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CAPE CANAVERAL, Fla. (AP) — Astronauts from Turkey, Italy and Sweden returned to Earth on Friday, ending a private three-week mission to the International Space Station. A former fighter pilot and captain for Turkish Airlines, he became the first person from his country to fly in space. It was Axiom’s third private mission to the space station; the fourth is planned later this year. Photos You Should See View All 21 ImagesBefore leaving the space station, Gezeravci thanked his country for its “bold and determined decision” to send a citizen into space as part of its 100th anniversary as a republic. They enjoyed a few extra days at the space station, waiting for the weather to improve in the splashdown zone.

Persons: Alper, Gezeravci, Walter Villadei, Sweden’s Marcus Wandt, Michael Lopez, Alegria Organizations: International Space, NASA, Houston, SpaceX, Cape Canaveral, Turkish Airlines, Italian Air Force, European Space Agency, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla, Turkey, Italy, Sweden, Florida, Cape

☆ Top Biden official at Senate hearing defends liquefied natural gas pause
▼ + stars: | 2024-02-08 | by ( ) www.cnbc.com time to read: +2 min

A top U.S. Department of Energy (DOE) official on Thursday defended President Joe Biden's pause on approvals of liquefied natural gas (LNG) exports at a Senate hearing called by a fellow Democrat who said he will investigate the decision. Deputy U.S. Energy Secretary David Turk told the Senate energy committee that the DOE will finish the review as quickly as possible but it he could not predict a timeline other than it would take "months, not years." A U.S. official earlier on Thursday told Reuters "I don't think we're concerned at all about our ability to meet (European) demand." Senator Joe Manchin, a Democrat from natural gas producer West Virginia who called the hearing, said the pause sends the wrong signal to allies in Europe and Asia. The pause signals "the wrong direction for our country, a very wrong direction," Manchin said.

Persons: Energy David M, Turk, Joe Biden's, Biden, David Turk, Joe Manchin, West, Manchin Organizations: Energy, Green Energy Africa, Cape Town International Convention, U.S . Department of Energy, DOE, U.S . Energy, U.S, Thursday, Reuters, LNG Locations: Cape Town , South Africa, United States, Europe, Ukraine, West Virginia, Asia

The sun is about to pull another disappearing act across North America, turning day into night during a total solar eclipse. Photos You Should See View All 15 ImagesHere's what to know about April’s extravaganza and how to prepare:WHAT HAPPENS DURING THE TOTAL SOLAR ECLIPSE? By a cosmic stroke of luck, the moon will make the month’s closest approach to Earth the day before the total solar eclipse. WHEN IS THE NEXT TOTAL SOLAR ECLIPSE? The next total solar eclipse, in 2026, will grace the northern fringes of Greenland, Iceland and Spain.

Persons: Kelly Korreck, Neil Armstrong's, won’t, NASA’s Organizations: Michigan —, Indianapolis Motor, Armstrong Air, Space Museum, NASA, Space, Pacific, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: North America, Texas, Oklahoma, New England, Canada, Mazatlán, Mexico, Newfoundland, U.S, — Tennessee, Michigan, Dallas, Rock , Arkansas, Indianapolis, Cleveland , Ohio, Buffalo , New York, Montreal, Seattle, Portland , Oregon, Africa, Tiffin , Ohio, Russellville , Arkansas, Wapakoneta , Ohio, Virginia, Greenland, Iceland, Spain, Alaska, Western Canada, Montana, North Dakota, Northern California, Cape Canaveral , Florida, Carbondale , Illinois

☆ We spend most of our extra money traveling. We believe it's the best education for our kids.
▼ + stars: | 2024-02-08 | by ( Melissa Noble | ) www.businessinsider.com time to read: +5 min

I've continued traveling with my own family, and we prioritize spending money on trips. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . We've decided to prioritize travel over spending money on private schooling for our children. Noble and her family prioritize spending money on travel. Courtesy of the authorThese kinds of experiences repeatedly reaffirm our decision to prioritize travel for our children .

Persons: I've, —, we'd, Petra, Abu, Noble, we've, He's marveled, He's, We've, you'd, St, Augustine Organizations: Service Locations: Bali, Indonesia, Mexico, East, Asia, Africa, Europe, Jordan, Abu Simbel, Egypt, Canada, London, Cape Town , South Africa, France, Rocamadour, hysterics, Borneo

☆ Red Sea crisis: How global trade is being upended by attacks on container ships
▼ + stars: | 2024-02-08 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

That’s added as much as two weeks to a typical East-to-West journey for container ships, and 18 days for slower bulk carriers and tankers. Global container shipping costs are less than half their level during the coronavirus pandemic, which peaked at $10,380 in September 2021. Even so, he said, container shipping is “very cost-effective” as many goods can be packed into a single shipping container. The Galaxy Leader cargo ship is escorted by Houthi boats in the Red Sea on November 20, 2023. Fewer oil tankers have avoided the Red Sea than container ships, which the Houthi militants more closely identify with Western countries allied with Israel.

Persons: Richard Meade, Tesla, Peter Sand, Good Hope, That’s, ”, Lloyd —, “, ” Simon MacAdam, ” Maersk, Meade Organizations: London CNN —, Hamas, Lloyds, CNN, Maersk, Hapag, Carriers, Global, Container, Capital Economics, Organisation for Economic Co, Development, Galaxy Leader, Houthi Military Media, Reuters Locations: Iran, Suez, Asia, Europe, Germany, Swedish, Africa, South Africa’s, Good, Sand, Vietnam, Drewry, Shanghai, China, Rotterdam, Netherlands, Xeneta, Israel, United States, Canada

CAPE CANAVERAL, Fla. (AP) — NASA’s newest climate satellite rocketed into orbit Thursday to survey the world’s oceans and atmosphere in never-before-seen detail. SpaceX launched the Pace satellite on its $948 million mission before dawn, with the Falcon rocket heading south over the Atlantic to achieve a rare polar orbit. The satellite will spend at least three years studying the oceans from 420 miles (676 kilometers) up, as well as the atmosphere. Photos You Should See View All 15 ImagesNASA already has more than two dozen Earth-observing satellites and instruments in orbit. NASA is collaborating with India on another advanced Earth-observing satellite due to launch this year.

Persons: It’s, Jeremy Werdell, Pace, “ Pace, Karen St, Germain, Trump, ” Werdell Organizations: SpaceX, Pace, NASA, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla, India

☆ NASA PACE mission to study Earth’s oceans and atmosphere is ready to launch
▼ + stars: | 2024-02-08 | by ( Ashley Strickland | ) edition.cnn.com time to read: +7 min

The NASA PACE, or Plankton, Aerosol, Cloud, and ocean Ecosystem, mission is set to lift off at 1:33 a.m. Although designed as a three-year mission, PACE has enough fuel to continue orbiting and studying Earth for up to 10 years. “In many ways, we know more about the surface of the moon than we do about our own oceans,” St. Germain said. “PACE will be the most advanced mission we’ve ever launched to study ocean biology. While phytoplankton play a major role in drawing carbon dioxide from Earth’s atmosphere, some species can be harmful, too.

Persons: Jeremy Werdell, ”, Karen St, Germain, ” Werdell, Pam Melroy, Kate Calvin, ” Calvin, Calvin, “, Andy Sayer, Webb, Norman Kuring Organizations: CNN, NASA PACE, SpaceX, Cape Canaveral Space Force, YouTube, PACE, Science, NASA, SpaceX “ Locations: Cape, Florida, St, ” St

CAPE GIRARDEAU, Mo. (AP) — Missouri Attorney General Andrew Bailey filed criminal charges Thursday accusing a county coroner of stealing cash from a dead person and misstating the causes of death for several people. Bailey also filed a motion that seeks to remove Cape Girardeau County Coroner Wavis Jordan from office. "To that end, I am moving for the immediate removal of the Cape Girardeau Coroner.”Jordan said he had not been informed of Bailey's allegations and declined comment. Jordan, a Republican, was elected coroner in the southeastern Missouri county in 2020.

Persons: Andrew Bailey, Bailey, Wavis Jordan, ” Jordan, Jordan Organizations: —, Cape, Republican, Cape Girardeau . Police Locations: CAPE GIRARDEAU, Mo, — Missouri, Cape Girardeau County, Cape Girardeau, Missouri

CAPE CANAVERAL, Fla. (AP) — Astronomers have found the best evidence yet of a vast, young ocean beneath the icy exterior of Saturn’s Death Star lookalike mini moon. Barely 250 miles (400 kilometers) in diameter, the heavily cratered moon lacks the fractures and geysers — typical signs of subsurface activity — of Saturn’s Enceladus and Jupiter’s Europa. Photos You Should See View All 45 ImagesThe ocean is believed to fill half of Mimas’ volume, according to Lainey. But at the seafloor, he said the water temperature could be much warmer. Co-author Nick Cooper of Queen Mary University of London said the existence of a “remarkably young” ocean of liquid water makes Mimas a prime candidate for studying the origin of life.

Persons: Cassini, “ Mimas, ”, Valery Lainey, Alyssa Rose Rhoden, Nick Cooper, William Herschel, Mimas Organizations: —, Paris Observatory, Star, “ Star, Research, Queen Mary University of London, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla

☆ Oil prices rise as traders weigh Gaza truce talks, U.S. tensions with Iran
▼ + stars: | 2024-02-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Oil prices rose Tuesday as investors weighed efforts to negotiate a truce in Gaza against a U.S. vow to take further action against militants in the Middle East. Blinken is consulting with allies in the region in an effort to secure a truce in Gaza and prevent the war from spilling over in to a broader regional conflict. Blinken's trip to the region comes after the U.S. again launched airstrikes against Iranian forces and allied militants in Iraq, Syria and Yemen over the weekend. White House National Security Advisor Jake Sullivan said Sunday that the U.S. will take additional, "further action" after the latest weekend strikes. "The heightened tension will undoubtedly entail renewed Houthi hostilities in the Red Sea ensuring persistent re-routing of oil traffic around the Cape of Good Hope," Varga wrote.

Persons: Brent, Antony Blinken, Blinken, Jordan, Jake Sullivan, Tamas Varga, Varga, Good Hope Organizations: Palestinian, Hamas, The West Texas Intermediate, Iranian, White, National Locations: Rafah, Gaza, Israel, The, Egypt, Saudi, U.S, Iraq, Syria, Yemen, Iran, Good

☆ Yemen Houthi Leader Says Group Will Further Escalate if Attacks on Gaza Do Not Stop
▼ + stars: | 2024-02-06 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

DUBAI (Reuters) - The leader of Yemen's Iran-aligned Houthis said on Tuesday that the group will further escalate if the Israeli attack on Gaza does not stop. The Houthis, who control Yemen's capital and most populous areas, have attacked international shipping in the Red Sea since November in what they say is solidarity with Palestinians, drawing U.S. and British retaliatory strikes since last month. The attacks are disrupting maritime trade in one of the world's busiest corridors as freight firms reroute around the Cape of Good Hope to avoid the Suez Canal. The group fired naval missiles at two ships in the Red Sea on Tuesday, its military spokesman said, causing damage to Greek-owned Star Nasia and British-owned Morning Tide. War in Israel and Gaza View All 194 ImagesSpokesman Yahya Sarea identified the Greek-owned, Marshall Islands flagged Star Nasia as American.

Persons: Yemen's, Houthis, Abdul Malik al, Houthi, Yahya Sarea, Ahmed Elimam, Nayera Abdallah, Peter Graff Organizations: Reuters, Tide, Marshall Islands Locations: DUBAI, Yemen's Iran, Gaza, Red, Suez, Israel, India

☆ Red Sea tensions risk significantly higher inflation, OECD warns
▼ + stars: | 2024-02-05 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

watch nowElevated shipping costs as a result of ongoing tensions in the Red Sea could impede the global fight against inflation, the Organisation for Economic Co-operation and Development said Monday. The Paris-based group estimates that the recent 100% rise in seaborne freight rates could increase import price inflation across its 38 member countries by nearly 5 percentage points if they persist. That could add 0.4 percentage points to overall price rises after a year, the OECD said in its latest economic outlook. Clare Lombardelli, chief economist at the OECD, told CNBC on Monday that a sustained increase in inflation as a result of the latest crisis is a risk, but not the group's base case. "It's something we're watching closely ... we have seen an increase in shipping prices, if that were to continue for for an extended period, then that would feed through into consumer price inflation.

Persons: Ahmed Gomaa, Clare Lombardelli, Lombardelli, Tiemen Meester, it's, Meester Organizations: Organisation for Economic Co, Development, OECD, Xinhua News Agency, Getty, CNBC Locations: Paris, Suez, Europe, Asia, Iran, Yemen, United States, Ismailia Province, Egypt, Good, Africa, Dubai

☆ Taiwan Says Trade Not Being Much Affected by Red Sea Disruptions
▼ + stars: | 2024-02-05 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

TAIPEI (Reuters) - Taiwanese companies are not being affected much by disruptions to the key shipping lane of the Red Sea as it has coincided with the traditional low season in demand for exporters, Economy Minister Wang Mei-hua said on Monday. Some shipping companies have suspended transit along the Red Sea route to avoid being attacked by Yemen's Iranian-backed Houthi group, which has launched waves of exploding drones and missiles at vessels since November in response to Israel's military operations in Gaza. The Houthi attacks have primarily targeted container vessels moving through the Red Sea. Taiwanese container shipping line Evergreen Marine said in December that ships scheduled to pass through the Red Sea would be rerouted around Africa's Cape of Good Hope. Speaking to reporters in Taipei, Wang said her ministry had spoken with 14 industry groups as well as companies to gauge the impact of the Red Sea disruptions.

Persons: Wang Mei, Good Hope, Wang, Ben Blanchard, Sonali Paul Organizations: Evergreen Locations: TAIPEI, Gaza, Africa's, Good, Taipei, Israel, Europe, Ukraine, Taiwan

☆ ‘Like going to the moon’: The world’s most terrifying ocean crossing
▼ + stars: | 2024-02-04 | by ( Julia Buckley | ) edition.cnn.com time to read: +19 min

And it’s not just the winds making the waters rough – the Drake is basically one big surge of water. We’re not gambling.”Even with that extra safety margin, though, he admits that crossing the Drake can be a hairy experience. A dangerous thrillAurora Expeditions' Greg Mortimer ship has a patented bow to make a Drake crossing more stable. “The only thing that works for me is going to the ship’s medic for a scopolamine patch,” he says. “If you were going to the moon, you’d expect the journey to be uncomfortable but it’d be worth it,” she says.

Persons: CNN —, ” Alfred Lansing, Ernest Shackleton’s, Drake, ”, it’s, Mike Hill, Adam ”, Alexander Brearley, –, ” “, Storm Isha, Brearley, That’s, It’s, Clelia, Fiona Stewart, Garett McIntosh, Horn, “, Stanislas Devorsine, Sue Flood, Le Commandant Charcot, ” Devorsine, Devorsine, “ We’re, Jamie Lafferty, “ Drake, Greg Mortimer, Tyson Mayr, He’s, Mundy, Edwina Lonsdale, ” Lonsdale, Sylvia Earle, Lonsdale, DreamPictures, acupressure, ” Jamie Lafferty, I’ve, ” Warren Cairns, There’s Organizations: CNN, British Antarctic Survey, Atlantic, “, AP, South America –, Aurora Expeditions, Institute of Polar Sciences, National Research Council of Locations: Antarctica, isn’t, South America, Ireland, Panama, Europe, South, California, New York, Cape Horn, South Africa, Australia, New Zealand, –, France, Cape, National Research Council of Italy, it’s, Lonsdale

☆ U.S. and Britain strike Yemen's Houthis in a new wave, retaliating for attacks by Iran-backed militants
▼ + stars: | 2024-02-03 | by ( ) www.cnbc.com time to read: +7 min

Yemen's Houthi followers take part in a tribal parade held against the United States-led aerial attacks launched on sites in Yemen, and solidarity with Palestinians, on January 22, 2024, near Sana'a, Yemen. The Defense Department said the strikes targeted sites associated with the Houthis' deeply buried weapons storage facilities, missile systems and launchers, air defense systems and radars. Saturday's strikes marked the third time the U.S. and Britain had conducted a large joint operation to strike Houthi weapon launchers, radar sites and drones. Iran has tried to distance itself from the drone strike, saying the militias act independently of its direction. Mosawi said the targeted sites in Iraq were mainly "devoid of fighters and military personnel at the time of the attack."

Persons: Yemen's, Dwight D, Lloyd Austin, Eisenhower, Carney, Hope, Bab, Jordan, Hussein, Mosawi, Rami Abdurrahman, Bassim, Awadi Organizations: Iranian Revolutionary Guard, Eisenhower, USS Carney, Associated Press, Defense Department, U.S, Human Rights, Islamic, Iraq, Israel Locations: United States, Yemen, Sana'a, Britain, Iran, Israel, Iraq, Syria, Jordan, U.S, Gulf of Aden, Australia, Bahrain, Canada, Denmark, Netherlands, New Zealand, Washington, Tehran, Sanaa, SABA, al, Gulf, Aden, Africa, Suez, Mandeb, Iranian, Baghdad, Gaza, Iraqi

☆ Anthony Anderson landed in the ER after movie stunt went wrong
▼ + stars: | 2024-02-02 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Anthony Anderson fought a chair and lost. “I spent the night in the emergency room,” he wrote, alongside a photo of himself on a stretcher. “Movie set fight gone wrong. Bloodied and bowed but never broken!”Comedian Loni Love commented on Anderson’s post, “Yo old axx know you need a stunt double…. Lawwddd… get well soon broke back.”Anderson’s former “Black-ish” co-star Tracee Ellis Ross wrote, “You are not made of rubber.

Persons: CNN — Anthony Anderson, “, ”, Guess, Loni Love, Lawwddd …, Tracee Ellis Ross, Kevin Frazier Organizations: CNN, Television Locations: Cape Town , South Africa

☆ I went on a 22-day Holland America cruise that cost just $144 a day
▼ + stars: | 2024-02-02 | by ( Erin Yarnall | ) www.businessinsider.com time to read: +5 min

I spent 22 days on a Holland America cruise and saw places like Antarctica and Chile. The cruise cost me $144 a day, and is one of the more cost-effective ways to see Antarctica. I went with family members and we paid $3,175 a person, which is about $144 a day. Erin YarnallI never thought any sort of trip to Antarctica would be in my budget, let alone a cruise. Once on board, though, I was very impressed with the ship's fitness center.

Persons: —, — I've, I'd, Holland America's Oosterdam, Erin Yarnall, frita, Cape Horn Organizations: Service, gentoo Locations: Holland America, Antarctica, Chile, Santiago, South America, Holland, Antarctica Antarctica, Falkland, empanadas, Cape

☆ Trump Would Not Reappoint Powell as Fed Chief
▼ + stars: | 2024-02-02 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

(Reuters) - Former President Donald Trump said he would not reappoint Federal Reserve Chair Jerome Powell if Trump wins this year's presidential election, the Republican frontrunner told Fox Business in an interview aired Friday. "No I wouldn't," Trump said in response to a question on whether he would reappoint Powell, whose second four-year term as chair will expire in 2026. Trump said he believes Powell is going to lower interest rates to help President Joe Biden's prospects for re-election. "I think he’s going to do something to help the Democrats, if he lowers interest rates,” Trump said. Biden, a Democrat who beat Trump in the 2020 White House race, reappointed Powell to a second term in 2021.

Persons: Donald Trump, Jerome Powell, Trump, reappoint Powell, Powell, Joe Biden's, ” Trump, Biden, Dan Burns, Doina, Chizu Nomiyama Organizations: Reuters, Trump, Republican, Fox Business, White, Fed Locations: U.S, Iranian, Suez, Asia, Europe, South Africa

☆ Demand for shipments from China via rail through Russia has 'skyrocketed' since the Red Sea attacks
▼ + stars: | 2024-02-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +6 min

And — while it only represents a very small proportion of containers moved between the Far East and Europe — rail routes via Russia have seen an uptick in interest too. Rail through RussiaFirms have raised concerns about sending goods via rail through Russia, Sciglaite said. A train engine pulls carriages that started their journey in Yiwu, China into Barking rail freight terminal on January 18, 2017 in the U.K. Igor Tambaca, managing director of Rail Bridge Cargo, a Dutch logistics company, said China-Europe rail route bookings were up 37% over the past four weeks. Tambaca said the cost of sending one forty-foot container (FEU) from China to Europe via rail is currently around $7,900.

Persons: Liu Wenhua, Julija, RailGate, Hapag Lloyd, Sciglaite, Dan Kitwood, Igor Tambaca, Tambaca, Maria Magdalena Pavitsich, Pavitsich, Vladimir Putin, Davies Turner Organizations: China News Service, Getty, Air, CNBC, Rail, Cargo, OBB Rail Cargo Group, FEU, Initiative, British Locations: China, Europe, Russia, Manzhouli, Vietnam, Xeneta, East, European, Rotterdam, South Africa's, Ukraine, Yiwu, Barking, Kazakhstan, Belarus, Poland, Germany, Belgium, France, Red, Dutch, Turkey, Austrian, Asia, Xian, Chengdu, Suez, Africa, Moscow, Central Siberia, Beijing, Wuhan, Duisburg

CAPE CANAVERAL, Fla. (AP) — An asteroid as big as a skyscraper will pass within 1.7 million miles of Earth on Friday. Don’t worry: There’s no chance of it hitting us since it will pass seven times the distance from Earth to the moon. That means the asteroid could be similar in size to New York City’s Empire State Building or Chicago’s Willis Tower. It won’t be back our way again until 2032, but it will be a much more distant encounter, staying 45 million miles (72 million kilometers) away. On Sunday, an asteroid roughly half the size of 2008 0S7 will swing by, staying 4.5 million miles (7.3 million kilometers) away.

Persons: Willis Organizations: NASA’s, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: CAPE CANAVERAL, Fla, New York

☆ ‘Argylle’ review: Henry Cavill, John Cena and Dua Lipa play spies in Matthew Vaughn’s action comedy
▼ + stars: | 2024-02-01 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —After a trio of “Kingsman” movies, director Matthew Vaughn essentially hits the reset button with “Argylle,” another fun, highly stylized and less violent spy movie. Cast to the hilt, the film proves inventively twisty if a little convoluted, with the modest disclaimer that it’s not as good as the trailer makes it look. Bryce Dallas Howard and Sam Rockwell as an author and spy, respectively, in "Argylle." As Elly’s guide on this overwhelming journey, Rockwell steals the show, presenting a more human-scale spy who still does amazing things with smart-alecky wit and bravado. As noted, Vaughn’s work stands out for its energetic and playful approach to action, which is very much in evidence here.

Persons: Matthew Vaughn, Argylle, ”, Said, Elly Conway, Bryce Dallas Howard, Henry Cavill, James Bond, Dua, John Cena, Elly, Catherine O’Hara, she’s, Aidan, Sam Rockwell, Peter, Jason Fuchs, “, Bryan Cranston, Ariana DeBose, Sofia Boutella, Samuel L, Jackson, Rockwell, “ Napoleon, Kingsman ” Organizations: CNN, Apple Locations: Dua Lipa

☆ UPS announces 12,000 job cuts, says package volume slipped last quarter
▼ + stars: | 2024-01-30 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

UPS fell short of Wall Street revenue estimates Tuesday, reporting drops in shipping volume, both internationally and domestically, in its fourth-quarter earnings report. The company also announced 12,000 layoffs as part of an effort to align resources in 2024. The workforce reductions will save the company about $1 billion in costs, CEO Carol Tomé said on a company earnings call. Adjusting for one-time items related to pensions and intangible assets, UPS earned $2.47 per share. The company reported a 7.4% drop in average daily volume domestically and an 8.3% decrease internationally.

Persons: Carol Tomé, Tomé Organizations: United Parcel Service, UPS, Teamsters Locations: Cape Cod, Orleans , Massachusetts, Europe

☆ 'The shooting has to stop': World's biggest shipping company pleads with Congress to help end Houthi Red Sea chaos
▼ + stars: | 2024-01-30 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Ralby stressed the crisis in the Red Sea is not just a U.S. problem, but recent attacks by the U.S. military have led to greater targeting of its vessels. After those attacks, Maersk announced it would no longer be transiting the Red Sea. MSC announced on December 17 that it would divert its services that would typically transit the Red Sea and the Suez Canal around the Cape of Good Hope. Sailing around the Cape of Good Hope to avoid the Red Sea adds one to two weeks to a one-way shipping journey relative to the Red Sea and Suez Canal. Rising freight costs were a big component of inflation during Covid and the Red Sea crisis has renewed fears that another bout of supply chain-triggered inflation could occur.

Persons: Ralby, Ian Ralby, Darr, Charles, Bud, Salud Carbajal, Biden, Hapag Lloyd, Bab, Good Hope, Jon Gold, Phillips, Ralph Lauren, Levi Strauss, Gold Organizations: U.S, Mediterranean Shipping Company, U.S . Navy, Coast Guard, Maritime Transportation, MSC, Senate Foreign Relations Committee, Maersk, Maersk Detroit, Maersk Chesapeake, Navy, Intelligence, Suzuki, Volvo, Michelin, Ikea, National Retail Federation, Bank of America, Van Heusen Corporation, Birkenstock, Capri Holdings, Nike, Corp Locations: Suez, Ismailia, Egypt, Yemen, U.S, Iran, Gulf, Aden, Maersk, Good, Europe's, Asia, Europe, Vietnam

☆ Sony is making a bold bet on an African gaming startup to boost PlayStation’s reach in the continent
▼ + stars: | 2024-01-29 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Sony is making a bold bet on Africa's video game industry. The Japanese consumer electronics and gaming giant has invested an undisclosed sum into Carry1st, a video game studio based in Cape Town, South Africa, via its Sony Innovation Fund venture arm, Carry1st told CNBC exclusively. The deal is a strategic investment that will see the two companies partner on a range of commercial opportunities. "We believe very firmly that there is an incredibly underrated console opportunity in Africa," Robbin-Coker said, citing countries like Nigeria, Morocco and Algeria as places where console adoption is rising a lot. Sony is coming into an emerging gaming market with blistering growth potential.

Persons: Carry1st, Cordel, Coker Organizations: Sony, Sony Innovation Fund, CNBC, PlayStation Locations: Cape Town , South Africa, Africa, Nigeria, Morocco, Algeria, Konvoy

☆ Visitor finds huge 7.46-carat diamond in Crater of Diamonds State Park
▼ + stars: | 2024-01-27 | by ( Kelly Murray | ) edition.cnn.com time to read: +3 min

Along the way, learned about the Crater of Diamonds State Park in Arkansas, according to a news release from Arkansas State Parks. Visitors scour the earth at Crater of Diamonds State Park in Arkansas. The 7.46 carat diamond discovered by Julien Navas, of Paris, France, upon his visit to the Crater of Diamonds State Park in Arkansas on January 11, 2024. The Carine Diamond is the eighth-largest diamond found in the Crater of Diamonds since it became a state park in 1972, according to the news release. Geologists explained about 100 million years ago, there was a volcanic eruption, which carried the diamonds to the surface, according to the park’s website.

Persons: Julien Navas, Navas, “, ” Navas, ” Lucky, Waymon Cox, Cox, Arkansas State Parks Navas Organizations: CNN, Arkansas State Parks, Discovery Center, Geologists Locations: United States, France, Cape Canaveral , Florida, New Orleans, Arkansas, Paris

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