October 5, 2024
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Lowe’s Reports Narrower-than-Expected Sales Decline Amid Continued Demand for Smaller Home Repairs

Despite a broader slowdown in discretionary spending on large home improvement projects, Lowe’s managed to surpass quarterly sales expectations this Tuesday. The company experienced a modest decline in sales, cushioned by a steady demand for small-scale repairs among budget-conscious Americans grappling with inflation. In early trading, shares of Lowe’s initially dipped 2.2% following the announcement

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News Technology

Amazon’s Cloud Unit Halts Orders of Nvidia’s Flagship Chip, FT Reports

Amazon Web Services (AWS), the leading global cloud services provider, has reportedly paused its orders for Nvidia’s latest top-tier AI processor, the Blackwell. Nvidia, a dominant force in the chip sector, announced in March that the Blackwell chip would be its new flagship AI processor, expected to ship later this year. According to the Financial

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Accident Health News Travel

Tragic Turbulence: Fatal Incident on Singapore Airlines Flight

A catastrophic event unfolded on a Singapore Airlines flight from London when severe turbulence led to the death of one passenger and critical injuries to seven others. The flight was forced to make an emergency landing in Bangkok. Singapore Airlines expressed its deepest condolences and apologies for the traumatic experience endured by passengers and crew.

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Middle East World

Saudi Arabia Commits to Stable Oil Supply for Japan, Expands Clean Energy Collaboration

In a recent virtual meeting with Japanese Prime Minister Fumio Kishida, Saudi Arabian Crown Prince Mohammed bin Salman affirmed his commitment to maintaining a stable supply of crude oil to Japan. This assurance was part of broader discussions aimed at enhancing cooperation in clean energy sectors such as hydrogen and ammonia, according to a statement

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Commodities News

Shell Investors Back Company’s Climate Strategy Amid Protests

In a significant shareholder meeting, Royal Dutch Shell’s leadership faced a contentious vote where the majority of shareholders endorsed the company’s current climate strategy, despite vocal opposition from climate activists. The vote followed adjustments to Shell’s carbon reduction targets for 2030, which CEO Wael Sawan revised downward earlier this year, citing robust demand for natural

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Business Europe World

Yellen Presses German Banks for Tighter Compliance on Russian Sanctions

During a pivotal meeting in Frankfurt, U.S. Treasury Secretary Janet Yellen called on top executives of German banks to intensify their compliance with sanctions imposed on Russia, emphasizing the necessity to obstruct any evasion efforts. Yellen articulated the significant role these banks play in upholding economic barriers set against Russia, particularly in relation to transactions

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Crypto Cryptocurrency News

Surge in Ether Prices Fuels Optimism for Upcoming Ether ETF Decisions

Ether, the cryptocurrency that powers the Ethereum blockchain network, is witnessing its most substantial two-day surge in almost two years, fueled by investor optimism ahead of crucial U.S. regulatory decisions on spot exchange-traded funds (ETFs) linked to the digital currency. As speculation mounts over the approval of these ETFs, Ether’s value soared to $3,775—its highest

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China News World

China’s Strategy to Stabilize Property Sector Unveiled by Vice Premier

In a recent statement, China’s Vice Premier He Lifeng announced comprehensive measures to manage the risks associated with the country’s property sector, local government debt, and small financial institutions. This initiative is part of a broader effort to bolster confidence in China’s financial system, currently grappling with a property downturn and escalating local government liabilities.

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Breaking News Middle East World

Tragic Helicopter Crash Claims Life of Iranian President Ebrahim Raisi

In a somber announcement, officials confirmed the untimely death of Iranian President Ebrahim Raisi, following a devastating helicopter crash in the mountainous regions close to the Azerbaijan border. The incident occurred early Monday and has sent shockwaves throughout the region and the world. President Raisi was reportedly traveling in a governmental helicopter when the accident

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United States World

Trump Advocates for Wider Scope of Tariffs Amid Ongoing US-China Trade Tensions

In New York, on May 14, former President Donald Trump voiced strong opinions on the need to expand the scope of tariffs against Chinese imports. Speaking to the press as he attended his trial, Trump asserted that the current administration’s recent implementation of tariffs on Chinese electric vehicles, semiconductors, and medical products is insufficient. “They’ve

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