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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaybank Group CEO: Johor-Singapore Special Economic Zone has huge potentialMaybank Group CEO Khairussaleh Ramli talks about opportunities to draw in foreign capital into the Johor-Singapore Special Economic Zone.
Persons: Khairussaleh Ramli Organizations: Maybank Locations: Johor, Singapore
Maybank Group CEO on revitalizing Forest City
  + stars: | 2024-09-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMaybank Group CEO on revitalizing Forest CityMaybank Group CEO Khairussaleh Ramli talks about revitalizing the Forest City Special Financial Zone in Johor, and says it takes 'courage' to set up in the beleaguered zone as it gets back on its feet.
Persons: Khairussaleh Ramli Organizations: Maybank, Forest City Maybank Locations: Forest, Johor
The OPEC+ alliance is once more cracking down on group compliance with oil output cuts, as it presses ahead with a three-pronged plan of formal and voluntary production trims. Eight OPEC+ members, including kingpin Saudi Arabia, were due to begin returning 2.2 million barrels per day of voluntary cuts to the market starting in October. Earlier this month, they postponed this phaseout to start in December instead. OPEC+ nations are operating two other production declines: under official policy, they will produce a combined 39.725 million bpd next year. The same aforementioned eight members are separately curbing their output by another 1.7 million bpd throughout 2025, also on a voluntary basis.
Persons: Undercompliance Organizations: CNBC Locations: OPEC, Iraq, Kazakhstan, Russia, Saudi Arabia, China
Why analysts are calling Cava the next Chipotle
  + stars: | 2024-09-27 | by ( Natalie Rice | ) www.cnbc.com   time to read: +2 min
Fast-casual Mediterranean chain Cava has had an impressive year since going public in June 2023. Now, Wall Street analysts see shades of another fast-casual success story: Chipotle Mexican Grill . In its most recent results for the second quarter of 2024, Cava bucked industry trends by posting same-store sales growth of 14.4% and traffic growth of 9.5%. Cava Group co-founder and CEO Brett Schulman has said its prices increased 15% between 2019 and 2024. "You hear a lot about the value wars lately.
Persons: Nick Setyan, Brett Schulman, Schulman, That's, Cava, Chipotle Organizations: Wall Street, Wedbush Securities, Cava Group Locations: Cava, Chipotle
Reuters —South Korean lawmakers on Thursday passed a bill that criminalizes possessing or watching sexually explicit deepfake images and videos, with penalties set to include prison terms and fines. There has been an outcry in South Korea over Telegram group chats where sexually explicit and illegal deepfakes were created and widely shared, prompting calls for tougher punishment. Currently, making sexually explicit deepfakes with the intention of distributing them is punishable by five years in prison or a fine of 50 million won ($37,900) under the Sexual Violence Prevention and Victims Protection Act. Earlier this month, police launched an investigation into Telegram that will look at whether the encrypted messaging app has been complicit in the distribution of sexually explicit deepfake content. Earlier this year, social media platform X blocked users from searching for Taylor Swift after fake sexually explicit images of the pop singer proliferated on social media.
Persons: Yoon Suk, Taylor Swift Organizations: Reuters, South, Telegram Locations: South Korea
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's stimulus not a long-term fix for its broader economic issues, says Bleakley's Peter BoockvarPeter Boockvar, Bleakley Financial Group chief investing officer, and Dan Greenhaus, Solus Alternative Asset Management chief strategist, join CNBC's 'The Exchange' to discuss the long-term reach of China's stimulus, how to position in the Chinese markets moving forward, and more.
Persons: Bleakley's Peter Boockvar Peter Boockvar, Dan Greenhaus, CNBC's Organizations: Bleakley Financial Group, Asset Management
CNN —A major Trump Media shareholder and former contestant on “The Apprentice” has unloaded almost his entire stake in former President Donald Trump’s social media company. Although the stock price has been volatile, that stake is worth roughly $100 million at current prices. That is down from just over 7.5 million shares that the firm owned as of late March. Insiders were prohibited from selling shares in Truth Social owner Trump Media by lock-up restrictions, which appear to have lifted. Trump owns 114.75 million shares in Trump Media, according to the most recent filings.
Persons: Donald Trump’s, Andy Litinsky, Litinsky, burnish, Trump Organizations: CNN, Trump Media, United Atlantic Ventures, Trump Media & Technology Group, NBC, Insiders, Truth Social, Trump
Etihad Airways on Wednesday revealed a $7 billion investment plan over the next five years in a bid to "double the size of the airline until 2030." Speaking to CNBC's Dan Murphy, Etihad's Group Chief Executive Officer Antonoaldo Neves revealed passengers should expect "a totally different airline" within the next two to three years. Much of the $7 billion will go into revamping its existing fleet of planes, as well as the purchase of new aircraft further down the line, he said. But Neves is aiming for the skies, with the hope of having up to 170 planes by the end of the decade. Neves said Etihad will begin retrofitting and revamping "dated" Boeing 777 planes from 2026 onward, this is due to what he described as "the constraints that we have in the global aviation market."
Persons: CNBC's Dan Murphy, Antonoaldo Neves, Abu, Neves Organizations: Etihad Airways, Etihad's, Etihad, Boeing, United Arab Locations: Abu Dhabi, Europe, Southeast Asia, United Arab Emirates
Follow her on Instagram, Facebook and X.CNN —One of the increased dangers kids could face on social media this week comes from an unexpected source: their parents. On National Daughters Day on Wednesday, many parents will share pictures of their children on their social media feeds. But “sharenting” — when parents share pictures of their kids on social media — comes with potential risks to children. An even scarier prospect is the possibility that photos parents post could attract the attention of criminals. The parents I have spoken to across the country often tell me they are worried about what their children are doing on social media.
Persons: Kara Alaimo, , Young, “ they’re, ” Leah Plunkett, , , Plunkett, sharent, isn’t, Mark Zuckerberg, It’s Organizations: Fairleigh Dickinson University, Women, Press, Facebook, CNN, School, Harvard Law School, Harvard Law, Meta
CNN —Thousands of Florida residents have been forced to evacuate as the state prepares for rapidly strengthening Tropical Storm Helene, which could bring powerful winds, flooding and life-threatening storm surge to areas already hard-hit by recent hurricanes. The Big Bend area faces the most serious storm surge: up to 15 feet of it is possible. Over in Sanibel, one couple who met during Hurricane Ian in 2022 and nearly lost everything are now going to weather Tropical Storm Helene together, CNN affiliate WINK reported. Large clouds move over Havana due to the proximity of the tropical storm Helene, on September 24. Officials in neighboring Pinellas County warned hundreds of homes would likely flood with a higher storm surge than in past destructive storms.
Persons: Helene, Debby, Idalia, Ian Just, ” Howard Rabe, “ We’ve, we’ve, , Rabe, Ian, Michele Vikartofsky, Larry Leventhal, ” Vikartofsky, , it’s, “ Ian, Vikartofsky, WINK, Hurricane Debby, Ron Booher, Hurricane Michael, ” Lynn Marshall, Yamil Lage, Ron DeSantis, DeSantis, Cathie Perkins, Kenneth Welch, ” Welch, Brian Kemp, ” Kemp, James Stallings, Herman, Connell Crooms, Corey Perrine, it’ll, It’s Organizations: CNN, Hurricane, National Hurricane Center, Tampa General Hospital, WFTS, WINK, WFTV, WJHG, Getty Images, Gov, Florida National Guard, Florida State Guard, , Georgia Gov, Georgia Emergency Management, Homeland Security, Woerner, Florida Times, USA, Florida, National Weather Service, Carolinas, Weather, Florida Panhandle Locations: Florida, Bend, United States, Gulf of Mexico, Tampa, Florida’s Gulf, Anclote, Mexico Beach, Cabo Catoche, Citrus, Hillsborough, Charlotte, Gulf , Manatee, Pinellas, Taylor County, Tallahassee, Franklin, Wakulla, Port Richey, Sanibel, Manatee County, Gulf County, Havana, AFP, Getty Images Florida, Georgia, Pinellas County, Idalia, St . Petersburg , Florida, Hillsborough , Pinellas, Sarasota, Jacksonville , Florida, Tampa Bay, Florida , Georgia, Alabama, Tennessee, Carolinas, Virginia, Gulf, Helene
Qatar's Ooredoo Group announces a $550 million finance deal
  + stars: | 2024-09-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQatar's Ooredoo Group announces a $550 million finance dealAziz Aluthman Fakhroo, group CEO of the telecom company, speaks to CNBC's Dan Murphy about its plans to accelerate its data center business.
Persons: Aziz Aluthman Fakhroo, CNBC's Dan Murphy
VATICAN CITY Associated Press —Pope Francis took the unusual decision Wednesday to expel 10 people – a bishop, priests and laypeople – from a troubled Catholic movement in Peru after a Vatican investigation uncovered “sadistic” abuses of power, authority and spirituality. It was announced by the Peruvian Bishops Conference, which posted a statement from the Vatican embassy on its website. The statement was astonishing because it listed abuses uncovered by the Vatican investigation that have rarely if ever been punished canonically — such as hacking someone’s communications — and cited the people the pope held responsible. Victims of Figari’s abuses complained to the Lima archdiocese in 2011, though other claims against him reportedly date to 2000. The investigation, published in 2017, found that Figari sodomized his recruits and forced them to fondle him and one another.
Persons: CITY Associated Press — Pope Francis, , Francis ’, Luis Figari, , Figari, Pedro Salinas, Paola Ugaz, Sodalitium, Jordi Bertomeu, Charles Scicluna, Martin Mejia, Jose Antonio Eguren, Francis, Salinas, Organizations: CITY Associated Press, Peruvian Bishops Conference, CNN, South, Catholic, Maltese, Associated Press Locations: Peru, Vatican, America, South America, United States, Lima, Rome, Spain, Malta, Lima , Peru, Figari, Piura, Ugaz, Eguren’s, Peruvian
Some countries are fairly straightforward about their requirements for citizenship through jus sanguinis. Hungary offers citizenship based on jus sanguinis with some caveats, too. “When both of my parents got their Hungarian citizenship around four years ago, it made it easier for me to get it,” said Koszorus, 41, who received his Hungarian citizenship this summer, less than a year after he started the paperwork and application process. And a private Facebook group called Dual US-Italian Citizenship has more than 70,000 members and is among many other resources available to people who think they might have a blood right path to Italian citizenship. Florida-based travel writer Terry Ward lives in Tampa and has the blood right to Italian citizenship through her paternal great-great-grandfather.
Persons: Lisa Wixon, jus solis, she’d, , Wixon, ’ ”, Sophie Jo Wasson, Fragomen, Czechia, Wasson, Frans Sellies, , ” Wasson, Franco, Ferenc G, Koszorus, Koszorus That’s, Marco Permunian, Vittorio Emanuele II, Marco Bottigelli, Permunian, Janna Graber, ” Graber, Graber, Richard Orbidans, Orbidans, Drew Angerer, won’t, Terry Ward Organizations: CNN, New, European Union, , Croatian, Getty, Irish, Department of Foreign Affairs, Nazi, First Armored Division, Citizenship Assistance, Vittorio, ICA, Facebook, Go, Latvian, Baltic, Visitors, Ellis, National Museum of Immigration Locations: New York City, United States, Rijeka, Croatia, Europe, Ireland, France, London, Italy, Spain, Austria, Poland, Romania, Hungary, Yugoslavia, Moher, Northern Ireland, Germany, Austrian, Spanish, American, Washington, DC, Hungarian, Nazi, West Germany, Milan, Italian, Baltic, Colorado, Riga, Latvia, Lithuanian, Lithuania, Ellis, European, Florida, Tampa
Read preview"The Secret Lives of Mormon Wives" is officially one of Hulu's biggest reality hits. Who will return for 'The Secret Lives of Mormon Wives' season 2? Related storiesWill there be any new cast members on 'The Secret Lives of Mormon Wives' season 2? What could happen on 'The Secret Lives of Mormon Wives' season 2? "The Secret Lives of Mormon Wives" season one is streaming on Hulu.
Persons: , Taylor Frankie Paul, Tate Paul, Paul, Whitney Leavitt, Layla Taylor, Demi Engemann, Jessi Ngatikaura, Jen Affleck, Mikayla Matthews, Mayci, Disney, Ashley Rose Ramirez, Neeley, Leavitt, Zac Affleck, Affleck, MomTok, Camille Munday, Victoria Zalic, Miranda McWhorter, Taylor, Dakota Mortensen, Fred Hayes, Mortensen, Jenna, Jenna — Organizations: Service, Business, Hulu, Disney Locations: MomTok, New York City, Utah
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope has been 'the disappointment for the year,' DHL Group CEO saysTobias Meyer, CEO of DHL Group, speaks to CNBC's Dan Murphy about the global economy and whether a recession is on the horizon.
Persons: Tobias Meyer, CNBC's Dan Murphy Organizations: DHL Group
According to Lebanese health officials, Israeli strikes have killed 558 people and led thousands to flee for safety. "It's not going to be a walk in the park," Assaf Orion, a retired brigadier general from the Israeli military told the Journal. Analysts say that Hezbollah has likely learned valuable lessons from working with the Russian military in Syria. The latest round of conflict between Israel and militias aligned with its arch-foe Iran began on October 7, when Hamas launched terror attacks in Israel and Israeli forces invaded Gaza. Hezbollah launched missile attacks on northern Israel in solidarity with Hamas, while the US pledged support for Israel if attacked and the Kremlin shored up support for its regional allies.
Persons: , Vladimir Putin's, It's, Mesrob, Russian Wagner Organizations: Service, Military, Wall Street, Business, Center for Strategic, International Studies, Department of Politics, Studies, SOAS, University of London, France, Hezbollah, Israel, CNN, Washington Institute for Near, Hamas, Washington Institute Locations: playbook, Ukraine, Lebanon, Israel, Russia, Ukrainian, Syria, Russian, Iran, Gaza, Hezbollah
But Myers replaced LinkedIn's "#Open to Work" banner with a bright pink sign that read "#Desperate." A controversial banner is bornLinkedIn rolled out its "Open to Work" banner in 2020. AdvertisementThe small visual appears on top of a user's profile image. Courtney Myers' take on LinkedIn's Open to work banner. Along with her "desperate" banner, Myers published a short note on LinkedIn describing her work experience.
Persons: , Courtney Summer Myers, Myers, Courtney Myers, It's, Kamala Harris, I've, she's Organizations: Service, Business, Disney, Universal, Warner Bros Locations: LinkedIn's, London, Southampton, America, American, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKey U.S. ports brace for possible shutdowns ahead of holiday shopping seasonKathryn Thompson, Thompson Research Group CEO, joins 'Squawk Box' to discuss how transport companies are preparing for possible port shutdowns, how long a dockworker strike could be, and more.
Persons: Kathryn Thompson Organizations: Thompson Research
Dow and S&P 500 notch another record close
  + stars: | 2024-09-23 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDow and S&P 500 notch another record closePaul Hickey, Bespoke Investment Group co-founder, and Jim Paulsen, Paulsen Perspectives author, joins 'Closing Bell Overtime' to talk the day's record market action.
Persons: Paul Hickey, Jim Paulsen, Paulsen Organizations: Dow, Investment Group
CNN —Israeli Prime Minister Benjamin Netanyahu is considering a plan to force all Palestinian civilians out of northern Gaza, including Gaza City, in order to lay siege to Hamas and force the release of hostages. The plan does not mention whether, when, or how civilians would be allowed to return to northern Gaza. The idea comes from a group of retired Israeli military generals, who have formally presented it to the Israeli cabinet and a powerful parliamentary committee. “The right thing to do is to inform the approximately 300,000 residents who remained in the northern Gaza Strip, citizen residents, of the following: Not that we are suggesting you leave the northern Gaza Strip, we are ordering you to leave the northern Gaza Strip.”“In a week, the entire territory of the northern Gaza Strip will become military territory. The plan does not tackle the question of whether Palestinians could ever return to northern Gaza, one of its backers told CNN.
Persons: Benjamin Netanyahu, Giora, Kan, Netanyahu, , , General Gershon Hacohen, , Meirav Cohen Organizations: CNN, Israeli, Knesset’s Foreign Affairs, Defense, Israel Defense Forces ’, National Security Council, Reserve Fighters, Israel Defense Forces, Office, Yesh Locations: Gaza, Hamas
The Federal Bureau of Investigation boarded a vessel managed by the same company whose cargo ship caused the collapse of the Francis Scott Key Bridge, according to a statement published Saturday. NBC News has reached out to the owner of the vessel Grace Ocean Private Limited, and its operator, Synergy Marine Group for comment. NBC News has also reached out to the U.S. Attorney's Office in Maryland and U.S. Coast Guard for comment. A spokesperson for the U.S. Environmental Protection Agency would not comment further on the matter. Six construction workers died when the bridge went crumbling down into the Patapsco River.
Persons: Francis Scott Key, Dali Organizations: Federal Bureau of Investigation, Environmental, Division, Coast Guard Investigative Services, Maersk, FBI, NBC, Ocean Private Limited, Synergy Marine Group, Attorney's, U.S . Coast Guard, U.S . Environmental, Agency, Francis Scott Key Bridge, Associated Press, National Transportation Safety, U.S . Justice Department, Grace Ocean Private Limited, Synergy Locations: Maryland, U.S, Singapore, Patapsco, Baltimore
The NYPD on Friday released body-worn camera footage from a weekend shooting at a Brooklyn subway station that started as a confrontation between police and an apparent fare-beater who they have said charged at officers with a knife. According to police and surveillance video from the station, Mickles jumped a turnstile at the subway station just after 3 p.m. Sunday, right in front of two officers. When a train pulls into the station, Mickles backs onto it once the doors open. All shots were fired by NYPD officers, authorities have said. “There was no need for any bullets to fly in the subway station, especially in a setting where the officers put innocent bystanders at risk.
Persons: Gregory Delpeche, Mickles, Jonathan Fink, , Fink, , , Bystander’s, Nick Liakas, Gregory, ” Liakas, Derell Mickles “, Tasers, Thomas Donlon, John Chell, Loyda Colon, Chris Banks, Eric Adams, ” Adams, Mickles “ Organizations: Woodhull Hospital, NYPD, ” Police, Communities United, Police Reform, New, York City, “ Police Locations: Brooklyn, Brownsville, New York City, York
That’s why Maricopa County has spent over $864,000 in federal funds and more than $3 million in county funds to bolster its election security and processes over the past four years. Officials readily shared their worries with CNN, citing death threats, harassment, baseless lawsuits, onerous public-records requests and various security threats spurred by false claims about voter fraud. Amid these challenges, budgets for election security have been squeezed in several ways. Thousands of election workers across the country have reported receiving harassing, offensive or hostile communications, including since the 2022 midterms, according to the Department of Justice’s Election Threats Task Force. As recently as Tuesday, Trump threatened to prosecute and imprison election officials if he wins in November, as he cast doubt on the integrity of the upcoming election.
Persons: , Bill Gates, MAGA, Donald Trump’s, , Ben Hovland, ” Hovland, ” Ben Hovland, Patrick Semansky, Hovland, Joe Biden, Biden, Sen, James Lankford, , Louisiana hasn’t, they’ll, Colorado —, CNN they’ve, “ We’re, they’ve, John Michael Catalano, Elijah Nouvelage, Isaac Cramer, Katharine Clark, we’re, Cramer, Mark Zuckerberg, Priscilla Chan, Zuckerberg, Trump, Chan, George Christenson, Republicans don’t, Jim Jordan of, Alex Jones swooped, Kelli Ward, Rudy Giuliani, Mark Meadows, Jenna Ellis, Kari Lake, She’s, Stephen Richer, Michael Chow, who’ve, Judge Scott Blaney, denialism, Kamala Harris, Arizona’s, Jeff Woolf, ” Woolf Organizations: Phoenix CNN, county’s, Supervisors, CNN, , U.S, Election, Commission, National Association of, State, Help, Congress, FBI, US Postal Service, Tech, Civil, Center, Election Innovation, Research, Department, Force, South Carolina, South, Charleston County, Facebook, Democratic, Biden, Trump, FEC, GOP, Republicans, Democrats, Arizona Senate Republican, USA, Network, Arizona Superior Court, Republican Locations: Maricopa, Maricopa County, Washington, California , Georgia, Nevada , Oregon , Texas, Arizona , Georgia, North Carolina, Takoma Park , Maryland, Oklahoma, “ Louisiana, Nevada, Michigan, Louisiana, Delaware, Virginia, Colorado, Arizona, Georgia, Oregon, South, South Carolina, Fulton County, Atlanta, Charleston, Santa Fe , New Mexico, Pennsylvania, In Wisconsin, Milwaukee County, Wisconsin, Jim Jordan of Ohio, China, Republic
Combs, meanwhile, was indicted in the Southern District of New York on three counts: racketeering conspiracy, sex trafficking and transportation to engage in prostitution. Members of the enterprise also witnessed acts of violence by Combs against the victims, it says. It was unclear whether Ventura reported any of the allegations of abuse to police and a federal lawsuit was later settled. Court sketch of Sean "Diddy" Combs in federal appeals court Wednesday, Sept 18., presided over by Judge Andrew Carter. The indictment against Combs outlines a number of alleged victims, women and sex workers among them, but does not say how many there are.
Persons: Sean “ Diddy ” Combs, Robert Sylvester Kelly, Combs, , Nadia Shihata, Kelly, ” Kelly, , ” Robert Sylvester Kelly, Ann M, Donnelly, Christine Cornell, John Miller, ” Miller, ” Combs, Neama Rahmani, Casandra, Cassie ” Ventura, Ventura, ” Rahmani, Sean, Diddy, Judge Andrew Carter, ” “ He’s, ” CNN’s Eric Levenson contirbuted Organizations: CNN, of, of Illinois, Areva Martin, United States, Intelligence, Homeland Security Investigations, Southern District, of New York, West Locations: New York City, Eastern, of New York, York, Southern, New York, Illinois
The 2024 White House race remains too close to call, but Vice President Kamala Harris' momentum is evident when you look just a little past the horse race. Earlier this week, Harris' favorability emerged above water for the first time since shortly after President Joe Biden took office. Soltis Anderson discussed a poll that the interest group commissioned, which found Harris has expanded Biden's once-meager lead over women voters aged 50 and over. Unlike Clinton, Walsh pointed out Harris hasn't spent decades in the spotlight and isn't faced with assuaging voters' fears of a potential political dynasty. Harris' favorability was up slightly in both Pennsylvania and Michigan.
Persons: Kamala Harris, Harris, favorability, Joe Biden, She's, Kristen Soltis Anderson, Soltis Anderson, Debbie Walsh, Tim Malloy, Likability, Barack Obama's, Hillary Clinton, Donald Trump's, Nikki Haley, Gabe Fleisher, reexamined, Trump, Nate Silver's, Walsh, There's, Clinton, Harris hasn't, isn't, Clinton's favorability, Obama's, Mark Robinson, Robinson, Sen, JD Vance, he's, Malloy Organizations: Service, AARP, Business, Center for American Women, Politics, Quinnipiac University Poll, Democratic, Research, Pew Research, State, Rutgers University, Gov, CNN, Republicans, Trump Tower, Trump Locations: North Carolina, Nazi, Nebraska, FiveThirtyEight's, Trump, Pennsylvania, Michigan, Wisconsin
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