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Quiet in the C-suiteThree years ago, corporate leaders openly spoke out against Donald Trump over his role in the Jan. 6, 2021, Capitol attack. But as the former president leads in many polls this time around, most in the C-suite are staying quiet. In 2021, C.E.O.s including Mary Barra of General Motors and Doug McMillon of Walmart publicly urged a peaceful transition of power. Only a handful of executives have publicly supported Trump, who was willing to go after perceived enemies in corporate American when he was in office. It’s highly unlikely that tally will reach 902, the number of times the topics were mentioned in 2020 during the same period.
Persons: Donald Trump, Mary Barra, Doug McMillon, Trump, Biden, It’s Organizations: Capitol, General Motors, Walmart
Learn moreThe July 4 UK election draws ever closer, and tonight's final televised debate between the two party leaders could be essential viewing. If you want to know how to watch the UK election debate online between Rishi Sunak (Prime Minister, Conservative Party) and Keir Starmer (Labour Party leader), we can get you ready in just a few clicks. How to watch UK election debate: quick links UK: BBC1 (FREE)BBC1 (FREE) Access the BBC from outside of the UK with ExpressVPN (try risk-free for 30 days)ExpressVPN (try risk-free for 30 days) When: Today, 3:15 p.m. ET / 8:15 p.m. BST / 9:15 p.m. CEST / 3:15 a.m. AWSTHow to watch UK election debate from outside the UKIf you're outside the UK right now, chances are the UK election debate isn't being broadcast on your local news channels. How to watch the Sunak vs. Starmer with a VPNSign up for a VPN if you don't have one.
Persons: Rishi Sunak, Keir Starmer, Laura Kuenssberg, Clive Myrie, ExpressVPN Organizations: Business, Conservative Party, Labour Party, BBC, CNN, BBC1, ExpressVPN
North Korean trash balloons briefly close Seoul airport runways
  + stars: | 2024-06-26 | by ( ) edition.cnn.com   time to read: +2 min
Takeoffs and landings at South Korea’s Incheon International Airport were disrupted on Wednesday for about three hours before dawn because of balloons launched by North Korea filled with refuse, an airport spokesperson said. North Korea has flown balloons carrying trash into South Korea since late May, with hundreds landing in South Korea. The disruption to domestic and international flights occurred between 1:46 a.m. and 4:44 a.m., and the runways have re-opened since then, Incheon International Airport Corporation said. North Korea has said the balloons are retaliation for a propaganda campaign by North Korean defectors and activists in the South who regularly send over balloons carrying food, medicine, money and leaflets criticizing the North’s leaders. Among the items carried by the North Korean balloons have been articles printed with Hello Kitty characters, badly worn clothing, and soil containing traces of human feces and parasites, South Korea has said.
Persons: Kitty Organizations: South Korea’s, International, Incheon International Airport Corporation, China Cargo, North Locations: South, North Korea, Incheon, South Korea, Korean, Jeju, Shanghai, Yantai, China, Korea, North Korean, Seoul, Gyeonggi
A severe spike in inflation. A plummet in the value of the dollar. The collapse of their biggest clients. The largest banks in America could survive even those dire economic scenarios, according to analysis released by the Federal Reserve on Wednesday. The industry cleared the higher bars, with as close to a clean bill of health as its leaders might have hoped.
Organizations: Federal Reserve, Credit Suisse Locations: America
Transit leaders in New York City are preparing to scale back billions of dollars’ worth of upgrades to the nation’s largest transit network after Gov. Kathy Hochul halted a tolling program that would have paid for improvements and repairs. Gone were plans to make subway stations more accessible to riders with disabilities, repairs to some nearly century-old infrastructure and the expansion of the Second Avenue subway line, among other now-deferred projects. The board has yet to officially revise its capital plans but did pass a resolution on Wednesday to remain prepared to put the congestion pricing program into effect once it gets the green light from Albany. Governor Hochul has not indicated when that might be.
Persons: Kathy Hochul, Hochul Organizations: Gov, Metropolitan Transportation Authority Locations: New York City, Albany
The Vanishing Islands That Failed to Vanish
  + stars: | 2024-06-26 | by ( Raymond Zhong | Jason Gulley | ) www.nytimes.com   time to read: +26 min
The Vanishing Islands That Failed to Vanish Low-lying tropical island nations were expected to be early victims of rising seas. They found that over the past few decades, the islands’ edges had wobbled this way and that, eroding here, building there. No, to understand what really beguiles them about these islands, you need to take a dive into the surrounding sea. Coral reefs Indian Ocean Islands HUVADHOO ATOLL 5 miles Dhigulaabadhoo Coral reefs Indian Ocean Islands HUVADHOO ATOLL 5 miles Dhigulaabadhoo Islands HUVADHOO ATOLL Islands HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL HUVADHOO ATOLL Kandahalagalaa Dhigulaabadhoo HUVADHOO ATOLL Kandahalagalaa Dhigulaabadhoo A map of the Huvadhoo Atoll, a gourd-shaped ring of 241 islands in the southern Maldives. Huvadhoo Atoll is a gourd-shaped ring of 241 islands in the southern Maldives.
Persons: ” Charles Darwin, Darwin, bode, Arthur Webb, Paul Kench, “ I’m, Kench, Webb, Kench’s, Mohamed Aslam, Paul S, Aitana Gea Neuhaus, Gea Neuhaus, ” Ms, , ” Paul Kench, Gerd Masselink, Peter Ganderton, Curt Storlazzi, Tim Scott, Dr, Scott, , it’s, “ They’ve, munch, Storlazzi, Thoriq Ibrahim, Malé, Hariyya Ibrahim, Hariyya, Adam Shakir, Adam, Farhath Ibrahim, Mohamed Muizzu, Hussain Rasheed, Rakeedhoo, Ashiya, Ashiya’s Organizations: Graphics, University of Plymouth, National University of Singapore, Nature Communications, Airbus, Google, United States Geological Survey Locations: Maldives, INDIA, MALDIVES, Polynesia, Micronesia, Indian, Malé, Himandhoo, Huvadhoo, , England, Dhigulaabadhoo, Wade, Plymouth, grinned, Hulhumalé, New City, Sand, City, Towers City, Himandhoo’s, Rakeedhoo
But media companies such as Netflix, Disney and Warner Bros. Those competing truths have led media and entertainment companies to concoct a wide array of strategies to combat the growing threat. John Lamparski | Getty ImagesEarlier this year, YouTube Chief Executive Officer Neal Mohan announced that users watch more than 1 billion hours of YouTube content on TV screens each day. Disney has made bespoke YouTube content for its new preschool series "Disney Junior's Ariel," which debuts June 27, to introduce the mermaid character to kids. That's YouTube 2.0."
Persons: Rich Greenfield, it's, Tara Walpert Levy, Nielsen, John Lamparski, Neal Mohan, Michael Nathanson, Kevin Mayer, Disney, Brittany Broski, LightShed's Greenfield, isn't, John Keeble, Mayer, That's, Ariel, Winnie, " Mayer, NBCUniversal, NBCUniversal's, Nathanson, MrBeast, Jimmy Donaldson, Monica Schipper, we've, Broski, David Livingston, incentivizes, Michelle Khare, Gilbert Flores Organizations: Alphabet's YouTube, Hollywood, YouTube, it's, Netflix, Disney, Warner Bros, Getty, Google, Comcast, Media, ExCel, Entertainment, Bloomberg, Amazon, Nickelodeon, HBO, Penske Media Locations: U.S, , York, Hollywood, London, That's, Los Angeles, Brittany, Anaheim , California, AdSense
But the figure of former President Jacob Zuma and his new political party uMkhonto – or simply “MK” – provoked more reaction. Jerome Delay/APMoreover, according to Herman, pro-Zuma conspiracy theories and propaganda, some with Russian fingerprints, had been flooding South African social media in the lead-up to the election. And even as Zuma takes pages from Trump’s playbook, South Africans may be telling a different narrative. Facing pressure, Zuma resigned as South African president in 2018. Though some South Africans still admire the US’ capitalist spirit, I find that the South African friends who visit me in the US don’t always feel at ease anymore.
Persons: Sean Jacobs, Cape Town CNN —, Read, Nelson Mandela –, Jacob Zuma, uMkhonto, , , Herman Wasserman, Herman, Zuma, Donald Trump’s, Jerome Delay, Trump’s, Mandela, Michele Spatari, Duduzile, Jacob Zuma's, MK’s, Zuma’s, , jestingly liken Donald Trump, Jacob Zuma of, Putin, playbook, Nelson Mandela, Alexander Joe, Trump, “ I’ve, it’s Biden, won’t Organizations: CNN, New School, Cape Town CNN, African National Congress, Zulu, Stellenbosch University, Former South, ANC, Getty, Democratic Alliance, DA, South, Trump, Jacob Zuma of America, Durban, International Court of Justice, Global Locations: Africa, South Africa, Stellenbosch, Cape Town, America, Taiwan, Germany Riding, United States, Orlando, Soweto, Johannesburg, Trump’s playbook, South, Robben, Orange Farm, AFP, Cape, Durban, Russia, States, China, Israel, New York City
Support from North Korea — in the form of weapons and ammunition — helps Russia keep up the pressure. KCNA via REUTERSOne of the biggest asks from Kim could be technology for nuclear-powered submarines, which North Korea is trying to build. North Korea currently maintains one of the world's largest fleets, with estimates ranging from 64 to 86 total subs. Much of the country's stockpiles date back decades, and US and South Korean officials have raised doubts about the effectiveness of these weapons. AdvertisementBut how this plays out is not all about what North Korea wants.
Persons: , Kim Jong, Kim, Putin, Victor Cha, Kim Jae, Getty Images Putin, Cha, JUNG YEON, Kurt Campbell, There's, Scott Snyder, he's Organizations: Service, Business, Center for Strategic, International Studies, East, SOUTH, Getty Images, North Korea —, KCNA, REUTERS, Korean, Fighter, Korean People's Army, Reuters, Korea's Air Force, North, CSIS, Korea Economic Institute of America Locations: Korea, Ukraine, Moscow, Pyongyang, Russia, Asia, East Asia, North Korea, SEOUL, SOUTH KOREA, Yongsan, Seoul, Russian, South Korea
New York CNN —A federal judge overseeing a $30 billion preliminary swipe-fees settlement between Mastercard, Visa and retailers formally rejected the deal Tuesday. Mastercard and Visa, two of the world’s largest credit card networks, reached their proposed multi-billion antitrust settlement with US merchants in March. But a memo released by the court on Tuesday said that she was “not likely to grant final approval” to the preliminary settlement absent any changes. The proposed settlement would have lowered those fees by at least 0.04% percentage points for a minimum of three years. What the preliminary settlement entailedThe proposed settlement, which hinged on final approval from the Eastern District of New York, resulted from a longstanding antitrust class-action lawsuit in 2005.
Persons: Judge Margo Brodie, , colluded, , Christopher Jones, , ” Jones, Tuesday’s, Judge Brodie, RILA Organizations: New, New York CNN, Mastercard, Visa, Court, of, Merchants Payments Coalition, Main, Retail Industry, Association, Target, Dollar Locations: New York, Eastern, of New York
The police used live fire and tear gas on protesters who marched on the Parliament building in an attempt to stop a vote on a contentious finance bill. The police used tear gas in an attempt to keep the protesters from approaching Parliament, and the sound of live fire rang out. Before Tuesday’s demonstration, several activists who are prominent critics of the bill were abducted, according to the Law Society of Kenya. But protesters have denounced other taxes, including on imported goods, and have urged the government to abandon the draft legislation. Image President William Ruto promised to be a champion of the poor, but critics say his administration has been marred by extravagant spending.
Persons: Faith Odhiambo, Odhiambo, Martha Koome, , Kasmuel McOure, William Ruto, Urs Flueeler, Ruto, Instagram, Mike, , Kimani Ichung’wah, It’s, Anita Barasa, McOure, Mr Organizations: Amnesty International, Law Society of Kenya, Mr, Kenyan, Observers, KFC, Protesters Locations: Nairobi, Kenya, East, reneging,
“He wants the credit, but it’s not working,” one top Democrat, who recently shared these concerns with the campaign, said of Biden. Biden and Trump square off in the first presidential debate at 9 p.m. As a result, the economy has become both the biggest priority for voters and their biggest frustration with the incumbent president. You want people to know you’re doing a really good job,” one major donor told CNN. “I think Biden can’t help but talk about what a good job he’s done.”CNN’s MJ Lee contributed to this report.
Persons: Joe Biden’s, Donald Trump, , it’s, Biden, they’ve, Biden’s, Ron Klain, Klain, That’s, Racine , Wisconsin –, Trump, – Biden, “ We’ve, ” Biden, CNN’s Erin Burnett, Bidenomics ”, “ Donald Trump, Joe Biden, he’s, Snickers, CNN’s MJ Lee Organizations: Washington CNN, White, America, Trump, CNN, Federal Reserve, ABC, Biden, Biden White House Locations: Racine , Wisconsin
The company on Tuesday announced a set of new safety features, including expanded warning pop-ups that appear when a teen receives a message from someone they don’t share mutual friends with or have in their contacts. And Snapchat will now prevent the delivery of friend requests for teens to or from an account that they don’t share mutual friends with that is also located in regions often associated with scammers. Meta in April also announced new features aimed at combating sextortion, including informing users when they’ve interacted with someone who engaged in financial sextortion. Now, when a user blocks another account, any new accounts created on the same device will also automatically be blocked. The updates build on Snapchat’s existing teen safety features, which include a “Family Center” where parents can supervise the behavior of 13- to 17-year-old users, and mechanisms for removing age-inappropriate content.
Persons: New York CNN —, aren’t, ” Snapchat, Jacqueline Beauchere, sextortion, they’ve Organizations: New, New York CNN, CNN, Meta, Prevention Locations: New York
For years, Russia covertly propped up authoritarian leaders, exploited natural resources and fought extremists in a number of African countries. Russia worked through the Wagner group, a shadowy web of political advisers, entrepreneurs and mercenaries. Wagner was led by Yevgeny V. Prigozhin, a ruthless tycoon who was once a close ally of President Vladimir V. Putin of Russia. But after Mr. Prigozhin led a short-lived mutiny against Mr. Putin in June last year, Mr. Prigozhin was killed in a plane crash. The Russian Ministry of Defense has taken control of Wagner’s mercenary arm in Africa and placed it under a bigger umbrella group, Africa Corps.
Persons: Wagner, Yevgeny V, Vladimir V, Putin, Prigozhin Organizations: Mr, Russian Ministry of Defense, Africa Corps Locations: Russia, Western, Ukraine, Africa
An oil tycoon convicted of cheating and instigating forgery is selling his mansion in Singapore for $32 million. In land-scarce Singapore, Good Class Bungalows — mansions on private land — are a trophy among the ultrawealthy. AdvertisementA former oil tycoon convicted of cheating and instigating forgery is selling his mansion in Singapore for $43 million Singapore dollars, or $32 million. Lim Oon Kuin, the founder of the collapsed oil firm Hin Leong Trading, is putting his Good Class Bungalow in Tanglin Hill, one of the city's wealthy enclaves, for sale. The largest and most expensive type of landed home available in Singapore is known as a Good Class Bungalow, or GCB.
Persons: Shou Zi Chew, James Dyson, , Lim Oon Kuin, Hin Organizations: Good, Service, Hin Leong, Business Locations: Singapore, Tanglin Hill
Rivian and VW join up to design vehicle software
  + stars: | 2024-06-25 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +3 min
CNN —Rivian and Volkswagen Group are forming a joint venture to create vehicle software, the two companies announced Tuesday. The two automakers did not provide a name for the new joint venture company or name its leadership team. Rivian’s fundamental vehicle software design is expected to provide the basis for the new company’s software. The technologies designed by the company will include both the user-interface software that runs things like the entertainment system and gauges and deeper vehicle software that interacts with things like the vehicle’s motors. VW already has its own vehicle software subsidiary, Cariad, and that company will continue with its work, VW chief executive Oliver Blume said on a conference call.
Persons: CNN —, RJ Scaringe, that’s, , Scaringe, it’s, Oliver Blume, what’s, Blume, ” Scaringe Organizations: CNN, Volkswagen Group, VW, Volkswagen, Porsche’s, Porsche Locations: Georgia, Atlanta
China's Premier Li Qiang speaks during the 54th annual meeting of the World Economic Forum in Davos, Switzerland, January 16, 2024. Denis Balibouse | ReutersDALIAN, China — Chinese Premier Li Qiang on Tuesday defended the country's technological development while criticizing efforts to restrict global cooperation. His remarks, at the opening of the World Economic Forum's "Summer Davos" meeting in Dalian, China, came amid rising tensions with the EU over imports of Chinese electric cars. Andrzej Duda, president of Poland, and Pham Minh Chinh, prime minister of Vietnam, gave remarks after Li. The Chinese premier held state-level meetings in China with the two leaders ahead of the "Summer Davos."
Persons: Li Qiang, Denis Balibouse, Li, Andrzej Duda, Pham Minh Chinh, Duda Organizations: Economic, Reuters, EU Locations: Davos, Switzerland, Reuters DALIAN, China, Dalian, U.S, Poland, Vietnam, Beijing, Washington
After three sessions of heavy rotation out of tech and AI winners and into other areas of the market, the market has shifted back to tech and momentum leaders. So when cracks are forming in other areas of the market, investors quickly return to where the growth is the strongest: tech. Stress tests: With the annual bank stress test results due out Wednesday after the bell, Jefferies took a look at how bank stocks have fared since 2021 immediately following the release. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. The new Ford F-150 truck goes through the assembly line at the Ford Dearborn Plant on April 11, 2024 in Dearborn, Michigan.
Persons: Jim Cramer, John Rainey, Cramer, Ford, Jefferies, Wells Fargo, General Mills, — Morgan Chittum, Jim Cramer's, Jim, Bill Pugliano Organizations: CNBC, Corp, Supply, Pool Corp, Walmart, Union Pacific, Micron, Nvidia, Federal Reserve, Jefferies, FedEx, United States Postal Service, Jim Cramer's Charitable, Ford, Ford Dearborn Plant, Getty Locations: London, Dearborn , Michigan
The highest-paid CEOs don't all lead the world's biggest companies. On Monday, C-Suite Comp published its list of the highest-paid CEOs of 2023 based on "total compensation granted," a measure that includes executives' salaries, bonuses, perks and stock options, among other factors. CEOs often receive restricted stock or options as a significant part of their compensation, the value of which can fluctuate based on the company's performance and market conditions. This new measure of executive earnings, dubbed "compensation actually paid" under SEC rules, is designed to help stakeholders better understand how executive pay aligns with the company's financial performance. Here's how much the U.S.'s best-paid CEOs are being awarded, as of 2023:
Organizations: Apple, Blackstone, Securities and Exchange Commission, SEC Locations: U.S
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Before Tuesday’s demonstration, several activists who are prominent critics of the bill were abducted, according to the Law Society of Kenya. The abductors’ identities were not publicly known, but some were believed to be intelligence officers, said the Law Society’s president, Faith Odhiambo. Lawmakers in Parliament are set to debate and vote on proposed amendments to the bill on Tuesday. President William Ruto’s governing alliance has enough votes to pass it, although opposition leaders have rejected the measure in its totality. Once the bill has parliamentary approval, Mr. Ruto can sign it into law or send it back for amendments.
Persons: Faith Odhiambo, William Ruto’s, Ruto Organizations: Amnesty International, Law Society of Kenya Locations: Kenya, East
DETROIT – General Motors' Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO. His appointment comes at a crucial time for Cruise, which is testing and relaunching its autonomous vehicles on public roadways. Following the incident, several key leaders, including Cruise CEO and co-founder Kyle Vogt, departed the company. The probe also investigated allegations of a cover-up by Cruise leadership, but investigators did not find evidence to support those claims. Cruise was a crucial part of GM's plan to double revenue to $280 billion by the end of this decade.
Persons: Marc Whitten, Whitten, Kyle Vogt, Marc, Mary Barra, Cruise, Rowe Price, Nick Mulholland, Craig Glidden, Glidden, Grant Dixton, Dixton, Mary Organizations: DETROIT, Motors, Amazon, Microsoft, Cruise, GM, Honda Motor, Walmart, Rivian, Activision Blizzard, Boeing Locations: San Francisco, Phoenix , Houston, Dallas, Dubai
Nvidia stock reversed a three-day drop, boosting the S&P 500 and Nasdaq. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn end to Nvidia's rout brought new life to the stock market on Tuesday, sending the S&P 500 and Nasdaq churning higher in the session. Investors are keeping watch for Friday's personal consumption expenditures release, which will help determine US inflation and future monetary policy.
Persons: Michelle Bowman, there's, , Jeffrey Roach Organizations: Nasdaq, Service, Nvidia, Amazon, Google, Financial, Investors, Federal Reserve Locations: Here's
Singapore Airlines is no longer the best airline in the world as Qatar Airways now holds the top spot, according to air transport rating firm Skytrax. Singapore Airlines is now in second position on the ranking, Skytrax announced Monday, followed by Emirates in third place which is one spot higher than last year. A series of other awards were presented by Skytrax alongside the top airlines ranking, including regional breakdowns and awards for different types of flights. Overall winner Qatar Airways was also voted the world's best business class and the top airline in the Middle East, while second-placed Singapore Airlines topped the lists for the world's best cabin crew and best first class, as well as the best airline in Asia. Delta Air Lines topped the North America regional top ten, followed by Air Canada, United Airlines, Porter Airlines and Air Transat.
Persons: Tom Bradley, Skytrax, Scoot Organizations: Lufthansa Group, Emirates, Austrian Airlines, British Airways, Tom, Los Angeles International Airport, Singapore Airlines, Qatar Airways, U.S, Delta Air Lines, Malaysia's AirAsia, North America, Air Canada, United Airlines, Porter Airlines, Air Transat Locations: El Segundo , California, Asia, United, Canada, U.S
CNN —The Israeli Supreme Court issued a ruling on Tuesday ordering the government to draft ultra-Orthodox Jews into the military. Since Israel’s founding, ultra-Orthodox Jews have been exempt from mandatory military service. Some do, but far fewer than most Israeli Jews. Technically, the military service exemption applied to young men who were actively studying at a yeshiva. In essence, the court said that the ultra-Orthodox could not be treated differently from other Israeli Jews.
Persons: , , Staff Herzi Halevi, ” Gilad Malach, , General Gil Limon, Netanyahu Organizations: CNN, Israel Democracy Institute, Shas, Israel Defense Forces ’, Staff, IDF, United, Likud Locations: Israel, Gaza, Lebanon
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