Headlines Summary Aug 28, 2024

Geopolitical Tensions - Ukrainian President Volodymyr Zelensky cites his country's successful test of its own ballistic missile. - China's rapid build-up of nuclear reactors is expected to see it top the global standings. - U.S. National Security Advisor Jake Sullivan is meeting again with China's top foreign policy official, Wang Yi – this time in Beijing. - In spite of their border dispute, India and China have been steering a course for continued dialogue and cooperation. - The future plant with Samsung is expected to start output in 2027, about a year later than planned. Economic Policies And Market Dynamics - European central bankers don't expect to speed up rate cuts as American counterpart starts to lower borrowing costs. - Markets might be running ahead of themselves by pricing aggressive Federal Reserve interest-rate cuts this year. - U.S. natural-gas futures extended their losing streak to six sessions on continuing concerns about the large storage surplus. - Oil prices were higher in early Asian trade amid persistent geopolitical risks. - Gold was steady. While fundamentals could remain supportive of gold prices, new catalysts could help the precious metal reach new highs, Capex.com said. Political And Legal Developments - Thanks to a Loper Bright v. Raimondo, Congress now has an extra tool to combat protectionism. - Any conviction under Kazakhstan's broadly, and broadly applied, extremism statues lands an individual on the Financing Terrorism List. - Special counsel Jack Smith filed a revised indictment that accuses Trump of trying to undo his 2020 election loss, saying it conforms to a Supreme Court ruling on presidential immunity. - Gun-rights groups will ask the Supreme Court in its coming term to consider whether the AR-15 and other rifles described as assault weapons deserve constitutional protection. - Democrats are challenging new certification rules in Georgia, while Republicans are launching efforts to target voter-registration procedures in Arizona and North Carolina. Corporate And Financial News - The retailer's new services for third-party sellers take a page from Amazon's fulfillment operation. - The Boy Scouts of America's 321-piece art collection, including Norman Rockwell paintings, is heading to the auction block to raise funds for the compensation of sex-abuse survivors as part of a bankruptcy settlement. - The world's fourth-largest iron ore producer reported an 18% rise in annual net profit helped by an increase in the price it got for sales of the steelmaking commodity. - Prudential PLC reported higher adjusted operating profit in the first half of the year on higher profits from its insurance and asset-management businesses. - The founders of mega hedge fund Two Sigma have agreed to step down, resolving a long-running feud between the quant-trading pioneers. Technology And Innovation - Ukraine said for the first time that it used U.S.-made F-16 jet fighters to intercept drones and missiles as Russia unleashed attacks across Ukraine for a second straight day. - Iran's Shahed drones have disrupted Red Sea shipping, threatened U.S. troops in the Middle East, and caused chaos in Ukraine. - The discovery of a Telegram-based network creating faked pornographic images points to the nation as an epicenter of an emerging global problem. - Batteries alone can't get planes far enough for most flights. But airplane manufacturers are hoping a hybrid plane could be the best way to go. - Tract's $136 million purchase of a 2,100-acre site near Phoenix represents the next big thing in land speculation: finding sites to power a new wave of data centers.

Hope you find this useful! This is an AI generated summary based on news headlines collected over the past 24 hours Generated on Aug 28 at 2024 15:08 UTC

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