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Food aid interventions can curb climate change-induced hardship. But should they do more?
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Jayne Moore Waldrop’s playlist for her story collection “Drowned Town”
"Drowned Town is about the ebb-and-flow of water, rivers, lives, time, and stories. My playlist reflects that back and forth in eras, genres, and moods."
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Russia's economy is heading toward a fate worse than recession, pro-Kremlin economists say
Russia is facing the mounting risk of stagflation, a think tank tied to the Kremlin said. The nation's high interest rates will trigger an economic a downturn while inflation remains high, TsMAKP said. Tight monetary policy is costing Russian business profitability and risks spurring…
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Household Debt, Delinquencies, Collections, Foreclosures, and Bankruptcies: Our Drunken Sailors and their Debts in Q3 2024
As a growing population financed more costly purchases, total debt rose. But income rose even faster in recent quarters. By Wolf Richter for WOLF STREET. Total household debt outstanding ticked up by $71 billion in Q3, or by 0.57%, from Q2, to $17.9 trillion, according to the Household Debt and…
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The vote that might end EU anti-deforestation law
In this episode, host Giada Santana and agrifood reporter Sofia Sánchez Manzanaro outline supporters and detractors of EUDR and possible scenarios ahead of the vote.
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Trump will amplify American exceptionalism and divergence from Europe
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How the West’s Russian energy sanctions are failing and what can be done about it?
The West’s failure at phasing out Russian oil and gas sales has helped Russia's economy rebound, write Martin Vladimirov, Isaac Levi and Sergiy Makogon.
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NYT 'Connections' November 14: Answers and Clues for Game #522
We may very well be winding down the working week ahead of the weekend, but that does not mean that we take a break from Connections. The daily word puzzle has proved a huge hit since The New York Times released it in June 2023. Newsweek is here not only to help you play the game, but also to give…
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Polymarket ‘whale’ raked in $85M on Trump win — millions more than previously reported
The French “whale” who bet millions on a Trump win raked in about $85 million in profits – more than $50 million more than previously reported, according to a report. The anonymous bettor, who goes by Théo, was previously believed to operate four separate accounts on Polymarket, the online betting…
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Food aid interventions can curb climate change-induced hardship. But should they do more?
The United States foreign food aid program can be a big help when extreme weather fueled by climate change hammers communities
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Argentina wants regional trade pact with Japan: official
TOKYO -- Argentina would support an economic partnership agreement between the South American trade bloc Mercosur and Japan, an official at the Economy Ministry said, touting the South American country as an investment destination for energy and other industries. "Japan is one of the biggest…
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Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion
Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion NEW YORK (AP) — European food delivery giant Just Eat Takeaway.com is selling Grubhub for $650 million, a fraction of the billions it spent to buy the U.S. platform just three years ago. Wonder…
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Russia downs two drones over Kursk, Belgorod regions
Russian air defense systems shot down two Ukrainian unmanned aerial vehicles (UAVs) overnight on Thursday, TASS reported, citing the country's defense ministry. "One Ukrainian unmanned aeria...
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TSMC confirms 'unexploded ordnance' removed from wafer fab construction site
TSMC confirms 'unexploded ordnance' removed from wafer fab construction site Probably a relic of a Japanese WWII naval site TSMC has confirmed that workers were evacuated from one of its construction sites in Taiwan after discovery of an unexploded bomb. "Regarding the suspected unexploded…
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France furious as Azerbaijan leader accuses it of colonial ‘crimes’ at COP29
President Ilham Aliyev, who is hosting the COP29 UN climate talks, drew loud applause from delegates of some Pacific island nations after a combative speech targeting France's handling of its overseas territories.
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My Conversation with the excellent Neal Stephenson
Here is the audio, video, and transcript. Here is part of the episode summary: In Neal’s second appearance, Tyler asks him why he sometimes shifts from envisioning the future to illustrating the past, the rise of history autodidacts, the implications of leaked secrets from the atomic age to…
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S&D to block Fitto and Várhelyi, blaming Weber’s actions
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The ASP of high-end AI chips from Nvidia and others is ~5x more than that of conventional memory chips, resulting in a winner-takes-all trend in the chip sector
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Siemens Q4 revenue up by 1% to €20.8 billion
Siemens AG announced on Thursday that its revenue in the fourth quarter of the fiscal year 2024 increased by 1% to €20.8 billion. The company's net income rose 11% year-over-year to €2....
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Meloni silent as Mattarella slams Musk’s ‘intervention’ in Italian affairs
Italian Prime Minister Giorgia Meloni has kept quiet on Elon Musk’s recent comments criticising Italian judges for again blocking Meloni’s migrant transfer policy with Albania, while President Sergio Mattarella responded to the billionaire, calling for respecting Italy’s sovereignty. Commenting on…
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Spanish politicians clash over Teresa Ribera’s EU nomination
The Spanish government of Prime Minister Pedro Sanchez (S&D) on Wednesday called the opposition Partido Popular's (EPP) boycott of Teresa Ribera, Ursula von der Leyen’s Spanish commissioner pick, “shameful” and “anti-patriotic”. Ribera (PSOE/S&D), Spain's current minister for ecological…
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Asia-Pacific markets mixed after U.S. inflation report reinforces Fed rate cut expectations
Asia-Pacific markets traded mixed on Thursday after the U.S. October consumer price index reading reinforced expectations that the Fed would cuts rates again in December. The CPI came in line with expectations, accelerating slightly to an annual inflation rate of 2.6%. Core CPI, which straps out…
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Borissov begins coalition talks with pro-Russian party BSP and populists ITN
Boyko Borissov, leader of the election-winning GERB (EPP) party, has opened negotiations with the pro-Russian Bulgarian Socialist Party (BSP) and the populists of There is Such a People (ITN) over a possible Bulgarian government. GERB won early parliamentary elections in October in one of the EU's…
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Britain's motor finance industry is in crisis – with banks bracing for billions in payouts
Britain's motor finance industry is in disarray, with analysts warning of worst-case scenarios similar in magnitude to the country's costliest consumer banking scandal. The burgeoning crisis stems back to a landmark judgement from the U.K.'s Court of Appeal in late October, when the court ruled it…
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ASML says its revenue to grow to 44 billion-60 billion euros by 2030
Computer chip equipment maker ASML said on Thursday it expects its sales to grow to between 44 billion euros and 60 billion ($46.4 billion-$63.3 billion) by 2030, suggesting an average annual increase of 8%-14%, driven by strong demand for its most advanced tools. The guidance came in a statement…
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ASML targets €60 billion revenue with AI, EUV growth
ASML Holding NV stated on Thursday that it predicts annual revenue of €44 to €60 billion by 2030, with gross margins between 56% and 60%.The Dutch semiconductor equipment leader emphasized in a report...
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Apple hit with £3 billion claim over iCloud pricing and packaging practices
Consumer champion Which? not amused by fruit-based giant's alleged preference for its own cloud storage service UK consumer group Which? has filed a £3 billion action against Apple over alleged competition law breaches related to its iCloud service.…
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France's Thales sees revenue and profit growth after cyber expansion
By Sudip Kar-Gupta PARIS (Reuters) - Defence and technology firm Thales unveiled new four-year targets on Thursday, predicting more than 25 billion euros ($26.34 billion) of revenues by 2028 as it reaps a decade of cyber investments. Europe's largest defence technology supplier, which has…
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Sources: the UK Treasury is planning to introduce legislation on stablecoins and staking; the FCA says it plans to publish a crypto regulatory roadmap “shortly”
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Here's what the U.S.' enemies — and allies — might see from Marco Rubio as secretary of state
Sen. Marco Rubio's nomination as secretary of state will see him become the world's most important diplomat.
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Researchers detail RoboPAIR, an algorithm that is designed to induce robots, relying on LLMs for their inputs, to ignore models' safeguards without exception
AI chatbots such as ChatGPT and other applications powered by large language models (LLMs) have exploded in popularity, leading a number of companies to explore LLM-driven robots. However, a new study now reveals an automated way to hack into such machines with 100 percent success. By…
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Kuwait Is Said to Weigh Replacing MD of $1 Trillion Wealth Fund
In This Article: (Bloomberg) -- Kuwaiti officials are considering changes atop the country’s $1 trillion wealth fund, including potentially replacing its managing director, according to people familiar with the matter. Most Read from Bloomberg As part of the moves being discussed, Ghanem…
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Crypto market capitalisation hits record $3.2 trillion, CoinGecko says
The value of the cryptocurrency market has topped $3 trillion and is in uncharted territory as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset class. The sum market value of cryptocurrencies touched…
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Foxconn's Q3 net profit up by 14% to $1.5 billion
Foxconn Precision Industry Co. Ltd. announced on Thursday that its net profit in the third quarter of the fiscal year 2024 observed an annual rise of about 14% to reach 46.09 billion New Taiwan dollar...
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Foxconn's Q3 revenue up by 14% to $1.5 billion
Foxconn Precision Industry Co. Ltd. announced on Thursday its revenue in the third quarter of the fiscal year 2024 observed an annual rise of about 14% to reach 46.09 billion New Taiwan dollars (NT$),...