The top stories being read around the world right now!
From the Editor's Desk
Ranked: The Largest Sovereign Debt Defaults in Modern History Given the financial burden of war, the country suspended interest payments on international debt over the last two years, which was set to expire on August 1, 2024. Without this new debt restructuring, this default would have ranked among the 10 largest in recent history. The last time Ukraine defaulted on its debt was in 2015, after Russia’s invasion of Crimea.
The country defaulted again just nine months later, making it the fourth-largest ever. Leading up to the crash, Greece ran significant deficits despite being one of the fastest-growing countries in Europe. Furthermore, in 2009, the newly elected prime minister revealed that the country was $410 billion in debt—substantially more than previous estimates.
Continued here
TradeBriefs: Newsletters for Decision-Makers!
|
WorkDo Robots Love Their Customers? Automated Restaurants Face Human Issues.
 For a decade, the promised era of robo-flipped burgers and automated baristas has always been just around the corner. But automation in restaurants, at least in the United States, remains a novelty. That is not because the robots and A.I. assistants can’t hack it. By and large, the technology is there, and in some cases has been for years. Work
WorkWork
WorkWorkNew fossils hint how tiny 'water bears' survived mass extinctions - Science (No paywall)
Tardigrades are survivors. For more than 500 million years, the microscopic “water bears” have spread all over the planet and endured some of the harshest conditions Earth has to offer. Now a new analysis of ancient tardigrades in a piece of Cretaceous amber has not only clarified the timeline of tardigrade evolution, but hints how the tiny animals have been able to survive disasters that drove other forms of life to extinction.
WorkSubscribe to read - FT (No paywall)
Once registered, you can:• Read this article and many more, free for 30 days with no card details required• Enjoy 8 thought-provoking articles a day chosen for you by senior editors• Download the award-winning FT Edit app to access audio, saved articles and more Work
WorkWork
WorkWorkRFK Jr. blocked from appearing on New York presidential ballot
Robert F. Kennedy Jr. was blocked from appearing on New York's presidential ballot in November after a state Supreme Court justice found that the independent candidate falsely stated his address on the petitioning documents required to appear on the state's ticket.
WorkWorkViolent crime is plummeting. Why?
Overall, violent crime dropped by 6 percent and homicides fell by 17 percent in 69 cities compared to the same period last year. Columbus, Ohio, saw the biggest drop in violent crime at 41 percent, according to an Axios data analysis. But cities including Miami, Washington, DC, and Austin, Texas, also saw large declines. Notably, New York City was not included in the data, though other reports have indicated that violent crime is falling there, too.
WorkThe Backstory Behind 'Not Ready to Make Nice' by The Chicks
The hit song “Not Ready to Make Nice” by The Chicks (formerly known as the Dixie Chicks) has been making the rounds on TikTok over the past couple of weeks after conservative users posted videos with the song to rally against Vice President Kamala Harris’ bid for the 2024 presidential election and express support for the Republican Party. Work WorkWorkWorkWorkAncient Greece was the trendsetter for medical tourism - History (No paywall)
Would you fly to Turkey for a hair transplant or trek to a natural thermal spring for a therapeutic dip? Medical tourism may seem like a modern trend, but people have been traveling long distances to receive health care for thousands of years. In the ancient Greek and Roman worlds, ailing people made pilgrimages to special sanctuaries called asklepieia dedicated to the physician-demigod Asklepios (or Asclepius), in the hopes of finding healing. WorkPatriotism is replacing purpose in American business - The Economist (No paywall)
What are companies for? Five years ago the Business Roundtable, a coven of American chief executives, overturned orthodoxy on this question. For decades company bosses had agreed that their mission was to make their shareholders richer. Doing good meant doing well. More precisely, it meant raising their firm’s share price. Such a narrow measure of success, it was argued, would keep managers focused and honest. WorkWhy a Tax-Free-Tips Rule Is Gaining Steam Across the Political Divide - Inc.com (No paywall)
On Saturday during a campaign rally in Las Vegas--where many casino workers rely on tips as part of their wages--the vice president floated a new policy idea: tax-free tips. "It is my promise to everyone here, when I am president, we will continue our fight for working families of America, including to raise the minimum wage and eliminate taxes on tips for service and hospitality workers," Harris told a crowd of supporters at the University of Nevada, Las Vegas. WorkHow a New Rule Will Make Hitting 'Unsubscribe' Easier - Inc.com (No paywall)
In the name of consumer protection, a slew of U.S. federal agencies are working to make it easier for Americans to click the unsubscribe button for unwanted memberships and recurring payment services. WorkThe fight over Jordan Chiles's bronze medal is barely about gymnastics
That medal was initially awarded to American gymnast Jordan Chiles. Chiles, who won gold with the US team in Paris, placed third in the floor event finals on August 5 — what feels like eons ago in Olympic time. But this past Saturday, on the eve of the final day of the Games, the International Olympic Committee asked Chiles to give back her bronze, giving it to runner-up Romanian Ana Barbosu. WorkSuper Micro Computer: 3 Reasons to Buy, 3 Reasons to Sell
Bank of America is an advertising partner of The Ascent, a Motley Fool company. Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Bank of America, and Nvidia. The Motley Fool has a disclosure policy. WorkSalmon Farms in Patagonia Face Growing Opposition
It’s an economic success story in which U.S. consumers play a leading role, eating more Chilean salmon than ever before; 2022 was a record year, according to the U.S. Department of Agriculture. Most of the farmed salmon eaten in the United States comes from overseas, with almost half from the fjords of Chile. WorkWorkOpinion | How a Supposedly Scientific Report Became a Weapon in the War on Trans Kids
This argument has been floating around conservative circles in the United States for some time, and some European government health care systems have embraced it, too, with some limiting access to gender-affirming care for young people, citing doubts about the evidence supporting it. The argument has been supercharged in recent months by an unlikely ally on the other side of the Atlantic Ocean: the British pediatrician Hilary Cass. WorkWorkWorkWorkWorkWorkGrocery price inflation in Great Britain rises for first time in 17 months
Asda reported a 5.3% decline in sales at established stores for the three months to the end of June last week. Its chair, the veteran retailer Stuart Rose, said he was “embarrassed” by the supermarket’s market share retreat and called on its co-owner Mohsin Issa to take a step back from the day-to-day running of the retailer. WorkMinisters to 'slow down' mental health changes after Valdo Calocane report
In response to the CQC report, Streeting said: "I want to assure myself and the country that the failures identified in Nottinghamshire are not being repeated elsewhere. I expect the findings and recommendations in this report to be considered and applied throughout the country so that other families do not experience the unimaginable pain that Barnaby, Grace and Ian's family are living with." WorkBanksy rhino artwork in London defaced with graffiti tag
A spokesperson for the corporation said: “We have moved the artwork to Guildhall Yard to ensure it is properly protected and open for the public to view safely. A permanent home for the piece will be decided in due course.” WorkJobs market uncertainty causes headache for Bank of England rate setters
The curate’s egg nature of the latest ONS figures – good in parts – means they are not much help for the Bank’s interest-rate setters as they contemplate what to do with borrowing costs. They do, however, highlight some important issues that government ministers – Reeves, and the work and pensions secretary, Liz Kendall, in particular – need to address. WorkWorkTrump revisits most divisive talking points in rambling interview with Musk
Before the conversation between Musk and Trump, a senior EU figure warned Musk against possible “amplification of harmful content”. In a letter posted on X, Thierry Breton, commissioner for internal market of the European Union, urged Musk to “ensure X’s compliance” with EU law, including the Digital Services Act, adopted in 2022 to address a number of issues including disinformation. WorkWorkElon Musk's X suffers tech failures at start of Donald Trump interview
After Musk purchased Twitter for $44bn in 2022 and renamed it X, he gutted the staff, leaving just 20% of employees, with skeleton crews in place in key areas such as site reliability. In November of that year, he reinstated Trump, who had been banned from Twitter after the January 6 Capitol attack. Advertisers have fled amid a documented rise in hate speech on the social network. The billionaire has touted X as riding the cutting edge of politics and freedom of speech. WorkWorkPrediction: 2 Stocks That Will Be Worth More Than Microsoft 10 Years From Now
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool\'s board of directors. Harsh Chauhan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. WorkWorkWorkWorkWorkFutures rise as PPI set to kick off data deluge
Roger Federer-backed On Holding beat analysts\' estimates for second-quarter revenue on Tuesday on strong demand from customers looking for trendy products, but shares fell nearly 9% premarket after the company reiterated its annual sales forecast. WorkStock Market Sell-Off: Here Are 3 Stocks I'd Love to Buy at a Discount
Matt Frankel has positions in Digital Realty Trust, Dream Finders Homes, and Ryman Hospitality Properties. The Motley Fool has positions in and recommends Digital Realty Trust and Dream Finders Homes. The Motley Fool recommends Ryman Hospitality Properties. The Motley Fool has a disclosure policy. WorkGrayscale Predicts Growth in Crypto ETFs with New Asset Types
Since their launch, crypto ETFs have experienced substantial demand, driven partly by adoption from major financial institutions. Lavalle emphasized the scale of this interest, citing over $15 billion in inflows, tripling the largest one-year ETF inflow in history. |
TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us | Advertise Privacy Policy | Unsubscribe (one-click) You are receiving this mail because of your subscription with TradeBriefs.
Our mailing address is GF 25/39, West Patel Nagar, New Delhi 110008, India |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
