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☆ Fire engulfs Denmark’s historic stock exchange building, iconic spire collapses
▼ + stars: | 2024-04-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

The tower of the historic Boersen stock exchange collapses as the building is on fire in central Copenhagen, Denmark on April 16, 2024. A fire broke out on Tuesday at Denmark's 400-year-old historic stock exchange building, engulfing its iconic dragon-tail spire which collapsed onto the roof. Videos and images from the scene on Tuesday morning showed a violent fire engulfing the stock exchange building, or Boersen, which had been undergoing renovation work. "Terrible pictures from the Stock Exchange. "An iconic building that means a lot to all of us, I think."

Persons: Troels Lund Poulsen, Poulsen Organizations: Reuters, Notre, Dame Cathedral, Denmark's, Stock Exchange Locations: Copenhagen, Denmark, Paris

☆ Lagarde says ECB will cut rates soon, barring any major surprises; notes 'extremely attentive' to oil
▼ + stars: | 2024-04-16 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

European Central Bank President Christine Lagarde on Tuesday said the central bank remains on course to cut interest rates in the near term, subject to any major shocks. Lagarde said the ECB would monitor oil prices "very closely" amid elevated fears of a spillover conflict in the Middle East. However, since Iran's unprecedented air attack on Israel over the weekend, she said the oil price reaction had been "relatively moderate." Her comments come shortly after the central bank gave its clearest indication to date that it could start cutting interest rates during its June meeting. The ECB on Thursday held interest rates steady at a record high for the fifth consecutive meeting, but signaled that cooling inflation means it could begin trimming soon.

Persons: Christine Lagarde, Lagarde, CNBC's Sara Eisen Organizations: European Central Bank, ECB Locations: Israel

☆ World leaders call for restraint in the aftermath of Iran’s unprecedented air attack against Israel
▼ + stars: | 2024-04-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +7 min

Anadolu | Anadolu | Getty ImagesWorld leaders have called for calm in the aftermath of Iran's large-scale air attacks on Israel on Saturday, with many expressing deep concern over the prospect of a broader regional conflict. Ahead of a war cabinet meeting on Monday, Israel has pledged to "exact a price" from Iran in response to the Saturday attack. watch nowU.S. President Joe Biden on Saturday said that he condemned "in the strongest possible terms" Iran's unprecedented air attack against military facilities in Israel. 'No one wants to see more bloodshed'European leaders castigated Iran's attack against Israel and vowed to work to de-escalate the situation. France and the U.K. intercepted some of Iran's strikes on Israel on Saturday.

Persons: Israel, Joe Biden, Biden, Benjamin Netanyahu, Iran's, Emmanuel Macron, Rishi Sunak, Annalena Baerbock, Baerbock, Sunak, Yoko Kamikawa, Kamikawa, Gustavo Petro, Petro, Nicolas Maduro Organizations: Anadolu, Getty, CNBC, NBC News, Downing, German, NBC, Israel, Saudi Arabia's Foreign, United Nations Security Council, Sunday, UN, UNRWA, Kyodo, Japan's, United Nations, Colombia's, Bloomberg Locations: Israel, Tehran, Iran, Syria, Gaza, Syrian, Damascus, France, London, England, Germany, East, North Africa, Saudi, Egypt, Asia, China, Beijing, Palestine, Tokyo, Japan, South America, U.S, Miraflores, Caracas, Venezuela

☆ European markets set to open higher; UK GDP grows 0.1% in February
▼ + stars: | 2024-04-12 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

The U.K.'s FTSE 100 index is expected to open 31 points higher at 7,949, Germany's DAX up more than 100 points at 18,051, France's CAC 47 points higher at 8,064 and Italy's FTSE MIB 150 points higher at 33,212, according to data from IG. European markets are set to open higher on Friday morning as investors parse through U.K. economic data and reflect on a somewhat murky U.S. inflation outlook. The market moves come after the pan-European Stoxx 600 index closed lower in the previous session. Stateside, investors digested fresh inflation data in search of clues on exactly when the U.S. central bank may start cutting interest rates. In Europe, Britain's economic output increased by 0.1% in monthly terms in February, in line with expectations, according to figures published Friday by the Office for National Statistics.

Persons: Germany's DAX, Dow Jones Organizations: CAC, IG, European Central Bank, U.S, U.S . Federal, Labor Department's Bureau of Labor Statistics, Dow, Office, National Statistics Locations: U.S ., U.S, Europe

☆ IEA downgrades oil demand growth forecast as prices heat up on elevated Middle East tensions
▼ + stars: | 2024-04-12 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

The International Energy Agency on Friday downgraded its forecast for 2024 oil demand growth, citing "exceptionally weak" OECD deliveries, a largely complete post-Covid-19 rebound and an expanding electric vehicle fleet. In its latest monthly oil market report, the IEA said it had revised down its 2024 oil demand growth forecast by around 100,000 barrels per day (bpd) to 1.2 million bpd. The IEA's report comes amid a rebound in oil prices on elevated Middle East tensions, with energy market participants closely monitoring the prospect of supply disruptions from the oil-producing region. Asked about some of the main concerns relating to oil supply security, Bosoni replied, "We are watching, obviously, the Middle East very closely. "So, there are several tension points in the oil market today that we're watching very closely that could have major impacts ... if there would be any significant outages," she added.

Persons: CNBC's, Bosoni Organizations: The International Energy Agency, Organization of, Petroleum, Brent, U.S, West Texas Locations: Monahans , Texas, Iran, Israel, Syrian, Damascus, London, China, Europe, United States, Russia, Ukraine

☆ Goldman still expects U.S. inflation to fall significantly as markets alarmed by recent rise
▼ + stars: | 2024-04-11 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Goldman Sachs still expects stubbornly high U.S. inflation to ease over the coming months, despite investors slashing bets for Federal Reserve interest rate cuts, after yet another print showed that consumer prices remain sticky. The CPI, a broad measure of goods and services costs across the economy, rose 0.4% for the month, putting the 12-month inflation rate at 3.5%. In the Goldman Sachs view, the U.S. CPI will fall back to 2.4% this year, down from the current annualized rate of 3.5%. We obviously have oil prices currently going up, and that's certainly something that has been a bit stronger than what we initially anticipated," Mueller-Glissmann said. He added that the inflationary impact of rising oil prices will likely be limited, because the bank expects that the Organization of the Petroleum Exporting Countries will eventually bring spare capacity online.

Persons: Goldman Sachs, Christian Mueller, Glissmann, CNBC's, Mueller Organizations: Federal Reserve, Labor Department's Bureau of Labor Statistics, U.S, CPI, of, Petroleum Locations: U.S, penciling

☆ Copper prices climb to 2024 high as Citi calls the start of the metal's second bull market this century
▼ + stars: | 2024-04-10 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Soaring copper prices show no signs of slowing down, analysts say, with the red metal's rally fueled by supply risks and improving demand prospects for energy transition metals. Copper prices with May delivery traded at $4.323 per pound in New York as of Wednesday morning, extending gains after settling at its highest level since June 2022 in the previous session. Copper briefly hit a high of $4.334 in intraday trading on Tuesday, reflecting its highest level since the middle of January last year. Three-month copper prices on the London Metal Exchange traded 0.6% higher at $9,477 per metric ton. Wall Street banks are bullish on the outlook for copper prices through to the end of the year.

Organizations: Mopani Copper Mines, London Metal Exchange, Citi Locations: Mufulira, Zambia, New York, —

☆ An extraordinary run of record heat could usher in a long, hot summer — ‘and not in a good way’
▼ + stars: | 2024-04-09 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Scientists on Tuesday confirmed that last month was the hottest March on record, extending an extraordinary run of global heat that has renewed calls for an urgent reduction in planet-warming greenhouse gas emissions. The record-breaking run stretches back to June last year. "The global average temperature is the highest on record, with the past 12 months being 1.58°C above pre-industrial levels. Chloe Brimicombe, a climate researcher at Austria's University of Graz, told CNBC that yet another month of record-breaking global heat was due to human-caused climate change. "It could be one very long hot summer and not in a good way."

Persons: Samantha Burgess, C3S, Chloe Brimicombe, We've, Brimicombe Organizations: Austria's University of Graz, CNBC, Southern Hemisphere Locations: Central Europe, Europe

☆ A landmark ruling in Europe's top rights court delivers a watershed moment for climate litigation
▼ + stars: | 2024-04-09 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Europe's top human rights court on Tuesday ruled in favor of more than 2,000 elderly Swiss women who argued that their government's efforts to tackle the climate crisis were insufficient to protect them from more frequent and intense heat waves. The European Court of Human Right's (ECHR) decision was hailed by campaigners as a ground-breaking moment that could serve as a blueprint for other climate litigation cases argued on human rights grounds. The impact of the decision is expected to be felt far beyond Europe's borders. The decision could compel the Swiss government to revise its climate policies, including upgrading its near-term emissions reductions targets to align with the landmark Paris Agreement. "This result from one of the world's highest courts sends a clear message: governments must take real action on emissions to safeguard the human rights of their citizens."

Persons: Vesselina Newman, ClientEarth Organizations: Swiss, Protection, European, of Human Rights Locations: Strasbourg, France, Europe's, Swiss, Paris

☆ Gold looks 'very vulnerable' to a setback, veteran advisor says, after prices hit record high
▼ + stars: | 2024-04-08 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Gold prices on Monday extended their record-breaking run, notching another all-time high amid robust U.S. economic data and elevated geopolitical tensions. Spot gold prices stood mixed to trade at $2,327 per ounce at around 1:45 p.m. London time, after briefly hitting a fresh record of $2,372.5 earlier in the session. But not everyone is convinced gold prices will continue to rally. Investors are looking at the underperformance of gold and therefore increasing exposure to gold. Related to that is actually the gold-bitcoin correlation — and one can get into a debate about whether that's meaningful or not — but the reality is there is a correlation between bitcoin and gold," Parker said.

Persons: Bob Parker, CNBC's, Parker Organizations: Citi, Capital Markets Association Locations: London, Ukraine, Gaza

☆ Fed's Kashkari raises prospect of zero rate cuts — but Goldman says that would be 'very surprising'
▼ + stars: | 2024-04-05 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Goldman Sachs Chief Economist Jan Hatzius on Friday said he still expects the Federal Reserve to implement three interest rate cuts, adding that he would be "very surprised" if the U.S. central bank ultimately decided no trims at all were necessary. His comments come shortly after Minneapolis Fed President Neel Kashkari became the latest high-profile official to float the possibility of zero rate cuts before the year's end, if inflation remained sticky. "If we continue to see inflation moving sideways, then that would make me question whether we need to do those rate cuts at all," Kashkari said on Thursday during an interview with Pensions & Investments. Separately, Fed Chair Jerome Powell said earlier in the week that it would take a while for policymakers to evaluate the current state of inflation, leaving the timing of potential interest rate cuts uncertain. Speaking to CNBC's Steve Sedgwick on the sidelines of the Ambrosetti Forum on Friday, Goldman Sachs' Hatzius said he was bullish on the outlook for the U.S. economy.

Persons: Goldman, Jan Hatzius, Neel Kashkari, Kashkari, Jerome Powell, Steve Sedgwick, Goldman Sachs, Hatzius, I'm, we've Organizations: Reserve, Minneapolis, Pensions, Investments Locations: U.S

☆ Cocoa and coffee prices have soared to record highs — and Citi says there may still be room to run
▼ + stars: | 2024-04-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Citi says a record-breaking rally for cocoa and coffee prices could yet have further room to run, citing adverse weather conditions and demand expectations. In New York, benchmark ICE cocoa futures traded 1.6% lower at $9,370 per metric ton on Thursday. Citi expects cocoa trading to stabilize in a range between $9,000 to $10,000 per metric ton over the next three to four weeks. Citi said cocoa grindings, which result from bean processing and are a measure of demand, will be one key factor likely to determine whether prices have any further upside. Overall, Citi says it remains "mildly bearish" on cocoa prices through to year-end and more so in the 2025 calendar year.

Organizations: Citi Locations: New York, London

☆ 10-year Treasury yield slightly higher as investors await Fed speeches, economic data
▼ + stars: | 2024-04-04 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

The 2-year Treasury note yield traded marginally higher at 4.685%. The 10-year Treasury yield was slightly higher on Thursday as investors closely monitored speeches from a host of Federal Reserve officials and awaited the release of key economic data. It comes as market participants continue to keep track of comments from Fed officials and await the release of the U.S. jobs report on Friday. A flurry of Fed speeches are also scheduled to take place. Philadelphia Fed President Patrick Harker, Richmond Fed President Tom Barkin and Minneapolis Fed President Neel Kashkari are just some of the officials poised to deliver comments on the outlook for the U.S. economy.

Persons: Jerome Powell, Powell, Patrick Harker, Tom Barkin, Neel Kashkari, —, Jeff Cox Organizations: Federal Reserve, Stanford University, Traders, Philadelphia Fed, Richmond Fed, Minneapolis Fed Locations: U.S, Richmond

☆ 10-year Treasury yield edges higher as investors await economic data
▼ + stars: | 2024-04-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Yields and prices move in opposite directions, and one basis point equals 0.01%. The 2-year Treasury note yield was up around 1 basis point at 4.709%. The 10-year Treasury note briefly broke above 4.4% in intraday trade on Tuesday to notch its highest level since late November. The 10-year Treasury note yield moved higher on Wednesday, building on gains from the previous session as investors await the release of further U.S. economic data. The market moves come as investors track economic data and closely monitor clues from Fed policymakers about the expected number of interest rate cuts in 2024.

Persons: Loretta Mester, Mary Daly, —, Jeff Cox Organizations: Treasury, Traders, Cleveland Federal, San Francisco Fed, PMI, Institute for Supply Management Locations: U.S

☆ Hungary’s Orban, a long-time Trump ally, rocked by major scandals ahead of European elections
▼ + stars: | 2024-04-03 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Hungary's Prime Minister Viktor Orban arrives to attend a European Council summit at the EU headquarters in Brussels on March 21, 2024. Sameer Al-doumy | Afp | Getty ImagesHungarian Prime Minister Viktor Orban has run into political trouble ahead of European parliamentary elections in June, with his ruling party shaken by two political scandals within six weeks. Orban is a long-time ally of former U.S. President Donald Trump and widely seen as Russian President Vladimir Putin's closest supporter in the European Union. The right-wing leader has led the central European country since 2010, making him the EU's longest-serving head of state. Yet two major scandals have recently rocked his dominance of Budapest's political landscape at a sensitive time when Hungary is poised to hold both local and European elections in early June.

Persons: Viktor Orban, Sameer Al, Orban, Donald Trump, Vladimir Putin's, Peter Magyar, Janos Kummer, Zsuzsanna Vegh, Vegh, Magyar, Judit Varga —, Katalin Novak, Novak, Varga, William Shakespeare Organizations: Hungary's, EU, Afp, Getty, Hungarian, European Union, Eurasia Group, Fidesz, German Marshall Fund of, CNBC, Facebook, YouTube, Reuters, Lawyer Locations: Brussels, doumy, Hungary, Budapest, United States, Hungarian

☆ Oil prices climb to five-month high on escalating Middle East tensions and fresh supply threats
▼ + stars: | 2024-04-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

A flare stack burns beyond oil storage tanks at the Taneco Oil Refining and Petrochemical complex, operated by Tatneft PJSC, in Nizhnekamsk, Tatarstan, Russia, on Tuesday, March 5, 2019. Oil prices on Tuesday rose to their highest level since October as investors closely monitored fresh supply threats amid an escalating conflict in the Middle East and a Ukrainian drone strike on a major Russian oil refinery. International benchmark Brent crude futures for June delivery traded at $88.58 per barrel at 1:15 p.m. London time, up $1.2 per barrel from the previous session. U.S. West Texas Intermediate (WTI) futures with May expiry stood at $84.97 per barrel, roughly $1.3 per barrel higher. PVM's Varga warned that the potential for direct Iranian involvement in the Israel-Hamas war could spark a "region-wide conflict with plausible impact on oil supply."

Persons: Tatneft PJSC, Brent, Tamas Varga, Israel, PVM's Varga, Rustam Minnikhanov, Minnikhanov, Russia —, — CNBC's Elliot Smith Organizations: Oil Refining, Petrochemical, Brent, . West Texas, Sky News, Organization of, Petroleum Locations: Nizhnekamsk, Tatarstan, Russia, Ukrainian, London, haven't, Iran, Syrian, Damascus, Tehran, Israel, Ukraine, Moscow, OPEC

☆ 10-year Treasury yield rises slightly as bets on June rate cuts cool down
▼ + stars: | 2024-04-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

The 2-year Treasury note yield was flat at 4.712%. The 10-year Treasury note yield rose slightly Tuesday, adding to its gains from the previous session, as traders reassessed the possibility of the Federal Reserve cutting rates in June. The ISM manufacturing index rose to 50.3, up from 47.8 in February and significantly better than the 48.1 Dow Jones consensus estimate. Markets interpreted the unexpected return of U.S. manufacturing growth "as reducing the chances of meaningful Fed rate cuts," Dutch bank ING said in a research note. The Fed also said at the time that it still expects three quarter-percentage point cuts by the end of the year.

Persons: Gregory Faranello, Jeff Cox, Fred Imbert Organizations: Federal Reserve, Dow Jones, ING, AmeriVet Securities Locations: U.S

☆ From Miami to Melbourne, a quiet revolution is underway to fend off a silent and invisible killer
▼ + stars: | 2024-04-02 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +7 min

Javier Torres | Afp | Getty ImagesA quiet revolution is underway to address a widely underestimated climate challenge: extreme heat. Myrivili said she believes that extreme heat is often overlooked because it lacks the visible drama of roofs being ripped from homes or streets being turned into rivers. Most people wouldn't know that in Australia, extreme heat kills more people than bushfires and floods and storms. Tiffany Crawford Co-chief heat officer of Melbourne, AustraliaThe CDC defines extreme heat as summertime temperatures that are significantly hotter and/or more humid than average. Melbourne, AustraliaTiffany Crawford, co-CHO of Melbourne, told CNBC that extreme heat kills more people in Australia than bushfires, floods and storms.

Persons: Javier Torres, Eleni Myrivili, CHO, Myrivili, Tiffany Crawford Co, Jane Gilbert, We've, Gilbert, Giorgio Viera, Afreen, Dhaka North's CHO, Bushra, Australia Tiffany Crawford, Crawford, Krista Milne, Diego Fedele Organizations: Afp, Getty, CNBC, Centers for Disease Control, CDC, Dade, Dhaka North, Dhaka North's, Nurphoto, Environmental, Station Locations: Quilpue comune, Valparaiso region, Chile, Athens, U.S, Australia, Melbourne, Miami, Miami , Florida, Dhaka, Bangladesh, Australian

☆ Don't sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
▼ + stars: | 2024-03-28 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +4 min

Federal Reserve Bank Chair Jerome Powell speaks during a news conference at the bank's William McChesney Martin building on March 20, 2024 in Washington, DC. His comments come as investors await the release of further U.S. economic data and closely monitor clues from Fed officials about the expected number of interest rate cuts in 2024. Asked on Thursday about the likelihood of one or no Fed interest rate cuts this year, Blitz said that it's "getting pretty good. Blitz said markets will likely continue to march higher, even if the Fed decides not to impose any interest rate cuts this year — a prospect that U.S. asset manager Vanguard named as their base-case scenario. Christopher Waller, governor of the US Federal Reserve, during a Fed Listens event in Washington, DC, US, on Friday, March 22, 2024.

Persons: Jerome Powell, William McChesney Martin, Chip Somodevilla, Steven Blitz, Blitz, They're, CNBC's, it's, Christopher Waller, Waller, Raphael Bostic, Jerome, Powell Organizations: Bank, Getty, Federal Reserve, TS Lombard, Traders, Fed, Vanguard, Economic, of New, Atlanta Federal Reserve, US Federal Reserve, Bloomberg Locations: Washington ,, U.S, of New York, Atlanta, Washington , DC

☆ Here's what we know about the Singapore-flagged container ship that hit the Baltimore bridge
▼ + stars: | 2024-03-27 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

The Key Bridge was hit by a ship and collapsed on March 26, 2024. The incident, which has wreaked havoc at one of the country's busiest ports and sparked fears about supply chain disruption, has raised questions about the Singapore-flagged container ship involved. In an aerial view, cargo ship Dali is seen after running into and collapsing the Francis Scott Key Bridge on March 26, 2024 in Baltimore, Maryland. Tasos Katopodis | Getty ImagesHowever, Singapore's port authority on Wednesday said that the container ship had passed overseas inspections and carried certificates to cover its structural integrity and functionality at the time of the Baltimore bridge incident. In the June inspection, the container ship was found to have had a faulty monitor gauge for fuel pressure, but this was fixed before the vessel departed the port.

Persons: Francis, Dali, Wes Moore, Moore, Francis Scott Key, Tasos Katopodis Organizations: Washington Post, The Washington Post, Getty, Bridge, Maryland, NBC, Francis Scott Key Bridge, Port Authority Locations: Baltimore, Patapsco, Singapore, Sri Lanka, Belgium's Port of Antwerp, Europe, San Antonio, Chile, Baltimore , Maryland

☆ A global gold rush for buried hydrogen is underway — as hype builds over its clean energy potential
▼ + stars: | 2024-03-26 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Geologic hydrogen, sometimes referred to as white, gold or natural hydrogen, refers to hydrogen gas that is found in its natural form beneath Earth's surface. Last year, researchers found what may be the world's largest geologic hydrogen deposit to date in France's eastern Lorraine region. The unexpected discovery further boosted interest in its clean energy potential. Some have expressed skepticism about the clean energy potential of natural hydrogen. Grey hydrogen — produced using natural gas and the most common form of hydrogen production — leads to large greenhouse gas emissions.

Persons: Alex Halada, Le, Canada's Hydroma, Ousmane Makaveli, Geoffrey Ellis, Ellis, we've, Minh, Energy's Le, Ana Maria Jaller, Makarewicz, Sebastien Salom Organizations: Geological Agency of, Ministry of Energy, Mineral Resources, Nurphoto, Afp, Getty, Research, Rystad Energy, CNBC, Energy Resources Program, . Geological Survey, U.S . Department of Energy, Institute for Energy Economics, videoconference, Carbon Trust Locations: Pute Jaya, Morowali Regency, Central Sulawesi Province, Indonesia, U.S, Canada, Australia, France, Spain, Colombia, South Korea, Gampern, Upper Austria, Mali's, Bamako, Malian, Bourakébougou, France's, Lorraine, Niger, Mali, gomis

☆ WikiLeaks founder Julian Assange will not be immediately extradited to the U.S., British court rules
▼ + stars: | 2024-03-26 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

WikiLeaks founder Julian Assange on Tuesday was granted permission by a U.K. court to appeal his extradition to the U.S., where he is wanted on spying charges. Assange will therefore not be extradited immediately, the court said. A further hearing on May 20 will determine whether the assurances provided are satisfactory, the court said. Assange is wanted in the U.S. on 18 charges, including 17 under the Espionage Act and one under the Computer Fraud and Abuse Act. He faces up to 175 years in prison after WikiLeaks published hundreds of thousands of leaked confidential military files and diplomatic documents related to the Afghanistan and Iraq wars.

Persons: Julian Assange, Assange Organizations: Royal, of Justice, Constitution, Computer, WikiLeaks Locations: U.S, London, Ecuadorian, Belmarsh, Afghanistan, Iraq

☆ World's first-ever global emissions tax takes a step closer to reality
▼ + stars: | 2024-03-22 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Countries at the meeting of the United Nations' International Maritime Organization in London signed a deal for shipping emissions to reach net zero "by or around" 2050. Ucg | Universal Images Group | Getty ImagesTwo weeks of talks at the United Nations shipping agency concluded in London on Friday, with a clear majority of countries emerging in favor of introducing the world's first-ever global emissions levy. The UN is on the edge of adopting the world's first-ever global emissions price, but the policy will only be as successful as countries make it to be. "The UN is on the edge of adopting the world's first-ever global emissions price, but the policy will only be as successful as countries make it to be," said Sandra Chiri, shipping emissions international outreach manager at the Ocean Conservancy, a U.S.-based advocacy group. Other proposals include a push to combine a price on shipping emissions with an international emissions standard for maritime fuel.

Persons: Sandra Chiri, Chiri, Gregor Fischer Organizations: United Nations, International Maritime Organization, Ucg, Getty, UN, Ocean, Ocean Conservancy, EU, Marshall Locations: London, Caribbean, U.S, Pacific, Africa, Canada, decarbonize, Fiji, Marshall Islands, Vanuatu, Barbados, Jamaica, Grenada, Belize

☆ Big Oil’s green-bashing stokes backlash as campaigners hit out at 'talking points from the 1970s'
▼ + stars: | 2024-03-20 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

Aramco and Saudi ministry officials have previously advocated for ongoing investment in hydrocarbons to avoid energy shortages until renewables can fully meet global energy demands. Nasser's comments drew applause from the audience at CERAWeek — an annual energy conference by S&P Global that's known as the "industry's Super Bowl." Other oil and gas executives at the event echoed Nasser's views, but spoke less directly about the state of the energy transition. Separately, Exxon Mobil CEO Darren Woods on Monday said that demand for petroleum products is "still very, very healthy." And the impact that price has on demand," Woods told CNBC's "Squawk on the Street."

Persons: Amin Nasser, Nasser's, Wael Sawan, Darren Woods, hasn't, Woods, CNBC's Organizations: Aramco, Saudi, Shell, Reuters, Exxon Mobil Locations: Houston , Texas, Saudi Aramco, Europe

☆ Earth on the brink of key warming threshold after year of ‘chart-busting’ extremes, researchers say
▼ + stars: | 2024-03-19 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

A wind change increased flames during a planned ignition on the Ross Moore Lake wildfire in Kamloops, British Columbia, Canada, on July 28, 2023. A series of climate records last year gave new meaning to the phrase "off the charts," the U.N.'s weather agency said on Tuesday, warning that the planet is now on the brink of surpassing a key warming threshold. It confirmed 2023 as the hottest year on record and said the period from 2014 to 2023 also reflected the hottest 10-year period on record. The global average temperature in 2023 stood at 1.45 degrees Celsius above pre-industrial levels, researchers said, marginally below the key warming threshold of 1.5 degrees Celsius. The 1.5 degrees Celsius level is widely recognized as an indicator of when climate impacts become increasingly harmful to people and the planet, as outlined in the landmark Paris Agreement.

Persons: Ross Organizations: State, World Meteorological Organization, WMO Locations: Kamloops , British Columbia, Canada, Paris

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