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BUSINESS & ECONOMY

🏦 Fed Officials Forecast Three Rate Cuts in 2024

Anticipating economic shifts, Federal Reserve officials Mary Daly and Loretta Mester foresee three rate cuts in 2024, contingent on future economic indicators. While Daly cites strong current growth as a reason for no immediate action, Mester seeks more inflation evidence. Their consensus aligns with recent Fed projections, summarised by Daly: "Growth is going strong, so there is really no urgency to adjust the rate."

🚀 US Debt Surge Risks Market Shock

The Congressional Budget Office (CBO) signaled an urgent call to action as U.S. debt spirals, cautioning it might surpass WWII peaks by 2029, exposing the economy to a shock similar to the U.K.'s in 2022. With public debt at $26.2 trillion—97% of GDP.  Economists urge immediate congressional action to avert a fiscal crisis. The CBO states that ignoring the debt could "erode confidence in the U.S. dollar as the dominant international reserve currency."

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WORLD

🌏 China Overtakes U.S. as Southeast Asia’s Preferred Ally

In a surprising turn, more Southeast Asians would prefer China to the U.S., tipping the scales for the first time since 2020. According to a survey, China's approval jumped past 50%, leaving the U.S. with a drop from 61.1% to 49.5%. "ASEAN should build up its resilience and unity" was voiced by nearly half of the respondents in a survey conducted by the ASEAN Studies Centre.

🌍 Taiwan Experiences Most Powerful Quake in Two Decades

On Wednesday, Taiwan experienced its most severe earthquake in over 25 years, a 7.2 magnitude quake that resulted in four fatalities, injured over 700 individuals, and left 77 people trapped amidst widespread destruction. "The magnitude of this disaster presents a formidable challenge to our recovery efforts," a government official stated. Additionally, the event triggered a brief tsunami warning in southern Japan.

🌍 NATO Proposes $100 Billion Five-Year Support Fund for Ukraine

NATO Chief Jens Stoltenberg plans to propose a $100 billion, five-year fund to support Ukraine, aiming to encourage member states' backing amidst a stalled $60 billion U.S. military aid package in Congress. This proposition will be discussed during a NATO foreign ministers' meeting, with contributions reflecting each member's share of the NATO budget. 

SCIENCE & TECH

🍏 Apple Introduces Spatial Persona Avatars in Vision Pro for Enhanced Company

Apple elevated virtual gatherings with its new Vision Pro feature, Spatial Personas, allowing avatars to join users in their virtual environment for collaborative work, or movie-watching. This feature, enhancing natural interaction among up to five users, showcases Apple's strides in refining avatar expressiveness and user control. The most notable aspect is the effort to make remote interactions feel as if "your remote friends are actually sitting beside you." 

🍏 Apple Unveils ReALM A Breakthrough AI to Supercharge Siri

Apple's new AI model outshines OpenAI's GPT-4 in contextual understanding, promising a leap in AI performance with its ReALM technology. Designed to convert vague language into clear text, it enhances parsing efficiency, especially for Siri as it preps for WWDC 2024 Despite its smaller size, ReALM outperforms GPT-4, attributing success to its unique method of handling contextual data. 

SPORTS & ENTERTAINMENT

🎧 'Suits' Stars Patrick J. Adams & Sarah Rafferty Kick Off Rewatch Podcast on SiriusXM

In the wake of Suits' remarkable resurgence on Netflix, stars Patrick J. Adams and Sarah Rafferty are launching a podcast to explore the show's legacy, sharing on-set anecdotes. Their venture, produced by SiriusXM's Stitcher Studios, celebrates the series' impact and its spinoff, Suits: L.A. Adam and Rafferty remarked "On the heels of the record-breaking Suits resurgence, it feels like the perfect time to rewatch the show that changed our lives."

🏀 Victor Wembanyama Nears Historic Quadruple-Double in Game vs. Nuggets

In a recent showdown, Victor Wembanyama almost stole the spotlight from Nikola Jokic, sparking Denver Nuggets coach Michael Malone to proclaim him as "the future of the NBA." Wembanyama's stunning performance, including 23 points, 15 rebounds, nine blocks, and eight assists, flirted with a quadruple-double milestone. According to Malone, “we're not just watching a game; we're watching the ascent of an NBA legend.”

OTHER NEWS

🗣️  They're not humans, they're animals: Trump referring to immigrants

In a contentious speech in Michigan, Donald Trump employed harsh rhetoric, referring to immigrants as "animals" and "not human," as part of his campaign's focus on crime and immigration issues. He framed the 2024 election as a crucial turning point, calling it the "final battle" for America. Trump's narrative seeks to underline immigration as a key political issue, even as evidence contradicts the link between immigration and crime rates.

🍏 Apple asked us not to do it: Jon Stewart Reveals Apple's Request to Avoid Interview with FTC Chief Lina Khan

Jon Stewart disclosed that Apple advised against inviting FTC Chair Lina Khan to his podcast, tied to his Apple TV+ series "The Problem With Jon Stewart." Highlighting Apple's significant influence, Stewart noted the tech giant's concern over regulatory discussions, amidst facing legal challenges and anticipating AI advancements. 

🔨 Hunter Biden's Tax Charges Upheld for June Trial by Federal Judge

U.S. District Judge Mark Scarsi denied Hunter Biden's motions to dismiss his felony tax indictment, clearing the path for a June trial. Scarsi emphasised the lack of evidence for claims of political bias against special counsel David Weiss, appointed by Trump, criticising the defence's reliance on "news articles and social media posts" as baseless. 

THIS DAY THAT YEAR

On April 3, 1973, Martin Cooper, a Motorola engineer, made history by dialling the first mobile call to Bell Labs' Joel S. Engel using the prototype Motorola DynaTAC 8000X. This groundbreaking moment kicked off the mobile revolution. "Imagine that," Cooper might have said, marvelling at his invention.

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