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Persons: Gary Locations: Sweden, Batumi , Georgia, Italy
HONG KONG — Former Hong Kong publisher Jimmy Lai began testifying Wednesday in his landmark national security trial that is widely seen as a measure of press freedom and judicial independence in the Chinese territory. He is fighting charges of colluding with foreign forces to endanger national security and conspiring with others to issue seditious publications. Lai, 76, faces up to life in prison if convicted under a national security law imposed by Beijing. But critics say that promise has become threadbare under the rubric of maintaining national security. It added that judges remain independent and partial when handling national security cases.
Persons: Jimmy Lai, Lai, Roman Catholic Cardinal Joseph Zen, Anthony Wallace, Mike Pence, Mike Pompeo, William Wong, Wong, Kongers, , , Donald Trump, Xi Jinping, Hong, John Lee, Lai ., Keir Starmer, Xi, Chris Tang, Sebastien Lai, Doughty, Chambers, Jodie Ginsber Organizations: Roman Catholic, Catholic, Apple Daily, Getty, British, Authorities, Prosecutors, Beijing “, U.S, American, United Nations, Capitol, Protect Journalists, Hong Locations: HONG KONG, Hong Kong, Beijing, AFP, United States, U.S, Lai . British, British, Brazil, Hong, Britain, Washington
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. Record close for DowThe S&P 500 and Dow Jones Industrial Average rose on Monday, with the Dow notching a record close. Next move for the BOJThe Bank of Japan won't be raising interest rates at its September meeting, according to a CNBC survey of 32 analysts. [PRO] "Golden age of fixed income"The U.S. Federal Reserve is poised to cut interest rates this week.
Persons: Shaktikanta Das, Biden, Rick Rieder Organizations: Trade Center, CNBC, Dow, Dow Jones, Nasdaq, Nikkei, U.S ., Midea Group, Hong Kong, Bank of Japan, Bank of India, Intel, U.S . Federal Locations: Manhattan, Jersey City , New Jersey, Asia, Pacific, Hong
Analysts say don't chase this Intel pop here
  + stars: | 2024-09-17 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +2 min
Wall Street analysts are still skeptical on Intel despite its latest moves aimed at righting the ship. Shares of Intel gained more than 3% on Tuesday after the chipmaker said it would turn its foundry business into an independent unit — allowing it to raise outside capital . The analyst added that Intel's plan to establish its foundry business as an independent subsidiary was "expected and not good." "We expect Intel's EPS to be under pressure given its foundry business, which we believe has minimal chance of succeeding," he wrote. Intel shares have lagged the broader semiconductor sector year to date, losing 56% in that time.
Persons: Bernstein, America's Vivek Arya, INTC, Christopher Danely, Intel's Organizations: Intel, Amazon, Bank of America, JPMorgan, Citi, Wells, America's, VanEck Semiconductor Locations: AVGO
Intel CEO Pat Gelsinger holds a sample of a wafer during his keynote speech at the Computex conference in Taipei on June 4, 2024. Intel shares jumped 8% in extended trading Monday after the company said it plans to turn its foundry business into an independent unit with its own board and the potential to raise outside capital. Gelsinger said the restructuring would allow the foundry business to "evaluate independent sources of funding," and comes days after Intel's board met to assess the direction and future of the company. The foundry business, which Intel plans to use to manufacture chips for other customers, has been a big drag on its bottom line, with the company spending roughly $25 billion on it in each of the last two years. With a standalone "operating board" and a cleaner corporate structure, the mechanics of a separation become far easier than trying to turn a fully integrated unit into a separate company.
Persons: Pat Gelsinger, Pat Gelsinger's, Gelsinger Organizations: Intel, Nvidia Locations: Taipei, Altera
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
Before Thursday night, if you were not familiar with Oakland University, you were not alone. Tournament, were asking if “that Oakland was in California” or the Michigan suburb of Rochester. “If people didn’t know who the Oakland University Golden Grizzlies were before last night, they surely know now,” Mr. Hendley said. For all but perhaps close followers of the university, a brief introduction may be in order: It was created in 1957 through a donation to establish a satellite location for Michigan State University. At first, the campus was known as Michigan State University-Oakland, but in 1970, Oakland became an independent university.
Persons: John Hendley, Melissa, Mr, Hendley Organizations: Oakland University, Oakland, reveled, Oakland University Golden Grizzlies, Michigan State University, Michigan State University - Oakland Locations: Detroit, California, Michigan, Rochester, Florida, Oakland
CNN —The time has come to declare gender apartheid a crime. That is why I have written a letter to United Nations Secretary-General António Guterres, urging him to declare gender apartheid a crime against humanity. Inhumane acts committed in the context of an institutionalized regime of systematic oppression and domination by one gender group over another are termed gender apartheid. This is why it is imperative that gender apartheid is recognized as a crime against humanity. In recent months there has been positive momentum at the United Nations towards recognizing and codifying gender apartheid.
Persons: Read, António Guterres, , Mahsa Amini, Amini, Iran —, Shirin Ebadi, Malala Yousafzai, Nadia Murad – Organizations: CNN, Getty, United Nations, Assembly, Apartheid, UN Women’s, UN Locations: Iranian, Iran, Tehran’s, Islamic Republic, Afghanistan, South Africa, States
WASHINGTON, Nov 4 (Reuters) - Thousands of protesters gathered in Washington on Saturday to demand a ceasefire in Gaza where thousands have been killed in an Israeli offensive since an attack by Palestinian Islamists Hamas, and to denounce President Joe Biden's policy towards the war. The demonstration was among the largest pro-Palestinian gatherings in the United States and among the biggest for any cause in Washington in recent years. [1/2]Demonstrators rally in support of Palestinians amid the ongoing conflict between Israel and Hamas, at Freedom Plaza in Washington, U.S., Nov. 4, 2023. "Biden, Biden you cannot hide, you signed up for genocide," protesters chanted in Washington on Saturday. Washington has sought to persuade Israel to accept localized pauses, which Israel has thus far rejected.
Persons: Joe Biden's, Mahdi Bray, Elizabeth Frantz, Biden, Israel, Kanishka Singh, Christopher Cushing Organizations: Palestinian, Hamas, Activists, American Muslim Alliance, Freedom, REUTERS, United Nations, . Washington, Thomson Locations: Washington, Gaza, United States, Freedom, Israel, Washington , U.S, .
REUTERS/Leah Millis Acquire Licensing RightsWASHINGTON, Nov 4 (Reuters) - U.S. Representative Rashida Tlaib, the first Palestinian-American woman to serve in Congress, has accused President Joe Biden of supporting a "genocide" against Palestinians and warned of repercussions in next year's election. The White House did not directly comment on Tlaib remarks and instead reiterated its position on a temporary pause in fighting. Biden, support ceasefire now or don't count on us in 2024," Tlaib said. On Thursday, a group of seven independent United Nations experts said time was running out for Palestinians in Gaza who are at "grave risk of genocide". Israel says it is targeting Hamas, not civilians, and accuses the Iran-backed militants of using residents as human shields.
Persons: Rashida Tlaib, Leah Millis, Joe Biden, Biden, Tlaib, Benjamin Netanyahu, you’ve, Israel, Lucia Mutikani, Jarrett Renshaw, Daniel Wallis Organizations: U.S . Capitol, REUTERS, Rights, Twitter, Democratic, Israel, White, National Security, Hamas, United Nations, Thomson Locations: Gaza, Washington , U.S, Palestinian, Michigan, Israel, United States, Food, Washington, Iran, Geneva
ST. LOUIS (AP) — St. Louis County Prosecuting Attorney Wesley Bell announced Monday he will drop his bid to unseat Republican U.S. Sen. Josh Hawley in 2024, and will instead make a run at a fellow Democrat — U.S. Rep. Cori Bush. Bell, 48, will oppose Bush in the 2024 Democratic primary for Missouri's 1st Congressional District seat that covers St. Louis and part of St. Louis County. Two years earlier, Bell pulled an equally surprising upset when he unseated Bob McCulloch as St. Louis County prosecutor. On Oct. 11, McCaskill posted on X, formerly known as Twitter, a St. Louis Post-Dispatch story headlined, “St. A St. Louis County grand jury declined to indict Wilson, who later resigned.
Persons: — St, Wesley Bell, Sen, Josh Hawley, , Cori Bush, Bell, Bush, Louis, ” Bell, Michael Brown, William Lacy Clay, Bob McCulloch, Hawley —, I’ve, wasn't, Steve Roberts, Democratic U.S . Sen, Claire McCaskill, McCaskill, Louis ’ Cori Bush, , ” McCaskill, Lucas Kunce, Hawley, Ferguson, Darren Wilson, Brown, Critics, McCulloch, Wilson, St Organizations: LOUIS, , Republican U.S, — U.S . Rep, Democratic, Missouri's, Congressional District, Democrat, Democratic U.S ., Twitter, Louis Post, Dispatch, Democratic Senate, Marine, Ferguson City Council, U.S . Department of Justice, Republican Locations: Louis, St, Louis County, Israel, Ferguson , Missouri, Missouri, Washington, “ St, Ferguson
The killings underscore the reality that evacuation zones and warning alerts from the Israeli military haven’t guaranteed safety for civilians in the densely populated Gaza Strip, where Palestinians have no safe place to escape Israeli bombs. In the early hours on Friday, Aaed Al-Ajrami and his nephew, Raji, received a phone call from an Israeli military official – warning him to get everyone he knows and head southwards immediately, the nephew told CNN. Despite following the instructions and successfully fleeing south of the evacuation zone, Aaed’s family was killed by an Israeli airstrike the next day. The next day, an Israeli airstrike in the area destroyed parts of the building where Aaed’s family sought refuge – killing him and 12 other members of his family, including seven children. “You can follow the orders so that you aren’t exposed to danger, but the danger will still reach you wherever you are.”CNN has reached out to the IDF for comment about the airstrike outside of the evacuation zone, including Deir Al Balah.
Persons: CNN —, Aaed Al, Ajrami, Raji, Aaed, ” Aaed, Deir Al Balah, ” Raji, , Deir Al, Yara Alhayek, , Israel, Israel’s, , Mohammad Shtayyeh, Martin Griffiths Organizations: CNN, Israeli Defense Forces, IDF, Independent UN, Palestinian, Hamas, United Nations, UN Office, Humanitarian Affairs Locations: Gaza, Wadi Gaza, Gaza City, Deir Al, Deir Al Balah, Israel,
A view shows the ruins of Palestinian houses hit by Israeli strikes at al-Shati (Beach) refugee camp, in Gaza City, October 12, 2023. REUTERS/Mohammed Fayq Abu Mostafa Acquire Licensing RightsGENEVA, Oct 12 (Reuters) - A group of independent United Nations experts on Thursday condemned violence against civilians in Israel and deplored the "collective punishment" of reprisal strikes against Gaza. While condemning the "horrific crimes committed by Hamas", the group said that Israel had resorted to "indiscriminate military attacks against the already exhausted Palestinian people of Gaza". There is no justification for violence that indiscriminately targets innocent civilians, whether by Hamas or Israeli forces. "The civilians taken by Hamas must be immediately released, pending which their fate and whereabouts must be disclosed," the experts said.
Persons: Mohammed Fayq Abu Mostafa, Israel, Gabrielle Tétrault, Farber, Andrew Cawthorne, Nick Macfie Organizations: REUTERS, Rights, United Nations, Gaza, Thomson Locations: Gaza City, Israel, Gaza
Sen. Joe Manchin of West Virginia is keeping everyone on their toes regarding his plans for 2024. A New York Times report suggested Manchin could step down to lead West Virginia University. The influential West Virginia Democrat may run for reelection to the Senate, which would give the party their best chance of holding the seat. Or he could simply call it quits after a decadeslong political career in West Virginia, which in recent years has morphed from a Democratic redoubt to a Republican stronghold. Advertisement Advertisement Watch: Watch how Joe Biden has aged from 1974 to 2022However, allies of Manchin told The New York Times of another potential option for the senator: retiring to become the president of his alma mater, West Virginia University.
Persons: Sen, Joe Manchin, Manchin, Joe Biden, Gordon Gee, Chuck Schumer, Jim Justice, Joe Biden's, Biden, Schumer Organizations: New York Times, West Virginia University, Service, West, West Virginia Democrat, Senate, White, Democratic, Republican, West Virginia University . E, Times, The Times, GOP Gov, The New, The New York Democrat Locations: West Virginia, Wall, Silicon, mater, The New York
Biden and UAW President Shawn Fain met briefly in the West Wing last month while UAW leadership was at the White House briefing senior staff on their positions. Fain has publicly warned that UAW is prepared to strike, saying nearly 150,000 members will strike if the three automakers do not meet their demands. Ford pointed out that it employs more UAW members and builds more cars and trucks at US plants than any other automaker. For the most part, those plants are joint ventures between automakers and battery makers, and thus will not be covered under the UAW contracts with the Big Three. But the union has yet to reach a deal with plant management on a contract, and workers there are paid about half of what UAW members are paid at the Big Three.
Persons: Joe Biden, , , ” Biden, Biden’s, Shawn Fain, Fain, Biden, , , ” Ford, Stellantis, Ford, “ Stellantis, Vanessa Yurkevich Organizations: Washington DC CNN, United Auto Workers, – Ford, General Motors, , AFL, CIO, UAW, Biden, Wing, White, Ford, Dodge, Chrysler, EV, CNN, Big, GM, Workers, LG Locations: Warren , Ohio
MEXICO CITY, July 19 (Reuters) - The United States and Mexico reached an agreement to remedy violations of workers' rights at a Goodyear Tire & Rubber Co (GT.O) plant in the Mexican city of San Luis Potosi, both countries said on Wednesday. The Mexican government has committed to carry out a number of measures under the agreement, the U.S. Trade Representative's (USTR) office said in a statement. Goodyear must also inform workers of their labor rights and respect union activity, the USTR said. Mexico will carry out periodic inspections of the plant, and if warranted, could impose sanctions on people, labor organizations or the company, the USTR said. The remediation plan comes after a petition from a Mexican independent union, which found Goodyear was offering employees fewer benefits than an industry-wide agreement required.
Persons: Goodyear, Raul Cortes, Valentine Hilaire, Kylie Madry, Brendan O'Boyle, Sonali Paul Organizations: MEXICO CITY, Goodyear Tire &, U.S . Trade, Goodyear, Thomson Locations: MEXICO, United States, Mexico, Mexican, San Luis Potosi, U.S
In April, Google made a dramatic move to face down the threat from Microsoft and OpenAI: it combined its AI research team, Brain, with DeepMind. By fusing it with its central AI unit, Google sent an unambiguous message that it was pulling out all the stops to supercharge its work in AI. Insider obtained internal org charts that reveal the new power structure of Google DeepMind. Hassabis oversees around 2,450 full-time employees, the majority of which are Google DeepMind employees. Dean, who previously oversaw all of Google's AI unit, has moved from his management position into the new role of Chief Scientist, reporting directly to CEO Sundar Pichai.
Persons: DeepMind, Demis Hassabis, There's, Hassabis, Eli Collins, Bard chatbot, Zoubin Ghahramani, Jeff Dean, Koray, Google's, Dean, Sundar Pichai, Emanuel Taropa Organizations: Google, Microsoft, Brain, Research, Technology, Gemini, General Intelligence
An independent UN investigator visited the Guantánamo Bay prison for the first time in February. She has since called on the US to provide torture rehabilitation and educational resources. The United States used the prison at Guantánamo Bay to detain men it believed to be connected to the Sept. 11 terrorist attacks in 2001. Many of those detained were held indefinitely without trial, which led to international condemnation of the United States from human rights groups. The United States detained a total of 780 men at Guantánamo Bay.
Persons: United Nations —, Ní Aoláin, Biden Organizations: Service, United Nations, United, Associated Press, AP Locations: Wall, Silicon, Guantánamo, United States, Bay, Cuba
MEXICO CITY, July 3 (Reuters) - The U.S. wants Mexico's government to build strong institutions to protect worker rights as companies aiming to avoid supply chain disruptions in far-off production spots bring more jobs to the country, a top U.S. labor official told Reuters. Mexico has begun to benefit from "nearshoring" in which companies seek to move production closer to the U.S. market while maintaining competitive costs. "Hopefully that will ensure that Mexico doesn't become a dumping ground for companies looking for cheap labor and lax regulations," said Thea Lee, U.S. Deputy Undersecretary for International Labor Affairs who polices USMCA compliance. Mexico has made progress improving labor courts, resolving worker complaints faster and easing union organization, but needs to do more, Lee said. Since 2020, several U.S. labor complaints in Mexico have paved the way for independent unions to land pay raises and even expand.
Persons: Thea Lee, Lee, Cristina Ramirez, Ramirez, Daina Beth Solomon, David Gregorio Our Organizations: MEXICO CITY, Reuters, International Labor Affairs, Goodyear, Grupo Mexico, VU Manufacturing, La Liga, VU, Thomson Locations: MEXICO, U.S, Mexico, Canada, Piedras Negras
These days, many young adults do not become financially independent until they are well into their 20s. To be sure, inflation has made it even harder for those just starting out. But, in addition to soaring food and housing costs, millennials and Gen Z face financial challenges their parents did not as young adults: On top of carrying larger student loan balances, their wages are lower than their parents' earnings when they were in their 20s and 30s. While older generations are more likely to think their kids should be completely financially independent by the time they turn 21, young adults say that's a good age to start paying some of their own expenses, such as credit card bills and travel costs, according to a separate report by Bankrate.com. "There's definitely a disconnect between parents and adult children," said Ted Rossman, Bankrate's senior industry analyst.
Persons: Zers, Ted Rossman Organizations: Finance
London CNN —Italy has imposed several curbs on Pirelli’s biggest shareholder, Sinochem, in a move aimed at blocking the Chinese government’s access to sensitive chip technology. The government order risks inflaming tensions between Europe and Beijing, and follows similar intervention by Germany and the United Kingdom to protect their semiconductor technology. The order sets a host of limitations on Sinochem’s involvement in Pirelli, including a bar on it devising the company’s strategy and financial plans, or appointing a CEO. It requires that Pirelli refuse any requests from Sinochem’s owner — China’s State-owned Assets Supervision and Administration Commission of the State Council — for information sharing, including any information connected to the “know-how” of proprietary technologies. Separately, Rome is also assessing whether to renew its partnership with Beijing on the Belt and Road Initiative — China’s global infrastructure and investment megaproject.
Persons: Pirelli, Antony Blinken, Sinochem, Pirelli’s, , — Laura Organizations: London CNN —, ASML, CNN, Pirelli, Union, Supervision, Administration Commission, State, AstraZeneca, Financial Times, Sequoia Capital, European Commission, Reuters Locations: London CNN — Italy, Europe, Beijing, Germany, United Kingdom, Netherlands, China, Ukraine, — China’s, Rome, Italy, Hong Kong
KYIV, June 5 (Reuters) - Two armed groups, the Russian Volunteer Corps (RVC) and Freedom of Russia Legion, say they have carried out attacks in Russia's western Belgorod region in recent weeks. RUSSIAN VOLUNTEER CORPSThe RVC was founded by a far-right Russian national last August and comprises Russians who have been fighting in and for Ukraine against their own country. [1/2] Members of Russian Volunteer Corps stand next to an armoured vehicle in this undated handout picture obtained by Reuters on May 23, 2023. "I have my set of views, it's a patriotic set of views, it's a traditionalist set of views, it's a right-wing set of views," he said. FREEDOM OF RUSSIA LEGIONThe Freedom of Russia Legion says it was formed in spring 2022 "out of the wish of Russians to fight in the ranks of the Armed Forces of Ukraine against Putin's armed gang".
Persons: REUTERS Denis Kapustin, it's, you'll, Tom Balmforth, Max Hunder, Timothy Organizations: Russian Volunteer Corps, of Russia Legion, Kyiv, Russian, Ukraine, Ukrainian Foreign Legion, Foreign, Reuters, REUTERS, Defamation, Nazi, RUSSIA, Russia Legion, Armed Forces of, Belgorod, Timothy Heritage, Thomson Locations: Russia's, Belgorod, Ukrainian, Russia, Ukraine, U.S, Russian, Germany, Armed Forces of Ukraine
Jeff Dean, head of artificial intelligence at Google LLC, speaks during a Google AI event in San Francisco, California, U.S., on Tuesday, Jan. 28, 2020. The two divisions, DeepMind and Google Research, have also reportedly had tensions in the past, leading DeepMind to seek more independence. This group, called Google DeepMind, will bring together part of Google Research (the Brainteam) and DeepMind. Google DeepMind will operate as a nimble, fast-paced unit, with clear points of connection andcollaboration with Google Research and the PAs. Working closely with Jeff as ChiefScientist, Google Research will continue its focus on fundamental and applied research across abroad portfolio.
Most people feel like a grownup by the time they're 18, but these days young adults might not become financially independent until years later. And even then, parents and their children could disagree on what exactly that means. While young adults said 21 is a good age to start paying some of their own expenses, older generations are more likely to think that their kids should be completely financially independent by then, according to a new report by Bankrate.com. Soaring food and housing costs pose additional hurdles for young adults just starting out. Now, 68% of parents with children over age 18 are making a financial sacrifice to help support them, according to Bankrate's report.
The notorious Wagner Group has operated around the world on Russia's behalf for years. For years, the Wagner Group has put boots on the ground in countries across Africa and the Middle East. A pedestrian walks past a mural depicting the logo of the Russian mercenary 'Group Wagner' and a slogan in Russian on January 20, 2023 in Belgrade, Serbia. Graves of Russian Wagner mercenary group fighters are seen in a cemetery near the village of Bakinskaya in Krasnodar region, Russia, January 22, 2023. Like Russia's regular military, Wagner has endured heavy losses on the battlefield.
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