Telegram founder and CEO Pavel DurovAOP.Press | Corbis | Getty ImagesRussia on Tuesday issued words of caution to France over its detainment of Pavel Durov, the founder and CEO of messaging app Telegram, suggesting the move may be politically motivated.On Saturday, the Paris Public Prosecutor’s Office issued a warrant for Durov’s arrest over an investigation opened on July 8 into organized crime, drug trafficking, fraud, and the distribution of pornographic images of minors on the platform.Kremlin spokesman Dmitry Peskov on a Tuesday call with journalists urged Paris to provide evidence to support its allegations against Durov, Reuters and Russian state news…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email”Every market is showing positive growth, there’s not one market that is in negative territory,” said Rajeev Menon, president of APAC at Marriott International. He gives his outlook on the travel sector in the region.03:26Wed, Aug 21 202411:53 PM EDT Source link
Wayve CEO and co-founder Alex Kendall.WayveLONDON — Uber and British artificial intelligence startup Wayve announced a partnership Thursday that will see the two firms collaborate on autonomous driving technology.As part of the deal, Uber is also investing an undisclosed amount into Wayve for a minority stake, the companies said in a statement. The investment is an extension of Wayve’s $1 billion Series C funding round announced earlier this year, which was led by Japanese tech investor SoftBank.U.S. chipmaker Nvidia and software giant Microsoft also invested in Wayve’s Series C.”Wayve is building a ‘general purpose’ driving Al that can power all…
Windows, in basketball, are a metaphor for opportunity. Finite chances for achievement. Open spaces closing fast. The passing lane on a backdoor cut. A good look at the rim off a screen. The stretch run of a season. A swing game in a playoff series. An era.Stephen Curry’s window is open, as evidenced by what he did in Paris. He widened it Thursday — signing a one-year, $62.6 million contract extension — while simultaneously underscoring the inevitability of its closing. A creative move for a player whose career is creating and exploiting windows.Curry is now under contract for three more…
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.Maremagnum | Corbis Documentary | Getty ImagesThe big storyIndia’s economic map is being redrawn.While the nation’s mega cities — or metropolises as they are known — like Bengaluru, Hyderabad, Chennai, New Delhi and Mumbai continue to grow, a subtle, yet pronounced wave of opportunity has been sweeping through its tier 2 and 3 cities.These cities — which include Chandigarh, Coimbatore, Kochi and Jaipur…
US National Security Advisor Jake Sullivan shakes hands with China’s President Xi Jinping (R) during their meeting at the Great Hall of the People in Beijing on August 29, 2024. Trevor Hunnicutt | Afp | Getty ImagesBEIJING — U.S. national security advisor Jake Sullivan said he raised concerns about the country’s focus on economic security in meetings with Chinese President Xi Jinping and other officials this week.Just as the U.S. has cited national security concerns for its own restrictions on Chinese tech imports, China has increasingly emphasized the need to protect its economic security.Foreign businesses in China have complained of vague…
American Eagle missed Wall Street’s sales targets for a second quarter in a row on Thursday, but profit grew by nearly 60% thanks in part to lower product costs. The company’s shares fell roughly 3% in early trading Thursday.Here’s how the apparel company did in its fiscal second quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:Earnings per share: 39 cents vs. 38 cents expected Revenue: $1.29 billion vs. $1.31 billion expected The company’s reported net income for the three-month period that ended Aug. 3 was $77.3 million, or 39 cents per share, compared with $48.6…
While traders were focusing on Nvidia’s results Thursday , something big was happening in the bond market. The inverted spread between the 2- and 10-year Treasury yields, considered a classic recession indicator, is nearly back to normal. In Thursday trading, the 10-year yield was less than 2 basis points below the 2-year rate , narrowing an inversion that began in June 2022. An inverted curve has been the harbinger of most every recession in the U.S. since World War II, as it indicates that traders see growth over the longer term slowing. (1 basis point equals 0.01%.) 10Y2YS 3M mountain…
The final trades of the day with CNBC’s Leslie Picker and the Fast Money traders. Source link
Morsa Images | Digitalvision | Getty ImagesRetirees who are worried about the high costs of prescription drugs are set to get new relief starting in 2025.Starting in January, Medicare drug plan enrollees will have their annual out-of-pocket drug costs capped at $2,000.Between 2025 and 2029, on average, about 1.4 million participants in Medicare drug coverage (also known as Medicare Part D) who reach the new out-of-pocket cap will see an estimated annual savings of $1,000 or more, according to a new report from AARP.More than 420,000 will see savings of more than $3,000 during that time.More from Personal Finance:When children…
