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☆ SoftBank is betting on AI and an IPO revival after swinging to a $7.7 billion profit
▼ + stars: | 2024-11-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

SoftBank reported a $7.7 billion quarterly profit on Tuesday after a loss last year. SoftBank Vision Fund's CFO told BI that "macro tailwinds" helped its public portfolio. AdvertisementGains for its Vision Fund 1, a $98.6 billion investment vehicle launched in 2016 with backing from Abu Dhabi and Saudi Arabia's sovereign wealth funds, totaled $3 billion in the second quarter. Despite the investment gain, Vision Fund 2 has lost an overall total of $21 billion since its inception. The results come as SoftBank gears up for a huge investment spree in AI to realize Son's ambitious vision.

Persons: SoftBank, —, Masayoshi, Didi Chuxing, Navneet Govil, Ola, Govil, PayPay Organizations: Service, Funds, Vision, IPOs, Nvidia Locations: Abu Dhabi, Saudi, China, OpenAI, Mexico, India, ByteDance

☆ What Trump's election victory means for global investors — and why it's different to 2016
▼ + stars: | 2024-11-12 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

President-elect Donald Trump's return to the White House has sent ripples through global financial markets, with many investors looking to recalibrate their portfolios for a dramatically different policy landscape ahead. Higher Treasury yields mean higher interest rates for corporate borrowers. Trump's tariffs Perhaps the biggest concern for investors globally is Trump's campaign promise of aggressive new tariffs , including the potential for a universal 10% tariff on all imports and a 60% tariff on Chinese goods. However, some Asian nations might benefit if higher tariffs on China prompt manufacturers to relocate. Europe Most analysts agree that U.S. trade tariffs are likely to hurt Europe, with some companies able to navigate the challenges better than others.

Persons: Donald Trump's, Russell, Mislav Matejka, David Seif, Goldman Sachs, Gareth Leather, Macquarie, Aditya Suresh, Mark Diethelm, Diethelm, Emmanuel Cau, — CNBC's Michael Bloom Organizations: White, Republican, Trump, U.S, Nasdaq, Treasury, Nomura, Federal Reserve, Asia Capital Economics, Capital Economics, U.S ., Union, Morningstar, Logitech, Barclays Locations: Congress, Treasurys, Trump's, U.S, United States, Korea, Taiwan, China, Vietnam, Asia, India, Europe

☆ Climate Action 15: 2024's Leading Innovators for a Sustainable Future
▼ + stars: | 2024-11-11 | by ( ) www.businessinsider.com time to read: +40 min

Editor's note: Business Insider's reporters and editors nominated leaders based on insights from past Climate Action honorees, expert sources, and reader submissions. Courtesy of Jayson RicamaraSaudi Arabia, with its hot desert climate and little fresh water, is one of the most difficult farming environments. AdvertisementIyris in October also launched a sustainable-farming pilot in Saudi Arabia with chemical and plastic manufacturers as well as companies including Red Sea Global, a luxury tourism developer. A UN climate panel estimated that harnessing wave energy could supply 20% more electricity than the world produced in 2022. The US is trying to shore up its own mining and manufacturing base to curb China's power, including in battery recycling.

Persons: Derya Baran, Iyris Derya Baran, Jayson Ricamara, Baran, SecondSky, who's, Inna Braverman, Braverman, David Leb, Charles Callaway, Environmental Justice Charles Callaway ., Callaway, Clara, Gretchen Cara Daily, Stanford University Gretchen Cara Daily, Daily, NatCap, Juan Carlos Navarro, Panama Juan Carlos Navarro, Panama Navarro, José Raúl, Haiti —, Navarro, del, Reinhold Gallmetzer, Reinhold, Gallmetzer, Brazil's JBS, packer, Diane Gilpin, Smart Green Shipping Diane Gilpin, Gilpin, Drax, Roberta Tuurraq Glenn, Borade, Savok Glenn, Glenn, Cynthia Houniuhi, Houniuhi, it's, Arvind Kumar, Prasad, Rice, Kumar, Ari Matusiak, Gazur, Matusiak, —, Duncan McIntyre, McIntyre, Altenex, Ozane, Biden, It's, Delta, Liz Ricketts, Charlie Engman Ricketts, Ricketts, Ricketts didn't, Chao Yan, Princeton NuEnergy Chao Yan, Yan Organizations: Iyris, United Arab, King Abdullah University of Science, Technology, Red, Eco, UN, Eco Wave Power, Shell, Environmental Justice, Proctor Academy For Callaway, Metropolitan Transportation Authority, Green Institute, Callaway, Natural, Stanford University, Stanford, Facility, Ministry, Environment, Panama's, UNESCO, US State Department, National Association for, Nature, Center, for, Carrefour, Nestlé, Smart Green Shipping, Scottish Enterprise, International Windship Association, Maritime Organization, Union, Alaska Arctic Observatory, National Weather Service, AAOKH, University of Alaska, Pacific Islands, University of, International Court of Justice, United Nations, Prasad Seeds, Labor, Prasad, International Rice Research Institute, Rewiring, Reduction, Communities, Highland Electric, Schools, Highland, Beverly Public Schools, Fortune, Edison International, Louisiana, US Department of Energy, Ozane, White, LNG, Vessel Project, Biden, Department of Energy, Kantamanto, London . Brands, McKinsey, Princeton, New Jersey Institute of Technology, Princeton University, Princeton NuEnergy, Energy, Laboratory, EV Locations: Jayson Ricamara Saudi Arabia, Saudi Arabia, United Arab Emirates, Egypt, Spain, Ukraine, Cherkassy, Israel, Gibraltar, Port of Los Angeles, Porto, Portugal, West Harlem, New York City, Clara Hale, Costa Rica, Belize, China, NatCap, Stanford, Panama, Colombia, Venezuela, Haiti, Panama City, Brazil, Peru, Brazilian, , Norway's, Barrow, Furness, Alaska, University of Alaska Fairbanks, Utqiaġvik, Fanalei, Solomon Islands, Fiji, Vanuatu, Tonga, Asia, Saharan Africa, India, Philippines, Nepal, Bangladesh, Africa, Hyderabad, South, Southeastern Asia, Subhanpur, Rewiring America, Massachusetts —, Sulphur , Louisiana, Calcasieu, Vessel Project Louisiana, Accra, Ghana, New York, London, Kantamanto, Taiyuan, China's Shanxi, Argonne, South Carolina

☆ Toxic smog in Pakistan is so bad you can see it from space
▼ + stars: | 2024-11-11 | by ( Helen Regan | Sophia Saifi | ) edition.cnn.com time to read: +6 min

CNN —Record-breaking levels of thick, toxic smog that have shrouded eastern Pakistan and northern India since last month can be seen in striking satellite imagery. Air quality worsens in the winter because colder and drier air traps pollution, rather than lifting it away, as warm air does when it rises. Satellite imagery from NASA Worldview shows Pakistan’s Punjab province and parts of northwest India on August 31, 2024. NASA Worldview/CNN Satellite imagery from NASA Worldview shows heavy smog over Pakistan’s Punjab province and parts of northwest India on November 10, 2024. Meanwhile, WHO says 6.7 million people die annually from the combined effects of ambient and household air pollution.

Persons: Arif Ali, Sajid Bashir, Khuram, Raja Jahangir Anwar Organizations: CNN, NASA, World Health, Associated Press, Getty, Traders, Protection Agency, ”, EPA, Environment, WHO Locations: Pakistan, India, Punjab, New Delhi, Lahore, Multan, Pakistan’s, AFP, Faisalabad, Gujranwala, “

☆ Trump tariff threat looms large on several Asian countries — not just China — says Goldman Sachs
▼ + stars: | 2024-11-11 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

President Donald Trump meets business leaders at the Great Hall of the People in Beijing, China, in November, 2017. Donald Trump's victory in U.S. elections has raised the specter of higher tariffs on China — but it may not be the only Asian country that faces this predicament, according to Goldman Sachs. Meanwhile, Vietnam's trade surplus with the U.S between January and September stands at $90 billion. U.S. data shows that the U.S. trade deficit with China narrowed to $279.11 billion in 2023, from $346.83 billion in 2016. Regardless of tariffs, Goldman still expects continued pressure for the relocation of certain supply chains from China to Southeast Asia, India or Mexico in particular.

Persons: Donald Trump, Donald Trump's, Goldman Sachs, Trump, Andrew Tilton, Tilton, Mr Trump, Trump's, Brian Tan, Mari Pangestu, Pangestu, Goldman Organizations: of, People, Pacific, Trump, U.S, United, Emerging Asia, Barclays Bank, FT Commodities Locations: Beijing, China, U.S, Asia, Korea, Taiwan, Vietnam, South, United States, India, Japan, Singapore, Thailand, Malaysia, Mexico, Indonesia, Trump, Southeast Asia

☆ The multi-billion dollar battle to host an F1 race is heating up
▼ + stars: | 2024-11-11 | by ( Chris Hawes | ) www.cnbc.com time to read: +3 min

Who will win a 2026 Grand Prix? "We are receiving calls from prime ministers, from governments that really want to host the Grand Prix," F1 CEO Stefano Domenicali told CNBC's "Inside Track." The Belgian Grand Prix adds an estimated $248 million to the national economy each year. Abu Dhabi, which held its first Grand Prix in 2009, spent $40 billion constructing an artificial island to do it. "It didn't have anything before the plans for the Abu Dhabi Grand Prix."

Persons: Stefano Domenicali, CNBC's, Domenicali, Abu, Saif Rashid Al Noaimi, YouGov, Robin Fenwick, Guy Antognelli, McLaren, Zak Brown, You've, Lewis Hamilton Organizations: CNBC, Abu, Grand Prix, Monaco, Monaco Government Tourist, Convention Authority, Cannes Film, Cote d'Azur, Bloomberg Locations: Thailand, South Korea, India, Rwanda, Belgian, Europe, America, Belgium, Abu Dhabi, Yas, Grand, Saudi Arabia, U.S, Monte Carlo, Monaco, Cote

☆ Global manufacturing is poised for a temporary boom ahead of possible Trump tariffs
▼ + stars: | 2024-11-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Trump's proposed tariffs could lead to increased global manufacturing activity temporarily. Related Video China, Russia boast that trade is at an "all-time high" despite Western sanctions"Just as businesses try to get ahead of that, you could actually see a little bit of pop in global manufacturing, China manufacturing, as we head into the first quarter," he added. Exports could dip with focus on trade deficitsAny a temporary boost in trade would just be that: temporary. Advertisement"Higher US tariffs on Chinese exports could re-direct those exports into Asia, hurting local production," wrote the Nomura economists. "More tit-for-tat trade retaliation, trade policy uncertainty and delayed policy easing in some Asian economies will also likely spill into domestic demand," they added.

Persons: —, Donald Trump, Trump, Joe Lupton, Zichun Huang Organizations: Service, JPMorgan, Capital Economics, Exports, Nomura Locations: China, Russia, Vietnam, Japan, South Korea, India, Asia

☆ Singapore's DBS eyes Malaysian bank stakes in expansion push, Reuters reports
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: +3 min

Deliberations are in very early stages, however, the sources said, and any formal negotiations for an acquisition of a stake in a Malaysian bank would need approval from the Malaysian central bank, or Bank Negara Malaysia. "We do not comment on market rumors and speculation," said a spokesperson for DBS, Southeast Asia's biggest lender by assets. Alliance Bank, the second smallest listed bank in Malaysia by total assets, and Bank Negara Malaysia did not respond to requests for comment after business hours on Friday. DBS is the only Singaporean bank without a retail banking presence in Malaysia. Local rivals Oversea-Chinese Banking Corporation and United Overseas Bank both have retail banking operations in Malaysia.

Persons: Piyush, Gupta, Tan Su Shan, Anwar Ibrahim Organizations: DBS Group Holdings, DBS, Alliance Bank Malaysia Bhd, Kuwait Finance House's, Bank Negara Malaysia, Temasek, Alliance Bank, Kuwait Finance House, Local, Oversea, Chinese Banking Corporation, United Overseas Bank, Gupta, Malaysian Locations: Malaysia, Singapore, Temasek, Kuwait, Malaysian, Bank, China, India, Indonesia, Taiwan

☆ The coming reign of the only child
▼ + stars: | 2024-11-11 | by ( Ann Friedman | ) www.businessinsider.com time to read: +16 min

American women are having kids later in life, leaving less time to bear multiple children. American women in general are having children later, but the delay is most pronounced among the most educated. Even religious conservatives, who are biblically motivated to be fruitful and multiply, are starting families later and more often having only one child. So what will the coming reign of the only child mean for America? Just as having children is no longer seen as a required stage of adulthood, having siblings will no longer be a de facto part of childhood.

Persons: Hallie Parker, —, Parker, Harry Potter, Harriet, Dennis, Menace, They're untethered, Drew Barrymore, Woods, Kanye, Zers, we've, it's, Granville Stanley Hall, Spock, Hall, Toni Falbo —, Thomas Edison, Jack Welch, Carl Icahn —, Rebecca Zisser, It's, Anastasia Berg, What's, isn't, Berg, Corinne Lyons, wasn't, fiancé, Lyons, China's, Onlies, they'll, iStock, they're, Paul Ehrlich, Anne, Bill McKibben, Elon Musk, JD Vance, Rainer Turim, Ann Friedman Organizations: National Council, Family Relations, Granville, Harvard, Hall, Detroit, Alpha Kappa Alpha Locations: America, Sweden, France, China, Stanford, Vietnam, India, Manhattan, Los Angeles

☆ Menendez family Los Angeles mansion is the new ‘dark tourism’ hot spot
▼ + stars: | 2024-11-09 | by ( Lilit Marcus | ) edition.cnn.com time to read: +5 min

CNN —This week in travel news: why true crime buffs are heading to Beverly Hills, a look at the world’s only Michelin-starred ice cream restaurant and the reaction to a “makeunder” of one of Italy’s star attractions. Ice, ice babyThis -40 °C pastry dessert at Minimal is served with a side of gelato. MINIMALWe all scream for ice cream — and “we” includes the Michelin guide, which recently awarded one of its coveted stars to Minimal, an ice cream restaurant in Taiwan. Not-so-bella vistaVideo Ad Feedback They replaced the Trevi fountain and tourists are ‘disappointed’ 01:17 - Source: CNNThe Trevi fountain might be the most famous tourist attraction in a city packed to the brim with tourist attractions. However, recent visitors to the famous fountain were less than impressed with what they found.

Persons: Menendez, Lyle, Erik Menendez, Jose, Kitty, “, I’m, Toni Ricci, “ We’re, Arvin Wan, ”, gua bao, Trevi, you’ve, Haggis, Moo Deng, There’s, George Clooney, Alicia Park Organizations: CNN, Michelin, Netflix, Beverly Hills, Edinburgh Zoo, Royal Zoological Society of Scotland Locations: Beverly Hills, Beverly, Argentina, Guatemala, Colombia, Sweden, United States, Taiwan, Taichung, Rome, India, Costa Rica, It’s, Lake Como, Jaywalking, New York City

☆ The youngest member of Goldman's 2024 partner class takes us inside his big day, from his call with President John Waldron to celebrating with his boss
▼ + stars: | 2024-11-09 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

Feroz Khosla, part of Goldman Sachs' financing group, was named a Goldman partner on Thursday. AdvertisementFeroz Khosla was seated at his desk at Goldman Sachs' lower Manhattan headquarters when the call came in. AdvertisementGoldman Sachs partners comprise the firm's highest-ranking executives outside the C-Suite, responsible for units representing billions of dollars in business. At one point, someone leaned over and said to Khosla's wife: "Welcome to the family," he said. "Goldman Sachs was the first family that I really had when I left India," he said, adding: "Frankly, it's the only jersey I want to wear."

Persons: Feroz Khosla, Goldman Sachs, Goldman, Khosla, —, John Waldron, Waldron, He's, David Solomon, Michael Kovac Champagne toasts, Manhattan . Khosla, Vivek Bantwal, Bantwal, he'd, Lucy, Reed Alexander Organizations: Service, Manhattan ., Education Locations: Manhattan, India, America

☆ Voters worldwide are angry about higher prices and keep punishing those in power
▼ + stars: | 2024-11-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +6 min

Incumbent governments have been punished in Britain, France, India, Japan, South Korea, and elsewhere. The near-universal shift away from Democrats echoes voters' rejection of incumbent political parties across the world this year. South Africa's African National Congress (ANC) party lost its majority. Similarly, Deutsche Bank's Reid wrote that voters are disappointed by how slowly their lives are improving amid cooler economic growth. He said they don't buy that incumbents can tackle immigration, some incumbent governments have had scandals, and voters have become "much more willing to change their vote from election to election."

Persons: Donald Trump's, Kamala Harris, —, Donald Trump, Biden, Harris, Narendra Modi, Korea's Democrat Party snagged, Jim Reid, Tina Fordham, Louis Perron, Deutsche Bank's Reid Organizations: Service, Democratic, Britain's Labour Party, Conservative Party, Rally, Japan's Liberal Democratic Party, Indian, Korea's Democrat Party, National Congress, ANC, Deutsche Bank, Fed, Bank of England, European Central Bank, CNN, Win, Deutsche Locations: Britain, France, India, Japan, South Korea, London, Tokyo, Seoul, Cape Town, Washington, Gaza, country's, South, Ukraine

☆ Rushdie’s ‘Satanic Verses’ can be imported in India after court is told 1988 ban order can’t be found
▼ + stars: | 2024-11-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +2 min

NEW DELHI, India — India’s three-decade ban on importing author Salman Rushdie’s controversial book “The Satanic Verses” has effectively been lifted after a court said the government was unable to produce the original notification that imposed the ban. The India-born British author’s novel was banned by India in 1988 after some Muslims viewed it as blasphemous. The Delhi High Court was hearing a 2019 case challenging the import ban of the book in India. Khan’s plea said he approached the court after being told at bookstores that the novel could not be sold or imported in India and then when he searched, he could not find the official import ban order on government websites. Even in court the government has been unable to produce the order, he said.

Persons: Salman Rushdie’s, “, ”, Uddyam Mukherjee, Sandipan Khan, Khan’s, Prophet Muhammad, Iran’s, Ruhollah Khomeini, Rushdie, Booker Organizations: Court Locations: DELHI, India, Delhi, New York

☆ Mubi cancels film festival in Turkey after Daniel Craig film ‘Queer’ is banned
▼ + stars: | 2024-11-08 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Variety-Live-Blog-Byline-Image.Png | ) www.nbcnews.com time to read: +2 min

“Queer” — releasing in the U.S. with A24 — world premiered in Venice to positive reviews. After the festival, Mubi acquired the film for multiple territories, including the U.K., Ireland, Canada, Latin America, Germany, Austria, Benelux, Spain, Turkey and India and all rights excluding theatrical in Italy. This ban not only targets a single film but also undermines the very essence and purpose of the festival. For this reason, MUBI has decided to take the position that our audience expects from us. It is with deep regret that we inform you of our decision to cancel the entire MUBI Fest Istanbul.

Persons: Mubi, Luca Guadagnino’s “, William S, Burroughs, Daniel Craig, —, MUBI, ” Organizations: Fest, MUBI Fest Locations: Turkey, Fest Istanbul, Mexico, U.S, Venice, Ireland, Canada, Latin America, Germany, Austria, Benelux, Spain, India, Italy, MUBI, MUBI Fest Istanbul, Kadıköy District Governorate, Istanbul

☆ I've flown on Singapore's world's longest flight in business class. It was nice, but the new seats will be a game changer.
▼ + stars: | 2024-11-08 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

I'm exited Singapore Airlines is adding doors to business class after flying the current seat. AdvertisementIn early 2023, I flew Singapore Airlines on the world's longest flight to experience what is considered a top-tier business class. Taylor Rains/Business InsiderSince then, I've flown in door-equipped business class on Japan's All Nippon Airways and British Airways. The carrier announced plans in November to retrofit 41 Airbus A350 planes with a new door-equipped business class. Air India launched its new pod-like business class in January as it completely overhauls its brand.

Persons: I'm, —, Taylor Rains, I've, Goh Choon Phong, Skytrax's Organizations: Singapore Airlines, Service, All Nippon Airways, British Airways, Boeing 777X, Air India, Air, Turkish Airlines, American Airlines, Korean Locations: Singapore, Qatar

☆ 7 telling moments from Putin's first speech since Trump won
▼ + stars: | 2024-11-08 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

Russian President Vladimir Putin addressed the Valdai Forum on Thursday. The Russian president said he'd be open to discussing Ukraine with Trump. AdvertisementRussian President Vladimir Putin on Thursday congratulated Donald Trump on his US election victory in a wide-ranging speech that was followed by a three-hour marathon question and answer session. Trump's "desire to restore relations with Russia, to help end the Ukrainian crisis, in my opinion, deserves attention at least," the Russian president said. His reference to China's 'reasonable' Taiwan policyThe Russian president backed ally China's position on Taiwan, the independent island that Beijing has menaced with the prospect of invasion.

Persons: Vladimir Putin, he'd, —, Donald Trump, Putin, Trump, China's, that's, Israel's Organizations: Trump, Service, NATO, NBC, Russian Federation, West, Russia, Analysts Locations: Taiwan, Ukraine, Russia, Russian, Beijing, China, Europe, Brazil, India, South Africa, Israel, Palestine

☆ I swore I would leave the US if Trump won the 2016 election. Here's how that worked out for me.
▼ + stars: | 2024-11-08 | by ( Sonya Moore | ) www.businessinsider.com time to read: +6 min

Sonya Moore decided that if Trump won in 2016, she would leave the US. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"If Trump wins this election, I'm moving out of the country." Trump won the election, and 9 months later, I left the US. After four months in India, I continued making my way through Asia for eight more months.

Persons: Sonya Moore, Trump, Moore, —, I'm, uproot, Dalai Lama, I've, We've Organizations: Service, Trump Locations: Asia, Siem Reap, Cambodia, India, Dalai, Maldives, Bali, mountaintops, Laos, Philippines, Myanmar, Manhattan, COVID, France, Papua New Guinea, America

☆ The sectors — and stocks — to buy in Asia after Trump's win, according to analysts
▼ + stars: | 2024-11-08 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Former U.S. President Donald Trump's victory over Vice President Kamala Harris in this week's election has raised questions about how Asia will be impacted. "When passed, the [tariffs] will sweep across Asia, particularly China [and] should spike volatility and compress multiples as uncertainty prevails." Even so, the analysts say the region is "more prepared than in 2016" and investment opportunities remain, especially given the weaker yen and stimulus in China. This will bring about "structural shifts in global supply chain ... [and] could boost infrastructure spending in ASEAN and South Asia," he added. The currency has fallen versus the dollar following Trump's win, hitting 154.7 per dollar on Wednesday — its weakest level since July 30.

Persons: Donald Trump's, Kamala Harris, India's, Hong, Tai Hui, Hui, Stocks, — CNBC's Lim Hui Jie Organizations: U.S, Trump, Macquarie Research, Nikkei, Dow Jones, Nasdaq, Morgan Asset Management, Congress, Mitsubishi Electric, Mitsubishi, Japanese pharma, Chugai Pharmaceutical, SK Hynix Locations: Asia, China, ASEAN, South Asia, U.S, Macquarie, Japan

☆ ‘Death by a thousand cuts’: How experts warn Trump could use an authoritarian playbook to go after the media
▼ + stars: | 2024-11-08 | by ( Hadas Gold | ) edition.cnn.com time to read: +8 min

Trump has praised the leaders of many of these nations, especially Hungary’s far-right prime minister Viktor Orbán. Those angles include attacking journalists, discrediting their reporting, applying pressure on media owners to induce self-censorship, launching legal challenges, and leveraging wealthy allies to buy up media outlets to turn them into government mouthpieces. Those outlets were then centralized into the powerful media conglomerate, the Central European Press and Media Foundation (KESMA). That hub now controls roughly 500 outlets, Wójcik said, “consolidating the majority of pro-government media under a single entity.”The few remaining independent media outlets that continue to operate in the country “face challenges, including legal obstacles and broadcast license denials,” Wójcik said. Kamenchuk also expressed optimism that the “levers and limits” on the executive branch enshrined in US law will work to protect the free press.

Persons: Donald Trump, Trump, Sharon Moshavi, “ It’s, ’, Viktor Orbán, “, Moshavi, ” Moshavi, Olga Kamenchuk, Kamala Harris, Harris, ” Kamenchuk, ” Anne Applebaum, ” Applebaum, who’s, Orbán’s, Anna Wójcik, Orbán, Wójcik, ” Wójcik, Mikhail Zygar, Der Spiegel, Vladimir Putin, ” “ Putin, ”, Putin, A.G . Sulzberger, ” Sulzberger, Applebaum, it’s, Kamenchuk Organizations: New, New York CNN, International Center for Journalists, Northwestern University, The Washington Post, Los Angeles Times, Kozminski University, “, Central European Press and Media Foundation, “ Journalists, CBS, New York Times Locations: New York, Europe, United States, Russia, Hungary, India, Poland, Washington, authoritarians, Russian

“The fact that there could have been a South Asian woman in the White House … we’re not there yet, but it would have been very nice. “There’s a great deal of disappointment in that sense,” said Shakeel Syed, executive director of the nonprofit South Asian Network. She steeped her daughters in all things South Asian, said Harris, who grew up eating South Indian food, like potato curry and masala dosa, and hearing Gopalan speak Tamil. Like many young and progressive Asian Americans, she said Israel’s war in the Gaza Strip has been an important issue for her. In the meantime, South Asian voters say they have no choice but to keep pushing.

Persons: they’re, Kamala Harris ’, Harris, Donald Trump, ”, Anjali Bhatt, we’re, ” Bhatt, Trump, she’s, Sumati Thomas, Harris ’, I’ve, Kamala Harris, ” Harris, Joe Biden, Biden, There’s, Shakeel Syed, Gopalan, “, P.V, Thomas, Bhatt, they’d, Harris didn’t, Syed, ” Syed, Harris wanes, Usha Vance, Vivek Ramaswamy, “ It’s, ” Thomas Organizations: South, D.C, Republican, Harris ’ Democratic, South Asian, Democratic, South Asian Network, Democratic National Convention, University of California, Civil Rights Movement, DNC, ”, American, Trump, White, Indian American Locations: South Asian, Washington, America, In Mississippi, South, India, California, Chennai, Indian, Berkeley, U.S, Gaza, Southeast Michigan, Pakistan, Bangladesh, American

☆ Access to healthcare will remain a priority for the US, says Biocon CEO
▼ + stars: | 2024-11-07 | 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 EmailAccess to healthcare will remain a priority for the US, says Biocon CEOPeter Bains, Group CEO of Biocon, talks about how the India-based pharmaceutical company is placed ahead of a second Trump presidency, as well as the development of its weight-loss and anti-obesity drug.

Persons: Peter Bains Organizations: Biocon, Trump Locations: India

☆ Apple's Tim Cook is going to have a headache on his hands if Donald Trump follows through on tariffs this time around
▼ + stars: | 2024-11-07 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Apple will face hefty costs if Donald Trump sticks to his blanket tariffs pledge. CEO Tim Cook joined the chorus of tech leaders congratulating Trump on winning the 2024 presidential election with an X post on Wednesday. Related storiesIf China decides to retaliate against the Trump administration's proposed tariffs, it could also hurt Apple in the region. The tech company is currently facing a US antitrust lawsuit that accuses it of maintaining an illegal monopoly on smartphones. AdvertisementSince Trump has yet to take office, Chatterjee said the world will have to "wait and see" what policies become official.

Persons: Donald Trump, Trump, Jacob Channel, —, Apple, Tim Cook, it's, Jacob, Dipanjan Chatterjee, Chatterjee Organizations: Apple, Service, Jacob Channel, Business, Trump, BI, Big Tech, Google Locations: China, India, Asia, Greater China

☆ Dr Reddy's Laboratories CEO on becoming a market leader in India
▼ + stars: | 2024-11-07 | 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 EmailDr Reddy's Laboratories CEO on becoming a market leader in IndiaErez Israeli, CEO of Dr Reddy's Laboratories highlights the moves he is undertaking to position his company as a market leader in India. He discusses the acquisition of a nicotine replacement therapy business, a joint venture with Nestlé India, and introducing new drugs aimed at improving standards of care as part of his growth strategy.

Persons: India Erez Organizations: Reddy's, Reddy's Laboratories, Nestlé Locations: India, Nestlé India

☆ Nissan is slashing 9,000 jobs after a dire financial performance
▼ + stars: | 2024-11-07 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Nissan is cutting 9,000 jobs globally to reduce costs, the company said Thursday. Nissan will cut production capacity by 20% and executives will take pay cuts. AdvertisementNissan is cutting 9,000 jobs globally in an effort to cut costs, the Japanese automobile giant said in an earnings statement on Thursday. Nissan said that sales volumes decreased year-on-year to 1.6 million cars, hurt by higher selling and production costs, particularly from the US. Along with the layoffs, Nissan is cutting production capacity by 20%.

Persons: —, Makoto Uchida, Guillaume Cartier, Carlos Ghosn Organizations: Nissan, Service, Automotive News, Automotive Locations: Africa, Middle East, India, Europe, Oceania, China, North America, Japan, Lebanon

It all started with a summer project when he was 12 and "super into the game Minecraft," Guo tells CNBC Make It. He recently moved from Southern California to Bali, Indonesia, where he splits a villa with friends and spends his free time surfing. The expense is well worth it for high-quality food, Guo says: "One of the best parts about Bali is how clean and healthy the food is. "Most of my expenses go towards food, but if I do spend money, it's typically towards gifts for family or my girlfriend." As far as what he doesn't spend on, "I absolutely refuse to spend money on things that depreciate in value," like luxury goods, Guo says.

Persons: Steven Guo's, Guo, Steven Guo, Roth, frugally, China who's, We're Organizations: CNBC, University of California, Amazon Prime, YouTube, Transportation Locations: Southern California, Bali, Ruda Putra, Indonesia, Irvine, U.S, Philippines, UK, India, California, Canggu, Portugal, Australia, Hawaii, China, Canada

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