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CNN —In travel news this week: a gelato ban in Italy, runaway horses in central London, the orange fog that hit Athens and – if you’re still feeling brave enough – the best dates and times to book summer flights. When to book summer travelMid-to-late August is the best time for Americans to fly this summer, according to travel company Expedia. It recommends booking summer flights 21 to 60 days out – last year, travelers booking during this window saved around 15% on domestic and international travel. Similar savings were enjoyed by travelers who departed on a Monday for international flights or on a Tuesday for domestic flights, compared with those who opted for more popular Thursday and Friday departures. Over in London, laid-back Bethnal Green cocktail bar Satan’s Whiskers was this month named “Best Bar in the UK” at the Class Bar Awards.
Persons: you’re, It’s, , Expedia, ” you’re, Speakeasy, Taylor, Swift, Pelumi Nubi, “ It’s Organizations: CNN, Travelers, Bethnal, Peugeot Locations: Italy, London, Athens, Europe, Greece, Helsinki, Finland, Buckingham Palace, Venice, Paris, Moulin Rouge, Colonia Juárez, Mexico City, North America, South London, Lagos, Nigeria, Italian, American
The problem: Mr. Ek had neither a plan, nor the time or money to do much about it. He knew whom to contact: Hjalmar Nilsonne, a Swedish tech entrepreneur who Mr. Ek had met the year prior at the Brilliant Minds event, an annual gathering Mr. Ek started. At first, Mr. Nilsonne rebuffed Mr. Ek’s proposition. But Mr. Ek eventually won him over. Mr. Ek, a former computer coder, and Mr. Nilsonne, an engineer, zeroed in on building a better diagnostic tool.
Persons: Daniel Ek, ” Mr, Ek, DealBook, Hjalmar Nilsonne, Mr, Nilsonne, Watty Organizations: Spotify, Apple, YouTube, Amazon Music, Apple Watch, Neko Health Locations: Swedish, Stockholm, London
Taylor Swift's new album, "The Tortured Poets Department," name-drops five locations in the US and UK. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLocations in the US and UK are enjoying newfound fame after Taylor Swift referenced them in her new album, "The Tortured Poets Department." It's the latest example of "Taylor Swift Effect," where everything the pop star touches has the potential to turn to gold. When Swift began publicly dating NFL football player Travis Kelce last September, sales of jerseys carrying his name spiked by 400%.
Persons: Taylor, , Taylor Swift, Jennifer Adams, Thrillist, we've, Swift, Travis Kelce Organizations: Poets Department, Service, Walton, Google, Business, NFL Locations: London, Destin , Florida, Destin
Julian Assange leaves a Melbourne court after facing charges of computer hacking in 1995. WikiLeaks/ReutersUnder a global spotlightAs WikiLeaks continued its disclosures, Assange found himself the latest cause célèbre – his every movement intensely scrutinized. … He liked the fuss that (the disclosures) caused but he was oddly incurious actually about the documents.”Others offer alternative explanations for Assange’s eccentricities. There were mounting calls for Assange to leave WikiLeaks and, when he didn’t, many cut ties with it. Outside the confines of his diplomatic shelter, the world questioned whether Assange was trying to circumvent justice.
Persons: London CNN — Julian Assange, , He’s, Chelsea Manning, Joe Biden, Assange’s, Anthony Albanese, Assange, , ” –, Julian Assange, Ian Kenins, Sarah Palin’s, Atika Shubert, Shubert, ” Shubert, célèbre, Fidel Narvaez, “ Assange, ” Narvaez, James Ball, Joe Raedle, ” Ball, Ball, , Narvaez, Hans Crescent, Lenin Moreno, Moreno, Abu Hamza al, Masri, Stella Assange, Daniel Leal, Stella, “ I’m, Nick Vamos, It’s, Alice Jill Edwards, Agnès Callamard, El País, Der Spiegel, Jameel Jaffer, Xiaofei Xu, Alex Stambaugh Organizations: London CNN, WikiLeaks, Court, Ecuadorian, Army, Australian, Pentagon, NASA, University of Melbourne, Fairfax Media, of Scientology, Republican, CNN, Chelsea, Apache, Reuters, Guardian, Ellingham, Hans, London’s Metropolitan Police, US Justice Department, of Justice, Britain's, Getty, Peters & Peters, Prosecution Service, Human Rights, UN, Amnesty, The New York Times, Columbia University Locations: United States, Australian, London’s, Australia, Townsville, Queensland, cybercrime, Melbourne, Guantanamo Bay, Cuba, Iraq, London, Afghanistan, , Sweden, Ecuador, UK’s, Belmarsh
Read previewAs a travel writer, one of my greatest loves is experiencing a new country, region, or city with my son. But if you ask me, London is also the best spot to bring your kids, especially if they range in age. Here's why I'll always believe London is a terrific destination for children of any age. Children under 11 travel for free when accompanied by an adult, and discounts are available for older kids. The city is full of parks for children to play inLondon has incredible green space for such a large city.
Persons: , I've, Erika Ebsworth, Big Ben, we've, Gordon Ramsay's, Martin Organizations: Service, London, Business, Transportation, Heathrow Express, Airport, Paddington Station, Hyde Park, Royal Observatory, Prime Meridian, Food, British Museum, Magna Carta, Tate, Eurostar Locations: London, Hyde, Greenwich, London . London, Ethiopian, Harrods, St, Trafalgar, Oxford, Cambridge, Bath, Birmingham, Brighton, Paris, Brussels, Amsterdam
Elliott Management has built a roughly $1 billion stake in miner Anglo American in recent months, a person familiar with the matter told CNBC. Anglo American shares were up 5% on the news Thursday. News of the activist's position comes as the $43 billion, London-based miner faces takeover interest from BHP, a mining giant with worldwide operations. Anglo rejected BHP's $39 billion takeover offer Friday morning, saying BHP's offer "significantly undervalues Anglo American and its future prospects." Anglo American declined to comment.
Persons: Elliott, Stuart Chambers, BHP, CNBC's Karen Gilchrist Organizations: Elliott Management, CNBC, BHP, Bloomberg Locations: London, Australia
watch nowContemporary artist Sacha Jafri prides himself on his unique way of working. The artist Sacha Jafri at his studio in Dubai, U.A.E. He said he goes into a meditative state when creating his work. So, I'm in a meditative state, I'm in a complete trance, I have no clue what I'm doing. Artist Sacha Jafri painting on the helipad at the Burj Al Arab Jumeirah hotel in Dubai.
Persons: Sacha Jafri, Jafri, I've, Andre Abdoune, Emad Salehi Organizations: Oxford, Ruskin School of Art, CNBC, Burj, Burj Al Arab Jumeirah Locations: Dubai, London, U.S, British, U.A.E, Burj Al Arab
Britain's King Charles leaves the London Clinic after receiving treatment for an enlarged prostate in London, Britain January 29, 2024. King Charles III will resume his public duties next week following treatment for cancer, Buckingham Palace announced Friday. Charles took a break from public appearances almost three months ago to focus on his treatment for an undisclosed type of cancer. The palace said Charles would make a public visit to a cancer treatment center on Tuesday in the first of several appearances he will make in coming weeks. One of his first major engagements will be hosting a state visit by the emperor and empress of Japan in June.
Persons: Britain's King Charles, King Charles III, Buckingham, Charles, ″ Charles, Rishi Sunak, Charles ', Princess, Duke, Duchess, Prince Harry, Meghan — Organizations: Clinic Locations: London, Britain, Japan, Wales, Sussex
London CNN —King Charles III is making plans to install around 2,000 solar panels in the grounds of Sandringham Estate, in a sustainability drive that could see the entire country property powered by zero-carbon energy. The new venture, confirmed to CNN by a Sandringham Estate spokesperson, will provide renewable energy to power Sandringham House and the visitors’ center, with any surplus electricity returned to the grid. 06:03 - Source: CNNThe solar panels will be built on a secluded plot of land near Sandringham House, currently used as horse-grazing paddocks. The King’s latest venture follows the installation of a small number of solar panels on the roof of Sandringham House in early 2022. The monarch’s private residence, Highgrove House in Gloucestershire, also has some solar panels in its gardens.
Persons: London CNN — King Charles III, Charles, Highgrove, won’t, , Steve Gower, paddocks Organizations: CNN’s Royal, London CNN, Sandringham Estate, CNN, Sandringham House, Norfolk Constabulary Locations: London, Sandringham, Gloucestershire, Dubai
Lily Allen is happy to leave her kids in economy while she flies first class. But Allen said she's not a fan of people boasting on social media about refusing to swap their first class seat with families. AdvertisementBritish singer Lily Allen has weighed into the great debate over whether children should be allowed to sit in first class on flights. Allen said she's happy to send her kids to economy class while she takes a seat in first class. "I'm going in first class, she's going in economy."
Persons: Lily Allen, Allen, she's, , Miquita Oliver, Ethel, Marnie, David Harbour, Oliver, Miquita, Lily, ANGELA WEISS, it's, Allen doesn't, , They've, I'd, I'm Organizations: Service, Radio Locations: British, New York, London
Critical Role promotes the game by streaming it on their Twitch channel to their 1.3 million fans . AdvertisementThe latest three-episode installment of Candela is helmed by Critical Role core cast member Liam O'Brien, who I once called the crew's heartbreak prince. "You are not going to feel like an overpowered warrior in this game," O'Brien told me. To be sure, Critical Role and the projects the company is running, from animation to new tabletop games, are prime targets for investment in nerd world. AdvertisementFollowing their sold-out live show at London's Wembley Arena, Critical Role on Thursday announced that they're taking the game to a live venue in Los Angeles.
Persons: , Denis Villeneuve's, who've, Liam O'Brien, Taliesin Jaffe, Imari Williams, Aimee Carrero, Alexander Ward, O'Brien ratcheted, O'Brien, Williams Organizations: Service, YouTube, Business, Darrington Press, CR, Amazon, London's Wembley, United Theater Locations: Los Angeles, LA
CNN —Actress Sophia Bush has come out as queer, a year after announcing that her short-lived marriage had ended. The 41-year-old star of “One Tree Hill” has opened up about her love life in an intimate feature-length magazine article. Instead of running away, I doubled down on being a model wife,” she wrote. Among them was former soccer player Ashlyn Harris, whom Bush said she had known for four years and who was splitting from her wife and former teammate, Ali Krieger. She described “falling in love” with Harris, adding: “I sort of hate the notion of having to come out in 2024.
Persons: Sophia Bush, Grant Hughes, , , Ashlyn Harris, Sydney Leroux, Todd Williamson, Peacock, Bush, acceping, Ali Krieger, Harris, I’m, I’ve, ” Bush Organizations: CNN, FIFA, Gracias Locations: Los Angeles, London’s, LA
The Fed aims to keep inflation at 2% over the longer run. Meanwhile, among the 20 countries that use the euro, annual consumer price inflation has slowed steadily since the start of the year. Fed Governor Michelle Bowman said earlier this month that she would favor a rate hike “should progress on inflation stall or even reverse.”So why does the United States appear to have a bigger inflation problem than Europe? Some economists argue there isn’t actually much daylight between the US and European rates of inflation, pointing to a quirk in the US measures. The measure is designed to track inflation in the real estate market while accounting for the fact that most Americans own their homes.
Persons: Michelle Bowman, Paul Donovan, Simon MacAdam, , MacAdam, ” Carsten Brzeski, Janet Yellen, Jim Watson, Brzeski, , ” Davide Oneglia Organizations: London CNN, Federal Reserve, European Central Bank, PCE, UBS Global Wealth Management, Capital Economics, ING, CNN, Monetary Fund, Washington, Reuters, Getty, , ECB, Lombard Locations: United States, Europe, Centreville , Maryland, AFP, Russia, Ukraine
London CNN —Britain’s King Charles III will resume public duties next week following “a period of treatment and recuperation,” Buckingham Palace announced Friday, two months after revealing that he was being treated for cancer. But the palace spokesperson did clarify that Charles was not expected to carry out a full summer program. Charles’ last public appearance was on Easter Sunday when he went to church in Windsor with several family members. Throughout his treatment, the King has continued to carry out his constitutional duties, receiving his daily red boxes and paperwork. Charles announced his cancer diagnosis and that he would step back from public-facing duties while undergoing treatment in early February.
Persons: London CNN — Britain’s King Charles III, ” Buckingham, Queen Camilla, Naruhito, Masako, King, Millie Pilkington, Camilla, couturier Fiona Clare, , ” King Charles III, George's, Hollie Adams, Charles, Charles ’, Rishi Sunak’s, Charles ’ rubberstamping, Benjamin Key, Catherine , Princess of Wales, Kate, Prince Louis ’, Prince William, Princess Anne, Prince Edward, Prince, Wales Organizations: London CNN, , Westminster Abbey, Easter, CNN, St, CNN’s Royal, Naval Staff Locations: British, London, Buckingham Palace, Normandy, St, Windsor , England, Windsor, George’s, Rwanda, West Midlands
Australia-based BHP on Thursday said it had made an all-share takeover offer which valued the smaller company at £31.1 billion ($38.9 billion). "The BHP proposal is opportunistic and fails to value Anglo American's prospects, while significantly diluting the relative value upside participation of Anglo American's shareholders relative to BHP's shareholders," he said. Anglo American Chairman Stuart Chambers said the proposed restructure was "highly unattractive, creating substantial uncertainty and execution risk borne almost entirely by Anglo American, its shareholders and its other stakeholders." Shares of Anglo American Platinum rose more than 2% on the announcement, while Kumba Iron Ore moved 0.9% lower. Chambers said that, in its current state, Anglo American was "well positioned" to benefit from that energy transition.
Persons: BHP's, Stuart Chambers, Chambers, — CNBC's Jenni Reid Organizations: BHP Group, BHP, CNBC, Limited, Iron Ore Limited Locations: Australia, London, American, South Africa
NEW LOOK 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 . In today's big story, we're looking at how the latest GDP data has shifted the expectations of where the economy is headed. Now, the economy will need some type of event (see: bubble popping) for rate cuts to become an option anytime soon, Miskin said. Energy price shocks could bring the world economy to a "vulnerable moment," chief economist Indermit Gill warned.
Persons: , TikTok, they're, you'd, Jia Feng, It'll, Insider's Madison Hoff, It's, Jerome Powell, Anna Moneymaker, BI's Filip De Mott, Jamie Dimon, Matt Miskin, Miskin, Mark Zuckerberg, C, Cox, Jenny Chang, Rodriguez, Goldman Sachs, Guess what's, Indermit Gill, Alphabet's, Redmond, Tyler Le, Doug McMillon, execs, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Reserve, stagflation, JPMorgan, Wall Street, John Hancock Investment Management, Galatioto Sports Partners, Bank, Google, Big Tech, Microsoft, Health, Linkedin, YouTube, ExxonMobil Locations: Chevron, New York, London
In this photo illustration a DarkTrace logo is displayed on a smartphone with stock market percentages in the background. LONDON — British cybersecurity firm Darktrace on Friday announced it had agreed a sale to U.S. private equity giant Thoma Bravo, for an all-cash offer of $5.315 million. Darktrace shares were 17% higher at 10:26 a.m. London time. Darktrace was founded in 2013 and is based in the U.K. city of Cambridge, which has attracted a cluster of tech firms over the last decade. Darktrace on Friday said it had rejected previous unsolicited proposed offers from Thoma Bravo because the tech company assessed they did not fairly value the business.
Persons: Darktrace, Thoma, Thoma Bravo, Mike Lynch Organizations: Thoma Bravo, London Stock Exchange Locations: London, U.S, Asia, U.K, Cambridge, Darktrace, Thoma
Meta stock plunges on ‘aggressive’ AI spending plans
  + stars: | 2024-04-25 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +2 min
London CNN —Shares in Meta plunged in premarket trading Thursday as the Facebook owner’s plans to “invest aggressively” in artificial intelligence spooked investors. The company is competing head-to-head with Microsoft and Google to unlock the enormous potential of AI. Meta (META), which also owns WhatsApp and Instagram, said Wednesday that first-quarter profit more than doubled year-on-year, while revenue was up 27%. Meta said full-year capital expenditure would be in the range of $35-40 billion — up from previous guidance of $30-37 billion — as it continues to accelerate infrastructure investments to support AI. Meta has forecast revenue of $36.5-39 billion, versus analyst expectations of $38.2 billion.
Persons: , ” Sophie Lund, Yates, Hargreaves Lansdown, Meta, Mark Zuckerberg, , Stephen Innes Organizations: London CNN —, Meta, Facebook, Microsoft, Google, , Management
London CNN —Mining giant BHP has made a near-$40 billion bid to take over its UK rival Anglo American in what would be the largest mining deal on record. BHP said in a statement Thursday that it valued Anglo American shares at £25.08 ($31.40) apiece, or £31.1 billion ($38.9 billion) in total. The potential deal would have a higher value than the $38.3 billion acquisition of Switzerland’s Xstrata by commodities company Glencore in 2012, according to Dealogic data. It would also be the biggest merger or acquisition in the mining industry by value since Dealogic began collecting the data in 2004. Shares in Anglo American soared as much as 13.8% on the news.
Persons: BHP, Dealogic, , Mike Henry, ” Susannah Streeter, Hargreaves Lansdown, Rob North Organizations: London CNN — Mining, BHP, London Metals, Oz Minerals, United Kingdom’s, London Stock Exchange, City of, Hargreaves Locations: Australia, City, City of London
LONDON — Barclays on Thursday reported first-quarter net income attributable to shareholders of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul. Analysts polled by Reuters had expected net profit attributable to shareholders of £1.29 billion for the quarter, according to LSEG data. Barclays reported a net loss of £111 million in the fourth quarter of 2023 due to an operational shake-up designed to reduce costs and improve efficiencies. The overhaul saw the reorganization of the business into five operating divisions, separating the corporate and investment bank to form: Barclays U.K., Barclays U.K. Corporate Bank, Barclays Private Bank and Wealth Management, Barclays Investment Bank and Barclays U.S. Consumer Bank. The bank also pledged to return £10 billion to shareholders between 2024 and 2026 through dividends and share buybacks.
Persons: C.S, Venkatakrishnan, — CNBC's Elliot Smith Organizations: LONDON, Barclays, Reuters, Tesco Bank, Corporate Bank, Barclays Private Bank, Wealth Management, Barclays Investment Bank, Barclays U.S . Consumer Bank
CNN —Two Household Cavalry horses which broke free and ran through the streets of London on Wednesday are in a “serious condition,” a British government minister has said. The army said in an update on X on Thursday that five horses tried to bolt and four broke loose. The two horses are said to be in a "serious condition." Footage emerged on social media on Wednesday of the horses running through central London. Jordan Pettitt/PAStartling footage emerged on social media on Wednesday showing the two horses – one apparently covered with blood – running through Aldwych in central London.
Persons: , we’ll, James Cartlidge, Nick Ferrari, Cartlidge, ” Cartlidge, Jordan, Jordan Pettitt Organizations: CNN, Cavalry, British Army, LBC, Sky News, Britain’s, Media, Mercedes, Household Cavalry Locations: London, Vida, Aldwych, Clermont, Buckingham, Hyde, Buckingham Palace
In today's big story, we're looking at how millennials have seen their wealth explode over the past few years. Millennials, the oft-maligned generation , are a lot better off financially than you might realize. A new report found millennials saw their wealth double from the end of 2019 through 2023, writes BI's Juliana Kaplan. Whatever the case, millennials' wealth can keep growing. The Department of Justice is investigating the consultancy for its past work advising opioid companies about how to boost their sales , The Wall Street Journal reported on Wednesday.
Persons: , Iurii Garmash, Tyler Le, millennials, BI's Juliana Kaplan, Harry Potter fanfiction didn't, Millennials, Gen Xers, eyeing, Juliana Kaplan, Gen, Chelsea Jia Feng, Jamie Dimon, Devin Nunes, Mark Zuckerberg, they've, There's, Nathan Congleton, Blackstone, Donald Trump's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Business, Studio, Getty, millennials, Slaven, The New York Times, Nvidia, Trump Media, House Republicans, Meta, Green, Getty Images Google, Apollo, KKR, Justice, Street, Wednesday, McKinsey, NFL, US Locations: That's, Chelsea, premarket, NBCU, New York, London
Joyce Preston, who's from the UK, turned 100 in March. It was also the year that Joyce Preston, who turned 100 years old last month, was born in the British town of Stockport. There, she starts her day by doing yoga or gentle exercise and loves going for walks. Joyce Preston/ Care UKPreston never married, and her biggest tip for reaching 100 is to "stay single." Joyce Preston/ Care UKBe religiousAs a founding member of an independent evangelical church, religion is important to Preston, and she believes it has contributed to her long life.
Persons: Joyce Preston, , Preston, Bryan Johnson, Paul Dolan, Preston doesn't, Rose Anne Kenny, doesn't, Joseph Maroon, Heidi Tissenbaum Organizations: Service, Care UK's, Court, Abney Court, Abney Court Care, US Bureau of Labor Statistics, Care, London School of Economics, Guardian, gerontology, Trinity College Dublin, LongeviQuest, University of Locations: who's, Ottoman Empire, Soviet Union, Stockport, Preston, Abney, Latin America
Mining giant BHP Group on Thursday said it had made an all-share takeover offer for rival Anglo American , valuing the smaller company at £31.1 billion ($38.9 billion). Anglo American shares leapt at the market open and were 12% higher at 9 a.m. in London. Australia-based BHP, the biggest listed miner according to Companies Market Cap, said that the deal would deliver 0.7097 BHP shares per Anglo American share to Anglo American's ordinary shareholders. Anglo American has a huge copper operation based in South America and a production target for the metal of 730,000 to 790,000 tons in 2024. This compares with a copper output aim between 1.7 million and 1.9 million for BHP over the same period.
Organizations: Mining, BHP Group, BHP Locations: London, Australia, American, South America
U.K. tech startup Synthesia unveiled a new range of AI-generated avatars that can convey emotions like happiness, sadness, and frustration. Nvidia -backed artificial intelligence firm Synthesia on Thursday unveiled a new wave of AI-generated digital avatars that can convey human emotions using a user's text inputs. The company said its "Expressive Avatars" can blur the lines between the virtual world and real characters. In one demonstration, the company showed three lines of text being inserted into its platform — "I am happy. The company's technology is used by more than 55,000 businesses, including half of the Fortune 100, to make digital avatars for corporate presentations and training videos, according to Synthesia.
Persons: Synthesia, Kleiner Perkins Organizations: Nvidia, Fortune, Accel, GV, FirstMark, MMC Locations: London
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