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☆ Manhattan median rents remain at record highs in August
▼ + stars: | 2023-09-14 | 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 EmailManhattan median rents remain at record highs in AugustCNBC's Robert Frank joins 'The Exchange' to discuss another month of record high rent in New York City, a shortage of rental inventories in Manhattan, and more.

Persons: CNBC's Robert Frank Locations: New York City, Manhattan

☆ IRS targets top earners with AI and machine learning
▼ + stars: | 2023-09-11 | 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 EmailIRS targets top earners with AI and machine learningCNBC’s Robert Frank joins 'Power Lunch' to discuss the IRS targeting the wealthy for tax crackdown.

Persons: Robert Frank

Depleted uranium is a dense by-product left over when uranium is enriched for use in nuclear reactors or nuclear weapons. The depleted uranium is still radioactive, but has a much lower level of the isotopes U-235 and U-234 - way less than the levels in natural uranium ore - reducing its radioactivity. The United States, Britain, Russia, China, France and Pakistan produce depleted uranium weapons, which are not classified as nuclear weapons, according to the International Coalition to Ban Uranium Weapons. Ingesting or inhaling quantities of uranium - even depleted uranium - is dangerous: it can depress renal function and raises the risk of developing a range of cancers. A United Nations Environment Programme report on the impact of depleted uranium on Serbia and Montenegro found "no significant, widespread contamination".

Persons: Sergei Ryabkov, Ryabkov, Guy Faulconbridge, Frank Jack Daniel, Tomasz Janowski, Kevin Liffey Organizations: Pentagon, International Atomic Energy Agency, Associated Universities, of, DU, WHO, International Coalition, Uranium, NATO, Royal Society, IAEA, United Nations Environment, TASS, Thomson Locations: Ukraine, Russian, Tennessee, United States, Britain, Russia, China, France, Pakistan, Yugoslavia, Balkans, London, Serbia, Montenegro, RUSSIA, Washington

☆ NYC's new legislation cracking down on Airbnbs goes into effect today
▼ + stars: | 2023-09-05 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNYC's new legislation cracking down on Airbnbs goes into effect todayCNBC's Robert Frank joins 'Power Lunch' to discuss the new law impacting Airbnb listings in New York City, rental legislation enforceability problems, and competition for rental properties leading to record high rates.

Persons: Robert Frank Locations: New York City

"Increasingly we are going to turn used clothes into raw material from Europe for fashion companies." Also in Spain, rivals including H&M, Mango and Inditex have created a non-profit association to manage clothing waste, responding to an EU law requiring member states to separate textiles from other waste from January 2025. OBSTACLESThe obstacles to significantly reducing clothing waste are formidable, despite the EU crackdown, industry sustainability commitments and initiatives like the Moda Re expansion. Adidas (ADSGn.DE), Bestseller, and H&M (HMb.ST) have invested in Finnish start-up Infinited Fiber Company, which manufactures fibre out of textile waste, cardboard and paper. As in Spain, textile waste associations would be set up in each country.

Persons: Albert Alberich, Inditex, Dijana Lind, Hugo Boss, Lind, Moda, Aissatou Boukoum, Mauro Scalia, Corina Pons, Helen Reid, Horaci Garcia, Nacho, Frank Jack Daniel Our Organizations: BARCELONA, Moda, Caritas, Union, European Commission, Union Investment, Adidas, McKinsey, Reuters, EU, ReHubs, Moda Re, United Nations, Inditex, Puma, Infinited Fiber Company, Thomson Locations: Spain, Barcelona, Spanish, Europe, Zara, Bilbao, Valencia, EU, Frankfurt, ReHubs Europe, Mali, Sant, AFRICA, Cameroon, Ghana, Senegal, Africa, Senegalese, Germany, Texaid, Switzerland, Vestisolidale, Italy, France, EURATEX, Madrid, London, Nacho Doce

☆ A Sunny Place for Shady People
▼ + stars: | 2023-08-27 | by ( Liesl Schillinger | ) www.nytimes.com time to read: +2 min

Its owner was known to accept paintings in lieu of payment — “My kind of hotel,” Picasso joked. In 1960, burglars broke in and stole 21 canvases, including a Braque, a Léger, a Mirò and a Modigliani. The influential Lord Brougham “discovered” Cannes in 1834, when a cholera epidemic interrupted his progress to Italy. Besotted by the Arcadian surroundings, he built a villa. Other foreign aristocrats followed suit, and 20 years later, Prosper Mérimée complained that “the English are established here as in a conquered land.

Persons: ” Picasso, Braque, Modigliani, Miles, Brougham “, Prosper Mérimée, They’ve, Cap Martin, Queen Victoria, Countess, Balmoral, “, Duchess Anastasia, “ Bertie, ”, King Edward VII, Henry Clews, Frank Jay Gould, Murphys, Edith Wharton, Scott Fitzgerald Organizations: Art, Villa Americana Locations: Saint, Paul, Cannes, Italy, Nice, Beaulieu, La, Menton, Balmoral ”, Russian, Monte Carlo, ”, Antibes, Hyères

☆ Rolls-Royce rolls out $30M Bespoke Car
▼ + stars: | 2023-08-22 | by ( Robert Frank | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRolls-Royce rolls out $30M Bespoke CarCNBC's Robert Frank joins 'Squawk on the Street' to discuss luxury car maker Rolls-Royce rolling out a multi-million dollar vehicle and how customization drives luxury sales.

Persons: Royce, Robert Frank Organizations: Royce

☆ The secret engine powering Ferrari's growth
▼ + stars: | 2023-08-18 | by ( Robert Frank | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe secret engine powering Ferrari's growthCNBC's Robert Frank joins 'Squawk on the Street' from the Pebble Beach Car Auctions in Monterey, California with a look at what's powering Ferrari's growth.

Persons: Robert Frank Locations: Monterey , California

☆ Classic cars flashing warnings signs among high-end collectors
▼ + stars: | 2023-08-18 | 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 EmailClassic cars flashing warnings signs among high-end collectorsCNBC's Robert Frank joins 'The Exchange' to discuss the Pebble Beach Car Auction, classic cars sales as an indicator for consumer health, and continued interest in Porsche.

Persons: Robert Frank Organizations: Porsche

France has used an anti-terrorism unit to question some climate activists, the police confirmed to Reuters. Britain’s National Police Chiefs’ Council did not immediately respond to a request for comment and its interior ministry did not comment. Germany does not have a national policy targeting climate activists, who the government considers mainly non-extremist, a spokesperson for the country’s interior ministry said. "Climate protesters can perhaps be locked away, but the climate catastrophe will come anyway," Lachner said after being convicted in Berlin in July for glueing incidents last year and fined 2,700 euros. In the January newspaper interview, the local office of the interior ministry confirmed both devices had been installed.

Persons: Yves Herman, Simon Lachner, he'd, “ radicalisation ”, Lachner’s, Lachner, Regensberg, Lafarge Holcim, SLT, Julien Le Guet, Le Guet, Pascale Leglise, Riham Alkousaa, Juliette Jabkhiro, Andrew MacAskill, William James, Katy Daigle, Frank Jack Daniel Our Organizations: REUTERS, GPS, Bavaria, Reuters, Britain’s National Police Chiefs ’, Los, Prosecutors, Bavarian, Berlin, Military, National Commission, Control, Thomson Locations: France, Sainte, Soline, BERLIN, Lachner, Britain, Germany, Berlin, Europe, Los Angeles, Brandenburg, Bavaria, Bavarian, Regensberg, French, Deux, Sevres, Nouvelle Aquitaine, SLT, Paris, London

☆ Sky High Rents: Manhattan prices hit new record
▼ + stars: | 2023-08-10 | by ( Robert Frank | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSky High Rents: Manhattan prices hit new recordCNBC's Robert Frank joins 'Squawk Box' with more on Manhattan's record-setting rent prices.

Persons: Robert Frank Locations: Manhattan

☆ Manhattan rentals rates are 30% higher than pre-pandemic levels
▼ + stars: | 2023-08-10 | 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 EmailManhattan rentals rates are 30% higher than pre-pandemic levelsCNBC's Robert Frank joins 'The Exchange' to discuss Manhattan rental prices hitting a record high, rental prices moderating throughout the United States, and Manhattan's rental inventory struggles.

Persons: Robert Frank Locations: Manhattan, United States

"It is not going to be easy for them (Russia)," said one industry executive with knowledge of grains exports. Last year, Russia exported a record volume of wheat on ships chartered from international companies and traders. "Most of what is coming out is dealt with by Russian traders using (shadow) fleet ships, which international traders would not touch". The Black Sea remains a critical area for Russian exports, with other locations more complicated and costly. Russia's Black Sea terminals handle about 70% of the country's grain exports.

Persons: Vladimir Putin, Eduard Zernin, Zernin, Cargill, Louis Dreyfus, Viterra, Dreyfus, Bunge, Denmark's, Mike Salthouse, Rosagroleasing, Victoria Mitchell, Jonathan Saul, Nigel Hunt, Polina Devitt, Gus Trompiz, Frank Jack Daniel Our Organizations: General's, REUTERS, Russia's, Grain, Reuters, International Grains Council, Russian, Control, Thomson Locations: Russian, Odesa, Ukraine, Russia Russia, Moscow, Africa, Novorossiysk, Russia's Union, Russia, Turkey, China, Denmark's NORDEN, Bulgaria, Romania, United States, Europe, Taman, Russia's, ., London, Paris

But some of its beans, known as unwashed or 'natural' arabicas, have not previously been used for high-end benchmark coffee contracts around the world. Unwashed coffee is so-called because its fruit is left to dry whole before the bean is extracted. He added that relatively little Brazilian coffee ends up in ICE warehouses because it usually fetches higher prices in the physical markets. The two companies declined to comment on whether they had got a mix of semi-washed and unwashed beans certified by ICE. Zooming out to inflation adjusted terms however, coffee prices in 1980 were equivalent to about $8 per lb - a whopping 500% higher than they are today, according to Reuters calculations.

Persons: Juan Carlos Ulate, Dagoberto Suazo, unwashed, Marcio Ferreira, Cecafe, Ferreira, Louis Dreyfus, Pedro Mendoza, Maytaal Angel, Gustavo Palencia, Marcelo Teixeira, Frank Jack Daniel Our Organizations: Workers, REUTERS, LONDON, Agricultural, Intercontinental Exchange, Reuters, Producers, IF IT, ICE, Central, Thomson Locations: Grecia, Costa Rica, TEGUCIGALPA, Honduras, Brazil, America, Africa, Cafetaleras, Colombia, Central America, Peru, Europe, Swiss, Sucafina, U.S, London, Tegucigalpa, New York

There is no suggestion the trades break sanctions, although they may make it difficult for sanctions enforcement agencies in Europe and the United States to track Russian oil transactions and prices. The new trading network and practices raise financial risks for Russian oil companies dealing with unknown entities with limited credit history. "We recognise that (sanctions on Russia are) going to change the shape and structure of the Russian oil markets," the official told reporters. In May, Russian seaborne oil supplies to India, which was a rare buyer of Russian oil before the war, reached a record of 1.95 million bpd while China imported 2.29 million bpd. A source with one major Russian oil company said his company was prepared to deal with higher credit risks from buyers for the sake of having stable and rising oil exports.

Persons: Russia's, Rosneft, Everest, Coral, Washington, Lukoil, Dmitry Zhdannikov, Nidhi Verma, Timothy Gardner, Laura Sanicola, Simon Webb, Frank Jack Daniel Our Organizations: NEW, Liberian, Reuters, Shell, Group, European Union, Bellatrix Energy, Leopard, Guron, SEA, Coral Energy, Everest Energy, U.S . Treasury, EU, UK, Treasury, UAE dirham, Shipping, Hindustan Petroleum, Gazprom Neft, Covart Energy, Orion Energy, Media, Rosneft, Nidhi, Thomson Locations: Russia, Ukraine MOSCOW, NEW DELHI, Russia's Ust, Hong Kong, India, Moscow, Asia, Ukraine, Refinitiv, Europe, United States, Australia, China, U.S, UAE, Dubai, Visakhapatnam, Surgutneftegaz, Russian, Geneva, Singapore, Rosneft, Venezuela, MOSCOW, LONDON, Washington, New York

☆ How the slowdown in US luxury spending is affecting LVMH's earnings
▼ + stars: | 2023-07-25 | 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 EmailHow the slowdown in US luxury spending is affecting LVMH's earningsCNBC's Robert Frank joins 'The Exchange' to discuss LVMH's earnings under pressure due to a slowdown in luxury spending, American''s shopping overseas for luxury goods, and the strength of wealthy consumers in China.

Persons: Robert Frank Locations: China

☆ Calabria hit by wildfires, heat in Italy to intensify
▼ + stars: | 2023-07-23 | by ( ) www.reuters.com time to read: +1 min

ROME, July 23 (Reuters) - Firefighters battled blazes in the southern Italian region of Calabria on Sunday and forecasters warned that temperatures were set to soar again in parts of the country over the next day or two. Additional teams of firefighters were called in from the regions of Campania and Lazio, as well as the Sicilian city of Messina. A heat wave has hit southern Europe during the peak summer tourist season, breaking records - including in Rome - and bringing warnings about an increased risk of deaths. Italy is one of the European countries most affected by climate change and suffered deadly floods in May. Parts of northern Italy have also seen intense hail storms as the hot weather broke down there in the last few days.

Persons: Gilberto Pichetto Fratin, Keith Weir, Frank Jack Daniel Our Organizations: Firefighters, Sunday, Energy, La Repubblica, Thomson Locations: Italian, Calabria, Campania, Lazio, Sicilian, Messina, Europe, Rome, Rhodes, Italy, Sicily, Sardinia

ATHENS, July 23 (Reuters) - A wildfire raging on the Greek island of Rhodes forced thousands of tourists and island residents to shelter in schools and indoor stadiums on Sunday after they were evacuated from coastal villages and resorts. One government official told Reuters 19,000 people had been moved away from their homes and hotels, 3,000 of them by boat. Large groups gathered in the streets under a red sky waiting to be taken to safety. "We have between 4,000 and 5,000 people now accommodated at different structures," Thanasis Virinis, a vice mayor of Rhodes told Mega television on Sunday, calling for donations of essentials such as mattresses and bedclothes. "Customers currently in Rhodes will return on their intended flight home", it sad in a statement.

Persons: Amy Leyden, Leyden, Rhodes, Ioannis Artopoios, Jet2, TUI, Renee Maltezou, Elizabeth Piper, Frank Jack Daniel, Frances Kerry Organizations: Correndon, Reuters, Sky News, Volunteers, Mega, Firefighters, World Meteorological Organization, Thomson Locations: ATHENS, Rhodes, TUI, Greece, Kiotari, Lindos, Southern Europe

☆ Pope approves Shanghai bishop as Vatican chides China for lack of consultation
▼ + stars: | 2023-07-15 | by ( Philip Pullella | ) www.reuters.com time to read: +1 min

VATICAN CITY, July 15 (Reuters) - Pope Francis has approved a new bishop of Shanghai as the Vatican chided China for transferring him there without consultation, in violation of bi-lateral accords. A Vatican statement on Saturday said the pope had named Bishop Joseph Shen Bin to head the vacant Shanghai diocese position. It is the latest dispute between the Vatican and China over the transfer of a bishop. In November, the Vatican accused Chinese authorities of violating the 2018 pact by installing a bishop in a diocese not recognised by the Holy See. For the first time since the 1950s, both sides recognised the pope as supreme leader of the Catholic Church.

Persons: Pope Francis, Bishop Joseph Shen Bin, Cardinal Pietro Parolin, Shen, Parolin, Philip Pullella, Frank Jack Daniel, Mike Harrison Organizations: CITY, State, Conservative, Catholic Church, Thomson Locations: Shanghai, Vatican, China, Haimen, Jiangsu province

The European Space Agency (ESA), whose satellites monitor land and sea temperatures, has warned that Italy, Spain, France, Germany and Poland are all facing extreme conditions. Temperatures next week could break Europe's current record - 48.8 Celsius recorded in Sicily in August 2021. [1/5]A woman cools off near a fan at a caf?, during a heatwave across Italy, in Rome, Italy, July 14, 2023. ACROPOLIS NOT NOWIn Athens, with temperatures peaking above 40 Celsius, authorities closed the Acropolis Hill, home to the Parthenon temple that is visited by millions of tourists every year, from noon to 5 p.m. (0900 GMT-1400 GMT). Others were brought down from the Acropolis Hill in golf carts and transferred to wheelchairs.

Persons: BURNS, Joan Ballester, Guglielmo Mangiapane, Angel Abad, Abad, Deborah Kyvrikosaios, Angeliki, Stamos Prousalis, Antonio Bronic, Malgorzata, Horaci Garcia, Guillermo Martinez Catherine Macdonald, Rachel Norstrant, Rich McKay, Keith Weir, Gavin Jones, Frank Jack Daniel Our Organizations: Phoenix, European Space Agency, ESA, Barcelona Institute, Global Health, caf, REUTERS, Reuters, Madrid's La, Thomson Locations: ATHENS, PHOENIX, Greece, Acropolis, Europe, Italy, Spain, France, Germany, Poland, Sicily, El, United States, Phoenix, Arizona, Portugal, Rome, ACROPOLIS, Athens, Croatia, Madrid's La Paz

☆ LVMH takes on Rolex: Tag Heuer opens new flagship store in New York City
▼ + stars: | 2023-07-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLVMH takes on Rolex: Tag Heuer opens new flagship store in New York CityCNBC’s Robert Frank joins 'Squawk on the Street' to discuss LVMH's plan to take on luxury watch maker Rolex.

Persons: Robert Frank Organizations: Rolex Locations: New York City

☆ Billionaire and CEOs unloading stocks: $9 billion in shares sold in first half of 2023
▼ + stars: | 2023-07-11 | 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 EmailBillionaire and CEOs unloading stocks: $9 billion in shares sold in first half of 2023CNBC’s Robert Frank joins 'Squawk on the Street' to report on billionaires and CEO's unloading stock.

Persons: Robert Frank Organizations: Billionaire

☆ NATO's Stoltenberg: Ukraine can join bloc when members agree and conditions are met
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +1 min

VILNIUS, July 11 (Reuters) - NATO will extend an invitation to Ukraine to join the military alliance when "members agree and conditions are met", Secretary General Jens Stoltenberg told a news conference on Tuesday. Stoltenberg's comments reflected the language in a communique issued by NATO leaders on Tuesday at a summit in Vilnius, Lithuania. Ukrainian President Volodymyr Zelenskiy said earlier in the day it would be "absurd" if NATO leaders did not offer his country a timeframe for membership. "If you look at all the membership processes, there have not been timelines for those processes. Reporting by Andrew Gray, writing by Tassilo Hummel; Editing by Frank Jack Daniel and Rosalba O'BrienOur Standards: The Thomson Reuters Trust Principles.

Persons: Jens Stoltenberg, Volodymyr Zelenskiy, Stoltenberg, Andrew Gray, Tassilo Hummel, Frank Jack Daniel, Rosalba O'Brien Organizations: NATO, Thomson Locations: VILNIUS, Ukraine, Vilnius, Lithuania

☆ Germany sends troops to Australia in a first as Berlin shifts focus to Indo-Pacific
▼ + stars: | 2023-07-10 | by ( Sabine Siebold | ) www.reuters.com time to read: +3 min

China is Berlin's most important trading partner, and 40% of Europe's foreign trade flows through the South China Sea, a waterway that is a focal point for territorial disputes in the Indo-Pacific. In 2021, a German warship sailed into the South China Sea for the first time in almost 20 years. When asked what message the first deployment of German troops to Australia was meant to send to China, he underscored Berlin did not aim to antagonize anybody. Mais plans to visit the German troops in Australia and a Rheinmetall (RHMG.DE) plant assembling Boxer armoured transport vehicles for both armies in mid-July, before travelling on to Japan and Singapore. As for Talisman Sabre, the German troops already have orders to return to Australia for the next exercise in 2025.

Persons: Alfons Mais, Berlin, Mais, Talisman Sabre, Sabine Siebold, Frank Jack Daniel Our Organizations: European Union, Reuters, Talisman, Rheinmetall, Boxer, Thomson Locations: BERLIN, Germany, Australia, China, German, U.S, Indonesia, Japan, South Korea, France, Britain, Berlin, Europe, Singapore

☆ UN food aid deliveries by AI robots could begin next year
▼ + stars: | 2023-07-07 | by ( Emma Farge | ) www.reuters.com time to read: +2 min

GENEVA, July 7 (Reuters) - AI-powered robotic vehicles could deliver food parcels to conflict and disaster zones by as early as next year in a move aimed to spare the lives of humanitarian workers, a World Food Programme (WFP) official told Reuters. Attacks against aid workers have intensified in recent years amid the highest number of violent conflicts since World War Two, according to the United Nations. WFP, the U.N.'s food aid agency, alone lost three workers earlier this year in Sudan's conflict. They were first conceived during the battle for Syria's Aleppo, between 2012 and 2016, when humanitarian workers struggled to get aid to besieged parts of the city, Kowatsch said. AI is used to combine data gleaned from various sources including satellite and sensors, allowing remote drivers to steer the vehicles.

Persons: Bernhard Kowatsch, Kowatsch, Emma Farge, Frank Jack Daniel Our Organizations: Food Programme, Reuters, United Nations, WFP, International Telecommunication Union, Air, Emergency, German Aerospace Center, Thomson Locations: GENEVA, Geneva, Aleppo, Syria, Sudan, South Sudan

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