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Archive: 2025-03-10 (312) - Page 4/7 (50)

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German Far-Right Challenges Attempt to Put Spending Plans to Old Parliament

The Alternative for Germany (AfD) party has submitted urgent legal motions to the constitutional court, seeking to block a planned convening of the outgoing German parliament to consider a significant half-trillion-euro spending package. The proposed changes aim to expand defense and infrastructure spending, sparking concerns about potential constitutional implications. However, the far-right party is challenging this move due to concerns over its legitimacy.

Gold Steadies as Firm Dollar Offsets Safe-Haven Demand

Gold steadied on Monday as a stronger U.S. dollar countered safe-haven demand amid trade war concerns, while investors looked to inflation data this week for clues on the Federal Reserve's next interest rate decision. Spot gold was at $2,913.09 an ounce at 0946 GMT, while U.S. gold futures firmed 0.2% to $2,920.10. The dollar index held above last week's four-month low, making gold more expensive for holders of other currencies.

Congressional Republicans Seek to Unite Around Bill to Avert Government Shutdown

The Republican-controlled U.S. Congress appears set to pass a bill to keep the government funded and avert a partial shutdown on Saturday, with hardline members signaling support for the measure despite previous opposition. The House is expected to vote on the bill this week, with Speaker Mike Johnson planning a procedural vote on Monday. Senate Democrats have expressed willingness to support the bill, which would maintain funding levels through September 30.

X Platform Outage Appears to Ease, Downdetector Shows

An outage on Elon Musk's social media platform X appeared to ease after thousands of users in the U.S. and the UK reported glitches on Monday, according to outage-tracking website Downdetector.com. The number of reports in the U.S. dropped to 403 as of 6:24 a.m. ET from more than 21,000 incidents earlier, user-submitted data on Downdetector showed. Reports in the UK also decreased significantly, with around 200 incidents reported compared to 10,800 earlier.

'Read Into It What You Like': Avengers 5 and 6 Directors Offer Blunt Response to Those Never-Ending Speculations

The directors of the upcoming Avengers movies, Joe and Anthony Russo, have hinted at the potential inclusion of characters from Marvel's Disney+ series while refraining from confirming any specific cast members. Currently, Robert Downey Jr. is the only confirmed actor, returning as Doctor Victor von Doom, a notable shift following the departure of Jonathan Majors. As anticipation builds, the Russo brothers emphasize their comprehensive approach to storytelling within the Marvel Cinematic Universe, leaving fans eager yet uncertain about which heroes will ultimately join the ensemble.

Rwanda-Backed Rebels Sweep Through Congo's East

Democratic Republic of Congo's former President Joseph Kabila has faced increasing pressure over Rwanda-backed rebels' advances in the east, prompting officials from his party to be questioned by a military prosecutor. Kabila had reached out to opposition politicians and civil society members to discuss the country's political future, amid criticism of Tshisekedi's response to M23's military campaign. The exact reason for the invitations was not clear, but President Felix Tshisekedi has recently accused Kabila of sponsoring the M23 rebels.

Don't Race Out To Buy Pine Cliff Energy Ltd. (TSE:PNE) Just Because It's Going Ex-Dividend

Pine Cliff Energy Ltd. (TSE:PNE) is about to trade ex-dividend in the next 3 days, presenting an opportunity for investors to consider the company's dividend payout and its sustainability. The upcoming dividend payment of CA$0.005 per share may be attractive to some, but it's essential to examine the underlying financial health of the business before making a decision. With a trailing yield of 7.6%, Pine Cliff Energy's dividend is heavily reliant on earnings growth.

HEDGE FLOW Hedge Funds Cut China Stocks for Fourth Week as DeepSeek Optimism Fades

Global hedge funds have reversed course, selling China equities for a fourth straight week as renewed enthusiasm for Chinese tech stocks ignited by low-cost artificial intelligence startup DeepSeek began to fade. The sell-off is attributed to decelerating trade growth and worsening deflationary pressures reflected in latest data. Hedge funds' net allocation to Chinese equities remains relatively light, ranking in the 37th percentile over the past five years.

Hedge Funds Cut China Stocks for Fourth Week as DeepSeek Optimism Fades

Global hedge funds have continued to sell China equities for a fourth straight week as renewed enthusiasm for Chinese tech stocks ignited by low-cost artificial intelligence startup DeepSeek began to fade. Hedge funds have reversed course since mid-February, cutting long positions and adding short bets, according to Goldman Sachs prime brokerage. The investment bank estimates that hedge fund positions on China remain relatively light, with net allocation ranking in the 37th percentile over the past five years.

Canada's Carney Faces Trump, Tariffs and Looming Election

Mark Carney has secured a landslide victory to lead Canada's Liberal Party and is poised to become the next prime minister, succeeding Justin Trudeau. His leadership comes at a critical time as he faces off against U.S. President Donald Trump, who poses threats of tariffs and annexation, while navigating a challenging political landscape marked by rising opposition. Carney's lack of electoral experience presents unique challenges as he attempts to unite the party and capitalize on renewed support amid pressing domestic issues.

US Says Ukraine 'Ready to Move Forward' On Ceasefire Demand

Ukraine is under US pressure to accept a quick truce to end the war with Russia, with senior US officials believing the country's leadership is "ready to move forward" with the US's demand for a ceasefire process. The Trump administration has stepped up pressure on Ukrainian President Volodymyr Zelensky to accept his demands for a rapid ceasefire with Moscow, despite doubts about Ukraine's willingness to negotiate. A meeting between US and Ukrainian officials is set to take place in Saudi Arabia, where the two sides are expected to discuss a framework for peace.

Germany's Greens May Refuse to Back Merz in Threat to Massive Debt Plans

Germany's Greens are signaling potential refusal to support Friedrich Merz's plans for a significant increase in state borrowing, with concerns rising over the approval process as negotiations progress. The proposed reforms include a special 500 billion euro infrastructure fund aimed at revitalizing the economy, but the Greens demand more climate protection measures to be integrated into the plans. As the political landscape shifts with an incoming parliament, the dynamics between Merz, the Greens, and other coalition partners could complicate the path to passing these crucial measures.

Rupee Slumps on Strong Demand to Buy Dollars at Daily Fix, Weak Yuan

The Indian rupee weakened on Monday due to strong demand to buy dollars at the daily reference rate and a decline in the Chinese yuan amid worries about its economy and global trade war. The rupee declined 0.4% to 87.26 against the U.S. dollar as of 9:45 a.m. IST, with the reference rate quoting at a 1/1.20 paisa premium. The dollar index ticked up to 103.8, recovering from a four-month low hit last week.

Seven & I in Talks with Couche-Tard over Store Sales for Merger Deal

Seven & i Holdings has initiated discussions with Alimentation Couche-Tard over a potential store sale plan that would pave the way for Couche-Tard's $47 billion takeover bid. The proposed divestiture process would involve mapping out the viability of selling off U.S. stores, with potential buyers identified and assessed. If successful, this could provide regulatory approval for Couche-Tard to complete its acquisition of Seven & i Holdings.

Why PrivadoVPN Free Is Still a Stellar Option for Streaming

PrivadoVPN Free stands out among free VPN services by offering impressive speeds, robust security, and access to popular streaming platforms, which is uncommon in this category. While it comes with limitations such as a 10GB data cap and restricted server options, its performance positions it as a top choice for casual users looking to stream without financial commitment. The service provides a reliable solution for those needing occasional VPN access, striking a balance between functionality and affordability.

AstraZeneca Reports Positive Outcomes From Trial of Imfinzi

AstraZeneca has announced promising results from the Phase III MATTERHORN trial of Imfinzi in combination with FLOT chemotherapy for patients with resectable gastric and gastroesophageal junction cancers. The trial demonstrated a statistically significant improvement in event-free survival, marking a notable achievement as the first Phase III study of an immunotherapy to reach this endpoint for these cancer types. With positive interim findings suggesting a trend towards overall survival, AstraZeneca emphasizes the potential of early-stage interventions to significantly impact patient outcomes.

Locksmiths in U.S. and Canada: 2025 Market Research

The "Locksmiths in the United States and Canada" report provides an in-depth analysis of the locksmith industry, highlighting operational structures, financial insights, and emerging trends. It serves as a valuable resource for industry professionals, equipping them with actionable information to navigate risks and capitalize on future opportunities. With features such as financial benchmarks and quarterly insights, the report aims to establish trust and expertise among its users.

Trump's Renewed Interest in Greenland Lacks Respect, Says Prime Minister

Greenland's Prime Minister Mute Egede has criticized U.S. President Donald Trump's renewed interest in acquiring the mineral-rich island, claiming it reflects a lack of respect for Greenlanders. In response to Trump's promises of prosperity and safety, Egede emphasized that Greenland deserves to be treated as an autonomous entity with the right to determine its own future. As the island approaches a general election, public sentiment shows a strong preference against U.S. annexation, with many viewing Trump's overtures as a potential threat.

Best Money Market Account Rates Today: March 10, 2025 (Earn Up to 4.51% APY)

Money market account interest rates have risen significantly, with some accounts offering returns as high as 4.51% APY, providing a compelling option for savers seeking liquidity and growth. Despite a recent downward trend following the Federal Reserve's rate cuts, many online banks and credit unions continue to offer competitive rates, making it essential for consumers to shop around for the best options. As interest rates have fluctuated in response to economic conditions, understanding the nuances of money market accounts, including fees and minimum balance requirements, remains crucial for maximizing savings.

DOGE Dividend: 4 Things You Should Do First If You Get Your $5,000 Payout

If you were lucky enough to receive a DOGE dividend payout of $5,000 from President Trump's Department of Government Efficiency (DOGE), consider prioritizing building an emergency fund to alleviate financial stress. A significant portion of Americans struggle with limited emergency funds, and the $5,000 check can help accelerate reaching this goal, especially for those who have little in savings. Applying a majority of the payout towards high-interest credit card debt can also be a wise move, as it can save you thousands of dollars in interest and accelerate achieving debt freedom.

Mortgage Rates Plummet to New Normal

Current mortgage rates have decreased slightly, but it's unlikely that they will nosedive in 2025. The 30-year fixed mortgage rate has decreased by four basis points to 6.31%, and the 15-year fixed rate is down three basis points to 5.63%. This new normal for mortgage rates seems to be above historic sub-3% lows, with a 30-year mortgage rate above 6% becoming the new benchmark.

Most AI Voice Cloning Tools Aren't Safe From Scammers

Consumer Reports assessed the most leading voice cloning tools and found that four products did not have proper safeguards in place to prevent non-consensual cloning. The technology has many positive applications, but it can also be exploited for elaborate scams and fraud. To address these concerns, Consumer Reports recommends additional protections, such as unique scripts, watermarking AI-generated audio, and prohibiting audio containing scam phrases.

Airport Strike Freezes German Air Travel on Monday

More than half a million people are facing travel disruption at German airports on Monday where a 24-hour strike has led to thousands of flight cancellations in a dispute about workers' pay. The strike, called by the Verdi union, impacts 13 airports across the country and affects passenger flights nationwide. Airport operators have been forced to cancel or postpone flights due to the strike's impact on their operations.

Canada, Ukraine Talks and Tesla’s Stock Fall

Mark Carney will succeed Justin Trudeau as Canada's prime minister after winning the race to become leader of the ruling Liberal Party - and has vowed to fight U.S. President Donald Trump's trade war. The ongoing tensions between the US and Canada over trade are escalating, with Mark Carney set to take on a more assertive role in navigating these complexities. As Carney prepares to lead his country through this challenging period, he must balance competing interests while maintaining a strong economy.

US Stock Futures Drop as Fears Mount for Economy: Markets Wrap

Wall Street stock futures dropped and Treasuries ticked higher as President Donald Trump's protectionist policies and cuts to the federal workforce dented confidence in US economic outperformance. The S&P 500 declined 1%, following the worst week for the benchmark index since September, while those on the Nasdaq 100 lost 1.1%. The decline in stocks reflects mounting unease over the potential fallout from trade tariffs and sweeping government job cuts.

Trump Says Government Shutdown Is Possible, but Expects to Avert It

Trump optimistic about passing temporary funding billRepublican support for stopgap measure boosts chances of passage.Trump urged his fellow Republicans to vote in favor of the six-month stopgap spending bill, which would fund the government at current levels until September 2025. The House is expected to vote on the measure on Tuesday, with some hardline Republicans showing signs of wavering in their opposition. Trump's support for the funding plan has encouraged many lawmakers to back the measure.

What Is DeepSeek AI? Is It Safe? Here's Everything You Need to Know

Chinese AI startup DeepSeek is rapidly gaining attention for its open-source models, particularly R1, which competes favorably with established players like OpenAI. Despite its innovative capabilities and lower pricing structure, DeepSeek is facing scrutiny over security and privacy concerns, including undisclosed data practices and potential government oversight due to its origins. The juxtaposition of its technological advancements against safety and ethical challenges raises significant questions about the future of AI in the context of national security and user privacy.

Checking How Much RAM Popular Web Browsers Use

An analysis conducted on various popular web browsers, including Chrome, Edge, and Firefox, reveals that many of them consume significant amounts of RAM, posing challenges for users with low-RAM systems. Despite its popularity, Chrome does not lead in efficiency, with alternatives like Whale and Yandex showing better performance in terms of memory usage. The findings emphasize the importance of browser choice for users operating on budget laptops with limited RAM resources.

Orion to Open New Biologics R&D Centre in Cambridge, UK

Orion Corporation is establishing a new research and development centre in Cambridge, UK in 2025 to accelerate its global growth strategy and the development of innovative medicines, focusing on biologics and large-molecule therapies. The new centre will support Orion's biologics research projects moving towards clinical phase, leveraging Europe's largest biomedical research hub and world-class scientific talent for collaboration. By reorganizing some work in Turku, Finland, Orion aims to optimize its R&D organization.

DeepSeek Represents the Next Wave in the AI Race

DeepSeek has emerged as a significant player in the ongoing AI revolution, positioning itself as an open-source chatbot that competes with established entities like OpenAI. While its efficiency and lower operational costs promise to democratize AI, concerns around data privacy and potential biases in its training data raise critical questions for users and developers alike. As the technology landscape evolves, organizations must balance the rapid adoption of AI tools with the imperative for robust data governance and ethical considerations.

Japan's Makino Milling Says It Received Buyout Offers Rivalling Nidec's

Makino Milling Machine has entered a highly competitive auction process, with multiple parties vying for control of the Japanese manufacturing giant. The company's decision to decline Nidec's initial offer and request a delay in the tender process suggests a desire to explore alternative options. As negotiations progress, it remains to be seen which bidder will ultimately succeed in acquiring Makino Milling Machine.

North Korea Fires Missiles After Slamming US-South Korea Drills

The South Korean and U.S. militaries are set to launch annual joint exercises, Freedom Shield, despite North Korea's condemnation of the drills as a "dangerous provocative act". The missile launch by North Korea on Monday is believed to be the first reported ballistic missile test since President Donald Trump took office in January. The incident highlights the ongoing tensions between the two countries over their military activities.

Syrian Defence Ministry Announces End of Operation Against Assad Loyalists

A Syrian military operation against loyalists of ousted former President Bashar al-Assad has been completed, the defence ministry said on Monday. Clashes between Assad loyalists and the country's new Islamist rulers in the former president's coastal heartland have killed more than 1,000 people, mostly civilians. The operation is part of a broader effort to restore order and consolidate security after decades of civil war.

Institutional Investors Hold Majority Stake in Smiths News Plc

Smiths News plc has a majority stake held by institutional investors who own approximately 85% of the shares, making them the most powerful group in the company. The large stake in the stock by institutions may make the company's stock price vulnerable to their trading decisions. Ownership research and analysis can provide valuable insights into opportunities in the company.

Oil Steady as Tariff Uncertainty Keeps Investors on Edge

Oil prices held steady on Monday as concern over the impact of U.S. tariff uncertainty and rising output from OPEC+ producers pressured prices while potential sanctions on Iranian oil exports provided some support. WTI and Brent benchmarks register multiple weekly declines, with Brent falling for a third consecutive week, while U.S. West Texas Intermediate crude was at $67.14, also up 10 cents. Investors view uncertainty over U.S. tariffs as negative, but possible sanctions against Iran and Russia could provide support in the short term.

Treasuries Gain as Trump Transition Talk Fuels Recession Angst

Treasuries rallied as President Donald Trump's comments on "a period of transition" for the US economy added to concern that a slowdown could be just around the corner. Benchmark 10-year yields slipped as much as 6 basis points after his remarks Sunday, which followed a volatile week for markets as investors fretted about the impact of tariffs and federal job cuts on growth. Those bonds now yield 4.25%, while the two-year security — which is most sensitive to the outlook for interest rates — pay 3.95%.

Acquiring Therapies: Sun Pharma to Acquire Checkpoint Therapeutics

Sun Pharmaceutical Industries has agreed to acquire Checkpoint Therapeutics for an aggregate upfront price of $355m, adding a US FDA-approved immunotherapy treatment to its global franchise. The acquisition is expected to provide patients with access to a new treatment option for advanced cutaneous squamous cell carcinoma. Sun Pharma will purchase all outstanding shares and obtain the therapy through its existing development pipeline.

Wall Street Starts to Rethink Lofty S&P 500 Forecasts for 2025

For two consecutive years, stock-market prognosticators lifted their outlooks for the S&P 500 Index despite an unrelenting rally, but now most are tempering their bullish calls due to concerns over slowing economic growth and President Trump's tariffs. The rising sense of uncertainty among Wall Street forecasters is showcasing a shift in their thinking as they begin to question the market's trajectory. Historically, strategists' consensus target has typically lagged the actual market's moves by about 60 days.

RTX 5060 Ti Allegedly Brings Single-Digit Increase in CUDA Core Count vs RTX 4060 Ti Alongside Higher Specs

The RTX 5060 Ti has reportedly leaked with more CUDA cores, faster GDDR 7 memory, and a higher TDP than the RTX 4060 Ti. These spec bumps could result in a meaningful performance gain over the outgoing RTX 4060 Ti. The GPU's arrival appears to be imminent, with recent leaks claiming a March unveiling.

Ford to Inject up to $4.8 Billion Into Cash-Strapped German Business

Ford will provide a significant financial lifeline to its struggling German operations, injecting up to 4.4 billion euros ($4.76 billion) in an effort to revitalize its European business. The move aims to reduce costs and increase competitiveness through strategic transformation initiatives. By recapitalizing its German arm, Ford hopes to support the transformation of its business in Europe.

Ford to Inject up to $4.8 Billion Into Cash-Strapped German Business

The U.S. automaker is providing a significant financial boost to revive its struggling European operations, aiming to increase competitiveness and reduce costs through strategic transformation initiatives. Ford-Werke's new capital injection will also help address overborrowing and provide funding for a multi-year business plan. The company seeks to simplify governance and drive efficiencies in the sector.

Saudi’s Zahid to Reopen Talks With Barloworld’s Shareholders

Zahid Group will initiate fresh negotiations with Barloworld's shareholders after an initial acquisition offer was rejected, aiming to acquire more shares than 50% to implement more efficient processes in the business. The consortium, led by Zahid, expects at least another 32% support from shareholders and is seeking to buy as many shares as possible to maintain its stake in Africa's Caterpillar equipment distributor. The company plans to conclude the standby offer within 30 trading days.

Trump Says US Talking to Four Different Groups on Sale of TikTok

The U.S. government is engaged in negotiations with multiple parties regarding the potential sale of Chinese-owned social media platform TikTok, with all interested groups considered viable options. Trump's administration has been working to determine the best course of action for the platform, which has become a focal point in national security and regulatory debates. The fate of TikTok remains uncertain, with various stakeholders weighing the pros and cons of its sale or continued operation.

Canada Will Never, Ever Be Part of America

Mark Carney's statement reflects the strong sentiments among Canadians regarding their nation's sovereignty and independence. As the newly elected prime minister, Carney has vowed to protect Canadian interests and defend its way of life against perceived threats from the US government. The current trade tensions between the two countries have been escalating under President Trump's administration.

FTSE 100 LIVE: Stocks Head Lower as Traders Ramp Up Bets on Trump Recession

The FTSE 100 (^FTSE) and European stocks moved lower on Monday morning as traders and economists remained cautious about Donald Trump's tariffs on major trading partners and slashing the size of the Federal government, which may hurt growth. The American president said that the world's largest economy faces "a period of transition", echoing words used by Treasury Secretary Scott Bessent on Friday. Bond traders are now increasing their bets on a US recession as the trade war deepens.

Grant Thornton Executive Joins AUASB

Merilyn Gwan has been appointed by the Australian Financial Reporting Council to the Auditing and Assurance Standards Board (AUASB), marking a significant move for Grant Thornton. As part of her role, Gwan will provide professional guidance and insights on Australian Auditing Standards, drawing from her extensive experience in assurance quality, regulatory interaction, and risk management. The appointment demonstrates Grant Thornton's commitment to good governance and transparency within its audit services.

China's Car Sales Rise 1.3% in First Two Months of 2025

China's car sales increased by 1.3% in the first two months of 2025 compared to the same period last year, driven by an expanded customer subsidy program that boosted auto demand amidst a competitive smart electric vehicle (EV) price war. February saw a notable rebound with a 26.1% rise in passenger vehicle sales to 1.41 million units, following a significant drop in January due to the Lunar New Year holiday. Despite the growth of EV and plug-in hybrid sales, gasoline cars continue to dominate the market for the third consecutive month.

Russia Expels Two UK Diplomats as It Negotiates to Restore US Ties

Russia has expelled two British diplomats, accusing them of espionage and providing false information to enter the country, amid deteriorating diplomatic relations with the UK and ongoing negotiations to restore ties with the US. The UK Foreign Office has dismissed these allegations as baseless, highlighting the strained atmosphere exacerbated by Britain's military support for Ukraine. This incident marks a significant moment in post-Cold War diplomacy as Western diplomats face increasing scrutiny and expulsion from Russia amidst geopolitical tensions.

Dow Jones Futures Fall Following S&P's Worst Week Since September

US stocks looked set to build on losses of over 2% for the major indexes as March's struggles looked to continue. The market's decline was fueled by trade war concerns, with ongoing tariff negotiations between the US, Mexico, and Canada dominating the headlines. Investors took the weekend to process the February jobs report and prepare for a busy week of economic data.

3 Reasons LESL Is Risky and 1 Stock to Buy Instead

Leslie's stock has plummeted by 64.2% over the past six months, largely due to declining same-store sales and an unsustainable debt load that far exceeds its cash reserves. With a concerning net-debt-to-EBITDA ratio of 10×, the company faces significant financial risks that could jeopardize its long-term viability. Despite its established presence in the pool and spa retail market, Leslie's does not currently meet the quality thresholds that cautious investors prefer.