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☆ Meta accused of breaching EU antitrust rules over ad-supported subscription service
▼ + stars: | 2024-07-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Shares of Facebook parent Meta are down more than 30% this year amid a troubling macro environment and weaker-than-expected results. Facebook parent company Meta was on Monday accused by EU regulators of failing to comply with the bloc's landmark antitrust rules over its recently introduced ad-supported social networking service. The Commission labelled the ad-supported subscription option a "pay or consent" model — which means users have to either pay to use Meta's platforms ad-free, or consent to their data being processed for personalized advertising. The company separately told Reuters in a statement that its ad-supported subscription model "follows the direction of the highest court in Europe and complies with the DMA." Meta has previously pointed to this ruling as a reason for introducing the subscription offer.

Persons: Meta Organizations: Facebook, Meta, CNBC, Reuters, European Court of Justice Locations: Europe

☆ Tesla shares to get hit this quarter on lower demand and margins, predicts Wells Fargo
▼ + stars: | 2024-07-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Tesla shares are likely to take a hit in the third quarter as the company's strategy of boosting sales by slashing prices loses steam, according to Wells Fargo. TSLA YTD line Tesla Wells Fargo has an underweight investment opinion on Tesla and a price target of $120 per share, implying nearly 40% downside from Friday's close of $197.88. has plateaued, and Tesla faces aggressive competition in China from companies such as BYD, leaving "little immediate levers to pull to increase volumes," the Wells Fargo analysts said. The research team is also worried about the demand and profit margins for Tesla's smaller, mass-market Model 2. "We are cautious on margins given likelihood of more price cuts & lower volumes," the Wells analysts said.

Persons: Colin Langan, TSLA, Tesla Organizations: U.S . Electric, Wells Locations: Wells Fargo, EU, China, U.S

☆ Crypto firm Circle gets approval to issue stablecoin in EU under bloc’s strict rules
▼ + stars: | 2024-07-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

In this article USDC.CM= Follow your favorite stocks CREATE FREE ACCOUNTLaunched in 2018 by crypto firm Circle, USDC is now the second-biggest stablecoin globally, with more than $30 billion worth of tokens in circulation. The company said it is also opening up its Circle Mint, which allows businesses to mint and redeem Circle stablecoins, in France. That's because according to MiCA, crypto businesses are able to offer their services in one EU country and "passport" them out into other markets within the bloc. After that point, crypto companies will have until July 2026 to become fully compliant with MiCA. Launched in September 2018 by Circle and crypto exchange Coinbase, USDC is now the second-biggest stablecoin globally, with $32.4 billion worth of tokens in circulation, according to CoinGecko data.

Persons: Circle, it's, Prudentiel, Jeremy Allaire, Allaire, cryptocurrencies, stablecoins, USDT Organizations: Getty, EMI, Union's, U.S ., Investors, European Union, Circle Locations: France, Crypto, U.S, European

☆ Meta accused of breaking European law with its ‘pay or consent’ model
▼ + stars: | 2024-07-01 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +1 min

London CNN —Facebook parent Meta has been accused of breaking Europe’s new digital competition rules over its “pay or consent” advertising model. Late last year, Meta (META) launched a service called “Subscription for no ads,” allowing European users of Facebook and Instagram to pay up to €12.99 ($14) a month for ad-free versions. The alternative is to accept versions with personalized ads. “’Subscription for no ads’ follows the direction of the highest court in Europe and complies with the DMA,” a Meta company spokesperson told CNN. “We look forward to further constructive dialogue with the European Commission to bring this investigation to a close.”This is a developing story and will be updated.

Organizations: London CNN, Facebook, Meta, European Commission, Digital Markets, CNN Locations: Europe

☆ Inside the Little Britain Inn, where Germans go to pretend to be British
▼ + stars: | 2024-06-30 | by ( Julia Buckley | ) edition.cnn.com time to read: +15 min

Welcome to the Little Britain Inn, a corner of Germany that shall remain forever England. Because that’s the thing about the Little Britain Inn. In fact, the reason the Little Britain Inn exists is because of a cross-cultural argument. The Little Britain Inn also rates 4.8 out of 5 on Google. Some of our best guests have been here eight or 10 times – it’s like they’re our friends.”Today, the Little Britain Inn is going from strength to strength.

Persons: ”, Jack, that’s, there’s, Queen Elizabeth, Prince William, “, Blinders, Julia Buckley, Robin Hood, James Bond, Queen Elizabeth II, . Bean, Jack Sparrow, Alice, Wonderland, the, William, Meghan, Harry, Charles, Camilla, Princess Diana, Brexit Gary Blackburn, Gary Blackburn, Blackburn, Monika, who’s, it’s, who’d, he's, Unkel –, Who, they’d, Union Jack –, England, –, Bean, Agatha Christie, Harry Potter, – Blackburn, traipse, King Charles, Emma Bridgewater, King Charlie's, John Deere, Emily, Alyson, wouldn’t, They’re, Diana, Gary’s Organizations: Germany CNN, England, lifesize Paddington Bears, Paddington Bears, CNN, Paddington Bear, Brit, European Union, EU, Blackburn, Little, Linz –, Royce, Union, Google, YouTube, Regulars Locations: Vettelschloss, Germany, Rheinland, Pfalz, Rhineland, Palatinate, Bonn, West Germany, Cologne, Little Britain, Trafalgar, Little, England, British, German, Poland, Unkel, Linz, London, Blackburn, Guildford, Charles, Cornwall, Birkenstock, Argentina

☆ Morgan Stanley says this is the stock to play China's EV industry consolidation
▼ + stars: | 2024-06-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Morgan Stanley has resumed coverage of Hong Kong-listed Geely with an overweight rating on expectations the Chinese automaker can weather macro and industry uncertainties. "We see Geely as a beneficiary of market consolidation," Morgan Stanley Asia equity analyst Tim Hsiao and a team said in a June 25 report that resumed coverage of the stock. Hangzhou-based Geely entered China's auto industry in 1997 and is known for acquiring Volvo in 2010. But the company raised the share of its new energy vehicles to 32% so far this year, higher than peers such as Great Wall Motor, for which the share is 23%, the Morgan Stanley analysts pointed out on Tuesday. The Morgan Stanley analysts on Tuesday set a price target of HK$11.20 ($1.43), about 27% above where shares closed Friday.

Persons: Morgan Stanley, Tim Hsiao, Geely, PHEV, Morgan Stanley's, BYD, bode Organizations: U.S, European Union, Lynk, Volvo, HK Locations: Hong Kong, Morgan Stanley Asia, Hangzhou, New York, China, EVs

CNN —Israel has sparked condemnation after the finance minister announced plans to legally recognize five unauthorized Jewish settlements in the occupied West Bank. As CNN has reported, the Israeli government has been looking to “strengthen” Jewish settlements in the occupied West Bank after several countries unilaterally recognized a Palestinian state. The Palestinian Authority, which administers some areas of the Israeli-occupied West Bank, told CNN on Sunday that it has not yet received the funds from Israel. He has long advocated for the building of settlements, pointing to them as a means of preventing the West Bank becoming part of such an independent state. Such settlements are considered illegal under international law and by much of the international community.

Persons: CNN — Israel, Bezalel Smotrich, ”, Amir Cohen, Peter Stano, “, Smotrich Organizations: CNN, West Bank, Palestinian Authority, Israel, Israeli, Reuters, Union, Oslo Accords Locations: Palestinian, Israel, Qatar, Egypt, Saudi Arabia, Gaza, East Jerusalem, Oslo

☆ Russia can’t fight NATO on the battlefield – so it’s waging a hybrid war instead
▼ + stars: | 2024-06-30 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +15 min

And while they might look minor in isolation, taken together these incidents amount to what security experts say is Russia’s hybrid war on the West. Thornton said Russia was resorting to a campaign of sabotage as an alternative to a full-on war with NATO, which would be disastrous for Russia. Article 5 is the cornerstone principle that an attack on one member of NATO is an attack on all members. Danylyuk said the Russian security apparatus doesn’t shy away from using criminals to do its dirty work, tapping into its links with international organized crime. Russia can only be strong if the West and NATO are weak.

Persons: –, Petr Fiala, Jens Stoltenberg, Rod Thornton, there’s, ” Thornton, Vladimir Putin, Thornton, “, ”, It’s, ” Nicole Wolkov, Andrei Averyanov, Averyanov, Sergei, Yulia Skripal, d’etat, Oleksandr Danylyuk, …, Volodymyr Zelensky’s, Danylyuk, Olga Lautman, Fiala, Sergei Skripal, Yulia, Frank Augstein, ” Lautman, Lautman, Alexander Litvinenko, Andrei Lugovoi, Theresa May, Nikolai Glushkov, Salisbury, Putin, ” “, let’s, ’ ”, that’s, Litvinenko, Skripal Organizations: CNN, Occupation, . Police, European Union, NATO, King’s College London, ”, Royal United Services Institute, Czech Police, GRU, London –, German Federal Public, Ukraine, Russian, Russia NATO, Center for, European, of Human, Duma, Metropolitan Police, Command, Soviet, West Locations: Prague, Czech, Moscow, Europe, Riga, London, Warsaw, Germany, Russia, Belarus, Russian, Spain, Lithuania, Canada, Ukraine, Kyiv, Russia –, United States, al Qaeda, France, EU, Salisbury, England, Czech Republic, Vrbetice, Montenegro, Moldova, Macedonia, Ukrainian, Poland, Salisbury , England, Finland, Estonia, Lautman, Soviet Union

☆ Hungary’s populist Orbán to take over EU presidency as many issues hang in the balance
▼ + stars: | 2024-06-30 | by ( ) www.cnbc.com time to read: +3 min

Viktor Orban, Hungary's prime minister, arrives on day one of the European Union (EU) leaders summit at the EU Council headquarters in Brussels, Belgium, on Monday, May 30, 2022. Hungary's motto for its presidency — Make Europe Great Again — raised eyebrows for its resemblance to the famous tagline of former U.S. President Donald Trump. The EU presidency rotates among its member countries, and while the post holds little real power, it does allow countries to put their priorities high on Europe's agenda. As Hungary's takeover approached, leaders in Brussels rushed to push through important policy decisions while Belgium was still at the helm. "(A Hungarian) delay, according to most European leaders, is already calculated and being taken into consideration as if it's something which is most likely going to happen."

Persons: Viktor Orban, Hungary's, Viktor Orbán, Donald Trump, Dorka Takácsy, —, Takácsy, Orbán Organizations: European Union, EU, —, Centre, Integration, Budapest Locations: Brussels, Belgium, Hungary, Ukraine, Russia, China, Moldova

☆ Protesters and police clash as Germany’s far-right AfD begin conference
▼ + stars: | 2024-06-29 | by ( Sophie Tanno | ) edition.cnn.com time to read: +2 min

CNN —Protesters have clashed with police as a conference of Germany’s far-right Alternative for Germany (AfD) party got underway in the western city of Essen on Saturday. Police scuffle with protesters who block access near the venue where AfD delegates are holding a conference. According to the organization, around 7,000 Widersetzen protesters were on the streets of Essen on Saturday morning, with more expected in the afternoon. In May, prominent AfD politician Maximilian Krah drew condemnation after suggesting not all members of the Nazi SS were criminals. Krah also caused friction within his party, with the AfD saying his statements had caused “massive damage” to their election campaign.

Persons: ”, Christian Mang, Widersetzen, Maximilian Krah, Krah Organizations: CNN — Protesters, Police, Reuters, Christian Democratic Union, CDU, Nazi SS Locations: Germany, Essen, ” Essen

☆ Heat waves in Europe are getting more dangerous. Here’s what that means for travelers
▼ + stars: | 2024-06-29 | by ( Billy Stockwell | ) edition.cnn.com time to read: +10 min

CNN —Growing up in Texas, Mary Beth Walsh thought she was accustomed to high temperatures. Her hometown of Dallas, which is currently being blasted by unrelenting heat, frequently experiences heat waves. “I always joke around that I have such a high heat tolerance; I bring my sweatshirt with me to class in August (in the US),” she said. Hiking in high temperatures has been a common thread linking recent deaths in the country. Amer Ghazzal/ShutterstockExtreme heat is one consequence of climate change impacting tourist hot spots across Europe.

Persons: Mary Beth Walsh, “, ”, Michael Mosley, we’ve, ” Roo Clark, Stefanos Sidiropoulos, Sidiropoulos, acclimatize, Guglielmo Mangiapane, ” Eduardo Santander, ‘, Amer Ghazzal, Clark, ” Clark, Andrea Ammon, ECDC, Hilary Swift, ” Rebecca Carter, Carter Organizations: CNN, Dallas, “, ” Authorities, Tourism Council, Reuters, European Travel Commission, ETC, Santander, European Centre for Disease Prevention, Authorities, Bloomberg, Getty, World Resources Institute Locations: Texas, Athens, Europe, Greece, British, Suffolk, England, Skyros, Canada, Hellas, Italy, Rome, Perugia, Palermo, Rhodes, Czech Republic, Bulgaria, Denmark, Portugal, Spain, Spain’s Seville

☆ Pfizer struggles to claw back faith with Wall Street and its employees as it recovers from the Covid decline
▼ + stars: | 2024-06-28 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +19 min

But other current employees are dissatisfied with where the strategy shift has left them. In January 2023, Pfizer forecast a steep drop in annual revenue, to between $67 billion and $71 billion. Pfizer's 2023 revenue ultimately came in at $58.5 billion, including $11.22 billion from its Covid vaccine and $1.28 billion from Paxlovid. Faith in executive leadership also plunged among some workers, according to most of the current and former employees who spoke with CNBC. Some current workers said that hasn't appeared to change after the town hall on May 2.

Persons: Albert Bourla, Wall, they're, Bourla, I'm, drugmaker Seagen, Irfan Khan, hasn't, Pfizer, renegotiating, John Thys, Payal Sahni Becher, Becher, Kena, Mike McDermott, Bourla's Organizations: Corbis, Getty, Pfizer, Wall, CNBC, Los Angeles Times, Moderna, Centers for Disease Control, U.S ., GSK, Bristol Myers Squibb, Pfizer wasn't, . Biotech, Companies, Biotech, BioNtech, Reuters, Human, View Press, Global, APEC, Summit, Tech, Google Locations: U.S, Covid, Eagle Rock , California, Durham , North Carolina, Puurs, Belgium, New York City, Peapack , New Jersey, Kena

☆ Hezbollah has the weapons to carry out its threat against Cyprus
▼ + stars: | 2024-06-28 | by ( Paul Iddon | ) www.businessinsider.com time to read: +9 min

The threat against Cyprus is also an indirect threat against NATO member Greece, which has close ties with Israel. "Although the Republic of Cyprus and Israel have enjoyed strategic cooperation for years, the current timing is crucial. "The Republic of Cyprus is able to expose the tactics of Hezbollah at the EU level and simultaneously seek support by the US." Jack Guez/Getty ImagesNevertheless, Hezbollah could harm Cyprus if it carries out its threat. Related stories"The Israeli capacity to shoot down Hezbollah's drones in 2022 could be a model for the Republic of Cyprus," Tzogopoulos said.

Persons: —, Hassan Nasrallah, George Tzogopoulos, Tzogopoulos, Nasrallah, Jack Guez, Mark III, Nicholas Heras, Heras Organizations: Service, NATO, Israel, Cypriot, Business, Hezbollah, European Union, UN, Sovereign Base, EU, Cypriot National Guard, New Lines Institute, Israeli Air Force, New Lines, Israeli Defense Forces Locations: Iran, Lebanon, Republic of Cyprus, Cyprus, Greece, Israel, Turkey, Turkish Republic of Northern Cyprus, United Kingdom, Akrotiri, EU, Gaza, Russian, Nicosia, Iranian Fateh, Yemen, Syria, NATO

☆ France's far right looks headed for victory in the first round at the polls. Here's what that means
▼ + stars: | 2024-06-28 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +4 min

Nurphoto | Getty ImagesWith just days to go until France's snap parliamentary election kicks off, victory for the far right looks increasingly likely in the first phase of the two-stage runoff. But predicting the outcome of France's final vote on July 7 is less clear-cut, given the complexity of France's voting system. Voter turnout for the national election is also expected to be larger — and therefore more representative — than the 51% who cast their ballot in the EU vote. With that in mind, analysts see a 30% to 40% chance of the National Rally winning the 289 seats needed to secure an absolute majority in the 577-seat National Assembly. A majority government for either the far-right or the ultraleft alliance, meanwhile, could spark a far more dramatic outcome.

Persons: Jordan Bardella, Emmanuel Macron's, Schmieding, — Organizations: National, Palais des Sports, Nurphoto, Elabe, CNBC, Macron, National Rally, National Assembly, Berenberg Bank, Citi Locations: French, Le, Paris, France

☆ EU leaders pick von der Leyen for second term as Commission chief
▼ + stars: | 2024-06-28 | by ( ) www.cnbc.com time to read: +2 min

European Union leaders agreed to nominate Ursula von der Leyen of Germany for a second five-year term as president of the European Commission, the EU's powerful executive body. Hungarian Prime Minister Viktor Orban, another right-winger, voted against von der Leyen and did not vote for Kallas, diplomats said. Von der Leyen's nomination still needs approval from the European Parliament in a secret ballot - widely seen as a trickier proposition than her endorsement by EU leaders. "It is a matter of convincing - if possible - a broad majority for a strong Europe," von der Leyen said. Von der Leyen hails from the centre-right, Costa from the centre-left and Kallas from Europe's liberal group.

Persons: Ursula von der Leyen, Antonio Costa, Kaja Kallas, Charles Michel, Giorgia Meloni, von der Leyen, Costa, Meloni, Viktor Orban, Von der, Von der Leyen, there's, Kallas Organizations: Union, European Commission, Estonian, European, Italian, Kallas, EU, Kyiv, U.S Locations: Germany, Brussels, Portuguese, Hungarian, Europe, Ukraine, Russia

☆ Fact checking the CNN presidential debate
▼ + stars: | 2024-06-27 | by ( Cnn Staff | ) edition.cnn.com time to read: +69 min

CNN —President Joe Biden and former President Donald Trump faced off during CNN’s presidential debate in Atlanta Thursday night. From CNN’s Daniel DaleFormer President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. From CNN’s Daniel Dale and Ella NilsenFormer President Donald Trump, left, and President Joe Biden take part in the CNN presidential debate on Thursday, June 27. From CNN’s Alicia WallaceFormer President Donald Trump and President Joe Biden debate at CNN's Atlanta studios on June 27, 2024. Kpler found that China imported about 511,000 barrels per day of Iranian crude in December 2020, Trump’s last full month in office.

Persons: Joe Biden, Donald Trump, Biden, Trump “, “, ” Trump, ”, Trump, ” John Kelly, servicemembers, Kelly, Jim Sciutto, Daniel Dale, Kaanita Iyer, Roe, Wade, That’s, Wade ”, Kimberly Mutcherson, “ Donald Trump’s, Maya Manian, Trump’s, Mary Ziegler, Davis, Ziegler, Ruth Bader Ginsburg, Roe should’ve, ’, Will Lanzoni, ” Biden, corpsman —, Hamid Karzai, CNN’s Haley Britzky, didn’t, Priscilla Alvarez, George Floyd, Tim Walz, Walz, Paul –, CNN’s Holmes Lybrand, Daniel Dale FACT, European Union won’t, Ella Nilsen, Jill Biden, Jake Tapper, Dana Bash, Adam Rose, CNN US Sen, Marco Rubio, CNN Trump, Austin Steele, CNN Biden, Tristen Rouse, CNN Tapper, Robert F, Kennedy Jr, Kennedy, CNN MJ Lee, Mandel Ngan, Megan Varner, Reuters Kennedy, Burk Stringfellow, Iran “, Mike Pompeo, ” Pompeo, Tami Luhby Trump, CNN’s KFILE, weren’t, Hillary Clinton, affirmatively, it’s, what’s, –, Alicia Wallace, Obama, CNN’s Ella Nilsen, you’re, Biden’s, Hunter Biden, Joe Biden’s, Viktor Shokin, Shokin, CNN’s Marshall Cohen, “ It’s, Rick Muskat, CNN.So, Morgan, Katie Lobosco, Alvin Bragg’s, Bragg, Jack Smith, Smith, General Merrick Garland, Garland, Matthew Colangelo, Colangelo, I’ve, there’s, Iran haven’t, ” Matt Smith, Ali Vaez, Kpler, Gary Engelhardt, Jason Richwine, ” Richwine, Tami Luhby, Confederate, Robert E, Lee, marchthat, “ I’m, Elle Reeve, Ralph Northam, Jen Christensen, ” Trump’s, Ronald Reagan’s, Barack Obama, George W, ‘, ’ ” Trump, CNN’s Jen Christensen, Pelosi, Nancy Pelosi, “ Nancy Pelosi, …, Alexandra Pelosi, Aaron Bennett, Cherry, Christopher Miller, Miller, Charis Kubrin, CNN’s Catherine Shoichet, ” Kubrin’s, Graham Ousey, College of William & Mary, Erwan, George Washington, Marshall Cohen, ” Howard Gleckman, Gleckman, Emmanuel Saez, Gabriel Zucman “, Howard Gleckman, ” Gleckman Organizations: CNN, Trump, Homeland Security, SSRS, Marquette Law School, NBC, Gallup, ” Rutgers Law, American University, university’s Health, University of California, Atlanta, US Navy, Border Patrol, Border Patrol Council, National Guard, Minneapolis Former, Minnesota Democratic Gov, Minnesota National Guard, Guard, EU, European Union, US, European Automobile Manufacturers ’ Association, CNN US, Biden, House, CNN Biden's, CNN Biden, White House, Getty, Reuters, State, Medicare, Black, of Labor Statistics, Republican, Burisma Holdings, International Monetary Fund, Republicans, House Republicans, US International Trade Commission, US Customs, Deer Stags, Peterson Institute for International Economics, Justice Department, DOJ, DC, federal, Department, Democrat, Americas, Crisis, Social Security, Social, General Internal Medicine, “, Syracuse University, Center for Immigration Studies, Electoral, White, Nazi, US Centers for Disease Control, Former Virginia Gov, United, China Former, China, Hamas, ISIS, Trump’s, Democratic, Congressional, Capitol, Colorado Supreme Court, US Food, Guttmacher Institute, California Democrat, Capitol Police Board, Senate, District of Columbia National Guard, College of William &, NATO, Atlantic Treaty Organization, George Washington University’s Elliott School of International Affairs, Transatlantic, Urban, Brookings Tax, Urban Institute, ”, Tax, Center Locations: Atlanta, France, Afghanistan, Kabul, Jordan, Iran, Somalia, Yemen, Yakushima Island, Japan, Minneapolis, Portland, Minnesota , Minneapolis, St, EU, Georgia, CNN's, Washington ,, AFP, Lebanon, Israel, what’s, Paris, China, India, Russia, United States, Ukrainian, Ukraine, lockstep, American, Manhattan, New York , Georgia, Florida, Washington, New York, York’s, Mexico, Kpler, Malaysia, Charlottesville, Charlottesville , Virginia, White, Virginia, Northam, East, “, New York City, Saudi, al Qaeda, Texas, Colorado, California, Trump, Irvine, Germany, Berkeley

☆ Tuscany will pay people up to $32,000 to move to its underpopulated mountain towns: Here's what to know
▼ + stars: | 2024-06-27 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

If you've ever dreamed of living under the Tuscan sun, you might be able to make it a reality. These grants will cover up to 50% of the costs associated with buying and fixing up a home in a town with less than 5,000 residents. Applicants must be either Italian citizens, EU citizens, or non-EU citizens holding a long-term residency lasting no less than 10 years. They will also need to commit to registering as residents in an Italian town and can't currently be residents in another mountain town. The application closes on July 27 at 1 p.m. local Tuscan time.

Persons: you've Organizations: EU Locations: Italian, Tuscany, Italy

☆ 4 NATO countries are calling for a defense line along Europe's 700-mile border with Russia and Belarus
▼ + stars: | 2024-06-27 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +1 min

The Baltic states and Poland have called for a defense line along Europe's border with Russia, per Reuters. They said it would protect the EU from Russia's "military" and "hybrid" threats. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNATO member states Latvia, Lithuania, Estonia, and Poland have urged the EU to build defensive infrastructure along its 700-mile-long border with Russia and Belarus, according to Reuters. The leaders of the four countries, which all share a land border with either Russia or Belarus, called for "extraordinary" measures to protect them and their allies.

Persons: — Organizations: Reuters, NATO, Service, EU, Business Locations: Baltic, Poland, Russia, Russia's, Latvia, Lithuania, Estonia, Belarus

☆ Inside Europe's tech hubs: France's AI push puts it on the rise
▼ + stars: | 2024-06-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +31 min

Brimming with entrepreneurs and around 1,000 startup companies, it embodies France's exciting tech industry. So if you could rank Europe's tech hubs, what would be your top three? But I'm really excited about Lisbon actually, I know the Mayor of Lisbon pretty well, have been hearing really positive things. I mean things like that could just be completely deprioritized, which is essentially what has been helping us move things forward in France. Under Macron what have been for you the big positives that have come out of his presidency and tech push more broadly.

Persons: Tom Chitty, Roxanne Varza, Bruno Le Maire, Tom Chitty The, you'll, Arjun, I've, Roxanne, Macron, we'd, we've, Tom Chitty Let's, Xavier Niel, he's, Roxanne Varza That's, we're, I'm, Roxanne Varza Paris, Tom Chitty Arjun, Arjun Kharpal, What's, There's, you've, haven't, They're, Roxanne Varza Big, Tom Chitty U.S, Arjun Kharpal It's, who's, that's, there's, they've, we'll, Tom, Tom Chitty We'll Organizations: Meta, Google, CNBC, Uber, Accel, Dealroom, Mistral, Viva Tech, Sequoia Capital, Big Tech, Microsoft, French Finance, London Stock Exchange, London . Locations: Paris, France, French, Europe, beyondthevalley@cnbc.com, London, Berlin, U.S, Silicon Valley, Palo Alto, Bay, Amsterdam, Lisbon, Old, Shoreditch, London . Tel Aviv

☆ European markets head for negative open as inflation worries persist
▼ + stars: | 2024-06-27 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

A photo shows the bell during a bell ceremony of the Euronext Brussels Stock Exchange in Brussels on March 18, 2024. LONDON — European stocks are expected to open in negative territory Thursday as global inflation worries continue to rattle markets. Global market attention is shifting toward fresh U.S. inflation data on Friday, with May's personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge, due to be released. Data releases in Europe Thursday include Italy's latest consumer and business confidence numbers, and Spanish retail sales. An EU leader' summit begins in Brussels on Thursday and the Bank of England publishes its latest Financial Stability Report.

Persons: Germany's DAX Organizations: Euronext Brussels Stock Exchange, LONDON, CAC, IG, Global, U.S, U.S . Federal, U.S ., Bank of England Locations: Brussels, U.S ., Asia, Pacific, Europe, EU

☆ This Swedish town is selling land for the price of a cup of coffee
▼ + stars: | 2024-06-27 | by ( Julia Buckley | ) edition.cnn.com time to read: +5 min

CNN —You’ve heard of houses on sale in southern Europe for the price of a cup of coffee. It’s located on the shores of Lake Vänern, not only Sweden’s largest lake but also the biggest in Scandinavia and the entire EU, at around 10 times the size of Lake Constance. It’s also home to two UNESCO-rated sites: the Platåbergens Geopark and Lake Vänern Archipelago and Mount Kinnekulle Biosphere. Cheap houses on the horizonHällekis, on Lake Vänern, is a village of just 800 inhabitants near the main town. Götene kommunThe Götene fire sale doesn’t end with these 30 plots.

Persons: CNN — You’ve, It’s, Götene, Johan Månsson, ”, ” We’re, ” Månsson, it’s, Månsson, we’ve, We’re, it’s ”, we’d, “, “ We’ve, ” There’s Organizations: CNN, UNESCO, UNESCO geopark, Visa Locations: Europe, Stockholm, Sweden, Lake Vänern, Scandinavia, EU, Lake Constance, Russia, Vänern Archipelago, Kinnekulle, Archipelago, ”, Götene, Italy

☆ Troops and armored vehicles disperse as Bolivia arrests army chief leading coup attempt
▼ + stars: | 2024-06-27 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +5 min

"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

European Commission President and EPP lead candidate standing for re-election, Ursula von der Leyen greets delegates before giving a speech at the congress of Germany's conservative Christian Democratic Union (CDU) party at the Estrel Berlin Hotel in Berlin, on May 8, 2024. The European Union's three main political groups have come to an agreement on who will hold the bloc's top jobs, three officials told CNBC, leading to disgruntlement from some lawmakers in the continent. European Commission President Ursula von der Leyen is set to remain in her post for a second five-year term under a deal struck Tuesday by EU leaders from the center-right European People's Party (EPP), the Socialists and the Liberals, the sources told CNBC. The commission president is in charge of the EU executive arm and holds responsibility over regulating the world's single market, proposing new legislation, and directing the bloc's policy agenda over the next five years. "There's an understanding between the three main parties," one of the three EU officials told CNBC.

Persons: Ursula von der Leyen, Kaja Kallas, Antonio Costa Organizations: EPP, Christian Democratic Union, CDU, CNBC, European, EU, European People's Party, Socialists, Liberals, Estonian, European Council Locations: Berlin, Portuguese

☆ The world’s future energy wars will be fought under the sea
▼ + stars: | 2024-06-26 | by ( Angela Dewan | ) edition.cnn.com time to read: +12 min

The technology to store renewable energy for long periods hasn’t quite been mastered, either. The interconnector would send renewable energy both east and west, taking advantage of the sun’s diurnal journey across the sky. The transatlantic interconnector is still a proposal, but networks of green energy cables are starting to sprawl across the world’s sea beds. They are fast becoming part of a global climate solution, transmitting large amounts of renewable energy to countries struggling to make the green transition alone. Not all of them carry renewable power exclusively — that’s sometimes determined by what makes up each country’s energy grid — but new ones are typically being built for a green energy future.

Persons: there’s, ”, Simon Ludlam, “ We’ve, we’ve, Fadel Senna, Paul Ellis, Biden, Laurent Segalen, Energy’s Ludlam, “, you’ve, you’re, Trump, Dmitry Peskov, George Dyson, Dyson, Morten Kruger, Frank Schneider, Alberto Rizzi, ” Rizzi Organizations: London CNN, Etchea Energy, Getty, Burbo, Sun Cable, Initiative, NATO, European Council, Foreign Relations, United, European Union Locations: New York, California, Britain, Europe, North America, Canada, France, East Coast, United States, Paris, Belgium, Norway, Netherlands, Denmark, Morocco, Moroccan, Ouarzazate, AFP, English, New Brighton, Australia, Singapore, India, Saudi Arabia, Asia, East, Beijing, London, Russia, China, Germany, Ukraine, Finland, Sweden, Baltic, Western Europe, North, Russian, Aqaba, Jordan, Taba, Egypt, Red, America, EU

☆ CNBC Daily Open: Nvidia rallies after sell-off, lifts S&P 500 and Nasdaq
▼ + stars: | 2024-06-26 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nvidia sparks rallyThe S&P 500 and the Nasdaq Composite snapped a three-day slide as Nvidia rebounded from a sell-off. Trump inflation warningSixteen Nobel Prize-winning economists signed a joint letter Tuesday warning of what they see as economic risks if former President Donald Trump were to serve a second term, including 'reignite' inflation. "There is rightly a worry that Donald Trump will reignite this inflation, with his fiscally irresponsible budgets," they said.

Persons: Goldman Sachs, Rivian, Donald Trump, Joe, Donald Trump's, Michelle Bowman Organizations: New York Stock Exchange, CNBC, Nvidia, Nasdaq, Dow Jones, Boeing, Home, Treasury, Volkswagen, VW, Ford, Detroit automaker, Trump, Federal, European, Microsoft, Salesforce, Dow Locations: New York City, EU

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