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☆ Humanoid robot startup Figure AI valued at $2.6 billion as Bezos, OpenAI, Nvidia join funding
▼ + stars: | 2024-02-29 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

Founded in 2022, Figure AI has developed a general-purpose robot, called Figure 01, that looks and moves like a human. Figure's ultimate aim is for Figure 01 to be able to perform "everyday tasks autonomously." Tesla is also trying to build a humanoid robot, called Optimus, while robotics company Boston Dynamics has developed several models. Norwegian humanoid robot startup 1X Technologies recently raised $100 million with backing from OpenAI. WATCH: Tesla CEO Musk said it's more important to develop humanoid robot than new cars

Persons: Jeff Bezos, Tesla, Goldman Sachs, Tom Andersson, Andersson, OpenAI, Goldman, they've, Musk Organizations: Nvidia, Microsoft, Innovation Fund, Robotics, Boston Dynamics, OpenAI, Goldman, STIQ Ltd, Intel, Ventures, Parkway Venture Capital Locations: Norwegian

☆ Possible Viking IPO is latest sign cruise industry is a good bet for investors, according to analyst. How to play it
▼ + stars: | 2024-02-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

With Covid-19 disruptions in the rearview mirror and the cruise industry back on track, another cruise line has taken a step towards possibly going public. Melius Research believes a Viking IPO makes rational sense. Norwegian Cruise Line , whose recovery has lagged its rivals, reported on Tuesday its first profitable year since 2019 . While shares of Norwegian, Royal Caribbean and Carnival are all down so far this year, they had a blockbuster 2023. A Viking IPO could bring both," he said.

Persons: Conor Cunningham, Cunningham Organizations: Viking Holdings, U.S . Securities, Exchange Commission, Research, Norwegian Cruise, Norwegian, Royal, Royal Caribbean, Carnival Locations: Norwegian, Royal Caribbean

☆ I've been on many Carnival cruises and always see first timers make these 10 mistakes, from buying drink packages to booking beach excursions
▼ + stars: | 2024-02-28 | by ( Lori A. May | ) www.businessinsider.com time to read: +1 min

I cruise on Carnival so often that its ships have come to feel like a home away from home. The author in the Lido buffet on board the Carnival Radiance. I've sailed with Carnival more than 10 times in the past five years, and it's become my favorite choice for budget getaways. I've cruised with Carnival to the Mexican Riviera and Caribbean out of ports in California, Florida, and Louisiana on smaller ships accommodating 2,600 passengers and larger ships accommodating up to 5,282 guests. Here's what to watch out for so you can be a savvy sailor the next time you find yourself on board a Carnival ship.

Persons: Lori A, I'm, I've, it's Organizations: Holland America, Virgin, Carnival Cruises, Riviera Locations: Holland, Caribbean, California , Florida, Louisiana

☆ Stocks making the biggest moves midday: Norwegian Cruise Line, Unity Software, Viking Therapeutics and more
▼ + stars: | 2024-02-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +5 min

Norwegian Cruise Line — The cruise ship operator soared 18% on strong forward guidance. Unity expects adjusted EBITDA to range between $45 million and $50 million, versus the $113 million expected by analysts polled by FactSet. Viking Therapeutics — The clinical-stage biotech soared more than 90% after fulfilling primary and secondary endpoints in its Phase 2 GLP-1 study. Earnings came in at $1.57 per share, beating expectations of $1.47 per share, according to LSEG, formerly known as Refinitiv. Revenue of $1.92 billion matched analysts' expectations.

Persons: Viking, LSEG, Cava, Wells, Duolingo, CarGurus, — AutoZone, Microstrategy, —, Sarah Min, Michelle Fox, Alex Harring, Jesse Pound, Yun Li Organizations: Cruise, Unity Software, FactSet, Therapeutics, Hess Corporation, Chevron, Exxon Mobil, China's, Offshore Oil Corp, Hess, Bank of America Securities, Seaport Research Partners, CleanSpark Locations: Cava

☆ Norwegian Cruise Line reports first profitable year since 2019
▼ + stars: | 2024-02-27 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

The Norwegian Viva is docked at PortMiami's Terminal B ahead of its christening ceremony on Nov. 29, 2023, in Miami. Norwegian Cruise Line Holdings on Tuesday reported its first profitable year since 2019 as fourth-quarter losses narrowed dramatically. The cruise company reported strong growth and ticket demand with an encouraging 2024 forecast. Adjusting for one-time items, Norwegian reported a loss per share of 18 cents. "Norwegian Cruise Line Holding experienced a momentous year of growth and achievement in 2023," CEO Harry Sommer said in a statement.

Persons: Harry Sommer, it's, LSEG Organizations: Norwegian Cruise Line Holdings, Norwegian, Cruise Line, Royal Caribbean Cruises, Carnival Corp Locations: Norwegian, Miami, LSEG, Gaza

☆ Nordic countries are struggling to fly planes because Russian jamming is screwing with GPS: report
▼ + stars: | 2024-02-27 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Countries bordering Russia in northern Europe are reporting GPS jamming, The Barents Observer said. Russian electronic warfare is believed to be responsible, the report added. AdvertisementRussian electronic warfare appears to be jamming GPS for ships and planes in the far north of Europe. It added that GPS disturbances were reported by airliners and air ambulances flying from Kirkenes and other towns in the far northeast of Norway. AdvertisementPolice and national authorities told the Barents Observer that GPS jamming could impact emergency services.

Persons: —, Dagens Næringsliv, Joakim Paasikivi, Trond Eirik Nilsen Organizations: Barents Observer, West, Service, Norwegian Communication Authority, Russia, The Telegraph, Business, NATO, Swedish Defense University, Swedish, SVT, Advertisement Police, Finnmark Police Locations: Russia, Europe, Russian, Norway, Finland, Ukraine, Kirkenes, Finnmark, Poland, Baltic, Kaliningrad

☆ Laureus Awards: Erling Haaland and Manchester City lead nominations for this year’s awards
▼ + stars: | 2024-02-26 | by ( Ben Church | ) edition.cnn.com time to read: +3 min

CNN —Manchester City superstar Erling Haaland leads the nominations at this year’s Laureus Awards as he continues his record-breaking goal-scoring form. Haaland scored a stunning 52 goals in all competitions during Manchester City’s treble-winning season last year, being named Premier League Player of the Year in the process. 1 tennis player Iga Świątek. Nominees for this year’s awards were determined by a vote from members of the world’s media. The winners are then chosen in a secret ballot by the 69 members of the Laureus World Sports Academy.

Persons: Erling Haaland, Lionel Messi, Novak Djokovic, Noah Lyles, Max Verstappen, Haaland, couldn’t, ”, Laureus, Pep Guardiola, ” Europe’s, Catherine Ivill, Mikaela Shiffrin, Iga, Jude Bellingham, Coco Gauff Organizations: CNN, Manchester City, Sportsman, Manchester, Premier League Player, “, Laureus, Premier League, ” Europe’s Ryder Cup, Red Bull Racing, Spanish women’s, City, Sports Academy Locations: Norwegian, England, Europe, Madrid, Spain, Real Madrid

☆ Mauritius blocks Norwegian cruise ship over fears of a potential cholera outbreak
▼ + stars: | 2024-02-26 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com time to read: +2 min

The first cruise ship, 'Norwegian Dawn' to arrive at Portland Port since the arrival of the Bibby Stockholm immigration barge, is seen docking, on July 26, 2023 in Portland, England. A Norwegian cruise ship has been denied permission to dock in Mauritius over fears of a potential cholera outbreak on board. The ship was on a 12-day itinerary from Cape Town, South Africa to Port Louis that started on Feb. 13. A spokesperson for the U.S.-headquartered Norwegian Cruise Line Holdings said Sunday that "a small number of guests experienced mild symptoms of a stomach-related illness" during Norwegian Dawn's South Africa voyage. Multiple media outlets reported the stomach illness on board the ship was suspected to be cholera.

Persons: Bibby, Port Louis Organizations: Portland Port, Sunday, Mauritius Ports Authority, U.S, Cruise Line Holdings, Norwegian Cruise Line Holdings Locations: Portland, Bibby Stockholm, England, Norwegian, Mauritius, Port, Cape Town , South Africa, Port Louis, South Africa

☆ Stock futures are little changed ahead of key inflation data and corporate earnings: Live updates
▼ + stars: | 2024-02-25 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, July 20, 2023. U.S. equity futures were little changed on Sunday as investors looked forward to the latest reading of the Federal Reserve's preferred inflation reading as well as a slew of big earnings reports. Futures tied to the Dow Jones Industrial Average were down by 0.04%, while S&P 500 futures and Nasdaq 100 futures ticked lower by 0.04% and 0.05%, respectively. "Nvidia has been the gift that keeps on giving with blockbuster earnings reports driving semis, tech, and the broader market higher this past week. "A hotter than expected PCE report this week could be a data point that could dampen the market enthusiasm."

Persons: Dow, they're, Stephanie Lang, Homrich Berg Organizations: New York Stock Exchange, Federal, Dow Jones, Nasdaq, Nvidia, CNBC, Norwegian Cruise, AMC Entertainment, Anheuser, Busch Locations: New York City, Norwegian

☆ Fed's favorite inflation gauge looms next week — plus, what we want from 2 portfolio earnings reports
▼ + stars: | 2024-02-24 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Wall Street returned to its winning ways this week — and Nvidia 's blowout earnings report Wednesday night was a big reason why. Twenty-six of our 32 portfolio stocks have delivered their results this earnings season (we didn't own Abbott Labs at the time of its report). It was a muted week for macroeconomic data, but we did get a slightly better-than-expected January existing home sales report on Thursday. In the week ahead, two more Club names are set to report earnings before a market-moving economic update arrives Thursday morning. The two other reports of note are the January new home sales report on Monday and ISM Manufacturing report on Friday.

Persons: Dow, we'll, bode, We're, Li Auto, Krystal, Arcutis, MARA, Iovance, Goldman Sachs BDC, CRON, BUD, Papa, LEV, Ginkgo, Jim Cramer's, Jim Cramer, Jim, Spencer Platt Organizations: Nvidia, Nasdaq, Dow Jones, Dow, Palo Alto Networks, Bausch Health, Coterra Energy, Abbott, Companies, TJX, Marshalls, TJX Companies, Berkshire Hathaway, Krystal Biotech, Alpha Metallurgical Resources , Inc, Fidelity National Information Services Inc, Animal Health, ELAN, Public Service Enterprise Group, Surgery Partners, BioCryst Pharmaceuticals Inc, Outdoor Holdings, Enlight Renewable Energy Ltd, Kosmos Energy, Playtika, Video Communications, TiRobot Corp, IRB, SBAC Communications Corporation, HEICO Corporation, FS KKR, Archer Aviation Inc, TransMedics, Sterling Construction Company, AES, Cruise Line Holdings, Lowe's Companies, American Electric Power Company, Bank of Nova, APLS Pharmaceuticals, Bank of Montreal, BMO, Devon Energy, Solar Inc, Technologies, Lab, Virgin Galactic Holdings, Splunk Inc, eBay, EBAY, Luminar Technologies, Agilent Technologies, G Foods, Masimo Corp, Baidu, Parts Inc, Icahn Enterprises, Viatris Inc, ACM Research, Golden Ocean Group, EMCOR, Industries, NRG Energy, Dycom, Editas, UWM Holdings Corporation, Vistra Energy, Marathon Digital Holdings, AMC Entertainment Holdings, Paramount Global, IonQ Inc, International, HP, Monster Beverage Corporation, Cronos, Birkenstock Holding, Anheuser, Busch InBev, Body, Brink's Company, Flags Inc, Papa John's, ACI, Hormel, Lion Electric Company, BlackRock TCP, Dole plc, DOLE, Fisker Inc, Dell Technologies, Ginkgo Bioworks Holdings, Autodesk, Green Brick Partners, Hewlett Packard Enterprise, Veeva Systems, INTTEST Corporation, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Getty Locations: New York City, U.S, Salesforce, Maxx, Bank of Nova Scotia, BlackRock, Cayman

☆ Cramer's week ahead: Earnings from Salesforce, Snowflake, Domino's
▼ + stars: | 2024-02-23 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Friday guided investors through next week's market action, advising them to pay attention to earnings reports from companies including Salesforce, Snowflake and Domino's. "I don't know if the rosy hue from Nvidia has staying power for next week," Cramer said. On Monday, Domino's Pizza reports earnings, and Cramer said he thinks the chain's earnings will be positive and "the king of pizza" can reclaim its title. He added that he thinks cybersecurity company Zscaler's earnings won't disappoint. And on Friday, Cramer will be watching earnings from RadNet , a radiology company.

Persons: CNBC's Jim Cramer, Cramer, He'll, he's Organizations: Nvidia, Cruise Line, Royal, Federal Locations: Snowflake, Royal Caribbean

☆ Marine Corps artists brave combat and harsh conditions to sketch troops in action
▼ + stars: | 2024-02-23 | by ( Lauren Frias | ) www.businessinsider.com time to read: +1 min

Combat artists captured Marines braving the cold as they practiced defending NATO's northern flank. Over 20,000 troops are participating in a military exercise in Norway known as Nordic Response 24. The exercise is part of NATO's Steadfast Defender 2024, the alliance's largest wargame since the Cold War. AdvertisementCombat artists in Norway captured Marines braving frigid temperatures and snow during military exercises known as Nordic Response 24. Nordic Response is part of NATO's Steadfast Defender 2024, the alliance's largest military exercise since the Cold War.

Persons: — Organizations: Marines, Service, NATO, Kremlin Locations: Norway, Russia, Ukraine

☆ Wall Street will try to maintain AI-fueled momentum in the final week of February, as inflation concerns linger
▼ + stars: | 2024-02-23 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

In the final week of February, Wall Street will strive to maintain its AI-fueled rally even as economic concerns linger and the Federal Reserve's favorite inflation measure is on deck. But many worry the writing is on the wall for these market leaders as economic and inflation risks linger. The 'lone cloud' of inflation The Fed's preferred inflation gauge will also be released in the week ahead. Investors are concerned that sticky inflation will mean that the Fed will hold onto its higher-for-longer interest rate policy. Next week will also be the final week of February, with stocks headed for another strong month of gains.

Persons: Goldman Sachs, Patrick McDonough, Europe's, PGIM's McDonough, McDonough, Charlie Ashley, Dhaval Joshi, Joshi, Ashley, John Williams, TJX Cos Organizations: Dow Jones Industrial, Nasdaq, Nvidia, Japan's Nikkei, Catalyst Funds, BCA Research, CPI, PPI, Dow, New, Dallas Fed, Fidelity National Information Services, Richmond Fed, eBay, Enterprise, Cruise Line Holdings, New York Federal Reserve Bank, York, Monster Beverage, Paramount Global, PCE Deflator, Chicago PMI, . Kansas City Fed Manufacturing, Hewlett Packard Enterprise, Autodesk, Body, Hormel, PMI, Manufacturing Locations: U.S, Lowe's, Chicago, . Kansas, Michigan

☆ Biden embraces bully pulpit as he escalates fight against Trump and GOP over Russia
▼ + stars: | 2024-02-22 | by ( Arlette Saenz | Kevin Liptak | ) edition.cnn.com time to read: +8 min

CNN —President Joe Biden is embracing his bully pulpit as he calls out resistance from former President Donald Trump and Republicans on Ukraine and Russia. In repeatedly assailing Trump and his party from the White House, Biden also hopes to illustrate the stakes of the upcoming election and demonstrate his own efforts to unite the west against Russian aggression. House Republicans have scuttled efforts to pass a bipartisan border security bill and additional assistance for Ukraine – both at Trump’s urging. “Trump gave an invitation to Putin to invade some of our ally, NATO allies,” Biden said earlier this month. Why can’t Trump just say that?” Biden said in a White House video released Tuesday.

Persons: Joe Biden, Donald Trump, Donald Trump’s, Alexey Navalny, Vladimir Putin’s, Biden, Putin, Navalny, ” Biden, “, ” Trump, assailing Trump, Strom Thurmond, “ I’ve, I’ve, Thurmond, segregationists, Strom, ” “ I’m, Mike Johnson, Trump, He’s, “ Trump, Abraham Lincoln, America, can’t Trump, he’s, they’re, ” Organizations: CNN, Republicans, House Republicans, Trump, San, Wednesday, White, Ukraine –, Democratic, United States Congress, ”, NATO, Super, Quinnipiac, Russia Locations: Ukraine, Russia, California, San Francisco, Israel, Palestinian, Los Angeles, Bay, White, Russian, United States, Avdiivka, Michigan , Wisconsin, Pennsylvania, Latvian, Lithuanian, Polish

☆ A Norwegian lawmaker has nominated Elon Musk for the Nobel Peace Prize
▼ + stars: | 2024-02-22 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: 1 min

Elon Musk has been nominated for the Nobel Peace Prize by Norwegian MP Marius Nilsen. Nilsen said Musk had defended free speech and increased knowledge of Earth and space. Elon Musk has long described himself as a "free speech absolutist." It's a stance that's certainly not lost on Norwegian lawmaker Marius Nilsen, who thinks the billionaire is worthy of the Nobel Peace Prize as a result. Musk was nominated for the prize by Nilsen, who announced it in local publication Agderposten.

Persons: Elon Musk, Marius Nilsen, Nilsen, Musk, Donald Trump

☆ A man managed to board a flight at a London airport without a ticket by tailgating through checkpoints, the 2nd similar incident in 2 months
▼ + stars: | 2024-02-20 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Read previewA man boarded a plane without a ticket at the UK's second-busiest airport, a second such incident in under two months at London airports. This story is available exclusively to Business Insider subscribers. In a statement shared with Business Insider, Sussex Police, which has jurisdiction over Gatwick, described the event as a "medical incident." The incident is the second time in under two months that a passenger has managed to board a plane at a London airport without a ticket. In December, a British man managed to fly without a passport from London Heathrow Airport to New York.

Persons: —, Craig Sturt, Sturt wasn't, Sturt Organizations: Service, Norwegian Air Shuttle, Business, Gatwick Airport, Police, Passengers, BI, Boeing, Sussex Police, Gatwick, Airport, British Airways, Sun, London's Metropolitan Police Locations: London, London Gatwick, Copenhagen, Denmark, Flightradar24, British, New York

☆ What the U.S. can learn from Norway when it comes to EV adoption
▼ + stars: | 2024-02-17 | by ( Jeniece Pettitt | ) www.cnbc.com time to read: +1 min

Norway boasts the highest electric vehicle adoption rate in the world. Some 82% of new car sales were EVs in Norway in 2023, according to the Norwegian Road Federation (OFV). In comparison, 7.6% of new car sales were electric in the U.S. last year, according to Kelley Blue Book estimates. In the world's largest auto market, China, 24% of new car sales were EVs in 2023, according to the China Passenger Car Association. So that's a big advantage," said Petter Haugneland, the assistant secretary general of the Norwegian EV Association.

Persons: Kelley, Ragnhild Syrstad, Syrstad, Petter Haugneland Organizations: Norwegian Road Federation, China Passenger Car Association, Norwegian Ministry of, Norwegian EV Association . CNBC Locations: Norway, U.S, China, Norwegian, Oslo

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Norway built an EV utopia while the U.S. is struggling to go electricNorway boasts the highest electric vehicle adoption rate in the world. 82% of new car sales were electric vehicles in Norway in 2023. The Norwegian government started incentivizing the purchase of EVs back in the 1990s, but sales really started to take off about ten years ago when Tesla and other EV models became available there. CNBC traveled to Norway to meet with experts, government officials and locals to find out how the Scandinavian country pulled off such a high EV adoption rate.

Persons: Tesla Organizations: CNBC Locations: Norway, U.S, Norwegian

☆ Navalny’s death puts a new spotlight on key dividing line between Trump and Biden
▼ + stars: | 2024-02-16 | by ( Kevin Liptak | ) edition.cnn.com time to read: +10 min

“Make no mistake: Putin is responsible for Navalny’s death. A few moments earlier, Secretary of State Antony Blinken linked Navalny’s death directly to Russia’s president. Asked whether Navalny’s death might spur Congress to act in providing more Ukraine aid, Biden was hopeful. Even so, Johnson said in a statement Friday that Putin “is likely directly responsible” for Navalny’s death. “I made it clear to him that I believe the consequences of that would be devastating for Russia,” Biden said in Geneva, where the summit was held.

Persons: Alexey Navalny’s, Vladimir Putin, Joe Biden, Donald Trump, Putin, ” Biden, Roosevelt, “ Putin, ” Trump, Nikki Haley, Fani Willis ’, Trump, Putin’s, Biden, “ It’s, Kamala Harris, Antony Blinken, “, ”, Mike Johnson, Johnson, Putin “, Tucker Carlson, Carlson, Trump’s, ” Haley, Truman, “ Trump, he’d, Navalny, we’re, ” Harris, Harris, Navalny’s, CNN’s Haley Britzky, Lauren Fox, Kate Sullivan Organizations: CNN, White, GOP, Fulton, NATO, Biden, Munich Security Conference, Republican, Republicans, Ukraine, Fox News, South Carolina Gov, South, Putin, Super, Ukraine wavers, “, Trump Locations: Washington, Russia, Fulton County, Georgia, Europe, Moscow, Ukraine, Munich, United States, South Carolina, Michigan , Wisconsin, Pennsylvania, Latvian, Lithuanian, Polish, Geneva, Asia, transatlanticism

☆ China is not producing enough aluminum to meet its own demand, says Norsk Hydro CFO
▼ + stars: | 2024-02-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is not producing enough aluminum to meet its own demand, says Norsk Hydro CFOPål Kildemo, CFO of the Norwegian aluminum and renewable energy company, discusses its results and the global aluminum market.

Persons: Pål Kildemo Organizations: China, Norsk Hydro

It was the third mishap in two weeks reported at Norway's main airport. Two of the three recent incidents at the airport "have occurred as a result of pushback from the same gate,” Oslo airport spokeswoman Monica Iren Fasting told the AP. A spokesperson for the carrier, Tonje Sund, told Norwegian newspaper VG that the plane received damage that grounded it. Photos You Should See View All 22 ImagesOn Feb. 2, a Norwegian airline plane bound for Stockholm collided with a fence at the same gate. On Tuesday, another Norwegian plane headed for Kristiansand hit another airplane, clipping its wing.

Persons: Monica Iren Fasting, Tonje Sund, Charlotte Holmbergh, “, Holmbergh Organizations: Scandinavian Airlines, Associated Press, AP, Norwegian, VG, Kristiansand Locations: COPENHAGEN, Denmark, Oslo, Norway's, Stockholm, Gardermoen, Norwegian

☆ Passengers are furious after Norwegian Cruise Line removed Antarctica from its itinerary after everyone had boarded
▼ + stars: | 2024-02-13 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +4 min

Norwegian Cruise Line passengers are upset over a sudden itinerary change, skipping Antarctica. AdvertisementPassengers aboard a Norwegian Cruise Line ship are furious about a change in their itinerary which means they are no longer heading to Antarctica. Those aboard the cruise ship were expecting to travel to Antarctica and South America. But after they boarded, they noticed the trip's name was quietly changed on the app to "Round-trip of South America" last week. Business Insider has reached out to @ruinedvacation and Norwegian Cruise Line for comment.

Persons: —, @ruinedvacation, They've, we're, Shane C Grant Organizations: Cruise, Passengers, Service, Norwegian Cruise, Norwegian, NZ Herald, Facebook, Norwegian Star South, NCL, MSC Cruises, Business, Cruise Line Locations: Norwegian, Antarctica, South America, Norwegian Star South America, Miami, New York, Boston, Caribbean, @ruinedvacation

In Mo i Rana, a small Norwegian industrial town on the cusp of the Arctic Circle, a cavernous gray factory sits empty and unfinished in the snowy twilight — a monument to unfulfilled economic hope. The electric battery company Freyr was partway through constructing this hulking facility when the Biden administration’s sweeping climate bill passed in 2022. Perhaps the most significant climate legislation in history, the Inflation Reduction Act promised an estimated $369 billion in tax breaks and grants for clean energy technology over the next decade. Its incentives for battery production within the United States were so generous that they eventually helped prod Freyr to pause its Norway facility and focus on setting up shop in Georgia. Its pivot was symbolic of a larger global tug of war as countries vie for the firms and technologies that will shape the future of energy.

Persons: Mo i Rana Organizations: Biden Locations: Mo, Norwegian, United States, Norway, Georgia

Al-Shifa, Israeli officials have argued, is an example of Hamas’s willingness to use hospitals as cover and turn civilians into human shields. The portion of the tunnel visible in the Israeli military video is at least 350 feet long. But beyond accusing the Israeli military of planting evidence at hospitals, Hamas and Gazan officials have not directly refuted the evidence presented by Israel. The Israeli military declined to provide additional imagery to support its assertion that this was a tunnel entryway or part of a tunnel complex. Concrete sections of the Al-Shifa tunnel are visible in this still image from the video released by the Israeli military.

☆ Trump’s incendiary NATO remarks send very real shudders through Europe
▼ + stars: | 2024-02-12 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +7 min

NATO gives it a global bedrock of legitimacy, support for the dollar, and the post-Soviet hegemony it thrives upon. Saturday’s misunderstanding considered, Trump’s comments come at a devastatingly bad time for Europe. The more the US bemoans its allies and their miserly neglect of NATO, and withdraw from it, the less powerful it is. Is NATO willing to go to war with Moscow over Russian-speaking parts of the Baltic state of Estonia? He is not simply saying the US won’t help NATO allies who haven’t paid.

Persons: Donald Trump, Trump, doesn’t, –, Vladimir Putin, Putin, Tucker Carlson, Russia’s, ’, Charles Michel, Trump’s, haven’t Organizations: London CNN, Trump, NATO, Republican, GOP, Putin, Fox News, Kremlin, Senior, Britons, European Locations: Russia, Europe, Ukraine, Kyiv, America, Moscow, Kherson, Mykolaiv, Romania, France, Baltic, Estonia, Svalbard, Russian, Finland, Sweden, Western Europe

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