Wednesday, April 22

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China pledges more financial support for ‘whitelist’ real estate projects
Business

China pledges more financial support for ‘whitelist’ real estate projects

09 March 2024, China, Peking: Ni Hong (r.), China's Minister of Housing and Rural Development, speaks at a press conference. Johannes Neudecker | Picture Alliance | Getty ImagesChina will expand its "whitelist" of real estate projects and speed up bank lending for these unfinished developments to 4 trillion yuan ($561.8 billion) by the end of the year, the country's housing ministry said Thursday.Ni Hong, China's minister of housing and urban-rural development, made the announcement at a press conference, alongside officials from the central bank, finance ministry and the National Financial Regulatory Administration.A total of 2.23 trillion yuan had already been approved in loans to whitelisted developers. That figure will almost double to 4 trillion yuan by the end of 2024, according to a...
Family of Menendez brothers seek their release from California prison
World News

Family of Menendez brothers seek their release from California prison

By Brad Brooks for Reuters Erik Menendez (R) and brother Lyle listen to court proceedings during a May 17, 1991 appearance. Photo: Reuters: Lee Celano Relatives of Lyle and Erik Menendez, brothers imprisoned for life for killing their parents more than three decades ago, said on Wednesday local time they were meeting with prosecutors to request the men be freed. Los Angeles District Attorney George Gascon said earlier this month that his office was reviewing new evidence that could lead to the release or a new trial of the brothers, who have long said they killed their parents at their Beverly Hills home because of sexual abuse they endured at their hands. "I implore the district attorney's office to end our prolonged suffering and release Lyle and Erik back to our family," said Terr...
Tom Gores buys LA Chargers stake for $750 million
Business

Tom Gores buys LA Chargers stake for $750 million

Detroit Pistons team owner Tom Gores claps during the press conference on July 30, 2021 at the Pistons Performance Center in Detroit, Michigan. Nic Antaya | Getty Images Sport | Getty ImagesPrivate equity billionaire Tom Gores has agreed to pay $750 million to buy 27% of the National Football League's Los Angeles Chargers at an enterprise value of $4 billion, according to two people with knowledge of the deal who spoke on the condition of anonymity to discuss nonpublic details.The $4 billion valuation is more than a 30% discount to the team's value of $5.83 billion, according to CNBC's Official 2024 NFL Team Valuations. Limited partners with no path to control of the team typically get about a 20% to 25% discount in these deals.Gores likely got a larger than usual discount because he bough...
One Direction star Liam Payne’s death leaves friends and fans in shock
World News

One Direction star Liam Payne’s death leaves friends and fans in shock

The death of Liam Payne, who rose to fame as a singer for one of the best-selling boy bands of all time, One Direction, has left his friends and fans in shock. Local media reported he died after falling from the third floor of a hotel in Argentina. "I am in shock right now. Liam was always so kind to me," American singer Charlie Puth said on Instagram. "He was one of the first major artists I got to work with. I cannot believe he is gone." Paris Hilton wrote on X she was upset hearing the news of his Payne's death. "Sending love and condolences to his family & loved ones. RIP my friend." American singer Corbyn Besson, of band Why Don't We, wrote on X that he looked up to One Direction as a young artist. "You really never know when it's your time to go. remind your friends/family that y...
Renowned gynaecologist, ‘cancer conqueror’ Dr Ushalakshmi passes away at 91
Health

Renowned gynaecologist, ‘cancer conqueror’ Dr Ushalakshmi passes away at 91

Renowned gynaecologist Dr. Kotha Ushalakshmi, who was the inspiration behind Ushalakshmi Breast Cancer Foundation and KIMS-Ushalakshmi Centre for Breast Diseases passed away in Hyderabad on October 15. She was 91 years old.  Born in 1933 in Guntur, she has been one of the most renowned gynaecologists from the Telugu states. Her only son and eminent breast surgeon Dr Raghu Ram said she passed away due to heart failure. Ushalakshmi graduated and later obtained her Postgraduate qualifications (DGO & MD) from Guntur Medical College. She worked as Professor of Obstetrics & Gynecology in Hyderabad, with the longest innings at Niloufer Hospital. “Although breast cancer was an unwelcome visitor in her life at the age of 69, she fought the disease with extraordinary courage and fierce d...
Barclays names global ‘conviction’ stock ideas for Q4
Business

Barclays names global ‘conviction’ stock ideas for Q4

Barclays has named a raft of global stocks for investors to consider buying before the end of the year, naming "conviction stock ideas with catalysts." The bank's list includes six overweight-rated stocks from the U.K., which it gave an average upside potential of 25%. In explaining why they maintained their overweight rating for U.K. stocks, the bank's analysts said in an Oct. 11 equity research note that "hopes for domestic recovery are still present," though they noted that "sentiment is cautious going into October budget." "UK stocks overall are still very under-owned and look very cheap. FTSE100 is short Tech but a broadening-out of the rally benefits the value/defensive-tilted index for now," they wrote. The analysts also noted that U.K. domestic plays could benefit from "reduced unc...
NZ’s sluggish economy lures thousands of Kiwis to Australia
World News

NZ’s sluggish economy lures thousands of Kiwis to Australia

By Daniel Ziffer, ABC News Industrial designer Liam Hooper has found more job opportunities in Melbourne. Photo: ABC News / Patrick Stone Australia and New Zealand are neighbours, friends and sporting competitors. But they've had vastly different fortunes in the past few years. Staring at a third recession in just two years, Kiwis are moving across the ditch to Australia in substantial numbers, seeking a sunnier economic climate. "The cost of living was just getting out of control," said Alex Cashmore, who moved to Melbourne this year. Alex Cashmore and his wife Taya moved across the ditch this year. Photo: Supplied He and wife Taya bought a house in Auckland as prices peaked in 2021 and just before the official cash rate skyrocketed from 0.25 percent to a peak of 5.5 percent. ...
9 stocks have risen 100% this year and could double again
Business

9 stocks have risen 100% this year and could double again

Nine health-care stocks have more than doubled in price this year, but still have more than 100% upside potential, according to analysts. CNBC Pro screened more than 85,000 firms worldwide for stocks that have risen by 100% so far in 2024. They are all covered by at least five or more analysts, and a have a median price target pointing to more than 100% upside potential over the next 12 months. The Nasdaq-listed stocks are Jasper Therapeutics , Corbus Pharmaceuticals , Rezolute , Trevi Therapeutics , Delcath Systems , Benitec Biopharma , Arcutis Biotherapeutics , Praxis Precision Medicines and Humacyte . Stocks in the biotechnology sector are typically classed by analysts as carrying higher risk for investors than other sectors. Jasper Therapeutics Jasper Therapeutics is a clinical-stage b...
Liam Payne, former One Direction member, spoke of substance abuse before fatal fall
World News

Liam Payne, former One Direction member, spoke of substance abuse before fatal fall

By Dan Heching, Manuela Castro, Mauricio Torres and Alli Rosenbloom, CNN Liam Payne performs at the Hugo label show in the Halle during Berlin Fashion Week on 3 July, 2019. Photo: AFP / DPA Liam Payne, a former member of boyband One Direction, has died after falling from the window of a hotel in Buenos Aires, according to police there. He was 31. Payne's death occurred on Wednesday at a hotel on Costa Rica Street in the Palermo neighbourhood, according to a statement from police provided to CNN. Buenos Aires police said that personnel from the 14B police station went to the hotel on Wednesday afternoon after receiving a 911 call about an aggressive man who was possibly under the influence of drugs or alcohol. The police's statement did not identify that person as Payne. Payne was see...
Harris bashes Trump on Fox News, breaks with Biden
Business

Harris bashes Trump on Fox News, breaks with Biden

Vice President and Democratic presidential candidate Kamala Harris arrives for a campaign event at the Dort Financial Center in Flint, Michigan, October 4, 2024. Geoff Robins | Afp | Getty ImagesKamala Harris on Wednesday distanced herself from President Joe Biden and bashed her Republican presidential rival Donald Trump in a heated interview with Fox News anchor Brett Baier."Let me be very clear, my presidency will not be a continuation of Joe Biden's presidency," Harris said on the conservative news network, after Baier pressed her on whether the vice president would do anything differently than the incumbent."And like every new president that comes in to office, I will bring my life experiences, my professional experiences, and fresh and new ideas," the Democratic nominee said.The 26-mi...