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AdvertisementTrump has tapped Pete Hegseth, an Army veteran and Fox News host, to be secretary of defense. US President-elect Donald Trump has tapped Pete Hegseth, a Fox & Friends host and US Army National Guard veteran, to be secretary of defense. Hegseth was considered for Veterans Affairs secretary during Trump's first term and faced pushback from veterans group leaders. All US military combat roles opened to women in 2015. AdvertisementThroughout the war, Hegseth has shifted stances, calling Putin a "war criminal" and criticizing Biden for not getting Ukraine military aid quickly enough.
Persons: Pete Hegseth, Hegseth, Donald Trump, Joe, Trump, Trump's, Brace, Paul Rieckhoff, Adam Smith, Adam Kinzinger, Joe Biden's, Shawn Ryan, he'll, Abreanna Goodrich, we've, Shawn Ryan Show, Genya SAVILOV, AFP Hegseth, He's, Vladimir Putin's, Putin, Biden, Israel Trump's, Doug Mills, Benjamin Netanyahu, Israel wasn't, he's, Xiang Organizations: Trump, Army, Fox News, Defense Department, NATO, Fox & Friends, US Army National Guard, Israel, Wall Street, Veterans Affairs, SecDef, Independent Veterans of, Fox, Department of Defense, House Armed Services, Air National Guard, Republican, US National Guard, Pentagon, US Army, Spc, AFP, Kyiv, Warriors, Israeli, Getty, US Locations: Ukraine, America, Independent Veterans of America, Iraq, Afghanistan, Jerusalem, Russia, Soviet Union, Israel, Gaza, Iran, Washington, China, Xinhua, Asia, Pacific, Taiwan
The West shouldn't assume that China is lagging behind the U.S. and Europe on tech developments, Microsoft's president and vice-chairman warned. U.S-China tensions in the past few years have centered on the battle between the two nations for tech supremacy, culminating in a slew of export controls on critical technologies. Speaking at the Web Summit tech conference in Lisbon, Portugal, on Tuesday, Microsoft's Brad Smith told CNBC that "in many ways," China is close to or is even catching up on technology. "I think one of the dangers, frankly, is that people who don't go to China too often assume that they're behind," he told CNBC's Karen Tso. "But when you go there, you're impressed by how much they're doing."
Persons: China's, Microsoft's Brad Smith, CNBC's Karen Tso Organizations: China's Huawei, Summit, CNBC, U.S Locations: China, Europe, Lisbon, Portugal
The Pentagon’s latest public report on China’s military modernization, released in October 2023, noted a naval version of the Z-20 was under development. The exhibition showcases the latest in Chinese military aviation, some seen for the first time in public. He said he expected the Z-20 to soon become the standard naval and anti-submarine helicopter, given its ability to land on ships ranging from corvettes and destroyers to aircraft carriers. Tuesday’s display followed state media reports in May that the Z-20 now had an assault capability and that anti-submarine versions were being developed. In its latest annual assessment of international military deployments, the London-based International Institute for Strategic Studies notes that China has fielded 15 Z-20 helicopters for search and rescue work.
Persons: Hector Retamal, Navy’s, Collin Koh, , Koh, Lockheed Martin, Organizations: U.S . UH, Pentagon, People’s Liberation Army, Getty, PLAN, Rajaratnam, of International Studies, Professional Journal, U.S, Sikorsky Aircraft, Lockheed, Institute for Strategic Studies Locations: HONG KONG, Zhuhai, China, AFP, Singapore, Beijing, Taiwan, London
Five new arrests have been made over the violence surrounding a soccer game last week involving an Israeli team, Dutch police said Monday. The five men are "suspected of public acts of violence against persons Thursday night," police in the Dutch capital Amsterdam said Monday. The violence has been condemned as targeted antisemitic attacks by authorities in Israel and the Netherlands, which authorities said saw small groups on foot and scooters commit hit-and-run assaults on Israeli fans. Another video verified by NBC News showed a brawl break out outside Amsterdam Central Station after the game, in what the photographer described as an attack by Israeli fans on local residents. Israel sent extra planes to bring the soccer fans home from Amsterdam, and has told Israeli fans not to attend cultural or sports events abroad this week.
Persons: Dick Schoof, Schoof, Peter Holla, Israel, Turkey's Organizations: Maccabi Tel, Ajax, Maccabi, NBC News, IDF, Station, Police, Palestinian, ” Police, UEFA, Maccabi Tel Aviv's, Turkey's Besiktas, national, team, France Locations: Amsterdam, Maccabi Tel Aviv, Israel, Netherlands, Hungary, Istanbul, Paris
The annual U.N. climate summit began on Monday in Baku, Azerbaijan, with many country delegations concerned that Trump’s victory in the U.S. presidential election on Nov. 5 will hinder progress to limit planetary warming. Trump has promised to again remove the United States, the world’s most significant historic greenhouse gas emitter, from international climate cooperation and maximize the country’s already record-high fossil fuel production. “For those of us dedicated to climate action, last week’s outcome in the United States is obviously bitterly disappointing,” Podesta said at the summit. “Let’s dispense with the idea that climate finance is charity,” he said at the Baku stadium. “An ambitious new climate finance goal is entirely in the self-interest of every nation, including the largest and wealthiest.”This year is on track to be the hottest on record.
Persons: John Podesta, Donald Trump, Trump, ” Podesta, , Joe Biden’s, Simon Stiell, Rich, , Marc Vanheukelen, Ilham Aliyev Organizations: Azerbaijan —, U.S, United, Trade, Reuters, Finance, Fund Locations: BAKU, Azerbaijan, Azerbaijan — U.S, Baku, United States, Ukraine, Gaza, , Africa, Spain, U.S ., North Carolina, America, Mexico, China, U.S
Among other findings, it warns that several key climate tipping points appear more likely to be reached than previously thought. Ice loss from the Thwaites Glacier, also known as the “Doomsday” glacier because its collapse could precipitate rapid Antarctic ice loss, may be unstoppable. These are just a few of the stark findings from more than 50 leading snow and ice scientists, which are detailed in a new report from the International Cryosphere Climate Initiative. The report highlights a shift in consensus: Scientists once thought tipping points — like the collapse of AMOC — were distant or remote possibilities. Even if they were on track, those commitments are insufficient to reach global climate goals, the authors say.
Persons: it’s, , Helen Findlay, , AMOC, Julie Brigham, We’ve, Sean Gallup, ” Findlay, Mukhtar Babayev, Donald Trump, Trump, Joe Biden, Peter Neff, there’s, ” Neff Organizations: Initiative, Southern Hemisphere, Plymouth Marine Laboratory, Copernicus, ESA, United Nations, University of Massachusetts Amherst, Getty, , University of Minnesota Locations: Venezuela, Atlantic, Europe, England, Iceland, Alaska, Asia, Baku, Azerbaijan, Paris, Ilulissat, Greenland, U.S
President-elect Donald Trump's return to the White House has sent ripples through global financial markets, with many investors looking to recalibrate their portfolios for a dramatically different policy landscape ahead. Higher Treasury yields mean higher interest rates for corporate borrowers. Trump's tariffs Perhaps the biggest concern for investors globally is Trump's campaign promise of aggressive new tariffs , including the potential for a universal 10% tariff on all imports and a 60% tariff on Chinese goods. However, some Asian nations might benefit if higher tariffs on China prompt manufacturers to relocate. Europe Most analysts agree that U.S. trade tariffs are likely to hurt Europe, with some companies able to navigate the challenges better than others.
Persons: Donald Trump's, Russell, Mislav Matejka, David Seif, Goldman Sachs, Gareth Leather, Macquarie, Aditya Suresh, Mark Diethelm, Diethelm, Emmanuel Cau, — CNBC's Michael Bloom Organizations: White, Republican, Trump, U.S, Nasdaq, Treasury, Nomura, Federal Reserve, Asia Capital Economics, Capital Economics, U.S ., Union, Morningstar, Logitech, Barclays Locations: Congress, Treasurys, Trump's, U.S, United States, Korea, Taiwan, China, Vietnam, Asia, India, Europe
European markets are heading for a lower open Tuesday, as investors assess what U.S. President-elect Donald Trump's return to the White House could mean for the region's economy amid worries about possible tariffs. The U.K.'s FTSE 100 index is expected to open 18 points lower at 8,054, Germany's DAX down 93 points at 19,355, France's CAC down 34 points at 7,392 and Italy's FTSE MIB down 157 points at 33,659, according to data from IG. Investors will scrutinize a fresh batch of economic data this week, including an inflation reading from Germany on Tuesday, and U.S. inflation and U.K. gross domestic product on Thursday. Infineon, Bayer, Vodafone and AstraZeneca will report earnings, while U.K. unemployment and European and German ZEW economic sentiment figures are also due today. Asia-Pacific markets mostly fell overnight with investors exercising caution even as US.
Persons: Donald Trump's, Germany's DAX Organizations: France's CAC, IG, Infineon, Bayer, Vodafone, AstraZeneca Locations: Germany, Asia, Pacific
Days before the election, Polymarket odds showed Trump had a 60% chance of winning. The electorate took notice: Kalshi and Polymarket soared to the top of Apple's App Store on Tuesday evening. Advertisement"Last night, Kalshi showed how prediction markets can decisively outperform polls and traditional media," Kalshi posted on X. And can the prediction markets ride their momentum now that the election's over? Prediction markets are "going to attract people who want to influence public perception," Broughel says.
Persons: Nate Silver, Kamala Harris, Donald Trump, Polymarket, Trump, Kalshi, Shayne Coplan, Coplan, Elon Musk, Taylor Swift, Travis Kelce, Robinhood, There's, Xavier Sottile, Bettors, Sottile, Robert F, Kennedy Jr, he'll, John F, Kennedy, Koleman Strumpf, Strumpf, Broughel, James Broughel, Israel —, — Polymarket, who've Organizations: Trump, CNBC, MIT, Victoria University, Wake Forest University, RFK Jr, Competitive Enterprise Institute, Wall Street Journal, Twitter, New York Times Locations: New Zealand, Kalshi, Ukraine, Iran
UK's Starmer sets out new 2035 climate goal
  + stars: | 2024-11-12 | by ( ) www.cnbc.com   time to read: +1 min
Britain's Prime Minister Keir Starmer speaks at a press conference, during his visit to the European Commission headquarters on October 2, 2024 in Brussels, Belgium. Prime Minister Keir Starmer said Britain would cut greenhouse gas emissions by 81% by 2035 as he committed the country to a more ambitious climate goal at the United Nations COP29 climate summit. The new goal is in line with a recommendation from a committee of climate advisers who said last month the target should exceed the current 78% cut to emissions, measured against 1990 levels. Starmer said the British public would not be burdened because of the new target, which excludes international aviation and shipping emissions. We're not going to start dictating to people what they do," he said.
Persons: Keir Starmer, Starmer, We're Organizations: Britain's, European Commission, United Locations: Brussels, Belgium, Britain, United Nations, Baku, Azerbaijan, British
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Separately, the estate of crypto exchange FTX sued Binance and its former CEO, Changpeng Zhao, over a "fraudulent" share deal. Some think the rally is getting ahead of itself, writes CNBC Pro's Fred Imbert. A Wall Street analyst pointed out that, according to history, one ostensibly bullish sign actually portends retreats in the near term.
Persons: FTX, Binance, Changpeng Zhao, Donald Trump, Jeremy Siegel, Siegel, Fred Imbert Organizations: CNBC, Dow Jones, NatWest, Metrics, Trust, Wharton School, University of Pennsylvania, Trump, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket is overvalued post-election & mild correction would be welcome event, says Hugh JohnsonHugh Johnson, chairman and CIO of Hugh Johnson Economics, joins CNBC's 'Power Lunch' to discuss market outlooks post-election, whether there's too much optimism in the market, and more.
Persons: Hugh Johnson Hugh Johnson, Hugh Johnson
AdvertisementUS stocks have been on a tear since Trump's win. "Let me tell you something: If Trump enacted 50% of what he's saying, you'll have a stock market crash, the likes that you haven't seen since the 1920s," Scaramucci said. You'll crush the economy; you'll crush our tax revenues; you'll flip upside down the job market," Scaramucci said. "They will not be ready for that, and so the stock market will have gotten wrong the current movement." "My guess is that the stock market aficionados, the stock market experts, are probably right," Scaramucci said.
Persons: SkyBridge Capital's Anthony Scaramucci, Trump, there's, Scaramucci, , Anthony Scaramucci, it's, Bitcoin, Donald Trump's, didn't, David Bahnsen, he's, — Elon Musk, Elon, Tom Orlik, David Kelly, ​ ​, Susie Wiles Organizations: Service, House, SkyBridge, Business, Nasdaq, Russell, Trump, Bloomberg Economics, JPMorgan Asset Management, Republican
Russia will resume public sector layoffs, affecting up to at least 40,000 workers, per Kommersant. Layoffs were paused due to COVID-19 and Russia's invasion of Ukraine. The cuts would also allow more people to enter Russia's labor market which is experiencing a worker shortage. The cuts would also allow more people to enter Russia's labor market which is experiencing a widespread shortage of workers amid Russia's invasion of Ukraine. Workers have been pulled into the Ukraine war or forced to flee after Putin enacted a major mobilization to increase wartime recruitment.
Persons: , Vladimir Putin, Putin, Harley Balzer, Russian Central Bank Governor Elvira Nabiullina Organizations: Service, Russian Kommersant, Kommersant, Russian Academy of Science's Institute of Economics, Workers, Georgetown University, Russian Central Bank Governor Locations: Russia, Ukraine, Russian
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAllianzGI's Virginie Maisonneuve discusses how much Trump's potential tariffs could hit EuropeVirginie Maisonneuve from AllianzGI looks at various individual European markets and how they could be hit by Trump's tariff plans.
Persons: Virginie Maisonneuve Locations: AllianzGI
Elon Musk embraces Donald Trump during a campaign rally in Butler, Pennsylvania on Oct. 5, 2024. Kissinger was deeply respected in China and continued to meet with its leaders as an unofficial diplomat in efforts to promote warmer relations between the two countries. Just months before Kissinger died in November 2023, he met with Chinese President Xi Jinping in Beijing in July 2023. They may not reach the same impact as Kissinger, given the more complex period, he said, though they could help stabilize relations. Cook and Schwarzman also regularly visit leaders in China, where they are often highlighted by Beijing as examples of positive China-U.S. business and trade relations.
Persons: Elon Musk, Donald Trump, Anna Moneymaker, Elon, Kissinger, Scott Kennedy, Henry Kissinger, Xi Jinping, Tesla, Li Qiang, Wang Yiwei, Wang, Musk's, Musk, Joe Biden, Biden, Trump, Wang Huiyao, Tim Cook, Blackstone, Stephen Schwarzman, Cook, Schwarzman, Dewardric Organizations: Getty, White, Economics, Center for Strategic, International Studies, U.S, SpaceX, Renmin University, CNBC, Trump, Center for, Longview Global Locations: Butler , Pennsylvania, Beijing, China, Washington, imploding, U.S, Center for China, Dewardric McNeal
The U.S. Federal Reserve could carry out fewer interest rate cuts than previously expected next year should President-elect Donald Trump's proposed global tariffs take hold, former Fed policymaker Loretta Mester said Tuesday. Markets trimmed their forecasts for rate cuts following Trump's election victory last week, with speculation growing around his tariff proposals and their implications for the world economy. It comes as concern is growing among global policymakers about the implications of Trump's fiscal plans, particularly on tariffs. "A trade war is the last thing we need," he continued. "If a trade war is to start, the European Union must not be unprepared as it was in 2018."
Persons: Donald Trump's, Loretta Mester, Mester, they're, Trump, It's, there's, , Olli Rehn, Rehn Organizations: U.S . Federal, UBS European Conference, Cleveland Federal Reserve, Reuters, Trump, Bank of Finland, European Central Bank policymaker, UBS, European Union Locations: London, U.S, Europe, European
The two internet search firms agreed a joint venture, called the European Search Perspective or EUSP, with ownership split 50-50 between both firms. Why build a European search index? Currently, alternative search engines like Ecosia, Qwant and DuckDuckGo don't develop their own back-end infrastructure. The new venture will see them build their own search index from scratch, however, amassing results from a mix of different search engines. Both companies will use the search index themselves but the tech will also be made available to other independent search engines and tech firms.
Persons: Nikolas Kokovlis, Portugal —, it's, Christian Kroll, DuckDuckGo, Bing, Olivier Abecassis, Abecassis, Kroll, Donald Trump, Ecosia's Kroll, ChatGPT Organizations: Nurphoto, Getty, Google, . Big Tech, Microsoft, CNBC, European Union, The, Markets, Big Tech, U.S Locations: LISBON, Portugal, France, Berlin, Paris, Qwant, United States, Russia, Europe, Ukraine
Nearly 63% of the US population has fluoridated water flowing through their taps, according to the Centers for Disease Control and Prevention (CDC). Hawaii is the only US state without any fluoride in municipal taps; fluoridated water is only available there on military bases. As such, fluoridated water is now mandated on any military base with more than 3,300 people. Rumors have circulated that drinking fluoridated water can lead to bone cancer (osteosarcoma), but long-term studies from both the UK and US haven't found any credible evidence of higher rates in areas where people drink fluoridated water. Their review concluded that some studies of fluoride consumption have found links between higher fluoride water levels and lower IQs in kids.
Persons: Trump, he'll, , Robert F, Kennedy Jr, Donald Trump's, Biden, Kennedy, He's, Mark Ralston, Leonard Ortiz, Nina Simone, Michael Ochs, Matthias Balk, Anthony Kim, Frank Albert Charles Burke, Obama, Ashley Malin, Malin, Oliva Organizations: RFK Jr, Service, Centers for Disease Control, Prevention, Getty, MediaNews, Orange, NBC, Environmental Protection Agency, Michael Ochs Archives, US Public Health Service, Waimanalo Health Clinic, Honolulu Civil, Calgary, US Department of Defense, Fairfax Media, National Toxicology, University of Florida, Denver, EPA Locations: New York, California, Colorado, Zhijin county, China, AFP, Midwest, Colorado Springs , Colorado, Oakley , Idaho, Arkansas, Grand Rapids , Michigan, , New Mexico, Hawaii, Honolulu, Canada, Alberta, Australia, United States, India, Iran, Pakistan, Mexico, Grand Rapids
Agemo has exited stealth with $4 million to build AI that turns text prompts into software. Essentially, this required them to train their AI models to reason like a team of engineers. Agemo finds itself up against the likes of Poolside, which raised $500 million in October, and Magic, which raised $320 million in August. To combat this problem, Agemo is building AI systems that can "reason" in software. AdvertisementEurope's answer to Poolside and MagicTo differentiate it from competitors such as Poolside and Magic, the startup says it has developed a neurosymbolic AI system for software reasoning.
Persons: Agemo, Aymeric Zhuo, Osman Ramadan, , IBM's Jonathan Adashek, Mehdi Ghissassi, Olivier Pomel, Zhuo, Ramadan, ChatGPT, we've, We've Organizations: Service, Firstminute Capital, Mistral, Fly Ventures, Cambridge University, Microsoft, Activision, BI Locations: DeepMind, OpenAI, Sudan, London, Europe, Bay
Meta cut the price of its ad-free subscription versions of Facebook and Instagram by 40% for European Union users to comply with regulatory demands in the region. Meta originally debuted an ad-free subscription service for the EU in October 2023 due to an EU regulation intended to clamp down on anti-competitive practices by tech companies. The subscription service also came into effect after regional regulators fined the company over $400 million for violating EU data privacy laws. "The changes we're announcing today meet EU regulator demands and go beyond what's required by EU law," Meta President Nick Clegg said Tuesday on Threads. "This is why I expect that even when presented with several equal choices, most people will still choose our personalized ads service," Pavón said in a LinkedIn post said.
Persons: Meta, Nick Clegg, Pedro Pavón, Pavón Organizations: Facebook, European Union, EU Locations: Toulouse, France, U.S
Critics of the proposed tariffs say the policy could lead to higher prices for U.S. consumers. That leaves Asia and Europe having to quickly consider ways to mitigate the future impact of export tariffs, and whether to retaliate or to try to negotiate a get-out deal. But economists also say that the EU could try to use the carrot instead of the stick with the U.S., suggesting there are three other ways Europe might try to stop, limit or avoid Trump's likely tariff policy altogether. German Chancellor Angela Merkel deliberates with U.S. President Donald Trump during the G-7 summit in Canada on June 9, 2018. Jesco Denzel | Bundesregierung | Getty ImagesWhether there Europe can reach consensus on how or whether to do a deal with Trump is debateable, however.
Persons: Caitlin Ochs, Reuters Donald Trump's, Europe scrabbling, Trump, Flach, Donald Trump, Jean, Claude Juncker, Andrew Kenningham, Didier Lebrun, Photonews, Mujtaba Rahman, Ursula von der, Von der, Joe Biden, Kenningham, Angela Merkel deliberates, Denzel, Carsten Brzeski, Emmanuel Macron, Angela Merkel, There's Organizations: Reuters, Trump, ING, Germany's, International Economics, Germany, U.S, EU, Capital Economics, European Union, Getty, Eurasia Group, Sustainable Steel, US Trade, Technology Council, Bundesregierung Locations: Upper Bay, New York, U.S, Europe, EU, China, Asia, Germany, Ukraine, Canada, France
A U-turn on US climate policy could be disastrous for the planet, as it raises the risk of emulation. When America does something on the world stage, at least some countries tend to follow. Ahead of Trump’s inauguration, negotiators will ramp down their expectations in terms of what’s possible at the talks, he said. President Luiz Inácio Lula da Silva, who will host the climate talks next year in Brazil, bowed out after a head injury. The world is already 1.3 degrees warmer than it was before humans started burning fossil fuels at an industrial scale.
Persons: CNN —, Donald Trump’s, Trump, , Oli Brown, ” Trump, they’ve, Mukhtar Babayev, Joe Biden, France’s Emmanuel Macron, Ursula Von Der Leyen, Claudia Sheinbaum, Olaf Scholz, Dick Schoof, Luiz Inácio Lula da Silva, Frederic J . Brown, Jonathan Pershing, Biden, , Li Shuo, Trump’s, Joeri Rogelj, ” Rogelj Organizations: CNN, Union, Israeli, Maccabi Tel, Trump, Wilmington Oil, Getty, European Union, Asia Society Policy Institute, UN, Imperial College London Locations: Baku, United States, Paris, America, London, Mexico, Amsterdam, Maccabi Tel Aviv, Brazil, Wilmington, Los Angeles , California, AFP, China, EU, there’s
CNN —If Earth’s astronomical observatories were to pick up a signal from outer space, it would require an all-hands-on-deck effort to untangle and decipher the extraterrestrial message. The message, decoded by Ken Chaffin and daughter Keli, is not static but is in motion as the white dots are arranged into the five amino acids. The message is not static but is in motion and only displays the arrangement for about one-tenth of a second. The project’s designers confirmed that amino acids are the intended message, but they are leaving the interpretation open. The project team intentionally created a complex message, with some team members predicting it could take weeks or even years to be decoded.
Persons: Ken Chaffin, Keli, Ken Chaffin Ken Chaffin, Daniela de Paulis, Baruch Blumberg, Robert C, , , Chaffin, Keli Chaffin, de Paulis, Paulis, they’re, , ” Keli Chaffin Organizations: CNN, SETI Institute, European Space Agency, Green Bank, Allen, Byrd Green Bank Telescope, Medicina Locations: View , California, Astrobiology, West Virginia, Mars, Northern California, Bologna, Italy
Why Is a Petrostate Holding This Year’s Climate Talks?
  + stars: | 2024-11-11 | by ( Max Bearak | ) www.nytimes.com   time to read: +1 min
Heading into this month’s United Nations-sponsored climate negotiations, the world is contending with rising climate chaos and declining democracy. It won’t be lost on any of the attendees in Baku, the Azerbaijani capital, that the talks are being hosted by an autocratic government whose economy relies almost entirely on the fossil fuels that are the primary driver of climate change. As with so much at the United Nations, which is essentially a globe-spanning bureaucracy, the decision came down to protocol. And that protocol, because of particular weaknesses within it, was easily manipulated by Russia, which is itself an autocratic petrostate. By tradition, the U.N. climate summit is supposed to take place in a different part of the world each year.
Organizations: United Nations, Eastern Locations: United, Baku, Russia, Soviet
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