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Halved oil palm kernels are seen on the trade floor of a commodities conference and exhibition in Kuala Lumpur. “Orangutan diplomacy will not solve Malaysia’s deforestation crisis,” Heng Kiah Chun, a regional campaign strategist for Greenpeace Southeast Asia, told CNN. By 2012, their numbers had dropped by almost two-thirds, to 104,700 and the decline has continued,” the WWF report said. Therefore it is crucial that all remaining orangutan habitats are conserved,” WWF Malaysia told CNN in a statement. “Orangutan conservation is best achieved by ensuring the protection and conservation of their natural habitats – and that no further forest conversion into palm oil plantations is allowed.”
Persons: , Johari Abdul Ghani, ” Ghani, Tengku Bahar, ” Stuart Pimm, Pimm, Ghani, ” Heng Kiah Chun Organizations: CNN, Getty, Duke University, Malaysia’s Ministry of, Commodities, Chengdu Research Base, Visual China, Malaysian, World Wildlife Fund, WWF, Rimba, Greenpeace Southeast, CNN Conservation, WWF Malaysia Locations: China, Australia, Malaysia, Asia, Indonesia, Kuala Lumpur, Beijing, Malaysian, EU, India, Tengku, AFP, South Carolina, Greenpeace Southeast Asia, WWF Malaysia, Borneo, Brunei,
Party boats that sell alcohol on board will also be prohibited to be within one nautical mile of the areas included in the decree. The original 22-article decree introduced in 2020 was sparked by media reports of “uncivil behavior in certain tourist areas” of Mallorca and Ibiza, attributed in large part to alcohol consumption. That behavior had damaged the image of the destinations and given rise to a nightlife scene that diminished the areas for residents. The decree outlined measures for tourist accommodations, the sale and advertising of alcoholic beverages, sanctions and other measures to curb dangerous or disruptive behavior. The newly modified Responsible Tourism Decree allocates 16 million euros (about $17.2 million) from a sustainable tourism tax to help the affected areas finance projects to encourage responsible tourism.
Persons: CNN — Organizations: CNN, Party, , Canary Islands Locations: Ibiza, Mallorca
The Academy of Motion Picture Arts and Sciences on Friday announced a global $500 million fund-raising effort to help diversify its base of support and ensure its financial future in a period of transformation for the film industry and the nonprofit cultural sector. “Both are going through radical business model shifts right now due to changing audience habits and revenue streams,” Bill Kramer, the chief executive of the Academy of Motion Picture Arts and Sciences, said in an email. The academy plans to use about $300 million of the new funds to bring its endowment to $800 million; the remainder will go toward operating expenses and special projects. The academy currently has an annual operating budget of about $170 million, 70 percent of which comes from its Oscars broadcast deal with Disney and ABC, which runs through 2028. About $45 million of the operating expenses are used by the Academy Museum of Motion Pictures.
Persons: Bill Kramer, Organizations: Motion Picture Arts, Sciences, Academy of Motion Picture Arts and Sciences, Disney, ABC, Academy Museum of Motion Pictures Locations: Rome, Italian
Some are practicing something called "AI washing," which Securities and Exchange Commission chair Gary Gensler explained in a video includes "false claims to investors by those purporting to use those new technologies." In reality, what AI washing leads to is a breakdown of confidence between vendors and their consumers, enterprise partners and investors. Bates says so-called button-pushing applications are AI washing, too. "These prompts that are being sold as AI companies, they have to be maintained and monitored and adjusted in order to work." Stewart says even 80–90% gross profitability for a fully AI company with limited human intervention is standard.
Persons: they're, Gary Gensler, It's, it's, Michael Stewart, Timothy Bates, Bates, Toby Coulthard, Coulthard, Microsoft's, Stewart Organizations: Securities, Exchange, SEC, Inc, University of Michigan, Flint College of Innovation & Technology, Lenovo, General Motors
John F. Kirby, a White House national security spokesman, said President Biden is concerned that an Israeli assault on Rafah would strengthen Hamas. Smashing into Rafah, in his view, will not advance that objective, will not get to that sustainable, enduring defeat of Hamas. But Mr. Biden has grown increasingly wary of a major assault in the densely populated city of Rafah in southern Gaza. Credit... Abir Sultan/EPA, via ShutterstockMr. Kirby also tried to assuage concerns that the United States was breaking with its closest ally in the Middle East. Mr. Biden’s decision to pause certain weapons shipments to Israel underscored brewing frustrations between Mr. Biden and Prime Minister Benjamin Netanyahu of Israel.
Persons: John F, Kirby, Biden, Israel “, ” Mr, Israel —, Israel, Mr, CNN’s Erin Burnett, Abir, Biden’s, , Benjamin Netanyahu, Netanyahu, God’s, Organizations: White House, ., American, Congress Locations: Rafah, Israel, Gaza, United States, , I’m, Israeli, Abir Sultan, Egypt
It is unfortunate that President Biden chose to announce his pause of some weapons sales to Israel while on a political campaign swing through Wisconsin. I use that word — “unfortunate” — not because I don’t understand why Biden did so, but because the move has enabled Benjamin Netanyahu to deflect attention from the fact that the most dangerous leader threatening Israel today is not Biden but Bibi. Netanyahu’s policies have not and will not produce a sustainable victory in Gaza, cannot secure Israel against its greatest existential threat — Iran — and are endangering world Jewry and undermining America’s broader Middle East strategic needs and goals. That is the real source of tension between Washington and Jerusalem today. It is not Biden’s temporary hold on sending Israel a fresh supply of 2,000-pound bombs and some other offensive weapons — which Biden has been warning Israel for months that he would do if Israel attempted to pulverize Rafah, the way that it did Gaza City and Khan Younis, without an evacuation of civilians.
Persons: Biden, Benjamin Netanyahu, Bibi, Israel, Khan Younis, Itamar Ben, Gvir, Hamas ❤️ Biden Organizations: Israel, National Security, Hamas Locations: Israel, Wisconsin, Gaza, Iran, Washington, Jerusalem, Rafah
Wedbush reiterates Apple as outperform Wedbush said it's standing by its outperform rating on shares of Apple . Bank of America reiterates Palantir as buy Bank of America said it's standing by its buy rating on shares of Palantir. Bank of America initiates Apogee Therapeutics at buy Bank of America said the biotech company has best-in-class potential. Bank of America upgrades Bumble to buy from neutral Bank of America sees "multiple expansion" for the dating app company. Bank of America reiterates Walmart as buy Bank of America said it's bullish heading into Walmart earnings on May 16.
Persons: Bernstein, Wedbush, Palantir, Wells, CRNC, Stifel, TD Cowen, Morgan Stanley, Raymond James, it's, Bumble, Lear, Tesla, Oppenheimer, Guggenheim Organizations: Nvidia, Citi, Cheesecake, Apple, Worldwide, " Bank of America, Bank of America, Mizuho, Apogee Therapeutics, Warner Brothers Discovery, HSBC, TPG, of America, Dominion, underperform Bank of America, Dominion Energy, Barclays, Nike, Walmart, Supercenters, Moffett Locations: WWDC, Palantir, OW, U.S
Stocks have been churning higher lately after Fed Chair Jerome Powell indicated rate hikes are likely off the table , a position that investors expect is a bullish event for equities. A strong earnings season, as well as some cooler labor data , also have investors more optimistic in this year's outlook. On Friday, all three major averages are on pace for a winning week, with the 30-stock index up by more than 2%. The market reaction Inflation data has been crucially important this year for investors. Export Price Index (April) 8:30 a.m. Housing Starts (April) 8:30 a.m.
Persons: Jerome Powell, Mike Dickson, Stocks, Dickson, Jeff Buchbinder, Buchbinder, Strategas, Jason De Sena Trennert, Ken Mahoney, Mahoney, Charles Schwab, Price Organizations: Federal Reserve, Dow Jones, Treasury, Horizon Investments, Nasdaq, UBS, Investments, ICE, Fed, LPL, Asset Management, Walmart, Deere, Retail, Cisco, Price, Housing, Philadelphia Fed, Manufacturing, Materials Locations: NAHB
One investor says growth stocks still offer opportunities — but it's time to get selective. "Growth stocks will continue to outperform value stocks, generally speaking. Growth stocks are expected to grow rapidly, but do not pay out dividends and are often often more expensive than so-called value stocks. When considering which stocks to buy, Coons stressed the importance of valuations. "I would stay away from growth stocks outperforming because of story and invest in those with real revenue and earnings growth."
Persons: Adam Coons, Coons, PayPal Holdings Coons, " Coons, Moody's Organizations: Winthrop Capital Management, CNBC Pro, PayPal Holdings, PayPal, C Technologies, SS Locations: Coons
Last month, the company rolled out a new temporary "Spring Bonus," which he said was called Spring Bonus and not the "permanent bonus program" because he wanted to set expectations. For Instagram's bonus program to be successful, it would need to meet three criteria, according to Mosseri:It's a sustainable model, and Meta is not "burning cash." 'The thing I'm most excited about is subscriptions'The bonus program wasn't the only feature top of mind for Mosseri. Advertisement"The thing I'm most excited about is subscriptions," Mosseri said. And while it isn't useful for every creator, Instagram recently announced that there are now 2 million active subscriptions to creators on the app.
Persons: , Adam Mosseri, Mosseri, — Haley Kalil, Hassan Khadair —, Instagram, she's, Kalil, I'm, TikTok, Snapchat, We're, That's, it's, YouTube's Organizations: Service, Meta's, YouTube, Business, Meta Locations: York
A White House spokesman warned on Thursday that Israel “smashing into Rafah” would not eradicate Hamas as he urged the country to find alternatives to the long-threatened assault on a city where more than a million Palestinians are sheltering. But Mr. Biden has grown increasingly wary of a major assault in the densely populated city of Rafah in southern Gaza. “An enduring defeat of Hamas certainly remains the Israeli goal, and we share that goal with them,” Mr. Kirby said. On Wednesday, he said he would also withhold artillery if Israel went ahead with a major operation in Rafah. “If they go into Rafah, I’m not supplying the weapons that have been used historically to deal with Rafah, to deal with the cities, that deal with that problem,” Mr. Biden said in an interview with CNN’s Erin Burnett.
Persons: Israel “, John F, Kirby, Biden, ” Mr, Israel —, Israel, Mr, CNN’s Erin Burnett Organizations: White House Locations: Rafah, Israel, Gaza, United States, , I’m
Select Water Solutions will be a winner thanks to its recent business changes, according to Citi. The company, which provides sustainable water services for the oil and gas industry, recently began a strategic pivot toward its water infrastructure business, which is focused on the management and recycling of produced water. The analyst noted that Select Water Solutions is currently trading at a discount to its peers. The company is currently trading at a little over four times its earnings before interest, taxes, depreciation and amortization over the next 12 months, while its competitor Aris Water Solutions is trading near a 6.5 multiple, he added. Further, the downside risk to slowing demand for frac water appears to have passed with higher oil prices," Gruber said.
Persons: Scott Gruber, Gruber Organizations: Citi, Solutions, Aris Water Solutions, M
Plenty of companies are reining in their rhetoric and in some cases action on issues such as sustainability and diversity. Over the past decade, many corporations have at least professed to take a more active role in social issues, under pressure from their customers and, more importantly, employees. After last year's Bud Light debacle, which was a real blow to its business, executives fear they'll be the next target of some anti-woke outcry. For the fourth quarter of 2020, 131 companies mentioned ESG, and 34 mentioned DEI or diversity and inclusion. This may be a great un-wokening, but maybe corporate America was actually never that committed to the idea in the first place.
Persons: Paul Polman, It's, Naomi Wheeless, Eventbrite, Donald Trump, Larry Fink, George Floyd's, ESG, Andrew Jones, there's, Bud Light, influencer Dylan Mulvaney, haven't, Philip Mirvis, Bud, they'll, they'd, Jones, it's, Fink, FactSet, — we're, wasn't, Alison Taylor, University's, we've, Roe, Wade, Taylor, isn't, Dylan Mulvaney, Bud Light's, Kenneth Pucker, Emily Stewart Organizations: Unilever, Unilever wasn't, Unilever isn't, Companies, Business, Sporting Goods, Conference Board's ESG, Morningstar, Babson, AIG, Amazon, ExxonMobil, University's Stern School of Business, Anheuser, Busch, Fletcher School, Tufts University Locations: Plenty, America, ESG, New, Charlottesville
This incident serves as an example of the urgent need for a profound shift toward sustainable space practices. Proponents of a circular space economy advocate for a transformative departure from this wasteful paradigm. Much like embracing reusable materials on Earth, transitioning to a circular space economy means designing space systems with reuse, refurbishment and recyclability in mind. The European Space Agency (ESA) has emerged as a trailblazer in the pursuit of a circular space economy. By leading the charge toward sustainable space practices, NASA can inspire other space agencies and private companies to follow suit.
Persons: Moriba Jah, Otero, Moriba Jah Mark Thiessen, wasn’t, I’m, Artemis Organizations: MacArthur Fellowship, University of Texas, CNN, Space, European Space Agency, ESA, NASA, Space Shuttle, Twitter, Facebook Locations: Austin, Naples , Florida, Naples
Kimmie Gilbert couldn't seem to lose weight despite trying diets, exercise, and medication. Research suggests that gut microbiome composition might play a role in a person's weight. AdvertisementKimmie Gilbert has one pressing question: "What in the world are y'all eating that I'm not eating that causes y'all to lose weight and not me?" In 2019, health tech had a global market value of approximately $350 billion, according to McKinsey. A microbe called Prevotella, which is associated with weight loss, wasn't found at all in her gut.
Persons: Kimmie Gilbert couldn't, Gilbert, , Kimmie Gilbert, y'all, Eran Segal, Annie Gupta, Goodman, Rob Knight, Jack Gilbert, wasn't, Gupta, Prevotella, Segal Organizations: Service, Netflix, McKinsey, BMI, Weizmann Institute of Science, UCLA, Luskin, UC San Diego Locations: New Orleans
Juventus is a 127-year-old Italian soccer club with a long history of success. With 32.7 million followers, Juventus' account is the fifth-most-followed soccer team on the platform, and its audience is bigger than that of the NBA or WWE. It's also the sixth in the world across all social media, according to data from the soccer analysis platform Football Benchmark. From left: Juventus players Wojciech Szczęsny and Kenan Yıldız with YouTuber Celine Dept during the launch day of Juventus Creator Lab. One of the areas of the new Juventus Creator Lab.
Persons: It's, Juventus, Mike Armstrong, Cristiano Ronaldo, Paulo Dybala, Armstrong, Filippo Alfero, he's, we've, fandoms, it's, Wojciech Szczęsny, Kenan Yıldız, Celine, Daniele Badolato Organizations: Juventus, UEFA Champions, NBA, WWE, Business, Juventus FC, Amazon Prime, YouTube, EA Sports, Getty, Juventus FC At Locations: Italian
Readers have been asking me, and I have been asking myself of late, how I feel about the campus demonstrations to stop the war in Gaza. My problem is not that the protests in general are “antisemitic” — I would not use that word to describe them, and indeed, I am deeply uncomfortable as a Jew with how the charge of antisemitism is thrown about on the Israel-Palestine issue. If you are for that, whatever your religion, nationality or politics, you’re part of the solution. If you are not for that, you’re part of the problem. And from everything I have read and watched, too many of these protests have become part of the problem — for three key reasons.
Locations: Gaza, Israel, Palestine, Beirut, Jerusalem
There's a growing risk of a stock market melt-up, according to market veteran Ed Yardeni. Yardeni said the return of the "Fed Put" means stocks could soar on the anticipation and realization of interest rate cuts. But stock market melt-ups are rarely sustainable and are often followed by a painful decline. With it comes increased risk of a stock market meltup," Yardeni said. For investors, the question is whether or not a potential stock market melt-up and subsequent decline will happen at prices a lot higher or lower from current levels.
Persons: Ed Yardeni, Yardeni, , Jerome Powell, Yardeni's Organizations: Service, Federal, Wall Street
Israel and Hamas are engaged in tense cease-fire talks despite fighting in Rafah. Israel wants to keep its right to conduct more operations in Gaza, an analyst told Al-Jazeera. AdvertisementCease-fire talks to end the fighting in Gaza are still taking place in the background, despite Israel's military incursion into Rafah. The IDF's ongoing military operation comes as Israel and Hamas are engaged in tense talks to broker a cease-fire deal. This could lead to Netanyahu, Israel's longest-serving prime minister, losing power and an investigation into how Hamas' October 7 terrorist attacks were allowed to happen on his watch, he said.
Persons: Netanyahu, , Nadav Shoshani, Shoshani, Al Jazeera, Benjamin Netanyahu, didn't, Ismail Haniyeh, Israel, Mairav, Yossi Mekelberg, Israel's, Mekelberg Organizations: Al, Service, The New York Times, Israel Defense Forces, Business, Sky, Crisis Group, Chatham House's, North Africa, International Court of Locations: Israel, Rafah, Gaza, Cairo, Egypt, Qatar, East
Candid conversationsThrough candid conversations and shared narratives, members of the DANG community confront taboo topics such as gender-based violence, discrimination, body image, mental health, and reproductive rights. This ultimately led Agoro to create the #DangAfterHours series, a no-holds-barred discussion on sex and sexuality, a real taboo subject in Nigeria, Agoro says. Soon after, she launched her DANG Lifestyle and skincare business which has grown largely through word of mouth through the DANG community, Agoro says. Despite aiming her message squarely at women, Agoro doesn’t discount a future where men would be integrated into the community. “I now get men commenting and saying to me, ‘We are DANG men too, include us in the conversation.’ We are happy to have them in the conversation.
Persons: Agoro, , , ’ ” Agoro, , , ’ ”, Organizations: Nigeria CNN —, Twitter, CNN Locations: Lagos, Nigeria, Nigerian, I’m, skincare, Dang, USA, Ghana, Kenya
"How does leadership plan to address these concerns and regain the trust, morale and cohesion that have been foundational to our company's success?" "Despite the company's stellar performance and record earnings, many Googlers have not received meaningful compensation increases" a top-rated employee question read. Google's use of cashThere were a lot of employee questions ahead of last week's meeting directed at the company's buyback, Porat said. With respect to the decline in morale brought up by employees, Pichai said "leadership has a lot of responsibility here, adding that "it's an iterative process." CNBC reported last week that Google is laying off at least 200 employees from its "Core" organization, which includes key teams and engineering talent.
Persons: Sundar Pichai, Loren Elliott, Ruth Porat, We've, Alphabet's, Hollie Adams, Porat, Prabhakar Raghavan, dory, Pichai, Ted, Larry Page, Jim Cramer Organizations: Inc, Government, Society, Bloomberg, Getty, Google, Economic, Finance, CNBC Locations: Stanford , California, Davos, Switzerland, U.S
The Quwwat-ul-Islam mosque is part of the UNESCO-listed Qutb Minar complex. Scientists both in India and abroad began studying the iron pillar in Delhi in 1912 to try to figure out why it hadn’t corroded. Stuart Forster/ShutterstockBeyond its metallurgical intrigue, the origin of the Iron Pillar is also veiled in mystery. In the epic poem “Prithviraj Raso,” penned by Chand Bardai, a courtier in the Chahamana dynasty under King Prithviraj Chauhan, the Iron Pillar holds great significance. “Bardai describes the Iron Pillar in Raso as a nail holding the Earth on the hoof of Sheshnag, the serpent king in Hindu mythology,” says Vikramjit.
Persons: Qutb, Anders Blomqvist, Balasubramaniam, Stuart Forster, Gupta, Chandragupta II, Vikramaditya, Vishnu, It’s, Garuda, Vikramjit Singh Rooprai, King Vikramaditya, Siddhanta, , Raja Anangpal, Qutbuddin, Prithviraj Raso, Chand Bardai, King Prithviraj Chauhan, “ Bardai, “ Raso, Anangpal, Qutub, Ravi Pratap Singh, Pragya Nagar Organizations: CNN, New Delhi’s UNESCO, UNESCO, Indian Institute of Technology, National Metallurgical Laboratory, Indian Institute of Metals, Varāhamihira, ASI, Survey Locations: Mehrauli, Islam, India, Delhi, Kanpur, Varah, Udayagiri Caves, Vidisha, Madhya Pradesh, , Mihirapuri, Tomar, Raso
China stocks have staged such a strong rally after a protracted slump for the past few years that they're beating even the S & P 500 so far this year. The MSCI China index, which includes the mainland A-shares, Hong Kong-listed shares and U.S.-listed China names, has jumped around 9%, while the KraneShares CSI China Internet ETF is up around 13%. Most analysts said whether the rally can be sustained will largely depend on China policy. How to play China Though most were bullish on China stocks, they would be selective in stock-picking. They include: SPDR S & P China ETF iShares MSCI China A ETF Global X MSCI China Consumer Disc ETF iShares MSCI Hong Kong ETF — CNBC's Michael Bloom contributed to this report.
Persons: Bernstein, it's, , Goldman Sachs, Kevin Liu, CICC, Nomura's, Goldman, Kweichow, Ping, Morningstar, Michael Bloom Organizations: U.S, CSI China, Investors, CICC Research, CNBC, BYD, SAIC, Changan Automobile, Energy, Anhui, Cement, JPMorgan, Kuaishou, Ping An Insurance, China Merchants Bank, Hong, China, iShares, China Consumer Locations: China, Hong Kong
Before Meta stepped away from nearly all its dealings with the news industry, Mark Zuckerberg considered getting more entangled with it than ever. Between 2017 and 2018, the founder and CEO of Facebook, as it was still known, seriously considered acquiring a news outlet. His focus eventually turned to The Associated Press, the storied news agency service, according to three people familiar with internal Facebook talks surrounding the idea. Around this time, Zuckerberg weighed another option for Facebook to start a news organization, the three people said. This idea was also ultimately abandoned, mostly due to concerns about public blowback and trust in Facebook at the time.
Persons: Meta, Mark Zuckerberg, Zuckerberg, Jeff Bezos, Chan Zuckerberg, Donald Trump, Facebook's Organizations: Facebook, Associated Press, Washington Post, Chan Zuckerberg Initiative, AP, Meta
Israeli officials said on Tuesday that major gaps remained with Hamas over the latest proposal for a cease-fire in Gaza, as delegations from both sides arrived in Cairo to resume talks. Hamas said on Monday that it had accepted the terms of a cease-fire proposed by Arab mediators, and U.S. officials said it had minor wording changes from a proposal that Israel and the United States had recently presented to the group. But Israeli officials disputed that characterization, with Prime Minister Benjamin Netanyahu saying on Tuesday that his war cabinet unanimously believed the proposal Hamas had agreed to was “very far from Israel’s core demands.”The text of the revised proposal was circulating in Israeli news media on Tuesday and was confirmed as authentic by a senior Hamas official. A person briefed on the negotiations also described the differences in the two sides’ positions. That proposal left those two words open to interpretation.
Persons: Benjamin Netanyahu Organizations: Hamas Locations: Gaza, Cairo, Israel, United States, Egypt
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