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CNN —Indonesia’s transport ministry will launch an investigation after two Batik Air pilots fell asleep during a recent flight, according to state news agency Antara, citing the ministry’s civil aviation director-general M Kristi Endah Murni. The flight, BTK6723, lasted two hours and 35 minutes, and successfully landed in Jakarta, according to Antara and the preliminary report. Around 90 minutes into the flight, the second-in-command then “inadvertently fell asleep,” according to the report. Around 28 minutes after the last recorded transmission, the pilot-in-command woke up and realized the plane was not in the correct flight path. The preliminary report detailed that the pilot-in-command told the ACC that the flight had experienced a “radio communication problem” that had been resolved.
Persons: Antara, Kristi Endah Murni, , ” Murni Organizations: CNN, National Transportation Safety, ACC, Air Locations: Kendari, Southeast Sulawesi, Jakarta, , Indonesia
A TV chef fried a fish on the endangered species list on an Austrian show. Both the chef and the broadcaster, ORF, have apologized for the incident. During the show, which went out last week, the chef whipped up a dish of potato salad with fish fritters, per the report. But the broadcaster, ORF, was soon hit by complaints from anglers after they discovered the fish used in the dish was the endangered Frauennerfling, a near-extinct species, AFP reported. AdvertisementORF also apologized for "cooking a fish which is protected all year round," claiming it had had "different information," the report said.
Persons: , Rutilus, Gregor Gravogl Organizations: IUCN, ORF, Service, Agence France, Presse, AFP, International Union for Conservation of Nature Locations: Austrian, AFP, Barron's, Italy, Switzerland, Austria's
This story is available exclusively to Business Insider subscribers. In a statement in December, Starbucks CEO Laxman Narasimhan said protesters had been "influenced by misrepresentation on social media" of what the company stands for. AdvertisementA Starbucks spokesperson told Business Insider: "As Alshaya reviews its business portfolio they have made the difficult decision to eliminate some roles in their Starbucks store portfolio." The layoffs came as Starbucks and other Western brands such as McDonald's and KFC have faced consumer boycotts over the Israel-Gaza war. "So long as this war is going on ... we're not expecting to see any significant improvement (in these markets)," McDonald's CEO Chris Kempczinski said.
Persons: , Laxman Narasimhan, AlShaya, Narasimhan, we're, Chris Kempczinski, Jack Guez Organizations: Service, Reuters, Palestine, Business, Starbucks, AlShaya, KFC, Getty Locations: East, North Africa, Gaza, Israel, Palestine, Kuwait, Indonesia, Malaysia, France, Sderot, AFP
Read previewIt's no secret there's a housing shortage in the US, and it's not likely to get better any time soon. Hannah Jones, senior economic research analyst for Realtor.com, told Business Insider this year "will still be a challenging housing market." "Buyers are seeing less home inventory, less homes for sale in the market, and sellers are less incentivized to sell in today's market," Jones said. The situation is even more stark when looking at single-family homes alone. Jones said, "multifamily housing has been a bit of a bright spot in the last couple of years."
Persons: , it's, Hannah Jones, Jones Organizations: Service, Business
Nathan Howard | ReutersSince Biden's playful intro post, his campaign's TikTok account has notched over 222,000 followers and over 2.4 million likes. The Biden campaign didn't immediately respond to a request for comment. On the app, users were greeted with a screenshot warning them that Congress was "planning a total ban of TikTok." TikTok goes to WashingtonU.S. political campaigns more broadly are trying to figure out how best to utilize TikTok. Last April, for instance, the White House said it was enlisting a squad of volunteer TikTok and Instagram influencers to help spread awareness of the Biden campaign.
Persons: Jaap Arriens, Joe Biden, TikTok, Maggie Macdonald, Biden, Kansas City Chiefs —, Macdonald, China's ByteDance, Troy Balderson, Shou Zi Chew, Nathan Howard, Donald Trump, Aaron Earls, Biden's, Karine Jean, Pierre, didn't, influencers, it's, Kennedy, Earls, Marilyn Monroe, Joe DiMaggio, Anupam Chander, , Vivek Ramaswamy, wouldn't, We've, we'll, Anish Mohanty, Mohanty, that's Organizations: Nurphoto, Kansas City Chiefs, University of Kentucky, Washington , D.C, U.S, Chinese Communist Party, CCP, CNBC, U.S . Capitol, Reuters, Republican, Democratic, Senate, White, Biden, Washington U.S, Facebook, Democratic National Committee, Climate Power, Georgetown University Law Center, Congress, Trump, TikTok, Republican Party Locations: Australia, Singapore, Mexico, Washington ,, U.S, Ohio, Washington , U.S, Washington, China, Gaza
CNN —The US military is developing portable UFO detection kits to collect better data on reports of sightings as the Pentagon says there is no evidence of alien technology found in any government investigation. The AARO office looked at US government investigations and efforts related to UFOs dating back to 1945. Some of the reported sightings of UFOs were people who unknowingly witnessed the testing or use of classified US technology. The AARO office is also collecting and investigating new reports and sightings of unidentified objects. In February, the office closed 122 cases, Phillips said, most of which was debris in the atmosphere.
Persons: Timothy Phillips, AARO, ” Phillips, Phillips, there’s, Sean Kirkpatrick, , Organizations: CNN, Pentagon, United, United States Government Locations: Texas, Roswell , New Mexico, United States, China
CNN —Iran’s “repression of peaceful protests” and “institutional discrimination against women and girls” has led to human rights violations, some of which amount to “crimes against humanity,” according to a United Nations’ report. It cited a report by the Independent International Fact-Finding Mission on the Islamic Republic of Iran, a task force set up by the UN Human Rights Council to look at claims of deteriorating human rights conditions in Iran. She became the face of women calling for greater rights and freedoms curtailed since the 1979 Islamic Revolution. Protests erupted across Iran again in September last year on the first anniversary of her death. AFP/Getty ImagesA CNN report in November 2022 also found that Iran’s security forces used rape to quell protests in the country.
Persons: , Jina Mahsa Amini, Mahsa, ” “, Mahsa Amini, Sara Hossain, Iran’s Organizations: CNN, United Nations, United Nations Office, Human Rights, Independent, UN Human Rights, UN, , Getty, Locations: Islamic Republic of Iran, Iran, Tehran, AFP
Read previewA financial services worker in Shanghai who was fired for browsing pornographic websites at work has sued his former employer, blaming a virus that infected his computer. Yang had worked for five years under his employer and earned about $2,360 a month until he was fired in August 2022, per the Shanghai High Court. Yang's employer said that Yang had breached his contract — which prohibits employees from consuming pornography at work — by accessing "little movies" on his work computer. But Yang submitted company records that showed his colleagues often downloaded movies or shows on their work computers outside business hours. He said that this may have caused his computer to become infected by Trojan malware, per the court.
Persons: , Yang, Kaspersky Organizations: Service, Business, Shanghai High Court Locations: Shanghai, China
Washington CNN —Americans are in the throes of the worst housing affordability crisis in decades. If inflation keeps coming down, mortgage rates will come down as well. The first is a $10,000 refundable credit for middle-class homebuyers – essentially an interest rate buy-down. So, when inflation is too high, the only thing the Fed can do is jack up interest rates to slow demand. “We’ll still have the underlying housing shortage and and it’s going to be causing upward pressure on housing prices,” he said.
Persons: Joe Biden, I’m, , Biden’s, Biden, David Dworkin, ” Dworkin, , Ed DeMarco, Jerome Powell, Freddie Mac, Powell, ” Powell, “ We’ll Organizations: Washington CNN, National Housing Conference, Council, Federal, Senate, Fed Locations: Thursday’s State, America
That was a far steeper decline than the overall venture funding market, which declined 38% in 2023, the report said. (The report was based on data from Crunchbase, which Alignment Growth is an investor in.) Investors have been flocking to AI, live entertainment, and sports. Sports M&A nearly tripled in three years to $27.9 billion in 2023, driven by deals for team franchises, the Alignment Growth report showed. High ticket prices for live entertainment could dampen attendance, especially if consumer confidence takes a hit.
Persons: Wade Holden, Anthony Jasenski, CBRE's, Jasenski, haven't, IATSE, Alex Iosilevich, Schlogel, Craig Thompson Organizations: Venture, Business, Disney, Warner Bros, Global, P Global Market Intelligence, Blackstone, Bain Capital Real, Deloitte, Teamsters, Hollywood, Investors, Sports, Atwater, Mindspring Capital Locations: Hollywood, Crunchbase, Americas, OpenAI
Lufthansa is hurting as Germany is gripped by strikes
  + stars: | 2024-03-07 | by ( Anna Cooban | ) edition.cnn.com   time to read: +4 min
The strikes have also discouraged numerous customers from booking flights — particularly last-minute ”profitable” flights — resulting in a ”significant sales loss” for the company, he added. Lufthansa Group reported operating profit of around €2.7 billion ($2.9 billion) — the third-biggest in its history, and up 76% from 2022. The Verdi union, which represents 25,000 Lufthansa ground staff, had called for them to go on strike from early Thursday and until Saturday morning. The strikes are just the latest in a wave of industrial action in Germany, famed for its strong legal protections for workers, and follow walkouts by train drivers in January over wages. Deutsche Bahn, Germany’s state-owned rail operator, said it expected the industrial action to have a “massive” impact on its operations.
Persons: Berlin CNN —, Remco Steenbergen, Verdi, Marvin Reschinsky, Michael Niggemann, Chris Stern, Olesya Dmitracova, Eve Brennan, Rob North Organizations: Berlin CNN, Berlin CNN — Germany’s, Lufthansa Group, Lufthansa, Austrian Airlines, Security, Hamburg, Monetary Fund, Deutsche Bahn Locations: Berlin, , Frankfurt, Dusseldorf, Germany, Germany’s, London
Seoul, South Korea CNN —North Korea on Thursday showed off its long-range artillery systems, thousands of weapons that it could use to strike the South with little warning while causing tens of thousands of casualties, according to experts. North Korean leader Kim Jong Un observed both drills and was seen in photos provided by state media. North Korean artillery fires during large-scales exercises on March 7. Even retaliatory strikes by South Korea and the US would be difficult to execute, the report said. In January, Kim called the South the North’s “primary foe and invariable principal enemy” and ordered a reunification monument in the North Korean capital to be demolished.
Persons: Kim Jong, Kim Jong Un, Kim, , KCNA Kim, Organizations: South Korea CNN, South Korean, Korea’s Defense, Monday, North, Korean Central News Agency, Korean People's Army, South Korean Defense Ministry, Peninsula . Artillery, RAND Corp, RAND, ROK, DPRK, U.S, South Locations: Seoul, South Korea, North Korea, United States, Pyongyang, Ukraine, Russia, Korean, Republic of Korea
She passed away.”As Israel’s severe restrictions on aid entering the Gaza Strip drain essential supplies, displaced Palestinians told CNN they are struggling to feed their children. CNNFood shortages are reportedly the worst in northern Gaza, where Israel concentrated its military offensive in the early days of the war. Dr. Muhammad Salha, acting director of Al-Awda Hospital, in northern Gaza, told CNN medical workers are treating cases of dehydration, gastroenteritis, and hepatitis among women and children. The US military said it had, alongside the Royal Jordanian Air Force, parachuted more than 36,800 meals into northern Gaza that day. He told CNN that he injured his foot while trying to buy flour along Al-Rashid Street.
Persons: CNN — Anwar Abdul Nabi, Kamal Adwan, tenderly, Mila, Nabi, Ashraf Al, Hussam Abu Safiya, Israel, , , Ikhlas Shehadeh, ” Anwar Abdul Nabi, Richard Peeperkorn, Dr, Muhammad Salha, ’ wombs, Mohammed Salem, Ahmad Salem, Kosay Al Nemer, Melanie Ward, Riyad Mansour, Faraj Abu Naji, Rashid Organizations: CNN, Kamal, Health, Hamas, Ministry of Health, Integrated Food Security, UNICEF State, United Nations Population Fund, World Health Organization, WHO, Al, Awda, Reuters, Humanitarian Affairs, Kamal Adwan Hospital, United Arab, Emirati Ministry of Defense, Royal Jordanian Air Force, Medical Aid, Israel Defense Forces, United Nations Locations: Gaza, Israel, Palestine, Rafah, United Arab Emirates, Egypt, Gaza City, , Kuwait, Rasheed, Palestinian, Al
Read previewWhen it comes to OpenAI, Elon Musk is not afraid to go for the jugular. He addressed his personal relationship with Musk directly in a memo sent to employees shortly after the lawsuit was filed. Though he said he'd considered Musk a personal hero, he expressed disappointment that Musk wasn't on OpenAI's side. AdvertisementThe Journal reported cited people close to Musk, who said Musk was jealous of OpenAI's success in the AI race. Representatives for Musk and Altman did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: , Elon Musk, Sam Altman, Altman, Greg Brockman, Ilya Sutskever, OpenAI, execs, we've, Lex Fridman, Musk, Kara Swisher, he'd Organizations: Service, OpenAI, Business, Microsoft, Elon, Street Journal, Musk Locations: Elon
CNN —The US has called for “urgent” movement toward a political transition in Haiti, as gangs run amok in the nation’s capital and opposition groups demand Prime Minister Ariel Henry’s resignation. Henry landed in Puerto Rico on Tuesday after days of speculation about his whereabouts. US officials had called Henry mid-flight in an effort to persuade him to step aside in favor of a transitional administration, the report said. Ahead of the meeting, the UN’s High Commissioner for Human Rights Volker Türk urged the international community to “act swiftly and decisively to prevent Haiti’s further descent into chaos.”“This situation is beyond untenable for the people of Haiti,” he said. “We are simply running out of time.”This is a developing story and will be updated.
Persons: Ariel Henry’s, Henry, United Nations Linda Thomas, Greenfield, we’ve, Prince, Henry’s, Jimmy Cherizier, , , Ariel Henry doesn’t, Ariel Henry, ” Cherizier, Volker Türk, Haiti’s Organizations: CNN, Kenyan, Miami Herald, Herald, United Nations, Reuters, Core, UN Security, Human Locations: Haiti, Puerto Rico, Kenya, Caribbean, Washington, Dominican Republic, Dominican, Haitian, Port, United States, Canada, France
CNN —Ukraine’s military on Tuesday claimed another successful attack on a Russian warship, marking the latest in a string of naval defeats for Moscow’s Black Sea Fleet that Kyiv says has reduced its numbers by more than a third since the start of the war. “As a result of the strike by Magura V5 maritime drones, the Russian ship Project 22160 ‘Sergei Kotov’ sustained damage to the stern, starboard and port sides,” sparking a fire aboard the vessel, a statement said. In mid-February, the Russian landing ship Caesar Kunikov was attacked with the same drones used against the Sergei Kotov. The drones punctured “critical holes” on the Russian ship’s left side before sinking it, Ukrainian military intelligence agency said on Telegram. The Sergei Kotov was one of Russia newest ships in the Black Sea Fleet.
Persons: CNN —, Moscow’s, Sergei Kotov, Sergei Kotov ’, Andriy Yusov, Caesar Kunikov Organizations: CNN, The Defense Intelligence, Magura, Russian, Ukrainian Navy, Ukraine’s Ministry of Digital, Defense Intelligence, Radio Free, Radio Liberty, Fleet, TASS Locations: Russian, Ukraine, Kerch, Crimea, Russia, Radio Free Europe
China sets GDP target of 'around 5%' for 2024
  + stars: | 2024-03-05 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +2 min
BEIJING — China set a growth target of "around 5%" for 2024, according to the "Government Work Report" released Tuesday. The targets for GDP and other economic indicators were published as part of the opening of the National People's Congress annual meeting. The work report emphasized the need to "ensure both high-quality development and greater security," preventing risks and maintaining social stability, among other tasks. The work report said that "internal drivers of development are being built up," but added the country should be "well prepared for all risks and challenges." More than 2,800 delegates attended the opening of the National People's Congress annual meeting in Beijing on Tuesday.
Persons: Li Qiang, Louise Loo Organizations: Economic, National People's, National Bureau of Statistics, Communist Party of China's, National People's Congress, IMF, Oxford Economics Locations: Davos, Switzerland, BEIJING, China, Beijing
Target — Target surged nearly 12% after the retailer topped Wall Street's fourth-quarter estimates . Advanced Micro Devices — Shares fell more than 2% after Bloomberg said AMD failed to get a made-for-China chip past U.S. regulators. Profit forecasts also missed expectations, with GitLab guiding between 19 cents and 23 cents, versus a consensus estimate of 35 cents. Paymentus Holdings — The payment technology stock popped 21% after surpassing Wall Street's fourth-quarter revenue and earnings estimates. AeroVironment — The defense stock soared nearly 28% and headed for its second-best day ever after topping Wall Street's fiscal third-quarter expectations and offering stronger-than-expected full-year guidance.
Persons: Apple —, Tesla, — Microstrategy, Albemarle, GitLab, Wall, AeroVironment, , Yun Li, Michelle Fox, Jesse Pound, Hakyung Kim Organizations: Apple, Apple — Apple, Research, , Bloomberg, AMD, Commerce Department, Preferred Stock, Paymentus Holdings, Technologies, Wolfe Research Locations: China, Berlin, Australia
Spring is just around the corner, and the same may be true of a housing market revival. Housing inventory is starting to rise alongside temperatures, according to a just-released report from Realtor.com. Researchers at the listings site noted in a March 5 announcement that US active property listings rose 14.8% in February from 2023, while new listings jumped 11.3%. The jump in property listings was widespread, as it occurred in 29 of the 50-largest US cities, according to Realtor.com. 25 cities where cheaper-than-average houses are prevalentBelow are the 17 US real estate markets where houses are cheaper than the national median of $415,500, and inventory growth is also positive.
Persons: Realtor.com, haven't Organizations: Realtor.com, Business, homebuyers
The work report presented Tuesday by Premier Li Qiang to the National People’s Congress outlined plans for modest increases in overall spending and a hefty 7.2% jump in funding for the military. Li's work report is designed to showcase for the nation achievements in the past year and convey the top leadership's priorities for this year. Photos You Should See View All 60 ImagesApart from the ambitious growth target, “There is no reform, no liberalization, no action plan and no messaging of reassurance,” he said. — Another 10.4 billion yuan ($1.4 billion) will go to upgrading industries and modernizing manufacturing. “We will work to build China's self-reliance and strength in science and technology,” the report said.
Persons: it’s, Premier Li Qiang, Li, Xi Jinping's, James Zimmerman, , Tianchen Xu, What's, , Xu, ” Lynn Song Organizations: BEIJING, Premier, National People’s, Communist, American Chamber of Commerce, Economist Intelligence Unit, Baidu, Greater China, ING Economics, Locations: China, Beijing, Washington, Hong Kong, Greater
A smartphone with a displayed AMD logo is placed on a computer motherboard in this illustration taken March 6, 2023. The report said AMD designed the chip to have lower performance than its premium products in order to comply with U.S. export restrictions. But Bloomberg reported the Commerce Department did not clear the chip for sale in China because it was still too advanced. AMD will now have to obtain a license from the department's Bureau of Industry and Security, the report said. AMD and the Commerce's Bureau of Industry and Security did not immediately respond to CNBC's requests for comment.
Persons: It's Organizations: Devices, Bloomberg, AMD, Commerce Department, department's Bureau of Industry, Security, Commerce's Bureau of Industry Locations: China, department's, U.S, Beijing
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe National Aeronautics and Space Administration (NASA) is giving up its mission to refuel old satellites in orbit, putting an end to an ambitious $2 billion project plagued by delays and technical setbacks. The administration said on Friday that it's discontinuing the effort after an independent review, citing "continued technical, cost, and schedule challenges." NASA said it's working on mitigating the impact of the OSAM-1's cancellation on staff at the Goddard Space Flight Center in Greenbelt, Maryland. NASA and Maxar did not immediately respond to requests for comment sent outside regular business hours by Business Insider.
Persons: , wasn't, Maxar, it's Organizations: Service, National Aeronautics and Space Administration, NASA, Business, Technologies, Staff, Goddard Space Flight, CNBC Locations: California, Greenbelt , Maryland
Many older Americans are financially vulnerable, with over half living on incomes of $30,000 or less a year. And, as Sanders' report notes, about 10% of older Americans live in poverty, according to an analysis from the Center on Budget and Policy Priorities. Without Social Security income, around 38% of Americans 65 and older would be living below the poverty line. Even so, America's Social Security benefits lag behind many other wealthy countries; benefits amount to, on average, 51.8% of workers' earnings across the OECD. All of that comes as older Americans see their adult children leaning on them financially, as Gen Zers and millennials weather their own economic storms.
Persons: Bernie Sanders, , Sanders, Zers, I'm, Jane, you'll Organizations: Service, Health, Education, Labor, Wall, Survey, Federal Reserve's Survey, Consumer Finance, Budget, Security, OECD, Social Security Locations: Japan
CVS and Walgreens will start selling mifepristone in some US states, Reuters reported. The move follows a 2023 FDA decision to allow certified pharmacies to sell the abortion drug. President Joe Biden, who has supported increased access to abortion, hailed the news. AdvertisementCVS and Walgreens are set to begin selling the abortion pill mifepristone in some states this month, Reuters reported. The Food and Drug Administration (FDA) announced last year that it would allow retail pharmacies to begin selling the drug.
Persons: Joe Biden, , Wade, Harris, Trump Organizations: Walgreens, Reuters, FDA, Service, Drug Administration, CVS, Alliance for Hippocratic, Guttmacher Institute, Food and Drug Administration, Republican, Food, Fox News, Politico Locations: New York , Pennsylvania , Massachusetts, California, Illinois, Massachusetts, Rhode Island
Elon Musk filed a lawsuit against Sam Altman and OpenAI last week. AdvertisementSam Altman seemed keen to attract Elon Musk's attention by resurfacing an old conversation with the owner of X. Altman wrote "anytime" next to a salute emoji in the conversation thread, in which he had previously praised Musk and Tesla. Be the person on the side of the climate and innovation, not the person hoping to make money on puts," Altman wrote in 2019. OpenAI was founded by Altman, Musk, CTO Greg Brockman, and several other engineers and scientists as a nonprofit, its website said.
Persons: Elon Musk, Sam Altman, OpenAI, Altman, Musk, , Elon, Sam, Greg Brockman, Musk's, Jason Kwon, Axios, Kwon, ChatGPT, OpenAI didn't Organizations: Service, Twitter, Tesla, Elon, Microsoft, Bloomberg, Enterprise
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