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Shipping boss says ongoing Red Sea disruption could have ‘significant consequences’ for global growth
Ongoing disruption to trade flows through the Red Sea could hit global economic growth, the head of one of the world’s largest container shipping firms said Thursday. Maersk CEO Vincent Clerc said it remained unclear whether passage through the waterway would be re-established in “days, weeks or months,” in comments first provided to the Financial…
At least 10 Cuban migrants die after truck overturns in Mexico, officials say | CNN
Mexico City CNN — At least 10 Cuban migrants died and 17 others were injured when the truck they were traveling in overturned in southern Mexico on Sunday, Mexican authorities say. The truck was “irregularly” transporting 27 Cuban nationals on the Pijijiapan-Tonalá highway in the southern state of Chiapas when the accident occurred, Mexico’s National…
Batteries for hire could help Nigerians ditch their generators | CNN
CNN — Although Nigeria has vast energy reserves, more than 92 million people in the country live without access to electricity, according to the International Energy Agency. Those who are connected to the electricity grid have to contend with frequent power cuts, which cost the country $28 billion a year – almost 2% of its…
Iran identifies alleged mastermind behind Soleimani memorial bombings that left nearly 100 dead: report
Iran announced Thursday that it has identified the alleged mastermind behind dual suicide bombing attacks that left nearly 100 people dead at a recent memorial for late Gen. Qassem Soleimani, who was killed years ago by a U.S. drone strike. The IRNA news agency carried a statement by the intelligence ministry saying the main suspect…
Big Tech had a huge 2023. Why it may be time to part with some of your winners
If you rode your Big Tech winners into the new year, now might be the time to consider whittling down a few of those overweight positions. The 2023 dominance of the “Magnificent Seven” stocks — Apple , Alphabet , Amazon , Meta Platforms , Microsoft , Nvidia and Tesla — carried the S & P…
RBC sees a ‘risk-on’ attitude boosting internet stocks. Here are its top picks for 2024
A risk-on attitude in 2024 could create tailwinds for digital ad companies — even after Big Tech’s blockbuster year, according to RBC Capital Markets. Tech giants, including Nvidia and Meta , carried the Nasdaq Composite to a 43% gain in 2023. Although some on Wall Street are concerned that last year’s tech stock rally has…
