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UNESCO's World Heritage Committee named a site in the Gaza Strip — Saint Hilarion Monastery, or Tell Umm Amer — to both its "World Heritage" and "World Heritage In Danger" lists in late July. The decision, made during the 46th session of the World Heritage Committee held in New Delhi, India, reflects the ancient monastery's value and need for protection, according to UNESCO. The Committee inscribed the monastery — one of the oldest sites in the Middle East, according to UNESCO — to both lists using an emergency procedure set forth in the World Heritage Convention. Use of the emergency procedureSimultaneous inscriptions to UNESCO's World Heritage and its "In Danger" lists are rather common, a UNESCO spokesperson told CNBC. Use of UNESCO's emergency procedure fast-tracked Saint Hilarion Monastery/Tell Umm Amer's inclusion onto its World Heritage Lists, a procedure which normally takes at least two years.
Persons: Umm Amer —, Hilarion, Umm Amer, Mohammed Abed, Biden Organizations: Heritage, World Heritage, UNESCO, UNESCO —, Heritage Convention, CNBC Travel, Getty, State Party, United States, CNBC, Workers Locations: Gaza, Hilarion, New Delhi, India, Israel, United States, Palestine, United, Riyadh, Saudi Arabia, Odesa, Saba, Saint Hilarion
Gautam Adani plans to hand over the company to his sons and nephews by the early 2030s. The Adani Group is a major player in multiple sectors in India, including infrastructure and energy. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Gautam Adani, 62 years old, announced his intention to retire at 70 from the Adani Group, Bloomberg reported on Monday.
Persons: Gautam Adani, Adani, Organizations: Service, Adani Group, Bloomberg, Adani, Business Locations: India
High-end real estateAbout 30% of India's UHNWI investments go into luxury real estate, including overseas projects, said Alok Saigal, president of wealth management firm Nuvama Private. People have moved away from investing in land as it is less liquid, and more wealth has been allocated to residential real estate since the pandemic, he added. Around 20% of Dubai's offshore real estate pie is owned by Indian investors. Startups' lureInvesting in startups is becoming increasingly popular, especially with the younger generation of rich Indians, wealth managers told CNBC. Bloomberg | Bloomberg | Getty ImagesAbout 17% of India's UHNWIs' wealth goes into luxury goods, with jewelry, art and watches as top preferences, findings from Knight Frank revealed.
Persons: Knight Frank, Alok Saigal, Alok, Chethan Shenoy, Anand, Saigal, Nitin Chengappa, India's, Chengappa, Anand Rathi Wealth's, LVMH Moet Hennessy Louis Organizations: Getty, India, Nuvama Private, Offshore, Nuvama, CNBC, Standard Chartered Bank, Shoppers, DLF, BMI, Bloomberg, Fitch Solutions, LVMH Moet Hennessy Louis Vuitton SA Locations: Mumbai, Beijing, New York, London, UHNWIs, Dubai, Delhi, New Delhi, India
Indian billionaire Karan Adani announced plans to challenge Chinese dominance in global seaports. Adani Ports has received "in-principle" approval for a $2 billion project in Da Nang, Vietnam. Adani Group has plans for ports in the Middle East, Africa, and Southeast Asia, Bloomberg said. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy .
Persons: Karan Adani, , Karan Organizations: Ports, Adani, Bloomberg, Service, Business Locations: Da Nang, Vietnam, East, Africa, Southeast Asia, India
Ms. Harris has conducted a fast search for a running mate and brought on a slate of new advisers to her campaign. By Friday afternoon, Ms. Harris — the only candidate on the ballot — had clinched a majority of the delegates she needed for the nomination. Ms. Harris first ran for president in 2019, while in her third year as a senator from California. Now Ms. Harris is setting out to prove she can lead a party desperate to block Mr. Trump’s attempt to return to office. On Tuesday, Ms. Harris is expected to announce her running mate before holding a joint campaign rally in Philadelphia and then touring the battleground states.
Persons: Harris, Biden, Harris —, , Trump’s Locations: India, Jamaica, California, Philadelphia
Fires burn outside the Prime Minister's House after Sheikh Hasina resigned and fled the country, on August 5, 2024 in Dhaka, Bangladesh. Protesters shout slogans as they celebrate Prime Minister Sheikh Hasina's resignation in Dhaka. Other student protesters and those arrested on “false cases,” were also released, the president said. K M Asad/AFP/Getty ImagesWhile Hasina’s resignation was celebrated, some Bangladeshis expressed trepidation over the path ahead as the country attempts to fill a leadership vacuum. “Hasina may be gone, but there is still a long road ahead for Bangladesh,” student Faiza Chowdhury, 25, told CNN.
Persons: Sheikh Hasina, Zaman, Muhammad Yunus, Hasina, Minister's, Parvez Ahmad Rony, Sheikh Mujibur Rahman, Hasina’s, Sheikh Hasina's, Mujibur Rahman –, , Raiyan Aftab, , Shaheed, Shaheed Minar, Aftab, Abu Sufian, Mohammed Shahabuddin, Khaleda Zia –, , Wolfgang Rattay, Z, Sabrina Karim, Karim, , Mohammad Ponir Hossain, Muhammad Nahid Islam, hadn’t, Yunus, K M Asad, Faiza Chowdhury Organizations: CNN, Bangladesh, Dhaka, Yunus, Dhaka University, Awami League, , BRAC University, Dhaka Medical College, Dhaka University Campus, Getty, Reuters, curfews, Cornell University Locations: Dhaka, Bangladesh, India, Pakistan, Rajib Dhar, Munich, Germany, UN, Paris, , AFP, Bangladeshi, New York
Crowds Loot Bangladesh Prime Minister’s Residence
  + stars: | 2024-08-05 | by ( ) www.nytimes.com   time to read: 1 min
4:30After the Storm, a Fight for Survival in MozambiqueNOW PLAYINGCrowds Loot Bangladesh Prime Minister’s Residence0:47Scores of People Are Killed in Renewed Bangladesh Protests0:32Israeli Strike Kills Dozens at Gaza Shelter3:56Behind the Biggest Prisoner Swap Since the Cold War0:50Unrest Erupts Across Britain in Wake of Deadly Knife Attack1:20‘My Goal Is to Return to Russia,’ Dissident in Prisoner Swap Says0:42Algerian Boxer Is Eligible, Olympic Spokesman Says0:20Russian Plane Lands in Turkey Amid Prisoner Swap0:35Heavy Rain Triggers Deadly Landslides in Southern India0:20Deadly Landslides Hit India0:55
Persons: Minister’s Organizations: Storm, Survival, , Boxer Locations: Mozambique, Bangladesh, Wake, Russia, Turkey, Southern India
Japan’s markets led losses in the region as the Nikkei 225 and Topix dropped as much as 7% in volatile trading. At these levels, both the Nikkei and Topix are nearing bear market territory, having fallen almost 20% from their all-time highs on July 11. Monday’s decline follows Friday’s rout when Japan’s Nikkei 225 and Topix fell more than 5% and 6%, respectively. The broader Topix marked its worst day in eight years, while the Nikkei marked its worst day since March 2020. The Nasdaq was the first of the three major benchmarks to enter correction territory, down more than 10% from its record high.
Persons: Topix, , Australia’s, Kospi Organizations: Nikkei, Mitsubishi, Mitsui, Co, Sumitomo, Topix, Reserve Bank of Australia, Reuters, CSI, Nasdaq, Dow, Dow Jones Locations: Asia, Pacific, China, Taiwan, Australia, India, U.S
Prime Minister Sheikh Hasina’s life, as well as her politics, had been defined by an early trauma at once personal in its pain and national in its imprint. In 1975, her father, Sheikh Mujibur Rahman, Bangladesh’s charismatic founding leader, and most of their family were massacred in a military coup. Ms. Hasina, who was abroad at the time, was forced into exile in India. Her eventual return and elevation to prime minister embodied Bangladesh’s hopes of a better, more democratic future. She grew more authoritarian, crushing dissent and exuding an entitlement that treated Bangladesh as her rightful inheritance.
Persons: Sheikh Hasina’s, Sheikh Mujibur Rahman, Ms, Hasina, Bangladesh’s Organizations: eventual Locations: India, Bangladesh
Read previewGlobal markets are off to a terrible start to the week. Stock markets are crashing across Asia after Japan's interest-rate hike last week contributed to a selloff that got worse and worse. AdvertisementInvestors are also on edge before the US markets open later in the global day. Global carry trade unwindingThe Bank of Japan raised its interest rate from between 0% and 0.1% to 0.25% on Wednesday — the highest level in 15 years. Japan kept interest rates ultra-low for decades following the implosion of an asset bubble in the 1990s that contributed to persistent deflation.
Persons: , Kospi, India's Sensex, Tony Sycamore, Sycamore, Vishnu Varathan, Mizuho Bank's Organizations: Service, Stock, Business, IG Australia, Bloomberg, CSI, Dow Jones Industrial, Nasdaq, Federal Reserve, Bank of Japan, ING Locations: Asia, Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinancial services firm says it's bullish on India's IT and telecom sectorsNiket Shah of Motilal Oswal also discusses says it also likes the country's consumer discretionary sector.
Persons: it's bullish, Shah, Motilal Oswal Organizations: Financial
Read previewJapan's main stock market index suffered its biggest fall since 1987, closing 12.4% lower on Monday, while markets in Asia and Europe also fell sharply. US stock markets sunk at the end of last week as investors digested a streak of negative economic data and disappointing earnings from Big Tech companies. The Chinese stock markets were already under pressure this year due to the country's economic troubles. Japan kept interest rates ultra-low for decades following the implosion of an asset bubble in the 1990s that contributed to persistent deflation. AdvertisementThe BoJ's rate hike has also fanned further risk-off sentiment in global stock markets.
Persons: , Tony Sycamore, Taiwan's Taiex, Paris, it's, Sycamore, Vishnu Varathan, Mizuho Bank's Organizations: Service, Nikkei, Business, Big Tech, Nasdaq, IG Australia, Bloomberg TV, Kospi, CSI, Federal Reserve, Bloomberg, Bank of Japan, ING Locations: Asia, Europe, Frankfurt, London, Japan
Signs of a slowing U.S. economy sowed panic among investors on Monday, with a sell-off in markets that began last week turning into a global rout. The moves were a sharp reversal in major stock markets, which for much of the past year have risen to new heights, propelled by optimism about cooling inflation, solid labor markets and the promise of artificial intelligence technology. South Korea’s benchmark Kospi index fell more than 10 percent at one point. Japanese stocks have been on a tear for more than a year, fueled by a weak Japanese yen. Adding to the pressure, foreign investors have started selling off positions in Japanese stocks over the last few weeks.
Persons: , Andrew Brenner, Goldman Sachs, Goldman, Jordi Basco Carrera, , Basco Carrera, Jitters, Jesper Koll, Koll, John Liu, Melissa Eddy Organizations: Federal, Nasdaq, National Alliance Securities, Equity, Technology, Samsung Electronics, Taiwan Semiconductor Manufacturing Company, Nvidia, Intel, Allianz, Monex, Bank of Japan, Tokyo Stock Exchange Locations: Asia, Europe, Americas, Japan, U.S, Taiwan, Singapore, Australia, Hong Kong, China, Stocks, India, Netherlands, Switzerland, New York, Munich, , New, Seoul, Berlin
Japan's markets led losses in the region as the Nikkei 225 and Topix dropped as much as 7% in volatile trading. At these levels, both the Nikkei and Topix are nearing bear market territory, having fallen almost 20% from their all-time highs on July 11. Stock Chart Icon Stock chart iconMonday's decline follows Friday's rout when Japan's Nikkei 225 and Topix fell more than 5% and 6%, respectively. The broader Topix marked its worst day in eight years, while the Nikkei marked its worst day since March 2020. The Reserve Bank of Australia kicks off its two-day monetary policy meeting Monday.
Persons: Topix, Australia's, Kospi Organizations: Bloomberg, Getty, Nikkei, Mitsubishi, Mitsui, Co, Sumitomo, Topix, P, Reserve Bank of Australia, Reuters Locations: Shibuya, Tokyo, Japan, Asia, Pacific, China, Taiwan, Australia, India, Hong Kong
The cryptocurrency market plummeted in value on Sunday, as investors continued selling out of risky assets. Led by a drop of 11% in bitcoin in the past 24 hours and a 21% plunge in ether, the overall value of cryptocurrencies sank by about $270 billion, according to CoinGecko data. The selloff in the crypto market coincided with a broader slide in equities in Asia-Pacific markets. The latest crypto wipeout will be felt by a broader base of investors after the SEC this year approved new spot exchange-traded funds for bitcoin and ether. WATCH: Bitcoin swings amid broad market selloff
Persons: Bitcoin, It's, Binance's, Morgan Stanley Organizations: Nikkei, Bank of Japan, Nasdaq, Nvidia, U.S . Federal, solana, SEC, CNBC, Wall Locations: bitcoin, Asia, Pacific, U.S, freefall, China, Taiwan, India, Australia
We’ve never in my lifetime changed candidates this late in the game,” West said, pausing as she left a Harris campaign office to pick up a new packet of door-knocking materials. “There is a lot of excitement around Vice President Harris, actually. However, despite the preparations, Trump’s campaign has yet to find its footing on a consistent message about the vice president. Outside the campaign, Trump’s allies worry there is no strategy for what is now a competitive race. Vice President Kamala Harris speaks at a gathering of the Sigma Gamma Rho sorority in Houston on July 31, 2024.
Persons: Donald Trump’s, Joe Biden, Trump, Biden, Kamala Harris, Ohio Sen, JD Vance, Harris –, Harris, , , , ” Trump, pollster John McLaughlin, ” McLaughlin, Harper, “ I’ve, We’ve, ” West, President Harris, Joe Lamberti, ” Harris, Rachel Scott, Scott Olson, it’s, Barack Obama, Trump’s, Steven Cheung, “ He’s, Brandon Bell, Trump –, Harris didn’t, ” Rev, Charles Williams, I’m, ’ ” Williams, he’s, Donald Trump, She’s, Carolina Sen, Lindsey Graham, she’s, Vance, Anna Moneymaker, Tucker Carlson’s, they’ve, Alaska Sen, Lisa Murkowski, Schouten, Kate Sullivan, Jeff Zeleny, Steve Contorno, Manu Raju, Morgan Rimmer, Danya Gainor, Lauren Fox Organizations: CNN, Republican, Republican Party, Trump, GOP, National Association of Black Journalists ’, Biden, Harris, Getty, Democrats, Democratic, Democratic Party, ABC, Fox News, Senior Trump, ABC News, National Association of Black Journalists, Indian, Sigma Gamma Rho, Air Force, White, Sigma Gamma Rho sorority, Historic King Solomon Baptist Church, , Senate, Capitol Locations: Milwaukee, Chicago, India, Jamaica, Oakland County , Michigan, Harrisburg , Pennsylvania, AFP, Trump, New York, Georgia, Butler , Pennsylvania, Harris, Atlanta, United States, North Carolina, Houston, Detroit, , Carolina, Sierra Vista , Arizona, Alaska, Mexico, Arizona, Ohio, California
Trump and Vance will campaign in the same venue Saturday, but without the fundraising spike, increased momentum or improved chances of winning a crucial state. Biden became the first Democrat to win Georgia in nearly 30 years when he beat Trump by just under 12,000 votes in 2020. So, let’s talk about the issues.”South Carolina Sen. Lindsey Graham, a Trump ally, said the campaign should focus on drawing policy contrasts. “My problem with Vice President Harris is the policy choices she’s made.”Trump, however, is not shying away from the controversial and false claims about Harris’ heritage. A senior Trump campaign official told CNN that the campaign would not “shy away” from the former president’s comments.
Persons: Donald Trump, JD Vance, Joe Biden, Kamala Harris, she’d, Harris, Vance, Biden, Trump, Georgia’s, Brad Raffensperger, Nevada –, Black ”, Republicans –, , Alaska Sen, Lisa Murkowski, CNN’s Manu Raju, “ You’ve, Carolina Sen, Lindsey Graham, she’s, ” Graham, ” Trump, , MAGA, – Vance, , CNN’s Alayna, Manu Raju, Morgan Rimmer Organizations: CNN, Democratic, Georgia, University Convocation Center, White, Peach State, Trump, Democrat, Sun, Black, National Association of Black Journalists, Chicago, Republicans, Republican Locations: Georgia, Atlanta, Peach, North Carolina , Arizona, Nevada, Michigan , Pennsylvania, Wisconsin, Ohio, India, Jamaica, Alaska, , Carolina, Arizona
Jan is the first person in Australia to be convicted of forced marriage since it was criminalized in 2013. Sakina Muhammad Jan was the first person convicted under Australia's forced marriage laws. Some of the measures borrow from forced-marriage laws in Britain, where hundreds of people take out protection orders each year to thwart an impending forced marriage. Other countries such as France, Canada and Germany also have specific laws against forced marriage. A month before Jan’s sentencing, the immigration minister circulated a directive specifically naming the crime of forced marriage as serious enough to warrant the removal of a visa.
Persons: Australia CNN — Ruqia Haidari, Sakina Muhammad Jan, Haidari, Jan, , , Fran Dalziel, Helena Hassani, Boland Parwaz, she’s, ” Helena Hassani, Haidari’s, Mohammad Ali Halimi, Ruqia Haidari, Facebook Halimi, , Halimi, he’d, ” Hassani, Wakil Kohsar, Jennifer Burn, Andrew Buckland, it’s, Dalziel, Hassani, It’s, “ I’m Organizations: Australia CNN, Victoria County Court, Australian Federal Police, University of Technology Sydney, UTS, AFP, Facebook, , Getty, Slavery, Refugee Convention, United Nations, Afghanistan Association Locations: Brisbane, Australia, Afghanistan, Pakistan, Shepparton, Victoria, Hazara, London, Perth, Western Australia, Baharak, Badakhshan province, AFP, Slavery Australia, Bangladesh, Indonesia, India, Britain, United Kingdom, France, Canada, Germany, Melbourne, Australian, Goulburn
Chicago was ranked third in Food & Wine's 2024 ranking of the best cities for food and drink in the US. It's such a food city." For Italian beef, you can go to Al's or Mr Beef, Noblecilla said. "There's a really great range in the kind of food that you see at the Michelin restaurants," Noblecilla said. AdvertisementAlfresco dining"Alfresco dining is such a huge thing here in Chicago," Noblecilla said.
Persons: , Erica Noblecilla, Noblecilla, I've, that's, Beef, Kathleen Hinkel, Lou Malnati's, There's, It's, Alinea, Smyth —, Kasama, Grace Dean, Carniceria Maribel, Majsterek, de, suíça, Pitu Cachaça Organizations: Service, Chicago, Food, Business, Chili, The Washington, Getty, Michelin Locations: Chicago, Windy City, Chinatown, Little India, Little Italy, Ukrainian, Polish, South Florida, New York, Philadelphia, Cincinnati, Chicagoland, Swedish, Brazilian
In India and China, torrential rains have killed more than 200 people in the past week. Widespread flooding has been reported in North Korea near the border with China with no word on whether anyone died. North Korea: Damage, but no information on deathsThe tropical storm also generated heavy rain in northeast China on the border with North Korea, overflowing the Yalu River, which divides the two countries. In North Korea, the rain flooded 4,100 houses, 7,400 acres of farmland and many public buildings, roads and railways. One city near North Korea asked people living below the third floor to move higher as the Yalu River rose.
Persons: , , Gaemi, KCNA, Kim Jong Un, Kim Organizations: China Meteorological Administration, Rescue, , Ministry of Water Resources, AP, State TV Locations: India, China, Pakistan, North Korea, Asia, Kerala, ” India, Philippines, Taiwan, Pacific, Hunan, Zixing, Shanghai . China, North Korea’s, Phyongan, Jilin province, Lahore, Punjab province
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "This company is in such great hands that you have to buy some stock here," Jim advised investors. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, Stocks, Apple, Thursday's, there's, Jim, Eaton, Morgan Stanley, Jim Cramer's Organizations: CNBC, Nasdaq, Apple, Services, AMD Locations: Philippines, India, Indonesia, Wells Fargo
Biles' post on the social media platform X seemed to reference Trump's recent controversial comments that immigrants are "taking Black jobs." The Republican presidential nominee had said, "They're taking Black jobs now and it could be 18, it could be 19 and even 20 million people," during his June 27 debate against President Joe Biden. "They're taking Black jobs, and they're taking Hispanic jobs, and you haven't seen it yet, but you're going to see something that's going to be the worst in our history," Trump said. Data does not support Trump's claim that immigrants are "taking" jobs from American workers. With nine Olympic medals, six of them gold, Biles is the most decorated U.S. gymnast in history.
Persons: Simone Biles, Jamie Squire, Donald Trump, Biles, Joe Biden, Trump, Kamil Krzaczynski, Kamala Harris, Black, Lionel Bonaventure, Harris Organizations: Team USA, Bercy Arena, Getty, Paris, Republican, CNBC, U.S, National Association of Black Journalists, Afp, Democratic, Bercy, Howard University, Washington , D.C, nonconsecutive Games, Olympic Locations: Paris, Chicago, Jamaica, India, Washington ,, U.S, American, Tokyo
Brent crude futures gained 33 cents, or 0.4%, to $79.85 a barrel by 0020 GMT, after falling 1.5% in the previous session, while U.S. West Texas Intermediate crude futures rose 38 cents, or 0.5%, to $76.69, after a 2.1% drop on Thursday. On a weekly basis, Brent futures are on track to fall 1.7%, while WTI futures are set to drop 1.1%. "Markets continue to remain wary of Chinese oil demand after June data came in weaker-than-expected," analysts at consultancy firm FGE said. Asia's crude oil imports dropped to the lowest in two years in July on weak demand in China and India, according to data compiled by LSEG Oil Research. Still, the outlook for Chinese crude oil imports is brightening, FGE analysts noted, citing an increase in strategic purchases and a recovery in refining rates in the country.
Persons: Brent, FGE Organizations: Brent, U.S, West Texas, LSEG Oil Research Locations: Long Beach , California, United States, Europe, Asia, China, India, Iran, Israel
Many people consume alcohol to relax and relieve stress, which are some of the top reasons people travel, too. How is sober travel discussed on TikTok? Sentiment in the past year shows that among social media interactions 32% is positive, 38% is neutral and 30% is negative. The ranking, however, isn't a list of countries where alcohol sales are banned — places like Brunei, Saudi Arabia and Iran. Costa Rica ranked high on the list of "sober travel" destinations, in part, because of its outdoor activities and national parks.
Persons: He's, Virgin Mary, Dublin's, Artur Widak, Jordan – Organizations: Airports, CNBC Travel, Virgin, Nurphoto, YouTube, Social, Costa Rica, Siemens, Digitalvision, Getty, UNESCO, Heritage Locations: Koh Samui, Thailand, Brunei, Texas, Asia, United States, United Kingdom, Canada, South Africa, Australia, Saudi Arabia, Iran, U.S, Nepal, Morocco, Costa Rica, Turkey, Greece, Indonesia, Italy, Singapore, India, InsureMyTrip, North America
When former President Donald J. Trump questioned Vice President Kamala Harris’s racial identity in Chicago on Wednesday, he neglected a reality: that the country’s demographics have changed in recent decades, as more than 12 percent of Americans now identify as multiracial. Beneath that fact is another, lesser-known shift. They are part of a jump in multiracial Americans that demographers have tracked for decades, a marked rise that reflects the steadily increasing diversity of the U.S. population. The numbers of Latino and Asian people have risen sharply since the 1990s, and so has the rate of marriage between people of different races. This has resulted in more multiracial children.
Persons: Donald J, Trump, Kamala Harris’s, Harris Organizations: New York Times Locations: Chicago, India, Jamaica
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