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A slump in Chinese consumer confidence is holding Sanlam investments’ Hannah Gooch-Peters back from buying luxury stocks like LVMH. Speaking to CNBC’s Silvia Amaro, the portfolio manager said she would need a “larger margin of safety” before investing in the world’s largest luxury group. “A lot of these European companies were really deriving their growth … Read more
U.S. President Joe Biden notified Congress of his intent to lift the U.S. designation of Cuba as a state sponsor of terrorism, the White House announced, as part of a deal facilitated by the Catholic Church to free political prisoners on the island. Senior U.S. administration officials, who previewed the announcement on the condition of … Read more
Charging a sitting president with wrongdoing is no simple task, but in South Korea, it may be still more difficult because of the sheer number of law-enforcement agencies involved. President Yoon Sul Yeol has already joined the ranks of South Korean presidents impeached by Parliament, a consequence of his ill-fated decision to declare martial law … Read more
Controversial Pentagon nominee Pete Hegseth faced tough questions from senators Tuesday about his views on women serving in combat and his qualifications to lead the Defense Department as confirmation hearings for Donald Trump’s cabinet picks get underway.
Palestinians in Deir el-Balah share hopes for what is to come after the war on Gaza ends.
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Beata Zawrzel | Nurphoto | Getty Images The SEC filed a lawsuit against Elon Musk on Tuesday, alleging the billionaire committed securities fraud in 2022 by failing to disclose his ownership in Twitter and buying shares at “artificially low prices.” Musk, who is also CEO of Tesla and SpaceX, purchased Twitter for $44 billion, later … Read more
BBC Sanabel says she wants any ceasefire to last “for a long time – for the rest of our lives” Palestinians and Israelis have expressed cautious optimism that a deal on a ceasefire in the Gaza Strip and the release of hostages held there is close after 15 months of devastating war. “I can’t believe … Read more
President Biden will remove Cuba from a list of state sponsors of terrorism, U.S. officials announced on Tuesday, as a part of a deal that is expected to free protesters jailed during a sweeping 2021 crackdown by the Communist government. The decision by Mr. Biden is the latest in a number of environmental, immigration and … Read more
Force majeure: an event that’s above and beyond our control. That expression borrowed by insurers from the French to describe what may otherwise be described as an act of God. Los Angeles’ devastating wildfires certainly qualify as force majeure: the explosive cocktail of prolonged drought, low humidity and hurricane-force winds together sparking an unprecedented disaster. But … Read more