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☆ Rare postage 'gem' featuring the world's first adhesive stamp to be auctioned for up to $2.5 million in New York
▼ + stars: | 2024-01-14 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

The oldest piece of mail to use a pre-paid Penny Black stamp is set to be auctioned in New York. The British Penny Black was the first-ever adhesive postage stamp. The letter cover has a sale estimate of $1.5 million to $2.5 million, per Sotheby's. AdvertisementThe oldest surviving piece of mail to use a pre-paid postage stamp is set to be auctioned at Sotheby's in New York. The document, known as "The Genesis of Philately," is one of the earliest known examples of the Penny Black stamp.

Persons: Penny, British Penny Black, —, William H, Penny Black, William Mulready, Allen Kane, Sotheby's, William Blenkinsop Jr, Blenkinsop, Blenkinsop —, Richard Austin Organizations: Service, British Penny, Gross, Smithsonian National Postal Museum, CNN Locations: New York, British, Irish, Northumberland, England, London, Dalston , Carlisle

☆ Boeing's latest 737 Max failure narrowly avoided tragedy — but it won't avoid scrutiny
▼ + stars: | 2024-01-07 | by ( Leslie Josephs | ) www.cnbc.com time to read: +7 min

The 737 Max 9 flown by Alaska Airlines on Friday was delivered less than three months ago. United Airlines and Alaska Airlines, the largest operators of the 737 Max 9, on Saturday said they suspended flights with those planes, forcing the carriers to cancel more than 400 flights. Boeing's leadership has spent roughly five years regrouping after the 2018 and 2019 fatal crashes of its smaller and more popular Boeing 737 Max 8, which prompted a worldwide grounding of both the Max 8 and Max 9, the two types flying commercially. According to Jefferies, the 737 Max 9 represents just 2% of Boeing's backlog of more than 4,500 Max planes. Richard Aboulafia, managing director at aviation consulting firm Aerodynamic Advisory, said the problem on the Alaska Airlines plane appears to be a manufacturing defect, not an inherent design flaw.

Persons: Jason Redmond, Max, Jim Hall, I've, we've, Dave Calhoun, Calhoun, he's, Jennifer Homendy, Aerosystems, John Goglia, Jefferies, Richard Aboulafia Organizations: Reuters Boeing, Alaska Airlines, Federal Aviation Administration, FAA, National Transportation Safety Board, Boeing, United Airlines, Regulators, Airbus, hasn't, Wall Street, NTSB Locations: Renton , Washington, Portland , Oregon, Ontario , California, Portland, United, Alaska

☆ $800,000 tuna to be turned into sushi at Michelin-starred restaurant
▼ + stars: | 2024-01-06 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +3 min

Read previewA bluefin tuna sold for 114.2 million Japanese yen, or nearly $800,000, at Tokyo's largest fish market is set to be served at a Michelin-starred restaurant in Japan. The prized tuna will be enjoyed by diners at the Michelin-starred sushi restaurant Onodera in Tokyo's upmarket Ginza district, reported The Japan Times. Media crowd around as a 524 pound bluefin tuna - which was purchased earlier in the day for $788,440 at the first tuna auction of the New Year in Tokyo on January 5, 2024. The world record price for a tuna was set in 2019, when the sushi tycoon and "Tuna King," Kiyoshi Kimura, paid $3.1 million for a 612-pound fish. AdvertisementDerek Wilcox, a chef trained in Japan and who worked there for 10 years, previously told Business Insider that bluefin tuna was "the most sought after."

Persons: —, Hiroki Matsushita, Yukitaka Yamaguchi, Bluefin, RICHARD A, BROOKS, Kiyoshi Kimura, Kimura, Derek Wilcox Organizations: Service, Michelin, Bloomberg, Business, Onodera Group, Japan Times, Media, Getty, Japan National Tourism Organization, AFP, Oma Locations: Japan, Aomori Prefecture, Ginza, Tokyo, AFP

☆ Airbus notched a single order this year for its worst-selling plane
▼ + stars: | 2023-12-03 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

Airbus secured a single order for its worst-selling A330-800neo widebody airliner this year. In April, a single order for the A330-800neo was quietly added to Airbus' order book from an undisclosed customer. A Uganda Airlines Airbus A330-800neo. Air Greenland's Airbus A330-800neo. The few carriers that fly the A330-800 have sung its praisesA Kuwait Airways Airbus A330-800neo.

Persons: —, 800neo, Royce Trent, Thomas Pallini, Richard Aboulafia, Peter Ingram, Jacob Nitter Sørensen, intially, Maen Razouqi Organizations: Airbus, Airlines, Boeing, Service, Business, Uganda Airways, Kuwait Airways, Garuda, Air Greenland, Royce, Uganda Airlines Airbus, Air Greenland's Airbus, United Airlines, Hawaiian Airlines, Kuwait Airways Airbus, Aviation, Uganda Airlines, JFK, Dulles International Locations: Garuda Indonesia, Air, Greenland, Kuwait, New York, Washington , DC

☆ Live updates: Israel-Hamas war, hostage release deal approved, 4-day Gaza truce
▼ + stars: | 2023-11-22 | by ( Tara Subramaniam | Jessie Yeung | ) edition.cnn.com time to read: +1 min

Youssef Alzanoun/Middle East Images/Getty Images/FileThe number of journalists killed in the Israel-Hamas conflict since October 7 has increased to at least 53, according to the Committee to Protect Journalists (CPJ). The death toll is comprised of 46 Palestinians, four Israelis, and three Lebanese, the CPJ said in a statement Tuesday. The Israeli military said it is reviewing the incident. Presence in the area is dangerous,” the Israeli military added on Tuesday. "CPJ is also investigating numerous unconfirmed reports of other journalists being killed, missing, detained, hurt, or threatened," the statement added.

Persons: Youssef Alzanoun, Al Mayadeen, Richard Allen Greene, Eve Brennan Organizations: Palestine, Protect Journalists Locations: Khan Yunis, Gaza, Israel, Lebanon

☆ Piper Ferguson’s ‘Indie Seen’ book documents early-2000s rock
▼ + stars: | 2023-11-21 | by ( Marianna Cerini | ) edition.cnn.com time to read: +9 min

The Libertines, Yeah Yeah Yeahs, Modest Mouse and Amy Winehouse might all be considered part of the movement, albeit in very different ways. Ferguson’s debut book “Indie, Seen” offers a raw and nostalgic look at the early-2000s, with behind-the-scenes portraits depicting artists from Interpol to Kasabian, Peaches to PJ Harvey. Piper Ferguson The Strokes, shot for 'Rolling Stone' in 2001 after their performance at The Troubadour in Hollywood. Piper Ferguson The Yeah Yeah Yeahs performing at the NY Parking Lot show in Williamsburg, New York, in 2002. Piper Ferguson Beck, who graces the cover of "Indie,Seen," is pictured in a shot for 'Mojo' magazine in 2006.

Persons: Britney Spears, Christina Aguilera, Pete Doherty, Julian Casablancas, Amy Winehouse, Piper Ferguson, Ferguson’s, Kasabian, PJ Harvey, ”, ” Johnny Marr, Ferguson, Iwan Gronow, Jack Mitchell, Beck, Piper Ferguson Greg Lee, Hepcat, Ferguon, Piper Ferguson Beck, Shalyce Benfell, ” Ferguson, “, Piper Ferguson There’s Joe Strummer, Richard Ashcroft, Johnny Marr, Coldplay, LA’s Chateau Marmont, Blood, ” “, Greg Lee, Don’t Organizations: CNN, Sony, Interpol, DJ, Coachella, Coachella —, Verve, Smiths, West, LA’s, taco, Mojo, ”, Spotify, Insight Locations: Los Angeles, taco, Hollywood, Los Feliz, Williamsburg , New York, Portland , Oregon, London, ”

☆ OpenAI's wild weekend just upended the world of AI
▼ + stars: | 2023-11-20 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . OpenAI, the hottest startup in the world thanks to its chatbot ChatGPT, fired Altman on Friday afternoon. AdvertisementBut according to reports over the weekend, OpenAI investors were scrambling to reinstate Altman before today's opening bell. Advertisement"The board no longer has confidence in his ability to continue leading OpenAI," the post went on to say.

Persons: —, Michaels, Sam Altman's, Sam Richard A, Sam Altman, OpenAI, Altman, Greg Brockman, Satya Nadella, It's, Mira Murati, Emmett Shear, Ilya Sutskever, Alistair Barr, Altman wasn't, Alistair, Larry Fink, Fink, Arnd Wiegmann, Warren Buffett, Berkshire Hathaway, Lee Munson, there's, Andy Jassy, Anna Kim, Joe Biden, Harry Truman, Robert F, Kennedy, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Hobby, OpenAI, Microsoft, Altman, BlackRock, Reuters, Berkshire, Wealth, Web, Associated, Turkey, Getty, Wars Locations: OpenAI, BlackRock, Turkey, New York City, San Diego, London, New York

☆ Climate change: The world briefly smashed through the 2-degree warming limit for the first time ever
▼ + stars: | 2023-11-20 | by ( Angela Dewan | Laura Paddison | ) edition.cnn.com time to read: +5 min

Provisional ERA5 global temperature for 17th November from @CopernicusECMWF was 1.17°C above 1991-2020 - the warmest on record. Our best estimate is that this was the first day when global temperature was more than 2°C above 1850-1900 (or pre-industrial) levels, at 2.06°C. According to the Intergovernmental Panel on Climate Change, the world needs to decrease emissions by 45% by the end of this decade compared to 2010 to have any hope of limiting global warming to 1.5 degrees Celsius above pre-industrial levels. Another UN report also found that the world is planning to blow the fossil fuels production limit that would keep a lid on global heating. By 2030, countries plan to produce more than twice the limit of fossil fuels that would cap warming at 1.5 degrees.

Persons: Samantha Burgess, Sam Burgess 🌍🌡, Du, ks to Organizations: CNN, Provisional Locations: Europe, @CopernicusECMWF

☆ Man United nears sale of 25% stake to Jim Ratcliffe for $33 a share -Sky News
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +4 min

The Glazer family announced last November that they were exploring "strategic alternatives" for the club, including a possible sale and were open to fresh investment. Manchester United's U.S.-listed shares rose 9.5% to $20.10 in early trading on Friday. Manchester United generates more revenue and has a larger fan base than its London rival. The Glazer family has faced intense criticism from fans over its handling of this key part of the club's operations. The six descendants of American businessman Malcolm Glazer, who died in 2014, currently control 96% of Manchester United's voting stock.

Persons: Glazer, Jim Ratcliffe, Ratcliffe, Sir Alex Ferguson, Richard Arnold, Roman Abramovich, Todd Boehly, Phil Noble, Malcolm Glazer, Ineos, Eva Mathews, Matt Scuffham, Arun Koyyur, Susan Fenton Organizations: Manchester, soccer, Sky News, Old, Manchester United, Premier League soccer, Chelsea, U.S, Clearlake, REUTERS, Reuters, Tampa Bay Buccaneers, Forbes, Ligue, Nice, Swiss Super League, FC Lausanne, Racing Club Abidjan, Ivory Coast Ligue, Grenadiers, Thomson Locations: Old Trafford, Manchester United's U.S, London, Manchester, Britain, Ineos, British, Bengaluru

☆ Man United nears $33 per share stake deal with Ratcliffe - Sky News
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

The offer represents a premium of 79.1% to the stock's Thursday closing price of $18.43, which gave the Old Trafford club a market capitalization of about $3 billion. Ratcliffe, also the chair of petrochemicals firm Ineos, would pay more than $1.5 billion for a 25% stake in United if his bid for the soccer club is accepted, Reuters reported in October. The Glazer family, which made its fortune in real estate, retail and healthcare and owns the NFL's Tampa Bay Buccaneers, bought the team for 790 million pounds in 2005. The six descendants of American businessman Malcolm Glazer, who died in 2014, together control 96% of Manchester United's voting stock. The deal was yet to be finalised and remained the subject of ongoing negotiations, Sky News reported on Friday.

Persons: Jim Ratcliffe, Phil Noble, Glazer, Ratcliffe, Malcolm Glazer, Richard Arnold, Patrick Stewart, Eva Mathews, Arun Koyyur Organizations: REUTERS, Manchester, soccer, Sky News, Old, U.S, Reuters, Tampa Bay Buccaneers, Premier League, Thomson Locations: Old Trafford, Manchester, Britain, United, Bengaluru

☆ Man Utd CEO Arnold to leave club ahead of possible sale
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +2 min

Soccer Football - Funeral of former England and Manchester United footballer Bobby Charlton - Manchester Cathedral, Manchester, Britain - November 13, 2023 Manchester United CEO & director Richard Arnold arrives at Manchester Cathedral REUTERS/Phil Noble Acquire Licensing RightsCompanies Manchester United PLC FollowNov 15 (Reuters) - Manchester United (MANU.N) CEO Richard Arnold will step down, the Premier League club said on Wednesday, ahead of the club's reported stake sale to British billionaire Jim Ratcliffe. General counsel and board director Patrick Stewart, who has been with the club for over 17 years, will be become interim CEO. Patrick Stewart's appointment as interim CEO would allow United's new joint owners to identify the right long-term candidate to run the club, Sky News reported, citing one source. Manchester United did not immediately respond to a Reuters' request for comment on the rationale. Arnold will provide "transitional support" until the end of December, the club said, and they will start looking for a permanent CEO, United said in a statement.

Persons: Bobby Charlton, Richard Arnold, Phil Noble, Jim Ratcliffe, Patrick Stewart, Glazer, Arnold, Ed Woodward, Erik ten Hag, Ratcliffe, Patrick Stewart's, United, Yadarisa, Shinjini Ganguli, Bhattacharjee Organizations: Soccer, Manchester United, Manchester Cathedral, Manchester Cathedral REUTERS, Rights Companies Manchester United, Premier League, Reuters, Sky News, Thomson Locations: England, Manchester, Britain, United, Bengaluru

☆ Comets that bounce around the universe could be delivering the ingredients for life to alien planets
▼ + stars: | 2023-11-15 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

They could also have delivered similar building blocks of life to other planets. Scientists at Cambridge University propose that comets may "bounce" around the universe, carrying the essential ingredients to create life on alien worlds. They specifically looked at systems carrying rocky planets around low-mass stars — stars that are smaller than our sun. AdvertisementStill, Bonsor said the research suggests a low-mass planetary system is less likely to carry life than a system with a brighter star. "We're all super excited in the community about the fact that we can find habitable zone planets around low-mass stars.

Persons: —, Richard Anslow, it's, Amy Bonsor, Bonsor, she's Organizations: Service, Cambridge University, Cambridge's Institute of Astronomy, University of Cambridge, Royal Society

☆ This $13,000 microcar is outselling Teslas in Japan. Here's what drivers love about it.
▼ + stars: | 2023-11-05 | by ( Tom Carter | ) www.businessinsider.com time to read: +5 min

Drivers told Insider the tiny car is a "blast" to drive and perfect for driving in busy cities. AdvertisementAdvertisementJapan's best-selling EV is a tiny car that sells for just $13,000 — and drivers have told Insider exactly what they like best about it. "A smaller electric car is more sustainable and suits a lot of people's actual driving needs. I think that's at least partly why bigger electric cars, like Teslas, are not so popular here," he added. "I think Japanese automakers underestimated the appeal of electric cars here for a long time," he said.

Persons: Nissan Sakura, —, Sakura, Nissan, Michael Brown, Brown, Michael, RICHARD A, BROOKS, Tesla Organizations: Nissan, Drivers, EV, Service, Bloomberg, Mitsubishi, Reddit, Toyota, Honda, Suzuki Locations: Japan, Higashimurayama City, Tokyo

☆ Bank of Japan Backs Away From Rate Cap Amid Persistent Inflation
▼ + stars: | 2023-10-31 | by ( Megumi Fujikawa | ) www.wsj.com time to read: 1 min

The Bank of Japan decision came with an acknowledgment that inflation in the country is more long-lasting than the central bank had expected. Photo: richard a. brooks/Agence France-Presse/Getty ImagesTOKYO—The Bank of Japan said on Tuesday that it would consider its cap on government bond yields as a reference point rather than a hard boundary, backing away from a seven-year-old policy amid persistent inflation. Since 2016, the Bank of Japan has prevented the yield on 10-year Japanese government bonds from rising above a certain level, part of a policy known as yield-curve control. In July, it raised the hard cap to 1% from 0.5%.

Persons: richard Organizations: Bank of Japan, Agence France, Getty, The Bank of, Bank of Locations: TOKYO, The Bank of Japan, Bank of Japan

☆ Japan’s Seven-Year Experiment in Extreme Interest-Rate Control Is Coming to an End
▼ + stars: | 2023-10-31 | by ( Megumi Fujikawa | ) www.wsj.com time to read: 1 min

The Bank of Japan acknowledged that inflation in the country is more long-lasting than it had expected. Photo: richard a. brooks/Agence France-Presse/Getty ImagesTOKYO—The Bank of Japan edged closer to a new era in which it ends the unconventional monetary easing it has long pursued, although Gov. Kazuo Ueda wasn’t ready to declare the old era over yet. The central bank said Tuesday that its 1% cap on the 10-year government bond yield would now be considered a reference rather than a hard limit. It sharply raised its price forecast, saying the inflation rate would likely stay near 3% until early 2025.

Persons: richard, Kazuo Ueda wasn’t Organizations: Bank of Japan, Agence France, Getty, The Bank of Japan Locations: TOKYO

☆ Kelly Johnson, who is married to House Speaker Mike Johnson, practices a form of Christian counseling that classifies people into 'choleric', 'phlegmatic,' and other ancient personality types purporte
▼ + stars: | 2023-10-30 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

Kelly Johnson, the wife of House Speaker Mike Johnson, was a Christian therapist. It is not clear if Kelly Johnson will continue her practice. Not long after Rep. Mike Johnson became House speaker last week, Kelly Johnson's website became inaccessible. The couple is deeply religious; both Kelly and Mike Johnson previously worked with religious organizations and causes the religious right advocates for. Along with her counseling, Johnson is also listed as an advisor to the Louisiana Right for Life, an anti-abortion organization.

Persons: Kelly Johnson, Mike Johnson, Johnson, Hippocrates, —, Kelly Johnson's, Kelly, Richard, Phyllis Arno, Tim LaHaye, LaHaye, Jack Kemp's, George W, Mike Huckabee, LeHaye, Hodges Organizations: Service, National Christian Counselor's, National Christian Counselors Association, The New York Times, Arkansas Gov, APS, Education, Louisiana Tech, Centenary College, Cypress Baptist Church, Johnsons, Southern Baptist Convention, LGBT, CNN Locations: Louisiana, Benton, La

☆ Kelly Johnson, who is married to House Speaker Mike Johnson, practices an ancient form of Christian counseling that classifies people into 'choleric', 'phlegmatic,' and other personality types purport
▼ + stars: | 2023-10-30 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +7 min

☆ Boeing struggles to steer defense unit in another year of losses
▼ + stars: | 2023-10-27 | by ( Valerie Insinna | ) www.reuters.com time to read: +5 min

The Boeing KC-46 Pegasus aerial refueling tanker is seen before a delivery celebration to the U.S. Air Force in Everett, Washington, U.S., January 24, 2019. Despite absorbing $4.4 billion in losses in 2022 – which executives said would lower the risk of future cost overruns – the unit has seen little improvement this year. Excluding last year, losses on Boeing's defense programs in 2023 exceed those from all years since 2014, according to a Reuters review of Boeing’s regulatory filings. The latest charge for Air Force One brought total losses to $2.4 billion on a $3.9 billion contract to develop two planes. A better bet, and one Boeing's defense segment is aggressively pursuing, is inking future contracts for next-generation fighter jets and cutting-edge drones.

Persons: Lindsey Wasson, Lockheed Martin, Brian West, Byron Callan, ”, Seth Seifman, JP Morgan, “, NASA's, West, there's “, Richard Aboulafia, ” Aboulafia, Valerie Insinna, Rod Nickel Organizations: Boeing KC, Pegasus, U.S . Air Force, REUTERS, Rights, Air Force, Boeing, Lockheed, General Dynamics, Capital Alpha Partners, U.S . Defense Department, NASA, BDS, Boeing Defense Space, U.S . Air Force's KC, KC, Thomson Locations: Everett , Washington , U.S, Ukraine

☆ Davos in the Desert: Jamie Dimon and other bankers visit Saudi Arabia as Israel-Hamas war rages
▼ + stars: | 2023-10-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +6 min

Dubbed “Davos in the Desert,” the annual Future Investment Initiative (FII) will welcome about 6,000 participants from more than 90 countries over the next three days. Since the Hamas assault on October 7, Israel has widened its offensive against the Palestinian militant group and other regional enemies. Saudi Arabia’s crown prince Mohammad bin Salman, denied any personal involvement in Khashoggi’s murder but later confirmed it was carried out by Saudi officials. Bin Salman chairs the Public Investment Fund. “Very few people” had canceled plans to attend the conference, according to Richard Attias, the CEO of the FII Institute, the event’s organizer.

Persons: Jamie Dimon, Citigroup’s Jane Fraser, Defense Lloyd Austin, Larry Fink, Goldman Sachs, David Solomon, Noel Quinn, Ray Dalio, Stephen Schwarzman, Harvey Schwartz, Blackstone, Carlyle, “ We’re, it’s, ”, Fraser, Fink, “, Karen E, WeWork, Slack, Jamal Khashoggi, Saudi Arabia’s, Mohammad bin Salman, Bin Salman, bin Salman, Masayoshi, Richard Attias, Young, — Winston Lo, Michelle Toh Organizations: London CNN, “, Future Investment Initiative, Defense, Palestinian, Israel Defense Forces, West Bank, HSBC, Citigroup, Saudi, Public Investment Fund, Columbia University’s Center, Global Energy, CNN, Reliance Retail, Softbank’s Vision, Future Investment, FII Institute, Young of Columbia University Locations: Saudi Arabia, Israel, “ Davos, Gaza, Lebanon, Riyadh, Ukraine, Europe, United States, Washington, Russia, Saudi, Istanbul, Kingdom, Hong Kong

A Saudi man's reflection is seen in mirror glass at the Future Investment Initiative conference, in Riyadh, Saudi Arabia, October 25, 2022. Geopolitical tensions heightened by the Middle East conflict pose the biggest threat to the world economy, World Bank President Ajay Banga said. The conflict could upset the stability of the Middle East just as regional powerhouse Saudi Arabia pours hundreds of billions of dollars into a vast economic transformation plan. Saudi Arabia is putting U.S.-backed plans to normalise ties with Israel on ice, two sources familiar with Riyadh's thinking said, signalling a rapid rethinking of its foreign policy priorities as war rages between Israel and Hamas. The last year has seen Saudi Arabia spend billions on companies, from sports to gaming to aviation.

Persons: Ahmed Yosri, Ajay Banga, Banga, Laurence Fink, Fink, Goldman Sachs, David Solomon, JPMorgan's, Jamie Dimon, Jane Fraser, Ray Dalio, Dalio, Noel Quinn, Bill Winters, Barack Obama, Yasser al, Salomon, Hess, Stephen Schwarzman, Schwarzman, Prince Mohammed bin Salman, Joe Biden's, Richard Attias, Rosario, Amanda Cooper, Alun John, Michael Georgy, Anousha, John O'Donnell, Susan Fenton Organizations: Future Investment Initiative, REUTERS, Rights, Saudi Arabia's, Hamas, BlackRock, Bridgewater Associates, HSBC, Former U.S, U.S, Saudi Telecom Corp, Telefonica, Investment Fund, Chevron, Blackstone Group, Investment Initiative, Saudi, FII, Reuters, Jorgelina, Thomson Locations: Saudi, Riyadh, Saudi Arabia, Rights RIYADH, Israel, Davos, Swiss, Gaza, Europe, Asia, London

☆ Copper demand weakness in Chinese real estate offset by green investing: Freeport-McMoRan's Adkerson
▼ + stars: | 2023-10-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCopper demand weakness in Chinese real estate offset by green investing: Freeport-McMoRan's AdkersonRichard Adkerson, Freeport-McMoRan CEO, joins 'Closing Bell Overtime' to talk copper demand in the global economy, copper prices and more.

Persons: Richard Adkerson Organizations: McMoRan Locations: Freeport

☆ Chinese attendance at Saudi conference doubles as Riyadh courts Beijing
▼ + stars: | 2023-10-19 | by ( Pesha Magid | ) www.reuters.com time to read: +2 min

A Saudi man's reflection is seen in mirror glass at the Future Investment Initiative conference, in Riyadh, Saudi Arabia, October 25, 2022. REUTERS/ Ahmed Yosri/File Photo Acquire Licensing RightsRIYADH, Oct 19 (Reuters) - Around 300 Chinese "decision makers" are attending Saudi Arabia's flagship investment conference this year, organisers said on Thursday, double last year's attendance as Riyadh deepens its relationship with China despite U.S. concerns. In defiance of its key Western ally, Prince Mohammed invited Chinese President Xi Jinping to visit the kingdom and launched a Chinese-Arab summit. In August, the BRICs group of nations, which includes China, invited Saudi Arabia to become a new member of the bloc. Saudi Arabia is halfway through an ambitious economic transformation plan - Vision 2030 - to wean the economy off oil by creating new industries, generating jobs for citizens, and luring in foreign capital and talent.

Persons: Ahmed Yosri, Richard Attias, Attias, Prince Mohammed bin Salman, Joe Biden, Prince Mohammed, Xi Jinping, ” Attias, Morgan, Jamie Dimon, Citi's Jane Fraser, Yoon Suk Yeol, William Ruto, Paul Kagame, Pesha Magid, Aziz El Yaakoubi, Christina Fincher Organizations: Future Investment Initiative, REUTERS, Rights, Saudi, FII Institute, Wall Street, Washington, Wall, HSBC, Standard Chartered, Kenyan, Rwandan, Thomson Locations: Saudi, Riyadh, Saudi Arabia, Rights RIYADH, China, Gaza, Asia

☆ What to know about the surprise Hamas attack on Israel
▼ + stars: | 2023-10-07 | by ( Hadas Gold Richard Allen Greene Amir Tal Ibrahim Dahman Abeer Salman Kareem Khaddar Nadeen Ebrahim | Hadas Gold | Richard Allen Greene | ) edition.cnn.com time to read: +9 min

In response to the attack, Israel launched “Operation Swords of Iron,” striking a number of targets in the Gaza strip. After Hamas seized control of Gaza, Israel and Egypt imposed a strict siege on the territory, which is ongoing. Before Saturday’s operation, the last war between Hamas and Israel was in 2021, which lasted for 11 days and killed at least 250 people in Gaza and 13 in Israel. A member of Israeli security forces tries to extinguish fire on cars following a rocket attack from the Gaza Strip in Ashkelon, southern Israel. Western states condemned the Hamas attack and pledged support for Israel while Arab states, including those that have recognized Israel, called for calm.

Persons: Benjamin Netanyahu, –, ” Netanyahu, Muhammad Al, Deif, ”, Mohammed Abed, Netanyahu, Daniel Hagari, Ammar Awad, Richard Hecht, Hecht, “, Jack Guez, Fatah, Israel, Harakat, Muqawama, Mahmoud Abbas, Ahmad Gharabli, Joe Biden, Washington “, Ilan Rosenberg, Reuters “, Frank, Walter Steinmeier, Isaac Herzog, Israel “ Organizations: Jerusalem CNN, Israeli, Palestinian, Hamas, “, Beer Sheba, Israel Defense Forces, CNN, IDF, Getty, Reuters, West Bank, Gaza, West Bank ., Getty Images, Palestinian Authority, Islamia, Islamic Resistance Movement, Oslo Accords, Palestine Liberation Organization, PLO, European Union, United, Saturday Locations: Gaza, Jerusalem, Israel, Tel Aviv, Beer, Sderot, Al, Aqsa, Hamas, Gaza City, AFP, Ashkelon, Lebanon, Syria, Lebanese, Egypt, Yom Kippur, Oslo, United States, Iran, Saudi Arabia, Saudi, UAE

☆ United Airlines to announce order for 110 Airbus, Boeing jets -sources
▼ + stars: | 2023-10-03 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

A United Airlines Airbus A319-100 jet takes off from Washington National Airport in Washington, U.S., August 9, 2017. Airbus, Boeing and United declined to comment. Demand has rebounded for long distance widebody jets to meet international travel demand. Weakening pricing power in United's domestic market has sparked concerns about travel demand, reflected in airline share prices. At the time, the order sparked concerns about United Airlines' balance sheet.

Persons: Joshua Roberts, Richard Aboulafia, Jefferies, Aboulafia, Valerie Insinna, Mehr Bedi, Tim Hepher, David Shepardson, Shounak Dasgupta, William Maclean, Bernadette Baum, David Gregorio Our Organizations: United Airlines Airbus, Washington National Airport, REUTERS, Rights, United Airlines, Boeing, Airbus, Reuters, United, Air Canada, Air France, KLM, NYSE, Carriers, Thomson Locations: Washington , U.S, Washington, Bengaluru

☆ BOJ increases Wednesday's bond purchase as 10-year JGB yields hit decade peak
▼ + stars: | 2023-10-02 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

A pedestrian walks past the Bank of Japan (BoJ) building in central Tokyo on July 28, 2023. Richard A. Brooks | Afp | Getty ImagesThe Bank of Japan announced it's increasing its bond purchases at Wednesday's auction, as a spike in government bond yields tests its resolve to defend its yield curve control policy. Yields on 10-year Japanese government bonds hit as much as 0.775% Monday, its highest since September 2013 and nearing the BOJ's hard 1% cap. The Japanese yen shed nearly 0.3% to about 149.73 yen against the dollar, nearing the 150 yen level that prompted BOJ intervention last year. Hawkish comments in the minutes of a lively BOJ September policy meeting released earlier Monday reignited expectations the BOJ is slowly laying the groundwork for the end to negative interest rates.

Persons: Richard A, Brooks, it's, BOJ, Hawkish, Kazuo Ueda's, Ueda's Organizations: Bank of Japan, Afp, Getty, of Japan Locations: Tokyo

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