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☆ Infinite Monkey Theorem: Monkeys will never write Shakespeare, new study finds
▼ + stars: | 2024-11-01 | by ( David Hodari | David Hodari Is A London-Based Editor. | ) www.nbcnews.com time to read: +5 min

The Infinite Monkey Theorem hypothesizes that, given a typewriter and an infinite amount of time, a monkey could in theory produce the full works of William Shakespeare. According to Open Source Shakespeare, a web page containing all of the bard’s plays, poems and sonnets, there are 884,421 words in the entire works of Shakespeare. While the Shakespeare Birthplace Trust says the writer introduced more than 1,700 words into the English language, "banana" was not one of them. Other academics were less incredulous, suggesting that the paper was a wild goose chase — a phrase itself invented by Shakespeare. It may be time for the theorem to exit popular usage — pursued, unsuccessfully, by a monkey.

Persons: William Shakespeare, Franklin, ” Stephen Woodcock, “, ” Woodcock, it’s, Woodcock, Jay Falletta, Shakespeare, George — “, ”, ” Ian Stewart, ” Martin Hairer, Daniel Simmonds, Simmonds, — Organizations: Galaxy, University of Technology Sydney, university’s, Mathematical, Physical Sciences, NBC News, Trust, Warwick University, Imperial College London, London Zoo, Zoological Locations: Australia, Zaire

Australian golfer Jeffrey Guan has vowed to return to the sport and “conquer any obstacle” after he was struck in the face by a golf ball and completely lost sight in his left eye. “The instant ringing and pain rushed to my head, and I dropped to the ground,” Guan wrote. Any activity that required energy, including walking and eating, would leave him in “excruciating pain,” he wrote. Though he missed the cut, “just competing in the event was a massive accomplishment,” Golf Magazine wrote. He had recently signed a deal with Sportfive, a sports marketing company based in Germany that also represents Spanish professional golfer Jon Rahm.

Persons: Jeffrey Guan, ” Guan, “, ”, Guan, Guan’s, Jon Rahm Organizations: Catalina Golf Club, PGA Tour, Australia, Australian Sports Foundation, Sportfive Locations: Australian, New South Wales, Australia, ”, Canberra, Sydney, California, Germany, Spanish

☆ Those typing monkeys will never produce Shakespeare’s works, mathematicians say
▼ + stars: | 2024-11-01 | by ( Amarachi Orie | ) edition.cnn.com time to read: +4 min

CNN —Talented though they may be, monkeys will never type out the complete works of William Shakespeare, or even a short book, a new study suggests. The Infinite Monkey Theorem is a famous thought experiment that states that a monkey pressing random keys on a typewriter would eventually reproduce the works of the Bard if given an infinite amount of time and/or if there were an infinite number of monkeys. However, in the study published in the peer-reviewed journal Franklin Open, two mathematicians from Australia’s University of Technology Sydney have rejected this theorem as “misleading” within the confines of our finite universe. They challenged it by looking at the Finite Monkeys Theorem, in which there is a finite amount of time and a finite number of monkeys. “By the time you’re at the scale of a full book, you’re billions of billions of times less likely,” he continued.

Persons: William Shakespeare, Bard, Stephen Woodcock, ”, Woodcock, Jay Falletta, George, ” Woodcock, Chris Banerji, Alan Turing, Banerji, ’ ”, Bard ‘ Organizations: CNN, Franklin, Australia’s University of Technology Sydney, University of Technology, Alan, “ Locations: University of Technology Sydney, London

☆ 'Father of the iPod' says Apple's staggered AI rollout is smart — and 'doesn't require nuclear power'
▼ + stars: | 2024-11-01 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Tony Fadell said Apple's staggered rollout of its AI features is smart. Apple Intelligence features became available Monday with iOS 18.1. Apple's AI features launched on iPhones with the release of iOS 18.1 on Monday. "People were like, 'I downloaded it,' and they were like, 'Apple's AI is meh,'" Fadell said. AdvertisementDuring Apple's earnings call on Thursday, CEO Tim Cook talked more about Apple's AI strategy, which plans to release additional Apple Intelligence features in December.

Persons: Tony Fadell, Fadell, Apple's, —, Apple, Siri, Tim Cook, Cook Organizations: Apple Intelligence, Service, Apple, Google, Microsoft, Big Tech, Constellation Energy, Amazon, Amazon Web Services Locations: SMRs, Australia, Canada, Ireland, New Zealand

☆ Dollar steady as investors eye U.S. jobs report, election
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: +3 min

The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The U.S. dollar started November off at a lower level after coming under pressure against the yen and euro on Thursday. (Kazuo) Ueda's press conference," Morgan Stanley MUFG economists Takeshi Yamaguchi and Masayuki Inui wrote in a report on Thursday. The Fed's monetary policy decision next week comes just days after the U.S. presidential election on Tuesday.

Persons: Nonfarm, Tapas Strickland, Kazuo, Ueda's, Morgan Stanley, Takeshi Yamaguchi, Masayuki Inui, Sterling, Rachel Reeves, Donald Trump, Kamala Harris, Trump's Organizations: Federal, Bank of Japan, U.S ., Reuters, National Australia Bank, Gov, U.S, Republican, Democratic, Trump, Treasury, Federal Reserve Locations: U.S

☆ Asia markets set for a mixed open after key Wall Street benchmarks clock worst day in 2 months
▼ + stars: | 2024-11-01 | by ( Anniek Bao | ) www.cnbc.com time to read: 1 min

SHANGHAI, CHINA - MARCH 01: Skyscrapers stand at the Pudong Lujiazui Financial District on March 1, 2022 in Shanghai, China. Asia-Pacific markets were set to open mixed Friday, after Wall Street benchmarks the Nasdaq Composite and S&P 500 suffered their worst day in nearly two months on downbeat Microsoft earnings forecast and Meta results. Traders await a slate of economic data from the region, including third-quarter producer prices index reading from Australia and Caixin China manufacturing purchasing managers' index for October. Japan's Nikkei 225 appeared set for a softer open, with the futures contract in Chicago at 38,470 and their counterpart in Osaka at 38,370 against the index's last close of 39,081.25. Futures for Hong Kong's Hang Seng index stood at 20,432, pointing to a rebound from its last close at 20,317.33.

Persons: Australia's Organizations: Pudong Lujiazui Financial, Nasdaq, Traders, Japan's Nikkei Locations: SHANGHAI, CHINA, Shanghai, China, Asia, Pacific, Australia, Chicago, Osaka

☆ Gold little changed ahead of U.S. payrolls data
▼ + stars: | 2024-11-01 | by ( ) www.cnbc.com time to read: +2 min

Twenty kilogram gold and silver bricks sit at the ABC Refinery smelter in Sydney, New South Wales, Australia, on Thursday, July 2, 2020. Gold traded little changed on Friday as investors refrained from taking big positions ahead of the U.S. payrolls data that could provide further clues about the Federal Reserve's interest rate outlook. Spot gold was flat at $2,746.09 per ounce, as of 0235 GMT. Gold prices gained more than 4% in October amid safe-haven flows spurred by the Middle East tensions and U.S. election uncertainty. Zero-yield gold thrives in a low interest rate environment.

Persons: Gold, Edward Meir, Kamala Harris, Donald Trump, nonfarm, Meir Organizations: ABC Refinery, Democratic, Republican, Reuters, Traders Locations: Sydney , New South Wales, Australia

Actor Ryan Reynolds has nothing but loving words for his friend Taylor Swift after spending the weekend in New Orleans to see the singer's "The Eras Tour" concert. It’s a special place on a normal day — but this weekend, felt like Super Bowl or Mardi Gras had a baby with music," Reynolds wrote. Reynolds remarked that he doesn't understand the level of work, care and discipline Swift generates to create such an experience. "The main reason I’ll never forget this show is because it brings people together in so many ways," Reynolds wrote. She wrote on Wednesday that she was "still smiling" about the New Orleans shows.

Persons: Ryan Reynolds, Taylor Swift, Reynolds, Blake Lively, It’s, Gras, Kam Saunders, Swift, I’ll, Swift's, She's Organizations: New Locations: New Orleans, Canada, Glendale , Arizona, Australia, Japan, Singapore, Europe

☆ Radiohead's Thom Yorke walks off stage in response to Israel 'genocide' heckler
▼ + stars: | 2024-10-31 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +1 min

Radiohead singer Thom Yorke left the stage during a concert Wednesday after a member of the audience shouted about Israel's assault on the Gaza Strip. Yorke was playing a show in Melbourne, Australia as part of a solo tour when, according to multiple videos captured by concertgoers, a man yelled: "Do you condemn the Israeli genocide of Gaza? On stage, Yorke replied: "Come up here and say that." Yorke, 56, is on a solo tour while Radiohead is on a lengthy hiatus. Radiohead has faced criticism in the past for playing gigs in Israel and not joining a boycott of the country by some artists.

Persons: Thom Yorke, Yorke, concertgoers, Radiohead, Jonny Greenwood, Netanyahu Organizations: Karma, Health Ministry, Trump, America . Locations: Gaza, Melbourne, Australia, Israel, America, Tel Aviv

☆ Thom Yorke: Radiohead singer walks off stage after being heckled by pro-Palestinian protester
▼ + stars: | 2024-10-31 | by ( Amarachi Orie | ) edition.cnn.com time to read: +2 min

CNN —Radiohead singer Thom Yorke took off his guitar and left the stage during his solo concert in Melbourne, Australia, on Wednesday after being heckled by a pro-Palestinian protester. Yorke replies by saying, “Come up here and say that. Come up on the f**king stage and say what you want to say.”Pointing at the heckler, he continued: “Don’t stand there like a coward. Radiohead has previously come under scrutiny for the band’s decision to perform in Tel Aviv. However, the band rejected the call, with Yorke saying, “Playing in a country is not the same as endorsing its government” and music is about “crossing borders, not building them.”

Persons: Thom Yorke, Sidney Myer, Yorke, “, ” Yorke, Radiohead, brutalised, ”, Pink Floyd, Roger Waters, Ken Loach Organizations: CNN, Sidney, Sidney Myer Music Bowl, heckler, Karma Police, Arts Centre Melbourne, The, Israel, West Bank, Radiohead, Palestine Locations: Melbourne, Australia, Gaza, Tel Aviv, East Jerusalem, British

☆ The US is on the cusp of a lithium boom to loosen China's grip on EVs
▼ + stars: | 2024-10-31 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +7 min

AdvertisementThe US is on the cusp of a lithium boom after years of laying the groundwork for an electric-vehicle supply chain that doesn't rely on China. The three sites, expected to come online between 2026 and 2028, would massively increase the US's lithium supply. A Tiehm's buckwheat plant in Esmeralda County, Nevada, grows beside where the Rhyolite Ridge lithium-boron mine is planned. AdvertisementRowe said Ioneer redesigned the Rhyolite Ridge mine to limit its footprint in the critical habitat of the endangered wildflower, Tiehm's buckwheat. The Biden administration, in issuing the permit for the mine, said it would not jeopardize the flower's survival.

Persons: —, Biden, Bernard Rowe, VCG, Rowe, Karl Friedhoff, Robyn Beck, Thacker, Ioneer, brines Organizations: Service, EV, Atlantic Council, Chicago Council, Global Affairs, House, Biological Diversity, Biden, Western Shoshone Defense, AP, Resources, Survey Locations: Nevada and California, China, Nevada, Thacker, Australia, South America, Chile, Argentina, Shanghai İnternational Port, Asia, Japan, India, Ioneer, California, Texas, Shoshone, Esmeralda County , Nevada, Oregon, Arkansas

☆ Apple stuck it to the naysayers with better-than-feared financials, emerging iPhone 16 demand
▼ + stars: | 2024-10-31 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

While the hardware sales are certainly profitable, they pale in comparison to the profitability of Apple's Services. It's impossible to do consistently, and that's why Jim Cramer always says "own, don't trade" Apple stock. During the reported quarter, Apple returned over $29 billion to shareholders, including $3.8 billion in dividends and equivalents and another $25 billion via the repurchase of 112 million shares. Though Services sales missed the mark, gross income managed to outpace expectations thanks to significant year-over-year margin expansion. The growing installed base of active devices is of course translating into strong engagement with Apple's services.

Persons: Luca Maestri, that's, Jim Cramer, Time Cook, Apple, we're, Maestri, Jim Cramer's, Jim, Michael M Organizations: Apple, Samsung, Dell, HP Inc, of Asia, of Asia Pacific, Mac, Apple Watch, Apple Intelligence, Apple's Services, iOS, CNBC, Fifth, Santiago, Getty Locations: Apple's, Americas, Europe, Asia Pacific, Japan, Greater China, iPhones, Kantar, U.S, China, Australia, New York City

☆ Jeffrey Guan: Australian golfer vows to ‘be back’ after freak accident leaves him blind in one eye
▼ + stars: | 2024-10-31 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Australian golfer Jeffrey Guan’s dreams came true in September, as he made his PGA Tour debut. A week later, the 20-year-old was left blinded in one eye after being struck in the face by a golf ball. The freak accident occurred during a pro-am tournament at Catalina Golf Club in New South Wales, Australia. Guan was later airlifted to Canberra, where he underwent surgery on his eye. Guan is a two-time junior national champion in Australia and was primed to start his breakthrough in the professional game.

Persons: Jeffrey Guan’s, Guan, ”, “ Organizations: CNN, Catalina Golf Locations: New South Wales, Australia, Canberra, Sydney

☆ At 18, she dreamed about moving to Japan. When she turned 50, she quit her job and bought an abandoned home near Osaka.
▼ + stars: | 2024-10-31 | by ( Amanda Goh | ) www.businessinsider.com time to read: +10 min

Chani Japan. Chani Japan. Chani Japan. Chani Japan. Chani Japan.

Persons: Chani, —, you've, I've, she'd, hadn't, Lawrence Covian, Eric McAskill Organizations: Service, Chani, Japan, YouTube, US Army, BI Locations: Australia, Japan, Brisbane, Chani Japan, Shikoku, Wakayama, Osaka, Europe, I'm, akiya, Iwakuni

Olivia Rodrigo was interrogated at the Canadian border after being mistaken for a criminal, she told Jimmy Fallon on Tuesday’s episode of the "The Tonight Show." And I go, 'Olivia Rodrigo. Rodrigo's "Guts" tour continues in March in South America before wrapping up in England this summer. A Netflix special called "Olivia Rodrigo: GUTS World Tour" premiered on Tuesday. "The Tonight Show starring Jimmy Fallon" is broadcast on NBC, which is owned by NBCUniversal, the parent company of NBC News.

Persons: Olivia Rodrigo, Jimmy Fallon, Fallon, Olivia, Rodrigo, she'd, haven’t, that’s, Olivia Rodriguez, Jimmy, I'm, she's Organizations: Netflix, NBC, NBCUniversal, NBC News Locations: Canada, Portland, South America, England, U.S, Europe, Asia, Australia

☆ Asia-Pacific markets set for mixed open; Australia inflation data in focus
▼ + stars: | 2024-10-30 | by ( Dylan Butts | ) www.cnbc.com time to read: 1 min

The Australian flag is in front of Christiansborg Palace in Copenhagen, Denmark, on January 14, 2024. Asia-Pacific markets were set for a mixed open Wednesday after key Wall Street benchmarks rose, with the Nasdaq Composite closing at a new record high as tech stocks gained. Traders in Asia will assess consumer price data out of Australia, with inflation for the quarter ended in September expected to fall to 2.9%, down from 3.8% in the previous quarter. Japan's Nikkei 225 futures pointed to a higher open for the market, with the contract in Chicago at 39,255 and its counterpart in Osaka at 39,160 compared to the index's previous close of 38,903.68. Hong Kong Hang Seng index futures were at 20,746, higher than the index's last close of 20,701.14.

Persons: Australia's Organizations: Nasdaq, Traders, Nikkei Locations: Christiansborg, Copenhagen, Denmark, Asia, Pacific, Australia, Chicago, Osaka, Hong Kong

☆ King Charles and Queen Camilla take private trip to India
▼ + stars: | 2024-10-30 | by ( Max Foster | Lauren Said-Moorhouse | ) edition.cnn.com time to read: +3 min

CNN —Britain’s King Charles III and Queen Camilla made a surprise pitstop in India as they returned from their royal tour to Australia and Samoa. “Their Majesties had a short private stopover in India to help break the long journey back from Samoa,” a Buckingham Palace spokesperson said on Wednesday. Then-Prince Charles and Camilla during a visit to India on November 9, 2017 in New Delhi. The King is expected to return to regular overseas trips in 2025, according to Britain’s PA Media news agency. Charles will carry out trips in the spring and autumn, on the regular foreign royal tour schedule, so long as doctors sign off on the journeys.

Persons: CNN — Britain’s King Charles III, Queen Camilla, “, ”, King, Prince Charles, Camilla, Arthur Edwards, Charles ’, Samoa, Charles, “ We’re Organizations: CNN, Holistic Health, Britain’s, Media, CNN’s Royal Locations: India, Australia, Samoa, Bengaluru, Buckingham, Apia, London, New Delhi, Commonwealth, Britain, ”

☆ Olivia Rodrigo revisits ‘terrifying’ moment she fell through hole in stage while performing
▼ + stars: | 2024-10-30 | by ( Lisa Respers France | ) edition.cnn.com time to read: +1 min

CNN —Olivia Rodrigo has had a big world tour that she said has been fun - despite an accident that made headlines. During a recent appearance on “The Tonight Show Starring Jimmy Fallon,” he brought up the fact that Rodrigo “handled it like a pro” after she fell through a hole on the stage while performing earlier this month in Melbourne, Australia. That’s alright,” Rodrigo told the audience. Olivia Rodrigo Got Interrogated by Cops While on GUTS Tour, Talks Friendship with Chappell Roan“It was really scary.” Rodrigo said. “Making sure I didn’t get hurt and so I’m really happy it happened.

Persons: Olivia Rodrigo, Jimmy Fallon, ”, Rodrigo “, Fallon, ” Rodrigo, Chappell Roan, “, Rodrigo, I’m Organizations: CNN, Cops Locations: Melbourne, Australia, Philippines

☆ I loved Trader Joe's for years — but the older I get, the more I can't stand shopping there
▼ + stars: | 2024-10-30 | by ( Sarra Sedghi | ) www.businessinsider.com time to read: +5 min

When I learned how to really cook, Trader Joe's frozen meals became less useful. I made frequent trips as a college student and after I graduated, but eventually, shopping at Trader Joe's became impractical for me. As someone with ADHD, I'll also admit there were plenty of times I forgot about Trader Joe's frozen meals until they were freezer-burned anyway. The crowding at Trader Joe's is oftentimes too much for meI've shopped at Trader Joe's in many larger cities, including Atlanta and Birmingham, Alabama, and found a similar experience in each — crowded aisles and long lines. Trader Joe's doesn't have sales, and there are no rewards programsLoyalists shop at Trader Joe's because they love the store's products, and I get that.

Persons: Joe's, —, Burger King, I've, It's, Sedghi, isn't Organizations: Service, Aldi, Kroger, Publix Locations: Athens , Georgia, Atlanta, Birmingham , Alabama

☆ U.S. dollar rally pauses before jobs data, Aussie droops on RBA outlook
▼ + stars: | 2024-10-30 | by ( ) www.cnbc.com time to read: +4 min

An Australian one dollar coin sits atop a United States one dollar bill in this illustration photo taken February 12, 2016. The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy. The Australian dollar edged closer to a three-month trough after some stickiness in inflation suggested a Reserve Bank of Australia interest rate cut is unlikely this year. The ADP employment report is due later in the day, ahead of the potentially crucial monthly payrolls report on Friday. "The U.S. dollar continues to garner strong support as markets adjust their rate path expectations," said James Kniveton, senior corporate FX dealer at Convera.

Persons: James Kniveton, Kniveton, Donald Trump, Rachel Reeves, Keir Starmer, Liz Truss Organizations: Reserve Bank of Australia, Federal Reserve, U.S ., Reserve Bank, Australia's, U.S, Treasury, Republican, European Central Bank, Sterling, Labor Locations: States, U.S, Australia, Europe

☆ TikTok’s founder is now China’s richest person. But the country’s total number of billionaires has shrunk
▼ + stars: | 2024-10-30 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +4 min

CNN —China has a new richest person – and it’s the entrepreneur behind the wildly popular, and controversial, app TikTok. Zhang Yiming, 41, co-founder of TikTok’s parent company ByteDance, topped the 2024 Hurun China Rich List, released Tuesday. His wealth reached $49.3 billion, as assessed by research, media and investment group Hurun Inc, which publishes the ranking of the country’s richest people. ByteDance also holds China’s popular news app Toutiao and Douyin, TikTok’s sister app in China. Billionaires on the declineOverall, the number of US-dollar billionaires in China shrank to 753, down 142 from the previous year.

Persons: Zhang Yiming, Zhang’s ascendency, Hurun, TikTok, it’s, –, Zhang, Liang Rubo, ByteDance, Zhong Shanshan, Zhong, Ma, Rupert Hoogewerf, ” Organizations: CNN, Hurun Inc Locations: China, India, Britain, Canada, Australia, Beijing, Hong Kong, Macao, Taiwan

☆ Israeli airstrike hits Gaza's Beit Lahia, Hezbollah names new leader after Knesset bans UNRWA
▼ + stars: | 2024-10-29 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +4 min

It came hours after the Israeli parliament outlawed a key United Nations aid agency in a move that could throttle the supply of medicine, food and education in the devastated territory. Gaza airstrike kills dozensThe strike hit a five-story building in the northern city of Beit Lahia housing some 200 people, according to the Gaza government media office. The Israel Defense Forces did not immediately respond to a request for comment on Tuesday's airstrike from NBC News. The law bans UNRWA, the U.N.'s Palestinian aid agency, from operating inside Israel or having any contact with Israeli authorities. But Israel has long criticized UNRWA, alleging it has been infiltrated by Hamas and intensifying that pushback after Oct. 7.

Persons: —, Sheikh Naim Kassem —, Hassan Nasrallah, Kamal Adwan, It's, Philippe Lazzarini, Matthew Miller Organizations: Hezbollah, Palestinian Health Ministry, Health Ministry, Israel Defense Forces, NBC News, AFP, Getty, West Bank, UNRWA, State Locations: Gaza, Nations, Lebanon, Iran, Beit, Beit Lahia, Israel, United States, Washington, Canada, Australia, France, Germany, Japan, South Korea, Britain

☆ Goldman Institute calls for ‘data center diplomacy’ as U.S. competes in global AI race
▼ + stars: | 2024-10-29 | by ( Kate Rooney | ) www.cnbc.com time to read: +3 min

"Data may be the new oil, and it's ultimately nations, not nature, that's going to determine the future of AI infrastructure built." AI relies on massive amounts of data for training and gigantic data centers. Despite a slowing economy, Beijing has been investing in AI data centers, and launched a $6.1 billion national initiative called "Eastern Data, Western Computing." The U.S. has its own slate of initiatives, including a task force on AI infrastructure. "The Arab Gulf countries of the Middle East present many promising opportunities for AI data centers," Cohen wrote.

Persons: Goldman Sachs, Jared Cohen, Goldman, Cohen, it's, They've, Anthropic Organizations: Goldman Sachs Global Institute, CNBC, Google, Microsoft, Meta, Computing, United, United Arab Locations: China, Beijing, U.S, Canada, Australia, France, Gulf, OpenAI, United Arab Emirates, Qatar, Saudi Arabia

☆ Scandals in China and Australia hit Big 4 giant PwC, but global revenues reached a record high
▼ + stars: | 2024-10-29 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

After two scandals this year, PwC's business in the Asia-Pacific region has fallen. While PwC faced these regional setbacks, it hit record-high revenues and hired 10,000 new employees. AdvertisementAfter scandals in Australia and China this year, PwC has lost business in the Asia-pacific region. AdvertisementDespite the regional impact on the business, PwC posted an overall growth of 3.7% to reach record-high gross revenues of $55.4 billion. Like other leading consultancies, PwC has been hit by falling demand for consulting services, and its growth rate has slowed.

Persons: PwC, —, Mohamed Kande, Uber, we've Organizations: Service, Big, PwC, Google, Australian Financial, EY, Deloitte Locations: Asia, China, Australia, India

☆ Asia-Pacific markets are set to open higher with Nikkei poised to extend gains
▼ + stars: | 2024-10-29 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Asia-Pacific markets are set to open higher, tracking gains on Wall Street as investors looked toward a slate of megacap technology earnings to keep propelling the Nasdaq Composite to new heights this week. Japan's Nikkei 225 futures pointed to a slightly stronger open for the market, with the futures contract in Chicago at 38,715 and its counterpart in Osaka at 38,630 compared to the previous close of 38,605.53. This comes after the ruling Liberal Democratic Party lost its parliamentary majority after voters cast their ballots on Sunday to determine the control of the lower house, marking the first time since 2009 that Japan's ruling coalition lost its majority. Australia's S&P/ASX 200 was 0.44% higher in its first hour of trade. Hong Kong's Hang Seng index futures were at 20,733, higher than the HSI's last close of 20,599.36.

Persons: Australia's Organizations: Nasdaq, Nikkei, Liberal Democratic Party Locations: Asia, Pacific, Chicago, Osaka

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