The flag of the United States Agency for International Development (USAID) outside its headquarters in Washington, D.C., on Feb. 5, 2025.Mandel Ngan | AFP | Getty ImagesThe largest U.S. government workers’ union and an association of foreign service workers sued the Trump administration on Thursday in an effort to reverse its aggressive dismantling of the U.S. Agency for International Development.The lawsuit, filed in Washington, D.C. federal court by the American Federation of Government Employees and the American Foreign Service Association, seeks an order blocking what it says are “unconstitutional and illegal actions” that have created a “global humanitarian crisis.”Those actions include President Donald Trump’s order on January 20, the day he was inaugurated,…
Author: usaeverydaylife
NewJeans attends the SBS Music Awards in Incheon, South Korea on Dec 25, 2024.The Chosunilbo Jns | Imazins | Getty ImagesSouth Korean girl group NewJeans announced today that it will be performing in March under its new name NJZ, amid an ongoing legal dispute with the managing label Ador.Speaking to CNBC on “Squawk Box Asia,” the group said it will be performing at the ComplexCon Hong Kong festival set for March 21 to 23, with the event adding NJZ as a co-headliner.The five-member band will unveil a new song on the last day of the event, and members will also…
An employee counts Indian currency notes at a cash counter inside a bank in Kolkata.Rupak De Chowdhuri | ReutersInvestors searching for “quality alpha” in Asia over the next six to nine months should look to India and Japan given the uncertainty in China, according to Lincoln Pan, partner and co-head of private equity at the Asia-focused alternative investment firm PAG.”I think there needs to be more discussion, particularly in this part of the world, about India, and an understanding of what’s happening in that marketplace,” Pan told CNBC’s Emily Tan at a “Delivering Alpha” event in Hong Kong last month.”The strongest thing supporting…
Heavy snow in Tallinn, EstoniaKarl Hendon | Moment | Getty ImagesThe Baltic countries of Lithuania, Latvia, and Estonia are bracing themselves for possible sabotage and cyberattacks this weekend as they complete their long-awaited decoupling from Russia’s power grid.The Baltic states are due to fully disconnect from the Moscow-controlled “BRELL” energy network on Saturday, before completing their connection to the European electricity system on Sunday.The move is seen as a crucial way to strengthen their electricity systems, ensure energy independence and security, and to dismantle the remnants of the post-Soviet era that have tethered the Baltic states to Russia.Gert Auväärt, head…
A small plane contracted by the Pentagon crashed in the southern Philippines on Thursday, killing all four people aboard, including a member of the U.S. military, officials said.The plane, a Beechcraft King Air 300, crashed in the municipality of Ampatuan in Maguindanao del Sur Province on the southern island of Mindanao, the Philippine authorities said on Friday. It was on its way from Cebu Province to Cotabato City, the capital of a Muslim autonomous region on Mindanao.The incident occurred during a “routine mission in support of U.S.-Philippine security cooperation activities,” U.S. Indo-Pacific Command said in a statement on Friday.“The aircraft…
Sanjay Malhotra, governor of the Reserve Bank of India (RBI), during a news conference in Mumbai, India, on Wednesday, Dec. 11, 2024. India’s newly-appointed central bank governor Malhotra said he will look to uphold stability and continuity in policy in his role. Photographer: Dhiraj Singh/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesThe Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy.The Monetary Policy Committee decided to trim the repo rate by 25 basis points to 6.25%, RBI Governor Sanjay…
Charitable giving from foundations and family offices in Singapore is funding educational, healthcare and poverty projects in the region and beyond.Roslan Rahman | Afp | Getty ImagesA presence of more Bentleys and Porsches on the roads is just one sign of the number of wealthy individuals, and their private investment companies, that have come to Singapore from around the world.Schools, charities and social enterprises are also flourishing, fueled by generous donations from these affluent newcomers.Their presence can be seen on many fronts. The Low Tuck Kwong Foundation, named after the billionaire founder of Indonesia’s Bayan Resources, topped the list of…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Steve Liesman joins ‘Fast Money’ to with reporting that several economic data sets were not available on census.gov.02:50Thu, Feb 6 20255:30 PM EST Source link
DeepSeek has rattled the U.S.-led AI ecosystem with its latest model, shaving hundreds of billions in chip leader Nvidia’s market cap. While the sector leaders grapple with the fallout, smaller AI companies see an opportunity to scale with the Chinese startup.Several AI-related firms told CNBC that DeepSeek’s emergence is a “massive” opportunity for them, rather than a threat. “Developers are very keen to replace OpenAI’s expensive and closed models with open source models like DeepSeek R1…” said Andrew Feldman, CEO of artificial intelligence chip startup Cerebras Systems.The company competes with Nvidia’s graphic processing units and offers cloud-based services through its own computing…
An Amazon warehouse and distribution centre in an industrial park in Montreal, Quebec, Canada, on Thursday, Sept. 1, 2022. Graham Hughes | Bloomberg | Getty ImagesAmazon’s online advertising business logged $17.29 billion in the fourth quarter, up 18% from a year ago. Analysts polled by StreetAccount were expecting Amazon to report ad revenue of $17.4 billion.The online retail giant revealed its latest advertising sales results Thursday as part of its fourth-quarter earnings. The company said fourth-quarter sales were $187.79 billion, which was ahead of analysts’ estimates of $187.3 billion. But the company’s shares fell on disappointing guidance for the current quarter.Amazon’s…
