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☆ Israel-Hamas war live updates: UN warns fuel in Gaza will run out by tonight; Israel says Hamas is stockpiling existing supplies
▼ + stars: | 2023-10-25 | by ( Ruxandra Iordache Matt Clinch | Ruxandra Iordache | Matt Clinch | ) www.cnbc.com time to read: 1 min

Hospitals in Gaza have been warning that they would have to shut down if they don't receive more fuel. Other supplies, such as water, medicine and food, continue to run low. The Israel Defense Forces insist that fuel is present in Gaza but monopolized by Hama. "The grievances of the Palestinian people cannot justify the horrific attacks by Hamas. Those horrendous attacks cannot justify the collective punishment of the Palestinian people," he said on the X social media platform, previously known as Twitter.

Persons: Antonio Guterres Organizations: United Nations Relief, Works Agency for Palestine Refugees, Israel Defense Forces, Twitter Locations: Gaza, Hama, U.N

☆ European stocks open lower amid earnings; Deutsche Bank up 7% after beating estimates
▼ + stars: | 2023-10-25 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

European markets opened lower Wednesday amid a slew of earnings both in the U.S. and Europe. The Stoxx 600 index slipped 0.2% with sectors mixed, as mining stocks gained 0.67% and retail stocks fell 0.7%. Deutsche Bank shares were 7% higher in early trade. Banking stocks fell Tuesday as Barclays warned of cost-cutting charges. Meanwhile, Alphabet shares tumbled as its cloud business missed analysts' estimates.

Organizations: Deutsche Bank, Banking, Barclays, AkzoNobel, Lloyds Banking Group, Carrefour, U.S, Microsoft Locations: U.S, Europe, Heineken

☆ Israel-Hamas war live updates: China urges peace in calls with Israel; two hostages arrive in Tel Aviv after release
▼ + stars: | 2023-10-24 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

China has urged Israel to abide by international humanitarian law and to protect the safety of civilians in its war with the Hamas militant group. China Foreign Minister Wang Yi pushed for peace talks between Israelis and Palestinians in a call with his Israeli counterpart Eli Cohen. Meanwhile, Hamas released two elderly hostages late Monday, bringing the total to four. An Israeli military helicopter carrying Nurit Cooper, 79, and Yocheved Lifshitz, 85, arrived on the rooftop of Ichilov hospital, according to Reuters footage. Their transfer follows the release of two American hostages on Friday.

Persons: Wang Yi, Eli Cohen, Nurit Cooper, Yocheved Lifshitz Organizations: China Foreign Locations: China, Israel, Israeli

☆ Israel-Hamas war live updates: IDF spokesperson says full Hamas surrender could end war; WHO says more medical supplies reached Gaza
▼ + stars: | 2023-10-23 | by ( Ruxandra Iordache Matt Clinch | Ruxandra Iordache | Matt Clinch | ) www.cnbc.com time to read: +1 min

The first convoy of relief trucks begins to enter the Gaza Strip from the Egyptian side of the Rafah crossing, in Rafah, Gaza, on Oct. 21, 2023. A full surrender of the Palestinian group Hamas and the return of Israeli hostages could end Israel's war in the Gaza Strip, Israel Defense Forces spokesperson Jonathan Conricus told ABC Radio Melbourne. Meanwhile, additional medical supplies from the World Health Organization have entered the Gaza Strip, the organization's director-general said early Monday. On Saturday, the first 20-truck convoy carrying food, water and medicine entered the besieged Palestinian enclave for the first time since the start of the war. Cindy McCain, the director of the United Nations World Food Programme, said 40 more are expected today.

Persons: Jonathan Conricus, Cindy McCain Organizations: Hamas, Israel Defense Forces, ABC Radio Melbourne, World Health Organization, United Nations, Food Locations: Gaza, Rafah

☆ Photos show chaotic scenes of Hamas surprise attack on Israel
▼ + stars: | 2023-10-07 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

Palestinian Islamist group Hamas launched an unprecedented surprise attack on Israel on Saturday, the largest in decades. Gunman infiltrated areas of southern Israel from the Gaza Strip, with Israeli Prime Minister Benjamin Netanyahu declaring: "We are at war." Dozens of people have reportedly been killed with hostages taken back to the Gaza Strip. Tel Aviv and other Israeli cities have been hit by rocket attacks, while Israel has responded with air strikes.

Persons: Benjamin Netanyahu Organizations: Hamas, Israeli Locations: Israel, Gaza, Tel Aviv

☆ European Union launches anti-subsidy probe into Chinese EVs
▼ + stars: | 2023-09-13 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

China's automobile and component exports more than doubled in 2021 from a year ago, exceeding 30% growth in China's exports overall, Bernstein analysts found. The European Commission, the executive arm of the European Union, on Wednesday launched an investigation into subsidies given to electric vehicle makers in China, according to President Ursula von der Leyen. Speaking at her annual State of the Union address at the European Parliament in Strasbourg, she said the commission is launching an "anti-subsidy investigation into electric vehicles coming from China." Autos stocks in Europe were higher by 1.2% on Wednesday morning after the announcement, in a largely down day for most sectors. This is a breaking news story, please check back later for more.

Persons: Bernstein, Ursula von der Organizations: European Commission, European Union, Wednesday, of Locations: China, Strasbourg, Europe

☆ Britain signs deal to join £12 trillion Indo-Pacific trade bloc
▼ + stars: | 2023-07-16 | by ( Matt Clinch | ) www.cnbc.com time to read: +2 min

Secretary of State for International Trade and President of the Board of Trade, Minister for Women and Equalities Kemi Badenoch leaves 10 Downing Street. LONDON — Britain's Kemi Badenoch, the business and trade secretary, formally signed a treaty confirming accession to the vast Indo-Pacific CPTPP bloc, the country's largest post-Brexit trade deal to date. The U.K. would be the first European nation to join the bloc, which the government says would unlock trade to a region with a total GDP of £12 trillion ($15.7 trillion). Badenoch said Sunday that Britain was using its status as an independent trading nation to join an "exciting, growing, forward-looking trade bloc." One in every 100 workers in Britain was employed by a business headquartered in a CPTPP nation, according to the government citing 2019 data.

Persons: Badenoch, Kemi Organizations: State for International Trade, of Trade, Women, Equalities, CPTPP, Trans, Pacific Partnership Locations: Kemi Badenoch, New Zealand, Canada, Mexico, Japan, Australia, Vietnam, Singapore, Malaysia, Britain

LONDON — The BBC's Huw Edwards has been named by his wife as the TV anchor accused of paying a teenager more than £35,000 (around $45,430) in exchange for sexually explicit photos. After five crisis-ridden days for the British broadcaster, the wife of the previously unnamed TV anchor released a statement to the PA news agency. "In light of the recent reporting regarding the 'BBC Presenter' I am making this statement on behalf of my husband Huw Edwards, after what have been five extremely difficult days for our family," Vicky Flind said. She added that her husband Edwards had "suffered another serious episode and is now receiving in-patient hospital care." Edwards was suspended and was taken off air after the news broke last week.

Persons: Huw Edwards, Vicky Flind, Huw, Edwards, Flind, It's Organizations: Sun, BBC, CNBC Locations: British

☆ Blinken to meet China's Xi Jinping on Monday
▼ + stars: | 2023-06-19 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

US Secretary of State Antony Blinken walks after arriving in Beijing, China, June 18, 2023. U.S. Secretary of State Antony Blinken is to meet with Chinese President Xi Jinping on Monday, as the top U.S. diplomat wraps up his rare two-day visit to Beijing amid simmering U.S.-China tensions. Blinken will meet with Xi at 4:30 p.m. local time, according to a State Department official. Blinken met top Chinese diplomat Wang Yi on Monday, after "candid, substantive, and constructive talks" with Chinese Foreign Minister Qin Gang on Sunday. Wang stressed that the Blinken visit came at a critical juncture in Sino-U.S. relations, in a statement released by the Chinese foreign ministry translated via Google.

Persons: Antony Blinken, Xi Jinping, Blinken, Xi, Joe Biden, Wang Yi, Qin Gang, Wang Organizations: State Department, U.S, Foreign, Google, Beijing Locations: Beijing, China, U.S, Washington

US Secretary of State Antony Blinken (L) walks with China's Foreign Minister Qin Gang (R) ahead of a meeting at the Diaoyutai State Guesthouse in Beijing on June 18, 2023. U.S. Secretary of State Antony Blinken on Sunday met with Chinese Foreign Minister Qin Gang and top diplomat Wang Yi in Beijing on a high-stakes diplomatic mission to cool U.S.-China tensions that have overshadowed geopolitics in recent months. The trip by Blinken makes him the highest-level American official to visit China since Joe Biden became U.S. president and the first U.S. secretary of state to make the trip in nearly five years. Blinken's original travel plans for February were disrupted by news of an alleged Chinese spy balloon flying over U.S. airspace. Beijing considers Taiwan part of its territory, with no right to conduct diplomatic relations on its own.

Persons: Antony Blinken, Qin Gang, Wang Yi, Blinken, Joe Biden, Qin, previosuly, Xi Jinping, Matthew Miller, Nancy Pelosi Organizations: China's Foreign, Sunday, Foreign, U.S, U.S ., U.S . House Locations: Diaoyutai, Beijing, China, U.S, State, Singapore, Taiwan

☆ Biden and UK's Sunak sign 'Atlantic Declaration,' pledging agreements on A.I. and critical minerals
▼ + stars: | 2023-06-09 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

President Joe Biden and Prime Minister of the United Kingdom Rishi Sunak arrive for a joint press conference in the East Room of the White House on June 08, 2023 in Washington, DC. Despite a U.S.-U.K. trade deal remaining very much elusive, British Prime Minister Rishi Sunak and President Joe Biden signed a new "Atlantic Declaration" aiming to bolster economic security in the face of threats coming from Russia and China. The agreement, announced Thursday at a joint press conference in the East Room of the White House, is a series of mini deals looking artificial intelligence, critical minerals, clean energy and security. He highlighted £14 billion ($17.5 billion) of new U.S. investment that has been committed into the U.K., with the two sides also undertaking joint research in areas like quantum, semiconductors and AI. The same document said Biden would ask Congress to label Britain as a "domestic source" within the U.S. Defense Production Act, giving suppliers in the country more favorable terms.

Persons: Joe Biden, United Kingdom Rishi Sunak, Rishi Sunak, Biden Organizations: White House, British, White, U.S . Defense Locations: United Kingdom, Washington , DC, U.S, Russia, China, Britain, People's Republic of China

☆ European stocks rise to start the week as traders digest rate hikes; FTSE closed
▼ + stars: | 2023-05-08 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

LONDON – European indexes started the trading week on a stronger footing, with traders looking ahead to more corporate earnings, economic data and a Bank of England rate decision this week. The U.K.'s FTSE 100 will be closed Monday for a public holiday after the coronation of King Charles III. Market players have spent weeks juggling concerns over inflation and interest rates, with the Bank of England due for a rate-setting meeting on Thursday. Both the Federal Reserve and the European Central Bank hiked rates by a quarter of a percentage point last week, with many now expecting the former to start cutting rates at some point during the summer. Minutes from Japan's March monetary policy meeting showed board members were concerned over inflation accelerating at a higher-than-expected pace.

☆ U.S. Treasury yields edge lower after surging on April's jobs report
▼ + stars: | 2023-05-08 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

The 10-year Treasury fell 1 basis point to 3.4351%. One basis point equals 0.01%. U.S. Treasury yields slipped on Monday, retracing some gains made after the release of better-than-expected nonfarm payrolls data. The U.S. added 253,000 nonfarm payrolls in April, surpassing the 180,000 expected by Wall Street. Investor attention this week turns to April's consumer price index due out Wednesday, followed by the producer price index on Thursday.

☆ Ireland signals 'better mood' on UK-EU talks after bitter Brexit disputes
▼ + stars: | 2023-01-18 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

Protesters holding EU and Ireland flags, and a 'Keep the Protocol' placard stand outside Parliament. Ireland's finance minister spoke of the new optimism and constructiveness surrounding talks between the U.K. and the EU following months of bitter post-Brexit trade disputes. The U.K. may have left the EU on Jan, 31, 2020, but the Northern Ireland Protocol has caused persistent disagreement. This part of the Brexit deal mandates checks on some goods that travel to Northern Ireland from the rest of the U.K. — with the new negotiations aimed at easing these rules. Unionist parties in Northern Ireland have argued that the checks place an effective border in the Irish Sea.

DAVOS, Switzerland — Spanish Prime Minister Pedro Sanchez told CNBC Monday that the European Union has something to learn from Washington and its new policies to fight inflation, saying he hopes that a trade war between the two sides can be avoided. "We need to learn," Sanchez told CNBC when asked the Inflation Reduction Act which the U.S. hopes will make it the go-to place for green investment. "We need to reform some internal aspects of our industrial policies such as state aid, reducing bureaucracy and trying to send a message for the industry worldwide that's it's Europe, and of course Spain, that is a good place to locate," he added. The sweeping U.S. legislation, which was approved by U.S. lawmakers in August and includes a record $369 billion in spending on climate and energy policies, has received a mixed response from the 27 EU nations. The European Commission, the executive arm of the EU, has previously said there are "serious concerns" about the design of the financial incentives in the package.

☆ Ukraine war live updates: Fresh wave of Russian missiles rock capital Kyiv
▼ + stars: | 2022-12-16 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

A new wave of Russian missile attacks hit the capital Kyiv and the wider country on Friday morning. After air raid sirens sounded in several cities, Kyiv Mayor Vitali Klitschko later confirmed that explosions had been heard in at least two areas of the capital. The morning volley of rocket attacks came after the EU approved new sanctions against Russia on Thursday. There was also news that the U.S. was due to expand combat training for Ukrainian troops. The training will focus on the Grafenwoehr training area in Germany during the winter months, according to AP.

☆ Microsoft buys near 4% stake in London Stock Exchange and launches 10-year partnership
▼ + stars: | 2022-12-12 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Microsoft logo seen at their building in Redmond, Washington. LONDON — U.S. tech giant Microsoft on Monday announced a 10-year partnership with the London Stock Exchange Group and took a near 4% stake in the U.K. bourse operator. The partnership involves next-generation data and analytics, as well as cloud infrastructure solutions, according to a statement by the LSEG. It involves a new data infrastructure for the London exchange and analytics and modelling solutions with Microsoft Azure, AI, and Microsoft Teams. Microsoft will purchase an approximately 4% stake in the U.K. firm from the Blackstone/Thomson Reuters Consortium.

Johnson previously enjoyed high levels of popularity until losing credibility in the final months of his premiership. Gleb Garanich | ReutersLONDON — Former U.K. Prime Minister Boris Johnson will not take part in the contest to replace outgoing leader Liz Truss. Johnson is believed to still be popular in the grassroots of the wider Conservative Party despite many Tory MPs being firmly against a return. "There is a very good chance that I would be successful in the election with Conservative Party members — and that I could indeed be back in Downing Street on Friday. How the contest worksTruss' successor will once again be decided by a Conservative Party leadership contest drawn from a short-list of candidates.

☆ IMF welcomes UK's fast-tracked budget plan, urges government to work with Bank of England
▼ + stars: | 2022-10-12 | by ( Matt Clinch | ) www.cnbc.com time to read: +2 min

The tax cuts came as the Bank of England was looking to start selling bonds into the market, unwinding years of quantitative easing. The International Monetary Fund urged lawmakers and central bank policymakers to work in lockstep with each other to mitigate the effects of the slowing economic environment. Speaking more generally, however, he said it's very important that fiscal policy doesn't go in the opposite direction of monetary policy. So that was directly contradicting the objective of monetary policy," he said. His central message was that fiscal policy is hugely important but that it should be done in a way consistent with what central banks are trying to accomplish.

Giorgia Meloni, leader of the right-wing party Fratelli d'Italia (Brothers of Italy) holds a giant Italian national flag during a political rally on February 24, 2018 in Milan, Italy. Giorgia Meloni's Fratelli d'Italia (Brothers of Italy) party was created in 2012, but has its roots in Italy's 20th century neo-fascist movement that emerged after the death of fascist leader Benito Mussolini in 1945. After winning 4% of the vote in 2018's election, it has used its position in opposition to springboard into the mainstream. The Brothers of Italy party is expected to gain the largest share of the vote for a single party on Sunday. Fratelli d'Italia has been pro-NATO and pro-Ukraine and supports sanctions against Russia, unlike Lega which is ambivalent about those measures.

☆ Giorgia Meloni and her far-right Brothers of Italy party top vote in Italian elections, exit poll shows
▼ + stars: | 2022-09-25 | by ( Matt Clinch | ) www.cnbc.com time to read: +2 min

Giorgia Meloni's Fratelli d'Italia (Brothers of Italy) party are set to gain 22.5% to 26.5% of the vote, according to an exit poll late Sunday night. But the vote could mark a big political shift for a pivotal European country dealing with ongoing economic and political instability. Meloni's Brothers of Italy party was created in 2012, but has its roots in Italy's 20th century neo-fascist movement that emerged after the death of fascist leader Benito Mussolini in 1945. After winning 4% of the vote in 2018′s election, Brothers of Italy and 45-year-old Meloni used their position in opposition to springboard into the mainstream. The snap election on Sunday in the EU's third-largest economy comes six months before they were due to be held.

☆ Britain's sudden lurch to 'Reaganomics' gets a thumbs down from the markets
▼ + stars: | 2022-09-24 | by ( Matt Clinch | ) www.cnbc.com time to read: +1 min

Truss has now put the country on an economic road completely at odds with most, if not all, major global economies. Hannah Mckay | Reuterswatch nowU.K. bond markets went into a tailspin Friday as investors shunned the country's assets. And with bonds tanking, sterling was also sent into freefall after hitting 37-year lows against the dollar in recent weeks. Left-leaning The Guardian newspaper called it "a budget for the rich" on its front page Saturday, while The Times called it a "great tax gamble." The right-wing Daily Mail newspaper called it a "true Tory budget" while Kwarteng himself said it was a "very good day for the U.K.," declining to comment on the currency moves.

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