World Bank President Ajay Banga speaks during an interview with Reuters in Washington, U.S., October 15, 2024.Nathan Howard | ReutersThe World Bank announced on Thursday a new gender strategy aimed at boosting economic opportunities for women and enabling their participation in the global economy through social protection and access to broadband and capital.The Gender Strategy 2024-2030, unveiled during the International Monetary Fund and World Bank annual meetings in Washington, has set goals by 2030 that aim to enable 300 million more women to use broadband internet, unlocking essential services, financial services, education and job opportunities.It also aims to support 250 million women with social protection programs focusing on the poorest and most vulnerable, and to provide 80 million more women and women-led businesses with capital, addressing constraints…
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Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty ImagesMorgan Stanley said on Thursday CEO Ted Pick would be its next chair succeeding James Gorman, who has been tapped to head the board at Walt Disney after he steps down as executive chair of the Wall Street titan at the end of the year.The bank is upholding a Wall Street tradition by consolidating the roles of CEO and chair – a practice that has at times come under fire for potentially concentrating too…
JIUJIANG, CHINA – JUNE 17: A worker manufactures seamless steel gas cylinders for export at the workshop of Sinoma Science & Technology (Jiujiang) Co., Ltd. on June 17, 2024 in Jiujiang, Jiangxi Province of China. Wei Dongsheng | Visual China Group | Getty ImagesChina’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. The country’s steel exports have been surging this year and are expected to smash through the 100 million metric ton…
British Airlines, Qantas and Finnair are some of the airlines that are reducing services to China.Nicola Economou | Nurphoto | Getty ImagesMajor global airlines are reducing services and, in some instances, withdrawing from China altogether as longer routes to Asia following the closure of Russian airspace have raised operational costs, while demand has been low.Virgin Atlantic and Scandinavian Airlines, for instance, are completely withdrawing from China, the companies’ websites show. Virgin Atlantic ceased all flights to Hong Kong — and closed an office there — in 2022, ending the airline’s 30-year presence in the Asian financial hub.A report from travel…
A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May 1, 2024.Justin Sullivan | Getty ImagesBurger King and Taco Bell owner Yum Brands have pulled onions from select restaurants following an E. coli outbreak tied to McDonald’s.”As we continue to monitor the recently reported E. coli outbreak, and out of an abundance of caution, we have proactively removed fresh onions from select Taco Bell, Pizza Hut and KFC restaurants,” a Yum Brands spokesperson said in a statement to CNBC. “We will continue following supplier and regulatory guidance to ensure the ongoing safety and quality…
Brock Purdy ate one at his locker before the Super Bowl. Andy Reid once offered them to his players as a reward. Before practice, during training camp and in the halftime locker room, they are a favorite of players across the NFL, a touch of childhood wrapped in plastic.A few years ago The Athletic wrote about orange slices, the NFL’s secret halftime snack (fun fact: teams are required to provide “three dozen sliced oranges for halftime” for the visiting team). But in the course of reporting that story, many players said they passed on halftime citrus in favor of something…
Close-up of Tesla Motors logo against a bright blue sky in Pleasanton, California, July 23, 2018. Smith Collection | Gado | Getty ImagesThis 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. Like what you see? You can subscribe here.What you need to know todayThe S&P snaps losing streak U.S. markets were mixed on Thursday. The S&P 500 and Nasdaq Composite rose, boosted by Tesla, but the Dow Jones Industrial Average fell. The pan-European Stoxx 600 index inched up 0.03%. Shares…
CNBC’s Jim Cramer on Thursday told investors that resources like fossil fuels will remain important and enable technological innovations, even as investments in renewable energy continue to grow.”If we need more energy we’re going to get it from what comes out of the ground … fossil fuels that will power the data center, specifically natural gas,” he said. “You may be reluctant to invest in it, you might think who cares, but you need to know how vital all of this fossil fuel technology is to the growth of the Magnificent Seven.”Cramer highlighted Big Tech’s “insatiable demand for energy,” saying…
INGLEWOOD, Calif. — A cardboard tray filled with chicken fingers can hide more than you think. On Wednesday, a man named Chris used one to make LA Clippers history.See, Chris had a plan. A Los Angeles resident attending the first-ever regular-season game at the Clippers’ new arena, he would enter enemy territory, and he would use his chicken fingers to get there. His friend, a Clippers fan, had invited him to opening night. But Chris was a supporter of the visiting Phoenix Suns.He wanted to show it — and he chose the worst section to do so.A feature unique to…
As corporate giants report their quarterly earnings updates in the coming days, one investment bank has suggested that investors bet against two Big Tech stocks. Analysts at Itau BBA, the largest investment bank in Latin America, said investors should short Apple and Amazon before their quarterly financial results are released on Oct. 31. Shorting is the process of borrowing shares to sell immediately, hoping to repurchase them later at a lower price and pocket the difference. Investors also often use options contracts to take a short position on a stock to limit losses or amplify returns. The investment bank said…
