Chinese President Xi Jinping Meets with Top US Executives in Beijing to Discuss Economic Cooperation and Address Concerns
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Chinese President Xi Jinping met with representatives of US businesses in Beijing's Great Hall of the People on Wednesday, March 27, 2024. The meeting, proposed by Evan Greenberg, the chief executive of U.S. insurer Chubb, aimed to address concerns about China's business environment and strengthen business ties between China and the United States .
The meeting included representatives from the US business community and academia, as well as prominent figures such as Apple CEO Tim Cook, Blackstone’s Stephen Schwarzman, Qualcomm Inc.’s Cristiano Amon, FedEx Corp. CEO Raj Subramaniam, and other top executives. The CEOs extended their stay in China after receiving a last-minute invitation to meet with President Xi Jinping . The meeting provided an opportunity to discuss trade and investme...
#newstr #China #XiJinping #Us #BusinessExecutives #Beijing #ForeignInvestment #CapitalFlight #VisaRules #ForeignTalent #ForeignMoney
Oil prices slide for second consecutive day as U.S. stockpiles surge
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Oil prices were broadly steady on Thursday, supported by a surprise drop in US crude stock and the US Federal Reserve's commitment to rate cuts. Brent crude futures for May decreased by 0.4% to $85.64 a barrel, while US West Texas Intermediate (WTI) futures for May fell by 0.4% to $80.97 a barrel. Crude inventories in the US declined for the second consecutive week, dropping by 2 million barrels to 445 million barrels in the week ending March 15. Gasoline inventories also fell for the seventh week, down by 3.3 million barrels to 230.8 million. The market was also influenced by concerns over Ukrainian attacks on Russian refineries impacting global petroleum supplies.
Oil prices settled slightly lower on Thursday, with Brent crude futures for May settling down 17 cents, or 0.2%, to $85.78 ...
#newstr #OilPrices #UsStockpiles #Opec+ #OutputPolicy #BrentCrude #WtiCrude #CrudeOilInventories
Bill Gates Applauds India's Growth Momentum and Affirms India's Key Role at Times Now Summit
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Indian Prime Minister Narendra Modi met with philanthropist Bill Gates in New Delhi on February 29, 2024, to discuss various topics including Artificial Intelligence (AI), women-led development, innovation in agriculture, health, and climate adaptation. Both leaders expressed their admiration for each other and their commitment to sectors that have the potential to enhance the planet and uplift millions worldwide. The meeting between Modi and Gates highlights the global focus on leveraging AI for the public good. They also discussed climate adaptation and how to take lessons from India to the world. Gates also met with External Affairs Minister S Jaishankar and visited Chief Minister Naveen Patnaik in Odisha. He interacted with women's self-help groups and visited a slum in Bhubaneswar. Th...
#newstr #BillGates #India #EconomicGrowth #DigitalInfrastructure #TimesNowSummit
HSBC Launches $1 Billion ASEAN Growth Fund to Support Digital Platform Businesses in Southeast Asia
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HSBC has launched a $1 billion ASEAN Growth Fund to support digital platform businesses in Southeast Asia. The fund aims to enhance the capabilities of digital companies in Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, which are rapidly developing countries in terms of their digital economies. The fund will support a wide range of companies, from emerging startups to more established firms and non-bank financial institutions. HSBC will offer credit facilities based on operating metrics and cash flow generation, rather than traditional financial indicators. The bank will also provide digital financing and banking solutions, including the HSBC Omni Collect and HSBC TradePay, to high-growth businesses in Malaysia. The Southeast Asian digital economy is projected to r...
#newstr #Hsbc #AseanGrowthFund #DigitalCompanies #DigitalEconomy #SoutheastAsia
Top Stories on HERE.news in this hour...https://imagedelivery.net/665GHToRzycMVwZ9VsJNfA/eab3d280-8118-4d6e-cb0f-139a9bffda00/screenshot
Gemini, Pisces, and Cancer Horoscope: March 4 - 31, 2024 - Authority Issues, New Opportunities, Positive Contributions, and Success in Commerce
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Delve into the world of horoscopes and discover what the stars have in store for Gemini, Pisces, and Cancer from March 4 to 31, 2024. According to the weekly horoscope, Gemini may encounter authority issues as Mercury aligns with Neptune. It is advised that Gemini approach these challenges with humble curiosity and seek to understand the reasons behind certain rules. Collaborations become favorable starting Saturday night as Mercury moves into Aries. Gemini individuals are encouraged to update their online presence and take pride in their professional accomplishments. It is important for Gemini to be aware of people concealing facts and adjust boundaries accordingly. On Sunday, there will be a new moon in Pisces, signaling a time of wrapping up projects and preparing for new opportunities....
#newstr #Horoscope #Astrology
Mixed Q4 Earnings Reports for CME Group, Peraso Inc., Harrow Inc., Micron Technology Inc., Lululemon Athletica, Nike, Creative Realities, and Creative Media & Community Trust Co.
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CME Group Inc. reported fourth-quarter net income of $814.6 million, with earnings per share of $2.24. Adjusted earnings per share were $2.37, exceeding Wall Street expectations of $2.27 per share. The company's revenue for the quarter was $1.44 billion, surpassing Street forecasts of $1.43 billion. The strong earnings were driven by interest-rate products, with the U.S. Federal Reserve's interest-rate hikes in the previous year boosting CME's average daily volume (ADV) to a record-high. Interest rate ADV surged 35.8% to 13.3 million contracts in the quarter, while total ADV rose 17% to 25.5 million contracts. Clearing and transaction fees, which make up the largest chunk of CME's revenue, jumped 20.7% to $1.18 billion.
Cimpress (NASDAQ:CMPR) hit a new 52-week high during mid-day t...
#newstr #Earnings #QuarterlyEarnings #CmeGroup #PerasoInc #HarrowInc #MicronTechnologyInc #LululemonAthletica #Nike #CreativeRealities #CreativeMedia&CommunityTrustCo
HT Labs Wins Champion Publisher Award at WAN IFRA’s DMA South Asia 2023
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Hull-based smart technology and digital specialist, Connexin, has appointed Shadi Halliwell as its new managing director of Connexin Fibre. Halliwell brings over 30 years of experience in the telecoms industry and will play a key role in expanding the alternative network provider in the North .
Kate Martin, executive director of City Futures at Sheffield City Council, has been elected to the Institute of Economic Development (IED) Board. Martin's appointment reflects her expertise and commitment to driving economic growth and development in the region .
Leeds-based digital agency, Engage, has made several new hires across three teams to support its drive to become the UK's top-rated B-Corp digital agency. The agency's expansion aims to enhance its capabilities and provide exceptional dig...
#newstr #HtLabs #WanIfra #DigitalMedia #Awards #Innovation
Samsung Launches Galaxy Book4 in India, Expanding Productivity and Connectivity
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Samsung has expanded its product lineup in India with the launch of the Galaxy Book4. The device offers enhanced connectivity, mobility, and productivity features. It features a large 39.62 cm Full HD display and weighs just 1.55 kg, making it lightweight and portable. The Galaxy Book4 is powered by the latest Intel Core 5/7 processor and integrated Intel graphics, providing smooth performance for streaming and multitasking. It also comes with an AI-Powered Photo Remaster tool and Galaxy Video Editor for photo and video editing. Users can upgrade their video calls by using their Samsung Galaxy smartphone as a connected camera. The device is available for purchase on Samsung.com, leading online stores, and select retail stores. Samsung has also introduced the Galaxy Book4 Pro 360, Galaxy Bo...
#newstr #Samsung #GalaxyBook4 #India #Productivity #Connectivity #AipoweredInnovation
Meta Unveils AI-Powered Features for WhatsApp: Chatbot, Photo Editor, and More
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WhatsApp, the popular messaging app with over 2 billion active users, has released an update introducing new AI-powered features. The update includes an AI-powered photo editing feature that allows users to add interactive editing effects to their pictures, such as backdrops and restyles. This feature will provide users with more creative control over their visual content, enhancing their messaging experience. The news was confirmed by a top leaker at AssembleDebug, who discovered the features in WhatsApp's new beta variant .
In addition to the photo editing feature, WhatsApp is also introducing a feature that allows users to ask queries to Meta AI within the search bar. This will enhance interaction with the AI and provide users with a more seamless and convenient way to access informati...
#newstr #Whatsapp #Meta #Ai #PhotoEditing #Chatbot
AKQA and Grey Merge Operations in the UAE, Driving Efficiency and Growth
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Singaporean beauty and fashion brands collaborate with Nykaaland in India, bringing a taste of Singaporean retail experiences to the Indian audience. The brands, including GINLEE Studios, Rooki Beauty, and Fawn Labs, aim to expand their consumer base in India and inspire travelers to choose Singapore as their next shopping destination . Nestroots, a home decor brand, redefines home elegance by unveiling a new logo and expanding its product categories. With offerings such as bed linen, kids' furniture, and festive decor, Nestroots aims to be a one-stop solution for customers and capitalize on the growing home decor sector in India .
Hoopr, a music licensing platform, has partnered with Myntra FWD and StayVista to launch SoundEscape, an experiential event for content creators. The event too...
#newstr #Akqa #Grey #Wpp #Merger #CreativeAgencies #EfficiencyDrive #GlobalClients
11-Year-Old Girl Writes Book to Promote Kindness and Creativity
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French artist Camille Walala is hosting the 'Planet Walala' Colourful Public Art Show at Harbour City in Hong Kong. The show features two expansive public installations and a solo art exhibition, all crafted in Walala's iconic Tribal-pop style. The first installation is the 'Hong Kong' City Sign titled 'Now You See It Now You Don't', which is a brand-new artistic landmark and tourist destination in Hong Kong. The second installation is an outdoor art maze called 'A-MAZE', spanning over 3,500 square feet. Walala's solo art exhibition features 12 new artworks inspired by the architectural aesthetics found in cities. The show is part of Hong Kong Arts Month and will run from March 21 to April 21 .
Director Alexis Manya Spraic traces the life and career of Allee Willis, a songwriter, producer...
#newstr #Kindness #Creativity #Book #RockPainting #Inspiration #Children
Sofia Coppola's Struggles with Big Studio Movies and Embrace of Independent Filmmaking, and Emerging Filipina Cinematographer Satya Sullivan's Award-Winning Music Video
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Sofia Coppola, the director of 'Priscilla,' recently expressed her views on the challenges she faces in making big studio movies and her preference for independent filmmaking. In an interview with IndieWire, Coppola stated that she would never be able to make a big studio movie due to the lack of creative freedom and the challenges that come with having a lot of input from studio executives . She emphasized the importance of showing a female perspective in her films and the difficulty of getting the tone right in 'Priscilla' to avoid it feeling creepy . Coppola also discussed the gender disparity in financing, noting that men often receive hundreds of millions of dollars while she fights for a fraction of that amount . Despite the challenges, Coppola embraces the freedom of independent fil...
#newstr #SofiaCoppola #SatyaSullivan #Filmmaking #MusicVideos #Cinematography #Awardwinning #CreativeDecisions
Sir Martin Sorrell on the Future of Ad Agencies in the Age of AI
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Zain Group, a leading provider of innovative technologies and digital lifestyle communications in the Middle East and Africa, has released its annual Thought Leadership Report titled 'Building Inclusive Societies Through Connectivity'. The report highlights Zain's commitment to providing inclusive services and meaningful connectivity to all segments of society. It emphasizes Zain's dedication to human rights and corporate governance .
The Minister of Communications, Innovation & Digital Economy, Dr. Bosun Tijani, has unveiled a strategic blueprint for the ministry aimed at accelerating Nigeria's collective prosperity through technical efficiency. In an interview, Dr. Tijani discussed the idea behind the blueprint, his agenda for the sector, and his mandate to reimagine the Federal Ministr...
#newstr #Advertising #Technology #Creativity #Ai #MediaAgencies
Hedge Funds Pull Out of Asian ADRs in March
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Asian stock markets closed their strongest month in 10 months, driven by a positive global interest rates outlook and signs of economic recovery. The MSCI Asia-ex-Japan stocks index gained 6.9% this month, marking the best month since January. South Korea's KOSPI led the rally in Asia with 10.6% gains, followed closely by Taiwan and Japan's Nikkei. Despite disappointing Chinese manufacturing data, Hong Kong's Hang Seng Index and China's benchmark CSI300 Index also rose. The positive sentiment is driven by a relatively benign global interest rates outlook and signs of economic recovery. U.S. financial conditions have eased, and U.S. rates futures markets are now pricing in more than 100 basis points of rate cuts next year starting in May. However, analysts warn that equities are now richly ...
#newstr #AsiaPacificMarkets #Investment #China #SouthKorea #India #Japan #Australia #HedgeFunds #AsianAdrs #MorganStanley
Turkey, US, and Kazakhstan Seek to Strengthen Partnerships and Improve Relations
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In an effort to improve bilateral relations, Turkish and US officials have engaged in comprehensive talks about the conflicts in Ukraine and Gaza, as well as various other issues. The meetings, known as the Strategic Mechanism, took place in Washington and aimed to move beyond deep policy disagreements and foster cooperation .
After a meeting with US Secretary of State Antony Blinken, Turkish Foreign Minister Hakan Fidan stated that there is an opportunity to open a 'new page with a positive agenda' in Turkey-US relations . The two countries have decided to resume 'counterterrorism consultations' to address the biggest obstacle between them, which is the US support for the YPG/PKK . The joint statement released after the meeting outlines a broad framework for opening a new page, including...
#newstr #Turkey #Us #Kazakhstan #StrategicPartnership #Trade #EconomicCooperation #EnergySecurity #Peacekeeping
Morgan Stanley Raises India's GDP Growth Expectation for FY25 to 6.8%
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S&P Global Ratings has revised its outlook on India's GDP growth for the current financial year, increasing it to 6.4% from the previous estimate of 6% . The agency attributes this upward revision to robust domestic momentum, which has offset challenges from high food inflation and weak exports . However, S&P Global expects growth to slow in the second half of the fiscal year due to subdued global growth, a higher base, and the lagged impact of interest rate hikes by the Reserve Bank of India . As a result, the agency has lowered its growth outlook for FY25 to 6.4% from the earlier target of 6.9% .
In a recent update, S&P Global has further increased its growth forecast for India to 6.8% for FY25 . The Indian economy is estimated to have grown by 7.6% in the current fiscal year . This rev...
#newstr #India #GdpGrowth #EconomicForecast
German Property Crisis Hits PBB, LEG, and Aroundtown with Billions in Losses
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In addition to the challenges faced by the German property market, several major players in the industry are now grappling with significant losses. Deutsche Pfandbriefbank (PBB), a German property lender, is facing its own crisis as its shares have plummeted this year due to short sellers betting against the bank. PBB has reassured investors that it has enough funds to handle a major downturn in the US commercial real estate market, but the situation remains challenging .
PBB's troubles stem from its expansion into the US market and its recent announcement of a significant increase in risk provisions related to financing of US offices. The bank has assured investors that it has enough capital to withstand the crisis, but its shares have fallen sharply as short sellers target the bank. PBB...
#newstr #GermanPropertyCrisis #DeutschePfandbriefbank #Leg #Aroundtown
Indian Rupee Faces Pressure as Weaker Yuan Weighs on Asian FX
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The Indian rupee is likely to open flat on Wednesday, although the Indian currency may face some pressure on the back of a decline in the offshore Chinese yuan that dragged most Asian currencies lower. Non-deliverable forwards indicate the rupee will open largely unchanged from its close at 83.28 against the US dollar on Tuesday. Last week, a decline in the yuan had pressured the rupee alongside dollar outflows, pushing it to a record low on Friday. But the currency recovered by nearly 0.2% on Tuesday, likely aided by the central bank's intervention and remittance inflows, traders said .
Despite the slight weakening, the Indian rupee has shown signs of recovery. It appreciated 29 paise to 83.32 against the US dollar in early trade on Tuesday. India's forex reserves also increased by USD 6...
#newstr #IndianRupee #AsianFx #ChineseYuan #ExchangeRate #ForexReserves #CentralBank #Intervention
'No country should suffer terror': US condemns attack on Chinese workers in Pakistan
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Tensions between Iran and Pakistan have further escalated following a series of retaliatory strikes. Pakistan launched airstrikes against alleged militant hideouts inside Iran, killing at least nine people. The attacks were in retaliation for a similar attack by Iran two days earlier. The airstrikes targeted Baluch militant groups with similar separatist goals. Iran and Pakistan have long regarded each other with suspicion over militant attacks. The tit-for-tat strikes were partially in response to internal political pressures. Iran is dealing with unrest against its theocracy and seeking to flex military power. Pakistan faced pressure to respond to Iran's attack. Pakistan's Foreign Ministry described its attack as a series of highly coordinated and specifically targeted precision military...
#newstr #Pakistan #China #Terrorism #SuicideBombing #Infrastructure #Investment #Us