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TradeBriefs Editorial

From the Editor's Desk

Pay to drink at a strangers home? Home bars a growing trend in Chinas lonely big cities - The Straits Times (No paywall)

Some say the bars are part of a culture where young Chinese look online for companions to engage in activities. Read more at straitstimes.com.

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How Big Tech is winning the AI talent war - FT (No paywall)  
  

Microsoft’s agreement with two founders of Inflection is the latest sign that deep-pocketed companies are scooping up much of the expertise in AI


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There's little reason to doubt attack on Moscow venue was by Islamic State  
  

There's little reason to doubt attack on Moscow venue was by Islamic State
A claim has surfaced that the attack was carried out by Islamic State Khorasan Province (ISKP) a regional affiliate of the IS terrorist organisation. IS has been implicated in some of Russia's largest recent terror attacks, including the 2017 bombing in the St Petersburg metro that killed 15 and injured 45.


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Kate Middleton's cancer diagnosis is part of a frightening global trend  
  

Kate Middleton's cancer diagnosis is part of a frightening global trend
Kate Middleton, now Catherine, Princess of Wales, announced Friday in a video message that she was diagnosed with cancer after doctors performed abdominal surgery on her earlier this year and discovered evidence of the disease.


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King Charles is 'so proud' of 'beloved' Kate after cancer news, says palace - BBC News  
  

King Charles is 'so proud' of 'beloved' Kate after cancer news, says palace - BBC News
We’re now pausing our coverage of Catherine, Princess of Wales' announcement that she is in the early stages of treatment following a cancer diagnosis. But before we go, let's have a look at what happened this evening.


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Trump poised for billions as stock market deal passes  
  

Trump poised for billions as stock market deal passes
Trump's social media firm has been acquired - a deal that could produce a windfall as he fights legal penalties.


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Apple researchers explore dropping "Siri" phrase & listening with AI instead - MIT Technology Review (No paywall)  
  

Apple researchers explore dropping
Researchers from Apple are probing whether it’s possible to use artificial intelligence to detect when a user is speaking to a device like an iPhone, thereby eliminating the technical need for a trigger phrase like “Siri,” according to a paper published on Friday.


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Anthropic is lining up a new slate of investors, but the AI startup has ruled out Saudi Arabia  
  

Anthropic is lining up a new slate of investors, but the AI startup has ruled out Saudi Arabia
In November, Bankman-Fried was convicted of seven criminal counts tied to the collapse of FTX. His sentencing is scheduled for next week, and prosecutors are recommending a sentence of 40 to 50 years.


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Trump claims he has $500 million cash, after his lawyers say he can't get $454 million bond  
  

Trump claims he has $500 million cash, after his lawyers say he can't get $454 million bond
Trump\'s lawyers argued that while the Trumps are wealthy, they are in the real estate business, and thereby rich in property. As a result, they would need to sell or mortgage their real estate in order to secure the bond, \"causing irreparable harm.\"


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Major central banks reached a pivotal point this week. Here's what happened — and what's next  
  

Major central banks reached a pivotal point this week. Here's what happened — and what's next
Deutsche Bank is sticking to its call for a cut at the Bank\'s next meeting on May 9, but \"only just,\" given the questions marks over the scale and scope of evidence required. However, market futures are pricing only a 25% chance of this, with most economists divided between June and August.


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New York City's plan to stop e-bike battery fires - MIT Technology Review (No paywall)  
  

New York City's plan to stop e-bike battery fires
The vehicles have become increasingly popular in recent years, especially among delivery drivers, tens of thousands of whom weave through New York streets. But the e-bike influx has caused a wave of fires sparked by their batteries, some of them deadly.


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Moscow concert hall attack: what we know so far  
  

Moscow concert hall attack: what we know so far
Earlier this month, western countries led by the United States had issued terror warnings and told their citizens not to join public gatherings in Russia. On 8 March, the US embassy wrote it was “monitoring reports that extremists have imminent plans to target large gatherings in Moscow, to include concerts, and US citizens should be advised to avoid large gatherings over the next 48 hours”.


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Prosecutors say Mike Lynch firm 'paid customers to buy software' as part of revenue fraud  
  

Prosecutors say Mike Lynch firm 'paid customers to buy software' as part of revenue fraud
Baiocco was the third witness to testify at the trial. The first two, Ganesh Vaidyanathan and Reena Prasad, had worked in Autonomy's finance department in the US. Prasad told the court how she and one of her managers were dismissed after raising issues over accounting irregularities.


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'The Yankees are coming to play in Mexico': How Diablos Rojos got a 'dream' series with MLB's most iconic team  
  

'The Yankees are coming to play in Mexico': How Diablos Rojos got a 'dream' series with MLB's most iconic team
Díaz: If you go back and check around Dec. 28 [a date comparable in Latin America to April Fools\' Day] back in 2020, on Diablos social media we wrote something like, \"The Yankees are coming to play in Mexico,\" thinking it was something impossible, so we posted it. Just a few years later, it\'s a reality.


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What We Know About ISIS-K, the Group That Claimed Responsibility for the Moscow Attack  
  

What We Know About ISIS-K, the Group That Claimed Responsibility for the Moscow Attack
President Biden and his top commanders have said the United States would carry out “over-the-horizon” strikes from a base in the Persian Gulf against ISIS and Qaeda insurgents who threaten the United States and its interests overseas.


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Two Republicans Advance to a Runoff to Finish Kevin McCarthy’s Term  
  

Two Republicans Advance to a Runoff to Finish Kevin McCarthy’s Term
Turnout was significantly lower in Tuesday’s special election than it was on March 5, with tens of thousands of voters opting to stay home, but that appeared to do little to change the result.


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Nationwide payments back to normal after IT glitch caused delays  
  

Nationwide payments back to normal after IT glitch caused delays
If you are reading this page and can\'t see the form you will need to visit the mobile version of the BBC website to submit your question or comment or you can email us at [email protected]. Please include your name, age and location with any submission.


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What's behind Rishi Sunak's surprising optimism?  
  

What's behind Rishi Sunak's surprising optimism?
The reality is that a window for some sort of change in the economic weather does appear to be opening up. But the real question is whether it happens quickly and visibly enough to shift the dial with the electorate.


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Alaskan Airlines flight 1282: FBI probes mid-air blowout on January flight  
  

Alaskan Airlines flight 1282: FBI probes mid-air blowout on January flight
The jet had been prevented from making long-haul flights over water, said NTSB chief Jennifer Homendy, after pilots reported pressurisation warning lights on three previous flights made on that specific plane.


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Row erupts over German football team switching supplier from Adidas to Nike  
  

Row erupts over German football team switching supplier from Adidas to Nike
The announcement of the Nike deal comes just months ahead of Euro 2024. Germany\'s men\'s team is using Adidas\'s headquarters in Herzogenaurach, near Nuremberg, as its base for the tournament, which Germany is hosting.


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Bahrain takes full control of supercar brand McLaren  
  

Bahrain takes full control of supercar brand McLaren
The business has been under financial strain since the Covid pandemic, which initially forced it to suspend production of cars, and also led to the cancellation of racing activities around the world.


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Investors Pour Money Into Wall St. as Stocks Set New Highs  
  

Investors Pour Money Into Wall St. as Stocks Set New Highs
But the prospects for cuts have slowly been dimming, jolted by stubborn inflation in the first two months of the year. Investors in the futures market had expected the Fed to cut rates up to six times this year, but have recently come around to the central bank’s view that only three cuts are more likely.It hasn’t seemed to matter for the stock market’s barnstorming rally.


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United Airlines Faces Closer F.A.A. Scrutiny After Safety Incidents  
  

United Airlines Faces Closer F.A.A. Scrutiny After Safety Incidents
“I want you to know that these incidents have our attention and have sharpened our focus,” he said in an email to customers. “Our team is reviewing the details of each case to understand what happened and using those insights to inform our safety training and procedures across all employee groups.”


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Stellantis to Recall 285,000 Dodges and Chryslers for Airbag Danger  
  

Stellantis to Recall 285,000 Dodges and Chryslers for Airbag Danger
The report cited five instances of customers complaining about the issue. A spokesman said that four of those five cases occurred in the Middle East and that the vehicles were parked in all five of them. The company also said that it was unaware of any injuries related to the defect.


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NASA Is Recruiting a New Class of Astronauts  
  

NASA Is Recruiting a New Class of Astronauts
Joining her on that tour, which included a stop at The New York Times, was Victor Glover, a nine-year veteran of the astronaut corps who offered a glimpse into how he made it through the rigorous selection process.


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Valentino’s Creative Director Is Departing  
  

Valentino’s Creative Director Is Departing
Mr. Piccioli had been the sole creative director of Valentino since July 2016, when Maria Grazia Chiuri left to become creative director at Dior. The duo had run the design side of the house since 2008, a decade after joining the Rome-based company in 1999.


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Trump Media Merger Provides Trump a Potential Cash Lifeline  
  

Trump Media Merger Provides Trump a Potential Cash Lifeline
Trump Media’s board might be reluctant to allow Mr. Trump to sell shares early as that would likely deflate the company’s share price. But lifting the restriction on using shares as collateral would help him secure a bond and minimize the negative impact on the stock price.


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Ronna McDaniel, Former R.N.C. Chair, Joins NBC News  
  

Ronna McDaniel, Former R.N.C. Chair, Joins NBC News
Since the start of the Biden administration, MSNBC has hired Jen Psaki, President Biden’s first press secretary, and Symone D. Sanders, a former chief spokeswoman for Vice President Kamala Harris.


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What’s It Like to Be Cinderella in March? These Schools Know.  
  

What’s It Like to Be Cinderella in March? These Schools Know.
The tournament run was good for business. In the eight months before the win by St. Peter’s over Kentucky, the university sold roughly $58,000 worth of merchandise, Cornacchia said. After the upset and through the end of that month, it sold more than $300,000 worth of merchandise and ran out of its supply in a matter of days. Yearly commitments from donors rose from $450,000 to more than $2 million.


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Insurers Report Rising Hail Damage Claims  
  

Insurers Report Rising Hail Damage Claims
Reports, for instance, can be submitted by volunteer spotters whose training may vary. (Typically, people reporting hail are asked to compare it to the size of a ball or coin, which is then translated into a measurement in inches.) Also, the criteria for severe hail was changed in 2010, making historical comparisons challenging.


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Hidden Cameras: What Travelers Need to Know  
  

Hidden Cameras: What Travelers Need to Know
A traveler might feel more secure getting to a hotel room or rental apartment with a security camera in a hallway, for example. And a hotel or host might use cameras to monitor property damage or theft, though the question of whether surveillance is effective in preventing crime is a longstanding debate between privacy and safety advocates.


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General Motors Quits Sharing Driving Behavior With Data Brokers  
  

General Motors Quits Sharing Driving Behavior With Data Brokers
Kashmir Hill writes about technology and how it is changing people’s everyday lives with a particular focus on privacy. She has been covering technology for more than a decade. More about Kashmir Hill


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Joni Mitchell, Following Neil Young, Returns to Spotify After Protest  
  

Joni Mitchell, Following Neil Young, Returns to Spotify After Protest
Mitchell, 80, has become more active in recent years after suffering an aneurysm in 2015 that initially left her unable to speak. She has given several performances, including at the Newport Folk Festival in 2022 and at the Grammy Awards in February, and is set to play two “Joni Jam” shows at the Hollywood Bowl in October, joined by Brandi Carlile and others.


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A Rock Fell From Space Into Sweden. Who Owns It on Earth?  
  

A Rock Fell From Space Into Sweden. Who Owns It on Earth?
Most meteoroids that make it to the Earth’s atmosphere burn up on entry, leaving only a trace of light — called a meteor — in the sky. So-called fresh-fall meteorites are compared to old ones found buried in the ground. The meteorite north of Stockholm, made of iron, was the 10th fresh-fall meteorite to have been found in Sweden, and one of only a handful of fresh-fall iron meteorites found in the world, Mr. Forsberg said.


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What’s Next for the Coronavirus?  
  

What’s Next for the Coronavirus?
Dr. Bloom and other researchers are trying to understand how the coronavirus behaves and evolves as populations amass immunity. Other teams are probing the body’s response to the infection, including the complex syndrome called long Covid.


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How Toyota, a Laggard on Electric Cars, Got Its Fight Back  
  

How Toyota, a Laggard on Electric Cars, Got Its Fight Back
Once a leader in clean cars, Toyota has cemented its role as the voice of caution against electrifying the auto industry too quickly, using its lobbying and public relations muscle to oppose a rapid shift that experts say is critical to fighting climate change.


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SpaceX hit with new NLRB complaint over severance agreements, dispute resolution rules  
  

SpaceX hit with new NLRB complaint over severance agreements, dispute resolution rules
In October, the NLRB accused the Musk-owned social media company X of violating the law by firing an employee who criticized the firm\'s return-to-work policy. The complaint says that the worker, Yao Yue, was terminated after trying to organize other workers at the company over those concerns.


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Chrysler parent Stellantis laying off 400 salaried U.S. workers due to 'unprecedented uncertainties'  
  

Chrysler parent Stellantis laying off 400 salaried U.S. workers due to 'unprecedented uncertainties'
\"While we understand this is difficult news, these actions will better align resources while preserving the critical skills needed to protect our competitive advantage as we remain laser focused on implementing our EV product offensive and our Dare Forward 2030 strategic plan,\" the company said.


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Former Fed Vice Chair Clarida sees possibility of fewer rate cuts than expected this year  
  

Former Fed Vice Chair Clarida sees possibility of fewer rate cuts than expected this year
\"What I think is going on here is a delicate balance that [Powell is] trying to navigate,\" Clarida said. \"Financial conditions will very naturally start to ease when they get the sense the Fed is done and [will start] cutting. Then of course that improves the economic outlook and potentially makes it harder to get inflation down to 2\" percent.


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DWAC stock shares close nearly 14% down after Trump social media merger approved by shareholders  
  

DWAC stock shares close nearly 14% down after Trump social media merger approved by shareholders
The price of shares in Digital World Acquisition Corp. closed trading Friday nearly 14% lower than their opening price after the shell company\'s shareholders approved a merger with the social media company owned by former President Donald Trump.


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Trump social media company will go public as DWAC shareholders approve merger  
  

Trump social media company will go public as DWAC shareholders approve merger
Trump earlier this week asked a New York appeals court to issue a stay of the $454 million fraud judgment as he seeks to overturn the verdict in the case. That court has yet to rule on his request.


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Apple faces years of distractions after DOJ antitrust suit  
  

Apple faces years of distractions after DOJ antitrust suit
Apple and the DOJ could also come to a settlement, where Apple makes some changes and the government drops the suit before further discovery or depositions. However, there are no public signs of reconciliation.


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FAA to step up scrutiny of United Airlines after recent incidents  
  

FAA to step up scrutiny of United Airlines after recent incidents
Asked about additional attention many aviation incidents are drawing, Whitaker said some events getting coverage are not necessarily unusual but the FAA investigates to ensure there is no broader safety trend.


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Rep. Marjorie Taylor Greene files motion to oust Mike Johnson as House speaker  
  

Rep. Marjorie Taylor Greene files motion to oust Mike Johnson as House speaker
Greene had been dropping hints about her plans. Asked on Steve Bannon\'s podcast Friday before the spending vote about a motion to vacate, she said: \"We are making that decision on a minute-by-minute basis today, Steve, and I think you can stay tuned. I urge you to watch what happens.\"


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Cocoa prices rise to fresh record, nears $9,000 per metric ton  
  

Cocoa prices rise to fresh record, nears $9,000 per metric ton
He added: \"Commodities — which are much thinner volumes, lighter volumes, and not as massively traded as a typical U.S. equity index like the S&P 500 — have the ability for these moves to overshoot. Whenever you see the pendulum swinging too far, there\'s no rationale on when it\'s going to turn around.\"


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