"Frasers, a Singapore-based property firm led by billionaire Fraser Group, has reported a surge in earnings. According to recent financial statements, the company's profits have increased due to growth in its real estate and hospitality sectors. This development is attributed to the firm's diversified business portfolio and strong market performance."
Source: https://www.bloomberg.com/news/articles/2024-11-13/billionaire-s-singapore-property-firm-frasers-sees-earnings-jump
The Oklahoma City Thunder unveiled their 2024-25 City Edition uniforms, marking the seventh consecutive year for the NBA team's unique community-driven jerseys. The design reflects the city's evolving landscape, growth, and momentum, featuring a vibrant color scheme and custom-made elements representing Oklahoma's energy and optimistic art. Fans can purchase City Edition merchandise to match the team.
Source: https://www.forbes.com/sites/nicholascrain/2024/11/12/okc-thunder-unveils-2024-25-city-edition-uniforms/
**
Russian forces have reportedly captured a Ukrainian M-2 Bradley infantry fighting vehicle and are using it against Ukrainian troops. The Russians modified the vehicle with a camouflaged cage for protection from explosive drones. It is unclear how long the Russians can maintain the Bradley, which was donated to Ukraine by the US government.
**
Source: https://www.forbes.com/sites/davidaxe/2024/11/12/a-russian-brigade-is-riding-a-captured-m-2-bradley-into-battle/
** Trump's potential antitrust enforcers may continue scrutiny of Big Tech, citing concerns over market dominance and consumer protection. The focus remains on ensuring fair competition and safeguarding consumer interests.
**
Source: https://www.ft.com/content/4826f5c8-52d3-4ff5-9599-a327d849ff81
US President Trump has appointed real estate investor Steve Witkoff as a special envoy to the Middle East. Witkoff will focus on promoting economic growth and job creation in the region.
Source: https://www.ft.com/content/679bd348-a441-46a3-ac54-8f3c2f767459
Bitcoin prices have surged to all-time highs following President Trump's re-election. The cryptocurrency has seen a significant increase in value, with its price reaching fresh records. Market analysts attribute the surge to investor enthusiasm and increased speculation surrounding the impact of Trump's presidency on global markets.
Source: https://www.bloomberg.com/news/articles/2024-11-12/will-bitcoin-hit-100k-crypto-hits-fresh-records-on-trump-s-win
Amazon's marketplace is witnessing a significant spending disparity between small and big brands. According to e-commerce analytics firm SmartScout, third-party sellers (smaller brands) are spending 127% more on Amazon Sponsored Products ads than first-party brands (established names). This gap is even more pronounced in other ad formats, with third-party sellers spending up to three times as much as first-party brands. The competition is intense, and smaller brands must invest heavily in advertising to gain visibility.
Source: https://www.forbes.com/sites/kirimasters/2024/11/12/small-brands-spend-three-times-more-on-amazon-ads-than-big-brands/
**
Samantha Harvey's novel "Orbital" wins the 2024 Booker Prize for fiction, marking her first win and the second-shortest book to receive the award. The judges praised the book as a "beautiful and miraculous" meditation on humanity and Earth from space. Harvey was previously longlisted for the prize.
**
Source: https://www.ft.com/content/0d44ec8d-bc4f-4142-bc37-69917c6b64b7
"Elon Musk has reportedly become the first "friend" in a podcast, marking an unusual achievement for the entrepreneur. The news comes as part of a Bloomberg article discussing his recent interactions with media outlets. For more information on this story, please visit the provided URL."
Source: https://www.bloomberg.com/news/articles/2024-11-12/podcast-elon-musk-becomes-the-first-friend
**Ukraine-Russia Conflict Escalates in Kursk**
Fighting intensifies in Ukraine's Kursk Oblast, with Ukrainian troops reportedly destroying three Russian battalions' worth of equipment over six days. According to reports, 77 Russian armored vehicles have been destroyed along the northwestern edge of a 250-square-mile salient occupied by Ukrainian forces. This is part of a larger conflict, where Ukraine has reported record single-day losses of 1,950 Russian troops and 104 destroyed armored vehicles.
**Background:**
The ongoing battle in Kursk accounts for a disproportionate share of these losses, with fighting at least twice as intense as other sectors. Russia's wider war on Ukraine spans an 800-mile front line, and the Kremlin has rebuilt several regiments and brigades with fresh vehicles and reinforcements from North Korea.
**Perspectives:**
Ukrainian officials claim that Russian forces are pushing to capture territory due to resource shortages, economic struggles, and a perceived vulnerability in Ukraine. Analyst Andrew Perpetua suggests that these motivations may also be driven by Russia's view of the United States as "utterly impotent."
Source: https://www.forbes.com/sites/davidaxe/2024/11/12/ukrainian-troops-destroyed-three-russian-battalions-in-six-days-in-kursk/
US President Trump's cabinet picks suggest a tougher stance on China, amid rising tensions between the two nations. The new administration has nominated officials with experience in trade and security issues related to Beijing.
Source: https://www.ft.com/content/f036e577-7a52-4dd8-a3dc-7124f7613bce
** Transition Talk Continues: Who Might Fill America's Treasury Secretary Role?
The US Treasury Secretary position remains a topic of discussion, with various individuals reportedly in consideration. These include business leaders such as Jamie Dimon and Jay Clayton, who have previously held key roles. The nomination process is ongoing, with no official announcement made.
**
Source: https://www.economist.com/finance-and-economics/2024/11/12/what-does-americas-next-treasury-secretary-believe
"Bloomberg video reports on potential impact of Trump tariffs on farmers, citing possible trade disruptions and economic effects. Farmers' organizations have expressed concerns about tariff-related losses, while some analysts suggest alternative markets could offset declines."
Source: https://www.bloomberg.com/news/videos/2024-11-12/how-trump-tariffs-could-impact-farmers-video
Tropicana Field, home of the Tampa Bay Rays, faces a uncertain future after Hurricane Milton damaged the stadium beyond repairability for the 2025 season. A report from the City of St. Petersburg estimates repairs at $55.7 million and completion in 2026, but the city's insurance claim may not cover costs due to a $22 million deductible.
The Rays had planned to build a new $1.3 billion stadium by 2028, but funding is now in question due to pressing municipal needs from hurricane damage. The team has explored alternative spring training ballparks, but the future of both Tropicana Field and the new venue remains uncertain.
Source: https://www.forbes.com/sites/timnewcomb/2024/11/12/report-says-tropicana-field-unplayable-in-2025/
**Crypto Market Surges Following US Presidential Election Results**
The price of Bitcoin has seen a significant surge, jumping by 10% on election night and hitting a record high of $89,000. This increase follows the victory of Donald Trump in the US presidential election. The cryptocurrency market has also seen a 45% rise since mid-October.
Source: https://www.economist.com/finance-and-economics/2024/11/12/why-crypto-mania-is-reaching-new-heights
Canada Post workers are preparing for a potential strike ahead of the holiday shopping season, citing concerns over wages and working conditions. The union representing postal workers has been negotiating with management, but no agreement has been reached. A strike could impact mail delivery and online shopping, particularly during peak seasons.
Source: https://www.bloomberg.com/news/articles/2024-11-12/canada-post-workers-gear-up-for-strike-ahead-of-shopping-season
China's government has urged for "constructive dialogue" on climate change during Donald Trump's presidency. This move comes as the US is reevaluating its environmental policies and China seeks a global leadership role in addressing the issue.
Source: https://www.ft.com/content/f2634ee9-7e4e-440d-a5ca-ef8bc56e8751
The US dollar has reached a two-year high, according to recent economic data. This development has sparked interest and discussion among financial advisors, including those affiliated with former President Donald Trump. The market's response is being monitored closely for potential implications on international trade and investment.
Source: https://www.bloomberg.com/news/audio/2024-11-12/dollar-hits-two-year-high-trump-advisors-back-bissent-more
Germany's Olaf Scholz agrees to early election, marking a significant shift in the country's political landscape. The move comes amid rising pressure from within his own party and opposition groups. Key details include:
* Chancellor Scholz's decision to hold an early election
* Potential impact on Germany's economic and social policies
* Rising tensions between government parties and opposition
Source: https://www.bloomberg.com/news/newsletters/2024-11-12/germany-s-olaf-scholz-agrees-to-early-election
"US President Trump reportedly plans to impose tariffs on EU trade partners, potentially straining transatlantic relations. The move aims to protect American industries, but could also lead to retaliatory measures from the EU."
Source: https://www.ft.com/content/fbe717e1-d5ea-4de3-8db8-1bf264dd332a
The Chicago Bears have made a change in their coaching staff, firing offensive coordinator Shane Waldron and replacing him with Thomas Brown. This move comes after the team's three-game losing streak, which has affected quarterback Caleb Williams' performance. Despite surrounding Williams with experienced players like D.J. Moore and Keenan Allen, issues with the offensive line have hindered the team's progress.
Williams, a rookie quarterback, has been sacked an NFL-high 38 times this season, including nine against the New England Patriots last Sunday. The Bears face a challenging schedule ahead, with upcoming games against NFC North opponents that may impact their playoff chances.
Thomas Brown, who previously worked as Carolina's offensive coordinator and under Sean McVay in Los Angeles, will aim to improve Williams' performance and address the team's pass protection issues. However, the outcome of these changes remains uncertain, and it is unclear whether head coach Matt Eberflus' job security will be affected by the team's continued struggles.
Source: https://www.forbes.com/sites/philrogers/2024/11/12/bears-change-offensive-coordinators-as-caleb-williams-struggles/
"US and EU credit markets are experiencing divergent trends ahead of elections and rate cuts. The US is witnessing higher borrowing costs, while the EU's borrowing rates remain relatively stable. This discrepancy could lead to a credit crunch, impacting businesses and individuals seeking loans. Market analysts are closely monitoring these developments as they may influence economic growth and monetary policies."
Source: https://www.bloomberg.com/news/audio/2024-11-12/us-vs-eu-credit-gaps-on-election-and-rate-cuts-credit-crunch
** A new sustainability tool, Fields of Change, has been launched by Football For Future, Common Goal, and Adidas to help sports organizations integrate environmental sustainability into their work. The handbook provides practical tools and guidance on sustainability in sport, using examples from a year-long collaboration with grassroots organizations from climate-vulnerable regions.
**
Source: https://www.forbes.com/sites/vitascarosella/2024/11/12/the-new-sustainability-tool-to-climate-proof-your-sports-organization/
**
Ja'Marr Chase's outstanding performance against the Baltimore Ravens has solidified his position as one of the top receivers in the NFL. With 11 receptions, 264 yards, and three touchdowns, he now leads the league in several categories. As he approaches free agency at the end of the season, the Bengals will need to consider a significant contract extension to retain him. The team has shown an ability to allocate funds for high-profile signings, but the decision ultimately depends on their chances of turning around their season.
**
Source: https://www.forbes.com/sites/tylersmall/2024/11/12/how-much-more-money-did-jamarr-chase-earn-himself-thursday-night/
** Celtic Manager Elena Sadiku Advocates for More Female Coaches in Women's Champions League
Elena Sadiku, manager of Celtic FC Women, is calling for more female coaches in the UEFA Women's Champions League. As one of the youngest-ever female coaches to lead a team into the group stage, Sadiku praised Sonia Bompastor, Chelsea's manager, as a role model. With only four female head coaches in the competition this season, Sadiku hopes to see more women leading teams and promoting diversity in football.
**
Source: https://www.forbes.com/sites/asifburhan/2024/11/12/elena-sadiku-calls-for-more-female-coaches-in-womens-champions-league/
** Online grocery prices see first decline in four years, but overall retail sales growth remains uncertain. According to Adobe's Digital Price Index, online grocery prices decreased by 0.1% year-over-year in October, marking the first drop since January 2020. This change may give consumers more disposable income for holiday gifts, but forecasts for overall holiday spending remain moderate.
**
Source: https://www.forbes.com/sites/joanverdon/2024/11/12/online-grocery-prices-down-in-october-first-drop-in-four-years/
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