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☆ Hush-money judge repeatedly bench-slaps Donald Trump's lawyer over gag violations: 'You're losing all credibility!'
▼ + stars: | 2024-04-23 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

"You're losing all credibility," the judge railed when Blanche insisted Trump was "careful" online. "You're losing all credibility," New York Supreme Court Justice Juan Merchan angrily told the lawyer, Todd Blanche. It was at this point that the judge accused Blanche of "losing all credibility." Blanche's arguments at Tuesday's hearing, in defense of Trump's posts, fell roughly into three categories. Blanche's third argument was that reposting attacks on trial witnesses that were originally made by others was somehow exempt.

Persons: Todd Blanche, Blanche, Trump, —, Donald Trump, Juan Merchan, Merchan, Christopher Conroy, Timothy A, Clary, Trump's, Michael Cohen, Stormy Daniels, I've, Atilgan, Daniels, Cohen, Conroy, Jesse Watters, David Pecker, Pecker, Hillary Clinton, Ted Cruz, Alvin Bragg's, reimbursing Cohen, Karen McDougal, McDougal Organizations: Service, GOP, Prosecutors, Reuters, Trump, Anadolu Agency, Getty, Fox, Merchan, National Enquirer, Mar, Manhattan, Trump Organization Locations: Manhattan, Florida, Washington, DC

☆ Trump thought hush money was risky because 'It always gets out,' National Enquirer exec testifies. In this case, Trump was right.
▼ + stars: | 2024-04-23 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

"It always gets out," Pecker testified Trump told him. "It always gets out," Trump explained of his hesitancy, according to the trial's first witness, former National Enquirer publisher David Pecker. Advertisement"I think the story should be purchased and you should buy it," Pecker told jurors, describing what he told Trump about McDougal's accusations during a June, 2016 phone call. But Trump wanted nothing to do with the McDougal payoff, Pecker said Tuesday, his second day on the witness stand. But Trump is now on trial for a second hush-money payment that prosecutors say has Trump's fingerprints all over it — the payment to Daniels.

Persons: Donald Trump's Manhattan, David Pecker, Pecker, Trump, —, Donald Trump, Model Karen McDougal, Stormy Daniels, Alvin Bragg's, Daniels, Bragg, McDougal, Michael Cohen —, Cohen, Melania Trump, Barron, Pecker's Organizations: Service, National Enquirer, Trump Organization, Trump Org

☆ Microsoft Makes a New Push Into Smaller A.I. Systems
▼ + stars: | 2024-04-23 | by ( Karen Weise | Cade Metz | ) www.nytimes.com time to read: 1 min

systems, the tech industry’s mantra has been bigger is better, no matter the price tag. Now tech companies are starting to embrace smaller A.I. On Tuesday, Microsoft introduced three smaller A.I. The smallest Phi-3 model can fit on a smartphone, so it can be used even if it’s not connected to the internet. And it can run on the kinds of chips that power regular computers, rather than more expensive processors made by Nvidia.

Organizations: Microsoft, Phi, Nvidia

☆ Drugmaker Novartis climbs 4.4% after guidance rise on sales of blockbuster drugs
▼ + stars: | 2024-04-23 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Signage for Novartis AG at a building in the company's headquarters campus in Basel, Switzerland, on Monday, Jan. 8, 2023. Shares of Swiss drugmaker Novartis climbed as much as 4.8% in early deals on Tuesday, after the company raised its full-year guidance following better-than-expected first-quarter results. Novartis' net sales rose 11% in the first three months of the year, while core operating income increased 22% over the same period. Narasimhan said the company continued to advance its drug pipeline in the first quarter, including treatments for prostate cancer and leukemia. "The momentum in our business and pipeline gives us continued confidence in our mid- and long-term growth outlook," he said.

Persons: Vas Narasimhan, Narasimhan Organizations: Novartis AG, Swiss, Novartis Locations: company's, Basel, Switzerland, London

☆ I've visited 93 countries, 57 of them with kids. These 5 underrated spots are great places to enjoy with your family.
▼ + stars: | 2024-04-23 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

Since 2000, I've visited 93 countries and 57 of them have been with my four children who are all under the age of 10. We went on a safari tour in TanzaniaOur family visited Tanzania in 2019 in collaboration with a tourism brand. We love Sri Lanka so much, we're building a villa thereIn 2022, my family and I moved to Sri Lanka from Abu Dhabi. Edwards' daughter and son on a beach in Sri Lanka. Courtesy of Karen EdwardsI visited the country in 2008, and then again in 2012 with my then-boyfriend and now-husband.

Persons: Karen Edwards, Edwards, —, I've, Abu, Abu Dhabi, you'll, Al, we're, It's, We'd Organizations: Service, Disney, Mto, United Arab, Oasis, Catalonian Locations: Tanzania, Abu Dhabi, America, California, Florida, Zanzibar, Tanzanian, Lake, Dubai, United Arab Emirates, Al Ain, Hafeet, Sri Lanka, Galle, Andorra, Pyrenees, Spain, Barcelona, Toulouse, France, Karen Edwards Andorra, Macedonia Macedonia, Balkan, Greece, Europe, Albania, Macedonia

☆ Former National Enquirer boss breaks his silence on ‘catch and kill’ as lead witness in Trump trial
▼ + stars: | 2024-04-23 | by ( Oliver Darcy | ) edition.cnn.com time to read: +4 min

The former National Enquirer boss on Monday became the first witness called to testify in Donald Trump’s historic hush-money trial. Sitting in the Manhattan courtroom, Pecker offered illuminating details into how the infamous tabloid operated and conducted so-called “catch and kill” operations. But during his brief time on the witness stand, Pecker confirmed a number of details that news organizations had previously reported about his operation. Pecker smiled and said “hi” to Trump’s table after stepping down from the witness stand. Pecker will be back on the witness stand Tuesday, when court resumes.

Persons: New York CNN — David Pecker, Donald Trump’s, Pecker, ” Pecker, “, —, Karen McDougal, Trump, Stormy Daniels, ” Organizations: New York CNN, National Enquirer, Monday, Street, Media Inc, Playboy, Trump, AMI, CNN, Republican Locations: New York, Manhattan

Here are takeaways from Tuesday’s day in court:Gag order hearing goes badly for TrumpMerchan issued the gag order before the trial began, limiting Trump from publicly discussing witnesses, the jury or the district attorney’s staff. Merchan expanded the order, which Trump has appealed, to cover his own family after Trump attacked his daughter. “It’s your client’s position that when he reposts he did not believe he was violating the gag order. Judge says Trump lawyers are ‘losing all credibility’Tensions continued to grow between Trump’s legal team and the trial judge during the gag order hearing. Pecker places Michael Cohen deep in the conspiracyPecker placed Cohen in the heart of the alleged “catch and kill conspiracy” Tuesday.

Persons: Juan Merchan, Donald Trump, David Pecker, Karen McDougal, Trump’s, Michael Cohen, Trump, ”, Stormy Daniels, Merchan, Todd Blanche, Blanche, Cohen, Michael Avenatti, Daniels, ” Merchan, “, ” Blanche, reposts, “ You’ve, “ I’ve, You’ve, “ You’re, Josh Steinglass, Pecker, McDougal, Michael, ” Pecker, Stelter, wasn’t, “ Michael Cohen, Ted Cruz, ’ ” Pecker, Ben Carson, Marco Rubio Organizations: New, New York CNN, American Media Inc, Trump, Trump Merchan, Truth, AMI, CNN Locations: New York

Mr. Cohen has said he acted at Mr. Trump’s direction, but the former president is not charged over the payment itself. If Mr. Trump testifies in his own defense, that could pit Mr. Cohen’s word against Mr. Trump’s — a he-said, he-said story, with two questionable narrators. Mr. Trump’s lawyers will seek to emphasize Mr. Cohen’s checkered past at every turn. And, on cross-examination, Mr. Trump’s lawyers are likely to portray Mr. Cohen as a serial liar with a grudge against his former boss. Mr. Pecker can support at least some of Mr. Cohen’s testimony about Mr. Trump’s involvement in the hush-money deals.

Persons: Donald J, Trump, Alvin L, Bragg, Michael D, Cohen, Stormy Daniels, Daniel J . Horwitz, Michael Cohen, ” Mr, Horwitz, Mary Altaffer, Daniels, Trump’s, Joshua Steinglass, Donald Trump, Mr, Steinglass’s, David Pecker, Hope Hicks, Pecker, Bragg’s, Karen McDougal, Marion Curtis, reimbursements, Allen H, Weisselberg, Steinglass, McDougal, Dave Sanders, The New York Times Susan Necheles, Cohen’s, President Trump, Madeleine Westerhout, “, ”, ” William K, Rashbaum, Maggie Haberman, Jonathan Swan, Michael Rothfeld Organizations: Prosecutors, Mr, fixer, National Enquirer, Trump, Trump . Credit, The New York Times, American Media, Associated, ” Locations: New York, Manhattan, Trump ., America, Russia

CNN —The first criminal trial of Donald Trump is officially underway. Prosecutors and Trump’s attorneys delivered opening statements and the first witness – a former National Enquirer publisher – was called Monday in the historic and unprecedented criminal trial of a former president. “The defendant Donald Trump orchestrated a criminal scheme to corrupt the 2016 presidential election,” said prosecutor Matthew Colangelo told jurors. At the hearing, Trump’s attorneys came to an agreement with the New York attorney general’s office on the terms of that $175 million bond. Trump’s attorneys representing him in the civil matter later stopped by the criminal trial and spoke to cameras in the hallway outside the courtroom where Trump sat at the defense table.

Persons: Donald Trump, –, Stormy Daniels, Trump, ” Trump, Judge Juan Merchan, ”, Matthew Colangelo, “, ” Colangelo, Cohen, David Pecker, Colangelo, it’s, Todd Blanche, “ Donald Trump, ” Blanche, he’s, Blanche didn’t, It’s, Blanche, Cohen’s, Trump ”, Trump’s, Michael Cohen, President Trump, He’s, Pecker, Karen McDougal –, Letitia James, James ’, ” Alina Habba, Merchan, Chris Conroy, Emil Bove Organizations: CNN, Prosecutors, National Enquirer, Trump, American Media Inc, Defense, AMI, Pecker’s AMI, New, Specialty Insurance Locations: New York

☆ Trump trial set for opening statements and first witness testimony: Live updates
▼ + stars: | 2024-04-22 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Prosecutors and defense lawyers in the New York hush money trial of Donald Trump are set Monday to deliver opening statements and start calling witnesses to testify. Cohen paid $130,000 to Daniels less than two weeks before the election, which Trump went on to win. American Media earlier in 2016 also allegedly paid $150,000 to former Playboy model Karen McDougal, who also says she had an extramarital affair with Trump. Trump faces 34 counts of falsifying business records in order to conceal his reimbursement to Cohen for paying off Daniels. Trump in a post Monday morning on Truth Social defended those payments to Cohen as he railed against the DA.

Persons: Donald Trump, David Pecker, Pecker, Trump's, Michael Cohen, Stormy Daniels, Cohen, Daniels, Trump, Karen McDougal, Attorney Alvin Bragg, Bragg Organizations: U.S, Manhattan Criminal, National Enquirer, American Media, NBC News, Trump, Republican, Daniels . Manhattan, Attorney, Social, DA Locations: New York City, New York, Daniels

☆ Opinion: Both sides brought their A-game for opening of Trump’s trial
▼ + stars: | 2024-04-22 | by ( Opinion Norman Eisen | ) edition.cnn.com time to read: +7 min

CNN —Opening statements, followed by a few minutes of testimony from the first witness, concluded Monday in the criminal trial of former President Donald Trump. Norm Eisen Courtesy Norm EisenMy takeaway: The prosecution has the upper hand based on the evidence and the law, and Trump knows it. As expected, prosecutor Matthew Colangelo hammered home his theory of the case: that it is all about election interference and its cover-up. Colangelo made the complex simple, going through the chronology of evidence that prosecutors will present to prove the election interference. ACT THREE: A payment to another person with a damaging story — Karen McDougal, who alleged she had an affair with Trump.

Persons: Norman Eisen, “, Donald Trump, Norm Eisen, Trump, Matthew Colangelo, ”, Colangelo, David Pecker, Pecker, Michael Cohen, Dino Sajudin, Karen McDougal, Hope Hicks, Trump’s, Stormy Daniels, Cohen, Daniels, Todd Blanche, Blanche, ” Blanche, Juan Merchan, –, “ Trump, couldn’t, Hicks Organizations: CNN, ACT ONE, Trump, American Media, National Enquirer, ACT FOUR, White House, ACT FIVE, Trump Organization, ” Locations: Trump

☆ Ecuadorians head to polls for referendum as Noboa seeks backing for war on crime
▼ + stars: | 2024-04-21 | by ( Abel Alvarado | ) edition.cnn.com time to read: +7 min

The referendum will ask 11 questions, five that will modify the Constitution if approved and six that are advisory. More than 13 million of Ecuador’s population of nearly 18 million are eligible to vote – and in Ecuador, voting is obligatory. “We require urgent reforms that allow us to protect our security,” Noboa told a military event in March. In response to the escape, the government deployed more than 3,000 police officers and members of the armed forces to find Fito. The referendum has met opposition among some groups who claim the matters can be dealt with in the National Assembly.

Persons: Daniel Noboa, ”, he’s, ” Noboa, John Moore, Guillermo Lasso, Fernando Villavicencio, Adolfo Macias, Noboa, “, CNN’s Christiana Amanpour, Jorge Glas, Glas, Karen Toro Organizations: CNN, National Police, Armed Forces, Ecuadorian National Police, United Nations, Reuters, National Assembly Locations: Quito, Ecuadorian, Ecuador, Ecuadorians, Guayaquil, ”, Peru, Colombia, United States, Europe, Mexico, Mexican

☆ Intruder Breaks Into Los Angeles Mayor’s Residence
▼ + stars: | 2024-04-21 | by ( Colbi Edmonds | More About Colbi Edmonds | ) www.nytimes.com time to read: 1 min

The Getty House in Los Angeles, the official residence of Mayor Karen Bass, was broken into early Sunday, the Los Angeles Police Department said. The police took the intruder into custody, officials said. Details on the break-in were scant, but the police said on social media that the intruder had entered the Getty House after smashing a window around 6:40 a.m. while Ms. Bass and her family were inside. Ms. Bass’s office said in a statement that she and her family were safe and had not sustained any injuries. for responding and arresting the suspect,” Ms. Bass’s office said in a statement.

Persons: Karen Bass, Bass, “, ” Ms Organizations: Getty, Los Angeles Police Department Locations: Los Angeles

☆ What’s Happening In Myanmar’s Civil War?
▼ + stars: | 2024-04-20 | by ( Hannah Beech | Weiyi Cai | ) www.nytimes.com time to read: +16 min

RUSSIA CHINA INDIA Pacific Ocean MYANMAR INDONESIA Indian Ocean AUSTRALIA RUSSIA CHINA INDIA Pacific Ocean MYANMAR INDONESIA Indian Ocean AUSTRALIAWhat’s Happening In Myanmar’s Civil War? Parliamentary rule 1962 Military coup 1988 Nearly five decades of military rule Widespread pro-democracy protests followed by bloody military crackdown. National civil unrest 2021 Military coup ended power sharing with civilian government. Parliamentary rule Nearly five decades of military rule National civil unrest British colonial rule 1948 1988 1990 2007 2011 2021 1962 2015 Widespread pro-democracy protests followed by bloody military crackdown. National civil unrest 2021 Military coup ended power sharing with civilian government.

Persons: Adam Ferguson, Min Aung, Daw Aung, Suu Kyi, Aung, —, Tom Andrews, Chin, Rakhine Karen Mon Bamar, Kayan, Karen, Ms, hideouts Organizations: MYANMAR INDONESIA Indian Ocean, Insurgent, Council, Myanmar, 8th Battalion, Karenni Nationalities Defense Force, The New York Times, Senior, National Unity Government, People’s Defense Forces, Rebels, Assistance Association for Political Prisoners, Myanmar Peace Monitor, United Nations, General Administration Department, Union of, United, National Liberation Army Locations: RUSSIA CHINA, MYANMAR INDONESIA Indian Ocean AUSTRALIA RUSSIA CHINA, MYANMAR INDONESIA Indian, MYANMAR INDONESIA Indian Ocean AUSTRALIA, INDIA CHINA BANGLADESH Mandalay MYANMAR LAOS Naypyidaw Bay, Bengal Yangon THAILAND, INDIA CHINA Mandalay MYANMAR, Yangon THAILAND Bay, Bengal, Myanmar, Ukraine, Gaza, India, China, Karenni State, country’s, Suu, Myanmar’s, British, Sagaing Region, MYANMAR, Naypyidaw, Burma, United States, Rakhine, Thailand, Union, Union of Burma, Afghanistan

How the House Voted on Foreign Aid to Ukraine, Israel and TaiwanVotes on the Foreign Aid Bills Source: Office of the Clerk, U.S. House of RepresentativesThe House passed a long-stalled foreign aid package on Saturday that gives funding to Ukraine, Israel and Taiwan, with a majority of lawmakers backing money for American allies across the globe. A majority of Republicans voted against Ukraine aid on Saturday, in a reflection of the stiff resistance within the G.O.P. to continuing to aid Ukraine against President Vladimir V. Putin of Russia’s invasion. While all Democrats voted in favor of aid to Ukraine and all but Ms. Tlaib supported funding to Taiwan, 37 left-leaning Democrats defected to vote against the Israel aid bill. The opposition to the Israel aid represented a minority of Democrats, but reflected the deep resistance to unconditional aid and the divisions in the party on Gaza.

Persons: Mike Johnson, Kevin McCarthy’s, Mr, McCarthy, Vladimir V, Putin, Elise Stefanik, Rashida Tlaib, Bob Good, Good, “, Tlaib, Jamie Raskin, Donald S, Beyer Jr, Earl Blumenauer of, John Garamendi of Organizations: Foreign Aid, Foreign, House, Senate, House Progressive Caucus, Fund, Caucus, Republican, Republicans, ”, Maryland, Democrats Locations: Ukraine, Israel, Taiwan, New York, Michigan, Virginia, Gaza, Earl Blumenauer of Oregon, John Garamendi of California, United States

☆ Defense giant BAE Systems linked to arms deals in countries accused of human rights abuses, report finds
▼ + stars: | 2024-04-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

LONDON — BAE Systems , the U.K.'s largest defense contractor, has established trading relationships with countries accused of human rights abuses, according to a new report that reveals the extensive reach of its lucrative arms business. Included in those are 13 countries on the U.K.'s human rights abuse watchlist, as well as 29 countries whose military actions have injured or killed civilians. It comes as BAE Systems sales have surged, hitting £194 billion ($242 billion) in the 10 years to 2022, with cumulative operating profits totalling £17 billion over the period, according to the report. The report said the booming trade highlighted how some defense companies were profiting from the lucrative arms trade amid rising global instability. "We know it's a bonanza right now for military sales," Overton said Tuesday, during a press briefing for the report's release.

Persons: Joseph Rowntree, Iain Overton, Overton Organizations: BAE Systems, Joseph, Joseph Rowntree Foundation, BAE, CNBC

☆ Here's what 12 European Central Bank members said about interest rates this week
▼ + stars: | 2024-04-19 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

The ECB opted to hold rates steady in April and next meets to vote on monetary policy on June 6. Christine Lagarde, president of the ECBThe ECB's figurehead delivered a firm message that reflected her statements in recent press conferences: markets should expect an interest rate cut soon, barring major surprises. watch nowGabriel Makhlouf, governor of the Central Bank of IrelandMakhlouf said the most recent data sets had shifted his view on rates. "We don't follow the Fed... and now the ECB will be the central bank to be followed," Šimkus said. One could have cut rates way back in March or even April," he continued, adding that he hoped a majority of Governing Council members would back a June cut.

Persons: Kirill Kudryavtsev, Christine Lagarde, Lagarde, CNBC's Sara Eisen, Galhau, Villeroy, Karen Tso, Joachim Nagel, Germany's, Nagel, Robert Holzmann, Mario Centeno, Centeno, Gabriel Makhlouf, Central Bank of Ireland Makhlouf, we've, Makhlouf, Pierre Wunsch, Wunsch, Boris Vujčić, Jerome Powell, Vujčić, Gediminas Šimkus, Bank of Lithuania Šimkus, Šimkus, Edward Scicluna, Central Bank of Malta Scicluna, Kazāks, Bank of Latvia Kazāks, Olli Rehn, Rehn Organizations: Afp, Getty, International, European Central Bank, CNBC, ECB, Bank of France, Council, Austrian Central Bank One, Bank of Portugal, Central Bank of Ireland, National Bank of, Croatian National Bank, Federal, U.S, Bank of Lithuania, Central Bank of, Governing, Bank of Locations: Frankfurt, Germany, New York, ECB's, National Bank of Belgium, U.S, Europe, Central Bank of Malta, Bank of Latvia, Bank of Finland

☆ IMF's Srinivasan: Inherent dynamism in APAC region
▼ + stars: | 2024-04-19 | 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 EmailIMF's Srinivasan: Inherent dynamism in APAC regionKrishna Srinivasan, IMF's director of the Asia and Pacific department, speaks to CNBC's Karen Tso.

Persons: IMF's Srinivasan, Krishna Srinivasan, Karen Tso Locations: Asia, Pacific

☆ IMF's Azour: Middle East going through severe developments
▼ + stars: | 2024-04-19 | 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 EmailIMF's Azour: Middle East going through severe developmentsJihad Azour, director of the Middle East and Central Asia Department at the IMF, speaks to CNBC's Karen Tso.

Persons: Karen Tso Organizations: Central Asia Department, IMF Locations: East

☆ Dutch minister confident ‘crown jewel’ chip firm ASML will stay in Netherlands after threat to leave
▼ + stars: | 2024-04-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

A top Dutch government minister said he's confident the country's coveted chip-equipment maker ASML will remain in the Netherlands following threats from the company to move its operations abroad. Steven van Weyenberg, the Netherlands' finance minister, told CNBC's Karen Tso on Thursday that he isn't worried by ASML's statements threatening to leave the country. The company makes extreme ultraviolet lithography (EUV) machines, which are critical to the semiconductor industry for manufacturing integrated circuits. "I think many people, many countries would love to welcome ASML, but I think they're strongly embedded in the Netherlands," Van Weyenberg told CNBC Thursday. "I'm very optimistic about ASML's future and that it will be within the Netherlands," he said.

Persons: he's, Steven van Weyenberg, Karen Tso, Peter Wennink, Van Weyenberg, ASML Organizations: CNBC Locations: Netherlands

☆ German cars are the best in the world, its finance minister insists: 'They do not have to fear Chinese competition'
▼ + stars: | 2024-04-19 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Christian Lindner (FDP), Federal Minister of Finance, is on his way to a bilateral meeting with US Treasury Secretary Yellen at the headquarters of the World Bank. Bernd von Jutrczenka | Picture Alliance | Getty ImagesGerman carmakers do not have to fear competition from China and are still considered the best in the world, German Finance Minister Christian Lindner told CNBC. "German car manufacturers are world leading, they do not have to fear Chinese competition," Lindner said. Competition in the electric vehicle, or EV, market in China and Europe, as well as the U.S., has been heating up in recent months. This came ahead of Scholz's visit to China earlier this month, during which he warned against unfair competitive and trade practices.

Persons: Christian Lindner, Yellen, Bernd von Jutrczenka, CNBC's Karen Tso, Lindner, China's BYD, Tesla, Janet Yellen, Ursula von der, Wang Wentao, Olaf Scholz Organizations: Federal, of Finance, US, World Bank, Getty, German, CNBC, Washington , D.C, European Union . U.S, Treasury, European Commission, European Union, Commerce, EV, Reuters Locations: China, Washington ,, Europe, U.S, EVs, EU

☆ 'We've never seen anything like this': Dubai Airports CEO expects normal service within 24 hours after flood chaos
▼ + stars: | 2024-04-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Passengers queue at a flight connection desk at the Dubai International Airport in Dubai on April 17, 2024. The CEO of Dubai Airports said Friday that he expects services to return "close to normality" within 24 hours after the major transit hub was hit by unprecedented flooding. He confirmed, however, that the company, which owns and operates Dubai International Airport, had approved emergency budgets to provide food and water to stranded passengers, and noted that all retail outlets were now operating normally. Dubai airport said Friday that from midday local time it would be temporarily limiting the number of inbound flights for 48 hours. Dubai airport has urged passengers to exert caution when traveling, checking with airlines beforehand to confirm the status of their flight and not arriving at the airport too early.

Persons: We've, Griffiths, CNBC's, I'm Organizations: Dubai International, Dubai Airports, United Arab, Dubai International Airport Locations: Dubai, United Arab Emirates, Airlines

☆ ‘They will not win’: Sweden’s finance minister insists Ukraine cannot lose the war
▼ + stars: | 2024-04-18 | 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 Email‘They will not win’: Sweden’s finance minister insists Ukraine cannot lose the warSwedish Finance Minister Elisabeth Svantesson tells CNBC's Karen Tso that Europe can’t afford to let Russian win its war with Ukraine as it would lead to troubling events in the coming years.

Persons: Elisabeth Svantesson, Karen Tso Organizations: Swedish, Russian Locations: Ukraine, Europe

☆ ECB's Olli Rehn says geopolitics poses the biggest risk to the rate outlook
▼ + stars: | 2024-04-18 | 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 EmailECB's Olli Rehn says geopolitics poses the biggest risk to the rate outlookThe market reaction to geopolitical tensions has been muted but there is still a risk, and it could affect monetary policy, Olli Rehn, ECB policymaker and governor of the Bank of Finland, tells CNBC's Karen Tso.

Persons: ECB's Olli Rehn, Olli Rehn, Karen Tso Organizations: ECB policymaker, Bank of Finland

☆ ECB policymaker says he's expecting 'about three' interest rate cuts this year
▼ + stars: | 2024-04-18 | 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 EmailECB policymaker says he's expecting 'about three' interest rate cuts this yearGediminas Šimkus , governor of the Bank of Lithuania and ECB policymaker, joins Karen Tso from the IMF Spring Meetings to discuss the rate cuts he expects this year.

Persons: he's, Gediminas Šimkus, Karen Tso Organizations: ECB, Bank of Lithuania, ECB policymaker

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