DIRS.INFO The most relevant business & tech news

☆ Can Germany’s sputtering economy be revived in 2024?
▼ + stars: | 2024-02-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +11 min

Europe’s biggest economy shrank last year for the first time since the onset of the Covid-19 pandemic. And the outlook isn’t much brighter: the International Monetary Fund predicts that Germany will be the slowest-growing major economy in 2024, eking out an increase of just 0.5%. “Germany needs a fundamental economic transformation,” Marcel Fratzcher, president of the German Institute for Economic Research in Berlin, told CNN. Carsten Koall/Getty ImagesHomegrown troublesAlongside an external environment that has become more hostile to Germany’s outward-facing economy, the country’s internal political climate has worsened. Businesses such as these, which can find new markets and applications for their know-how, may hold the key to reviving Germany’s moribund economy.

Persons: What’s, ” Marcel Fratzcher, ”, Carsten Brzeski, Jens Schlueter, Constanze Stelzenmuller, Christian Lindner, Olaf Scholz, Robert Habeck, Carsten Koall, Michael Probst, Karl Haeusgen, ” Sebastian Shukla, Chris Stern Organizations: London CNN — Trains, Lufthansa, International Monetary Fund, European Union, European Commission, German Institute for Economic Research, CNN, ING, Brookings Institution, Volkswagen, Biden, Free Democratic Party, Social Democratic Party and, Green Party, Deutsche, LinkedIn, Investors, SAP, chipmaker Infineon, Intel, MAN Energy Solutions, Germany’s Machinery, Equipment Manufacturers Association Locations: Europe’s, Germany, Ukraine, Berlin, Europe, China, Zwickau, United States, Russia, “, Japan, masse, Frankfurt, ”, Hamburg, Jungheinrich, Augsburg, Munich, Esbjerg, Denmark

☆ China vows to help its EV champions succeed overseas despite threats of sanctions
▼ + stars: | 2024-02-07 | by ( Laura He | ) edition.cnn.com time to read: +3 min

On Wednesday, China’s Commerce Ministry posted a document signed late last year by nine government agencies, including the Foreign Ministry and the central bank, vowing to support Chinese EV makers with their globalization push. It also encouraged Chinese EV companies to cooperate with foreign manufacturers in technology and build supply chains that can benefit everyone. Chinese EV makers are taking the world by storm, even if they are largely locked out of key markets like the United States. Chinese EV makers are seeking alternative growth engines overseas because the picture is gloomy at home. The flood of cheaper Chinese vehicles has triggered trade tensions with some countries.

Persons: “, Biden Organizations: Hong Kong CNN, China’s Commerce, Foreign Ministry, Chinese EV, Getty, EV, China Association of Auto Manufacturers, European Commission, Wall Street Locations: China, Hong Kong, Europe, United States, Chinese, China's Shandong, Australia, Southeast Asia, Japan, Shenzhen, Hungary

Here's why European farmers are taking their anger to the streets:THE HISTORYPolitical Cartoons View All 253 ImagesWorld War II had spread hunger on a bountiful continent. When the war ended, Western European leaders knew that the way to people's hearts was through their stomachs. The vision of EU farming from early on was economy of scale — bigger farms, bigger holdings, setting standard rules across borders. “European farmers have found themselves under increasing pressure from many sides,” European Commission Vice President Maroš Šefčovič said. On Wednesday, the European Commission made two key proposals — one to shield EU farmers from cheap Ukrainian imports and one to sidestep an environmental measure.

Persons: Ursula, Ursula von der Leyen, —, von der, “ Ursula, ”, Jean, Francois Deflandre, Paolo Pepponi, It’s, it’s, Pepponi, Benoit Laqueue, Nicolas Abbeloos, “, Maroš Šefčovič, Šefčovič, Emmanuel Macron Organizations: HALLE, European, Agriculture, EU, European Commission, South Locations: Belgium, Paris, Brussels, EU, Ukraine, Kyiv, Halle, Lithuania, France, Spain, Italy, Rome, Europe, Sedan, New Zealand, Chile

BEIJING (AP) — As the U.S. presidential campaign moves closer to a Donald Trump-Joe Biden rematch, China is watching uneasily. While Biden has looked for areas of cooperation with China, Beijing is concerned about his efforts to unite allies in the Indo-Pacific in a coalition against China. “For China, no matter who won the U.S. presidential election, they would be two ‘bowls of poison’,” said Zhao Minghao, a professor of international relations at Fudan University in Shanghai. When Biden and Trump squared off in 2020, U.S. intelligence agencies reported before the election that China viewed Trump as “unpredictable” and opposed his reelection. “Trump is by nature volatile and cruel and is a person hard to be familiar with,” said Shi Yinhong, international relations professor at Renmin University of China.

Persons: Donald Trump, Joe Biden, uneasily, Biden, It’s, hasn’t, ”, Zhao Minghao, Sun Chenghao, Trump, Chuan Jianguo, “ Trump, Sun Yun, Sun, Xi Jinping, Antony Blinken, Xi, Miles Yu, China's, ” Yu, Deng Xiaoping, Shi Yinhong, Shi, Wang Yiwei, ” Wang, ” Shi, ___ Tang, Yu Bing, Chen Wanqing, Eric Tucker Organizations: BEIJING, U.S, China, Trump, “, Fudan University, Center for International Security, Tsinghua University, Stimson Center, Hudson Institute, Communist Party, Renmin University of China, White, Institute of International Affairs, Associated Press Locations: China, Beijing, Taiwan, Shanghai, Asia, Pacific, Sun, Washington, Lago, Florida, City, United States, U.S

☆ Opinion | Why Ukraine and Gaza Are Even Bigger Than You Think
▼ + stars: | 2024-01-25 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +1 min

While the two battlefronts may look very different, they actually have a lot in common. On one side is the Resistance Network, dedicated to preserving closed, autocratic systems where the past buries the future. On the other side is the Inclusion Network, trying to forge more open, connected, pluralizing systems where the future buries the past. Who wins the struggles between these two networks will determine a lot about the dominant character of this post-post-Cold War epoch. Their hearts, and often pocketbooks, are with the Resistors but their heads with the Includers.)

Persons: Iran’s, Xi Organizations: West, Soviet, Resistance Network, Inclusion Locations: Ukraine, Israel, Arab, —, Russia, Iran, China

☆ A simple, low-cost protection trade for those doubting this bull market
▼ + stars: | 2024-01-22 | by ( Michael Khouw | ) www.cnbc.com time to read: +9 min

For an agonizing month, the S & P 500 toyed with the prior all-time highs of January 2022 before finally breaking through to new all-time highs on Friday. Yet here we are, reviewing the biggest trading day of the year so far, and AMD was the best-performing stock in the S & P. Nvidia was 12th. What is true is that the S & P 500 rises over time. Market Cap weighted indices, such as the S & P 500 represent the largest and generally most successful publicly traded companies. Notice that a January 2025 SPDR S & P 500 Trust (SPY) $460 strike put costs just over $16 per contract.

Persons: bender, Stocks, SPDR Organizations: AMD, Nvidia, Healthcare, Centene Corp, United Health, Enphase Energy, SEC, Investors, Apple, Microsoft, U.S . Locations: China, U.S

☆ Corporate America's loyalty problem is on display in Big Tech
▼ + stars: | 2024-01-22 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, we're looking at how there's no more loyalty in corporate America between employers and their workers. Business Insider's Aki Ito, who has covered workplace trends better than anyone, dove into the deterioration of loyalty in corporate America. The best example of the deterioration of loyalty in corporate America these days is in Big Tech. AdvertisementOne year later, Big Tech's layoffs are back and could become the new normal, Business Insider's Peter Kafka writes. However, the best representation of the growing employee-employer chasm in Big Tech is at Google.

Persons: —, hustleharder, Insider's Aki Ito, they're, Insider's Peter Kafka, Kali Hays, BI's Eugene Kim, Ashley Stewart, Long, Sundar Pichai, BI's Hasan Chowdhury, Brian Moynihan, Moynihan, Laura Labovich, Asher, Emerson, Bill O'Leary, there's, Frederic J . Brown, haven't, Christian Dior, Dan DeFrancesco, Diamond Naga Siu, Hallam Bullock, Jordan Parker Erb Organizations: Service, Big, Workers, Amazon MGM Studios, Big Tech, Google, OsakaWayne, Investment, New, Bank of America's, Fed, Washington, Getty, Meta, OpenAI Mafia, Shoppers, Spotify, Couture, United Airlines, The, Business Locations: America, Big Tech, Big, Bethesda, That's, Paris, New York, San Diego, London

☆ The end of workplace loyalty
▼ + stars: | 2024-01-22 | by ( Aki Ito | ) www.businessinsider.com time to read: +16 min

Do that, and you generate the kind of trust and loyalty that leads to high productivity and low turnover. A world in which the psychological contract is profoundly broken. In the three decades following World War II, as Rick Wartzman documents in his book " The End of Loyalty ," a booming economy made American companies rich. Today, disillusioned workers might assume that the norm of workplace loyalty was nothing but a capitalistic ruse, a way for companies to exploit their employees. But the new loyalty would recognize that employees have to uphold their end of the bargain.

Persons: I've, Gen Xers, Gen Zers, they'll, Rick Wartzman, Wartzman, Denise Rousseau, Rousseau, who's, Mark, —, it's, I'm, he's, quitters, Nick Bloom, Stanford University who's, Anthony Klotz, Klotz, they're, It's, Aki Ito Organizations: Companies, Kodak, GE, Carnegie Mellon University, Stanford University, University College London, Employers, Business

☆ Protecting Opera, ‘a People’s Art Form’
▼ + stars: | 2024-01-20 | by ( Farah Nayeri | ) www.nytimes.com time to read: 1 min

Is opera an endangered art form that needs to be protected and preserved for the generations to come? For a group of about 30,000 Italian music professionals and practitioners, the answer was yes. Consisting of singers, musicians, scholars, composers, conductors and directors, the group formed a committee supported by Italy’s leading opera houses and musical institutions, then persuaded UNESCO to add “the practice of opera singing in Italy” to its Representative List of the Intangible Cultural Heritage of Humanity. The inscription was made official in December. The list identifies what UNESCO, the United Nations cultural organization, calls “fragile” nonphysical elements that play a crucial role in “maintaining cultural diversity in the face of growing globalization.”

Persons: Italy’s, Italy ”, ” Organizations: UNESCO, Intangible, Heritage, Humanity, United Nations Locations: Italy

☆ TSMC delays its $40 billion chip project in Arizona, now to be completed in 2027 or 2028
▼ + stars: | 2024-01-19 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

It’s the second time TSMC (TSM), the world’s largest chipmaker, has been forced to push back its plans in the western US state. It announced in 2022 that it would build a second semiconductor plant in Arizona, adding to plans for an existing fab and raising its overall investment in the state from $12 billion to $40 billion. TSMC is also considering whether to open a second facility in Japan. “The second fab in Japan is in serious evaluation stage,” and the firm is holding talks with the government, according to Liu. It cited a boon for the global semiconductor industry from “the rising emergence of generative AI-related applications,” which include popular platforms such as ChatGPT.

Persons: Hong Kong CNN — TSMC, Joe Biden’s, Mark Liu, Liu, Biden, TSMC, “, C.C, Wei Organizations: Hong Kong CNN, Global, Apple, Nvidia Locations: Hong Kong, Arizona, Hsinchu, Taiwan, Dresden, Germany, Europe, Japan, Kumamoto, New York, Taipei

☆ Look Beyond Profit to Heal 'Lacerated World', Pope Tells Davos Leaders
▼ + stars: | 2024-01-17 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

By Philip PullellaVATICAN CITY (Reuters) - Pope Francis on Wednesday urged political, economic and business leaders at the World Economic Forum (WEF) in Davos to look beyond profit and try to heal an "increasingly lacerated" world with moral and ethical decisions. In his message to the world's movers and shakers meeting at the Swiss resort, Francis urged them to tackle the "injustices that are at the root causes of conflict", primarily hunger and the exploitation of natural resources for the benefit of the few. "How is it possible that in today's world people are still dying of hunger, being exploited, condemned to illiteracy, lacking basic medical care, and left without shelter?" The Argentine-born pope, the first from the Global South, said the world situation required that "businesses themselves be increasingly guided not simply by the pursuit of fair profit, but also by high ethical standards". The "widespread exploitation" of male, female and child labourers with low wages and no real prospects for personal and professional development must stop, he said.

Persons: Philip Pullella, Pope Francis, Francis, –, Mark Potter Organizations: CITY, Wednesday, Economic Locations: Davos, Swiss, States, Argentine

☆ U.S. and allies must 'persuade countries, not dictate to them,' former UK PM Gordon Brown says
▼ + stars: | 2024-01-17 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Former U.K. Prime Minister Gordon Brown said Wednesday that the U.S. and other powerful nations must "persuade countries, not dictate to them" in an increasingly multipolar world. Much of the conversation at this week's World Economic Forum in Davos, Switzerland, has focused on a breakdown of trust between populations and world leaders, and how to restore it. Allianz CEO Oliver Bäte told CNBC Tuesday that an "increasing detachment of the political elite from the working class" was the "number one risk for our societies." It's no longer neoliberal economics, it's more mercantilist economics, states doing their own thing, and protectionist trade policies have become 'in' and we've seen a retreat from globalization," Brown told CNBC on the sidelines of WEF. Brown told CNBC Wednesday that he still believes this should be the template for establishing lasting peace in the region, but that it is "incredibly difficult because nobody is trusting each other at the moment."

Persons: Gordon Brown, Oliver Bäte, Brown, Tony Blair, you've, we've, Netanyahu, Mahmoud Abbas, Ehud Olmert, Saudi King Abdullah bin Abdulaziz Al Saud Organizations: Economic, Allianz, CNBC Locations: Davos, Switzerland, WEF, America, Africa, Ukraine, Gaza, Israeli, Saudi, Israel, Palestinian

☆ A new era is coming for dividend stocks — and it's good news for income investors, says portfolio manager
▼ + stars: | 2024-01-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Investors seeking income in the stock market have reason to cheer, according to author and portfolio manager Daniel Peris. He's predicting a major paradigm shift in the market as dividends come back in vogue. "Conservative, self-proclaimed dividend investors are going to have access to more companies over time," said Peris, author of the new book, " The Ownership Dividend ." These days, about 80% of S & P 500 stocks pay a dividend. Investing in dividend stocks Still, just because a company offers a dividend doesn't mean it is a good investment.

Persons: Daniel Peris, Peris, Peris doesn't, He'd Organizations: Conservative, Nasdaq, Federated Hermes, Strategic, Google, Big Tech Locations: Silicon Valley, U.S

☆ Top Goldman Sachs analyst says the world is moving into a new super cycle
▼ + stars: | 2024-01-08 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

The global economy is moving into a new "super cycle," with artificial intelligence and decarbonization being driving factors, according to Peter Oppenheimer, head of macro research in Europe at Goldman Sachs. "We are moving clearly into a different super cycle," he told CNBC's "Squawk Box Europe" on Monday. The most recent significant super cycle that the world economy experienced began in the early 1980s, Oppenheimer said, discussing content from his newly launched book "Any Happy Returns." This was characterized by interest rates and inflation peaking, before a decadeslong period of falling capital costs, inflation and rates, as well as economic policies such as deregulation and privatization, he explained. "We're not likely to see interest rates trending down as aggressively over the next decade or so, we're seeing some pushback to globalization and, of course, we're seeing increased geopolitical tensions as well."

Persons: Peter Oppenheimer, Goldman Sachs, CNBC's, Oppenheimer, We're Organizations: Dow Jones, New York Stock Exchange, Goldman, U.S Locations: Europe, Russia, Ukraine, China, Israel

☆ Canada's Brookfield raises record $28 billion for infrastructure fund
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

Dec 1 (Reuters) - Canada's Brookfield Asset Management (BAM.TO) said on Friday it had raised $28 billion for its largest-ever fund, wagering on infrastructure assets the company believes would benefit from a shift to "deglobalization", given recent geopolitical tensions. Brookfield said the fund has already deployed 40% of its capital in six investments including renewable, transport, data center and telecom tower assets. The company, which manages over $850 billion in assets, said it had also raised $2 billion for related co-investment vehicles. Besides "deglobalization", Brookfield's latest fund will also focus on infrastructure assets tied to digitalization and decarbonization, the company said. The company had raised $20 billion for its previous global infrastructure fund in 2020.

Persons: Brookfield, Niket, Pooja Desai Organizations: Brookfield Asset Management, Thomson Locations: Brookfield, Ukraine, Bengaluru

"Many people have taken sides,” says Sandrine, who didn't feel comfortable providing her last name given the sensitivity of the topic. Immediately following the Oct. 7 attacks, Macron condemned Hamas and supported Israel’s right to defend itself. “The explicit prohibition of Palestinian demonstrations is something very recent and, in my opinion, a massive political mistake,” Lazar says. The RN, which denounces mass immigration to France from largely Muslim countries, also views Israel as a beacon of democracy in the Arab world. "He needs to defend what [Hamas does] without saying he supports them directly" as part of the Palestinian cause, says Lazar.

Persons: ”, Sandrine, Emmanuel Macron, Macron, Marc Lazar, ” Lazar, Mahmoud Abbas, Israel, Marc Hecker, “ That's, Hecker, David, Goliath, Joe Biden, Jean, Marie Le Pen, Marie Le Pen’s, “, Le, Le Pen, ‘, ’ ”, Yves Camus, Luc Mélenchon, –, Lazar, Mélenchon, they’re Organizations: Hamas, Montaigne Institute, Sciences Po, West Bank, Center for Security Studies, French Institute of International Relations, French Institute of Public, Palestinian Authority, U.S, National, La France, National Assembly, National Front, Israel, FN, Marine, Rassemblement, Institute of International Relations, Strategic Studies, European Jewish Congress, ” Locations: Paris, Israel, France, Gaza, Western Europe, Egypt, Jordan, Syria

☆ Ukraine war live updates: Drone warfare rages as Moscow and Kyiv attack each other; Putin says globalization is in 'deep crisis'
▼ + stars: | 2023-11-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Drone warfare has intensified between Russia and Ukraine over the weekend, with both sides targeting each other's capital cities with dozens of drones. Russian authorities claimed Sunday that Ukraine had targeted Moscow with dozens of drones on Saturday night, just hours after Russia launched its most intense drone attack on Kyiv since the beginning of its full-scale war in 2022, Ukrainian officials said. The alleged attacks came a day after Russia targeted the Ukrainian capital Kyiv with over 60 Iranian-made Shahed drones. The attack began hitting different districts of Kyiv in the early hours of the morning, with more waves coming as the sun came up, Reuters reported. In other news, Russian President Vladimir Putin said the model of globalization created by Western countries has outlived its usefulness.

Persons: Vladimir Putin, Putin, — Organizations: Sunday, Russia, Russian Defense Ministry, Reuters Locations: Russia, Ukraine, Moscow, Kyiv, Russian

☆ Healthcare, AI and more: How one pro is investing for a 'Goldilocks' economy
▼ + stars: | 2023-11-24 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +4 min

A so-called Goldilocks economy is one which doesn't grow too quickly, or shrink too much — in other words, it's just right. "The reason they've such a high dividend yield is because there's something wrong with the company. And so, the value of the stock has gone down, which means the dividend yield is high," he said. And so, when, when I think about dividend stocks, I'm thinking about companies that pay a moderate dividend." Buy-rated stocks CNBC Pro screened for the top dividend stocks in each of the four themes Budden is looking at.

Persons: Andy Budden, it's, Budden, Eli Lilly, He's, Bard Organizations: Capital Group, U.S . Federal Reserve, CNBC Pro, Bank of America, Pharmaceutical, Novo Nordisk, Microsoft, Google

☆ Opinion | Has the Age of Mass Protest Actually Achieved Anything?
▼ + stars: | 2023-11-22 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +3 min

In some cases, it simply dissipates — mass protest as release valve. In others, it is repurposed by more strategic actors with clearer objectives, often political agents friendlier to the establishment and working to enclose the protest energy in a big centrist tent. In still others, the initial protests present the provocation around which outraged others can mobilize a reactionary backlash. The pattern holds not just across the poorer parts of the world, where Bevins concentrates, but in more affluent and outwardly “stable” parts of Europe and North America as well. Here, recent protests have been characterized by the same two distinctive features: their enormous scale and their mercurial shapelessness.

Persons: Bevins, “, Lula Organizations: Occupy Wall, Tea Party Locations: Gezi Park, Turkey, Brazil, Chile, Ukraine, Hong Kong, Jair, Europe, North America

☆ Chinese electric car maker BYD is about to steal Tesla's crown. Here's why it's winning the race.
▼ + stars: | 2023-11-18 | by ( Nathan Rennolds | George Glover | ) www.businessinsider.com time to read: +6 min

China is the world's electric vehicle leader, with 64% of total production and 59% of global EV sales in 2022, according to the World Economic Forum. One of its biggest EV producers, BYD , looks set to topple Tesla's position as the world's top seller of electric cars. AdvertisementCheaper EVsTesla sells just four cars – the Model S and Model 3 sedans, and the Model X and Model Y SUVs. Advertisement"2023 is set to be another banner year for China in terms of EV sales," the data company said. Seeing BYD overtake Tesla in the EV race may not bring any festive cheer for Elon Musk this holiday season.

Persons: Tesla, —, Tesla's, BYD, Elon, John Keeble, Seth Goldstein, that's, Goldstein, Teslas, Musk, Morgan Stanley, Lin Shanchuan, China's, Mazzocco, Morningstar's Goldstein, Stella Li Organizations: Service, Economic, EV, Elon Musk's, Yuan, Battery, Center for Strategic, International Studies, Getty, Tesla Beijing, Rho, Reuters, Bloomberg Locations: China, Shanghai, Washington ,, Fujian, Xinhua, Norway, America

☆ Prepare for stocks to plummet 30% and a recession to strike any day now, legendary market prophet says
▼ + stars: | 2023-11-17 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Stocks could plummet by as much as 30%, a legendary Wall Street forecaster has said. He said he was betting on Treasury bonds and the US dollar and against stocks and commodities. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPrepare for stocks to plunge by a third and a recession to strike imminently, a legendary market forecaster has said. "You'd have a further decline of about 30% from here to get that 40% overall decline, peak to trough," he said.

Persons: Gary Shilling, —, I've, Julia La Roche, we're, Shilling, Merrill Lynch's, he's Organizations: Wall, Service, Co, Reserve

☆ Citi CEO Fraser touts 'clear benefits' of diversifying supply chains
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

Jane Fraser, Chief Executive Officer of Citi, speaks during the Global Financial Leaders' Investment Summit, in Hong Kong, China November 7, 2023. REUTERS/Tyrone Siu/File Photo Acquire Licensing RightsNov 16 (Reuters) - Geopolitical tensions and macroeconomic shocks are spurring businesses and governments into reconfiguring their supply chains, and the increased focus on diversification is leading to "clear benefits", Citigroup (C.N) CEO Jane Fraser said on Thursday. Since the COVID-19 pandemic and Russia's invasion of Ukraine shattered global supply chains, a debate has raged over how integrated the global economy will be in the future. Some businesses are responding by "nearshoring" - the trend of locating manufacturing capacity in Mexico, closer to the U.S. market - to keep supply chains more stable. Disruptions to the "old system" signal globalization is changing and would lead to more trade relationships and diversified supply chains.

Persons: Jane Fraser, Tyrone Siu, Fraser, Niket Nishant, Manya, Pooja Desai Organizations: Citi, Global Financial, Investment, REUTERS, Citigroup, Asia Pacific Economic Cooperation, Comprehensive Economic, Trans, Pacific Partnership, Manya Saini, Thomson Locations: Hong Kong, China, Ukraine, United States, Beijing, Mexico, U.S, India, Vietnam, Malaysia, San Francisco, Bengaluru

☆ Russia relishes divisions between China and the U.S., pouring cold water on Xi-Biden talks
▼ + stars: | 2023-11-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Russian President Vladimir Putin speaks during his press conference at the Konstantin Palace on July 29, 2023 in Saint Petersburg, Russia. Russian media have already reveled in pouring cold water on the Asia-Pacific Economic Cooperation (APEC) summit where Xi and Biden are due to meet Wednesday. Russian President Vladimir Putin was not invited due to U.S. sanctions so Deputy Prime Minister Alexei Overchuk is representing Russia at the summit. A range of Russian newspapers including Kommersant, Izvestia, Argumenty i Fakty, Nezavisimaya Gazeta and Komsomolskaya Pravda did not feature any news on the APEC summit or Xi-Biden talks. China's President Xi Jinping and U.S. President Joe Biden at the G20 Summit in Nusa Dua on the Indonesian island of Bali on Nov. 14, 2022.

Persons: Vladimir Putin, Konstantin, Xi Jinping, Joe Biden, Xi, Biden, Katherine Tai, Tai, David Paul Morris, Xi's, Alexei Overchuk, Dmitry Peskov, Kamala Harris, Kent Nishimura, Komsomolskaya, Putin, — Xi, Sergei Guneyev, Ian Bremmer, Saul Loeb Organizations: Getty, U.S, Economic Cooperation, Novosti, APEC, U.S . Trade, Russian Federation, San Francisco International Airport, American, Bloomberg, Getty Images Bloomberg, Israel, Kremlin, SAN FRANCISCO, Merchant Exchange Club, Tass, Kommersant, Izvestia, Gazeta, Komsomolskaya Pravda, Sputnik, AFP, West, Analysts, Eurasia Group, China's, Afp Locations: Saint Petersburg, Russia, Russian, San Francisco, China, Beijing, Washington, Moscow, Asia, United States, San Francisco , California, Ukraine, Pacific, U.S, CALIFORNIA, Taiwan, Nusa Dua, Indonesian, Bali

☆ A 'once-in-a-generation' factory construction boom won't bow to economic jitters. How investors can play it
▼ + stars: | 2023-11-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +6 min

Now, the window is opening on orders for the components that will go into the construction, he added. One of those exchange-traded funds is TCW Transform Supply Chain ETF (SUPP), a play on the reshoring theme. "[Yet] in just [the past] six months, we've added about $300 billion of orders for mega projects," he added. "The United States is experiencing a once-in-a-generation onshoring boom," the company said during its Oct. 27 conference call. Another top holding is Martin Marietta Materials , which produces the aggregates used for construction projects.

Persons: Chris Snyder, Eli Horton, we've, there's, Horton, Snyder, Eaton, Craig Arnold, Arnold, Martin Marietta, Hortons, we're, Michael Bloom, Nick Wells Organizations: UBS, Federal Reserve, hasn't, Steel, Trane Technologies, Waste Management, Martin, Martin Marietta Materials Locations: U.S, United States

☆ AI is going to force millions of workers to train for new jobs. The US has historically been terrible at this.
▼ + stars: | 2023-11-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Experts say many of those workers will need to be retrained for new jobs to avoid being left behind. The US economy has struggled in recent decades to help workers adjust to job disruptions. Emerging generative AI technologies like ChatGPT could eliminate or change the nature of millions of jobs over the next decade. AdvertisementWhen Donald Trump promised to bring back manufacturing jobs before the 2016 election, he was speaking to the Americans who had been left in the lurch. But many overseas jobs aren't likely to return anytime soon, among the reasons job retraining was — and remains — necessary for impacted workers.

Persons: —, Richard Baldwin, Seth Carpenter, Morgan Stanley, hasn't, Donald Trump, Michael Chui, Chui, Ethan Mollick Organizations: Service, Global, Economic, Institute, McKinsey Global Institute, University of Pennsylvania's Wharton School, PricewaterhouseCoopers, IBM, Schools Locations: United States, Mexico

Search resuls for: "Globalization"

25 mentions found