Tag: Business
Twelve Dead, Dozens Injured in Fire at Indonesian Steel Plant
[ad_1] Twelve people died in a fire at a nickel processing facility at Indonesia Morwali Industrial Park early Sunday morning. Nearly 40 people were injured. The fire started at 5:30 a.m. with an explosion during furnace maintenance at a plant owned by PT Indonesia Tsingshan Stainless Steel, one of 52 tenants at industrial site that covers 3,000 hectares on the eastern side of Sulawesi. It was extinguished a little after 9 a.m., according to an official statement from IMIP. [ad_2] Source link
China’s Nio Unveils Executive EV to Take on Panamera
[ad_1] Chinese electric carmaker Nio Inc. unveiled a flagship sedan at its annual customer event Saturday, with the vehicle set to take on Porsche AG’s Panamera series and Mercedes-Benz Group AG’s luxury S range. The four-seater executive sedan dubbed ET9 is expected to start delivery in the first quarter of 2025, with an estimated starting price at around 800,000 yuan ($112,000). It is more expensive than Tesla Inc.’s Model S, which starts at 698,900 yuan in China. [ad_2] Source link
Ex-Credit Suisse CEO Thiam Wins Bid for Shot to Lead Ivory Coast
[ad_1] Former Credit Suisse chief Tidjane Thiam has won his bid to lead Ivory Coast’s opposition in presidential elections scheduled for 2025. Results of a vote announced late Friday showed the 61-year old former banker convincingly defeating his sole opponent to be the head of the Democratic Party of Ivory Coast, which ruled the West African nation for decades after independence in 1960 but has been out of power since 1999. [ad_2] Source link
Can AI Help You Die?
[ad_1] Doctors can be slow to talk about the end of the traditional medical road. When they’ve been trying to manage a life-threatening illness or keep a terminal patient alive, bringing up palliative or hospice care can feel like giving up. But these options can radically improve quality of life, or the end of life, when traditional medicine hasn’t helped enough—if patients and their doctors figure it out in time. Some providers just don’t recognize when the end is near until it’s very near, says Mihir Kamdar, a doctor at Massachusetts General Hospital in Boston who heads clinical health at ... Read more
Canada to Announce 2035 All-EV Sales Mandate, Reports Say
[ad_1] The Canadian government is poised to pass rules requiring all new vehicles sold in the country to be zero-emissions by 2035, according to news reports. The federal government will announce the regulation, called the Electric Vehicle Availability Standard, in the coming days, with the aim of phasing out the sale of new combustion vehicles, the Canadian Broadcasting Corporation and the Toronto Star reported, both citing an unnamed senior government official. [ad_2] Source link
How grocery stores are becoming data brokers
[ad_1] From Facebook and Instagram to Amazon Prime, most U.S. consumers have an online footprint that is growing daily. Email addresses, phone numbers, shopping habits, birthdays and more are all being rolled into a monetizable data profile the companies and data brokers are using to better understand the needs and wants of consumers. Often this is without the knowledge or informed consent of the consumers. A study from the University of Pennsylvania found 79% of Americans feel they have little control over what marketers can find out about them. This is what experts are calling “data fatigue,” the idea that ... Read more
Cramer’s Lightning Round: Banco Santander is a buy
[ad_1] Stock Chart IconStock chart icon Kroger’s year-to-date stock performance. Kroger: “I think the government’s going to block that merger.” Stock Chart IconStock chart icon Banco Santander’s year-to-date stock performance. Banco Santander: “The stock is breaking out. The Brazilian market is terrific. They are crushing it in Mexico. Buy SAN.” Stock Chart IconStock chart icon Asana’s year-to-date stock performance. Asana: “I want them to be profitable before I say anything good about them. They’re too early stage.” Jim Cramer’s Guide to Investing [ad_2] Source link
Traders brace for the final Fed meeting of 2023 in the week ahead as they look for clues on possible rate cuts
[ad_1] The last Federal Reserve meeting of 2023 is on deck in the week ahead, and investors will be keen to look for signals on when the central bank may start to cut interest rates, as stocks try to finish the year off on a high note. Fed Chair Powell is widely anticipated to keep the key fed funds rate steady in the 5.25%-5.5% range, where it’s been since July, at the conclusion of its December policy meeting next Wednesday. The central bank has already held the benchmark rate steady for the last two consecutive meetings. But investors are awaiting ... Read more