Connect with us

News

Private astronauts in space and Nvidia reports Q2 earnings

Published

on

Private astronauts in space and Nvidia reports Q2 earnings

This article is an on-site version of our The Week Ahead newsletter. Subscribers can sign up here to get the newsletter delivered every Sunday. Explore all of our newsletters here

Hello and welcome to the working week.

One event worth keeping an eye on is set to happen high above our heads on Tuesday when the Polaris Dawn space mission is set to launch with billionaire Jared Isaacman and three others on board. The mission, privately funded by Isaacman and operated by SpaceX, is using the company’s Falcon 9 rocket and spacesuits.

The spacecraft’s crew are planning to attempt a spacewalk during their mission, which is predicted to last five days. If they pull it off, the crew will be the first non-government astronauts to complete a spacewalk. While mainly symbolic, the feat would be a sign of the increase in private companies that are making more ambitious plans for space.

Already this year we have had the first commercial space flight to successfully land on the moon. Elon Musk’s SpaceX is also an integral part of Nasa’s Artemis programme to return to moon as the global space race gathers pace.

Advertisement

Back on solid ground, there are some headline acts to watch out for in this week’s company results, including chipmaker Nvidia reporting its second-quarter results on Wednesday. In the group’s first-quarter results it reported a staggering 262 per cent increase in revenue. At the time the company’s boss Jensen Huang told investors that Nvidia would see “a lot” of revenue from its new Blackwell chips that power generative AI models that the company unveiled in June.

Since then the chipmaker has become the world’s most valuable company, lost about $750bn in value, and then gained it all back. No matter what happens, Nvidia’s results will be one to watch. It will also be worth catching the results for CrowdStrike, the first since a software update by the cyber security group caused an outage for large companies including Delta. This will be the first chance for investors to see in detail how the outage affected the company’s bottom line.

One more thing . . . 

In the UK it has been a surprisingly pleasant summer with only a few dull days. But as August winds down this week, our weather is set to take a turn from better to wetter. The UK Met office is aware of this and on Thursday will announce storm names for 2024-25. Names can be suggested by the public but cannot start with the letters Q, U, X, Y and Z so that they are aligned with the US National Hurricane Center naming conventions. So, sadly, we will never see a storm Zane.

Key economic and company reports

Here is a more complete list of what to expect in terms of company reports and economic data this week.

Monday

  • Sweden: The central bank publishes the minutes from its monetary policy meeting

  • UK: summer bank holiday. Markets closed (not Scotland)

  • Philippines: National Heroes Day holiday. Financial markets closed

  • Spain: PPI for July

Tuesday

  • Hungary: Central bank interest rate decision

  • UK: British Retail Consortium Shop Price Index, giving a picture of the inflation rate of 500 of the most commonly bought high street products for August

  • UK: Britvic shareholders vote on acquisition by Carlsberg

  • Results: BHP FY preliminary, Bank of Nova Scotia Q3

Wednesday

  • Israel interest rate announcement

  • UK: Bank of England Monetary Policy Committee member Catherine Mann participates in the Central Bank Research Association annual meeting in Frankfurt

  • UK: Q2 GDP estimate for Scotland

  • Results: Bath & Body Works Q2, Prudential HY, Lego interim results, Nvidia Q2, Woolworths FY 2024, Royal Bank of Canada Q3, HP Q3, CrowdStrike Q2, Salesforce Q2

Thursday

  • UK: Resolution Foundation annual Living Standards Audit

  • US: Revised growth figures for Q2 2024

  • Sweden: Q2 GDP data

  • Results: Qantas FY preliminary results, Autodesk Q2, Gap Q2, Best Buy Q2, Dollar General Q2

Friday

  • India: GDP for Q1

  • Peru: Santa Rosa of Lima Day. Financial markets closed

  • Czech GDP Q2

  • Turkey: Victory Day. Financial markets closed

  • Kazakhstan: Constitution Day. Financial markets closed

World events

Finally, here is a rundown of other events and milestones this week.

Advertisement

Monday

Tuesday

  • US: Scheduled launch of Polaris Dawn mission from Kennedy Space Center in Florida on board a Falcon 9 rocket

  • US: Two-day Intelligence and National Security Summit is held just outside Washington DC. Speakers include FBI deputy director Paul Abbate and the CIA deputy director David S Cohen

Wednesday

Thursday

  • UK: The Met Office announces its names for storms for the 2024-25 season

  • 75th anniversary of the Soviet Union testing it first atomic bomb. The same day is also the international day against nuclear tests

Friday

Saturday

Sunday

  • Azerbaijan parliamentary elections

  • Germany: Parliamentary elections in Saxony and Thüringen state

  • First day of autumn by the UK Met meteorological calendar

Recommended newsletters for you

One Must-Read — The one piece of journalism you should read today. Sign up here

US Election countdown — Money and politics in the race for the White House. Sign up here

News

Under Trump, Green Card Seekers Face New Scrutiny for Views on Israel

Published

on

Under Trump, Green Card Seekers Face New Scrutiny for Views on Israel

For decades, immigrants who have followed the rules and have not broken the law have had hopes of earning a green card, a document that allows them to live legally in the United States and gain a path to citizenship.

But under new guidance issued by the Trump administration, immigrants can now be denied a green card for expressing political opinions, such as participating in pro-Palestinian campus protests, posting criticism of Israel on social media and desecrating the American flag, according to internal Department of Homeland Security training materials reviewed by The New York Times.

The documents, which have not been previously reported, show how expansively the Trump administration is carrying out a directive from last August to vet green card applicants for “anti-American” and “antisemitic” views.

The administration includes criticism of Israel as a potentially disqualifying factor, with the training materials citing as an example of questionable speech a social media post that declares, “Stop Israeli Terror in Palestine” and shows the Israeli flag crossed out.

The materials were distributed last month to immigration officers at U.S. Citizenship and Immigration Services, which is part of the Department of Homeland Security and handles applications for green cards and other forms of legal status.

Advertisement

They reflect how U.S.C.I.S. — long considered the gateway agency for legal migration — has rapidly transformed under President Trump into another cog in his administration’s deportation machine. The agency has worked to strip naturalized Americans of their citizenship and has hired armed federal agents to investigate immigration crimes.

The administration is also granting permanent legal residency to far fewer applicants. Green card approvals have fallen by more than half in recent months, according to a Times analysis of agency data.

“There is no room in America for aliens who espouse anti-American ideologies or support terrorist organizations,” Joseph Edlow, the agency’s director, told Congress in February.

Critics of Mr. Trump’s approach say the administration is seeking to restrict legitimate political speech, and has conflated opposition to Israeli government policies with antisemitism.

Basing green card decisions on “ideological screenings is fundamentally un-American and should have no place in a country built on the promise of free expression,” said Amanda Baran, a senior agency official under President Joseph R. Biden Jr.

Advertisement

Administration officials said they were defending American values.

“If you hate America, you have no business demanding to live in America,” said Zach Kahler, a spokesman for U.S.C.I.S.

Abigail Jackson, a White House spokeswoman, said the administration’s policies had “nothing to do with free speech” and were meant to protect “American institutions, the safety of citizens, national security and the freedoms of the United States.”

The administration has moved aggressively against immigrants for expressing political views that officials have deemed anti-American, making ideology a central part of its immigration vetting process. Secretary of State Marco Rubio has revoked the visas of pro-Palestinian student activists, including one who wrote a column criticizing her university’s response to pro-Palestinian demands.

The Department of Homeland Security has proposed reviewing the social media histories of tourists seeking to visit the United States.

Advertisement

Immigration officers have significant discretion in deciding whether to grant foreigners long-term permanent residence. They have long considered a variety of factors, including criminal records, national security threats, family ties to the United States and employment histories.

Ideology has also traditionally been one of those factors. In some cases, U.S. law forbids officers from granting green cards to people who have belonged to a Communist or other “totalitarian” political party, have promoted anarchy or have called for the overthrow of the U.S. government by “force or violence or other unconstitutional means.”

But in the past, immigration officers have focused on statements that could incite or encourage violence, given concerns about infringing on constitutionally protected speech, former U.S.C.I.S. officials said.

The new training materials reviewed by The Times guide immigration officers through the factors they should consider when ruling on green card applications. They discourage officers from granting green cards to people with a history of “endorsing, promoting or supporting anti-American views” or “antisemitic terrorism, ideologies or groups.”

Immigration officers have been told to weigh those factors as “overwhelmingly negative.”

Advertisement

The documents list support for “subversive” ideologies as among other factors that could lead to an application being rejected. As an example, the materials point to someone “holding a sign advocating overthrow of the U.S. government.”

In addition, the guidance describes the desecration of the American flag as a negative factor, citing Mr. Trump’s executive order last year directing the Justice Department to prosecute protesters who burn the flag. The Supreme Court has ruled that flag burning is a form of political expression protected by the First Amendment.

Immigration officers have also been told to scrutinize applicants who encourage antisemitism “through rhetorical or physical actions.” They were instructed to “focus particularly on aliens who engaged in on-campus anti-American and antisemitic activities” after the Hamas attacks against Israel in 2023, the documents show.

Further examples in the documents of conduct characterized as antisemitic include a social media post showing a map of Israel with the nation’s name crossed out and replaced with the word “Palestine.” Another illustrative post suggests that Israelis should “taste what people in Gaza are tasting.”

Immigration officers must elevate all cases involving “potential anti-American and/or antisemitic conduct or ideology” to their managers and to the agency’s general counsel’s office for review, according to the documents.

Advertisement

In recent months, the agency has also changed the way it refers to the employees who adjudicate green card applications, long known as “immigration services officers.” In job postings, it now calls them “homeland defenders.”

“Protect your homeland and defend your culture,” one posting says.

Steven Rich contributed reporting.

Continue Reading

News

America’s bid for energy supremacy is being forged in war

Published

on

America’s bid for energy supremacy is being forged in war

Additional work by Jana Tauschinski

Oil and gas tanker location and destination data are from Kpler. The map shows the latest position for vessels with an active AIS signal on April 19–20, filtered by minimum capacity thresholds: crude tankers of at least 50,000 deadweight tonnage (DWT); oil product tankers of at least 55,000 DWT; oil/chemical tankers of at least 40,000 DWT; LNG carriers of at least 150,000 cubic metres; and LPG carriers of at least 50,000 cubic metres. Net fossil fuel import data by country are based on Ember analysis of the IEA World Energy Balances 2023.

Continue Reading

News

Roommate faces murder charges in deaths of 2 University of South Florida doctoral students

Published

on

Roommate faces murder charges in deaths of 2 University of South Florida doctoral students

A 26-year-old man is facing two counts of first-degree murder in the deaths of two University of South Florida doctoral students who went missing last week, local authorities said Saturday. 

The Hillsborough County Sheriff’s Office in Florida said that evidence presented to the state attorney’s office resulted in the charges against Hisham Abugharbieh, the roommate of Zamil Limon, one of the doctoral students. 

Abugharbieh is accused of premediated murder with a weapon. He was arrested on Friday, the same day Limon was found dead. 

The family of Nahida Bristy, the other doctoral student, told CBS News that police said she is also likely dead. That is based on the volume of blood discovered at Abugharbieh’s residence, which he shared with Limon.

“Police told us she is no longer with us,” Bristy’s brother, Zahid Prato, said early Saturday.

Advertisement

The family was told her body may never be found and police believe she may have been dismembered, according to Prato. 

CBS News has reached out to police for more information.

Authorities said in a statement Saturday they were still searching for Bristy.

Limon’s remains were found on the Howard Franklin Bridge in Tampa Friday morning, Chief Deputy Joseph Maurer with the Hillsborough County Sheriff’s Office said. His cause of death was pending autopsy results.

Deputies with the sheriff’s office took Abugharbieh into custody on Friday after responding to a domestic violence call at a home in the Lake Forest Community, a neighborhood near USF’s Tampa campus, officials said. He also faces charges of domestic violence and evidence tampering, as well as a charge of failing to report a death to law enforcement.

Advertisement

Limon and Bristy, both 27, had last been seen in the Tampa area on April 16. 

Limon was studying the use of AI in environmental science and was set to present his doctoral thesis this week, his family said. Bristy is studying chemical engineering. 

Advertisement
Continue Reading
Advertisement

Trending