Fortnightly Yours. 6/24 2024

Click on the first letter to navigate to the sections

Arresting  |  Factual  |  General  |  Seminal  |  Wacky

Arresting : striking, eye-catching

Select news from Reuters and many major channels.

A1. Moscow attack is a stark reminder of lingering global threats.

A2.  Foreign firms’ losses from exiting Russia top $107 billion.

A3. Apple accused of monopolizing smartphone markets in US antitrust lawsuit.

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A1. Moscow attack is a stark reminder of lingering global threats.

A look at the responses shows how the various quarters understand, view, and interpret this grave phenomena. At this orientation a coordinated and constructive effort at eliminating fundamentalistic threats are farfetched while what is currently gripping the world in part is a bickering for territorial dominance – an age-old legacy of the mankind.

After Russia, is China the Islamic State’s next target? Japan times.

https://www.japantimes.co.jp/commentary/2024/03/28/world/islamic-state-china-next-target/

Putin’s Next Escalation Is Coming- New York times.

https://www.nytimes.com/2024/03/29/opinion/moscow-attack-putin-ukraine.html

Putin will be ruthless after the Moscow attack, but Russians don’t trust him to keep them safe – The guardian.

https://www.theguardian.com/commentisfree/2024/mar/24/vladimir-putin-moscow-attack-crocus-city-hall-russians-terrorism

Moscow attack: ‘The Russian population seems doomed to endure the Kremlin’s hunt for imaginary threats’ – Lemonte France

https://www.lemonde.fr/en/opinion/article/2024/03/28/moscow-attack-the-russian-population-seems-doomed-to-endure-the-kremlin-s-hunt-for-imaginary-threats_6662259_23.html

How will the Moscow concert hall attack affect Putin? – Al Jazeera.

https://www.aljazeera.com/opinions/2024/3/25/how-will-the-moscow-concert-hall-attack-affect-putin

Moscow attack shouldn’t be used to split mankind- Global times China.

https://www.globaltimes.cn/page/202403/1309456.shtml

US bails Ukraine out after Moscow attack, covering Zelensky with ISIS — diplomat. Tass Russia.

US bails Ukraine out after Moscow attack, covering Zelensky with ISIS — diplomat – World – TASS

A2. Foreign firms’ losses from exiting Russia top $107 billion.

The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in write-downs and lost revenue, according to a Reuters report of analysis of company filings and statements. The volume of losses have increased by one third since the last tally in August last year, underscoring the scale of the financial hit to the corporate world from Moscow’s invasion, as well as highlighting the sudden loss of Western expertise from Russia’s economy.

https://www.reuters.com/markets/europe/foreign-firms-losses-exiting-russia-top-107-billion-2024-03-28/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Daily-Briefing&utm_term=032824&user_email=af2603e1e3c5eebf288ce9c24a857f11a546d2dbf74f2b19db1bc09700f97c06

A3. Apple accused of monopolizing smartphone markets in US antitrust lawsuit.

 

The U.S. Department of Justice and 15 states on Thursday sued Apple (AAPL.O), opens new tab as the government cracks down on Big Tech, alleging the iPhone maker monopolized the smartphone market, hurt smaller rivals and drove up prices. Apple joins competitors sued by regulators, including Alphabet’s (GOOGL.O), opens new tab Google, Meta Platforms (META.O), opens new tab and Amazon.com (AMZN.O), opens new tab across the administrations of both former President Donald Trump and President Joe Biden.

Apple accused of monopolizing smartphone markets in US antitrust lawsuit | Reuters

Factual : actually occurring.

Click on the first letter to navigate to the sections

Arresting  |  Factual  |  General  |  Seminal  |  Wacky

Select articles from (Japan, NY, Indian) Times and Investopedia.

F1. How the Bank of Japan’s plan for a smooth stimulus exit unfolded – The Japan Times

F2. The World’s Unpopular Leaders.

F3. Where did Homo sapiens go after leaving Africa? New study has an answer.

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F1. How the Bank of Japan’s plan for a smooth stimulus exit unfolded – The Japan Times

 

Japan’s decision to jettison negative interest rates is rich in symbolism. Deflation, which dogged the economy for a generation, has been dispatched. Workers are finally enjoying meaningful wage increases. Policymakers are no longer required to be defensive when they explain their country’s outlook. After a few false dawns, the nation has climbed out the hole it fell into after the property industry collapsed three decades ago. You might even think this marks the end of a certain exceptionalism.

https://www.japantimes.co.jp/business/2024/03/20/economy/how-boj-decided-on-complicated-exit-path/?utm_source=pianodnu&utm_medium=email&utm_campaign=72&tpcc=dnu&pnespid=67kdw9vw46bb_6u0ug23tqvju08vvt9uggsrtxqoo0evyfbodonqp5ctbydsqyhmkhz4q_ot

What Is a Negative Interest Rate, and Why Would We Have Them? (investopedia.com)

F2. The World’s Unpopular Leaders.

 

By many measures, President Biden is very unpopular. Since at least World War II, no president has had a worse disapproval rating at this point in his term. Relative to his international peers, however, Biden looks much better. Many leaders of developed democracies have disapproval ratings even higher than Biden’s, as the following chart by my Ashley Wu shows in NYT.

https://www.nytimes.com/2024/03/28/briefing/biden-approval-ratings-world-leaders.html

https://timesofindia.indiatimes.com/india/pm-modi-most-popular-global-leader-with-78-approval-rating-morning-consult-survey/articleshow/107902214.cms

F3. Where did Homo sapiens go after leaving Africa? New study has an answer.

Our species emerged in Africa more than 300,000 years ago, with a migration out of the continent 60,000 to 70,000 years ago heralding the start of the global spread of Homo sapiens. But where did these pioneers go after leaving Africa? After years of debate, a new study offers an answer. These bands of hunter-gatherers appear to have lingered for thousands of years as a homogeneous population in a geographic hub that spanned Iran, southeast Iraq and northeast Saudi Arabia before going on to settle all of Asia and Europe starting roughly 45,000 years ago, scientists said on Monday.

https://www.reuters.com/science/where-did-homo-sapiens-go-after-leaving-africa-new-study-has-an-answer-2024-03-25/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Daily-Briefing&utm_term=032624&user_email=af2603e1e3c5eebf288ce9c24a857f11a546d2dbf74f2b19db1bc09700f97c06

https://australian.museum/learn/science/human-evolution/homo-sapiens-modern-humans/#:~:text=Homo%20sapiens%20evolved%20in%20Africa,the%20only%20surviving%20human%20species.

G1. Reddit shares end trading up 48% in market debut.

Social media platform Reddit’s (RDDT.N), opens new tab shares ended their first day of trading in New York up 48%, signaling that investor appetite for initial public offerings of promising yet loss-making companies could be returning. Reddit, which has not turned an annual profit since launching in 2005, lured investors by positioning its content as training grounds for artificial intelligence (AI) programs. Reuters reported last month that Reddit struck a data licensing deal with Google worth about $60 million a year.

https://www.reuters.com/markets/deals/reddit-set-hotly-anticipated-debut-after-pricing-ipo-top-range-2024-03-21/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Daily-Briefing&utm_term=032224&user_email=af2603e1e3c5eebf288ce9c24a857f11a546d2dbf74f2b19db1bc09700f97c06

G2. Once burnt, investors curb enthusiasm for India’s startups.

Investors, once eager to pump in billions of dollars in promising Indian tech ventures, are now going slow and cutting smaller cheques. They’ve been burnt by ignominious falls from grace – and valuations – for once-marquee young firms or market debutants of recent years such as digital payments company PayTM. Karthik Reddy, managing partner at India’s Blume Ventures, which has invested in hundreds of early-stage startups, said his firm plans to do about eight new deals this year compared with 12 last year. It will invest bigger sums in firms it is confident about instead of spreading funds across more companies.

Once burnt, investors curb enthusiasm for India’s startups | Reuters

G3. The way Americans buy and sell homes is about to get turned on its head.

An earth-shattering, multibillion-dollar antitrust ruling against the National Association of Realtors late last year led to a settlement on Friday that will loosen the powerful trade group’s stranglehold on America’s housing market. The $418 million settlement with a group of homebuyers is expected to take effect sometime around July, pending a judge’s approval. It would transform a number of rules and guidelines set by the NAR that critics say have kept housing prices artificially inflated.

https://www.cnn.com/2024/03/18/investing/nar-realtor-commissions-settlement-explained/index.html

Seminal : original ,groundbreaking

Click on the first letter to navigate to the sections

Arresting |  Factual  |  General  |  Seminal  |  Wacky

Select Articles from BBC and CBC.ca.

S1. Airlines are roaring back in places you might not expect.

S2. Mammals battle for life in new David Attenborough series.

S3. Japan’s Kaori Sakamoto first woman in 56 years to claim three-peat.

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S1. Airlines are roaring back in places you might not expect.

The rebound is well and truly under way and air travel is off to a roaring start in 2024. There have been warnings of slower growth in the US, where spending is expected to plateau after a post-pandemic spike. But it is a different story on the other side of the world in Asia.

https://www.bbc.com/news/business-68573429

S2. Mammals battle for life in new David Attenborough series.

Arctic foxes are turning to cannibalism as they struggle to find food in a warmer world. That’s one of the never-before-captured behaviours in Sir David Attenborough’s latest series – Mammals. It focuses on how these animals are adapting to a world rapidly changed by the most dominant mammal – us. We also see otters navigate the busy roads of Singapore and lemurs clinging to toothbrush trees in an attempt to keep cool in rising temperatures. ‘Mammals’ is a challenging series to watch but also shows the incredible ingenuity of the world’s most successful animals.

https://www.bbc.com/news/science-environment-68658875

S3. Japan’s Kaori Sakamoto first woman in 56 years to claim three-peat.

Kaori Sakamoto of Japan is the first women’s figure skater to three-peat as world champion since American Peggy Fleming from 1966 to 1968. Sakamoto captured gold again Friday at the Bell Centre, climbing from fourth place after Wednesday’s short program to the top of the podium with a near-flawless performance in the free program.

https://www.cbc.ca/sports/olympics/winter/figure-skating/isu-figure-skating-worlds-march-22-1.7152005

Wacky : amusing, peculiar

Click on the first letter to navigate to the sections

Arresting  |  Factual  |  General  |  Seminal  |  Wacky

Select Articles from Japan Times and Reuters.

W1. ‘N/Kosmos’ puts on a dazzling display of controlled chaos.

W2.  China on track to be ready to invade Taiwan by 2027, U.S. commander says.

W3. Cocoa rally and market tumult hoist systematic hedge funds.

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W1. ‘N/Kosmos’ puts on a dazzling display of controlled chaos.

Theater director Hiroshi Koike has spent over four decades bridging different cultures and disciplines, but for his latest production, he embraced chaos. “N/Kosmos” is based on the 1965 novel “Cosmos” by Polish author Witold Gombrowicz, a tale of spiraling obsession written in tumbling, maddeningly repetitive stream-of-conscious prose. Koike has tackled more forbidding texts in the past, including Gabriel Garcia Marquez’s sprawling “One Hundred Years of Solitude” and the ancient Indian epic “The Mahabharata.” But the pandemonium of “Cosmos” — what its narrator calls “a luxury of disorder, a splendor of chaos” — needed a special approach.

https://www.japantimes.co.jp/culture/2024/03/21/stage/nkosmos-hiroshi-koike-waclaw-zimpel/?utm_source=pianodnu&utm_medium=email&utm_campaign=72&tpcc=dnu&pnespid=ofxmw5da6qtz8pg5oax1vojj5x5nscxrlqxwg0c1uxyvtpm4minlkvaewn7x3c0hgz1tyvvv

W2. China on track to be ready to invade Taiwan by 2027, U.S. commander says.

The top U.S. military commander in the Indo-Pacific has said that Beijing is maintaining its goal of being able to invade Taiwan by 2027, testimony that came as China sent the second-largest contingent of warplanes around the democratic island in a single day this year. China is working to build up its People’s Liberation Army (PLA) “on a scale not seen” since World War II, even as the country focuses on reinvigorating a slowing economy, Indo-Pacific Command chief Adm. John Aquilino told the U.S. House Armed Services Committee in prepared testimony Wednesday.

https://www.japantimes.co.jp/news/2024/03/21/asia-pacific/politics/taiwan-china-invasion-2027/?utm_source=pianodnu&utm_medium=email&utm_campaign=72&tpcc=dnu&pnespid=qvhljylz8aqxprw5orj.s.is5hfi_sh7krvwermrsuqvroo94psdl76pk5cq8sxoulmepjsc

W3. Cocoa rally and market tumult hoist systematic hedge funds.

Record cocoa prices and markets whipped around by inflation and geopolitics helped hedge funds using systematic strategies outperform their peers in the first quarter, according to industry players and investors. A systematic hedge fund manager uses coding and algorithms to determine whether to find trades strong enough to become market trends, unlike traditional managers who decide the trade themselves.

Cocoa rally and market tumult hoist systematic hedge funds | Reuters

In Other news

About Chinese chip factories under the scanner

https://www.reuters.com/technology/us-may-soon-unveil-list-chinese-chip-factories-barred-receiving-tech-2024-03-28/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Daily-Briefing&utm_term=032924&user_email=af2603e1e3c5eebf288ce9c24a857f11a546d2dbf74f2b19db1bc09700f97c06

Argentina’s perennial currency crisis.

Milei hints at US$15-bn IMF loan to lift currency restrictions – Buenos Aires Herald

Japan opening up yet again to the for outside world?

https://www.japantimes.co.jp/news/2024/03/23/japan/society/foreign-nationals-visas-japan-record/?utm_source=pianodnu&utm_medium=email&utm_campaign=72&tpcc=dnu&pnespid=5eraki9m57lf4fdrpasiu.ik4xfhszwqigkzdxe.q06vh9lutuqpor3jyv1_gwxan68kg7xy

Yet another data breach , this time AT&T…

https://www.bbc.com/news/world-us-canada-68701958

Intel investment plans in business news.

https://www.reuters.com/technology/intel-prepares-100-bln-spending-spree-across-four-us-states-2024-03-20/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Daily-Briefing&utm_term=032024&user_email=af2603e1e3c5eebf288ce9c24a857f11a546d2dbf74f2b19db1bc09700f97c06

The conundrum of the US border crossing and immigration

Judges Sound Split on New Texas Immigration Law: Live Updates – The New York Times (nytimes.com)

Military draft bill creates rift in Israeli government.

 https://www.reuters.com/world/middle-east/military-draft-bill-creates-rift-israeli-government-2024-03-24/

https://www.bbc.com/news/world-middle-east-68684069

Moment of truth for Trumps Truth social

https://www.theguardian.com/us-news/2024/mar/26/trump-truth-social-public-new-york

Australia has the same confusion confounded when coming to student intake.

https://www.reuters.com/world/asia-pacific/australia-tightens-student-visa-rules-migration-hits-record-high-2024-03-21/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Daily-Briefing&utm_term=032124&user_email=af2603e1e3c5eebf288ce9c24a857f11a546d2dbf74f2b19db1bc09700f97c06

A new life line for Pakistan during political upheavals.

https://www.reuters.com/world/asia-pacific/pakistan-imf-conclude-final-review-11-bln-disbursement-sources-say-2024-03-20/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Daily-Briefing&utm_term=032024&user_email=af2603e1e3c5eebf288ce9c24a857f11a546d2dbf74f2b19db1bc09700f97c06

What keeps an astrophysicist awake today.

https://www.reuters.com/science/twisted-magnetic-field-observed-around-milky-ways-central-black-hole-2024-03-27/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Daily-Briefing&utm_term=032824&user_email=af2603e1e3c5eebf288ce9c24a857f11a546d2dbf74f2b19db1bc09700f97c06

A Chinese river changes the course to flourish.

https://www.reuters.com/technology/chinas-huawei-continues-rebound-with-strongest-earnings-growth-since-2019-2024-03-29/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Daily-Briefing&utm_term=032924&user_email=af2603e1e3c5eebf288ce9c24a857f11a546d2dbf74f2b19db1bc09700f97c06

Speculation that can spark a speculation.

https://www.reuters.com/markets/asia/old-xi-jinping-speech-sparks-china-monetary-easing-speculation-2024-03-29/?utm_source=Sailthru&utm_medium=Newsletter&utm_campaign=Daily-Briefing&utm_term=032924&user_email=af2603e1e3c5eebf288ce9c24a857f11a546d2dbf74f2b19db1bc09700f97c06

 

 

Thanks for reading

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