Author: Bloomberg

Bloomberg is an American media company founded in 1981, and headquartered in Manhattan, New York. Bloomberg covers local USA news and international breaking news from around the world.

In a bold speech to Congress, Israeli Prime Minister Benjamin Netanyahu staunchly defended Israel’s war against Hamas, calling for unwavering support from the US and rejecting any criticism of the conflict in Gaza. Amid a charged political atmosphere, Netanyahu emphasized Israel’s right to self-defense and urged the US to expedite weapon deliveries to aid their cause. While praising the current administration, Netanyahu’s address countered President Joe Biden’s ceasefire demands and echoed his defiant 2015 stance against Barack Obama. The speech coincided with America’s political turmoil, including Biden’s withdrawal from the next election, a recent attempt on Donald Trump’s life, and…

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The advisers of Donald Trump have suggested that Nato allies increase their defense spending to 3% of GDP, exceeding the current 2% target. This proposal, raised at the Republican National Convention, indicates potential tension if Trump is re-elected. Although not yet a formal policy, Trump has consistently criticized Nato members for inadequate military spending. The outgoing Nato secretary general, Jens Stoltenberg, has also emphasized the need for a higher minimum threshold. Trump’s demand for 3% spending would require significant financial commitments from allies, with only a few nations meeting this target. This negotiation tactic aims to prevent complacency in boosting…

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Chancellor of the Exchequer Rachel Reeves warns the United Kingdom of potential strikes and a shortage of nurses and teachers if above-inflation pay rises are not granted. Reports suggest a £10 billion fiscal hole due to public sector wage demands. Independent pay review bodies have recommended pay increases of 5.5 per cent for over 1.8 million teachers and NHS workers, exceeding the Labour government’s budgeted 3 per cent raise. Failure to settle could lead to further industrial action and recruitment challenges. Reeves plans to announce the government’s response to the recommended pay rise soon. The potential cost of the higher…

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North Korean leader Kim Jong-un met with a Russian military delegation in Pyongyang, strengthening security ties amid escalating tensions with South Korea. The meeting involved discussions on military cooperation, with Kim pledging support for Russia’s operations in Ukraine. This visit follows a mutual defense pact signed between Kim and Russian President Vladimir Putin a month ago, which raised concerns about arms transfers from North Korea to aid Russia’s assault on Ukraine. Despite denials from Pyongyang and Moscow, evidence suggests these transfers have occurred. Kim’s alliance with Russia has provided economic and military support in exchange for munitions and ballistic missiles.…

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Chinese Financial Firms in Hong Kong Asked Employees to Return Portion of Pay Sources reveal that some of China’s major state-owned financial companies are enforcing a repayment policy on employees in Hong Kong in line with President Xi Jinping’s “common prosperity” initiative. Executives and former employees of China Everbright Group and China Huarong International Holdings have been requested to refund a percentage of their bonuses in recent months. The clawback, amounting to less than 10% of bonuses at China Everbright, follows a government review of its Hong Kong operations. The extent and scope of the policy enforcement remain unclear as…

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In a society where loneliness is prevalent, digital solutions are on the rise, with the latest being Loverse – an app that offers companionship through AI-generated characters. The app aims to provide an alternative, rather than a substitute, to real-life relationships, attracting users predominantly in their 40s and 50s. Despite the potential of AI in improving communication skills and reminiscing the joys of love, some former users feel that the app’s personalities lack the element of surprise found in human interaction. As technology continues to evolve, AI is increasingly integrated into daily life, with various AI-powered innovations gaining popularity worldwide.…

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Canada is considering trade barriers against Chinese-made vehicles, with Finance Minister Chrystia Freeland planning talks with business and labour groups. The move follows concerns over “unfair Chinese trade practices” in electric vehicles and aligns with the focus on secure supply chains in Western countries. Freeland emphasized the importance of viewing trading relationships through a national security lens, citing China’s role in global geopolitics. The Canadian government aims to strengthen ties with G7 allies by exploring tariff increases on Chinese goods, including electric vehicles. The potential move echoes actions by the US and EU to address concerns about Chinese overcapacity and…

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Air-conditioning, foreign holidays, eating out essential for Singaporeans: survey Digital connectivity, air-conditioning, dining out, and foreign holidays are considered essential for Singaporeans, according to a recent survey conducted by the Singapore Management University and the Institute of Policy Studies. The study, based on 4,000 participants, revealed that 64% of respondents viewed air-conditioning as a must-have, while 62% believed dining out at least once a month was necessary. Additionally, more than half of the participants felt that going on a Southeast Asian holiday every year was essential. Smartphones were listed as a necessity by over 90% of the respondents, and 96%…

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Billionaire Elon Musk has made a significant contribution to a super PAC aiming to support Donald Trump’s re-election campaign. This move marks a shift in Musk’s previous stance of staying out of politics and instead using his X social-media platform to express right-leaning views. Although Musk has yet to publicly endorse a candidate for the 2024 election, his donation to America PAC provides Republicans with a financial advantage. This comes at a time when Trump has surpassed President Joe Biden in fundraising, putting pressure on Democrats. America PAC, boosted by Musk’s contribution, focuses on field operations in battleground states crucial…

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By Jennifer Jacobs and Bill Allison Billionaire Elon Musk has made a significant donation to a super PAC supporting Donald Trump’s re-election campaign in a move that underscores his growing influence in US politics. Musk’s contribution to America PAC, a lesser-known group, is set to shake up the fundraising landscape. The exact amount of Musk’s donation remains undisclosed, but sources confirm it is substantial. Musk’s shift from political independence to openly expressing right-leaning views on social media has caught attention. As Trump gains traction in fundraising circles, Musk’s involvement could be a game-changer for the Republican campaign. America PAC focuses…

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