Erin Patterson 'venting' to friends on husband's family
Erin Patterson 'venting' to friends on husband's family
Lawyers for accused triple ********* Erin Patterson say she had been “venting” to her online friends when she sent frustrated messages about her former in-laws.
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Silicon Quantum Computing CEO on Quantum Industry
Silicon Quantum Computing CEO on Quantum Industry
Silicon Quantum Computing CEO on Quantum Industry
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IKEA now sells affordable heat pumps in even more countries, and is ‘actively’ looking to launch them in more places
IKEA now sells affordable heat pumps in even more countries, and is ‘actively’ looking to launch them in more places
IKEA now sells air-to-water and air-to-air heat pumps
Part of commitment to affordable renewable energy home solutions
The heat pumps are available now in Sweden, Italy, Spain and coming soon to Germany
IKEA is no longer just the place you’ll visit to pick up a cheap flat-pack wardrobe or get your Swedish meatball fix; soon it might be the company you turn to to upgrade your home energy system. Late last month (April 2025), IKEA introduced a range of new affordable heat pumps in some European countries, as part of a commitment to make renewable energy solutions accessible to more people.
Heat pumps are a more sustainable source of home energy than conventional central heating systems. Rather than relying on fossil fuels, heat pumps simply use the air around them to generate heat to warm your home or hot water for your showers.
The heat pump offerings are currently available in Sweden, Italy, and Spain, and will soon also go on ***** in Germany. It looks like more countries could be added to the list, too. A spokesperson told us: “We are actively exploring opportunities to expand into additional markets.”
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(Image credit: IKEA)
However, when asked about the *** specifically, the answer was less promising. The spokesperson told us IKEA was “deeply committed to making sustainable living more accessible and affordable to the many” and that it continued to “explore a range of possible services and solutions in support of a more sustainable future”.
They flagged services like BuyBack, Re-shop and Re-use online and mattress take-back, but didn’t make any reference to heat pumps specifically. Reading between the lines, it sounds like IKEA is open to the idea of launching heat pumps in the ***, but it’s not in the pipeline right now.
Sustainable solutions
There are two systems in the IKEA heat pump range. Air-to-water heat pumps offer heating, hot water and cooling, and are designed to work with an existing system. Air-to-air heat pumps offer heating and cooling options in a single unit, but no hot water.
The venture is part of a partnership with Svea Solar, a Swedish solar energy specialist that IKEA has been working with on its sustainable energy solutions since 2020. According to Taner Karacan, Managing Director of Svea Solar Germany, using a heat pump can “reduce CO2 emissions by up to three-quarters”.
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We don’t have any actual prices – if you live in a country where the heat pumps are already available, it looks like you’ll need to request an assessment to see if one can be fitted it your home, which suggests how much the pump costs will vary depending on the situation. However, IKEA is clearly pitching them as a more affordable option.
The initial press release makes reference to significant government subsidies (“up to 70%”) to bring down costs further. What is available will vary from country to country – that number looks like it’s for Germany – but it’s certainly something worth looking into if you’re thinking of getting one of these fitted. IKEA is also offering an additional 15% discount if you’re part of its Family or Business loyalty scheme.
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Stocks, dollar rally as Trump tariffs hit court roadblock – Reuters
Stocks, dollar rally as Trump tariffs hit court roadblock – Reuters
Stocks, dollar rally as Trump tariffs hit court roadblock ReutersFederal court blocks Trump from imposing sweeping tariffs under emergency powers law AP NewsTrump administration to fight court tariff ruling as aide labels it a ‘judicial coup’ – US politics live The GuardianUS court blocks most Trump tariffs, says president exceeded his authority ReutersCourt strikes down many of Trump’s tariffs, ruling them ******** CBS News
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Guy Sebastian to take stand in trial of ex-manager over embezzlement allegations
Guy Sebastian to take stand in trial of ex-manager over embezzlement allegations
Guy Sebastian is expected to take the stand in a Sydney court in the coming days as his former manager battles allegations he embezzled hundreds of thousands of dollars from the Aussie pop star.
Titus Emanuel Day is standing trial in the NSW District Court where he has denied he embezzled hundreds of thousands in royalties and performance fees owed to the superstar musician.
On day one of Mr Day’s trial on Thursday, Crown prosecutor Brett Hatfield SC told the jury that the inaugural *********** Idol winner had an arrangement with Mr Day and his company 6 Degrees to manage his career and affairs.
Mr Hatfield told the court that Mr Sebastian placed a “significant trust” in his manager and that he “abused” that by embezzling his money.
“Through his role as Mr Sebastian’s manager, and his capacity of collecting his money on behalf of Mr Sebastian, the accused is alleged to have embezzled Mr Sebastian’s money and he’s done that by collecting Mr Sebastian’s money and failing to remit it in accordance with his agreement,” Mr Hatfield said.
Camera IconGuys Sebastian’s former manager Titus Day is facing trial in the NSW District Court. NewsWire / John Appleyard. Credit: News Corp Australia
Mr Day has pleaded not guilty to 34 counts of embezzlement as a clerk or servant and one count of attempting to dishonestly obtain financial advantage by deception.
Mr Sebastian is expected to be called to give evidence in the coming days.
The court was told on Thursday afternoon that Mr Sebastian was previously managed by the 22 Management agency, where he first worked with Mr Day.
He then agreed to join Mr Day’s 6 Degrees company as a marquee client when Mr Day broke away and formed his own company in 2009.
The court heard that their relationship began to deteriorate over time after he found what he alleged were irregularities in his financial records.
The court heard that Mr Day worked on a commission of 20 per cent of Mr Sebastian’s income after costs.
It’s alleged by the Crown that Mr Day failed to remit performance fees and royalties which were collected on Mr Sebastian’s behalf.
Camera IconTitus Day and Guy Sebastian before their split. Supplied Credit: News Corp Australia
The court was told that one of the charges related to an allegation that Mr Day failed to remit $187,000 to Mr Sebastian for performance fees as a support act for Taylor Swift on her 2013 tour of Australia.
The court was told that in 2018 Mr Sebastian filed proceedings in the Federal Court, which prompted Mr Day and 6 Degrees to file a counterclaim.
“Mr Sebastian will tell you that this agreement reposed significant trust in the accused and the Crown case is that the accused abused this trust by dishonestly embezzling Mr Sebastian’s money,” Mr Hatfield said.
The trial before Judge Alister Abadee will continue with Mr Hatfield’s opening submissions on Friday before Mr Day’s barrister Thomas Woods will give his opening to the jury.
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4 Things to Stop Doing After 5 P.M. If You Have High Cholesterol, According to Dietitians
4 Things to Stop Doing After 5 P.M. If You Have High Cholesterol, According to Dietitians
Reviewed by Dietitian Kelly Plowe, M.S., RD
Design elements: Getty Images. EatingWell design.
Managing high cholesterol levels may mean making lifestyle changes you can sustain all day.
To manage high cholesterol levels, nutrition experts share the top habits to avoid after 5 p.m.
Limiting alcohol, snacking and irregular sleep schedules can help keep your cholesterol in check.
4 Things to Avoid After 5 P.M. If You Have High Cholesterol, According to Experts
High cholesterol is a risk factor for cardiovascular disease, raising your risk for heart attack and stroke. Adopting lifestyle changes you can sustain can help get your cholesterol levels in check, which is essential for managing your long-term health.
While the start of your day is a crucial time to get on track with these healthy habits, how you wind down the day matters, too. Nutrition experts share the top four habits they want you to avoid after 5 p.m. if you have high cholesterol.
1. Snacking
Snacking later in the evening may lead to eating more overall calories and a greater intake of saturated **** and added sugar. Jennifer O’Donnell-Giles, M.S., RDN, agrees that late-night snacking tends to involve processed foods that are high in **** and sugar, which can raise LDL cholesterol: “The excess calories and lack of movement late at night make them more likely to be stored as ****. Choose nutrient-dense options or skip the snack if you’re not truly hungry.”
If you find yourself overdoing it on the p.m. snacking, then you may want to look at what you’re noshing on earlier in the day. Not eating balanced meals during the day can leave you feeling hungry. Ensuring that your meals include a mix of fiber-filled carbohydrates, healthy fats and lean protein can help you feel satisfied.
Additionally, mindless snacking at night can also be due to stress or some other cause. “Tuning into hunger cues is important while also knowing if it’s a habitual thing, boredom thing or true hunger,” says O’Donnell-Giles. If you choose to snack, consider it an opportunity to add nutrients to your diet that can help manage cholesterol. “Adding foods that are high in fiber, like oatmeal, whole grains, chia seeds, beans, fruits and veggies, can help lower cholesterol levels,” says Amy Woodman, RD. Try some of our favorite high-fiber snacks the next time you feel the urge to nosh late at night.
2. Skipping Your Regular Bedtime
Keeping a consistent bedtime routine isn’t just for kids—it benefits adults, too. An inconsistent sleep schedule can disrupt your circadian rhythm, which is detrimental to sleep quality. This, in turn, can have a negative effect on cholesterol levels. “Sleep impacts cholesterol more than most people realize,” says O’Donnell-Giles, emphasizing that poor or inconsistent sleep can raise LDL cholesterol and lower HDL cholesterol., Not getting enough sleep can lead to increases in cortisol and inflammation, both of which can have negative impacts on cholesterol levels.,
“Adequate sleep, along with a regular bedtime, helps regulate lipid metabolism and reduces inflammation,” says O’Donnell-Giles. Not getting enough sleep also disrupts hormones that regulate hunger and fullness, which can negatively affect food choices throughout the day. To combat these effects, find a bedtime that works for your schedule while also aiming for at least seven hours of sleep per night. Tips like avoiding screens in the few hours before bed and skipping large meals close to bedtime can help improve your sleep quality.
3. Drinking Alcohol
Cutting back on alcohol can benefit your health, including your cholesterol levels. But if you choose to drink, know that when and what you drink also plays a role in managing your cholesterol.
Drinking later in the day, especially within a few hours of bedtime, may help you fall asleep, but your overall quality of sleep could suffer. And we know falling short on quality sleep consistently can increase inflammation and cortisol levels, in turn, negatively affecting cholesterol levels.
While there’s no ideal time of day to drink alcohol to avoid these negative health effects, the late-night intake may be particularly bad for cholesterol for a variety of reasons. “Late-night alcohol can increase triglycerides, disrupt sleep and trigger poor food choices,” says O’Donnell-Giles. “I recommend limiting alcohol—especially at night—if you’re working to lower cholesterol.”
Instead, try making a mocktail or infused water as a special drink, versus one that contains alcohol. Making this swap even a few nights per week can help improve your sleep quality while also lowering total calorie intake, particularly if you choose low- or no-added-sugar beverages in place of alcohol.
4. Eating Foods High in Saturated **** and Added Sugar
In general, it’s best to limit excess saturated **** and added sugar in the diet, especially if you are prioritizing heart health. Eating foods that are high in one or more of these nutrients later in the day can result in unintentionally adding excess calories, saturated **** and added sugar to your diet. “Unfortunately, the most common after-dinner snacks that people tend to reach for are chips or sweets that are often high in saturated fats,” says Woodman. Research indicates that eating later in the night leads to greater caloric intake overall and is associated with poor diet quality.
If you have high cholesterol, it’s best to skip fried foods, heavy fatty meals, sugary desserts, processed carbs and mindless snacking, says O’Donnell-Giles. “Focus instead on balanced, whole-food dinners with fiber, lean protein and healthy fats.”
The Bottom Line
Managing your cholesterol requires making sustainable lifestyle changes. This includes changes to your nightly routine, like what and when you eat, as well as improving your sleep hygiene. “Focus on fiber, healthy fats (think avocados, nuts, olive oil), lean protein and whole grains,” says Bess Berger, RDN.
If you choose to snack late at night, stick to whole, nutrient-dense foods that are filling and satisfying. Get on a consistent schedule to promote healthy sleep habits. Berger recommends turning off electronics before bed and aiming for seven to nine hours of sleep per night. Remember, managing your health is a 24-hour job, and mixing up your nightly routine to better support your health will go a long way in helping you reach your long-term goals to feel your best.
Read the original article on EATINGWELL
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Google says Instagram fixed a battery drain issue on Android – The Verge
Google says Instagram fixed a battery drain issue on Android – The Verge
Google says Instagram fixed a battery drain issue on Android The VergeGoogle says Pixel battery woes on May update were due to Instagram bug 9to5GoogleGoogle says Instagram has been tanking your battery, but a fix is out Android PoliceThis popular social media app is draining your Android phone’s battery, Google confirms MoneycontrolGoogle issues warning – update Instagram on Android to stop battery drain The Shortcut | Matt Swider
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Ford income falls 65 per cent as Trump's tariffs bite
Ford income falls 65 per cent as Trump's tariffs bite
US car giant Ford says tariffs applied by the Trump administration may cost it billions, and has delayed its financial forecast due to the uncertainty.
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Sorry, Clovis students. No graduation ceremony if you break the rules
Sorry, Clovis students. No graduation ceremony if you break the rules
Two of my close friends in high school got in big trouble the last week before our graduation.
It was 1977 in Santa Barbara, and we seniors were attending class with as little effort as possible. We suffered from “senioritis,” and were already done with San Marcos High School, even if the diplomas still had to be handed to us.
In a moment of boredom one of those final school mornings, my friends decided to skip class and do something more fun. They hopped into one guy’s dune buggy — a souped-up Volkswagen Bug — and drove the bright-yellow, loud vehicle up hallways on campus.
They got caught. Their rule-breaking stunt disqualified them from many activities planned for seniors before graduation.
The memory came back to me in light of some students at Clovis North and Buchanan high schools who got busted for having alcohol on a party bus headed to their May 3 prom.
Graduation rules
A Bee account by staff writer Nick Fenley said about 30 students were involved in the alcohol ******.
Of those, about nine students took responsibility for their misdeeds after Clovis Unified School District officials encouraged the youths to admit to their involvement.
An attorney representing the students told Fenley that the seniors who came clean won’t be able to take part in their graduation ceremony.
The other kids did not admit to any wrongdoing and don’t face the same penalty, said lawyer Steve Smith.
One of those who self-reported expressed remorse to the Clovis Unified school board.
“I made a huge mistake being on a limo bus that contained alcohol. I felt lost and pressured to do things that didn’t align with what actually happened that night. But at the end of the day, I went and stood in the line that I understood was admitting to alcohol being on the bus,” one student said in a statement read by Smith.
Clovis North controversy
Some of the students pleaded with the school board to be allowed to take part in graduation by saying they had high grade-point averages, participated in extracurricular activities and boasted a history of attending Clovis Unified schools.
But Kelly Avants, the chief communications officer for Clovis Unified, said Tuesday that the district would not relent on its stance.
Students sign a “Senior Expectations and Graduation Ceremony Contract,” which makes clear that violating its terms results in being denied the chance to take part in the graduation ceremony.
Clovis North also has a dance contract that makes clear disciplinary action awaits any student who is found to have used drugs or alcohol before a school dance.
High school seniors have been getting in trouble ever since graduation ceremonies began. That is why districts came up with specific rules governing acceptable behaviors.
The Clovis Unified students who got disqualified from graduation are suffering right now — both Buchanan and Clovis North hold their ceremonies next week. But they are also learning a final high school lesson: Rules are not made to be broken, but followed.
From a yellow VW bug to a limo bus, that instruction is always the same — and that’s a good thing.
Tad Weber, opinion writer at The Fresno Bee
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Ragnarok Crush offers match-3 merge gameplay with tower defence elements, now in pre-registration
Ragnarok Crush offers match-3 merge gameplay with tower defence elements, now in pre-registration
Clear the board with match-3 and merge elements
Defend against the onslaught with familiar RO skills
Pre-register now on Google Play
If you’re still looking for other ways you can enjoy Prontera’s sprawling castles after Ragnarok X: Next Generation launched early this month, Gravity Game Hub is adding another adventure to look forward to – Ragnarok Crush. The charming match-3-slash-merge-slash-tower-defence will have you clearing stages with familiar Ragnarok Online characters, plus roguelike skills thrown into the mix too.
In Ragnarok Crush, you can look forward to challenging MVP Bosses and rediscovering Midgard in a more casual way. As you merge allies on the board, you’ll gain more combat power and skills to progress your hero, and with Prontera, Payon, and other fan-fave maps popping up too.
Honestly, it’s really the nostalgia fueling my interest here, especially since RO is such a beloved franchise. It’s not hard to see how this would appeal to fans of the IP, but given its seemingly low barrier to entry, I don’t doubt newbies to the franchise might find it interesting too.
For now, if you’re on the hunt for something similar while you wait for the official launch, why not take a look at our list of the best match-3 games on Android to get your fill?
In the meantime, if you’re eager to join in on all the fun, you can do so by pre-registering for Ragnarok Crush on Google Play.
It’s free-to-play with in-app purchases on Android, but it seems there’s no official link to the App Store just yet for iOS users. For what it’s worth, the Closed Beta Test actually just concluded last May 15th, so we might not have to wait too long until it’s officially released.
You can also join the community of followers on the official Facebook page to stay updated on all the latest developments, or visit the official website for more info.
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Bears QB Caleb Williams insists ‘I wanted to come here’ in response to book details – The New York Times
Bears QB Caleb Williams insists ‘I wanted to come here’ in response to book details – The New York Times
Bears QB Caleb Williams insists ‘I wanted to come here’ in response to book details The New York TimesWilliams makes it clear he wanted to be a Bear ESPNWhy ending up on the Bears was a blessing in disguise for Caleb Williams FOX SportsCaleb Williams addresses predraft ‘ideas’ about evading Chicago Bears — and declares: ‘I wanted to come here’ Chicago TribuneCaleb Williams: I wanted to come here, I love being here NBC Sports
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Waratahs seek strong start to beat Eden Park curse
Waratahs seek strong start to beat Eden Park curse
Struggling at Eden Park is a familiar story for most *********** rugby sides and the NSW Waratahs are no exception.
The Waratahs haven’t won in Auckland since 2009 but coach Dan McKellar says, if his team can avoid being blown off the park early in Saturday’s clash, they have every chance of keeping their Super Rugby Pacific finals hopes alive.
The Waratahs must beat the Blues and hope the Hurricanes beat Moana Pasifika later on Saturday to sneak into the last finals place.
“I think places like Eden Park, you just need to be in it with 20 minutes to go,” McKellar said on Thursday.
“Don’t let them get off to a fast start and blow you away.
“We’ve seen it with Auckland Blues teams and All ******* teams, a lot of the time the game is close to being done by half-time.
“So we’ve got to make sure that we start well and that we’re in the fight with 20 to go.”
The second-year coach is happy to accept underdog status but says there are still internal expectations that NSW will defy history and win to maintain the dream of playing finals.
“I don’t think there’d be a whole lot of people that would be tipping us so to a certain extent that takes the pressure off,” McKellar said.
“But internallly there’s pressure and we’re not going over there to have a nice performance where we lose the game in a close scenario.
“We’ve gotta go there and win so that’s what we expect.”
Approaching the Auckland fortress without fear is the message being pushed in Waratahs camp as they try to exorcise their Eden Park demons.
Only two current Waratahs staffers were playing for NSW the last time they won in Auckland in 2009, in a side captained by Rugby Australia boss Phil Waugh.
“I think we’ve just got to understand it’s another patch of grass and a nice stadium,” McKellar said.
“We play on plenty of those and the Brumbies showed it earlier in the year that it’s possible.
“We don’t need to do anything out of the ordinary other than go over there and do your job and perform well.”
McKellar has once again rung the changes with youngster Jack Bowen taking the starting flyhalf position after starring off the bench against the Force and hamstrung halfback Jake Gordon being replaced by Teddy Wilson.
Bowen takes the place of Tane Edmed after his off-the-bench heroics led to the last-minute try that keeps the Waratahs a mathematical chance of playing finals football.
“Jack’s been very good over a long ******* of time, we’ve sort of given him small tastes here and there,” McKellar said.
“He’s transferred how he’s trained into probably his biggest contribution in a game on Saturday in Perth.
“He gets a chance this week in a big game knowing that we’ve got Tane and his experience to come in the back end.”
The Waratahs must beat the Blues and hope the Hurricanes beat Moana Pasifika later on Saturday to sneak into the last finals place.
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Slovak central bank governor Kazimir guilty of corruption, court rules
Slovak central bank governor Kazimir guilty of corruption, court rules
Peter Kazimir, governor of Slovakia’s central bank, attending a press conference in Bratislava in 2016.
Tomas Benedikovic | Afp | Getty Images
A Slovak court ruled on Thursday that central bank governor and European Central Bank policymaker Peter Kazimir is guilty of corruption, a judge said.
The Specialised Criminal Court ruled Kazimir must pay a 200,000 euro ($225,620) fine, or face a one-year prison sentence, Judge Milan Cisarik said.
The verdict can be appealed and therefore does not force Kazimir out of office.
Kazimir, who is a member of the ECB’s rate-setting governing council, did not attend the ruling while on a business trip to Hong Kong.
He said in a pre-recorded message played by Slovak TA3 television before the ruling that he maintained his innocence, and was also of the opinion that his case should have been dismissed based on the statute of limitations.
He said in the message that he would appeal any guilty verdict to a higher court.
The case dates back to Kazimir’s previous position as finance minister before he became the central bank’s chief in 2019.
Kazimir’s current six-year term ends on June 1, but he is expected to stay on, in line with the law, until a decision on whether he will be granted another term or replaced.
Slovak central bank governors are nominated by the government, approved by parliament and appointed by the president.
Prosecutors allege that while Kazimir was finance minister in 2012-2019, he delivered a 48,000-euro bribe to the then head of the national tax administration to influence tax proceedings.
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India set to be world’s fourth-largest economy
India set to be world’s fourth-largest economy
India is set to become the world’s fourth-largest economy.
Dinodia Photo | Corbis Documentary | Getty Images
This report is from the latest edition of CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary every week on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.
Each weekday, CNBC’s “Inside India” news show gives you news and market commentary on the emerging powerhouse businesses, and the people behind its rise. Livestream the show on YouTube and catch highlights here.
SHOWTIMES:
U.S.: Sunday-Thursday, 23:00-0000 ETAsia: Monday-Friday, 11:00-12:00 SIN/HK, 08:30-09:30 India Europe: Monday-Friday, 0500-06:00 CET
The big story
A top Indian official’s recent claim that the South Asian powerhouse has become the world’s fourth-largest economy has created a lot of buzz in the country’s social media, with an outpouring of self-congratulatory messages.
While India has taken giant strides in boosting its GDP — it was ranked No. 10 in 2014 — and continues to be the fastest-growing major economy, it’s best to take the latest claims with a fistful of salt.
Briefing the media on Sunday, B.V.R. Subrahmanyam, CEO of India’s state-run think tank Niti Aayog said, “we are the fourth-largest economy as I speak … and this is not my data. This is IMF [international monetary fund] data.”
“India today is larger than Japan,” Subrahmanyam said, adding that the nation will go on to displace Germany as the third-largest economy and place just behind the U.S. and China in around three years.
IMF data, however, projects India’s economy to reach $4.187 trillion in 2025, marginally surpassing Japan’s $4.186 trillion. So while not already there, the country is very much on the path to becoming the fourth-largest economic powerhouse, preceded by Germany, China and the U.S.
Keeping the trajectory in focus, and putting aside the merits of the claim, what is it that’s working for the country — and what is holding it back?
Growth levers
“Long-term structural dynamic,” driven by India’s huge demographic and growing educated youth population, is enhancing India’s capabilities in technology and services, while also paving its ambitions to become a manufacturing hub, said Malcolm Dorson, senior portfolio manager at Global X ETFs — one of the largest foreign asset owners in India.
Dorson also sees “tactical tailwinds” from lower oil and higher gold prices, given India imports around 80% of its energy needs, while roughly 20% of the nation’s household savings in physical gold.
Collectively, these factors make India a “fine-tuned compounding machine,” he said, adding that the country gaining a spot in the top four by GDP ranking “is a done deal.”
Dhiraj Nim, foreign exchange strategist and economist at ANZ Bank agrees: It should not be surprising if India becomes the world’s fourth-largest economy around mid to end this year, aided by improving domestic consumption as demand in rural clusters improves.
Consumption constitutes over 56% of India’s economy — making it the top growth engine. Rural areas accounted for nearly 40% of overall consumer goods sales in the first quarter of 2025, data from market research firm NielsenIQ shows.
A sizable number of India’s rural population is farmers, so Nim expects a pickup in their spending in the upcoming quarters with better weather conditions facilitating higher crop yields and in turn stronger income and purchasing power, with falling inflation also supporting consumption.
He also expects urban consumption to grow, albeit at a slower pace, following tax cuts and stimulus doled out in the budget earlier this year, with more rate cuts by the Reserve Bank of India offering an added boost.
The benefits of India’s economic growth will translate into increased capital flows, as foreign investors would want to capitalize on it, Dorson said.
“This could lead to higher valuations, which inherently would translate into more supply, and deeper capital markets. We could also see Indian equities more prominently included in global exchanges, which would lead to more flows,” he said.
‘Natural course of events’
India has strong tailwinds supporting its economy, but it needs to undertake several reforms to ensure sustained growth.
While India is set to be the world’s fourth-largest economy, there is a “huge disconnect in the standard of living and the social, economic and physical infrastructural between India and Japan,” Shumita Deveshwar, chief India economist at TS Lombard said.
India’s current per capita GDP is $2,880, a fraction of Japan’s $33,960, IMF data shows.
“There’s so much work that really needs to be done in India to bridge this gap and it starts from increasing capital expenditure on infrastructure such as transportation networks, to improving access to education, workforce skills upgrading and jobs in general,” Deveshwar noted.
ANZ’s Nim calls India becoming the world’s fourth-largest economy merely a “natural course of events.”
“It really means not much to me. India is now the fifth-largest economy, but is not very prosperous, so more work needs to be done to increase the prosperity of citizens,” he said, flagging the need for India to be more open to foreign businesses which already have an incentive to be in the country given its cheap cost structures.
He suggests that policymakers strategically identify sectors India has a comparative advantage in, rather than try to manufacture everything. Focusing on select industries over a range of sectors will ensure that the workforce has the needed skills to make quality products that are competitive against those produced in other emerging markets with lower costs.
Deveshwar highlights that policymakers should ensure that reforms are meted out quickly, so that growth is sustained. Lack of capacity, manpower and physical infrastructure have historically held back policy rollouts, so effective execution is needed to meet quite aspirational and ambitious targets.
“There have been hurdles and lags in policy implementation such as in passing labor reforms, farm reforms and other incomplete reforms that have really delayed the productivity and output in many sectors. We need to fix that so India remains competitive and sustains its position as the world’s fourth — or eventually even third largest economy,” Deveshwar added.
Need to know
A trade deal between India and U.S. could be reached in late June. Negotiations are progressing quickly and U.S. officials are expected to visit India soon to discuss the deal further, reported CNBC-TV18, which cited government sources. Imports of genetically modified crops from the U.S. will still be prohibited by New Delhi because of regulation, but non-modified agricultural products could see the green light.
India’s shipment of iPhones to the U.S. jumped in April. Market analyst firm Canalys, now part of Omdia, estimates that total shipment rose 76% year on year to around 3,000,000. By contrast, China’s iPhone shipments to the U.S. fell to 900,000 in the same month, plummeting roughly 76% from a year earlier. The huge shifts in numbers are because of harsh tariffs the White House imposed on China, Omdia said.
U.S. President Donald Trump told Apple CEO Tim Cook he wants iPhones built in America. Smartphones manufactured outside the U.S., whether in “India, or anyplace else,” wrote Trump on his social media platform Truth Social, will incur a “Tariff of at least 25%.” Analysts have said it would be a tall feat for Apple to shift production to America because of supply chain and cost issues. Apple is also continuing to expand its operations in India.
— Yeo Boon Ping
What happened in the markets?
Indian stocks were trading flat Thursday even as most Asian markets rose after a U.S. federal trade court ruled that President Donald Trump exceeded his authority with his “reciprocal” tariffs. The benchmark Nifty 50 and the BSE Sensex were little changed as of 12.10 p.m. Indian Standard Time.
Since the start of the year, the 50-stock benchmark has risen 4.6%, while the BSE Sensex has gained over 4%.
The benchmark 10-year Indian government bond yield were down marginally at 6.171%.
Stock Chart IconStock chart icon
On CNBC TV this week, Nikhil Bhandari, Goldman Sachs’ co-head of APAC natural resource and clean energy research, said the bank believes India’s oil demand will be the “fastest growing” among large economies over the next two decades because of income growth in the country. However, as India’s oil production is flat, the South Asian nation will have to rely on diversifying its import sources for energy security.
Meanwhile, Abrar Mir, managing partner at Quadria Capita, a private equity firm that focuses on healthcare companies, said that there’s “significant” innovation happening in India’s hospital sector. Businesses in the country are building high quality hospital systems that serve the underprivileged in rural areas, while doing it in a financially viable way, which is an “eminently exportable business model,” Mir said.
— Yeo Boon Ping
What’s happening next week?
India’s first-quarter economic growth data, out Friday, will give an indication if the country’s economy can meet its growth target for the current fiscal year.
With four mainline initial public offerings the upcoming week, India’s IPO market seems to be picking up.
May 30: India gross domestic product data for FY25 fourth quarter
June 2: India HSBC manufacturing PMI, final reading, for May, Aegis Vopak Terminals IPO, Schloss Bangalore IPO
June 3: Prostarm Info Systems IPO
June 4: India HSBC services PMI, final reading, for May, Scoda Tubes IPO
— Yeo Boon Ping
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Deborra-Lee Furness describes 'betrayal' amid Hugh Jackman divorce – BBC
Deborra-Lee Furness describes 'betrayal' amid Hugh Jackman divorce – BBC
Deborra-Lee Furness describes ‘betrayal’ amid Hugh Jackman divorce BBCDeborra-Lee Furness Officially Files for Divorce from Hugh Jackman Nearly 2 Years After Announcing Breakup People.comHugh Jackman’s Friend Breaks Silence on ‘Betrayal’ Comments Us WeeklyHugh Jackman and Deborra-Lee Furness divorcing after nearly 2-year separation USA TodayHugh Jackman and Sutton Foster’s relationship timeline: From alleged affair to public romance Page Six
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#DeborraLee #Furness #describes #039betrayal039 #Hugh #Jackman #divorce #BBC
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Outfit7 returns to Green Game Jam in 2025 with a My Talking Hank: Islands mini-game
Outfit7 returns to Green Game Jam in 2025 with a My Talking Hank: Islands mini-game
Outfit7 returns to the Green Game Jam in 2025 with My Talking Hank: Islands mini-game
Help Hank to clean up discarded waste with a new turtle friend
Outfit7 continues its Giving Back initiative with real-world action
Outfit7 has announced its return to the Green Game Jam in 2025, where it will join forces with other game studios in boosting awareness of environmental causes. This year will see participating studios implement the theme “Nurture Yourself with Nature” into their live games, with Outfit7’s contribution focusing on its popular adventure title, My Talking Hank: Islands.
Talking Hank’s beach clean up mission
In My Talking Hank: Islands, the titular hapless hero will be participating in a fun beach clean-up mini game with the aid of his turtle friend. As you walk Hank around the seashore you’ll help him clean up the environment by picking up discarded waste and sorting it into three separate recycling containers. Besides adding a fun new activity, the mini-game will help educate players in eco-friendly chores and the importance of maintaining a clean and sustainable environment.
Giving back to those in need
But this initiative doesn’t end there. Outfit7 is pushing its Green Game Jam efforts beyond the screen with its long running Giving Back initiative. In much the same spirit as the beach cleaning fun found in Hank’s mini-game, the company is planning to restore a coastal youth centre in Slovenia. Along with fixing up the area for families in need, Outfit7 is also funding a new playground for children. The company’s employees will take a day off to volunteer in an effort to turn the message of nature, play, and care into real-world action.
Play My Talking Hank: Islands during the Green Game Jam starting May 29 and discover how small actions in-game can inspire real-world change.
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#Outfit7 #returns #Green #Game #Jam #Talking #Hank #Islands #minigame
Pelican News
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AFL mid-season draft 2025: West Coast recruit and ‘grommet’ Jacob Newton looks to make a splash at Eagles
AFL mid-season draft 2025: West Coast recruit and ‘grommet’ Jacob Newton looks to make a splash at Eagles
West Coast mid-season draftee Jacob Newton is a self-described “grommet” who will be looking to make waves in the AFL.
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#AFL #midseason #draft #West #Coast #recruit #grommet #Jacob #Newton #splash #Eagles
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Scientists unveil world-first battery breakthrough fueled by unlikely energy source: ‘Next-generation power supply’
Scientists unveil world-first battery breakthrough fueled by unlikely energy source: ‘Next-generation power supply’
A team of researchers has harnessed the power of natural radioactive decay to create a battery cell that could last years or even decades without recharging.
The cell is designed with an electrode embedded with carbon-14-based quantum dots connected to an enhanced perovskite absorber layer, according to Tech Xplore.
Electricity is generated by capturing beta rays emitted during the decay process, and these batteries could run for years without any maintenance, at least in theory.
There’s also a degree of biological safety involved. The beta rays generated can’t penetrate human skin, and thin sheets of aluminum would be enough to safely shield these devices.
Professor Su-Il In of the Department of Energy Science & Engineering at Daegu Gyeongbuk Institute of Science and Technology in South Korea led the research team and recently published a paper on the work.
“This research marks the world’s first demonstration of the practical viability of betavoltaic cells. We plan to accelerate the commercialization of next-generation power supply technologies for extreme environments and pursue further miniaturization and technology transfer,” said In, according to the report.
Watch now: How bad is a gas stove for your home’s indoor air quality?
Lithium-ion and nickel-based battery designs have relatively short lifespans and require frequent recharging. They’re also vulnerable to heat and moisture, which makes them less reliable in extreme environments.
The betavoltaic cells developed by In’s research team were said to have achieved a nearly 56,000-fold increase in electron mobility over conventional ones and maintained a stable power output for up to nine hours of continuous operation during tests.
Unlike clean energy sources like nuclear power and the promise of fusion, these radioisotope batteries produce very small amounts of electricity, but their long-term supply of power could be beneficial for medical devices, military applications, and space exploration.
“We can put safe nuclear energy into devices the size of a finger,” said In, adding that a pacemaker powered by a betavoltaic cell could last a person’s lifetime.
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By using nuclear batteries, we could reduce the amount of mining that’s necessary for other types of batteries, resulting in less pollution and ecosystem harm. They also don’t require recharging, which would reduce the draw on the energy grid.
For now, though, researchers have a lot of work ahead of them. While studies suggest that perovskites in betavoltaic cells can reach 28% energy conversion efficiency, they’ve only managed about 1.83% ECE with their current device.
“Although this research involves daily challenges that often seem impossible, we are driven by a strong sense of mission, knowing that the future of our nation is closely tied to energy security,” said doctoral student and study co-author Junho Lee, per Tech Xplore.
Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don’t miss this cool list of easy ways to help yourself while helping the planet.
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#Scientists #unveil #worldfirst #battery #breakthrough #fueled #energy #source #Nextgeneration #power #supply
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Uranium Peaked in 2011: What’s Next?
Uranium Peaked in 2011: What’s Next?
I am back from the break, but before I took off, I bought Global X Uranium ETF (NYSE:) at $20.
A great trade, now it is time to think about what is next for and energy in general.
There is a lot more to think about concerning both the mineral and the nuclear power plants, but for now, let’s focus on the price since its peak.
Uranium prices rallied to around $130 per pound in 2011, largely due to a supply-demand imbalance and market speculation, driven by several key factors:
Reasons for Uranium’s Rally to $130 in 2011
1. Anticipated Nuclear Renaissance (Pre-Fukushima)
Prior to March 2011, there was strong global optimism about a “nuclear renaissance” with dozens of new reactors planned, especially in China, India, and Russia.
Rising demand projections created speculative pressure on uranium prices.
2. Supply Constraints and Delays
Key mines faced production setbacks, especially Cameco’s (NYSE:) Cigar Lake mine in Canada (flooded in 2006), tightening supply.
Long project lead times and high capital costs discouraged quick supply increases.
3. Reduced Secondary Supply
The Megatons to Megawatts Program (1993–2013), which downblended Russian nuclear warheads to fuel, was winding down, reducing secondary uranium availability.
4. Speculative and Hedge Fund Activity
Commodities, including uranium, became a target for hedge funds and institutional investors betting on rising prices due to tight fundamentals.
Thin trading volumes in uranium spot markets amplified price moves.
Then What Happened?
The Fukushima nuclear disaster (March 11, 2011) in Japan caused a sharp reversal in sentiment.
Japan shut down its reactors, and Germany announced a nuclear phase-out.
Global nuclear expansion plans stalled, leading to crashing demand expectations.
Uranium prices began a prolonged collapse, falling below $30 in the years that followed.
As you can see in the monthly chart, URA remained dormant until 2021, when it broke from a 7-year base over the 80-month moving average (green).
Since then, URA jas held around $20 but could not get sustaining legs above the 23-month moving average (blue) until recently.
However, while the upside of pre-Fukushima is there, URA cannot fail this moving average as this is a good representation of an expansion in a 2-year cycle that must continue.
The descent in 2011 was dramatic. The dormancy since then was 10 years long.
Now, the optimism must carry URA higher or we can look at this as a great idea that can take another decade to materialize.
Has URA bottomed? Most likely. Can it soar from here?
If you’re tracking uranium today, the current rally is being driven more by SMR (small modular reactor) political optimism, underinvestment in mining, and geopolitics (e.g., Russian fuel bans).
ETF Summary
(Pivotal means short-term bullish above that level and bearish below)
S&P 500 (SPY) 575 support to hold
Russell 2000 (IWM) 200 support to hold
Dow (DIA) 400 support 418 resistance
Nasdaq (QQQ) 528 resistance
Regional banks (KRE) 55 support to hold
Semiconductors (SMH) 250 to get through
Transportation (IYT) 68 resistance
Biotechnology (IBB) Watch for the 50-DMA to clear and confirm over 123
Retail (XRT) 75 support and 77 resistance
Bitcoin (BTCUSD) 89k support 95k pivotal 110 resistance
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China’s DeepSeek releases upgraded R1 AI model in OpenAI competition
China’s DeepSeek releases upgraded R1 AI model in OpenAI competition
Deepseek’s logo on Jan. 29, 2025.
Andrey Rudakov | Bloomberg | Getty Images
******** startup DeepSeek, which caused shockwaves across markets this year, quietly released an upgraded version of its artificial intelligence reasoning model.
The company did not make an official announcement, but the upgrade of DeepSeek R1 was released on AI model repository Hugging Face.
DeepSeek rose to prominence this year after its free, open-source R1 reasoning model outperformed offerings from rivals including Meta and OpenAI. The low-cost and short time of development shocked global markets, sparking concerns that U.S. tech giants were overspending on infrastructure and wiping billions of dollars of value of major U.S. tech stocks like AI stalwart Nvidia. These companies have since broadly recovered.
Just as was the case with DeepSeek R1’s debut, the upgraded model was also released with little fanfare. It is a reasoning model, which means the AI can execute more complicated tasks through a step-by-step logical thought process.
The upgraded DeepSeek R1 model is just behind OpenAI’s o4-mini and o3 reasoning models on LiveCodeBench, a site that benchmarks models against different metrics.
DeepSeek has become the poster child of how ******** artificial intelligence is still developing despite U.S. attempts to restrict the country’s access to chips and other technology. This month, ******** technology giants Baidu and Tencent revealed how they were making their AI models more efficient to deal with U.S. semiconductor export curbs.
Jensen Huang, CEO of Nvidia, which designs the graphics processing units required to train huge AI models, slammed U.S. export controls on Wednesday.
“The U.S. has based its policy on the assumption that China cannot make AI chips,” Huang said. “That assumption was always questionable, and now it’s clearly wrong.”
“The question is not whether China will have AI,” Huang added. “It already does.”
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#Chinas #DeepSeek #releases #upgraded #model #OpenAI #competition
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43,000-year-old human fingerprint is world's oldest — and made by a Neanderthal – Live Science
43,000-year-old human fingerprint is world's oldest — and made by a Neanderthal – Live Science
43,000-year-old human fingerprint is world’s oldest — and made by a Neanderthal Live ScienceA red dot, a 43,000 year old fingerprint, and a stone out of place—potential evidence of Neanderthal pareidolia Phys.orgWith the touch of a finger, a Neanderthal may have made art NBC NewsScientists Found a 43,000-Year-Old Fingerprint That May Be the Oldest Ever Left by a Human Popular MechanicsWorld’s oldest fingerprint may be a clue that Neanderthals created art The Guardian
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#43000yearold #human #fingerprint #world039s #oldest #Neanderthal #Live #Science
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Craig Anthony Dwyer: ‘Monster’ who ****** sleeping university student in ‘nightmare’ 1993 dorm attack jailed
Craig Anthony Dwyer: ‘Monster’ who ****** sleeping university student in ‘nightmare’ 1993 dorm attack jailed
A ******* who left a 19-year-old university student ‘in a virtual prison of fear for 30 years’ has been jailed for a decade.
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#Craig #Anthony #Dwyer #Monster #****** #sleeping #university #student #nightmare #dorm #attack #jailed
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China’s DeepSeek releases upgraded R1 AI model in OpenAI competition
China’s DeepSeek releases upgraded R1 AI model in OpenAI competition
Deepseek’s logo on Jan. 29, 2025.
Andrey Rudakov | Bloomberg | Getty Images
******** startup DeepSeek, which caused shockwaves across markets this year, quietly released an upgraded version of its artificial intelligence reasoning model.
The company did not make an official announcement, but the upgrade of DeepSeek R1 was released on AI model repository Hugging Face.
DeepSeek rose to prominence this year after its free, open-source R1 reasoning model outperformed offerings from rivals including Meta and OpenAI. The low-cost and short time of development shocked global markets, sparking concerns that U.S. tech giants were overspending on infrastructure and wiping billions of dollars of value of major U.S. tech stocks like AI stalwart Nvidia. These companies have since broadly recovered.
Just as was the case with DeepSeek R1’s debut, the upgraded model was also released with little fanfare. It is a reasoning model, which means the AI can execute more complicated tasks through a step-by-step logical thought process.
The upgraded DeepSeek R1 model is just behind OpenAI’s o4-mini and o3 reasoning models on LiveCodeBench, a site that benchmarks models against different metrics.
DeepSeek has become the poster child of how ******** artificial intelligence is still developing despite U.S. attempts to restrict the country’s access to chips and other technology. This month, ******** technology giants Baidu and Tencent revealed how they were making their AI models more efficient to deal with U.S. semiconductor export curbs.
Jensen Huang, CEO of Nvidia, which designs the graphics processing units required to train huge AI models, slammed U.S. export controls on Wednesday.
“The U.S. has based its policy on the assumption that China cannot make AI chips,” Huang said. “That assumption was always questionable, and now it’s clearly wrong.”
“The question is not whether China will have AI,” Huang added. “It already does.”
Source link
#Chinas #DeepSeek #releases #upgraded #model #OpenAI #competition
Pelican News
View the full article at [Hidden Content]
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Japan’s bond selloff is a warning to the world
Japan’s bond selloff is a warning to the world
Photo: Julian Finney (Getty Images)
Demand for Japan’s 40-year government bonds plunged Wednesday to its lowest level since last July, reinforcing fears that appetite for ultra-long Japanese debt is evaporating.
The lopsided supply-demand dynamic followed a similarly disastrous 20-year auction last week — the worst since 2012 — and comes after a month of heavy selling across Japan’s “super-long” bond market.
Together, the flops suggest that confidence in long-dated Japanese government bonds is breaking down, despite an emergency signal from Japan’s Ministry of Finance that it may scale back issuance of longer maturities to calm the market. And briefly, the announcement did soothe rattled investors across the globe, helping to push down yields across Asia, the ***, and the U.S.
Analysts now say Japan’s shift toward issuing bonds with shorter maturities could become a global test case for how governments manage growing fiscal stress. But if Wednesday’s auction is any indication, investors remain unconvinced because demand for long-end debt is still deteriorating. And while it may be less consequential, a storm of chatter on X and YouTube (GOOGL) — where armchair analysts warn of a Japan-led global debt spiral — suggests concerns are resonating far beyond institutional desks.
Here’s a quick explainer.
Japan’s 30- and 40-year bond yields have recently soared to record highs (3.2% and 3.5%, respectively) after years of being stuck near zero. It’s a jarring move for a country where the official policy rate, per the Bank of Japan, is around 0.5%. Auctions are failing, with long-dated debt buyers stepping aside even as supply remains strong.
What’s more, insurers are reeling. Four major Japanese life insurers reported $60 billion in paper losses last quarter, quadruple last year’s total. Nippon Life alone saw $25 billion in unrealized losses.
With debt-to-GDP at 260% and the Bank of Japan already owning more than half of outstanding Japanese government bonds, the country’s leadershop boxed in. The BOJ is no longer stepping in to buy more.
Inflation is up while real wages are down and GDP is shrinking. That leaves Japan trapped between raising rates and risking recession, or holding steady and letting inflation and yields run even hotter.
Like Japan, the U.S. is flooding the market with long-term debt at just the moment buyers are growing fatigued and wary. Last week, low-demand Treasury auctions and a Trump-backed, deficit-swelling tax bill pushed 30-year yields above 5% and 10-year yields past 4.5%.
Story Continues
While yields have since dipped, the ******* problem of too much supply and not enough demand remains. And if Japan can’t sustain confidence even after decades of ultra-loose policy, it raises urgent questions about how other governments plan to survive their own reckoning.
For the latest news, Facebook, Twitter and Instagram.
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