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CNN —Ditching the US and relocating close to the French Pyrenees wasn’t part of Taylor Barnes’ life plan. ‘Visually inspiring’US artist Taylor Barnes, from Los Angeles, relocated to the medieval village of Saissac close to the French Pyrenees in 2021. Taylor Barnes“I considered, among many things, where I would like to live out the last quarter of my life,” Barnes tells CNN. Cozy hideawayIn 2019, Barnes bought an abandoned crawfish restaurant and converted it into a residency for artists. Since moving to Saissac, Barnes says she has happily embraced a slower-paced lifestyle.
Persons: Taylor Barnes, Barnes, Taylor Barnes “, ” Barnes, , , she’d, Cozy hideaway, Dennis Miranda Zamorano, Sonya, Berger Blanc, apéros, She’s, it’s, Carte, Barnes isn’t Organizations: CNN, Berger Blanc Suisse, Barnes Locations: Los Angeles, Saissac, Aude, France, Montagne, French, California, Spain, Saissac ., England, Ireland, Netherlands, America
“But people are safe, so that’s fortunate.”Workers demolish a damaged building following the earthquake, in Hualien, Taiwan April 4, 2024. A rescue worker stands near the cordoned off site in the aftermath of an earthquake in Hualien, eastern Taiwan on Wednesday, April 3, 2024. Wednesday’s quake is the strongest to hit Taiwan since 1999, according to the Central Weather Administration. That year, a 7.7 magnitude quake hit south of Taipei, killing 2,400 people and injuring 10,000 others. A magnitude 6.2 quake hit near the area in 2018, killing at least 17 people and injuring more than 300 others.
Persons: Hong Changyi, , Tyrone Siu, rockfall, Johnson Lai, “ They’ve, Taiwan —, Sam Yeh, Yu, Lin Chih, cheng Organizations: CNN — Rescue, Hong, CNN, Workers, National Fire Agency, SET, Central News Agency, Video, CNA, Reuters, Getty, Hualien Fire Bureau, Central Weather Administration, Taiwan’s Professional Civil Engineers Association Locations: Taiwan, Hualien County, Hualien, Taroko, AFP, , Zhonghe, Taipei, Hualien City, Lin, China
CNBC Daily Open: U.S. services pace slows slightly
  + stars: | 2024-03-06 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 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. Dow's steep declineWall Street ended lower Tuesday as the broader market was dragged by sharp declines in major tech stocks. China growth pushChina may need to resort to an old tactic to hit its ambitious growth target this year. President Joe Biden and former President Donald Trump hold commanding leads in the polls of their respective parties.
Persons: Dow, Bitcoin, Wang Dan, Joe Biden, Donald Trump, Jerome Powell, Powell, Paul Meeks Organizations: CNBC, Nasdaq, Apple, Hang Seng Bank, Capitol, Nvidia, Veteran, CNBC Pro Locations: China, Beijing
CNBC Daily Open: U.S. services activity moderates
  + stars: | 2024-03-06 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 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. Overnight, U.S. markets were dragged lower by sharp declines in major tech stocks. China growth pushChina may need to resort to an old tactic to hit its ambitious growth target this year. AI adoption rateA global survey found AI adoption rate for businesses is yet to match the hype around the technology.
Persons: Hong, Dow, Bitcoin, Wang Dan, Jeremy Hunt, Paul Meeks Organizations: CNBC, CSI, Nikkei, Nasdaq, Apple, Hang Seng Bank, Finance, Conservative Party, Nvidia, Veteran, CNBC Pro Locations: Hong Kong, Asia, China, Beijing
Liu Liqun | Corbis Documentary | Getty ImagesChina may want a "new leap forward" in "productive forces" — but President Xi Jinping may need to resort to an old tactic to hit the country's ambitious growth target this year, one economist warns. While scant on specifics, the work report appears to suggest Beijing is refraining from the aggressive, bazooka-like stimulus that some markets observers were expecting. China has historically resorted to infrastructure building as a short-term fix to boost growth, particularly after the 2008-09 financial crisis. Goldman Sachs economists said that this pledge is the "most important positive surprise" from this year's government work report. Chinese Premier Li Qiang delivers a speech during the opening of the second session of the 14th National People's Congress at The Great Hall of People on March 5, 2024 in Beijing, China.
Persons: Liu Liqun, Xi Jinping, Wang Dan, Wang, Erica Tan, Goldman Sachs, Li Qiang, Li, Lintao Zhang Organizations: Bund, Getty, Hang Seng Bank, CNBC, China Investment Corporation, Maybank, Seng Bank, National People's Congress, of People Locations: China, Beijing, overcapacity, Covid, Gorges
CNN —An audacious collaboration between geneticists and conservationists plans to bring back the extinct dodo and reintroduce it to its once-native habitat in Mauritius. But according to the partners, its return to Mauritius could benefit the dodo’s immediate environment and other species. The Nicobar pigeon, native to the coastal regions from the Andaman and Nicobar Islands, is the closest living relative to the dodo. Then it will edit the PGCs of a Nicobar so it expresses the physical traits of a dodo. “I have studied the dodo for many years, and there is still a lot to learn about this enigmatic bird,” he added.
Persons: dodo, Beth Shapiro, , Matt James, James, Holger Hollemann, Tatayah, ” Tatayah, , dodos, Ben Birchall, Julian Hume, ” Hume, Ben Lamm, “ We’re Organizations: CNN, Colossal Biosciences, Mauritian Wildlife Foundation, Getty, Gorges, Colossal, , White Rhino, Biosciences Locations: Mauritius, Rodrigues Island, Asia, Nicobar, Park, “ Mauritius, Aigrettes, Ile
Total generation increased by almost 63 billion kilowatt-hours (kWh) (9%) compared with the same month a year earlier, according to the National Bureau of Statistics. Most of the increase was supplied by hydro-electric generation (+40 billion kWh) as the massive new Baihetan Dam on the Jinsha River compensated for poor rainfall. The rest came from thermal generators (+13 billion kWh), solar (+4 billion kWh), wind (+2 billion kWh) and nuclear generators (+2 billion kWh). Prolonged drought across southern China since mid-2022 has depressed hydro generation, requiring more thermal output to fill the gap, almost all from coal. RENEWABLE ROLLOUTChina is investing heavily in renewable generation to curb greenhouse gas emissions as well as reduce dependence on imported oil and gas.
Persons: Jason Lee, Gorges, John Kemp, Rod Nickel Organizations: Grid Corporation of, REUTERS, National Bureau of Statistics, National Energy Administration, Thomson, Reuters Locations: Grid Corporation of China, Zhangjiakou, Hebei province, China, Chartbook, India
Obesity revolution gorges on dialysis maker
  + stars: | 2023-10-11 | by ( Aimee Donnellan | ) www.reuters.com   time to read: +3 min
REUTERS/Megan Jelinger Acquire Licensing RightsLONDON, Oct 11 (Reuters Breakingviews) - Kidney dialysis kit-makers look set to be the latest victim of the obesity drug boom. On Wednesday, shares in Germany-listed Fresenius Medical Care (FMEG.DE) fell 20% after a medical trial showed a Novo Nordisk (NOVOb.CO) drug can reduce the risk of kidney failure. Diabetes and obesity drugs are showing their fringe benefits. In a recent drug trial, Wegovy, an obesity remedy made by Denmark’s Novo Nordisk, reduced the incidence of serious cardiovascular events like strokes and heart attacks by 20% in overweight patients. The collapse in Fresenius Medical Care’s share price looks appropriate.
Persons: Dawn, Megan Jelinger, Michael Sen, Danish drugmaker, Neil Unmack, Oliver Taslic Organizations: REUTERS, Reuters, Novo Nordisk, Denmark’s Novo Nordisk, Fresenius, Thomson Locations: Findlay , Ohio, U.S, Germany, Fresenius, Vamed, Danish
Secret spots on Croatia’s famous Dalmatian coast
  + stars: | 2023-10-03 | by ( Mary Novakovich | ) edition.cnn.com   time to read: +11 min
CNN —To many, the southern Dalmatian coast is Croatia. The Adriatic coast is undeniably beautiful, with the forbidding Dinaric Alps as a dramatic backdrop to the heavily indented coastline and dozens of islands scattered about. Until 2022, reaching it from the north meant crossing into Bosnia, whose 12.4 miles of coastline sits below the Neretva delta, before giving way once more to Croatia’s southern Dalmatian coast. Elaphiti islandsWander along Dubrovnik’s old port and in seconds you’ll be offered a day trip to the Elaphiti islands, north of the city. Cavtat, about 15 miles south of Dubrovnik, has been steadily growing in popularity as an alternative to the city.
Persons: you’ve, Ivan Meštrović, Poelzer Wolfgang, Alamy, it’s, Pušćica, Klesarska, Goran Bogicevic, It’s, Mamma Mia, , laze, Baška Voda, Croatia’s, Korčula, Mali Ston Organizations: CNN, UNESCO, Stari Grad, Hvar Town, Zipline Locations: Croatia, Split, Dubrovnik, Hvar, Poelzer, Split’s, Brač, Senjska, Maslinica, Bol, Dalmatia, Washington ,, Stari Grad, Vrboska, Zaklopatica, Vis, Komiža, Tučepi, Biokovo, Hardy, Sveti Jure, Zipline Croatia, Bosnia, Rogotin, Croatian, mali, Dalmatian, Orebić, Mljet, Prapratno, Mali, Ston, Cavtat, robertharding, Slano
Then, they said, the voluminous bunting on the ceiling quickly caught fire, and the electricity almost immediately turned off, for reasons that were not clear. “When the lights went out, people didn’t know where to go and started hitting the chairs and tables and started falling on the ground,” said Ghazwan Ibrahim, one of the wedding guests. “I searched the hospitals in Mosul, I went to the forensic medicine center, and still I have not found them,” he said. “The roof caught fire within three seconds, and the fire was very big,” he said. “I helped, like, seven or eight people, but I couldn’t help more because I was choking from the smoke and my eyes were stinging and streaming.”
Persons: , Ghazwan Ibrahim, ” Mr, Ibrahim, , Gorges Yohana Locations: Mosul
Political Cartoons View All 1148 ImagesThe region is largely rural, made up of red-rock mountains, picturesque gorges and glistening streams and lakes. The earthquake shook most of Morocco and caused injury and death in other provinces, including Marrakech, Taroudant and Chichaoua. Morocco has deployed ambulances, rescue crews and soldiers to the region to help assist with emergency response efforts. Northern Morocco experiences earthquakes more often, including tremors of magnitude 6.4 in 2004 and magnitude 6.3 in 2016. Emergency response efforts are likely to continue as teams traverse mountain roads to reach villages hit hardest by the earthquake.
Persons: , Hamid Idsalah, Idsalah, I’m, , Haouz, Abdelkadir Smana, Emmanuel Macron, Joe Biden, , Biden, El, King Mohammed VI, Jesse Bedayn, Angela Charlton, Will Weissert Organizations: Moroccan, WHO, Interior Ministry, United Arab, UNESCO, . Geological Survey, Associated Press Locations: Morocco, Marrakech, Al Haouz province, Toubkal, North, Taroudant, Al Haouz, North Africa, Amizmiz, Spain, Qatar, Britain, United Arab Emirates, Vietnam, MARRAKECH, Koutoubia, Agadir, Northern Morocco, Syria, Turkey, Nepal, China, Moroccan, Denver, Paris, Washington
Xinhua/Shutterstock‘Absolutely safe’As heavy rains moved toward the region in late July, China’s top flood control officials met to hash out their response plan. The flood was caused by flood water discharge, not by heavy rainfall.”CNN has reached out to the Zhuozhou and Bazhou governments for comment. Rescuers use rubber boats to transfer Zhuozhou residents trapped by flood waters after days of downpours brought by Typhoon Doksuri on August 2. In the recent rains, at least three upstream reservoirs released flood waters into rivers flowing into Baiyingdian from the west and the south, according to state media. Many countries have systems that involve discharging pent up flood waters into otherwise dry land after major storms.
Persons: Xi Jinping, Xi’s, , It’s, Xiong’an, Jade Gao, Ni Yuefeng, downpours, Typhoon Doksuri, Zhai Jujia, Li Guoying, Hongzhang Xu, Xiao, Li Na, Zhu Xudong, it’s, Xiong’an –, Xu, Baiyangdian Lake, Kevin Frayer, , Meili Feng, Simon Song, Deng Xiaoping, Jiang Zemin, Xu Kuangdi, Yi Haifei, Andrew Stokols Organizations: CNN, Xinhua, Getty, Censors, China News Service, China’s, Water, Australian National University, Authorities, China’s Ministry of Water Resources, Hebei Provincial Department of Water Resources, Geographical Sciences, University of Nottingham, Shanghai’s Pudong New, Chinese Academy of Sciences, Urban Computing Center Locations: Beijing, China, Hebei, Xiong’an’s, Xiong'an, Zhuozhou, AFP, Bazhou, Xiong’an, Tianjin, , Xinhua, Baiyingdian, Baiyangdian, Mississippi, University of Nottingham Ningbo, , Hebei province, Shenzhen, Shanghai’s Pudong, Shanghai
China recently switched on a 16-megawatt offshore wind turbine in the Taiwan Strait. It's the largest, most powerful turbine in the world, at 499 feet tall with 404-foot blades. That dwarfs the size and capacity of American and European wind turbines currently in use. For comparison, the Block Island Wind Farm off the coast of Rhode Island has five wind turbines capable of generating 30 megawatts of electricity combined, which the company behind it says can power 17,000 homes. Workers install the world's first 16-megawatt offshore wind turbine at an offshore wind farm operated by China Three Gorges Corporation on June 28, 2023 in Pingtan Comprehensive Experimental Zone, Fujian Province of China.
Persons: IFLScience, Lyu, GREG BAKER, it's, China doesn't Organizations: Service, Privacy, Gorges Corporation, Workers, China Three Gorges Corporation, China News Service, Getty, GE Locations: China, Taiwan Strait, Rhode, Fujian Province, New York City, Pingtan, Taiwan, China's, Fujian, AFP
Meituan's insider AI deal does not compute
  + stars: | 2023-06-30 | by ( ) www.reuters.com   time to read: +2 min
Meituan describes Light Year as a leading AI innovator in China. Its backers include Meituan CEO Wang Xin and Sequoia Capital China's HongShan fund, which is controlled by a Meituan non-executive director. Meituan is paying out roughly $234 million in cash and covering some $50 million-worth of Light Year's convertible bonds. Interestingly, Meituan's total outlay is roughly equal to the target's net cash position. For investors, understanding this AI deal is no small challenge.
Persons: Wang Huiwen, Meituan, Wang Xin, Robyn Mak, , crouch, Eli Lilly, Antony Currie, Thomas Shum Organizations: Reuters, Meituan, Sequoia Capital, Twitter, Thomson Locations: HONG KONG, HK, China
Casino extends creditors’ losing streak
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +2 min
Casino had previously hinted that it was seeking to restructure the unsecured portion of its debt, worth around 3.6 billion euros, implying that the remaining 4 billion euros of secured debt would remain intact. That implies borrowings of less than 2.7 billion euros, based on analysts’ forecasts compiled by Refinitiv. As a result, between 1 and 1.5 billion euros of the secured debt may also be converted into equity. Casino reckons it needs at least 900 million euros of new money to finance the company’s business plan in the next few years. The winner, who will be the group’s largest shareholder, will then determine whether they can end Casino’s losing streak.
Persons: Daniel Kretinsky, Xavier Niel, Pierre Briancon, crouch, Eli Lilly, Peter Thal Larsen, Streisand Neto Organizations: Reuters, Casino, Refinitiv, Twitter, Thomson Locations: Czech
Consumers crack open IPO door
  + stars: | 2023-06-29 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, June 29 (Reuters Breakingviews) - The market for U.S. initial public offerings is starting to crack open, but some trends are playing better than others. Shares in thrift store chain Savers Value Village (SVV.N) opened 38% above their IPO price on Thursday even as two other new entrants, Fidelis Insurance (FIHL.N) and energy company Kodiak Gas Services (KGS.N), got a frosty reception. After pricing above its indicated range and then rising further, Savers Value was worth nearly $4 billion in its early hours of trading. It follows Cava (CAVA.N), the Mediterranean lunch chain that by Thursday was worth nearly double the IPO price of $22 it established in mid-June. Meanwhile, Fidelis and Kodiak had to cut their price range, and both debuted below their opening price.
Persons: Fidelis, It’s, Jennifer Saba, , crouch, Eli Lilly, John Foley, Sharon Lam Organizations: YORK, Reuters, U.S, Fidelis Insurance, Kodiak Gas Services, Renaissance Capital, Twitter, Thomson Locations: Cava, Fidelis, Kodiak
Thames Water woes could have bigger ripples
  + stars: | 2023-06-28 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 28 (Reuters Breakingviews) - The UK government is working on plans to nationalise Thames Water, Sky News reports. The indebted utility, which lost its chief executive on Tuesday, may be placed into a special administration regime, with ministers worrying about the company's ability to shoulder 14 billion pounds of debt. UK water companies, privatised by Margaret Thatcher in the 1980s, were supposed to be sleepy investments churning out inflation-proof dividends. Thames, owned by Macquarie (MQG.AX) until 2017, had debt equivalent to 80% of its 17.9 billion pounds regulator-defined asset value last September. Its current shareholders, which include Ontario Municipal Employees Retirement System and China Investment Corporation, last year pledged to invest 1.5 billion pounds to prop it up.
Persons: Margaret Thatcher, Neil Unmack, Eli Lilly, Aston Martin, George Hay, Streisand Neto Organizations: Reuters, Sky News, Macquarie, System, China Investment Corporation, Twitter, Thomson Locations: Thames, Yorkshire, Ontario, Canada
EU’s digital euro plan reflects defensive crouch
  + stars: | 2023-06-28 | by ( ) www.reuters.com   time to read: +2 min
A digital euro, he argues, is essential so that the EU does not fall “behind the curve” in global payments, private-label digital currencies and electronic versions of central bank money. Under the proposal, the European Central Bank would have control over who can use the digital euro, how it will be used internationally, and how much people can hold at one time. At the same time, the plan calls for a digital European currency to have an international role, part of efforts to shore up the euro as a global reserve currency. The EU plan calls for the digital euro to be accepted as legal tender almost everywhere, at no cost to ordinary consumers. If there is going to be a digital euro, Europe’s governments and institutions are clear that they, not the private sector, will be in charge.
Persons: Valdis Dombrovskis, Rebecca Christie, Eli Lilly, Aston Martin, George Hay, Oliver Taslic Organizations: Reuters, European Central Bank, U.S . Federal Reserve, Bank of England, EU, ECB, Twitter, Thomson Locations: BRUSSELS
Eli Lilly gorges on obesity options
  + stars: | 2023-06-27 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, June 27 (Reuters Breakingviews) - Eli Lilly (LLY.N) has filled its plate with potential obesity treatments, unveiling data from two more on Monday. With so many options under development at Lilly, Novo Nordisk (NOVOb.CO) and others, it raises reasonable questions about capital allocation. Obesity drugs have investors salivating, but is this just more pharmaceutical R&D overkill? Pfizer’s cholesterol-lowering Lipitor, for one, reached consumers after rivals, and a decade after Merck’s version. Lilly’s research budget, projected at 24% of revenue this year, exceeds that of many peers, including Pfizer’s (PFE.N) 19%.
Persons: Eli Lilly, Robert Cyran, Aston Martin, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, Novo Nordisk, Twitter, Vodafone, Thomson Locations: Lilly, China, Canada
"What they have been doing so far is using engineering solutions to try to physically supply water and fix their water problem," said Mark Wang, a geographer at Melbourne University who studies the impact of China's water infrastructure. "If China can reduce water use and increase efficiency, it doesn't need mega-diversion projects." Total investment in fixed water assets exceeded 1.1 trillion yuan ($154 billion) last year, up 44% compared with 2021, analysts said. It rose 15.6% to 407 billion yuan in the first quarter of 2023 and officials say even more funding will be made available. 'CHAIN REACTIONS'Part of the new plan involves the expansion of the South-North Water Diversion Project (SNWDP), an ambitious engineering project that diverts surplus Yangtze River water to the arid Yellow River basin in the north.
Persons: Li Guoying, Mark Wang, Wang, Genevieve Donnellon, Gorges, David Stanway, Gerry Doyle Organizations: of Water, Melbourne University, China's Ministry of Water Resources, Oxford Global Society, Diversion, Thomson Locations: China, SINGAPORE, Sichuan, Liangshan County, Poyang Lake, Tibet, India
Pumped Storage Hydropower, 1900-2040 Global map showing a concentration of planned pumped storage projects in China. Pumped Storage Existing Planned China’s momentum has allowed it to surpass Europe’s capacity for pumped storage. “Our data show that pumped storage is set to grow much faster than conventional dams,” said Joe Bernardi, who runs Global Energy Monitor’s hydropower tracker. UPPER RESERVOIR GENERATORS + TURBINES LOWER RESERVOIR When electricity demand exceeds supply, water is released to race downhill, spinning giant turbines. UPPER RESERVOIR GENERATORS + TURBINES LOWER RESERVOIR When electricity demand exceeds supply, water is released to race downhill, spinning giant turbines.
India's crude imports from Russia are expected to reach a record high in April as Asia's second-biggest oil buyer increasingly turns away from its traditional suppliers in the Middle East. As Russian oil was increasingly sanctioned and shunned by European buyers and some in Asia, such as Japan, the steep discounts on offer led to India's refiners buying increasing volumes. The Middle East's share of India's imports likely dropped to 39.8% in April, according to Refinitiv, down from the 12-month average of 56%. While the buying of Russian crude is fairly broad-based among India's refiners, the biggest buyer is Reliance Industries (RELI.NS), which operates a 1.24 million bpd refinery complex in Jamnagar. Kpler data shows that this complex is expected to receive 20.87 million barrels of Russian crude in April, or about 30% of the total volume of India's imports.
TEVEKKELI/TEPEHAN, Turkey, Feb 10 (Reuters) - Drone footage in southern Turkey showed fissures slicing and cracking across fields, roads, streams and hillsides, caused by a massive earthquake that struck the region at the start of the week. One jagged scar of bare and cracked earth, opened up by Monday's quake, cut deep into embankments and ran along expanses of open land up to the horizon near the town of Tevekkeli, in Turkey's southern province of Kahramanmaras. Near the village of Tepehan, huge gorges cut through groves close to a house, leaving islands of grey-brown land and trees perched on the edge of new precipices. "With the initial panic, nobody knew whether we could leave home or whether we could survive. Reporting by Issam Abdallah and Antonio Denti; Writing by Ben Dangerfield and Andrew Heavens; Editing by Edmund BlairOur Standards: The Thomson Reuters Trust Principles.
A video of a tsunami wave toppling over cars and buses dates to Japan in 2011 but has been falsely linked on social media to the massive earthquake in Turkey and Syria on Feb. 6, 2023. The death toll from huge earthquakes in Syria and Turkey has climbed to 19,000, Reuters reported on Feb. 9 (here). The footage shows a tsunami that hit Miyako City in Japan on March 11, 2011 (here). The video dates to 2011 and shows a tsunami in Japan. Read more about our work to fact-check social media posts (here).
[1/3] Family members mourn the death of a victim of the plane crash of a Yeti Airlines operated aircraft, in Pokhara, Nepal January 17, 2023. REUTERS/Rohit GiriKATHMANDU, Jan 18 (Reuters) - Officials in Nepal said on Wednesday there was no chance of finding any survivors of the country's deadliest plane crash in 30 years, but workers will continue to search for the remains of the last missing passenger. The search for the last one will continue," Tek Bahadur K.C., a top district official in Pokhara, said on Wednesday. "Until the hospital tests show all 72 bodies, we’ll continue to search for the last person," Ajay K.C said. Search teams found 68 bodies on the day of the crash, and two more were recovered on Monday before the search was called off.
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