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What it’s really like to live in Antarctica
  + stars: | 2024-05-23 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +14 min
The Minnesota native first went to the White Continent in 2007 to work as a janitor at McMurdo Base, one of the three US outposts there. She was one of half-a-dozen people staffing the world’s southernmost post office, UK-administered Port Lockroy. Counting penguins is one of the roles Port Lockroy staff have during their time in Antarctica. Once you get the Antarctica bug, Long and Nelson say, it’s pretty hard to get rid of. In a fast-paced globalized world where everyone is on their phones all the time, Antarctica offers a rare opportunity to live a different kind of life.
Persons: United States –, Keri Nelson, Amundsen, ” Nelson, , McMurdo, Palmer, Evan Townsend, ” Keri Nelson, , Nelson, Scott Base, , Scott, Keri Nelson “, Chris Long, Long, Laura Bullesbach, Bridie Martin, Laura Bullesbach doesn’t, you’re, You’re, Port Lockroy, Bullesbach, Clare Ballantyne, ” Long, Keri Nelson Long, he’s, vacationer, ” Klaus Dodds Organizations: CNN, United, Antarctic, Minnesota, Base, Scott, Palmer, grownups, McMurdo Base, McMurdo, US, Geographic, Pole, Ocean, Scott Base, Port, Lockroy, Port Lockroy, Electronics, University of London Locations: Antarctica, Chile, Japan, Australia, United States, McMurdo, New, Ross, Amundsen, New Zealand, Russian, South America, Port Lockroy, Lockroy, Port, Denver, China
Read previewAt least 75 of Alaska's brooks and streams have been turning a dirty orange likely due to thawing permafrost, with some rivers so impacted that the discoloration can be seen via satellite, a new study says. Rivers and lakes typically have a pH value of 6.5 to 8, and acid rain has a pH value of 4.2 to 4.4. Jon O'Donnell/National Park Service"These findings have considerable implications for drinking water supplies and subsistence fisheries in rural Alaska," researchers wrote. The 75 orange streams observed were scattered across northern Alaska over a span of about 600 miles, the study said. AdvertisementAn orange tributary joins the Kuguroruk River in Alaska.
Persons: , Jenny McGrath, Jon O'Donnell, Joshua Koch, Biden Organizations: Service, Business, Geological Survey Scientists Locations: Rivers, Kobuk, Alaska
Ex-Reddit CEO Yishan Wong says tech giants are obsessed with AI but shipping bad products. "The big internet giants are in a state of memetic competition over AI," Wong said. Wong said tech companies are forcing everyone to use their LLM-powered products. AdvertisementTech giants are letting their obsession with AI affect the quality of the products they're launching, former Reddit CEO Yishan Wong said on Wednesday. "This is leading to all of them integrating LLM-powered AI into their products, but the AI sometimes gives flawed answers, which is problematic in products where the existing quality/accuracy expectation was higher," Wong continued.
Persons: Yishan Wong, Wong, Organizations: Service, Tech
A Vox story on Saturday said the company could take back vested equity if departing employees did not sign a non-disparagement agreement. "For a company to threaten to claw back already-vested equity is egregious and unusual," California employment law attorney Chambord Benton-Hayes told Vox. AdvertisementOn Saturday, OpenAI CEO Sam Altman said on X, "Vested equity is vested equity, full stop." We have not and never will take away vested equity, even when people didn't sign the departure documents. Not signing "could impact your equity," OpenAI told one of them, per Vox.
Persons: , Chambord Benton, Hayes, Vox, Sam Altman, Altman, Kelsey Piper's, OpenAI execs, Jason Kwon, Kwon, OpenAI, i've, Scarlett Johansson Organizations: Service, Equity, Business, Vox Locations: California, Vox
India's startup ecosystem is poised for promising growth as the country works toward boosting economic growth and entrepreneurship — but more jobs are needed to combat high levels of unemployment. India's unemployment rate rose to 8.1% in April compared to 7.4% the previous month, according to the Centre for Monitoring Indian Economy. The number of startups in India jumped 37% in April compared to a year ago, leading to a 14% increase in the number of jobs from startups, latest employment trends data from Foundit showed. The report highlighted that the IT services sector had that most job opportunities, and more than 50% of new startup jobs were catered toward fresh university graduates. While India's push to be self-sufficient in manufacturing and IT is giving young people more career routes and choices, more needs to be done to combat India's high youth unemployment, Garisa said.
Persons: Chandra Garisa, Garisa Organizations: Centre, Monitoring, CNBC Locations: India, Foundit
Meta formed a product advisory council six months after disbanding its Responsible AI division. Four white male tech execs sit on the new council, called Meta Advisory Group. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMeta announced the formation of a product advisory council on Wednesday, six months after it disbanded its Responsible AI division. The Meta Advisory Group consists of four executives: payment platform Stripe CEO Patrick Collison, former GitHub CEO Nat Friedman, Shopify CEO Tobi Lütke, and former Microsoft executive Charlie Songhurst.
Persons: Meta, , Patrick Collison, Nat Friedman, Shopify, Tobi Lütke, Charlie Songhurst Organizations: Meta, Service, Microsoft, Business
The decision by Spain, Norway and Ireland to recognize an independent Palestinian state reflects growing exasperation with the Israel of Prime Minister Benjamin Netanyahu, even from traditional friends, and suggests that international pressure on him will grow. It does not, however, make it inevitable that other larger European states will follow suit. This year President Emmanuel Macron of France has said such recognition is “not a taboo,” a position reiterated by the French Foreign Ministry on Wednesday. “This decision must be useful, that is to say allow a decisive step forward on the political level,” Foreign Minister Stéphane Séjourné said in a statement about potential recognition. “France does not consider that the conditions have been met to date for this decision to have a real impact on this process.”
Persons: Benjamin Netanyahu, Emmanuel Macron, David Cameron, Stéphane Séjourné, Organizations: French Foreign Ministry Locations: Spain, Norway, Ireland, Israel, France, Palestinian, Europe, United States, “ France
Here's how family offices are investing this year and how they plan to change their allocations in the next five years, according to UBS' Global Family Office Report 2024. Family offices plan to maintain the same allocation for 2024 – at 16%. Real estate Apart from fixed income, real estate was the other big change in how family offices invested last year, according to UBS. But family offices plan to increase the real estate part of their portfolios — to 12% in 2024, according to the report. Elsewhere, family offices are investing in Western Europe – in sectors such as luxury goods and automation, and in Asia Pacific (35%).
Persons: That's Organizations: UBS, Global, , Globally, Koh Locations: North America, U.S, Western Europe, Asia, Greater China
CNBC Daily Open: Nvidia shares top $1,000 on AI boom
  + stars: | 2024-05-23 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia to split stock, sales to soarShares of Nvidia rose more than 7%, topping $1,000 for the first time, in after-hours trading after its first-quarter earnings and sales beat analysts' expectations. The company plans to split its stock 10 for 1. The media outlet went public in 2021 and has seen its shares fall 94% since then.
Persons: OpenAI, Vivek, Vivek Ramaswamy, Ramaswamy, Goldman Sachs Organizations: CNBC, Nvidia, Dow Jones, Nasdaq, Dow, Google, GOP, Securities and Exchange Commission
Oil prices fall on worries of higher U.S. interest rates
  + stars: | 2024-05-23 | by ( ) www.cnbc.com   time to read: +2 min
An aerial view of a crude oil storage facility is seen on May 4, 2020 in Cushing, Oklahoma. Oil prices eased for a fourth straight day on Thursday on worries that U.S. borrowing costs could be hiked again if inflation surged, a move that could hurt oil demand. Brent crude futures fell 27 cents, or 0.3%, to $81.63 a barrel at 0004 GMT. U.S. West Texas Intermediate crude (WTI) futures were down 35 cents, or 0.5%, at $77.14. Higher interest rates boost borrowing costs, crunching funds that could boost economic growth and oil demand.
Persons: Brent Organizations: Brent, . West Texas, Federal, Energy Information Administration, Organization of, Petroleum, Secretariat, Russian Energy Ministry, Wednesday, Citi Research, Citi Locations: Cushing , Oklahoma, U.S, Russia, OPEC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAsia as a region is 'supremely interesting,' says JPMorgan's Filippo Gori"You have Japan, which is on fire. India, which is very in high demand," said Filippo Gori, co-head of global banking at JPMorgan, explaining why Asia as a region is interesting for investors.
Persons: JPMorgan's Filippo Gori, Filippo Gori Organizations: Asia, JPMorgan Locations: Japan, India, Asia
European markets are heading for a slightly higher open Thursday as traders digest the minutes of the last U.S. Federal Reserve meeting, which revealed Fed officials have concerns over sticky inflation and remain cautious on possible interest rate cuts. U.K. markets will be closely watched Thursday after Prime Minister Rishi Sunak announced that a general election will be held on July 4, ending months of speculation over the date of a national vote. As polls stand, the ruling Conservative Party is expected to lose to the opposition center-left Labour Party.
Persons: Rishi Sunak Organizations: Federal Reserve, Conservative Party, Labour Party Locations: U.S
Taiwan's new President Lai Ching-te speaks on stage during the inauguration ceremony outside the Presidential office building in Taipei, Taiwan, on May 20, 2024. China's military started two days of "punishment" drills around Taiwan on Thursday in what it said was a response to "separatist acts", just days after new Taiwan President Lai Ching-te took office and called on Beijing to cease its threats. China detests Lai, saying he is a "separatist", and it has denounced his inauguration speech on Monday. The Eastern Theatre Command of the Chinese People's Liberation Army (PLA) said it had started joint military drills, involving the army, navy, air force and rocket force, in areas around Taiwan at 7:45 a.m. (2345 GMT). The drills are being conducted in the Taiwan Strait, the north, south and east of Taiwan, as well as areas around the Taiwan-controlled islands of Kinmen, Matsu, Wuqiu and Dongyin, the command said in a statement.
Persons: Lai Ching, China detests Lai, Wang Yi, Lai Organizations: Eastern Theatre Command, People's Liberation Army, PLA Locations: Taipei, Taiwan, Beijing, China, Taiwan Strait, Kinmen
JPMorgan Chase 's chairman and CEO Jamie Dimon says the the U.S. economy could see a "hard landing." When asked by CNBC's Sri Jegarajah about the prospect of a hard landing, Dimon replied: "Could we actually see one? The CEO was speaking at the JPMorgan Global China Summit in Shanghai. Dimon said the worst outcome for the U.S. economy will be a "stagflation" scenario, where inflation continues to rise, but growth slows amid high unemployment. "I look at the range of outcomes and again, the worst outcome for all of us is what you call stagflation, higher rates, recession.
Persons: JPMorgan Chase, Jamie Dimon, CNBC's, Jegarajah, Dimon, we'll Organizations: JPMorgan, JPMorgan Global China Summit Locations: U.S, Shanghai
Nikki Haley said she'll vote for Trump but says he needs to reach out to her supporters. Trump faces challenges with suburban voters, John Dorman reported and needs to woo Haley voters. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFormer UN Ambassador Nikki Haley exited the GOP presidential primary on March 6 but pointedly declined to endorse the frontrunner and now-presumptive nominee, former President Donald Trump, saying he needed to win over her voters. This story is available exclusively to Business Insider subscribers.
Persons: Nikki Haley, John Dorman, Haley, , Donald Trump Organizations: Trump, Service, GOP, Hudson Institute, Trump —, Business
"You can't ignore it, you have to do business there, even if you decide not to do business there, you need to understand what's going on," Leenart said, adding that what happens in China "influences every industry around the world." In terms of purchasing power parity, China currently accounts for 19% of global GDP and 48% of Asia's GDP . China is too big to be sidelined, and investors "have to do business there," JPMorgan Asia Pacific CEO Sjoerd Leenart said Thursday, adding that the country had emerged as the second world power. Given how extensively China is linked with the region, Leenart emphasized that there needs to be "good activity" in China in order to have a buoyant investment banking business. "I think that [China] have a lot to sell to the world, and that product will be needed all over the world," said Leenart, adding that he sees a lot of opportunity in China.
Persons: Leenart, CNBC's, Sjoerd Leenart, We've Organizations: JPMorgan Chase &, CNBC's Sri, Global China Summit, JPMorgan Asia Pacific, Investors, China's National Bureau of Statistics, Reuters, Wilson Locations: New York, United States, China, CNBC's Sri Jegarajah, Shanghai . China, Asia, Japan, South Korea, Taiwan, Vietnam
U.S. officials have said that AI systems could pose national security risks, for example by making it easier to engineer chemical, biological and nuclear weapons. The Biden administration in October required the makers of the largest AI systems to share details about them with the U.S. government. Microsoft executives said the agreement has safeguards to protect Microsoft's technology and prevent it from being used by Chinese entities to train AI systems. The Commerce Department already requires notifications and, in several regions, export licenses to send AI chips abroad. Microsoft executives said the company welcomes a debate on a new legal framework governing the transfer of AI technology and that the deal with G42 requires the UAE firm to comply with U.S. regulations as they evolve.
Persons: Brad Smith, Smith, Biden, Michael McCaul, we're Organizations: Microsoft, United Arab, Reuters, U.S ., U.S . Department of Commerce, U.S . House, Commerce Department Locations: Madrid, Spain, United Arab Emirates, U.S, UAE
HarbourVest Global Private Equity , a diversified listed private equity investment company, could see its share price rise by more than 40%, according to analysts at investment banks Peel Hunt and Jefferies. Richard Hickman, the managing director of HVPE, describes it as the "most diversified, listed private equity investment company in London." "We're a global fully diversified portfolio covering buyout funds, the more established businesses from small cap through medium to large cap." NAV represents the value of an investment fund's assets per share. They estimate that share buybacks at the current discount could result in a 1.4% uplift in net asset value per share.
Persons: Peel Hunt, Jefferies, Richard Hickman, HVPE, Hickman, Alan Brierley, Ben Newell, Warren, Buffett Organizations: HarbourVest Global, Equity, Peel, London Stock Exchange, CNBC, NAV, Jefferies, Investec Locations: London
Prime Minister Narendra Modi entered India’s general election projecting supreme confidence. “Ab ki baar, 400 paar” went his party’s slogan, meaning this time his side aimed to surpass 400 seats in the lower house of Parliament, a staggering majority. But as the seven-week voting period enters its final stretch, with results expected on June 4, India is witnessing something unusual from its powerful leader. As Mr. Modi crisscrosses the country for rallies in 100-degree heat, he has often appeared on the defensive, and sometimes rattled. He has resorted to stoking anti-Muslim sentiments to fend off attempts to split his Hindu support base, only to deny his own words later.
Persons: Narendra Modi, paar ”, Modi, Locations: India
Dollar hovers near highest in a week after hawkish Fed minutes
  + stars: | 2024-05-23 | by ( ) www.cnbc.com   time to read: +3 min
The yen l anguished just above a three-week low despite the continued threat of intervention by Japanese officials. The dollar index, which tracks the currency against six major rivals including the euro , sterling and yen, was little changed at 104.89 after gaining 0.28% overnight. The dollar was little changed at 156.77 yen after rising to 156.85 overnight, the highest since May 1. Traders and analysts suspect Japan's Ministry of Finance intervened several times to support the yen following its plunge to a 34-year low of 160.245 per dollar on April 29. Bigger rival bitcoin was little changed at $69,491 after reaching $71,957 on Tuesday for the first time since April 9.
Persons: Sterling, Ether, James Kniveton, Japan's, Rishi Sunak, bitcoin Organizations: Bank of Japan, Reserve, Federal, Traders, of Finance, Bank of England, Conservatives, Labour Party, Labour, Securities
Other Australians stranded have had to go scrounge coconuts to eat,” he said. Maxwell Winchester and his wife, an Australian couple stranded in New Caledonia after the unrest broke out. But Winchester said he and other tourists have no sense of when it might be their turn. People line up at a store for supplies in New Caledonia, with larger supermarkets nearby burned and looted during the riots on the French territory. And among the stranded tourists, frustration is growing over what they say is a lack of assistance or clear instructions from their governments.
Persons: Maxwell Winchester, it’s, We’ve, , Emmanuel Macron, , “ We’re, Winchester, Macron, Prisca Thevenot, Theo Rouby, we’re, Organizations: CNN, , New Zealand, Facebook, Australia’s Department of Foreign Affairs and Trade, New Zealanders, Olympic, Paris Olympic Games, ” CNN, Getty Locations: South, New Caledonia, Victoria, Australian, ” Australia, New, Brisbane, Australia’s, , Brisbane , New Caledonia, Paris, France, , Winchester, Noumea , New Caledonia, AFP, French
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJPMorgan says China is an 'incredibly important place' and cannot be ignoredJPMorgan's Asia-Pacific CEO, Sjoerd Leenart, said that in spite of the rhetoric, a lot of international companies are still investing in China and the country remains an important market.
Persons: Sjoerd Leenart Organizations: JPMorgan Locations: China, Asia, Pacific
Another civilian was also killed during the shooting, which took place on May 15, the Kharkiv Regional Prosecutor’s Office said, as intense battles between Ukrainian and Russian forces for control of the border town continue. (Photo by Libkos/Getty Images) Libkos/Getty ImagesThe Russian military had opened fire on the evacuees from a five-story building, the husband told prosecutors. “She stayed in the wheelchair,” the man told prosecutors. The Kharkiv Regional Prosecutor’s Office is “taking measures for a comprehensive investigation” into the shooting of civilians in the border town, it said. Prosecutors say they are working with law enforcement agencies to identify Russian soldiers who have “committed atrocities” in the region.
Persons: Husband, , Organizations: Russian, Kharkiv Regional Prosecutor’s Office, Libkos, CNN, Russian Defense Ministry, Kharkiv Regional Prosecutor’s, Prosecutors Locations: Vovchansk, Kharkiv, Russia, ” VOVCHANSK, UKRAINE, Ukranian, Kharkiv Oblast, Ukraine, Ukrainian, Ukraine’s
Konya: Turkey’s ancient city of whirling dervishes
  + stars: | 2024-05-22 | by ( Robert Iddiols | ) edition.cnn.com   time to read: +7 min
Konya, Turkey CNN —When most people think of Turkey bucket list destinations, a few obvious ones spring to mind - Istanbul, Turquoise Coast hotspots like Bodrum or the otherworldly landscapes of Cappadocia. As well as being a renowned Islamic scholar, Rumi launched the Mevlevi Order of the Whirling Dervishes. And while they can be seen in various locations across Turkey, Konya is the beating heart of their activities. Abdullah Çetín, a photographer based in Konya, says the city and region’s history is also what puts it on the map. Murat Oner Tas/Anadolu Agency/Getty ImagesKonya is also a jumping off point for Lake Tuz, a large hypersaline lake that lies about two hours’ drive northeast of the city.
Persons: , it’s, Celaleddin Rumi, Rumi, Maulana, , Kerem Polat, Adem Altan, Polat, , ” Polat, Abdullah Çetín, Çetín, Murat Oner Tas, Fahri Tunç, Tunç, , , ” Tunç, he’s Organizations: CNN, Turkey CNN, Getty, , Mevlana Museum, Anadolu Agency Locations: Konya, Turkey, Istanbul, Turquoise, – Konya, Adem, AFP, Sultanate of Rum, Balkh, Afghanistan, Mecca, Medina, Anatolia, mycan, Sille, Gevale, Rumi, Konya “, Lake Tuz, Salt, Tuz
The 67-year-old entrepreneur’s visa woes have reignited a fresh firestorm about the frustrations of traveling within Africa for Africans. But many African countries still require visas from other Africans and the experience is fraught with discrimination, hostility and sky-high fees. He has also been detained at airports in Kenya and South Africa because of his Nigerian passport. “There’s a fear in richer African countries that people from poorer nations might be looking for a way to permanently move there,” he explains. His new St Kitts passport allows him to go to more African countries than his Nigerian passport.
Persons: Aliko Dangote, ” Dangote, , Patrick, Pouyanné, Tayo Aina, Aina, YouTuber, hasn’t, Marco Longari, Alan Hirsch, , Sotunde, William Ruto, Tayo Organizations: Rwanda CNN, Forum, CNN, African, African Continental Free Trade, Getty, University of Cape, New, Institute, Travelers, East African Community, Kenyan, REUTERS, Reuters Kenyan, St Kitts Locations: Kigali, Rwanda, Nigerian, Africa, , Benin, The Gambia, Seychelles, Addis Ababa, London, Kenya, South Africa, Caribbean, St Kitts, Nevis, AFP, University of Cape Town, Johannesburg, Southern, West Africa, Abuja, Nigeria, East
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