Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "EUROPEAN"


25 mentions found


CNN —Huawei is in the midst of one of the most stunning comebacks in the history of the tech industry. The Chinese giant, which has been a flashpoint in the escalating rivalry between Washington and Beijing, says more than 900 million smartphones now use its in-house operating system Harmony OS. Harmony, which is called “Hongmeng” in Chinese, was first unveiled in 2019, months after Huawei was placed on a US trade blacklist that barred American firms from selling tech and software to the Chinese tech company without a license. The US ban prevented companies like Google (GOOGL) from supplying new Huawei devices with its version of Android OS. Sales of the iPhone began bouncing back in May, after the company aggressively cut prices in its largest overseas market.
Persons: ” Richard Yu, It’s, Yu, Huawei’s Organizations: CNN, Huawei, Google, Nvidia, Microsoft, Apple, Research Locations: China, Washington, Beijing, Shenzhen
Apple’s European Headache
  + stars: | 2024-06-24 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +1 min
The $3 trillion company is the first to be charged under the Digital Markets Act, a landmark 2022 E.U. Here are the E.U.’s accusations against Apple:The App Store violates so-called steering rules. Regulators say that app developers cannot easily inform their customers about new offerings, including cheaper deals, within Apple’s ecosystem. The fees Apple charges are excessive. products and services in Europe because of “regulatory uncertainties.”And the company already faces a $2 billion E.U.
Persons: Apple Organizations: Apple, European Union, Digital Markets, Google, Financial Times, Microsoft Locations: Apple’s, Europe
LONDON — Populist British politician Nigel Farage doubled down on claims that the West provoked Russia's war in Ukraine despite facing backlash from Westminster in the crucial final weeks of the U.K. election campaign. Clarifying his comments Saturday, Farage said he was not and never has been "an apologist or supporter of Putin," but claimed that he "saw the war coming" and that the West has "played into Putin's hands." "As I have made clear on multiple occasions since then, if you poke the Russian bear with a stick, don't be surprised if he responds. And if you have neither the means nor the political will to face him down, poking a bear is obviously not good foreign policy." He also recalled comments made to the European Parliament in 2014 — shortly after Russia's annexation of Crimea — in which he questioned NATO's military exercises in Ukraine.
Persons: Nigel Farage, Vladimir Putin's, Putin, Farage, , NATO's Organizations: LONDON, Populist, Telegraph, Reform, NATO, European Union Locations: Populist British, Ukraine, Westminster, Crimea
GUANGZHOU, CHINA - NOVEMBER 17: A GAC Aion Hyper SSR electric sports car is on display during the Auto Guangzhou 2023 at China Import & Export Fair Pazhou Complex on November 17, 2023 in Guangzhou, Guangdong Province of China. The ideal outcome China wants is for the European Commission to revoke its tariff decision by July 4 and adhere to World Trade Organization rules, Global Times reported, quoting observers. China has firmly opposed the tariffs, saying the move was "blatant protectionism" and could violate WTO rules, its commerce ministry said on June 14. A Chinese official told CNBC last week that the EU's probe into Chinese EVs was overly selective and that the results were not credible. Read the full report on Global Times.
Persons: Chen Yihang, Wang Wentao, Valdis Dombrovskis, EVs Organizations: Auto Guangzhou, China Import, Export, Getty Images, Union, Global Times, European Commission, World Trade Organization, EV, CNBC Locations: GUANGZHOU, CHINA, Guangzhou, Guangdong Province of China, China, Beijing
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The tech-centric Nasdaq Composite remained flat, while the Dow Jones Industrial Average had its best week since May, rising 1.45%. The yield on the 10-year Treasury ticked higher and U.S. oil prices rose 2.9% for the week. [PRO] Comeback stocksThe S&P 500 has soared to record levels, fueled by the AI boom, but not all stocks are riding the wave.
Persons: JPMorgan Chase, Goldman Sachs, Tesla, Elon Musk, Musk, Tim Lugo, William Blair's Organizations: CNBC, Nvidia, Microsoft, Apple, Nasdaq, Dow Jones, Citigroup, JPMorgan, Bank of America, Apple Intelligence, Union, Therapeutics, FDA, Organization for Rare Disorders, Nike, Starbucks Locations: U.S
Skyline, Ho Chi Minh City, Vietnam John Harper | Photodisc | Getty ImagesSoutheast Asia has emerged as a top choice for firms looking to diversify production away from China, including Chinese companies, amid escalating tensions between Washington and Beijing. "Southeast Asia is well-placed to benefit significantly from the China+1 phenomenon as both foreign and Chinese companies diversify their supply chains and operations," said Kuo-Yi Lim, co-founder and managing partner of Southeast Asian venture capital firm Monk's Hill Ventures. "The ASEAN-6 region has benefited from a diversification of global and regional supply chain as well as the adoption of 'China+1' strategies. MalaysiaMalaysia has seen semiconductor firms including Intel, GlobalFoundries and Infineon setting up or expanding operations in the country over the last few years amid U.S.-China tensions. Chinese electric vehicle maker BYD plans to start commercial production of EVs in Indonesia in 2026, according to local reports.
Persons: Vietnam John Harper, Kuo, Yi Lim, Lim, Yinglan Tan, Kai Wei Ang, CNBC's, It's, Ang, Anders C, Johansson, , Sokon – Organizations: Photodisc, Getty, Monk's Hill Ventures, ASEAN, Hong Kong SAR, Apple, Ventures Partners, Samsung, BofA Securities, Intel, GlobalFoundries, Infineon, U.S, Monk's Hill Ventures . Industry, Malaysia that's, Stockholm China Economic Research, Stockholm School of Economics, Chery, Singapore Locations: Chi Minh City, Vietnam, Asia, China, Washington, Beijing, Monk's, Indonesia, Malaysia, Philippines, Thailand, Singapore, U.S, Japan, European Union, China & Hong Kong, Hong Kong, Vietnam Vietnam, ASEAN, Malaysia Malaysia, Stockholm China, EVs
After decades of wielding political, military and economic power across Africa, France is scaling back its presence on the continent as it faces significant resentment in many of its former colonies. Yet one nation has emerged as an exception: Rwanda. In return, French companies are scaling up their investments in Rwanda. The détente, which is being championed by Rwanda’s longtime leader, Paul Kagame, has garnered France a much-needed security partner in Africa and secured Rwanda millions of dollars in development and trade funds. “We have a partner in Kagame,” Hervé Berville, a French minister of state, said in an interview in the Rwandan capital, Kigali.
Persons: Rwanda’s, Paul Kagame, Emmanuel Macron, Kagame, ” Hervé Organizations: France Locations: Africa, France, Rwanda, Paris, French, Rwandan, Kigali
The European Commission has accused Apple of stifling competition with its App Store policies. Regulators say Apple is in breach of new tech rules by restricting alternative app promotions. AdvertisementThe European Commission has accused Apple of stifling competition with its App Store. The European regulators said Apple was in breach of new tech rules, known as the Digital Markets Act (DMA), as the company prevents app developers from steering customers to App Store alternatives. Under the European rules, developers should be able to freely inform customers of cheaper purchasing options and steer them toward the offers.
Persons: Apple, Organizations: European, European Commission, Apple, Service, Digital Markets, Business
Traders work on the floor during morning trading at the New York Stock Exchange (NYSE) on March 6, 2024 in New York City. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The tech-centric Nasdaq Composite remained flat, while the Dow Jones Industrial Average had its best week since May, rising 1.45%. Most Asia markets fallMost Asia-Pacific markets were trading lower as investors awaited inflation data from Australia and Japan later this week.
Persons: JPMorgan Chase, Goldman Sachs, Tesla, Elon Musk, Musk, Australia's, Kospi, Seng, Morgan Stanley's Andrew Slimmon Organizations: New York Stock Exchange, CNBC, Nvidia, Microsoft, Apple, Nasdaq, Dow Jones, Citigroup, JPMorgan, Bank of America, Apple Intelligence, Union, Nikkei, Bank of, CSI Locations: New York City, Asia, Pacific, Australia, Japan, Bank of Japan
CNN geolocated the video to be filmed from Xianqiao village in Guizhou province, neighboring the launch site province of Sichuan to the southeast. Other videos circulating on Chinese social media platforms analyzed by CNN showed multiple angles of the falling debris. A screengrab taken from video shows suspected Chinese rocket debris falling over Xianqiao village, Guizhou Province, China, following a launch. Before each launch, China’s civil aviation authority typically issues a notice to pilots, known as NOTAM, to warn them against the “temporary danger areas” where rocket debris are likely to be falling. In 2002, a boy in northern China was injured when fragments from a satellite launch fell on his village in Shaanxi province.
Persons: Xi Jinping, Markus Schiller, unsymmetrical, ” Schiller, , Schiller, who’s, China –, Russia – Organizations: Hong Kong CNN, CNN, China Aerospace Science, Technology Corporation, State, Information Office, Residents, Stockholm International Peace Research Institute, NASA, European Space Agency, ST Analytics Locations: Hong Kong, China, 3p.m, Sichuan, France, United States, Xianqiao, Guizhou province, Guizhou, Xinba, Guizhou Province, Stockholm, Jiuquan, Taiyuan, Hainan Island, Munich, Germany, Western, Russia, Hunan Province, Shaanxi province, , Maldives
The S&P 500 alone has generated an average return of 7% during presidential election years since 1952, according to LPL Financial. If you limit that to election years in which the incumbent president is running for reelection, the average jumps to 12.2%. Yes, but: Market volatility in an election year tends to pick up in October and there are many months left in this cycle with potential surprises to come. “An autumn pullback fits well time wise with potential downside earnings revisions, make-or-break decision time for the Fed, and election uncertainty. The first round of the French election will be held on June 30, with a second round on July 7.
Persons: Goldman Sachs —, Ed Clissold, Ned Davis, they’re, It’s, Goldman Sachs ’ Scott Rubner, , , Mark Hackett, Scott Chronert, Goldman Sachs, Joe Biden, Donald Trump, Jim Reid, There’s, Emmanuel Macron, Katie Nixon, Chris Isidore ., they’ve, Samantha Murphy Kelly, ChatGPT —, Siri —, OpenAI, Siri, ChatGPT, hasn’t, Organizations: London CNN — Traders, Investors, White, Ned, Ned Davis Research, Nasdaq, Citigroup, Goldman, Barclays, Deutsche Bank, UBS, Deutsche, Fed, United, Labour Party, Renaissance, Northern Trust Wealth Management, Alaska Airlines, Alaska —, Southwest —, Southwest, Railway Labor, Apple, Apple Intelligence, Microsoft, Google, Meta, Samsung, Cyberspace Administration, Wall, IDC Locations: United States, France, , Alaska, China
Apple is imposing unfair restrictions on developers of applications for its App Store in violation of a new European Union law meant to encourage competition in the tech industry, regulators in Brussels said on Monday. The charges further escalated a tussle between Apple, which says its products are designed in the best interest of customers, and E.U. regulators, who say the company is unfairly using its size and considerable resources to stifle competition. Apple is the first company to be charged for violating the Digital Markets Act, a law passed in 2022 that gives European regulators wide authority to force the largest “online gatekeepers” to change their business practices. regulators said Apple was putting unlawful restrictions on companies that make games, music services and other applications.
Persons: Apple Organizations: Apple, European Union, Digital Markets Locations: Brussels, E.U
CNN —Hungary captain Dominik Szoboszlai has called for a change to medical protocols after the team’s striker, Barnabás Varga, sustained a serious injury during its match against Scotland on Sunday at Euro 2024. The 29-year-old’s teammates could be seen signaling for medical attention to be brought onto the pitch to help Varga. Cameras showed Szoboszlai seemingly in tears after the incident and appeared to be concerned at the speed at which the stretcher was being carried onto the pitch to help Varga. “It looked bad, it was bad, he felt bad,” Szoboszlai told reporters as he reflected on Varga’s injury. But seconds can help a lot.”Kevin Csoboth holds up the shirt with Varga's name on it after scoring for Hungary against Scotland.
Persons: Dominik Szoboszlai, Barnabás Varga, Varga, Angus Gunn, Kevin Csoboth, ” Szoboszlai, , “ It’s, don’t, Marijan Murat, , ” Csoboth, Marco Rossi, Organizations: CNN —, Scotland, Stuttgart, Hungarian FA, Hungary, CNN, UEFA, European, Locations: Scotland, Hungary, ” Hungary
Covestro opens books to ADNOC over $12.5 billion takeover offer
  + stars: | 2024-06-24 | by ( ) www.cnbc.com   time to read: +2 min
German chemicals firm Covestro is giving ADNOC access to its books and stepping up talks based on an improved 11.7 billion euro ($12.5 billion) takeover offer, after more than a year of courtship by the Emirati energy company. Covestro said talks would proceed "in a timely manner" and there was no certainty of an agreement. A spokesperson for ADNOC welcomed Covestro's decision: "We look forward to jointly working with Covestro to swiftly progress due diligence for this important transaction," adding that this was ADNOC's final offer. ADNOC's initial informal offer to Covestro was reported in June 2023, but it wasn't until September last year that the German company entered into open-ended formal discussions. In December, it agreed to buy European chemical producer OCI's stake in ammonia and urea producer Fertiglobe for $3.6 billion.
Persons: Covestro, ADNOC, Austria's, Fertiglobe Organizations: Covestro, Abu, Abu Dhabi National Oil Co, Reuters, Jefferies, BP Locations: Leverkusen, Germany, Abu Dhabi
Costfoto | Nurphoto | Getty ImagesEuropean Union regulators on Monday said that Apple is in breach of sweeping new tech rules because it does not allow customers of its App Store to be steered to alternatives. The European Commission, the EU's executive arm, also said it had opened a new probe into Apple into new contractual terms with developers. Under the DMA, tech firms are not allowed to block businesses from telling their users about cheaper options for their products or about subscriptions outside of an app store. The regulators also said that the fees Apple charges developers for the initial acquisition of new customers via the App Store "go beyond what is strictly necessary." The steering rules were also a focus in that investigation.
Persons: Apple Organizations: Nurphoto, Getty, Apple, European Commission, EU, Digital Markets, Big Tech, CNBC, Commission, Regulators Locations: U.S
Nicolae Crețu, the commander of the air base, told the outlet that the expanded facility would require "maintenance hangars, fuel stores, ammunition, equipment, aviation technical materials, simulators, feeding facilities, accommodation." Advertisement"Our objective here in Romania is to enhance our integration into NATO Air Power by honing and deepening our cooperation with the Royal Air Force and the Romanian Air Force", he added. Romanian air force F-16 fighter planes. AdvertisementNevertheless, Putin this week reiterated his threats to the West, vowing to go "to the end" in the war with Ukraine. Defeat in Ukraine, Putin said, would mean "the end of the 1,000-year history of the Russian state.
Persons: , Nicolae Crețu, Rami Lindström, Andreea Alexandru, Charlie Tagg, Dorin Popescu, Mihail Kogălniceanu, Andrey Klimov, Vladimir Putin, ALEXANDER NEMENOV, Putin Organizations: Service, NATO, Euro News Romania, Business, BBC, Finnish Air Force, Royal Air Force, NATO Air Power, Romanian Air Force, AP, Federation, Committee, Foreign Affairs, Getty Locations: Odesa, Ukraine, Europe, Romania, Romanian, Norway, Andreea Alexandru US, Bucharest, Russian, Russia, Finland, Sweden
CNN —Even though Portugal defeated Turkey 3-0 and qualified for the knockout stages at Euro 2024 on Saturday, Cristiano Ronaldo still cut a frustrated figure at times as several fans invaded the pitch to try to take selfies with him. “I don’t think that should happen on a football pitch. There is a lot of security and a lot of protection and I don’t think that should happen. A pitch invader is carted off the pitch during the match. Although Ronaldo contributed an assist – his eighth at a European Championship, equaling the record – he is still searching for a goal at this tournament.
Persons: Cristiano Ronaldo, Roberto Martínez, it’s, you’re, Ronaldo, Portugal’s Gonçalo Ramos, Bernardo Silva –, Ronaldo –, Rico Brouwer, Organizations: CNN, Turkey, UEFA, Ronaldo Locations: Portugal, Dortmund, Germany, , European, Portuguese
Niclas Füllkrug arrived early at the Adidas campus just outside Herzogenaurach, a picture-postcard town in Bavaria that was to host the German national team before this summer’s European soccer championships. The staff had been told that players would start arriving on a Monday morning, a few days before their opening game. He had decided to make the 300-mile journey from his home in Hanover by high-speed train on Germany’s national railway carrier, Deutsche Bahn. But years of failure to invest in rolling stock, upgrade railways and digitalize signal boxes have made Deutsche Bahn notorious for delays and cancellations. He spent the journey fielding their questions about life with the national team.
Persons: Niclas Füllkrug, , Füllkrug Organizations: Adidas, German, Deutsche Bahn Locations: Bavaria, European, Hanover
In European Parliament elections this month, voters in most of the European Union’s 27 countries rallied to parties that hold the union in contempt. Analysts have leaped to the conclusion that the European Union must have done something wrong. In Germany, where a hard-right party anchored in the formerly Communist East got more votes than any of the three governing parties, voters cited highhanded energy policies. But the European Union’s governing machinery in Brussels is never where voters’ hearts and hopes are. The union is looking more and more like one of those 19th- and 20th-century projects to universalize the un-universalizable, like Esperanto.
Persons: Emmanuel Macron Organizations: European Union, Communist Locations: France, Germany, Communist East, Brussels, Esperanto
EU and China set for talks on planned electric vehicle tariffs
  + stars: | 2024-06-23 | by ( ) www.cnbc.com   time to read: +5 min
The EU and China have reportedly agreed to start talks on the planned imposition of tariffs on Chinese-made EVs. Germany's Economy Minister Robert Habeck said he had been informed by EU commissioner Valdis Dombrovskis that there would be concrete negotiations on tariffs with China. The minister had said earlier on Saturday that the European Union's door was open for discussions regarding EU tariffs on Chinese exports. Proposed EU tariffs on Chinese goods are not a "punishment", Habeck told Chinese officials earlier in Beijing. Proposed EU duties on Chinese-made EVs would hurt both sides, Zheng added.
Persons: Robert Habeck, Valdis, Wang Wentao, Habeck, Habeck's, Zheng Shanjie, Zheng, Valdis Dombrovskis Organizations: Afp, Getty Images, European Union, Germany's, EU, European Commission, Russia, National, Reform Commission, Chinese Commerce, EU Trade Locations: Taicang Port, Suzhou, China's, Jiangsu Province, EU, China, Getty Images China, Shanghai, Beijing, Brussels, Berlin, Ukraine, Russia, Europe, U.S, Brazil, Turkey, Germany
The Nation Resurgent, and Borders, Too
  + stars: | 2024-06-23 | by ( Roger Cohen | ) www.nytimes.com   time to read: +1 min
That feeling, a vague but potent malaise, has many elements. The National Rally, whose anti-immigrant position lies at the core of its fast-growing popularity, has benefited from all this. “Well, it’s the same thing with a country.”In other words, nations need effective borders that can be sealed tight. This message, echoed by rising nationalist parties across Europe, and a central theme of Donald J. Trump’s presidential campaign in the United States, has proved potent. In France, it propelled Marine Le Pen’s National Rally to victory over President Emmanuel Macron’s party in voting for the European Parliament this month.
Persons: ” Jordan Bardella, Donald J, Emmanuel Macron’s Organizations: France Locations: France, North Africa, Europe, United States
The 3rd Separate Assault BrigadeRecruits of the 3rd Separate Assault Brigade taking part in military training. The 3rd Brigade has since become famous for its battle-hardened, fearless approach to combat. While many brigades use social media platforms to advertise and celebrate battlefield wins, the 3rd Brigade is especially skilled at PR. Four Ukrainian soldiers of the 3rd Separate Assault Brigade preparing mortar rounds for intensive firing at a position near Andriivka on September 25, 2023, in Donetsk Oblast, Ukraine. "The Third Assault Brigade falls into the second category."
Persons: , Volodymyr Zelenskyy, Julia Kazdobina, ANATOLII STEPANOV, Ukraine isn't, Andriy Biletsky, Kazdobina, Elina Beketova, Yurii, Beketova Organizations: Service, Business, Ukrainian Prism's Security, Ukrainian Information, Separate Assault Brigade, Separate Assault, Azov Brigade, 3rd Brigade, Washington DC, Center for, Getty, Radio ROKS, Brigade, Ukraine's Defense, Third Assault Brigade Locations: Ukrainian, Ukraine, Bakhmut, Mariupol, Andriivka, Donetsk Oblast, Kyiv, Dnipro, Lviv, Soviet
Taylor Swift performs on stage during "Taylor Swift | The Eras Tour" at Wembley Stadium on June 22, 2024 in London, England. Kevin Mazur | Getty Images Entertainment | Getty ImagesTaylor Swift fans enjoy parsing the singer-songwriter's lyrics for references to her romantic life and insights into her state of mind. The record's fifth track is titled "So Long, London." As Swift brings her blockbuster Eras Tour to London's Wembley Stadium this weekend, some Swifties therefore are wondering if they are witnessing the beginning of an extended goodbye. American pop singer Taylor Swift meets a fan while on stage during "Taylor Swift | The Eras Tour" at Wembley Stadium on June 22, 2024 in London, England.
Persons: Taylor Swift, Kevin Mazur, Swift, London, Prince William, Prince George, Princess Charlotte, valentine, Maggie Fekete, Frank Styles, Benjamin Cremel, Stella Elgood, Harry Styles, she's, Elgood, haven't, Styles, Travis Kelce, Joe Alwyn, Alwyn, ELLE, lister, Naomi May, Tom Holland Organizations: Wembley, Getty, Poets Department, London, Afp, Kansas City Chiefs, Sun, Department Locations: London, England, Wembley, American, Europe, British
New York CNN —Retail software provider CDK Global says it will likely take several days for its software to be back online and operational, as the company grapples with a system outage that has paralyzed nearly 15,000 car dealerships across North America since Wednesday. The data provider’s software, which dealerships use to manage everything from scheduling to records, said Saturday it has begun restoring its software. Car manufacturer Ford told CNN it is working with dealers to set up alternative software systems and other workarounds. Several dealerships on the East Coast told CNN on Sunday they are manually filling out forms to process sales. One used car dealership told CNN it has been filing paperwork by hand and sending runners to the car registry with the paperwork.
Persons: CDK, Mike Stanton, Ford, they’re Organizations: New, New York CNN — Retail, CDK, CNN, Bloomberg, Dealers, National Automobile Dealers Association, East Coast, Sunday, Securities and Exchange Commission, Penske Automotive, Premier Trucking Group, Penske, SEC, Sonic Automotive, Premier Truck Locations: New York, North America, Eastern European, CDK, United States
Nearly two years ago, I huddled with some co-workers over a phone watching a video Celine Dion had shared on Instagram. “I miss you all so much.” This was Ms. Dion as we’d never seen her — fragile, tentative, worried — and all of us watching got a little emotional. This week, Ms. Dion will premiere “I Am: Celine Dion,” a documentary about her life since that diagnosis. Ms. Dion, 56, released her first album in 1981 at age 13, and she’s come to stand as one of the last pillars of a dwindling category: the pop divas. In the opera world, being labeled a diva can come with sexist overtones, a shorthand for a famous woman who makes unreasonable demands.
Persons: Celine Dion, , , Dion, we’d, , she’s, Barbra, Tina, Whitney, Patti, Chaka, Gladys, Mariah, Dolly, Cher, Mariah Carey, Aretha Franklin Organizations: North Star Locations: New York, gigawatts
Total: 25