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WMTW News 8’s Matt Zidle’s Wednesday morning forecast
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WMTW News 8’s Matt Zidle’s Wednesday morning forecast
Six of the largest tech companies are expected to see earnings growth slow over the next year, leaving room for other companies to lead the next leg of the stock market rally, UBS analysts say.
Australia and Papua New Guinea’s prime ministers on Tuesday began trekking into the South Pacific island nation’s mountainous interior to commemorate a pivotal World War II campaign and to underscore their current security alliance, which faces challenges from China's growing regional influence. Australian Prime Minister Anthony Albanese received an elaborate traditional welcome when he arrived by helicopter at Kokoda Village with his Papua New Guinean counterpart James Marape. The pair will walk 15 kilometers (9 miles) over two days along the rugged Kokoda Track where the Japanese army’s advance toward what is now the national capital, Port Moresby, was halted in 1942 in the wilds of the Owen Stanley Range.
A man who works for a German lawmaker in the European Parliament has been arrested on suspicion of spying for China, German prosecutors said Tuesday. The suspect, identified only as Jian G. in line with German privacy rules, was arrested Monday in Dresden, federal prosecutors said in a statement. The statement didn't specify which lawmaker employed him, but German public broadcaster ARD and magazine Der Spiegel reported that he works for Maximilian Krah of the far-right Alternative for Germany, who is that party's top candidate in the European Parliament election in early June.
Satellite photos analyzed by The Associated Press appear to show a new compound of tents being built near Khan Younis in the Gaza Strip as the Israeli military continues to signal it plans an offensive targeting the city of Rafah. The tent construction is near Khan Younis, which has been targeted by repeated Israeli military operations over recent weeks. Israel has said it plans to evacuate civilians from Rafah during an anticipated offensive on the southern city, where hundreds of thousands of people have taken refuge during the war, now in its seventh month.
North Korea claims it tested a new nuclear weapons command-and-control system Monday, with the firing of projectiles carrying simulated nuclear warheads from multiple rocket launcher units.
The World Bank has suspended funding for a tourism project in Tanzania that caused the suffering of tens of thousands of villagers, according to a U.S.-based rights group that has long urged the global lender to take such action. The World Bank's decision to suspend the $150 million project, which aims to improve the management of natural resources and tourism assets in a remote part of southern Tanzanian, was “long overdue,” the Oakland Institute said in a statement Tuesday, charging that the bank's "failure to take immediate action resulted in serious harms for the local communities.” The suspension of World Bank financing took effect April 18.
More than 100,000 people have been evacuated due to heavy rain and fatal floods in southern China, with the government issuing its highest-level rainstorm warning for the affected area on Tuesday.On Tuesday, the megacity of Shenzhen was among the areas listed as experiencing "heavy to very heavy downpours", the city's meteorological observatory said, adding the risk of flash floods was "very high".
Venice will this week begin charging day trippers for entry, a world first aimed at easing pressure on the Italian city drowning under the weight of mass tourism.The aim of the tickets is to persuade day trippers to come during quieter periods, to try to thin out the worst of the crowds.
Major North Korean hacking groups have mounted "all-out" cyber attacks against South Korean defence companies for more than a year, breaching the firms' internal networks and stealing technical data, South Korea's police said on Tuesday. Hacking teams linked to North Korea's intelligence apparatus and known as Lazarus, Kimsuky and Andariel planted malicious codes in data systems of the defence companies either directly or through contractors working with them, the police said. The police, working with a team of national spy agency and private sector experts, traced the hacks to the groups, identifying them by the source IP addresses, the re-routing architecture of the signals and the signatures of the malwares used, it said.
An ally of President Vladimir Putin warned Europe on Tuesday that Russia has already drafted legislation to retaliate if nearly $300 billion of Russian assets were seized by the West and used to help Ukraine. After President Vladimir Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia's central bank and finance ministry, blocking around $300 billion of sovereign Russian assets in the West. The U.S. House of Representatives passed legislation on Saturday including a bill with a provision that would allow the confiscation of Russian sovereign assets, though the lion's share of the assets are in Europe.
Vietnam's top tech firm FPT plans to build a $200 million artificial intelligence (AI) factory using Nvidia's graphics chips and software, the two firms said on Tuesday. FPT plans to use Nvidia's support to boost AI research in Vietnam with the aim of developing AI applications and solutions at the planned data centre factory, including for generative AI and autonomous driving, the firms said in a joint statement.
The same day Iran launched its first ever direct attack on Israel it embarked on a less-noticed confrontation at home, ordering police in several cities to take to the streets to arrest women accused of flouting its strict Islamic dress code. Iranian authorities insist that their so-called Nour (Light) campaign targets businesses and individuals who defy the hijab law, aiming to respond to demands from devout citizens who are angry about the growing number of unveiled women in public. Under Iran's sharia, or Islamic law, women are obliged to cover their hair and wear long, loose-fitting clothes.
Avian influenza has spread to dairy cows in multiple states and one person in Texas. Health officials are on high alert.
India's main opposition party is accusing Prime Minister Narendra Modi of hate speech after he called Muslims “infiltrators" and used some of his most incendiary rhetoric to date about the minority faith in an election rally days after the country began its weekslong general election. At the rally on Sunday in the western state of Rajasthan, Modi said that when the Congress party was in government, “they said Muslims have the first right over the country’s resources.”
Tech bad boy Elon Musk on Tuesday vowed to challenge demands that his social media platform X take down videos of a recent Sydney church stabbing.Video of the bloody attack, which spread widely on social media platforms, has been blamed by Australian authorities for feeding tensions in the community.
Donald Trump faces a contempt of court hearing on Tuesday as part of his historic criminal trial, with New York prosecutors insisting the former president repeatedly violated the gag order issued to prevent him from intimidating witnesses.Trump has been under a partial gag order imposed by Judge Juan Merchan to prevent him from publicly attacking witnesses, prosecutors and relatives of court staff.
Taiwan was shaken by dozens of earthquakes overnight and into Tuesday that left buildings swaying and some tilting, with the government saying they were aftershocks from a huge deadly quake that hit the island more than two weeks ago.In Hualien on Tuesday, a hotel building that was previously damaged started tilting at an angle overnight after the quakes, according to footage obtained by AFP. "Please come out for your safety.
During World War II, dozens of women Cambridge University students worked around the clock in complete secrecy to crack Nazi codes, but only now are the unsung heroes getting recognition.She became deputy head of her unit and after the war continued to work in intelligence.
Indonesia President Joko Widodo and his son, incoming vice president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday. Their exit will put the spotlight on the next moves for the popular Jokowi, as the outgoing president is known, whose backing for Defence Minister Prabowo was widely interpreted as a move to retain political influence and preserve his legacy after a decade at the helm. Komarudin Watubun, who heads the ethical division of the Democratic Party of Struggle (PDIP), said Jokowi and Gibran were not expelled but ceased to be members when they decided not to endorse PDIP's presidential candidate Ganjar Pranowo.
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