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☆ Optimism for Asian market performance despite challenges, economist says
▼ + stars: | 2024-12-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOptimism for Asian market performance despite challenges, economist saysDavid Mann, Chief Economist for Asia Pacific at Mastercard, discusses opportunities in the region amidst tariff pressures imposed by the Trump Administration.

Persons: David Mann Organizations: Asia Pacific, Mastercard, Trump Administration

☆ China's missile force has Guam in its sights. The US military just took a big, first-of-its-kind step toward strengthening its defenses.
▼ + stars: | 2024-12-11 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The US shot down a ballistic missile for the first time from Guam in a major test this week. AdvertisementThe US Missile Defense Agency said on Tuesday that during the FEM-02 test, it "successfully conducted a live intercept of a ballistic missile target." The SM-3, which costs nearly $30 million, then struck an air-dropped medium-range ballistic missile target off the coast from Guam's Andersen Air Force Base. Related VideoThe Aegis Guam System, made by defense contractor Lockheed Martin, consists of an integrated AN/TPY-6 and vertical launch system based on the Mark 41 shipborne missile system. China's People's Liberation Army Rocket Force boasts thousands of missiles, including the DF-26, a solid-fueled intermediate-range ballistic missile.

Persons: Lockheed Martin, Lockheed, Greg Huffman, it's Organizations: Pentagon, Missile Defense Agency, RIM, RTX, Mitsubishi Heavy Industries, Aegis Guam, Guam's Andersen Air Force Base, Department of Defense, Aegis, AGS, Task Force, MDA, Guam Defense, DoD, China, Andersen Air Force Base, . Missile Defense Agency, Army Rocket Force, DF, United Locations: Guam, China, Guam's, Middle East, Aegis Guam, Micronesia, Beijing

☆ Auto giants endured a torrid time of it this year — and few expect 2025 to be much better
▼ + stars: | 2024-12-11 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Jens Schlueter | Afp | Getty ImagesA perfect storm of challenges for the European automobile industry shows no sign of letting up, analysts say. It is against this backdrop, analysts say, that the industry will be bracing for a bumpy ride next year. What next for Europe's car giants? We expect more noise of potential policy implications in the US, further restructuring announcements in Europe, muted demand ex China and pricing to soften," they added. It was hoped at the time that the new models could represent a turning point for the region's auto industry.

Persons: Jens Schlueter, Julia Poliscanova, Poliscanova, Environment's Poliscanova, France's, I'm, Rico, Rico Luman, Luman Organizations: Volkswagen, VW, Works, Afp, Getty, Transport, Environment, CNBC, European Automobile Manufacturers ' Association, BMW, Ferrari, Renault, Volvo, EU, European, Mercedes, Stellantis, France's Renault, ING Milan, Deutsche Bank, Rico, ING, Europe's, Paris Locations: Zwickau, Germany, China, Europe, Rico Luman, Munich, U.S, Shenyang, China's, Liaoning

☆ Hannah Kobayashi ‘has been found safe,’ family reports after police declared her a voluntary missing person
▼ + stars: | 2024-12-11 | by ( Emma Tucker | Celina | ) edition.cnn.com time to read: +3 min

CNN —Hannah Kobayashi “has been found safe,” her family said Wednesday, more than a week after police declared her voluntarily missing amid fears she may have been abducted. Video Ad Feedback A timeline of Hannah Kobayashi's last-known locations 03:14 - Source: CNNMore than three weeks after she left Maui, Los Angeles police declared her as a voluntary missing person on December 2. She is also not a suspect in any criminal activity,” Los Angeles Police Chief Jim McDonnell said in a news conference. Wally Skalij/Los Angeles Times/Getty Images/FileCNN has reached out to the Los Angeles Police Department for comment. Before leaving Maui, investigators found Hannah Kobayashi had expressed a desire to disconnect from modern technology, police said.

Persons: Hannah Kobayashi “, “, Hannah, Brandi Yee, Sara Azari, Hannah Kobayashi, Hannah Kobayashi's, Kobayashi, Jim McDonnell, Wally Skalij, Ryan Kobayashi, Hannah Kobayashi’s, Larie Pidgeon Organizations: CNN, Los Angeles International, LAX, LA Metro, Union Station, Customs, Los Angeles Police, ” Volunteers, Crypto.com, Downtown, Los Angeles Times, Los Angeles Police Department Locations: Maui, New York, Los Angeles, Mexico, Los, San, Downtown Los Angeles, Hawaii

☆ Malibu fire prompts evacuations and a shelter-in-place protocol for Pepperdine students
▼ + stars: | 2024-12-10 | by ( Marlene Lenthang | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Denise-Chow-Byline-Jm.Jpg | ) www.nbcnews.com time to read: +4 min

A wildfire in Malibu, California, exploded to more than 2,000 acres overnight, prompting evacuations and shelter-in-place protocols at Pepperdine University. ET Tuesday) in the Malibu Canyon area, according to the Los Angeles County Fire Department. Operations on the Malibu campus were suspended Tuesday, with classes and finals canceled. Those outages impact more than 10,000 customers in Los Angeles County, nearly 9,000 in San Bernardino County, and more than 2,000 in Kern County. Los Angeles Mayor Karen Bass said her office is monitoring the fire.

Persons: Franklin, Mario Tama, Gavin Newsom’s, Federal Emergency Management Agency “, San Luis Obispo, Los Angeles Mayor Karen Bass Organizations: Pepperdine University, The Franklin Fire, Angeles County Fire Department, Franklin Fire, Recreation, Federal Emergency Management Agency, National Weather Service, Santa, Ventura, Pepperdine, Getty, Southern, Southern California Edison, Los Angeles Mayor Locations: Malibu , California, Malibu, Angeles, Southern California, Santa, Sweetwater, Malibu , Calif, Piuma, Serra, California, San Luis, San Diego, Los Angeles, Ventura Counties, San Gabriel, Santa Susana, San Gabriel Mountains, Santa Clarita Valley, Calabasas, Ventura County, San Fernando Valley, Los Angeles County, San Bernardino County, Kern County

President-elect Donald Trump mocked Prime Minister Justin Trudeau overnight as the "governor" of the "Great State of Canada" after recently warning of potential tariffs on the country. "It was a pleasure to have dinner the other night with Governor Justin Trudeau of the Great State of Canada," Trump wrote in a post on his Truth Social account just after midnight Tuesday. "We’re subsidizing Canada to the tune over $100 billion a year. "Trump has suggested that Canada become the 51st state in our union," he wrote in a post on X. "Does that mean that we can adopt the Canadian health care system and guarantee health care to all, lower the cost of prescription drugs, and spend 50% less per capita on health care?"

Persons: Donald Trump, Justin Trudeau, Trump, Trudeau, Kristen Welker, Doug Ford, Trump's, Ford, ”, Sen, Bernie Sanders Organizations: Trade, Trump, Mar, Fox News, ., Associated Press, Ontario, U.S Locations: Canada, Great State, Mexico, Lago, West Palm Beach , Florida, America

WASHINGTON — The Supreme Court on Tuesday will weigh the fate of an 88-mile railroad project that would transport crude oil in Utah as the justices consider a dispute over whether federal officials conducted a stringent enough environmental review before approving it. It is opposed by Eagle County, Colorado, which claims that it will suffer from downstream effects of the railroad, as well as environmental groups. The federal entity overseeing approval of the project, the Surface Transportation Board (STB), conducted an environmental review and subsequently gave it the green light to commence. The Biden administration has backed the coalition at the Supreme Court in arguing that the STB's review was sufficient. Lawyers for Eagle County said in court papers that the appeals court correctly concluded that the STB had not done a full analysis.

Persons: WASHINGTON —, Joe Biden, Biden, Elizabeth Prelogar, Neil Gorsuch, Philip Anschutz . Organizations: Seven County Infrastructure Coalition, Surface Transportation Board, ., Appeals, District of Columbia Circuit, Environmental, Eagle, STB, DHIP Group, Rio Grande Pacific Corp, Liberal, Anschutz Exploration Corp Locations: Utah, Uinta, Eagle County , Colorado, Louisiana, Texas, Eagle County, Colorado, Rio

CNN —Cincinnati Bengals quarterback Joe Burrow said Wednesday he felt “violated” after his Ohio house was broken into while playing the Dallas Cowboys in Texas on Monday night. According to the Hamilton County Sheriff’s Office incident report, the break-in happened at Burrow’s residence in Anderson Township, Ohio. The police report states Olivia Ponton arrived at Burrow’s house to find a shattered bedroom window and a room ransacked. A 911 call came in from Ponton’s mother, saying her daughter was at Burrow’s house. WLWT also reports, citing radio traffic, that there was an officer on detail at Burrow’s house that night.

Persons: Joe Burrow, “, ” Burrow, I’m, WLWT, Olivia Ponton, Burrow, …, ”, Ponton, NHL –, Roger Goodell, they’re, Patrick Mahomes, Travis Kelce Organizations: CNN, Cincinnati Bengals, Dallas Cowboys, NFL, NBA, NHL, FBI, Chiefs, New Orleans Saints, Cowboys Locations: Ohio, Texas, Hamilton, Anderson Township , Ohio, Ponton’s, Ponton, Irving , Texas, The Kansas City

Taiwan on Monday said multiple formations of Chinese naval and coast guard vessels were moving in regional waters and around the Taiwan Strait. Beijing has not announced military drills or acknowledged the large-scale deployment cited by Taipei. Its naval forces, specifically, have significantly raised its posture around Taiwan and the Western Pacific,” Hsieh said. The maritime deployment was the largest since China began holding large-scale war games around Taiwan in the mid-1990s, according to the ministry. Visit to USThe Chinese military movement comes days after Lai made unofficial stops in Hawaii and Guam during a weeklong South Pacific tour, which wrapped Friday.

Persons: Lai Ching, Gen, Hsieh Jih, Sheng, Hsieh, ” Hsieh, Lai, Lai’s, ”, Beijing’s, Mao Ning Organizations: Hong Kong CNN, China, Taiwan’s Defense, Communist Party, General Staff for Intelligence, Taiwan Defense Ministry, People’s Liberation Army, PLA, CNN, China’s Defense Ministry, “, Taiwan, Foreign Ministry Locations: Taipei, Hong Kong, Taiwan Strait, Western Pacific, Taiwan, Hawaii, Guam, Beijing, Washington, ”, Japan, Philippines, Indonesia, Pacific, Zhejiang, Fujian, United States, China

☆ China's November imports post surprise drop; sharpest decline in 14 months
▼ + stars: | 2024-12-10 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

Analysts had expected imports to grow 0.3%. Exports rose 6.7% in U.S. dollar terms from a year ago, sharply lower than the 12.7% growth in the previous month. Analysts in a Reuters poll had expected exports to climb 8.5% from a year ago in November. The country's rare earths imports declined over 20% from the year before to 11,327 tons. The country announced a new policy in July to step up its oversight of the domestic rare earths industry over national security concerns.

Persons: Huang Organizations: Qingdao Port, Capital Economics, Union and Association of Southeast, Nations, ASEAN, European Union Locations: Qingdao, China, Russia

☆ Global airline revenue to top $1 trillion for the first time in history
▼ + stars: | 2024-12-10 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —The global airline industry will likely rake in more than $1 trillion in revenue next year, as passenger numbers look set to hit an all-time high of 5 billion, the International Air Transport Association said Tuesday. IATA also predicted that airlines’ average profit per passenger would increase to around $7 next year, up sharply from just $2.25 18 months ago. IATA expects airlines in Africa, Latin America and the Asia-Pacific region to be less profitable than the industry average. Global conflicts are also driving costs higher because of the big stretches of airspace closed to commercial flights, Walsh said. The group, which acquired Hawaiian’s parent company in September, is targeting $1 billion in additional profit from the combined entity in 2027.

Persons: Willie Walsh, ”, Walsh, Biden, Trump, ” Walsh Organizations: London CNN, International Air Transport Association, Airbus, Boeing, Scientists, Aviation, Alaska Air Group, Alaska Airlines, Hawaiian Airlines Locations: Africa, Latin America, Asia, Pacific, United States, Seattle, Tokyo, Seoul

☆ Boeing only now resuming production a month after strike that idled two key plants
▼ + stars: | 2024-12-10 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —More than 33,000 Boeing employees ended their strike a month ago. But planes have only just recently started moving along the assembly lines that were idled by the two-month work stoppage. The FAA then placed limits on how many of the Max jets Boeing could build. Two of those jets were 787 Dreamliners built at its non-union plant in South Carolina that never went on strike. For November, coming out of the strike, it booked 49 gross orders, although that was reduced by 14 cancellations.

Persons: Michael Whitaker, weren’t, That’s Organizations: New, New York CNN, Boeing, Federal Aviation Administration, NBC, Alaska Airlines, FAA, Max, National Transportation Safety Board Locations: New York, Washington, Alaska, South Carolina

☆ US wildlife officials move to add iconic monarch butterfly to threatened species list
▼ + stars: | 2024-12-10 | by ( Rachel Ramirez | ) edition.cnn.com time to read: +4 min

CNN —Every winter, millions of monarch butterflies journey thousands of miles across North America to spend winters in the forests and mountains of central Mexico. The US Fish and Wildlife Service proposed listing the monarch butterfly as threatened with extinction under the Endangered Species Act. The butterfly’s eastern migratory population is estimated to have declined by roughly 80%, while the western migratory population plunged by more than 95% since the 1980s, according to US wildlife officials. Eduardo Rendón-Salinas, the lead of the monarch butterfly program for WWF-Mexico, previously told CNN that the climate crisis is a major contributing factor to the decline. Rendón-Salinas said what’s happening to monarch butterflies is representative of what pollinator species such as bees, birds and other butterflies face globally.

Persons: Eduardo Rendón, milkweed, Salinas, ”, Donald Trump —, Clay Bolt, ” Martha Williams, ” Williams Organizations: CNN, and Wildlife Service, International Union for Conservation, Nature, World Wildlife Fund, WWF, Wildlife, “ Locations: North America, Mexico, Salinas, California

☆ 'White gold' seen as pivotal to Europe's massive trade deal with South America
▼ + stars: | 2024-12-10 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

The strategic importance of lithium is likely to have played a major role in the European Union's blockbuster deal with Brazil, Argentina and three other South American countries, analysts say. After 25 years of talks, the EU and five Mercosur countries (an alliance which includes Paraguay, Uruguay and, newly, Bolivia) reached a highly anticipated trade agreement on Dec. 6. The European Commission, the EU's executive arm, said the trade deal is designed to increase bilateral trade and investment, lower tariff and non-tariff trade barriers, create more stable rules and promote joint values, such as sustainable development. France and Poland are among those to have expressed opposition to the deal, warning it could create unfair competition for European agriculture. Analysts at Dutch bank ING said the significance of critical raw materials like lithium seemed to be "making less headlines" in the coverage of the free trade agreement, despite the metal's importance to Europe's economic future.

Organizations: SQM, Sociedad, Minera, Mercosur, EU, European Commission, ING Locations: Chilean, Atacama, Calama, Chile, Brazil, Argentina, Paraguay, Uruguay, Bolivia, France, Poland, China

☆ Federal judge blocks Kroger’s $25 billion mega-merger with Albertsons
▼ + stars: | 2024-12-10 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN —A federal judge in Oregon blocked Kroger’s proposed $25 billion tie-up with Albertsons, ruling that the largest merger in US supermarket history would limit competition and harm consumers. Small grocery stores strugglingIndependent grocery stores strongly opposed the merger. Yet consolidation in the grocery sector is growing, and small grocery stores are struggling. Traditional grocery stores have also lost ground to Walmart, Costco, dollar stores and online retailers during that span. “Persistently high food prices are hitting Americans hard, and a Kroger-Albertsons mega-merger would have only made it worse,” Food & Water Watch senior food policy analyst Rebecca Wolf said in a statement Tuesday

Persons: Kroger’s, Harris Teeter, Fred Meyer, Kroger, Rodney McMullen, Adrienne Nelson, Democratic Sen, Elizabeth Warren of, Republican Sen, Mike Lee of, ”, Judge Nelson, “, Lina Khan, Judge Nelson’s, Rebecca Wolf Organizations: New, New York CNN, Albertsons, Safeway, Vons, Supermarkets, Kroger, Walmart, Amazon, Costco, Unions, Democrats, Republicans, Capitol, Democratic, Republican, Federal Trade Commission, FTC, S Wholesale Grocers, Google, Agriculture Department, Water Watch Locations: New York, Oregon, Aldi, Elizabeth Warren of Massachusetts, Mike Lee of Utah

The pan-European Stoxx 600 was in negative territory, but erased some of its earlier losses to trade 0.2% lower by 12:55 p.m. London time. European markets traded lower on Tuesday, retreating from yesterday's mostly positive trading session as investors geared up for the latest U.S. inflation report this week. Traders are also looking ahead to U.S. inflation data due Wednesday. Economists polled by Dow Jones forecast that headline inflation rose 0.3% in November and 2.7% over the prior 12 months. Overnight in the Asia-Pacific region, China stocks were mixed on Tuesday amid broader gains among other regional markets.

Persons: Dow Jones Organizations: Investors, Traders, Federal, Dow Locations: London, Asia, Pacific, China

☆ I've flown on the Airbus jet Alaska will fly to Tokyo. It was a comfortable ride and I'm excited about the airline's new long-haul flights.
▼ + stars: | 2024-12-10 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

Alaska Airlines' merger with Hawaiian Airlines gives it access to long-haul Airbus and Boeing planes. Fresh off a $1.9 merger with Hawaiian Airlines, Alaska Airlines has big plans for using its new widebody planes with new routes to Asia. The author's economy seats on Hawaiian Airlines' A330 in November 2023. Taylor Rains/Business InsiderThe expansion will also put pressure on competing Delta Air Lines, which already flies nonstop from Seattle to both cities. Japan Airlines' new free flight program may have helped, which comps domestic legs for many tourists who also book a roundtrip international flight to Japan on the same booking.

Persons: Andrew Harrison, Guy, Taylor Rains, Harrison Organizations: Alaska Airlines, Hawaiian Airlines, Airbus, Boeing, Seattle, United Airlines, American Airlines, Delta Air Lines, Alaska —, Mastercard Economics, Travelers, CNBC, Japan Airlines Locations: Seattle, Asia, Tokyo, Seoul, Alaska, Honolulu, San Francisco, Los Angeles, New York, Japan, Alaska's Asia, Canada, Sapporo, Okinawa, Osaka

☆ Kroger's $25 billion acquisition of Albertsons was blocked, marking a win for the FTC
▼ + stars: | 2024-12-10 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

Kroger's proposed $24.6 billion acquisition of Albertsons was blocked by a federal judge. The acquisition would be the largest supermarket merger in US history. Kroger's $24.6 billion proposed acquisition of Albertsons was blocked by a federal judge on Tuesday, marking a win for the Federal Trade Commission that could ultimately sink the deal. The acquisition would be the largest supermarket merger in US history. They also said the deal would lead to lower prices for some consumers, citing higher prices at Albertsons stores compared to Kroger.

Persons: Kroger's, Adrienne Nelson, Kroger, Matthew Wolf, Lina Khan Organizations: Albertsons, FTC, Federal Trade Commission, Business, Lawyers, Kroger, Walmart, Costco Locations: Oregon

☆ China's CSI300 rises amid broader gains in Asia markets as Beijing's stimulus pledge boosts sentiment
▼ + stars: | 2024-12-10 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

China stocks were mixed Tuesday amid broader gains in Asia-Pacific markets, following losses on Wall Street that saw the S&P 500 and Nasdaq Composite pull back from record highs ahead of key inflation data. Sentiment was boosted by Beijing's announcement of "more proactive" fiscal measures and "moderately" looser monetary policy next year as part of efforts to boost domestic consumption. Mainland China's CSI 300 index rose 0.74%, paring earlier gains and closing at 3,995.64, while Hong Kong's Hang Seng index was down 0.2% as of its final hour. News of the measures, which came from an official readout late Monday after mainland China market had closed, had sent the Hang Seng index nearly 3% higher that evening. South Korea's benchmark Kospi gained 2.43% and led gains in the region, closing at 2,417.84 and marking its best day in almost three months.

Persons: Hong, Yonhap, Lee Jae Myung, Australia's Organizations: Nasdaq, China's CSI, Reserve Bank of Australia Locations: Lujiazui, Shanghai, China, Asia, Pacific, Korean

☆ 12-year-old boy dead after falling through ice in Albany, New York. 11-year-old girl in critical condition after trying to save him.
▼ + stars: | 2024-12-10 | by ( Dawn Sawyer | ) edition.cnn.com time to read: +5 min

CNN —An 11-year-old girl was left fighting for her life and a 12-year-old boy died after falling into the ice of Washington Park Lake in Albany, New York, on Saturday. The boy was found dead at the scene, and the girl is in critical condition after falling in while trying to save him. She was listed in critical condition as of Sunday, according to a statement from North Albany Middle School. There was also a specialized water unit with water rescue equipment dispatched to the scene, Albany Chief of Fire and Emergency Services Joseph Gregory told the Times Union. “This is a terrible tragedy, and we are grieving as a school community.”The Albany school district is providing crisis services for students and school employees needing support after the accident, according to the school district.

Persons: Joseph Gregory, ” Gregory, Kathy Sheehan, ” Sheehan, “, Joseph Hochreiter, ” Mayor Sheehan, WRGB, Gregory, ” Organizations: CNN, Albany Police Department, Times Union, Albany Medical Center Hospital, Albany Middle School, New York, Police, Emergency, Officers, Washington Park Conservancy, Team, ” City School District, North Albany Middle School, Albany Police, WRGB, Parks and Recreation Association, ” Locations: Washington, Lake, Albany , New York, Albany, ”

☆ Alaska Airlines plans new nonstop flights to Japan, Korea in $1 billion postmerger profit push
▼ + stars: | 2024-12-10 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Alaska Air Group expects to grow profits by $1 billion through 2027, and plans to ride the wave of high-end travel demand to get there. The airline will launch nonstop service between its home hub of Seattle-Tacoma International Airport and Tokyo's Narita International Airport in May on Hawaiian's Airbus A330-200s, and between Seattle and Seoul, South Korea's, Incheon International Airport in October, Alaska said Tuesday. By 2030, Alaska plans to serve at least a dozen international destinations from Seattle using wide-body planes, reshaping the carrier. The carrier said Tuesday that it authorized a $1 billion share buyback. It raised its fourth-quarter earnings estimates to 40 cents to 50 cents a share, up from a previous outlook for 20 cents to 40 cents.

Organizations: Alaska Air Group, Hawaiian Airlines, Boeing, Airbus, Seattle - Tacoma International Airport, Tokyo's, Airport, Incheon International Airport Locations: Alaska, Seattle, Seoul, South Korea's, Incheon, Tokyo

☆ Kylian Mbappé: What’s going wrong for French superstar at Real Madrid?
▼ + stars: | 2024-12-10 | by ( Matias Grez | ) edition.cnn.com time to read: +9 min

“I think Mbappé has been given a lot of backing from the team. Mbappé’s struggles are Real’s strugglesBut the French star’s struggles are not unique at Real Madrid this season. “Real Madrid are struggling to essentially link their midfield and their attack,” Barlow explains. Whenever Real Madrid were in trouble, they threw Joselu on. 9 figure.”However, there was one spell this season that will give Mbappé and Real Madrid fans the confidence that he can recapture his best form.

Persons: Mbappé, Germain, Caoimhin Kelleher, Justin Setterfield, Jude Bellingham, Ander Gillenea, ” Mbappé, “, Ruairidh Barlow, who’s, –, ” Barlow, Mbappé’s, Aurélien Tchouaméni, Real’s, Carlo Ancelotti, Mbappe, David Ramos, Ancelotti, tinker, Vinícius Jr, Barlow, it’s, Carlos Benavidez, Santiago Mourino, Denis Doyle, Olivier, Giroud, “ Vinícius, Adam Nurkiewicz, Lionel Messi, Neymar, Blancos, Vinícius, “ Mbappé, ” Organizations: CNN, AS Monaco, Paris Saint, Champions League, Athletic Club Bilbao, Getty, Liverpool, Athletic Bilbao, Athletic, Girona, La Liga, Football, CNN Sport, Real Madrid, Santiago, “, Deportivo Alavés, French national, Liga, – Real, Atalanta, PSG, Bernabéu Locations: Paris, France, Real Madrid, Mbappé, AFP, Madrid, Real’s, Bellingham, Tchouaméni, Merengues, “ Real Madrid, Warsaw, Poland, Real

☆ Argentina’s economy: What Milei’s chainsaw approach has delivered in a year
▼ + stars: | 2024-12-10 | by ( Hanna Ziady | Stefano Pozzebon | ) edition.cnn.com time to read: +9 min

London/Bogota/Buenos Aires CNN —Javier Milei swept to power in Argentina a year ago on a ticket to tackle chronic hyperinflation and overhaul the long-suffering economy. In one regard — slashing the size of the state — he has proven so successful that Donald Trump’s government efficiency tsars want to replicate his approach. Homeless people at the gates of the closed Retiro train station during a general strike on May 9, 2024, in Buenos Aires. But the adjustment has proved painful in a country where roughly every 10th person is employed in the public sector. But capital controls, which limit the flow of foreign currency into and out of the country, are giving investors pause.

Persons: Buenos Aires CNN — Javier Milei, Donald Trump’s, Natalia Burone, Lucas Aguayo, ”, Hans, Dieter Holtzmann, Friedrich Naumann, it’s, Milei —, Holtzmann, Milei “, Matteo Maffia, Milei, “, you’d, ” Maffia, I’m, Elon Musk, Vivek Ramaswamy, Donald Trump, Carlos Barria, Kimberley Sperrfechter, ” Milei, Luiz Inacio Lula da Silva, Luis Lacalle Pou, Ursula von der Leyen, Santiago Pena, Eitan Abramovich, European Union —, Flor Maffia, Diego Fenoglio, “ There’s Organizations: Buenos Aires CNN, International Monetary Fund, Investors, CNN, Monetary Fund, Friedrich, Freedom, Milei, “, of Government, America, KNG Securities, Capital Economics, South, Friedrich Naumann Foundation, Paraguay's, Mercosur, European Union, Bolivia — Locations: Bogota, Buenos Aires, Argentina, Latin America, Retiro, Brazil, Paraguay, Uruguay, German, United States, Palm Beach , Florida, Argentine, Spain, Montevideo, Bolivia, Europe

☆ The case for Donald Trump’s tariffs
▼ + stars: | 2024-12-10 | by ( Matt Egan | ) edition.cnn.com time to read: +9 min

Moore, who used to unabashedly favor free trade, said Trump convinced him that tariffs can be used as a negotiating tool. Trump’s recent threat to impose a 25% tariff on all imports from Canada got the immediate attention of Ottawa. It’s possible that Trump 2.0 uses tariffs, or at least the threat that he’ll impose tariffs, to get Mexico, Canada, China or other countries to address legitimate issues such as drug trafficking. Even Moore conceded that using tariffs to threaten BRICS nations is a “very, very flawed strategy” by Trump. During Trump’s first term, everything from US autos and soybeans to whiskey were targeted with retaliatory tariffs.

Persons: Donald Trump, Trump, ” Stephen Moore, Trump’s, Moore, ”, “, ” Karoline Leavitt, Vance, ‘, ’ Christine McDaniel, George W, Bush, George Mason University’s, McDaniel, Justin Trudeau, Trudeau, Stephen Moore, Samuel Corum, It’s, Erica York, York, ” York, There’s, Dean Baker, I’ll, Baker, Joe Biden, ’ Trump, ” Baker, Smoot, Hawley, ” Moore Organizations: New, New York CNN, United, CNN, Trump Economic, Trump, Washington, Canadian, Pacific Partnership, Heritage Foundation, Getty, Commerce Department, Tax Foundation, Economic, Policy Research, European Union Locations: New York, United States, Mexico, China, Canada, Ottawa, Mar, Japan, Tokyo, Beijing, United Kingdom, Rust, Brazil, Russia, India, South Africa

☆ Stellantis CEO Carlos Tavares lost control of the automaker with 'arrogant' mistakes, sources say
▼ + stars: | 2024-12-10 | by ( Michael Wayland | ) www.cnbc.com time to read: +14 min

In this article STLASTLA Follow your favorite stocks CREATE FREE ACCOUNTCarlos Tavares, Chief Executive Officer of Stellantis, attends the Paris Automotive Summit during the 2024 Paris Auto Show in Paris, France, October 15, 2024. It's the word former Stellantis CEO Carlos Tavares used in June to describe mistakes that led to the automaker's troubles in the U.S. Investors also had turned on the chief executive, with U.S.-traded shares of Stellantis off 43% in 2024 prior to his departure. Such issues ultimately led to Tavares' resignation, with the company saying Dec. 1 that he was leaving immediately because of "different views" with Stellantis' board. Until then, the company has established a new interim executive committee led by Chairman John Elkann, scion of Italian automaker Fiat.

Persons: Carlos Tavares, Benoit Tessier, It's, Tavares, Stellantis, Les Echos, Stellantis N.V, John Elkann, Jan, it's, Carlos Ghosn, Sergio Marchionne, Bernstein, Daniel Roeska, Magali Cohen, Tavares —, —, Doug Ostermann, Ostermann, Mack, Bill Pugliano, EVs, Tavares didn't, Tim Kuniskis, Christian Meunier, Jim Morrison, Chamarthi, Natalie Knight, Mark Stewart, Ned Curic, Mark Reuss, Rebecca Cook, Shawn Fain, Kevin Farrish, Antonio Filosa, Farrish, Massimo Pinca Organizations: Paris Automotive Summit, Reuters DETROIT, CNBC, Atlantic, U.S, General Motors, Ford Motor, PSA Groupe, Fiat Chrysler, Stellantis, Dodge, Fiat, Chrysler, Peugeot, The New York Stock Exchange, NYSE, Fiat Chrysler Automobiles N.V, Peugeot S.A, NYSE Tavares, Opel, Nissan, porte de, AFP, Getty, Jeep, Dodge Charger, United Auto Workers, UBS, UAW, Financial Times, Fiat Chrysler's, Swiss Army, Jeep North, America, Goodyear Tire, Co, Reuters, North, Fiat Panda Locations: Paris, France, U.S, Portuguese, North America, Stellantis, porte, porte de Versailles, Portugal, Europe, Detroit, Detroit , Michigan, Jeep North America, Auburn Hills , Michigan, Antonio, Turin, Italy

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