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☆ Chinese yuan to hit record lows as U.S. tariff threat mounts, investment banks forecast
▼ + stars: | 2024-11-28 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +4 min

A Chinese bank worker prepares to count a stack of US dollars together with stacks of 100 Chinese yuan notes at a bank in Hefei, east China's Anhui province on March 9, 2010. STR/AFP | Getty ImagesChinese authorities are contending with a weakening yuan as global investment banks forecast the currency to hit record lows, in anticipation of U.S. president-elect Donald Trump following through with his tariff threats. That would mark the currency's weakest level on record, according to LSEG data going back to 2004. Trump had already pledged 60% or higher tariffs on Chinese goods during his election campaign. The PBOC has been supporting the value of onshore yuan by capping the daily reference rate at 7.20 on the dollar this year.

Persons: Donald Trump, Morgan, Morgan Stanley, Goldman Sachs, Trump, Jonas Goltermann, Kotecha, Wang, Ju Wang, Cedric Chehab Organizations: Getty Images, U.S, UBS, BNP, Barclays, Generale, Morgan, Macquarie Group, Nomura, ING, Oxford, Trump, Capital Economics, FX, Greater China FX, Reuters, BNP Paribas, BMI Locations: Hefei, Anhui, U.S, Asia, China

☆ International airlines are all-in on fancy first-class seats, even as US carriers focus only on business for long-haul flights
▼ + stars: | 2024-11-07 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

They deemed business class more lucrative for long-haul flights. While these carriers still have business class, true first class remains a money-maker despite taking up the least amount of cabin real estate. Air France, Swiss International Air Lines, and Lufthansa are also in the mix, among others. "Air France is committed to having this super premium first-class product because it's Air France," Funk said. Advertisement"You're not going to have William and Kate fly business class alongside 85 other people," she said.

Persons: —, Badr Mohammed Al Meer, Tiffany Funk, Funk, Kate Organizations: Service, Air Lines, United Airlines, American Airlines, Qatar Airways, CNBC, Singapore Airlines, Air, Swiss International Air Lines, Lufthansa, monied Fortune, Google, US, Funk, British Airways, Getty Images Airlines, it's Air, Qantas, Qantas Media Locations: Europe, Asia, Air France, Swiss, monied, Singapore, Emirates, France, Australia, New York, London

☆ World's first wooden satellite, developed in Japan, heads to space
▼ + stars: | 2024-11-05 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

KYOTO, Japan — The world’s first wooden satellite, built by Japanese researchers, was launched into space Tuesday in an early test of using timber in lunar and Mars exploration. Scientists at Kyoto University show LignoSat, the first satellite made from wood, in May. STR / Jiji Press / AFP - Getty Images file“Early 1900s airplanes were made of wood,” said Kyoto University forest science professor Koji Murata. “A wooden satellite should be feasible, too.”Wood is more durable in space than on Earth because there’s no water or oxygen that would rot or inflame it, Murata added. A wooden satellite also minimizes the environmental impact at the end of its life, the researchers say.

Persons: ”, Takao Doi, Doi’s, Koji Murata, ” Wood, Murata, Doi, ” Doi, LignoSat, Kenji Kariya Organizations: Kyoto University, homebuilder Sumitomo Forestry, International, SpaceX, Space Shuttle, NASA, LignoSat, Jiji Press, Getty, Elon, Station, Sumitomo Forestry Tsukuba Research Institute Locations: KYOTO, Japan, Kyoto

☆ Why North Korea would want to go to war for Russia
▼ + stars: | 2024-10-28 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

North Korea sent thousands of troops to support Russia in its war against Ukraine. AdvertisementWhy is North Korea helping Russia? STR/KCNA VIA KNS/AFP via Getty ImagesIt's unclear what exactly is driving North Korea to become increasingly involved in the war and send troops to Russia. North Korea also has an aging fighter jet fleet it wants to upgrade and a desire for advanced satellite technologies. Beijing has often aligned with Russia and North Korea, and Western officials have accused China of also giving military aid to Russia in return for certain technologies and information.

Persons: Kim, Putin, —, Mark Rutte, Vladimir Putin, Kim Jong, KRISTINA KORMILITSYNA, Ivan Samoilov, Rutte, Kirby, Kurt Campbell, Defense Lloyd Austin, Biden, Seoul's Organizations: Ukraine, Service, US, Korean, Russian, NATO, Department of Defense, Pentagon, Ukrainian, North, Duma, Research, Gwara, Getty, VIA KNS, National Security, Technologies, Roman, Defense, Publicly, Ministry of Foreign, South Locations: Korea, Russia, Ukraine, South Korea, Kursk, Ukrainian, North Korea, Russian, Pyongyang, Korean, Moscow, Iran, North Korean, AFP, Kyiv, China, Beijing

☆ Cruise lines are having a moment as a popular — and cheaper — alternative to hotels
▼ + stars: | 2024-10-26 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

Royal Caribbean is set to release its quarterly results on Tuesday, followed by Norwegian Cruise Line Holdings ' report on Wednesday. That means the cruise lines may have more room to grow, she said. "The wider that gap, the better the opportunity for the cruise lines to have upside," Farley said in an interview with CNBC. However, Scholes said his research shows that out of the three major cruise lines, the Carnival brand is facing the most pricing competition from private cruise operator, MSC. Stock Chart Icon Stock chart icon Norwegian Cruise Lines stock year to date

Persons: Marco Bello, Patrick Scholes, Hilton, Christopher Nassetta, industry's, Brandt Montour, Montour, Josh Weinstein, CNBC's, Robin Farley, Farley, Truist's Scholes, Scholes, It's, Caribbean's Organizations: Port, Afp, Getty, CNBC, Wednesday, Barclays, Royal, Cruise Line Holdings, UBS, Orlando, Vegas, Royal Caribbean, Bloomberg, Royal Caribbean's, Citi, Cruise Lines Locations: Port of Miami, Miami , Florida, Caribbean, Royal Caribbean, 200bps, PortMiami, Norwegian

☆ The solid-state batteries hype is fading – prompting auto giants to consider alternatives
▼ + stars: | 2024-10-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Solid-state batteries have long been billed as the "holy grail" of sustainable driving. As the name suggests, solid-state batteries contain a solid electrolyte, made from materials such as ceramics. Automakers have invested billions of dollars in solid-state battery research and teamed up with developers to produce their own versions for mass production. Tomohiro Ohsumi | Getty Images News | Getty ImagesJapan's Toyota, for instance, has said it is aiming to bring solid-state batteries into mass production between 2027 and 2028. Yet, despite growing hype over the potential rollout of solid-state batteries, analysts remain skeptical about when they will actually make it to market.

Persons: Tomohiro Ohsumi, Japan's Nissan, Germany's Mercedes, Max Reid, Wood Mackenzie, Reid, Wood Mackenzie's Reid, Julia Poliscanova, Poliscanova, Nio, Ganfeng, Environment's Poliscanova Organizations: Afp, Getty, Toyota Motor Corp, Benz Group, Stellantis, Hyundai, Kia, Environmental Defense Fund, CNBC, Transport, Environment, Paris, Show, Qingtao Energy Locations: Nanjing, China's, Jiangsu, PARIS, France, Tokyo, Japan, U.S, China

☆ How Japan’s Shinkansen bullet trains changed the world of rail travel
▼ + stars: | 2024-10-01 | by ( Ben Jones | ) edition.cnn.com time to read: +12 min

This was the dawn of Japan’s “bullet train” era, widely regarded as the defining symbol of the country’s astonishing recovery from the trauma of World War II. A map of Japan's high-speed rail lines. Japan’s high-speed rail revolutionFast train: Japan's distinctive Shinkansen "bullet trains" have been plying the country's high-speed railways since 1964. Toru Yamanaka/AFP/Getty Image TGV: France's answer to the Bullet Train, the Train à Grand Vitesse, began operating between Paris and Lyon in 1981. Mehdi Fedouach/AFP/Getty Images China's rail expansion: China has now eclipsed the rest of the world when it comes to high-speed rail.

Persons: Yoshikazu Tsuno, Jiji Press, Toru Yamanaka, Mehdi Fedouach, Wang He, ”, Christopher P, Hood Organizations: CNN, Olympic Games, Hitachi, Toshiba, Mount, Getty, Mount Fuji, Tokyo, Lions, Hulton, Keystone, Jiji, West Japan Railway, Ltd, Fuji, Vitesse, Lyon, JR EAST, Eurostar, JR EAST Japan, “ Locations: Tokyo, Osaka, Japan, Shin, Kobe, Kyoto, Hiroshima, Nagano, AFP, North America, Europe, Korea, Russia, Honshu, Kyushu, Hokkaido, Sanrio, Paris, China, France, Spain, Belgium, South Korea, United Kingdom, Morocco, France’s, Bordeaux, Italy, Germany, Netherlands, Taiwan, Turkey, Saudi Arabia, London, Brussels, Amsterdam, India, Thailand, Wuhan, Western Europe, Nagoya, British

☆ North Korea says it tested new ballistic missiles with super-large warhead
▼ + stars: | 2024-09-19 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +3 min

SEOUL, South Korea — North Korea tested new tactical ballistic missiles using super-large warheads and modified cruise missiles on Wednesday as leader Kim Jong Un called for stronger conventional weapons and nuclear capabilities, state news agency KCNA reported. The account followed the firing of multiple short-range ballistic missiles on Wednesday reported by the South Korean military, which was the second time the North test-launched missiles in a week. Last week, North Korea also unveiled a uranium enrichment facility, in its first such public report. Wednesday’s tests involved the new tactical ballistic Hwasongpho-11-Da-4.5 missile, KCNA said, indicating it was part of a series of short-range ballistic missiles it had been developing. The allies say the drills are defensive in nature and aimed at maintaining readiness against any North Korean aggression.

Persons: Kim Jong, KCNA, Kim, ” KCNA, Shin Seung, Shin, ”, Kim Jong Un Organizations: South Korean, Korea Institute for Defense, Getty Images Kyiv Locations: SEOUL, South Korea, North Korea, South, Seoul . North Korea, Russia, Ukraine, North Korean, Moscow, Pyongyang, U.S

☆ Trump's tariffs would eat up time and money at even the smallest business, Mark Cuban says
▼ + stars: | 2024-09-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMark Cuban has warned that Trump's plan to impose sweeping tariffs on US imports would burden even tiny businesses with expensive, arduous compliance. Related storiesHe was critical of Trump's tariffs on China during his time in the White House and has slammed the Republican candidate's threat of more of the same. "Tariffs are the worst possible incentive for all but a few products," he said, adding that they "almost always" cost consumers more money. Tariff pain and small business woePaul Krugman has been vocally against plans for fresh tariffs if Trump wins in November.

Persons: —, Cuban, Elon Musk's, Grok, Trump, He's, Kamala Harris, Paul Krugman, what's, Kevin O'Leary Organizations: Service, Business, Cuban, Trump, Republican, Dallas Mavericks, Yahoo, White, Democratic, Getty Locations: Cuban, China, Wisconsin

☆ This is the conflict-ridden, tension-filled world that the next US president may have to face
▼ + stars: | 2024-09-08 | by ( Chris Panella | ) www.businessinsider.com time to read: +11 min

Issues range from China and Taiwan to the Middle East to the Ukraine war. AP Photo/Evgeniy MaloletkaOver two and a half years in, the war in Ukraine has no immediate end in sight. Trump has said, without reason or evidence, that he'd end the Ukraine war in 24 hours and has repeatedly threatened to undermine the NATO alliance's collective defense. Tensions with North KoreaSince North Korea's failure in Hanoi at the Trump summits in 2019, the nation's trajectory has shifted upwards. Spencer Platt and Brandon Bell/Getty ImagesBoth Trump and Harris find themselves running for president at a particular tense time in global politics.

Persons: —, Donald Trump, Kamala Harris, Trump's, he's, Harris, Joe Biden's, Trump, Biden, Daniel Ceng, Amir Cohen, Benjamin Netanyahu, Yoon Suk, Spencer Platt, Brandon Bell Organizations: Service, Business, NATO, Hamas, Anadolu, Getty, Pentagon, Pacific Command, Trump, Reuters, Human Rights Watch, Gaza Health Ministry, US, Israel, VIA KNS, Getty Images, South Locations: China, Taiwan, Ukraine, Gaza, Russia, North Korea, Kursk, China China, Anadolu, Philippines, South China, Philippine, Beijing, Israel, Iran, Gulf of Oman, North, Hanoi, AFP, Korea, Pyongyang

☆ The United States and Europe need China for clean energy. They will pay a price to break free
▼ + stars: | 2024-08-14 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

London CNN —The United States and Europe are racing to narrow China’s commanding lead in clean energy technologies, throwing subsidies at local manufacturers and hiking tariffs on Chinese imports in a strikingly protectionist turn. Without China’s electric vehicles (EVs), solar panels, wind turbines, and batteries, reducing planet-heating pollution could take longer and ultimately increase costs for businesses and consumers. Beijing’s virtual monopoly on the processing of some critical minerals comes with particular risks for the global green transition. Zhu Haipeng/VCG/APAny delay in switching to clean energy will exact a heavy toll on the planet. Birol at the IEA also advocates for trade policies that diversify supply chains while reducing the risk of delays to the clean energy transition.

Persons: “, Margrethe Vestager, ”, ” Fatih Birol, David G, Victor, Michael R, Davidson, ” Victor, Pierre, Olivier Gourinchas, Zhu Haipeng, Victor of, Birol, don’t Organizations: London CNN, Russia, Getty, ”, International Energy Agency, Global, University of California, CNN, Monetary Fund, McKinsey Global Institute, Victor of University of California, IEA Locations: United States, Europe, China, Lianyungang, Washington, Netherlands, Japan, Beijing, of Taicang, Suzhou, Brookings, University of California San Diego, Fuzhou, Victor of University of California San Diego

☆ Russian artist released in swap builds a new life in Germany, now free to marry her partner
▼ + stars: | 2024-08-13 | by ( The Associated Press | ) www.nbcnews.com time to read: +8 min

That wasn’t an option in their native Russia, but it’s possible now that they live in Germany, which recognizes same-sex weddings. Subbotina campaigned for her partner’s release while also trying to make her life behind bars as tolerable as possible. Now, “I feel that I’m in a really free country,” Subbotina said, as they make plans for a life together in the quiet city of Koblenz in western Germany. The next day, Skochilenko was finally able to embrace Subbotina, who flew to Germany when she heard the news. Freed Russian artist Sasha Skochilenko shows a painting she made of herself in Koblenz, Germany.

Persons: Sasha Skochilenko, ” Skochilenko, Subbotina, ” Subbotina, Skochilenko, “, ”, —, “ We’ve, Vladimir Putin’s, ‘ Sonya, I’m, ‘, Andrei Pivovarov, Olaf Scholz, Freed, Michael Probst, ” They’ve, Sasha Organizations: Associated Press, Church, Russian Locations: Russia, Germany, East, Ukraine, Koblenz, St . Petersburg, Skochilenko, “, Moscow, Moscow’s, Ankara, Turkey, Freed Russian

☆ Meta shows aggressive spending on AI is already paying off in big earnings beat
▼ + stars: | 2024-07-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

While there are still concerns about the company's aggressive AI spending, we believe these investments will pay off in the long run. Both trends were cited as the main drivers behind Meta's revenue outperformance in the quarter. Zuckerberg added that AI is opening the door to new experiences and opportunities, especially with Meta AI, which is powered by the company's large language model that is often referred to as Llama. Zuckerberg said he believes Meta AI will be the most used AI assistant in the world by year end. Management now sees capex in the range of $37 billion to $40 billion, up from its prior range of $35 billion to $40 billion.

Persons: China's ByteDance, — Zuckerberg, Zuckerberg, we'll, Ray, Jim Cramer's, Jim Cramer, Jim, Mark Zuckerberg Organizations: Revenue, LSEG, China's, Meta, Investment, Facebook, Realty Labs, VR, Management, CNBC, Press, AFP, Getty Locations: United States, U.S, Tokyo

☆ China third plenum: Communist Party meets to set direction for troubled economy
▼ + stars: | 2024-07-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Stakes are high for the meeting, which takes place every five years and is known as China’s third plenum. It has historically been a platform for the party’s leadership to announce key economic reforms and policy directives. China’s gross domestic product expanded by 4.7% in the April to June months, compared to the previous year. But observers of China’s opaque political machine don’t believe there will be fundamental economic reforms this time around. Uncompleted residential buildings at a real estate project on the outskirts of Shenyang in China's Liaoning province earlier this year.

Persons: Hong Kong CNN —, Xi Jinping, Xi, , Xi’s, Andrea Verdelli, They’ll, ”, Neil Thomas, Jing Qian, Li Shangfu, Qin Gang, Li Yuchao, Xu Zhongbo Organizations: Hong Kong CNN, Communist Party, West, Reuters, party’s Central, US, Congress, Bloomberg, Getty, Observers, ” Asia Society Center, China, Tech, EU, Central Committee, Foreign, People’s Liberation Army Rocket Force Locations: China, Hong Kong, Beijing, United States, Europe, party’s, Shenyang, China's Liaoning, China's Shandong

☆ Japan is bracing for rage against the vending machine
▼ + stars: | 2024-07-05 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

Hole-in-the-wall izakayas (traditional bars), ryokan (traditional inns), and Shinto shrines often accept cash only. STR/Getty ImagesTake Japan's millions of vending machines. The Japan Vending Machine Manufacturers Association recently said that almost 80% of the country's machines would need upgrades to accept the new notes, per comments reported by Reuters. Vending machines are a common sight in Japan. If they're stopping by a vending machine there anytime soon, they may want to check first if their bills will work.

Persons: —, Omotesando, Bank of Japan — Organizations: Service, Business, Kansai region's, Japan Vending Machine Manufacturers Association, Reuters, Bank of Japan Locations: Japan, Ginza, Tokyo, Kansai, Kansai region's Osaka

☆ Wilmington to Corpus Christi: The 10 best places to buy a beach house based on average home prices, rental revenue and more
▼ + stars: | 2024-07-05 | by ( Celia Fernandez | ) www.cnbc.com time to read: 1 min

Buying a second home, whether it's a lake house or a house on the beach, is a pretty significant investment for most. It can also come with many benefits, like a side hustle or extra income if you use the space as a rental property. In June, Realtor.com, in collaboration with AirDNA, released their ranking of the top 10 places to buy a beach house in the U.S. to use as a short-term rental. In order to rank the top 10 places, the report looked at:Median home pricesAverage annual rental revenueExpected yieldsSTR (short-term rental) regulationsOf the top 10, six were in the South, while the rest were scattered across the Midwest, East Coast, and Pacific Northwest.

Persons: AirDNA Locations: Realtor.com, U.S, Midwest, East Coast, Pacific Northwest

☆ Prominent Biden loyalists who have suggested he should step down
▼ + stars: | 2024-07-04 | by ( Alice Tecotzky | Thibault Spirlet | ) www.businessinsider.com time to read: +11 min

Read previewFor months, Democrats have rallied behind President Joe Biden, insisting that in private moments he's energetic and up for the job. "Joe Biden had one thing he had to do tonight, and he didn't do it," McCaskill said. Thomas FriedmanThomas Friedman, a journalist and close friend of Biden, said in an opinion piece that the president should step aside. Nicholas KristofNicholas Kristof, a New York Times columnist, addressed Biden directly in an opinion piece, calling on him to step down. Paul KrugmanPaul Krugman, a New York Times opinion columnist, said he "very reluctantly" joined others in calling on Biden to step aside.

Persons: —, Joe Biden, Biden's, David Axelrod David Axelrod, Obama, Joe Raedle, David Axelrod, Biden, Axelrod, Jason Mendez, Getty, Jon Favreau, haven't, Joe Biden —, Dan Pfeiffer, Tommy Vietor, Claire McCaskill Claire McCaskill, NBC Claire McCaskill, McCaskill, Kamala Harris, Gavin Newsom, Thomas Friedman Thomas Friedman, Michael Cohen, Thomas Friedman, Friedman, Donald Trump, Harris, Van Jones, Scott Dudelson Van Jones, Jones, Joy Reid, Ben Rhodes Ben Rhodes, Ben Rhodes, Nicholas Kristof Nicholas Kristof, Jamie McCarthy, Getty Nicholas Kristof, Kristof, Gretchen Whitmer, Sen, Sherrod Brown, Gina Raimondo, Evan Osnos, Thos Robinson, Osnos, Joe Scarborough, Noam Galai, Scarborough, Paul Krugman Paul Krugman, Paul Krugman, he's, Krugman, Chandler West, Joe Organizations: Service, Democratic National Convention, Business, GOP, Biden, CNN, Democratic, NBC, MSNBC, Gov, New York Times, Convention, CBS, Getty, Trump, Global Citizen, The New York Times, Chandler West Chandler West, White House, Axios, White Locations: America, California, Michigan, United States, Axios

☆ Bitcoin slides to two-month low as Fed signals it's not ready to cut rates yet
▼ + stars: | 2024-07-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price this year. STR | Nurphoto via Getty ImagesBitcoin's price slumped to around $57,000 apiece Thursday, hitting a two-month low after the U.S. Federal Reserve released minutes from its June meeting indicating the central bank isn't yet ready to cut interest rates. Since then, bitcoin has pared losses somewhat and was trading at $57,932.57, down 3.4% as of 5:05 p.m. London time. Higher interest rates are typically less favorable for bitcoin and other cryptocurrencies as it dampens investor risk appetite. ETFs allow investors to buy a product that tracks the price of bitcoin without owning the underlying cryptocurrency.

Persons: bitcoin, Bitcoin, Crypto, CCData Organizations: Getty, U.S . Federal Reserve, Federal Reserve, Securities and Exchange Commission Locations: London, U.S, Gox

☆ EU and China set for talks on planned electric vehicle tariffs
▼ + stars: | 2024-06-23 | by ( ) www.cnbc.com time to read: +5 min

The EU and China have reportedly agreed to start talks on the planned imposition of tariffs on Chinese-made EVs. Germany's Economy Minister Robert Habeck said he had been informed by EU commissioner Valdis Dombrovskis that there would be concrete negotiations on tariffs with China. The minister had said earlier on Saturday that the European Union's door was open for discussions regarding EU tariffs on Chinese exports. Proposed EU tariffs on Chinese goods are not a "punishment", Habeck told Chinese officials earlier in Beijing. Proposed EU duties on Chinese-made EVs would hurt both sides, Zheng added.

Persons: Robert Habeck, Valdis, Wang Wentao, Habeck, Habeck's, Zheng Shanjie, Zheng, Valdis Dombrovskis Organizations: Afp, Getty Images, European Union, Germany's, EU, European Commission, Russia, National, Reform Commission, Chinese Commerce, EU Trade Locations: Taicang Port, Suzhou, China's, Jiangsu Province, EU, China, Getty Images China, Shanghai, Beijing, Brussels, Berlin, Ukraine, Russia, Europe, U.S, Brazil, Turkey, Germany

☆ Weapons from longtime foes North and South Korea have been fueling opposite sides of the war in Ukraine
▼ + stars: | 2024-06-18 | by ( Chris Panella | ) www.businessinsider.com time to read: +10 min

Read previewNorth Korea and South Korea have been fueling opposite sides of the war in Ukraine, positioning themselves as players in this conflict. Coming out of pandemic lockdowns, North Korea is navigating international relations to find the situations that are most advantageous for it. The agreement details are not clear, but it appears that South Korea sent ammo to replenish US stockpiles, which was then sent to Ukraine. STR via Getty ImagesBoth North Korea and South Korea also have ideological reasons to be involved in the war in Ukraine. South Korea has long had close trade relationships with China in particular and remains concerned about how Russia could influence or empower North Korea, risking war on the peninsula.

Persons: —, aren't, Vladimir Putin, Kim Jong Un, Yoon, Chris Park, Burke, it's, Caesar, LIONEL BONAVENTURE, Getty Images Kim, Putin's, Kim, Donald Trump, Nancy Pelosi, Putin, Wolfgang Schwan, Mark Cancian, Cancian, Kim Il, Park Organizations: Service, Business, North, Arleigh, Center for Strategic, International Studies, CSIS, South, Getty Images, Russia, Getty, Marine, Korean Central News Agency, North Korea — Locations: Korea, South Korea, Ukraine, Russia, Pyongyang, Russian, United States, North Korea, Europe, Ukrainian, Tarbes, France, North, Hanoi, China, Taiwan, Moscow, Korean, Donetsk Oblast, Anadolu, Park, Iran

☆ Europe's climate ambitions thrown into doubt as Green vote collapses
▼ + stars: | 2024-06-10 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

That's significantly lower than the 71 seats the Greens/EFA secured when the green faction enjoyed its strongest ever showing five years ago. Nationalist and far-right parties — traditionally skeptical of climate issues — have also been vocal critics of green policies. Bas Eickhout Lead candidate for the Green PartyBas Eickhout, lead candidate for the Green Party, said that support for the far-right parties across the bloc could jeopardize Europe's progress on climate action. Green Deal 'cannot go back'Ahead of the vote, researchers warned that the outcome of the European elections was likely to put significant pressure on the European Green Deal, the region's showcase carbon neutrality program. Which means [the] Green Deal cannot go back, but we are prepared to give it this additional twist, which is a Green Deal, but taking care of the transitions," Marques told CNBC's Silvia Amaro.

Persons: Emmanuel Macron, —, we're, Eickhout, CNBC's Silvia Amaro, Ricarda Lang, Grünen, Terry Reintke, Omid, Reintke, Pedro Marques, Marques, Jorg Asmussen, Asmussen, CNBC's Annette Weisbach, John Macdougall Organizations: Afp, Getty, European Free Alliance, Greens, EFA, Democracy, European Union, European Conservatives, Social Democrats, Free Democrats, French, Union, Nationalist, Bas Eickhout, Green Party, Green, Green Deal, Socialist, Democrats Group, German Insurance Association Locations: The Hague, Germany, Austria, France, Bas, China, United States, Europe, European, Berlin's Columbiahalle, Denmark, Netherlands, Sweden, Finland, Croatia, Latvia, Slovenia, Lithuania, EU, den Linden, Berlin

☆ Meet the group preparing for a Soviet Union-type collapse of the US economy
▼ + stars: | 2024-05-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the people preparing for the collapse of the financial system . The big storyPreparing for the worstAdobe; Chelsea Jia Feng/BIOpinions fluctuate on the economy, but one group has a decidedly strong take. In the subreddit r/economiccollapse, users are preparing for a Soviet Union-type fall of the US economy , writes Business Insider's Jennifer Sor. Further down the economic totem pole, ALICEs (asset limited, income constrained, employed) are struggling to make ends meet . 3 things in techAlex Wong/Getty Images, STR / Contributor/Getty Images, Stephane De Sakutin/Contributor/Getty Images, Abanti Chowdhury/BIHow Mark Zuckerberg turned against the news.

Persons: —, Chelsea Jia Feng, Jennifer Sor, Jennifer, aren't, Tyler, there's, Neil Dutta, Jim Simons, annualized, Alex Wong, Stephane De Sakutin, Abanti Chowdhury, Mark Zuckerberg, Zuckerberg, Rupert Murdoch, Sam Altman, Alyssa Powell, Rick Doblin, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Grace Lett Organizations: Service, Business, Chelsea, Macro, Renaissance Technologies, Big Tech, Apple, FDA, FOX Locations: Soviet Union, China, Washington, Beijing, New York, London, Chicago

☆ Taylor Swift's Eras Tour might be about to do for Europe what it did for America
▼ + stars: | 2024-05-11 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The European leg of Taylor Swift's record-breaking Eras Tour kicked off on Thursday. The Eras tour is the first concert tour to gross over $1 billion, estimates showed. AdvertisementThe European leg of Taylor Swift's Eras Tour kicked off in Paris on Thursday. Estimates showed that the Eras tour is the first concert tour to gross over $1 billion. Hotel booking statistics also help to capture the sense of how in-demand Eras Tour tickets are.

Persons: Taylor, —, Dara Khosrowshahi, Swift, Beyoncé, AirDNA Organizations: Service, Department, Uber, Federal Reserve, Associated Press, Swift, Liverpool, Ireland, Miss Americana Locations: Paris, Singapore —, —, Australia, Stockholm, Cardiff, Vienna, Austria, Warsaw, Poland, Europe, Ukraine

☆ Big Chinese cities are making it easier to buy homes to boost depressed property market
▼ + stars: | 2024-05-09 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Last October it removed curbs in most districts, and in March loosened restrictions on purchases of second homes. Other cities have also taken major steps to make the process of buying property easier. Changsha, the capital city of Hunan province, has also lifted home purchase curbs since last month. “The April Politburo meeting set a more supportive tone for the property sector, prioritizing the reduction of existing home inventory,” they said. “This may suggest that more local governments may be allowed to purchase homes directly from the market for social housing purposes.”

Organizations: Hong Kong CNN, Geely, Hangzhou Housing Security, Real, Administration, Getty Images, homebuyers, Communist Party, UBS Locations: China, Hong Kong, Hangzhou, Chengdu, China's, Sichuan, Getty Images Chengdu, Changsha, Hunan province, Evergrande, Beijing

☆ Hundreds of thousands of fish died in a single reservoir in Vietnam, another sign of how climate change is strangling the economy
▼ + stars: | 2024-05-06 | by ( Meghan Morris | ) www.businessinsider.com time to read: +4 min

A prolonged drought in southeast Asia contributed to massive fish deaths in southern Vietnam. The climate crisis and human development threaten the Mekong Delta, a key global agricultural center. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In Vietnam, the maze of wetlands that comprise the Mekong Delta is called the country's "rice bowl" because of the vast agriculture it supports. Related storiesMeanwhile, in southern Vietnam, hundreds of thousands of fish died in a reservoir last month as temperatures peaked over 100 degrees Fahrenheit and no rain fell for weeks, the AFP reported.

Persons: —, El Niño, they're, Ksor Phung, VnExpress Organizations: Service, Mekong Delta, country's Ministry of Natural Resources, Environment, World Bank, AFP, Residents, Business, Getty, Commission Locations: Asia, Vietnam, Delta, El, Mekong

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