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Elon Musk Says Apple is ‘Fully’ Advertising on Twitter Again

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Elon Musk Says Apple is 'Fully' Advertising on Twitter Again
Elon Musk Says Apple is 'Fully' Advertising on Twitter Again (Image: Bloomberg)
  • By targeting Apple, Musk risked war with the world’s most valuable company and a major advertiser at a time when other companies were pulling their marketing away from Twitter.
Elon Musk Says Apple is 'Fully' Advertising on Twitter Again
Elon Musk Says Apple is ‘Fully’ Advertising on Twitter Again (Image: Bloomberg)

Elon Musk said Apple Inc. has “fully resumed” advertising on Twitter Inc., further reducing a war between two of the world’s most influential tech companies.

Musk made the comments during a Twitter Spaces conversation on Saturday, adding that Apple is the biggest advertiser on the social network.

The billionaire, who gave no further details about Apple, spoke for more than two hours from his private plane during the talk, which had more than 90,000 listeners. Apple did not immediately respond to a request for comment.

Musk criticized Apple last week, accusing the maker of iPhones and Mac computers of mainly stopping advertising on Twitter and threatening to take the site away from its App Store.

By targeting Apple, Musk risked war with the world’s most valuable company and a major advertiser at a time when other companies were pulling their marketing away from Twitter.

Musk criticized Apple last week, accusing the maker of iPhones and Mac computers of mainly stopping advertising on Twitter and threatening to take the site away from its App Store.

By targeting Apple, Musk risked war with the world’s most valuable company and major advertisers at a time when other companies were pulling their marketing away from Twitter.

Following his barrage of attacks on Apple, Musk met with Apple CEO Tim Cook and said the two had a “good conversation” and “resolved the misunderstanding about the possibility of Twitter being removed from the App Store.” Musk said Cook was “clear Apple never considered doing so.”

Since Musk’s acquisition, a number of companies have suspended advertising on Twitter, including General Mills Inc. and Pfizer Inc., following uncertainty over whether the platform will review its policies to combat hate speech and misinformation. On Saturday, Musk posted a tweet thanking advertisers for returning to Twitter.

Twitter’s new approach to verifying accounts had also allowed trolls to pose as big brands. Musk said he hopes to revive the company’s verification program in the next week after it has been halted to deal with imposters.

Source: Bloomberg

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Iran Says More Than 200 Killed in Country’s Ongoing Unrest

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Iran Says More Than 200 Killed in Country's Ongoing Unrest
Iran Says More Than 200 Killed in Country's Ongoing Unrest (Image: WANA via Reuters)
  • The state security council of Iran’s Interior Ministry provides its first death toll linked to months-long anti-government protests.
Iran Says More Than 200 Killed in Country's Ongoing Unrest
Iran Says More Than 200 Killed in Country’s Ongoing Unrest (Image: WANA via Reuters)

Tehran, Iran – A security body in Iran has provided its first official assessment of ongoing unrest across the country, saying more than 200 people have been killed since September.

In a statement released Saturday, the Iranian Interior Ministry’s state Security Council provided the first death toll it said came as a result of “unrest.”

He said the dead included security forces, those killed in “terrorist acts,” those killed by foreign-affiliated groups and framed as killed by the state, “rioters” and “anti-revolutionary armed elements who were members of secessionist groups.”

The security body also cited “innocent people who have died in conditions of disordered security,” but did not disclose how they were killed.

The announcement comes days after Amir Ali Hajizadeh, a senior general in the Islamic Revolutionary Guard Corps (IRGC), said more than 300 people have been “martyred and killed” during the unrest.

The figures are lower than those provided by several foreign-based rights organizations, which put the death toll at more than 400.

Protests erupted across Iran shortly after the Sept. 16 death of Mahsa Amini, a 22-year-old woman who was arrested by the country’s “moral police” in Tehran for allegedly violating a mandatory dress code.

Iranian authorities have accused the United States, Israel, the United Kingdom, and Saudi Arabia of being behind the unrest.

Saturday’s security body statement also emphasized the role of foreign intervention in the protests, saying the country has been grappling with a “hybrid war” waged by adversary states and “terrorist” media groups.

“What is being witnessed today by the people is not civil protest, but destruction, violence, and insecurity by a minority of rioters,” he said.

The United Nations has called on Iranian authorities to refrain from using “disproportionate force” in response to the protests and has called for the release of several political prisoners while opposing protest-related death sentences.

Last month, the UN Human Rights Council voted to launch a fact-finding mission to investigate the protests. Tehran condemned it as a “political” effort with which it said it will not cooperate.

Source: AL JAZEERA

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Pakistan Set to Pay $1 Billion Bonds as Default Risk Persists

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Pakistan Set to Pay $1 Billion Bonds as Default Risk Persists
Pakistan Set to Pay $1 Billion Bonds as Default Risk Persists
  • The government is set to make payments on bonds due on Monday.
  • The nation’s long-term bonds trade at difficult levels
Pakistan's long-term bonds are still trading at distressed levels
Pakistan’s long-term bonds are still trading at distressed levels (Image: Bloomberg)

Pakistan will pay a $1 billion bond on Friday, dodging the risk of a short-term default, even as concerns persist about its ability to repay its long-term debt.

The government plans to make payment on Sukuk dollar bonds due Dec. 5, three days before maturity, State Bank of Pakistan Governor Jameel Ahmad said at a briefing last week. Bonds have rallied to 97.90 cents on the dollar, near the face value of 100, after falling to 81.86 cents in October.

While Pakistan is expected to meet its short-term debt obligations, its long-term bonds are still trading at difficult levels as investors worry about their ability to emerge from a crisis. Moody’s Investors Service and Fitch Ratings downgraded the nation’s rating to the trash in October after devastating floods jeopardized its fiscal health.

Talks with the International Monetary Fund for the next tranche of about $600 million have also been delayed as the nation assesses how much reconstruction will cost. Pakistan needs to pay about $25 billion in the year that began in July, though most of it has been extended or paid, Jameel said.

Source: Bloomberg

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US Targets New Sanctions to Counter North Korean Threats

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US Targets New Sanctions to Counter North Korean Threats
US Targets New Sanctions to Counter North Korean Threats (Kim Jae-Hwan/SOPA Images/LightRocket/Getty Images)
  • Washington strengthens military ties with Japan and South Korea
  • Pyongyang has fired a record number of missiles this year
US Targets New Sanctions to Counter North Korean Threats
US Targets New Sanctions to Counter North Korean Threats (Kim Jae-Hwan/SOPA Images/LightRocket/Getty Images)

The United States says it is working on additional sanctions against North Korea as it struggles to find ways to pressure the regime back to the negotiating table amid resistance from China and Russia.

“We have a new set of sanctions measures being put forward as we speak,” National Security Council adviser Jake Sullivan said at a CSIS forum on Wednesday, adding that the United States would bolster military and intelligence cooperation with Japan and South Korea. He did not elaborate on the scope of the new measures.

North Korea is already one of the most sanctioned countries in the world. It is unclear what is left for the United States and its allies. Other measures, such as cracking down on Chinese financial institutions suspected of doing business with the country, could risk a wider confrontation between Washington and Beijing.

The sanctions regime, which, among other things, includes a cap on fuel imports and limits on foreign income, has also shown cracks. North Korea was on track to exceed its limit of 500,000 barrels of annual imports this year, according to an Expert Panel report released in September.

North Korea has been ramping up provocations for months, firing a record number of missiles this year. Last month it tested a suspected intercontinental ballistic missile with an estimated range long enough to carry a warhead to the U.S. mainland, underscoring the challenges U.S. President Joe Biden faces in trying to tame Kim Jong Un’s nuclear ambitions. Washington, Tokyo, and Seoul have promised a coordinated response if Pyongyang detonates an atomic device, in defiance of United Nations resolutions.

Kim is finding room to escalate tensions as the United States and its allies focus on Russia’s war in Ukraine. Russia and China, two longtime partners of North Korea, have veto power in the UN Security Council and have shown no intention of punishing Kim with additional sanctions. They played a critical role in passing such measures five years ago after Kim’s last atomic test.

Closer military cooperation with Japan and South Korea would include updating the “alliance software we have in the region” and “hardware-related steps,” Sullivan said, declining to elaborate. The three countries have held intensive consultations on the matter at the leadership level, he said.

Both Japan and South Korea are trying to bolster their defenses amid the growing threat from North Korea and simmering tensions over Taiwan.

Sullivan stressed that the United States continued to offer an olive branch to North Korea in an attempt to calm the situation.

“We have made it clear in public and private communications that we have no hostile intentions towards the DPRK,” Sullivan added. “And yet, to date, Pyongyang has completely rejected this sincere outreach.”

Source: Bloomberg

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China’s BYD to Launch Electric Vehicles in Mexico Next Year

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China's BYD to Launch Electric Vehicles in Mexico Next Year
China's BYD to Launch Electric Vehicles in Mexico Next Year (Image: Kim Kyung-Hoon/Reuters)
  • The world’s largest electric vehicle maker by sales says it aims to sell 10,000 vehicles in Mexico by 2023.
China's BYD to Launch Electric Vehicles in Mexico Next Year
China’s BYD to Launch Electric Vehicles in Mexico Next Year (Image: Kim Kyung-Hoon/Reuters)

Chinese electric vehicle maker BYD announced it will launch its cars in Mexico next year, with a senior executive setting its sales target at up to 30,000 vehicles by 2024.

Next year, BYD will start selling all-electric versions of its Tang sport utility vehicle (SUV) alongside its Han sedan through eight dealerships across Mexico, the company’s country chief, Zhou Zou, told Reuters ahead of the announcement.

The world’s largest electric vehicle maker by sales expects to sell 10,000 vehicles in Mexico in 2023 and between 20,000 and 30,000 in 2024, Zou said, adding that the firm’s long-term goal is to reach about 10 percent of the total market share. Warren Buffett’s Berkshire Hathaway still has a stake in BYD having sold some of its Hong Kong-listed shares in recent months.

According to Mexico’s Automotive Industry Association, only 4.5 percent of cars sold in the first eight months of this year were hybrids or about 31,000 of nearly 693,000 sold in total.

While BYD declined to name the initial prices of its vehicles in Mexico, Zou emphasized the company’s affordability, saying, “We are the brand for everyone.”

In September, BYD had set pre-sale prices for its Tanga and Han models at 72,000 euros ($72,500) in Europe. According to Mexico’s statistics agency, few people in the country earn more than $10,000 a year.

BYD’s Zou also said the company aimed to sell cars through 15 licensed dealerships in Mexico by the end of 2023 and reach 30 by 2024.

Representatives from the eight distributors, which include department store chain Liverpool LIVEPOLC1.MX and more traditional distributors such as Grupo Continental appeared at an event alongside BYD later on Tuesday.

The company’s announcement comes as Mexico, a major auto production hub, seeks to make electric vehicles more affordable by cutting sales taxes and import tariffs, moves Zou said marked a positive step.

In recent months, officials in Mexico have said the country is on track to meet its goal of converting 50 percent of automotive production to electric by 2030.

However, a General Motors executive said this month that Mexico is more likely to reach just 15 percent by 2030 if it doesn’t change course.

Zou said that as U.S. states like California go all-electric, Mexico, which produces a lot of cars for its northern neighbors, will likely follow.

Source: REUTERS

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Toyota’s Production Slow from September’s Record as Challenges Persist

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Toyota's Production Slow from September's Record as Challenges Persist
Toyota's Production Slow from September's Record as Challenges Persist (Image: Bloomberg)
Toyota's Production Slow from September's Record as Challenges Persist
Toyota’s Production Slow from September’s Record as Challenges Persist (Image: Bloomberg)

Toyota Motor Corp. said it produced 771,382 vehicles in October, down from a record 887,733 the previous month, and warned of an uncertain outlook due to shortages of Covid and semiconductors.

Production is up 23% since October 2021, when supply chains were disrupted by the spread of Covid in Southeast Asia, Toyota said in a statement on Tuesday. The world’s largest automaker is now adjusting some production in China, which is still affected by the virus and related restrictions.

Toyota’s global sales also rose 23% year-over-year in October, reaching a total of 832,373 vehicles.

Including subsidiaries Daihatsu Motor Co. and Hino Motors Ltd., production and sales totaled 924,132 and 918,756 vehicles, respectively, Toyota said. 

In early November, the company lowered its global target for the fiscal year through March and remained on a conservative earnings outlook.

Toyota shares fell 1.1% on Tuesday in Tokyo. They are down 4.5% this year.

Source: Bloomberg

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China’s Markets Fall as Covid Protests Make Investors Nervous

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China's Markets Fall as Covid Protests Make Investors Nervous
China's Markets Fall as Covid Protests Make Investors Nervous (Image: Bloomberg)
  • Goldman sees a possibility of an early and disorderly exit from Covid Zero
  • Stocks and Yuan fall amid concerns about social unrest and crackdown
China's Markets Fall as Covid Protests Make Investors Nervous
China’s Markets Fall as Covid Protests Make Investors Nervous (Image: Bloomberg)

Chinese assets plunged on Monday as a sense of chaos and uncertainty gripped traders after growing protests against Covid restrictions complicated the nation’s path to reopening.

The Hang Seng China Enterprises Index fell more than 2% in afternoon trading, with technology and real estate stocks leading the decline. The onshore Yuan weakened 0.6% against the dollar, having fallen more than 1% at the open, the most since May.

Protests spread over the weekend as citizens in major cities, including Beijing and Shanghai, took to the streets to express their anger over the nation’s Covid controls. The rare show of defiance is raising the threat of a government crackdown, prompting investors to reconsider their bets after jumping back to reopening hopes.

“We could see some risk reduction in Chinese markets,” said Chris Weston, head of research at Pepperstone Group Ltd. “We’re seeing some outflows from the offshore Yuan, which I think is a good indication of how Chinese markets can do.”

Economists at Goldman Sachs Group Inc. said they see some possibility of a “disorderly” exit from Covid Zero in China, as the central government will soon have to choose between more lockdowns and more Covid outbreaks.

Reopening of Stocks

The reopening of stocks, including airlines and restaurants, proved relatively resilient in Monday’s sell-off, with Haidilao International Holding Ltd. posting gains.

The moves underscore a mixed response among traders, as some put aside social unrest and focus more on the eventual exit from Covid Zero. Some market watchers are betting that the growing protests may even accelerate an easing of restrictions.

“The protests create uncertainty, but the fate of the opening has been set since the party congress,” said Robert Mumford, investment manager at GAM Hong Kong Ltd. “One suspects that this kind of public pressure could encourage a faster pace of opening, which would be positive, but it remains to be seen how the authorities react to recent events.”

Assets rallied in November as directives for a less restrictive pandemic approach, coupled with strong support for the real estate sector, gave investors confidence that the worst is behind us.

A growing number of Wall Street players had become optimistic about China following Beijing’s policy steps to prop up the economy. On Friday, the People’s Bank of China cut the reserve requirement ratio for the second time this year.

The demonstration has faded in recent days as authorities grapple with a record number of Covid cases.

Hong Kong’s Hang Seng Index fell 2.3% as of 1:30 p.m. local time, while a separate gauge of Chinese tech stocks fell 3%, having fallen more than 5% earlier. On the continent, the CSI 300 index declined by 1.8%.

Foreign investors were net sellers of 6 billion Yuan ($833 million) of onshore shares so far in Monday’s session through trade ties to Hong Kong.

China’s credit markets fell at Monday’s open, as spreads on investment-grade dollar notes on Treasuries widened as much as 10 basis points, according to credit traders. Dollar bonds of some Chinese real estate firms, including Country Garden Holdings Co. and Longfor Group Holdings Ltd., break a three-day rally.

“Assuming Covid policy doesn’t change much, and we can’t rule out the risk of it getting tougher, the government will likely inject more liquidity to cool bond yields,” said Gary Ng, senior economist at Natixis SA in Hong Kong. “However, this will not be enough to calm the market.”

Source: Bloomberg

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Putin Calls for International Agreements Based on Blockchain and Digital Currencies

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Putin Calls for International Agreements Based on Blockchain and Digital Currencies
Putin Calls for International Agreements Based on Blockchain and Digital Currencies
Putin Calls for International Agreements Based on Blockchain and Digital Currencies
Putin Calls for International Agreements Based on Blockchain and Digital Currencies

Russian President Vladimir Putin believes a new system for international money transfers is needed to reduce dependence on big banks and third parties. He is convinced that cross-border payments that rely on digital currency and distributed ledger technology will be “much more convenient.”

Russian President Vladimir Putin has called for the establishment of a new system for international agreements, independent of banks and third-party interference. It can be created using digital currency technologies and distributed ledgers, the Russian leader was quoted as saying by local media.

Putin spoke during a conference dedicated to artificial intelligence and organized by Russia’s largest lender, Sberbank. During his speech, he stressed that financial flows and payments between nations are currently under threat amid tense relations between Russia and the West.

“We all know very well that under today’s illegitimate restrictions, one of the lines of attack is through the settlements. And our financial institutions know this better than anyone else because they are exposed to these practices,” the president explained.

Vladimir Putin was referring to sanctions imposed on the Russian Federation over its invasion of neighboring Ukraine, which have severely limited its access to global finance and markets. According to a report by Prime news agency, he also noted:

“Today, the system of international payments is expensive, with correspondent accounts and regulations controlled by a small club of states and financial groups.”

“Based on the technologies of digital currencies and distributed ledgers, it is possible to create a new system for international payments, and much more convenient, but at the same time completely safe for participants and completely independent of banks and interference from third countries,” Putin explained, also quoted by crypto news outlets RBC Crypto and Bits. Middle.

Russia has been mulling comprehensive crypto regulations in recent months, with growing support for the legalization of cross-border crypto payments. In September, Moscow’s financial authorities began developing a mechanism for international cryptocurrency settlements. A report recently revealed that Russia and Cuba, both under sanctions, are already discussing the matter.

Source: Bitcoin

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Qatar Football Must Not Be Branded a Failure Said by Coach Sanchez

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Qatar Football Must Not Be Branded a Failure Said by Coach Sanchez
Qatar Football Must Not Be Branded a Failure Said by Coach Sanchez (Image: Sorin Furcoi/Al Jazeera)
  • The hosts become the first team to be eliminated from the World Cup after losing their second match.
Qatar Football Must Not Be Branded a Failure Said by Coach Sanchez
Qatar Football Must Not Be Branded a Failure Said by Coach Sanchez (Image: Sorin Furcoi/Al Jazeera)

Qatar coach Felix Sanchez said his team should not be called a “failure and disappointment” after losing their second group match against Senegal, a result that eliminated the World Cup hosts from the tournament.

After losing their first match to Ecuador, Qatar finally managed to score a goal in the tournament, but fell 3-1 to the African team, leaving them at the bottom of Group A without points.

Qatar is the current Asian champion but is playing its first World Cup.

“I think we played a good game. When you come here you need to know where you come from [as a country]. Whether this is a failure and a disappointment depends on expectations” Sanchez told reporters on Saturday.

“Our goal was to be competitive… We have been working for so many months to be able to give a good performance. But sometimes the match doesn’t go as you expect. It also depends on the performance of the opponents. We don’t play at our highest level. We were competitive but we didn’t improve.”

Qatar fans celebrate after their team scored its first goal against Senegal, Al Thumama Stadium in Doha, Qatar
Qatar fans celebrate after their team scored its first goal against Senegal, Al Thumama Stadium in Doha, Qatar (Image: Sorin Furcoi/Al Jazeera)

With a final match against the group favorites Netherlands, Qatar is in danger of becoming the first World Cup host not to win a single match.

“We are aware of how tough this competition is. We wanted to go far, but we know we had limitations as a country,” Sanchez added.

“It’s a small country, not a very large population. The local league is not very competitive. It’s our first time at the World Cup. If we can participate again, that would be great. It’s always helpful to get more experience.”

Asked if the team had reached the end of a cycle, Sanchez disagreed but admitted there could be changes when they defend their Asian Cup crown next year.

“We have some young players and more experienced players… Our goal is very clear, we will have a generational change. Some players will leave, some will come,” he said.

“We could have new players at the Asian Cup next year, some players can’t play at their best level for that long, but it’s not the end of a cycle.”

Sanchez added that the early start of the World Cup will not be fatal to the development of the country’s football.

“The World Cup will end, but football will continue here,” said the Spaniard, who led Qatar to the 2019 Asian Cup title. “It’s a football country and they want to continue developing young talent so they can reach the senior team. We can continue to compete within our limitations in Asia.

“By doing that, we will gain more experience and be able to play in more competitions like this.”

Source: NEWS AGENCIES

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Ronaldo History as Portugal Overtakes Ghana at 2022 World Cup

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Ronaldo History as Portugal Overtakes Ghana at 2022 World Cup
Ronaldo History as Portugal Overtakes Ghana at 2022 World Cup
  • DOHA: Cristiano Ronaldo became the first man to score in five World Cups on Thursday when he scored the first goal from the penalty spot in Portugal’s 3-2 win over Ghana.
Ronaldo History as Portugal Overtakes Ghana at 2022 World Cup
Ronaldo History as Portugal Overtakes Ghana at 2022 World Cup

The 37-year-old set the record when he smashed his 65th-minute direct shot at Doha’s 974 Stadium to send Fernando Santos’ side to a victory that put them atop Group ‘H’, two points ahead of Uruguay and South Korea.

Joao Felix and rising star Rafael Leao secured victory after Andre Ayew’s leveller briefly threatened to ruin Ronaldo’s party.

Osman Bukari scored in the last minute for Ghana, but the worst-ranked team of the tournament could not be surprised and sat at the bottom of the group.

Must Read: Ronaldo Vs Messi: The Numbers Compared

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Ronaldo beats Pele and Germany’s Uwe Seeler and Miroslav Klose, who scored in four World Cups, after being brought down by Mohammed Salisu and taking the penalty himself.

Manchester United announced this week that Ronaldo will leave with immediate effect after criticizing the club and manager Erik ten Hag in a television interview, but has shown no signs of tension since the bitter end of his time at Old Trafford.

All the attention before the match was on Ronaldo and if he could break the record and he had the perfect chance to do so in the 10th minute.

Mohammed Kudus gave the ball away carelessly in midfield and Otavio slipped past Ronaldo, only for the once clinical finisher to poorly control the pass and hit Ghanaian goalkeeper Lawrence Ati-Zigi as he tried to push home.

And soon after, Ronaldo headed a deep cross from Raphael Guerreiro from close range, an opportunity that at his best would have been almost guaranteed to score.

He had the ball in the net just after the half-hour mark when he fell into the area but was harshly judged by referee Ismail Elfath for pushing Alexander Djiku before turning and stroking a classy shot.

Ronaldo was Portugal’s only real goal threat against what on paper is the weakest team in Group H, which was backed by an enthusiastic group of supporters who put on more spectacle in the stands than their everyday players initially on the pitch.

Ajax midfielder Kudus made the crowd briefly rise 10 minutes after half-time when he burst forward against an exposed Portuguese defense and unleashed a powerful shot that ultimately went comfortably away from Diogo Costa’s left post.

Ronaldo then crashed into his record-breaking penalty, but as the chorus of cheers and chants of his name began to fade, a previously boring game came to life, Ayew stunned the crowd by touching Kudus’ kickback in the 73rd minute.

However, Felix and Leao ensured Portugal took the points with two beautiful shots in as many minutes, both goals set by Ronaldo’s former teammate Bruno Fernandes.

Bukari then imitated Ronaldo with his goal-scoring celebration after going home completely unmarked, but Portugal held on for a big win on a historic day.

Source: Dawn

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