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☆ Why Everyone Is Moving to Florida: Jobs, Economy, Cost of Living, Taxes
▼ + stars: | 2023-03-09 | by ( Emil Skandul | ) www.businessinsider.com time to read: +12 min

For other states to compete, they will need to pay attention to what Florida is doing right. Floridians pay no income tax and fewer taxes overall than people in states like New York, California, or Massachusetts. But a low tax rate isn't the only thing people care about. Despite having a budget half the size of New York's and a larger population, Florida, by many metrics, is able to do significantly more with the taxes it collects. Florida is also outshining New York and other major population centers in tackling the soaring cost of housing.

☆ WWE girds for insider-betting fight
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, March 9 (Reuters Breakingviews) - Want to bet on a match where the outcome is fixed in advance? The league is in talks with U.S. state gambling regulators to legalize bets on its staged matches, according to CNBC. For WWE the number of insiders may be bigger: Writers, trainers and wrestlers might be among those with an idea of what’s in store. Overseas bettors can already wager on an upcoming six-woman tag WWE team match, the Eurovision Song Contest and Love Island 2023. Meanwhile, the WWE has put itself up for sale, so some theatrical limbering up for future revenue opportunities is a smart way to juice the price.

☆ Bolloré Jr. readies Vivendi for asset purge
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +2 min

But the markdown gives Yannick more latitude to end his father’s ill-fated Italian foray while continuing to play hardball to raise the price tag. Here again, the move will give Bolloré junior more freedom to consider offers from potential buyers, which the European Commission will have to approve. At 70, the elder Bolloré, who remains in charge of the family holding that owns a 30% stake in Vivendi, is gradually implementing his succession plan. At 9.8 euros, Vivendi’s stock fails to capture the value of its various investments and trades below an analysts’ target of between 12 to 15 euros. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Sea sails past growth vs. profitability debate
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, March 8 (Reuters Breakingviews) - Singapore technology giant Sea (SE.N) on Tuesday reported its first ever quarterly profit, beating regional tech firms like GoTo (GOTO.JK) and Grab (GRAB.O) to the punch. The almost $1 billion swing from a fourth-quarter loss in 2021 to a $423 million profit in the final three months of last year is largely down to cost cuts. The company run by Forrest Li slashed sales and marketing expenses alone by $745 million, a whopping 62% drop. Whether that’s sustainable is unclear, though Li pointed out that the company had sold, closed or downsized a number of non-core operations and investments. It’s a welcome sign that upstart tech companies don’t always have to sacrifice profitability for growth.

☆ L&G looks overseas to fight Brexit discount
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +2 min

That’s partly due to its concentration in the life sector – Wilson sold out of general insurance in 2020. L&G’s investment management unit has benefited from an international drive, with non-UK assets accounting for 43% of new money last year. On the life insurance side, some 39% of L&G’s gross premiums were booked overseas in 2022, with the U.S. a particular focus for Brexit-backing Wilson. The less L&G looks like a British company, the more attractive it will be to shareholders. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ The biggest problem with Russia's tanks in Ukraine is the way Moscow tried to use them
▼ + stars: | 2023-03-07 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +21 min

By September, the tally of lost and captured Russian tanks reached 1,000 — more than all the tanks in the British, French, German, and Finnish militaries combined. The first time these British tanks found a fight, only 25 of the 49 of them actually moved when ordered to commence the attack. Nonetheless, before the conflict was over, Churchill himself would decide tanks had, once again, run their course, declaring, "we have too much armor — tanks are finished." And that is the real lesson we can glean from the performance of Russian tanks in Ukraine over the past year. Maxim Shemetov/ReutersThis point becomes evident when you look at Russian tank losses recorded by the Oryx Blog between February and April 2022, when Russian tank losses were at their absolute worst.

If the target is achieved, what will it likely mean for commodity imports in 2023? An acceleration of economic growth to 5% implies that more commodities will be required, and probably to the extent that China's imports will return to positive territory. Already there are some signs of a pick-up in commodity demand, especially for iron ore, the key raw material for steel. If the official numbers are in line with Refinitiv's estimate, February will be the strongest month for crude oil imports since July 2020. Overall, the current backdrop is positive for China's commodity demand, with the end of COVID-19 restrictions boosting fuel consumption and stimulus spending encouraging increasing steel output.

☆ A new generation of airships is taking to the skies
▼ + stars: | 2023-03-03 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +8 min

It’s an airship, and French aeronautics company Flying Whales hopes its hybrid-electric, helium-lift vessel will change the shape of sustainable transport. Flying Whales' airships, pictured here in a render, could access remote locations without roads, railways or airports. That’s why most companies, including Flying Whales and LTA Research, are using helium, which is non-flammable. Prentice is also the founder and president of BASI, a Manitoba-based company specializing in airships adapted for cold climates. Flying Whales expects to test its first airship at the end of 2025, with commercial operations beginning in 2027 once the airship is certified.

Persons: ”, Romain Schlack, Sergey Brin, It’s, Barry Prentice, Prentice, “, Schlack Organizations: CNN, Flying Whales, ” Airship, Research, Google, LTA Research, Moffett, American Chemical Society, Asper School of Business, University of Manitoba, Prentice ., FAA, European Aviation Safety Agency, Libre de Bruxelles, Prentice, Companies, Akron Airdock, Vehicles, Air Vehicles Locations: San Francisco, California, Manitoba, Prentice . California, Belgium, Laruscade, Bordeaux, France, Ohio, San Francisco Bay, England, Quebec, Asia, Canada

☆ Salesforce results give CEO Benioff ‘breathing room’ from activists for now, ‘Fast Money’ trader Steve Grasso said
▼ + stars: | 2023-03-01 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Salesforce 's strong earnings results should give CEO Marc Benioff some relief from ongoing activist pressure at the cloud software firm. "This gives him definitive breathing room right now," Steve Grasso, CEO of Grasso Global, said Wednesday on CNBC's " Fast Money ." Salesforce shares surged 15% in extended trading Wednesday after the cloud software maker beat expectations on the top and bottom lines , and issued a better forecast than Wall Street was expecting. Salesforce in recent months has faced increasing activist pressure from firms such as Elliott Management, Third Point and Starboard Value. To be sure, the strong results may not help Benioff for long, the "Fast Money" traders said.

☆ Van Dijk, Salah steer Liverpool to 2-0 win over Wolves
▼ + stars: | 2023-03-01 | by ( ) www.reuters.com time to read: +2 min

LIVERPOOL, England, March 1 (Reuters) - Virgil van Dijk and forward Mohamed Salah scored second-half goals as Liverpool battled to a 2-0 Premier League home win over Wolverhampton Wanderers on Wednesday to boost their hopes of European football next season. Liverpool climbed into sixth spot in the table on 39 points, ahead of Fulham on goal difference and with a game in hand, but the home side were forced to work hard on a rainy night at Anfield. Van Dijk finally broke the deadlock in the 73rd minute, forcing a save with his initial header from a set-piece, before Jota put the rebound back across the goal for the Dutchman to head home from close range. Four minutes later Salah used his right thigh to steer home a cross from Kostas Tsimikas to double his side's advantage and take the wind out of the visitors' sails as Liverpool made it three wins in their last four Premier League games. Reporting by Philip O'Connor, Editing by Toby Davis and Ed OsmondOur Standards: The Thomson Reuters Trust Principles.

☆ Berlin chooses change in rerun election with clear lead for conservatives
▼ + stars: | 2023-02-11 | by ( Riham Alkousaa | ) www.reuters.com time to read: +3 min

[1/7] Berlin?s frontrunner for the Christian Democratic Union (CDU), Kai Wegner, for the rerun of state elections reacts at the regional state parliament in Berlin, Germany, February 12, 2023. The Social Democrats, who have governed the German capital in a coalition with the environmentalist Greens and hard-left Die Linke, scored 18.2%. "Berlin chose change", CDU top candidate Kai Wegner said of the results, adding that there was a clear mandate for his party to form a state government. Berlin's left-wing mayor Franziska Giffey acknowledged the election defeat but said the CDU would still need a stable majority to govern in the city. Talk of a possible two-way coalition with the CDU was received with booing at the Greens election party on Sunday.

☆ Turkey’s Ceyhan oil port disrupted by weather as earthquake damage assessed
▼ + stars: | 2023-02-07 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Operations were interrupted at the Ceyhan oil port — a critical hub for the discharge of crude oil and oil products, along with the loading of Azeri crude and a stream of Iraqi crude oil — on Monday, following two earthquakes that devastated Turkey and Syria, leaving over 5,000 dead. It also exports volumes of two crude oil streams — the Azeri crude oil delivered through the Baku-Tbilisi-Ceyhan (BTC) consortium's pipeline, and the Iraqi Kirkuk blend crude oil transferred through the separate Kirkuk-Ceyhan pipeline. Loadings of the two crude oil terminals are undertaken from two different points within Ceyhan port, with BTC crude oil leaving the BTC terminal, while the Kirkuk blend sails from the Botas terminal. An oil trade source familiar with KRG operations told CNBC that the pipeline could likely begin flows later Tuesday. An oil tanker ship is awaiting to berth to load Kirkuk blend crude.

☆ New US Marine units are taking position on 'key terrain' around Taiwan as tensions rise with China
▼ + stars: | 2023-02-01 | by ( Christopher Woody | ) www.businessinsider.com time to read: +11 min

The US and Japan said in January that a Marine Littoral Regiment will be set up in Japan by 2025. A Marine Littoral Regiment will also hold a major exercise in the northern Philippines this spring. That unit, the 12th Marine Littoral Regiment, is the second of three Marine Littoral Regiments planned for the Indo-Pacific region, the first of which was activated in March 2022 and is based in Hawaii. Within weeks of its activation, the 3rd Marine Littoral Regiment was participating in the US-Philippine military exercise Balikatan. Members of 3rd Marine Littoral Regiment in Hawaii in August 2022.

☆ US Marines are taking position on 'key terrain' around Taiwan as tensions rise with China
▼ + stars: | 2023-02-01 | by ( Christopher Woody | ) www.businessinsider.com time to read: +11 min

The US and Japan said in January that a Marine Littoral Regiment will be set up in Japan by 2025. That unit, the 12th Marine Littoral Regiment, is the second of three Marine Littoral Regiments planned for the Indo-Pacific region, the first of which was activated in March 2022 and is based in Hawaii. Within weeks of its activation, the 3rd Marine Littoral Regiment was participating in the US-Philippine military exercise Balikatan. New threat, new forceUS Marines provide security for an amphibious landing during Balikatan 22 in northern Luzon in March 2022. US Marines during an amphibious landing as part of Balikatan 22 in northern Luzon in March 2022.

☆ Morning Bid: Breathe in
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Tom WestbrookMarkets are holding their breath for a week where central banks may start to take divergent paths. read moreWall Street's "fear index" - the VIX volatility index - on Friday fell below 18.0 for the first time in over a year, and perhaps a little under the radar, U.S. bond market volatility is now its lowest since last June. In Asia, markets slipped slightly, U.S. futures fell 0.4% and currency trade was eerily calm. The Nikkei newspaper reported Renault (RENA.PA) was to lower its share holding in Nissan (7201.T) to 15%, while the latter would invest in Renault's EV business. Things have not gone well for investors in other firms Hindenburg has targeted.

☆ Wall Street totters after mixed earnings, trade halt glitch
▼ + stars: | 2023-01-24 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

More than 80 stocks were affected by the glitch, which caused wide swings in opening prices in stocks, including Walmart Inc (WMT.N) and Nike Inc (NKE.N). Fourth quarter earnings season is in full swing, with 72 of the companies in the S&P 500 having reported. On aggregate, analysts now expect S&P 500 earnings 2.9% below the year-ago quarter, down from the 1.6% year-on-year decline seen on Jan. 1, per Refinitiv. Among the 11 major sectors of the S&P 500, industrials was down the most. The S&P 500 posted 27 new 52-week highs and 10 new lows; the Nasdaq Composite recorded 69 new highs and 21 new lows.

☆ A Carnival cruise to the Bahamas became a 'cruise to nowhere' after inclement weather kept passengers stuck onboard the entire trip
▼ + stars: | 2023-01-19 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

Windy weather forced a Carnival cruise ship to cancel its only planned port stop earlier this month. Passengers onboard received partial refunds and compensation for the unexpected cancellation. Passenger Kat O'Donnell told Insider the decision was disappointing. "It was the first time either one of us have ever gone out of the country," she told Insider. The Carnival Sunshine cruise ship docked in South Carolina in March 2020.

☆ Cargo ship from Ukraine grounded in Bosphorus strait, traffic halted
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +1 min

[1/3] Turkish Navy's rescue ship TCG Isin sails in the Bosphorus as the Palau-flagged bulk carrier MKK1, carrying grain under UN’s Black Sea grain initiative, is seen drifted aground in Istanbul, Turkey January 16, 2023. REUTERS/Yoruk IsikISTANBUL, Jan 16 (Reuters) - The cargo ship MKK 1, travelling from Ukraine to Turkey, was grounded in Istanbul's Bosphorus Strait on Monday and traffic in the strait was suspended but no damage was reported, shipping agents Tribeca said. Several tugs were among vessels sent to provide assistance to the ship, the coastguard authority said. Television footage showed the bow of the ship, carrying 13,000 tonnes of peas, grounded close to the coastline on the Asian side of the Bosphorus. Tribeca said the Palau-flagged general cargo ship was grounded at Acarburnu at the northern end of the strait early on Monday as it headed southbound.

☆ U.S. Sails Warship Through Taiwan Strait as China Watches Sternly
▼ + stars: | 2023-01-06 | by ( James T. Areddy | ) www.wsj.com time to read: 1 min

The U.S. Navy’s 7th Fleet said the USS Chung-Hoon’s sailing through the waters separating Taiwan and China was a routine transit; the warship is shown in 2014. The U.S. Navy sailed a warship through the Taiwan Strait following a recent close call between U.S. and Chinese military planes in the region, reminders of the military tensions that underlie the bilateral relationship. The USS Chung-Hoon sailed through the waters separating Taiwan and China on Thursday in what the Navy’s 7th Fleet said was a routine transit. It was the first such sailing announced by the Navy in 2023 and follows nine sailings made public last year, according to one private-sector tally. Beijing protested each time.

☆ U.S. warship sails through sensitive Taiwan Strait
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Hugh Gentry/File PhotoWASHINGTON, Jan 5 (Reuters) - A U.S. warship sailed through the sensitive Taiwan Strait on Thursday, part of what the U.S. military calls routine activity but which riles China. "Chung-Hoon’s transit through the Taiwan Strait demonstrates the United States’ commitment to a free and open Indo-Pacific," the statement added. The narrow Taiwan Strait has been a frequent source of military tension since the defeated Republic of China government fled to Taiwan in 1949 after losing a civil war with the communists, who established the People's Republic of China. The United States has no formal diplomatic relations with Taiwan, but is bound by law to provide the island with the means to defend itself. The close encounter followed what the United States has called a recent trend of increasingly dangerous behavior by Chinese military aircraft.

☆ U.S. warship sails through sensitive Taiwan Strait; China angered
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Hugh Gentry/File PhotoWASHINGTON, Jan 5 (Reuters) - A U.S. warship sailed through the sensitive Taiwan Strait on Thursday, part of what the U.S. military calls routine activity but which has riled China. "Chung-Hoon’s transit through the Taiwan Strait demonstrates the United States’ commitment to a free and open Indo-Pacific," the statement added. The narrow Taiwan Strait has been a frequent source of military tension since the defeated Republic of China government fled to Taiwan in 1949 after losing a civil war with the communists, who established the People's Republic of China. The United States has no formal diplomatic relations with Taiwan, but is bound by law to provide the island with the means to defend itself. The close encounter followed what the United States has called a recent trend of increasingly dangerous behavior by Chinese military aircraft.

☆ Australia to ring in 2023 with no COVID restrictions
▼ + stars: | 2022-12-31 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, Dec 31 (Reuters) - Australia is gearing up to celebrate its first restriction-free New Year's Eve after two years of COVID disruptions, with more than a million revellers expected to flock to Sydney's harbourfront and watch an elaborate fireworks display. Lockdowns at the end of 2020 and a surge in Omicron cases at the end of 2021 led to crowd restrictions and reduced festivities. However, curbs on celebrations have been lifted this year after Australia, like many countries around the world, re-opened its borders and removed social distancing restrictions. A rainbow of colour will light up Sydney Harbour, with 2,000 fireworks to be launched from the four sails of the Sydney Opera House and 7,000 fireworks from more positions on the Sydney Harbour Bridge than ever before. For the first time in 12 years, fireworks will be launched from four building rooftops to frame the spectacular show, the organisers said.

The first full-color image released from the next-generation James Webb Space Telescope is the sharpest infrared image of the distant universe ever produced, according to NASA. Space Telescope Science Institut / NASA, ESA, CSA, STScI, Webb ERONASA released the first batch of images from the tennis court-sized observatory to much fanfare in July. The exoplanet HIP 65426 b in different bands of infrared light, as seen from the James Webb Space Telescope. Back to the moonFifty years after the final Apollo moon mission, NASA took key steps toward returning astronauts to the lunar surface. Chinese officials have also said they intend to use the space station for space tourism and commercial space initiatives.

☆ Japan to hike annual defence budget by a quarter to buy Tomahawks and other weapons
▼ + stars: | 2022-12-23 | by ( Tim Kelly | ) www.reuters.com time to read: +3 min

REUTERS/Issei Kato/Pool/File PhotoTOKYO, Dec 23 (Reuters) - Japan on Friday said it will hike defence spending by more than a quarter next year including $1.6 billion to buy U.S.-made Tomahawk cruise missiles that will be part of its biggest military build-up since World War Two. The budget, which lawmakers will approve before April, allocates 897 billion yen for weapons development, more than in the previous four years combined. Tokyo plans to begin deploying those new weapons in around three years, a Ministry of Defence official said at a briefing. Japan, which relinquished its right to wage war after its defeat in World War Two, plans to double defence outlays to 2% of gross domestic product within five years. To reinforce its air fighting capability, it also plans to buy 16 Lockheed Martin Corp (LMT.N) F-35 stealth fighters for 250 billion yen.

☆ See inside the Ocean Endeavor, a ship that sails to Antarctica. Rooms can go for over $10,000.
▼ + stars: | 2022-12-22 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

While at first, I was a little worried about being in a triple, the room proved to be one of the biggest on the ship. Inside were four beds, including three that pointed toward the side of the ship and one that faced back to front. Excuse the mess, it was a hectic embarkation day. My roommate snagged the far left bed and quickly realized how easy it was to fall out of it during the journey through the infamous Drake Passage, but more on that later. Taylor Rains/Insider

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