Reported 4 months ago
Google announced a $2 billion investment in Malaysia to establish its first data center and a Google Cloud hub, following Microsoft's commitment of $2.2 billion for cloud and AI infrastructure in the country. Malaysian Prime Minister Anwar Ibrahim welcomed Google's investment, anticipating a $3.2 billion economic boost and 26,500 job creations by 2030. The new hubs will be in Selangor state, focusing on cloud services and AI literacy programs, making Malaysia the 12th country with a Google data center. The investment aligns with Malaysia's 'Cloud First Policy' and cybersecurity standards.
Source: YAHOO
Reported 4 months ago
Cruise operators like Royal Caribbean, Carnival, and Norwegian Cruise Line Holdings are offering discounts on summer itineraries to fill empty cabins on older ships, as more vessels head to popular Caribbean and Alaskan destinations and avoid the Red Sea due to conflicts. Despite record demand and higher revenues, prices for summer cruises from the United States are cheaper than last year, with discounts of up to 21% on Caribbean itineraries. The companies are discounting older ships with newer ones entering the market, while newer ships like Royal Caribbean's Icon of the Seas maintain higher prices. Cruise fares are also falling in Alaska due to increased capacity, with discounts of up to 20% on Carnival's Alaskan cruises.
Source: YAHOO
Reported 4 months ago
The article discusses how global bond markets are facing the largest amount of net sovereign issuance so far this year in June, totaling $340 billion for the US, euro zone, and Britain, which could test investors' appetite for debt as rate cut expectations diminish. The increase in bond supply comes as central banks reduce their holdings and economic data suggests a delay in interest rate cuts. Analysts warn that the supply could push yields higher, potentially unsettling investors looking for a bond market rally. Despite strong investor demand for bonds, concerns remain about the long-term rise in global debt levels.
Source: YAHOO
Reported 4 months ago
Adria Arjona, known for her role in "Good Omens," revealed in an interview with InStyle that she initially tried to quit the show due to early career acting nerves and feeling undeserving of the role that was offered to her. Despite her insecurities, creator Neil Gaiman had confidence in her portrayal, which ultimately led to her overcoming her fears and delivering a successful performance in the comedy series.
Source: YAHOO
Reported 4 months ago
Chinese EV makers BYD, Chery, and Great Wall Motor are gearing up to challenge Tesla and legacy automakers in Europe by launching around 20 new models over the next five years, investing heavily in sales and marketing efforts, and focusing on factors like branding, dealership networks, and service operations. While Chinese automakers are making strides in the European market, they face challenges in building brand awareness and overcoming consumer perceptions. Additionally, they are strategically pricing their vehicles, focusing on total cost of ownership, and making efforts to appeal to fleet consumers. The article highlights the competitive landscape and strategies employed by Chinese automakers to establish a foothold in the European EV market.
Source: YAHOO
Reported 4 months ago
South Africa's central bank is expected to maintain its benchmark interest rate at 8.25%, the highest in 15 years, in the face of political uncertainty following the country’s recent election. Despite a slight easing of inflation to 5.2%, which remains above the target range, economists do not anticipate a rate cut yet. The outcome of the election could potentially impact future rate decisions based on its effect on the rand's value and inflation outlook.
Source: YAHOO
Reported 4 months ago
New Zealand's government delivered a budget with modest tax relief and reduced new spending amid a struggling economy, rising unemployment, and a weaker balance sheet. Finance Minister Nicola Willis highlighted the challenges faced by the economy, including high inflation and a technical recession, as the government aims to provide relief to lower- and middle-income earners through changes to personal income thresholds and tax credits. The budget faced criticism for neglecting the Indigenous Maori population, with protesters rallying across the country. The government predicts a budget deficit for 2023/24 and aims to return to surplus in 2027-28, while emphasizing the need to contain inflation and stimulate economic growth.
Source: YAHOO
Reported 4 months ago
The 26th Shanghai International Film Festival has announced its competition lineup for 2024, highlighting a selection heavy on Chinese films alongside European, Japanese, and Central Asian titles, with no entries from the U.S. or South Korea. Standout films include Chinese director Guan Hu's drama "A Man and a Woman" featuring Huang Bo and Ni Ni, as well as works from directors Wei Shujun and Zhang Dalei. The festival, running from June 14 to 23, will feature Tran Anh Hung as the president of the jury, with a diverse panel of international filmmakers and actors.
Source: YAHOO
Reported 4 months ago
Yankees manager Aaron Boone was ejected from the game against the Angels due to an interference call on Juan Soto that probably shouldn't have been made. Despite the call, the Yankees went on to win 2-1 thanks to strong performances by Luis Gil, Alex Verdugo, and Anthony Volpe. Boone expressed frustration with the call but acknowledged that, technically, it was correct by the rulebook. The win improved the Yankees' record to 38-19, keeping them 1.5 games ahead of the Orioles in the American League East.
Source: YAHOO
Reported 4 months ago
Toyota's global sales and production declined in April, with a 0.5% drop in sales attributed to a 27% decrease in China and a 14% decrease in Japan, offsetting growth in the United States and Europe. Toyota faced challenges in China due to a fierce price war and in Japan from production halts and a safety test scandal. The automaker reported a 4.0% decrease in global production, with higher output in the U.S. and India not enough to offset weaker production in other markets like China and Japan. Toyota's hybrid vehicles accounted for nearly 40% of sales, while electric vehicles made up only 2%.
Source: YAHOO
Reported 4 months ago
UiPath's stock plummeted by 35% after the company reported a weaker outlook and a surprise CEO transition, with Rob Enslin stepping down and founder Daniel Dines returning as CEO. Despite reporting solid first-quarter results with earnings and revenue exceeding expectations, UiPath's second-quarter revenue forecast fell short of market estimates, leading to analyst downgrades and concerns about the company's future growth prospects and execution challenges.
Source: YAHOO
Reported 4 months ago
China's manufacturing activity in May is expected to have grown at a similar pace to April, with a forecasted official purchasing managers' index (PMI) of 50.4. However, there are contrasting forecasts from different economists, reflecting uncertainty in China's growth outlook as the economy continues to recover from the impact of the property sector crisis. While recent economic indicators have shown positive signs, such as 5.3% growth in the first quarter, analysts remain cautious about the sustainability of this recovery due to ongoing challenges in the property sector and weak domestic and overseas demand.
Source: YAHOO
Reported 4 months ago
Kris Jenner and Corey Gamble, with a 25-year age gap, celebrated their 10-year relationship during Paris Fashion Week on The Kardashians. Kris admitted being initially skeptical about the age difference but learned from Corey that age is just a number. Their private romance began in 2014 and Kris praised Corey as a supportive partner, stating he offers valuable insights and helps her navigate her career decisions. Corey is described as a people person who has been a significant support system for Kris and her family.
Source: YAHOO
Reported 4 months ago
Source: BARRONS
Reported 4 months ago
Telecommunications companies like AT&T, BT Group, and Orange are exploring the opportunity to recover and recycle old copper wiring, potentially yielding over 800,000 metric tons of copper worth more than $7 billion in the next decade. This move comes as copper demand is expected to increase significantly by 2040, and mining becomes more challenging and expensive. Companies like AT&T are scaling up their copper recovery efforts, with the potential for significant profits from extracting and selling recycled copper at current prices.
Source: YAHOO
Reported 4 months ago
Jorge López will be released by the struggling New York Mets after the reliever threw his glove into the stands following his ejection at Citi Field. López, who expressed no remorse over the incident, will be cut by the team for his behavior deemed "not acceptable" by Mets manager Carlos Mendoza. Despite his initial denial, López will be designated for assignment, giving the Mets seven days to trade, release, or send him to the minors.
Source: YAHOO
Reported 4 months ago
BuzzFeed article recounts 21 eerie experiences shared by individuals who narrowly avoided dangerous situations by listening to their gut instincts, including incidents involving car accidents, potential crimes, health emergencies, and more. These stories emphasize the significance of intuition in staying safe and making life-saving decisions.
Source: YAHOO
Reported 4 months ago
Sony's head of movies business, Tony Vinciquerra, highlighted Crunchyroll as a key growth driver for Sony Pictures Entertainment (SPE), emphasizing its role in capitalizing on the global expansion of anime. With 13 million subscribers worldwide, Crunchyroll, along with Aniplex, positions Sony as a significant player in the anime market. Vinciquerra outlined plans for Crunchyroll's expansion in Southeast Asia and India through Amazon Channels, aiming to tap into the growing $60 billion anime market by 2030. Sony's strategy focuses on acquiring more intellectual property and content to strengthen its position as a content provider amidst industry disruptions. Vinciquerra also hinted at potential investment opportunities following the scrapped merger with India's Zee Entertainment.
Source: YAHOO
Reported 4 months ago
Ursa Major，一家初創火箭動力製造商，成功在地面上對其新的Draper引擎進行了50多次測試，這是美國高超音速和太空推進技術的一大進步。該引擎也設計用於地球軌道中的可操縱太空飛行器，並被美國官員視為對抗來自對手（如俄羅斯和中國）的威脅至關重要的威懾力量。 Ursa Major表示，這一成功的測試定位該公司將繼續其積極的發展計劃，目標很快進入美國政府的測試程序。
Source: YAHOO
Reported 4 months ago
Boeing officials presented a detailed plan to federal regulators on how the company intends to address safety and quality concerns surrounding its aircraft manufacturing operations. The plan includes steps like increased inspections, tighter controls over suppliers, and establishing a new safety and quality culture. The company's CEO and COO have expressed commitment to executing the plan, which was developed with input from employees, the FAA, airlines, and independent experts, following a recent incident on an Alaska Airlines Boeing 737 Max 9. Boeing's efforts aim to strengthen its foundation in the aviation industry amidst various challenges and setbacks currently faced.
Source: YAHOO
Reported 4 months ago
Plumber Charlie Mullins, once the UK's richest plumber owning Pimlico Plumbers Ltd., sold his business to KKR & Co. for £140 million in 2021, which led to regret after sales declined and family members left the company. Private equity firms like KKR are aggressively buying home-services companies, aiming to capitalize on the industry's expansion as millennials purchase homes. Mullins, known for his flashy lifestyle, plans to launch a new plumbing company, WeFix, in London, seeing an opportunity in the market. The trend of PE firms buying such businesses raises concerns about maintaining personal connections with customers as industry consolidates.
Source: YAHOO
Reported 4 months ago
A Bankrate survey reveals that 61% of parents with adult children are sacrificing financially to assist their kids, with Gen X parents more likely at 69% compared to 56% of baby boomer parents. The financial support includes paying bills, helping with big purchases, and providing rent-free accommodations. More than 1 in 4 adults over 23 receive financial aid from parents, especially for housing. Parents are sacrificing their own financial future, with 43% sacrificing emergency savings and 41% paying off debt to support their adult children.
Source: YAHOO
Reported 4 months ago
Brookfield正與Neoen SA進行獨家談判，計劃發起一項收購提議，將這家法國可再生能源開發商的估值定在約61億歐元（66億美元）。Brookfield與Brookfield Renewable Partners和新加坡的淡馬錫控股已計劃收購法國億萬富翁Jacques Veyrat的Impala SAS控股公司持有的42%股份。一旦完成股份收購，Brookfield打算以相同價格全現金發起對公司其餘股份的收購提議，並將其私有化。Neoen董事會一致歡迎此提議。
Source: YAHOO
Reported 4 months ago
In the Western Conference final, the Edmonton Oilers rallied from a slow start in Game 4 to beat the Dallas Stars 5-2 and tie the series. After trailing 2-0 and not registering a shot, the Oilers found their stride, scoring three unanswered goals in the first period. A short-handed goal by Mattias Janmark and a goal by Leon Draisaitl in the second period secured the victory. The series is now tied 2-2, setting up an intense best-of-three for a chance to advance to the Stanley Cup final.
Source: YAHOO
Reported 4 months ago
Wayne Gretzky expressed surprise at the unpredictable nature of the Dallas Stars' Western Conference Finals series against the Edmonton Oilers. Despite a strong start in Game 4, the Stars lost 5-2, leaving the series tied. With concerns over injuries to key defenseman Chris Tanev and shortcomings in their defensive lineup, the Stars are facing obstacles in the playoffs, particularly against star player Conor McDavid of the Oilers.
Source: YAHOO