Author: News Room

Jimmy Lai was the chief of the now-defunct Hong Kong tabloid Apple Daily.Now 77, he’s facing a life sentence in a national security trial in Hong Kong.He was arrested in August 2020 after the intense anti-China government protests of 2019.Jimmy Lai, once one of Hong Kong’s most outspoken media tycoons, has been silent for more than four years since his arrest in 2020.But on Wednesday, Lai was seen in a Hong Kong courtroom, where he spoke in his own defense in a national security trial that could well end in him being sent to prison for life.Lai was charged under…

Lauren Sánchez, 54, says she never expected to have so much to look forward to in life after turning 50.”When I was 20, I thought, ‘Oh my gosh, life is over at 50,'” she said on the “Today” show.Apart from her wedding to Jeff Bezos, Sánchez also has a space flight to look forward to.These days, Lauren Sánchez, 54, thinks that growing older is a gift.During a “Today” show interview on Wednesday, Sánchez told hosts Hoda Kotb and Savannah Guthrie that she never thought she would have so much to look forward to at this point in her life.”I never…

(Reuters) – Federal Reserve Bank of New York President John Williams sees inflation cooling and interest rates falling further, he told Barron’s in an interview published on Thursday. Two percent is the inflation rate that can best balance the central bank’s employment and price stability goals, Williams told Barron’s.

By Fanny Potkin (Reuters) – China’s Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first quarter of 2025, even as it struggles to make enough chips due to U.S. restrictions, said two people familiar with the matter. The telecoms conglomerate has sent samples of the Ascend 910C – its newest chip, meant to rival those made by U.S. AI chipmaker Nvidia (NASDAQ:) – to some technology firms and started taking orders, the sources told Reuters. Huawei is at the heart of U.S.-China friction over trade and security. Washington has imposed a series of curbs on…

By Lisa Baertlein LOS ANGELES (Reuters) – Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe. Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come, and whether supplies will be cheap and abundant enough to keep their fleets in motion. Decarbonizing shipping is important to global efforts to fight climate change because it accounts…

EUR/GBP may depreciate as a recent UK inflation report has strengthened the BoE’s caution regarding rate cuts. ECB member Yannis Stournaras remarked that the Eurozone is nearing a sustainable attainment of its 2% inflation target. The Euro may face challenges as traders expect the ECB to deliver a 25 basis point rate cut in December. EUR/GBP appreciates after two days of losses, trading around 0.8340 during the Asian hours on Thursday. However, the upside of the EUR/GBP cross could be limited as Wednesday’s stronger-than-anticipated UK inflation report has bolstered the Bank of England’s (BoE) cautious approach toward future interest rate…

While the Swiss National Bank (SNB) is steamrolling with its experiments on a central bank digital currency (CBDC), the latest reports indicate that the banking regulator will adopt a cautious approach in rolling out SNB Bills. In an economic note, the central bank stated that rolling out digital SNB Bills to be settled in wholesale CBDCs has indicated early promise for participants. However, the paper notes that including the process in monetary policy may open a whole new can of worms for the SNB and other financial institutions in the country. The study involving digital SNB Bills forms part of…

Ray Dalio said Trump’s approach to governance was tried by hard-right states in the 1930s.The billionaire said he isn’t labeling Trump or his government as fascist.But he said a “government renovation” and an “America First” policy were similar to the operational styles of those regimes.Billionaire investor Ray Dalio said studying hard-right countries from the 1930s can shed light on how President-Elect Donald Trump would reshape the US government under the banner of efficiency.Dalio, who often publishes personal remarks on the global economy, wrote a LinkedIn commentary on Wednesday with his predictions for a second Trump administration.”It is now clear that…

The DOJ asked the judge in its antitrust case against Google to force the company to sell Chrome.Chrome is a key distribution method for Search, which provides crucial data for Google’s ads.A breakup would be a blow to Google and likely create opportunities for competitors.A possible breakup of Google just became slightly more likely.The Justice Department on Wednesday asked the judge in its antitrust case against Google to force the company to sell its Chrome browser.That follows Judge Mehta’s ruling in August that Google maintains an illegal monopoly in search and advertising markets. Google will get to suggest its own…

(Reuters) -Shares of Adani Group companies lost about $22 billion in market value in early trade on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme. Gautam Adani’s flagship company Adani Enterprises (NS:) fell 10%, while Adani Ports, Adani Total (EPA:) Gas, Adani Green, Adani Power (NS:), Adani Wilmar (NS:) and Adani Energy Solutions, ACC (NS:), Ambuja Cements (NS:) and NDTV fell between 8% and 20%. Adani group’s 10 listed stocks had a total market capitalisation of about $147 billion at 0411 GMT, compared to $169.08 billion on Tuesday. U.S. authorities said…