Australia cashes in on beef exports as US cattle herd shrinks

"Demand out of the U.S. export market is driving the prices up in abattoirs, which then drives the market up for cattle." A slump in U.S. beef production has opened the door for Australia to export record amounts of meat, growing its market share in North America and Asia and channelling billions of dollars to cattle processors and farmers. Australia and the United States are among the world's largest beef exporters.

Intel China responds to accusations of security issues from Chinese cyber association

Intel's China unit said on Thursday it has always prioritised product safety and quality, after an influential Chinese cybersecurity association called for a security review of the U.S. chipmaker's products sold in China. "We will maintain communication with the relevant authorities, clarify any concerns, and reaffirm our commitment to product safety and quality," the company said in a statement on its official WeChat account. A security review from China's cyberspace regulator could hit Intel's sales in China, which generated over a quarter of the company's revenues last year.

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  Chinese cyber association calls for review of Intel products sold in China

  Reuters
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  China Industry Group Reportedly Says Intel Has 'Constantly Harmed' National Security

  Investopedia

Los Angeles Archdiocese agrees to pay $880 million to settle sexual abuse claims

The Roman Catholic Archdiocese of Los Angeles has agreed to pay $880 million to 1,353 people who say they were sexually abused as children by clergy.

Hansa Biopharma Reports Third Quarter and Interim January - September 2024 Financial Results

Hansa Biopharma today announced its interim report for January-September and third quarter 2024 financial results.

Stock market today: Asian shares are mostly higher after strong earnings boost stocks on Wall St

Shares mostly advanced in Asia on Thursday after U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies. Chinese markets gained after officials in Beijing announced the government was expanding financing for housing projects to try to turn around a slump in the property market triggered by a crackdown on excessive borrowing by developers. In Hong Kong, the Hang Seng index gained 0.9% to 20,460.86, while the Shanghai Composite index was up 0.1% at 3,205.95.

Those who invested in Hyphens Pharma International (Catalist:1J5) five years ago are up 92%

Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...

Nokia Q3 profit beats expectation, sees signs of recovery

Finnish telecom equipment supplier Nokia on Thursday reported a 9% rise in third-quarter operating profit, and echoed rival Ericsson in seeing demand recovery in some areas. "I am optimistic we are now turning the corner in many parts of our business, even if some continue to experience market weakness," Chief Executive Officer Pekka Lundmark said in a statement. Nokia maintained its full-year outlook and said it expects a significant acceleration in growth in the fourth quarter in its network Infrastructure business.