German economy grew 0.2% in Q1, stats office confirms

The Telegraph
The world must prepare for President Michelle Obama
The 2024 US Presidential race intensifies. Speculation abounds over potential replacements for President Joe Biden amid increasing pressure from his party and the media to step aside after a jaw-dropping, catastrophic debate against Donald Trump last week. Among the names circulating, a game-changer is emerging: Michelle Obama. Could this be America’s worst nightmare?
CNN Business
Chinese government bonds are on fire. That’s ringing alarm bells in Beijing
Money is rushing into Chinese government bonds, sending their prices soaring as investors hunt for a safer alternative to real estate and stocks. Beijing is worried about a bust that could bring down some banks.
Barrons.com
Nvidia Is the Fifth Most Profitable Company in the S&P 500. Here Are the 4 That Beat It.
Net income margin, which is calculated by dividing net income by revenue, shows how much money a company is making from its sales
The Smart Investor
Share Prices of These 5 Singapore Blue-Chip Stocks Are Hitting Their 52-Week Lows: Are They a Bargain?
The share prices of these five blue-chip stocks are touching a year-low. Could they be worth your attention? The post Share Prices of These 5 Singapore Blue-Chip Stocks Are Hitting Their 52-Week Lows: Are They a Bargain? appeared first on The Smart Investor.
The Telegraph
Biden ‘seriously considering’ leaving election race
Joe Biden has for the first time said that he is considering ending his presidential campaign, according to reports.
The Telegraph
Ukraine to be told it is too corrupt to join Nato
Ukraine will be told it is currently too corrupt to join Nato, in a major blow to Volodymyr Zelensky.
INSIDER
Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6% respectively.
The Smart Investor
4 Dividend-Paying Singapore Stocks That Can Help You to Better Prepare for Retirement
We highlight four dividend-paying stocks that can help you to enjoy a comfortable retirement. The post 4 Dividend-Paying Singapore Stocks That Can Help You to Better Prepare for Retirement appeared first on The Smart Investor.
The Daily Beast
Trump Caught on Video Claiming ‘Broken-Down’ Biden Has Quit: ‘It’s Kamala’
Donald Trump delivered a brutal assessment of Joe Biden’s performance against him in last week’s presidential debate, calling the president a “broken-down pile of crap” teetering on the verge of “quitting the race” in a video provided by a source to The Daily Beast.“He just quit, you know—he’s quitting the race,” Trump says, sitting in a golf cart. “I got him out of the—and that means we have Kamala.”Later in the clip, he fawns over Chinese President Xi Jinping, calling him “a fierce man, very t
CNN
A growing club led by Xi and Putin to counter the US is adding a staunchly pro-Russia member
A club of Eurasian countries spearheaded by China and Russia to advance their leaders’ vision of an alternative world order is set to expand again this week – this time adding a staunch Russian ally that has openly supported Moscow’s war on Ukraine.
The Edge Singapore
DBS buys 1 mil units in CLINT for $990,000
After the transaction, DBS now owns 0.656% of the units in the REIT.
BBC
Jeff Bezos to sell another $5bn of Amazon shares
In February, Mr Bezos announced that he would sell shares in technology giant worth around $8.5bn.
The Telegraph
Russian air strike ‘destroys five Ukrainian fighter jets’ at airbase
A Russian missile attack destroyed five warplanes at a Ukrainian airbase primed to receive F-16 fighter jets from Kyiv’s Nato allies.
Reuters
Malaysia's Najib loses legal bid to serve sentence under house arrest
KUALA LUMPUR (Reuters) -A Malaysian court dismissed jailed former Prime Minister Najib Razak's legal bid to obtain a document that he said would allow him to serve his remaining prison sentence under house arrest. In a judicial review application filed on April 1, Najib said an "addendum order" issued by the former king had accompanied a pardons board's decision in February to halve his 12-year jail sentence for graft in the multibillion-dollar 1MDB scandal. Najib had sought for the court to compel the government to reply to or confirm the existence of the royal order, which he said would entitle him to serve the remainder of his term under house arrest, and to execute the order if it existed.
INSIDER
Taiwan says it backed down from retrieving one of its fishing vessels seized by China to avoid escalation
Taiwan's Coast Guard said it rushed two patrol boats to the scene of the seizure of the Dajinman 88, but China's ships blocked them.
Reuters Videos
Japan's new banknotes spell pain for small firms
STORY: Japan is getting its first new banknotes in 20 years. The fresh designs entered circulation on Wednesday, featuring technology meant to beat counterfeiters. Some 7.5 billion of the bills will be printed this fiscal year. But they won’t be a welcome sight for many small businesses. Because Japan is a country that still loves cash, and payment by machine. It’s the usual way at places like this Tokyo noodle joint. Boss Shintaro Sekiguchi has had to upgrade the payment machines at his three branches, and he says that’s a big cost for a small business: "The unit price of a bowl of ramen is not that high, so running the shop for a day or two would hardly pay for the replacement. It’s a huge burden for me to have to upgrade the ticket machines like this.”In all, he says it’s cost him about 600,000 yen, or around $3,700, while doing nothing to boost sales. Sekiguchi says upgrading to machines that also allow card payments was even more costly, and beyond his budget. Such factors mean only around half of restaurant ticket systems are ready for the change. Japan is a land of vending machines too. It’s thought around 80% of the country’s 2.2 million drink dispensers will need an upgrade. However, most ATMs, train ticket machines and retail cash registers are ready. And some companies definitely aren’t complaining. Takemori Kawanami is an executive at Elcom, which makes ticket machines. He says it could take until the end of the year to meet all the demand.
Associated Press
US deports 116 Chinese migrants in first 'large' flight in 5 years
The Department of Homeland Security said Tuesday that it sent 116 Chinese migrants from the United States back home in the first “large charter flight” in five years. The flight, which happened over the weekend, comes as Chinese immigration has become the subject of intense political debate in the upcoming U.S. presidential election. "We will continue to enforce our immigration laws and remove individuals without a legal basis to remain in the United States,” Homeland Security Secretary Alejandro Mayorkas said in a statement.
Reuters
Fed's Powell says US on 'disinflationary path,' but more data needed before rate cuts
SINTRA, Portugal (Reuters) -The U.S. is back on a "disinflationary path," Federal Reserve Chair Jerome Powell said on Tuesday, but policymakers need more data before cutting interest rates to verify that recent weaker inflation readings provide an accurate picture of the economy. Data for May showed the Fed's preferred measure of inflation did not increase at all that month, while the 12-month rate of price increases has ebbed to 2.6%, still above the U.S. central bank's 2% target but on the way down after a scare in the first months of the year. "We just want to understand that the levels that we're seeing are a true reading on what is actually happening with underlying inflation," Powell said at a monetary policy conference in Portugal sponsored by the European Central Bank.
The Telegraph
Have the Houthis sunk a British warship? Here’s what actually happened
Yesterday afternoon the Iranian-backed militia in Yemen, the Houthis, claimed they had targeted four ships which they deemed to belong to the US/UK/Israel “trio evil”. According to the rapidly becoming famous Houthi spokesman Yahya Sare’e – the Comical Ali of the 2020s – “the British landing ship Anvil Point” was targeted and “the hit was accurate and direct. The ship was targeted by a number of cruise missiles.”
The Hill
Leaked polling memo ‘shook Democrats in their boots,’ says former Obama adviser
Former Obama adviser Dan Pfeiffer said that a leaked polling memo “shook Democrats in their boots” in a Wednesday Substack post. The polling memo from Open Labs, leaked to Puck News, showed how President Biden’s support was sliding following his panic-inducing debate performance Thursday. The Open Labs memo noted the “largest single-week drop” in Biden’s…

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German economy grew 0.2% in Q1, stats office confirms

Latest stories

The world must prepare for President Michelle Obama

Chinese government bonds are on fire. That’s ringing alarm bells in Beijing

Nvidia Is the Fifth Most Profitable Company in the S&P 500. Here Are the 4 That Beat It.

Share Prices of These 5 Singapore Blue-Chip Stocks Are Hitting Their 52-Week Lows: Are They a Bargain?

Biden ‘seriously considering’ leaving election race

Ukraine to be told it is too corrupt to join Nato

Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'

4 Dividend-Paying Singapore Stocks That Can Help You to Better Prepare for Retirement

Trump Caught on Video Claiming ‘Broken-Down’ Biden Has Quit: ‘It’s Kamala’

A growing club led by Xi and Putin to counter the US is adding a staunchly pro-Russia member

DBS buys 1 mil units in CLINT for $990,000

Jeff Bezos to sell another $5bn of Amazon shares

Russian air strike ‘destroys five Ukrainian fighter jets’ at airbase

Malaysia's Najib loses legal bid to serve sentence under house arrest

Taiwan says it backed down from retrieving one of its fishing vessels seized by China to avoid escalation

Japan's new banknotes spell pain for small firms

US deports 116 Chinese migrants in first 'large' flight in 5 years

Fed's Powell says US on 'disinflationary path,' but more data needed before rate cuts

Have the Houthis sunk a British warship? Here’s what actually happened

Leaked polling memo ‘shook Democrats in their boots,’ says former Obama adviser