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“Army officials stated that these low mission capable rates, along with the smaller size of the watercraft fleet after divestment, hinder operational readiness and the ability to meet mission requirement,” the report said. After the temporary pier mission ended — the pier was only operational for roughly 20 days in total with a cost of $230 million — the military requested civilian contractor support in bringing the Army’s vessels back to the US. The US military said four of its vessels, supporting a temporary pier built to deliver aid to Gaza by sea, had run aground in heavy seas. The GAO report also said the Army is considering leasing civilian watercraft to bolster its existing fleet and moving all of its watercraft to the Pacific. Ultimately, the Army watercraft is “how the ground force, the Army, gets to war,” Butler said.
Persons: , , Cynthia Smith, Smith, ” Col, Dave Butler, Randy George, ” Butler, Oren Ziv, Army “, Christine Wormuth, Wormuth, Butler Organizations: CNN, US Army, “ Army, Army, Getty, GAO, Army Futures Command, US Army Pacific, Pacific Command Locations: Gaza, Pacific, Ashdod, Japan, Hawaii
Almost half of the containers bound by freight rail out of the Port of Los Angeles are waiting nine-plus days to get out of the port and onto the rail. In September, the Port of Los Angeles moved a total of 954,706 twenty-foot equivalent units making the month its best September ever. "This is not impacting port operations," said Seroka. "We want to make sure we improve on all port operations. In September, the Port of Long Beach moved 829,499 twenty-foot equivalent units.
Persons: Mario Tama, Gene Seroka, Seroka, Donald Trump, Mario Cordero, Cordero, Matt Shay Organizations: Union Pacific Intermodal, Getty, San, Port, CNBC, U.S, Republican, National Retail Federation, Target, Walmart Locations: Los Angeles , California, West, of Los Angeles, San Pedro, LA, Long, Port of Long Beach, of Long, lading, Port of Los Angeles
The previous record from the 2014 to 2017 mass bleaching affected just below 66% of the world’s reef area. Triggered by heat stress in warm oceans, coral bleaching occurs when corals expel the colourful algae living in their tissues. A bleached coral is not dead, but ocean temperatures need to cool off for any hope of recovery. “We’ve never had a coral bleaching event this big before.”In just the last six weeks, bleaching has been confirmed in the waters of Palau, Guam and Israel. What are we going to do about it?” said Emily Darling, who leads the Wildlife Conservation Society’s global coral reef conservation programme.
Persons: Derek Manzello, Sirachai Arunrugstichai, Lillian Suwanrumpha, Manzello, “ We’ve, , Emily Darling, El Niño Organizations: CNN, National Oceanic, Atmospheric Administration, Reuters, NOAA, Reef, Getty, , United Nations, Wildlife Conservation Locations: Trat, Thailand, Raja Ampat, Indonesia's West Papua, AFP, Palau, Guam, Israel, Caribbean, South China, Colombia
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Better-than-expected growth for ChinaChina's third-quarter gross domestic product expanded by 4.6% year on year, according to the National Bureau of Statistics. Chinese and U.S. retail sales going strongChina's retail sales for September grew 3.2% from a year ago, said the National Bureau of Statistics. Across the Pacific Ocean, retail sales in the U.S. rose a seasonally adjusted 0.4% for September.
Persons: Dow Jones, Pat Gelsinger, Altera Organizations: CNBC, China, National Bureau of Statistics, Dow, Dow Jones, Nasdaq, Intel, U.S . Federal Reserve Locations: U.S, Asia, Pacific, Shanghai
NATO officials say they are preparing for the US to take on a lesser role. “I’m very worried,” the NATO official said. But that mechanism, known as NATO Security Assistance and Training for Ukraine, is not yet fully operational and won’t be for several more months, another NATO official said on Friday. Russia alone is producing around 3 million munitions per year, while NATO collectively is producing less than 2 million annually, NATO officials said on Thursday. NATO Secretary General Mark Rutte said on Thursday that he was confident the alliance “will not lose” its unity when it comes to Ukraine.
Persons: Donald Trump, Defense Lloyd Austin, Volodymyr Zelensky, , Joe Biden, Austin, Trump, Biden, James O’Brien, O’Brien, , ” Austin, Russia It’s, Mark Rutte, Vladimir, Putin Organizations: Brussels CNN, NATO, Defense, Ukraine, Trump, , NATO Security Assistance, Training, State, Eurasian Locations: Brussels, Ukraine, Iran, North Korea, China, Russia, , Europe, NATO, EU, Hungary, Riga, ” North Korea, Moscow, Korea, Kyiv,
The skyline of the central business district in Beijing on August 13, 2019. (Photo by WANG Zhao / AFP)Asia-Pacific markets opened mixed Friday, as investors awaited key economic data from China and assessed Japan's inflation numbers. China's third-quarter GDP is expected to come in at 4.5%, as estimated by economists in a Reuters poll, compared with 4.7% growth in the prior quarter. China is set to release its house prices index for September at 9:30 a.m. local time. Japan's headline inflation for September came in at 2.5%, while core CPI — which excludes fresh food prices — rose 2.4% year on year compared with Reuters estimates of 2.3%.
Persons: WANG Zhao Locations: Beijing, AFP, Asia, Pacific, China
Thursday marks one year since four Pepperdine University students were struck and killed in a high-speed crash along Pacific Coast Highway. Pepperdine students, including the slain women’s sorority sisters and friends, continue to grieve their deaths while trying to honor their legacy by fixing the dangerous roadway where they were killed. It may have been a year since the deadly crash, but Pepperdine Alpha Phi sisters are still honoring the lasting impacts the four students left behind while struggling to cope with pain and grief. “Asha was so smart,” Halia Hansen, Vice President of Marketing for Alpha Phi and another close friend, said. “She would always have a smile on her face whenever I would see her.” Hannah Schendel, Pepperdine Alpha Phi President said.
Persons: Niahm Rolston, Peyton Stewert, Asha Weir, Deslyn Williams, “ I’ll, , Hannah Allen, , ” Allen, Deslyn, , Allen, Georgia Puckett, she’s, ” Puckett, birthstone, Asha, ” Asha, “ Asha, Halia Hansen, Charlie Robinson, Peyton, ” Robinson, “ I’m, I’ve, I’m, “ I’ve, ” Niahm Rolston, ” Hannah Schendel, Schendel, Niamh, ” Hansen, ” Schendel, Gavin Newsome Organizations: Pepperdine University, Authorities, Pepperdine, Pepperdine Alpha Phi, New Member Education, Alpha Phi, Marketing, Starbucks, “ Alpha Phi International Locations: Malibu
The Israeli military on Thursday said it was investigating the "possibility" that Hamas leader Yahya Sinwar was among three militants killed in an operation in the Gaza Strip. The Israeli Defense Forces added that the identity of the three casualties could not be confirmed at this time. "The forces that are operating in the area are continuing to operate with the required caution," it added in a social media post. In a social media update posted after the IDF communication, Israeli Defense Minister Yoav Gallant said, "You will pursue your enemies and they will fall before you by the sword. Sinwar assumed overall command of the Iran-backed Hamas in August, following the assassination of former political chief Ismail Haniyeh.
Persons: Yahya Sinwar, Yoav Gallant, John Kirby, Washington, Sinwar, Ismail Haniyeh, Israel, Benjamin Netanyahu, Houthis, Hassan Nasrallah Organizations: Israeli Defense Forces, CNBC, Israeli, National Security, NBC News, Hezbollah Locations: Gaza, Iran, Israel, Tehran, Lebanese, Beirut, U.S, Asia, Pacific
Geopolitics is the biggest challenge for Hong Kong: Economist
  + stars: | 2024-10-17 | 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 EmailGeopolitics is the biggest challenge for Hong Kong: EconomistLe Xia, Chief Economist for Asia-Pacific at BBVA, discusses Hong Kong Chief Executive John Lee's annual policy address, saying greater access to fund flows and lower interest rates will be positive for the economy.
Persons: Le Xia, John Lee's Organizations: Hong Kong, BBVA Locations: Hong, Asia, Pacific
US Army soldiers are training to operate at night in the challenging jungle environment of the Pacific. During a recent war game, soldiers engaged in a long-range maritime air assault to seize an airfield at night. US Army Pacific held its large-scale annual Joint Pacific Multinational Readiness Center training rotation in Hawaii earlier this month. During this year's JPMRC rotation in Hawaii, soldiers executed a long-range maritime air assault involving around 300 soldiers traveling to seize an airfield 200 miles away in the middle of the night. Tiffany BanksBut night operations, Evans said, are a "perishable skill," meaning if troops don't continue to test it, they'll lose it.
Persons: , USARPAC, Marcus Evans, Evans, JPMRC, Tiffany Banks, Sgt Organizations: Army, Service, US Army, US Army Pacific, Pacific Multinational Readiness Center, U.S, US, 25th Infantry Division, U.S . Army, Staff, U.S . Air National Guard, JPMRC, Pentagon Locations: Hawaii, Alaska, Philippines, Ukraine, JPMRC, China
The Pentagon disclosed that B-2 stealth bombers were involved in the operation. AdvertisementThe US military carried out a series of airstrikes against the Iran-backed Houthi rebels in Yemen on Wednesday, using B-2 stealth bombers to hit targets underground. The US bases the heavy strategic bombers at Whiteman Air Force Base in Missouri. AdvertisementBefore the emergence of the new B-21 Raider, the B-2 was, for decades, the only stealth bomber. The Air Force describes the MOP as a heavy munition that can accomplish "difficult" and "complicated" missions of reaching enemy weapons stored in well-protected sites.
Persons: , Defense Lloyd Austin, Austin, Vincent De Groot, Northrop Grumman, Matthew S, Domingos Mark Gunzinger, Samantha White Organizations: Pentagon, Service, Defense, Navy, US Air Force, US Air National Guard, The Air Force, Northrop, Whiteman Air Force Base, Raider, Air Force, Islamic, U.S . Air Force, Mitchell Institute for Aerospace Studies, Boeing, Air Locations: Yemen, Iran, Gulf of Aden, United States, Missouri, Soviet, Australia
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets rise on upbeat earningsU.S. stocks resumed their advance Wednesday, as Morgan Stanley and United Airlines earnings topped estimates. The ministry also announced that bank loans to developers will be speeded up and nearly double to 4 million trillion yuan by the end of 2024, from the 2.23 trillion yuan already approved. [PRO] A shining sector that's not tech nor utilitiesBig Tech stocks, fueled by excitement over generative artificial intelligence, have been responsible for most of this year's rally in the market. But there's a new group of stocks that's fast becoming one of the best-performing sectors for the year.
Persons: Morgan Stanley, it'd, CSAC Organizations: CNBC, United Airlines, CSI, Beijing, ECB, European Central Bank, Intel Intel, Cybersecurity Association of China, Officials, Big Tech Locations: Asia, Pacific
A flag of Japan flies near cargo containers at Tokyo's Odaiba Waterfront on August 6, 2020. Asia-Pacific markets opened higher on Tuesday, following gains on Wall Street that saw the Dow Jones Industrial Average reach a record close amid a strong start to the earnings season. Japan's exports fell 1.7% in September compared to the same period last year, surprising economists polled by Reuters who expected a 0.5% growth rate. It's the first time that exports contracted this year and was down sharply from a revised growth rate of 5.5% in August. September's import growth came in at 2.1% also missing expectations of economists who expected growth of 3.2%.
Persons: Topix Organizations: Dow Jones, Investors, Nikkei, Reuters Locations: Japan, Asia, Pacific, Australia
Los Angeles Associated Press —Mitzi Gaynor, the effervescent dancer and actor who starred as Nellie Forbush in the 1958 film of “South Pacific” and appeared in other musicals with Bing Crosby, Frank Sinatra and Gene Kelly, has died. “Your love, support and appreciation meant so very much to her and was a sustaining gift in her life.”Mitzi Gaynor in 1959. Evening Standard/Hulton Archive/Getty ImagesHer entertainment career spanned eight decades across film, television and the stage, but she is best remembered for her turn in “South Pacific.”The screen version of “South Pacific” received three Academy Award nominations, and won for best sound, while Gaynor was a best actress nominee for a Golden Globe. Later in her career, Gaynor reinvented herself as a performing entertainer. Gaynor and Bean married in 1954 and in 1960 bought a spacious house in mid-Beverly Hills that became their home until his death in 2006.
Persons: Angeles Associated Press — Mitzi Gaynor, Nellie Forbush, Bing Crosby, Frank Sinatra, Gene Kelly, Gaynor, Rene Reyes, Shane Rosamonda, ” Reyes, Rosamonda, ” Mitzi Gaynor, Pacific ”, Jack Bean, Francesca Marlene de Czanyi von Gerber, Mitzi, Marlene, Bean Organizations: Angeles Associated Press, Pacific, Associated Press, Hulton, Globe, Beverly, Hollywood Locations: Los Angeles, “ South, Las Vegas , Florida, U.S, Canada, England, Australia, Chicago
CNN —Election Day is a few weeks off, but Americans are voting every day, either early at a polling place or by mail. At CNN, we get access to your early voting data. We don’t see early voting in the volume and the numbers that we saw in 2020. After this conversation took place, Georgia’s election officials announced there had been record-breaking turnout on the first day of early voting in that state. People wait in line to cast their vote during early voting at City Hall in Philadelphia on October 7, 2020.
Persons: Michael Frias, FRIAS, Catalist, it’s, we’re, Donald, Trump, Kamala, Harris, you’ve, you’re, That’s, There’s, who’s, Richard Burkhart, don’t, Gabriella Audi, It’s, banting, they’re Organizations: CNN, Republicans, District of Columbia, Pacific Islanders, Voters, Savannah Civic Center, Savannah Morning, USA, Democrat, Republican Party, Democrats, City Hall, AFP, Getty, Republican Locations: Catalist, United States, , Georgia, Savannah, York, California, Philadelphia, Pennsylvania, Michigan, Wisconsin, midterms
Inside Blackstone's growing 'credit juggernaut'
  + stars: | 2024-10-17 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +7 min
Private lending is now Blackstone's largest business by assets, up 22% since last year. Inside Blackstone's growing "credit juggernaut." By contrast, Blackstone's private-equity business manages $344.7 billion, and its real-estate investing arm, the firm's largest business at the start of the quarter, has $325.1 billion. The largest third-party lenderWhile Blackstone now claims to be the largest third-party credit provider, Apollo is the largest non-bank lender with $562 billion in private credit assets under management. Blackstone's private credit arm has generated 16.7% in returns over the last twelve months, though falling interest rates "put some pressure on absolute returns," Gray said.
Persons: Jon Gray, , Blackstone, Jonathan Gray, CLOs, Gray, Steve Schwarzman, that's, We're, It's, Schwarzman Organizations: Service, Blackstone, Canada, Plan Investment Locations: New York, Asia, Pacific
Below, I share more about my experience using espresso machines from Nespresso, De’Longhi and Breville during a two-month testing period. SKIP AHEAD Get to know the machines | How I tested the espresso machines | Set up | Usage | Cleanup | Final verdict | Why trust NBC Select? (Nespresso machines are not compatible with any other brands’ pods.) Coffee options: espresso, double espresso, gran lungo, coffee, XL | Coffee compatibility: Nespresso pods | Type of grinder: none (it uses pre-ground coffee pods) | Included accessories: none | Machine size: 8.6 x 14 x 10.4 in. Coffee options: espresso, coffee, americano | Coffee compatibility: whole beans, ground coffee | Built-in grinder: yes | Included accessories: coffee scoop, cleaning kit, water hardness test | Machine size: 9.25 x 17 x 14 in.
Persons: Matte Black, won’t, Bianca Alvarez, They’re, Nespresso, Olivia Ott, it’s, It’s, TikTok Organizations: NBC, Bluetooth, americano, YouTube, Facebook, Twitter Locations: White, americano, New York City, New York, frother
For example, it will cost $137.39 (after tax) to add the Premier Pass to an Animal Kingdom park ticket on a less busy day. EPCOT’s pass would cost more, Hollywood Studios a bit more than that, with the most expensive Premier Pass at Magic Kingdom. To buy a Premier Pass for the Magic Kingdom park on a very busy day such as Christmas would cost $478.19 (after tax) in addition to your park ticket. At Universal Studios Hollywood, which has one theme park with 17 express lines, this pass can cost anywhere from $80 to $170 (not taxable) in addition to the theme park ticket price. The Premier Pass is “priced for someone for whom the time-money tradeoff is different,” Munsil said.
Persons: CNN —, , Disney, EPCOT’s, Allen J, what’s, CNN Don Munsil, Munsil, ” Munsil Organizations: CNN, Lightning, Disney, Walt Disney World, Disneyland, Hollywood Studios, Magic Kingdom, Los Angeles Times, Disney Food, The Universal Studios, Universal, Busch Gardens, Universal Studios Hollywood, Universal Resort Orlando, Universal Orlando, Royal Pacific Locations: Florida, California, Animal, Animal Kingdom, Magic, Disney California, , SeaWorld, Portofino
WASHINGTON — The United States is “concerned” by reports of North Korean soldiers fighting for Russia in Ukraine, a White House spokesperson said Tuesday. Ukrainian President Volodymyr Zelenskyy this week accused North Korea of transferring personnel to Russia’s armed forces, saying his intelligence agencies had briefed him on “the actual involvement of North Korea in the war” in Ukraine. The Kremlin has dismissed the allegation as “fake news.”White House National Security Council spokesperson Sean Savett said the involvement of North Korean troops in Ukraine, if true, would mark a significant increase in the North Korea-Russia defense relationship. Washington says North Korea has supplied Russia with ballistic missiles and ammunition. Russian President Vladimir Putin signed a treaty with North Korean leader Kim Jong Un when he visited Pyongyang in June, and said it included a mutual assistance clause under which each side agreed to help the other repel external aggression.
Persons: WASHINGTON, Volodymyr Zelenskyy, , Sean Savett, ” Savett, Charles Flynn, , Vladimir Putin, Kim Jong Un Organizations: National Security, Ukraine, North, Center, New, New American Security Locations: United States, Russia, Ukraine, Korea, North Korea, Washington, Moscow, Pyongyang, U.S, New American, Russian
Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. Asia-Pacific markets opened lower Wednesday, with Japan's Nikkei leading losses, following declines on Wall Street. New Zealand reported that its consumer prices index for the third quarter rose 2.2% year on year, in line with economists' expectations in a Reuters poll. It climbed 0.6% on quarter, slightly lower than the anticipated 0.7%. South Korea's seasonally-adjusted unemployment rate came in at 2.5% in September, compared to 2.4% in August.
Organizations: Japan's Nikkei, State, Traders, New Zealand Locations: Beijing, China, Asia, Pacific, New, South
Their task is to “strengthen and develop” their strategic partnership, the Russian defense chief added. Russia and China have been bolstering their security coordination in the face of shared frictions with the West. Belousov also held talks a day earlier with Chinese Defense Minister Dong Jun, who ranks below Zhang in China’s military hierarchy. Belousov’s arrival in Beijing Monday coincided with China’s military flying a record number of fighter jets and other warplanes around Taiwan during large-scale military drills. China said the drills were intended as a “stern warning” to what it described as pro-independence forces in Taiwan.
Persons: that’s, Andrey Belousov, Zhang Youxia, Xi Jinping, That’s, Zhang, Xi, Vladimir Putin, Belousov, Dong Jun, Andrei Belousov, Wang Yi, Putin, Lai Ching Organizations: Hong Kong CNN, US, China’s, Military Commission, Tass, China’s Defense Ministry, Chinese Defense, Russia's Defense, China's, Russian Defence Ministry, Reuters China’s Ministry of Foreign Affairs, Canadian Locations: China, Hong Kong, Beijing, Russia, Washington, Russian, Kazan, BRICS, Moscow, Ukraine, Ocean, Alaska –, South China, Taiwan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHong Kong needs to diversify and build 'growth engines': EconomistAlicia Garcia-Herrero, Chief Economist for Asia Pacific at Natixis, talks about key challenges that Hong Kong faces, adding that the city's economy needs to be diversified further to attract talent and drive future growth.
Persons: Alicia Garcia Organizations: Hong, Asia Pacific Locations: Hong Kong, Natixis
Troops focused on how to be "small and undetectable" in the electromagnetic spectrum, a commander said. The Ukraine war has demonstrated the challenges of remaining hidden from enemy sensors and electronic warfare. It is also grappling with the expanding sensor threat and the realization that individual soldier, vehicle, and device emissions can be detected in the electromagnetic spectrum. AdvertisementRemaining hidden in the electromagnetic spectrum is a challenge, though, and completely invisible isn't an option. AdvertisementMuch of the Army's recent focus on electronic warfare and the electromagnetic spectrum has come from closely observing the war in Ukraine.
Persons: , USARPAC, Marcus Evans, Mariah Aguilar, Mark Milley, Ed Barker, Col, Josh Koslov, Evans, Bertoch Evans, Doug Bush Organizations: US Army, Troops, Service, Army, Multinational Readiness Center, 25th Infantry Division, U.S, Joint Chiefs of Staff, Intelligence, Electronic Warfare, US Air Force, 350th Spectrum Warfare, Pentagon Locations: Hawaii, Ukraine, Alaska, warfighting
CNN —Scientists have uncovered communities of animals such as tube worms and snails living in volcanic caves beneath the seafloor, revealing a previously unknown but thriving ecosystem. An eelpout swims by a tower of tube worms at the Tica Vent, a hydrothermal vent site on the East Pacific Rise. Tube worms are immobile creatures that settle and grow in one place without moving, like barnacles. A large cluster of stationary tube worms thrives at the Fava Flow Suburbs, a site on the East Pacific Rise. Researchers use a robotic arm to lift a small portion of volcanic rock to verify that life exists beneath the ocean floor.
Persons: , , Dr, Sabine Gollner, Gollner, ” Gollner, Monika Bright, ” Bright, Alex Rogers, Rogers, It’s, ” Rogers, Mónika Naranjo, Shepherd Organizations: CNN —, Central America, Nature Communications, Royal Netherlands Institute for Sea Research, Ocean Institute, Schmidt Ocean, University of Vienna, Ocean Locations: Central, limnology,
European markets are heading for a lower open Wednesday as global market sentiment takes a turn lower. The U.K.'s FTSE 100 index is expected to open 6 points lower at 8,249, Germany's DAX down 35 points at 19,482, France's CAC down 59 points at 7,469 and Italy's FTSE MIB down 137 points at 34,246, according to data from IG. The lower open seen for Europe's major bourses follows declines on Wall Street Tuesday and comes as most Asia-Pacific markets traded lower overnight, with Japan's Nikkei leading losses. U.S. stock futures were calm Tuesday evening as Wall Street looked to see whether equities can be rebound to record highs this week; the S&P 500 and Dow hit all-time highs Monday. Earnings in Europe Wednesday come from chip firm ASML.
Persons: Germany's DAX, Morgan Stanley Organizations: France's CAC, IG, Japan's Nikkei, Dow Locations: Asia, Pacific, Europe
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