LONDON/SYDNEY – Stocks and oil gained on Tuesday on hopes that public unrest in China might prompt an earlier loosening of COVID-19 curbs in the world’s biggest economy, with the yuan up and the dollar down as investor appetite for riskier assets grew. The Euro STOXX 600 gained 0.4 percent, recovering from its worst session in almost two weeks a day earlier. Shares in London were up 0.8 percentand markets in Paris and Frankfurt gained around 0.2-0.3 percent. Hopes of faster easing of China’s strict restrictions rose after an official said they will continue to fine-tune policy to reduce the impact of its “Zero COVID” on society. Simmering discontent with Beijing’s stringent COVID prevention policies three years into the pandemic ignited over the weekend into broader protests in Chinese cities thousands of miles apart. “China is the dominant story in markets at the moment, and the pattern of risk assets that we have seen overnight is what we would expect with better news” said … [Read more...] about Stocks and oil rise on hopes of looser COVID curbs in China
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Share to Twitter Share to Linkedin What would be an ideal career for a handsome soccer star after retirement? A celebrity sports commentator, a luxury fashion ambassador, maybe an actor—although he could have chosen any of these, Hidetoshi Nakata decided to take a very different path: revitalizing the Japanese traditional sake industry. He was a midfielder in the Italian Serie A and the English Premier League for eight seasons in total and played for Japan in three World Cup tournaments. (Also, he has been known for being into fashion and has attended runway shows regularly.) After the 2006 World Cup in Germany, Nakata retired from playing soccer in the global arena. “Since I was born, living a life meant doing what I loved. I fell in love with soccer at a very young age and I was lucky to be able to pursue my passion to the fullest up to my retirement,” he says. When he left soccer behind him at 28, he had to find a new purpose. Pondering his … [Read more...] about ‘Living Means Doing What I Love.’ Former Soccer Star Found His New Career Far Away From Sports
Share to Twitter Share to Linkedin Dr. John C.C. Fan, Founder and Chairman of Kopin Corporation . Much of the world is stumped on the idea of the “metaverse dream,” where our real world would merge seamlessly with a virtual 3-D world. This would be an entirely new type of wireless wearable platform—a quantum jump from our current handheld or desktop 2-D computing world. Such a metaverse platform could generate profound new experiences and applications—as well as trillions of dollars in revenue. But before we can attain that dream, there are still questions we've yet to answer: What happened to the metaverse? Are we actually headed in the right direction? Is the metaverse hype over-exaggerated? With all these unanswered questions, the one thing that nobody is talking about is how the idea of the metaverse has been around for years. In fact, it can be argued it started 30 years ago, and this idea of the physical and digital worlds colliding is … [Read more...] about What Happened To The Metaverse Dream?
Share to Twitter Share to Linkedin My first impression of the notion of Broadcom acquiring VMWare was negative. I was most familiar with Broadcom’s acquisitions in the semiconductor space. The company had, and still has, a shrewd reputation for transforming its semi acquisitions and turning them into money-printing machines. Semi transformations require taking significant actions on product roadmaps and resources like laying off people. I’ll add that even in Broadcom’s software history, many questioned certain of the actions related to CA and Symantec transformations. So, it would be natural for people to question this acquisition. I have read the many scribes from Broadcom CEO Hock Tan circumnavigating the globe talking to the VMware ecosystem, but after personally talking with Tan and chatting with a few VMware partners and customers, I am wondering, is it time we start giving the acquisition a chance? With most acquisitions, neither the … [Read more...] about Is It Time To Start Giving Broadcom’s Pending Acquisition Of VMware A Chance?
These thirty creatives are changing the way we see the world—one stitch, NFT, portrait, TikTok and manicure at a time. By Isabel Lord with additional reporting by Cassell Ferere and Allyson Portee H ailey Bieber knows a thing or two about face value: A classically trained ballet dancer, she signed a modeling deal with French Connection when she was 17 and went on to ink endorsements with Jimmy Choo, Levi’s and Saint Laurent. Over the years, the influencer—and wife of Justin—grew a 60 million-strong social media following, largely thanks to her personal style and a trend-setting beauty routine that made her skin look like a “ glazed donut .” In 2022, she decided to cash in. She launched Rhode, a skincare line that taps into the dewy look she became known for with products like a $29 peptide glazing fluid, which has grown a 700,000-name waitlist since it launched in June. For Bieber, 26, the transition from model to mogul was liberating: “I've lent my … [Read more...] about From Hailey Bieber To Meg Thee Stallion’s Nail Artist: Meet The Forbes 30 Under 30 2023 In Art And Style
Share to Twitter Share to Linkedin It wasn’t all that long ago when the Dodgers’ Cody Bellinger and Brewers’ Christian Yelich duked it out for the NL MVP award. Yelich had the trophy in 2018 and was having an even better year in 2019 when his fractured kneecap gave the young Dodger the opening he needed to prevent a repeat. Those award-winning campaigns were massive - Yelich went .326-.402-.598 (164 Baseball Reference OPS+) in 2018, and Bellinger .305-.406-.629 (167) the following season. Plus, both were quite young (Yelich was 27, Bellinger 23 in their MVP campaigns) and appeared poised to be at the top of the charts for the foreseeable future. It hasn’t quite worked out that way, and now Bellinger is on the free agent market searching for a new employer while Yelich has gone from a bargain Brewer to a borderline albatross contract situation. Let’s peel a couple of layers back on both players and attempt to determine whether they can recover their peak … [Read more...] about Can Cody Bellinger And Christian Yelich Get Their Respective Grooves Back?
These low-carbon visionaries have big plans — for laser furnaces, atomic batteries, smart windows and flywheels. By Chris Helman , Olivia Peluso and Hank Tucker W hen Ben Parker worked as a battery engineer at Tesla for four years, he spent countless nights in casino hotels in Reno, Nevada going through “production hell” on the gigafactory Model 3 line. Then the Covid-19 pandemic hit and he needed a break and a breath of fresh air. So Parker left Tesla and rented a 30-foot Winnebago RV for three months. On the subsequent 6,000-mile road trip around the western United States, he befriended many other RV enthusiasts, and realized the electric vehicle movement had been ignoring a large segment of drivers on America’s highways. This was more than a whim. Parker had for several years been dreaming of building an EV-optimized aerodynamic travel trailer. In 2020 he met Toby Kraus, who predated him at Tesla in its finance division, and together they founded … [Read more...] about Meet The Under 30s Powering The Future Of Energy And Sustainability
- A + A (Nov 29): Royal Bank of Canada agreed to buy HSBC Holdings Plc’s Canadian unit — the country’s seventh-largest bank —for C$13.5 billion (US$10 billion) in cash, expanding its roster of business clients and bulking up its retail presence on the West Coast as HSBC focuses on Asia. The purchase gives Royal Bank, already Canada’s largest bank by assets, about 130 more branches, including about 45 in the West Coast province of British Columbia. The Toronto-based company also gains a significant commercial-banking franchise, with many of the clients in industries that trade and bank internationally. “HSBC Canada offers the opportunity to add a complementary business and client base in the market we know best and where we can deliver strong returns and client value,” Royal Bank Chief Executive Officer Dave McKay said in a statement on Tuesday. “This also positions us as the bank of choice for commercial clients with international needs, newcomers to Canada and … [Read more...] about RBC to expand Canada dominance with US$10 bil HSBC deal
Share to Twitter Share to Linkedin For years now, economists have debated whether the Bank of Japan’s ultraloose policies were a loser, figuratively speaking. Now we have proof of the literal losses from Governor Haruhiko Kuroda’s team. As of the end of September, the BOJ was at least $6.3 billion in the red on its massive stockpile of Japanese government bonds. This is the first time in the Kuroda era that began in March 2013 that the BOJ announced a loss on assets it’s been hoarding. That, not surprisingly, has investors wondering the extent to which the BOJ’s stock purchases, via exchange-traded funds, might be under water, too. Yet this is a logical moment to take stock of where Kuroda succeeded and failed in his charge to end deflation and revive Japan’s animal spirits. The grade isn’t great. It’s complicated, of course. And it’s worth noting that Kuroda, whose term ends in April, was true to his word that he’s doing what he could to put the … [Read more...] about Bank Of Japan’s $5 Trillion Bet Is Going Awry In A Hurry
Share to Twitter Share to Linkedin When it comes to the attributes that are needed to succeed in the business world, we tend to focus on traits like critical thinking, resilience or problem-solving abilities — but often at the expense of another key attribute: honesty. Unfortunately, many in the business world have long ago determined that honesty doesn’t pay , even though the reality is quite the opposite. Honesty (or a lack thereof) can define everything about an organization, including its long-term prospects for success. In reality, honesty does pay — and cutting corners is never worth it. Why Honesty Is Essential In the Business World A policy of honesty ultimately sets the tone for your entire business. It can help define your company culture, including how you interact with employees and partners. As Sampson Quain writes for Chron Small Business, prioritizing honesty in your business culture will have a trickle-down effect on … [Read more...] about The Role Of Honesty In Success (And Why Cutting Corners Is A Bad Idea)