Taylor Swift's '1989 (Taylor's Version)' Breaks Elvis Presley's Billboard 200 Record, While Willie Nelson Announces 75th Album and ABBA Unveils 50th Anniversary Reissue of 'Waterloo' Album!
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#5285da1c ver:0.05
Taylor Swift's album '1989 (Taylor's Version)' has returned to the No. 1 position on the Billboard 200 chart for the fourth non-consecutive week, tying Elvis Presley's record of 67 weeks at No. 1. This achievement comes after the album debuted at No. 1 with 1.65 million units, making it Swift's best album debut ever. The success of the album is accompanied by the film 'Taylor Swift: The Eras Tour', which continues to perform well in theaters. The album includes previously unheard 'Vault' tracks, some of which are expected to debut in the top 10 of the Billboard Hot 100. Swift's re-recordings have generated increased interest in her older albums before the release of the 'Taylor's Version' albums. The original '1989' album released in 2014 has been certified nine-times-platinum. Swift also ...
#newstr #TaylorSwift #1989 #ElvisPresley #Billboard200 #WillieNelson #TheBorder #Abba #Waterloo #Music #Reissue #Anniversary
Fiverr and Steven Bartlett Partner to Support UK SMBs in Reaching Their Breakthrough Moment
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#fe1ca917 ver:0.22
Access Bank has partnered with the Office of the Vice President to provide N30 billion for four million Micro, Small, and Medium Enterprises (MSMEs), women, and youth businesses in Nigeria. The beneficiaries will undergo capacity-building and training to optimize the loan and scout for new markets. The Nigerian Government is dedicated to supporting small businesses through partnerships with the private sector. Botswana, Uganda, and Ghana have seen significant increases in women-owned businesses. Women entrepreneurs in Africa face challenges such as lack of funding, limited educational opportunities, and structural barriers. Access Bank's initiative covers three divisions: ERG, CIBD, and CBD.
Zenith Bank in Nigeria has announced that it will award N59 million to startups through its pitch...
#newstr #Fiverr #StevenBartlett #UkSmbs #BusinessCompetition
New Technique for Predicting Protein Dynamics May Revolutionize Drug Discovery
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#ec6ee8cd ver:0.14
Taiwan-based AI software developer Profet AI is expanding its operations in Asia, with a particular focus on China, Japan, and Vietnam. The company's first-generation product, AutoML Platform, integrates over 50 machine learning algorithms commonly used in manufacturing. They are planning to launch their second-generation product, AI Lifecycle Management (AILM), in the fourth quarter of 2023. AILM aims to help new staff learn the domain know-how of experienced staff through prediction models. Profet AI's goal is to equip 80% of their customers' crucial workforce with AI abilities. The company has already amassed 150 customers in Taiwan, with 70% of them being high-tech manufacturers. Additionally, they have formed a joint venture with AUO Digitech in Suzhou, China, to expedite their expans...
#newstr #Ai #ProteinDesign #FoodAndBeverageIndustry #ProteinDynamics #DrugDiscovery #MachineLearning #Alphafold2 #BrownUniversity
Dutch PAL-V Secures $80 Million Order for Flying Car from Dubai
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#fe7082ae ver:0.12
Japanese startup Iwaya aims to offer near-space tourism in a hot air balloon. The company plans to create a helium-filled balloon capable of rising to a height of 25 kilometers above the Earth's surface, providing stunning views of the Earth without reaching outer space. A test flight was conducted, and the startup plans to reach the 25-kilometer target by the end of 2023 and make its first commercial launch in March 2024. The cost of travel with Iwaya will be $164,000 per passenger, which is more affordable compared to other space tourism options.
In other news, Xiaomi's upcoming Xiaomi 14 and Xiaomi 14 Pro smartphones have already generated high demand in China, with some sites reporting greater demand than for the iPhone 15 Pro Max.
Finally, Nvidia has developed an AI agent called E...
#newstr #Palv #FlyingCar #PalvLiberty #Aircar #Bmw #EuropeanInnovation #Dubai #China #AirMobility
Pakistan Stock Exchange's KSE-100 Index Continues Upward Trend, Surges Over 900 Points in Intraday Trade
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#394b55ec ver:0.09
The Pakistan Stock Exchange's benchmark KSE-100 Index continued its upward trend, surging over 900 points in intraday trade on Monday. The index reached 64,620.13 levels, gaining 916.69 points. This increase occurred as newly elected members of the National Assembly took oath as lawmakers, which is seen as a positive sign for political stability and the economic stability of the country. The surge in points is also attributed to the start of the corporate results season and investor interest in the energy sector due to the government's agreement with the IMF on a dividend return scheme. This positive market trend is in line with the stock market's strong rally, which has been supported by increased foreign inflows, investment agreements with Kuwait and the UAE, a $3 billion deposit extensi...
#newstr #Pakistan #StockMarket #ForeignInterest #InvestorSentiment
COUNT Energy Trading and Corsair Group International Collaborate to Establish Advanced Recycling Plant in Finland
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#304c832e ver:0.09
ASUS, a leading technology company, has partnered with nonprofit organization Communities Organized for Resource Allocation (CORA) to promote sustainability and responsible waste management. Through its sustainability campaign, ASUS has collected 1.67 tons of plastic and other recyclable waste. The company has launched the sustainable Zenbook S 13 OLED and organized knowledge-sharing activities with employees. ASUS has also installed CORA Eco-Ikot Center pop-ups in its stores, providing Filipinos with a convenient way to recycle and reduce plastic waste. The campaign culminated in a beach cleanup event, where volunteers collected 646.2 kg of plastic waste. ASUS aims to become a net-zero enterprise by 2050 .
Gizmogo, a prominent player in the electronics recycling sector, offers a secure a...
#newstr #Asus #Gizmogo #Ccilu #CircularComputing #Telefónica #CountEnergyTrading #CorsairGroupInternational #SustainableElectronicsRecycling #Technology #PlasticWasteRecycling
EUR/USD Extends Losses As Dollar Fundamentals Pile Up Pressure
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#acbb1c95 ver:0.41
The EUR/USD currency pair is currently trading at 1.08273, down 0.04% on the day, as strong US dollar fundamentals exert downward pressure. The pair has struggled to gain momentum and remains below the key resistance level of 1.0840. The US economy reported a rise in Durable Goods Orders by 1.4% in February, surpassing the forecast of 1.2%. This positive economic data has contributed to the strength of the US dollar, with the DXY index staying above 104.000. Additionally, yields on benchmark 10-year US Treasury bonds have remained strong, surpassing 4.200 for over a week. The Federal Reserve predicts that the US economy will grow by 2.1% in 2024, with three interest rate cuts expected. As long as the EUR/USD pair remains below the 1.0840 pivot level, sellers will be in control. However, a ...
#newstr #Eur/usd #UsDollar #DurableGoodsOrders #UsEconomicData #FederalReserve #Ecb #RussiaukraineConflict
Emerging Markets Stocks and Currencies Drop on US Policy Uncertainty and Chinese Outflows
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#c82525ac ver:0.13
Most emerging markets stocks and currencies dipped on Wednesday as investors scaled back hopes of early interest rate cuts by the Federal Reserve following a blow-out inflation reading. By 0906 GMT, MSCI's index for emerging markets stocks dipped 0.1%, while a gauge of currencies lost 0.2%. Equities in South Korea ended 1.1% lower, while India's S&P BSE Sensex fell 0.1%. Year-on-year inflation in Romania rose more than expected to 7.41%. The Polish zloty was last down 0.2% against the Euro after a first estimate showed the country's GDP rose 1.0% year-on-year in the fourth quarter, below analysts' forecasts of a 1.1% rise. South Africa's rand fell 0.2% against the dollar. Markets in EM heavyweight China are closed for the Lunar New Year holidays and will resume trade on Monday, Feb. 19. Me...
#newstr #EmergingMarkets #Stocks #Fx #UsPolicy #ChineseOutflows
Baltimore Bridge Collapse Threatens City's Economy and Supply Chain
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#733809cc ver:0.48
On March 26, 2024, the MV Dali, a cargo ship, collided with the Francis Scott Key truss bridge in Baltimore, causing the bridge to collapse within 20 seconds. The impact of the ship caused large sections of the bridge to snap apart and fall into the river. The collapse of the bridge has resulted in a major transportation emergency for Baltimore, with significant implications for shipping and trucking around the Port of Baltimore .
The bridge collapse occurred while six workers were repairing potholes on the bridge. Unfortunately, all six workers are now presumed dead. The search for the workers has been suspended until Wednesday morning, when search divers will resume their efforts to provide closure to the families of the missing workers .
The cause of the collapse is still under invest...
#newstr #Baltimore #BridgeCollapse #Port #Economy #SupplyChain
US Treasury Yields Little Changed as Investors Weigh Economic Outlook
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#40fa53ea ver:0.1
Speculators have reduced their bearish bets on US Treasury two-year and five-year note futures, indicating expectations of lower yields. This decline in net short positioning on the shorter end of the curve suggests that the Federal Reserve may be nearing the end of its tightening cycle. In contrast, bearish positioning on longer-dated notes and bonds has increased, pointing to a steepening trend in the yield curve. The comments made by Fed Chair Jerome Powell are seen as dovish, with investors pricing in the likelihood that the Fed is done raising rates.
US yields fell after weak data on U.S. manufacturing and a Federal Reserve official's comment on the balance sheet reset. The Institute for Supply Management (ISM) reported that its purchasing managers index for manufacturing fell to 47....
#newstr #UsTreasuryYields #FederalReserve #EconomicOutlook #InterestRates #DurableGoodsOrders
US Federal Reserve Rate Cuts Expected to Support Malaysian Bond Market and Ringgit
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#1afbfd58 ver:1.23
The US Federal Reserve's decision to pause rate cuts for a fifth consecutive time is expected to support the Malaysian bond market and the ringgit, according to Opus Asset Management. The asset management firm, which oversees mainly fixed-income investments worth around RM7.6 billion, believes that the potential start of rate cuts by the Fed will be beneficial for Malaysia. While the Fed has maintained the current Fed funds rate (FFR) at 5.25% to 5.5%, it continues to signal multiple cuts before the end of the year. Opus Asset Management predicts that the Fed will keep rates higher for longer and implement 50-100 basis point cuts in the second half of 2024. However, the impact of tight labor market conditions in the US may influence the Fed's rate cuts and its inflation rate targeting poli...
#newstr #UsFederalReserve #RateCuts #MalaysianBondMarket #Ringgit #OpusAssetManagement
Chinese President Xi Jinping Meets with Top US Executives in Beijing to Boost Confidence in the World's Second Largest Economy
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#dda14a4e ver:0.4
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 i...
#newstr #China #XiJinping #UsBusinessExecutives #ForeignInvestment #EconomicGrowth #ChinausRelations
Debate on President Biden's opposition to U.S. Steel-Nippon Steel deal and calls to dump Kamala Harris
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#3f84714e ver:0.53
Nippon Steel Corp has stated that its proposed $14.9 billion acquisition of US Steel will not result in layoffs or plant closures. The company issued a statement addressing the concerns of the president and the United Steelworkers (USW) union, committing to invest $1.4 billion, increase the current collective bargaining agreement by over 140%, and ensure no layoffs or plant closures as a result of the deal. The proposed acquisition is subject to review by the Committee on Foreign Investment in the United States (CFIUS). US Steel expects the deal to close later this year and believes it will lead to innovation and digital transformation in the steel industry. The United Steelworkers Union (USW) has expressed concerns about the long-term impacts of the sale on the economy and national securi...
#newstr #NipponSteel #UsSteel #Merger #SteelIndustry #JobCreation #EconomicGrowth
The Economic and Human Rights Perspective on Immigration in Canada
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#90ae7397 ver:0.06
Canada's economy is facing challenges such as a slowdown in growth, weakened consumer spending, and cooling labor market [4212111]. Foreign control also plays a significant role in shaping Canada's economy, with the share of assets owned by foreign-controlled enterprises decreasing slightly from 2020 to 2021 [4212111]. The United States is the largest foreign investor in Canada, followed by Asia [4212111]. The financial sector has seen a decline in foreign-controlled assets, while the non-financial sector has maintained a steady percentage [4212111]. Highly regulated industries in Canada are predominantly Canadian-controlled [4212111]. The Canadian government is committed to supporting its citizens and addressing housing affordability through measures like the Affordable Housing and Grocer...
#newstr #Immigration #EconomicFreedom #ForeignControl #HousingAffordability #Productivity #GovernmentRegulation #HumanRights
Japan's Yen Hits 34-Year Low, Sparks Intervention Warnings
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#080c8e6b ver:1.22
The Japanese yen has reached a 34-year low against the US dollar, trading at 151.97 yen per dollar in the Asia session. This marks a decline of about 0.2% and is the weakest level since the mid-1990s . The yen's depreciation has drawn comparisons to Japan's intervention in the foreign exchange market in 2022 when authorities defended the currency at 151.94 yen per dollar. Japanese Finance Minister Shunichi Suzuki has issued a warning, stating that Japan would take 'decisive steps' against excessive currency moves .
Japan's finance minister has stated that authorities could take 'decisive steps' against the weakness of the yen after the currency fell to a 34-year low against the US dollar. The Bank of Japan, the Finance Ministry, and Japan's Financial Services Agency will hold a meeting t...
#newstr #JapaneseYen #UsDollar #CurrencyExchangeRates #BankOfJapan #UsData #CurrencyForecast #UsMonetaryPolicy #GlobalInvestorSentiment #Forex #UsInflationData
Reconsidering the Application of the Sahm Rule to Individual States
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#ec88061c ver:0.1
Amazon economists Francesco Furno and Domenico Giannone have developed a new model to predict recessions in real time. The model uses two inputs: one focused on real-economy activity and the other on financial conditions. It is designed to deliver a reading for a given month on the first business day of the next one, with separate versions for the US and Europe. The researchers use the Composite Indicator of Systemic Stress published by the European Central Bank for the financial side of their nowcasts, and the Purchasing Managers Index for manufacturing in the US and the European Commission's Economic Sentiment Indicator for the real-economy side. The model is said to be more useful at detecting the end of a recession and the beginning of a recovery. The economists argue that financial co...
#newstr #Recession #Unemployment #EconomicIndicators #SahmRule #StateCoincidentIndexes
Goldman Sachs Asset Management: Limited Upside for U.S. Stocks, India Offers Significant Growth Potential
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#82d3771c ver:0.11
James Ashley, head of international market strategy at Goldman Sachs Asset Management (GSAM), believes that U.S. equities are fairly valued but have limited upside at their current valuations. However, GSAM sees India as a strategic long-term growth story with significant upside in its stock market. Ashley also mentioned that Japanese stocks have more room to run due to a significant monetary policy shift. He believes that Japan is the most attractive developed market both in the short-term and long-term. GSAM suggests that investors should be looking for better opportunities outside of U.S. stocks.
Krishna Sanghavi, an expert in the Indian market, predicts that India's shift towards manufacturing for export and import substitution will drive growth in core economy sectors. He emphasizes...
#newstr #UsStocks #GoldmanSachsAssetManagement #India #Japan
The Rise of Protectionist Parties in Europe: Insights from the European Social Survey
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#ccc32e5c ver:0.14
The world is experiencing a rise in economic nationalism, with countries prioritizing their domestic agendas over free trade. Economic nationalism can be beneficial when pursued judiciously to build economic strength and reinforce national purpose. It frames the economy in terms of serving the nation and can be compatible with openness to international trade. East Asian developmental states have successfully combined economic integration with selective protection of key industries. While economic nationalism has its drawbacks, such as excessive state control and indiscriminate trade barriers, when done right, it can lead to inclusive domestic economies and cohesive societies. The risk lies in the US acting as a bully and imposing its policy preferences on others, which would harm the rest ...
#newstr #ProtectionistParties #EuropeanSocialSurvey #Supporters #Education #Unemployment #TradeUnions
US Closes Investigations into Problems with 2 Jeep SUVs without Seeking Recalls, Subaru to Recall Over 118,000 Vehicles in US
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#be42f0c8 ver:0.04
The US has closed investigations into issues with two Jeep SUV models without seeking recalls. The National Highway Traffic Safety Administration (NHTSA) concluded that there was no evidence of a defect that would require a recall for the 2012 Jeep Grand Cherokee and 2009-2010 Jeep Wrangler models. The investigations were opened in 2013 and 2014 after receiving complaints about the vehicles. The NHTSA found that the reported issues, including engine stalling and airbag non-deployment, were not caused by a defect in the vehicles. The agency stated that the incidents were consistent with normal vehicle operation and did not pose an unreasonable risk to safety. However, the NHTSA did acknowledge that there were some instances where the vehicles experienced issues, but these were attributed to...
#newstr #Us #JeepSuvs #Subaru #VehicleRecall #Nhtsa
Hong Kong Considers Mandatory Surveillance and Dash Cameras in Taxis
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#52353eb3 ver:0.08
The Hong Kong government is considering a proposal to make surveillance and dash cameras mandatory in taxis. Secretary for Transport and Logistics Lam Sai-hung announced that the government will consult with the taxi industry on this matter. The proposal comes after some members suggested the installation of a central cloud-based camera system in all taxi compartments to facilitate the retrieval of video files by law enforcement authorities. Legislative Councillors Junius Ho and Ben Chan believe that more cameras would protect the interests of passengers, while lawmaker Michael Lu suggests that Hong Kong should follow the examples of China, Australia, and New Zealand. Lawmaker Luk Chung-hung stated that if taxi owners or companies install cameras and provide full records to insurers, it ma...
#newstr #HongKong #TaxiIndustry #SurveillanceCameras #DashCameras