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CNN —Britain’s governing Conservative Party has been rocked by a gambling scandal in the middle of the campaign for an election that it is expected to lose. The UK’s PA Media news agency reported on Thursday that Conservative candidate Laura Saunders is facing a gambling watchdog investigation into alleged betting offenses. Prior to standing as a candidate, Saunders worked for the Conservative Party. A Conservative spokesperson told CNN in a statement: “We have been contacted by the Gambling Commission about a small number of individuals. It would be the first time Labour has entered power from opposition since 1997 and would end 14 years of controversial government by the Conservative Party.
Persons: Laura Saunders, Saunders, Tony Lee, Lee, ” Saunders, Craig Williams, Rishi Sunak, Williams, , , , It’s Organizations: CNN, Conservative Party, Media, Conservative, BBC, Commission, UK’s, Sunak, The Metropolitan Police, Professional, Labour Party, Labour, Conservatives
He is winning among Black women in the KFF survey by 58 percentage points, but that represents a significant drop from his 86 percentage point margin among Black women in the approach to the 2020 election, according to an average of New York Times/Siena College polls from that election. Mr. Biden’s lead with Hispanic women has also shrunk substantially, to about 12 points. The survey found Mr. Biden’s lead among women overall to be four points. They approve of how Mr. Biden is handling abortion and would like to see him re-elected. In Michigan, nearly 60 percent of Black women say inflation is the most important issue to their vote.
Persons: Biden, Biden’s, Donald J, Trump, , , can’t, Roe, Wade, Ashley Kirzinger, “ It’s, Ms, Kirzinger, Kellyanne Conway, Trump’s, ” “ Joe Biden, Joe Biden, ” Ms, Conway, Ronald Reagan, George H.W, Bush, John Kerry Organizations: Democrat, The New York Times, Republicans, Democratic, Black, New York Times, Republican, Mr, Locations: Arizona, Michigan, KFF, Siena
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Something's going very wrong': Alastair Campbell casts doubt on UK opinion pollsAlastair Campbell, Labour's former director of communications, says he does not believe the Conservative Party will be "virtually wiped out" in the upcoming general election — despite what recent opinion polls indicate.
Persons: Alastair Campbell, Labour's Organizations: Conservative Party
London CNN —Private schools in Britain may conjure up images of rolling lawns, pristine tennis courts, and dormitory rooms, serving as gilded hothouses of privilege. Not every private school is “synonymous with privilege and great wealth,” argues Sue Hannam, headteacher at Lichfield Cathedral School, a private school in central England. About 620,000 children are currently enrolled in private schools in Britain, equivalent to almost 6% of all school children, according to the Independent Schools Council. Hodge at the Education Policy Institute noted that, accounting for inflation, private school fees had risen by as much as 25% since 2010. Still, a demographic shift means state schools may “welcome” the influx, Sibieta wrote last year.
Persons: YouGov, , Sue Hannam, “ We’ve, , they’re, , Hannam, John Keates, we’ve, Keir Starmer, , ” Starmer, Louis Hodge, that’s, Loveena Tandon, … it’ll, it’s, Julie Robinson, they’ll, Robinson, ” Robinson, Christine Cunniffe, ” Cunniffe, Hodge, That’s, he, ” Luke Sibieta, Oli Scarff, Sibieta Organizations: London CNN — Private, Eton College, Labour Party, Eton, Labour, Lichfield Cathedral School, CNN, Lichfield, Independent Schools, Institute for Fiscal Studies, Sky News, Education Policy Institute, ISC, Ascot, Education, Institute, Getty Locations: Britain, Lichfield, England, United Kingdom, Lichfield , United Kingdom, London, , Manchester, AFP
Kennedy Fails to Qualify for CNN Debate
  + stars: | 2024-06-20 | by ( Chris Cameron | ) www.nytimes.com   time to read: +1 min
Robert F. Kennedy Jr. failed to qualify for the CNN presidential debate on June 27 by the network’s Thursday deadline, according to the outlet, a significant blow to his independent presidential bid that will deny him a coveted national stage alongside President Biden and former President Donald J. Trump. Qualifying for the CNN debate, one of two presidential debates scheduled before Election Day, would have been a plum prize for the Kennedy campaign. More than 73 million people watched the first debate between Mr. Biden and Mr. Trump in 2020, and Mr. Kennedy would have had the opportunity to confront his opponents in front of an extensive national audience. But Mr. Kennedy failed to meet two criteria. In the face of mounting challenges before the deadline, Mr. Kennedy had accused CNN of colluding with the Biden and Trump campaigns to exclude him from the debate, and filed a complaint to the Federal Election Commission accusing the network of violating campaign finance law.
Persons: Robert F, Kennedy Jr, Biden, Donald J, Kennedy, Trump, Ross Perot’s, George Bush, Bill Clinton of Organizations: CNN, Trump, Gov, Biden, Federal Locations: Texas, Bill Clinton of Arkansas
CNN —President Joe Biden and former President Donald Trump are set for a historic showdown, with the stage now set for CNN’s June 27 presidential debate. The showdown will make history as the first debate between a sitting president and a former president. ET on Thursday, with Biden and Trump meeting the constitutional, ballot qualification and polling thresholds set by the network. Biden and Trump were the only candidates to meet those requirements. Debate rulesThe debate will include two commercial breaks, according to the network, and campaign staff may not interact with their candidate during that time.
Persons: Joe Biden, Donald Trump, Biden, Trump, Jake Tapper, Dana Bash Organizations: CNN, CNN’s, Democratic, Republican, Biden, Trump, Federal, ABC News, CBS News, Fox News, Marquette University Law School, Monmouth University, NBC News, The New York Times, Siena College, NPR, PBS, Marist College, Quinnipiac University, The, Street, The Washington Post Locations: Atlanta
Almost every path to victory for President Biden relies on strong support from women. But his current standing among women is the weakest lead a Democrat has had since 2004, a key factor in how tight the race is. That’s down from a lead among women of about 13 percentage points four years ago. And since the 2020 election, former President Donald J. Trump’s support among men has recovered and is back to the double-digit lead he had in 2016. But every year that Democrats have won the presidency, they have led among women by more.
Persons: Biden, Biden’s, Donald J Organizations: Democrat, The New York Times, Republicans
India has undergone a massive infrastructure push and has made significant strides in connecting and modernizing its highways, railways and airports. He's going to double down on that," said Samir Kapadia, CEO of India Index and managing principal at Vogel Group. "Along with creating physical infrastructure, India needs to remain steadfast on the structural reforms ... Increase foreign investmentsFrom veteran emerging markets investor Mark Mobius to global strategist David Roche, market experts remain bullish on India. Foreign direct investments into the country needs to however pick up pace to further drive economic growth and development, analysts told CNBC.
Persons: Vikram Singh, Narendra Modi, Modi, Reema Bhattacharya, Verisk, Modi's, he's, Samir Kapadia, Nirmala Sitharaman, Santanu Sengupta, Goldman Sachs, Sengupta, Richard Rossow, Kapadia, Sumedha Gupta, Vivek Prasad, Prasad, Mark Mobius, David Roche Organizations: Bharatiya Janata Party, BJP, Infrastructure, India Index, Vogel Group, Nurphoto, CNBC, Center for Strategic, International Studies, Padget Electronics, Dixon Technologies, Bloomberg, Getty, Research, India Electronics, Semiconductor Association, Economist Intelligence Unit, Centre, Monitoring, National Stock Exchange of, World Federation of Exchanges Locations: India, Asia, China, Mumbai, Noida, PwC India, National Stock Exchange of India
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with political strategist Alastair Campbell ahead of UK electionAlastair Campbell, Labour's former director of communications, discusses the prospect of a Labour victory in the forthcoming U.K. election, and explains why he believes it is vital young people are educated on politics.
Persons: Alastair Campbell, Labour's Organizations: Labour
CNBC Daily Open: Russia-North Korea defense pact
  + stars: | 2024-06-20 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
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. Russia-North Korea partnershipRussia and North Korea signed a "comprehensive strategic partnership" deal on Wednesday, including a mutual defense pact, during President Vladimir Putin's first state visit to North Korea in 24 years. While the 2% inflation mark is significant, it was anticipated and mainly driven by lower energy prices. Musk clarifies remarksElon Musk attempted to clarify his controversial remarks after advertisers threatened to leave X. Musk previously told advertisers to "go f--- yourself."
Persons: Vladimir Putin's, Putin, Kim Jong Un, CNBC's Holly Ellyatt, Elon Musk, Musk, Eli Lilly Organizations: CNBC, Bank of England, Cannes Lions, CAC, Nasdaq Locations: Russia, North Korea, Ukraine, Cannes, France
Prime Minister Rishi Sunak speaks to farmers as he campaigns on a farm near Barnstaple on June 18, 2024 in North Devon, United Kingdom. North Devon has been held by the Conservative Party since the 2015 general election. British Prime Minister Rishi Sunak could become the country's first sitting prime minister to lose their seat at a general election, according to the findings of a shock new poll. If correct, the upcoming vote would deliver Labour a supermajority of 382, comfortably more than former Prime Minister Tony Blair's historic 1997 victory. The analysis showed that left-leaning Scottish National Party is set to win 8 seats, while Wales' pro-independence political party Plaid Cymru is expected to win 4.
Persons: Rishi Sunak, Tony Blair's, Savanta, James Cleverly's, Jeremy Hunt's Organizations: Conservative Party, British, Labour, Conservative, Liberal Democrats, Scottish National Party, Wales, Plaid Cymru, Greens Locations: Barnstaple, North Devon, United Kingdom, Richmond, Northallerton, North Yorkshire, Braintree, Essex, Godalming, Ash, Surrey
Paris CNN —French soccer superstar Kylian Mbappé made a dramatic foray into the country’s election campaign this week, but don’t expect the striker to have an influence on the outcome. The far-right National Rally party of anti-immigration leader Marine Le Pen is leading in the polls, and most pundits suspect her populist movement has never come this close to power. Leaders of the French far-right National Rally, Marine Le Pen and Jordan Bardella, attend a rally ahead of the European Parliament elections where the party had huge success earlier this month. In 2006, Marine Le Pen’s father, far-right patriarch Jean-Marie Le Pen, suggested there were too many “players of color” on the national side. While millions will cheer them on at the Euros, they serve as a visible reminder of the country’s changing demographics — an issue which animates voters for the National Rally like no other.
Persons: Adam Plowright, , Emmanuel Macron —, Read, Kylian Mbappé, Adam Plowright Adam Plowright, , Marcus Thuram, Mbappé, Emmanuel Macron, Marine, Macron, Le Pen’s, Le Pen, Jordan Bardella, Gonzalo Fuentes, Bardella, today’s TikTok, Thuram —, Lilian, Aime Jacquet, Stu Forster, Marcel Desailly, Zinedine Zidane, Didier Deschamps, Le, Jean, Marie Le Pen Organizations: Paris CNN —, UEFA, , Real Madrid, Ipsos, Reuters, YouTube, Brazil, National Locations: Paris CNN — French, Germany, Paris, Cameroon, Algeria, France, United States, Europe, Guadeloupe
Former Vice President Mike Pence at the US Capitol on May 16, 2024. This despite history suggesting that, at some point in their potential mandate, a possible President Trump might ask them to so something that tests their consciences, the law or the Constitution. The attractiveness of the vice presidential nomination may reflect Trump’s magnetism and the heady euphoria of being a key player in the “Make America Great Again” movement. He has also made clear to Trump that he wouldn’t have adopted Pence’s interpretation of the constitutional limits on vice presidential powers. Burgum has taken a classic route of parlaying an unsuccessful presidential campaign into a spot in the vice presidential derby.
Persons: Donald Trump’s, didn’t, Mike Pence, Ohio Sen, J.D, Doug Burgum, Florida Sen, Marco Rubio, Marco Rubio , South Carolina Sen, Tim Scott, Elise Stefanik, Arkansas Sen, Tom Cotton, Byron Donalds, Ben Carson, Trump, he’s, Pence, Kent Nishimura, , there’s, MAGA, Vance, MAGA protégé, , Sen, Jeff Kowalsky, he’d, CNN’s Kaitlan Collins, wasn’t, Joe Biden’s, “ I’m, Mike Pence’s, ” Vance, wouldn’t, Rubio, Burgum, Justin Lane, Biden, Trump’s, , who’s, you’re, Jim Watson, can’t, Kristi Noem, Noem Organizations: CNN, GOP, Republican National Convention, Vance , North Dakota Gov, Tim Scott , New York, Florida Rep, Urban, Capitol, Republican, Trump, Republicans, West Wing, Fox News, Getty, The Ohio Republican, Electoral College, ABC News, North, North Dakota Gov, New, Press, Dakota Gov, , South Locations: Vance , North, Florida, Marco Rubio , South Carolina, Tim Scott ,, Arkansas, Huntington, Detroit , Michigan, AFP, Pennsylvania, Georgia, , parlaying, Indiana, North Dakota, boardrooms, New York City, New York, Washington, West Palm Beach , Florida, “ State, Wisconsin, South Dakota
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUK could shed some risk premium after the general election, analyst saysChristian Keller, head of Economics Research at Barclays, discusses the forthcoming U.K. general election and the potential aftermath for financial markets.
Persons: Christian Keller Organizations: Economics Research, Barclays
“The president has gotten increasingly punchier in recent remarks about Trump and plans to carry that theme through to the debate,” one Biden campaign official said. (CNN debate rules stipulate that each candidate will have a pen, writing pad and a bottle of water at the podium.) Biden’s former chief of staff, Ron Klain, is taking the lead to help the president get ready to debate Trump, a Biden campaign official told CNN. In the last cycle, Biden aides were particularly sensitive to Trump attacking members of Biden’s family on the debate stage. But that doesn’t mean Trump shouldn’t, or isn’t preparing,” said a person close to Trump, who requested anonymity to speak candidly.
Persons: poring, Joe Biden, Donald Trump, Biden, Trump, , He’s, “ I’ll, ” Trump, , David, Camp David, Biden’s, Ron Klain, Klain, Bruce Reed, Reed, Jeff Zients, Anita Dunn, Mike Donilon, , ’ Trump, Ohio Sen, JD Vance, Marco Rubio, Eric Schmitt of Missouri, Trump’s, Susie Wiles, Chris LaCivita, Kellyanne Conway, Stephen Miller, National Intelligence Richard Grenell, Chris Christie, Bob Bauer –, ” Bauer, acclimate Biden, Kate Bedingfield, Hunter, Jason Miller Organizations: CNN, Trump, White, Biden, Gatorade, peruse, Democratic, hourlong, Mar, Sens, Republican National Committee, Republicans, Capitol Hill, National Intelligence, New, New Jersey Gov, White House, Locations: Atlanta, Racine , Wisconsin, Maryland, Camp, hourlong State, East, Ukraine, Ohio, Marco Rubio of Florida, Washington ,, New Jersey, Philadelphia, Pennsylvania
CNBC Daily Open: Le Pen's 28-year old protégé
  + stars: | 2024-06-20 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
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. China holds rates, stocks dipMarkets in the Asia-Pacific region were trading mostly lower after the People's Bank of China held interest rates unchanged. Russia-North Korea partnershipRussia and North Korea signed a "comprehensive strategic partnership" deal on Wednesday, including a mutual defense pact, during President Vladimir Putin's first state visit to North Korea in 24 years. Musk clarifies remarksElon Musk attempted to clarify his controversial remarks after advertisers threatened to leave X. Musk previously told advertisers to "go f--- yourself."
Persons: Hai Precision Industry —, Foxconn —, Australia's, Guzman Y Gomez, Vladimir Putin's, Putin, Kim Jong Un, CNBC's Holly Ellyatt, Elon Musk, Musk, Goldman Sachs Organizations: New York Stock Exchange, CNBC, People's Bank of China, CSI, Hai Precision Industry, Nikkei, of England, Cannes Lions Locations: New York City, China, Asia, Pacific, Seng, Taiwan, Russia, North Korea, Ukraine, Cannes, France, Europe
Commuters crossing a junction near the Bank of England (BOE), left, in the City of London, UK, on Wednesday, May 8, 2024. Photographer: Hollie Adams/Bloomberg via Getty ImagesLONDON — European stocks are expected to open in mixed territory Thursday, with U.K. investors looking ahead to the Bank of England's policy rate decision. The U.K.'s FTSE index is expected to open 16 points higher at 8,212, Germany's DAX up 21 points at 18,087, France's CAC 40 up 3 points at 7,568 and Italy's FTSE MIB up 10 points at 33,192, according to IG. U.K. traders will be focused on the Bank of England's rate decision Thursday, although the central bank is widely expected to hold rates steady at a 16-year high of 5.25%, with the majority of economists polled by Reuters forecasting a cut in August after the country's July 4 election. Data released Wednesday showed U.K. inflation rose by an annual 2.0% in May, hitting the BoE's inflation target.
Persons: BOE, Andrew Bailey, Hollie Adams, Germany's DAX Organizations: Bank of England, City of, Bloomberg, Getty, Bank of, CAC, IG, Reuters Locations: City, City of London
Independent presidential candidate Robert F. Kennedy Jr. attends a press conference in the Brooklyn borough of New York, on May 1, 2024. Independent presidential candidate Robert F. Kennedy Jr. failed to qualify for the first presidential debate hosted by CNN next week, officially setting up a one-on-one clash between President Joe Biden and former President Donald Trump. Last month, Kennedy's campaign filed a Federal Election Commission complaint against CNN and the Biden and Trump campaigns, alleging the way they set up the June 27 presidential debate was illegal. Kennedy still has a chance to qualify for the Sept. 10 debate, hosted by ABC News. That debate has the same ballot access and polling criteria as CNN's, although it's unclear when the polling window will open.
Persons: Robert F, Kennedy Jr, Joe Biden, Donald Trump, Kennedy, Kennedy hadn't, Kennedy's, Stefanie Spear Organizations: CNN, Biden, Trump, NBC, ABC News Locations: Brooklyn, New York, Atlanta
“Our economy has truly turned a corner,” Rishi Sunak, Britain’s prime minister, said last week as he introduced his party’s election manifesto, buoyed by recent data showing that Britain’s economy had exited from a recession more strongly than expected in the beginning of the year and that inflation had slowed substantially. Justifying the optimistic mood, data released on Wednesday showed that consumer prices rose 2 percent in May from a year earlier, touching the Bank of England’s target. That was way down from 11.1 percent in October 2022, when Mr. Sunak started his premiership. Polls suggest there is a desire to eject the governing Conservative Party from Downing Street, after 14 years, in next month’s general election. But lawmakers in the opposition Labour Party have already warned that — should they win — they will inherit a hobbled economy with little room for bold changes.
Persons: Rishi Sunak, Sunak Organizations: of, National Health Service, Conservative Party, Downing, Labour Party
But it will remain a big, big trend. How has if at all, Brexit, affected the U.K. tech scene? Arjun KharpalAre there other challenges at the moment, as you see them to the U.K. tech landscape? I'm gonna go with the amount of VC funding in U.K. tech startups for 2025. Sanjot MalhiI would say that is the amount of funding in U.K. AI startups.
Persons: Tom Chitty, Arjun, we'll, Arjun Kharpal, I've, Sanjot, He's, It's, Tom Chitty I've, we've, it's, Arjun Kharpal Sanjot, fintech, we're, you've, let's, Tom Chitty We're, Franklin Templeton, they're, Masa, Softbank, that's, Arjun Kharpal Sanjay, Emmanuel, Macron, hasn't, who's, Emmanuel Macron, I'm, Sanjot Malhi, Arjun Kharpal That's, Kharpal, Tom Chitty Sanjot Organizations: HSBC Innovation Banking, CNBC, Northzone, Hague Cricket Club, European Union, Competition, Markets Authority, London Stock Exchange, London, Masa, Viva Tech, Mistral, Nvidia Locations: Europe, Dealroom, France, China, London, beyondthevalley@cnbc.com, Netherlands, India, The Hague, Germany, Sweden, North America, Asia, San Francisco, Beijing, Tel Aviv, Bangalore, U.S, British, doesn't, Ukraine, IPOs
How do investors trade volatile Indian markets after the country's surprising election result? Jayaraman manages Causeway's Emerging Markets Fund and International Opportunities Fund. The portfolio manager would focus on the small- to mid-cap segment of the Indian market, he told CNBC Pro Talks on June 19. "Since India is a strong secular growth market, we would say the mid and small-cap [market] is the place to be. With many international investors not able to access Indian stocks easily, Jayaraman also named a few ETFs that he likes.
Persons: Arjun Jayaraman, Narendra Modi's, Jayaraman Organizations: Markets Fund, International, Fund, MSCI, CNBC, REC Locations: bullish, India, South Korea, Taiwan, U.S
AI has “helped me in my life personally … such as helping me with my resume,” Miller told CNN. I really want to see that happen.”On Tuesday, however, OpenAI told CNN it shut down Miller’s access to the tool that was being used to interact with and persuade voters. “We’ve taken action against these uses of our technology for violating our policies against political campaigning,” an OpenAI spokesperson told CNN. Although the public-facing version of VIC has been removed by OpenAI, Miller said it still works on his own ChatGPT account. OpenAI told CNN it also took action against another candidate in the UK who was using its AI models to help campaign for Parliament.
Persons: CNN — Victor Miller, , ” Miller, , OpenAI, “ We’ve, Chuck Gray, ” Gray, Miller, Gray, Steve Endacott, Steve, Endacott, Jen Golbeck, Golbeck, ” David Karpf, ” Karpf, doesn’t Organizations: CNN, Cheyenne, Neural, College of Information Sciences, University of Maryland, George Washington University Locations: Cheyenne , Wyoming, Wyoming, “ Wyoming, Cheyenne, Slovakia
Zilch initially sourced credit for its installment plans and other loans from Goldman Sachs 's private credit arm. The additional $190 million of credit will become available to Zilch as the firm continues to grow. Once Zilch has reaches the $315 million maximum funding threshold, it expects to generate nearly $10 billion of GMV by 2026. The firm reported revenues of £30 million ($38 million) in the 12 months ended March 2023. Zilch also has an advertising sales network where it provides placements for retailers to promote their wares to consumers.
Persons: Phil Belamant, Zilch, it's, Goldman Sachs, Philip Belamant, we've, Goldman, Belamant Organizations: LONDON, Deutsche Bank, Goldman, CNBC, Apple, Citi
Washington CNN —Former President Donald Trump made more than two dozen false claims at his Tuesday campaign rally in Racine, Wisconsin, including two significant attempts to rewrite Wisconsin history. “By the way, you know, Kenosha: I saved Kenosha, do you know that? Evers, not Trump, deployed the Wisconsin National Guard during the rioting in Kenosha — and Evers first deployed the Guard the day before Trump publicly demanded that Evers do so. Evers continued to deploy more Wisconsin National Guard troops in the coming days, and he also accepted National Guard troops from three other states; they were never federalized. Other Trump false claimsTrump made lots of other false claims during the Racine rally.
Persons: Donald Trump, Trump, Tony Evers, ” Trump, “ Kenosha, wouldn’t, I’m, Evers “ wouldn’t, , Evers, Tim Walz, Walz, Jacob Blake, Evers wouldn’t, Racine, Here’s, Al Capone, Nancy Pelosi, Barack Obama —, Biden Organizations: Washington CNN, Wisconsin, Gov, Democrat, Kenosha, Wisconsin National Guard, Kenosha —, Guard, Democratic, National Guard, CNN, Trump, US Marshals Service, FBI, White, Republicans, Capitol Locations: Racine , Wisconsin, Wisconsin, Kenosha, Minnesota, Minneapolis, Washington, DC, China, Syria, Turkey, Ottoman Empire
Generative AI chatbots are guilty of spreading dangerous disinformation, a new report found. NewsGuard audited 10 AI chatbots and found they spread Russian propaganda one-third of the time. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementYour favorite AI chatbot likely isn't immune to the powers of Russian propaganda, a new report found. The world's leading generative AI chatbots are fueling disinformation and citing Moscow-funded fake news sources as fact more than 30% of the time, according to a recent NewsGuard audit.
Persons: Organizations: Service, Business Locations: Moscow
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