Friday, April 10

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Christopher Luxon meets Narendra Modi, but little sign of free trade deal
World News

Christopher Luxon meets Narendra Modi, but little sign of free trade deal

Prime Minister Christopher Luxon has met with India's leader Narendra Modi. Photo: Pool Prime Minister Christopher Luxon has emerged from his coveted meeting with India's leader Narendra Modi, wielding an official invite to New Delhi but little indication of progress toward a promised free trade deal. The two leaders met in the very early hours of Friday (NZT) while in Laos for the East Asia Summit. In opening remarks in Hindi, Modi offered Luxon "a very warm welcome", noting it was their first in-person meeting having previously spoken over the phone in July. "I'm very happy to have this opportunity of seeing you today [to] discuss some important issues," a spokesperson translated. Media were ushered out of the room before the end of Modi's remarks or Luxon's response. Speaking before ...
D.E. Shaw nominates 3 directors at Air Products, has $1 billion stake
Business

D.E. Shaw nominates 3 directors at Air Products, has $1 billion stake

Multi-strategy hedge fund D.E. Shaw revealed on Thursday it had amassed a roughly $1 billion stake in industrial gas giant Air Products and Chemicals, the second activist stake at the $71 billion company.D.E. Shaw, one of the largest hedge funds in the world by assets, said in letters made public Thursday that its efforts to engage privately with the company had been largely rebuffed and marked by "an apparent lack of urgency."The investor plans to nominate three directors to the company's board, people familiar with the matter told said. The potential challenge would come alongside another activist fund, Paul Hilal's Mantle Ridge. Mantle Ridge has a similarly sized stake and, like D.E. Shaw, is seeking a clear succession plan for Air Product's CEO, 80-year-old Seifi Ghasemi.Scott Sutton, ...
Ratan Tata a champion for underprivileged, says Soumya Swaminathan
Health

Ratan Tata a champion for underprivileged, says Soumya Swaminathan

Ratan Tata has been a champion for the underprivileged and left an extraordinary legacy in India and the world, said global health leaders as they mourn the demise of the Chairman Emeritus of the Tata Group.  The legendary industrialist and philanthropist passed away at the Breach Candy Hospital following age-related health conditions late on Wednesday. He was 86. “Deeply saddened by the passing of Mr Ratan Tata - a friend, guide, mentor to many and a champion for the underprivileged,” said Soumya Swaminathan, former WHO Chief Scientist, in a post on X. While offering “prayers and condolences to his family,” she said his “legacy will live on forever”. In a post shared on X, Tata Memorial Hospital called him “a visionary leader with the highest integrity, but also an incredibly compassi...
Here’s the inflation breakdown for September 2024 — in one chart
Business

Here’s the inflation breakdown for September 2024 — in one chart

David Paul Morris/Bloomberg via Getty ImagesInflation fell in September as lower gasoline prices combined with other waning price pressures in areas such as housing to bring relief to consumers' wallets, according to the U.S. Bureau of Labor Statistics. The consumer price index, a key inflation gauge, was up 2.4% last month from September 2023, the bureau said.That figure is a decline from 2.5% in August, meaning price growth slowed. It's also the smallest annual reading since February 2021.The September CPI figure was slightly higher than economists predicted, however.There were some trouble spots, such as an uptick in categories including clothing, car insurance and groceries. Most appear to be "one-off" increases, though, said Mark Zandi, chief economist at Moody's."The trend on inflati...
Employee killed while trying to clear trees after Hurricane Milton
World News

Employee killed while trying to clear trees after Hurricane Milton

By Dacia Johnson, CNN A Polk County employee was killed after being hit by a truck while trying to clear trees after Hurricane Milton, the county said. Photo: WESH via CNN Newsource A Polk County employee was killed after being hit by a truck while trying to clear trees after Hurricane Milton, the county said. It happened Thursday morning at the cross street of Brooke Road and US HWY 98 near Fort Meade. The crew was in the process of cutting down a tree that had fallen and was blocking US 98 when a vehicle struck a Fort Meade Maintenance Unit Service Worker. Bruce Kinsler, 68 was killed. He had served Polk County for about a decade, the county said. The driver of the vehicle was another Polk County employee, who was coming to join the crew for post-storm recovery. The employee was tr...
Microsoft announces new health-care AI tools
Business

Microsoft announces new health-care AI tools

Microsoft on Thursday announced new health-care data and artificial intelligence tools, including a collection of medical imaging models, a health-care agent service and an automated documentation solution for nurses. The tools aim to help health-care organizations build AI applications quicker and save clinicians time on administrative tasks, a major cause of industry burnout. Nurses spend as much as 41% of their time on documentation, according to a report from the Office of the Surgeon General. "By integrating AI into health care, our goal is to reduce the strain on medical staff, foster the collective health team collaboration, enhance the overall efficiency of healthcare systems across the country," Mary Varghese Presti, vice president of portfolio evolution and incubation at Microsof...
Donald Trump picks a fight with Detroit
World News

Donald Trump picks a fight with Detroit

By Ali Main, CNN Trump has a history of insulting urban centers around the country, including in states he needs to win to return to the White House. Photo: TANNEN MAURY / AFP Former President Donald Trump on Thursday warned that the country would end up "like Detroit" if Vice President Kamala Harris is elected, his latest jab at an urban centre in a swing state that he hopes to win next month. In remarks laying out his vision for the auto industry at the Detroit Economic Club, Trump said, "Our whole country will end up being like Detroit if (Harris is) your president. You're going to have a mess on your hands". He claimed Harris "destroyed" San Francisco, and later added, "We're not going to let her do that to this country. We're not gonna let it happen". Trump also compared the la...
Trump Media shares up 100% from recent low
Business

Trump Media shares up 100% from recent low

Omar Marques | Lightrocket | Getty ImagesShares of Trump Media shot up more than 17% Thursday, keeping up the momentum of a rally that has recovered some of the Truth Social operator's steep losses from a recent weekslong sell-off.DJT stock closed at $24.12 per share, more than double the $11.75 price it fetched in an intraday trading low just over two weeks ago.Stock Chart IconStock chart iconTrump Media (DJT) Stock PriceThe surge came amid little positive news about the company, but coincided with some recent presidential election polls and other indicators that allies of former President Donald Trump, its majority shareholder, took as positive signs.Many analysts have described Trump Media as a meme stock that is being bought and sold in large part by fans of Trump, who view investing i...
Senior Hezbollah official survives Israeli assassination attempt, sources say
World News

Senior Hezbollah official survives Israeli assassination attempt, sources say

By Maya Gebeily and Alexander Cornwell, Reuters Photo: AFP A man stands above debris of destroyed buildings behind a dead end sign at Beirut's southern suburb Haret Hreik neighbourhood on October 10, 2024, following overnight Israeli strikes. A senior Hezbollah official eluded an Israeli assassination attempt on Thursday in Beirut, three security sources said, as Israeli strikes there killed 22 people and the UN said its peacekeepers in southern Lebanon were in growing danger. Wafiq Safa, who heads Hezbollah's liaison and coordination unit responsible for working with Lebanese security agencies, was targeted by Israel on Thursday night but survived, the security sources said. Earlier on Thursday, a Lebanese security source told Reuters that Israeli airstrikes on central Beirut targe...