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The Blue Lagoon geothermal spa near the fishing town of Grindavik, Iceland, on May 23, 2024. Iceland wants tourists to flock to its bubbling hot springs, picturesque ice caps and lunar-like lava landscapes — but not at the expense of its residents or natural environment. "We are trying still to mold the taxation system for the tourism sector for the future," Iceland's Prime Minister Bjarni Benediktsson told CNBC via videoconference. As I see it, we would want to go more toward accession fees to the magnets, as we call them, around the country," Benediktsson said. Iceland's government reinstated its so-called tourism tax at the start of the year, seeking to raise funds for sustainability programs and mitigate the environmental impact of mass tourism.
Persons: Bjarni Benediktsson, Benediktsson Organizations: CNBC Locations: Grindavik, Iceland, Amsterdam, Venice
In a 2023 InterNations survey of over 12,000 expats, Germany was voted one of the countries expats hate to live in the most. AdvertisementWhen asked where I'm from, saying I'm American" doesn't suffice. Sadly, I'm also still stuck in my native English head, which doesn't delineate between a formal and informal "you," either. We're three hours by train from Amsterdam, three and a half hours by train from Paris, and four hours by train from London. Despite all the mistakes, misunderstandings, and episodes of embarrassment, I can honestly say that I'm grateful for everything living in Germany has brought me.
Persons: , I've, it's, JENS SCHLUETER, I'm, We've Organizations: Service, Business Locations: Germany, United States, Los Angeles and New York, Europe, Amsterdam, Paris, London
Executives and investors at the Money20/20 event in Amsterdam last week told CNBC that valuations have corrected from unsustainable highs from the industry's heyday in 2020 and 2021. Iana Dimitrova, CEO of embedded finance startup OpenPayd, told CNBC in an interview at the firm's booth that the market has "recalibrated." "Value is now ascribed to businesses that manage to prove there is a solid use case, solid business model," Dimitrova told CNBC. In 2021, global fintech funding reached an all-time peak of $238.9 billion, according to KPMG. Nanu added that the trend mimics the "craziness" fintech saw in terms of frothy valuations in 2020 and 2021.
Persons: Long, Dimitrova, Horacio Villalobos, Revolut, Prajit Nanu, fintech, Nanu, OpenPayd's Dimitrova, OpenPayd, Crypto, Andrea Pirlo, Fintech execs, they're, James Black, IVP, We've, Black, Charles McManus, Chris Ratcliffe Organizations: Bloomberg, Getty, AMSTERDAM, CNBC, RAI, KPMG, Companies, U.S ., ClearBank, Global Summit Locations: Amsterdam, Lisbon, Portugal, fintech, Italian, stablecoins
A new endorsement of Starbucks from a top Wall Street research firm doesn't budge our skepticism about the coffee giant's ability to deal with the multiple challenges holding back its stock. Goldman Sachs on Thursday initiated coverage of Club name Starbucks with a buy rating and a $100-per-share price target. That price target represents more than 25% upside to the prior session's close. That night, we downgraded the stock to a 2 rating and cut our price target to $90 per share. A store of Starbucks Coffee shop chain located in Amsterdam city center with people sitting inside, enjoying a coffee after shopping in the cafe, while others are walking by.
Persons: Goldman Sachs, Jim Cramer, Goldman, Jim, Laxman Narasimhan, Narasimhan, Jim Cramer's, Nicolas Economou Organizations: Starbucks, CNBC, Nurphoto, Getty Locations: China, Amsterdam
Americans shouldn't expect interest rate cuts to head their way anytime soon. Related stories"It may be bad, partly, because it is driven in part by uncertainty and fear and high interest rates holding back activity," Pollak added. "And if I had to bet, I bet that we will get two rate cuts, one in September and one in December." Some Democratic lawmakers have been pushing the Fed to cut rates and give Americans some breathing room, especially after the European Central Bank cut rates earlier in June for the first time in five years. "The Fed's decision to keep interest rates highs continues to widen the rate gap between Europe and the U.S, as the lower interest rates could push the dollar higher, tightening financial conditions," they wrote, adding: "You have kept interest rates too high for too long: it is time to cut rates."
Persons: there's, Jerome Powell, Powell, Julia Pollak, ZipRecruiter, It's, Pollak, Nick Bunker, Joseph Briggs, Goldman Sachs, we're, David Kelly, Kelly, Elizabeth Warren, Jacky Rosen, John Hickenlooper Organizations: Service, Reserve, Business, North America, Morgan Asset Management, Democratic, European Central Bank Locations: United States, Amsterdam, Sens, Europe
Hotel prices are exploding. As the owner of Destination Europe, she is sending “record numbers” of clients to the continent this year. There’s been such a huge demand for travel in the past three years, and lots of places are pushing up prices.”Is summer in Europe already a washout? Socrates Baltagiannis/picture alliance/Getty ImagesData from Hotel Monitor, American Express Global Business Travel’s annual analysis of worldwide hotel rates, backs his theory up. His prediction appears to be coming true: although the Amex GBT analysis predicted a 11% spike in Paris hotel rates this year, so far they have only risen 8%.
Persons: “ There’s, , Tom Jenkins, ” Kayla Zeigler, Graham Carter, , There’s, you’re, it’s, Eric Gaillard, Reuters It’s, they’re, Eiffel, Hagia Sophia, Jenkins, Tim Hentschel, that’s, It’s, Milos, Hotelplanner's Tim Hentschel, Socrates Baltagiannis, Hentschel, haven’t, Conde Nast, Hayley Berg, Hopper, Berg, Jaime Reina, , ’ ” They’re, Daniela Santanchè, ” Zeigler, Carter, , Charles de Gaulle, ” They’re, Zeigler, ” –, – Berg, bookers, Henry Nicholls Organizations: CNN, European Tourism Organisation, Unforgettable, , Reuters, Getty, Hotel Monitor, American Express Global, , AFP, Italy –, Games Locations: Europe, Bosnia, Bulgaria, Denmark, Iceland, Poland, Romania, Sweden, Switzerland, Czech, Hungarian, Ukrainian, Ukraine, Turkish, Hagia, Venice, Paris, Amsterdam, Dublin, Berlin, Stockholm, Barcelona, London, Murcia, Marbella, Windsor, Paddington, Rome, Athens, Venice’s, Mallorcan, Italy, Amalfi, Positano, Amalfi Coast, Puglia, Sicily, Slovenia, Croatia, Ireland, Portugal, France, airfare, London's, AFP
Saravutvanset | Room | Getty ImagesAMSTERDAM, Netherlands — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the U.S. and take on big players in the space like SAP and venture-backed firms Brex and Ramp. "We see an opportunity to have much better unit economics in this business," Borisov told CNBC at the Money 20/20 conference in Amsterdam, Netherlands, this week. Payhawk is a corporate spend management platform that issues smart cards for clients' employees to make payments and keep track of their expenses. Consolidation the name of the gamePayhawk recorded huge growth in the first quarter, the company told CNBC. Now, Payhawk wants to grow its U.S. footprint in a big way — and M&A will be a key to unlocking that growth, according to Borisov.
Persons: Hristo Borisov, Borisov, Payhawk, we're Organizations: Getty Images, CNBC, American Express Locations: Getty Images AMSTERDAM, Netherlands, U.S, Amsterdam
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorldpay president: AI could help combat fraud in payments industryGabriel de Montessus, president at Worldpay, speaks to CNBC's Arjun Kharpal at the Money 20/20 tech conference in Amsterdam.
Persons: Gabriel de Montessus, CNBC's Arjun Kharpal Organizations: Worldpay Locations: Amsterdam
The company sought to expand abroad by applying for an Irish banking license, which would have given the bank access to the European Union market. AMSTERDAM — Digital bank Starling will not re-apply for a European Union banking license and instead pursue international expansion through its software business, the incoming CEO said, in a diverging approach to overseas growth from some of its rivals. Raman Bhatia outlined the company's international expansion plans on Wednesday, in his first public remarks since his appointment as CEO in March, taking over from founder Anne Boden. Bhatia said that the company has no plans to re-apply for the EU banking license to push into new countries. Instead, international expansion will be driven by Engine, a software platform that Starling sells to other companies, so they can set up their own digital banks.
Persons: Raman Bhatia, Starling, Bhatia, Goldman Sachs, Anne Boden Organizations: OVO Energy Ltd, European Union, AMSTERDAM —, CNBC, Salt Bank, AMP Locations: AMSTERDAM, Thailand, Salt, Romania, Australia
The withdrawal risk of quitting antidepressants
  + stars: | 2024-06-05 | by ( Kristen Rogers | ) edition.cnn.com   time to read: +7 min
Roughly 15% of participants who discontinued antidepressants experienced withdrawal symptoms such as dizziness, headaches, nausea, insomnia and irritability, according to the review published Wednesday in the journal The Lancet Psychiatry. The review is the first publication of a larger project on antidepressant withdrawal symptoms, the authors said. The authors also discovered the medications most often linked with withdrawal symptoms were desvenlafaxine, venlafaxine, imipramine and escitalopram. The rate of withdrawal symptoms in pharma-funded studies was about the same as trials not funded by pharmaceutical companies. The study didn’t provide information on the duration of withdrawal symptoms, but other research suggests they can last for up to two weeks in most cases, Keedwell said.
Persons: , Jonathan Henssler, ” Henssler, Sameer Jauhar, Jauhar wasn’t, ” Jauhar, Christiaan Vinkers, weren’t, Tony Kendrick, , ” Kendrick, Henssler, Jauhar, Oliver Howes, Howes wasn’t, Paul Keedwell, wasn’t, Keedwell, ” Keedwell Organizations: Lifeline, CNN, neurosciences, Charité — University Medicine, King’s College London, Pharmaceutical, pharma, Amsterdam University Medical Center, University of Southampton, Cleveland Clinic, Royal College of Psychiatrists Locations: United Kingdom, Berlin, England
The fundraising round was led by an undisclosed Southeast Asian sovereign wealth fund and backed by venture capital firms BOND, NewView Capital, and Tribe Capital. That marks a 30% discount to its previous valuation of $2 billion, which the firm notched in 2022 when it last raised external venture capital. Nanu said his company's down round was the result of a broader depression in public market valuations of fintech companies. He noted the example of Stripe, which raised a $95 billion valuation in the heady days of 2021 before slashing its value to $50 billion and then boosting its valuation to $65 billion in secondary share transactions. "Banks have gone from, crypto is hot, to not crypto, to crypto," he added.
Persons: Prajit, Nanu, he's, Banks, It's, Bitcoin Organizations: Westend61, Getty Images, CNBC, NewView, Tribe Locations: Getty Images AMSTERDAM, Netherlands, U.S
Ahead of the summer travel season, leaders in many tourist spots have adopted measures to tame the tourist crowds — or at least earn more revenue from them. The goal is to ensure that tourism functions smoothly for visitors and locals alike, said Megan Epler Wood, managing director of the Sustainable Tourism Asset Management Program at Cornell University. “All tourism is dependent on beautiful natural and cultural resources. You have to protect those resources in order to be a viable tourism destination — and if you don’t, they degrade,” Ms. Epler Wood said. In some places, proposals for new fees or visitor rules have drawn opposition from residents, who fear they might scare away the tourists who bolster the local economy.
Persons: Megan Epler Wood, Ms, Epler Wood Organizations: Tourism, Management, Cornell University Locations: Bali . Higher, Amsterdam, Paris, Milan, Majorca
I spent 30 hours on a train traveling from New York City to Miami in October 2021. While on the longest train journey I've ever taken, I found ways to keep comfy and pass the time. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . So, instead of flying just under three hours from New York City to Miami for a reporting trip, I booked a 30-hour Amtrak journey — the longest train ride I've ever taken. This was back in 2021 when the longest train ride I'd been on was about 3.5 hours when traveling from Amsterdam to Paris, but the thought of spending 30 hours on a train appealed to me.
Persons: , I've Organizations: Service, Business Locations: New York City, Miami, Amsterdam, Paris
We've got you covered if you're looking for how to get tickets to Childish Gambino's 2024 tour. Childish Gambino 2024 North American tour scheduleChildish Gambino's world tour kicks off on August 11, 2024, and will end on February 11, 2025. How to buy tickets for Childish Gambino's 2024 concert tourYou can buy original tickets to see Childish Gambino's 2024 tour on Ticketmaster. Compared to similar touring acts, prices for tickets to Childish Gambino's 2024 concerts are fairly reasonable. There are already 27 international dates scheduled for Childish Gambino's 2024 tour.
Persons: Childish Gambino, Donald Glover, Mrs Smith, King, Glover, Bando Stone, Childish Gambino's, We've, Childish, StubHub, Willow Organizations: Business, FL, UT, AZ, IL, Ticketmaster, StubHub, North Locations: Atlanta, Oklahoma City , Oklahoma, Perth, Australia, North America, Europe, New Zealand, Oklahoma, Kansas City, Milwaukee, Columbus, Detroit, MI, Toronto, ON, Canada, Pittsburgh, Philadelphia, Boston, Uncasville, Brooklyn, NY, Washington, Raleigh, NC, Nashville, TN, Tampa, New Orleans, LA, Houston, Austin, Dallas, Denver, Salt Lake City, Phoenix, Los Angeles, CA, San Francisco, Vancouver, BC, Portland, Seattle, WA, Calgary, AB, Edmonton, Paul, Chicago, Lyon, France, Milan, Italy, Cologne, Germany, Hamburg, Oslo, Norway, Copenhagen, Denmark, Prague, Czech Republic, Berlin, Paris, Munich, Brussels, Belgium, Amsterdam, Netherlands, Manchester, England, Glasgow, Scotland, London, Birmingham, Dublin, Ireland, Auckland, Brisbane, Sydney, Melbourne, Los Angeles ,, Oceania
Read previewInfluential proxy advisor Institutional Shareholder Services (ISS) has recommended that Tesla shareholders vote against Elon Musk's proposed $56 billion pay package. AdvertisementIt comes after Glass Lewis, another leading proxy advisory firm, also urged Tesla investors to vote against the deal. Tesla was quick to respond to the report in a letter to shareholders titled "What Glass Lewis Got Wrong About Tesla." Related storiesOn the other hand, Glass Lewis urged shareholders to reject the proposed move, saying it offered them "uncertain benefits and additional risk. "ISS and Glass Lewis effectively control the stock market," he added.
Persons: , Elon Musk's, Musk, Glass Lewis, Tesla, John Thys, Lewis Organizations: Service, Services, ISS, Tesla, Bloomberg, Business, Company, Getty, Harvard Law, Corporate, SpaceX, Boring Company Locations: Texas, Amsterdam, AFP, Tesla, Delaware
Those searching for pockets of opportunities in the region can look to Goldman Sachs' selection of "alpha" stock opportunities. Goldman Sachs' list of opportunities include stocks with "deep value" and "defensive growth" characteristics. The company's shares are traded in the First Trust United Kingdom AlphaDEX Fund (1.2% weight) and Goldman Sachs ActiveBeta Europe Equity ETF (0.3%). 'Strong top-line prospects' Growth stocks the Wall Street bank is bullish on include those "with strong top-line prospects at reasonable growth-adjusted valuations." ASML: Goldman said the company has a "multi-decade competitive moat in High NA, which will be extremely difficult to replicate for the next 10-20 years at least."
Persons: Goldman Sachs, JD, Goldman, ASML, CNBC's Michael Bloom Organizations: Alpha, Sports Fashion, International Consolidated Airlines Group, ISS, First, United, AlphaDEX Fund, Equity, U.S . Global Jets ETF, NA, Euronext Amsterdam, Nasdaq Locations: U.S, Danish, Europe, Adyen
A person died after getting caught in an engine at Amsterdam Schiphol Airport. The incident is the second well-documented case of a death involving a plane engine in 2024. AdvertisementA person has died after ending up in a plane's engine at Amsterdam Schiphol Airport on Wednesday. "A fatal incident took place at Schiphol today during which a person ended up in a running aircraft engine," the airline said in a statement. In January, a 30-year-old man died after climbing inside a Delta Air Lines plane's engine at Salt Lake City airport.
Persons: , It's, De Telegraaf, Rintel Organizations: Amsterdam Schiphol Airport, Service, Embraer, KLM, Business, Dutch Royal Military Police, Delta Air Lines, Security, American Airlines Locations: Amsterdam, Billund, Denmark, Schiphol, Salt Lake City
There, a recent article belittled an international warrant to arrest Russia’s president, Vladimir V. Putin, for war crimes. It repeated, word for word, an article that had appeared a day before under a different byline on the website for RT, Russia’s global television network. RT, which the U.S. State Department describes as a key player in the Kremlin’s disinformation and propaganda apparatus, has been blocked in the European Union, Canada and other countries since Russia invaded Ukraine in 2022. Sites like Man Stuff News, however, have helped RT sidestep the restrictions and continue reaching European and American audiences, according to a new report. Many of the articles were then further disseminated through social media.
Persons: Beard, Labor ”, , Vladimir V, Putin, Alex Jones Organizations: Labor, RT, U.S . State Department, European Union, German Marshall Fund, University of Amsterdam, Institute for Strategic, San, San Francisco Telegraph Locations: Canada, Russia, Ukraine, San Francisco
CNN —A person has died after falling into an airplane jet engine at Schiphol Airport in Amsterdam, the Netherlands, on Wednesday. “We are currently taking care of the passengers and employees who witnessed the incident at Schiphol,” KLM added on Wednesday. Schiphol Airport, which is one of Europe’s busiest aviation hubs, described the event as a “horrible incident” in a post on X. In December 2022, an airport worker died in an accident at the Montgomery Regional Airport in Alabama after also being ingested into the engine of an aircraft. And in December 2015 an engineer at Mumbai airport died after being sucked into the engine of an Air India plane.
Persons: Michel van Bergen, Organizations: CNN, Schiphol, Netherlands Royal Military, KLM, ” KLM, Montgomery Regional Airport, Embraer, Envoy, National Transportation Safety, Air, Airbus, Air India Locations: Amsterdam, Netherlands, Schiphol, Billund, Denmark, Alabama, Mumbai, Air India
A person died on Wednesday after they “ended up” inside a running plane engine at Schiphol Airport in Amsterdam, officials said, although the circumstances of the person’s death remained unclear. KLM Royal Dutch Airlines, the flag carrier of the Netherlands, said in a statement that the episode involved its Flight KL1341, which had been scheduled to take off for Billund, Denmark. “We are currently taking care of the passengers and employees who witnessed the incident at Schiphol,” the airline said. It was unclear whether the person who died, whose name had not been made public, entered the plane’s engine or whether they were pulled into it. KLM did not say whether the person who died was an airline employee or airport worker.
Persons: Organizations: Schiphol, KLM Royal Dutch Airlines, KLM Locations: Amsterdam, Netherlands, Billund, Denmark, Schiphol
On a balmy spring morning, after a breakfast of coffee and plain yogurt at a luxury Manhattan hotel, Jaap van Zweden grabbed his bag of conducting batons and scores by Mozart and Gubaidulina and set out for Lincoln Center through the wilds of Central Park. “I love the air, I love the trees,” he said. “Everybody can do whatever they want here. This is freedom, absolute freedom.”Van Zweden, 63, will leave the New York Philharmonic this summer after six seasons as its music director, the shortest tenure of any maestro since Pierre Boulez, the eminent French composer and conductor who led the Philharmonic in the 1970s. But throughout his tenure, van Zweden, an intense, exacting maestro from Amsterdam, faced persistent questions about whether he had the star power, creative drive and strong connection to New York needed to lead the Philharmonic.
Persons: Jaap van Zweden, Mozart, Gubaidulina, , ” Van Zweden, Pierre Boulez, Van Zweden, David Geffen, van Zweden Organizations: Lincoln Center, New York Philharmonic, Philharmonic, David Geffen Hall Locations: Manhattan, Central, French, Amsterdam, New York
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CNN —Rapper Nicki Minaj apologized to fans outside her hotel in Manchester early Sunday morning for postponing a UK show after she was stopped by Dutch authorities on allegations she was carrying drugs. “I love you and I’m so sorry this happened tonight,” Minaj said in a video posted on social media. Minaj had earlier revealed the name of her Manchester hotel in a post on X, and invited fans to see her. In this still from Nicki Minaj's Instagram Live, the rapper is ushered out of her vehicle by police at Amsterdam’s Schiphol Airport. Another Nicki Minaj concert is scheduled at the Co-op Live, Manchester, for Thursday, May 30.
Persons: Nicki Minaj, ” Minaj, Minaj, “ I’m, I’ll, , , Nicki Minaj's Instagram, Tanya Maraj, Royal Netherlands Marechaussee, CNN’s Caitlin Danaher Organizations: CNN, Amsterdam’s, Airport, Royal, Schiphol Airport, Public, Office Locations: Manchester, Amsterdam, Netherlands, Royal Netherlands, Birmingham
PARIS — Chinese electric carmakers are pushing ahead with expansion into Europe, even as politicians raise the possibility of high tariffs on vehicles from the world's second largest economy. The result of this probe could lead to tariffs on Chinese EV imports. The U.S. has already taken such a step, with the Biden administration imposing 100% tariffs on Chinese EV imports this week. Chinese EV makers have been aggressively expanding overseas, as they look to challenge Elon Musk's Tesla internationally but also to gain an early lead ahead of established automakers. China's EV industry has boomed over the years thanks to incentives and support from the Chinese government, which has concerned politicians in Europe and the U.S.
Persons: Xpeng, BYD, Biden, Elon Musk's Tesla, Bruno Le Maire Organizations: European Commission, EV, Companies, U.S, CNBC, French Finance Locations: Amsterdam, Netherlands, France, Paris, PARIS, Europe, China, U.S
We were going to Paris to see Taylor on May 9, 2024. AdvertisementStrong enjoyed every moment of the Taylor Swift concert in Paris. When Jennifer asked if I wanted to see Taylor with her in Paris, it was a no-brainer. Five of us went to the concert, including Jennifer, 32, another granddaughter, Brianne Pattison, 36, and my daughter-in-law, Kay Strong, 66. I'm happy that the younger generation knows there are older people like me who love to have fun in their life.
Persons: , Nancy Strong, Jennifer, Taylor Swift's, We've, — I, Taylor, I've, Taylor Swift, she'd, Asa, Strong, Jennifer Strong, Brianne Pattison, Kay Strong Organizations: Service, Business, MTV, Kanye West Locations: New York, Europe, Paris, Dallas, Reading , Pennsylvania, Reading, Antarctica, South America, Amsterdam, Anthropologie
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