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Spain's Ministry of Consumer Rights on Friday slapped a $179 million euro ($186 million) fine on five low-budget airlines for "abusive practices" including charging additional cabin luggage fees. Spanish low-cost airline Vueling was ordered to pay 39.2 million euros and EasyJet was fined 29 million euros. Scandinavia's second-largest airline Norwegian and Spanish airline Volotea each received penalties in excess of 1 million euros. The five airlines should discontinue their practice of requiring additional payment for cabin luggage and reserving a seat near a dependent traveler, the ministry said. "We completely disagree with the decision of the Spanish Consumer Ministry and find the proposed sanctions outrageous," an EasyJet statement said, stressing it considers its cabin luggage policy to be aligned with all applicable laws.
Persons: Vueling, EasyJet, Javier Gandara, Michael O'Leary Organizations: Ministry of Consumer Rights, Ryanair, Spanish, Spain's Association of Airlines, CNBC, Ministry of Consumer, ALA, Spain's Consumer Affairs Ministry, Governments, Spanish Consumer Ministry, Boeing, International Air Transport Association Locations: Spain, Europe
AdvertisementRussia has sent North Korea 1 million barrels of oil since March, according to satellite imagery analysis. An analysis of satellite images shows Russia defying sanctions to supply North Korea with at least one million barrels of oil this year, according to a new report. In the imagery, vessels would set out from North Korea riding high in the water, but on their return would appear fully laden, the group said. In this image marked up by the Open Source Centre, the Yu Son was deemed to be carrying oil to North Korea. The new findings also give further insight into the continued material exchanges between Russia and North Korea.
Persons: Yu Son, Yu, David Lammy, Ursula Hyzy, Vostochny, Kim Jong Un, Vladimir Putin, Kim, hasn't, Joseph Byrne, Kim it's, Joseph S, Bermudez Jr Organizations: North, BBC, Canadian Armed Forces, UN, UN Security, Getty, Reuters, Carnegie Endowment, Center for Strategic, International Studies Locations: Russia, North Korea, Korea, Ukraine, Vostochny, AFP
Roughly half (51%) of Democrats and independents who lean toward the party say they’re optimistic, while 49% say that they’re pessimistic about its future. By contrast, 86% of Republican-aligned adults now call themselves optimistic about the GOP’s future, up from 65% who said the same two years ago. Roughly 8 in 10 said they were optimistic following Trump’s 2016 election and the 2018 midterms, with 74% calling themselves optimistic after Biden’s 2020 victory. Fewer express confidence in Trump to make good decisions on abortion policy (45%) or to bring the country closer together (41%). The Pew Research Center poll surveyed 9,609 US adults from November 12-17, using a nationally representative online panel.
Persons: they’ve, Donald Trump, Trump’s, Joe Biden’s, Pew, , Trump, they’re Organizations: CNN, Pew Research Center, Democratic, Republican, Republican Party, Democratic Party, GOP Locations: Trump
“You can just tell by the nominees for cabinet positions and agency heads that this will be an administration of retribution,” Baron added. Trump’s impending return to power was a theme of the conversations at the Committee to Protect Journalists gala. Attendees discussed the need to report without fear or favor, to be open-minded but clear-eyed about what actions the Trump administration might take, and to avoid fearmongering but to consider a range of possibilities. Here are some of the specific concerns that have arisen among members of the media:In the second Trump term, legal threats and frivolous lawsuits could pile up, costing newsrooms money and time. The Trump administration could reinstate the Justice Department’s past practice of pursuing reporters’ records in leak investigations.
Persons: Joe Scarborough, Mika Brzezinski’s, Donald Trump, Brzezinski, Trump, Joe ”, Marty Baron, ” Baron, Jodie Ginsberg, they’re, newsrooms, Trump’s, Jessica Lessin, , it’s, ” Lessin, Jacob Weisberg, Matt Egan, ” Poynter, Kelly McBride, , leakers, nix, CNN’s Liam Reilly Organizations: New, New York CNN, MSNBC, Scarborough, Washington Post, , Protect Journalists, Committee, Newsroom, “ Journalists, Trump, Media, TV, Nonprofit, Social, Republicans Locations: New York, Mar
Hong Kong CNN —In the summer of 2018, when former President Donald Trump launched a trade war with Beijing, the Chinese economy was riding high. There was even talk it could soon overtake the United States as the world’s largest. But last year, Mexico overtook China as the top exporter of goods into the United States, according to the Commerce Department. China had held that perch for 20 years before its exports to the United States fell by 20% to $427 billion last year. Women walk at a fashion accessories store displaying a poster to promote Singles' Day discounts at a shopping mall in Beijing, China, on November 11, 2024.
Persons: Donald Trump, Trump, , Dexter Roberts, Joe Biden, Matthews, Wang Shouwen, ” Andy Rothman, , Liza Tobin, Calvin Klein, Tommy Hilfiger, Beijing’s, don’t, Sean Callow, Callow, Andy Wong, Rothman, Xi Jinping, Larry Hu Organizations: Hong Kong CNN —, Trump, Atlantic Council, Commerce Department, Matthews Asia, Treasury, CNN, PVH Corp, Bain & Company, ITC Markets, US, Peterson Institute, National Bureau of Statistics, Gross, Macquarie Bank Locations: China, Hong Kong, Beijing, United States, Mexico, Lianyungang, US, Xinjiang, , Shanghai, New York,
The revelations highlight the rising cyberthreats tied to geopolitics and nation-state actor rivals of the U.S., but inside the federal government, there's disagreement on how to fight back, with some advocates calling for the creation of an independent federal U.S. Cyber Force. Talent shortages, inconsistent training, and misaligned missions, are undermining CYBERCOM's capacity to respond effectively to complex cyber threats, it says. Known for his assertive national security measures, Trump's 2018 National Cyber Strategy emphasized embedding cyber capabilities across all elements of national power and focusing on cross-departmental coordination and public-private partnerships rather than creating a standalone cyber entity. Austin Berglas, a former head of the FBI's cyber program in New York who worked on consolidation efforts inside the Bureau, believes a separate cyber force could enhance U.S. capabilities by centralizing resources and priorities. "When I first took over the [FBI] cyber program … the assets were scattered," said Berglas, who is now the global head of professional services at supply chain cyber defense company BlueVoyant.
Persons: Ronald Reagan, Donald Trump, J.D, Vance, Mark Warner of Virginia, Paul Nakasone, Nakasone, Trump, Kristi Noem, Jen, John Cohen, Cohen, Austin Berglas, Berglas Organizations: Ronald Reagan Washington National Airport, Pentagon, U.S . Department of Defense, Senate Intelligence, New York Times, U.S . Cyber Force, Department of Defense, Foundation for Defense of Democracies, U.S . Cyber Command, Army, Navy, Air Force, Cyber Command, Department of Homeland Security, of Defense, of Homeland Security, Trump, Energy Department, Infrastructure Security Agency, Command, U.S, Center for Internet Security, CYBERCOM, Mission Force, Force Locations: ARLINGTON, VIRGINIA, Ronald Reagan Washington, Arlington , Virginia, China, U.S, America, Dakota, stovepipes, Russia, New York, Iran, North Korea
We continue our series covering the first day at America's military colleges and academies with Norwich University in Vermont. The oldest of all of the private US senior military colleges, Norwich University predates Virginia Military Institute and The Citadel and is credited as the birthplace of the military's Reserve Officers' Training Corps, or ROTC. While about half of the university's students matriculate as civilians, the other half enlist in the Corps of Cadets, which follows a strict military training regimen. On day zero, incoming freshmen, known as "rooks" (short for "recruits"), say goodbye to their families before being indoctrinated by upperclassmen, known as cadre, into the lifestyle of a Norwich cadet.
Organizations: Norwich University in, Norwich University, Virginia Military Institute, The, military's, Training Corps, Corps, Cadets Locations: Norwich University in Vermont, Norwich
The 2-year Treasury yield was last trading at 4.3345% after dipping by more than one basis point. U.S. Treasury yields were lower Friday as investors weighed mixed economic data and assessed the state of the economy. Investors considered the current state and outlook for the U.S. economy after Thursday brought a series of mixed data points. Investors also assessed the latest comments from Federal Reserve officials, scanning them for hints about whether a third back-to-back interest rate cut could be announced when policymakers meet again next month. Chicago Federal Reserve President Austan Goolsbee on Thursday indicated that he saw the need for more rate cuts ahead, but cautioned that the pace of reductions could slow.
Persons: Austan Goolsbee, Michelle Bowman Organizations: Treasury, Investors, Wall Street, Philadelphia Federal Reserve, P Global, Federal Reserve, Chicago Federal Locations: U.S
While Wall Street is confident that there will be a continued boom under Trump, UBS GWM is less sure. "AI infrastructure spending remains robust, and we expect key semiconductor components needed for AI to remain supply constrained in 2025, supporting pricing," UBS GWM strategists wrote. "We believe investment-grade bonds offer attractive yields and expect mid-single-digit returns in US dollar terms," UBS GWM strategists wrote. "In 2025, we believe gold will remain an effective hedge against key political concerns, including government debt levels, inflation, or geopolitical tensions," UBS GWM strategists wrote. Residential and commercial properties both make sense, though UBS GWM specifically cited property types like logistics, data centers, and multifamily housing.
Persons: Donald Trump, Mark Haefele, UBS GWM, Haefele Organizations: UBS Global Wealth Management, UBS GWM, Trump, UBS, Technology, Utilities Locations: Japan
‘Weight of the World’Producer/Director Esther Dere and Nicole RittenmeyerCo-Producer Leah VarjacquesProducer/Reporter Dani BlumProducer Rachel AbramsWatch our new documentary on FX and Hulu starting Friday, Nov. 22, at 10 p.m. Eastern. The ascent of GLP-1 medications, such as Ozempic, has brought about a transformation within the weight-loss industry and beyond, reshaping societal views on health and body image. Originally developed to manage diabetes, these drugs have become associated with rapid weight reduction, capturing public interest thanks to rumored endorsements from high-profile figures like Oprah Winfrey and Elon Musk. “Weight of the World” dives into this pivotal moment, following the journeys of three individuals as they navigate the complexities of using GLP-1 medications. Through expert commentary from medical professionals, dietitians and cultural critics, the film looks at this evolving landscape, and it investigates the societal obsession with thinness and the implications of these new pharmaceutical interventions, raising questions about body image, health and the ongoing struggle against obesity.
Persons: Esther Dere, Nicole Rittenmeyer, Leah Varjacques, Dani Blum, Rachel Abrams, Oprah Winfrey, Elon Musk Organizations: Hulu Locations: America
President-elect Donald J. Trump picked Scott Bessent to serve as Treasury secretary on Friday, tapping a billionaire hedge fund manager to lead an economic agenda that is expected to be built around raising tariffs and cutting taxes. Mr. Bessent, the founder of the investment firm Key Square Capital Management, has emerged as a central economic adviser to Mr. Trump over the past year. Unlike many on Wall Street, Mr. Bessent, 62, has also defended the use of tariffs, which are Mr. Trump’s favorite economic tool. If confirmed by the Senate, Mr. Bessent would take over a department with vast responsibilities that is at the core of the federal government. The Treasury Department issues debt to fund the government’s operations and pay its bills, including paying Social Security and veterans benefits.
Persons: Donald J, Trump, Scott Bessent, Bessent, George Soros Organizations: Key, Capital Management, Democratic, Senate, Treasury, Social Security
I must have the address where the party is happening and the phone number of an adult there. So I set some ground rules for my kids to party and for me to have peace of mind. We find a compromiseI miss the days when I knew most of my kids' friends and their parents and we all looked out for each other's offspring. Rule number two is that they have to always keep their location on and share it with us on their devices. Rule number three, one we just added, is that we need the contact info of whoever they believe is their most responsible friend.
Persons: we've, I've, I'm, It's, didn't, We've, overdosing Locations: individuation, Naloxone
Susan Wiles, Trump's incoming chief of staff, maintained ties to a lobbying firm until this month. Sean Duffy, Trump's pick for Transportation secretary, has lobbied for a group of major airlines. The EPA, under Obama, Trump, and Biden's administrations, have repeatedly opposed efforts to mine in the bay, home to one of the world's largest salmon fisheries. Starting not long after he left Congress in 2019, Duffy lobbied for Polaris, a US auto manufacturer known its off-road and recreational vehicles. ProPublica previously reported that Duffy lobbied White House trade adviser Peter Navarro as Polaris sought to win exemptions to tariffs on the parts it was importing.
Persons: Donald Trump's, Susan Wiles, Sean Duffy, Trump's, Donald Trump, Susie Wiles, Pam Bondi, Wiles, Duffy, Uber —, Bondi, Ballard, Trump, Jeff Hauser, Brian Ballard, Alaska . Sen, Lisa Murkowski, Obama, Peter Navarro, Ron Klain, Biden's, Fannie Mae, Steve Ricchetti, Biden, Jeff Ricchetti, Barack Obama, Hauser, Hauser isn't, " Hauser Organizations: Washington, Incoming White House, Amazon, GM, MetLife, Fidelity National Financial, Ballard Partners, Trump, Republican, The New York Times, Alaska ., Alaska Republican, Partnership, EPA, Federal Aviation Administration, United, Polaris, White, General Motors, Uber, Fidelity, North, Major League Baseball, Biden, Raytheon, Politico Locations: Florida, Riyadh, Saudi Arabia, Trump, Alaska, North America, Bondi, Washington
Japan's headline inflation rate slipped to 2.3% in October, its lowest level since January and down from the 2.5% seen in September. The core inflation rate, which excludes fresh food prices, came in at 2.3%, down from September's 2.4%. The figure however, was slightly higher than the 2.2% expected among economists polled by Reuters. According to LSEG data, 55% of economists polled by Reuters as of Nov. 22 expect the BOJ to hike rates by 25 basis points at its December meeting, bringing the benchmark policy rate to 0.5%. On Nov. 18, BOJ Governor Kazuo Ueda said the economy is heading toward sustained wage-driven inflation, and warned against keeping borrowing costs too low, Reuters reported.
Persons: Kazuo Ueda Organizations: Reuters Locations: September's, Japan's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Honda is trying to become cool againFor years, Honda was regarded as one of the most innovative companies in the world--one full of surprises. It made cheap cars, but also supercars and engines for Formula 1 teams. A few models are among the world's most popular. It is struggling in some key regions, and it's challenged by the EV era. Watch the video to learn how the company plans to reclaim its identity as an innovator.
Persons: Honda, it's
AdvertisementWhenever we're with my mother-in-law, she asks my son and daughter-in-law when they'll have kids. While some part of me likes the idea of being a grandparent, I don't mind if it never happens. Without fail, every time we get together, my dear mother-in-law asks, "When are you having children?" I also swore I would not ask them about having children and have since kept that promise. In that, I'm sure I'm like every other parent, wishing for a crystal ball to allay anxieties and lost sleep over what cannot be foreseen or controlled.
Persons: they'll, pinky, I've, It's, , I'm
On the day, she shakily filmed her sister running down a white runner across the deck into her fiancé's arms. I was completely blown away by the thrill of going viral." A side hustle — planning other people's wedding proposals and posting bride-to-be's reactions on TikTok — was born. Tobin brought in six figures of revenue, including roughly $9,000 in median monthly revenue, during the 12-month period ending last month, according to documents reviewed by CNBC Make It. In her highest-earning month, November 2023, Tobin's side hustle brought in more than $20,000.
Persons: Lexi Tobin, Tobin, shakily, , Brian A.M, I've Organizations: CNBC, WeddingPro Locations: New York, New York City, TikTok, Atlanta
And now, an extremely rare first edition of his most famous work, the political manual “The Prince,” is going up for auction, with an expected sale price of up to £300,000 ($375,000). The copy of the early 16th-century book is one of only 11 first editions to be recorded, according to auction house Sotheby’s. The book was printed in 1532 and bound with Machiavelli's "Florentine Histories" in an Italian binding, according to Sotheby's. Heaton said the auction house is “delighted” and “excited” to offer the “incredibly rare book” at Sotheby’s in London in its next Books & Manuscripts auction, which runs from November 28 to December 12. The political treatise, dedicated to Florentine ruler Lorenzo di Piero de’ Medici, was circulated as a manuscript before Machiavelli’s death in 1527.
Persons: Niccolò Machiavelli, , ” Gabriel Heaton, Heaton, , Machiavelli, , Medici, Prince ”, Lorenzo di Piero de ’ Medici, Biagio Buonaccorsi, ” Machiavelli Organizations: London CNN, Sotheby’s, CNN, Catholic Church Locations: Italian, Italy, Sotheby’s, London, Florentine, Casciano
The deal includes an agreement for Anthropic to use Amazon's AI chips more. The goal of all this money is mainly to get Amazon's AI chips to be used more often to train and run large language models. It's also going to help Amazon design future Trainium chips and contribute to building out an Amazon AI model development platform called AWS Neuron. The Information reported recently that Anthropic prefers to use Nvidia GPUs, rather than Amazon AI chips. In May, Bernstein analyst Stacy Rasgon told Business Insider he wasn't aware of any companies using Amazon chips at scale.
Persons: Anthropic, It's, Dario Amodei, we've, Andy Jassy, Bernstein, Stacy Rasgon, Jassy, Amodei Organizations: Amazon, Nvidia, Business, Google, Locations: Anthropic, San Francisco
CNN —For Donald Trump, every defeat is just the catalyst for his next battle. The Gaetz disaster suggests that despite his big election win, some laws of political gravity still apply to Trump. This may explain why two-and-a-half weeks into his transition, several of Trump’s Cabinet picks are embroiled in allegations of sexual misconduct, ethics or legal controversy. Like Gaetz, Hegseth was not prosecuted over the allegation and denies he did anything wrong. Plenty of presidents get a Cabinet pick knocked back and do just fine.
Persons: Donald Trump, , Matt Gaetz, – Trump, Trump, Pam Bondi, MAGA, Gaetz –, elect’s, Manu Raju, Pete Hegseth, Hegseth, Linda McMahon, McMahon, Robert F, Kennedy Jr, groped, Eliza Cooney, , Kennedy, he’d, , Cooney, “ I’m, he’s, Jean Carroll, didn’t, CNN’s Kristen Holmes, Gaetz, CNN’s Paula Reid, Sarah Ferris, Vance, Tulsi Gabbard, , Maine Sen, Susan Collins, North Carolina Sen, Thom Tillis, JD Vance, , Bondi, she’s Organizations: CNN, Department of Justice, Trump, DOJ, GOP, Cabinet, Former Fox News, Department of Defense, Trump Cabinet, Department of Education, Wrestling Entertainment, WWE, Department of Health, Human Services, USA, Fair, Democratic, Social, Capitol, Senate Republican, Trump University, Republican Locations: Washington, California, Iraq, Afghanistan, Manhattan, Gaetz, Maine, North Carolina, Ohio, Bondi
How the EV era is challenging leading engine maker Honda
  + stars: | 2024-11-22 | by ( Robert Ferris | In | ) www.cnbc.com   time to read: +3 min
Honda is the world's largest engine manufacturer, powering about 27 million cars, motorcycles, generators, yard tools, airplanes, and other items. But it is struggling in some key regions, especially China, and it's challenged by the era of electric vehicles. Honda has been relatively slow to release models, and it has depended heavily on partners to keep up. Honda does have an in-house EV plan and its own platform. It's sinking $65 billion into EVs and software globally, including $11 billion in Canada and $3.5 billion for upgrades to facilities in the United States.
Persons: it's, Karl Brauer, they'd, Jake Fisher, Honda's, Gregory Noble Organizations: Honda, Acura, Ferrari, Lamborghini, Porsche, McLaren, Consumer, U.S, General Motors, Detroit, Toyota, University of Tokyo's Institute of Social Science Locations: U.S, China, Canada, United States
They see me as a threat to their power.”The episode has raised eyebrows among security officials, who point to Gabbard’s history of unusual relationships overseas. The circumstances that led to Gabbard’s inclusion on Quiet Skies may be entirely benign, these sources said. Under normal circumstances, one official said, Gabbard would be forced to explain the underlying foreign travel or contacts in question during her background check. Security officials from multiple agencies told CNN that the program is known inside the government for having far laxer standards for inclusion. “TSA’s Quiet Skies program is a risk-based, automated approach to transportation security, to include identifying potential risks and applying enhanced security measures.”The statement continued: “TSA’s Quiet Skies program is not a terrorist watchlist.
Persons: Tulsi Gabbard, Donald Trump’s, Gabbard, ” Gabbard, Kamala Harris, , , Harris, Biden, Bashar al, Assad, Trump, Organizations: CNN, Transportation Security Administration, Fox, TSA, Quiet, Air Marshals Locations: Syria
AdvertisementGreg Mansell says some employers are scrutinizing accommodation requests amid rising RTO mandates. As an employment lawyer of 15 years, here are my tips for employees to overcome four hurdles in the accommodation request process. Don't wait for your specialistAfter an accommodation is requested, employers may ask the employee's medical provider to fill out an accommodation request detailing the underlying impairment, the restrictions it imposes, and the requested accommodation. It may be useful for the disabled employee to prepare their own accommodation request and present it for their doctor's review. Document everythingIf you consult a lawyer, it's helpful to have as much documentation of the accommodation request process as possible.
Persons: Greg Mansell, Mansell, It's, Jill Kramer, Tess Martinelli Organizations: Accenture Locations: New York City, tmartinelli
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow SpaceX, Tesla, xAI and X may benefit from Elon Musk's position as head of government efficiencyAs head of the Department of Government Efficiency, Elon Musk has promised to slash $2 trillion from the federal budget. One way he's suggested doing this is by consolidating some of the country's over 400 federal agencies, many of which regulate his companies.
Persons: Elon Musk, he's Organizations: Tesla, Elon Musk's, Department of Government Efficiency
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer pointed out that the speculative trade is on — as investors pile into riskier bets. To be sure, JPMorgan does see Trump tariff risk for Best Buy since lots of electronics are made in China. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Jim, CrowdStrike, Wells, Stocks, Jim Cramer's Organizations: CNBC, Nvidia, JPMorgan, Club, Palo Alto Networks, Ross, PepsiCo Locations: China, Abbvie
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