DIRS.INFO The most relevant business & tech news

Newly released video shows a woman who snuck onto a flight from New York to Paris last week being removed from a returning flight back to the United States after she started screaming. Gary Treichler was on Flight 265 from Paris to New York on Saturday with his family and said the woman started getting louder and louder. After about 20 minutes, the woman started to calm down, according to Treichler. She was removed from the plane by law enforcement when it landed in Paris. TSA will meet the woman at John F. Kennedy International Airport when she returns to the U.S.

Persons: Gary Treichler, NBC's, John F, Charles de Gaulle Organizations: States, NBC, Transportation Security Administration, Kennedy International Airport, TSA Locations: New York, Paris, United States, Russian, France

☆ FastFeetGrinded: How a Dutch recycling company is tackling footwear waste
▼ + stars: | 2024-12-03 | by ( Michelle Cohan | ) edition.cnn.com time to read: +8 min

Widely used materials, such as polyester and ethylene vinyl acetate (EVA), can take a long time to break down. From there, they partnered with a machine manufacturing company, Heilig Group, which helped bring their shoe recycling factory FastFeetGrinded to life. Those materials are then shredded into small pieces, before being separated out by type, and then refined into recycled materials ready for reuse. Making shoes from shoesA shoe made of fully recycled FastFeetGrinded material has yet to hit the market, but brands are making strides to reuse materials. FastFeetGrinded is the brand’s largest footwear recycling partner in Europe; it takes Asics factory floor rejects, as well as used shoes returned in stores.

Persons: ”, Danny Pormes, Erna, who’s, Yuly Fuentes, Fuentes, Medel, ‘ it’s, Deborah Rowland, Pormes, FastFeetGrinded, ” Fuentes, Mendel, FastFeedGrinded, Asics, Romy Miltenberg, Miltenberg, ” Miltenberg, it’s, Erna Pormes, ” Pormes Organizations: CNN, MIT, Heilig, repurposing, Adidas, EMEA, “ Companies, CNN Consumers Locations: Netherlands, Europe, Asics

☆ Vanuatu calls on the World Court to recognize climate change harms
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

Regenvanu said there was an urgent need for a response to climate change that was rooted in international law rather than politics. Mario Tama / Getty Images filesWhile advisory opinions from the International Court of Justice or World Court are not binding, they are legally and politically significant. Experts say the court’s eventual opinion on climate change will probably be cited in climate change-driven lawsuits in courts from Europe to Latin America and beyond. “As judges of the World Court, you possess the power ... to help us course correct and renew hope in humanity’s ability to address the greatest challenge of our time,” she said. Earlier on Monday, Germany also argued that the obligations of states with regard to climate change were established in the Paris climate agreement.

Persons: “, ” Ralph Regenvanu, Regenvanu, ”, Mario Tama, Cynthia Houniuhi, Prince Jalawi Turki al Saud Organizations: Vanuatu, Monday, United Nations, International Court of Justice, Nations Locations: HAGUE, Netherlands, Vanuatu, Port Vila, Europe, Latin America, Solomon Islands, Saudi Arabia, Saudi, Germany, Paris, China, United States

☆ Melbourne: The Australian city that became a global food and drink powerhouse
▼ + stars: | 2024-12-03 | by ( Joe Minihane | ) edition.cnn.com time to read: +9 min

It’s the great Australian city debate, one which pits the commerce, business and money of Sydney against cultural, arts-loving, coffee-drinking Melbourne. Chris Putnam/imageBROKER/ShutterstockThere’s no better way to start a trip to Melbourne than with a proper cup of coffee. The history of coffee in Melbourne goes back to the years after World War II, when Italian immigrants arrived and brought their machines with them. And it's not just coffee 06:24 - Source: CNNKate Reid is the best person to speak with about Melbourne’s coffee obsession. “Neighbours” is set in the fictional Melbourne suburb of Erinsborough, although the street is real, as is the connection to the city.

Persons: Chris Putnam, Lane, CNN Kate Reid, Lune Croissanterie, ”, Reid, “, It’s, that’s, Phillip, Phillip Island, Vivien Zajicek, Cyril Callister, Vegemite superfan Gina Gardenal, upsettingly, Gardenal, Sam Tabone, Kylie Minogue, Guy Pearce, Margot Robbie, Robbie, Amazon’s, CNN Lucinda Cowden, “ Melanie, Cowden, “ Melbourne’s, ” She’s Organizations: CNN, croissants, Little Penguins, Kangaroos, Sydney Opera House, Melbourne Cricket, Cyril, Neighbours Locations: Melbourne, Sydney, Australia, caffeinated Melbourne, Fitzroy, Paris, Phillip, Little, Australian, Uluru, Beaufort, Victoria, England, Champagne, Erinsborough, “, Harold’s

☆ U.S. announces new export controls on China’s chip industry
▼ + stars: | 2024-12-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +6 min

The United States on Monday launched its third crackdown in three years on China’s semiconductor industry, curbing exports to 140 companies, including chip equipment maker Naura Technology Group, among other moves. Chinese companies facing new restrictions include nearly two dozen semiconductor companies, two investment companies and over 100 chipmaking tool makers. The companies include Swaysure Technology Co., Si’En Qingdao and Shenzhen Pensun Technology Co., which work with China’s Huawei Technologies. The telecommunications equipment leader has been hobbled by U.S. sanctions and is now at the center of China’s advanced chip production and development. However, it remains years behind chip industry leaders like Nvidia in AI chips and chip equipment maker ASML in the Netherlands.

Persons: Beijing’s, Biden, Donald Trump, Gina Raimondo, ”, Lam, Lin Jian, JAC, China’s, ASML Organizations: Monday, Naura Technology, ACM Research, SiCarrier Technology, ” Reuters, Lam Research, ASM International ., Swaysure Technology, Si’En, Shenzhen Pensun Technology, China’s Huawei Technologies, Semiconductor Manufacturing, Co, Capital, Wingtech Technology, JAC Capital, ”, U.S Locations: States, China, U.S, Singapore, Malaysia, Si’En Qingdao, Shenzhen, Netherlands, United States, Israel, South Korea, Taiwan, Japan

President-elect Donald Trump said Monday that he would block a Japanese company’s $15 billion bid to acquire U.S. Steel, a contentious deal that faces widespread political opposition. “I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Trump said in a late-night post on his Truth Social platform. A senior Nippon Steel executive told reporters last month that the company hoped to close the deal before Trump returns to the White House in January. The deal is also opposed by the powerful United Steelworkers union, though some other U.S. Steel employees support it. Trump said he would find a way to preserve U.S. Steel as it is.

Persons: Donald Trump, ” Trump, Joe Biden, Kamala Harris, Trump Organizations: U.S . Steel, Nippon Steel, Nippon Steel of, Trump’s Democratic, White, United Steelworkers, . Steel, ” Nippon Steel, U.S, Steel, Biden, Foreign Investment Locations: Nippon Steel of Japan, Pittsburgh, American, Japan, U.S, China, United States

A 30-year-old Hawaii woman at the center of a missing persons search in Los Angeles willfully crossed into Mexico, seemingly as part of her desire to "disconnect," police said Monday. He said that detectives can't say they're "100% right" about their determination but that they know she didn't have her phone after she left Los Angeles International Airport. That day, family members said, she sent messages that concerned them because of their content and a voice that didn't seem to match hers. McDonnell said Kobayashi was reported missing Nov. 13, but the LAPD took over the case on Nov. 15. The Los Angeles County medical examiner said Ryan Kobayashi, 58, died as a result of multiple blunt force trauma injuries.

Persons: Hannah Kobayashi, she's, Jim McDonnell, McDonnell, Kobayashi, Douglas Oldfield, misstated, Aunt Larie Pidgeon, Sydni Kobayashi, Hannah, Pidgeon, Relatives, Kobayashi's, they're, Ryan Kobayashi, they’ve Organizations: Los Angeles Police, Los Angeles International Airport, NBC Los, Los Angeles Police Commission, Los Angeles International Airport Police Department, FBI, Police, NBC, LAX Police, LAX, New York City's Museum of Modern, Metro, Facebook, Greyhound, LAPD, . Customs, Border, Prevention Locations: Hawaii, Angeles, Mexico, Maui, NBC Los Angeles, New York City, Los Angeles, Honolulu, New, New York, Grove, Beverly Grove, South Los Angeles, San Diego's San Ysidro

☆ CNBC Daily Open: Investors are filled with the holiday spirit
▼ + stars: | 2024-12-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

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. $56 billion package for Musk deniedTesla CEO Elon Musk failed to get his $56 billion 2018 pay package reinstated. Crypto laws to pass 'quickly' in U.S. "We have the most pro-crypto Congress ever [in] history, we have an extraordinarily pro-crypto president coming into office," Shirzad told CNBC last week.

Persons: Carlos Tavares, Pat Gelsinger, David Zinsner, MJ Holthaus, Gelsinger, Elon Musk, Donald Trump, Faryar Shirzad, Shirzad Organizations: NYSE, The New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Intel, The, U.S . Federal, Traders Locations: New York City, Delaware, The U.S

☆ A false alarm triggered an emergency landing for an American Airlines flight from Chicago to Las Vegas
▼ + stars: | 2024-12-03 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

AdvertisementAn American Airlines Boeing 737 made an emergency landing during the Thanksgiving weekend. An American Airlines jet made an emergency landing Sunday after the crew reported a "possible electric issue." Advertisement"An indicator light identified a possible mechanical issue that, after inspection, was confirmed to be false," an American Airlines spokesperson told Business Insider. American Airlines said last month it expected to fly 8.3 million people across more than 77,000 flights — with Sunday the busiest day. AdvertisementThe incident came eight days after an American Airlines passenger was taken to hospital after a 777 encountered turbulence between Brazil and Miami.

Organizations: American Airlines Boeing, FAA, American Airlines, Boeing, Chicago O'Hare, Airlines, Chicago O'Hare International Airport, Federal Aviation Administration, The Aviation Herald, . American Airlines, Passengers, Las Vegas, USA Locations: Chicago, Las Vegas, San Francisco, Brazil, Miami

☆ United Airlines CEO on record revenue: December will likely be the best December in company history
▼ + stars: | 2024-12-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnited Airlines CEO on record revenue: December will likely be the best December in company historyCNBC’s Phil LeBeau and United Airlines CEO Scott Kirby join 'Squawk Box' to discuss expansion at Dulles Airport, state of the airline industry, record holiday travel, international travel demand, supply chain challenges, and more.

Persons: Phil LeBeau, Scott Kirby Organizations: Email United, United Airlines, Dulles Airport

☆ Neale Fraser: Australian tennis icon dies at 91
▼ + stars: | 2024-12-03 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —Neale Fraser, the icon of Australian tennis who was the last man to win singles, doubles and mixed doubles titles at a single grand slam, has died aged 91, Tennis Australia announced on Tuesday. In 1959, Fraser won the triple crown – singles, doubles and mixed doubles titles – at the US National Championships, a run which helped make him men’s singles world No. “I am deeply saddened to hear of the passing of my dear mate and fellow lefty, Neale Fraser,” Laver wrote on X, formerly known as Twitter. Tony Feder/Getty ImagesWhen he eventually did so in 1970, Fraser won a further four Davis Cup titles before retiring in 1993. “He was like a father to me,” said Cash, who won the Davis Cup under Fraser in 1983 and 1986.

Persons: CNN — Neale Fraser, Fraser, Australia’s, Rod Laver, “, Neale Fraser, ” Laver, “ Neale, Thea, Neale’s, ”, Laver, Roy Emerson, Harry Hopman, Peter McNamara, Paul McNamee, John Fitzgerald, Pat Cash, Tony Feder, John Newcombe, Cash, ” Fraser, Philippe Chatrier Organizations: CNN, Tennis Australia, Wimbledon, US, Australia’s Davis, Davis, International Tennis Hall of Fame, Australian Tennis Hall of Fame Locations: Australia, Sweden

☆ Here’s what the Pizza Hut of the future looks like
▼ + stars: | 2024-12-03 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Your next visit to a Pizza Hut might remind you of Chipotle. It’s part of broader changes Pizza Hut is showing off at a remodeled location as the chain contends with sluggish sales and increasing competition. Pizza HutPizza Hut and its rivals are struggling as inflation-weary customers hunt for value. “The model that Pizza Hut had used successfully for a few decades was going out of style.”Customers can order via a kiosk for the first time in the US. Pizza Hut is testing the design in Texas before potentially rolling it out to other US cities, though it has about 2,000 of these redesigned restaurants internationally.

Persons: Jonathan Maze, Maze, “, ”, ” Shannon Garcia, Pizza, Garcia, “ It’s Organizations: New, New York CNN, Restaurant Business, CNN, Yum Brands Locations: New York, Plano , Texas, American, people’s, Texas, United States

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Citi, CVS, American Express, Amazon, Kroger & more
▼ + stars: | 2024-12-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Bernstein downgrades FedEx to market perform from outperform Bernstein said it was downgrading FedEx ahead of earnings later this month due to fears about execution. "We are upgrading Citi to Outperform from Market Perform owing to its discounted valuation and the meaningful lag in its shares relative to peers since October earnings." Deutsche Bank upgrades CVS to buy from hold Deutsche says it sees "improving profitability" for CVS. BMO downgrades Kroger to market perform from outperform BMO says the grocery store stock is overvalued. Bank of America reiterates Apple as buy Bank of America says it's sticking with its buy rating Apple following data showing an increase in App Store revenue.

Persons: Wells, Bernstein, KBW, Jefferies, Morgan Stanley, CFRA, Tesla, it's, OLLI, Mgmt, Mizuho, MoffettNathanson, Moffett Organizations: Citi, Citigroup, FedEx, Deutsche Bank, CVS, Deutsche, BMO, Kroger, KR, American Express, Holdings, Bank of America, underperform Bank of America, Underperform, " Bank of America, Apple, Nvidia, Data Center, 2027E Locations: Wells Fargo, F1Q25, North America

☆ Watch CNBC's full interview with Rockefeller International chairman Ruchir Sharma
▼ + stars: | 2024-12-03 | 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 EmailWatch CNBC's full interview with Rockefeller International chairman Ruchir SharmaRuchir Sharma, Rockefeller International chairman and founder, Breakout Capital CIO and ‘What Went Wrong With Capitalism’ author, joins 'Squawk Box' to discuss investing in American markets, whether the U.S. market is overhyped, the gap between American and the rest of the world, President-elect Trump's impact on the markets, and more.

Persons: Ruchir Sharma Ruchir Sharma Organizations: Rockefeller International, Breakout Capital Locations: U.S

☆ I've visited 94 countries. I always follow these 4 money-saving tips when I travel.
▼ + stars: | 2024-12-03 | by ( Lola Méndez | ) www.businessinsider.com time to read: +3 min

AdvertisementI've spent years traveling to 94 countries which has taught me some great money-saving travel tips. I don't pay to check a bag when I travel, and I seek out free activities, like walking tours. Throughout my trips to 94 countries and all seven continents, I've learned a lot of ways to save money abroad — some through trial and error. Get the best deal on local currencyI don't travel with cash unless I'm going to a destination where it's difficult to access ATMs. I also check sites like GuruWalk and SANDEMANs, which offer free local walking tours around the globe.

Persons: I've, Charles Schwab Organizations: Getty Locations: Turkey, Tunisia, Jordan, Egypt, Estonia, Uruguay, Thailand

☆ Gotham Awards 2024: Zendaya honors mom, while Nicole Kidman and Pamela Anderson bring ’90s nostalgia
▼ + stars: | 2024-12-03 | by ( Lisa Respers France | ) edition.cnn.com time to read: +2 min

CNN —The stars were out Monday night for this year’s Gotham Awards, held at Cipriani Wall Street in New York City. The event “honors visionary talent in front of and behind the camera, expands the audience for groundbreaking film and television, and supports the year-round work of the not-for-profit The Gotham Film & Media Institute,” according to the organization’s site. Zendaya received the Spotlight Tribute for her role in the film “Challengers,” and she used the moment to honor her mother, Claire Stoermer. Kidman arrived in a vintage Dolce & Gabbana gown from 1998, while Pamela Anderson hit the red carpet with a makeup-free face. I just feel in my personal life, it just didn’t really make sense.”Timothée Chalamet and James Mangold received the Visionary Tribute for their collaboration on “A Complete Unknown,” the upcoming Bob Dylan biopic.

Persons: Zendaya, Claire Stoermer, “, she’s, ” Nicole Kidman, Kidman, Pamela Anderson, ” Anderson, ”, Timothée Chalamet, James Mangold, Bob Dylan, Angelina Jolie, Maria Callas, Pablo Larrain’s, Maria, ” Franklin Leonard, Denis Villeneuve, Samuel L, Jackson, John David Washington, Ray Fisher, Danielle Deadwyler, Michael Potts, Corey Hawkins, Erykah Badu, RaMell Ross, Azazel Jacobs, Gotham, Vera Drew, Joker, Colman Domingo, Clarence Maclin, Brandon Wilson Organizations: CNN, Gotham Film & Media Institute, ”, Dolce Locations: Cipriani, New York City, “

Paris CNN —Delta Air Lines has refused to transport the Russian woman who stowed away on a flight to Paris from New York last week, a Paris airport official has told CNN. ET) Tuesday, a Paris airport official told CNN. The woman was onboard the plane when Delta refused to fly her, according to the official. Authorities in the US are continuing to investigate how the woman sneaked onto the initial Delta flight without a ticket. Inspectors from the Transportation Security Administration are preparing a civil case against the stowaway after reviewing airport security video from inside John F. Kennedy International Airport, agency spokesperson Alexa Lopez told CNN.

Persons: John F, ’, Gary Treichler, Alexa Lopez, ” Lopez, “ Organizations: Paris CNN — Delta Air Lines, CNN, Kennedy International Airport, USA, Authorities, Transportation Security Administration, TSA, Justice Department . Delta Locations: Paris, New York, France, New

☆ Asian chip stocks mostly rise, shrugging off new U.S. semiconductor export curbs on China
▼ + stars: | 2024-12-03 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

Major Asian chip stocks outside of China rose Tuesday, shrugging off a new round of U.S. semiconductor export curbs aimed at impairing Beijing's capability to produce certain high-end chips. Taiwan Semiconductor Manufacturing Company — the world's largest contract chip supplier — saw shares rise 2.4%. The Biden administration's latest chip curbs will also target sales of high-bandwidth memory chips, which could affect the world's two largest memory chip makers — South Korea's SK Hynix and Samsung. Naura Technology Group , Piotech and ACM Research were among the largest Chinese companies to be included in the export controls list. The latest export restrictions include a new "red flag guidance" to address compliance concerns, and several "critical regulatory changes" to enhance the effectiveness of existing controls.

Persons: shrugging, Lasertec, Advantest, Biden, Derrick Irwin, CNBC's, Gina Raimondo, Harris Administration's, TSMC Organizations: Taiwan Semiconductor Manufacturing, Korea's SK Hynix, Samsung, Samsung Electronics, SK Hynix, Allspring Global Investments, The, of Commerce, Naura Technology, Piotech, ACM Research, Semiconductor Manufacturing International Corporation, Hong Kong . U.S, Biden, Huawei Locations: China, Tokyo, Korea's, Hong Kong .

☆ How UK Export Finance is supporting ethnic minority-led businesses to achieve their global ambitions
▼ + stars: | 2024-12-03 | by ( Sponsored Uk Export Finance | ) www.businessinsider.com time to read: +7 min

UK Export Finance helps ethnic minority-led businesses win, fulfill, and get paid for international business by providing guarantees, insurance and loans to support export activities. UK Export Finance (UKEF) is the UK government's export credit agency. UKEF can help ethnic minority-led businesses through its network of regional Export Finance Managers (EFMs) based around the UK. Once a business has an export plan in place, UK Export Finance can make it a reality by providing finance support. Supporting ethnic minority-led businesses to access export financeEthnic minority-led businesses contribute £25 billion to the UK economy per year, according to research from the Federation of Small Business.

Persons: Hitesh Patel, EFMs, Alissia Deane, Patel, Deane, they're, it's Organizations: Export Finance, UKEF's Export Insurance, Department for Business and Trade, Federation of Small, UK Finance, Research, The British Business Bank, London Chamber of Commerce, Venture Capital, UKEF, Department for Business, Trade, UK Export Finance, Insider Studios Locations: London, West Yorkshire, DBT, UKEF

☆ Putin makes it official: Russia is all in on defense spending
▼ + stars: | 2024-12-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

AdvertisementPutin has signed off on a record defense budget for 2025 amid the ongoing Ukraine war. Defense spending will rise to 13.5 trillion rubles, making up a third of the country's budget. Russian President Vladimir Putin has signed off a federal budget that will boost defense spending to a record level next year. However, Russia's economy is under pressure, with wartime activities driving the economy so hot that inflation has spiked. Russia's economy ministry forecasts that the country's economy will grow by 3.9% this year and 2.5% next year.

Persons: Vladimir Putin, Putin, Russia's, Andrei Kostin, VTB —, —, Kostin Organizations: Putin, Defense, Russian, Russia, Institute for, Reuters, Monetary, IMF Locations: Ukraine, Russian, Russia, Russia's

☆ Top U.N. Envoy Says Gaza War Followed Years of Weak Diplomacy
▼ + stars: | 2024-12-03 | by ( Patrick Kingsley | ) www.nytimes.com time to read: 1 min

In September last year, the top United Nations envoy for the Middle East peace process left a meeting with Hamas leaders in Gaza thinking that he had helped avert a major escalation. The veteran Norwegian diplomat, Tor Wennesland, said he believed that Hamas had agreed to reduce recent tensions along the Israel-Gaza border in exchange for more work permits for Gazan workers. But Hamas had bluffed Mr. Wennesland, along with the Israeli leadership and much of the international community. Days later, the group’s fighters attacked Israel, setting off the deadliest year in the history of the Israeli-Palestinian conflict. It was a misconception that Mr. Wennesland now says is emblematic of the problem with the international community’s recent approach to the Israeli-Palestinian conflict.

Persons: Tor Wennesland, Wennesland Organizations: United Nations, Hamas Locations: Gaza, Norwegian, Israel

☆ Everyone has given up on the idea of investing outside of America, says Rockefeller’s Ruchir Sharma
▼ + stars: | 2024-12-03 | 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 EmailEveryone has given up on the idea of investing outside of America, says Rockefeller’s Ruchir SharmaRuchir Sharma, Rockefeller International chairman and founder, Breakout Capital CIO and ‘What Went Wrong With Capitalism’ author, joins 'Squawk Box' to discuss investing in American markets, whether the U.S. market is overhyped, the gap between American and the rest of the world, President-elect Trump's impact on the markets, and more.

Persons: Rockefeller’s Ruchir Sharma Ruchir Sharma Organizations: Rockefeller International, Breakout Capital Locations: America, U.S

☆ Trump ramped up his trade threats against a group of nations that are skeptical of the dollar. Here's what the US buys from the 9 countries at risk.
▼ + stars: | 2024-12-03 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +4 min

AdvertisementPresident-elect Donald Trump's latest tariff threat is 100% on goods from a group of nine countries known as BRICS. Business Insider looked at the top goods the US imports from BRICS nations, including medicine, apparel, and electronics. Census Bureau trade data showed that in 2023, the BRICS nations together accounted for about $578 billion in imports to the US. India accounted for much of the imports when looking at the BRICS nations, excluding China. Luiz Inácio Lula da Silva, Brazil's president, proposed creating a common currency among the BRICS nations last year, which could help avoid US sanctions.

Persons: Donald Trump's, Trump, Luiz Inácio Lula da Silva, Dmitry Peskov, GOP Sen, Bill Hagerty, Hagerty Organizations: United, United Arab Emirates, U.S, International Trade, Business, China, Trump, Walmart, Columbia, GOP, NBC Locations: BRICS, Brazil, Russia, India, China, South Africa, Ethiopia, Egypt, Iran, United Arab, America, Mexico, Canada

☆ CNBC Daily Open: Investors are filled with the festive spirit
▼ + stars: | 2024-12-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

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. The Wall Street bank just refreshed its list of global stocks, including three it gave potential upside of more than 40% . $56 billion package for Musk denied Tesla CEO Elon Musk failed to get his $56 billion 2018 pay package reinstated. "The holiday season is in full swing and spirits seem bright, at least among investors," UBS wrote in a Monday note.

Persons: Goldman Sachs, Elon Musk, Pat Gelsinger, David Zinsner, MJ Holthaus, Gelsinger, Jay Hatfield, —, Hatfield, Oppenheimer, John Stoltzfus, Savita Subramanian, Lisa Kailai Han, Alex Harring, Pia Singh Organizations: CNBC, Intel, Investors, Nasdaq, Dow Jones, UBS, Conference Board, downer, Investment, Bank of America Locations: Delaware

☆ China hits back at Biden's chip restrictions by banning shipments of key materials to the US
▼ + stars: | 2024-12-03 | by ( Robert Scammell | ) www.businessinsider.com time to read: +3 min

AdvertisementChina's Ministry of Commerce said on Tuesday it will halt shipments of key materials to the US. China's Ministry of Commerce said it was responding to fresh US chip export bans, announced Monday. China has retaliated against the Biden administration's semiconductor export controls by banning shipments of key materials to the US, ramping up the global chip war ahead of Donald Trump's second term. AdvertisementThe so-called "dual-use" materials include gallium, germanium, antimony, and superhard materials. AdvertisementChina's retaliation follows President Joe Biden's third wave of sanctions against US companies exporting materials to China's chip industry, announced on Monday.

Persons: Donald Trump's, Joe Biden's, Gina Raimondo, Trump, Logan Paul Organizations: China's, of Commerce, China's Ministry of Commerce, Biden, Geological Survey, Huawei, Semiconductor Manufacturing International Corp, Reuters, The New York Times, Department, Commerce Locations: China, Republic

Search resuls for: "" International"

25 mentions found