Joe Biden's Approval Rating Drops as Majority of Americans Disapprove of Israeli Action in Gaza =============== #73088d92 ver:0.1 Recent polls indicate that a majority of American voters are dissatisfied with President Joe Biden's handling of the Israeli-Palestinian conflict and his support for Israel. A New York Times/Siena College poll conducted in December 2023 revealed that 57% of Americans disapproved of Biden's approach to the conflict, while only 33% approved . A more recent poll conducted by the University of Massachusetts Amherst and YouGov in January 2024 found that just under 60% of respondents nationwide believe that President Biden is not handling the ongoing conflict between Israel and Hamas well, while only 31% approve of his policy regarding Israel . The poll also revealed that 50% of respondents view Israel's actions as genocidal, while the other 50% push back against this declaration . A new Gallu... #newstr #JoeBiden #IsraelipalestinianConflict #Israel #Gaza #ApprovalRating #Poll

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Robert F. Kennedy Jr. Selects Tech Attorney Nicole Shanahan as Vice-Presidential Running Mate for Independent Presidential Campaign =============== #acd92f19 ver:0.11 Robert F. Kennedy Jr. has chosen tech attorney Nicole Shanahan as his running mate for his independent presidential campaign. Kennedy made the announcement at a campaign event in Oakland, California, where he described Shanahan as a brilliant scientist, technologist, and fierce warrior mom. Shanahan, the ex-wife of Google co-founder Sergey Brin, brings financial resources and connections in the tech industry to the campaign. Kennedy's campaign has raised over $27 million and he is backed by 15% of registered voters, according to a recent poll . Shanahan, a Bay Area lawyer with strong connections to Silicon Valley, has previously supported Democrats and donated $25,000 in 2020 to support President Biden. Some supporters believe that Shanahan's selection could help broaden Kennedy's appeal,... #newstr #RobertFKennedyJr #NicoleShanahan #RunningMate #PresidentialCampaign #SiliconValley #TechIndustry

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Japanese Nappy Maker Shifts Focus from Babies to Adults, Reflecting Changing Demographics =============== #b2d4691e ver:0.05 In response to Japan's aging population and declining birth rate, Daio Paper, one of Japan's largest nappy manufacturers, is shifting its focus from baby diapers to adult diapers. The company plans to increase production of adult diapers and reduce production of baby diapers, aiming to capture a larger share of the growing market for adult diapers, which is expected to reach $14.5 billion by 2025. This strategic shift reflects the changing demographics in Japan and the need for products that cater to the elderly population. Daio Paper's decision aligns with the government's efforts to address the challenges posed by an aging society . The rising demand for instant noodles can be seen as a societal and economic red flag, indicating strain or brokenness in developed countries. Instant noodl... #newstr #Japan #NappyMaker #AdultDiapers #AgingPopulation #BirthRate #InstantNoodles #Inflation #ConsumerBehavior #TokyoSupermarket #Recession

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SpaceX Faces Challenges as Starlink Black Market Trade Grows Worldwide =============== #a13b7f48 ver:0.09 Indosat Ooredoo Hutchison, a mobile operator and telecommunications infrastructure provider in Indonesia, has responded to the potential competition from Amazon's Project Kuiper in the country. This comes after Amazon successfully made its satellites communicate with each other through laser communications, bringing the company closer to competing with SpaceX's Starlink . Indosat remains focused on expanding its integrated network infrastructure and providing the best digital experience for customers in Indonesia. While not explicitly mentioning Project Kuiper, Indosat is open to potential business collaborations that benefit the country. The Indonesian Ministry of Communication and Information Technology, BAKTI Kominfo, has stated that they will consider anything that is deemed beneficial... #newstr #Spacex #Starlink #BlackMarketTrade #InternetAccess #RemoteAreas #Challenges #Demand #UnauthorizedSale #Availability #OfficialSubscriptions #India #Measures #RegulatoryMeasures

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Gold Prices Steady as Traders Await US Inflation Data and Fed Comments =============== #902c012e ver:0.35 Gold prices are treading water below the $2,050 level as the U.S. Bureau of Economic Analysis (BEA) reports that the economy expanded by 3.2% in the fourth quarter of 2023, slightly lower than the expected 3.3%. Despite the weaker-than-expected GDP data, the gold market remains constrained below $2,050 an ounce. Personal consumption rose 3.0% in Q4, driving the U.S. economy. The core Personal Consumption Expenditures Price Index also rose to 2.1% in Q4, up from the initial estimate of 2.0%. Some market analysts have expressed concerns about a potential recession despite the relatively healthy state of the U.S. economy. Gold prices slid against a stronger dollar, remaining within the trading range of the past few weeks. Investors are cautious about the direction of monetary policy and th... #newstr #Gold #UsInflation #FederalReserve

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BlackRock CEO Larry Fink Calls for Reforms to Address Ballooning US Debt and Spur Economic Growth =============== #9efc32af ver:0.24 BlackRock CEO Larry Fink has expressed serious concerns about the urgency of the US public debt situation, emphasizing it as unprecedented in his experience. In his annual letter, Fink highlighted the insufficiency of relying solely on taxes and spending cuts to manage the escalating debt crisis. He warned of a potential future mirroring Japan’s economic stagnation in the late '90s and early 2000s, marked by austerity and minimal growth. Fink called for capital markets to help grow the economy through infrastructure investments, especially in the energy industry. The US debt has reached $34.602 trillion as of March 27, 2024 . Fink's warning comes as investors are becoming wary of traditional financial markets and may turn to cryptocurrencies as a decentralized solution. The rise in US deb... #newstr #UsDebt #EconomicGrowth #Blackrock #LarryFink #CapitalMarkets #EnergyInfrastructure #BitcoinEtfs

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Mexico's Increasing Alignment with China Raises Concerns for the US =============== #3c972b01 ver:0.42 Mexico is becoming increasingly aligned with China, raising concerns for the United States. American companies have invested nearly $7 billion in Nuevo Leon, Mexico, as part of the concept of nearshoring, which aims to derisk from China and reshore manufacturing. This trend began with President Trump's tariffs in 2018 and has been further facilitated by the United States-Mexico-Canada Agreement (USMCA), which allows duty-free trade between the United States and Mexico. As a result, there has been a surge in imports from Mexico, leading to Mexico's growing importance as a trading partner for the United States . However, this increasing alignment with China has raised concerns for the United States. Senators Tom Cotton and Sherrod Brown have introduced the Stop Mexico's Steel Surge Act, whi... #newstr #Mexico #China #Trade #Nearshoring #Usmca #Tariffs #Steel #Evs #DrugWar #Cartels

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HSBC Launches $1 Billion ASEAN Growth Fund and $150 Million Venture Debt Program to Support Business Expansion in Southeast Asia and Singapore =============== #f676f111 ver:0.16 HSBC has announced two initiatives to support business expansion in Southeast Asia and Singapore. The bank has launched a $1 billion ASEAN Growth Fund to enhance the capabilities of digital platform businesses in the region. The fund will provide credit facilities and digital financing solutions to support a wide range of companies, from emerging startups to more established firms and non-bank financial institutions. HSBC aims to leverage the rapid growth of the digital economies in Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, which are projected to reach $600 billion by 2030. The bank's fund is expected to play a pivotal role in this growth trajectory . In addition, HSBC has earmarked $150 million for its venture debt program in Singapore. The program aims to ... #newstr #Hsbc #AseanGrowthFund #VentureDebt #DigitalPlatformBusinesses #SoutheastAsia #Singapore

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Barclays Launches £2bn Cost-Cutting Drive After Drop in Profits, Vanquis Bank Resets Business After 2023 Loss =============== #c751eee6 ver:0.14 Barclays plans a £2bn cost-cutting drive and aims to return £10bn to shareholders over the next three years. Pre-tax profits at Barclays fell to £6.6bn in 2023, down from £7bn in 2022. Higher interest rates pushed up earnings at Barclays UK, where income rose 5% to £7.6bn. Income at the Corporate and Investment Bank (CIB) fell by 4% to £12.6bn. Barclays also spent £900m on cost-cutting in 2023. CEO C. S. Venkatakrishnan unveils Barclays' first major strategy update in a decade. Barclays will be reorganized into five new divisions. Barclays shares jump 6% at the start of trading in London. Barclays plans to return at least £10bn of capital to shareholders over the next three years through dividends and share buybacks. Barclays' bonus pool fell 3% to £1.2bn for 2023. The bank's new three-yea... #newstr #Barclays #Costcutting #ProfitDrop #VanquisBankingGroup #UkBankingSector

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Gold Prices in UAE Decline as Dollar Strength Holds Firm =============== #7e88eaf8 ver:0.36 Gold prices in the UAE declined on Wednesday as the strength of the US dollar hindered an overnight rebound. The decline in gold prices over the past two weeks was driven by dovish signals from major central banks, leading traders to favor the dollar. On March 27, the price of 24K gold dropped by AED1 per gram, falling to AED263.75 from the previous day's closing price of AED264.75. Other variants of gold also saw a decline in prices. Globally, spot gold stabilized at $2,179.98 per ounce. Traders continued to favor the dollar based on dovish signals from the Swiss National Bank and the Bank of England. Key data and comments from top officials later in the week drove flows into the dollar. Gold is expected to benefit from lower interest rates towards the end of the year. Platinum futures in... #newstr #GoldPrices #Dollar #Uae #CentralBanks #InterestRates #PlatinumFutures #SilverFutures #CopperPrices

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CMC Markets Expects Annual Operating Income to Exceed Previous Forecast =============== #b1d2cc46 ver:0.29 CME Group Inc. reported fourth-quarter net income of $814.6 million, with earnings per share of $2.24. Adjusted earnings per share were $2.37, exceeding Wall Street expectations of $2.27 per share. The company's revenue for the quarter was $1.44 billion, surpassing Street forecasts of $1.43 billion. The strong earnings were driven by interest-rate products, with the U.S. Federal Reserve's interest-rate hikes in the previous year boosting CME's average daily volume (ADV) to a record-high. Interest rate ADV surged 35.8% to 13.3 million contracts in the quarter, while total ADV rose 17% to 25.5 million contracts. Clearing and transaction fees, which make up the largest chunk of CME's revenue, jumped 20.7% to $1.18 billion. Cimpress (NASDAQ:CMPR) hit a new 52-week high during mid-day t... #newstr #CmcMarkets #OnlineTrading #FinancialMarkets #Forecast #NetOperatingIncome

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Ionomr Innovations Raises $20M in Series A-4 Financing for Hydrogen Polymer and Membrane Technologies =============== #1d75cdcf ver:0.07 Ionomr Innovations, a developer and manufacturer of polymer and membrane technologies for hydrogen applications, has closed a Series A-4 funding round with lead investors NGIF Cleantech Ventures and Pallasite Ventures, supported by Shell Ventures, Chevron Technology Ventures, Finindus, and others. The funding will allow Ionomr to scale its ion-exchange membranes and polymers for the hydrogen economy, including green hydrogen production, hydrogen fuel cells, and carbon utilization. The company's materials can make hydrogen production more efficient and cost-competitive. Ionomr Innovations is revolutionizing electrochemistry with its innovative products. This latest funding round will enable Ionomr Innovations to further develop and scale its polymer and membrane technologies for various hy... #newstr #IonomrInnovations #HydrogenPolymer #MembraneTechnologies #3m #Evoloh #Cleantech #Electrolyzer #GreenHydrogen #ClimateTech #HydrogenEconomy #SustainableAviationFuel #VirginAtlantic

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Chinese President Xi Jinping Meets with Top US Executives in Beijing to Discuss Economic Cooperation and Address Concerns =============== #dda14a4e ver:0.37 Chinese President Xi Jinping met with representatives of US businesses in Beijing's Great Hall of the People on Wednesday, March 27, 2024. The meeting, proposed by Evan Greenberg, the chief executive of U.S. insurer Chubb, aimed to address concerns about China's business environment and strengthen business ties between China and the United States . The meeting included representatives from the US business community and academia, as well as prominent figures such as Apple CEO Tim Cook, Blackstone’s Stephen Schwarzman, Qualcomm Inc.’s Cristiano Amon, FedEx Corp. CEO Raj Subramaniam, and other top executives . The CEOs extended their stay in China after receiving a last-minute invitation to meet with President Xi Jinping . The meeting provided an opportunity to discuss trade and inve... #newstr #China #Us #Business #EconomicCooperation #ForeignInvestment

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Oil prices decline further as US crude inventories rise =============== #12d86ea3 ver:0.46 Oil prices continued to slide for a second consecutive day on Wednesday, following the release of US data showing a significant increase in crude inventories. Brent crude futures for May settled down 17 cents, or 0.2%, to $85.78 a barrel, while US West Texas Intermediate (WTI) futures for May settled down 20 cents, or 0.3%, to $81.07 a barrel. The decline in prices was attributed to weaker US gasoline demand data and reports of a United Nations draft resolution calling for a ceasefire in Gaza. Gasoline inventories fell for a seventh week, down 3.3 million barrels to 230.8 million, and gasoline product supplied slipped below 9 million barrels, suggesting that gasoline markets may have been overbought. The US drafted a UN resolution calling for a ceasefire that would allow the release of 40 ... #newstr #OilPrices #UsCrudeInventories #GasolineDemand #UnDraftResolution #InterestRates #UkrainianAttacksOnRussianRefineries

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H&M Appoints Helena Saxon as New Board Member =============== #94a48a73 ver:0.04 Heineken N.V. has announced the appointment of Glenn Caton as the President of the Europe Region, succeeding Soren Hagh . Glenn Caton joins Heineken from Mondelez International, where he currently holds the position of Senior Vice President Global Commerce . Soren Hagh will be leaving Heineken on December 31, 2023, to pursue a new role . This leadership change reflects Heineken's commitment to driving growth and success in the European market. With the appointment of Glenn Caton, the company aims to continue its strong presence and expand its operations in the region . The Coca-Cola Company has also announced a new leader for its Sparkling Flavors category. Santiago Iturralde, a former executive at Unilever, will become the president of the Sparkling Flavors global category, effective ... #newstr #Heineken #Cocacola #BeerInstitute #SplashBeverageGroup #H&m

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The Economic Impact of Poor Mental Health on Workers in the UK =============== #b4f46e91 ver:0.11 Loneliness and depression have significant economic and health implications, with the global economy bearing a profound cost. U.S. Surgeon General Dr. Vivek Murthy warns that depression alone is costing the global economy around $1 trillion per year . Dr. Murthy emphasizes the link between loneliness, social isolation, and mental health problems. He highlights the importance of workplaces fostering a supportive and inclusive environment to combat loneliness and depression. According to Dr. Murthy, mental health impacts productivity, engagement, retention, and absenteeism. Therefore, supporting employees' mental health should be a priority for leaders, especially in the context of the pandemic and remote work. Dr. Murthy believes that employers have a responsibility to support mental healt... #newstr #MentalHealth #UkEconomy #Nhs

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S4 Capital Reports Decline in Sales and Earnings, Martin Sorrell Cites Challenging Year =============== #cdafb14b ver:0.05 Stocks slipped on Wednesday as disappointing earnings reports from big tech companies, known as the 'Magnificent Seven,' fell short of expectations. Cloud sales growth and demand for AI tools have slowed, possibly due to fears of a global economic slowdown. The S&P 500 index dropped 1.43% in response. The European Central Bank left interest rates unchanged at 4%, but concerns about a recession in Europe persist. In the UK, the housing market is projected to continue its decline, with prices not expected to recover until 2025. The triple lock, which ensures that the full new State Pension will rise in line with earnings, is set to take effect next April. However, the Institute for Fiscal Studies (IFS) claims that the State Pension would be 11% lower if it had grown in line with prices or ea... #newstr #S4Capital #MartinSorrell #AdvertisingIndustry #Earnings #Revenue

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EnBW Expects Decline in Core Profit for 2024 on Lower Wholesale Prices =============== #bb8457a1 ver:0.07 Stock market volatility persisted as the benchmark Nigerian Exchange Limited, NGX, All-Share Index, ASI, closed higher, gaining a modest 11 basis points, bps, Week-on-Week, WoW, at 66,464.57 points last Friday from 66,362.14 points the previous week. Investors are eagerly anticipating policy statements from the fiscal and monetary authorities as the new ministers and apex bank leadership settle down to roll out new economic plans . The second-quarter 2023 financial results are being announced, and the third-quarter 2023 reports are expected to start pouring in soon . Analysts are predicting mixed Q3'23 earnings reports due to ongoing fiscal reforms and foreign exchange challenges . The market capitalization closed at N36.510 trillion, with a year-to-date growth of 29.89%. Analysts anticipa... #newstr #Enbw #CoreProfit #WholesalePrices #Earnings #Ebitda #Dividend

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GBP/USD exchange rate firms on positive US durable goods orders data =============== #b4222ee6 ver:0.97 The GBP/USD exchange rate firmed on March 27, 2024, following the release of positive durable goods orders data from the US. Durable goods orders in the United States expanded by 1.4% in February, surpassing market expectations of a 1.1% rise and rebounding from last month's downwardly revised -6.9% figure. The Pound (GBP) remained range-bound against most of its peers due to the absence of significant macroeconomic data releases. However, grocery price inflation in the UK slowed to 4.5% in March, the lowest level since February 2022. Market participants are now awaiting the UK's finalised GDP data for the fourth quarter of 2023, which is expected to confirm that the UK economy fell into a technical recession in the second half of 2023. This may have an impact on GBP exchange rates later i... #newstr #Gbp/usd #DurableGoodsOrders #GroceryPriceInflation #GdpData #TechnicalRecession

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