Geopolitical Tensions Cool
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Lawyers deal with heightened geopolitical fears among clients
Conflict-driven risks rise up agenda at Asia-Pacific law firmsFinancial Times - World -
Canadian Inflation Expected to Show Further Cooling
Canada’s inflation report for April is likely to reinforce that conditions warrant a quarter-point interest rate cut, Royal Bank of Canada’s Nathan Janzen and Carrie Freestone say.The Wall Street Journal - World -
Can Artificial Intelligence Make the PC Cool Again?
Microsoft, HP, Dell and others unveiled a new kind of laptop tailored to work with artificial intelligence. Analysts expect Apple to do something similar.The New York Times - Tech -
Death of Iranian President adds to tensions in Middle East
Also in this newsletter: ICC seeks Israel and Hamas arrest warrants, Taiwan president’s tough task, US female executive numbers fallFinancial Times - World - Iran -
U.S.-China tensions are blocking the road for EV manufacturers
Biden administration is confident that U.S. car companies will adapt to new tariffs on Chinese-made products.MarketWatch - Business - China -
Still Without Power, Houston Residents Struggle to Stay Cool
As stifling heat settled over the city, the local electricity provider said most service would return by late Sunday. But hard-hit areas could remain dark for days longer.The New York Times - Top stories -
Counterfeit goes cool: high-end brands urged to embrace rise of #dupe
Gen Z are flaunting their knockoffs and imitations – so experts say companies should play along. High-end brands should “lean in” and embrace the #dupe subculture that feeds off recommending duplicates or cheaper alternatives to luxury products, ...The Guardian - World -
Can AI Make the PC Cool Again? Microsoft Thinks So.
Microsoft, HP, Dell and others unveiled a new kind of laptop tailored to work with artificial intelligence. Analysts expect Apple to do something similar.The New York Times - Top stories - Microsoft -
Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says
The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions."CNBC - Business -
Gold Futures Set New Record on China Debt, Rate-Cut Hopes and Geopolitical Fears
Gold futures reached a new record settlement as Chinese investors flock to safe havens, rate-cut hopes grow and geopolitical tensions mount.The Wall Street Journal - World - China -
Putin meets Xi as Russia-China ties flourish amid tension with U.S.
Xi Jinping welcomes Vladimir Putin to Beijing - talking peace in Ukraine amid a backdrop of war and growing tension with the U.S. and NATO.CBS News - Politics - China -
Microsoft Asks Some China Staff to Relocate Amid Sino-US Tensions
The group of mostly Chinese nationals work on cloud computing and machine learning, which are now flashpoints in the growing U.S.-China rivalry.Inc. - Business - China -
The quiet Japanese island paradise on the frontline of growing Taiwan-China tensions
Yonaguni is a tourist hotspot – but its location just 100km from Taiwan means residents must wrestle with the creeping militarisation of their home. In the minds of many Japanese people, Yonaguni is a sleepy paradise of crystal-clear sea and ...The Guardian - World - China -
At Trump Trial, Tensions Rise in Courtroom After Cohen Completes Testimony
Michael D. Cohen admitted stealing from the Trump Organization. The judge excoriated a defense witness. And Donald J. Trump’s entourage included a former leader of the Hells Angels.The New York Times - Top stories - Donald Trump -
The U.S. economy and inflation might be cooling off, but lower interest rates are still far away
Is the economy headed in the right direction? Wall Street investors certainly think so. They drove U.S. stocks to a record high this week. Why the optimism?MarketWatch - Business -
Microsoft Asks Hundreds of China-Based AI Staff to Consider Relocating Amid U.S.-China Tensions
The request comes as the Biden administration toughens controls on China’s access to cutting-edge American technology.The Wall Street Journal - Tech - China -
Tensions boil over as Michael Cohen, Trump attorney spar during cross-exam
NEW YORK — Former President Trump’s attorney hammered Michael Cohen on Thursday as tensions in the courtroom boiled over on the second day of intense cross-examination of prosecutors’ star witness. For hours, Todd Blanche, Trump’s lead defense ...The Hill - Politics - Donald Trump -
Kosovo shuts 6 Serb bank branches over use of the dinar currency in a move that could raise tensions
Kosovo police have closed six branches of a Serbia-licensed bank in line with the decision on the ban of the use of the Serbian dinar currency in the countryABC News - World -
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.
The Dow crossed 40000 for the first time, a milestone that appeared implausible a little more than two years ago when the Fed began raising interest rates to cool an overheated economy.The Wall Street Journal - World -
Microsoft is asking hundreds of employees in its China-based cloud-computing and AI operations to consider transferring outside the country, as it finds itself caught in the crosshairs of escalating U.S.-China tensions.
Microsoft is asking hundreds of employees in its China-based cloud-computing and AI operations to consider transferring outside the country, as it finds itself caught in the crosshairs of escalating U.S.-China tensions.The Wall Street Journal - World