Economic losses in the Asia Pacific region soared to $65 billion due to natural disasters, mainly fueled by floods in China and droughts in India, as reported by insurance company Aon. Hadynyah | E+ | Getty Images Economic losses in the Asia Pacific region due to natural disasters soared to $65 billion in 2023, mainly … Read more
High-rise buildings are illuminated at night in the West Coast New Area of Qingdao, East China’s Shandong province, on March 22, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s real estate troubles are likely far from over and industry problems need to be addressed quickly if overall GDP growth is to pick up … Read more
A man who killed a Sydney teenager in an unprovoked attack outside a nightclub has been granted parole and is set to be released from prison. The now-30-year-old Kieran Loveridge killed Thomas Kelly, 18, during an alcohol-fuelled rampage through the inner-city entertainment precinct of Kings Cross in July 2012. Loveridge, who was also 18 at … Read more
U.S. Treasury Secretary Janet Yellen, center, waits with others to receive Chinese President Xi Jinping at the San Francisco International Airport on Nov. 14, 2023, ahead of Xi’s meeting with U.S. President Joe Biden. Bloomberg | Bloomberg | Getty Images BEIJING — U.S. Treasury Secretary Janet Yellen was scheduled to arrive in China on Thursday … Read more
CNBC’s Jim Cramer on Wednesday contended the impact of artificial intelligence on business and the stock market isn’t yet fully realized, pushing back on suggestions it’s some buzzy tech losing its luster. “It’s clear that lots of investors have no idea what AI is,” Cramer said on “Mad Money.” “In fairness, the reason they have … Read more
A man and a woman have been charged over the alleged domestic violence-related killing of a toddler, who died in a Sydney hospital after a mercy mission to fly him halfway across the state. The two-year-old boy was taken to Griffith Base Hospital with significant head injuries on December 1. He was airlifted hundreds of … Read more
Robert Iger, President and CEO of Walt Disney Company announces a $5 million dollar donation with Mickey Mouse for the New Hospital Building at Children’s Hospital Los Angeles, October 30, 2006 in Los Angeles, California. Bob Riha Jr | Archive Photos | Getty Images This report is from today’s CNBC Daily Open, our international markets … Read more
The battle between President Biden and former President Trump is ramping up with the general election for the White House now underway. Biden and Trump both easily became their party’s presumptive nominees last month, but each candidate will face a long and difficult campaign in a rematch of the 2020 contest. In a race expected … Read more
The bodies of six foreign aid workers killed in Israeli airstrikes began the journey back to their home countries Wednesday as they were transported out of the Gaza Strip and into Egypt, Palestinian officials said. The deadly strikes have renewed criticism of Israel’s conduct in the nearly six-month-old conflict with Hamas and highlighted the risks … Read more
The family of Australian aid worker Zomi Frankcom has backed a war crimes investigation into the Israeli military’s conduct that led to her death. The Israel Defence Forces said a preliminary investigation found the convoy of World Central Kitchen charity workers, who were delivering food in Gaza, was struck due to “misidentification”. Israel’s explanation of … Read more
