DIRS.INFO The most relevant business & tech news

A report from travel news site Skift shows that seven major airlines have retreated from the country in the past four months. Longer flights require more fuel, which make flights more expensive. "Indeed U.S. carriers are making hard but very commercial decisions to drop Chinese services and redeploy the aircraft elsewhere," he said. China airlines' struggleLow demand has also plagued domestic airlines in China. Collectively, Chinese airlines have increased capacity to Europe, compared to pre-pandemic, even though the market and trade flows were much stronger then, said Grant.

Persons: Nicola Economou, John Grant, Grant, It's, Finnair, bauer, haven't Organizations: FIA, FI, British Airlines, Qantas, Nurphoto, Getty, Virgin Atlantic, Scandinavian Airlines, Boeing, OAG, EU, Aaronp, Cape Town, U.S, CNBC, Air China Locations: China, Asia, Hong Kong, Ukraine, United Kingdom, Russia, — Tokyo, Shanghai, Seoul, Bangkok, Delhi, Singapore, Thailand, Beijing, Cape, Sydney, Australia's, Melbourne, Brisbane, Perth, Hong Kong . U.S, Russian, U.S, Europe, Frankfurt

☆ IMF's Asia director compares Japan & China's fiscal challenges
▼ + stars: | 2024-10-25 | 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 EmailIMF's Asia director compares Japan & China's fiscal challengesKrishna Srinivasan, Director of IMF of Asia and Pacific Department, talks to CNBC's Martin Soong about Japan and China's fiscal positions, as the Bank of Japan normalizes its monetary policy and China embarks on measures to prop up the country's economy.

Persons: Krishna Srinivasan, CNBC's Martin Soong Organizations: IMF's, Japan, Pacific Department, Bank of Japan Locations: IMF's Asia, Asia, Japan, China

☆ Saudi Arabia will reportedly give a select group of visitors a first glimpse of Neom, showing them Sindalah — a luxury island retreat in the Red Sea
▼ + stars: | 2024-10-25 | by ( Nora Redmond | ) www.businessinsider.com time to read: +3 min

Some guests at Saudi Arabia's annual investment conference will have the chance to visit part of Neom. A group of visitors will be taken to Sindalah, an island retreat in the Red Sea, Bloomberg reports. AdvertisementAs guests descend upon Saudi Arabia for a major annual investment conference, some will have the opportunity to see the country's futuristic megacity, Neom, firsthand. Days before the conference begins, a select group of guests has been invited to visit Sindalah Island, per Bloomberg. Sindalah is a luxury island complex in the Red Sea off Saudi Arabia's west coast designed as a "unique escape" for visitors to Neom.

Persons: Neom, —, BlackRock's Larry Fink, Goldman Sachs, David Solomon, Citigroup's Jane Fraser, Julia Hoggett, Ken Griffin, Sindalah, Prince Mohammed bin Salman, Malcolm Aw Organizations: Saudi, Bloomberg, Service, Investment Initiative, London Stock, Solar, Business Locations: Neom, Red, Saudi, Saudi Arabia, Riyadh, Sindalah

☆ If South Korea decides to get involved in Ukraine, it has powerful options
▼ + stars: | 2024-10-25 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

But South Korea remains wary of getting involved in the Ukraine war. GAVRIIL GRIGOROV via Getty ImagesSouth Korea hesitatesSignificant obstacles stand in the way of South Korea arming Ukraine, though. Chan said South Korea's President Yoon Suk-yeol was domestically unpopular and would encounter difficulties repealing the law via South Korea's center-left-dominated National Assembly. AdvertisementBut the escalating alliance between Russia and North Korea may soon reach a point where South Korea feels it needs to act. Because of Russia's increasing reliance on North Korea, Kim finds himself in a powerful position to negotiate sophisticated technology in return.

Persons: —, Yonhap, Jeremy Chan, Chan, Ellen Kim, Kim, Lloyd Austin, Kim Jong, Russia's Vladimir Putin, GAVRIIL GRIGOROV, Yoon Suk, yeol, Kim Jong Un, Joon Cho, Yoon, Sean McFate Organizations: Russia, Service, Security Council, South, Eurasia Group, Center for Strategic, International Studies, North, US, Getty Images, National, National Assembly, Kremlin, Georgetown University Locations: Korea, Ukraine, South Korea, North Korea, Russia, Seoul, Korean, China, Asia, Poland, Washington ,, Kyiv, Pyongyang, South Korea's, South, Moscow

☆ Ukraine needs F-16s now, but this rugged jet made for the Russia threat could be the better choice for its future fighter fleet
▼ + stars: | 2024-10-25 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +8 min

Ukraine needs its F-16s, but it should get Gripen jets to help fight Russia long-term, experts said. A Ukrainian Air Force F-16 fighter jet flies in an undisclosed location in Ukraine on August 4. A Ukrainian air force F-16 fighter jet flies in an undisclosed location in Ukraine on August 4. Three Swedish Saab JAS-39 Gripen fighter jets escort a B-52H Stratofortress in flight. AdvertisementUkrainian President Volodymyr Zelenskyi in front of the first F-16 fighter jets received by Ukraine.

Persons: —, Michael Bohnert, They're, Bohnert, Gordon, Skip, Davis, You'll, Swedish Saab JAS, Corban Lundborg, Mats Helgesson, Sukhois, Oleg V, AirTeamImages Gordon, they're, Saab JAS, PATRICK TRAGARDH, Lloyd Austin, Volodymyr Zelenskyi, Vitalii, Tim Robinson Organizations: Gripen, Service, RAND Corporation, Saab AB, Ukrainian Air Force, AP, US Army, Defense Investment Division, Russia, Royal United Services Institute, NATO, Swedish Saab, Tech, US Air Force, Sweden's Saab Gripen, Swedish Gripen, Saab, Getty, Defense, UK's Royal Aeronautical Society Locations: Ukraine, Russia, Swedish, Sweden, Europe, Germany, Ukrainian, Russia Sweden, AFP

☆ CNBC Daily Open: In this time of uncertainty, markets seem to rely on logic
▼ + stars: | 2024-10-25 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

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. Amazon and Apple report earnings on Thursday, Oct. 31. Tariffs of China's steel exports China's steel exports will hit 109 million tons this year , the highest level since 2016, estimate strategists at Macquarie Capital. However, countries around the world are implementing tariffs on Chinese steel, which analysts predict will lower the country's steel exports starting 2025.

Persons: John Maynard Keynes, Tesla, Dow, Andy Sieg, –, —, Sarah Min, Pia Singh, Lisa Kailai Han Organizations: New York Stock Exchange, CNBC, Apple, Itau, Macquarie Capital, Wall, Nasdaq, Dow, Boeing, IBM, U.S Locations: New York City, U.S, Latin America, China

☆ Just the Facts – US Population: Steve Ballmer Talks Through the Numbers
▼ + stars: | 2024-10-25 | by ( ) www.businessinsider.com time to read: +10 min

Watch and get the facts about the US population and how America lives. I am Steve Ballmer, I spent 34 years growing Microsoft, 10 years owning the LA Clippers basketball team. For men, that's actually a six percentage point increase since 1960, but the share of young women living at home is up 20 percentage points. Let's look at six different groups of people based upon Census Bureau data. First, let's look at people who identify as white, but not Hispanic.

Persons: Steve Ballmer, USAFacts, That's, that's, I've Organizations: Insider Studios, Watch, LA Clippers, Census Bureau, US Census Bureau, Seattle, Medicare Locations: America, United States, Russia, China, Brazil, Canada, Texas, New York, North Dakota

☆ Yen wobbles, vulnerable to political reverberations
▼ + stars: | 2024-10-25 | by ( ) www.cnbc.com time to read: +4 min

Japanese yen banknotes of various denominations are arranged for a photograph in Tokyo, Japan, on July 22, 2015. The yen was last 0.1% lower at 152 per dollar and was looking at a 1.5% loss for the week. The yen has fallen roughly 5.5% for the month thus far, setting it up for its worst monthly decline since April 2022. Against the dollar, the euro last bought $1.08225, some distance away from its low of $1.076125 hit earlier this week. The dollar index last ticked up 0.04% to 104.09, after having scaled a roughly three-month high of 104.57 earlier in the week.

Persons: Ray Attrill, Katsunobu Kato, Janet Yellen, Donald Trump, Nick Rees, Sterling Organizations: of Japan's, Treasury, Liberal Democratic Party, LDP, National Australia Bank, country's Finance, FX, Monex, New Zealand Locations: Tokyo, Japan, Japanese, Germany —

☆ Apple returns to top 5 smartphone ranking in China with iPhone 16 as Huawei battle ramps up
▼ + stars: | 2024-10-25 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +3 min

Huawei trailed Apple in third place with 15.3% market share, IDC data showed. However, the company's smartphone shipments in China grew by 42% year-on-year, as it continues to stage a revival in the world's largest smartphone market. Apple stood at second position by market share in the third quarter, according to International Data Corporation (IDC). In the second quarter, Apple was knocked out of the top five ranking in China by market share. Canalys said Apple was fifth place by market share in China.

Persons: Apple, Tim Cook, Vivo, Xiaomi, Canalys Organizations: Apple, Huawei, IDC, International Data Corporation, Apple Intelligence, Oppo, CNBC Locations: Chongqing, China, Cupertino, U.S

China's Ministry of Commerce on Thursday emphasized the country's efforts to restrict illegal exports of military goods to Russia as it seeks to cast Beijing as a neutral player amid the ongoing war in Ukraine. The term refers to goods or technologies that can be used for civilian as well as military purposes. China on Saturday unveiled an export control law for dual-use items, set to take effect Dec. 1. Despite the timing of its release, the text of China's new export control law does not mention specific countries. And Xi did not mention the export controls in during his trip to Russia, according to official statements.

Persons: Xi Jinping, Vladimir Putin, Gabriel Wildau, Xi Organizations: SZ, Technology, China's Ministry of Commerce, Atlantic Treaty Organization, Saturday, U.S Locations: Shenzhen, China, Russia, Beijing, Ukraine, Kazan, Russian, Moscow

☆ China's steel exports expected to falter in 2025 as pain from tariffs spread
▼ + stars: | 2024-10-25 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

China's steel exports will soon hit an eight-year high, before sweeping tariffs sink in and drag down the industry in 2025, industry watchers said. As the biggest exporter of steel, China accounts for about 55% of the world's steel production. Strategists at Macquarie Capital predicted that China's steel exports will reach 109 million tons this year, before declining to 96 million tons in 2025. Trade tariffs could further curb China's steel exports, "albeit this may require a while to play out," analysts from the the investment bank told CNBC. After hitting a record high of 112 million tons in 2015, the country's steel exports had been on a multi-year slide before it started improving in 2020.

Persons: Ren Zhuqian Organizations: Science & Technology, Macquarie Capital, CNBC, Citigroup, Steel Locations: JIUJIANG, CHINA, Jiujiang, Jiangxi Province, China

☆ Nvidia CEO partners with India to supply chips to tech companies
▼ + stars: | 2024-10-24 | by ( Seema Mody | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia CEO partners with India to supply chips to tech companiesNvidia CEO Jensen Huang, in a fireside chat with Reliance Industries Chairman Mukesh Ambani, discussed why India is poised to build an AI empire. He highlighted the country's potential to export AI innovations rather than Indian workers being displaced by the technology.

Persons: Jensen Huang, Mukesh Ambani Organizations: Reliance Locations: India

Amid the flurry of partnerships announced on the occasion was a deal between Reliance and Nvidia to build AI infrastructure in India. Nvidia on Thursday announced a slew of partnerships with major Indian firms and launched a Hindi language model, as the American chip company looks to ramp up business in one of the world's biggest technology markets. Nvidia also announced Nemotron-4-Mini-Hindi 4B — a small language model in Hindi, the widest-spoken of India's multitude of languages. Companies running Nvidia hardware can deploy this language model, while Indian IT consultancy Tech Mahindra is using Nvidia's model to launch its own Hindi AI model, Project Indus 2.0. "India is very, very dear to the world's computer industry, central to the IT industry," Huang said.

Persons: Huang, Jensen Huang, Akshay Kumar, Mukesh Ambani, Narendra Modi, Modi, Neil Shah, Shah Organizations: Reliance, Nvidia, Yotta, Tata Communications, Reliance Industries, Companies, Indian, Tech Mahindra, Infosys, Wipro, TCS, Reliance Jio, Ambani's Reliance Industries, Counterpoint Research, CNBC Locations: India, Mumbai, American

☆ I paid $250 to stay in a plastic tiny house in New Zealand in the middle of winter. I thought I'd freeze, but by morning, I didn't want to leave.
▼ + stars: | 2024-10-24 | by ( Monica Humphries | ) www.businessinsider.com time to read: +1 min

I visited New Zealand during winter and stayed in a geodesic dome on the country's south island. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNew Zealand is home to the most breathtaking nature I've seen.

Persons: —, I've Organizations: Service Locations: New Zealand, Zealand

☆ There is enough competition for banks in Switzerland, says country's finance minister
▼ + stars: | 2024-10-24 | 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 EmailThere is enough competition for banks in Switzerland, says country's finance ministerKarin Keller-Sutter, Switzerland's finance minister, discusses geopolitical fragmentation and banking consolidation in the country.

Persons: Karin Keller, Sutter Locations: Switzerland

☆ Britain announces major change to fiscal rules to free up billions in spending
▼ + stars: | 2024-10-24 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

U.K. Finance Minister Rachel Reeves on Thursday confirmed she intends to change the country's fiscal rules in the October budget, a move designed to free up billions of pounds for investment. Writing in The Financial Times on Thursday, Reeves said her "investment rule" will "get debt falling as a proportion of our economy." A Treasury spokesperson declined to comment when asked whether the fiscal rule change would target PSNFL in the U.K.'s measure of debt. The Institute for Fiscal Studies, an influential think tank, said on Sept. 30 that a change in the fiscal rules to target PSNFL would offer as much as £50 billion ($64.8 billion) of additional headroom for the government. Reeves confirmed the change to Britain's fiscal rules during a trip to the International Monetary Fund's annual meetings in Washington.

Persons: Rachel Reeves, Labour government's, Reeves, Keir Starmer Organizations: Britain's, Finance, Labour, Financial, Treasury, Fiscal Studies, International Monetary Locations: Washington

☆ CNBC's Inside India newsletter: A poorly timed IPO?
▼ + stars: | 2024-10-24 | by ( Ganesh Rao | ) www.cnbc.com time to read: +6 min

Shares of carmaker Hyundai 's Indian subsidiary started trading this week with much anticipation, only to drop by some 7% on its debut. Despite such success, it appears as if the stock market has given Hyundai the cold shoulder this week. First, the money raised by the stock market listing is being fed back to Hyundai's Korean parent. With the listing, the Indian subsidiary now commands nearly half the market capitalization of its Korean parent. However, the Indian subsidiary must now pay a flat 3.5% of total revenue going forward.

Persons: Ashish Vaishnav, Hyundai, it's, Gaurav Narain, Maruti Suzuki, China's, Narain, Kapil Singh, Singh, Ashish Jain, Pratik Organizations: Hyundai, Getty, Investors, Growth Fund, London Stock Exchange, ICG, Federated Hermes Global Emerging Markets Equity Fund, Maruti, Equity, Macquarie Locations: MUMBAI, MAHARASHTRA, INDIA, Mumbai, India, Korea, Hyundai India

☆ Bank of Israel governor on the country's economic growth
▼ + stars: | 2024-10-24 | 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 EmailBank of Israel governor expects economy's third-quarter growth to be slightly better than previous quarterBank of Israel Governor Amir Yaron says the bank is forecasting the economy will grow about 3.8% in 2025, but stressed the country is still facing "huge uncertainty" regarding its war with Hamas.

Persons: economy's, Amir Yaron Organizations: Email Bank of Israel, Bank of Israel

President Donald Trump did nothing but show respect to my family & Vanessa. In fact, I voted for President Trump today,” she posted. He said Trump showed the family respect by "standing against the military complex" and supporting the Guillén family. "They didn't want to get to the bottom of the investigation, and President Trump brought awareness to that, and he didn't have to do that," Muniz said. She represents the very best of the Mexican American and Latino community.”

Persons: Donald Trump, Vanessa Guillén, Trump, Mark Meadows, Alex Pfeiffer, Mayra Guillén, ”, Natalie Khawam, Khawam, Pfeiffer, Guillén, Fort, Vanessa Guillen, Joe Biden, Joaquin Castro, “ Trump, ” Trump, Gonzalo Curiel’s, Curiel, Hurricane Maria, Kamala Harris, Artemio Muniz, Mayra, Muniz, Jason Villalba, he’s, “, ’ ”, Villalba, Trumper, ” Villalba, Domingo Garcia, Harris, Garcia, LULAC, Felix Longoria, Hector P, Rep, Sylvia Garcia, Vanessa, ” Garcia Organizations: Trump, Atlantic, White, NBC News, Army, Kabul Gold Star, League of United Latin American, LULAC, The, U.S, District, Trump University, Hurricane, NBC, Federation of Hispanic Republicans, Texas GOP, Texas Hispanic Public Policy Foundation, Republican, American GI, Mexican Locations: Afghanistan, Fort Hood, Cavazos, Texas, U.S, Mexico, Puerto Rico, Mexican American, American, Three Rivers , Texas, South Texas, Mexican

☆ Silver coins from 11th century sell for more than $5 million in U.K.
▼ + stars: | 2024-10-23 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +3 min

A trove of 2,584 silver coins from the time of the Norman Conquest has been bought in the United Kingdom for more than $5 million — making it the country's highest-value discovery ever made by treasure hunters. The coins were purchased by the U.K.’s South West Heritage Trust, an independent organization that supports historical sites, with funding from two charities, the National Lottery and the Art Fund. The South West Heritage Trust's curator of archaeology, Amal Khreisheh, holds one of the uncovered Norman pennies. The coins were likely to have been buried for safekeeping, a common method in the 11th century. That they were never dug up by their owner suggests to historians that they may have been lost or abandoned because of the Battle of Hastings and the Norman Conquest.

Persons: Norman, Adam Staples, Lisa Grace, Staples, ”, Sam Astill, Aleks McClain, Amal Khreisheh, Rory Naismith, Naismith, William the Conquerer Organizations: U.K, West Heritage Trust, National Lottery, Art Fund, Museum of Somerset, British, South West Heritage Trust, South West Heritage, NBC, University of Cambridge Locations: United Kingdom, Chew, Bristol, England, Hastings, Normandy, France

☆ The decline of Hollywood in one chart
▼ + stars: | 2024-10-23 | by ( Lucia Moses | ) www.businessinsider.com time to read: +4 min

LA has seen a steep drop in its share of TV and film jobs compared with the rest of the US. The decline comes as labor costs have gone up and other locales have sweetened their incentives. In recent years, the area has lost some TV and film jobs as countries such as Canada and states like Georgia have become production hubs. Los Angeles is losing TV and film jobs to the rest of the US. 2 entertainment-job market in the US (after LA) also saw its share of film and TV jobs dip.

Persons: —, Patrick Adler, Taner Osman, Adler, FilmLA, Paul Audley, Otis Organizations: Industry, Service, Los Angeles, of Labor Statistics, Westwood Economics, Planning Associates, Otis College, Sound Recording Industries, Bureau of Labor Statistics, LA Locations: Los, Canada, Georgia, New York, Arizona, Kentucky, LA

☆ Global public debt will hit $100 trillion by year-end, says IMF
▼ + stars: | 2024-10-23 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +2 min

Global public debt will rise above $100 trillion by the end of 2024, the agency projected in its annual Fiscal Monitor report. By the end of the decade, the IMF forecasts global public debt will reach 100% of world GDP. The U.S. and China account for a significant share of rising public debt levels. If the two countries were excluded from calculations, the global public debt to GDP ratio would fall around 20%, the IMF said. Unsustainable debt levels place countries' markets at risk of a sudden sell-off if investors view a country's fiscal health as too poor.

Persons: Vitor Gaspar, shutdowns, spending's Organizations: International Monetary Fund, Monetary Fund, Global, U.S . Treasury Department Locations: Washington , DC, U.S, China, Saharan Africa

☆ IMF warns on China's property market worsening as it cuts country's growth outlook
▼ + stars: | 2024-10-23 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

Qilai Shen | Bloomberg | Getty ImagesThe International Monetary Fund (IMF) warned of a possible worsening of the state of China's property market as it trimmed its growth expectations for the world's second-largest economy. In a report published Tuesday, the IMF trimmed its forecast for growth in China for this year to 4.8%, 0.2 percentage points lower than in its July projection. In 2025, growth is expected to come in at 4.5%, according to the IMF. The Washington, D.C.-based organization also highlighted that China's property sector contracting by more than expected is one of many downside risks for the global economic outlook. Subsidies in certain sectors, if targeted to boost exports, could exacerbate trade tensions with China's trading partners," the agency said.

Persons: Qilai Shen, Gourinchas Organizations: Bloomberg, Getty, Monetary Fund, IMF, The, D.C, U.S, Reuters Locations: Nanjing, Shanghai, China, The Washington, Japan

TEL AVIV — Israeli officials are weighing an Egyptian proposal for a small-scale cease-fire deal with Hamas aimed at trying to build momentum for a larger agreement, an Israeli official told NBC News. Israel’s security cabinet has discussed the Egyptian proposal for a two-week truce in Gaza, said the official, who spoke on the condition of anonymity. The Egyptian proposal calls for the release of just six Israeli hostages in exchange, the official said. The Egyptian proposal was first reported by Axios. So the idea is to get the momentum going with a smaller deal,” the Israeli official said.

Persons: Antony Blinken, Yahya Sinwar, Hassan Mahmoud Rashad, Axios, It’s, —, Raf Sanchez, Chantal Da Silva Organizations: TEL AVIV —, NBC News, U.S Locations: TEL AVIV, Israel, Gaza, Lebanon, Beirut, U.S, Tel Aviv, London

☆ We are receiving more natural gas through Croatia than ever before: Hungarian Energy Minister
▼ + stars: | 2024-10-22 | 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 EmailWe are receiving more natural gas through Croatia than ever before: Hungarian Energy MinisterCsaba Lantos, the Energy Minister of Hungary discusses the country's energy diversification efforts.

Persons: Csaba Lantos Organizations: Hungarian Energy, Energy Locations: Croatia, Hungary

Search resuls for: "country's"

25 mentions found