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Archive: 2025-02-20 (394) - Page 8/8 (44)

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Caribbean leader tells EU chief: Apologise and pay reparations for slavery

The call for apologies and reparations from former colonial powers is a long-standing demand from the Caribbean Community (CARICOM) and the African Union, with the Grenadian Prime Minister Dickon Mitchell explicitly stating that compensation is owed for the historic enslavement of Africans. The issue of reparations has been gaining momentum worldwide, with CARICOM having its own reparation plan in place, which includes demands for technology transfers and investments to tackle health crises and illiteracy. The EU's response, while acknowledging the "untold suffering" inflicted by slavery, stops short of apologizing or committing to reparations.

Parched southern Greece reveals EU's giant challenge to conserve water

The region of Argolida in southern Greece is experiencing severe water scarcity, with nearly half of its drinking water lost due to leaky pipes and theft. The situation highlights the urgent need for improved water management infrastructure in Greece, which has struggled with underinvestment since the 2009-18 debt crisis. The EU's campaign to combat climate-driven water crises will require significant investment and innovative solutions to address the complex challenges facing southern Europe.

Regulatory Shift in Cryptocurrency Markets

Coinbase has urged Congress to transfer authority over the spot cryptocurrency market to the Commodity Futures Trading Commission (CFTC), a move that would significantly limit the Securities and Exchange Commission’s (SEC's) role in regulating digital assets. The proposal aims to provide better transparency, consumer protections, and reduce the risk of fraud and market manipulation. By shifting oversight to the CFTC, Coinbase seeks to align with industry views that consider cryptocurrencies as commodities rather than securities.

World’s Biggest Miners Pinched by Iron Ore’s China Problem

The world's biggest miners are reeling from the impact of a decline in iron ore demand due to China's economic struggles, with prices plummeting over 7% from last year and potentially dropping further by 2025. The prolonged property crisis in China has led to a decrease in construction demand, resulting in less need for iron ore, which is now widely thought to have peaked as a major commodity. As supply is expected to ramp up due to new projects coming online, the profit-squeezing process will shift upstream, with smaller miners likely to be worst hit by the decline.

Europe's Defense Policy Shift Underway Amid US Shift on Ukraine

The Greek Prime Minister Kyriakos Mitsotakis has urged Europe to "wake up" and build its own defense policy in response to the recent shift in US policy over Ukraine, citing a need for self-reliance in military power. The move comes after US President Donald Trump's statements denouncing Ukrainian President Volodymyr Zelenskiy as a "dictator" and suggesting that Kyiv started the war between Ukraine and Russia. This development has created tension among European leaders, who have echoed Ukraine's stance on not accepting any peace deal imposed without its consent.

US Business Environment Fears Under Trump

The Reuters survey reveals that almost nine out of 10 Japanese companies expect US President Donald Trump's policies to negatively affect their business environment, with 86% citing adverse or somewhat adverse effects. The main concerns are the trade strategy and deepening friction between the United States and China, which have led to increased tariffs on imports from both countries. The survey highlights a growing concern among Japanese companies about the implications of Trump's policies for their business operations.

Psychiatric Repression in Russia Escalates Amid Ukraine Conflict

Dozens of Russians are being subjected to compulsory psychiatric treatment for their political views, with human rights groups reporting an increase in such cases since the start of the war in Ukraine. This practice carries echoes of "punitive psychiatry," a method used by the Soviet Union to silence dissenters. The current trend is disturbing and raises concerns about the erosion of democratic reforms in Russia.

Blade GT Ultra: New version of Nothing Phone (2) lookalike comes with several upgrades

The Blade GT Ultra, a new smartphone from Doogee, is an enhanced iteration of the visually striking Blade GT, featuring a different SoC, upgraded memory, and increased internal storage. The phone retains its unique design and multisection lighting system on the back, which can display notifications. With its MediaTek Dimensity 7300 processor, up to 16 GB of RAM, and 512 GB of internal storage, the Blade GT Ultra offers improved performance and capacity compared to its non-Ultra counterpart.

Boeing Faces Backlash from Trump over Air Force One Contract

The US President Donald Trump has expressed dissatisfaction with Boeing's performance on the Air Force One contract, citing delays and excessive costs. The deal was negotiated during Trump's first term in office and was initially set for delivery in 2024. However, Boeing has since pushed back the delivery date to 2027 or 2028. This development comes as Boeing is still reeling from a difficult year, with losses totaling $11.8 billion.

Ryzen 9 9950X3D and Core Ultra 9 275HX review embargo date hints at mid-March release

The Ryzen 9 9950X3D desktop CPUs are expected to launch in mid-March, with Intel's Arrow Lake-HX laptop SKUs hitting shelves around the same time. AMD's high-end Ryzen 9 9950X3D and Core Ultra 9 275HX laptops are poised to compete against each other and Intel's offerings. The upcoming review embargo dates for these CPUs will provide insight into their performance and capabilities.

Lenovo's AI Push Fuels Revenue Growth Amid PC Slump

Lenovo Group Ltd. posted a faster-than-anticipated 20% jump in quarterly revenue thanks to demand for AI computing infrastructure, which helped offset a persistent funk clouding the global PC market. The company's server business has proven to be a bright spot, with shipments increasing by 4.8% in the final quarter of 2024. However, much hinges on the success of so-called AI PCs, which will be crucial to driving the market's recovery.

Trump expects visit from Chinese President Xi without giving timeline

Trump's statement that he expects a visit from Chinese President Xi Jinping suggests a potential easing of tensions between the two countries, following years of trade disputes and diplomatic strains. The visit is seen as crucial for a new trade deal, with Trump indicating that progress on negotiations could be imminent. However, no specific date has been given for the trip.

Trump says he is speaking to China about TikTok

The US President's comments on Air Force One suggest a potential shift in the government's stance on TikTok, after previously announcing plans to ban the app. Trump's statements also indicate a continued effort by the administration to address concerns over national security and data privacy. The development comes as TikTok's parent company ByteDance is reportedly looking for ways to resolve its issues with the US government.

US Diplomatic Mission in China to be Downsized by Up to 10%

The US diplomatic mission in China is set to undergo significant changes, with up to 130 American and local staff members potentially facing layoffs or reassignment due to a planned downsizing of the mission. The move comes as part of an effort to reduce government spending and streamline operations, following a directive from President Donald Trump's administration. The cuts are expected to affect various US embassies and consulates in mainland China and Hong Kong.

North Korea criticizes US over AUKUS nuclear submarine deal

The criticism from North Korea highlights concerns about regional tensions, with the country viewing the AUKUS partnership as a threat to peace. This stance reflects long-standing suspicions towards U.S.-led alliances in the Asia-Pacific region. The commentary also underscores North Korea's perception of itself as a nuclear state that will not be ignored.

Gold prices surge to record high, yen strengthens on geopolitical worries and tariff threats

The gold price has reached a new all-time high for the ninth time this year, driven by sustained demand from central banks and safe-haven flows. This uptrend is further fueled by ongoing tensions between the US and its allies, which have exacerbated concerns about global stability. Meanwhile, the yen has strengthened to its highest level in over two months due to a combination of rising interest rates and risk-off sentiment.

Trump says Russia 'have the cards' in peace negotiations

The BBC reported that Trump expressed trust in Moscow's desire for an end to the Ukraine war, a sentiment echoed by Russian Foreign Minister Sergey Lavrov. However, this statement is somewhat at odds with the current state of affairs on the ground, where Ukrainian forces are gaining momentum against Russian-backed separatists. Meanwhile, Western leaders remain divided on how best to address the conflict.

US ally Australia says Ukraine conflict must be resolved on Ukraine's terms

Australia has reaffirmed its commitment to supporting Ukraine in its war with Russia, emphasizing that the conflict must be resolved on Kyiv's terms. This stance underscores the country's alignment with Western allies and its opposition to Russia's aggression. The Australian government's position is also reflective of the global community's growing concern about the implications of the Ukraine-Russia conflict.

Tasmania False Killer Whales Stranded on Remote Beach

Dozens of false killer whales stranded on a remote beach in Tasmania will be euthanised due to challenging weather conditions and an isolated location. The stranding, involving over 150 endangered dolphins, highlights the complexities of responding to such incidents in remote areas. Euthanasia is often considered the most humane option for stranded marine animals in dire situations.

India's Electronics Manufacturing Booms Amid Global Giants' Shift

Dixon Technologies India, a contract manufacturer that assembles Google's Pixel smartphones, is set to more than double its revenue this fiscal year due to rapid growth in local electronics manufacturing. The company has invested heavily to cater to rising export demand for electronics and has branched out into component manufacturing. India's electronics manufacturing sector is expected to grow to 6 trillion rupees by 2027.

Trump Seeks Streamlined Minerals Deal with Ukraine

The Trump administration is exploring a simplified minerals deal with Ukraine to quickly establish a pact, allowing the US to potentially provide more military aid or facilitate peace talks between Ukraine and Russia. The move follows Ukrainian President Volodymyr Zelenskiy's rejection of a detailed US proposal that would have granted Washington 50% ownership of Ukraine's critical minerals. A revised approach aims to sidestep legal and logistical hurdles, giving the US time to negotiate details later.

Raising Hurdles for AI Safety and Ethics

Intel Corporation's price target has been raised amid discussions around the potential splitting of IFS and its partnership with TSMC. This move is seen as a response to the growing concerns about AI safety, ethics, and societal impact. As the technology continues to transform industries, it's essential to strike a balance between innovation and accountability.

Why Viking Therapeutics, Inc. (VKTX) Went Up On Wednesday?

Viking Therapeutics, Inc.'s stock price surged by 10.36 percent on Wednesday, driven by strong results from its potential weight loss asset VK2735, despite a disappointing earnings performance. The company's fourth-quarter net loss widened to $35.4 million, primarily due to increased research and development expenses. VKTX's market capitalization has risen significantly, making it one of the top performers in the list of stocks that stand strong amid a cautious market environment.

Why Applied Digital Corp (APLD) Is Skyrocketing So Far In 2025?

Applied Digital Corp (NASDAQ:APLD) has seen its stock price surge significantly in 2025, driven by a $5 billion perpetual preferred equity financing facility with Macquarie Asset Management for its High-Performance Computing (HPC) business. The company's revenue growth and improved financial performance have also contributed to the increase, with Q2 FY2025 results showing a 51% year-over-year jump in revenue. As AI companies continue to focus on HPC computing, Applied Digital Corp is well-positioned to capitalize on this trend.

US Manufacturers Fear Layoffs Amid Trump Tariffs

Most US manufacturers surveyed by the American Chamber of Commerce in Vietnam said they would be likely forced to lay off workers if the Trump administration imposed tariffs on the export-reliant Southeast Asian country. The survey, conducted from February 4-11, found that nearly two-thirds of manufacturers foresee potential layoffs. This concern is particularly relevant given the significant investments made by US multinationals in Vietnam's manufacturing sector.

Miner Pilbara Sees Lithium Demand Rallying on China Mine Restart

Pilbara Minerals' outlook for recovering lithium demand is bolstered by the expected restart of a major Chinese mine, which could alleviate supply chain concerns and drive prices upward. The firm's CEO Dale Henderson believes that the restart will be a positive catalyst for prices, as low demand has led to margin squeezes at its Australian operations. As lithium prices have fallen by over 87% since 2022, Pilbara Minerals is taking steps to adapt to changing market conditions.

Trump Says New China Trade Deal ‘Possible’ Despite Tensions

The U.S. President's optimistic outlook on a new trade deal with China raises concerns about the effectiveness of his administration's economic policies and the potential impact on global markets. Trump's willingness to engage in negotiations despite tensions between the two nations highlights the complexities of international diplomacy and the need for careful consideration of economic consequences. As trade agreements continue to shape the global economy, it is essential to evaluate their long-term effects.

Celsius Holdings, Inc. (CELH) Goes Up on Wednesday Amid Earnings Anticipation

Celsius Holdings, Inc. (NASDAQ:CELH) experienced a significant share price increase of 14.73 percent on Wednesday to close at $26.09 per share, as investors sought to reposition their portfolios ahead of the company's upcoming earnings release. Analysts expect the firm to report strong sales and earnings figures, with an estimated $325.5 million in sales and earnings per share of 15 cents. The positive sentiment surrounding CELH's earnings release has been driven by bullish analyst ratings and investor expectations.

Saudi Aramco's Acquisition of Unioil Petroleum Philippines Stake

Aramco has signed an agreement to acquire a 25% equity stake in Unioil Petroleum Philippines, expanding its retail network and capitalizing on the country's anticipated growth in high-value fuels. The acquisition represents further progress in Aramco's strategic downstream expansion and follows previous retail acquisitions in Chile and Pakistan. By investing in Unioil, Aramco aims to extend its brand and retail offerings to select stations in the Philippines.

A$AP Rocky Found Not Guilty in Assault Trial

The felony assault trial of A$AP Rocky has come to an end with a not guilty verdict, but the rapper's personal life and professional relationships have been put under intense scrutiny. Rihanna, his longtime partner, showed unwavering support throughout the trial, never flinching or showing emotion when prosecutors made negative comments about her partner. The trial also highlighted tensions within A$AP Mob, the hip-hop collective founded by Rocky and his friends in Harlem.

Trump says unfair to US if Musk builds Tesla factory in India

The statement from President Donald Trump reflects the complexities of international trade, where countries often impose tariffs to protect domestic industries. This move is a response to India's high duty on cars, which Musk has long criticized as detrimental to EV adoption. The development also highlights the ongoing tensions between the US and its trading partners over fair trade practices.

Trump 'not happy with Boeing' over Air Force One planes

The White House's latest attempt to pressure Boeing comes as the planemaker is at least three years behind schedule in delivering two new Air Force One jets, with Trump expressing frustration and hinting at possible alternative plans. The fixed-price contract, which has cost Boeing more than $2 billion, has been a source of contention for analysts since its signing in 2018. Trump's renewed engagement could signal further problems for Boeing.

GeForce RTX 5070 and RTX 5060 Availability to be Poor at Launch

The upcoming Nvidia GeForce RTX 5070 and RTX 5060 mid-range graphics cards are expected to face significant supply chain issues, with the RTX 5070 Ti potentially delayed until mid-March due to a recent earthquake in Taiwan. The shortage of VRAM on these models may lead to limited availability, with the more affordable 16 GB RTX 5060 Ti being the only viable option for budget gamers. Furthermore, performance issues with some chips have been reported, causing further delays and uncertainty.

Japex to Prioritise Oil and Gas Investment through 2030

Japex is prioritising investment in oil and gas exploration and production (E&P) through 2030, revising an earlier plan to aggressively expand its renewables businesses due to rising costs and uncertain returns. The company's president, Michiro Yamashita, stated that securing a fair return from renewable energy sources such as offshore wind is challenging. Japex aims to maintain its current ratio of E&P contributing 70%-80% of earnings through 2030.

Trump Announces Tariffs on Lumber and Forest Products

Tariffs on lumber and forest products could be implemented as early as April 2, with President Donald Trump suggesting a 25% duty on these imports. The move follows previous announcements of tariffs on imported cars, semiconductors, and pharmaceuticals, aiming to generate significant revenue for the United States. This development has left trading partners uncertain about the future of international trade.

Key NASA officials' departure casts more uncertainty over US moon program

The departure of four key senior officials from NASA's moon program has added to the uncertainty surrounding the agency's space exploration trajectory, as Elon Musk and President Donald Trump play up missions to Mars. The loss of Jim Free, a central voice defending the Artemis moon program, will be particularly felt as he was expected to shield the program from potential changes. Meanwhile, Musk's influence within NASA has been growing, with his SpaceX company holding $15 billion worth of contracts with the agency.

China Keeps Lending Rates Unchanged Amid Economic Uncertainties

China's central bank has maintained its benchmark lending rates at the February fixing, signaling a cautious approach to monetary stimulus amidst growing economic concerns. The decision reflects authorities' priorities in maintaining financial and currency stability, despite rising external headwinds driven by renewed trade tensions with the US. The unchanged rates come as Chinese banks extended 5.13 trillion yuan in new loans in January, though lending growth compared to last year remains sluggish.

DOGE contract cuts worth $8.5 billion so far, a fraction of federal outlays

The Department of Government Efficiency (DOGE) has claimed to have saved U.S. taxpayers $55 billion in federal spending since President Donald Trump took office, with the majority of these savings coming from relatively small contracts for support services such as computer systems and workforce training. The partial data release by DOGE's team has been met with skepticism, with critics questioning the accuracy of the figures and the lack of transparency surrounding the cost-cutting effort. Despite Musk's pledge of transparency, many of DOGE's actions have been shrouded in secrecy.

Trump considers returning 20% of DOGE savings to Americans

The proposal by Trump's administration to return 20% of the Department of Government Efficiency (DOGE) initiative's identified savings to Americans is a potential game-changer in the field of government efficiency and public finance. The move could be seen as an effort to demonstrate transparency and accountability in government, particularly if the funds are returned directly to taxpayers. However, critics may argue that this plan is more about politics than actual cost-cutting measures.

Russia Retakes Significant Territory in Kursk Region from Ukraine

Russian forces have successfully recaptured over 800 square kilometers of territory from Ukraine in the Kursk region, marking a significant shift in momentum. This gain represents about 64% of the total territory taken by Ukraine since the incursion began last year, indicating a turning point in Russia's efforts to regain control. The reclamation of this area suggests that Russian forces are advancing on multiple fronts and have pushed Ukraine into a defensive stance.

Grab Holdings Forecasts Annual Revenue Below Estimates Amid Tough Competition

Grab Holdings has forecast its annual revenue below analysts' estimates, as it struggles to maintain market share in a highly competitive food delivery and ride-hailing industry. The company's financial performance is under pressure due to intense competition from smaller rivals such as Foodpanda and GoTo. Grab's efforts to boost its subscriber base and drive higher usage on its app have so far yielded limited results.

Trump administration moves to end New York City's congestion pricing

The Trump administration's decision to rescind federal approval of New York City's congestion pricing program reflects a long-standing feud between the city and the White House, with implications for the city's infrastructure plans. The program, launched in January, aims to reduce traffic and raise funds for aging subway systems by charging tolls on passenger vehicles entering Manhattan south of 60th Street. Proponents argue that the program has successfully reduced commuting times and improved air quality.

Georgia's richest man said to be moving funds to avoid sanctions

The report suggests that Bidzina Ivanishvili is transferring his assets back to Georgia to avoid potential sanctions from the UK and US, citing concerns about the impact on his business empire. This move comes amid a backdrop of ongoing protests in Georgia against the government's handling of EU accession talks and allegations of Russian influence. Transparency International Georgia has previously raised questions about the tax code amendments that allowed for tax-free transfer of assets.

Investigation into Threats Against DOGE Workers Sparks Controversy

The investigation into threats against federal workers, including those associated with Elon Musk's Department of Government Efficiency (DOGE), has raised concerns about the motivations and impartiality of Interim US Attorney Ed Martin, a Trump appointee. The probe is part of "Operation Whirlwind," which aims to investigate Democratic Senator Chuck Schumer for his past comments regarding the potential consequences of their actions. This development comes amidst a broader investigation into alleged misconduct by government workers.