Biden Criticizes Putin; Mourns Navalny’s Death President Joe Biden of the United States made headlines today by denouncing Russian President Vladimir Putin as a “crazy brat.” Biden’s remarks came in response to criticism from former President Donald Trump, who likened himself to Putin’s political rival, the late Alexei Navalny. Navalny, a prominent opposition figure, recently passed away, prompting international scrutiny and condemnation.
Israeli Airstrikes Kill Dozens in Gaza Residents of Rafah in the southern Gaza Strip have reported heavy airstrikes conducted by Israel, resulting in the deaths of over a dozen members of a single family. The Ministry of Health confirmed that since the beginning of the Israeli-Hamas conflict, a staggering 29,313 individuals have lost their lives in Gaza.
Nvidia Reports Surging Profits In positive financial news, major U.S. chipmaker Nvidia announced record profits and revenue for the fourth quarter of fiscal year 2024, surpassing expectations. The company expressed confidence in future earnings, citing robust performance and market conditions.
Iran Delivers Ballistic Missiles to Russia In a significant development, Iran has delivered approximately 400 potent surface-to-surface ballistic missiles to Russia, bolstering military cooperation between the two nations. Both Iran and Russia are subject to sanctions imposed by the United States, heightening international scrutiny and concern.
China Imposes Stock Market Restrictions The China Securities and Exchange Commission (CSRC) has implemented stringent measures banning major institutional investors from selling stocks during market opening and closing times. This move represents the Chinese government’s latest effort to revitalize the country’s $8.6 trillion stock market.
Medical Trainee Strike Impacts South Korean Hospitals Major hospitals in Seoul and other areas of South Korea are grappling with patient accommodation challenges as thousands of medical trainees continue their strike for the third consecutive day. The strike opposes plans to admit an additional 2,000 medical students next year to address the country’s doctor shortage.
Fed Signals Caution on Interest Rates The U.S. Federal Reserve (Fed) released minutes from its January 30-31 meeting, indicating a cautious approach to interest rate cuts. While there is no immediate rush to reduce rates, concerns persist among Fed directors regarding potential risks associated with abrupt rate adjustments.
Boeing Shuffles 737 MAX Program Leadership Boeing Co. has announced the replacement of the manager overseeing its 737 MAX program, following safety concerns raised after a door panel detachment incident involving an Alaska Airlines aircraft. The move comes amid increased scrutiny and temporary suspensions of Boeing 737 MAX 9 operations.
Google Expands Smartphone Production in India Google, a leading U.S. search engine company, has instructed suppliers to commence Pixel smartphone production in India as early as the second quarter of this year. This strategic move underscores Google’s commitment to diversifying its supply chain and tapping into India’s burgeoning smartphone market.
Delivery Hero Halts Foodpanda Sale Negotiations German online food delivery company Delivery Hero, parent company of Foodpanda, has announced the cessation of negotiations to sell the Foodpanda business in select ASEAN countries. Despite months of discussions, an agreement could not be reached between Delivery Hero and potential buyers.