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☆ I flew on 2 long-haul flights, one in business and another in economy. The perks were drastically different — take a look.
▼ + stars: | 2024-09-27 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

I've flown across the world in both business class and economy cabins. In 2022, I was in business class with Air New Zealand. Last year, I flew in United's economy class. But after taking two long-haul flights — one in business class and the other in economy — I learned that amenities can make or break a trip. From receiving a complimentary toiletry bag on an Air New Zealand business-class flight to free earbuds on a United economy flight, take a look at all the differences in amenities.

Persons: I've, — Organizations: Air New Zealand, Service, Air New Locations: Air New Zealand

☆ A Japanese warship sailed through the Taiwan Strait for the first time in decades, as tensions grow with China
▼ + stars: | 2024-09-26 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Read previewA Japanese destroyer sailed through the Taiwan Strait for the first time in decades, Japan's Yomiuri newspaper reported, citing Japanese government officials. Japan's foreign affairs ministry and New Zealand's defense ministry didn't immediately respond to requests for comment. Related storiesIt's not the first time in recent weeks that international vessels have crossed the Taiwan Strait. During a press conference on Wednesday, China's foreign ministry said it was "highly vigilant on Japan's political intention behind this move." According to updates shared by Taiwan's defense ministry , China's aircraft, vessels, and ships now operate around Taiwan almost daily, sometimes crossing the median line in the strait and causing Taiwan to scramble its planes.

Persons: —, Fumio Kishida, Japan's, Yoshimasa Hayashi, didn't, Boris Pistorius, Lin Jian Organizations: Service, Yomiuri, Japan's, Defense Force, Business, - Defense Force, Kyoto, NHK, New, Australian Defense Force, German, Foreign Locations: Taiwan Strait, East, China, Taiwan, Japan, New Zealand, South China, Australian

☆ Eight-time F1 race winner Daniel Ricciardo leaves RB, replaced by Liam Lawson
▼ + stars: | 2024-09-26 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +4 min

CNN —Visa Cash App RB Formula One Team (RB) have announced that Daniel Ricciardo has left the team with immediate effect. He will be replaced by Red Bull junior driver Liam Lawson in a move that brings weeks of speculation to an end. So getting signed up by the Red Bull program when I was 18 … having that responsibility, that pressure, all of that, it forced me to grow up.”Ricciardo celebrates winning the 2018 Chinese Grand Prix with Red Bull. The team has served as a development ground for future Red Bull drivers in the past, but no driver has received the call-up since Alex Albon in 2019. He stepped in for Ricciardo for five races in 2023 when Ricciardo suffered a wrist injury and has served as the reserve driver for both Red Bull and RB.

Persons: Daniel Ricciardo, Liam Lawson, Ricciardo, Nyck De Vries, Red Bull, Red Bull –, “ I’ve, ” Ricciardo, “, It’ll, Laurent Mekies, ”, “ Daniel, Bull, Toro Rosso, –, Charles Coates, don’t, you’re, I’ve, Alex Albon, Lawson Organizations: CNN, One, Red Bull, McLaren, RB, Alpha, “, Team, Singapore, Prix, Red Bull Academy, Spanish, HRT, Red, CNN Sport, Renault, British, Formula Locations: Austrian, Europe, Ricciardo, New Zealand, Austin , Texas

☆ We may have finally pulled ourselves out of our economic funk
▼ + stars: | 2024-09-26 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

After two years of the double pain of inflation and high interest rates, those things are normalizing. Sure, jobs were plentiful and the economy was growing, but the combination of high prices and high interest rates felt demoralizing. It’s hard to overstate how much interest rates can change the economic mood, Brendan Duke, a senior director for economic policy at the Center for American Progress, told me. And while both Vice President Kamala Harris and former President Donald Trump have proposed ways to increase the housing supply, the process will take years. “There are economic trends like falling interest rates, and there are policies like making an investment in housing supply that can move the needle,” Duke says.

Persons: CNN Business ’, New York CNN —, Matt Phillips, Dow, That’d, Brendan Duke, ‘ it’s, ’ ”, that’s, Kamala Harris, Donald Trump, It’s, ” Duke, they’re Organizations: CNN Business, New York CNN, Dow, Wall, Center for American Progress, National Association of Realtors Locations: New York, Canada, Australia, New Zealand

☆ Elusive orca group hunts dolphins off Chile, new images reveal
▼ + stars: | 2024-09-26 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +8 min

The scientists had previously documented orcas (Orcinus orca) in the region chasing both dusky dolphins and long-beaked common dolphins (Delphinus capensis). Dusky dolphins measure about 7 feet (2 meters) long and weigh up to 187 pounds (85 kilograms). The Humboldt Current orcas weren’t eating dolphins exclusively; they hunted leatherback sea turtles, South American fur seals and Humboldt penguins, according to the study. But Humboldt Current orcas have a smaller white eye patch than known Type A orcas. A similar interaction was previously documented in Australia between an orca and a diver, but had never been observed in the Humboldt Current.

Persons: orcas, Luis Aguilar, CETALAB, Sarah Teman, ”, Teman, “, Ana Maria García Cegarra, Alexander von Humboldt, García Cegarra, ‘, García, ” Teman, Mindy Weisberger Organizations: CNN, Northern, Southern Hemisphere, Marine Science, Humboldt, of, Fishery Sciences, University of Washington, Alexander von Humboldt Institute of Natural Sciences, Chile’s University of Antofagasta, Research, Humboldt Penguin National Reserve, Hemisphere, International Union for, Chile’s Ministry of, Scientific Locations: Chile, South America, South, Antarctica, North America, Strait, Gibraltar, Scotland, Humboldt, Seattle, orcas, California, Argentina, New Zealand, Washington, British Columbia, Canada, American, Chilean Patagonia, Australia

☆ Denmark is the No. 1 country for quality of life—Canada and New Zealand also made the top 10 list
▼ + stars: | 2024-09-26 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

U.S. News and World Report recently released its ranking of the best countries in the world based on quality of life. The best countries for quality of life were scored across the following metrics:AffordableGood job marketEconomically stableFamily-friendlyIncome equalityPolitically stableSafeWell-developed public education systemWell-developed public health systemOne country noticeably missing from the top 10 is the United States. The United States ranked poorly in the metrics used to rank the best countries for quality of life — No. 49 for countries seen as not bureaucratic, Elliot Davis, reporter at U.S. News and World Report, tells CNBC Make It. "In terms of perceptions, they aren't seen as providing just quite as good a quality of life for its people as other countries."

Persons: Elliot Davis, Davis Organizations: . News, U.S . News, WPP, Wharton School, University of Pennsylvania, United States, CNBC Locations: U.S, United States

Li-Chen Miller, the vice president of product in charge of Ray-Ban Meta glasses, told CNBC that when she travels, she uses the glasses to take photos of her hotel room door, and later, she asks Meta AI to recall the number. AI that speaksZuckerberg also introduced improvements to its Meta AI chatbot that will allow people to interact with it using their voice instead of written text. Users will now be able to have natural voice conversations with Meta AI, which is accessed through Meta apps like Messenger and Instagram. Users will be able to perform actions using their voice, such as telling Meta AI to take a photo by talking to their smartphone. The new Siri-like Meta AI voice feature will be available over the next month for U.S., Canadian, Australian and New Zealand users of WhatsApp, Instagram, Facebook and Messenger.

Persons: Meta, “ I’ve, ” Zuckerberg, Mark Zuckerberg, Apple hasn’t, Zuckerberg, won’t, EssilorLuxottica, Ban, Ray, Chen Miller, Judi Dench, John Cena, Keegan, Michael Key, Kristen Bell, Siri, OpenAI, ChatGPT Organizations: Labs, Meta, Apple, VR, Amazon Music, Amazon, Quest Pro, Orion, Facebook, CNBC, IDC Locations: Menlo Park , California, Oculus, New Zealand

☆ Australian, New Zealand dollars scale new highs on China boost
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: +3 min

An Australian one-hundred dollar banknote, top, and a New Zealand one-hundred dollar banknote are arranged for a photograph in Hong Kong, China, on Thursday, March 13, 2014. The Australian and New Zealand dollars scaled multi-month peaks on Wednesday while sterling hit its highest in more than two years against a weaker dollar, as China's aggressive stimulus package provided the latest shot in the arm for risk appetite. Data on Tuesday showed U.S. consumer confidence unexpectedly fell in September, amid mounting worries over the health of the labor market. Against a basket of currencies, the dollar last stood at 100.28, languishing near a more than one-year low of 100.21. The dollar index had fallen more than 0.5% in the previous session, its largest one-day percentage fall in a month.

Persons: Sterling, Carol Kong, Wells Organizations: New, Bank of, Federal Reserve, Commonwealth Bank of Australia, greenback, Markets Locations: Australian, New Zealand, Hong Kong, China, Bank of England, U.S, Wells Fargo

In addition to the Quest 3S, Meta on Wednesday also showcased its latest prototype of augmented-reality smart glasses and announced a flurry of new features for its Meta AI chatbot. What it doesMetaA Meta representative said the "S" in Quest 3S stands for "start" — as in getting started with VR. Orion is Meta's first "fully-functioning" prototype AR glasses, Zuckerberg said, and the device is tethered wirelessly to a small "puck." The Orion glasses are an improvement on Project Nazare, prototype smart glasses that Zuckerberg announced in 2021, when the company changed its name from Facebook. As part of Wednesday's event, Meta announced new Meta AI features for its Ray-Ban smart glasses.

Persons: Mark Zuckerberg, David Paul Morris, Meta, Apple hasn't, Zuckerberg, Meta's, Cristiano Amon, Nurphoto, EssilorLuxottica, Ban, Ray, Chen Miller, Judi Dench, John Cena, Keegan, Michael Key, Kristen Bell, Siri, OpenAI, ChatGPT Organizations: Meta, Inc, Chase Center, Bloomberg, Getty, Labs, Apple, VR, Amazon Music, Amazon, Quest Pro, Orion, Facebook, Qualcomm, Samsung, Google, Nurphoto, CNBC, IDC, Wednesday Locations: San Francisco , California, Menlo Park , California, Oculus, New Zealand

It may be early to get the Halloween decorations out for most, but in the deep waters of the Pacific Ocean spooky season is well underway. Scientists said Tuesday they had discovered a new species of ghost shark that lives exclusively in the waters off Australia and New Zealand. The Australasian Narrow-nosed Spookfish was found during research surveys in the Chatham Rise, an area of ocean floor to the east of New Zealand, according to the National Institute of Water and Atmospheric Research (NIWA) based in Auckland. Ghost sharks, also known as chimaeras, are a group of cartilaginous fish closely related to sharks and rays. This long-nosed spookfish was better researched among its kind as it is often observed on research surveys and is caught incidentally in commercial fisheries, Finucci said.

Persons: Brit Finucci, Finucci, spookfish Organizations: National Institute of Water, Atmospheric Research, avia, NIWA Fisheries, NBC Locations: Australia, New Zealand, Chatham, Auckland

☆ HSBC: RBA unlikely to cut rates before Q2 next year
▼ + stars: | 2024-09-24 | 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 EmailHSBC: RBA unlikely to cut rates before Q2 next yearPaul Bloxham, HSBC's Chief Economist of Australia, New Zealand & Global Commodities, talks about Australia's struggle with persistent inflation, especially in the housing space.

Persons: Paul Bloxham Organizations: HSBC, Global Commodities Locations: Australia, New Zealand

☆ New species of ghost shark discovered by New Zealand scientists
▼ + stars: | 2024-09-24 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Scientists have discovered a new species of ghost shark that lives in deep ocean waters near Australia and New Zealand. A deep water animal, the ghost shark is scientifically known as chimaera and is closely related to sharks and rays. “Ghost sharks like this one are largely confined to the ocean floor, living in depths of up to 2,600m (8,530 feet). The ghost shark was found at a depth of around 1,200 meters (about 3,900 feet) on the Chatham Rise. “We don’t actually know a lot about ghost sharks,” Finucci told CNN at the time.

Persons: NIWA, ”, Brit Finucci, Finucci, “ Avia, “, ” Finucci, Jeevan Ravindran Organizations: CNN —, avia, New Zealand’s National Institute of Water, Atmospheric Research, “ Harriotta avia, CNN Locations: Australia, New Zealand, Chatham, New, “ Harriotta

☆ I went inside the secret room where pilots sleep on long-haul flights. It was the best seat on the plane.
▼ + stars: | 2024-09-24 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

Pilots take shifts on long-haul flights. I toured the secret room stationed above business class on an Air New Zealand Boeing 777-300ER. Go to newsletter preferences Thanks for signing up! That's why pilots take shifts on long-haul flights. When pilots aren't in the cockpit, they're resting in secret rooms on board the aircraft.

Persons: they're, — Organizations: Air New Zealand Boeing, Service, Zealand Locations: Auckland , New Zealand, Los Angeles

☆ India rules out joining world’s largest trade deal, accuses China of 'very opaque' trade practices
▼ + stars: | 2024-09-23 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

Anadolu | Anadolu | Getty ImagesIndia's commerce minister rejected the idea of joining the Regional Comprehensive Economic Partnership, the world's largest trade deal, maintaining that it is not in the country's interest to be part of a free trade agreement with China. Negotiations for the RCEP started in 2013 and initially included India, which some members viewed as a counterbalance to China. However, in 2019, India chose not to join RCEP, citing unresolved "core interest" issues. Goyal noted that at that time, India already had a free trade agreement with ASEAN, Japan and Korea, as well as a bilateral trade with New Zealand worth $300 million. "It was not in our farmers' interest, RCEP did not reflect the aspirations of our small and micro medium industries and sector, and in some form, was nothing but a free trade agreement with China," he said.

Persons: Industry Piyush Goyal, CNBC's Tanvir Gill, Goyal, RCEP Organizations: Anadolu, Getty, Regional Comprehensive Economic, ASEAN, Commerce, Industry, —, Association of Southeast Asian Nations, RCEP, New Zealand, Trade, Semiconductor Locations: China, India, Asia, South Korea, Japan, Australia, New Zealand, Korea

☆ New Zealand pilot freed after 19 months in captivity in Indonesia’s Papua
▼ + stars: | 2024-09-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +1 min

New Zealand pilot Phillip Mehrtens has been freed more than 19 months in Indonesia’s Papua, authorities said on Saturday. Indonesia’s Metro TV showed him tearfully speaking to his family by phone. New Zealand Foreign Minister Winston Peters said, “We are pleased and relieved to confirm that Phillip Mehrtens is safe and well and has been able to talk with his family. This news must be an enormous relief for his friends and loved ones.”A range of New Zealand government agencies had been working with Indonesian authorities and others towards securing Mehrtens’ release, Peters said in a statement. Another New Zealand pilot, Glen Malcolm Conning, was killed by separatist rebels in Papua in August after landing his helicopter in a remote area, authorities said at the time.

Persons: Phillip Mehrtens, Mehrtens, Egianus Kogoya, Joko Widodo, Winston Peters, “, Peters, General Faizal Ramadhani, Egianus Kogoya’s, Glen Malcolm Organizations: Zealand, Metro TV, West Papua National Liberation Army, New Zealand Foreign, Mehrtens, New Locations: Indonesia’s Papua, Timika, Nduga, New Zealand, Papua

☆ New Zealand pilot Phillip Mehrtens freed after more than 18 months in captivity in Indonesia’s Papua
▼ + stars: | 2024-09-21 | by ( Story Reuters | ) edition.cnn.com time to read: 1 min

West Papua, Indonesia — New Zealand pilot Phillip Mehrtens has been freed from more than 18 months in captivity in Indonesia’s Papua, the Indonesian police said in a statement on Saturday. An armed faction of the West Papua National Liberation Army (TPNPB), led by Egianus Kogoya, kidnapped Mehrtens on Feb. 7, 2023, after he landed a small commercial plane in the remote, mountainous area of Nduga. “We are prioritising approach through religious leaders, church leaders, traditional leaders and Egianus Kogoya’s close family to minimise casualties and maintain the safety of the pilot,” said the chief of Cartenz 2024 Peace Operations, Brigadier General Faizal Ramadhani. Mehrtens was freed and picked up by a joint team in Nduga Regency and is undergoing health check-ups and a physiological examination in Timika regency, the police said. The police they would hold a press conference later.

Persons: Phillip Mehrtens, Egianus Kogoya, Mehrtens, Egianus Kogoya’s, ”, General Faizal Ramadhani Organizations: New Zealand, West Papua National Liberation Army Locations: Papua, Indonesia, New, Indonesia’s Papua, Nduga, Nduga Regency, Timika

☆ Ikea's fleet of 250 autonomous drones takes stock of warehouse inventory without any human intervention
▼ + stars: | 2024-09-20 | by ( John Kell | ) www.businessinsider.com time to read: +9 min

Three years ago, a drone took flight at an Ikea warehouse in Switzerland for the first time. They're more self-sufficient, too: For every 10 minutes that a Verity drone is in flight, it charges for 20 minutes. Ikea's investments in Verity's drone technology fit into its broader strategy to explore and test newer supply-chain technologies. Jönsson added that deploying drones has allowed employees to have more time for analyzing inventory data. Before using warehouse drones, workers would check thousands of pallets repeatedly in order to manage inventory.

Persons: Verity, —, Raffaello D'Andrea, — there's, Uber, Jeff Bezos, Bezos, Domino's, there's, DroneUp, D'Andrea, Verity hasn't, it's, Moller, Erik Jönsson, they're, haven't, Jönsson Organizations: Ikea, Chain Management, Service, Amazon, Walmart, Companies, McKinsey & Company, McKinsey, Ikea's, Ingka, Maersk, Samsung Group, Ingka Investments, Nvidia, Federal Aviation Administration, Investors, Kiva Systems, Amazon Robotics, Qualcomm Ventures, A.P, Moller Holding, Exor Ventures Locations: Switzerland, Swiss, Dutch, —, Zealand, Arizona , Florida, Utah, Dallas

☆ How 3 friends without any hospitality experience started renting out over 400 tiny homes in remote locations around the world
▼ + stars: | 2024-09-20 | by ( Erin Liam | ) www.businessinsider.com time to read: +7 min

An early obstacleWith no experience in architecture or building, their first roadblock was figuring out how to build a tiny house. Developing their tiny houses into a profit-sharing businessAfter garnering attention from local media, the team started to receive inquiries on how to purchase tiny houses, Chia said. AdvertisementIn 2023, they set up tiny houses in SingaporeThe tiny house movement encourages minimalistic and sustainable living. Each tiny house is placed in natureBig Tiny's tiny house in Lake Stella, New Zealand. Big TinySeven years on, Big Tiny has placed more than 400 tiny houses in more than 10 countries worldwide, from Taiwan to Europe and Australia.

Persons: Adrian Chia's, Dave Ng, he'd, Dave, Chia, Ng, — Chia, Adrian Chia, Jeff Yeo, Yeo, Big Tiny, Lazarus, Tiny Organizations: Service, Business, Big, Sentosa Development Corporation, Singapore's Ministry of Trade and Industry, BI, Lake Stella Locations: Melbourne, Singapore, Chia's, Australia, Victoria, New South Wales, Germany, Lazarus, Southern, Lake Stella , New Zealand, Taiwan, Europe, New Zealand, Christchurch, Yilan

Surveys indicate that health care is among the top priorities for voters in the November presidential election. Former President Donald Trump has given little detail about his health care vision; his running mate, JD Vance, has suggested deregulation. Each country was graded on five categories: access to care, care process, administrative efficiency, equity and health outcomes. “For far too many people, high-quality medical care is out of reach.”Dr. Adam Gaffney, a critical care physician at the Cambridge Health Alliance in Massachusetts, pointed out that the U.S. differs from the other countries in one critical area: universal health care coverage. Thursday’s report also listed solutions to the country’s health care problems, including lowering the cost of care and expanding access to coverage.

Persons: Kamala Harris, Donald Trump, JD Vance, ” Dr, Joseph Betancourt, David Blumenthal, “, ”, ” Blumenthal, Lawrence Gostin, Gostin, ” Gostin, Dr, Adam Gaffney, ” Gaffney, Reginald Williams II Organizations: U.S, Commonwealth Fund, Affordable, Australia, New, Centers for Disease Control, O’Neill Institute for National, Global Health Law, Georgetown University, United, Cambridge Health Alliance, Fund, International Health Locations: U.S, United States, Australia, Canada, France, Germany, Netherlands, New Zealand, Sweden, Switzerland, United Kingdom, Massachusetts

☆ NZ sovereign wealth fund's portfolio is 80% equities, 20% fixed income
▼ + stars: | 2024-09-19 | 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 EmailNZ sovereign wealth fund's portfolio is 80% equities, 20% fixed incomeAlex Baucus, acting CIO of the New Zealand Superannuation Fund, talks about the sovereign wealth fund's investment portfolio, and how its long-term strategy affects its holdings.

Persons: Alex Baucus Locations: Zealand

☆ Dollar rebounds after Fed goes big on rate cut
▼ + stars: | 2024-09-19 | by ( ) www.cnbc.com time to read: +4 min

The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets. The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve's outsized interest rate cut that had been largely priced in by markets. Fed policymakers on Wednesday projected the benchmark interest rate would fall by another half of a percentage point by the end of this year, a full percentage point next year and half of a percentage point in 2026, though they said the outlook that far into the future is necessarily uncertain. "So to expect an easing today because of what the Fed has done seems a little bit too hard to believe." Elsewhere, the Australian dollar edged up 0.05% against its U.S. counterpart to $0.6768, while the New Zealand dollar advanced 0.04% to $0.6210.

Persons: Jerome Powell, it's, Rodrigo Catril, —, Eric Robertsen, Sterling, NAB's Organizations: U.S, Wednesday, Reuters, National Australia Bank, Bank of England, New Zealand Locations: U.S, Singapore

☆ I took a 13-hour flight to New Zealand from LA. Here are 8 mistakes I made.
▼ + stars: | 2024-09-19 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

Two summers ago, I spent 13 hours on a plane flying from Los Angeles to Auckland, New Zealand. Go to newsletter preferences Thanks for signing up! AdvertisementNew Zealand is known for its incredibly stunning scenery — and an incredibly long flight if you live in the US like me. I boarded a flight in Denver heading to Los Angeles and arrived at my final destination — Auckland, New Zealand — two days later. Between time-zone changes, a 13-hour flight, a 2.5-hour flight, and layovers, I spent nearly 24 consecutive hours in airports, airport lounges, and airplanes.

Persons: — Organizations: Service, New Zealand —, Business Locations: Los Angeles, Auckland , New Zealand, Zealand, Denver, Auckland, New Zealand

☆ I visited Waiheke Island, the 'Hamptons of New Zealand,' where Taylor Swift has vacationed and the ultra-rich reside. Take a look around.
▼ + stars: | 2024-09-18 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

Waiheke Island, off the coast of Auckland, New Zealand, is a vacation spot for the rich and famous. Go to newsletter preferences Thanks for signing up! AdvertisementWaiheke Island, off the coast of Auckland, New Zealand, is known to attract a wealthy crowd. In 2017, Vogue journalist Amy Louise Bailey coined Waiheke Island, the "Hamptons of New Zealand," and called it an "escape that is high-end but low-key." I was eager to see if Waiheke lived up to its Hamptons reputation, so on a trip to Auckland in 2022, I planned a two-night getaway to the island.

Persons: —, Amy Louise Bailey, Waiheke Organizations: Service, Vogue Locations: Waiheke, Auckland , New Zealand, New Zealand, Auckland

☆ FBI says it has disrupted major Chinese hacking operation that threatened US critical infrastructure
▼ + stars: | 2024-09-18 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

As of June, the botnet included over 260,000 hacked devices from all over the world, from North and South America to Australia, according to US officials. Those hacked devices ranged from webcams to DVRs to routers, and about half of them were located in the US, according to Wray. That Chinese hacking unit is preparing to “wreak havoc and cause real-world harm” to the US, Wray told Congress in January. Lumen researchers are watching for signs that the Chinese hackers will resurrect the botnet. A Chinese company named Integrity Technology Group managed the botnet for the last three years, according to US officials.

Persons: Christopher Wray, ” Wray, Wray, ”, “, Lumen, ” Danny Adamitis, Dakota Cary Organizations: CNN, FBI, Aspen Cyber, US, Embassy, Lumen Technologies, Lotus Labs, Integrity Technology Group Locations: Washington ,, Australia, Canada, New Zealand, United Kingdom, North, South America, Washington, China, Taiwan, California, United States, Dakota

☆ Dollar catches footing ahead of Fed
▼ + stars: | 2024-09-18 | by ( ) www.cnbc.com time to read: +3 min

The dollar steadied on Wednesday as stronger-than-expected U.S. retail sales had traders slightly trimming bets that the U.S. easing cycle will begin with an outsized interest rate cut. The Federal Reserve is expected to make its first interest rate cut in more than four years at 1800 GMT, which will be followed by a news conference half an hour later. A rate cut is fully priced, with interest rate futures implying a 63% chance of a 50 basis point cut, after flirting with 70% a day earlier. Traders say the Fed's tone as well as the size of the rate cut will drive the next moves in the foreign exchange market. China's stock, bond and currency markets resume trade on Wednesday after the mid-autumn festival break, though it is a holiday on Wednesday in Hong Kong.

Persons: Nathan Swami, Swami Organizations: Federal, Traders, Citi, Australian, New Zealand, Sterling, Bank of, ANZ Bank Locations: Buenos Aires, Argentina, Asia, U.S, Japan, Atlanta, Singapore, Hong Kong, Bank of England

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