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The first cruise ship, 'Norwegian Dawn' to arrive at Portland Port since the arrival of the Bibby Stockholm immigration barge, is seen docking, on July 26, 2023 in Portland, England. A Norwegian cruise ship has been denied permission to dock in Mauritius over fears of a potential cholera outbreak on board. The ship was on a 12-day itinerary from Cape Town, South Africa to Port Louis that started on Feb. 13. A spokesperson for the U.S.-headquartered Norwegian Cruise Line Holdings said Sunday that "a small number of guests experienced mild symptoms of a stomach-related illness" during Norwegian Dawn's South Africa voyage. Multiple media outlets reported the stomach illness on board the ship was suspected to be cholera.
Persons: Bibby, Port Louis Organizations: Portland Port, Sunday, Mauritius Ports Authority, U.S, Cruise Line Holdings, Norwegian Cruise Line Holdings Locations: Portland, Bibby Stockholm, England, Norwegian, Mauritius, Port, Cape Town , South Africa, Port Louis, South Africa
Jim Ratcliffe of INEOS meets members of the press ahead of the Premier League match between Manchester United and Tottenham Hotspur at Old Trafford on January 14, 2024 in Manchester, England. New Manchester United co-owner Jim Ratcliffe said on Friday that return on investment had nothing to do with his decision to invest in the English soccer giant. Ratcliffe's comments come shortly after the British petrochemicals billionaire and INEOS chief executive finally completed a deal to buy a minority stake in Manchester United. The Glazer family, which have owned Manchester United since 2005, retain a majority stake under the terms of the agreement. "And also, we have moved into consumer markets, you know certainly automotive is a huge consumer market obviously, and the INEOS name wasn't particularly well known so, through sport, obviously people are getting to know INEOS," Ratcliffe said.
Persons: Jim Ratcliffe, INEOS, Ratcliffe, Glazer, CNBC's Arabile, That's, we've Organizations: Premier League, Manchester United, Tottenham Hotspur, Old, New Manchester United, Ratcliffe's Locations: Old Trafford, Manchester, England, New
Most companies involved in the world's largest trial of a four-day working week have made the policy permanent, according to a new report. Of the 61 British companies that took part in a six-month pilot in 2022, at least 54 (89%) said the policy was still in place, while 31 firms (51%) said they had permanently switched to a four-day working week. The companies involved were invited to take part in a follow-up study one year on from the world's biggest trial of a shorter working week to date. "Overall results have held and in some cases have even continued to improve," Schor said in a statement. Job satisfaction and sleep problems nudged down a bit, but the bulk of the original improvement remains."
Persons: Juliet Schor, Schor Organizations: Frankfurt Central, Autonomy, Boston College Locations: Frankfurt, Germany
The X social media platform on Tuesday restored the account of Yulia Navalnaya, the widow of Russian opposition leader Alexei Navalny, after a brief suspension. X, formerly Twitter, said the site's defense mechanism against manipulation and spam had "mistakenly flagged" Navalnaya's account as violating its rules. "We unsuspended the account as soon as we became aware of the error, and will be updating the defense," X Safety said in a post on Tuesday. Navalny's Anti-Corruption Foundation had earlier tagged Elon Musk in a post to ask "exactly which rules were violated" by Navalnaya. Russia said on Monday that an investigation into Navalny's death is ongoing and has insisted "all due actions are being taken."
Persons: Yulia Navalnaya, Alexei Navalny, Alexei Navalny's, Navalny's, Elon, Kira Yarmysh, Vladimir Putin, Putin, Navalnaya Organizations: Munich Security, Corruption Foundation, Navalnaya, CNBC PRO Locations: Munich, Germany, Russia
Navalny, 47, was a well-known figure in Russia and a vocal critic of Russian President Vladimir Putin. World leaders reacted with dismay and suspicion to the news, while Navalny's allies say the anti-corruption campaigner was likely murdered on Putin's orders. U.S. President Joe Biden said Friday that "Putin is responsible" for Navalny's death. "Make no mistake: Putin is responsible for Navalny's death ... What has happened to Navalny is yet more proof of Putin's brutality." Asked whether the Kremlin was interested in a proper probe into Navanly's death, Peskov replied, "Actions provided for by Russia's legislation are being taken."
Persons: Alexei Navalny, Navalny, Vladimir Putin, Navalny's, Dmitry Peskov, Putin, Joe Biden, Peskov Organizations: NBC Locations: Russia
It's likely only a matter of time before scraping the ocean floor for valuable metals becomes a reality, according to the head of the International Seabed Authority, the U.N. regulator that oversees deep-sea mining. "That's the commercial driver and certainly there is vast resource potential in seabed minerals. "But the resource potential is absolutely there. His comments come as the ISA prepares to recommence talks on deep-sea mining in Kingston, Jamaica next month. The seabed watchdog's forthcoming session will seek to iron out a regulatory framework that, if adopted, would give the go-ahead to deep-sea mining on a commercial scale.
Persons: It's, Michael Lodge, recommence Organizations: Authority, ISA, CNBC, Lodge, European Union, The Locations: Brussels, Kingston , Jamaica, The U.S
Imprisoned Russian opposition politician Alexei Navalny has died, Russian state news agency Tass reported on Friday, citing the prison service of the Yamalo-Nenets region where he had been serving his sentence. The prison service reportedly said the cause of Navalny's death was still to be established. Alexey Navalny's spokesperson, Kira Yarmysh said in a Google-translated update on the X social media platform that "We don't have any confirmation of this yet. Navalny was one of Russian President Vladimir Putin's most vocal critics and had been serving a 19-year jail term. Navalny "felt unwell after a walk, almost immediately losing consciousness," Interfax reported, citing a statement from the office for the prison service of the Yamalo-Nenets region.
Persons: Alexei Navalny, Alexey Navalny's, Kira Yarmysh, Navalny, Vladimir Putin's Organizations: Court, CNBC, Department Locations: Moscow, Russian, Russia, Autonomous Okrug
Swiss Re CEO Christian Mumenthaler gestures during a session of the World Economic Forum (WEF) annual meeting in Davos on January 18, 2024. Insurance giant Swiss Re on Friday reported a sharp upswing in full-year profit, benefitting from what it described as an attractive market environment after a "batch of bad years." The Zurich-headquartered company posted full-year net profit of $3.2 billion, in line with expectations according to an LSEG-compiled consensus. Reinsurance refers to insurance for insurance companies. Looking ahead, Mumenthaler warned that the price of the climate crisis would soon be at the door of consumers for the first time.
Persons: Christian, Christian Mumenthaler, CNBC's, Mumenthaler Organizations: Swiss, Economic, Insurance, Swiss Re Locations: Davos, Zurich, Hurricane, Florida
Picture Alliance | Picture Alliance | Getty ImagesA California-based startup backed by two pioneering scientists, one of whom is a Nobel laureate, believes it is on the cusp of a "quantum leap" in the hydrogen energy race. H2MOF, which was co-founded in 2021, is working to develop a solution for hydrogen storage by deploying the latest advancements in the field of molecularly engineered materials. It says a breakthrough in what it regards as the greatest challenge facing the hydrogen economy is just a matter of time. I would say that in the next couple of years we should be able to make another quantum leap forward. "But I would say that in the next couple of years we should be able to make another quantum leap forward," Yaghi said.
Persons: Fraser Stoddart, Stoddart, Omar Yaghi, H2MOF, That's, Yaghi, H2MOF's, Allen J Organizations: Getty, H2MOF, CNBC, Hydrogen, Los Angeles Times Locations: Germany, California, United States, Japan, Australia, Fountain Valley
U.S. Energy Secretary Jennifer Granholm on Wednesday said the country is "very concerned" about China's grip on the global supply chain for critical minerals. China is the undisputed leader in the critical minerals supply chain, accounting for roughly 60% of the world's production of rare earth minerals and materials. "It's one of the pieces of the supply chain that we're very concerned about in the United States. We do not want to be over reliant on countries whose values we may not share," Granholm told CNBC's Silvia Amaro on Wednesday when asked about China's dominance as a critical minerals supplier. "We know all countries want to ensure that we have a critical stockpile of critical minerals and that we are allowed to diversify the supplies of those stockpiles.
Persons: Jennifer Granholm, Granholm, CNBC's Silvia Amaro Organizations: Energy, Wednesday, International Energy, International Energy Agency Locations: China, United States, Paris, France, U.S, Australia, Canada
Former U.S. president Donald Trump pictured during a meeting with NATO Secretary-General Jens Stoltenberg at Winfield House, London on Dec. 3, 2019. She added that the NATO alliance "allows us to prevent war." The defense spending target is not a requirement and many countries have sought to ramp up their military spending since Russia launched its full-scale invasion of Ukraine. NATO's so-called Article 5 mutual defense clause means that an attack against one NATO member is considered an attack against all allies. "NATO cannot be an 'a la carte' military alliance ... depending on the humor of the president of the U.S.," Borrell said when asked to respond to Trump's comments, Reuters reported.
Persons: Donald Trump, Jens Stoltenberg, NICHOLAS KAMM, Trump, , Vladimir, Dmitry Peskov, Trump's, Joe Biden, Biden, Nikki Haley, Haley, Chris Christie, I've, Jake Sullivan, Dursun, Stoltenberg, NATO Ally, Josep Borrell, Borrell Organizations: U.S, NATO, Winfield House, AFP, Getty, Former, Statista, Russia, Reuters, Top, Democratic, Republican, South Carolina Gov, CBS, NBC News, US National Security, North Atlantic Council, Anadolu Locations: London, Former U.S, South Carolina, Russia, U.S, United States, Brussels, Belgium, Canada, France, Italy, Turkey, Ukraine, NATO's
Metin Atkas | Anadolu Agency | Getty ImagesUkrainian President Volodymyr Zelenskyy is thought to have taken one of his "biggest gambles" yet by replacing his top commander in a dramatic military shake-up. Col. Gen. Oleksandr Syrskyi, one of Ukraine's most experienced commanders who had led the country's ground forces since 2019, was on Thursday appointed the new head of Ukraine's armed forces amid broader military leadership changes. It represents the most significant change to Ukraine's military leadership since Russia launched its full-scale invasion of the country nearly two years ago. In a post on social media platform X, Zelenskyy said he had taken the decision "to renew the leadership" of Ukraine's armed forces and thanked Zaluzhnyi for his two years of service. Urgent change," Zelenskyy said.
Persons: Volodymyr Zelenskyy, Ukrainian Land Forces Oleksandr Syrskyi, Andriy Yermak, Kharkiv Region Oleg Sinegubov, Metin, Gen, Oleksandr Syrskyi, Valeriy, Zelenskyy, Zaluzhnyi, Valerii Zaluzhnyi, Oksana Parafeniuk, Zelenskky, Zaluzhny, Peter Dickinson, Genya Savilov, Dickinson Organizations: Ukrainian Land Forces, Presidential, Military Administration, Anadolu Agency, Getty, Armed Forces, Staff of, Armed Forces of, Washington Post, Russia, Economist, Atlantic Council, Afp Locations: Izium, Kharkiv, Ukraine, Kharkiv Region, Zelenskyy, Russia, Armed Forces of Ukraine, Kyiv, Zelenskky, Ukrainian, Bakhmut, Donetsk
Scientists on Thursday said the world surpassed a key warming threshold across an entire year for the first time on record, calling to slash planet-warming greenhouse gas emissions. The findings do not represent a break of the landmark Paris Agreement, which aims to "limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels" over the long term. But the EU's climate monitor said the data reinforces the need to rapidly reduce greenhouse gas emissions in order to avoid the worst of what the climate crisis has in store. C3S also confirmed that the first month of 2024 was the warmest January on record, with an average surface temperature of 13.14 degrees Celsius — some 0.7 degrees Celsius above the 1991-2020 average and 0.12 degrees Celsius higher than the previous warmest January, logged in 2020. "Rapid reductions in greenhouse gas emissions are the only way to stop global temperatures increasing."
Persons: C3S, Samantha Burgess Locations: Perris , Riverside County , California, Paris
Burbo Bank, Liverpool Bay, England, viewed from the sea turbines on Burbo wind farm off the UK coast. Danish renewables giant Orsted on Wednesday announced plans to cut jobs, pause its dividend payouts to shareholders and exit several offshore wind markets after a tumultuous year of rising costs. Orsted, the world's largest offshore wind developer, said it planned to take steps "to become a leaner and more efficient" organization following a year marked by "substantial challenges." Nipper said the company's financial results had been "adversely affected" by impairments on U.S. offshore projects taken in the third quarter of 2023. Orsted canceled two major offshore wind farm projects in the U.S. late last year, citing high inflation, rising interest rates and supply chain bottlenecks.
Persons: Ørsted, Mads Nipper, Nipper, Orsted Organizations: Burbo Bank, Wednesday, Orsted Locations: Liverpool Bay, England, Danish, Norway, Spain, Portugal, London, Copenhagen, U.S
Argentina's President Javier Milei accused governors of seeking "to destroy" his sweeping economic reform bill, shortly after his ruling party abruptly withdrew the package from the floor of the country's lower house. The so-called "omnibus" bill, which had received support in general terms from opposition lawmakers last week, was rejected on Tuesday during an article-by-article approval process. The package of measures is a core tenet of Milei's push to reform Latin America's third-largest economy. Among other issues, the bill seeks to privatize state entities, increase penalties for social protests and scale back some environmental protections. Milei's Libertad Avanza party has pledged to send the bill back to committees to be debated when governors "understand that it is the people who need it, not the government."
Persons: Javier Milei, Jimena Blanco, Verisk Maplecroft Organizations: National, CNBC Locations: Argentina, Buenos Aires, Americas
Analysts had anticipated net profit of $13.9 billion for full-year 2023, according to an LSEG-compiled consensus. BP posted fourth-quarter net profit of nearly $3 billion, beating analyst expectations of $2.6 billion. BP increased the pace of its share repurchases, announcing intentions to execute a $1.75 billion share buyback prior to reporting first-quarter results. The company said it was committed to announcing a $3.5 billion share buyback for the first half of the year. British rival Shell on Thursday reported stronger-than-anticipated full-year profits, announcing a 4% increase to its dividend and a fresh $3.5 billion share buyback program.
Persons: Murray Auchincloss Organizations: BP, Analysts, Shell Locations: London
If you want to be happy in life, especially as you age, "you have to look at other things besides dreams." Instead, it can mean reorienting yourself towards finding joy in small things, in what you can control and in wanting what you already have. But the work can pay off: Positivity is linked to a longer and healthier life. Small things delight her on a daily basis: Listening to books on tape, taking careful walks, old movies on TV, a scoop of ice cream after dinner. She reminds herself that "everyone has things that don't work out," and that what matters is resilience — being "capable of adjusting your thoughts and dreams."
Persons: Shirley Hodes, Hodes, who's, Ruth Sweedler, Hodes didn't, didn't, couldn't, doesn't Organizations: CNBC Locations: North Carolina
U.S. consumers have cut back on spending this year, and they plan to continue to do so through the holidays, a new CNBC-Morning Consult survey has found. The vast majority of adults (92%) have reduced their spending over the past six months, according to a poll fielded on behalf of CNBC by Morning Consult, a company that conducts survey research to inform decision-making. Consumers remain cautious in their spending and they're being more discerning about where and when to part with hard-earned cash. The most common categories for spending cuts over the past six months were clothing and apparel (63%), restaurants and bars (62%), and entertainment outside the house (56%), a pattern that held steady from our June survey. The next biggest categories for cuts were groceries (54%), recreational travel and vacations (53%) and electronics (50%.)
Organizations: CNBC, Morning Locations: Detroit, Hollywood
A tray of Rolex watches are seen on a dealer's stand at the London Watch Show on March 19, 2022 in London, England. Prices for luxury watches are near a two-year low on the secondhand market, reversing a rally that brought timepieces like Rolex, Patek Philippe and Audemars Piguet to record highs during the pandemic. The average price of a watch sold secondhand has fallen 31% since March 2022, according to WatchCharts, a luxury watch price tracker. At the market's peak, the average price of a luxury watch sold secondhand soared to $45,108, with buyers paying up to five times the retail value for in-demand watches. "It was interesting that the price hike mainly happened among three family-owned brands: Rolex, Patek Philippe and Audemars Piguet.
Persons: Patek Philippe, Audemars Piguet, Paul Altieri, Audemars, Tim Stracke Organizations: London, Rolex Locations: London, England, German
Stocks paying high dividend yields could become "increasingly important" for investors' portfolios, according to Trivariate Research founder and CEO Adam Parker. Energy company Chevron , the largest market-cap company on the list, offers a dividend yield of 3.7%. Almost 50% of analysts covering the stock have either a strong buy or buy rating on shares, according to Refinitiv. Three-quarters of analysts covering the company have either a strong buy or buy rating on shares, per Refinitiv. IBM is another high and steady yielding stock named by Trivariate, with a dividend yield of 4.7%.
Persons: Stocks, Adam Parker ., Morgan Stanley, Parker, Chevron, Philip Morris, Jacek Olczak, — CNBC's Michael Bloom Organizations: Research, Federal, Energy, Chevron, Telecommunications, Verizon, Refinitiv, IBM Locations: FactSet
3M posted $7.99 billion in revenue, beating analysts' estimates of $7.87 billion, according to Refinitiv. Elsewhere, RTX reported second-quarter earnings that topped Wall Street expectations, posting $1.29 in adjusted earnings per share on $18.32 billion in revenue. The home appliance company posted revenue of $4.79 billion, lower than the consensus estimate of $4.82 billion, according to Refinitiv. It did beat on earnings expectations, reporting adjusted earnings of $4.21 per share, higher than the $3.76 estimate. The company notched adjusted earnings per share of $3.29, while analysts estimated $2.70 per share.
Persons: Refinitiv, RTX, it's, Biogen, Morgan Stanley, FactSet, General Motors, Invesco, Andrew Schlossberg, BTIG, Sherwin, Williams, Yun Li, Samantha Subin, Sarah Min, Tanaya Macheel, Brian Evans, Alex Harring Organizations: Spotify, Alaska Air, Pratt & Whitney, Airbus, General, GE, Whirlpool, Revenue, LG Electronics, LG Energy, GM, Refinitiv, UPS, Teamsters, Xerox –, Xerox, Packaging Corp, America, Secure
As corporate earnings season reaches its peak in the coming weeks, Morgan Stanley advises traders to look for certain stock plays. Morgan Stanley chief equity strategist Mike Wilson said in a Monday note that he expects "performance dispersion to rise" as more companies report their earnings. Wilson recommends investors choose stocks that exhibit high earnings quality, strong free cash flow generation and improving earnings revision. Nonetheless, more than 90% of analysts covering the stock rate it a buy, according to Refinitiv. The company is set to report earnings Tuesday before the bell.
Persons: Morgan Stanley, Mike Wilson, Wilson, Morgan, Morgan Stanley's, Dara Mohsenian, — CNBC's Michael Bloom Organizations: Dow Jones, Microsoft, Chevron, ExxonMobil, Health, UnitedHealth, Humana, Elevance, Dow, Health Care, SDPR Fund, Mobile, General Motors, GM, Colgate, Palmolive, Comcast, CNBC Locations: U.S, NBCUniversal
Revenue in the company's product and maintenance category came in at $922.8 million, compared to analysts' estimates for $928.8 million, according to StreetAccount. Whirlpool posted $4.21 in adjusted earnings per share, coming above Refinitiv analysts' estimates of $3.76 earnings per share. The company's projected third-quarter earnings also topped analysts' estimates. F5 Networks — The cloud-based software company's shares popped 7% after posting a top- and bottom-line beat in its fiscal third quarter. Analysts called for $2.86 in earnings per share and revenue of $699 million, according to Refinitiv.
Persons: NXP Organizations: Cadence, Revenue, Whirlpool, Networks Locations: StreetAccount, Revenue
JPMorgan's chief global markets strategist, Marko Kolanovic, advises investors to play commodities against recession risks. Kolanovic named natural gas as his top pick within the commodities sector. Investors can look to the United States Natural Gas Fund LP (UNG) to gain exposure to the commodity; it's down about 48% year to date. The strategist forecasts U.S. natural gas prices to undergo a 25% rally in the next few months on expectations of a supply growth reversal. Backwardation is what happens when the spot price is higher than the price of the approaching futures' contracts.
Persons: Marko Kolanovic, Kolanovic, — CNBC's Michael Bloom Organizations: United States Natural Gas Fund, DB Agriculture Fund, Brent Oil Fund Locations: U.S
… The earth is screaming at us," Washington state Governor Jay Inslee said Sunday on ABC's "This Week." Washington state is switching to electric-powered ferries and stopping the sale of internal combustion cars after 2035, said Inslee. Palm Springs Mayor Grace Elena Garner, who also spoke on "This Week," highlighted the need for further resources from the federal government. She emphasized more funds for housing development are needed to ensure residents don't have to live outside in worsening environmental conditions. The U.S. must lead the climate fight "not just from a moral standpoint, but from [its] self-interest standpoint," Inslee said.
Persons: Bill Forte, Jay Inslee, Joe Biden's, Grace Elena Garner, Garner, Inslee Organizations: North Sky Communications Locations: Pacific, Lake Forest Park , Washington , U.S, U.S, Washington, Springs, Palm Springs
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