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Thursday, April 25, 2024

Morning News, 4-12-15

From Bloomberg:

Cuban President Castro & U.S. President Obama

Obama Says U.S., Cuba on Path to Future After Meeting Castro

President Barack Obama, after “obviously a historic meeting” with Cuban President Raul Castro, said Saturday the two nations are on a path to the future.

“Over the years a lot of mistrust has developed,” Obama said following the first meeting of the two men since they agreed in December to end a half-century of estrangement. “We are now in a position to move on a path to the future.” (Continue reading)

Stimulus-Fed Rally Back On as Global Stocks Top $70 Trillion Inside A Securities Brokerage In Hong Kong

Stocks rose in the U.S. this week while they soared in Europe and Asia, eclipsing milestones from Hong Kong to Frankfurt as central bank stimulus pushed the value of global equities above $70 trillion. (More)

Israeli Drone Maker Has $6 Billion Backlog and a Red-Hot Stock Preparations At Changi Exhibition Center Ahead Of The SIngapore Airshow

U.S. military spending may be flat, but that’s not proving to be much of a problem for Israeli defense company Elbit Systems Ltd.

That’s because the company, while long dependent on the U.S. for much of its sales, has been shifting its focus to faster growing markets in Asia and Latin America. Elbit said last month that demand from those regions helped push up its backlog of orders to $6.3 billion at year-end, an 8 percent jump from 2013. The stock has rallied 13 percent since, touching a record $74.55 in New York on April 7. (Full article)

Amazon Drones Could Deliver Packages for Just $1, Study Suggests Amazon Testing Drones for Delivery, Bezos Tells ‘60 Minutes’

Amazon.com Inc.’s proposed use of drones could drive down the cost to deliver small packages crosstown to about $1 — a fraction of existing same-day delivery options, according to a study by a financial research company. (More)

Around the web:

China just revealed a terrifying new cyberweapon (Editorial Board, The Washington Post, via Business Insider)

China's determination to censor information inside the country is exemplified by the world's largest digital cordon, known as the Great Firewall.

People who try to gain access to Facebook in China, or search for terms considered a threat by the Communist Party, get screens saying their request or search has been "reset" or get nothing at all. All this is powered by a massive computer system.

The Great Firewall reflects the fear of China's rulers that information could undermine their monopoly on power. It also has isolated hundreds of millions of Chinese people from the world beyond.

Read more.

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