Politics in North Atlantic Treaty Organization (NATO) & business activity
Politics in North Atlantic Treaty Organization (NATO)
#politics-in-north-atlantic-treaty-organization-nato
‘You’re Never Too Busy For Your Banker’: How Italy’s ’Ndrangheta Mafia Allegedly Infiltrated Canadian Banks - OCCRP
occrp.org/en/investigations/youre-never-too-busy-for-your-banker-how-italys-ndrangheta-mafia-allegedly-infiltrated-canadian-banks
Quick Glance: How Italy’s 'Ndrangheta Mafia Infiltrated Canadian Banks
- A faction of the 'Ndrangheta based in Toronto allegedly relied on relationships with staff at two major Canadian banks to facilitate their financial activities.
- Angelo Figliomeni, the suspected leader, was targeted in a large-scale organized crime investigation where charges against him and his associates were eventually dropped.
- Through internal police reports, wiretap summaries, and court records, it was revealed how Figliomeni and his allies allegedly infiltrated two major Canadian banks.
- Investigations uncovered that Figliomeni and his group may have laundered their proceeds from illegal activities through the banks, although the charges were ultimately not pursued in court.
Seth MacFarlane Foundation Teams With Martin Scorsese’s Film Foundation To Restore Its First-Ever Collection Of Animated Pics
deadline.com/2024/04/seth-macfarlane-martin-scorsese-animation-restoration-1235888528/
Quick Glance: Seth MacFarlane & Martin Scorsese Restore Vintage Animated Shorts
- Seth MacFarlane & Martin Scorsese join forces to restore vintage animated shorts, with some set to premiere at the TCM Classic Film Festival.
- Family Guy creator Seth MacFarlane and Goodfellas director Martin Scorsese have teamed up to fund the restoration of historically significant animated shorts from the 1920s to 1940s.
- The restored animated shorts mainly come from Max and Dave Fleischer, best known for their work on Superman, Popeye the Sailor, Betty Boop, and Koko the Clown. Funded by the Seth MacFarlane Foundation, the restorations used unique original pre-print elements and/or print sources, mostly nitrate, held at UCLA Film & Television Archive.
- Martin Scorsese is a strong advocate for restoring forgotten films and emphasizes the importance of preserving cinematic heritage. Some of these restored shorts will premiere at the 2024 TCM Classic Film Festival, with Seth MacFarlane providing a personal introduction.
Record value for financial assets: German private households are richer than ever
n-tv.de/wirtschaft/Deutsche-Privathaushalte-sind-so-reich-wie-nie-article24882901.html
Quick Glance: Record: Germans Hold 7716 Billion Euros in Wealth
- German private individuals hold a net wealth of 7716 billion euros.
- Stocks and investment funds saw significant gains in the last quarter.
- Cash and bank deposits remain the largest component of wealth.
- Household net wealth increases by 244 billion euros to 5560 billion euros.
From @Breakingviews : Tesla is asking investors to re-ratify Elon Musk’s court-voided $40-billion pay package, which @JMAGuilford explains ... Show more www.reuters.com/legal/transactional/musks-next-big-payday-matters-more-than-his-last-2024-04-17/
Peter Murrell charged with embezzlement in SNP finance probe: The husband of Nicola Sturgeon had been re-arrested in connection with the SNP finances ...
bbc.com/news/uk-scotland-68850088
Quick Glance: Police Investigation into SNP Finances: Key Updates
- On Thursday, the re-arrest of Peter Murrell, the husband of Nicola Sturgeon, took place as part of the police investigation into the SNP’s finances.
- Murrell, aged 59, was apprehended and underwent interrogation by detectives.
- The arrest occurred slightly more than a year subsequent to the search conducted by Police Scotland officers at the couple’s residence, where a blue tent was set up outside the property, alongside searches at the SNP’s headquarters in Edinburgh.
- In April 2024, Peter Murrell was charged with 'embezzlement' of funds from the SNP.
Hyundai pauses ads on X over brand safety issues: South Korea's Hyundai said on Friday that it had paused advertising on X, formerly known as Twitter ...
reuters.com/business/autos-transportation/hyundai-pauses-ads-x-over-brand-safety-issues-2024-04-19/
Fed's Bostic: open to a rate hike if inflation progress stalls: Atlanta Federal Reserve Bank President Raphael Bostic on Thursday said that if inflation does not ...
reuters.com/markets/us/feds-bostic-open-rate-hike-if-inflation-progress-stalls-2024-04-18/
Revealed: Tory MP allegedly demanded campaign cash to pay ‘bad people’: Mark Menzies, MP for Fylde, used thousands of pounds raised by donors for private ...
thetimes.co.uk/article/tory-mp-mark-menzies-under-investigation-campaign-funds-bhksggpwl
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UK freezes London property linked to Putin ally after ICIJ report - ICIJ: Since Russia invaded Ukraine in 2022, the U.K. government has faced criticism for ...
icij.org/investigations/pandora-papers/uk-freezes-london-property-linked-to-putin-ally-after-icij-report/
Quick Glance: UK Reacts to ICIJ Report on London Property of Putin Ally
- The UK government froze the multimillion-dollar London property roughly a week after the International Consortium of Investigative Journalists unveiled its connection to Igor Komarov and its seemingly untouched status by sanctions against the high-ranking Kremlin official.
- In February, the ongoing relationship between Komarov and the prime central London townhouse on Herbert Crescent, purchased for over $16.5 million through a British Virgin Islands-based shell company he previously managed, was highlighted.
- An update was made on April 5 regarding the Companies House records for Wastom, aligning with the ROE filings.
Gun makers urge US Supreme Court to hear appeal in Mexico's lawsuit: U.S. gun manufacturers on Thursday asked the U.S. Supreme Court hear their challenge to ...
reuters.com/world/us/gun-makers-urge-us-supreme-court-hear-appeal-mexicos-lawsuit-2024-04-19/
Quick Glance: Gun Manufacturers Seek US Supreme Court Appeal in Mexico's Lawsuit
- U.S. gun manufacturers are urging the U.S. Supreme Court to hear their challenge against Mexico's $10 billion lawsuit, accusing them of facilitating the trafficking of firearms to violent drug cartels along the U.S.-Mexico border.
- Eight companies, including Smith & Wesson Brands and Sturm, Ruger & Co, argued that a lower court wrongly determined that the case qualified for an exception to a U.S. law providing broad protection to the firearms industry from misuse lawsuits.
- The companies argued that without the U.S. Supreme Court's intervention, the U.S. firearms industry would face years of costly litigation by a 'foreign sovereign' attempting to push the industry into adopting gun control measures rejected by American voters.
- In its 2021 lawsuit, Mexico alleged that the companies undermined its strict gun laws by designing, marketing, and distributing military-style assault weapons they knew would arm drug cartels, resulting in murders, extortions, and kidnappings in the country.
Tesla shares tumble below $150 per share, giving up all gains made over the past year
apnews.com/article/tesla-stock-elon-musk-electric-vehicles-a58609b126ba5f5b7655f6049ecb27f1
Quick Glance: Tesla Shares Plummet Below $150, Erasing Year's Gains
- Tesla's stock tumbled below $150 per share, erasing all gains made in the past year, reflecting falling sales and deep discounts to attract buyers.
- Shares of Tesla have fallen by 12.4% this week and over 39% this year, accompanied by a global staff reduction of 10% amounting to around 14,000 jobs.
- Tesla's stock hit an all-time high in November 2021 but sales plummeted last quarter due to increased competition and failed price cuts to bolster demand.
- Anticipated lower first-quarter earnings for Tesla raise concerns about potential catalysts to reverse the stock decline amidst uncertainties surrounding the release of a new affordable electric vehicle and strategic shifts within the company.
A Texas appellate court upheld a decision to reject attorney disciplinary charges against Donald Trump ally Sidney Powell ...
reut.rs/3Q7IwBz
Elections USA: If Trump wins, conservative revolution expected: In a “PRO Global” series, the NZZ wants to show what consequences a second US presidency of ...
nzz.ch/pro-global/falls-donald-trump-gewinnt-ist-die-weltordnung-bedroht-ld.1825041
Biden endorses House aid package for Israel, Ukraine: House Speaker Mike Johnson is forging ahead toward a vote later this week on a package of Ukraine funding ...
apnews.com/article/ukraine-aid-house-speaker-f08102e171dcac2d66d513980d828d49
Quick Glance: Biden's Backing of House Aid Package for Israel and Ukraine
- President Joe Biden endorses an aid package for Ukraine, Israel, and Taiwan.
- Crucial bipartisan support emerges for the approval of $95 billion in funding for U.S. allies.
- The package includes economic assistance for Kyiv in the form of forgivable loans and enhanced monitoring of military funds.
- Democrats and progressives oppose aspects of the package, while some Republicans reject House Speaker Mike Johnson.
Trump campaign asks GOP candidates using Trump’s name and likeness in fundraising to give it a cut
cnn.com/2024/04/17/politics/trump-campaign-republicans-fundraising/
Quick Glance: Trump campaign seeks share of candidates' donations
- The Trump campaign asks Republican candidates using his name and image in fundraising appeals to give at least 5 percent of the proceeds to the campaign.
- The purpose of the 5 percent request is to prevent 'scammers' from misusing Trump's brand and affecting his fundraising efforts.
- Trump is struggling to catch up to Biden's fundraising and aims to boost his campaign account with the help of donors.
- The campaign warns of consequences for vendors and requests compliance with guidelines to avoid suspension of business relationships.
Fee for platform X: Musk: new users should pay: Anyone who sets up a new account on X will have to pay in future. Elon Musk wants to beat annoying bots with a ...
zdf.de/nachrichten/wirtschaft/unternehmen/musk-x-gebuehr-100.html
Quick Glance: Musk Plans Fee for New X Users
- Elon Musk intends to charge new users of X in the initial months to curb the activity of automated bot accounts.
- The fee is set to be waived after three months to allow free posting.
- Tests in New Zealand and the Philippines raised skepticism about the effectiveness of the fee as a countermeasure against bots.
- Declining revenues at X post-rebranding and Twitter acquisition, along with a negative brand perception by companies, are impacting the service's business.
US to spend $1 billion on food aid abroad amid global hunger crisis: The U.S. Department of Agriculture and the U.S. Agency for International Development will ...
reuters.com/world/us/us-spend-1-billion-food-aid-abroad-amid-global-hunger-crisis-2024-04-18/
Yellen calls Republican delays in approving Ukraine aid inexcusable: U.S. Treasury Secretary Janet Yellen on Wednesday underscored the Biden administration's ...
reut.rs/3xGLYwS
Fed to cut rates in September and maybe once more this year - Reuters poll: The U.S. Federal Reserve will wait until September to cut its key interest rate ...
reuters.com/markets/us/fed-cut-rates-september-maybe-once-more-this-year-2024-04-18/
Tesla tries legal 'Band-Aid' to revive Musk's huge pay deal: Tesla and Elon Musk are seizing upon an obscure provision in corporate law to attempt to restore ...
reuters.com/legal/tesla-tries-legal-band-aid-revive-musks-huge-pay-deal-2024-04-18/
Boeing in the spotlight as Congress calls a whistleblower to testify about defects in planes
apnews.com/article/boeing-whistleblowers-safety-senate-hearings-f8354ddddc6372e3337cd74b9ea264e3
Slow clean power generation growth hits Texas power sector: Maguire: Drops in power generation from wind farms, hydro dams and nuclear reactors has forced the ...
reuters.com/sustainability/climate-energy/slow-clean-power-generation-growth-hits-texas-power-sector-maguire-2024-04-17/
Joe Biden takes his first jab at Donald Trump over hush-money trial: With the slightest of jabs Wednesday, President Joe Biden publicly acknowledged former ...
usatoday.com/story/news/politics/elections/2024/04/17/biden-jabs-trump-over-hush-money-trial/73354008007/
Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel
- US President Joe Biden is pushing for an increase in tariffs on Chinese steel and aluminium to strengthen union support in the swing state of Pennsylvania.
- During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.
- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
BREAKING: The US Federal Aviation Administration issued a ground stop advisory for all Alaska Airlines' mainline and subcarrier flights and that flights for ...
reut.rs/3UmTQN0
Tesla seeks to award Elon Musk $56bn pay package: The deal, if approved by shareholders and judges, would be the largest in corporate America.
bbc.com/news/articles/cqqndqndpq5o
Why Tesla wants to give Elon Musk $55 billion pay package: Tesla says Elon Musk's pay package is a "matter of fundamental fairness and respect to our CEO."
businessinsider.com/why-tesla-wants-give-elon-musk-billion-pay-package-2024-4
Quick Glance: Why Tesla Wants Approval for Elon Musk's $55 Billion Compensation Package
- Tesla is seeking shareholder approval for Elon Musk's compensation package, which was previously rejected by a judge.
- The company asserts that implementing the plan is crucial for Tesla's future growth.
- Elon Musk will be rewarded with stock options that become available when Tesla achieves specific financial objectives.
'This is a criminal cover up': Ed Pierson, a former senior manager at Boeing, said the company continues to 'conceal the truth' about the safety of their ... Show more reut.rs/49HU4T2
Scorsese Eyes Sinatra Biopic With DiCaprio and JLaw To Star: The aging director wants to make a movie about Frank Sinatra’s life, but he’ll have to go through ...
thedailybeast.com/scorsese-eyes-sinatra-biopic-with-dicaprio-and-jlaw-to-star
Quick Glance: Scorsese Plans Sinatra Biopic with DiCaprio and Lawrence; Spielberg Plots UFO Film
- Martin Scorsese is planning a Sinatra biopic with Leonardo DiCaprio and Jennifer Lawrence. Tina Sinatra's approval is pending.
- 'A Life of Jesus' is scheduled to film in Italy, Egypt, and Israel this year. Steven Spielberg is working on a UFO film.
- Andrew Garfield and Miles Teller are being considered for 'A Life of Jesus'. Spielberg opts for a UFO film over Bullitt.
- David Koepp will pen the script for Spielberg's UFO film. The psychological components will be significant post 'Fabelmans'.
Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years: As the economy cools, pressure is building on the Bank of England to cut interest rates.
nytimes.com/2024/04/17/business/uk-inflation-economy-interest-rates.html
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
Wall Street wants answers from Elon Musk on Tesla's Model 2 car: Elon Musk has kept investors hanging since he issued cryptic social posts following an exclusive ...
reuters.com/business/autos-transportation/wall-street-wants-answers-musk-teslas-affordable-car-2024-04-17/
Job cuts at Tesla: Elon Musk would love to be a visionary: The Tesla boss wants to be special and save the world. But the current employee layoffs are neither ...
tagesanzeiger.ch/stellenabbau-bei-tesla-elon-musk-waer-so-gern-ein-visionaer-239188072200
4 Takeaways from Today’s Hearing on Antisemitism at Columbia University: The closely watched hearing included several tense exchanges between members of Congress ...
nytimes.com/2024/04/17/nyregion/columbia-university-antisemitism-hearing-takeaways.html
Quick Glance: Columbia Leaders Questioned on Campus Antisemitism
- Columbia University leaders faced scrutiny from lawmakers regarding their actions against campus antisemitism.
- Congress members expressed disbelief over faculty members' statements and the university's response.
- University leaders expressed concern and promised changes to facilitate reporting incidents and enforcing rules.
- The hearing sparked debates on free speech, political context, and addressing antisemitism incidents in higher education.
Alabama Mercedes workers to vote on union representation: Thousands of Alabama Mercedes-Benz workers will vote in May to determine if they want United Auto ...
trib.al/J7iCeLV
Quick Glance: Historic Vote at Volkswagen Plant in Tennessee
- This week, 4,300 hourly workers at a Volkswagen plant in Chattanooga, Tennessee, are voting on whether to join the United Auto Workers union.
- The significance of this vote lies in the potential shift in union dynamics in the South, with the UAW launching a strong campaign to penetrate non-union auto factories in the region.
- The outcome of this vote could either significantly strengthen or hinder the union, with the UAW needing a majority of yes votes to win.
- Southern politicians warn of job losses if unionization occurs in the region, while Volkswagen emphasizes respecting employees' right to choose and its substantial investments in the plant.
Here's why experts don't think cloud seeding played a role in Dubai's downpour: Scientists say it's highly unlikely cloud seeding is responsible for the heavy ...
ctvnews.ca/climate-and-environment/here-s-why-experts-don-t-think-cloud-seeding-played-a-role-in-dubai-s-downpour-1.6851554
Quick Glance: Cloud Seeding and the Record-Breaking Rains in Dubai
- Record-breaking rainfall in the UAE has caused widespread flooding.
- Experts speculate that cloud seeding may have contributed to this unprecedented weather event.
- Cloud seeding is a technique where special salt flares are burned in clouds to stimulate rain.
- While cloud seeding is practiced in many countries, some scientists remain cautious about its long-term impacts.
Twelve jurors have been picked in Trump's hush money trial: A jury of 12 people has been seated in former President Donald Trump’s hush money trial in New York ...
apnews.com/article/trump-manhattan-stormy-daniels-michael-cohen-b514cb52bb31a82579cb827c40166173
Quick Glance: Twelve Jurors Seated in Trump's Hush Money Trial
- A jury of 12 individuals was empaneled on Thursday in the landmark hush money trial of former President Donald Trump, bringing the proceedings closer to opening arguments and the commencement of weeks filled with compelling testimonies.
- The upcoming trial is anticipated to present unfavorable testimonies regarding Trump's personal life pre-presidency, including accusations of manipulating business records to suppress narratives in the final days of the 2016 election surrounding his intimate relationships.
- Central to the trial is a payment of $130,000 made by Cohen just before the 2016 election to adult film actress Stormy Daniels, aimed at preventing her allegations of a sexual encounter with Trump from being publicized in the campaign's final stretch.
- The selection of the jury holds paramount significance in any criminal proceeding, particularly so when the accused is a former president and the presumed Republican candidate. Potential jurors have undergone extensive scrutiny concerning their online presence, personal backgrounds, and political stances as legal representatives and the judge meticulously scrutinize for partialities that could compromise their impartiality.
An NPR editor who wrote a critical essay on the company has resigned after being suspended
apnews.com/article/npr-editor-resigns-conservative-liberal-c259642e3920e99d5f05a7fe1a90012e
Quick Glance: NPR Suspends Senior Editor Following Critical Substack Analysis
- Senior business editor Uri Berliner at NPR was suspended due to critical remarks about the broadcaster.
- Berliner faced a five-day suspension after releasing an analysis claiming NPR's coverage was influenced by liberal bias.
- NPR accused Berliner of breaching company policies by publishing his work outside the organization without approval.
- Following the essay's release, NPR employees lost confidence in Berliner, and the network's new CEO came under scrutiny from conservative activists.
"Gender pay gap" in basketball: super-talented Caitlin Clark's salary causes outrage
spiegel.de/sport/basketball/gender-pay-gap-im-basketball-gehalt-von-caitlin-clark-sorgt-fuer-empoerung-a-0e06030e-1af4-4720-a5b1-6e9887e6180f
Raid on suspicion of black money at AfD Lower Saxony: The public prosecutor's office in Hanover is investigating the deputy head of the AfD in Lower Saxony ...
tagesschau.de/inland/innenpolitik/razzia-afd-niedersachsen-100.html
Foreign holdings of US Treasuries hit record high; Japan holdings rise, data shows
reuters.com/markets/us/foreign-holdings-us-treasuries-hit-record-high-japan-holdings-rise-data-shows-2024-04-17/
SpaceX loses latest bid to keep lawsuit against NLRB in Texas: A divided federal appeals court on Wednesday rejected rocket maker SpaceX's latest bid to keep a ...
reuters.com/legal/legalindustry/nlrb-attorneys-cleared-wrongdoing-spacex-case-transfer-fight-2024-04-17/
Yellen warns of more sanctions in response to Iran's increasing activity: “Treasury will not hesitate to work with our allies to use our sanctions authority ...
pbs.org/newshour/economy/yellen-warns-of-more-sanctions-in-response-to-irans-increasing-activity
Quick Glance: Yellen warns of further sanctions in response to Iran's increasing activities
- Treasury Secretary Janet Yellen warned of potential global economic damage from rising tensions in the Middle East and pledged that the U.S. and its allies won't hesitate to use their sanctions powers to address Iran's 'malign and destabilizing activity' in the region.
- The fast-rising tensions between Iran and Israel and the potential implications of escalation on the global economy are at the forefront of the spring meetings of the International Monetary Fund and World Bank.
- Yellen announced additional sanctions actions against Iran in the coming days and expressed support for liquidating roughly $300 billion in frozen Russian Central Bank assets for Ukraine's reconstruction.
- Another major focus of this year's meetings will be Chinese industrial policy, which Yellen believes poses a threat to U.S. jobs and the global economy. She plans to meet with Chinese counterparts to identify potential areas of cooperation and address concerns.
UK Inflation Stronger Than Expected on Higher Fuel Prices: UK inflation slowed less than expected last month as fuel prices crept higher, underscoring the ...
bloomberg.com/news/articles/2024-04-17/uk-inflation-stronger-than-expected-on-higher-fuel-prices
Paid articlePaid
Adidas on front foot after exiting Kanye West deal: The Samba, Gazelle and Campus shoe maker expects to make €700m (£598m) operating profits in 2024.
bbc.com/news/business-68832173
IMF says outlook for world economy is brighter but still modest by historical standards
pbs.org/newshour/economy/imf-says-outlook-for-world-economy-is-brighter-but-still-modest-by-historical-standards
Quick Glance: IMF upgrades global growth forecast despite risks
- The International Monetary Fund slightly raised its global growth forecast on Tuesday, noting that the economy had proven 'surprisingly resilient' despite inflationary pressures and monetary policy shifts.
- IMF's chief economist, Pierre-Olivier Gourinchas, indicated that the global economy is heading for a 'soft landing,' with risks to the outlook now broadly balanced.
- While advanced economies are expected to lead the growth, dim prospects in China and other major emerging markets could impact global trade partners, according to the report.
- Despite Tuesday's brighter outlook, global growth remains low compared to historical standards, partly due to weak productivity growth and increasing geopolitical fragmentation.
Fed Chair Powell says there has been a 'lack of further progress' this year on inflation
cnbc.com/2024/04/16/powell-cites-lack-of-progress-this-year-in-reaching-feds-inflation-goal.html
Elon Musk's wealth crashes $160 billion from peak amid Tesla troubles: Tesla stock has tanked by more than 60% since late 2021, slashing Elon Musk's fortune from ...
businessinsider.com/elon-musk-net-worth-tesla-stock-ev-billionaires-wealth-layoffs-2024-4
Quick Glance: Tesla: Layoffs and Elon Musk's Reality Check
- Tesla is planning a major layoff to prepare for the future.
- Elon Musk's grasp on reality is questioned as Tesla performs mediocre in the automotive industry.
- Tesla experiences a decline in revenue margin compared to other automakers.
- The success of Tesla's future depends on the implementation of autonomous driving technology.
RTL/ntv trend barometer: The Greens fall to their worst result since 2018: For a long time, the Greens were the only one of the traffic light parties that was ...
n-tv.de/politik/Die-Gruenen-fallen-auf-schlechtesten-Wert-seit-2018-article24876378.html
US Republican Kari Lake tells supporters: 'Strap on a Glock' as election nears: Republican U.S. Senate candidate Kari Lake, an ardent supporter of former ...
reut.rs/43YgqyF
Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo: Tesla will lay off more than 10% of its global workforce, according to a memo sent ...
cnbc.com/2024/04/15/tesla-shares-dip-in-premarket-trade-on-global-layoff-reports.html
Quick Glance: Tesla to Cut 14,000 Jobs, Elon Musk Aims for Lean Brand
- Tesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles, in response to slowing demand and price pressure.
- Elon Musk announced the 'difficult decision' in a memo, mentioning that Tesla had experienced role and function duplications in certain areas due to rapid growth in recent years.
- The job cuts follow a difficult start to the year for the electric carmaker, citing production problems caused by unforeseen factors and a decline in global demand.
- Tesla recorded a gross profit margin of 17.6% in the fourth quarter, the lowest in over four years, attributed to repeated price cuts and increased competition in China.
Elon Musk is feuding with Brazil’s powerful Supreme Court: The court has become the de facto regulator of social media in the country
economist.com/the-americas/2024/04/14/elon-musk-is-feuding-with-brazils-powerful-supreme-court
Paid articlePaidQuick Glance: Elon Musk's Clash with Brazil's Supreme Court
- Serial entrepreneur Elon Musk has been publicly criticizing Alexandre de Moraes, one of Brazil's Supreme Court judges, for the past week.
- The dispute revolves around X, a social media company owned by Mr. Musk, which announced on April 6th that a Brazilian court had ordered it to block a set of 'popular' accounts or face hefty fines.
- Mr. Moraes then initiated an inquiry against Mr. Musk for obstruction of justice, leading Mr. Musk to claim that censorship in Brazil is worse than in any other country where the platform operates.
- The row highlights the power of Brazil's Supreme Court and the debate on regulating social media without harming freedom of speech, which is a crucial battleground in Brazil.
Ringgit opens higher despite greenback strength: KUALA LUMPUR: The ringgit opened higher against the US dollar today although the greenback’s appeal as a ...
thestar.com.my/business/business-news/2024/04/17/ringgit-opens-higher-despite-greenback-strength
A consortium of television networks have invited President Joe Biden to debate Donald Trump on their platforms—but giving Trump equal status on a TV stage ... Show more www.theatlantic.com/ideas/archive/2024/04/joe-biden-donald-trump-presidential-debate/678079/
Quick Glance: Trump Narrows Gap with Young Voters, Biden's Lead Shrinks - Survey Results
- A new poll shows that former President Donald Trump continues to reduce his deficit with young voters compared to President Joe Biden.
- In the Harvard Youth Poll released on Thursday, Biden leads among 18- to 29-year-olds with 45 percent compared to 37 percent for Trump, while 16 percent are undecided.
- Biden holds a significant lead among likely voters who are non-white or female. He outperforms Trump by 47 points among college graduates and by 23 points among students.
- The survey also indicates that Trump's younger supporters are much more enthusiastic about the former president than their peers who support Biden, and that Biden's approval rating among young adults is only at 31 percent.
Turkey Central Bank Chief Sees Managing Expectations a Challenge: Headline inflation in Turkey is on track to exceed 70% by May, the nation’s central bank ...
bloomberg.com/news/articles/2024-04-16/turkey-central-bank-chief-sees-managing-expectations-a-challenge
Paid articlePaid Interior Department Rejects Ambler Road Project in Alaska: A mining company wants to build a 211-mile industrial road through Alaskan wilderness to reach a large ...
nytimes.com/2024/04/16/climate/ambler-road-alaska-interior.html
Biden gives Samsung $6.4 billion in grants to boost Texas chip output: The Biden administration will award up to $6.4 billion in grants to South ...
cnn.com/2024/04/15/tech/us-southkorea-samsung-chips-hnk-intl/
Fire rips through Old Stock Exchange building in Copenhagen as people try to rescue artwork
abcnews.go.com/International/fire-rips-stock-exchange-building-copenhagen-people-rescue/story
Quick Glance: Devastating Fire Strikes Copenhagen's Old Stock Exchange
- A blaze engulfed Copenhagen’s historic former stock exchange in Denmark’s capital on Tuesday, with the spire being consumed by flames and collapsing.
- The fire spread across multiple floors of the monument, leading to the collapse of its roof, as reported by local fire department chief Jakob Vedsted Andersen.
- The tower, standing at 184 feet, featured a distinctive design resembling four intertwined dragons’ tails, symbolizing protection against enemies and fire, as indicated by tourism websites.
- Deputy Prime Minister Troels Lund Poulsen referred to the incident as Denmark’s unique moment akin to Notre Dame, alluding to the 2019 fire in the roof of the Parisian landmark.
Four green myths about the nuclear phase-out: German politicians are selling the nuclear phase-out as a success on its first anniversary. However ...
nzz.ch/international/fuenf-gruene-mythen-ueber-den-atomausstieg-ld.1826362
Quick Glance: Myths and Realities of Nuclear Phase-Out
- German politicians celebrate the nuclear phase-out as a success, but critics question the full story.
- While emphasizing energy security without nuclear plants, concerns remain.
- Controversies surround electricity prices, environmental impacts, especially in an international context.
- The high-risk nature of nuclear power is debated, with complex long-term consequences.
Transgender influencer Dylan Mulvaney to speak at St. Louis University: Previous speakers hosted by the committee include actress and activist Jameela Jamil ...
stltoday.com/news/local/education/transgender-influencer-dylan-mulvaney-to-speak-at-st-louis-university/article_124fedda-fc02-11ee-89a4-87bab9442f3a.html
Former President Trump complained on day one of his hush money trial that Judge Juan Merchan would not let him attend his son’s graduation ... Show more
Next BoE deputy governor sees rate cuts coming into view, but can't say when
reuters.com/world/uk/next-boe-deputy-governor-sees-two-sided-risks-policy-outlook-2024-04-16/
Senate decision: 29-euro ticket coming on July 1: From July, you will be able to travel throughout Berlin for 29 euros per month.
morgenpost.de/berlin/article242113286/Senatsbeschluss-29-Euro-Ticket-kommt-zum-1-Juli.html
Donald Trump’s Truth Social Unveils Streaming Platform, Stock Tanks Anyway: Look out, Netflix. The company plans to focus on content that is otherwise being ...
thedailybeast.com/donald-trumps-truth-social-unveils-streaming-platform-stock-tanks-anyway
Paid articlePaidQuick Glance: Trump Launches Streaming Platform, Stock Plummets
- The parent company of Truth Social revealed a new plan for a streaming service featuring religious, family-friendly, and suppressed content.
- Following the announcement, Trump Media & Technology Group's stock dropped over 12 percent, now down 65 percent since late March.
- The company plans to roll out the streaming platform in three phases, emphasizing the importance of providing a platform for discriminated content.
- Despite significant losses last year, expanding offerings will be crucial for long-term survival.
Germany’s Leader, Olaf Scholz, Walks a Fine Line in China: Chancellor Olaf Scholz tried to promote German business interests while delivering warnings from ...
nytimes.com/2024/04/16/world/asia/olaf-scholz-germany-china.html
Quick Glance: Scholz Organizes Crisis Diplomacy in China
- Scholz condemns Iran's attacks on Israel and plans crisis communication with G7 partners.
- China trip focusing on economy and geopolitical role, despite dilemma in relations.
- Business delegation accompanies Scholz, de-risking in other countries, export wave heading towards Germany.
- Scholz aims to influence China regarding Ukraine conflict and Iran crisis, despite existing dependencies.
The shadow of war darkens on the global economy: Short-term performance has been surprisingly good but policymakers are walking on eggshells
ft.com/content/31158ec7-433b-4c0e-9f2e-8a13e8dd4750
How investment firms shield the ultrawealthy from the IRS - ICIJ: An ICIJ investigation examining hundreds of leaked tax forms offers a glimpse into the huge ...
icij.org/inside-icij/2024/04/how-investment-firms-shield-the-ultra-wealthy-from-the-irs/
Quick Glance: How Investment Firms Shield the Ultrawealthy from Tax Authorities
- In 2015, the U.S. Department of Treasury hired economist Owen Zidar to help government officials examine the growing use of complex company structures and trusts by the ultrawealthy. These new investment schemes, often referred to as 'large partnerships,' are pervasive in private equity funds and similar investment firms.
- Following years of budget cuts, it was evident to Owen Zidar, now a professor of economics at Princeton University, that the IRS was not effectively enforcing tax laws for the ultrarich.
- With a significant infusion of funding, the IRS is now making efforts to penetrate these opaque bastions of wealth. An investigation by ICIJ sheds light on the challenges faced by the tax authority in untangling the secretive structures of the ultrawealthy.
- Partnerships play a crucial role in U.S. tax law and have become a focal point for large fortunes, contributing to a poorly understood aspect of growing economic inequality. Despite additional funding for the IRS, addressing large partnerships remains a formidable task.
Justice Dept. to hit concert promoter Live Nation with antitrust lawsuit : Critics — including performers, politicians and competitors — have argued that Live ...
washingtonpost.com/business/2024/04/16/live-nation-antitrust-justice/
US and China defence ministers in first significant contact since 2022: Pentagon says Lloyd Austin stressed importance of freedom of navigation in call with Dong ...
ft.com/content/f52fd4de-6490-47a9-bd54-30bf6354b9c2
Introducing our first 2024 TIME100 cover star: Dua Lipa.
The pop star talked to TIME about her new album, her childhood in Kosovo ... Show more time.com/6965325/dua-lipa-interview-time100-2024/
Fed should not act urgently to cut rates unless required, Daly says: There is "no urgency" to cut U.S. interest rates, Mary Daly, the president of the San ...
reut.rs/4aBz9T9
US prosecutors push to seize apartment tied to Congolese president in luxury Trump complex - ICIJ
icij.org/investigations/pandora-papers/us-prosecutors-push-to-seize-apartment-tied-to-congolese-president-in-luxury-trump-complex/
Quick Glance: US Prosecutors Seek to Seize Congolese President's Apartment in Luxury Trump Complex
- U.S. authorities are moving to seize a $7.1 million Manhattan apartment in a corruption probe involving the Republic of Congo's first family.
- Allegations suggest embezzled state funds were used to purchase the apartment at Trump International Hotel & Tower for the daughter of the scandal-plagued president of the Central African country.
- A complex network of shell companies, ultimately owned by Sassou Nguesso, funneled millions of dollars out of Congo, with a portion allegedly used to acquire the apartment.
- The FACT Coalition advocates for stricter oversight in real estate transactions to combat illicit financial flows and supports a proposal by the Treasury Department for reporting suspicious activities in the real estate sector.
Xi Jinping says China’s exports are helping ease global inflation: Chinese president warns German Chancellor Olaf Scholz against ‘rise of protectionism’
ft.com/content/7cc89622-66a7-4b1c-9b2e-138f121a4731
A recent survey found that inflation and fewer donations are squeezing animal sanctuaries across the United States
Idaho's ban on youth gender-affirming care has families desperately scrambling for solutions
apnews.com/article/idaho-transgender-affirming-care-supreme-court-f21e62b9ef8b06ed4ecd301bc4531dfd
Quick Glance: Idaho Can Enforce Ban on Gender-Affirming Care
- The Supreme Court is allowing Idaho to enforce its ban on gender-affirming care for transgender youth while ongoing legal battles persist, overturning previous court decisions.
- A court decision enables the state of Idaho to implement a 2023 law that imposes significant penalties on physicians for providing gender-affirming care to individuals under 18 years old.
- The court's three liberal judges would have chosen to suspend the law.
- This action comes as the justices may soon deliberate on whether to address bans in Kentucky and Tennessee enforced amid legal disputes.
WATCH: Biden holds bilateral meeting with Czech prime minister: Biden aimed to highlight the efforts other nations are making to support Ukraine ...
pbs.org/newshour/politics/watch-biden-holds-bilateral-meeting-with-czech-prime-minister
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