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London, UK CNN —Police arrested more than 80 counter-protesters who attempted to confront those taking part in a huge pro-Palestinian rally in London on Saturday. Far-right scuffle with policeThe police added they would use “all the powers and tactics available to us” to stop the counter-protesters confronting the pro-Palestinian march. Earlier, crowds gathered at the Cenotaph monument for Remembrance Day, to remember those who have fallen in conflict. “The scenes of disorder we witnessed by the far-right at the Cenotaph are a direct result of the Home Secretary’s words. The police’s job has been made much harder,” said Khan on social media, adding that London’s Metropolitan Police has his “full support to take action against anyone found spreading hate and breaking the law.”

Persons: ”, Tommy Robinson, Carlos Jasso, Suella Braverman, Rishi Sunak, Sunak, Sadiq Khan, Khan Organizations: UK CNN — Police, London’s Metropolitan Police, Corner, CNN, Metropolitan Police, Bloomberg, Getty, Britain’s, British Locations: London, UK, London’s Hyde, Palestine, Ukraine, Israel, Whitehall

☆ VinFast stock soars again on Nasdaq as buzz over Vietnamese EV maker grows
▼ + stars: | 2023-08-23 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Shares of VinFast, the Vietnamese electric vehicle maker that went public in a red-hot Wall Street debut last week, enjoyed another stunning rally again Tuesday. The strong market performance could make it easier for VinFast to raise more money from investors, a move CEO Thuy Le told CNN the company was considering. A similar story played out last week, when VinFast began trading on the Nasdaq. Public trading of VinFast (VFS) is based on razor-thin volumes — just 1% of the shares, which means price moves can be extremely volatile. On Tuesday, VinFast was one of the top trending companies and “most watched” stocks on Stocktwits, a social network for investors.

Persons: Thuy Le, VinFast, Pham Nhat Vuong, CNN’s Julia Chatterley, Le, “, ”, ” Le, Nhac Nguyen, Pham, CNN’s Livvy Doherty Organizations: Hong Kong CNN —, CNN, Nasdaq, Volkswagen, Ford, Getty, Volkswagen Group Locations: Hong Kong, New York, lockup, Hanoi, AFP, North Carolina, Asia, United States

London/Hong Kong CNN —H&M has decided to stop operating in Myanmar following an increase in allegations of labor abuses at garment factories in the country. As of March, H&M sourced from 41 factories with nearly 42,000 workers in the country, according to company figures. Its withdrawal comes after new allegations published by the Business and Human Rights Resource Centre (BHRRC), a workers’ advocacy group. The organization has been tracking cases of alleged labor and human rights abuses against garment workers in the country for years. “Things are getting worse for garment workers — and quickly,” the organization said.

Persons: Hong Kong CNN —, ” “, ”, doesn’t, Inditex, Spencer, Primark, “, BHRRC Organizations: Hong Kong CNN, CNN, Business, Human Rights Resource, Chevron, Initiative, Human Rights, Reuters Locations: Hong Kong, Myanmar, Swedish, Zara, Stockholm, TotalEnergies, British, ”

Collisions are more likely in such cases, raising the odds of a devastating oil spill. It’s also harder to tell whether the vessels with murky ownership comply with the strict rules governing oil transfers at sea, according to Kenney. Group of Seven nations have imposed a cap on the price of Russian oil and oil products, and a smaller pool of buyers can also negotiate greater discounts. China’s imports of Russian oil in the first quarter of the year rose 38% compared with a year prior, according to Kpler data. As trade of Russian oil has become more complex, many Western shippers have pulled back.

London CNN —Regulators in Italy issued a temporary ban on ChatGPT Friday, effective immediately, due to privacy concerns and said they had opened an investigation into how OpenAI, the US company behind the popular chatbot, uses data. Italy’s data protection agency said users lacked information about the collection of their data and that a breach at ChatGPT had been reported on March 20. The Italian regulator also expressed concerns over the lack of age verification for ChatGPT users. In the meantime, EU companies must comply with the General Data Protection Regulation, or GDPR, as well as the Digital Services Act and Digital Markets Act, which apply to tech platforms. Earlier this month, OpenAI released GPT-4, a new version of the technology underpinning ChatGPT that is even more powerful.

☆ Putin: Sanctions could hurt Russia's economy
▼ + stars: | 2023-03-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —President Vladimir Putin has conceded that Western sanctions designed to starve the Kremlin of funds for its invasion of Ukraine could deal a blow to Russia’s economy. “The illegitimate restrictions imposed on the Russian economy may indeed have a negative impact on it in the medium term,” Putin said in televised remarks Wednesday reported by state news agency TASS. It is a rare admission by the Russian leader, who has repeatedly insisted that Russia’s economy remains resilient and that sanctions have hurt Western countries by driving up inflation and energy prices. Putin said Russia’s economy had been growing since July, thanks in part to stronger ties with “countries of the East and South,” likely referring to China and some African countries. Russia’s economy has showed surprising resilience to unprecedented sanctions imposed by the West, including an EU ban on most imports of oil products.

This is causing flight delays and cancellations. We regret the inconvenience this is causing our passengers,” Lufthansa said on Twitter. Lufthansa owns carriers Austrian Airlines, Brussels Airlines, Eurowings and Swiss. In a separate statement on its website, Lufthansa recommended that passengers in Frankfurt avoid traveling to the city’s airport. Passengers with domestic flights can switch to Deutsche Bahn — Germany’s national rail service — for free until Sunday, the airline added.

☆ Global air traffic may return to pre-Covid levels in June, with China leading the way
▼ + stars: | 2023-01-16 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Global air traffic will boom this year, returning to pre-pandemic levels in June, according to a new report. On Monday, international aircraft leasing company Avolon said it expected a full recovery in passenger traffic over the coming months, led by the reopening of markets in Asia, especially China. The news has further brightened the outlook for the aviation sector, which already experienced “a 70% recovery in passenger traffic last year led by recovery in Europe and North America,” Avolon noted. Currently, global air traffic has resumed to approximately 75% of November 2019 levels, IATA said last week. “Demand for travel is no longer the constraint to recovery, but airlines’ capacity to put planes in the air,” Avolon said in its statement.

London CNN Business —The global airline industry is expected to return to profitability in 2023 for the first time in four years. In a forecast released Tuesday, the International Air Transport Association predicted that airlines will earn a net profit of $4.7 billion, despite fears of a global recession. Consumer demand for air travel has been boosted by the reopening of borders closed by the pandemic, as well as a strong US dollar that’s encouraged more Americans to travel overseas. “While we are mindful of macroeconomic headwinds, the travel industry is experiencing a counter-cyclical recovery,” Delta Air Lines CEO Ed Bastian said when delivering the company’s earnings results in October. “Global demand is continuing to ramp [up] as consumers shift spend to experiences, businesses return to travel and international markets continue to reopen.”— Chris Isidore contributed reporting.

☆ The UK is gripped by an economic crisis of its own making
▼ + stars: | 2022-09-29 | by ( Mark Thompson | ) edition.cnn.com time to read: +8 min

“While this is welcome, the fact that it needed to be done in the first place shows that the UK markets are in a perilous position,” said Paul Dales, chief UK economist at Capital Economics, commenting on the bank’s intervention. “It wouldn’t be a huge surprise if another problem in the financial markets popped up before long,” Dales added. The UK government should also postpone its tax cuts, El-Erian said. We look like reckless gamblers who only care about the people who can afford to lose the gamble,” one former Conservative minister told CNN. “Truss and Kwarteng are now facing a severe economic crisis as the world’s financial markets wait for them to make policy changes that they and the Conservative party will find unpalatable,” the Eurasia analysts wrote.

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