Weather tracker: Indonesia floods cause landslides and disruption to transport | Indonesia

Weather tracker: Indonesia floods cause landslides and disruption to transport | Indonesia

Semarang, the provincial capital of Central Java in Indonesia, experienced severe flooding overnight on Wednesday. This rainfall was linked to a low-pressure system to the south of Java, which brought close to 200mm of rainfall to the area by Thursday daytime. Further rainfall is forecast over the coming week. Flood depths of up to 80cm … Read more

Qatar Airways to launch First Class, as airline courts Airbus and Boeing for new planes

Qatar Airways to launch First Class, as airline courts Airbus and Boeing for new planes

Qatar Airways is developing a First Class concept and pursuing aircraft orders from aviation giants Boeing and Airbus, as part of a broader strategic overhaul under new group CEO Badr Mohammed Al Meer. “This is a new era,” Al Meer told CNBC on Thursday, unveiling changes at the airline that follow a multi-month “war room” … Read more

Jim Cramer is ‘very concerned’ about this overbought stock market

Jim Cramer is ‘very concerned’ about this overbought stock market

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. U.S. stocks fell and bond yields climbed Thursday following another hotter-than-expected inflation report. This time it was February’s producer price index, which came two days after a hotter print on … Read more

Hot inflation data spooks Wall Street

Hot inflation data spooks Wall Street

A man shops for fruit at a grocery store on February 01, 2023 in New York City. Leonardo Munoz | Corbis 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 they … Read more

Costco benefits from doomsday preppers

Costco benefits from doomsday preppers

Fg Trade | E+ | Getty Images Among the cans of tuna and flashlights in doomsday preppers’ closets, there is an increasingly popular staple — gold bars. The recent rise in value of the yellow metal is not just another chapter of favorable economic conditions for the asset, experts say. People’s interest in gold — … Read more

South Korea plans to speed up reforms to boost shareholder returns

South Korea plans to speed up reforms to boost shareholder returns

A currency dealer monitors exchange rates in a trading room at KEB Hana Bank in Seoul, South Korea. Jung Yeon-Je | AFP | Getty Images South Korea’s financial regulator will look at speeding up the corporate reforms proposed last month and could reportedly add newer measures, after market players voiced concerns the announced steps might … Read more

Wholesale inflation hotter than expected

Wholesale inflation hotter than expected

U.S. Treasury yields climbed Thursday after hotter-than-expected wholesale inflation report worried traders about its potential impact on Federal Reserve policy going forward. Yields on the 10-year Treasury note rose about 11 basis points to 4.298%, while the 2-year Treasury yield was last at 4.69%, up about 6.5 basis points. Yields and prices move in opposite … Read more

Cecilia Devine might have gone ‘walkabout’ before being found dead in dam, inquest told

Cecilia Devine might have gone ‘walkabout’ before being found dead in dam, inquest told

A woman whose naked body was found in a Blue Mountains dam might have gone into the water on a “walkabout” while suffering a mental health episode, an inquest has heard. Cecilia Devine, 42, was found dead on March 18, 2019 in the remote Upper Cascade Creek dam catchment at North Katoomba. She was last … Read more