Morning Bid: Gloomy enough?
Synopsis by Reuters Nov 25 22
A look at the day ahead in U.S. and global markets from Mike Dolan.Read full article 
Reuters: Morning Bid: Gloomy enough?
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| Last Updated | Nov 25 22 |
| Total Articles | 3 |
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BREAKING: The United States effectively stopped the United Nations from recognizing a Palestinian state by casting a veto in the Security Council to deny the ...
reut.rs/3U2pduU
Quick Glance: US Blocks UN Resolution for Palestinian Full Membership
- In the Security Council, 12 countries voted for a UN resolution recommending full Palestinian membership, with the US opposing and two countries abstaining.
- The US argued that Palestinian membership should result from negotiations between Israel and Palestinians to enable a two-state solution.
- The Palestinian delegation emphasized that UN membership is a crucial step for peace in the region and criticized the Israeli government for its rejection.
- Israel rejected the resolution and warned of its potential impact on future dialogues, especially in light of the recent escalation of violence in Gaza.
Fossils of colossal snake Vasuki unearthed in India mine: Fossil vertebrae unearthed in a lignite mine are the remains of one of the largest snakes that ever ...
reuters.com/science/fossils-colossal-snake-vasuki-unearthed-india-mine-2024-04-18/
Sydney church stabbing: Australian bishop forgives alleged attacker: Bishop Mar Mari Emmanuel also appealed for the community to stay calm after the alleged ...
bbc.com/news/world-australia-68814813
Chinese spies target Dutch industries to strengthen military, intelligence agency says
reuters.com/world/china/chinese-spies-target-dutch-industries-strengthen-military-intelligence-agency-2024-04-18/
Philippines says decision to strengthen ties with Japan, US a 'sovereign choice': The Philippines' decision to ramp up ties with Japan and the United States is a ...
reuters.com/world/philippines-says-decision-strengthen-ties-with-japan-us-sovereign-choice-2024-04-18/
Scary: Dongfeng M-Hero 1 electric car in the driving report: The electric car from Dongfeng appears less heroic than frightening. The 3.9-ton truck with 142 kWh ...
heise.de/tests/Elektro-Gelaendeauto-Dongfeng-M-Hero-1-mit-142-kWh-im-Fahrbericht-9683400.html
After stalling for months, Ukraine aid heads to vote in House of Representatives: Despite right-wing outcries, Speaker Mike Johnson is pressing to pass billions ...
bbc.com/news/world-us-canada-68840405
Margin Call Cited for Mysterious 99% Crash in China Cement Maker: China Tianrui Group Cement Co. said a sudden drop in its stock last week triggered a margin ...
bloomberg.com/news/articles/2024-04-18/margin-call-cited-for-mystery-stock-crash-in-china-cement-maker
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Scotland to ditch key climate change target: The Scottish government is to scrap its flagship target of reducing greenhouse gas emissions by 75% by 2030.
bbc.com/news/uk-scotland-68841141
IMF chief says productivity, Chinese consumer spending key to boosting global growth
reuters.com/markets/imf-chief-says-productivity-chinese-consumer-spending-key-boosting-global-growth-2024-04-18/
From footballer to Buddhist monk: Swedish ex-player’s incredible transformation detailed on his Instagram page
scmp.com/sport/football/article/3259457/footballer-buddhist-monk-swedish-ex-players-incredible-transformation-detailed-his-instagram-page
China foreign ministry welcomes Blinken's visit to China as tensions simmer: China's foreign ministry on Thursday welcomed U.S. Secretary of State Antony ...
reut.rs/442k5LQ
Schindler reaffirms 2024 sales target, but warns of weakness in China: Lift and escalator maker Schindler reiterated its full-year revenue guidance for low ...
reuters.com/business/schindler-posts-q1-order-intake-slightly-above-expectations-2024-04-18/
Huawei unveils new phone lineup to ramp up the pressure on Apple: Huawei Technologies Co released its latest series of smartphones on April 18 ...
thestar.com.my/tech/tech-news/2024/04/18/huawei-unveils-new-phone-lineup-to-ramp-up-the-pressure-on-apple
Woman in Brazil wheels corpse into bank to take out loan in dead man’s name: A woman brought a 68-year-old man in a wheelchair into a bank branch and tried to ...
scmp.com/news/world/americas/article/3259462/woman-brazil-wheels-corpse-bank-take-out-loan-dead-mans-name
Paid articlePaid
Australia increases defence spending by $32bn in response to China build-up: Labor government commits to spending rises to pay for Aukus and long-range missile ...
ft.com/content/a5ba1e78-92e7-4cd5-9bad-327e4358b1b4
Chinese scientists increase F-22 fighter jet’s radar signature 60,000 times with new detection method: study
scmp.com/news/china/science/article/3259428/chinese-scientists-increase-f-22-fighter-jets-radar-signature-60000-times-new-detection-method-study
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.
US trade chief calls for 'decisive' action to shield EV sector from China: The U.S. must take "decisive" action to protect electric vehicles (EVs) from ...
reuters.com/business/autos-transportation/ustr-tai-calls-decisive-action-shield-ev-sector-china-2024-04-17/
‘Rye Lane’ Star David Jonsson Penning Debut Drama Series ‘Hype’: David Jonsson, star of 'Industry' and 'Rye Lane', is writing drama series ...
deadline.com/2024/04/david-jonsson-writing-drama-series-hype-clerkenwell-films-1235885688/
Huawei releases revamped, renamed Pura 70 flagship smartphone: TAIPEI -- Huawei Technologies began selling its latest premium smartphones in China on Thursday -- ...
asia.nikkei.com/Business/Technology/Huawei-releases-revamped-renamed-Pura-70-flagship-smartphone
Paid articlePaid China steelmakers show overcapacity strain as U.S. battens import hatches: HONG KONG -- Chinese steelmakers are being weighed down by overcapacity and are ...
asia.nikkei.com/Business/Materials/China-steelmakers-show-overcapacity-strain-as-U.S.-battens-import-hatches
US navy flies aircraft through the Taiwan Strait a day after US-China defense chiefs hold rare talks
apnews.com/article/us-china-taiwan-strait-flight-ea835c8b35b63a50b5354a5dc9280116
L’Oreal Bounces Back as Europe, North America Offset Weak China: L’Oreal SA reported better-than-expected first-quarter sales as strength in Europe and North ...
bloomberg.com/news/articles/2024-04-18/l-oreal-bounces-back-as-europe-north-america-offset-weak-china
Solomon Islands election puts China’s Pacific influence in spotlight: Incumbent Manasseh Sogavare’s development and security pact with Beijing has stoked western ...
ft.com/content/4367905e-d580-4174-a31e-26e72dcd4080
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
US-Japan-Philippines trilateral gives Manila a fighting chance: In an unprecedented move with big regional implications, US President Joe Biden hosted a ...
asiatimes.com/2024/04/us-japan-philippines-trilateral-gives-manila-a-fighting-chance/
ASML Q1 bookings miss forecast, but China sales hold up: ASML , the largest supplier of equipment to computer chip makers, reported weaker than expected ...
reuters.com/technology/asml-reports-q1-earnings-13-billion-worse-than-expected-new-bookings-2024-04-17/
Ricciardo says new RB F1 chassis brings "peace of mind": Daniel Ricciardo says his new RB chassis for the Chinese Grand Prix brings "peace of mind" and ...
motorsport.com/f1/news/ricciardo-says-new-rb-f1-chassis-brings-peace-of-mind/10599977/
China's federation promises action after half marathon debacle: The Chinese Athletics Association (CAA) has vowed to strengthen the supervision of its ...
reuters.com/sports/athletics/chinas-federation-promises-action-after-half-marathon-debacle-2024-04-17/
Quick Glance: Investigation Launched After Beijing Half Marathon Finish
- Following the finish of the Beijing Half Marathon, the results are now under scrutiny due to the peculiar behavior displayed by three runners from Kenya and Ethiopia.
- A Chinese runner overtook the others, as seen in a recorded livestream of the Beijing Half Marathon. The remaining three runners - Willy Mnangat and Robert Keter from Kenya, and Dejene Hailu from Ethiopia - followed closely behind, with He claiming the first place.
- The organizers of the half-marathon are currently examining the results after a video of the finish circulated online, prompting many to question the intention of the three African runners to slow down.
- The winner secured the first place with a time of 1 hour 3 minutes 44 seconds. Mnangat, Keter, and Hailu shared the second place, one second later.
Argentina Central Bank Chief Among Top Officials Headed to China: Argentina’s top government officials are preparing to visit China in the next few weeks as ...
trib.al/qZsYRFn
China expels teacher for pushing for students to use Tibetan language: Authorities interrogated him several times before suspending his teaching license.
rfa.org/english/news/tibet/teacher-expelled-04172024160617.html
Humble China street vendor makes sacrifices to support academically gifted daughters who gain PhD and master’s degree
scmp.com/news/people-culture/trending-china/article/3256292/humble-china-street-vendor-makes-sacrifices-support-academically-gifted-daughters-who-gain-phd-and
China's Baidu Unveils New AI Tools for Chatbot Creation: China's Baidu has unveiled new AI tools allowing people with no coding knowledge to create ...
techtimes.com/articles/303725/20240418/china-baidu-unveils-new-ai-tools-chatbot-creation.htm
Tokyo Electron expected to see profit rebound on AI demand: TOKYO -- Japanese manufacturers of chipmaking equipment such as Tokyo Electron are attracting analyst ...
asia.nikkei.com/Business/Tech/Semiconductors/Tokyo-Electron-expected-to-see-profit-rebound-on-AI-demand
Paid articlePaid Blinken to China to fuss about support for Russia: Antony Blinken will visit Beijing in the coming weeks, raising concerns about China’s overcapacity ...
asiatimes.com/2024/04/blinken-to-china-to-fuss-about-support-for-russia/
Biden’s polite Trumpism on China: Communication matters precisely because the structural problem between the pair is probably insoluble
ft.com/content/da53d88b-1630-4b59-a2c6-11a848fb8d05
US, China defence chiefs hold first talks in nearly 18 months: WASHINGTON: US Defense Secretary Lloyd Austin spoke with his Chinese counterpart Dong Jun via ...
channelnewsasia.com/world/us-china-defence-chiefs-first-talks-18-months-south-china-sea-taiwan-4269751
VW to roll out new architecture with Xpeng to cut China EV costs: Volkswagen said on Wednesday it has developed a new architecture for intelligent and electric ...
timeslive.co.za/motoring/news/2024-04-17-vw-to-roll-out-new-architecture-with-xpeng-to-cut-china-ev-costs/
Malaysia is unfazed by China, U.S. semiconductor competition, minister says: Malaysia appears to be benefitting from U.S.-China trade tensions ...
cnbc.com/2024/04/18/malaysia-is-unfazed-by-china-us-chip-competition-minister-says.html
China picks its lowest-scoring officers to command nuclear submarines : Submarines are one of China's foremost weapons, but the officers who lead them are chosen ...
businessinsider.com/china-picks-its-lowest-scoring-officers-to-command-nuclear-submarines-2024-4
Report: China is exporting digital control methods: As it exports internet infrastructure, China is expanding its authoritarian model of the web, report says.
rfa.org/english/news/china/internet-repression-exports-04172024133621.html
Blinken to raise China’s support for Russia’s defense industrial base during visit
english.alarabiya.net/News/world/2024/04/16/blinken-to-raise-china-s-support-for-russia-s-defense-industrial-base-during-visit
Attractive China pig farm worker, 26, becomes internet sensation after quitting office job to work with animals
scmp.com/news/people-culture/trending-china/article/3256584/attractive-china-pig-farm-worker-26-becomes-internet-sensation-after-quitting-office-job-work
Countering China’s rare earth dominance and coercion: In December, the People’s Republic of China announced a retaliatory restriction of rare-earth element ...
asiatimes.com/2024/04/countering-chinas-rare-earth-dominance-and-coercion/
North Korea expands surveillance with Chinese cameras : To monitor its population even more closely North Korea is placing surveillance cameras in schools and ...
wionews.com/world/north-korea-expands-surveillance-with-chinese-cameras-712163
Whooping cough: what it is, who’s most at risk, how to prevent it and why it’s nicknamed the 100-day cough
scmp.com/lifestyle/health-wellness/article/3259297/whooping-cough-what-it-whos-most-risk-how-prevent-it-and-why-its-nicknamed-100-day-cough
Up to 35 air freight flights a day :Warning call from Austria: Temu, Shein & Co. threaten domestic trade
kleinezeitung.at/wirtschaft/18378610/warnruf-aus-oesterreich-temu-shein-and-co-bedrohen-heimischen-handel
China strategy: Why don't we give China a piece of our mind, Michael Müller?: Olaf Scholz is in China on a state visit. He was actually supposed to have some ...
spiegel.de/ausland/deutsche-china-politik-warum-sagen-wir-china-nicht-die-meinung-michael-mueller-podcast-a-5ac1c688-542e-46a8-be7c-077f55aced4e
The Oscars of Archaeology: China unveils its top 10 discoveries of 2023: Every industry has that one annual event that stands apart as the premier award ceremony ...
scmp.com/news/people-culture/trending-china/article/3259349/oscars-archaeology-china-unveils-its-top-10-discoveries-2023
Dispute escalates into flames: balloon sellers engage in crazy firefight: In China, two balloon sellers are attacking each other, the reason is probably their ...
n-tv.de/mediathek/videos/panorama/Ballonverkaeufer-liefern-sich-irren-Feuer-Kampf-article24879987.html
From zero to 303.313km in under a year: how Hong Kong entrepreneur Vriko Kwok went Further than she had ever been
scmp.com/sport/outdoor/health-fitness/article/3259210/zero-303313km-under-year-how-hong-kong-entrepreneur-vriko-kwok-went-further-then-she-had-ever-been
Herders on front line of India’s Himalayan dispute with China say they’re losing grazing land – and a way of life
cnn.com/2024/04/16/china/ladakh-india-china-border-intl-hnk/
NIKKEI Film: The power of fully driverless taxis in China : ...
asia.nikkei.com/Business/Automobiles/NIKKEI-Film-The-power-of-fully-driverless-taxis-in-China
Paid articlePaid Frustrated China mother has meltdown while helping son with homework, wants to kick someone, hits wall and breaks toe
scmp.com/news/people-culture/trending-china/article/3257786/frustrated-china-mother-has-meltdown-while-helping-son-homework-wants-kick-someone-hits-wall-and
Prabowo’s Pivot: China-Indonesia Relations After the Election: Prabowo’s recent visit to Beijing hints at a potential recalibration of his stance on China policy ...
thediplomat.com/2024/04/prabowos-pivot-china-indonesia-relations-after-the-election/
MPs back smoking ban for those born after 2009: The measures, championed by PM Rishi Sunak, pass despite opposition by several leading Conservative figures.
bbc.com/news/uk-politics-68824493
Quick Glance: UK Lawmakers Support Groundbreaking 'Smoke-Free Generation' Bill
- The British government's plan for a landmark smoking ban to prevent young people from ever smoking passed its first hurdle in Parliament despite opposition from within Prime Minister Rishi Sunak's Conservative Party.
- The bill, announced by Sunak, would make it illegal to sell tobacco products to anyone born after January 1, 2009, creating one of the toughest anti-smoking measures in the world to establish the 'first smoke-free generation' in modern Britain.
- The bill also includes measures to crack down on youth vaping, such as banning the sale of cheap disposable vapes and restricting their flavors to prevent children from becoming addicted to nicotine.
- The number of people who smoke in the U.K. has declined by two-thirds since the 1970s, but approximately 6.4 million people in the country still smoke, accounting for about 13% of the population. Smoking remains the number one preventable cause of death, disability, and poor health.
Italy's Turin orders outdoor smokers to keep their distance: The northern Italian city of Turin has banned outdoor smoking unless other people are at least five ...
reut.rs/4azuzEJ
Iranians on edge as leaders say 'Tel Aviv is our battleground': The authorities defend attacking Israel, but not all Iranians see it that way.
bbc.com/news/world-middle-east-68823348
What You See in the Dark by Rudy Gobert | The Players’ Tribune: This is the real Rudy Gobert: “I don’t think you’ll understand me unless you understand a bit of ...
theplayerstribune.com/posts/rudy-gobert-nba-basketball-minnesota-timberwolves
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.
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
China: Internet amused by 'sanitary pad' building design: The blueprint of North Nanjing train station has attracted reaction for all the wrong reasons.
bbc.com/news/articles/c136n018jkeo
Hannah Gutierrez-Reed: Rust armourer sentenced to 18 months for Halyna Hutchins' death
bbc.com/news/entertainment-arts-68819796
Quick Glance: 'Rust' Armorer Sentenced to 18 Months in Fatal Shooting
- Former 'Rust' movie armorer, Hannah Gutierrez-Reed, was sentenced to 18 months in prison by the New Mexico District Court Judge.
- The incident that shocked the film industry is believed to mark the first instance in recent history of a member of a film crew or cast being fatally injured by a live round mistakenly loaded into a firearm.
- Baldwin's trial is scheduled for July 10 following his indictment for involuntary manslaughter in January.
- Initially, Hutchins' death led to a halt in the use of real firearms and blank ammunition by US film and television productions, but many have resumed usage due to the authenticity they provide.
Scholz and Xi continue to rely on cooperation: The Chancellor is currently in China and has called for closer cooperation between the two countries ...
tagesschau.de/ausland/asien/scholz-china-116.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.
Philippines says it won't give US access to more local military bases: The Philippine president says his administration has no plan to give the U.S ...
apnews.com/article/philippines-us-military-china-marcos-a89fc14bdef820b83d4a18adb557b487
Quick Glance: Philippines Rejects US Access to More Military Bases
- President Ferdinand Marcos Jr. allowed US access to four more Philippine military bases, bringing the total to nine.
- The Biden administration is strengthening alliances in the region to counter China, aligning with Philippine efforts to enhance external defense.
- Marcos emphasizes that the presence of US troops is in response to China's aggressive actions in the South China Sea.
- China accuses the Philippines of providing the US with bases that could undermine its security.
How ‘Fallout’ Star Walton Goggins Found the Humanity in The Ghoul: Walton Goggins tells TheWrap about his intense makeup and philosophical take on his character ...
thewrap.com/fallout-ghoul-explained-walton-goggins-interview/
Taiwan: meetings with Xi are a clever strategy - of stalling: Taipei is buying itself some much-needed time at the high-level meeting with the People's Republic ...
nzz.ch/meinung/ewiger-frieden-um-taiwan-das-treffen-mit-xi-ist-auch-hinhaltestrategie-ld.1826531
China's new home prices decline at fastest pace since 2015
reuters.com/world/china/chinas-new-home-prices-decline-fastest-pace-since-2015-2024-04-16/
First contact since 2022: US Defense Secretary Austin on the phone with Chinese counterpart
spiegel.de/ausland/usa-lloyd-austin-verteidigungsminister-telefoniert-mit-chinesischem-amtskollegen-a-4b1003c7-19e9-49e2-b5cd-85f6989263f5
'Iran is in for the long haul' with oil tanker hijacks, expert says, as U.S. considers more sanctions
cnbc.com/2024/04/16/iran-is-in-for-the-long-haul-with-oil-tanker-hijacks-expert-says.html
Quick Glance: Oil Prices Could Witness a 'Super Spike Well Above $100' Post Iran's Strike on Israel
- Market analysts predicted that oil prices could surge to $100 per barrel and beyond after Iran conducted an aerial attack on Israel, reigniting concerns of a regional war.
- Iran carried out an aerial attack on Israel on Saturday night, launching over 300 drones and missiles, marking the first direct military attack by Iran on the Jewish state.
- Insufficient investment renders the supply more fragile, raising the likelihood of a 'super spike well above $100' if the supply is disrupted.
- Recent months have seen oil prices rise due to trade disruptions and delays caused by maritime attacks in the Red Sea by the Houthis, who express solidarity with the Palestinian people.
Biden’s options for retaliating against Iran risk antagonizing China: The administration faces challenges enacting new economic penalties that are not purely ...
washingtonpost.com/business/2024/04/16/sanctions-iran-biden-china/
Quick Glance: Iran's Oil Exports Thrive Amid Rising Tensions
- Iran is exporting more oil than in the past six years, providing the economy with a $35 billion annual boost, as western countries consider tightening sanctions in response to the attack on Israel.
- The US and the EU are preparing new sanctions on the Islamic republic to deter conflict escalation with Israel, facing challenges due to Iran's successful circumvention of sanctions, especially with China being its primary customer.
- Iran has found ways to bypass sanctions, shielded from western pressure as its main oil exports go to China. Tensions have escalated since the Hamas attack on Israel, driving oil prices up by over 15%, while US efforts to sanction individual tankers carrying Iranian oil have had minimal impact so far.
- Mounting Republican pressure urges the Biden administration to take tougher action on Iran's oil sales, with criticism over perceived leniency on existing measures. Despite US strategic oil reserves being released to stabilize prices, concerns remain over the administration's stance on enforcing sanctions similar to the previous Trump administration.
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