Thursday, August 10, 2023

August 11, 2023 - Russia hopes for its first successful lunar landing mission in nearly 50 years

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TradeBriefs Editorial

From the Editor's Desk

Can We Break the Tyranny of Quarterly Results?

If we want corporate America to avoid short-termism, we need to help free portfolio managers and company executives from the tyranny of quarterly results. Since I work in the investment management industry as the Chairman of MFS Investment Management, I am particularly aware of the pressures to take a short-term perspective in the financial markets–and the often unintended or unknown collateral damage they wreak. This problem is particularly pernicious in that other countries don’t focus on the short term nearly as much as the US. As a result, these pressures impede the pursuit of long-term strategies by American public companies to their competitive disadvantage in the global marketplace.

Continued here


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Russia hopes for its first successful lunar landing mission in nearly 50 years
Russia hopes for its first successful lunar landing mission in nearly 50 years
He said: “Luna-25 is possible to show that Russia and the Russian space programme and its specialists can have some positive influence and enrich international science and not just play at militarisation and fulfil the wishes of the ministry of defence.”

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Russia Is Replicating Iranian Drones and Using Them to Attack Ukraine
Russia Is Replicating Iranian Drones and Using Them to Attack Ukraine
“We’ve now seen in Russian media that these are in fact domestic assembly, and there are changes introduced in the design based on their own needs,” Mr. Bendett said. “This is indicative of Russians trying to come up with a drone that’s just as capable as the original Shahed that could then be scaled up in significant quantities.”

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Yandex founder slams Russia's 'barbaric' war in Ukraine
Yandex founder slams Russia's 'barbaric' war in Ukraine
\"Yandex is also responsible for promoting [Russian] state media and narratives in its search results, and deranking and removing content critical of the Kremlin, such as content related to Russia\'s war of aggression against Ukraine,\" the EU said.

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Sweden Is Not Staying Neutral in Russia’s Information War
Sweden Is Not Staying Neutral in Russia’s Information War
Steven Lee Myers covers misinformation for The Times. He has worked in Washington, Moscow, Baghdad and Beijing, where he contributed to the articles that won the Pulitzer Prize for public service in 2021. He is also the author of “The New Tsar: The Rise and Reign of Vladimir Putin.” More about Steven Lee Myers

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Russia Tries to Bolster Ruble as Inflation Adds to Economic Woes
Russia Tries to Bolster Ruble as Inflation Adds to Economic Woes
“I don’t think the Russian finance ministry wants to weaken the ruble, despite the positive effect on revenues in the short term,” Mr. Kluge said. “Inflation also increases spending. For example, pensions will have to be increased accordingly, albeit with a delay.”












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Russia Launches Luna-25 Mission on a Journey to the Moon
Russia Launches Luna-25 Mission on a Journey to the Moon
Kenneth Chang has been at The Times since 2000, writing about physics, geology, chemistry, and the planets. Before becoming a science writer, he was a graduate student whose research involved the control of chaos. More about Kenneth Chang

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‘It’s Not A Movie,’ Ukrainian Ambassador Tells Skeptics Of Grinding Counteroffensive Against Russia
‘It’s Not A Movie,’ Ukrainian Ambassador Tells Skeptics Of Grinding Counteroffensive Against Russia
“We will cry when we need to cry. And unfortunately, you know, during this difficult time, there were a lot of moments when we had to cry,” she said. “But we will get up and move and fight. And win.”

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Ukraine forces have retaken land near Bakhmut from Russia, Kyiv says
Ukraine forces have retaken land near Bakhmut from Russia, Kyiv says
In the southern city of Zaporizhzhia, it was reported that two young female musicians, named as Khrystyna Spitsyna, 19 and Svitlana Semeykina, 21, and a man had been killed in an overnight missile attack that hit a church. Nine other people were wounded, Ukrainian officials said on Thursday.

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Biden seeks nearly $40 billion in funding for Ukraine, disaster relief and border     
Biden seeks nearly $40 billion in funding for Ukraine, disaster relief and border
\"We have seen throughout this war solid support from the American people, solid support from the Congress in a bipartisan and a bicameral way, for continuing to support Ukraine, and we\'re going to stay focused on that,\" Kirby added.


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At least 17 people dead after boat carrying Rohingya refugees capsizes off coast of Myanmar    
At least 17 people dead after boat carrying Rohingya refugees capsizes off coast of Myanmar
Amnesty International has compared the living conditions for Rohingya still in Rakhine to apartheid, or institutionalised racial segregation. When the state was hit by a cyclone in May, the military junta in Myanmar blocked international efforts to deliver aid to Rohingya victims.


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US, UK and Canada impose sanctions on ex-governor of Lebanon's central bank    
US, UK and Canada impose sanctions on ex-governor of Lebanon's central bank
Salameh has repeatedly denied allegations of financial crimes and has said that he was made a scapegoat for the economic crisis. Along with his brother Raja and Howayek, he was charged in Lebanon with money laundering, embezzlement and illicit enrichment in February.


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U.S. Reaches Deal With Iran to Free Americans for Jailed Iranians and Funds    
U.S. Reaches Deal With Iran to Free Americans for Jailed Iranians and Funds
Michael D. Shear is a veteran White House correspondent and two-time Pulitzer Prize winner who was a member of the team that won the Public Service Medal for Covid coverage in 2020. He is the co-author of “Border Wars: Inside Trump\'s Assault on Immigration.” More about Michael D. Shear


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Ecuador, Reeling From a Candidate’s Assassination, Is Forever Changed    
Ecuador, Reeling From a Candidate’s Assassination, Is Forever Changed
Julie Turkewitz is the Andes bureau chief, covering Colombia, Venezuela, Bolivia, Ecuador, Peru, Suriname and Guyana. Before moving to South America, she was a national correspondent covering the American West. More about Julie Turkewitz


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Murder investigation under way after girl, 10, found dead in Surrey    
Murder investigation under way after girl, 10, found dead in Surrey
“We appreciate that the police presence will be causing concern and we would like to thank local residents for their cooperation as we conduct our investigation. We will provide further updates as soon as we are in a position to.”


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Airlines add flights to get travelers off of Maui after deadly wildfires    
Airlines add flights to get travelers off of Maui after deadly wildfires
The airline swapped out Airbus A321 narrow-body planes, which can seat about 190 passengers, for some of the flights for a Boeing 777-200, one of the largest planes in its fleet, which have 273 seats, according to American\'s website.


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White House asks Congress for additional $24bn in Ukraine aid    
White House asks Congress for additional $24bn in Ukraine aid
The request, which totals around $40bn, also asks Congress to appropriate $12bn for disaster relief and about $4bn for managing the Southwest border, including combating the trade of illicit drugs, namely fentanyl. It allocates $60m to support pay increases for wildland firefighters as the US has seen a jump in extreme weather events.


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Food service workers at T-Mobile Arena in Las Vegas are demanding a new contract after nearly a year of negotiations    
Food service workers at T-Mobile Arena in Las Vegas are demanding a new contract after nearly a year of negotiations
The decision to return to the bargaining table comes amid a major work stoppage in the entertainment industry, with the Screen Actors Guild (SAG) going on strike on July 14. The simultaneous strikes have brought virtually all scripted production in the US to a stop.


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Wegovy weight-loss drugmaker sees profits soar    
Wegovy weight-loss drugmaker sees profits soar
Famous personalities such as Elon Musk are among the reported users of the drug, which has captivated Hollywood and the public more widely since it was approved by regulators in the US in 2021.


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The US is investigating whether another Tesla crash involved its autopilot mode    
The US is investigating whether another Tesla crash involved its autopilot mode
In fact, the NHTSA has opened at least 36 investigations into Tesla’s self-driving systems since 2016. The regulatory agency is also involved in a separate ongoing probe of 830,000 vehicles utilizing Tesla model’s autopilot mode.


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Florida Schools Try to Adapt to New Rules on Gender, Bathrooms and Pronouns    
Florida Schools Try to Adapt to New Rules on Gender, Bathrooms and Pronouns
Dana Goldstein is a national correspondent for The Times, writing about family policy and demographics. She is the author of the bestselling “The Teacher Wars: A History of America’s Most Embattled Profession.” More about Dana Goldstein


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Why insider trading is so difficult to stop    
Why insider trading is so difficult to stop
\"[Activist investors] seem to be very sophisticated in the legal requirements that they have,\" Stark said. \"These are very complicated situations when you\'re trying to figure out exactly what you have to disclose and when, because on the one hand, you\'re disclosing that you\'re selling, which is going to really hurt the company and which will thrust all this attention on you when there\'s no law that says you can\'t sell your stock.\"


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Light aircraft lands on Gloucestershire A-road after suspected engine failure    
Light aircraft lands on Gloucestershire A-road after suspected engine failure
He told the BBC: “We are aware that a pilot has had to perform an emergency landing on the public highway due to a suspected engine failure. We are currently investigating to find out what happened and why. Our priority right now is to ensure everyone’s wellbeing.”


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Opinion | Let’s Have a Face-Off on Trump’s Indictment    
Opinion | Let’s Have a Face-Off on Trump’s Indictment
David French is an Opinion columnist. He is a veteran of Operation Iraqi Freedom and a former constitutional litigator. His most recent book is “Divided We Fall: America’s Secession Threat and How to Restore Our Nation.” @DavidAFrench


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'Heartbeat of Lahaina town': wildfire chars beloved 150-year-old banyan tree    
'Heartbeat of Lahaina town': wildfire chars beloved 150-year-old banyan tree
"I can say everything in Lahaina is gone," Maui resident Dustin Kaleiopu told CNN. "Everyone that I know and love, everyone that I'm related to, that I communicate with, my colleagues, friends, family - we're all homeless."


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Virgin Galactic Went to the Edge of Space Today. The Stock Is Up.     
Virgin Galactic Went to the Edge of Space Today. The Stock Is Up.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.


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Change planning laws to protect historic pub buildings, campaigners say    
Change planning laws to protect historic pub buildings, campaigners say
A government spokesperson said: “We recognise the pressures pubs are under from global factors pushing up the price of energy and other costs, and their importance for communities across the country. That’s why we supported all hospitality businesses – including pubs – with an unprecedented package of support for energy bills last winter. This is in addition to the billions in grants and loans offered throughout the pandemic.”


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Why it matters where your data is stored    
Why it matters where your data is stored
\"Concerns that EU companies and citizens have about their data being exported outside of the EU to countries with different privacy regimes are valid, but it\'s important to remember that the EU-US Data Framework that recently came into force does provide safeguards for the use of personal data by US national security agencies.\"


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Ryan Reynolds Sold His Company For $1.3 Billion; Now He's Investing In Something He Knows Nothing About    
Ryan Reynolds Sold His Company For $1.3 Billion; Now He's Investing In Something He Knows Nothing About
Robinhood democratized stock market investing, but this New Startup Investing Platform Beats Robinhood And Webull By A Mile, Letting Anyone Invest In Startups, Collectibles And A New Mini Startups Stock Market


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Politicians too scared to take on tech firms, says former senior Met officer    
Politicians too scared to take on tech firms, says former senior Met officer
Shweta Singh, an assistant professor of information systems and management at the University of Warwick, said: “In essence, TikTok doesn’t necessarily read your mind, it in fact makes your mind.


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UPS drivers to make $170,000 in pay and benefits following union win    
UPS drivers to make $170,000 in pay and benefits following union win
UPS\' deal with the Teamsters is the \"single largest private-sector collective bargaining agreement in North America,\" the union group said in a blog post last month. It comes as unions notch wage increases for aviation workers and just months after a court reaffirmed union workers\' win at Amazon\'s Staten Island warehouse.


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Warren Buffett Transformed His Neighbor's Life Savings Of $67,000 Into $400 Million    
Warren Buffett Transformed His Neighbor's Life Savings Of $67,000 Into $400 Million
Robinhood democratized stock market investing, but this New Startup Investing Platform Beats Robinhood And Webull By A Mile, Letting Anyone Invest In Startups, Collectibles And A New Mini Startups Stock Market


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Sweden criticised over plan to build at least 10 new nuclear reactors    
Sweden criticised over plan to build at least 10 new nuclear reactors
The plan also ignored the progress being made on new methods of storing energy and other developments, she said. “We don’t agree with the energy minister when she said in order to build more wind power we need more nuclear. We think it’s a bit old-fashioned.”


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Stocks close higher after inflation data, Disney pops: Stock market news today    
Stocks close higher after inflation data, Disney pops: Stock market news today
Meanwhile, earnings season nears its close, with Alibaba (BABA) and Ralph Lauren (RL) releasing quarterly reports. Shares of Disney (DIS) closed up almost 5% after the media giant said it will raise monthly prices for its ad-free streaming plans.


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Inflation: Consumer prices rise 3.2% in July as inflation slowdown stalls    
Inflation: Consumer prices rise 3.2% in July as inflation slowdown stalls
\"In order for this to change, there would need to be a strong decoupling between headline inflation and core inflation but for that, we need a big slowdown in shelter costs, which we have been expecting for several months and has still failed to show up,\" he said.


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Nice recommends use of AI in NHS radiotherapy treatment in England    
Nice recommends use of AI in NHS radiotherapy treatment in England
Separately, the government announced it was investing £13m in AI healthcare research before the first big international AI safety summit in autumn. The technology secretary, Michelle Donelan, said 22 university and NHS trust projects would receive funding for projects including developing a semi-autonomous surgical robotics platform for the removal of tumours and using AI to predict the likelihood of a person’s future health problems based on their existing conditions.


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Swedish Player Says She Told U.S. Reporter To Stop Talking S**t About American Soccer Team    
Swedish Player Says She Told U.S. Reporter To Stop Talking S**t About American Soccer Team
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Hawaii fires: 'search and rescue still primary concern' says official after Biden approves disaster declaration - as it happened    
Hawaii fires: 'search and rescue still primary concern' says official after Biden approves disaster declaration - as it happened
Hello, I am Abené Clayton and I will be taking over the blog from my colleague Gloria. I will be sharing updates from the devastating and deadly fire on Maui. Keep an eye on this page for more.


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Cyprus authorities appeal against ruling that allowed David Hunter to walk free    
Cyprus authorities appeal against ruling that allowed David Hunter to walk free
Hunter had in the days since his release set about starting a new life in Tremithousa, the village outside Paphos where Janice is buried and where on the night of 18 December 2021 he had “killed her to save her” in the couple’s rented maisonette.


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Guggenheim CIO Says Credit Market Is ‘Next Shoe to Drop’    
Guggenheim CIO Says Credit Market Is ‘Next Shoe to Drop’
“If you are a small developer who owns a handful of small office buildings in a suburban location, and you’re now paying 6% for your debt, and all of a sudden your tenants are starting to walk out the door, now you’ve got a problem,” Walsh said in a separate interview.


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Democratic Senator Joe Manchin 'thinking seriously' about leaving party    
Democratic Senator Joe Manchin 'thinking seriously' about leaving party
Saying "moderate, centrist Republicans" feel they "don't have a voice anymore", Manchin said "the Democratic party that I grew up with was … socially compassionate and fiscally responsible … so if we can create a movement that people understand, we could have a voice.


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Want to Minimize Retirement Taxes? Don't Follow This Popular Strategy    
Want to Minimize Retirement Taxes? Don't Follow This Popular Strategy
If you\'re focused on limiting your tax liability in retirement, you may be thinking about moving to a more tax-friendly state. SmartAsset has a retirement tax-friendliness tool designed to help you identify the states that are most and least tax-friendly for retirees.


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A totaled Tesla was sold for parts in the US but came back online in the Ukraine — here's what happened    
A totaled Tesla was sold for parts in the US but came back online in the Ukraine — here's what happened
Green the Only agreed with Tindell and Ahner -- Tesla \"probably can add a \'remote wipe and then remove from my account\' in addition to the \'remove from my account\' option they have now. They probably should have added that long ago.\"


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Theresa Villiers had £70,000 in Shell shares while environment secretary    
Theresa Villiers had £70,000 in Shell shares while environment secretary
Parliamentarians' registration of their shareholdings faces further challenges, with plans being discussed in the House of Lords to double the threshold there for registration from £50,000 to £100,000.


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You Need to Be This Rich to Make Wealth Management Worth It    
You Need to Be This Rich to Make Wealth Management Worth It
Wealth management isn\'t for everyone. Plenty of people invest and manage their finances on their own. However, if you choose this path, it pays to be well prepared. SmartAsset has you covered on that front as well. Give our investment calculator a try and get started with smarter investing today.


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Prosecutors ask for 2 January start date for Trump 2020 election interference case - as it happened    
Prosecutors ask for 2 January start date for Trump 2020 election interference case - as it happened
In addition to Namazi, Emad Sharghi, Morad Tahbaz, and two others whose names have not been made public, were moved from Tehran's notorious Evin Prison, and are anticipated to be held at a hotel under guard by Iranian officials, until they are allowed to board a plane.




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