CNBC International
How Biden’s climate plan could steal business from Europe
- Title
- How Biden’s climate plan could steal business from Europe
- Date posted
- 1 year ago
- Description
- U.S. President Joe Biden has a plan to boost clean energy in the United States, but European politicians worry it could drive companies and investment away from Europe.
The U.S. Inflation Reduction Act has promised $369 billion – an unprecedented amount – on climate and energy policies, including, among many other things, tax credits for consumers getting new electric vehicles.
The fear among Europe’s policymakers is that the legislation may prompt European businesses to relocate to America or develop expansion plans stateside so they can benefit from the subsidies.
Maria Demertzis, senior fellow at the think tank Bruegel, said: “There are two issues here. The first one is that there is a bit to the IRA that is in direct violation of international rules of trade. And the second one is that there is a bit that can actually distort competitiveness.”
A spokesperson from the U.S. Trade Representative’s office told CNBC that ...
- Title
- Saudi National Bank says panic over Credit Suisse is unwarranted
- Date posted
- 1 year ago
- Description
- Saudi National Bank says panic over Credit Suisse is unwarranted
“There has been no discussions with Credit Suisse about providing assistance,” Ammar Al Khudairy, chairman of Saudi National Bank, Credit Suisse’s largest shareholder, told CNBC.
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- Has smartphone innovation stalled?
- Date posted
- 1 year ago
- Description
- The launch of a new smartphone used to be a huge event but, as innovation in the market begins to stall, new phone releases seem to be less hotly anticipated. So, what does the future hold for these computers in our pockets?
Watch the full video: https://youtu.be/WgXKbjnGp-M
#CNBC #Shorts
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- Are smartphone makers out of ideas for iPhones, Samsung and other Android devices?
- Date posted
- 1 year ago
- Description
- Over the years, cell phones have come in many shapes and sizes. From bulky phones with antennas and handsets that flip open, to modern devices connected to the internet, the mobile phone market has evolved dramatically since its creation in 1973.
Since then, phones have become more than just gadgets that people can play around with. They’re our calendar, our camera. In a lot of ways, they’re core to how we live our lives, and we’ve developed a dependence on them.
But innovation in the smartphone industry seems to have reached its peak. Beyond flashy cameras and more efficient chips, phone makers are struggling to find ways to entice consumers the same way they did years ago.
“We now live in this kind of sea of smartphone sameness,” said Ben Wood, chief analyst at tech research firm CCS Insight.
“I think we have moved to a point now with mobile phones where people aren’t kind of rushing out saying, ‘I really want to get...
- Title
- Pakistan's existential energy crisis
- Date posted
- 1 year ago
- Description
- At around 7.30 on the morning of January 23rd, 2023, much of Pakistan's population of nearly 230 million people plunged into darkness.
For close to 24 hours until power was fully restored, daily activity at hospitals, schools, homes and businesses was heavily disrupted.
The outages were caused because there were the fluctuations on the transmission lines which have not been updated for quite some time.
In 2020, nearly 20% of energy was lost during transmission distribution and delivery to end consumers.
#CNBC #Shorts
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- Gender equality does not mean gender equity. How exactly is it different?
- Date posted
- 1 year ago
- Description
- #CNBC #IWD #embraceequity
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- The History of International Women's Day
- Date posted
- 1 year ago
- Description
- #CNBC #IWD2023 #EmbraceEquity
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- If Trump were president during the Ukraine war, Putin’s forces would be in Poland now: Scaramucci
- Date posted
- 1 year ago
- Description
- If Donald Trump were president during Russia’s invasion of Ukraine, Vladimir Putin’s forces would be in Poland right now, according to former U.S. White House Communications Director and founder of investment firm Skybridge Capital Anthony Scaramucci.
- Title
- Pakistan has an energy surplus. Here’s why 230 million people are affected by blackouts anyway
- Date posted
- 1 year ago
- Description
- In January 2023, much of Pakistan’s population of nearly 230 million people plunged into darkness, bringing widespread disruption to people and industries for almost 24 hours.
“If you go to our government hospitals – which didn’t have back-up facilities – or field hospitals, or small nursing homes, they had to stop all their services,” said Dr. Shayan Ansari, a surgeon at a private hospital in Pakistan’s capital, Islamabad.
A similar incident struck last October. Meanwhile, smaller blackouts regularly hit cities and villages for several hours daily.
But the problem is not energy supply.
“We don’t have a problem as far as the supply of energy is concerned in Pakistan,” said Ishrat Husain, who served as an advisor to ex-Prime Minister Imran Khan. “Both outages were caused because there were fluctuations on the transmission lines, which have not been updated for quite some time.”
In 2020, nearly 20 pe...
- Title
- Countries are struggling to contain inflation, but not Switzerland. Here's why
- Date posted
- 1 year ago
- Description
- As many countries across the globe battle sky-high inflation, Switzerland’s economy is seeing something far less dramatic.
Inflation in Switzerland hit a 29-year high of 3.5% in 2022. While high by Swiss standards, that figure is well below the double-digit inflation of comparable economies including the United States (9.1%), United Kingdom (11.1%) and euro zone (10.6%).
On top of that, economists say it’s easing.
“It’s coming down a little bit,” Tobias Straumann, professor of modern and economic history at the University of Zurich, told CNBC.
So, what is it about the Swiss economy that’s allowed it to largely sidestep inflation, and what can other countries learn from it? Watch the video to find out. https://cnb.cx/41qXuXw
#CNBC #Inflation #Switzerland #Economy
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
- Title
- Should Europe be increasing its military spending?
- Date posted
- 1 year ago
- Description
- In 2023, a U.S. general noted that decades of military spending cuts in the United Kingdom had affected its war-fighting capabilities. Are there lessons other countries can learn from the UK when it comes to budgeting for defense?
#CNBC
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- Countries around the world have legalized cannabis. Could psychedelics be next?
- Date posted
- 1 year ago
- Description
- Countries around the world have legalized cannabis. Could psychedelics be next?
Global sales of antidepressant drugs are expected to exceed $20 billion by 2030.
Now, some investors are betting that psychedelic therapies can grab a share of that enormous market.
Due to their mind-bending qualities, substances like psilocybin, ketamine, LSD and MDMA remain illegal in most of the world.
That may help explain why markets are showing strong doubts about the industry.
A CNBC examination of seven psychedelic stocks that trade in the United States found that most of them are close to their 52-week lows as of mid-February, with some more than 80% lower than their 52-week highs.
But venture firms that invest in the new industry are standing by the drugs.
Watch the full report: https://youtu.be/A8SSpMAY5P4
#CNBC #Shorts
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC...
- Title
- Will spending cuts erode military power? The UK may offer some insights
- Date posted
- 1 year ago
- Description
- In 2023, a U.S. general noted that decades of military spending cuts in the United Kingdom had affected its war-fighting capabilities. The same concerns about the state of the British forces were also flagged by the then-head of the U.S. army in 2015.
Cuts in military spending aren’t unique to the U.K. For decades, military spending worldwide has decreased due to decades of “peace dividends” after the end of World War II.
Even defense spending in the U.S., as a percentage of its economic output, is at historic lows, from around 9% of its GDP in 1960 to 3.5% in 2021.
In between recessions and rising cost pressures to fund social spending, military budgets were easy targets for cuts. But when economies recovered, military budgets did not increase in tandem.
An analysis of military spending since World War II noted that “military budgets require more time to recover from an economic downturn than to benefit from economic growth....
- Title
- The youngest sailor at Sail Grand Prix is only 18 years old
- Date posted
- 1 year ago
- Description
- #CNBC
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- Psychedelics might change mental healthcare. Will investors follow?
- Date posted
- 1 year ago
- Description
- Global sales of antidepressant drugs are expected to exceed $20 billion by 2030. Now, some investors are betting that psychedelic therapies can grab a share of that enormous market.
Due to their mind-bending qualities, substances like psilocybin, ketamine, LSD and MDMA remain illegal in most of the world.
That may help explain why markets are showing strong doubts about the industry. A CNBC examination of seven psychedelic stocks that trade in the United States found that most of them are close to their 52-week lows as of mid-February, with some more than 80% lower than their 52-week highs.
But venture firms that invest in the new industry are standing by the drugs.
“Psychedelic healthcare is a very exciting area because it’s really this apex of drugs, clinics and experimental treatments,” said Clara Burtenshaw, a partner at Neo Kuma Ventures, the largest European venture capital fund that invests in psychedelic companies such a...
- Title
- We went inside the WHO logistics hub in Dubai’s International Humanitarian City
- Date posted
- 1 year ago
- Description
- #CNBC
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- World’s largest drone maker is unfazed, even if it’s blacklisted by the U.S.
- Date posted
- 1 year ago
- Description
- The world’s biggest drone maker DJI found itself embroiled in the Russia-Ukraine conflict last year.
In March, three weeks after Russia’s invasion began, a Ukrainian minister called out DJI on Twitter for being complicit in the war.
DJI is just one of many tech companies that has found its products used on the battlefield.
The Russian military allegedly used its drones on the battlefield. It includes the Mavic 3 drone, and Aeroscope, a drone-detection platform that enables users to identify the location of a drone operator.
“We certainly don’t support their use for combat,” Adam Welsh, DJI’s Head of Global Policy, told CNBC.
“The unfortunate thing is that it’s a very reliable product. So, it’s become a product of choice, even for those who want to use a drone inappropriately.”
DJI suspended its product sales to Russia and Ukraine in April. That suspension continues to be in place.
Wa...
- Title
- Time is running out to find survivors in Turkey and Syria
- Date posted
- 1 year ago
- Description
- Life for millions across Turkey and Syria changed forever on Monday, as two consecutive earthquakes sent shockwaves across hundreds of miles.
Nine hours apart and with magnitudes of 7.8 and 7.5 on the Richter scale, the quakes rocked Turkey and Syria and were the region’s strongest in nearly a century.
At least 6,000 buildings collapsed, many with residents still inside them.
Rescue efforts continue to be the top priority, with some 25,000 deployed in Turkey and thousands more sent in from overseas — but a bitter winter storm now threatens the lives of the survivors and of those still trapped under rubble.
With the dust of the catastrophe still settling, regional analysts are zoning in on the longer-term rippling effect that the catastrophe could have.
Read more: https://cnb.cx/3ROLEBW
#CNBC #Shorts
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.c...
- Title
- Turkey, Syria quake deaths pass 9,000; deadliest in 10 years
- Date posted
- 1 year ago
- Description
- Thinly stretched rescue teams worked through the night in Turkey and Syria, pulling more bodies from the rubble of thousands of buildings toppled by a catastrophic earthquake.
The death toll rose Wednesday to more than 9,400, making the quake the deadliest in more than a decade.
That surpassed the 8,800 killed in a magnitude 7.8 earthquake in Nepal in 2015, making it the deadliest quake in a decade.
Turkey now has some 60,000 aid personnel in the quake-hit zone, but with the devastation so widespread many are still waiting for help.
Nearly two days after the magnitude 7.8 quake struck southeastern Turkey and northern Syria, rescuers pulled a 3-year-old boy, Arif Kaan, from beneath the rubble of a collapsed apartment building in Kahramanmaras, a city not far from the epicenter.
He is one of around 8,000 people who have been rescued from the rubble alive, according to Turkey’s Disaster Management Authority.
B...
- Title
- How ‘pitch master’ Precious Williams turned a dark situation into success
- Date posted
- 1 year ago
- Description
- The path to success is rarely a straightforward one, and that has certainly been true for Precious Williams.
The founder and CEO of Perfect Pitches by Precious, Williams’ journey started earlier than most.
“I grew up in the inner city of St. Louis, Missouri. And I was told from a very young age that I would never make it out of the ’hood,” Precious Williams told CNBC’s Make It.
But Williams was determined to find success, no matter what.
Her first company, Curvy Girlz Lingerie, took her on “Shark Tank.”
“People said it would never take off. My family and friends wouldn’t invest in me. So you know what I did? I created a pitch that was so good that he got me on national television. And when I pitched, I walked away with $500,000,” Williams explained.
But her story doesn’t end there. Unfortunately, Williams later found herself homeless, but she refused to give up on her dreams.
- Title
- Chinese drone maker DJI is dominating the market – despite being blacklisted by the U.S.
- Date posted
- 1 year ago
- Description
- Drones of several varieties have been used on the battlefield during Russia’s invasion of Ukraine, including makes from DJI.
The global drone market is expected to grow from $30.6 billion in 2022 to $55.8 billion by 2030, according to a report by Drone Industry Insights. DJI dominates more than 70% of that market.
DJI’s first commercially successful product was the Phantom drone, which DJI founder Frank Wang claims made DJI the first company to bring “military-grade technology” to the public.
“The unfortunate thing is that (DJI drones are) very reliable. So, it’s become a product of choice, even for those who want to use a drone inappropriately,” Adam Welsh, DJI’s Head of Global Policy, told CNBC.
A recent controversy around DJI products being used for warfare isn’t the only problem the company has faced.
In December 2021, the Shenzhen-based drone maker was placed on an investment blacklist by the U.S. g...
- Title
- This is the F1 of the seas
- Date posted
- 1 year ago
- Description
- #CNBC
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- Coley Porter Bell CEO on balancing work and family
- Date posted
- 1 year ago
- Description
- Balancing your career and family life can be tough. Coley Porter Bell CEO Vicky Bullen made it a priority to set up strong and clear boundaries to make sure she could prioritize her family when she needed to. It’s part of her emphasis on leading with empathy. Find out more about how this could help you too by watching the full video: https://youtu.be/fOxJqD0tn-c #CNBC #Shorts
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- Can high tech wages survive the lay offs?
- Date posted
- 1 year ago
- Description
- Technology is part of our everyday lives and necessary for most societies to function. This increasing dependency has led to massive growth in the tech sector and, with it, a proliferation of high paying jobs.
Following the industry’s recent struggles, those exorbitant salaries are now being scrutinized like never before.
“What has happened in the last three to four years is the pay for the other non-Big Tech companies have gone up, and many of the startups are really upset because they can’t burn cash at those rates,” Ben Leong, a professor of computer science at the National University of Singapore, told CNBC.
“The Big Tech companies will continue to pay what they used to pay – they always pay a lot,” he added.
“I suspect the growth in the median pay will either stagnate or may even drop a little bit.”
So, is the bubble bursting for tech workers? Watch the full video: https://youtu.be/FVsGAoFlw20
...
- Title
- How becoming a pariah strengthened Zimbabwe’s relationship with China
- Date posted
- 1 year ago
- Description
- In 2002, Zimbabwe was dubbed a “self-made pariah” by the U.K. over then-president Robert Mugabe’s land reform program. The scheme resulted in accusations of human rights abuses that led the U.S. and EU to implement sanctions against the country. But without that western engagement, Zimbabwe looked to the east. #CNBC #Shorts
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- What’s going to happen to Big Tech’s laid off workers?
- Date posted
- 1 year ago
- Description
- Technology is part of our everyday lives and necessary for most societies to function. This increasing dependency has led to massive growth in the tech sector and, with it, a proliferation of high paying jobs.
Following the industry’s recent struggles, those exorbitant salaries are now being scrutinized like never before.
“What has happened in the last three to four years is the pay for the other non-Big Tech companies have gone up, and many of the startups are really upset because they can’t burn cash at those rates,” Ben Leong, a professor of computer science at the National University of Singapore, told CNBC.
“The Big Tech companies will continue to pay what they used to pay – they always pay a lot,” he added.
“I suspect the growth in the median pay will either stagnate or may even drop a little bit.”
So, is the bubble bursting for tech workers? Watch the video above to find out more.
#C...
- Title
- Putin has made Russia a pariah state. What's next?
- Date posted
- 1 year ago
- Description
- DAVOS, Switzerland — As the world’s political and business elite gathered at the World Economic Forum in Davos in 2023, there was one notable exception.
Russian public figures and business delegates — once a key presence at the Swiss mountain resort — were banned from the forum this January, reflecting the country’s broader ousting from the international community following President Vladimir Putin’s invasion of Ukraine.
Yet, elsewhere along the forum’s famous promenade, as on the global stage, other countries accused of violating international law were well represented.
That begs the question: what does it take to be labeled a pariah state and who gets to decide? Watch the video above to find out.
#CNBC #Russia #Pariah #Rogue
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational<...
- Title
- Can Davos put LGBTQIA+ issues back on the agenda?
- Date posted
- 1 year ago
- Description
- Known for its white snow, this years World Economic Forum in Davos took on a new color - rainbow. It’s part of GLAAD’s mission is to increase the coverage of authentic LGBTQI+ stories.
#CNBC #WEF23 #Shorts
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- Why the Middle East and North Africa have gone big for WEF23
- Date posted
- 1 year ago
- Description
- The World Economic Forum boasts “record participation from the Middle East and North Africa” this year, as the region aims to gain credits on energy transition and climate change.
In fact, many see the WEF23 meetings as a starting line for COP28 in Dubai later this year, with a preliminary agreement on climate to be signed between the UAE and the forum by the end of the week.
But with Iraq, Iran, the UAE and Saudi Arabia amongst the biggest oil producers in the world, can the region wave off its reputation and become a green power?
#CNBC #Shorts
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- Why a strong dollar isn't as good as you think
- Date posted
- 1 year ago
- Description
- The U.S. dollar is the world’s dominant currency and plays a key role in global trade.
While that may seem like good news to Americans, it’s bad news for much of the world.
“So here’s the paradox. The rest of the world despises how dominant the dollar is, yet they go to the U.S. dollar, because there really isn’t much of an alternative,” said Eswar Prasad, an economist at the Brookings Institution and professor at Cornell University.
Despite constant predictions of the dollar’s demise, nearly 60% of the world’s central banks’ foreign exchange reserves – the money the hold to cover unexpected financial emergencies – are invested in dollar-denominated assets.
The share of the U.S. dollar as a payment currency worldwide is more than 40%, while it makes up more than 60% of international debt and 50% of loans globally.
Besides being the go-to currency for international financial transactions, commodities ...
- Title
- The Greek island helping Europe dodge an energy crisis
- Date posted
- 1 year ago
- Description
- Europe raced to shore up its energy supplies in the wake of Russia's invasion of Ukraine, and it appears to have averted a worst-case scenario this winter — largely thanks to liquified natural gas.
For years, Europe was heavily dependent on Russian pipeline gas. But when Russia attacked Ukraine, and Europe could no longer count on those gas flows, it pivoted hard to LNG, a flexible energy source that comes largely from the United States, Qatar, Australia and Algeria.
Europe has successfully filled its gas storage capacity to 95%, which means all should be OK this winter. But next winter is a different story.
Because Europe was so reliant on Russia, it has limited LNG import capacity. European countries are scrambling to build new infrastructure to be able to import more of it.
CNBC visited the only LNG terminal in Greece that receives, stores and turns the critical fuel back into gas. Watch the video above to learn more.
- Title
- 'Digital nomad' visas are easier to get than ever — especially if you're rich
- Date posted
- 1 year ago
- Description
- Money can buy many things — a tasty meal, a nice car, a luxurious home.
But what about a long-term stay as a digital nomad on the beautiful Indonesian resort island of Bali? Well, for people with $130,000 to spare in their bank account, that could become a reality too.
Digital nomads are "people who choose to embrace a location-independent, technology-enabled lifestyle that allows them to travel and work remotely, anywhere in the world," according to one firm that links independent consultants with clients.
As of June 2022, more than 25 countries and territories had issued digital nomad visas to draw remote workers, whose number has increased since the pandemic started.
The Indonesian government, however, is taking a slightly different approach through a "second home visa" that permits wealthy foreigners, professionals, investors and retirees to stay in the country for up to 10 years.
Watch the video above to learn how ...
- Title
- Dream Sports: How they went from losing millions to building India’s first sports tech unicorn
- Date posted
- 1 year ago
- Description
- Harsh Jain and Bhavit Sheth are the founders of Dream Sports, a sports tech firm from India that owns one of the biggest fantasy gaming platforms in the country — Dream11.
The childhood friends started the company in 2008, but lost millions of starting capital in less than three years.
More than a decade after its launch, Dream Sports says it's now valued at $8 billion with 160 million users.
Watch the video above to find out how the duo bounced back from failure to launch India's first sports tech unicorn.
#CNBC #Dream11 #DreamSports #FantasyFootball #FantasyCricket
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- Does the fall of FTX spell the of crypto exchanges?
- Date posted
- 1 year ago
- Description
- After the collapse of FTX, is it curtains for crypto exchanges? #Shorts
Find out more: https://youtu.be/eKWiclVitVk
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- Too big to fail? What the FTX collapse means for crypto exchanges
- Date posted
- 1 year ago
- Description
- The crypto industry has been rocked by the collapse of FTX. Big-name investors from Sequoia Capital to SoftBank dumped hundreds of millions of dollars into the company, making bets that are now worthless.
Countless individual traders were hit by huge losses, too. Regulators are investigating claims that customer funds were misappropriated by FTX and its trading affiliate Alameda Research.
It marks one of the most serious problems for crypto to date, with questions rising about the health of other industry giants such as Binance and Crypto.com.
Contagion from the debacle is already playing out, with crypto lender BlockFi now seeking bankruptcy protection after revealing lending exposure to FTX and Alameda.
“I don’t think all the dominoes have fallen out from the contagion,” says Marieke Flament, CEO of the Near Foundation, which took investment from FTX. “The impact that this will have is that a lot of projects actually are not...
- Title
- Is your hotel 4- or 5-stars? Here’s how to tell them apart
- Date posted
- 1 year ago
- Description
- Ever notice that the same hotel can be rated three-, four- and even five-stars? That’s the case with Singapore’s iconic Marina Bay Sands.
The reason is because companies — from guidebooks to websites — use different standards to evaluate hotels, with some relying solely on online reviews to set their star rating.
CNBC Travel sat down with Capella Singapore’s Yngvar Stray and HotelPlanner’s Tim Hentschel to talk about which star ratings matter, and what travelers can expect from a 1-star to a 5-star stay.
FULL STORY: https://cnb.cx/3FKKnHQ
#CNBC #LuxuryHotel #Travel #Ratings
Clarification: Some star ratings are awarded by industry councils that work alongside government entities.
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://...
- Title
- Has globalization failed us?
- Date posted
- 1 year ago
- Description
- “The worst is yet to come, and for many people, 2023 will feel like a recession.”
Pierre Olivier Gourinchas’ warning from the IMF’s World Economic Outlook in October 2022 underlined the significant slowdown in the global economy – and the reliance on global trade to function.
It raised questions about whether the many benefits of globalization outweigh the geopolitical problems it has helped create.
The latest wave of globalization has seen great resistance. As a result of technological advances, whole industries have been wiped out, causing mass job losses. Worker exploitation and a rise in inequality have also been at least partly attributed to globalization.
“You know how stock markets have bubbles? And then there’s a correction,” said Kevin Gallagher, economist and director of the Global Development Policy Center at Boston University. “I think there’s been a globalization bubble, and we’re trying to correct i...
- Title
- Europe’s energy crisis is just getting started
- Date posted
- 1 year ago
- Description
- It has been a fierce race against time for European nations looking to fill up their gas storage ahead of winter.
New deals were brokered, old gas facilities reopened, and measures to control consumption imposed — all in the wake of Russia's invasion of Ukraine. Their efforts and a mild start to the winter have paid off: more than 95% of the EU's gas storage was filled by mid-November. That's above the 80% target the European Commission set back in March.
That's easing price pressures on consumers — but Europe's energy crisis is far from over. In fact, energy experts tell CNBC it is next winter they are most worried about.
#Energy #NaturalGas #LNG #RussiaUkraineWar
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
- Title
- This CEO turned down the role twice before accepting it
- Date posted
- 1 year ago
- Description
- This CEO turned down the role twice before accepting it. This change in her mindset is what made the difference. #Shorts
Watch the full video: https://youtu.be/fOxJqD0tn-c
- Title
- Inside the world's largest vaccine manufacturer
- Date posted
- 1 year ago
- Description
- The Serum Institute produced 1.9 billion Covid vaccines in 2021 alone. #Shorts
Watch the full video: https://youtu.be/E6-HeA_CNCk
- Title
- Serum Institute of India: How a horse breeder launched the world's largest vaccine manufacturer
- Date posted
- 1 year ago
- Description
- From its humble beginnings as a horse breeding farm in India to becoming the world's largest vaccine manufacturer, Serum Institute of India has undergone rapid growth throughout the decades to reach its exceptional status.
Yet, success has not always come easy.
The company faced various challenges from getting permits and licenses to not being able to meet the global demand. But today, it is estimated that more than half the children in the world have been administered with their vaccine.
After Adar became the CEO in 2011, he noticed the company did not have enough capacity to meet the growing global demand, leading him to invest more in capacity. Adar's forward-thinking during the Covid-19 pandemic has also led the company to fame, competing with major players to produce low-cost covid vaccines.
As the world learns to live with Covid, Serum Institute also has plans to expand its vaccination portfolio and into the western...
- Title
- What happened at the G-20?
- Date posted
- 1 year ago
- Description
- What has the G-20 summit achieved? Critics argue, not enough. #Shorts
- Title
- Binance CEO responds to claim his crypto exchange is a ‘walking time bomb’
- Date posted
- 1 year ago
- Description
- The chief executive of the largest online exchange for cryptocurrency, Binance, took aim at economist Nouriel Roubini after he called Changpeng 'CZ' Zhao and his exchange a ‘walking time bomb.’
Appearing at the the Milken Institute’s Middle East and Africa Summit, Roubini described Changpeng Zhao as one of the “seven Cs of crypto” – an unflattering list which also included “concealed, corrupt, crooks, criminals, con men, carnival barkers.”
Roubini described crypto and some of its major players as an “ecosystem that is totally corrupt.”
Zhao’s response to the criticism was simple: “We don’t care,” he told CNBC’s Dan Murphy.
“Negative energy doesn’t make it far in life and those people will generally stay poor,” he said.
#Shorts
- Title
- What is the G-20, and is it losing its relevance?
- Date posted
- 1 year ago
- Description
- Established in 1999, the G-20 is an informal gathering of twenty of the world’s largest economies that convenes annually in an attempt to address the most pressing issues of our time.
Nineteen countries – Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States – plus the European Union make up the membership.
But despite collectively making up over 80 percent of global gross domestic product, 75 percent of international trade and 60 percent of the world population, the bloc has repeatedly come under fire for failing to achieve consensus among its members.
Watch our video to learn about the G-20's origin story and the questions around its future.
#CNBC #G20 #G20Indonesia
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx...
- Title
- Security at the G-20 summit in Bali is no joke
- Date posted
- 1 year ago
- Description
- More than 18,000 troops, 12 warships and four fighter jets have been deployed for the meeting, with police stationed in the outer ring of the summit and the military protecting the inner circle. #Shorts
- Title
- Should rich countries pay the bill for global warming?
- Date posted
- 1 year ago
- Description
- Since industrialization began, developed countries have contributed the vast majority of the world’s carbon emissions and got rich in the process. Poorer countries, on the other hand, have contributed little to the climate crisis, but are set to feel the worst effects. Many of those developing nations want help -- in the form of money. But getting governments to agree to those measures is going to be difficult.
#CNBC #COP27 #ClimateChange #ClimateFinance
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- Social Bella expanded in the middle of the pandemic - and so far, it's paid off
- Date posted
- 2 years ago
- Description
- Chrisanti Indiana co-founded Social Bella in 2015, which started off as an Indonesian e-commerce platform that sells beauty products from global brands. It has since expanded to more than 60 brick-and-mortar shops, offering consumers an “omni-channel” shopping experience. CNBC Make It’s Goh Chiew Tong speaks to the 31-year-old to find out how she grew her startup into a multi-million company.
#CNBC #Startup #Indonesia #SocialBella
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- How trickle-down economics backfired on Britain’s shortest-serving prime minister
- Date posted
- 2 years ago
- Description
- The U.K.’s ex-Prime Minister Liz Truss goes down in history as the country’s shortest-serving leader — departing just 44 days into the job — after her controversial ‘trickle-down’ economic strategy unleashed chaos on financial markets, political infighting, and her eventual resignation. But just what is ‘trickle-down’ economics and where did it all go wrong?
Disclaimer: CNBC conducted the interviews in this feature prior to Liz Truss’ resignation on October 20.
#CNBC #Economics #UKPolitics
-----
Subscribe: http://cnb.cx/2wuoARM
CNBC International TV: https://cnb.cx/2NGytpz
Facebook:
https://www.facebook.com/cnbcinternational
Instagram:
https://www.instagram.com/cnbcinternational/
Twitter:
https://twitter.com/CNBCi
- Title
- Is the euro zone at risk of breaking apart?
- Date posted
- 2 years ago
- Description
- In July 2012, the European Central Bank's then-president Mario Draghi gave a speech that is now credited with saving the euro. "The ECB is ready to do whatever it takes to preserve the euro, and believe me, it will be enough," he said at that time.
Greece was in the middle of a debt crisis, and economic instability was spreading to other parts of the euro zone. The ECB, the central bank for the countries that have adopted the euro, had to act.
Ten years later, the euro and the euro zone are still intact. But one of the core issues at the heart of the crisis still remains. In fact, it rears its head every time the region comes under economic pressure.
The crux of the problem in the euro zone is this, according to Angel Ubide from hedge-fund firm Citadel: "Two identical firms or households have differing financial conditions or funding conditions, just as a result of the country they are located in. So, in that sense, your passport becomes a major d...
- Title
- 'Quiet quitting' was happening in China before the rest of the world caught on
- Date posted
- 2 years ago
- Description
- You may have heard about "quiet quitting" this summer. The term, which means doing what's required at work and no more, went viral on the TikTok app after a New York software engineer posted a video on the trend.
Yet the rejection of hustle culture started in China long before it was popularized in the West.
"I talk with my friends, and they often use that term like 'tang ping,' I really want to lie down and I don't want to do my job and don't want to achieve something," said Dian Gu, who works as a content specialist for an internet company in China.
Since 2021, the internet in China has been awash with the phrases tang ping, which means "lying flat" in Mandarin, and more recently bai lan, which means "let it rot." This has coincided with many young people in China becoming increasingly frustrated with both their personal and professional lives.
Unlike most countries, China has continued to pursue a zero-Covid strategy, which require...
