Iran’s Supreme Leader Ayatollah Ali Khamenei waves before voting in the country’s presidential election, in Tehran, Iran July 5, 2024. Office Of The Iranian Supreme Le | Via ReutersIran’s powerful proxy network across the Middle East is being dealt blow after blow from Israel, which has dramatically escalated fighting with Lebanese militia group Hezbollah and on Friday killed its long-time leader, Hassan Nasrallah in a series of airstrikes on Beirut.Hezbollah is Iran’s most important strategic ally, operating as both a militant and political organization that Tehran has funded and nurtured since its inception in 1982 to become what is widely seen…
Author: usaeverydaylife
China’s President Xi Jinping speaks during an awards ceremony at the Great Hall of the People in Beijing on Sept. 29, 2024, ahead of China’s National Day.Adek Berry | Afp | Getty ImagesBEIJING — Chinese President Xi Jinping said Monday that no challenges can stop the country from moving forward and reiterated Beijing’s reunification aims with Taiwan.He was speaking at a reception commemorating the 75th anniversary of the People’s Republic of China, which was founded on Oct.1, 1949.”The path ahead will definitely see challenges,” Xi said, before calling on the country to overcome uncertainties and risks. “No challenges can stop…
U.S. crude oil prices are on pace for a third monthly loss in a row in September as rising supplies from OPEC+ and weak demand in China haunt the market.The U.S. benchmark has declined more than 7% for the month, while global benchmark Brent has fallen about 9%.”Oil markets are experiencing a panic attack,” Amarpreet Singh, energy analyst at Barclays, told clients in a Friday note. “Balances are set to loosen next year, but concerns are likely overdone.”Barclays expects Brent to average $85 in 2025.Here are Monday’s energy prices:West Texas Intermediate November contract: $68.23, up 5 cents, or 0.07%. Year to…
Shoppers at the Alexanderplatz in Berlin, Germany, on Wednesday, Sept. 25, 2024.Krisztian Bocsi | Bloomberg | Getty ImagesThe harmonized German consumer price index eased to 1.8% in September, coming in lower than expected, preliminary data from the country’s statistics office Destatis showed on Monday.The September harmonized CPI figure had been forecast to come in at 1.9% according to a Reuters poll. In August, the harmonized CPI had surprisingly eased to 2%.On a monthly basis, the preliminary harmonized CPI dipped by 0.1%. A Reuters poll showed that the monthly reading was expected to be unchanged.The German harmonized CPI figure was last under…
Check out the companies making headlines before the bell. Nio – U.S.-listed shares surged more than 13% after the Chinese electric vehicle maker announced it will receive a cash injection of 13.3 billion yuan for its Nio China. “Strategic investors” will provide 3.3 billion yuan of that injection, with the rest coming from Nio Inc. The transactions, which are expected to be completed by the end of this year, will reduce Nio Inc.’s stake in Nio China to 88.3%, down from 92.1%. Stellantis – Shares plunged more than 13% after the automaker trimmed its full-year outlook, citing a deteriorating “global…
Shipping containers stacked at a storage yard outside of the APM Terminals yard at the Port of Mobile in Mobile, Alabama, US, on Saturday, Sept. 28, 2024.Micah Green | Bloomberg | Getty ImagesWith a potential strike at ports up and down the East Coast and along the Gulf Coast set to begin after midnight Monday, logistics executives tell CNBC the remaining hours are critical in moving out as much trade as possible before a shutdown that will do serious damage to the functioning of the U.S. economy.Based on data from ImportGenius, which tracks the Bills of Lading — the digital…
Rupert Murdoch at his annual party at Spencer House, St James’ Place in London. Picture date: Thursday June 22, 2023.Victoria Jones | Pa Images | Getty ImagesLONDON — Rupert Murdoch’s Australian property firm REA Group said Monday it would no longer seek to buy the U.K.’s Rightmove after the property portal rejected a fourth offer proposal.REA said it maintains a “disciplined approach” to mergers and acquisitions and that it’s bid for Rightmove was dependent on coming to an agreement at a “fair price.””We were disappointed with the limited engagement from Rightmove that impeded our ability to make a firm offer within…
Rupert Murdoch looks on as he walks on the day of the hearing on the contentious matter of succession of Rupert Murdoch’s global television and publishing empire, in Reno, Nevada, U.S. September 23, 2024. Fred Greaves | ReutersBritish real estate portal Rightmove rejected a sweetened $8.29 billion takeover bid from Rupert Murdoch’s Australian property listing firm REA Group on Monday, saying the fourth bid still undervalued the company.Rightmove said its board, after taking into consideration the views of shareholders and considering representations from REA’s chair and management team, had concluded that the proposal put forward on Friday remained “unattractive”.Declining a request…
AT&T said on Monday it would sell its 70% stake in satellite TV service DirecTV to private equity firm TPG for $7.6 billion, exiting a business marked by declining distributions for the telecom operator.AT&T in 2021 signed a joint-venture agreement with TPG, which contributed about $1.8 billion in cash in exchange for a 30% stake in DirecTV that was valued at about $16 billion at the time.The telecom company had agreed not to sell its stake in DirecTV for a three-year period, which expired on July 31.The stake sale would allow AT&T to focus on its core wireless and fiber…
Britain’s economy grew more slowly than previously thought in the second quarter but there were also some signs of improvement in household finances ahead of next month’s annual budget.Economic output expanded by 0.5% in the April-to-June period, the Office for National Statistics said on Monday.The reading was slightly weaker than a preliminary estimate for a 0.6% growth in gross domestic product and was below economists’ forecasts for another 0.6% rise.”The UK’s GDP grew by slightly less than originally estimated in the second quarter of this year, but overall the UK economic outlook has improved considerably since the start of the…
