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☆ European markets set to open higher ahead of bumper week for central banks
▼ + stars: | 2024-09-16 | by ( Karen Gilchrist | ) www.cnbc.com time to read: 1 min

A view of the Navigli in Milan, Italy on May 20, 2024. LONDON — European stocks were set to open higher Monday as investors prepared for a bumper week of interest rate decisions from the U.S Federal Reserve and the Bank of England. The FTSE 100 was seen opening 4 points higher at 8,278, Germany's DAX up 27 points at 18,713, France's CAC 7 points higher at 7,468 and Italy's FTSE MIB up 30 points at 33,583, according to IG data. The pan-European Stoxx 600 closed higher on Friday and added 1.09% for the week as positive momentum returned to the market. With a U.S. rate cut now all but guaranteed, investors are waiting to see by how much the Fed will cut rates on Wednesday, and what guidance chair Jerome Powell will give on the future path for monetary policy.

Persons: Germany's DAX, Jerome Powell Organizations: LONDON, U.S Federal Reserve, Bank of England, CAC Locations: Milan, Italy

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why European tariffs on Chinese EVs may not workCritics say the European Union's provisional tariffs on Chinese EVs could raise prices, reduce choice and slow the pace with which the EU meets its climate change mitigation targets. Some European automakers, especially those from Germany, oppose them. They also might not be high enough to actually stop the tide of Chinese imports. Supporters say they are necessary to 'offset the harm' done by China's pattern of subsidizing its own industries and subsequently crushing global competition.

Organizations: EU Locations: Germany

☆ Floods in Romania kill at least four people as rain batters central Europe
▼ + stars: | 2024-09-14 | by ( ) www.nbcnews.com time to read: +4 min

VISNOVA, Czech Republic — At least four people died and thousands of homes were damaged by flooding in eastern Romania on Saturday, officials said, as surging river levels put authorities on alert in much of central and eastern Europe following days of torrential rain. Tens of thousands of households were left without power in Romania and the Czech Republic, where more rainfall is forecast in the coming days. Poland, Slovakia, Hungary, southern Germany and parts of Austria are also expected to see more heavy rain. Television images from the area showed streets flooded with muddy water, silt and debris as rescuers led residents to safety. Evacuations and blackoutsIn the Czech Republic, northern and northeastern areas bore the brunt of the deluge and 51,000 households had their electricity supply cut off, the CTK news agency said.

Persons: Marcel Ciolacu, ” Ciolacu, Petr Hladik, Roman Christof, ”, Charles, Tomasz Siemoniak, Donald Tusk, Chancellor Karl Nehammer, “, ” Nehammer Organizations: Czech Republic —, Prague Zoo, Czech Railways, ” Locations: Czech Republic, Romania, Europe, Poland, Slovakia, Hungary, Germany, Austria, Czech, Prague, Galati, Visnova, Brno, Bratislava, Lower Austria

☆ Just Stop Oil demanded climate action. Their protests have landed them in prison
▼ + stars: | 2024-09-14 | by ( Kara Fox | ) edition.cnn.com time to read: +16 min

Just Stop OilThe laws were purpose-built to target protest groups like Just Stop Oil. ExxonMobil told CNN that they do not currently fund Policy Exchange or American Friends of Policy Exchange, but did not answer questions about past funding. The UK’s lengthy jail terms stand out globally, but the creeping clampdown on disruptive climate protest is also happening elsewhere. Leon Neal/Getty ImagesThe Just Stop Oil case amplifies the near erasure of legal defenses available to protesters who take part in disruptive demonstrations. The same report compared Just Stop Oil to “terror groups” and recommended their actions be banned.

Persons: Cressie Gethin, “, — Louise Lancaster, Daniel Shaw, Lucia Whittaker, Abreu, Roger Hallam, —, ” —, ” Gethin, Michael Forst, “ ’, ’ ” Cressida Gethin, Jodie Beck, Toby Melville, Rishi Sunak, ” Sunak, Gethin, ”, ALEC, Exxon’s, Stephanie Keith, UN’s Forst, Leon Neal, ” Tim Crosland, — Lord Walney, John Woodcock —, Israel . Woodcock, Henry Nicholls, Beck, ” Beck, she’s Organizations: London CNN, Prosecutors, CNN, HMP, Airport, Big Oil, Conservative, International Energy Agency, Labour, London, Police, Amnesty International, Liberty, Stop, ExxonMobil, Exchange, Atlas Network, of Policy, London Metropolitan Police, Met Police, Global, US Civil Rights, Climate Rights International, International Center, Profit, Dakota Access Pipeline, American Legislative Exchange Council, Chevron, Energy, Center for Media, Democracy, Dakota, Pipeline, Oil, Palestine, British, Reuters Locations: North, London, HMP Bronzefield, London’s, —, US, Germany, France, Australia, Mandan , North Dakota, United Kingdom, Israel, England, Northern Ireland

CNN —At least seven people have died after some of the heaviest rain in years hit central and eastern Europe, causing flooding and widespread disruption. The heavy rainfall continued to pummel the region into Sunday. Rescuers have been working hard to rescue hundreds of people left stranded by heavy rainfall there. In neighboring Austria, heavy rainfall has caused water levels to rise in several rivers and rescue services have been called out to parts of the country. Red alerts, the highest level of warning, have been issued for portions of Poland, Germany, the Czech Republic, Austria and Slovakia.

Persons: Boris, Cătălin Predoiu, Predoiu, Manfred Fesl, Donald Tusk, Sergei Gapon, Gabriel Kuchta Organizations: CNN, Romanian Emergency, AP, AFP, Getty, Poland’s, Rescue Service Locations: Europe, Vienna, Bratislava, Prague, Klodzko county, Poland, Austria, Romania, Galati, Pechea, Braunau, Czech Republic, Klodzko, Klodzko County, Czech, Černou, Glucholazy, AFP, Mikulovice, Germany, Saxony, Lower Austria, Slovakia

☆ Germany opens its doors to 250,000 Kenyan workers in controlled migration deal
▼ + stars: | 2024-09-14 | by ( Sophie Tanno | ) edition.cnn.com time to read: +3 min

CNN —Germany has struck a controlled migration deal with Kenya, which will see Berlin open its doors to skilled and semi-skilled Kenyan workers. The deal was signed by German Chancellor Olaf Scholz and Kenya’s president William Ruto on Friday. Migration is a major flashpoint in Germany, and has fueled the rise of the far-right Alternative for Germany (AfD) party. As well as deterring irregular migration, the deal is intended to address labor market needs in both countries, providing opportunities for Kenyan workers while supplementing an ageing Gemany’s shortage of skilled laborers. According to the German government, there are currently around 14,800 Kenyan citizens living in Germany.

Persons: Olaf Scholz, William Ruto, Ruto, Nancy Faeser, ”, “ Organizations: CNN, German, Ministry, ISIS Locations: Germany, Kenya, Berlin, Solingen

CNN —At least eight people have died after some of the heaviest rain in years hit central and eastern Europe, causing flooding and widespread disruption. Rescuers have been working hard to rescue hundreds of people left stranded by heavy rainfall there. Garages and a house flooded in the town of Kłodzko, in Poland's southwest, Sunday, Sept. 15, 2024, after days of unusually heavy rain. Krzysztof Zatycki/APRising water along the Wien River during heavy rain on September 15, 2024, in Vienna, Austria. Many municipalities in Lower Austria have declared a state of emergency as heavy rainfall continued into Sunday.

Persons: Boris, Prudnicka, Cătălin Predoiu, Predoiu, Sofia Basalic, “, Gica Stan, Storm Boris, Krzysztof Zatycki, Christian Bruna, Donald Tusk, Tusk, Petr Pavel, Vlček, Miroslav Binar, Gabriel Kuchta, Tomas Benedikovic, Sergei Gapon, Ursula von der Leyen Organizations: CNN, Residents, AFP, Storm, Poland’s, ”, European Union, CNN Prima, Fire, Getty, European Commission Locations: Europe, Vienna, Bratislava, Prague, Poland, Germany, Czech Republic, Austria, Slovakia, Klodzko county, Moszczanka, Romania, Galati, Kłodzko, Poland's, Sunday, Wien, Klodzko, Klodzko County, Czech, ”, Krnov, Jesenik, AFP, Glucholazy, Benešově nad Černou, Saxony, Lower Austria

Rescue services have been launched in hard-hit counties as authorities warn that they have recorded the heaviest rainfall in 100 years over the past 24 hours. Sadly four people have been found dead in their houses or yards.”Rivers burst their banks in Poland and the Czech Republic. Firefighters fill sand bags in Glucholazy, southern Poland. Gabriel Kuchta/Getty ImagesThe swollen Biala River in Glucholazy, southern Poland. Red alerts, the highest level of warning, have been issued for portions of Poland, Germany, the Czech Republic, Austria and Slovakia.

Persons: Boris, Manfred Fesl, Cătălin Predoiu, Rivers, Tomasz Siemoniak, TVN24, Sergei Gapon, Gabriel Kuchta Organizations: CNN, Romanian Emergency, AP, AFP, Getty, Rescue Service Locations: Europe, Vienna, Bratislava, Prague, Romania, Pechea, Galati, Braunau, Austria, Poland, Czech Republic, Glucholazy, Czech, Černou, AFP, Mikulovice, Germany, Saxony, Slovakia

☆ Why the European Union's tariffs on Chinese automakers may not work
▼ + stars: | 2024-09-14 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +2 min

By the end of October, the European Union will make a final decision on what some analysts call the biggest EU trade case against China in more than a decade. But automakers and countries are divided over whether to place tariffs — so far of up to 36.3% — on Chinese electric vehicles. A German automotive trade association says they would hurt German automakers, which have a significant presence in China. China has been exporting cars to countries all around the globe, and both supporters of tariffs and trade and industry analysts point to China's support for its domestic manufacturers as a rationale for imposing tariffs. Chinese automakers can produce a car for about $5,500, said Felipe Muñoz, senior analyst for JATO Dynamics, while it costs European automakers closer to $20,000.

Persons: William Reinsch, Scholl, Felipe Muñoz, Muñoz, It's Organizations: European Union, China, Business, Center for Strategic, International Studies, JATO Dynamics Locations: European, China, Germany, Washington ,

☆ My husband and I are child-free. Sometimes, I worry we'll regret it.
▼ + stars: | 2024-09-14 | by ( Alix Campbell | ) www.businessinsider.com time to read: +5 min

Though my husband didn't want kids, he also never pushed me either way, which I'm grateful for. It mostly consists of other childless couples (or couples with grown-up children), surfers, business owners and freelancers, and expats from countries like Germany, Poland, France, Venezuela, and Spain. Related storiesI started questioning things after a couple we know had a babyRecently, though, our perfectly crafted child-free lifestyle has been turned upside down. Will we regret our decision to live on our own terms without the chaos and beauty of raising a child? I'm picturing my husband and me — all shriveled up and gray — sitting at an empty dinner table, just the two of us.

Persons: Lachlan, we'd, we've, Alix Campbell, Alix Campbell I'm, I'm, —, they'll Organizations: Service, Business, Netflix Locations: Nicaragua, Australia, Austria, Western Algarve, Portugal, Germany, Poland, France, Venezuela, Spain

☆ Can you can leave your estate to your pet?
▼ + stars: | 2024-09-14 | by ( Alexandra Peers | ) edition.cnn.com time to read: +5 min

CNN —Some people really do leave money to their pets. Estate attorneys told CNN they’re seeing more incidences of people making financial plans for their pets after they die. Twenty-nine states have enacted pet trust laws since 2008, and now every state, plus Washington, DC, has some form of guidelines, according to the American Society for the Prevention of Cruelty to Animals. However, if a person names a guardian for their pet, they can leave money and property to that person. dpa/picture alliance/Eventpress/SipaFlorida attorney Peggy Hoyt, author of “All My Children Wear Fur Coats,” told CNN she urges her clients to leave comprehensive instructions for pet caretakers.

Persons: Karl Lagerfeld, Chanel, ”, “, can’t, Leona Helmsley, Helen Neafsey, —, Leona Helmsley’s, it’s, Majel Barrett, Roddenberry, Gene Roddenberry, Karl Lagefeld, Choupette, Lagerfeld, Peggy Hoyt, Leslie Ann Mandel, Arthur Herzog III, Danielle Mania, ’ Organizations: CNN, American Society for, Karl, Palazzo Italia, Hamptons, Associated Humane Societies Locations: Washington, Greenwich, Conn, New York, Asia, Shanghai, Berlin, Germany, Sipa Florida, New Jersey

☆ Voss Capital wants to maximize shareholder value at International Money Express. How it may play out
▼ + stars: | 2024-09-14 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Business: International Money Express is an omnichannel money remittance services company. IMXI offers money transfer services digitally through a network of agent retailers in the United States, Canada, Spain, Italy and Germany. It offers money remittance services to Latin America and the Caribbean countries, mainly Mexico and Guatemala. International Money Express is a money remittance services provider which enables consumers to send money from the United States, Canada, Spain, Italy and Germany to Mexico, Guatemala and other countries in Latin America, Africa and Asia. If the IMXI does not execute on a strategic plan, Voss will likely consider director nominations.

Persons: IMXI, Voss, Madison, Benefytt, Russell, Michael Purcell, Ken Squire Organizations: Express, Caribbean, La Nacional, Capital Management, MoneyGram, Benefytt Technologies, Madison Dearborn Partners, 13D Locations: United States, Canada, Spain, Italy, Germany, Puerto Rico, America, Caribbean, Mexico, Guatemala, Latin America, Africa, Asia, Dominican Republic, United Kingdom, Voss, Madison Dearborn, Western Union, Benefytt

☆ Biden admin says RT and Russian state media are waging covert information warfare around the world
▼ + stars: | 2024-09-13 | by ( Dan De Luce | Dan De Luce Is A Reporter For The Nbc News Investigative Unit. | ) www.nbcnews.com time to read: +5 min

“RT wants its new covert intelligence capabilities, like its longstanding propaganda and disinformation efforts, to remain hidden,” Secretary of State Antony Blinken told reporters. On Friday, State Department officials sought to highlight Russia’s information operations around the world. Through proxy media outlets that purport to be independent, Russia is disseminating information to back its invasion of Ukraine, officials said. The Biden administration is imposing sanctions on a state-funded broadcaster that oversees the RT outlet, TV-Novosti, another state media company, Rossiya Segodnya, and its director Dmitry Kiselyov, officials said. Russian state-funded media was also targeted for sanctions for allegedly funneling money into Moldova under the guise of humanitarian aid “to buy votes to influence the upcoming Moldovan elections,” officials said.

Persons: Antony Blinken, ”, James Rubin, Rubin, RT, Biden, Rossiya Segodnya, Dmitry Kiselyov, “ Organizations: RT, Ukraine, State Department, State, Global, Department, Novosti Locations: South America, Europe, Africa, U.S, Ukraine, America, Russian, China, Russia, Germany, Berlin, France, Paris, Argentina, Moldova, Washington

☆ Her teenage summer crush unexpectedly came back into her life. ‘I felt like I was reconnecting with my best friend’
▼ + stars: | 2024-09-13 | by ( Francesca Street | ) edition.cnn.com time to read: +19 min

He remembers the way she walked down the beach, recalls noticing her immediately, wanting to talk to her. “We’d download songs and listen to the album at the same time,” recalls Vlad. “The emotion was really, really intense. Iga OlszakWhile Vlad and Iga were together in Germany, they talked about the potential of Iga visiting Vlad in the US. “He created that space for me where it felt really good and I finally felt okay to say the truth,” she says.

Persons: Iga Olszak, Vlad Dimovski, Iga, Vlad, “, Skotina, ”, ” Vlad, ” Iga, …, wasn’t, –, that’s, ’ ”, Vlad’s, She’d, he’d, Iga –, weren’t, they’d, Olszak, I’d, who’d, ”, “ I’d, Will, ’ ” Vlad, Luca, Klara, They're, – he’d, “ I’m, we’ve Organizations: CNN, CNN Travel, “, Facebook Locations: Skotina, Greece, Poland, North Macedonia, Mount Olympus, Iga, Germany, Chicago, Republic of Macedonia, Europe, Bielefeld, “, Florida, Macedonia, pouting

☆ North Korea shows first photos of banned uranium enrichment site
▼ + stars: | 2024-09-13 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

North Korea is believed to have several sites for enriching uranium. The new type of centrifuge shows North Korea is advancing its fuel cycle capabilities, said Ankit Panda of the U.S.-based Carnegie Endowment for International Peace. “Kim also appears to suggest that North Korean tactical nuclear weapons designs may primarily rely on uranium for their cores,” he said. This is notable because North Korea is more able to scale up its highly enriched uranium stockpiles, Panda said, compared with the more complicated process for plutonium. North Korea has previously shown photos of what it says were nuclear warheads.

Persons: Kim Jong Un, Kim, ”, “, Rafael Grossi, Ankit, “ Kim, Panda, Jenny Town Organizations: Nuclear Weapons Institute, United Nations, North, Analysts, Scientific Research, International Atomic Energy Agency, Carnegie Endowment, International, Stimson Center, Federation of American Scientists, United Nations Command Locations: SEOUL, South Korea, North Korea, United States, U.S, Korea, Yongbyon, Korean, North, Seoul, ” Germany

☆ European markets poised to open higher after ECB rate cut
▼ + stars: | 2024-09-13 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — European stocks are set to open higher Friday as investors continue to digest the European Central Bank's decision to cut rates and its impact on future monetary policy. The U.K.'s FTSE 100 is seen opening 1 point higher at 8,239, France's CAC up 20 points at 7,448, Germany's DAX 57 points higher at 18,563 and Italy's FTSE MIB up 41 points at 33,484 ,according to IG data. The European Central Bank slashed rates as expected on Thursday, marking its second 25-basis-point cut this year and bringing its key interest rate to 3.5%. Policymakers gave little indication on the course for monetary policy, however, with President Christine Lagarde saying the bank was not "pre-committing to a particular rate path." Asia-Pacific markets, meanwhile, were mixed, as mainland Chinese markets rebounded from a six-year low and Australian markets near an all-time high.

Persons: Germany's DAX, Christine Lagarde Organizations: Central, France's CAC, European Central Bank, U.S, U.S . Federal Locations: U.S ., Asia, Pacific, Europe, France

☆ Biden signals openness to using Western long-range missiles inside Russia as he meets Britain’s leader to discuss
▼ + stars: | 2024-09-13 | by ( Kevin Liptak | ) edition.cnn.com time to read: +9 min

The president has long resisted calls from Ukrainian officials to ease restrictions on the weapons. “We’re working that out right now,” Biden said when questioned this week whether he would permit Western-provided long-range missiles to target military sites like airfields, missile launchers, fuel tanks and ammunition depots inside Russia. Still, that the conversation over long-range weapons is happening at all is an indication of how stalled battlefield dynamics are causing western leaders to rethink their approach. The revelation that Iran has been providing Russia with ballistic missiles has changed the debate over Ukraine’s capabilities, Lammy said. Earlier in the week, the bipartisan congressional Ukraine caucus called on Biden to allow Ukraine to strike targets inside Russia with the long-range weapons.

Persons: Joe Biden, Biden, ” Biden, Friday’s Biden, Starmer, Vladimir Putin, Putin, Volodymyr Zelensky, Antony Blinken, “, it’s, we’ll, ” Blinken, Andrii Sybiha, David Lammy, Lammy, Defense Lloyd Austin, ” Austin, Ukraine’s, Sen, Ben Cardin, Jeanne Shaheen of, ” Shaheen, ” Organizations: Washington CNN, British, White, US, Army Tactical Missile Systems, Ukrainian, National Security, Labour Party’s, NATO, Defense, Ukraine Defense Contact Group, Defense Department, Ukraine “, Senior, Senate Foreign Relations, Biden, Republican Locations: Ukraine, Russia, Ukrainian, United Kingdom, Kyiv, France, Iran, Western, Kursk, Washington, Russian, United States, British, Germany, Crimea, Ben Cardin of Maryland, Jeanne Shaheen of New Hampshire

☆ German warships ignored China's complaints and sailed through the Taiwan Strait for the first time in over 2 decades
▼ + stars: | 2024-09-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +1 min

Two German navy ships sailed through the Taiwan Strait for the first time in over 20 years. Go to newsletter preferences Thanks for signing up! AdvertisementTwo German navy ships have sailed through the Taiwan Strait, the first such move in over 20 years. Despite China's complaints and criticisms, Germany said that it had a right to transit the strait, which is international waters. The German first-in-class frigate Baden-Württemberg and the supply ship Berlin-class Frankfurt am Main sailed the Taiwan Strait on Friday.

Persons: —, Boris Pistorius Organizations: Service, Baden, Main, German, Business Locations: Taiwan Strait, China, Taiwan, Germany, Berlin, Frankfurt

☆ UK leads resurgence in European office investment
▼ + stars: | 2024-09-13 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +5 min

Sopa Images | Lightrocket | Getty ImagesLONDON — The U.K. is leading a recovery in Europe's long subdued office real estate market, with overall investment in the sector expected to pick up further in the second half of the year. Overall, European office investment transactions in the first half of the year fell 21% year-on-year to 14.1 billion euros, Savills data showed — a 60% decrease on the five-year H1 average. Europe's divided recoveryThe U.K. real estate market was the first in Europe to undergo a significant contraction following its peak in 2022. "London is leading the way a bit, partly because it repriced earlier and quicker and more significantly," Kim Politzer, head of research for European real estate at Fidelity International, told CNBC over the phone. Kim Politzer head of research for European real estate at Fidelity International

Persons: Mike Barnes, Savills, Kim Politzer, Marcus Meijer, Mark, CNBC's, James Burke, Tom Leahy, Leahy, Europe's, JLL Organizations: Getty, Britain, CNBC, Bank of, Fidelity International, European Central Bank, Nurphoto, U.S Locations: London, Europe, Paris, Stockholm, Berlin, Hamburg, La Défense, France, Ireland, Netherlands, Spain, Italy, Portugal, Southern Europe, Germany

☆ The Sahara Desert is greening as unusual storms hit parts of Africa
▼ + stars: | 2024-09-13 | by ( Mary Gilbert | ) edition.cnn.com time to read: +6 min

Satellites recently captured plant life blooming in parts of the typically arid southern Sahara after storms moved there when they shouldn’t. NASARainfall north of the equator in Africa typically increases from July through September as the West African Monsoon kicks into gear. “The Intertropical Convergence Zone, which is the reason for (Africa’s) greening, moves farther north the warmer the world gets,” Haustein explained. NOAA's Climate Prediction CenterTake the northern portion of Chad, which is part of the Sahara Desert. Only up to an inch of rain typically falls here from about mid-July to early September.

Persons: Karsten Haustein, Niño, Haustein, El Niño, ” Haustein, “, g9HrAAzrxC — Evan Fisher, Audu Marte, Haustien, ” Organizations: CNN, NASA NASA, Central African, NASA, West, Satellite, Leipzig University, United, Getty Locations: Africa, Niger, Chad, Central African Republic, Sudan, Libya, Germany, West, Central Africa, Parts, Nigeria, Cameroon, Egypt, United Nations, Maiduguri, AFP, Messawi, Meroe, Sudan's Northern State

☆ Vodafone merger with Three will create 'quality network,' Vodafone Germany chairman says
▼ + stars: | 2024-09-13 | 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 EmailVodafone merger with Three will create 'quality network,' Vodafone Germany chairman saysAhmed Essam, Vodafone Germany's executive chairman, says the firm disagrees with the U.K.'s competition regulator that its merger with Three mobile network will impact pricing in a negative way.

Persons: Ahmed Essam Organizations: Vodafone

☆ A tech leader at Accenture shares how AI and cloud tools in the public sector can evolve with regulation: 'It's still the Wild West'
▼ + stars: | 2024-09-12 | by ( Matthew S. Smith | ) www.businessinsider.com time to read: +9 min

Greiner opened up about the evolution of cloud technology and generative AI in the public sector. What's the current demand for AI, particularly generative AI, in the public sector? Cloud went through a similar process, and I think lessons were learned that are now applied to generative AI. Can you provide examples of how generative AI is deployed in the public sector? Are general attitudes toward generative AI receptive or cautious in the public sector?

Persons: Tom Greiner, Accenture's, Greiner, —, we've, they've, there's, We've, Cloud, it's Organizations: Service, Accenture, Department of Homeland Security, Business, Data, National Institute of Standards, Technology, It's, NIST, Excellence, District of Columbia Department of Health, Amazon Web Locations: Europe, United States, Germany

☆ European markets poised to rally at the open, ahead of anticipated ECB rate cut
▼ + stars: | 2024-09-12 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European Central Bank (ECB) President Christine Lagarde addresses a press conference on the Eurozone's monetary policy, at the central bank's headquarters in Frankfurt am Main, western Germany, on July 18, 2024. LONDON — European stocks are expected to rally at the open Thursday as investors in the region await the latest monetary policy decision from the European Central Bank. The U.K.'s FTSE index is seen opening 76 points higher at 8,267, Germany's DAX up 159 points at 18,482, France's CAC 40 up 64 points at 7,460 and Italy's FTSE MIB up 257 at 33,472, according to data from IG. The European Central Bank (ECB) is expected to slash rates again by 25 basis points on Thursday, a move that would mark the first cut since June, when it described the potential for a September reduction as "wide open." The ECB's key interest rate — which helps to price all sorts of loans and mortgages across the bloc — is currently at 3.75% after years of aggressive hikes.

Persons: Christine Lagarde, Germany's DAX Organizations: European Central Bank, LONDON, The, CAC, IG Locations: Frankfurt, Germany

☆ Lael Wilcox becomes fastest woman to cycle around the world
▼ + stars: | 2024-09-12 | by ( Jamie Barton | ) edition.cnn.com time to read: +2 min

CNN —American Lael Wilcox has broken the world record for the fastest woman to cycle around the world, traversing 21 countries and 18,125 miles in three and a half months. “I had so much fun — felt like I could’ve just kept riding forever,” said Wilcox on Instagram following the conclusion of her journey. The 38-year-old Alaskan is an experienced ultra-endurance cyclist, having become the first woman and first American to win the TransAm, a 4,200-mile race across the US, in 2016. For her around-the-world record attempt, Wilcox began in Chicago before cycling to New York. From hometown Anchorage, Wilcox cycled south to Los Angeles, before finishing along Route 66 to Chicago.

Persons: Lael Wilcox, – Wilcox, Jenny Graham, “, ”, Wilcox, Sam Wasson, Rugile Kaladyte, Vedangi Kulkarni Organizations: CNN, Cycling, Guinness, Sipa, AP Locations: Chicago, Scottish, Instagram, American, New York, Portugal, Netherlands, Germany, Balkans, Turkey, Georgia, Perth, Australia, Brisbane, New Zealand, North America, Anchorage, Wilcox, Los Angeles, Glorieta , New Mexico

☆ Bill Gates-backed startup says a global gold rush for buried hydrogen is picking up momentum
▼ + stars: | 2024-09-12 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +5 min

Geologic hydrogen — sometimes known as white, gold or natural hydrogen — refers to hydrogen gas that is found in its natural form beneath Earth's surface. Pete Johnson, CEO and co-founder of Koloma, told CNBC that geologic hydrogen is fundamentally an exploration and production business. A primary energy source, such as coal, oil, wind or solar, refers to a natural energy source that has not been altered or converted. It's within this context that momentum has been growing over the potential of geologic hydrogen. Ellis said that just a small percentage of geologic hydrogen recovery might well be enough to supply all the projected demand for 200 years.

Persons: Bill Gates, Jeff Bezos, Pete Johnson, Koloma, Ray Dalio, Virgin Group's Richard Branson, Alibaba's Jack Ma, Koloma Koloma's Johnson, there's, Johnson, Alex Halada, Geoffrey Ellis, Ellis Organizations: Geological Agency of, Ministry of Energy, Mineral Resources, Nurphoto, Getty, CNBC, Khosla Ventures, Fund, United Airlines, Breakthrough Energy Ventures, Bridgewater Associates, Rystad Energy, Afp, Energy Resources Program, . Geological Survey Locations: Pute Jaya, Morowali Regency, Central Sulawesi Province, Indonesia, U.S, Denver , Colorado, Canada, Australia, France, Spain, Colombia, South Korea, Russia, Ukraine, Germany

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