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One Churchill Place skyscraper, the Barclays Plc headquarters, at Canary Wharf in London, U.K., on Thursday, Jan. 7, 2021. Britain's financial regulator said on Monday it had fined Barclays 40 million pounds ($50.9 million) in total for its failure to disclose certain arrangements with Qatari entities in 2008. The fine by the Financial Conduct Authority dates back to the height of the 2008-9 financial crisis, when Barclays scrambled to raise funds from overseas investors including Qatar in order to avoid a state bailout. The FCA at the time fined Barclays 50 million pounds, which the bank appealed. The interests of the bank, its shareholders and other stakeholders were best served by the withdrawal, Barclays said, adding that there was no material financial impact from the fine.
Organizations: Barclays Plc, Barclays, Financial Locations: Canary, London, Qatar
AdvertisementTrump has been hard on EVs, but a new friendship with Elon Musk could change things. So far, Musk supports Trump's plans to dismantle EV tax credits. Automakers had hoped that Musk would support EV regulations and tax credits, but it appears the CEO is siding with Trump for now. An industry group representing many automakers (but not Tesla) pleaded with Trump to preserve EV tax credits but reconsider some of the more stringent emissions regulations. This was an about-face from Musk's stance a few months earlier when he advocated for trade barriers and warned that Chinese EV companies would "demolish" competition without guardrails.
Persons: Elon, Donald Trump, Elon Musk, Trump, he's, Trump's, Musk, Tesla Organizations: Trump, Biden, Government, Trump's, EV, Tesla, Twitter, US, Alliance, Automotive Innovation, Biden Administration Locations: Lago, China, Europe
They're trying to figure out what to do. They're trying to figure out what to do. Thanks to muscle memory from the tariffs Trump imposed in 2018, he says, many businesses are speeding up their shipping schedules — racing to get as many goods as possible into the country before any new tariffs are implemented. So did dryers, even though they weren't subject to tariffs — companies figured customers would assume that two related products were subject to the same inflationary forces. Related stories"If they can accelerate big purchases they know they're going to make, they should do that," says Lovely, the senior fellow at the Peterson Institute.
Persons: Donald Trump's, I'm, I've, Jolie, Trump, Greg Daco, Mary Lovely, Ernie Tedeschi, Biden, Steve Madden, Paul Brashier, Brashier, Stephen Lamar, Mike Brey, Brey, Lindsay Owens, Tedeschi, it's, didn't, Emily Stewart Organizations: Trump . Companies, Yale Budget, Peterson Institute, Yale Budget Lab, ITS Logistics, Trump, American Apparel and Footwear Association, Hobby Works, tote, Apple Watch, Business Locations: United States, New York City, China, EY, American, Vietnam, Mexico, USA
Your questions about Trump 2.0, answered
  + stars: | 2024-11-22 | by ( Zachary B. Wolf | Leinz Vales | ) edition.cnn.com   time to read: +19 min
CNN —When we asked CNN readers for their questions about the incoming Trump 2.0 administration, we got a lot of nervous and scared feedback. Donald Trump and Ivanka Trump walk to Marine One at the White House in Washington, DC, on January 4, 2021. This is her response:Trump has promised to protect Social Security and not raise the retirement age or make other cuts. For more, read Luhby’s story on how a second Trump term could affect Social Security benefits. For his second term, Trump has promised to find military officials more loyal to him and that he’ll fight an “enemy from within” of political opponents.
Persons: Donald Trump’s, I’m, , Catherine Shoichet, Shoichet, Trump, , Lisa Graybill, Tom Homan, He’s, Kelli Stump, she’s, , Ashley, Joe Biden, Eric Gay, Stephen Miller, Trump’s, Alan, Jim Sciutto, Roman Plipey, Afghanistan –, Vladimir, Putin, Marco, Rubio, Mike, Waltz –, Tulsi, Gabbard, Will, Greg, ” Trump, Donald Trump, Ivanka Trump, Joshua Roberts, hasn’t, Tami Luhby, James, There’s, Portugal's, Armando Franca, Lawrence, Katie Lobosco, that’s, there’s, , Biden’s, Will Trump, Biden, Emily, … Gustavo, doesn’t Biden, Steve Here’s, Ella Nilsen, Jim Watson, it’s, Will Trump’s, Keith Trump’s, Nixon, Adam, ” Sen, Adam Schiff of, ” Schiff, Matt Gaetz Organizations: CNN, Trump, Security, National Immigration Law Center, American Immigration Lawyers, Ashley Presidents, US Customs, National Guard, US, Ukraine, Getty, NATO, White, Reuters, Social, Social Security, Bee, FBI, New Jersey Trump, Republicans, Congress, Pentagon, Trump White House, NPR Locations: Rio, Mexico, Eagle Pass , Texas, Ukraine, Powers, Russia, China, Europe, Kyiv, Roman, AFP, Afghanistan, Maine, Washington ,, Barbara, Louisiana, Italy, Lisbon, Illinois, New Jersey, Florida, North Carolina, Colorado, Red Butte, Tusayan , Arizona, Adam Schiff of California
A Spanish research vessel that investigates marine ecosystems has been abruptly diverted from its usual task to take on a new job: Helping in the increasingly desperate search for the missing from Spain’s floods. Carrera, 60, is head of the fleet of the research vessels run by the Spanish Institute of Oceanography, a government-funded science center under the umbrella of the Spanish National Research Council. The boat also helped research the impact from the lava flow that reached the sea from the 2021 La Palma volcano eruption in Spain’s Canary Islands. Finding a body at sea, Carrera said, is highly unlikely. Those findings will contribute to initiatives by other Spanish research centers to study Spain’s deadliest floods of the century.
Persons: Pablo Carrera, ” Carrera, Emilio Morenatti, David Ramos, Carrera, CESAR MANSO, Organizations: Associated Press, Getty, Spanish Institute of Oceanography, Spanish National Research Council Locations: Spanish, Valencia, Carrera, Alicante, Spain’s, Palma, Canary, AFP, Spain, Valencian, Turis
Now, Stevenson is a published author and teaches economics through his YouTube channel, Garyseconomics. He discusses his time in Basic Underwater Demolition/SEAL training, or BUD/S, and how he was recruited. After seeing combat in Afghanistan, Iraq, and Haiti, Ryan left the Navy and worked as a contractor for the CIA. He discusses work as a spy and CIA protocol. Kenneth Valentine served as a special agent in the US Secret Service for 24 years and protected three sitting presidents, Bill Clinton, George W. Bush, and Barack Obama.
Persons: Gary Stevenson, Stevenson, Shawn Ryan, Ryan, Shawn Ryan Show, Andrew Bustamante, Bustamante, Maven Huffman, Huffman, Vince McMahon, Kenneth Valentine, Bill Clinton, George W, Bush, Barack Obama, Valentine, Donald Trump, he's, Mike Chioda's, Gary Stevenson's, Shawn Ryan https Organizations: Citibank, Business, YouTube, Navy, CIA, Central Intelligence Agency, Peace Corps, Air Force, WWE, Service, BI Locations: London, Tokyo, Canary Wharf, Afghanistan, Iraq, Haiti
CNN —In the closely watched battleground state of Michigan, election officials are under the microscope, with isolated mistakes or missteps serving as fodder for election deniers to lay the groundwork for widespread doubt of election results. Some of the confusion appears to have originated from a post on X by Matthew DePerno, one of the more high-profile election deniers in Michigan. DePerno has pleaded not guilty in the voting machines case. When it does happen, we take it extremely seriously,” Michigan Secretary of State Jocelyn Benson and Washtenaw County Prosecutor Eli Savit said in a statement. Despite the recent challenges, election officials in Michigan say they are confident that they are prepared to withstand efforts to undermine confidence in the results.
Persons: Lawrence Kestenbaum, , Matthew DePerno, DePerno, Donald Trump, Lara Trump, Jocelyn Benson, , Ben Decker, Eli Savit, can’t, Kestenbaum, David Becker, Benson, Elon Musk, Dominion “, Joe Biden’s, ” he’s, ” Kestenbaum, Kylie Atwood Organizations: CNN, GOP, Republican National Committee, Democrat, Trump, Pundit, University of Michigan, Authorities, Department, Election Innovation, Research, Investigations, Michigan, Tech, Benson, The Michigan Department of State, of, “ Dominion, Dominion Locations: Michigan, Washtenaw County, Ann Arbor, of Michigan, Barry County , Michigan
HSBC Holdings Plc building at Canada Square in Canary Wharf financial district on 15th August 2023 in London, United Kingdom. Here are HSBC's results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:Pre-tax profit: $8.5 billion vs. $8 billion$8.5 billion vs. $8 billion Revenue: $17 billion vs. $16.2 billionHSBC's pre-tax profit represented a 10% rise from the $7.71 billion posted a year ago. Profit after tax came in at $6.7 billion, $500 million higher than the third quarter of 2023. The company's quarterly revenue grew 5% to $17 billion, compared to the $16.2 billion that was reported a year agoThe bank's fresh $3 million share buyback brings the total amount announced this year to $9 billion — $3 billion was announced in the first quarter and another $3 billion in the second quarter. Basic earnings per share for the quarter came in at 34 cents, higher than 29 cents in the same period a year ago.
Persons: LSEG, That's, Georges Elhedery Organizations: HSBC Holdings Plc, HSBC, Tuesday Locations: Canary Wharf, London, United Kingdom, Hong Kong, U.K
Gary Stevenson, the author of "The Trading Game," spent his early 20s trading trillions of dollars for Citibank in London and Tokyo. He talks to Business Insider about office culture in Canary Wharf, London; the bosses; and the bonuses. He covers the mindset of profitable bankers, their daily routine, and what leaving the job was like. Now, Gary teaches economics through his YouTube channel, Garyseconomics. For more:"The Trading Game" — US publication"The Trading Game" — UK publicationGary's YouTube channel
Persons: Gary Stevenson, Gary, Gary's Organizations: Citibank, Business, YouTube, BI Locations: London, Tokyo, Canary Wharf , London
Asking prices for UK homes barely rise in October, Rightmove says
  + stars: | 2024-10-21 | by ( ) www.cnbc.com   time to read: +1 min
Asking prices for British homes rose only marginally in October as more properties came onto the market, according a survey on Monday that also suggested some buyers were waiting for clarity on tax changes in the new government's upcoming budget. Asking prices rose by just 0.3% in October, well below their average for a 1.3% monthly increase for the month, property website Rightmove said. Overall activity in the property market remained strong, with buyer demand rising. "Despite a budget-shaped cloud on the horizon, the big picture still looks positive for the market heading into 2025. Mortgage lenders Halifax and Nationwide both reported rises in house prices in September.
Persons: Rightmove, Tim Bannister, Bannister Organizations: Bank of England, Nationwide Locations: London's Muswell Hill, London, Halifax
Spain's tourism is still booming, with record numbers of international visitors. A travel industry expert said mass protests are unlikely on their own to deter travelers. AdvertisementProtesters in Spain staged massive demonstrations against overtourism this year that made headlines worldwide — especially after spraying tourists in Barcelona with water guns. The tourism protests intensified in April when an estimated 20,000 to 50,000 people in the Canary Islands demanded tourism limits be enacted. The protests, however, could impact government policy in a way that may help curb or better manage tourism in the future, Eylon said.
Persons: , Amir Eylon, it's, Eylon Organizations: overtourism, Service, Spain's National Statistics Institute, Business, Longwoods Locations: Spain, Barcelona, Mallorca, Malaga, Spanish, Canary
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpportunity for the U.K. to take the bull by the horns: Canary Wharf Group CEOCanary Wharf Group CEO Shobi Khan discusses the U.K. budget and what it might mean for national growth.
Persons: Shobi Khan Organizations: Canary Wharf Locations: Wharf
The Canary Wharf business district is seen in the distance behind autumnal leaves on October 09, 2024 in London, United Kingdom. LONDON — Inflation in the U.K. dropped sharply to 1.7% in September, the Office for National Statistics said Wednesday. Economists polled by Reuters had expected the headline rate to come in at a higher 1.9% for the month, in the first dip of the print below the Bank of England's 2% target since April 2021. Inflation has been hovering around that level for the last four months, and came in at 2.2% in August. Core and services inflation are key watch points for Bank of England policymakers as they mull whether to cut interest rates again at their November meeting.
Persons: Price Organizations: National Statistics, Reuters, Bank of England's, Bank of England Locations: Wharf, London, United Kingdom
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSemiconductors are 'canary in the coal mine' for tech sector, says Dan NilesDan Niles, Niles Investment Management founder & portfolio manager, joins 'Fast Money' to talk what is next for the chips trade.
Persons: Dan Niles Dan Niles Organizations: Semiconductors, Niles Investment Management
Citigroup reported third-quarter results before the opening bell on Tuesday that topped Wall Street expectations, with growth in investment banking and wealth management. Wealth revenue rose 9%. Net income fell to $3.2 billion, or $1.51 per share, from $3.5 billion, or $1.63 per share, a year earlier. Citigroup CEO Jane Fraser took over in March 2021 and has focused on slimming down the bank during her tenure. The other major banks that have reported third-quarter results so far have also beaten earnings expectations, including Goldman Sachs and JPMorgan Chase.
Persons: LSEG, Jane Fraser, Fraser, outperforming, Goldman Sachs Organizations: Citibank, Citigroup, Wall, JPMorgan Chase Locations: Canada, Wharf, London
Lawyers for The New York Times are poring through ChatGPT's source code and training material. It is there to be inspected by lawyers for The New York Times. The Times' lawyers can share their notes with up to five outside consultants to help them understand what the code does. That text includes stories from The New York Times, articles from other publications, and an untold number of copyrighted books. OpenAI similarly used high-quality, well-researched, well-written, and fact-based New York Times articles to make ChatGPT so impressive, the Times argues.
Persons: morass, , Sam Altman, Susman Godfrey, Mother Jones, George RR Martin, Jodi Picoult, Nehisi Coates, Kristelia García, Axel Springer, García, OpenAI, Justin Nelson, Godfrey, Nelson, Daniel Ek, Sean Parker, Matthew Sag, poring, Christa Laser Organizations: The New York Times, Service, Times, Publishers, Fox News, The New York Daily News, Georgetown University Law, Business, New York Times, Microsoft, Napster, Anthropic, OpenAI, Spotify, Emory University, America, Cleveland State University Locations: United States, Manhattan
Israel launches a ground operation in Lebanon. North Carolina residents raise questions over disaster responseNorth Carolina residents are only beginning to pick up the pieces after Helene roared through the western part of the state, causing devastating flooding and catastrophic damage. At least 49 people have died and dozens of others are missing in western North Carolina, which includes hard-hit Asheville. But some North Carolina residents are criticizing what they view as a lack of preparation for the storm. In recent weeks, Israel has launched attacks using exploding pagers and walkie talkies, unleashed heavy bombings in Lebanon and killed longtime Hezbollah leader Hassan Nasrallah.
Persons: Vance, Tim Walz, Helene, Roy Cooper, , Deanne Criswell, Sara Legatski, , Hassan Nasrallah, Read, Sen, JD Vance, Donald Trump’s, Walz, Kamala Harris ’, Vance’s, , Biden, Harris, longshoremen, Carter, Jimmy Carter, Claudia Sheinbuam, Pete Rose, League Baseball’s, Sing, Jon, Adrian Velazquez, Gadiel del Orbe, del Orbe, — Sandra Lilley, Elizabeth Robinson Organizations: NBC, Asheville . North Carolina Gov, FEMA, Spokespeople, Reuters, AFP, Getty Israel, Lebanon's, Israel Defense Forces, Minnesota Gov, CBS, Getty, Vance’s Yale Law, Democratic Party, International Longshoremen’s Association, United States Maritime Alliance, Workers, League, Sing Sing, del, Vanderbilt University Locations: Asheville , North Carolina, Israel, Lebanon, North Carolina, Carolina, Asheville ., Asheville, Florida, Buncombe County, didn’t, Beirut, Ohio, New York, Springfield , Ohio, East Coast, Gulf Coast, Georgia, NYPD, Kentucky, Spain
Nine people, one of them a child, have been confirmed as dead after their boat sank in the early hours of Saturday morning, emergency and rescue services said. “After what happened yesterday and if the forecast for the arrival of the migrant boats happens, then it will be the biggest humanitarian crisis to happen to the Canary Islands in 30 years,” Candelaria Delgado of the Canary Islands government, told reporters on Sunday. Three of those rescued suffered from hypothermia and dehydration, rescue services said on Sunday. As hopes of finding more survivors diminished, police installed a morgue on El Hierro, authorities said. Three other boats reached the Canary Islands during the night, carrying 208 migrants.
Persons: El, Frontex, ” Candelaria Delgado Organizations: Spain Reuters — Patrol, Rescuers, Spanish coastguard, Reuters, Channel, Canary Locations: El Hierro, Spain, Africa, Canary, Spanish, Mali, Mauritania, Senegal, West Africa, Turkey, Greece, Britain, Lanzarote
The asteroid, dubbed 2024 PT5, is 33 feet long — roughly equivalent to a standard school bus. The asteroid is expected to enter Earth’s orbit Sunday and lurk there until Nov. 25, just over 56 days, Marcos said. Astronomers in Arizona spotted a different visiting mini-moon — a tiny asteroid named 2020 CD3 — in Earth’s orbit in February 2020. “A short mini-moon episode may last hours, days, weeks or a few months, and the affected object does not complete one revolution around Earth,” he said in an email. An early warning system for asteroids known as ATLAS (short for Asteroid Terrestrial-impact Last Alert System) discovered 2024 PT5 in early August.
Persons: , Carlos de la Fuente Marcos, Marcos, It’s, ” Marcos Organizations: American Astronomical Society, Gran, Canarias, NASA, University of Hawaii Locations: Spain, Arizona, Canary
The 2024 White House race remains too close to call, but Vice President Kamala Harris' momentum is evident when you look just a little past the horse race. Earlier this week, Harris' favorability emerged above water for the first time since shortly after President Joe Biden took office. Soltis Anderson discussed a poll that the interest group commissioned, which found Harris has expanded Biden's once-meager lead over women voters aged 50 and over. Unlike Clinton, Walsh pointed out Harris hasn't spent decades in the spotlight and isn't faced with assuaging voters' fears of a potential political dynasty. Harris' favorability was up slightly in both Pennsylvania and Michigan.
Persons: Kamala Harris, Harris, favorability, Joe Biden, She's, Kristen Soltis Anderson, Soltis Anderson, Debbie Walsh, Tim Malloy, Likability, Barack Obama's, Hillary Clinton, Donald Trump's, Nikki Haley, Gabe Fleisher, reexamined, Trump, Nate Silver's, Walsh, There's, Clinton, Harris hasn't, isn't, Clinton's favorability, Obama's, Mark Robinson, Robinson, Sen, JD Vance, he's, Malloy Organizations: Service, AARP, Business, Center for American Women, Politics, Quinnipiac University Poll, Democratic, Research, Pew Research, State, Rutgers University, Gov, CNN, Republicans, Trump Tower, Trump Locations: North Carolina, Nazi, Nebraska, FiveThirtyEight's, Trump, Pennsylvania, Michigan, Wisconsin
Earth is about to have a temporary ‘mini-moon’
  + stars: | 2024-09-20 | by ( Ashley Strickland | ) edition.cnn.com   time to read: +6 min
But as a mini-moon, Asteroid 2024 PT5 isn’t in any danger of colliding with Earth now or over the next few decades, de la Fuente Marcos said. Asteroid 2020 CD3 is considered a long-capture mini-moon, while the newly detected Asteroid 2024 PT5 is a short-capture one. Short mini-moon events can occur several times per decade, but long mini-moon events are rare, and only occur every 10 or 20 years, de la Fuente Marcos said. “In order to become a mini-moon, an incoming body has to approach Earth slowly at close range,” de la Fuente Marcos said. After 56.6 days, the sun’s gravitational pull will bring Asteroid 2024 PT5 back into its normal orbit.
Persons: PT5, Carlos de la Fuente Marcos, la Fuente Marcos, orbiters, flybys, It’s, , Robert Jedicke, ” Jedicke, Jedicke, Organizations: CNN, American Astronomical Society, Astronomers, NASA, Complutense University of Madrid, University of Hawaii’s Institute for Astronomy, Gran, Canarias, Telescope Locations: South Africa, Chelyabinsk, Russia, Hiroshima, Japan, Mars, Canary, Earth
German woman dies after shark attack near Canary Islands
  + stars: | 2024-09-18 | by ( Jack Guy | ) edition.cnn.com   time to read: +1 min
CNN —A woman has died following a shark attack in the Atlantic Ocean near the Canary Islands, a Spanish archipelago off the northwest coast of Africa. She was transferred by helicopter to a hospital on the Canary island of Gran Canaria, where she died, the spokesperson added. The woman suffered a heart attack after losing her leg, according to local media reports confirmed to CNN by Sasemar. Shark attacks near the Canary Islands are rare, according to the Florida Museum of Natural History’s International Shark Attack File, with only six confirmed incidents on record. The Canary Islands have long been a popular holiday destination, thanks to their temperate year-round climate.
Organizations: CNN, Guardia Civil, Gran Canaria, Sasemar, Florida Museum, Natural Locations: Spanish, Africa, Gran, Dakhla, Western Sahara, Las Palmas
CNBC Daily Open: Lower rates might hurt banks
  + stars: | 2024-09-11 | 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. Tough environment for European companiesChina's environment for businesses is so thorny that European companies have grown discouraged with operating in the country, according to the EU Chamber of Commerce. If European companies were to invest in China further, Beijing must act on its pledges to improve the business conditions, the chamber's paper wrote. CNBC Pro looked for companies headquartered overseas, but listed in the U.S. – and may experience over 100% upside, according to analysts.
Persons: Morgan, Dow, First Harris, Kamala Harris, Donald Trump, Taylor Swift, Harris, Cat Lady Organizations: Canary, CNBC, Nasdaq, Japan's Nikkei, U.S ., Trump, EU Chamber of Commerce, Federal Reserve Locations: Wharf, London, United Kingdom, Asia, Pacific, fracking, China, Instagram, Beijing, U.S
CNN —Authorities in the Spanish city of Malaga have posted billboards that aim to educate tourists on appropriate behavior during their visit, including one that reminds them to wear clothes. Now, city hall has launched a campaign that aims to cut down on some of the more visible examples of bad behavior. “Both on the street and in public places always wear an upper garment for respect and hygiene.”Another billboard from the campaign. The city is one of many in Spain and its islands that is pushing back against the impact of tourism. In May, there were further crackdowns on party boats and public drinking on the islands of Ibiza and Mallorca.
Persons: Costa, , Amarachi Orie Organizations: CNN, Authorities, del Sol, Malaga Tourism, Costa del Sol, Locations: Spanish, Malaga, del, Andalusia, Spain, United Kingdom, Barcelona, Ibiza, Mallorca, Canary
WASHINGTON — Allies of Donald Trump see Tuesday's debate as a pivotal moment for the Republican presidential nominee — a chance to shore up support and turn the corner from Kamala Harris' post-nomination "honeymoon." Trump allies are hopeful that the debate will cap a turnaround from the recent weeks of tumult and help him enter the fall on a competitive footing. “Everyone on Team Trump firmly believes that we’re better-positioned to win,” said a source close to Trump. Harris poses a different set of challenges for Trump on the debate stage. “The Democrats and the Harris campaign have done an amazing job at messaging and hitting at the right time.
Persons: Donald Trump, , Kamala Harris, , Hillary Clinton, Trump, Joe Biden's, Biden, Harris, Republicans fretting, Team Trump, we’re, “ Harris won’t, they’re, ” Trump, he's, ” Jason Miller, Brandon Scholz, Scholz, Republicans —, Brian Kemp, , Dan Eberhart, Corey Lewandowski, ” Eberhart, “ Trump, “ They’ve, Ed Broyhill, they’ve, ” Harris ’, Ford O'Connell, wasn’t, ” Scholz, Sen, Rick Santorum Organizations: WASHINGTON — Allies, Republican, Trump, Democratic, Republicans, Team, Wisconsin GOP, Supporters, Georgia Gov, North Carolina Republican National, Biden, GOP, , Democrats Locations: WASHINGTON, Milwaukee, Trump, Biden's, Florida, Wisconsin, New York City
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