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A tanker carrying 1.4 million liters of industrial fuel capsized off the coast of Philippines, leading to one casualty and a vast oil spill, local authorities said Thursday. The vessel had departed Limay and was bound for fellow Philippines' port of Iloilo, according to data from MarineTraffic.com. The Coast Guard said it is now addressing the oil spill and intends to finish siphoning the fuel from the sunken tanker to prevent further spreading within seven days. The Philippine Coast Guard Aviation Command separately alerted that it had deployed air assets on a search-and-rescue mission to the sunken tanker. The Philippines-flagged tanker MT Princess Empress suffered engine troubles in rough seas and sank with its load of 800,000 litres of industrial fuel oil off the central Oriental Mindoro province.
Persons: Armando Balilo, Gavan, Balilo, Gaemi, Carina —, Bongbong Marcos Organizations: country's Cost Guard, Authorities, Coast Guard, Philippine Coast Guard Aviation Command, Metro Manila Council, Philippines, Bataan, Terra Nova Locations: Philippines, Philippine, Limay, Bataan, Iloilo, Manila, Taiwan, Mindoro
Banco Santander posted a 20% year-on-year hike in second-quarter net profit underpinned by growth in its retail, wealth and consumer activity, after firm revenues and margin management in Europe and Brazil. The company's net profit attributable to the parent group came in at 3.207 billion euros ($3.48 million), in line with a consensus from analysts polled by Reuters. Santander now expects revenues will hit high-single digit growth, from a previously forecast mid-single digit expansion. Other highlights included:Pre-tax profit: 4.925 billion euros in the second quarter, versus 4.258 billion euros in the same period of last year. Net interest income: 11.47 billion euros in the June quarter, compared with 10.52 billion euros in the same three-month stretch of last year — but below a 11.96% forecast for the second quarter of 2024 from analysts polled by Reuters.
Persons: Javier Milei, Ana Botin Organizations: Banco Santander, Reuters, Santander Locations: Europe, Brazil, Argentina
U.S. Vice President Kamala Harris hits the campaign trail on Tuesday for the first time since President Joe Biden announced that he would end his reelection campaign and endorsed Harris for president. Still, some key Democratic endorsements have not yet come through for Harris, such as from House Democratic Leader Hakeem Jeffries and Senate Majority Leader Chuck Schumer, both of New York. Former President Barack Obama, one of the parry's most revered figures, has likewise not publicly endorsed Harris yet. Speculation swirls about potential running mates for Harris, with Arizona Sen. Mark Kelly, Pennsylvania Gov. While Harris campaigns in Wisconsin, Biden is expected to host Israeli Prime Minister Benjamin Netanyahu in Washington.
Persons: Kamala Harris, Joe Biden, Harris, Donald Trump, Sen, JD Vance, Democratic party's, Hakeem Jeffries, Chuck Schumer, Barack Obama, Arizona Sen, Mark Kelly, Josh Shapiro, Roy Cooper, Biden, Benjamin Netanyahu Organizations: NBC, Democratic, Arizona, North Carolina Gov Locations: Milwaukee , Wisconsin, New York, Pennsylvania, Wisconsin, Washington, Gaza
Washington and the world are still reeling from President Joe Biden's surprise announcement on Sunday that he is ending his teetering re-election campaign. But Biden's swift endorsement of Vice President Kamala Harris to replace him at the top of the Democratic ticket is energizing Democrats and breathing new life into their campaign to defeat former President Donald Trump and his running mate, Ohio Sen. JD Vance. The "Biden for President" campaign committee has officially been renamed the Harris for President committee, maintaining the Biden team's infrastructure, staff and — crucially — its $98 million in cash reserves. Democrats excited about a new ticket have donated tens of millions of dollars online to the Harris for President campaign.
Persons: Joe Biden's, Kamala Harris, Donald Trump, Ohio Sen, JD Vance, Biden, Harris Organizations: Democratic, Biden
Spain National Team plane arriving at Adolfo Suarez Madrid-Barajas airport on July 15, 2024, in Madrid, Spain. Planes have been grounded and TV broadcasters have gone offline as businesses worldwide grapple with an ongoing major IT outage. Earlier on Friday, cybersecurity giant CrowdStrike experienced a major disruption, the company told NBC, following an issue with its latest tech update. Separately, Microsoft cloud services were restored after an outage, the company said on Friday, even as many users continued to report issues. Shares of both companies were losing ground in premarket trading on Friday morning.
Persons: Adolfo Suarez Organizations: Spain National Team, Adolfo Suarez Madrid, Barajas, NBC, Microsoft Locations: Madrid, Spain
BARCELONA, SPAIN - FEBRUARY 26: A logo sits illuminated at the Nokia booth in the Mobile World Congress 2024 on February 26, 2024 in Barcelona, Spain. (Photo by Xavi Torrent/Getty Images)Shares of Finnish telecom firm Nokia tumbled on Thursday after the company reported a 32% drop in second-quarter operating profit on the back of weak demand for its 5G equipment. Earlier in the day, Nokia said its comparable operating profit declined to 423 million euros ($462 million) in the second quarter, down by nearly a third from the 619 million euros posted in the same period of last year. Citing "ongoing market weakness," the company said net sales also eased by 18% to 4.47 billion euros – the lowest level achieved since the fourth quarter of 2015, according to LSEG data. The landscape likewise remains "challenging as operators continue to be cautious" in the mobile networks sector, he warned.
Persons: Xavi Torrent, Pekka Lundmark Organizations: Nokia, Mobile, Xavi Locations: BARCELONA, SPAIN, Barcelona, Spain, Helsinki, London
In NATO's most serious denunciation of China to date, the military coalition labeled Beijing a "decisive enabler" of Russia in its ongoing war in Ukraine and expressed concerns over its nuclear arsenal and "systemic challenges" to the coalition's security. "The PRC has become a decisive enabler of Russia's war against Ukraine through its so-called 'no limits' partnership and its large-scale support for Russia's defence industrial base," a NATO communique said Wednesday, on the second day of a Washington summit celebrating the alliance's 75th anniversary. Earlier this week, Beijing started joint military exercises with Russia's close ally Belarus at a training ground mere miles away from the Polish border, the Belarusian Defense Ministry said in a Google-translated Telegram post. On the February 2023 first-year anniversary of the Ukraine war, China — which a month later successfully capitalized on goodwill earned as a trade partner to broker a reconciliation between arch-enemies Iran and Saudi Arabia — pitched a peace framework for the conflict between Moscow and Kyiv. It, like Ukrainian President Volodymyr Zelenskyy's peace plan and Kremlin leader Vladimir Putin's own recent conditions to ignite diplomatic negotiations, has so far failed to gain traction.
Persons: Xi Jinping, Russia's, Saudi Arabia —, Volodymyr Zelenskyy's, Vladimir Putin's Organizations: NATO, West, Belarusian Defense Ministry Locations: China, Beijing, Russia, Ukraine, Washington, Moscow, Belarus, Polish, Iran, Saudi Arabia, Kyiv
A Volkswagen logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City, U.S., March 27, 2024. Volkswagen shares dipped Wednesday after the company issued an overnight profit warning and announced it was considering the potential closure of an Audi plant in Brussels. It noted that is also considering the restructuring or potential shutdown of its Audi plant in Brussels, where it employs 3,000 people, on the back of weak demand for the Audi Q8 e-tron line — a fully electric offering from the brand, launched in 2019. Automakers have contended with waning EV demand, with European brands facing the compounded challenge of a wave of discounted, state-subsidized rival vehicles produced in China. If it presses ahead, this would mark Volkswagen's first factory shutdown in nearly four decades, since the 1988 closure of its plant in the Westmoreland site in Alabama.
Organizations: New York, Auto, Volkswagen, Audi, EU Locations: Manhattan , New York City, U.S, Brussels, China, Westmoreland, Alabama
This photograph shows the takeoff of the European Space Agency satellite launcher Ariane 6 rocket from its launch pad, at the Guiana Space Centre in Kourou, French Guiana, on July 9, 2024. Jody Amiet | AFP | Getty ImagesThe powerful European-built Ariane 6 rocket made its long-awaited liftoff on Tuesday as the region returned to a launch market dominated by Elon Musk's SpaceX. The rocket is a combined effort of about $4.5 billion overseen by the European Space Agency, or ESA, and built by ArianeGroup, an Airbus and Safran joint venture. Delayed debutThe European Space Agency satellite launcher Ariane 6 rocket is seen prior to its maiden launch at the Guiana Space Centre in Kourou, French Guiana, on July 9, 2024. The European Space Agency satellite launcher Ariane 6 rocket moves to the launch pad prior to its liftoff at the Guiana Space Centre in Kourou, French Guiana, on July 9, 2024.
Persons: Jody Amiet, Elon Musk's, Safran Organizations: European Space Agency, Guiana Space, AFP, Getty, Elon, Elon Musk's SpaceX, ESA, Airbus, Afp, Soyuz, SpaceX Locations: Kourou, French Guiana, Ukraine, Russia, Europe
Emergency forces and civilians conduct search-and-rescue operations among the rubble of 'Okhmatdyt' Children's Hospital in Kyiv, Ukraine, on July 8, 2024. A barrage of Russian missiles killed more than 20 people across Ukraine and seriously damaged a key children's hospital in a rare large-scale daytime attack. The Ukrainian capital's Okhmatdyt Children's Hospital undertook "considerable destruction," with patients being transferred to other medical facilities in Kyiv. "Okhmatdyt Children's Hospital in Kyiv. The ministry said its forces had answered Kyiv's hostilities with a mass attack on Ukrainian military facilities and air bases with long-range precision weapons.
Persons: Volodymyr Zelenskyy's, Vitaliy Klitschko, Klitschko, Kryvy, Oleksandr Vilkul, Okhmatdyt, Zelenskyy Organizations: Children's, CNBC, Ukrainian, Russia's Ministry of Defense, Russia's Ministry of Foreign Affairs Locations: Kyiv, Ukraine, Russian, Dnipro, Sloviansk, Ukrainian, Kryvy Rih, Pokrovsk, Donetsk, Europe, Russia
LONDON — Britain's new finance chief on Monday outlined a spate of measures to revitalize the U.K.'s languishing economic growth and address national housing shortages. "I have repeatedly warned that whoever won the general election would inherit the worst set of circumstances since the Second World War. A former Bank of England economist, Reeves was appointed as Britain's first female chancellor of the exchequer — equivalent to a finance minister — on Friday, when newly-invested Prime Minister Keir Starmer named his first cabinet. Ahead of her first speech, she championed economic growth as both a party priority and the "national mission." Housing and planning were center stage in Reeves' Monday speech:"First, we will reform the national planning policy framework, consulting on a new growth-focused approach to the planning system before the end of the month.
Persons: Rachel Reeves, Reeves, , Keir Starmer, Housebuilding Organizations: Treasury, Labour Government, LONDON, Bank of England, Conservative, Labour Locations: London, England
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. However, recent profit-taking and valuation concerns led to a pullback and a rare downgrade from a Wall Street analyst. Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are. Kolanovic wasn't the only Wall Street strategist to be caught out by the bull run — but rival banks have incrementally increased their calls.
Persons: Skydance, David Ellison, Marko Kolanovic, Kolanovic, Lori Calvasina, Calvasina, Tesla, Tom Narayan, Squawk, Narayan, Tom Sosnoff, Bill Ackman, Warren Buffett, Sosnoff, — CNBC's Pia Singh, Alex Harring, Holly Ellyatt, Ruxandra Iordache, Ryan Browne, Samantha Subin, Lim Hui Jie, Leslie Josephs Organizations: New York Stock Exchange, CNBC, Nvidia Nvidia, Wall, Paramount, Skydance Media, Paramount Global, Hollywood, Boeing, Justice Department, JPMorgan, RBC Capital Markets, RBC Locations: Hollywood
France's Prime Minister Gabriel Attal gives a speech following the first results of the second round of France's legislative election at Matignon in Paris on July 7, 2024. French Prime Minister Gabriel Attal said he would submit his resignation on Monday, after early poll data showed his and French President Emmanuel Macron's centrist Ensemble party and its allies coming in second in the parliamentary runoff. Attal, who stepped in as France's youngest ever prime minister only in January, is unlikely to hold the country's second-highest position as part of the upcoming administration. Tonight, no absolute majority can be led by the extremes." In light of the run-off results, Attal set the scene for a period of transition for France's political landscape:"Ladies and gentlemen, this evening, a new era begins.
Persons: Gabriel Attal, Emmanuel Macron's, Attal, Jordan Bardella, Macron Organizations: France's, Popular, Republican, CNBC, Rassemblement National Locations: Matignon, Paris, France, Republic
A woman steps out of a polling booth prior to cast her vote in the first round of parliamentary elections in Le Touquet, northwestern France, on June 30, 2024. LONDON — France's left-wing New Popular Front coalition is set to unexpectedly win the most seats in the second round of the country's parliamentary election but fail to clinch an absolute majority, early data showed. By offering voters a starker choice and fewer candidates, RN's opponents hoped that the electorate would choose the non-RN candidate. The prime minister must leave," Jean-Luc Melenchon, leader of the France Unbowed party, said in a CNBC-translated social media update after the release of the early poll data. The final round of the election shows that voters, ultimately, have rejected Macron.
Persons: France's, France Unbowed, Ipsos, Emmanuel Macron's, , pollster Ipsos, Jean, Luc Melenchon, Macron, Melenchon, Macron's Organizations: LONDON, Popular Front, Socialists, CNBC, NFP, National Rally Locations: Le Touquet, France, Europe's
Russia's President Vladimir Putin meets with Hungary's Prime Minister Viktor Orban at the Kremlin in Moscow on July 5, 2024. Russia's closest European ally, Hungarian Prime Minister Viktor Orban, has drawn ire from the EU over his Friday trip to meet Kremlin leader Vladimir Putin in Moscow. Orban's trip to Moscow has also drawn the wrath of European officials, who questioned his authority to represent the bloc. Also referencing Orban's visit, European Commission President Ursula von der Leyen warned that "appeasement will not stop Putin. Only unity and determination will pave the path to a comprehensive, just and lasting peace in Ukraine."
Persons: Vladimir Putin, Viktor Orban, Orban, Putin, Volodymyr Zelenskyy, Zelenskyy, " Orban, Josep Borrell, Ursula von der Leyen, Donald Trump Organizations: Hungary's, Kremlin, EU, NATO, Reuters, Ukrainian Foreign Ministry Locations: Moscow, Russia's, Hungarian, Ukraine, Hungary, Russia, Europe, Brussels, EU
The Shell logo is displayed outside a petrol station in Radstock on February 17, 2024 in Somerset, England. Energy giant Shell on Friday said it expects to record a post-tax impairment hit of up to $2 billion mainly linked to its Singapore and Rotterdam plants, while also saying trading in its key gas division will decline on the quarter. This comes after Shell on Tuesday announced it would temporarily suspend on-site construction at its 820,000 metric tons a year biofuels facility in Rotterdam amid current market conditions. The oil major also anticipates a second non-cash post-tax impairment of $600-800 million after agreeing to divest its Singapore refining and chemicals plant back in May. On the downside, RBC flagged "higher corporate costs and a neutral result from the chemicals division."
Persons: Shell Organizations: Energy, Shell, RBC Capital Markets, RBC Locations: Radstock, Somerset, England, Singapore, Rotterdam
A row of Tesla superchargers is shown at a supercharging location in Los Angeles on June 5, 2024. Tesla shares saw more gains in premarket trading Wednesday, after jumping 10% in the previous session following the release of second-quarter vehicle production and deliveries figures that beat analyst expectations. Tesla's total deliveries hit 443,956 vehicles in the second quarter, with total production at 410,831 vehicles over the period. Analysts had expected that Tesla deliveries — the closest approximation of sales disclosed by the automaker — to reach 439,000 in the three-month stretch ending on June 30, according to a consensus of estimates compiled by FactSet StreetAccount. In a Tuesday note, Citi analysts said they anticipate a "favorable share price reaction" following the release.
Persons: Tesla, FactSet StreetAccount, — CNBC's Lora Kolodny, Ganesh Rao Organizations: Citi Locations: Los Angeles
Hungarian Prime Minister Viktor Orban (L) talks with Ukrainian President Volodymyr Zelenskyy (R) in the Europa building prior the start of the meeting on June 27, 2024, in Brussels, Belgium. Hungarian Prime Minister Viktor Orban arrived in Ukraine on Tuesday for his first wartime visit to the battle-torn country. Orban, meanwhile, communicated Hungary's intentions to improve ties with Ukraine and sign a broad bilateral cooperation agreement, while urging Zelenskyy to consider a quick cease-fire to accelerate peace talks, Reuters reported. Orban absented from last month's Ukraine Peace Summit in Switzerland, where Hungary was instead represented by Foreign Minister Peter Szijjarto. The Hungarian prime minister has also been one of the few Western leaders to meet the increasingly isolated Kremlin leader Putin since Russia's full-scale invasion of Ukraine.
Persons: Viktor Orban, Volodymyr Zelenskyy, Orban, Zelenskyy, Vladimir Putin, Orban's, " Orban, Orban absented, Peter Szijjarto, Putin, Donald Trump, Jens Stoltenberg Organizations: European Union, Kyiv, Ukrainian, Reuters, nonmember Kyiv, Ukraine Peace Summit, Foreign, Associated Press, NATO Locations: Europa, Brussels, Belgium, Hungarian, Ukraine, Hungary, Moldova, Switzerland
There appeared to be an additional presence on stage with Democratic U.S. President Joe Biden and Republican former President Donald Trump in last night's CNN electoral debate: Vladimir Putin. The Russian leader was invoked roughly a dozen times in the 90-minute volley of verbal blows on domestic and foreign policy between the two candidates. Both have navigated the White House relationship with the Kremlin for a mandate each and shared very different views of the Russian leader. "I will have that war settled between Putin and Zelenskyy as president-elect before I take office on January 20th. The Russian leader has previously signaled interest in a potential prisoner swap for Gershkovich, rather than in financial compensation.
Persons: Joe Biden, Donald Trump, Vladimir Putin, Trump, , Putin, Volodymyr Zelenskyy, Zelenskyy, Russia —, Evan Gershkovich Organizations: Democratic U.S, Republican, CNN, Kremlin, Trump —, U.S, Kyiv, Wall Locations: Moscow, Russia, Ukraine, Washington, Ukrainian
"The country is today facing an attempted coup d'etat," Arce said, according to a CNBC translation. All of the units," Zuniga said during the military movement, according to a CNBC translation. Asked whether the coup forces were seeking to take over the Bolivian presidential residence, the general confirmed "yes." "Spain strongly condemns the military movements in Bolivia," Spain's Prime Minister Pedro Sanchez said on social media platform X, according to a CNBC translation. he said on social media, according to a CNBC translation.
Persons: Luis Arce Catacora, Juan Jose Zuniga, Luis Arce, " Arce, Maria Nela Prada, Jose Wilson Sanchez, Edmundo Novillo, Zuniga, Ivan Lima, Eduardo del Castillo, Juan Arnez Salvador, Zuniga —, Evo Morales —, Josep Borrell, Pedro Sanchez, Arce Organizations: Murillo, Bolivian, CNBC, de Murillo, Soldiers, Associated Press, Defense, Government, U.S, Monetary Fund, European Union, South Locations: Bolivia, La Paz, Spain, Venezuela, Paraguay, Cuba, Chile, Bolivian
WikiLeaks founder Julian Assange on Wednesday walked free after pleading guilty in a U.S. court in the Northern Mariana Islands, a U.S. commonwealth in the Pacific, to a felony charge for publishing U.S. military secrets. As part of the plea agreement, the U.S. is bound to withdraw its extradition request and recommended a sentence to time already served, with no additional fines issued. The WikiLeaks organization posted a statement on the X social media platform saying that Assange was due to fly to his native Australia. "Regardless of the views that people have about Mr. Assange's activities, the case has dragged on for too long. There's nothing to be gained by his continues incarceration, and we want him brought home to Australia.
Persons: Julian Assange, Assange, Barry Pollack, Chelsea Manning, Mr, Pollack, Anthony Albanese, " Albanese, London's, Stella Assange Organizations: Wednesday, U.S, U.S ., WikiLeaks, Bombardier Global Locations: U.S, Northern Mariana Islands, Saipan, Australia, Bangkok
Photographs and news agency reports showed protesters clashing in the streets of Kenyan capital Nairobi on Tuesday, as the African state passed a controversial finance bill set to raise national taxes. Kenya's Human Rights Commission on Tuesday shared a video of officers shooting at protesters, calling for accountability. At least 50 people were injured by gunfire during the latest demonstrations, Reuters reported, citing a local paramedic outside of the parliament. The news agency further said sections of the parliament building were set on fire, as the compound was stormed. Blood has already been shed in similar protests, after two people died in separate demonstrations held last week, the Associated Press reported.
Organizations: Kenyan, Rights, Reuters, CNBC, Kenyan Police Service, Ministry of Foreign Affairs, Associated Press Locations: Nairobi, Kenya
The Chang'e-6 probe being successfully launched from China's Wenchang Spaceport in Wenchang, Hainan Province, China, on May 3, 2024. China's Chang'e-6 lunar probe returned to Earth on Tuesday, bringing back the first-ever samples from the unexplored far side of the moon. Chang'e-6 returned to Earth with soil collected from the South Pole-Aitken Basin — a massive crater in the lunar hemisphere that always faces away from Earth. In total, Chang'e-6 mission took 53 days from its May 3 departure from the Wenchang Space Launch Center in Hainan, an island off China's south coast. The far side of the moon was first captured in images in 1959 by the Soviet Luna 3 spacecraft.
Persons: China's, Xi Jinping, Soviet Union —, Neil Armstrong Organizations: China National Space Administration, Soviet Luna, Washington, NASA Locations: Wenchang, Hainan Province, China, Inner Mongolia, Chang'e, Hainan, Beijing, India, Soviet, U.S, Soviet Union, Cold
Omar Al-qattaa | Afp | Getty ImagesIsraeli Prime Minister Benjamin Netanyahu signaled that the "intense" phase of fighting in the war-torn Gaza enclosure is close to ending, while stressing the broader war against Hamas wages on. "After the intense phase is finished, we will have the possibility to move part of the forces north. And secondly, to bring our [evacuated] residents home," Netanyahu said, according to a Reuters translation. Thousands of Israeli and Lebanese civilians have been displaced from their border-facing settlements amid fire exchanged since the October start of the Jewish state's war campaign against Palestinian militant group Hamas in the Gaza Strip. watch nowAsked when the intense stage of combat against Hamas will finalize, Netanyahu on Sunday said, "Very soon," according to a Google translation of the Channel 14 report.
Persons: Omar Al, Benjamin Netanyahu, Netanyahu, Israel Katz, Sayyed Hassan Nasrallah, Amos Hochstein, Annalena Baerbock Organizations: Afp, Getty, Channel, Palestinian, Hamas, Israeli Defense Forces, Lebanese, Sunday, Palestinian Authority, West Bank, Israel, Israeli Foreign, German, Monday, Reuters Locations: al, Gaza City, Israel, Palestinian, qattaa, Gaza, Lebanon, Iran, Rafah
Emergency vehicles are parked next to the site of a fire at a lithium battery factory owned by South Korean battery maker Aricell in Hwaseong on June 24, 2024. At least twenty-two people died after lithium battery combustion ignited a massive fire in a South Korean factory, local officials said, according to NBC News. The blaze erupted at the Aricell battery factory in Hwaseong, a city south of Seoul, around 10:31 a.m. local time, officials said. The plant housed an estimated 35,000 batteries, NBC said. The factory was a reinforced concrete three-story building that sprawled over roughly 2,300 square meters and housed an estimated 35,000 batteries, according to South Korean news agency Yonhap.
Persons: Kim Jin, Young, Lee Sang, Yoon Suk, yeol Organizations: South, NBC News, Reuters, Authorities, CNBC, NBC, Hwasong Fire Department, Associated Press, Fire Agency, Korea's, Central Disaster, Headquarters, South Korean Ministry of Public Administration, Security Locations: South Korean, Hwaseong, Seoul, South
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