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☆ Scientists discover ‘dark oxygen’ being produced by seabed metals in ground-breaking study
▼ + stars: | 2024-07-23 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

A team of international scientists has found that oxygen is being produced in complete darkness approximately 4,000 meters below the ocean's surface. An international team of scientists has discovered that oxygen is being produced by potato-shaped metallic nodules thousands of feet below the surface of the Pacific Ocean. A team of scientists led by Professor Andrew Sweetman at the U.K.'s Scottish Association for Marine Science found that oxygen is being produced in complete darkness approximately 4,000 meters (13,100 feet) below the ocean's surface. "For aerobic life to begin on the planet, there had to be oxygen and our understanding has been that Earth's oxygen supply began with photosynthetic organisms," Sweetman said. "But we now know that there is oxygen produced in the deep sea, where there is no light.

Persons: Andrew Sweetman, Sweetman Organizations: Nature Geoscience, Scottish Association for Marine Science

☆ Greece becomes first EU country to introduce a six-day working week
▼ + stars: | 2024-07-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

A church in Anafiotika neighborhood, a part of the old historical neighborhood called Plaka, in Athens, Greece on March 16th, 2024. Greece has controversially introduced a six-day working week for some businesses in a bid to boost productivity and employment in the southern European country. The regulation, which came into force on July 1, bucks a global trend of companies exploring a shorter working week. The change means a traditional 40-hour workweek could be extended to 48 hours per week for some businesses. Food service and tourism workers are not included in the six-day working week initiative.

Persons: Kyriakos Mitsotakis Organizations: Labor, CNBC Locations: Anafiotika, Athens, Greece, London

☆ UK PM Sunak could cease to be a lawmaker in landslide election defeat, new poll shows
▼ + stars: | 2024-06-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Prime Minister Rishi Sunak speaks to farmers as he campaigns on a farm near Barnstaple on June 18, 2024 in North Devon, United Kingdom. North Devon has been held by the Conservative Party since the 2015 general election. British Prime Minister Rishi Sunak could become the country's first sitting prime minister to lose their seat at a general election, according to the findings of a shock new poll. If correct, the upcoming vote would deliver Labour a supermajority of 382, comfortably more than former Prime Minister Tony Blair's historic 1997 victory. The analysis showed that left-leaning Scottish National Party is set to win 8 seats, while Wales' pro-independence political party Plaid Cymru is expected to win 4.

Persons: Rishi Sunak, Tony Blair's, Savanta, James Cleverly's, Jeremy Hunt's Organizations: Conservative Party, British, Labour, Conservative, Liberal Democrats, Scottish National Party, Wales, Plaid Cymru, Greens Locations: Barnstaple, North Devon, United Kingdom, Richmond, Northallerton, North Yorkshire, Braintree, Essex, Godalming, Ash, Surrey

☆ IMF chief says Europe looks like 'an ideas supermarket' for the U.S., calls for further integration
▼ + stars: | 2024-06-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Kristalina Georgieva, chief executive officer of the World Bank Group, arrives to a briefing at the annual meetings of the International Monetary Fund (IMF) and World Bank in Washington, DC, US, on Friday, April 19, 2024. Speaking to CNBC's Karen Tso, IMF Managing Director Kristalina Georgieva said Europe's economic performance was strengthening and inflation was clearly on a downward trajectory. One, to achieve the full potential of the single market. Right now, Europe looks like an ideas supermarket for the United States," Georgieva said. [It is] 27 countries not yet integrated in a single market."

Persons: Kristalina Georgieva, Karen Tso, Georgieva Organizations: World Bank Group, International Monetary Fund, Bank, IMF, European Central Bank Locations: Washington , DC, Europe, United States

☆ ‘Inadvertent geoengineering’: Researchers say low-sulfur shipping rules made climate change worse
▼ + stars: | 2024-06-19 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +4 min

That's because the sulfur dioxide, a pollutant which forms when sulfur-containing fuel such as coal or petroleum oil is burned, reacts with water vapor to produce aerosols that reflect sunlight back into space. The aerosols have a direct cooling effect, though climate scientists note that their contribution to global cooling or warming when they are reduced remains a complex area of research. Extreme temperatures are fueled by the climate crisis, the chief driver of which is the burning of fossil fuels. All of the climate models will give you slightly different answers because of the way that they do their emissions of sulfur dioxide," Haywood said. "So, we are uncertain about how much impact the IMO regulations will have had on global mean temperatures."

Persons: Yuan, Laura Wilcox, everyone's, Jim Haywood, Haywood, You've, Jim Hansen Organizations: United Nations, International Maritime Organization, Ucg, Getty, Communications, University of Maryland, National Centre for Atmospheric Science, University of Reading, El Nino, University of Exeter, CNBC, El, NASA Locations: London, Europe, Tonga

☆ Disease, drought and alternative fruits: The orange juice industry is in crisis
▼ + stars: | 2024-06-18 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

A worker at a citrus fruit farm separates the tangerines for sale on June 6, 2024 in Piedade dos Gerais, in Minas Gerais State, Brazil. Pedro Vilela | Getty Images News | Getty ImagesThe orange juice industry is reeling. The crisis has even prompted some orange juice manufacturers and blenders to explore whether alternative fruits, such as mandarins, apples and pears, can be used to dilute the drink. Bottles of Simply Orange orange juice are displayed for sale in a grocery store on September 28, 2023 in Los Angeles, California. High incidence of citrus greening

Persons: Pedro Vilela, Kees, Mario Tama, What's, greening, —, Greening Organizations: Getty, Vegetable Juice Association, CNBC, Intercontinental Exchange Locations: Piedade dos Gerais, Minas Gerais State, Brazil, Los Angeles , California, New York, Florida

☆ Iceland wants to switch up its tourism tax to protect nature — and fight overtourism
▼ + stars: | 2024-06-17 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

The Blue Lagoon geothermal spa near the fishing town of Grindavik, Iceland, on May 23, 2024. Iceland wants tourists to flock to its bubbling hot springs, picturesque ice caps and lunar-like lava landscapes — but not at the expense of its residents or natural environment. "We are trying still to mold the taxation system for the tourism sector for the future," Iceland's Prime Minister Bjarni Benediktsson told CNBC via videoconference. As I see it, we would want to go more toward accession fees to the magnets, as we call them, around the country," Benediktsson said. Iceland's government reinstated its so-called tourism tax at the start of the year, seeking to raise funds for sustainability programs and mitigate the environmental impact of mass tourism.

Persons: Bjarni Benediktsson, Benediktsson Organizations: CNBC Locations: Grindavik, Iceland, Amsterdam, Venice

☆ Apple supplier TDK says battery breakthrough can deliver higher performance for wearable devices
▼ + stars: | 2024-06-17 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Apple Watch SE is seen in a store in Krakow, Poland on April 20, 2024. Japanese electronic parts maker TDK on Monday said it had successfully developed a material for its solid-state batteries, making a breakthrough that it estimates could deliver significantly higher performance for wearable devices. Energy density refers to the amount of energy stored in a region of space. Solid-state batteries are viewed as a potentially game-changing technology, because they can store more energy than lithium-ion batteries and charge faster. The batteries are expected to be produced with an all-ceramic material, with oxide-based solid electrolyte and lithium alloy anodes.

Persons: TDK Organizations: Apple Locations: Krakow, Poland, Tokyo

☆ Argentina's Senate passes Milei's economic reform bill as protesters clash with riot police
▼ + stars: | 2024-06-13 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Aerial view of a fire during a protest outside the National Congress in Buenos Aires on June 12, 2024. Argentina's Senate narrowly passed President Javier Milei's sweeping economic reform bill, delivering a tentative legislative victory to the right-wing leader even as protesters clashed with riot police. Lawmakers in Argentina's upper house on Wednesday voted 37 to 36 to approve the bill after a marathon debate, with Vice President and head of the Senate Victoria Villarruel casting the deciding vote in favor of Milei's economic measures. The reform bill is a core tenet of Milei's push to revive the country's crisis-stricken economy. "Today there are two Argentinas," Argentina's vice president said, according to Reuters.

Persons: Javier Milei's, Senate Victoria Villarruel, Villarruel Organizations: National Congress, Argentina's, Lawmakers, Senate Victoria, Getty, Buenos Aires Times, Reuters Locations: Buenos Aires, Argentina

☆ Big Oil warned by IEA that peak crude and a major supply surplus are on the horizon
▼ + stars: | 2024-06-12 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

In its latest medium-term market report, titled Oil 2024, the global energy watchdog said oil demand growth was on track to slow down before ultimately reaching its peak of near 106 million barrels per day by 2030. That's up from just over 102 million barrels per day in 2023. At the same time, the IEA expects total oil production capacity to surge to nearly 114 million barrels per day by 2030 — a whopping 8 million barrels per day above projected global demand. The burning of fossil fuels such as coal, oil and gas is the chief driver of the climate crisis. The share of fossil fuels in the global energy supply has stayed at around 80% for decades, according to the IEA, although it expects this to fall to around 73% by 2030.

Persons: Fatih Birol, Birol Organizations: The International Energy Agency, Big Oil, IEA Locations: Monahans , Texas, U.S, OPEC

☆ Norway discovers Europe's largest deposit of rare earth metals
▼ + stars: | 2024-06-11 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Mining firm Rare Earths Norway says it has discovered Europe's largest proven deposit of highly prized rare earth elements, potentially reflecting a watershed moment for both the Nordic country and the broader region. One of the few deposits not owned or controlled by China, the discovery of continental Europe's largest rare earths deposit is considered a welcome boost in Europe's bid to break China's rare earths dominance. Alf Reistad, CEO of Rare Earths Norway, told CNBC that the discovery at Fen represents a "great milestone" for the company. "It is important to state that there is absolutely no extraction of rare earth elements in Europe today," Reistad said via videoconference on Monday. Rare Earths Norway said the rare earths deposit in Telemark, roughly 210 kilometers (130 miles) southwest of Oslo, is likely to underscore Norway's position as an integral part of Europe's rare earth and critical raw material value chain.

Persons: Alf Reistad, Reistad Organizations: Tech Co, Mining, Nordic, Rare, Norway, CNBC Locations: Mongolia, Baotou, Inner Mongolia, China, Norway, Sweden, Europe, videoconference, Telemark, Oslo

☆ Europe's climate ambitions thrown into doubt as Green vote collapses
▼ + stars: | 2024-06-10 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

That's significantly lower than the 71 seats the Greens/EFA secured when the green faction enjoyed its strongest ever showing five years ago. Nationalist and far-right parties — traditionally skeptical of climate issues — have also been vocal critics of green policies. Bas Eickhout Lead candidate for the Green PartyBas Eickhout, lead candidate for the Green Party, said that support for the far-right parties across the bloc could jeopardize Europe's progress on climate action. Green Deal 'cannot go back'Ahead of the vote, researchers warned that the outcome of the European elections was likely to put significant pressure on the European Green Deal, the region's showcase carbon neutrality program. Which means [the] Green Deal cannot go back, but we are prepared to give it this additional twist, which is a Green Deal, but taking care of the transitions," Marques told CNBC's Silvia Amaro.

Persons: Emmanuel Macron, —, we're, Eickhout, CNBC's Silvia Amaro, Ricarda Lang, Grünen, Terry Reintke, Omid, Reintke, Pedro Marques, Marques, Jorg Asmussen, Asmussen, CNBC's Annette Weisbach, John Macdougall Organizations: Afp, Getty, European Free Alliance, Greens, EFA, Democracy, European Union, European Conservatives, Social Democrats, Free Democrats, French, Union, Nationalist, Bas Eickhout, Green Party, Green, Green Deal, Socialist, Democrats Group, German Insurance Association Locations: The Hague, Germany, Austria, France, Bas, China, United States, Europe, European, Berlin's Columbiahalle, Denmark, Netherlands, Sweden, Finland, Croatia, Latvia, Slovenia, Lithuania, EU, den Linden, Berlin

☆ Cut off from the West, Putin says almost 40% of Russian trade turnover is now in rubles
▼ + stars: | 2024-06-07 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Russia's President Vladimir Putin gestures as he delivers a speech during the Saint Petersburg International Economic Forum (SPIEF) in Saint Petersburg on June 7, 2024. Russian President Vladimir Putin said Friday that nearly 40% of the country's trade turnover is now in rubles as the share conducted in dollars, euros and other "non-friendly" Western currencies has fallen away. Putin said payments for Russian exports in "so-called 'toxic' currencies of non-friendly states" had halved over the last year. "With that, the share of the ruble in import and export operations is increasing, now standing at almost 40%," Putin said, according to a translation. The West has sought to cut off Russia's $2 trillion economy in response to Moscow's full-scale invasion of Ukraine in February 2022.

Persons: Vladimir Putin, Putin Organizations: Saint Petersburg, Economic, St ., Kremlin, International Monetary Fund, U.S Locations: Saint Petersburg, St, St . Petersburg, Russia, Brazil, India, China, South Africa, Asia, Latin America, Africa, Ukraine, Germany, France, Moscow

☆ World likely to blast beyond grim warming milestone in the next five years, UN weather agency says
▼ + stars: | 2024-06-05 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

That's a stark change from 2015, when the WMO considered the prospect of temporarily overshooting 1.5 degrees Celsius close to zero. The 1.5 degrees Celsius limit is the aspirational target of the landmark Paris Agreement, an international treaty on climate change that was adopted in 2015. Scientists say that exceeding this temperature threshold over the long term will lead to increasingly frequent and catastrophic extreme weather events. António Guterres United Nations Secretary-GeneralEven at current levels of global warming, there are already devastating climate change impacts. Guterres said that the battle to limit long-term temperatures to 1.5 degrees Celsius will be won or lost in the 2020s under the watch of today's world leaders.

Persons: Javier Torres, António Guterres, Guterres, Antonio Guterres, Charly Triballeau, Angelos Tzortzinis Organizations: Afp, Getty, United Nations, World Meteorological Organization, WMO, UN, American Museum of Locations: Quilpue comune, Valparaiso region, Chile, Paris, Russian, New York, Italy, Athens

☆ Australia drops case against Elon Musk's social media platform X over church stabbing footage
▼ + stars: | 2024-06-05 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Australia on Wednesday announced it had dropped its legal battle against Elon Musk's X to have graphic footage of a church stabbing in Sydney removed from the social media platform. The dispute was widely seen as a test case for the Australian government's ability to enforce its online safety standards on the social media giants. Julie Inman-Grant, Commissioner of Australia's online safety regulator, said in a statement that after weighing "multiple considerations," she decided that discontinuing the proceedings would "likely achieve the most positive outcome for the online safety of all Australians, especially children." I stand by my investigators and the decisions eSafety made," Inman-Grant said, referencing Australia's independent regulator for online safety. Last month, the Musk-owned social media platform won a reprieve in Australia when a court refused to extend a temporary order blocking videos of a Sydney church stabbing globally.

Persons: Elon Musk, Tesla, Elon Musk's, Julie Inman, eSafety, Inman, Grant, Musk, Bishop Mar Mari Emmanuel, Australia's Organizations: SpaceX, X Holdings Corp, Milken Institute's Global, Beverly Hilton Hotel, Wednesday, Grant, X's Global Government Affairs Locations: Beverly Hills , California, Australia, Sydney, Australian

☆ Soccer star Mbappe reportedly set to receive bonus of at least $108 million in Real Madrid move
▼ + stars: | 2024-06-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

French soccer star Kylian Mbappe will reportedly receive a signing-on bonus of at least £85 million, or $108.4 million, over the next five years after completing his much-anticipated move to Spanish giant Real Madrid. The 25-year-old World Cup winner is expected to officially join Real Madrid on a free transfer when his contract with Paris Saint-Germain expires at the end of June. A spokesperson for Real Madrid did not immediately respond to CNBC's request for comment. One of the photos showed Mbappe meeting former Real Madrid player and five-time Ballon d'Or winner Cristiano Ronaldo. Confirmation of Mbappe's move to Real Madrid came shortly after the Spanish club won the Champions League final for a record-extending 15th time.

Persons: Kylian Mbappe, Germain, Mbappe, Ballon, Cristiano Ronaldo Organizations: UEFA, Real, Mbappe, Real Madrid, Paris Saint, Media, Sky Sports, BBC, CNBC, Spanish, Champions League, Ligue Locations: Clairefontaine, Yvelines, French, Spanish, Real Madrid, Madrid, Real

☆ Mexico elects Claudia Sheinbaum as the country’s first-ever female president, electoral institute says
▼ + stars: | 2024-06-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Presidential candidate Claudia Sheinbaum of ''Sigamos Haciendo Historia'' coalition waves to supporters during the 2024 closing campaign event at Zocalo on May 29, 2024 in Mexico City, Mexico. Mexico's left-leaning climate scientist Claudia Sheinbaum secured enough votes to become the Latin American country's first-ever female president. The country's electoral institute published a rapid count estimate late Sunday night saying that Sheinbaum had won the presidential election. Sheinbaum has previously worked as a contributing author to a report from the U.N.'s Intergovernmental Panel on Climate Change. Yet, the 61-year-old did not make the climate threats facing Mexico a central part of her campaign.

Persons: Claudia Sheinbaum, Mexico's, Sheinbaum, Xóchitl Gálvez, Andrés Manuel López Obrador, AMLO, Verisk Maplecroft Organizations: American, Mexico City Locations: Zocalo, Mexico City, Mexico, Sheinbaum, Morena

New Japanese 1000 Yen banknote on display inside the Currency Museum of the Bank of Japan's Institute for Monetary and Economic Studies. Data from Japan's Ministry of Finance on Friday confirmed the country's first currency intervention since 2022, after the yen plunged to a 34-year-low in April. The ministry on Friday stated Japan spent 9.7885 trillion yen ($62.25 billion) on currency intervention between April 26 and May 29, according to a Google-translated statement. Japan last intervened to stabilize the currency in October 2022, when the yen fell to lows of around 152 per dollar. Authorities intervened three times that year to stabilize the currency, reportedly spending as much as a combined 9.2 trillion yen over the period.

Persons: Shunichi Suzuki, Suzuki, CNBC's Dan Murphy Organizations: Currency Museum, Bank of Japan's Institute for Monetary, Economic Studies, Japan's Ministry of Finance, U.S, Bank of America Global Research, Bank of Japan, Japanese Finance, Authorities Locations: Japan, London

☆ Ukraine war live updates: Russia says it isn’t bluffing over threats to use nuclear weapons; ‘difficult night’ for Kharkiv
▼ + stars: | 2024-05-31 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

The European Union's upcoming 14th sanctions package against Russia must do more to choke off energy exports and clamp down on circumvention by third parties, an advisor to the office of Ukraine President Volodymyr Zelenskyy told CNBC. Vladyslav Vlasiuk said it was also vital to tighten export controls on critical technologies used within Moscow's military equipment. However, he noted that EU states would need to work more cohesively for sanctions to stand a chance of crossing the line by the end of next month as planned. The EU's special envoy for the implementation of sanctions, David O'Sullivan, was in Kyiv Thursday to discuss the latest sanctions package amid ongoing pushback from member states such as Hungary. Shapoval noted, however, that gas supplies were much more difficult to direct without European infrastructure than, for example, oil.

Persons: Volodymyr Zelenskyy, Vladyslav Vlasiuk, Vlasiuk, David O'Sullivan, Nataliia, Shapoval, — Karen Gilchrist Organizations: CNBC, Kremlin, Russian Sanctions, EU Locations: Russia, Kyiv, Hungary, Belarus, China, India

☆ Ukraine war live updates: Russia says China could hold peace talks; Ukraine thanks Sweden for $1.2 billion in military aid
▼ + stars: | 2024-05-30 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

A dormitory of the Novokramatorsk Machine-Building Plant is heavily damaged by a Russian missile strike on May 29, 2024 in Kramatorsk, Donetsk Oblast, Ukraine. Russian Foreign Minister Sergey Lavrov suggested on Thursday that China could hold peace talks to resolve the Ukrainian crisis, praising Beijing for its "constructive approach." His comments come shortly after Ukrainian President Volodymyr Zelenskyy urged U.S. President Joe Biden to attend a peace summit in Switzerland in mid-June. Meanwhile, Zelenskyy has thanked Sweden for donating a military support package worth 13 billion kronor ($1.2 billion). "Today we are grateful to Sweden: there is a new and very significant military package for our warriors," Zelenskyy said Wednesday during his daily evening address.

Persons: Sergey Lavrov, Lavrov, Rossiya, Volodymyr Zelenskyy, Joe Biden, Zelenskyy Organizations: Russian, Foreign, U.S Locations: Russian, Kramatorsk, Donetsk Oblast, Ukraine, China, Beijing, Switzerland, Sweden

☆ Orange juice prices are going through the roof — forcing some makers to consider alternative fruits
▼ + stars: | 2024-05-30 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Chandan Khanna | Afp | Getty ImagesOrange juice prices have climbed to fresh all-time highs amid persistent supply constraints, pushing the industry into crisis mode and forcing some makers to consider alternative fruits. The benchmark frozen concentrated orange juice futures, traded on the Intercontinental Exchange in New York, closed at $4.77 per pound on Wednesday . Orange juice on display in a grocery store on Jan. 19, 2023, in Miami, Florida. "A lot of them will be changing the quantities of juice they are putting in their blends to drop the orange juice and increase other juices, such as pear juice, apple juice, grape juice, so they are less reliant on the orange juice," Campbell told CNBC via telephone. "It does seem like this [situation] is going to be here for the longer term," he added, noting that some players in the orange juice market had observed a large drop in demand year-over-year.

Persons: Chandan Khanna, That's, Joe Raedle, Harry Campbell, Campbell, Fundecitrus Organizations: Afp, Getty, Intercontinental Exchange, CNBC, Bloomberg Locations: Arcadia , Florida, Florida, Brazil, U.S, New York, Orange, Miami , Florida, Itupeva, Sao Paulo state, Sao Paulo

☆ Argentina’s 'anarcho capitalist' Milei meets with Sam Altman, Tim Cook and Sundar Pichai in a bid to spur investment
▼ + stars: | 2024-05-30 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Argentina's President Javier Milei waves during the commemoration of the 214th anniversary of the May Revolution that led to the independence from Spain, at Plaza San Martin in Cordoba, Argentina, on May 25, 2024. On his seventh overseas trip since taking office late last year, Argentina's Milei traveled to San Francisco late Monday and has since met with OpenAI CEO Sam Altman, Google's Sundar Pichai and Apple CEO Tim Cook. The right-wing leader, and self-described "anarcho capitalist," is scheduled to meet with Meta CEO Mark Zuckerberg before departing from the U.S. on Friday. On a separate trip to the U.S. last month, Milei met with tech billionaire Elon Musk at a Tesla electric car factory in Austin, Texas. The growth of AI data centres will also require significant energy and water resources, of which Argentina has in abundance."

Persons: Javier Milei, Diego Lima, Argentina's Milei, Sam Altman, Google's Sundar Pichai, Tim Cook, Mark Zuckerberg, Milei, Elon Musk, Nicolas Saldias, Saldias, Mariano Machado, Verisk Maplecroft, We're, " Machado, Javier Milei's, Luis Robayo Organizations: Plaza San, Afp, Getty, Apple, Meta, U.S, Analysts, America, Economist Intelligence Unit, CNBC, Americas, Verisk Locations: Spain, Plaza San Martin, Cordoba, Argentina, San Francisco, U.S, Austin , Texas, Olivos, Buenos Aires Province

☆ Georgia president overruled as lawmakers push forward with Russia-style 'foreign agents' law
▼ + stars: | 2024-05-28 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Demonstrators protesting the "foreign influence" law crowd outside the parliament building in central Tbilisi on May 28, 2024. Georgian lawmakers on Tuesday voted to override a presidential veto on a Russia-style "foreign agents" law, pushing forward with legislation that has triggered international condemnation and large-scale protests in the South Caucasus nation. Georgian President Salome Zourabichvili vetoed the controversial legislation on May 18, saying on social media platform X that the "fundamentally Russian" law represents "an obstacle to our European path." Zourabichvili, a critic of the ruling Georgian Dream government, has called for a repeal of the law. Georgian Prime Minister Irakli Kobakhidze has said the bill will create "strong guarantees" to help ensure long-lasting peace in the country.

Persons: Salome Zourabichvili, Irakli Kobakhidze Organizations: Union, NATO, United Nations, EU, Kremlin ., Georgian Locations: Tbilisi, Russia, South Caucasus, The U.S, Georgian, Soviet Union

☆ Russia-Ukraine war live updates: Ukraine’s Kharkiv hit by drones during longest air raid alert of the war; Putin praises Russia-China cooperation
▼ + stars: | 2024-05-17 | by ( Sam Meredith | ) www.cnbc.com time to read: 1 min

Russian forces on Friday continued to attack Ukraine's second-largest city of Kharkiv, according to its regional governor, with Ukrainian forces repelling several ground attacks in the northeastern region. The reported attacks come as Russian forces seek to build on recent gains in the strategically important region. Kharkiv Governor Oleh Syniehubov said in a Google-translated post via Telegram that at least five drone strikes had hit the city overnight. An air raid alert in the city of Kharkiv lasted more than 16-and-a-half hours, Reuters reported, citing Ukraine's public broadcaster Suspilne. It marked the longest recorded air alert since Russia launched its full-scale invasion of Ukraine in February 2022.

Persons: Ukraine's, Oleh Syniehubov Organizations: Kharkiv, CNBC, Reuters, Suspilne, Russia Locations: Kharkiv, Ukraine

☆ Gold, silver and platinum's red-hot rally still has further to go, strategists say
▼ + stars: | 2024-05-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Gold and silver bars of various sizes lie in a safe on a table at the precious metals dealer Pro Aurum in Munich. Gold, silver and platinum prices have been on a tear so far this year, and strategists say the precious metals could continue to hit fresh record highs over the coming months. Spot silver prices, meanwhile, traded 0.5% lower at around $29.54 per ounce. Strategists at Saxo Bank said in a recent research note that gold prices could soon test the $2,400 level, silver may climb as high as $30, while platinum has upside potential to reach $1,130. The Danish bank said Wednesday that its "year of the metals" theme had continued to gather momentum in recent weeks, citing its preference for gold, silver and copper.

Organizations: Aurum, Federal Reserve, Saxo Bank Locations: Munich, London, Danish

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