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Read previewHouthi militants showed in late April that they can expand their war on international shipping far beyond the Red Sea. AdvertisementHe noted that the Shehab's reported range of 990 miles puts it "well within range" of international shipping. The British-registered cargo ship 'Rubymar' sank in March after it was targeted by Yemen's Houthi forces in the Red Sea. "Once they enter the Red Sea, though, ships can be tracked by spotters ashore or on boats or using mobile Houthi radars ashore. "Nevertheless, with the rate of Houthi advances, and increases in speed, control, and maneuverability in-transit, international shipping could soon prove vulnerable."
Persons: , Good Hope, Bryan Clark, James Patton Rogers, Rogers, Samad, Yemen's, Mohammed Hamoud, Clark Organizations: Service, MSC Orion, Business, Hudson Institute, Cornell Tech Policy Institute, US, EU, AIS, Orion, Ships Locations: of Africa, Africa's, Good, Red, Ukraine, Israel
Mark Zuckerberg, CEO of Meta testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024 in Washington, DC. Facebook parent company Meta on Thursday was hit with a major investigation from the European Union into alleged breaches of the bloc's strict online content law over child safety risks. The Commission added that it is concerned about age verifications on Meta's platforms, as well as privacy risks linked to the company's recommendation algorithms. "This is a challenge the whole industry is facing, and we look forward to sharing details of our work with the European Commission." The EU said it will carry out an in-depth investigation into Meta's child protection measures "as a matter of priority."
Persons: Mark Zuckerberg, Meta, Thierry Breton Organizations: Dirksen, Facebook, Meta, European Union, European Commission, CNBC Locations: Washington ,
The EU is investigating Meta over concerns its platforms are fueling addiction among minors. It comes as Meta faces growing legal pressure in the US over the impact of its platforms on kids. AdvertisementMeta is facing more questions over whether it's doing enough to protect kids on Facebook and Instagram. The European Commission, the bloc's regulatory body, said it would also investigate whether Meta's age-verification tools are stopping minors from accessing inappropriate content. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Regulators, Service, Meta, Facebook, EU, European Commission, Business
Slovakia's Prime Minister Robert Fico walks during the European Council summit at the EU headquarters in Brussels, on April 18, 2024. Slovakia's populist Prime Minister Robert Fico is expected to survive a multiple-shot assassination attempt following surgery, according to the country's deputy prime minister. The Slovakian premier's condition has stabilized but remains serious, Reuters cited a hospital official as saying on Thursday. "The shooting of the prime minister is first and foremost an attack against an attack on a human being – but it's also an attack on democracy," she said in an officially translated video. Fico has served as prime minister of Slovakia for around 10 years across three mandates, heading the Smer (Direction) party.
Persons: Robert Fico, Tomas Taraba, Šutaj Eštok, Zuzana Caputova, it's, Fico Organizations: Slovakia's, EU, BBC, Reuters, CNBC, Slovakian Ministry of Interior, Ministry of Foreign Affairs, Slovakian, Sky News, Russia, RTVS Locations: Brussels, Slovakian, Slovak, Handlova, Banska Bystrica, Slovakia, Ukraine
NIO launches its second brand ONVO and its first model L60 on May 15. SHANGHAI — Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li told reporters Thursday. Nio launched its lower-priced brand Onvo on Wednesday with a new L60 SUV that's about $4,000 cheaper than Tesla's Model Y. "For example, in Europe we previously used a direct sales method," said Li, who founded Nio about 10 years ago. That can include local distribution or production, Li said, describing the strategy overall as "global capability, local operation."
Persons: Ai Tiecheng, NIO, ONVO, William Li, Li, Nio, BYD Organizations: NIO, CNBC, GAC's Locations: Shanghai, China, SHANGHAI, Europe
CNN —Slovakia’s prime minister, Robert Fico, is out of danger after being shot five times and undergoing surgery, officials say, following an assassination attempt that rocked the central European country and sparked global condemnation. Footage from the scene showed the injured prime minister being bundled into a vehicle by his staff, before it speeds away with him inside. undefined — Slovakia's Prime Minister Robert Fico walks during the European Council summit at the EU headquarters in Brussels, on April 18, 2024. Unlike the president, whose role has limited scope, the prime minister holds rank as the decision-making head of government. Fico previously served as Slovakia’s prime minister for more than a decade, first between 2006 and 2010 and then again from 2012 to 2018.
Persons: CNN —, Robert Fico, Fico, Tomáš Taraba, , Zuzana Čaputová, Kenzo Tribouillard, Šutaj Eštok, ” Fico Organizations: CNN, EU, Getty, Ukraine, Kyiv, NATO, Reuters Locations: Handlova, Banská Bystrica, Brussels, AFP, Slovakia
View more opinion on CNNCNN —It was a carefully choreographed show of force in Beijing Thursday as Russian President Vladimir Putin arrived for yet another meeting with his Chinese counterpart, Xi Jinping. Frida Ghitis CNNOn Wednesday, Slovakian Prime Minister Robert Fico was shot multiple times and gravely wounded in an assassination attempt. Russia’s lightning assault, according to Ukrainian President Volodymyr Zelensky, who cancelled all his foreign travel, aims to force Ukraine to stretch its defenses. Security officers move Slovak Prime Minister Robert Fico in a car after the assassination attempt in Handlova, Slovakia, on Wednesday May 15. Every day, the stark reality that what began in Ukraine will change Europe for years to come becomes more inescapable.
Persons: Frida Ghitis, Vladimir Putin, Xi Jinping, Robert Fico, Fico, Putin, , Volodymyr Zelensky, Donald Trump, Joe Biden’s, David Cameron, , Fico —, Radovan Stoklasa, Sergei Shoigu, Andrey Belousov, laughably, Rishi Sunak, Mark Rutte, Russia's, Alexander Ryumin, Emmanuel Macron, , Mikko Heiskanen, Xi Organizations: CNN, Washington Post, Politics, CNN CNN, Frida Ghitis CNN, Wednesday, Slovakian, Kyiv, British, Putin, Kremlin, Moscow, European Union, Reuters, Europe, Russia, Republicans, Russian, West, NATO, Institute for, Locations: Beijing, Europe, Ukraine, Kharkiv, Russia, Georgia, Soviet Republic, Moscow, Moldova, Slovak, Slovakia, , Handlova, Iran, North Korea, China, Norway, London, British, Netherlands, , Germany, Berlin, Finland
London CNN —The European Union is worried that Meta is failing to protect children on its platforms, Facebook and Instagram, and has launched a formal investigation that could result in a hefty fine. The probe is the latest evidence that regulators are increasingly focussing on the harmful impact of Meta’s platforms — and other social media — on young users, including by encouraging addictive behavior. The European Commission, the EU’s executive arm, will consider whether Meta (META) has complied with its obligations under the Digital Services Act (DSA), the bloc’s sweeping new law for online platforms. The legislation requires online platforms to put in place measures to protect children, including by preventing them from accessing inappropriate content and ensuring a high level of privacy and safety. The European Commission is concerned that Facebook’s and Instagram’s online interfaces “may exploit the weaknesses and inexperience of minors and cause addictive behavior,” it said in a statement Thursday.
Persons: Meta, Thierry Breton, ” Meta Organizations: London CNN, Facebook, European Commission, Digital Services, European, Meta, CNN, New Locations: New Mexico, Gaza
It also instructs multiple Senate committees to come up with guardrails for AI to address some of its biggest risks, such as AI-enabled discrimination, job displacement and election interference. “Harnessing the potential of AI demands an all-hands-on-deck approach and that’s exactly what our bipartisan AI working group has been leading,” Schumer said Wednesday. “This roadmap represents the most comprehensive and impactful bipartisan recommendations on artificial intelligence ever issued by the legislative branch,” Young said Wednesday. Schumer has described regulating artificial intelligence as a challenge for Congress unlike any other, vowing a swift timeline measured in months, not years. But policy analysts, and some congressional aides, doubt whether Congress can pass significant legislation regulating AI in an election year.
Persons: Chuck Schumer, Schumer, ” Schumer, New Mexico Democratic Sen, Martin Heinrich, Republican Sens, Mike Rounds, Todd Young, ” Young, Organizations: CNN, European Union, National Security, Artificial Intelligence, New, New Mexico Democratic, Republican, South, Todd Young of Indiana, EU Locations: New York, New Mexico, South Dakota
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'We are losing competitiveness' in the EU, former Italian Prime Minister Letta saysEnrico Letta, author of "Much More Than A Market" and former Italian prime minister, discusses the European economy.
Persons: Letta, Enrico Letta Organizations: EU Locations: Italian
Prime Minister of Slovakia Robert Fico attends a press conference during a Special European Council Meeting on April 18, 2024 in Brussels, Belgium. Slovakia's populist Prime Minister Robert Fico on Wednesday was shot multiple times in an assassination attempt that has sent shockwaves across the continent. The 59-year-old has been transported by helicopter to hospital in the central Slovakian city of Banska Bystrica to receive treatment. A post on Fico's official Facebook page said the prime minister was "shot multiple times and is in a life-threatening state" after an "attempted assassination." Slovakian President Zuzana Čaputová "strongly" condemned the "brutal and ruthless attack" in a Google-translated Facebook post, without supplying further details of the nature of the attack.
Persons: Slovakia Robert Fico, Robert Fico, Fico, Zuzana Čaputová Organizations: NBC, Reuters, CNBC Locations: Slovakia, Brussels, Belgium, Slovakian, Banska Bystrica, Bratislava, Handlova
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU's Gentiloni says outlook for European inflation and purchasing power is 'very good'Paolo Gentiloni, the European Union's commissioner for economy, discusses the path of inflation in the bloc, trade with China, and 'weak' progress toward a Capital Markets Union.
Persons: Paolo Gentiloni Organizations: Capital Markets Union Locations: China
Israeli Prime Minister Benjamin Netanyahu acknowledged tensions with historical ally the U.S. over the military offensive in Rafah in the Gaza Strip, but stood firm that the operation is required to protect Israeli security. But we have to do what we have to do," Netanyahu said Wednesday, in an interview with CNBC's Sara Eisen. Over 1,200 people have been killed in Israel since October, according to Israel's prime minister's office. Meanwhile, more than 35,000 people have been killed in the Gaza Strip, according to the Palestinian health ministry's latest official count. Earlier this week, U.S. Secretary of State Antony Blinken stressed that Washington could not endorse a Rafah military incursion in the absence of a "credible" plan to safeguard civilians.
Persons: Benjamin Netanyahu, Netanyahu, CNBC's Sara Eisen, Israel, Antony Blinken, Josep Borrell Organizations: Palestinian, Hamas, NBC's, U.S . State Department Locations: U.S, Rafah, Gaza, Israel, United States, Washington, Hamas, Kerem Shalom
The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and other goods, the bloc's economic chief said Wednesday. "But this is not bringing us to a theory of decoupling of global trade, which would be a disaster for both parts of the decoupling," he said. "The characteristic of the EU economy is to be more open, more influenced by trade, and less by only internal consumption. This is the reason, the economic reason, why it is in the interest of the European Union to keep the doors of trade open." Meanwhile, several EU nations are nervous about potential Chinese retaliatory trade measures hitting important domestic industries, from German automotives to French cognac.
Persons: Paolo Gentiloni, CNBC's Silvia Amaro, Gentiloni Organizations: European, European Union, CNBC Locations: European Union, Europe, China, EVs, U.S, Russia, Ukraine
It’s a very different matter in Europe — by far the biggest export market for Chinese EV manufacturers. EU tariffs could backfireAccording to Citi, the EU accounted for 36% of Chinese EV exports last year, more than the next five largest markets combined. By contrast, the United States currently receives just 1.1% of China’s EV exports. For BYD, China’s biggest EV maker, the tariffs would likely have to be even higher to be effective, they add. “I’d say we are entering a very tense period in terms of trade interactions and trade defense,” she added.
Persons: Joe Biden, “ I’m, ” Biden, Joseph Webster, Agatha Kratz, Kratz, That’s, Oliver Zipse, , Tu Le, , Josh Lipsky, Juliana Liu Organizations: London CNN, United, EV, European Union, Atlantic Council, EU, CNN, Citi, Capital Economics, BMW Locations: China, America, Europe, United States, It’s, Brussels, “ Brussels, Beijing, subsidization, EU, States, Italy, Hong Kong
This week, Xi is welcoming him to China for a two-day state visit — their fourth in-person meeting since Russia’s onslaught in Ukraine began. China has repeatedly defended its trade with Russia as part of normal bilateral relations. Russia has also become China’s main oil supplier, overtaking Saudi Arabia, according to official Chinese trade data. Governments warn against support for Russia’s war effortThe wartime surge in trade, and growing purchases of oil, have sparked criticism in the West that China was helping to fund Russia’s war. It mirrors Xi’s state visit to Russia in March 2023, which was the Chinese leader’s first overseas trip after starting a norm-shattering third term as president.
Persons: Vladimir Putin’s, Xi, Putin, Antony Blinken, Emmanuel Macron, Ursula von der Leyen, Von der, , Volodymyr Zelensky, Joe Biden, Biden Organizations: Hong Kong CNN, United, European Union, International Monetary Fund, , EU, White, European Commission Locations: China, Hong Kong, Russia, Ukraine, Russian, United States, Saudi Arabia, India, West, Beijing, France, Chinese
Georgian President Salome Zurabishvili delivers a speech during an gathering celebrating Europe Day outside her residence in Tbilisi on May 9, 2024. (Photo by Vano SHLAMOV / AFP) (Photo by VANO SHLAMOV/AFP via Getty Images)Georgian President Salome Zourabichvili on Wednesday held talks with European ministers to urgently discuss "how to save" the country, shortly after lawmakers adopted a deeply divisive Russia-style foreign influence bill. The U.S., European Union, NATO and the United Nations have all issued statements expressing concern about Georgia's new legislation, which opposition lawmakers have denounced as the "Russian law." Georgian lawmakers on Tuesday approved the legislation, with 84 members of the country's 150-member law-making body voting in favor. "On the agenda today is the following issue: how to save Georgia," Zourabichvili said, according to a translation.
Persons: Salome Zurabishvili, Vano SHLAMOV, VANO SHLAMOV, Salome Zourabichvili, Zourabichvili Organizations: Getty Images, Wednesday, Union, NATO, United Nations, EU Locations: Europe, Tbilisi, AFP, Russia, U.S, Lithuania, Latvia, Estonia, Iceland, Georgia
Less than a week after two public sculptures featuring a livestream between Dublin, Ireland, and New York City debuted, “inappropriate behavior” in real-time interactions between people in the two cities has prompted a temporary shutdown. The creators of the sculptures are now “investigating possible technical solutions to inappropriate behaviour by a small minority of people in front of the Portal,” according to a statement from the Dublin City Council. “Dublin City Council had hoped to have a solution in place today, but unfortunately the preferred solution, which would have involved blurring, was not satisfactory,” the City Council said late Tuesday. The Dublin-New York city pairing isn’t the first real-time bridge between cities through these sculptures. The first Portals, according to the organization’s website, linked Vilnius, Lithuania, with Lublin, Poland, in 2021.
Persons: Niall Carson, , Benediktas Gylys, Daithí, de Róiste, , De Róiste Organizations: CNN, New York City, Dublin City Council, City Council, Dublin, AP Organizers, Flatiron NoMad Partnership, Flatiron, Public, Broadway, Fifth, Dublin’s, Mayor, Róiste’s, Smart Locations: Dublin, Ireland, New, New York, , York, Poland, Brazil, Lithuania, City, Vilnius, Lublin
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Mark Gitenstein, U.S. ambassador to the EUMark Gitenstein, U.S. ambassador to the EU, talks to CNBC's Silvia Amaro about tariffs on Chinese imports, Europe-U.S. relations and the ongoing war between Russia and Ukraine.
Persons: Mark Gitenstein, CNBC's Silvia Amaro Locations: U.S, Europe, Russia, Ukraine
Tbilisi, Georgia CNN —Georgia’s parliament has passed a controversial “foreign agents” bill despite widespread domestic opposition and warnings from the European Union that its enactment would imperil the country’s chances of joining the bloc. Many Georgians fear their foreign agents bill will be used the same way in their country. Georgia’s parliament now has 10 days to send the bill to President Salome Zourabichvili, who has already vowed to veto it. However, EU leaders have made it clear that the foreign agents bill’s passage would jeopardize Georgia’s chances of accession. Georgian law enforcement officers detain a demonstrator near the parliament in Tbilisi on May 14.
Persons: Georgia CNN —, Salome Zourabichvili, Zourabichvili, Giorgi Arjevanidze, Bidzina Ivanishvili, they’ve, Putin, ” Zourabichvili, Shakh, Levan Khabeishvili, , ” Khabeishvili, ” Dmitry Peskov, Vladimir Putin’s, Irakli, CNN’s Christian Edwards, Anna Chernova, Vasco Cotovio Organizations: Georgia CNN, European Union, EU, United, Getty, Soviet Union, Georgian, CNN, European Locations: Tbilisi, Georgia, Russia, Ukraine, Europe, Soviet, United States, Caucasus, Turkey, Armenia, Azerbaijan, AFP, Russian, Moscow
Mark Gitenstein, the U.S. ambassador to the EU, said China is deliberately distorting markets with a glut of cheap goods. Speaking to CNBC's Silvia Amaro on Tuesday, Gitenstein said China was "engaged in a deliberate effort to undermine economic sectors in both Europe and the United States." The Chinese Embassy in London did not immediately respond to a request for comment when contacted by CNBC. It comes amid growing concerns over a raft of cheap Chinese "green" goods — such as EVs, batteries and solar panels — flooding international markets. White House officials have already warned Beijing to amend certain trade practices that it argues have weakened global supply chains.
Persons: Mark Gitenstein, CNBC's Silvia Amaro, Gitenstein, Biden, Ursula von der Leyen, Charles Michel, — CNBC's Rebecca Picciotto Organizations: Embassy, CNBC, White, European Commission, European Locations: U.S, China, Europe, United States, London, Beijing, People's Republic of China, PRC
Apple desperately needs its Next Big Thing
  + stars: | 2024-05-14 | by ( Paris Marx | ) www.businessinsider.com   time to read: +10 min
But after a decade of doing that, iPhone sales are slowing, revenue is down, and the company, again, needs to find its next big thing. Apple's own outlook suggests poor iPhone sales will persist, especially as sales in China rapidly decline. The drawbacks of Cook's divestment from product design and development are now becoming clearer. Both the EU and the US cases would also make some people more likely to switch to a cheaper phone, which would threaten iPhone sales even further. The drawbacks of Cook's divestment from product design and development are now becoming clearer.
Persons: Steve Jobs, Jobs, Apple, Tim Cook, Cook, haven't, Steve, Tripp Mickle, Jony Ive, we've, wouldn't, Let's, aren't, Peter Kafka Organizations: Apple, Apple Watch, IBM, Google, EU, Bloomberg, Nasdaq, Business Locations: China, Asia, India, Indonesia
New York CNN —Planning a summer vacation in Europe usually requires an exorbitant amount of cash, but when Taylor Swift is involved, it actually might be a deal. For example, secondary market ticket prices for Swift’s show in Stockholm, Sweden, this Saturday are as cheap as $300 for standing room-only and seats in the nosebleed sections. Compare that to Swift’s show in Miami in October where seats are selling for about $2,000 to as much as $8,500 on StubHub. Julien De Rosa/AFP/Getty ImagesAlthough Europe’s laws on ticket resale vary country by country, a number of them, including Ireland and Portugal, ban ticket sellers from making a profit on the secondary market. For Swifties looking to jump over the pond for their London Boy, Shemtob recommends using ticket sellers such as Ticketmaster, AEG, Eventim or Twickets.
Persons: Taylor Swift, Swift, Sam Shemtob, Julien De Rosa, reselling, Shemtob, it’s, Organizations: New, New York CNN, Union, Alliance, CNN, Friends Arena, Swedish men’s national football team, Sweden isn’t, Getty, EU, Digital Services, European Court, Justice, , London, Ticketmaster, AEG Locations: New York, Europe, Stockholm, Sweden, Swedish, Miami, New Orleans, Indianapolis, Portugal, Spain, Germany, Paris, AFP, Ireland, France, EU
Pyongyang – which has an economy almost entirely dependent of China – is believed by Western governments to be aiding Russia with war supplies. Xi has ramped up his calls for Europe and other countries to help the world avoid a “Cold War,” suggesting they resist what Beijing sees as US efforts to contain China. They have also criticized Israel and the United States – converging with mounting global backlash, especially across the Global South against Israel’s war. The conflict has also impacted how China and Russia view their relations with countries there, he added. China “wants to use Russia” for its aims, but Russia is making China weak, he said.
Persons: Xi Jinping, Vladimir Putin, Putin, , It’s, China –, Xi, France –, Jens Stoltenberg, Sergei Guneyev, , Li Mingjiang, Manoj Kewalramani, Russia doesn’t, Stringer, Gaza —, Sergey Lavrov, presser, Wang Yi, Israel, , Privately, Shen Dingli, China “, Alexander Dugin, Donald Trump, Li Organizations: Hong Kong CNN, West, NATO, Forum, Singapore’s Nanyang Technological University, EU, Takshashila, Boys, Getty, United, Global, Shanghai Cooperation Organization, Russia, Weibo, Moscow, CNN Locations: Hong Kong, China, Russian, Gaza, Ukraine, Moscow, Washington, Iran, North Korea, Pyongyang, Russia, Tehran, Beijing, Europe, France, Serbia, Hungary, Bangalore, Rafah, AFP, Israel, United States, Kewalramani, South, Taiwan, Shanghai, Singapore
GHAZIABAD INDIA - APRIL 06: Prime Minister Narendra Modi greets supporters at a roadshow on April 06, 2024 in Ghaziabad, Uttar Pradesh, India. India's 2024 general election is set to be the world's largest democratic exercise, with over 969 million registered voters, more than the combined population of the EU, US, and Russia. (Photo by Elke Scholiers/Getty Images)India voted on Monday in the fourth phase of a seven-week long general election, as campaign rhetoric became more strident over economic disparities and religious divisions. "I appeal to all to vote for a decisive government," said Amit Shah, Modi's powerful aide and the country's interior affairs minister, as voting began. The lower turnout has raised doubts over whether BJP and its allies can win the landslide predicted by opinion polls.
Persons: Narendra Modi, Elke Scholiers, Amit Shah Organizations: EU, Bharatiya Janata Party, BJP Locations: GHAZIABAD INDIA, Ghaziabad, Uttar Pradesh, India, Russia, Telangana, Andhra Pradesh
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