Month: March 2022
Solomon Islands prime minister says backlash to security negotiations with China ‘very insulting’
Solomon Islands Prime Minister Manasseh Sogavare speaks during a panel discussion at the Lowy Institude in Sydney on August 14, 2017. Saeed Khan | Afp | Getty Images Solomon Islands Prime Minister Manasseh Sogavare said the backlash to his country’s security negotiations with China was “very insulting,” in his first comments on a security treaty […]
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Hong Kong faces ‘tough balancing act’ as it looks to ease some border restrictions, official says
Hong Kong faces a tough balancing act as the city aims to lift some border restrictions for international travelers starting next month, according to a government official. The Chinese territory intends to ease a travel ban on flights from nine countries, including the U.S., U.K. and Australia, and allow those travelers to quarantine in a […]
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Russia’s invasion has made energy security a hot topic. The U.S. thinks hydrogen could be the answer
Ships sailing into the port of Rotterdam in February 2022. Federico Gambarini | Picture Alliance | Getty Images Concerns related to both the energy transition and energy security have been thrown into sharp relief by Russia’s invasion of Ukraine. Russia is a major supplier of oil and gas, and over the past few weeks a […]
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Was it worth it? F1 race in Saudi Arabia raises questions
An Aramco oil depot was engulfed in flames after a missile attack claimed by Yemen’s Houthis. The strike came on the eve of the F1 Grand Prix of Saudi Arabia at the Jeddah Corniche Circuit. Peter J Fox | Getty Images When a missile flew into an oil depot close to the track hosting the […]
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Eurazeo’s Adrianne Shapira says consumers are strong and have ‘shrugged off a lot’
France-based investment firm Eurazeo sees consumers spending healthily as geopolitical turmoil and inflation roil the economy, managing director Adrianne Shapira told CNBC’s Jim Cramer on Monday. “So far, the consumer is strong. I mean, we really have seen across our portfolios, strong performance. Again, we [invest in] earlier stage growth equities, so I’d say we’ve […]
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SEC charges Twilio engineers with insider trading during early days of pandemic
The Securities and Exchange Commission on Monday charged three software engineers at cloud software vendor Twilio and several of their friends and family members with involvement in an insider trading scheme. Between March and May 2020, as cloud tools were gaining use due to the surge in remote work, Twilio engineers Lokesh Lagudu, Chotu Pulagam […]
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Bill Gates and Blackrock are backing the start-up behind hydropanels that make water out of thin air
They’re like solar panels, except instead of electricity, they produce water. Source Global’s hydropanels create water out of thin air and bring it where it’s most needed. CEO Cody Friesen invented the panels in 2014 at Arizona State University’s Ira A. Fulton Schools of Engineering, where he’s on the faculty. A year later, he turned […]
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Wall Street banks pick their top semiconductor stocks as electric vehicle production soars
The auto sector is undergoing a major transformation, according to Bank of America and Cohen. Here are their top stock picks to cash in. Source
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Judge says Trump likely broke the law by trying to obstruct Congress from confirming Biden win
Ex-President Donald Trump likely broke the law by “corruptly” attempting to obstruct the certification by Congress of President Joe Biden’s Electoral College win on Jan. 6, 2021, a federal judge said in a civil court ruling Monday. Judge David Carter wrote that Trump with his ally, lawyer John Eastman, “launched a campaign to overturn a […]
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Recession fears tied to Treasury yields are overblown, Canaccord’s Tony Dwyer suggests
Wall Street may be overestimating recession risks. While investors focus on an unnerving inversion between the five-year and 30-year Treasury Note yields, Canaccord Genuity’s Tony Dwyer is concentrating on optimistic activity in another part of the bond market. According to Dwyer, the three-month versus five-year yield shows a healthier picture of the U.S. economy because […]
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