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☆ Disney is making it easier for its most loyal customers to visit its theme parks
▼ + stars: | 2023-01-10 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

Disney is making some changes at its theme parks this year, prompted by feedback from guests who have complained about rising prices and longer wait times. In a letter Tuesday, parks and resorts Chairperson Josh D'Amaro told employees about a number of modifications to its reservation and ticketing system as well as its annual pass membership perks. This included the integration of an online reservation system, which required guests to plan visits in advance of arriving at the parks, and a reduction in capacity. During this time, Disney also pushed guests towards no-touch payment options, like its magic bands and mobile order and pay. While contactless payments are no longer required, guests can once again pay with cash, many guests have made the transition to these new methods.

☆ 'Quick and dirty': France's Macron expected to push through pension reforms after years of pushback
▼ + stars: | 2023-01-10 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

The French government is presenting new plans to update the pension system. French President Emmanuel Macron is going at it again: a new pension reform will be presented Tuesday, and is expected to face some backlash. Macron is serving his second term as France's president but overhauling the pension system is a long-standing promise that dates all the way back to when he was first elected in 2017. The public sector also has "special regimes," or sector-specific deals that allow workers to retire before they're 62. Public sector workers — arguably the ones with the most to lose from potential reforms — protested for several days in some of the country's biggest strikes in decades.

☆ U.S. tax credits could benefit global automakers — but Europe wants more
▼ + stars: | 2023-01-10 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

European officials are still looking for further concessions from the United States to ensure European electric car manufacturers will not leave the bloc amid historic subsidies stateside. The European Union is still not completely satisfied with recent concessions from Washington on its historic set of green energy subsidies, urging the U.S. to add more benefits for European car manufacturers. European leaders have publicly stated their concern over the climate bill, given it provides unprecedented tax credits for those purchasing electric car vehicles made in North America. It could also make these companies less willing to invest in Europe if revenue suffers, which could impact the local labor market. Back in October, U.S. Treasury Secretary Janet Yellen acknowledged that big changes to the legislation were unlikely.

☆ Euro zone inflation rate slides to 9.2% as energy price surge cools
▼ + stars: | 2023-01-06 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

Inflation in Europe has been impacted by higher energy prices and supply shortages. Inflation in the euro zone dropped for a second consecutive month in December, but analysts do not expect it to spark a change in tone from the European Central Bank. It follows November's headline inflation rate of 10.1%, which represented the first slight contraction in prices since June 2021. At the time, the central bank forecast an average inflation rate of 8.4% for 2022, 6.3% for 2023 and 3.4% for 2024. Carsten Brzeski, global head of macro at ING Germany, said these numbers "are not a relief, yet, only a reminder that euro zone inflation is still mainly an energy price phenomenon."

☆ EU strongly recommends travelers from China to take Covid test before entering Europe
▼ + stars: | 2023-01-05 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

European nations are looking at new travel requirements from China after Beijing lifted Covid restrictions. European nations on Wednesday recommended imposing new restrictions on travelers from China amid fears of an increase in Covid cases. Passengers departing from China will likely have to present a negative Covid test before leaving the country if heading toward one of the 27 EU countries. Several EU nations have already stepped up their protection measures against potential new cases from China. Correction: This story was updated to reflect that European officials on Wednesday recommended pre-flight testing of travelers from China.

☆ EU recommends pre-departure Covid tests for flights from China
▼ + stars: | 2023-01-05 | 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 EmailEU recommends pre-departure Covid tests for flights from ChinaCNBC's Silvia Amaro outlines the latest travel restrictions that travelers from China might face when heading to Europe.

European Union energy ministers agreed to a "dynamic" cap on natural gas prices Monday after two months of intense negotiations. Introducing a limit on gas prices has proved controversial for European officials. When applied, it will set a "dynamic bidding limit" on natural gas futures transactions for 20 working days. The Dutch TTF traded around 109 euros per megawatt hour on Monday. Kremlin spokesman Dmitry Peskov said the measure was an attack on market pricing and "unacceptable," Reuters reported, citing Russia's Interfax news agency.

EU energy ministers are wrangling over a proposed price cap on gas. European Union nations are engaged in crunch talks to cap gas prices morning, with energy ministers Monday seeming optimistic about a deal following two months of tough negotiations. Runacher said France would be "comfortable" with a range of "160 to 200 euros [eur/MWh], and we feel that this price [range] converges with that of the presidency." On Monday morning, ministers referred to the measure as a "gas market correction mechanism" rather than a cap. European natural gas prices reached historic levels of around 350 euros per megawatt hour in August, when traders were concerned about the bloc's unity in fighting the energy crisis.

☆ EU's Donohoe: Peak of European inflation behind us
▼ + stars: | 2022-12-15 | by ( Silvia Amaro | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU's Donohoe: Peak of European inflation behind usPaschal Donohoe, president of the Eurogroup, discusses the challenges facing Europe, inflation in the euro zone, and when he thinks a consensus over new fiscal rules will be reached.

☆ Europe moves closer on limiting natural gas prices as Brussels looks to protect consumers
▼ + stars: | 2022-12-13 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

The EU is nearing a deal over a cap on gas prices. Helder Faria | Moment | Getty ImagesThe European Union is nearing an agreement over a cap on natural gas prices, with Brussels already starting preparations for the next winter as the global energy crisis shows no signs of going away. EU energy ministers gathered in Brussels, Belgium, on Tuesday to discuss the details over a cap on natural gas prices. Officials have suggested that the cap could land between 180 euros and 220 euros per megawatt hour. This as the International Energy Agency warns there could be a gas shortage of 30 billion cubic meters in 2023.

☆ Putin's old EU ally Orban is once again aggravating Brussels with knockbacks
▼ + stars: | 2022-12-12 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

Hungary Prime Minister Orban, often seen as a scourge to EU politics with once-warm relations with Russian President Vladimir Putin, took to Twitter on Tuesday. Some EU officials believe Budapest's vote was an attempt to force through its own EU funding. On top of the additional funding for Ukraine, Hungary is also preventing the approval of new tax rules across the EU. Just before the Kremlin began its invasion of Ukraine, Orban said at a joint press conference with Putin how they had worked closely together for the last 13 years. Ukrainian President Volodymyr Zelenskyy said in November he had just received 2.5 billion euros from the EU.

☆ France, Portugal and Spain discuss new pipeline to boost their energy security
▼ + stars: | 2022-12-09 | by ( Silvia Amaro | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrance, Portugal and Spain discuss new pipeline to boost their energy securityCNBC's Silvia Amaro reports on a new meeting between France, Spain and Portugal which is aimed at boosting energy links across the EU.

☆ European Central Bank warns that an EU gas price cap risks financial stability
▼ + stars: | 2022-12-09 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

The European Central Bank has raised concerns over an idea to impose a cap on gas prices in Europe. The European Central Bank is worried about the potential risks to financial markets from an EU-wide cap on natural gas prices. The bloc has been in intense discussions for several weeks over how to impose a limit on gas prices. The Dutch TTF, Europe's main benchmark for natural gas prices, traded around 135.50 euros per megawatt hour Friday. Supporters of the price cap have argued that the instrument will be monitored regularly and can be stopped if regulators, including the European Central Bank, identify any financial distress.

☆ Some crypto backers are purposely taking a 'very dangerous path,' EU regulator says
▼ + stars: | 2022-12-07 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

BRUSSELS — Some market players are purposely avoiding regulation in the crypto space, the EU's top regulator told CNBC as she called for a global approach to protect retail investors. The European Union agreed in June on the Markets in Crypto-Assets (MiCA) regulation. However, she added that some crypto players are choosing to, and are fundamentally against, stricter rules. "Some of those who were involved in crypto, from the very outset, were doing it because they didn't want to be part of the regulated, managed system. Recent crises in the crypto world have clearly exposed the risks for consumers.

☆ Germany is opposed to raising new money to support European competitiveness
▼ + stars: | 2022-12-06 | by ( Silvia Amaro | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGermany is opposed to raising new money to support European competitivenessGerman Finance Minister Christian Lindner told CNBC the U.S. Inflation Reduction Act is an "invitation" for the region to reconsider its competitiveness.

☆ Germany says borrowing more money to compete with the U.S. would be a 'threat' to Europe
▼ + stars: | 2022-12-06 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

BRUSSELS — Germany said Europe should refrain from borrowing more money to compete with U.S. green subsidies or its competitiveness will be threatened. European Commission President Ursula von der Leyen said Sunday "new and additional funding at the EU level" will be needed to make European companies more competitive in the transition to a greener economy. "There are some parts of Ursula von der Leyen initiative which [need] to be further debated, especially her proposal of [a] European sovereignty fund. However, they indicate where the commission believes the bloc should go to be in a better position to compete with the United States. "We have all heard the stories of producers that are considering to relocate future investment from Europe to the U.S.," von der Leyen said Sunday.

☆ Russian oil cap will work, EU ministers insist, despite Kremlin opposition and broad skepticism
▼ + stars: | 2022-12-06 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

G7, the EU and Australia implemented on December 5 a cap on Russian oil prices. BRUSSELS — A price cap on Russian seaborne oil will work, EU ministers told CNBC, despite attempts from the Kremlin to escape sanctions and a broad market skepticism over the measure. When asked if the oil cap can work in reducing Russia's oil revenues, Irish Finance Minister Paschal Donohoe said, "Yes, it can." One of the big open questions is the role of India and China in the implementation of this price cap. "Then we will assess the consequences of the implementation of this oil cap," he added.

In this article DIS Follow your favorite stocks CREATE FREE ACCOUNTBob Iger, CEO, The Walt Disney Company Scott Mlyn | CNBCDisney reappointed Bob Iger as its chief executive recently, abruptly replacing his hand-picked successor Bob Chapek, and giving Iger an early goal — find a new replacement during the next two years. Iger's attention has quickly turned to the other part of his mandate from the board — the immediate challenges facing Disney's business, such as the company's reorganization, cost structure and the future growth of its streaming business. He is the chairman of Disney's studio content and spearheaded the integration of Iger's acquisitions into Disney's overall content pipeline. D'Amaro is head of Disney's parks, experiences and products, the same position Chapek held before becoming CEO. Rebecca Campbell, who's currently in charge of Disney's international content and operations, is another candidate that Iger may favor, people familiar with the matter said.

☆ European Union officials set Russian oil price cap at $60 a barrel
▼ + stars: | 2022-12-02 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

The European Union on Friday agreed to cap Russian seaborne oil prices at $60 a barrel, after several days of intense negotiations over an appropriate level. The announcement comes after the G-7 group of advanced economies agreed in September to impose a limit on Russian seaborne crude and therefore constrain revenues the Kremlin makes from the commodity. However, details on how the cap would work in practice have been debated and hashed out since that point. Russia, amid its onslaught in Ukraine, has warned that an oil price cap could wreak havoc on the energy markets and push commodity prices even higher. The price limit will be reviewed regularly to monitor its market ramifications, but it should be "at least 5% below the average market price," an EU document with details of the cap said.

☆ The U.S. wants the EU to be strict with China. But Europe can't afford it
▼ + stars: | 2022-12-02 | by ( Silvia Amaro | ) www.cnbc.com time to read: +3 min

The United States has stepped up its heavy rhetoric against China, and wants Europe to follow suit. Reports suggested that American officials had told European counterparts to consider using export control restrictions on China. "While the U.S. is trying to pull the EU into its direction to distance itself from China, the EU is keen to maintain economic ties to China. This comes at a time when the relationship between the EU and U.S. is turning a little sour. The EU said this challenges international trade rules and is a threat to European companies.

☆ Russian oil sanctions are about to kick in. And they could disrupt markets in a big way
▼ + stars: | 2022-12-01 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

European oil sanctions are due to kick in on December 5. Upcoming sanctions on Russian oil are set to be "really disruptive" for energy markets if European nations fail to set a cap on prices, analysts warned. The 27 countries of the European Union agreed in June to ban the purchase of crude oil from Dec. 5. The potential for rising oil prices is "why there's pressure from the U.S." to agree on a cap, Gloystein told CNBC Wednesday. A price limit would see G-7 nations buy Russian oil at a lower price, in an effort to reduce Russia's oil income without raising crude prices across the globe.

☆ Euro zone inflation rate eases slightly to 10% as surge in energy prices slows
▼ + stars: | 2022-11-30 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

Markets track the latest inflation data out of the euro zone ahead of a new ECB meeting. Inflation in the euro zone slowed slightly in November, according to preliminary figures out Wednesday, with prices coming off record highs and missing analyst expectations. Inflation rose above the 10% mark last month, highlighting the severity of the cost-of-living crisis in the bloc. The initial data Wednesday from Europe's statistics office showed headline inflation at an annual 10% this month — representing a 0.6 percentage point fall from October. Energy and food continued to contribute to the lofty inflation figures, but with a noticeable drop in the former.

☆ Europe's biggest buyer of bonds is starting to think about selling
▼ + stars: | 2022-11-30 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

Christine Lagarde, president of the European Central Bank speaks at an event. The central bank is due to meet in mid-December for more monetary policy decisions. The European Central Bank could be about to answer a lingering question in the coming weeks that could have major repercussions for financial markets. "The biggest question in December is what they'll do regarding QT," Marchel Alexandrovich, European economist at Saltmarsh Economics, told CNBC over the phone. "In December, we will also lay out the key principles for reducing the bond holdings in our asset purchase program portfolio," she told European lawmakers.

☆ Bob Iger’s biggest challenge at Disney: Finding the next Bob Iger
▼ + stars: | 2022-11-30 | by ( Frank Pallotta | ) edition.cnn.com time to read: +5 min

New York CNN Business —Bob Iger has a lot on his to do list in his second round as Disney’s CEO. Finding the next Bob Iger. Josh D’AmaroLet’s start with Josh D’Amaro, chairman of Disney’s Parks, Experiences and Products, who took over that role from Chapek when he became CEO. Jimmy Pitaro & Dana WaldenThere also are two executives from Disney’s TV side: Jimmy Pitaro, chairman of ESPN and Sports Content, and Dana Walden, chairman of Disney General Entertainment Content. The next Bob IgerIs it even possible to replace Bob Iger?

☆ Europe's real energy crisis will come next winter – but it also won't last forever
▼ + stars: | 2022-11-28 | by ( Silvia Amaro | ) www.cnbc.com time to read: 1 min

It has been a fierce race against time for European nations looking to fill up their gas storage ahead of winter. Their efforts and a mild start to the winter have paid off: more than 95% of the EU's gas storage was filled by mid-November. That's easing price pressures on consumers — but Europe's energy crisis is far from over. In fact, energy experts tell CNBC it is next winter they are most worried about. Learn more about what is threatening Europe's energy supply in the video above.

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