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Members of the U.S. Army, U.S. Navy and the Israeli military put in place the Trident Pier, a temporary pier to deliver humanitarian aid, on the Gaza coast on May 16. The content of the ships is inspected in Cyprus, then the aid is moved on the pier by trucks already on the ships to a facility on shore. This is where the UN would oversee the process of loading the aid on local trucks and send the aid to north and south Gaza, the official explained. Since the content was already searched in Cyprus, the UN doesn’t expect much delay at Israeli checkpoints except to inspect drivers’ paperwork. The aid will go to the northern part of the strip on one day and to the south on the next.
Organizations: U.S . Army, U.S . Navy, Trident, . Central Command, Reuters, UN, CNN Locations: Gaza, Cyprus
A few years later she turned it into a business called UAE Trekkers, running weekend hikes while she continued teach English in the week. A lot of people don’t realize that there’s so much nature here – they’re blown away.”Amy Subaey, founder of UAE Trekkers. From this, UAE Trekkers developed a “student- centered” approach that caters to new hikers, from the classroom to the trails. UAE Trekkers’ hikes include a sunset trek across the Liwa desert in Abu Dhabi, a location used in “Dune Part Two.” UAETrekkers FZ LLCPlanning aheadBut even hikes aimed at beginners can require extensive planning. UAE Trekkers’ certified guides provide hikers with coaching on how to prepare for treks, what to bring and how to make the most of the experience.
Persons: Amy Subaey, , ” Subaey, ” Amy Subaey, Subaey, I’m, “ There’s, Organizations: CNN, United Arab Emirates, UAE, Warner Bros, , Subaey Locations: Minnesota, Bahrain, Egypt, Dubai, UAE, Dubai Subaey, Hatta, Sharjah, Fujairah, Oman, Abu Dhabi, Lima
But one of the best places to experience an authentic Khon performance is Bangkok’s Sala Chalermkrung Royal Theatre. Among the performers tasked with playing that role at Sala Chalermkrung is 34-year-old Thanet Pakwisath, who has been practicing Khon for more than 20 years. “And I believe that other performers here at Sala Chalermkrung would have the same belief.”But like many of his colleagues, he fears for its fate. I want everyone to help – both Thai people and foreigners.”Sala Chalermkrung: A living museumBangkok’s Sala Chalermkrung Royal Theater has its own fascinating back story. But from the late 1970s, visitors to Sala Chalermkrung began to decline.
Persons: Ling ”, Khon, Sala, Apassara, khon, Karla Cripps, Hanuman, , , “ Khon, Hanuman Thanet, Sala Charlermkrung, Mark Phillips, ” Sala, King Prajadhipok, Sala Chalermkrung Organizations: CNN, Bangkok CNN, Suvarnabhumi International, Heritage, Chalermkrung, Khon, Royal, Sala Chalermkrung, Sala Locations: Bangkok, Thailand, Khon, Thai, Sala, , Sala Chalermkrung, Thanet, , Charoenkrung, Phra Nakhon District
Goldman's George Lee said AI will empower non-technical workers, including those in risk management. The history major turned tech banker said AI enhances skills like critical thinking, creativity, and logic. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementA longtime tech banker with a history degree says AI could be a boon for non-technical workers. George Lee, the co-head of applied innovation at Goldman Sachs, told Bloomberg Television on Tuesday that he thinks AI will lead to the "revenge of the liberal arts" in the workforce.
Persons: Goldman's George Lee, Banks, , George Lee, Goldman Sachs, Lee Organizations: Service, Bloomberg Television, Business
Scammers used deepfakes to trick an employee at engineering firm Arup into handing over $25 million. The Hong Kong office employee believed that they were on a video call with the company's CFO. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementScammers used deepfakes to trick an employee in the Hong Kong office of a major international corporation earlier this year, costing the firm $25 million.
Persons: Scammers, Arup, Organizations: Service, Financial Times, Sydney Opera House, Business Locations: Hong Kong, California
Oil set for weekly gain on signs of improving demand
  + stars: | 2024-05-17 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices rose in Asian trading hours on Friday, with global benchmark Brent set for its first weekly increase in three weeks on signs of improving global demand and slowing inflation in top oil consumer the United States. Brent crude oil prices rose 21 cents, or 0.3%, to $83.48 a barrel by 0018 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 18 cents, or 0.2%, to $79.41 a barrel. Brent futures are set to rise about 1% on a weekly basis, and WTI futures are set to gain 1.4%. Recent declines in oil and refined products inventories at major global trading hubs have created optimism over oil demand growth, reversing a trend of rising stockpiles that had weighed heavily on crude oil prices in prior weeks.
Persons: Brent, Alex Hodes Organizations: . West Texas, Brent, ., Financial, Federal Reserve Locations: Tutong district, Brunei, United States, U.S, Europe's Amsterdam, Rotterdam, Antwerp
Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government in a letter seen by Reuters. Vietnam forfeited at least $2.5 billion in foreign aid over the last three years and may lose another $1 billion because of administrative paralysis, the United Nations, the World Bank and Western donors told the government in a letter seen by Reuters. Two senior foreign officials interviewed by Reuters directly linked the administrative hurdles to the "blazing furnace" anti-graft drive, echoing similar comments from other diplomats and officials in recent months. The anti-graft drive has created a sort of paralysis, in which bureaucrats are slow to approve or advance initiatives because they fear accidentally violating complex regulations. The U.N. and the World Bank said they kept working closely with the government on projects, with the U.N. acknowledging in a statement to Reuters that there were "challenges" for the use of funding.
Persons: Pham Minh Chinh Organizations: United Nations, World Bank, Reuters, European Union, Japan, Asian Development Bank Locations: Vietnam, Communist, United States
Putin’s two-day state visit comes as Western leaders have leant on Xi to ensure that soaring exports from his country aren’t propping up the Russian war effort – a claim Beijing denies. Putin also traveled to Beijing with top security officials who the Russian president said Thursday would join informal talks on Ukraine. Beijing, which says it is neutral on the war, has repeatedly defended its trade with Russia as part of normal bilateral relations. Xi, analysts say, is seeking to keep Putin as a close partner, while not stepping over Western red lines. For that reason, she added, “he’s okay with on-going dependency between Russia and China – and with inequality in this relationship.”
Persons: Xi Jinping, Vladimir Putin’s, Xi, Putin, Putin’s, Andrey Belousov, Sergey Shoigu, “ Putin, he’s, Kurt Volker, , , Alexandra Prokopenko Organizations: Hong Kong CNN, United, , Israel, Hamas, Russian, Russian Security, Chinese Communist Party, Chinese Foreign Ministry, Observers, CNN, Carnegie Russia Eurasia Center Locations: Hong Kong, Beijing, United States, Taiwan, Gaza, Russian, China, , Russia, North Korea, Ukraine, China’s Harbin, Siberia, Europe
China announced "historic" steps to stabilize the crisis-hit property sector on May 17, 2024, allowing local governments to buy "some" apartments, relaxing mortgage rules and pledging to deliver unfinished homes. These and other measures announced Friday marked Beijing's latest efforts to address issues in the massive real estate sector. The real estate companies can then use funds earned from those sales to complete construction on other apartments, the central bank said. Pre-sold, unfinished homesFor years, many apartments in China tended to be sold before construction was finished. Nomura estimated last year there were around 20 million such pre-sold, unfinished apartments in China.
Persons: Zhu Ning, Tao Ling, Xiao Yuanqi, Larry Hu, Dong Jianguo, Lifeng, Zhu, Nomura Organizations: China, Nurphoto, Getty, Tsinghua University, People's Bank of China, National Financial Regulatory, Macquarie, CNBC, of Housing, Housing, Future Publishing Locations: BEIJING, Wanxiang City, Huai'an City, East China's Jiangsu, China
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Dow breaks through 40,000 barrierThe Dow Jones Industrial Average briefly passed the 40,000 mark for the first time before ending lower. The S&P 500 and Nasdaq also hit record highs but ended the session in negative territory. The Dow has climbed nearly 6% in 2024, while the Nasdaq and S&P 500 are up 11% each. [PRO] New S&P 500 targetsWall Street's recent record highs have prompted market analysts to revise their S&P 500 year-end price targets.
Persons: Dow, John David Rainey, We've, Armour, Armour's, Kleiner Perkins, Bob Pisani Organizations: CNBC, Dow Jones Industrial, Nasdaq, Walmart, GameStop, AMC Locations: North America, Sequoia
ET, the yield on the 10-year Treasury was up by less than one basis point 4.3788%. The 2-year Treasury yield was last at 4.7799% after dipping by just over one basis point. U.S. Treasury yields held steady on Friday as investors considered the state of the economy as they digested the week's economic data. Investors weighed the state of the U.S. economy and the path ahead for monetary policy after the latest economic data and comments from Federal Reserve officials. Fed officials in recent weeks have indicated caution when it comes to monetary policy plans, especially regarding interest rate cuts.
Persons: Dow Jones, Raphael Bostic Organizations: Treasury, Investors, Federal Reserve, Atlanta Fed Locations: U.S
Hong Kong/New Delhi CNN —Singapore Airlines is setting the bar high when it comes to bonus payouts. Singapore Airlines did not respond to a request for comment. The Singapore flag carrier was named the world’s best airline last year, according to the prestigious Skytrax World Airline Awards. Dubai’s Emirates will pay its staff a bonus equivalent to 20 weeks’ salary, Reuters reported this week, citing an internal email. However, the coming year could be difficult for the sector, Singapore Airlines said in its earnings statement.
Persons: Choon Phong Organizations: Hong Kong / New Delhi CNN — Singapore Airlines, CNN, Singapore Airlines, SIA, Emirates, Reuters Locations: Hong Kong / New Delhi, North Asia, China, Hong Kong, Japan, Taiwan, Singapore
Russian forces on Friday continued to attack Ukraine's second-largest city of Kharkiv, according to its regional governor, with Ukrainian forces repelling several ground attacks in the northeastern region. The reported attacks come as Russian forces seek to build on recent gains in the strategically important region. Kharkiv Governor Oleh Syniehubov said in a Google-translated post via Telegram that at least five drone strikes had hit the city overnight. An air raid alert in the city of Kharkiv lasted more than 16-and-a-half hours, Reuters reported, citing Ukraine's public broadcaster Suspilne. It marked the longest recorded air alert since Russia launched its full-scale invasion of Ukraine in February 2022.
Persons: Ukraine's, Oleh Syniehubov Organizations: Kharkiv, CNBC, Reuters, Suspilne, Russia Locations: Kharkiv, Ukraine
Buzz, Chirp, Wee-Oo: The Sounds of Cicadas Are Back
  + stars: | 2024-05-17 | by ( Aimee Ortiz | ) www.nytimes.com   time to read: +1 min
It was early morning on April 29 when Jakob Dwight ’s grandmother, Valeria Richards Maye, died in Alabama. It was that day, too, when he heard the cicadas sing near her home and it comforted him. “I don’t know if they were out a few nights before,” he said. “I did not hear them the night before.”It felt like some kind of connection to his grandmother: Describing the sound as almost like a ray-gun in a science-fiction movie or a thin metallic sheet rippling, Mr. Dwight said in an interview on Wednesday that he felt touched listening to the droning “in the way that if people lose a loved one, they tend to have magical experiences or at least imbue things in nature with kind of that spirit of the loved one.” He would go on to record the cicadas’ song the day after her funeral. This spring, as two broods of cicadas emerge in a rare simultaneous event to produce a sound as loud as an airplane’s, Americans are feeling connected to nature and rejoicing — or covering their ears — as they listen to the song in their backyards.
Persons: Jakob Dwight ’, Valeria Richards Maye, , , Dwight Locations: Alabama
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's April retail sales data 'a little bit of a blip,' economist saysLouise Loo of Oxford Economics says, however, that a "mild improvement" in consumer confidence can be expected.
Persons: Louise Loo Organizations: Oxford Economics
Now that the Dow Jones Industrial Average has made headlines by crossing the 40,000 level for the first time ever on Thursday, what comes next? History shows the 128-year-old-average tends to pull back a bit after crossing large, round number thresholds. "History tends to confirm that the market typically takes a breather after eclipsing millennium milestones." Bear market declines of 20% or more also happened just 5% of the time. .DJI 1Y mountain The 30-stock Dow crossed the 40,000 level on Thursday after flirting with the threshold in April.
Persons: Sam Stovall, Stovall, Dow Organizations: Dow Jones, Dow, Walmart, Nasdaq Locations: 39,8907.88
Shoppers line up to enter a Cartier store, a unit of Cie. Financiere Richemont SA, on Canton Road in the Tsim Sha Tsui area of Hong Kong. Shares of Swiss luxury group Richemont climbed as much as 6.3% Friday after the company reported record full-year sales, even as Asia-Pacific spending waned. The Cartier owner said group sales rose 3% at actual exchange rates to an all-time high of 20.6 billion euros ($22.38 billion) in the financial year ending in March, despite a weakening outlook for luxury brands. Fiscal fourth-quarter sales fell 1% to 4.8 billion euros at actual rates, driven by a slowdown in Asia-Pacific. In a separate statement, the company announced Nicolas Bos, CEO of Van Cleef & Arpels, as its new group CEO, effective June 1.
Persons: Financiere, Cartier, Johann Rupert, Nicolas Bos, Van Cleef Organizations: Cartier, Cie, Financiere Richemont SA Locations: Canton, Tsui, Hong Kong, Asia, Pacific, London, Asia Pacific
I live in Singapore and lecture in the creative writing and publishing graduate program at Nanyang Technological University, but have also taught at the high school, undergraduate, and community college levels. In 2007, my now-ex-wife (a Singaporean citizen) and I decided to move to Singapore from the US. For the most part, I enjoyed my classes, as well as my extra-curriculars, which in high school consisted of marching band, French club, and physics club. It's possible that, in the 30 years since graduating from high school, my memories have become rose-colored, but I do remember feeling like I had a good balance between my school life and my personal life. The author gets concerned about the amount of pressure put on his daughter by teachers.
Persons: Jason Erik Lundberg Organizations: Service, Nanyang Technological University, Business, Straits Times, Ministry of Education Locations: Singapore, Oklahoma, North Carolina
Strategist: Expect S&P 500 to hit 5,450 by the end of 2024
  + stars: | 2024-05-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategist: Expect S&P 500 to hit 5,450 by the end of 2024Sam Stovall, chief investment strategist at CFRA Research, discusses the "cyclical factors" behind the recent new highs in markets.
Persons: Sam Stovall Organizations: CFRA Research
CNN —Cristiano Ronaldo may be in the twilight of his career, but the soccer star still tops Forbes’ list of the world’s highest-paid athletes thanks to his huge wages in Saudi Arabia. According to Forbes’ list, which was released on Thursday, Ronaldo earned $260 million over the last 12 months, $200 million from his club contract with Al-Nassr and $60 million in off-field earnings. Rahm’s total earnings are $218 million, Forbes calculated – $198 million through playing wages alone – while Messi’s are $135 million, more than half of which ($70 million) are off-the-field payments. Ronaldo, one of four Saudi-based soccer players on the list of the 50 highest-paid athletes, made his debut for Al-Nassr in January 2023. Forbes’ 10 highest-paid athletes in 2024:
Persons: CNN — Cristiano Ronaldo, Forbes, Ronaldo, Jon Rahm, LIV, Lionel Messi, Nassr, Neville Hopwood, LeBron James, Giannis Antetokounmpo, Steph Curry, Karim Benzema –, Mbappé, Lamar Jackson, Serena Williams, Maria Sharapova, Li Na, Naomi Osaka Organizations: CNN, Forbes, Al, Inter Miami, Saudi Pro League, Neymar, , Baltimore Ravens, NFL, Forbes ’ Locations: Saudi Arabia, Saudi, Hilal
European Central Bank board member Isabel Schnabel warned against back-to-back rate cuts amid lingering inflation risks, Nikkei reported Friday, as the central bank gears for its June meeting amid expectations of a rate cut. While a rate cut in June could be warranted depending on incoming data and projections, things are less certain beyond that, Schnabel told Nikkei. "After so many years of very high inflation and with inflation risks still being tilted to the upside, a front-loading of the easing process would come with a risk of easing prematurely," the ECB board member added. Geopolitical tensions and policy uncertainty amid a slew of elections worldwide this year also pose risks to euro area financial stability, the ECB said in a recent financial stability review. The review, however, highlighted that financial stability conditions have improved.
Persons: Isabel Schnabel, Schnabel, Luis de Guindos Organizations: European Central Bank, Nikkei, ECB Locations: disinflation
CNN —At Princeton High School, students are trying to combat the rapid decline of indigenous languages with some unlikely help: a furry, wide-eyed stuffed animal named Che’w. He’s a wildly intelligent generative AI robot that speaks Mam, a Mayan language spoken in the western highlands of Guatemala and Mexico and by a small population of the school’s students. At a time when some high schools are restricting the use of AI in the classroom, others, like Princeton High School, are leaning into it. Courtesy SamsungBeyond generative AISome high schools around the country are trying to teach students how to use other forms of artificial intelligence for a greater good. “It doesn’t lose patience or get sick of talking to them,” said Mark Eastburn, Princeton High School’s science, research and engineering teacher.
Persons: Che’w, Joy Barnes, Johnson, , ChatGPT, Ed ”, Noel Candelaria, ” Candelaria, Tylo Chacon, Chacon, “ We’ve, It’s, , Mark Eastburn, “ It’s, , Eastburn, they’re Organizations: CNN —, Princeton High School, UNESCO, PHS, , STEM School Highlands, Samsung, Los Angeles Unified School District, Seattle Public Schools, National Education Association, CNN, NEA, Stuyvesant High School, University of Colorado, Princeton Locations: Guatemala, Mexico, Colorado, New York City, Washington ,, Boulder, Mam
Washington (Reuters) — The United States has barred imports from 26 Chinese cotton traders or warehouse facilities on Thursday as part of its effort to eliminate goods made with the forced labor of Uyghur minorities from the US supply chain. US officials believe Chinese authorities have established labor camps for Uyghurs and other Muslim minority groups in China’s western Xinjiang region. “The so-called ‘Uyghur Forced Labor Prevention Act’ is just an instrument of a few US politicians to disrupt stability in Xinjiang and contain China’s development,” the spokesperson said. Washington has restricted imports from 65 entities since the Uyghur Forced Labor Prevention Act Entity List law was passed in 2021, according to the department. “We enthusiastically endorse DHS’s action today to nearly double the Uyghur Forced Labor Prevention Act’s ‘Entity List’ — while recognizing that the current list remains only a fraction of the businesses complicit in forced labor,” Representative Chris Smith and Senator Jeff Merkley, chairs of the bipartisan Congressional-Executive Commission on China, said in a statement.
Persons: ” Alejandro Mayorkas, , Chris Smith, Jeff Merkley Organizations: Washington, Reuters, Uyghur, Labor, US Department of Homeland Security, Homeland Security, Congressional, Commission, DHS Locations: United States, China’s Xinjiang, China’s, Xinjiang, Beijing, Washington, China, Asia
Frederick Westbrook, a retired Las Vegas hotel worker, voted for President Biden in 2020 — as a vote to get Donald J. Trump out of office. He now calls that “the biggest mistake of my life.”“As a Black man in America, I felt he was doing unjust things,” he said of Mr. Trump. “Everything is just about the economy,” said Mr. Westbrook, who has started driving for Lyft to support himself on a fixed income in retirement. “I don’t really trust Donald Trump at all. I just think housing, food, my car, my insurance, every single piece of living has gone up.”In a recent set of polls, Mr. Trump led Mr. Biden in five of six key battleground states, including Nevada.
Persons: Frederick Westbrook, Biden, , Donald J, Trump, , “ He’s, Westbrook, , Donald Trump Organizations: Mr Locations: Las Vegas, America, Nevada
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRenewable applications of copper have a 'very strong long term story,' CIO saysChris Wyllie, CIO at Connor Broadley, discusses the outlook for investing in copper and the industry more broadly.
Persons: Chris Wyllie, Connor Broadley
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