New Zealand’s Defense Minister has clapped back at claims that the appointment of a female captain to commandeer a $61 million navy ship ultimately led to its sinking. The navy’s specialist dive and hydrographic vessel, The Manawanui, sank on Sunday on a reef off the coast of Samoa that it was surveying. Its 75 crew and passengers … Read more
The U.S. 10-year Treasury yield edged lower on Friday as market participants awaited the release of the Producer Price Index (PPI) report. The yield on the 10-year Treasury fell around 2 basis points to 4.075%. The yield on the 2-year Treasury was down by more than 2 basis points to 3.974%. Yields and prices move … Read more
South African prosecutors say they will not pursue criminal charges against President Cyril Ramaphosa in relation to the controversial farm theft scandal that nearly brought down the president two years ago. A former spy chief laid a criminal complaint against Ramaphosa, accusing him of committing irregularities in trying to hide the theft of $4m (£3.25m) … Read more
BBC Nihon Hidankyo, a Japanese group of atomic bomb survivors, has won the 2024 Nobel Peace Prize. Nobel Committee Chair Joergen Watne Frydnes praised the “extraordinary efforts” of the organisation whose campaign has “contributed greatly to the establishment of the nuclear taboo”. The winner was announced at a ceremony in Oslo on Friday, where Mr … Read more
The Norwegian Nobel Institute is pictured in Oslo, Norway on September 25, 2024. Jonathan Nackstrand | Afp | Getty Images Japanese organization Nihon Hidankyo won the Nobel Peace Prize on Friday in recognition of its efforts to achieve a world free of nuclear weapons. The Norwegian Nobel Institute said 286 candidates were registered to be … Read more
Tesla unveils its “Cybercab” on October 10, 2024 in Burbank, California. Shares of electric vehicle maker Tesla sank after the company’s long-awaited robotaxi event — where CEO Elon Musk unveiled the firm’s Cybercab self-driving concept car — failed to impress investors. Tesla stock was down 5% as of 4:45 a.m. ET in premarket trading on … Read more
Zahra Bahrololoumi, CEO of U.K. and Ireland at Salesforce, speaking during the company’s annual Dreamforce conference in San Francisco, California, on Sept. 17, 2024. David Paul Morris | Bloomberg | Getty Images LONDON — The UK chief executive of Salesforce wants the Labor government to regulate artificial intelligence — but says it’s important that policymakers … Read more
China Coast Guard ships (background L and R) are seen past the Philippine Coast Guard ship BRP Cape Engano (C), as photographed from the BRP Cabra during a supply mission to Sabina Shoal in disputed waters of the South China Sea on Aug. 26, 2024. Jam Sta Rosajam Sta Rosa | AFP | Getty Images … Read more
Customers shop for eggs at a Sprouts grocery store on April 12, 2023 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images 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 … Read more
Alexander Spatari | Moment | Getty Images LONDON — The U.K. economy grew 0.2% in August on a month-on-month basis, flash figures published by the Office for National Statistics showed Friday. Gross domestic product (GDP) came in line with the expectations of economists polled by Reuters, who had forecast growth of 0.2%. Britain’s economic growth … Read more