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HONG KONG — Pandas An An and Ke Ke, a gift from Beijing to Hong Kong, arrived in the Chinese territory on Thursday to much fanfare, two days after Finland said it would return its own pair over mounting debts. Hong Kong officials welcomed the giant pandas at the city’s international airport with a red carpet on the tarmac and panda toys. The Sichuan-born male and female will increase the total number of pandas to six, the highest ever in the financial hub. Hong Kong leader John Lee said the pandas would soon receive new names through a public contest organized by the government. An An and Ke Ke’s arrival comes just after resident giant panda Ying Ying gave birth to twin cubs ahead of her 19th birthday.
Persons: Ke Ke, John Lee, Ying Ying, Xi Jinping, Jin Baobao, Roni Rekomaa, Ahtari, Risto Sivonen, Sivonen, ” Sivonen Organizations: HONG KONG —, Workers, Reuters, Nordic, Getty, Ahtari Zoo, Embassy Locations: HONG KONG, Beijing, Hong Kong, Finland, Sichuan, Guangdong Province, An, China, People’s Republic of China, Ahtari, AFP, Helsinki
Dubai’s millionaires are fueling a private jet boom
  + stars: | 2024-09-26 | by ( Lucy Cormack | ) edition.cnn.com   time to read: +9 min
Dubai, UAE CNN —It’s 3am at the VIP airport terminal of Dubai’s Mohammed Bin Rashid Aerospace Hub and an ultra-long range aircraft is readying for take-off. The luxury, 14-seat private jet is headed for Europe, just as soon as its main passenger and his entourage arrive. It’s an elite club that enjoys private jet travel, which can cost anywhere from $50,000 to $200,000-plus for a single leg. Mouallem said the private aviation industry was accustomed to “different kinds of shifts across the world with banning private aviation,” insisting that the focus should be not on banning flights but ensuring greater adoption of sustainable aviation fuel (SAF). So that’s really an operator decision and a supplier decision,” Avetkiyan said, adding that her customers shouldn’t feel guilty about the environmental impact of private aviation.
Persons: UAE CNN —, Mohammed Bin Rashid, it’s, , Lilit Avetikyan, Lilit, Voyex, Vanessa Budah, , Knight Frank, they’ve, Faisal Durrani, Knight Frank Middle, Durrani, Youssef Mouallem, “ You’ve, ” Mouallem, they’re, you’re, ” Youssef Mouallem, Vistajet Mouallem, Mouallem, Avetkiyan, that’s, ” Avetkiyan, “ I’m Organizations: CNN, UAE CNN, Hub, McDonald’s, KFC, United Arab Emirates, Communications, Henley, Partners, US, Knight, Resorts, Resorts Tech, Resorts Dubai, Creative, International, Sharjah —, Gama Aviation, Sharjah International, European Federation for Transport, Sustainable, Emirates, Airbus, SAF, International Air Transport Association, Emirates SAF Locations: Dubai, UAE, Europe, Voyex, India, East, Russia, Africa, Gulf, Saudi Arabia, Sharjah, Netherlands
NEW YORK — President Joe Biden met with Vietnamese President To Lam for talks on Wednesday, aiming to deepen relations with the Southeast Asian country and manufacturing hub and counter its ties with China and Russia. Biden and Lam, the ruling Communist Party chief making his first visit to the U.S. as president, met on the sidelines of the United Nations General Assembly in New York. On meeting Biden on Wednesday, Lam hailed what he called Biden’s historic contribution to elevating bilateral relations. The Vietnam News Agency reported Lam told Biden that Vietnam was on the brink of a new era of development, and that it was a friend and reliable partner. “Vietnam will continue to firmly implement its foreign policy of independence, self-reliance, multilateralism and diversification,” Lam told Biden, the state media agency reported.
Persons: Joe Biden, Lam, Biden, ” Lam, Michelle Steel, , , Alexander Vuving, Vladimir Putin, Murray Hiebert Organizations: YORK, Communist Party, United Nations General Assembly, U.S, cybersecurity, Vietnam News Agency, Meta, U.S . Rep, California Republican, Lam’s, NME, Hanoi, Inouye, Pacific Center for Security Studies, General, Washington, Southeast Asia, Washington’s Center, Strategic, International Studies Locations: China, Russia, New York, Vietnam, Hanoi, California, , United States, Hawaii, Inouye Asia, U.S, Asia, Cuba
Netflix is producing a docuseries from Curtis “50 Cent” Jackson about charges of sex trafficking and racketeering as well as sexual assault and violent abuse allegations against Sean “Diddy” Combs. It is a complex narrative spanning decades, not just the headlines or clips seen so far,” 50 Cent and Stapleton said in an exclusive statement to Variety. While the allegations are disturbing, we urge all to remember that Sean Combs’ story is not the full story of hip-hop and its culture. At the time, 50 Cent shared a clip on X that showed Bad Boy Records rapper Mark Curry alleging that Combs would spike bottles of champagne at his parties before women drank from them. Proceeds from the documentary, the rapper-producer said, will be used to support sexual assault victims.
Persons: Curtis “, Jackson, Sean “ Diddy ” Combs, Alexandria Stapleton, Stapleton, Sean Combs, Cent, Combs, Cassie Ventura, Mark Curry, Rodney “, Rod ” Jones, Jones, Grace O’Marcaigh, Christian, King ” Combs, Crystal McKinney, Kane, Dawn Richard, Cassie, ” Combs, , Organizations: Netflix, Stapleton, Texas Crew, Bad Boy Records, CNN, , Homeland Security, Hollywood Locations: New York, Los Angeles, Miami
It is building 43 new hotel units and 18 residential homes over 40 acres — all with a 3D printer. It is the world’s first 3D-printed hotel, says El Cosmico owner Liz Lambert and the partners behind the project — Austin, Texas-based 3D printing company ICON and architects Bjarke Ingels Group. The “ink” of this 3D printer is a special cement-based material called Lavacrete, a proprietary mixture designed for strength, affordable scale, and printability. In the long term, 3D-printed construction could displace some skilled laboring jobs, said Milad Bazli, a science and technology lecturer at Charles Darwin University in Australia. The hotel units will range between $200 and $450 per night.
Persons: El Cosmico, Liz Lambert, Bjarke, Lambert, ” Lambert, “ I’ve, It’s, ICON’s Vulcan, Jason Ballard, ” Ballard, Milad Bazli, , ” Bazli Organizations: Bjarke Ingels, Charles Darwin University Locations: MARFA, Texas, El, Marfa, Austin , Texas, Austin, Australia
The dispute involves land, known as Hickory Ground, that was home to the Muscogee Nation before removal to Oklahoma on the Trail of Tears. The Muscogee Nation is appealing a federal judge’s decision to dismiss their lawsuit over the casino construction. “Hickory Ground is sacred,” Mary Kathryn Nagle, an attorney representing the Muscogee Nation told the three-judge panel. The Poarch Band, which maintains their work preserved much of Hickory Ground, depicted the case as an attack on their sovereignty. Members of the Muscogee Nation marched to the Atlanta courthouse ahead of the arguments.
Persons: ” Mary Kathryn Nagle, Mark Reeves, ” Reeves, Bill Pryor, Nagle, Robert J, Luck, David Hill Organizations: Alabama’s Poarch, Alabama, Muscogee Nation, Protection, Poarch, Chief Locations: ATLANTA, Alabama, Muscogee, Oklahoma, Hickory, Atlanta, United States
• A diplomatic push is underway to prevent a regional war from erupting in the Middle East, with the US and its allies calling for a 21-day ceasefire across the Israel-Lebanon border as the UN chief urged all sides to “step back from the brink.”• The calls for calm come after Israel’s military said it was preparing for a possible ground incursion into Lebanon. It also said it was calling up two reserve brigades “for operational missions in the northern sector.”• As the conflict escalates, Israel and Hezbollah are trading waves of strikes, forcing tens of thousands in Lebanon to flee their homes. More than 90,000 people are newly displaced in Lebanon, the UN said. • While Israel and Hezbollah have refrained from declaring that they are at war with each other, their ramped-up conflict goals may make that moot.
Persons: Organizations: UN Locations: Israel, Lebanon
Israel and Hezbollah, which is based in Lebanon and backs fellow Iranian proxy group Hamas in its ongoing war with Israel, have been engaged in cross-border attacks since Hamas’s Oct. 7 terrorist attack on Israel, in which about 1,200 people were killed. The violence further intensified in recent days with the deadly explosions of pagers and walkie-talkies across Lebanon for which Hezbollah blamed Israel, followed by a wave of airstrikes by Israeli forces. The situation between Israel and Lebanon “is intolerable and presents an unacceptable risk of a broader regional escalation. This is in nobody’s interest, neither of the people of Israel nor of the people of Lebanon,” the countries said in a joint statement. It is unclear how Israel and Hezbollah will respond.
Persons: , Organizations: European, European Union, United Arab Emirates, Biden Locations: United States, European Union, Israel, Lebanon, , U.S, Australia, Canada, France, Germany, Italy, Japan, Saudi Arabia, United Kingdom, Qatar, Gaza
New York Mayor Eric Adams is expected to face federal charges by prosecutors out of the Southern District of New York as soon as Thursday, two sources familiar with the matter said Wednesday night. Before news of federal charges broke Wednesday, Adams was at a reception at the Metropolitan Museum of Art, which President Joe Biden also attended. “I do not see how Mayor Adams can continue governing New York City,” Ocasio-Cortez said on X. "However, it is clear that defending himself against serious federal charges will require a significant amount of the time and attention needed to govern this great city. The most appropriate path forward is for him to step down so that New York City can get the full focus its leadership demands."
Persons: Eric Adams, Adams, , , Adams ’, Daniel Nigro, Nigro, Edward Caban, James Caban, Joe Biden, Douglas Muzzio, ” Muzzio, Alexandria Ocasio, ” Ocasio, Cortez, Brad Lander, Mayor Adams, Lander, ” Adams Organizations: York, Southern, of, FBI, NYPD, Turkish Consulate, Democratic, Fire, NBC News, Federal, Adams . Police, Authorities, Queens, Metropolitan Museum of Art, Baruch College, New Locations: of New York, New, Brooklyn, Turkish, Adams, Manhattan, New York, Alexandria, Cortez, New York City
Senate Foreign Relations Committee Chairman Ben Cardin was targeted by a caller who posed as a former top Ukrainian official during a recent Zoom call, according to a notice circulated to Senate offices and obtained by NBC News on Wednesday. According to the notice, the caller's questioning was "likely trying to bate the Senator into commenting on a political candidate." Cardin and his staff ended the call, the notice said, adding that Cardin's office contacted the State Department, which confirmed the caller was not Kuleba. Cardin referred to the caller as a "malign actor" in a statement about the incident his office released Wednesday night. NBC News reported this month that the Justice Department plans to file criminal charges in connection with the hacking of Trump’s campaign, according to two law enforcement officials.
Persons: Ben Cardin, Dmytro Kuleba, Punchbowl, Cardin, , bate, , ” Cardin, Donald Trump's, Joe Biden's Organizations: Foreign Relations, Ukrainian, NBC News, Ukrainian Foreign, State Department, The State Department, Capitol Police, FBI, Justice Department Locations: Iran
Caitlin Clark’s historic rookie season ended Wednesday as the Indiana Fever lost 87-81 to the Connecticut Sun, losing their first-round playoff series 0-2. Her 337 assists in the regular season were not only a rookie record, but also the WNBA record for assists in a season. She became the first rookie to record a triple-double, and she set the record for most 3s by a rookie in a single season, as well. On July 17, Clark recorded 19 assists in a loss to the Dallas Wings, a single-game WNBA record. After her final collegiate game in April, Clark’s professional career began the next month in May.
Persons: Caitlin Clark’s, Clark, Alyssa Thomas, DeWanna Bonner, Michael Mulvihill Organizations: Indiana Fever, Connecticut Sun, Sun, Connecticut, Minnesota Lynx, Phoenix Mercury, Dallas Wings, Fever, Indiana, Associated Press, Fox, Iowa Hawkeyes Locations: Connecticut
Florida ranks sixth among states with the largest shares of homeowners who don't have meaningful insurance. Putnam County, in the northern part of the state, is at 32.9%, while in Miami-Dade County, nearly 25% lack homeowners insurance that would protect them from calamity. In Miami-Dade County, 33.5% of homeowners pay $4,000-plus a year, ranking it in the top 10 among the country's most populous counties. Curtis, who has lived in Taylor County for 40 years and is a former forester, said many of her neighbors can't afford to pay for insurance. Her insurance doesn't cover hurricane damage, so McDonald will anxiously await news from home until the storm passes, she said.
Persons: Michelle Curtis, Hurricane Helene, Curtis, Helene, Debbie McDonald, Hurricane Idalia, she's, McDonald Organizations: Southeastern, Atmospheric Administration, Miami, Dade, Census, Cedar Locations: Florida, Perry, Hurricane, Taylor County, Florida’s Big Bend, Southeastern U.S, Putnam County, Miami, Dade County, U.S, Cedar, Gainesville, Jacksonville
Harris is scheduled to visit a border town in Arizona on Friday, her campaign announced Wednesday. Trump has made the border and immigration a centerpiece of his pitch for the presidency, making multiple visits to the southern border during the campaign. Friday's visit to Douglas, Arizona, will be Harris' second trip to the southern border during her term as vice president. NBC News reported in August that shelters on the southern border and in some major cities experienced sharp declines in migrants seeking shelter over the past several months. Border Patrol agents in June apprehended the lowest monthly number of migrants crossing the southern border since President Joe Biden took office.
Persons: WASHINGTON, Kamala Harris, Donald Trump, Harris, Trump, bashes, Biden, don’t, MSNBC's Stephanie Ruhle, Hannibal Lecter, baselessly, Joe Biden Organizations: Capitol, Harris, Trump, NBC, NBC News, Border Patrol Locations: Arizona, Springfield , Ohio, Douglas , Arizona, El Paso , Texas
U.S. District Judge Edward Chen in San Francisco on Tuesday sided with several advocacy groups, finding the current practice of adding fluoride to drinking water supplies to fight cavities presented unreasonable risks for children’s developing brains. But the judge stressed he was not concluding with certainty that fluoridated water endangered public health. The agency had denied their so-called citizen’s petition asking it to consider banning fluoridation chemicals from public drinking water. More than 200 million Americans, or about 75% of the population, currently have fluoride added to their drinking water at recommended levels of 0.7 milligrams of fluoride per liter of water. The U.S. practice differs from Europe, where fluoridated drinking water is rare.
Persons: Edward Chen, Chen, , Barack Obama, ” Michael Connett Organizations: . Environmental Protection Agency, U.S, District, Toxic, Democratic, Water Watch, EPA Locations: California, San Francisco, U.S, Europe
The six-part "Mr. McMahon" features interviews from McMahon and touches on controversies that have plagued his decades-long career. "I think she’s fearful, but that is her general state of mind," said Ann Callis, who is Grant's attorney. Vince McMahon announces Dwayne "The Rock" Johnson has joined the Board of Directors for TKO at the New York Stock Exchange, in New York City, on Jan. 23. "If I could sum it up generally, it is a culture of corruption," Callis said. "Once you’re accused of rape, you’re a rapist," McMahon says in the docuseries.
Persons: Wrestling Entertainment's Vince McMahon, Mr, McMahon, Janel Grant, Ann Callis, She’s, she’s, Vince McMahon, Dwayne, Johnson, Michelle Farsi, Callis, Grant, she's, Janel, , John Laurinaitis, We’ve, Hulk Hogan, John Cena, Rita Chatterton, you’re Organizations: Wrestling, Netflix, WWE, New York Stock Exchange, Southern, of, NBC News Locations: New York City, of New York
He recalled how during the 2006 war between Israel and Hezbollah, there was a sense of hope because several countries were actively mediating. It was formed in 1982, after Israel invaded Lebanon, with the initial aim of ending Israel’s occupation of southern Lebanon, which it achieved in 2000. Hezbollah has fired rockets, missiles, and drones into northern Israel; and Israel has responded with increasingly heavy airstrikes. Israel has vowed to do whatever it takes to safely return its citizens to their homes in the north. Hezbollah has also said that it does not seek war but that it will continue striking Israel until there is a cease-fire in Gaza.
Persons: Elias Faouz, , Faouz, ” Faouz, “ It’s, , Sandra Moukhtar, Moukhtar, Sarah Waizani, ” Waizani, Organizations: U.S, Lebanon’s Health, AFP, Getty, World Bank, Organization for Migration Locations: Lebanon, United States, Israel, Beirut, Gaza, Maarakeh, Iran, Hezbollah, U.S, United Kingdom, Tehran, Baalbeck, Bekaa, Mount Lebanon, Moukhtar, Syria, Dahiye
Emerging Europe still feeling Ukraine war impact, says economist
  + stars: | 2024-09-26 | 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 EmailEmerging Europe still feeling Ukraine war impact, says economistBeata Javorcik, chief economist at the European Bank for Reconstruction and Development, says emerging countries are still feeling the impact of high borrowing costs and energy prices, despite progress on inflation.
Persons: Beata Javorcik Organizations: European Bank for Reconstruction Locations: Ukraine
Appaloosa Management's David Tepper said investors should believe the Federal Reserve when it says it will lower interest rates because the central bank has now to keep credibility. "Probably two or three interest rates, 25 basis point cuts, they have to do, or they lose credibility," Tepper said. You know, another 25, 25, 25 seems like it's going to have to be done." The super-sized rate cut last week came despite most economic indicators looking fairly solid. "It was around the 90s in that market where the where the Fed cut rates into Y2K in a good economy," he said.
Persons: David Tepper, Tepper, " Powell, Jerome Powell, Rich, " Tepper Organizations: Federal Reserve, Gross, Atlanta Fed, U.S, National Football League's Carolina Panthers Locations: U.S, China
Liang told Business Insider he expects 90% of AI computing workloads will be in inference in the not-too-distant future. AdvertisementThat's why several startups are charging aggressively into the inference market — emphasizing where they might outperform the goliath in the space. Speed is an important factor when multiple AI models talk to each other and waiting for an answer can dampen the magic of generative AI. The number of tokens per second that can be consumed (when a prompt goes in) and generated (when a response comes out) is a common metric for AI computing speed. AdvertisementCerebras's AI chip is roughly size of a dinner plate.
Persons: , Rodrigo Liang, Colleen Kress, workloads, Liang, Andrew Feldman, Bernstein, Colette Kress, Kress, Nvidia's, SambaNova, Anthropic's Claude, Nvidia isn't, Jensen, Dylan Patel, Patel Organizations: Service, Business, SambaNova Systems, Nvidia, ARM, AMD, o1, BI Locations: Artificialanalysis.ai, TCO
David Tepper is growing even more bullish on Chinese stocks amid the nation's new fiscal stimulus measures. Tepper views China's stock market as more attractive than the US stock market due to valuation differences. AdvertisementIt's a buy "everything" moment for Chinese stocks after the country launched a fiscal stimulus bazooka this week, according to billionaire investor David Tepper. But Tepper believes Chinese stocks have plenty of room to run higher, even after the recent surges. On US markets, Tepper said he is not following his buy "everything" mantra with Chinese stocks and is being more selective in buying US stocks.
Persons: David Tepper, Tepper, , Pan Gongsheng, Donald Trump, he's Organizations: Service, CNBC, Fed, Federal, People's Bank of China, PDD Holdings, Tencent Holdings, Management, Wynn Resorts, Vegas Sands, Baidu, China Internet Locations: China, Vegas
Stocks in China rose in response, with the CSI 300 Index climbing 4.3% Tuesday, its best day since July 2020. But whether or not the latest policy steps succeed, CNBC Pro screened for China stocks that analysts praise regardless of the pace of economic growth at home. About three quarters of analysts covering PDD rate it a buy, and the stock could climb roughly 43% based on analysts' consensus price target. On Tuesday, after the announcement of the latest policies to revive the flagging China economy, PDD shares in the U.S. jumped more than 11%. Other names on the list of favored China stocks included online learning and tutoring provider TAL Education Group and digital shipping platform Full Truck Alliance .
Persons: Hong, Morgan Stanley, Terence Flynn, Flynn, CoreValues, Ben Harburg, CNBC's, Harburg, Biden Organizations: People's Bank of China, CSI, CNBC Pro, China ETF, Therapeutics, YE25, U.S, TAL Education Group, Alliance Locations: China, Ph3, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBillionaire investor David Tepper on China: Central bank comments 'exceeded expectations'David Tepper, Appaloosa Management founder and president and Carolina Panthers owner, joins 'Squawk Box' to discuss his thoughts on the U.S. markets, state of the economy, the Fed's interest rate decision, his bets on the Chinese market and where he's finding opportunities, why he sold 84% of his stake in Nvidia in the second quarter, 2024 election, and more.
Persons: David Tepper Organizations: Billionaire, Appaloosa Management, Carolina Panthers, Nvidia Locations: China, Central
Starbucks — The coffee chain rose more than 2% after Bernstein upgraded the stock to outperform from market perform. New York Community Bancorp — Shares of the regional lender gained more than 4% after Barclays upgraded shares to overweight as it repositions itself following a rocky patch. Micron Technology , chip stocks — Micron shares surged nearly 17% after offering a stronger-than-expected revenue forecast for the fiscal first quarter. Nvidia rose 2%, while U.S.-traded shares of ASML Holding added nearly 5%. Southwest Airlines — The travel stock rose about 5% after Southwest hiked its third-quarter revenue forecast.
Persons: Bernstein, Brian Niccol, Graham Doyle, Bilibili, Goldman Sachs, Jefferies, Elliott, Sonos, Morgan Stanley, Erik Woodring, , Alex Harring, Samantha Subin, Jesse Pound, Sarah Min Organizations: New York Community Bancorp, Barclays, Micron Technology, Micron, Nvidia, ASML, Bank of America, NRG Energy, GE Healthcare Technologies, UBS, Jefferies, Southwest Airlines, Southwest, Elliott Management Locations: U.S, China, Bilibili —, dealmaking
While HYSA rates are dropping, they're still far higher than many traditional savings account rates. With the Fed cutting rates for the first time in four years, many are anticipating a decrease in the interest rates on high-yield savings accounts — finding a high-yield savings account with a 5% interest rate is already getting harder. High-yield savings accounts are low-riskOne major reason to keep your money in a high-yield savings account is that it is a low-risk option. Interest rates still beat other savings accountsOne of the best reasons to keep your money in a high-yield savings account is the higher interest rate compared to traditional bank savings accounts. High-yield savings accounts are still ideal for your emergency fundHigh-yield savings accounts are an excellent choice for short-term (up to a year) and medium-term (one to five years) financial goals.
Persons: they're, Jovan Johnson Jovan Johnson, Jovan Organizations: Barclays Bank, Bank of America, CPA, Instagram Locations: Atlanta , Georgia
CNN —A New York appeals court is set to hear arguments Thursday in former President Donald Trump’s bid to have the $454 million civil fraud judgment against him dismissed. The appellate hearing is yet another legal development for Trump playing out the same time as his presidential campaign hits the homestretch. In addition to the civil fraud appeal, Trump’s lawyers have argued to dismiss the guilty verdict in the New York criminal case, the federal election interference case in Washington, DC, and the E. Jean Carroll defamation verdict – all in the past month. The judgment against Trump was for $354 million, with an additional $100 million in interest that had accrued when the judge’s ruling was issued in February. “The award of $464 million in a case with no victims, no proven injuries, and no losses is not remotely defensible,” Trump’s lawyers wrote.
Persons: Donald Trump’s, Jean Carroll, Arthur Engoron, Trump, Donald Trump Jr, Eric Trump, Engoron, , , Organizations: CNN, Trump, New Locations: York, New York, Washington ,
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