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☆ Exxon Mobil CEO urges COP28 to focus on reducing emissions — not phasing out fossil fuels
▼ + stars: | 2023-12-02 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

There's also an ongoing debate about whether an agreement should center on "abated" fossil fuels, which are trapped and stocked with carbon capture and storage technologies, or "unabated" fossil fuels, which are largely understood to be produced and used without substantial reductions in the amount of emitted greenhouse gases. "We cannot save a burning planet with a firehose of fossil fuels," Guterres said. "The 1.5-degree limit is only possible if we ultimately stop burning all fossil fuels. Not everyone is on board with calls to phase out fossil fuels, however. An Exxon Mobil gas station in Washington, DC, US, on Tuesday, Nov. 28, 203.

Persons: Darren Woods, There's, Steve Sedgwick, Woods, U.N, António Guterres, Guterres, Phaseout, David Paul Morris, Exxon Mobil's Woods, Tengku Muhammad Taufik, I'm Organizations: UNITED, EMIRATES, Exxon Mobil, United Arab Emirates, United Arab, Exxon Mobil Corp, Economic Cooperation, APEC, Bloomberg, Getty Images Bloomberg, Getty, Exxon, Big Oil, Petronas, Natural Resources, Mobil Locations: Dubai, COP28, Russia, United Arab Emirates, Asia, San Francisco , California, San Francisco, China, UAE, Washington , DC

☆ Bill Gates warns the world is likely to smash through a critical warming threshold
▼ + stars: | 2023-12-01 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Bill Gates arrives for a press conference to launch the Global Polio Eradication Initiative at the European Commission's Berlaymont headquarters in Brussels on October 11, 2023. Dubai, UNITED ARAB EMIRATES — Billionaire philanthropist Bill Gates on Friday said the world is likely to overshoot a critical temperature threshold that scientists have long warned could bring dangerous and potentially irreversible impacts on people, wildlife and ecosystems. However, the Microsoft co-founder said any headway in the climate fight would likely not be enough to prevent 2 degrees Celsius of global warming. His comments come as policymakers and business leaders convene in Dubai for the United Nations' biggest and most important annual climate summit. "There is not some binary cut-off where at a certain temperature everything is horrible," Gates said on Friday.

Persons: Bill Gates, CNBC's Tania Bryer, Gates, we've, we'll Organizations: UNITED, EMIRATES — Billionaire, United, United Arab Emirates, Microsoft, United Nations Locations: Brussels, Dubai, United Arab

☆ Bill Gates shares his ‘big hope’ for COP28 as world leaders gather for climate talks
▼ + stars: | 2023-12-01 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Speaking as world leaders convened in Dubai in the United Arab Emirates on the second day of the COP28 summit, Gates said he believed there were many encouraging climate solutions but that these projects required the necessary support from policymakers and business leaders. "And that requires government policies, it requires the big corporations to come in and so all these different communities that have to come together, they are represented here." COP28 is the United Nations' biggest and most important annual climate conference. The two-week long summit got underway on Thursday, with more than 160 world leaders expected to attend — alongside an estimated 70,000 delegates. "And so, facilitating the speed of innovation and the speed of the scale up, that's my big hope for COP28."

Persons: Bill Gates, Gates, CNBC's Tania Bryer Organizations: UNITED, EMIRATES, Microsoft, United Arab Emirates, United Nations Locations: Dubai, United

☆ Countries at COP28 approve climate disaster fund deal details in early breakthrough
▼ + stars: | 2023-11-30 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

A man wearing a thawb walks past flags of nations participating in the UNFCCC COP28 Climate Conference the day before its official opening on November 29, 2023 in Dubai, United Arab Emirates. Dubai, UNITED ARAB EMIRATES — Countries at the U.N. COP28 summit on Thursday agreed on deal details for a disaster fund to help nations reeling from damages caused by the climate crisis. So far, the pledges to the fund include $100 million from Germany, $100 million from the United Arab Emirates, $17 million from the U.S. and $10 million from Japan. High-income countries, which account for the bulk of historical greenhouse gas emissions, have long opposed the creation of a loss and damage fund to compensate low-income nations. Avinash Persaud, special climate envoy to Barbados, said that the deal reflects "a hard fought historic agreement."

Persons: Friederike Roder, Roder, Avinash Persaud Organizations: United Arab Emirates, UNITED, EMIRATES, United Arab, Bank, Global Citizen Locations: Dubai, United Arab, COP28, United Arab Emirates, COP27, Egypt, Germany, U.S, Japan, Barbados

☆ COP28 host UAE lashes out at ‘fake news’ on eve of the major UN climate summit
▼ + stars: | 2023-11-29 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

The Blue Zone entrance at the Dubai Exhibition Center ahead of the COP28 climate conference at Expo City in Dubai, United Arab Emirates, on Wednesday, Nov. 29, 2023. More than 70,000 politicians, diplomats, campaigners, financiers and business leaders will fly to Dubai to talk about arresting the world's slide toward environmental catastrophe. Photographer: Annie Sakkab/Bloomberg via Getty ImagesDubai, UNITED ARAB EMIRATES — The United Arab Emirates on Wednesday hit back at what it described as "fake news" designed to undermine its work as the host of the COP28 climate conference. "This press release was not issued by the COP28 team, has no basis in truth, and must be entirely disregarded as fake news," the official COP28 UAE account said Wednesday in a post on X, formerly known as Twitter. "Official COP28 news will only be published via our verified social media and our press office," it added.

Persons: Annie Sakkab, COP28, Sultan Al, Jaber Organizations: Dubai Exhibition Center, Expo, Bloomberg, Getty Images, UNITED, EMIRATES, United, United Arab Emirates, United Nations, Abu Dhabi National Oil Co, Al Locations: Dubai, United Arab Emirates, Getty Images Dubai, United Arab, UAE, Abu Dhabi

☆ A showdown is brewing over money, oil and carbon. Here's what's at stake at the COP28 climate summit
▼ + stars: | 2023-11-29 | by ( Sam Meredith | ) www.cnbc.com time to read: +8 min

Global temperatures and greenhouse gas emissions continue to break records, with no continent left untouched by more frequent and intense extreme weather events. MoneyClimate finance is always a hotly debated talking point at the U.N. summit and COP28 promises to be no different. She anticipated three main debates around the use of oil, gas and coal — the burning of which is the chief driver of the climate crisis. "So, one is this 'phase out' or 'phase down' [of fossil fuels]. There is no credible scenario where CCS will allow continued use of fossil fuels, let alone expanding oil and gas.

Persons: Sean Gallup, HENRY NICHOLLS, Henry Nicholls, COP28, Alex Scott, Rich, Sultan al, Jaber, LUIS TATO, Luis Tato, Melanie Robinson, Robinson, Sultan Al Jaber, Francois Walschaerts Organizations: AG, Getty, United Arab Emirates, InterContinental, Fossil, Energy Intelligence, Afp, Organization for Economic Cooperation, Development, Getty Images, Abu, Abu Dhabi National Oil Company, Climate, World Resources Institute, CNBC, CCS Locations: Salzgitter, Germany, Dubai, Bonn, COP28, London, AFP, E3G, Egypt, COP27, UAE, Garissa, Africa, El Nino, Abu Dhabi, WRI, Brussels

☆ UAE reportedly planned to use COP28 climate summit to lobby for oil and gas deals
▼ + stars: | 2023-11-27 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

The president of the upcoming COP28 climate change Sultan Ahmed al-Jaber speaks during the Abu Dhabi International Petroleum Exhibition at ADNEC Exhibition Center October 2, 2023. Jaber told an Abu Dhabi oil conference on October 2, 2023, that the fossil fuel industry would play an essential role in addressing the climate crisis. Al-Jaber was the founding CEO of Abu Dhabi state-owned renewable energy firm Masdar. CCR, which has received funding from the likes of Greenpeace and Rockefeller Philanthropy Advisors, said it was able to verify the accuracy of the leaked documents via an unnamed whistleblower. The United Nations Framework Convention on Climate Change did not immediately respond to a CNBC request for comment on the leaked documents.

Persons: Ahmed al, Jaber, Ryan LIM, RYAN LIM, Al, ADNOC, Masdar Organizations: Abu, Abu Dhabi International Petroleum, Exhibition, Getty, United Arab, Abu Dhabi National Oil Company, Al, Centre, Climate Reporting, BBC, CCR, Greenpeace, Rockefeller Philanthropy Advisors, CNBC, United Nations Locations: Abu Dhabi, AFP, United Arab Emirates, Masdar, China, Egypt, United, Dubai

☆ China says it would be a 'huge foreign policy mistake' for Argentina to cut ties
▼ + stars: | 2023-11-21 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Argentine presidential candidate for the La Libertad Avanza alliance Javier Milei speaks to supporters after winning the presidential election runoff at his party headquarters in Buenos Aires on November 19, 2023. China on Tuesday issued a warning to Argentina that it would be a "huge foreign policy mistake" for Buenos Aires to cut ties, shortly after right-wing libertarian Javier Milei secured victory in the South American nation's presidential runoff. The president-elect said Argentina would no longer work with "communist" regimes, reportedly likened Beijing's government to an "assassin" and said the people of China were "not free." China's Foreign Ministry Spokesperson Mao Ning said on Tuesday that bilateral relations had shown "sound momentum," adding that Beijing "stands ready to work with Argentina to keep our relations on a steady course." "No countries could step out of diplomatic relations and still be able to engage in economic trade and cooperation," Mao said.

Persons: Javier Milei, Sergio Massa, Mao Ning, Mao Organizations: Argentine, La Libertad, American, Peronist Economy, China's Foreign Locations: Buenos Aires, China, Argentina, Beijing

☆ 'The silent pandemic': A hotter world makes it harder to stop the spread of deadly superbugs
▼ + stars: | 2023-11-20 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

Antimicrobial resistance (AMR), which the World Health Organization has referred to as the "silent pandemic," is an often overlooked and growing global health crisis. Sakis Mitrolidis | Afp | Getty ImagesMaking matters worse, research has shown that climate change is exacerbating the AMR crisis in several ways. "AMR bacteria is known as a silent pandemic. Extreme heat is fueled by the climate crisis, which makes extreme weather more frequent and more intense. "We hear people talking about this 'silent pandemic,' but it shouldn't be silent.

Persons: Sakis Mitrolidis, Tina Joshi, Joshi, University of Plymouth Robb Butler, Butler, Plymouth's Joshi Organizations: Planck, Biology, Getty, World Health, United, AMR, WHO, Afp, University of Plymouth, CNBC, UN, United Arab Emirates, Polygiene, Aircraft, Bloomberg, Plymouth's Locations: United Nations, Sikorahi, Alexandroupoli, Greece, WHO Europe, United Arab, UAE, Hamburg, Germany

☆ Trump-admiring populist Milei wins in Argentina, edging the country closer to a dollarized economy
▼ + stars: | 2023-11-20 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Newly elected President of Argentina Javier Milei of La Libertad Avanza speaks after the polls closed in the presidential runoff on November 19, 2023 in Buenos Aires, Argentina. Argentina's Javier Milei, a far-right political outsider often compared to former U.S. President Donald Trump, vowed to deliver on his radical economic policies shortly after winning the country's presidential run-off. Among some of his proposed policies, Milei has pledged to dollarize the economy, abolish the country's central bank and privatize the pension system. We have the determination to put Argentina on its feet and move forward," Milei said shortly after his victory, according to a translation. The challenges facing Milei's presidency are significant, however — particularly given that the country is once again in the grip of a profound economic crisis.

Persons: Argentina Javier Milei, La Libertad Avanza, Argentina's Javier Milei, Donald Trump, Sergio Massa, Milei Organizations: La Libertad, Peronist Economy Locations: Argentina, Buenos Aires

☆ Russia-Ukraine war live updates: Russian forces ‘trying to surround’ east Ukraine stronghold; Putin meets military top brass
▼ + stars: | 2023-11-10 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

A Ukrainian infantryman walks along a trench in the mud after the rain on Nov. 9, 2023, in an area the military calls the "Horlivka front," an urban-type settlement in Toretsk urban hromada, Donetsk Oblast, eastern Ukraine. The General Staff of the Armed Forces of Ukraine said Friday that the Russian military "does not stop trying to surround" the shattered eastern stronghold of Avdiivka. The industrial hub of Avdiivka, which is regarded as the gateway to Donetsk, has become a symbol of Ukrainian resistance. The update from Ukraine's General Staff reported a series of Russian assaults in the Kharkiv and Donetsk regions over the last 24 hours. Elswhere, Russian President Vladimir Putin met with Defense Minister Sergei Shoigu, chief of the General Staff, Gen. Valery Gerasimov and other key figures at the southern military grouping's headquarters to discuss the Ukraine war.

Persons: Vladimir Putin, Sergei Shoigu, Valery Gerasimov Organizations: The General Staff of, Armed Forces, Ukraine's General Staff, Ukraine's Ministry of Defense, CNBC, General Staff Locations: hromada, Donetsk Oblast, Ukraine, Avdiivka, Donetsk, Kharkiv, Russian

☆ 'Like something out of a Hollywood movie': Scientists say 2023 likely to be the hottest year on record
▼ + stars: | 2023-11-08 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

That was 0.85 degrees Celsius above the 1991-2020 average for October and 1.7 degrees Celsius warmer than the preindustrial period of 1850-1900. It leaves 2023 firmly on track to surpass the temperature average for 2016 — currently the warmest year ever recorded. Samantha Burgess, deputy director of C3S, said the exceptional temperature anomalies of October followed a four-month period in which global temperature records were "obliterated." "We can say with near certainty that 2023 will be the warmest year on record, and is currently 1.43ºC above the preindustrial average," Burgess said. Referencing the upcoming 2023 United Nations Climate Change Conference, she added, "The sense of urgency for ambitious climate action going into COP28 has never been higher."

Persons: Sakis MITROLIDIS, SAKIS MITROLIDIS, —, Samantha Burgess, C3S, Burgess, COP28 Organizations: European Union, Getty, Change Locations: Alexandroupoli, Greece, Cyprus, Romanian, AFP, El

☆ A 'festering' powder keg in Europe is lurking in the shadow of the Israel-Hamas war
▼ + stars: | 2023-10-31 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

"Consequently, the Serbia-Kosovo discord, while festering, finds itself languishing in the shadow of these more immediate and globally resonant challenges." It highlights a major challenge for policymakers: providing ongoing conflicts with near-constant attention, while still monitoring other strategically significant risks. "The fact remains that the Balkan region is a powder keg, where even minor incidents can swiftly spiral into broader conflicts. History has underscored the adage that what happens in the Balkans, doesn't stay in the Balkans," the CEPA's Hartwell said. "The U.S., EU and U.K. do not have the diplomatic and military bandwidth to respond to several conflicts of strategic interest.

Persons: Stringer, Leon Hartwell, Hartwell, Banjska, doesn't, Majda Ruge Organizations: NATO, Kosovo Force, KFOR, Afp, Getty, Center for, CNBC, European Union, Anadolu Agency, European Council, Foreign Relations Locations: Mitrovica, Israel, Russia, Ukraine, Balkans, Europe, Serbia, Kosovo, Palestine, Albania, Bosnia, Herzegovina, Montenegro, North Macedonia, Southern, Eastern Europe, Moscow, Brussels, Washington, Serbs, Kosovan, U.S, EU, Pristina, destabilising Kosovo, Yugoslavia

☆ The U.S. consumer is 'walking towards a cliff,' strategist warns
▼ + stars: | 2023-10-26 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Trouble is brewing for the U.S. consumer, according to one strategist, and a substantial labor market downturn could kickstart a recession. "I think the U.S. consumer is walking towards a cliff, basically," Chris Watling, chief executive of financial advisory firm Longview Economics, told CNBC's "Squawk Box Europe" on Tuesday. He said that a slew of recent economic indicators had showed consumers are quickly running out of excess cash, while household savings are coming under pressure. I mean, quite the reverse, I think there are some real challenges coming for the U.S. Gross domestic product is projected to post a 4.7% annualized gain for the third quarter, according to a Dow Jones consensus estimate.

Persons: Chris Watling, CNBC's, Watling, Dow Organizations: Longview Economics, Gross, Dow Jones, Commerce Department Locations: U.S, Longview

☆ Siemens Energy shares slide 32% after company seeks support from German government
▼ + stars: | 2023-10-26 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Shares of Siemens Energy tumbled more than 32% on Thursday afternoon after the company sought guarantees from the German government. "The strong growth in order intake, particularly in the former Gas and Power business areas, leads to a rising need of guarantees for long-term projects," the company said in a statement. Siemens Energy said it has yet to decide its annual budget for 2024. "The wind business Siemens Gamesa is working through the quality issues and is addressing the offshore ramp up challenges as announced in the third quarter communication for fiscal year 2023," the company said. The wind power giant made headlines earlier this year, when it scrapped its profit forecast and warned that costly failures at wind turbine subsidiary Siemens Gamesa could drag on for years.

Organizations: Siemens Energy, Gas, Siemens

☆ Refusing to fly cost him his job. Here's why this 'slow traveler' says it was a price worth paying
▼ + stars: | 2023-10-26 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

Gianluca Grimalda, a climate researcher and environmental campaigner, intends to "slow travel" back to Europe from Bougainville off the coast of Papua New Guinea. The ultimatum effectively required Grimalda, a climate researcher and self-styled "slow traveler," to promptly board a flight back to Europe. Gianluca Grimalda Climate researcherEmissions from air travel are a significant contributor to climate change and aviation is known to be one of the most challenging sectors to decarbonize. Grimalda spent several months conducting fieldwork into the social impact of climate change on the island of Bougainville. These are people that experience climate change on a daily basis," he added, noting that the coastal communities he'd interacted with had been forced to relocate inland in light of the rising sea level.

Persons: Gianluca Grimalda, Gianluca Grimalda Gianluca Grimalda, Grimalda, he'd Organizations: Kiel Institute, CNBC, Economy Locations: Europe, Bougainville, Papua New Guinea, Germany, Pacific, East New Britain, Singapore, Papua

U.S. President Joe Biden's administration is likely to tighten crude oil sanctions against OPEC member Iran in response to the Islamic Republic's backing of Palestinian militant group Hamas, according to Helima Croft, head of global commodity strategy at RBC Capital Markets. Her comments come ahead of a widely expected ground offensive by Israel into Gaza, a move that Croft believes could set the tone for the West's response to Iran. It has been more than two weeks since Israel announced a "complete siege" on the Gaza Strip, cutting off food, water, fuel and electricity supplies after a devastating Hamas attack. "It certainly looks like the United States is trying to delay an Israeli ground operation because they want to get out the hostages, they want to get out the hundreds of Americans that are trapped in Gaza, but the question is, is this going to be postponed indefinitely, but I think people are bracing for some type of escalation in Gaza," Croft told CNBC's Dan Murphy in Saudi Arabia on Wednesday. She described the oil price reaction to the Israel-Hamas war as "sanguine" so far, but nevertheless said "a lot's going to hinge on what does a potential ground operation look like" and that a widening of the conflict into the broader Middle Eastern region could affect the crude supplies of Iran.

Persons: Joe Biden's, Helima Croft, Croft, CNBC's Dan Murphy Organizations: OPEC, Hamas, RBC Capital Markets, Israel Locations: Iran, Israel, Gaza, United States, Saudi Arabia

☆ World’s largest sovereign wealth fund loses $34 billion as all asset classes fall in third quarter
▼ + stars: | 2023-10-24 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Norway's $1.4 trillion sovereign wealth fund, the world's largest, on Tuesday reported losses of 2.1% in the third quarter, as all asset classes fell in value. The fund last reported a quarterly loss one year ago. "The stock market saw a weaker quarter compared to the two previous quarters," Trond Grande, deputy chief executive of Norges Bank Investment Management, said in a statement. Norway's gigantic sovereign wealth fund was established in the 1990s to invest the surplus revenues of the country's oil and gas sector. The fund reported a quarterly loss of 3.3% on its investments in unlisted real estate, while the third-quarter loss on its renewable energy infrastructure investments came in at 2.4%.

Persons: Trond Grande Organizations: Fund Global, Norges Bank Investment Management

☆ A ground offensive by Israel into Gaza now seems inevitable. The big question is what comes next
▼ + stars: | 2023-10-23 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

Israeli soldiers listen to Israel's Defence Minister Yoav Gallant as he meets them in a field near Israel's border with the Gaza Strip, in southern Israel October 19, 2023. Do you replace it with the Palestinian Authority, which has extremely low levels of popularity in the Gaza Strip?" Thomas Coex | Afp | Getty ImagesMeanwhile, the Palestinian Authority is likely to be reluctant to look like they are collaborating with Israel, Ramani said. The Gaza Strip is a narrow portion of land sandwiched between Israel, Egypt and the Mediterranean Sea. Smoke billows after an Israeli strike on Rafah in the southern Gaza Strip on October 22, 2023 amid the ongoing battles between Israel and Palestinian groups.

Persons: Yoav Gallant, Ronen Zvulun, Samuel Ramani, Ramani, CNBC's, Ismail Haniyeh, Mahmoud Abbas, Abbas, Thomas Coex, Jonathan Conricus, Yossi Mekelberg, Mekelberg, Israel, Said Khatib Organizations: Israel's, Reuters, Hamas, Royal United Services Institute, Palestinian Authority, Palestinian, Afp, Getty, Israel Defense Forces, ABC Radio Melbourne, United Nations, Chatham House Locations: Israel's, Gaza, Israel, Reuters Israel, Sderot, Egypt, Rafah

☆ Israel-Hamas war live updates: Israel to evacuate city near Lebanon border; Biden to make ‘urgent budget request’ to support allies
▼ + stars: | 2023-10-20 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Israel's Defense Ministry and the Israel Defense Forces on Friday asked residents to evacuate from the northern city of Kiryat Shmona, near the Lebanon border. The evacuation order, which was approved by Defense Minister Yoav Gallant, comes amid fears that the Israel-Hamas war could spill over into a regional conflict. Shelling has intensified in recent days between northern Israel and southern Lebanon, a stronghold of the Iran-backed militant group Hezbollah. U.S. President Joe Biden said he would send Congress an "urgent budget request" on Friday, seeking to provide funding for critically important international allies, including Israel and Ukraine. The request comes as the Israel-Hamas war enters its 14th day, with many fearful that an expected ground assault on the Gaza Strip could worsen an already dire humanitarian crisis.

Persons: Yoav Gallant, Joe Biden, Biden, Ehud Barak Organizations: Palestinian, Hamas, Israel's Defense Ministry, Israel Defense Forces, Defense, Hezbollah, Israeli, NBC Locations: Sderot, Gaza, Israel, Kiryat Shmona, Lebanon, Iran, U.S, Canada, Germany, Saudi Arabia, Ukraine

☆ Argentina’s far-right firebrand Javier Milei is the one to beat in a wide-open presidential race
▼ + stars: | 2023-10-20 | by ( Sam Meredith | ) www.cnbc.com time to read: +4 min

Javier Milei presidential candidate of the La Libertad Avanza (Freedom Advances) party, speaks at the campaign closing event on Oct.18, 2023. The first-round presidential vote follows a shock primary win for far-right frontrunner Javier Milei, a libertarian outsider who has pledged to dollarize the economy, abolish the country's central bank, and sharply reduce state spending. (L-R) Presidential Candidate for Juntos Por el Cambio Patricia Bullrich waves to supporters alongside Vice Presidential Candidate Luis Petri and former President of Argentina Mauricio Macri during her closing presidential rally on Oct. 19, 2023 in Lomas de Zamora, Argentina. The race to replace Argentine President Alberto Fernandez, who is not seeking re-election, is unlikely to be decided this weekend. Sergio Massa, Argentina's economy minister and presidential candidate of Unity for the Homeland party, speaks during a closing campaign rally in Buenos Aires, Argentina, on Wednesday, Oct. 18, 2023.

Persons: Javier Milei, Donald Trump, Jair Bolsonaro, Sergio Massa, Patricia Bullrich, Jimena Blanco, Verisk Maplecroft, Massa, Luis Petri, Argentina Mauricio Macri, Marcos Brindicci, Mariano Machado, Mauricio Macri, Machado, Alberto Fernandez, Verisk Maplecroft's Blanco Organizations: La Libertad, Getty, La Libertad Avanza, la Patria coalition, el Cambio, Verisk, CNBC, Juntos, Lomas de Zamora, Americas, Milei, Argentine, Unity, Homeland, Bloomberg Locations: Argentina, Milei, Bullrich, Lomas de, Argentina's, Buenos Aires

Israeli Prime Minister Benjamin Netanyahu on Thursday warned that Israel's conflict with Palestinian militant group Hamas will not be a short-term engagement. Palestinian militant group Hamas said an Israeli airstrike in the north of Gaza City killed the head of its Hamas-led security forces. Violence between Palestinians living in the occupied West Bank and Israeli forces and settlers has meanwhile surged amid the Israel-Hamas war in Gaza. On Thursday, three Palestinians in the West Bank including two teenagers were killed by Israeli forces after they stormed the village of Budrus, Palestinian official news agency WAFA reported. More than 1,400 people have been killed in Israel over the same period, according to Israeli authorities.

Persons: Benjamin Netanyahu, Rishi Sunak, Netanyahu, Joe Biden, Abdel Fatah el, Sissi, WAFA Organizations: Palestinian, British, Hamas, Gaza City, CNBC, West Bank, Palestinian Health Ministry Locations: al, Zahra, Gaza, Israel, West, Budrus, Lebanon

☆ As oil prices rise, these global stocks are set to outperform: Bank of America
▼ + stars: | 2023-10-17 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

The ongoing conflict between Israel and Hamas has seen oil prices jump as investors consider the risk of wider geopolitical issues across the Middle East. These rising prices will benefit a number of stocks, according to Paulina Strzelinska, quant strategist at Bank of America. Outperformers when natural gas prices rise In a separate screen, Bank of America revealed its list of companies that tend to outperform when natural gas prices rise. Equinor is listed on both the Oslo Stock Exchange and Nasdaq, while Rio Tinto is listed on the London Stock Exchange and Australian Securities Exchange. Meanwhile Anglo American has a dual listing on the London Stock Exchange and Johannesburg Stock Exchange.

Persons: Paulina Strzelinska, Brent, Duncan Wanbald, — CNBC's Michael Bloom, Sam Meredith Organizations: Hamas, Bank of America, Bank, Boliden, Royce, Aegon, Galp Energia, Wolters Kluwer, London Stock Exchange, Oslo Stock Exchange, Nasdaq, Rio Tinto, Australian Securities Exchange, Johannesburg Stock Exchange, Reuters Locations: Israel, Europe, Antofagasta, Spanish, Portuguese, Dutch, Rio Tinto, Rio, American, Johannesburg

☆ Images show crowds of people gathering at the Rafah crossing between Gaza and Egypt
▼ + stars: | 2023-10-17 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Maxar collected new satellite images over the past 24 hours that focus on the southern border of Gaza and the Rafah border crossing that leads to Egypt. Located on the Gaza-Egypt border, the Rafah crossing is the sole crossing point between Egypt and the Gaza Strip. Egypt tightly restricts the opening of the Rafah crossing and has so far been reluctant to open it for the movement of people unless Israel allows humanitarian aid to enter the territory. The United Nations has repeatedly called for humanitarian access to the Gaza Strip via the Rafah crossing. Here are some of the latest images from the Rafah crossing:

Persons: Maxar Organizations: Hamas, United Nations Locations: Gaza, Rafah, Egypt, Israel

☆ Climate activist Greta Thunberg arrested at London protest after disrupting major oil conference
▼ + stars: | 2023-10-17 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

Henry Nicholls | Afp | Getty ImagesLONDON — Swedish climate activist Greta Thunberg on Tuesday was detained by police after joining hundreds of protesters to disrupt a major energy conference in London. Thunberg was arrested outside the InterContinental London Park Lane hotel during the "Oily Money Out" protest organized by Fossil Free London and Greenpeace. Their only plan is to profit at our expense," Nuri Syed Corser, an organizer with Fossil Free London, said in a statement. Fossil Free London said 27 people have been arrested so far and protests would continue outside the conference through to Thursday. Climate activists protest outside the InterContinental London Park Lane during the "Oily Money Out" demonstration organised by Fossil Free London on the sidelines of the opening day of the Energy Intelligence Forum 2023 in London on October 17, 2023.

Persons: Greta Thunberg, Henry Nicholls, Thunberg, Nuri Syed Corser, Corser, Vicki Hollub, Amin Nasser, Wael Sawan, We've, Tengku Muhammad Taufik, I'm, Taufik Organizations: InterContinental, Fossil Free, Greenpeace, Energy Intelligence, Afp, Getty, LONDON, Lane, Government, Energy Intelligence Forum, Money, Occidental Petroleum, Shell, The Met Police, Amnesty, Petronas, CNBC, Fossil Locations: Swedish, Fossil Free London, London, Saudi Aramco, Abu Dhabi

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