 or maybe something different is not helpful. On rate cuts: "The direction is clear. Gediminas Šimkus, Bank of Lithuaniawatch nowOn rate cuts: "We are clearly moving ... towards the direction of easing monetary policy.

Persons: Karen Tso, Pierre Wunsch, I'm, we've, Mario Centeno, Klaas, It's, Robert Holzmann, Joachim Nagel, disinflation, Volcker, Olli Rehn, it's, Gediminas Šimkus, Boris Vujčić Organizations: European Central Bank, International Monetary, Bank of Latvia, National Bank of Belgium, Bank of Portugal, Austrian National Bank, Bank of France, Bank of Finland, Bank of Lithuania, Croatian National Bank Locations: Washington ,, Kazāks, Netherlands, German, Galhau, Europe

☆ College in the US was too expensive, so these students opted for Europe
▼ + stars: | 2024-10-25 | by ( Erin Liam | ) www.businessinsider.com time to read: +11 min

As college tuition fees soar, more American students are going abroad. Beyond cheaper tuition, college abroad can offer multiple benefits, including exposure to new cultures. It sounded like a dream to her: a chance to live abroad and earn an affordable college degree. Now, out of the 350 high school students his company works with yearly, 10 to 20% apply to college abroad, he said. Related storiesThe benefits of college abroad go beyond costIn many US colleges, students declare a major after their freshman year.

Persons: —, Liza Jean Miezejeski, James Edge, he's, Greg Kaplan, Robert Harry, it's, Edge, Jacob Zeidberg, Lou Zeidberg, Harry, It's, Zeidberg, Jennifer Zeidberg, Scarlett Kiaras, Attari, Kaplan, There's, Mrozek, Amanda Mrozek Amanda Mrozek, Miezejeski, hasn't, I've Organizations: Institute of International Education, Service, Colleges, National Center for Education Statistics, U.S . News, Pepperdine University, Kent School, Europe College, Ireland, Toulouse Business School, University of Oxford, Oxford, Central Michigan University, Miezejeski, University of Connecticut Locations: Europe, Germany, Connecticut, Prague, Brussels, New York, America, Malibu, Netherlands, Japan, France, Kentucky, Scotland, undergrad, Edinburgh, Portugal, American, Canada, Italy, Boston

☆ Does height matter in football? Yes, but not in the way you might think
▼ + stars: | 2024-10-25 | by ( Liam Tharme | ) www.nytimes.com time to read: +11 min

GO DEEPER Short centre-backs: How much does size matter in the Premier League? The decline of the small midfielder has been a league-wide trend in the Premier League in the last four years. Last season, the taller trend stopped, City’s minutes to smaller players went up and taller players back down. GO DEEPER Short centre-backs: How much does size matter in the Premier League? That tends to suit taller players, or short(er) ones who have exceptional speed, positioning and decision-making.

Persons: d’Or, Lionel Messi, Lionel Messi’s, Rich Storry, Bayer, Germain, Costel, Antonio Conte, Stefano Piolo, taka, StatsBomb, Rico Lewis, Pep Guardiola, Shaun Botterill, Guardiola, Lewis, Erling Haaland’s, Phil Foden, Bernardo Silva, Arsenal’s, David Raya, Emmanuele, Mikel Arteta, ” Arteta, Napoleon, William Saliba's, Mikel Arteta's, That's, ike Organizations: Ballon, University of Wolverhampton, Inter Milan, Bayer Leverkusen, Manchester City, Paris Saint, Leverkusen, Serie, Inter, Premier League 183.3 Manchester City, Ligue, PSG, La Liga 181.8 Real Madrid 181.3, Bundesliga, Premier League, La Liga, A, Romania, AC Milan, Spanish, Premier League ? Football, ”, Arsenal, Bournemouth, Premier League’s, Getty, 😬# Locations: U.S, England’s, Paris, Real Madrid, Germany, Spain, La, Manchester, David

☆ Yen wobbles, vulnerable to political reverberations
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: +4 min

Japanese yen banknotes of various denominations are arranged for a photograph in Tokyo, Japan, on July 22, 2015. The yen was last 0.1% lower at 152 per dollar and was looking at a 1.5% loss for the week. The yen has fallen roughly 5.5% for the month thus far, setting it up for its worst monthly decline since April 2022. Against the dollar, the euro last bought $1.08225, some distance away from its low of $1.076125 hit earlier this week. The dollar index last ticked up 0.04% to 104.09, after having scaled a roughly three-month high of 104.57 earlier in the week.

Persons: Ray Attrill, Katsunobu Kato, Janet Yellen, Donald Trump, Nick Rees, Sterling Organizations: of Japan's, Treasury, Liberal Democratic Party, LDP, National Australia Bank, country's Finance, FX, Monex, New Zealand Locations: Tokyo, Japan, Japanese, Germany —

☆ Russia's central bank raises key rate to 21% to rein in higher-than-forecast inflation
▼ + stars: | 2024-10-25 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Photo: Ulf Mauder/dpa (Photo by Ulf Mauder/picture alliance via Getty Images)Russia's central bank on Friday raised its key interest rate by 200 basis points to 21%, citing consumer price increases considerably above its forecast and warning of ongoing high inflation risks in the medium term. The key rate was previously taken up by 100 basis points to 19% in September. On Friday, the central bank noted annual seasonally adjusted inflation hit an average of 9.8% in September, up from 7.5% in August. "Over the medium-term horizon, the balance of inflation risks is still significantly tilted to the upside," the bank said in a statement. "The key risks are associated with persistently high inflation expectations and the upward deviation of the Russian economy from a balanced growth path, as well as with a deterioration in foreign trade conditions."

Persons: Ulf Mauder Organizations: Foreign Ministry, Getty, Reuters Locations: Russia, Ukraine

☆ Putin has spent years championing de-dollarization — but a new reality is setting in
▼ + stars: | 2024-10-25 | by ( Huileng Tan | ) www.businessinsider.com time to read: +7 min

Russia faces sweeping sanctions over its full-scale invasion of Ukraine and has been locked out of the US dollar-dominated global financial system, including the widely used SWIFT financial messaging system, making payments and transactions challenging. The Kazan Declaration, issued Wednesday, did not mention global dollar dominance — but it highlighted alternatives. AdvertisementChina — even though it's in a prolonged slowdown — is expected to be the top contributor, accounting for about one-fifth of global growth over the five years. AdvertisementHowever, BRICS economies have a smaller global presence in global financial flows, limiting the impact of de-dollarization, the ING analysts added. Other issues include what countries would use the alternative currencies for and if the West would sanction such alternative systems, he said.

Persons: Vladimir Putin, Putin, —, he's, Alexander Kolyandr, Tom Keatinge Organizations: Service, ING, United, United Arab Emirates, Bloomberg, International Monetary, Center for, Centre for Finance, Security, Royal United Services Institute Locations: BRICS, Russian, Kazan, Russia, Ukraine, cryptocurrencies, Brazil, India, China, South Africa, Iran, Egypt, Ethiopia, United Arab, USA

☆ Tiny house with elaborate – and erotic – frescoes unearthed at Pompeii
▼ + stars: | 2024-10-25 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Archaeologists have uncovered a tiny house in Pompeii that is filled with elaborate – and sometimes erotic – frescoes, further revealing the ornate way in which Romans decorated their homes. This change could have occurred due to shifting trends in Roman - and particularly Pompeian - society, during the first century AD, archaeologists said. Archaeological Park of PompeiiThis latest discovery spotlights the ornate decorations that rich Romans enjoyed in their homes – several frescoes depict mythical scenes and others are decorated with plant and animal motifs on a white background. Archaeological Park of PompeiiErotic and elaborate frescoes like this have been uncovered in Pompeii before. Elsewhere in this newly excavated house, the last ritual offerings left before the eruption still remain at the household shrine, known as a lararium.

Persons: Hippolytus, Theseus, Phaedra, Adonis, Leda, ”, Gabriel Zuchtriegel, Zuchtriegel, “ Organizations: CNN — Locations: Vesuvius

☆ Central banks shouldn't be affected by political moves — but in Japan it is, professor says
▼ + stars: | 2024-10-25 | 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 EmailCentral banks shouldn't be affected by political moves — but in Japan it is, professor saysSeijiro Takeshita, a professor of management at the University of Shizuoka, previews Japan's elections and its economic implications.

Persons: Seijiro Takeshita Organizations: University of Shizuoka Locations: Japan

☆ 25 Jump Scares That Still Make Us Jump
▼ + stars: | 2024-10-25 | by ( The New York Times | ) www.nytimes.com time to read: +5 min

25 Jump Scares That Still Make Us Jump The floor creaks, the music turns ominous and an uneasy quiet sets in. With Times film writers, filmmakers and stars weighing in, we ranked the 25 jump scares that still get us every time. Jump scares are considered the fart jokes of horror: cheap, easy and lowbrow. More ingenuity goes into certain jump scares than entire movies. Jump scares have an advantage online, where context shifts rapidly.

Persons: David Fincher, Andrew Kevin Walker, Morgan Freeman, Brad Pitt, John C, McGinley, “ Andy, Brad Pitt’s, isn’t, Walker, Fincher, Rob Bottin, ” Walker, ”, Jennifer Kent, Amelia, ” Kent, “, ” Kent didn’t, Jason Zinoman, Lon, Robert Bloch peed, Chaney, It’s, James Wan, Lili Taylor Organizations: Opera Locations: ”

☆ Malaysia must avoid 'boom-bust' cycles to finally claim Asian Tiger status, central bank governor says
▼ + stars: | 2024-10-25 | by ( Shafi Musaddique | ) www.cnbc.com time to read: +4 min

Abdul Rasheed Ghaffour, governor of Bank Negara Malaysia, during a news conference at Sasana Kijang Center, which houses Bank Negara Malaysia facilities, in Kuala Lumpur. Malaysia is working toward having the "the right ingredients" to finally claim "Asian Tiger" status, but must avoid the traps of widening inequality seen elsewhere. That's according to Abdul Rasheed Ghaffour, the governor of the central bank of Malaysia, who believes the southeast Asian country must avoid a "boom-bust cycle that has happened before." But it may be a case of better late than never, thanks to better-than-expected economic growth this year. Ghaffour said Malaysia is moving into producing logic chips — more advanced chips often know as the brains of electronic devices.

Persons: Abdul Rasheed Ghaffour, Ghaffour, Karen Tso, Donald Trump, Kamala Harris Organizations: Bank Negara Malaysia, Bank Negara, Washington , D.C, CNBC, Asian Tigers, Oxfam, Taiwan's, Budget, Accounting, Statistics, Tech, Intel, Economic, ASEAN, Republican, Democratic Locations: Bank, Bank Negara Malaysia, Kuala Lumpur, Malaysia, Hong Kong, Singapore, Taiwan, South Korea, Washington ,, Hong Kong's, Penang, European, U.S, Malaysian, Thailand, Indonesia .

☆ Gold eyes weekly gains as geopolitical uncertainty boosts appeal
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: +2 min

Spot gold slipped 0.2% at $2,730.09 per ounce, as of 01:55 GMT. U.S. gold futures fell 0.2% to $2,742.80. "In the next three months, gold may reach $2,800, and from the annual perspective, it can surpass the psychologically important $3,000 barrier." The U.S. asked the Group of Seven allies to consider sanctions on Russian palladium and titanium, Bloomberg News reported. It benefits from its dual role of monetary value and as an industrial metal with growth driven by the breakneck growth of photovoltaics," said Paul Wong, market strategist at Sprott Asset Management.

Persons: Alexander Manzyuk Gold, Julia Khandoshko, Nornickel, Daniel Hynes, Silver, Paul Wong Organizations: REUTERS, Bloomberg News, ANZ, Sprott Asset Management Locations: Siberian, Krasnoyarsk, Russia, Gaza . U.S, Doha, Gaza, U.S

☆ Georgia's election forces voters to choose between a future with Russia or Europe
▼ + stars: | 2024-10-25 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Supporters of the ruling Georgian Dream party at the party's final campaign rally in Tbilisi on Oct. 23, 2024, ahead of the Oct. 26 parliamentary elections. Despite its increasingly anti-Western rhetoric, Georgian Dream insists it still wants Georgia to join the EU and its election posters feature the party's logo along with the symbol of the EU. People walk past campaign posters of the ruling Georgian Dream party in Tbilisi on Oct. 22, 2024, ahead of the Oct. 26 parliamentary elections. Georgian oligarch Bidzina Ivanishvili attends the final campaign rally of the ruling Georgian Dream party in Tbilisi on Oct. 23, 2024, ahead of Oct. 26 parliamentary elections. Georgia's President Salome Zourabichvili, staunchly critical of the ruling party, addressed crowds of supporters last weekend, telling them that the vote would "demonstrate people's will for freedom, independence, and a European future."

Persons: Giorgi Arjevanidze, There's, Bidzina Ivanishvili, —, oligarch Bidzina, Salome Zurabishvili's, Vano Shlamov, Ivanishvili, Salome Zourabichvili, Zourabichvili, Salome Zurabishvili Organizations: Afp, Getty, Center for, NATO, European Union, EU, Western, Russia, Party, Institute for, Kremlin Locations: Georgian, Tbilisi, Georgia, Russia, Soviet, Russian, Moscow, Washington, Europe, Western Ukraine, Ukraine, Eastern Europe, South Caucasus, Central Asia, European

☆ Russia's central bank hikes interest rate to 21% to fight stubborn inflation
▼ + stars: | 2024-10-25 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

The Russian central bank raised its key interest rate to 21% on Friday. Inflation in Russia hit 8.6% year-on-year in September, well above the central bank's 4% target. It has largely been driven by heavy defense spending amid the ongoing war in Ukraine. AdvertisementRussia's central bank raised its key interest rate to a record high on Friday as inflationary pressure continues in the country. The Bank of Russia raised the benchmark rate by 200 basis points to 21%, saying inflation was "running considerably above" its July forecast.

Persons: —, Alexandra Prokopenko, Prokopenko Organizations: Service, Bank of Russia, Carnegie Russia Eurasia Center, Financial Times Locations: Russian, Russia, Ukraine, Moscow, Europe

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