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“The industry is evolving,” says Desmond Cawley, hotel manager at SIRO, One Za’abeel. This kind of light therapy treatment has its roots in NASA’s experimentation with red light therapy in the 1990s to boost plant growth in space and help heal wounds in astronauts. Rebecca Cairns/CNNEven at SIRO, with all its cutting-edge tech, Cawley has observed a surge of interest in mindfulness activities like meditation. Of course, at SIRO, there’s even a high-tech alternative to this: “vibroacoustic therapy,” the sci-fi equivalent of a gong bath. Tech to help you disconnect might seem excessive, but for SIRO, the integration of health data is the future of wellness, providing guests with a data-driven, personalized wellness program.
Persons: , Desmond Cawley, SIRO, Dubai’s, Adam Peaty, Ramla Ali, Cawley, it’s, Rebecca Cairns, Boka, , Beth McGroarty, that’s, ” McGroarty, SIRO isn’t, McGroarty, , there’s Organizations: CNN, AC Milan football, Kerzner, Global Wellness Institute, bros, Equinox Locations: Dubai, Montenegro, New York City, SIRO, Cryotherapy
A United Airlines Airbus A320 flight bound for Denver had to turn back after takeoff. A piece of its engine's sound-dampening outer liner fell off, causing an "abnormal noise." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA United Airlines flight from Connecticut to Colorado had to turn back shortly after takeoff after a piece of its engine cover fell off. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: United Airlines Airbus, Service, United Airlines, Airbus, Bradley International Airport, Federal Aviation Administration, Crew, FAA, Business Locations: Denver, Connecticut, Colorado, Hartford
Oil prices slip as rate hike worries come into focus
  + stars: | 2024-06-21 | by ( ) www.cnbc.com   time to read: +1 min
Working oil pumpjacks dot the landscape on oilfields on the outskirts of Taft, Kern County, California on Sept. 21, 2023. Crude oil futures slid in early trade on Friday on the prospect of higher-for-longer interest rates in Asia and the United States, while falling U.S. oil inventories kept prices from moving lower. Japan's core consumer prices last month gained 2.5% from a year earlier, data showed on Friday, growing from the previous month and keeping the country's central bank on track to raise interest rates higher in the coming months. U.S. data released on Thursday showed that the number of Americans filing new claims for unemployment benefits fell in the week ended June 14, with broader strength in the jobs market persisting. Higher interest rates typically weigh on economies and, in turn, on oil demand.
Persons: Bob Yawger Organizations: Brent, U.S . Federal, Energy Information Administration, EIA, Mizuho Locations: Taft, Kern County , California, Asia, United States, U.S, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInterest rate differential is the biggest driver of Asian currency weakness: Deutsche BankSameer Goel of Deutsche Bank says that "dollar exceptionalism" and interest rate differentials are behind the devaluation of Asian currencies.
Persons: Bank Sameer Goel Organizations: Bank, Deutsche Bank
The United States and China resumed semi-official nuclear arms talks in March for the first time in five years, with Beijing's representatives telling U.S. counterparts that they would not resort to atomic threats over Taiwan, according to two American delegates who attended. The United States and China resumed semi-official nuclear arms talks in March for the first time in five years, with Beijing's representatives telling U.S. counterparts that they would not resort to atomic threats over Taiwan, according to two American delegates who attended. The Chinese representatives offered reassurances after their U.S. interlocutors raised concerns that China might use, or threaten to use, nuclear weapons if it faced defeat in a conflict over Taiwan. The two countries briefly resumed Track One talks over nuclear arms in November but those negotiations have since stalled, with a top U.S. official publicly expressing frustration at China's responsiveness. The Pentagon, which estimates that Beijing's nuclear arsenal increased by more than 20% between 2021 and 2023, said in October that China "would also consider nuclear use to restore deterrence if a conventional military defeat in Taiwan" threatened CCP rule.
Persons: interlocutors, David Santoro Organizations: The, Reuters, People's Liberation Army, State Department, U.S, Pentagon Locations: States, China, Taiwan, The United States, Beijing, Taipei, U.S, Washington, Shanghai
Gold prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year. Gold prices were poised for a second consecutive weekly gain on Friday, driven by safe-haven demand amid tensions in the Middle East and rising bets that the U.S. Federal Reserve might reduce interest rates later this year. Spot gold was up 0.1% at $2,360.95 per ounce as of 0344 GMT, after hitting a two-week high in the previous session. Lower interest rates reduce the opportunity cost of holding non-yielding bullion. Spot silver fell 0.4% to $30.60 per ounce, platinum was up 0.4% at $982.45 and palladium gained 0.8% to $930.98.
Persons: Bullion, Kelvin Wong, Wong, Luca Santos Organizations: U.S . Federal, Asia Pacific, Gaza, ACY Locations: Gaza, OANDA, U.S
With his two impeachments, a criminal conviction and an attempt to overturn the last election, Trump gave Biden plenty to work with. Biden has been road testing his character attacks on Trump for weeks in fundraising events and they’re now increasingly being parroted by campaign officials. Biden seeks to move the goalposts with ads during soccer tournamentThe Biden campaign is now making daily pitches to a significant corner of his coalition showing signs of stress. On Thursday, the Biden campaign turned to Hispanic voters — another key voting bloc where polls suggest he is underperforming. Biden’s character attacks on Trump represent his best attempt to remind Americans of the fateful nature of the choice they will face in November.
Persons: CNN — Joe Biden, Donald Trump, he’s, , Trump, Biden, Trump’s, it’s, Biden –, Biden’s, he’d, they’re, Bill Clinton, Hillary Clinton, He’s, Jean Carroll, Mitch Landrieu, “ Joe Biden, ” Landrieu, Manu Raju, ” Jasmine Harris, , Barack Obama, Lionel Messi Organizations: CNN, Trump, Biden, Black, Copa América, Argentina, NBC Locations: New York, Virginia, America, Black, Central Park , New York, Pennsylvania, Michigan, Wisconsin, Philadelphia, Detroit, Milwaukee, Atlanta, West, Arizona, Nevada, Georgia
Real estate companies around the world are eyeing one area right now: data centers, according to Citi. Citi noted the push toward data centers is being driven by major themes such as artificial intelligence and nearshoring. More industrial companies are looking to convert warehouses into data centers, Citi noted. Stocks to benefit The bank named three "direct beneficiaries" of rising data center demand: U.S.- listed real estate investment trust Digital Realty Trust , data center firm Equinix and Australia-listed NextDC . Paul Hanna | Bloomberg | Getty ImagesReal estate companies around the world are eyeing one area right now: data centers, according to Citi.
Persons: Stocks, There's, Keppel DC REIT, Paul Hanna Organizations: Citi, Digital Realty Trust, Digital Realty, Equinix, Nvidia, Keppel DC, Industrial Trust, Inc, Talavera de la Reina, Bloomberg, Getty Locations: datacenters, Equinix, Australia, Singapore, India, Talavera de, Spain
The three-judge appeals panel that denied Mr. Bannon’s emergency motion on Thursday was split, 2 to 1, with Judge Justin R. Walker dissenting. Judge Walker noted that Mr. Bannon was petitioning the Supreme Court to consider his case and wrote that he should remain free until it decides whether to hear his appeal. Mr. Bannon’s lawyers have argued that his case involves important legal questions surrounding the separation of powers. At trial, they argued that Mr. Bannon was acting on the advice of lawyers who counseled him that he could disregard the subpoena under former President Donald J. Trump’s executive privilege. Mr. Bannon had served briefly as Mr. Trump’s top political adviser in the White House but had left the position long before the attack on the Capitol.
Persons: Stephen K, Bannon’s, Bannon, Trump, Justin R, Walker, Judge Walker, Donald J, Trump’s Organizations: Capitol
Mike Segar | ReutersBEIJING — Chinese authorities this week announced new policy for supporting venture capital, raising hopes for faster approvals of initial public offerings in the near future. The new policy included a section on expanding exit channels for venture capital, with an emphasis on supporting companies with technological breakthroughs. Investors, especially those who put U.S. dollars into China-based venture capital funds, have preferred IPOs in the U.S. as the largest and most liquid market. Separately, the U.S. has increased its scrutiny of U.S. capital going into China, especially military-related entities. The China Securities Regulatory Commission has increased fines for misleading investors and clarified requirements for overseas IPOs.
Persons: Mike Segar, Marcia Ellis, Morrison Foerster, Ellis, Winston Ma, Ming Liao, Didi, Morrison Foerster's Ellis, Fang Xinghai, Fang Organizations: New York Stock Exchange, Reuters, State Council, U.S, Venture, NYU School of Law, Investors, Prospect, CNBC, China Securities Regulatory Commission Locations: Manhattan, New York City , New York, U.S, Reuters BEIJING, China, Prospect Avenue, Hong Kong, London
Darden Restaurants CEO Rick Cardenas said there's been a small shift from fast food to casual dining. Several casual chains now offer discounted combo deals to attract diners seeking better value. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCustomers fed up with increasingly high prices at fast-food restaurants are taking action, and they may be turning to places like Chili's and Applebee's instead. Rick Cardenas, the CEO of Darden Restaurants, said as much during a quarterly earnings call on Thursday.
Persons: Rick Cardenas, there's, , Darden, Chris Steak Organizations: Darden, Service, Olive Garden, LongHorn, Business Locations: Olive
Even so, Japan's top currency diplomat Masato Kanda stressed on Friday that Tokyo stands ready to take further "resolute" action against "speculative, excessive volatility". The dollar index was little changed at 105.66, on course for a slight weekly gain that would extend its winning streak to three weeks. Sterling was flat at $1.2657, sticking close to the $1.2655 low from Thursday, a level last seen on May 17. The BoE kept rates on hold, but some policy makers said the decision not to cut was "finely balanced". The European Central Bank kicked off its rate cutting cycle earlier this month.
Persons: Tony Sycamore, Sycamore, Masato Kanda, Sterling, BoE Organizations: U.S, Federal, Swiss, Swiss National Bank, Bank of England, Bank of, IG, U.S . Treasury, European Central Bank, Fed Locations: Japan, China, Tokyo
How Britain’s Labour Party Became Electable Again
  + stars: | 2024-06-21 | by ( Mark Landler | ) www.nytimes.com   time to read: +1 min
Two weeks before an election that is expected to catapult him into 10 Downing Street, the leader of Britain’s Labour Party, Keir Starmer, is tiptoeing on the campaign trail, the latest practitioner of the “Ming vase strategy.”The phrase, which refers to a politician gingerly avoiding slips to protect a lead in the polls, is credited to Roy Jenkins, a more freewheeling British politician, who likened a previous Labour candidate, Tony Blair, on the eve of his 1997 landslide, to a man “carrying a priceless Ming vase across a highly polished floor.”In truth, Mr. Starmer has been carrying the vase for a lot longer than this six-week campaign. He has nursed his party’s double-digit polling lead for more than 18 months, methodically repositioning Labour as a credible center-left alternative to the divided, erratic, sometimes extremist Conservatives. It’s the culmination of an extraordinary four-year project, in which Mr. Starmer, 61, purged his left-wing predecessor, Jeremy Corbyn, and his loyalists; went after the anti-Semitism that had contaminated the party’s ranks; and pulled its economic and national security policies closer to the center.
Persons: Keir Starmer, Roy Jenkins, Tony Blair, Starmer, Jeremy Corbyn Organizations: Downing, Britain’s Labour Party, Labour Locations: British
Throughout my time working at CNBC, I've chatted with different entrepreneurs, from people who started successful side hustles to the founders of global unicorn companies. In my conversations with successful entrepreneurs, I've found that those who became successful and "made it" tend to echo the same advice. Advice #2: Lean into what makes you uniqueAnother piece of advice Mahlum gave is to lean into what makes you yourself. "I think the best advice that I can give to fellow entrepreneurs is to be different," he told CNBC. Advice #4: Just get startedIn all my conversations with entrepreneurs, by far, the one piece of advice I've heard the most, is to simply get started.
Persons: Shawn Tsao, I've, Jason McGowan, McGowan, they'd, Anne Mahlum, Solidcore Anne Mahlum, Mahlum, Edward Tirtanata, Tirtanata, Uber, Jack Organizations: CNBC, I've, Lean, Nike Locations: New York, Solidcore, Indonesian, Southeast Asia
Vladimir Putin and Kim Jong Un signed a partnership agreement on Wednesday. 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 . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. AdvertisementRussian President Vladimir Putin and North Korean leader Kim Jong Un signed a strategic partnership agreement this week, capitalizing on the two autocratic leaders' overlapping interests — chief among them the desire for a more authoritarian world.
Persons: Vladimir Putin, Kim Jong Un, , Putin, Kim Organizations: Service, North, Business Locations: Russia, North, North Korea
Russia and Vietnam pledged on June 20, 2024 to deepen ties as President Vladimir Putin made a state visit aimed at bolstering his alliances to counter Moscow's growing isolation over the war in Ukraine. Putin and President To Lam agreed to further cooperate in education, science and technology, oil and gas exploration and clean energy. The two countries also agreed to work on a roadmap for a nuclear science and technology center in Vietnam. In Hanoi, Putin also met Vietnam’s most powerful politician, Communist Party General Secretary Nguyen Phu Trong, and Prime Minister Pham Minh Chinh, according to the official Vietnam News Agency. Putin drove to Vietnam’s Presidential Palace on Thursday afternoon, where he was greeted by school children waving Russian and Vietnamese flags.
Persons: Vladimir Putin, Lam, Gavriil Grigorov, Putin, ” Lam, , Kim Jong, Nigel Gould, Davies, , Nguyen Khac Giang, Giang, Nguyen Phu Trong, Pham Minh Chinh, Putin’s, Ridzwan Rahmat, Janes, ” Rahmat, Prashanth, Wilson, Vladimir Lenin, Trong, Nhan Dan, Joe Biden, Xi Jinping, Gould, they’ve, he’s, Parameswaran Organizations: Sputnik, Hanoi Opera, Afp, Getty, North, International Institute for Strategic Studies, Singapore’s, Yusof, Institute, Communist Party General, Vietnam News Agency, Criminal, Kremlin, U.S, Embassy, Security, NATO, Asia, Communist Party’s, Vietnam’s Communist Party Locations: Russian, Hanoi, Russia, Vietnam, Ukraine, Moscow, Asia, Pacific, Eurasia, London, British, Belarus, China, North Korea, U.S, Hague, Korea, Singapore, Soviet Union, Soviet, trickier, Washington
The Wall Street bank estimates that another 1 gigawatts in potential power has been "underwritten as these data centers ramp up." "With $50 billion in committed AI/DC [data center] investments, we see upside to power gencos and grid operators in the region," Morgan Stanley's analysts wrote in a June 2 research note. Below are three stocks from Morgan Stanley's list that stand out for having significant upside potential, according to FactSet's consensus price targets. Analysts polled by FactSet give the stock a price target of 14.62 Malaysian ringgits, giving it around 6% potential upside. Keppel has an ADR in the U.S. and Singapore Telecommunications trades over the counter .
Persons: Morgan Stanley, Morgan, Morgan Stanley's, FactSet, Keppel, — CNBC's Michael Bloom Organizations: Morgan, Google, U.S, Global X FTSE, Asia, Malaysian, Singapore Telecommunications, Singapore Exchange Locations: Tenaga Nasional, Malaysia, Bursa Malaysia, Singapore, Keppel, U.S
Ms. Tatsuta, now a 24-year-old model in Tokyo, recoiled at the assumption that she would someday give birth. As her body began to develop feminine traits, Ms. Tatsuta took to extreme diet and exercise to forestall the changes. “To be seen as a uterus that can give birth before being seen as a person, I did not like this,” she said. Yet in Japan, women who seek sterilization procedures like tubal ligation or hysterectomies must meet conditions that are among the most onerous in the world. That makes such surgeries difficult to obtain for many women, and all but impossible for single, childless women like Ms. Tatsuta.
Persons: Hisui Tatsuta, Tatsuta, Locations: Tokyo, recoiled, Japan, Tatsuta
Photographer: Kentaro Takahashi/Bloomberg via Getty ImagesAsia-Pacific markets were mixed as Japan's May core inflation data came in slightly cooler than expected. The country's core inflation rate — which strips out prices of fresh food — came in at 2.5%. A Reuters poll of economists expected the May core inflation reading to come in at 2.6%, compared to April's 2.2%. The so-called "core-core" inflation, which strips out prices of fresh food and energy, came in at 2.1%. This is lower than April's reading of 2.4%.
Persons: Kentaro Takahashi Organizations: Bloomberg, Getty Images, Bank of Japan Locations: Shibuya, Tokyo, Japan, Getty Images Asia, Pacific
Melinda French Gates endorsed President Joe Biden on Thursday and Elon Musk isn't happy about it. "Might be the downfall of Western civilization," the mercurial billionaire said in response. AdvertisementMelinda French Gates has given her first-ever presidential endorsement, and Elon Musk isn't too happy about it. "Might be the downfall of western civilization," Musk said in response to an X post by The Babylon Bee staffer Ashley St. Clair on Gates' endorsement of Biden. Gates formally endorsed Biden in an X post published Thursday.
Persons: Melinda French Gates, Joe Biden, Elon Musk, Musk, MacKenzie Scott, , Elon Musk isn't, Ashley St, Gates, Biden, I've Organizations: Service, Babylon Locations: Clair
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvest in companies that are using AI to ‘enhance’ what they have: Portfolio managerLuke Stone of Winthrop Capital Management picks Apple and Microsoft to play the artificial intelligence theme.
Persons: Luke Stone Organizations: Invest, Winthrop Capital Management, Apple, Microsoft
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS GWM CIO breaks down the potential impact of the U.S. presidential electionMark Haefele of UBS Global Wealth Management says a second Trump presidency will benefit some bank and commodity stocks, but be "less good" for consumer staples and renewables stocks.
Persons: Mark Haefele, Trump Organizations: UBS, U.S, UBS Global Wealth Management
Companies are increasingly turning to AI to see if it can improve the customer service experience. CVS plans to use AI so that pharmacy customers don't have to go through a menu option, per The Wall Street Journal. They'll be able to talk to the AI before being directed to a live agent, CVS Health CTO told The Journal. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCVS plans to use artificial intelligence in an effort to improve the customer-service experience, CVS Health Chief Technology Officer Tilak Mandadi told The Wall Street Journal.
Persons: They'll, , Tilak Mandadi, Mandadi, Gen Z Organizations: Street, CVS, Service, CVS Health, Wall Street, Business
Diversification is key right now: UBS Global Wealth Management
  + stars: | 2024-06-21 | 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 EmailDiversification is key right now: UBS Global Wealth ManagementJin Yee Young, co-head of UBS Global Wealth Management APAC explains the shift into developed markets fixed income and the growth of private markets investment in Asia.
Persons: UBS Global Wealth Management Jin Yee Young, UBS Global Wealth Management APAC Organizations: UBS Global Wealth Management Locations: Asia
The Taylor Swift Economy Has Landed in Europe
  + stars: | 2024-06-21 | by ( Eshe Nelson | ) www.nytimes.com   time to read: +1 min
It’s not just Taylor Swift fans keeping a close eye on her Eras Tour dates. One of Europe’s most prominent economists is acutely aware that the singer is spending the summer jetting between Europe’s stadiums. Philip Lane, the chief economist at the European Central Bank, had the pop star on his mind when he spoke at an event on Monday. “You managed to say all that without saying Taylor Swift.”Ms. Swift is touring Europe this summer, bringing in her wake hundreds of thousands of Swifties spending on airfare, hotels, restaurants and friendship bracelets.
Persons: It’s, Taylor Swift, Philip Lane, , Ms, Swift Organizations: European Central Bank, Olympics, Wembley Locations: Europe, Paris, Germany
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