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HinduBusinessLine
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US Tariffs are stoking job fears in China, Morgan Stanley says
- 44% of Chinese consumers fear job loss due to US tariffs, a survey by Morgan Stanley reveals.
- 39% of respondents express increased concerns about unemployment compared to a year ago.
- Morgan Stanley survey shows low consumer confidence in China's economy, worsened by strict Covid policies.
- Outlook for spending weakens and salary cuts are a concern among Chinese consumers.
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Bloomberg Quint
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Avalon Tech — Tariff Tailwinds, Growing Client Base Boost Growth Outlook: Motilal Oswal, Maintains 'Buy'
- Avalon Tech, an electronics manufacturing services company, is expected to see improved revenue and profitability as its US operations witness a healthy recovery and the Indian business experiences growth, according to Motilal Oswal.
- Avalon has a favorable tariff environment for India, an increase in domestic demand, stable/improving demand from the US, a healthy client mix, and a favorable manufacturing presence compared to its peers.
- With its well-established manufacturing presence in the US, Avalon is uniquely placed in the Indian electronics manufacturing services sector.
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Bworldonline
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National Artist for Film Nora Aunor, 71
- Legendary Filipina actress Nora Aunor, known as the superstar of Philippine cinema, passed away at the age of 71.
- Her son, Kristoffer Ian De Leon, confirmed her death through a heartfelt Facebook post, expressing love and gratitude.
- Nora Aunor was a multi-talented artist, excelling in singing, dancing, and acting, and was praised for breaking barriers as a morena superstar in a mestiza-dominated industry.
- Initially discovered singing at a train station, she rose to fame in 1967 after winning a singing contest and hosting a musical variety show, followed by a successful film debut.
- Throughout her illustrious career, Aunor starred in numerous acclaimed films, earning her a place among the Filipino Academy of Movie Arts and Sciences Awards Hall of Fame.
- Recognized for her exceptional contributions to film and broadcast arts, she was honored as a National Artist in 2022.
- Aside from her acting prowess, Aunor ventured into politics but later withdrew due to health issues.
- Married to actor Christopher De Leon, she leaves behind a legacy of unmatched talent, grace, and passion for her craft, touching the hearts of many.
- Ms. Aunor's passing drew condolences and tributes from peers, fans, and industry organizations, highlighting her enduring impact on Philippine cinema.
- Her iconic presence and artistry have left an indelible mark, ensuring that her star will continue to shine brightly in the hearts of people.
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HinduBusinessLine
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Tea, coffee, tobacco, spices register 16% export growth in FY25
- Tea shipments in FY25 increased by 10.8% to $0.92 billion from $0.83 billion in the previous year.
- Tobacco exports showed an impressive growth of 36.6% to $1.98 billion from $1.45 billion.
- Spices exports witnessed a moderate growth of 4.7% to $4.45 billion in FY25 from $4.25 billion in the previous year.
- Coffee exports surged by 40.3% to $1.81 billion from $1.29 billion in the previous year.
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Guardian
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Temu and Shein drop US ad spending as they face tariffs on even small sales
- Temu and Shein, two online e-tailers, are reducing their spending on US social media advertising due to the loss of tariff exemptions on their shipments from China and Hong Kong.
- As of May 2, sales valued at under $800 will no longer be exempt from US tariffs.
- Both companies plan to increase product prices next week to compensate for the increased costs.
- Temu's ad spending on Facebook, Instagram, TikTok, Snap, X, and YouTube has declined by an average of 31% in the two weeks from March 31 to April 13.
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HinduBusinessLine
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Rupee faces more headwinds from outlook for weaker yuan
- The rupee is facing more headwinds from the outlook for a weaker yuan.
- The relationship between the yuan and the rupee has climbed to the highest level since May 2023.
- The rupee has fallen about 0.3% this month, while the yuan has declined about 0.7%, adding to the competitive pressure on the rupee.
- The Reserve Bank of India may be comfortable with some amount of rupee depreciation to maintain competitiveness if other Asian currencies are also depreciating.
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Bloomberg Quint
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Stocks To Buy: Polycab India, Eicher Motors, Trent, Bharat Dynamics And Patanjali
- Stocks To Buy: Polycab India, Eicher Motors, Trent, Bharat Dynamics And Patanjali
- Polycab India, Eicher Motors, Trent, Bharat Dynamics, and Patanjali Foods are among the stocks with 'buy' calls from analysts on Thursday.
- Among the mentioned stocks, Polycab India is recommended to be bought above Rs 5,300 while Eicher Motors is suggested to be bought at the target price of Rs 5,870.
- Analysts' consensus target prices for Polycab India and Eicher Motors imply potential upsides of 29.1% and 2.3% respectively.
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Bloomberg Quint
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Wipro Q4 Results Review: Tariffs, Macro Uncertainty Drive Poor Q1 Guidance; Motilal Oswal Maintains 'Sell'
- Wipro Q4 FY25 IT Services revenue reported at $2.6 billion, down 0.8% QoQ in constant currency.
- Motilal Oswal cuts FY26E/FY27E EPS estimates by ~4% due to weak Q1 guidance and sustained demand softness.
- Wipro expects further impact in Q1 due to deteriorated client spends, reflected in a soft guidance of 3.5% to 1.5% cc QoQ revenue decline.
- Motilal Oswal maintains 'Sell' with concerns about tariffs and macro uncertainty influencing poor Q1 guidance.
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Bloomberg Quint
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Adani Ports Target Price Hiked By Morgan Stanley On Resilient Business Model
- Morgan Stanley has hiked the target price for Adani Ports to Rs 1,418 from Rs 1,415.
- The raised target price is based on Adani Ports' resilient business model and diversified cargo and geographical mix.
- Morgan Stanley forecasts Adani Ports' volume to grow by 13% in FY26, reaching 510 million tonnes.
- Adani Ports' well-diversified cargo mix and limited direct exposure to the USA contribute to its optimistic growth prospects.
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Bloomberg Quint
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Wipro Q4 Results Review: Price Target Cuts Mount After Q1 FY26 Revenue Guidance Cut
- Wipro's Q4 results showed a rise in net profit to Rs 3,588 crore, exceeding estimates, while the revenue guidance for Q1 FY26 was lowered to a degrowth of -3.5% to -1.5% amid macro uncertainties.
- Following the revenue outlook cut, several brokerages, including Goldman Sachs, CLSA, JPMorgan, and Jefferies, reduced their price targets on Wipro.
- Citi maintained a 'sell' rating on Wipro, citing uncertainties due to tariffs and challenging outlook for fiscal 2026, affecting segments like manufacturing, consumer, BFS, and Europe.
- BofA retained its 'underperform' rating on Wipro, emphasizing that the Q4 revenue and Q1 outlook were below expectations, with a focus on improving market shares in European segments.
- Investec reiterated a 'hold' rating on Wipro, forecasting a revenue decline in fiscal 2026, with healthcare being a major detractor and Europe contributing significantly to the revenue fall.
- Overall, Wipro's performance and outlook have led to price target reductions by various major brokerages, reflecting concerns about the company's growth trajectory in the near term.
- The uncertainties in the macro environment, along with challenges in discretionary spending and revenue declines across sectors, have impacted Wipro's stock outlook, prompting caution among analysts.
- Wipro's cash conversion remained strong, but the company's outlook for fiscal 2026 raises concerns about revenue growth and margin expansion, prompting adjustments in earnings estimates by analysts.
- Despite the positive net profit growth reported in Q4, Wipro's lower revenue guidance for the upcoming quarter has raised concerns among investors and analysts, leading to a reevaluation of price targets.
- The industry-wide uncertainties and challenges have contributed to a cautious sentiment towards Wipro's stock, prompting revisions in target prices and ratings by leading brokerages.
- The forecasted revenue decline, coupled with uncertainties in key segments and regions, has led to a mixed outlook on Wipro's performance, with analysts closely monitoring the company's market positioning and growth strategies.
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HinduBusinessLine
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Are we alone? James Webb telescope finds strongest hints yet of life beyond Earth
- Researchers using the James Webb telescope have detected gases known as DMS and DMDS on the planet K2-18 b, which are generated by living organisms on Earth.
- These gases suggest the possibility of microbial life on the planet, though caution is advised as more observations are needed to confirm.
- The discovery marks a significant moment in the search for extraterrestrial life, indicating the potential detection of biosignatures on habitable planets.
- K2-18 b is located in the habitable zone of a red dwarf star and is larger than Earth, with implications for its potential for sustaining life.
- The James Webb Space Telescope identified methane and carbon dioxide in the planet's atmosphere, hinting at the presence of carbon-based molecules in a habitable zone.
- Scientists are exploring the concept of hycean worlds, hypothesized to support microbial life in warm oceans with a hydrogen-rich atmosphere.
- The detection of DMS and DMDS at high atmospheric concentrations on K2-18 b points toward biological activity, exceeding levels found in Earth's atmosphere.
- Further data analysis and repeat observations are crucial to confirm the potential presence of life on the planet before conclusive claims can be made.
- The ultimate goal is to find evidence of life on an Earth-like exoplanet, prompting cautious optimism in the search for extraterrestrial life.
- While the findings offer exciting possibilities, scientists emphasize the importance of rigorous testing and exploration of alternative explanations.
- The search for alien life remains a focus of scientific inquiry, with ongoing observations and theoretical studies driving the quest for understanding life beyond Earth.
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HinduBusinessLine
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Japan turns to US rice amid soaring domestic prices
- Japanese businesses and consumers are beginning to embrace foreign rice, such as American and Taiwanese blends, amid soaring domestic rice prices, which have surged about 70% over the past year.
- The willingness to shift to foreign rice may loosen restrictions in tariff talks with U.S. President Donald Trump if rice becomes a contentious issue, given Japan's high tariffs on staple grain.
- Supermarkets like Aeon and chains like Matsuya and Colowide have started offering American rice blends to meet the demand for more affordable options in the market.
- Despite historically relying on home-grown rice for most of its staple rice consumption, Japan is now considering expanding imports to stabilize supply from abroad.
- President Trump criticized Japan for high rice tariffs, but discussions on rice in bilateral tariff negotiations remain uncertain, considering the political landscape and agricultural interests in Japan.
- The finance ministry's advisory panel proposed expanding tariff-free imports of staple rice to address supply issues, but facing political pressures, big concessions on rice are unlikely before the upcoming elections in July.
- While price hikes and supply concerns persist, Japanese consumers like Miki Nihei have shown openness to imported rice, as quality remains satisfactory and cost-effective options are sought.
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Medium
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Robot Counsel: How I Built a Legal Team Out of Thin Code and Thick Skin
- AI tools like DoNotPay, Spellbook, Harvey AI, ChatGPT, and Claude are helping individuals navigate the legal system when they cannot afford a lawyer.
- These tools provide assistance in drafting letters, fighting parking tickets, and filing small claims, leveling the playing field for individuals facing legal challenges.
- While not perfect, these AI tools offer a resource for those who need help with legal matters and cannot afford traditional legal representation.
- DoNotPay, in particular, is known as the 'world's first robot lawyer' and provides guidance on various legal issues.
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HinduBusinessLine
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Trump administration moves to strip Harvard of foreign student enrollment rights
- The Trump administration is threatening to strip Harvard of its foreign student enrollment rights.
- The Department of Homeland Security Secretary, Kristi Noem, terminated two DHS grants to Harvard.
- Harvard is being demanded to provide records on the activities of foreign student visa holders.
- The Trump administration is reviewing federal contracts and grants to Harvard and has threatened to freeze funding and strip its tax-exempt status.
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TronWeekly
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4 Best Cryptos to Buy Under $1 Before They Take Off
- The article discusses the trend of affordable yet utility-driven cryptocurrencies under $1 gaining popularity in the crypto market.
- Qubetics ($TICS) is highlighted for its Real World Asset Tokenisation Marketplace, offering a solution for digitizing assets like invoices and real estate quickly.
- The Qubetics presale has garnered significant attention, with the current token price at $0.1729 and promising high ROI potential.
- Polygon (MATIC) is noted for its enterprise-grade scalability, serving as Ethereum's preferred scaling solution and powering various applications.
- Gala (GALA) is recognized for its emphasis on gaming, music, and entertainment ownership, offering a unique play-to-earn and listen-to-earn model.
- Arbitrum (ARB) is praised for addressing Ethereum's gas fee issues with its scalable Layer 2 network, attracting projects seeking efficient solutions.
- These cryptocurrencies under $1 are valued for their real-world utility, potential growth, and innovative approaches to blockchain integration.
- Qubetics, Polygon, Gala, and Arbitrum offer distinct use cases and advantages, positioning them as top picks for investors looking for affordable yet promising options.
- These projects combine affordability with utility and innovation, making them attractive choices for those interested in the crypto market.
- Each of the highlighted cryptocurrencies presents unique features and solutions contributing to the evolving landscape of digital assets under $1.
- From asset tokenization to scalability solutions, gaming and entertainment ownership, these cryptocurrencies offer diverse opportunities for growth and investment.
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