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Goldman’s Conviction List: 3 EU Stocks Directors Should Consider

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3 EU stocks added to Goldman's Conviction List: Directors' Cut

Day of the Dead festivities globally | Religious News

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People around the world have been celebrating the Day of the Dead, bringing light and colour to streets and cemeteries.

The holiday blends pre-Colombian rituals with the Roman Catholic observance of All Saints’ Day on November 1 and All Souls’ Day on November 2.

The Day of the Dead, or El Dia de los Muertos, is not for mourning or grieving, but for celebrating the lives of those who have passed.

It is believed to be a time when the living and the dead can connect.

Traditional practices are performed, such as placing marigold flowers on altars and offering certain food items, the aroma and colour of which are thought to help spirits return to visit the living.

To commemorate the dead, people also dress up in colourful skeleton costumes.

The holiday is especially popular in Mexico, but is also observed in other countries, including the United States and Germany.

Trump’s prominent role at APEC overshadowed by Asia’s business leaders’ optimism for multilateralism

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Good morning. Asia editor Nick Gordon here, filling in for Diane. I spent most of last week in the quiet Korean town of Gyeongju, host to world leaders and business tycoons as part of the APEC Summit. Many on-site were paying close attention to U.S. President Donald Trump and Chinese President Xi Jinping’s “amazing” meeting in nearby Busan, and the resulting truce in their renewed trade war. 

“It seems to be a solid step forward,” Yangbin Wang, CEO of Silicon Valley-based software company Vobile, told me, pointing to “some pragmatic compromises to reduce their conflicts.”

Investors may have been disappointed by the lack of a grand bargain, but Trump will get another chance to push relations forward when he travels to China in April. “The practice of statecraft is never a one-off thing,” Pradeep Philip, Deloitte’s chief economist, tells me. Here are some takeaways for leaders after a whirlwind week:

Multilateralism isn’t dead: Despite the rhetoric out of Washington, APEC delegates were mildly optimistic about the future of trade. China wasn’t the only U.S. trade agreement solidified last week: Trump firmed up agreements with Japan, South Korea and several ASEAN nations. 

And even if the U.S. isn’t engaging other governments on trade, other countries are. They’re looking to diversify their economies, says Todd Handcock, Asia executive chair for the Collinson Group. “You see a lot happening right now between the ASEAN countries. Koreans and Japanese are having deeper conversations than maybe I would have seen in past conferences.”

Energy is front and center: Energy, whether renewable or non-renewable, took center stage at APEC this year, including a Trump shout-out to “clean, beautiful coal” during his address, thanks to AI’s massive hunger for energy.

American leaders may be all-in on fossil fuels, but the rest of the world isn’t so sure. HD Hyundai vice chair Seok Cho, in a panel I moderated on Wednesday, laid out a vision of “energy security” for a world transformed by AI, focused on renewables, critical minerals, and digital transformation. 

Cho’s not alone. Deloitte’s APEC CEO survey, unveiled during the conference, reports that almost 60% of APEC leaders plan to invest more in sustainability this year, up from 29% last year. 

South Korea is a force to watch: South Korea punches above its weight in strategic technologies like autos and semiconductors. One official, over coffee, gushed over Korean AI developers like Naver and LG. And it’s not just hardware; Korean soft power is also a source of strength. Here’s how BTS member RM put it in his Wednesday keynote: “We take Korea’s unique aesthetics, notions and production system, but we don’t turn away elements of Western music like hip-hop, R&B or EDM. Just like bibimbap, these parts all keep their unique identities but mix together to make something new and fresh and delightful.”

“You are so good at making memory technology,” Nvidia CEO Jensen Huang told Korean reporters on Friday. “The only thing you make maybe even close to being as good is fried chicken.”

FORTUNE has two more conferences in Asia-Pacific this year, where we’ll convene leaders from across the region to discuss the most important issues facing business today: The Fortune Innovation Forum on Nov. 17-18 in Kuala Lumpur, and Brainstorm Design on Dec. 2 in Macau.

More news below.

Contact CEO Daily via Diane Brady at diane.brady@fortune.com

Top news

SCOTUS considers Trump’s tariffs

The Supreme Court on Wednesday will hear arguments from U.S. businesses that it should curb President Trump’s emergency tariffs powers in what is expected to be a landmark case. The Chamber of Commerce argues that tariffs are causing irreparable harm and that their uncertainty is causing companies to delay capital investments and consumers to delay purchases. Trump says that stripping him of the power would leave the U.S. “defenseless.”

Trade war truce

The White House has unveiled more details of the agreement between Washington and Beijing agreed last week in South Korea. Among other measures, Beijing has pledged to issue a general license to export rare earths to U.S. users, buy at least 12 million metric tons of U.S. soybeans, and suspend its most recent retaliatory tariffs on U.S. goods. In return, the U.S. will lower its fentanyl-related tariff on Chinese goods to 10% and suspend a new rule that vastly expanded export controls on Chinese-owned firms.

Shutdown stalemate 

The month-long U.S. government shutdown is nearing the 35-day record for the longest ever, though a breakthrough may be in sight. Lawmakers are talking about ending the stalemate, but a final deal will depend on Trump’s willingness to engage. 

Labor migration drops

Work-related migration to rich countries has dropped after rising steadily since the COVID pandemic, according to new OECD research. The 21% dip, which occurred before Trump returned to office, is due to a cooler labor market and countries like the U.K. tightening visa requirements.

Palantir’s high school hires

Palantir CEO Alex Karp says universities have become an unreliable training ground for today’s workforce and that the college grads he’s hired recently have “just been engaged in platitudes.” The WSJ profiles Palantir’s new “Meritocracy Fellowship,” which gives 22 high-school grads the chance at a full-time Palantir gig. 

Private credit’s ‘J. Crew’ clause

Private credit lenders are preparing for “some distress on the horizon” by requiring stricter legal terms, including deals that ban “trap doors” like the one used by clothing retailer J.Crew to sidestep creditors. 

The markets

S&P 500 futures were up 0.36% this morning. The last session closed up 0.26%. STOXX Europe 600 was up 0.44% in early trading. The U.K.’s FTSE 100 was up 0.07% in early trading. Japan’s markets were closed today. China’s CSI 300 was up 0.27%. The South Korea KOSPI was up 2.78%. India’s NIFTY 50 was up 0.18%. Bitcoin was down at $107K.

Around the watercooler

The 30-year-old obsessive networker who is leading a wildly profitable niche on Wall Street known as ‘directs’ by Shawn Tully

Airwallex crosses $1 billion in annualized revenue as fintech unicorn takes on U.S. competitors like Ramp and Stripe by Leo Schwartz

‘Godfather of AI’ says tech giants can’t profit from their astronomical investments unless human labor is replaced by Jason Ma

Former VP Kamala Harris says she went through a nine-hour interview to land the job—but she couldn’t escape ‘gold medal depression’ even when she won by Emma Burleigh

Billie Eilish calls on billionaires to give away their wealth—with Mark Zuckerberg in the room: ‘If you’re a billionaire, why are you a billionaire?’ by Jessica Coacci

Amazon says its AI shopping assistant Rufus is so effective it’s on pace to pull in an extra $10 billion in sales by Dave Smith

CEO Daily is compiled and edited by Nick Gordon and Claire Zillman.

This is the web version of CEO Daily, a newsletter of must-read global insights from CEOs and industry leaders. Sign up to get it delivered free to your inbox.

Luka Mijatovic Discusses Dedication to Texas, World Championships, and Training for the 500 Free

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By Coleman Hodges on SwimSwam

On Friday, the #1 ranked recruit in the High School class of 2027, Luka MIjatovic, announced his commitment to the University of Texas. In this podcast, we discuss his decision to go train with Bob Bowman, his experience at World Championships, and training for mid-distance freestyle.

  • 0:00 Luka MIjatovic Introduction
  • 1:33 Committing to Texas
  • 7:17 US World Trials
  • 12:05 Chasing Dreams Since Age 6
  • 16:48 Pleasanton Seahawks
  • 25:57 First Sub-4:00 500y Free?
  • 29:35 World Championship Training Camp
  • 32:51 Losing 20lbs from Sickness
  • 34:10 Experience at World Champs
  • 39:40 Diet
  • 42:10 Upcoming Meets
  • 45:06 Chasing 400 Free World Junior Record
  • 46:55 Favorite Swimmer
  • 47:44 Competing at Berlin World Cup at Age 13

In the SwimSwam Podcast dive deeper into the sport you love with insider conversations about swimming. Hosted by Coleman Hodges and Gold Medal Mel Stewart, SwimSwam welcomes both the biggest names in swimming that you already know, and rising stars that you need to get to know, as we break down the past, present, and future of aquatic sports.

Music: Otis McDonald
www.otismacmusic.com

Opinions, beliefs and viewpoints of the interviewed guests do not necessarily reflect the opinions, beliefs, and viewpoints of the hosts, SwimSwam Partners, LLC and/or SwimSwam advertising partners.

Read the full story on SwimSwam: Luka Mijatovic Talks Commitment to Texas, World Champs, & 500 Free Training

Fresh Water Harvesting and Home Cooling Innovative Paint

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A roof paint that can cool your home and pull fresh water straight out of the air? It’s within reach, as scientists scale up production of a new kind of paint-like coating that shields roofing from the sun’s rays and harvests dew from its surface.

Researchers at the University of Sydney and commercial start-up Dewpoint Innovations have created a nano-engineered polymer coating that not only reflects up to 97% of the sun’s rays, but also passively collects water. In tests, it was able to keep indoors up to 6 °C (~11 °F) cooler than the air outside.

That temperature differential results in water vapor condensing on the surface – like the fogging on a cold mirror – producing a steady trickle of droplets.

In trials on the roof of the Sydney Nanoscience Hub, the coating captured dew more than 30% of the year, generating as much as 390 mL of water per square meter (roughly 13 fluid ounces per 10.8 square feet) daily. This might not sound like a lot, but a 12-sq-m (about 129-sq-ft) section of treated roof could produce around 4.7 L (around 1.25 US gallons) of water per day under optimal conditions.

Most houses have a lot more roof than that. “Over an average residential roof,” reads the Dewpoint website, “you can expect enough water per day to cover your basic water needs.” That’s in addition, mind you, to the rainwater you’d be collecting as well, since you do need to have a typical rainwater collection system installed to capture the dew. In Sydney for example, assuming an average annual rainfall around 1 m (3.3 ft), The Tank Factory tells us we could expect to collect somewhere around 6 times more rainwater than condensation – but that equation would certainly look very different in drier areas.

“This technology not only advances the science of cool roof coatings but also opens the door to sustainable, low-cost and decentralized sources of fresh water – a critical need in the face of climate change and growing water scarcity,” said research lead Chiara Neto, a professor at the University of Sydney’s Nano Institute and School of Chemistry.

The team has recently finished up a six-month outdoor trial, with panels featuring the polymer paint-like coating set up on the roof of the Sydney Nanoscience Hub building. During this period, minute-by-minute data was collected on the coating’s cooling and water collection abilities, and found that dew could be collected over 32% of the year, suggesting water could be harvested from the air during periods without rain. What’s more, the coating withstood the challenging test of the harsh Australian sun, and showed no signs of degradation over the six months.

Painted tiles being tested on the roof of the Sydney Nanoscience Hub

University of Sydney

Most commercial white paints – especially those designed for exterior walls and roofs – use titanium dioxide as the primary pigment, which reflects UV light. However, while this novel coating may look like white paint on the surface, it gets its sun-shielding power through structure. The porous coating is made of polyvinylidene fluoride-co-hexafluoropropene (PVDF-HFP), so reflects the sun through microscopic pores. Those tiny air pockets scatter sunlight in all directions without glare and without the need of UV-absorbing chemicals that can degrade over time. The result is a self-cooling, weather-resistant film that was able to sustain its high performance throughout the lengthy testing phase.

“Our design achieves high reflectivity through its internal porous structure, delivering durability without the environmental drawbacks of pigment-based coatings,” said study lead author Dr Ming Chiu, Chief Technology Officer of Dewpoint Innovations. “By removing UV-absorbing materials, we overcome the traditional limit in solar reflectivity while avoiding glare through diffuse reflection. This balance between performance and visual comfort makes it easier to integrate and is more appealing for real-world applications.”

The water droplets form on the surface of the coating and, thanks to its smooth topcoat, roll off to a collection point. The team believes that large collection areas could provide water for horticulture, misting systems for cooling or even use in hydrogen production.

“While humid conditions are ideal, dew can form even in arid and semi-arid regions where night-time humidity rises,” said Neto. “It’s not about replacing rainfall but supplementing it – providing water where and when other sources become limited.”

Professor Chiara Neto (left) and Dr Ming Chiu hold one of the experimental tiles with the paint-like substance in their labs at the University of Sydney
Professor Chiara Neto (left) and Dr Ming Chiu hold one of the experimental tiles with the paint-like substance in their labs at the University of Sydney

University of Sydney

And unlike many materials that stay stuck in the purgatory of development stage, this innovation is already being scaled. Dewpoint Innovations is currently developing a water-based paint formulation that can be applied with common rollers or sprayers.

“At Dewpoint, we’re proud to partner with the University of Sydney to bring this breakthrough in passive atmospheric water harvesting to life through advanced paint-based coatings,” said Perzaan Mehta, CEO of Dewpoint Innovations. “It’s a scalable, energy-free solution that transforms rooftops and remote infrastructure into reliable sources of clean water, helping address an urgent challenge of our time.”

While still in its early stages, the team is confident it’ll see a commercial release before long.

“Imagine roofs that not only stay cooler but also make their own fresh water – that’s the promise of this technology,” Neto added.

The research was published in the journal Advanced Functional Materials.

Source: University of Sydney via Scimex

After unrest, Samia Suluhu Hassan is sworn in as president

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Tanzanian President Samia Suluhu Hassan has been sworn in for a second term amid tight security, following an election marred by violent protests and rejected by the opposition as a sham.

The inauguration ceremony is being held at a military parade grounds in the capital, Dodoma, in an event closed to the public but broadcast live by the state-run TBC.

Samia was declared the winner on Saturday with 98% of the vote. She faced little opposition with key rival candidates either imprisoned or barred from running.

International observers have raised concerns about the transparency of the election and its violent aftermath, with hundreds of people reportedly killed and injured.

The authorities have sought to downplay the scale of the violence. It has been difficult to obtain information from the country or verify the death toll, amid a nationwide internet shutdown in place since election day

In her victory speech, Samia said the poll was “free and democratic” and described the protesters as “unpatriotic”.

Opposition leaders and activists say hundreds were killed in clashes with security forces. The opposition Chadema party told the AFP news agency that it had recorded “no less than 800” deaths by Saturday, while a diplomatic source in Tanzania told the BBC there was credible evidence that at least 500 people had died.

The UN human rights office earlier said there were credible reports of at least 10 deaths in three cities.

Following the unrest, the prices of food, fuel and other essentials have more than doubled or tripled in many areas. Schools and colleges are closed and public transport is halted.

Chadema – which was barred from competing – rejects the results announced by the electoral commission, saying they had “no basis in reality as the truth is that no genuine election took place in Tanzania”. It has called for a fresh election.

On election day, polling stations remained largely empty – but the electoral authorities later said turnout had been 87%.

On Sunday, police spokesman David Misime blamed motorbike operators and foreign nationals for the violent demonstrations and vandalism.

He said there were individuals who had “entered the country illegally with the intention of causing chaos” in Arusha, Dar es Salaam, Mbeya, Mwanza and Songwe provinces.

Except for the port city of Dar es Salaam, the areas mentioned lie near the borders with Kenya, Uganda, Zambia, and Malawi.

Misime has urged Tanzanians to report “any foreigner who is unknown or whose activities in Tanzania are unclear” to the authorities.

His remarks come amid reports that several Kenyan nationals have gone missing in Tanzania. Kenyan activist Hussein Khalid said on X that he had received reports of a Kenyan teacher being killed and others still unaccounted for.

The situation in Tanzania has sparked global concern, with Pope Leo XIV on Sunday calling for prayers, saying post-election violence had erupted “with numerous victims”.

EU foreign affairs chief Kaja Kallas urged Tanzanian authorities to exercise restraint to preserve lives, while UN Secretary-General António Guterres said he was “deeply concerned” about the situation “including reports of deaths and injuries”.

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Blue Mosque in Afghanistan Suffers Damage Due to Earthquake – Video Coverage | Infrastructure

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NewsFeed

Video shows damage to Afghanistan’s shrine of Mazar-i-Sharif, also known as The Blue Mosque, after a 6.3 magnitude earthquake. Officials in the area say at least seven people have been killed and 150 injured.

Gold prices rise slightly but continue to be impacted by Federal Reserve rate concerns and decreasing trade tensions

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Gold ticks up but remains pressured by Fed rate caution, easing trade fears

Magnitude-6.3 earthquake in Afghanistan claims the lives of at least seven

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At least eight people have died after an earthquake struck northern Afghanistan, say local authorities, with the toll expected to rise as rescue efforts continue.

Some 180 people have also been left injured, Samin Joyenda, a health department spokesman of a nearby province told the BBC.

The earthquake struck Mazar-e-Sharif, which is home to around 500,000 people, in the early hours of Monday, at around 01:00 local time (20:30 GMT).

It had a magnitude of 6.3 and a depth of 28km (17mi, according to the US Geological Survey, and was marked at an orange alert level, which indicates “significant casualties” are likely.

Haji Zaid, a Taliban spokesman in Balkh province – of which Mazar-e Sharif is the capital – wrote earlier on X that “many people are injured” in the Sholgara district, just south of Mazar-e- Sharif.

He said they had received “reports of minor injuries and superficial damages from all districts of the province”.

“Most of the injuries were caused by people falling from tall buildings,” he wrote.

Mazar-e Sharif is home to more than 500,000 people. Many of the city’s residents rushed to the streets when the quake struck, as they feared their houses would collapse, AFP reported.

The Taliban spokesman in Balkh also posted a video on X appearing to show debris strewn across the ground at the Blue Mosque, a local landmark in Mazar-e-Sharif.

The religious complex is believed to house the tomb of the first Shia Imam – a religious leader believed to hold divine knowledge. It’s now a site where pilgrims gather to pray and celebrate religious events.

Khalid Zadran, a Taliban spokesman for the police in Kabul, wrote on X that police teams were “closely monitoring the situation”.

Numerous fatalities were also reported in Samangan, a mountainous province near Mazar-e-Sharif, according to its spokesman.

The quake on Monday comes after a 6.0 magnitude earthquake struck Afghanistan’s mountainous eastern region in late August, killing more than 1,000 people.

That earthquake was especially deadly as the rural houses in the region were typically made of mud and timber. Residents were trapped when their houses collapsed during the quake.

Afghanistan is very prone to earthquakes because of its location on top of a number of fault lines where the Indian and Eurasian tectonic plates meet.