Disney to launch Wish cruise ship

Captain Minnie poses on board Disney’s newest cruise ship The Wish. disney It’s been a decade since Disney has expanded its cruise fleet. Its newest addition, set to launch in a couple weeks, is a 1,119-foot floating theme park. The Disney Wish is one of more than 30 ships from a variety of leaders in … Read more

Supreme Court limits EPA authority to set power plant climate standards

The Longview Power Plant, a coal-fired plant, stands on August 21, 2018 in Maidsville, West Virginia. The plant’s single unit generates 700 net megawatts of electricity from run-of-mine coal and natural gas. Spencer Platt | Getty Images The Supreme Court on Thursday limited the Environmental Protection Agency’s authority to set standards on climate-changing greenhouse gas … Read more

OPEC+ sticks with planned oil production hike, supply concerns linger

OPEC+ has been slowly returning the nearly 10 million barrels per day it agreed to pull from the market in April 2020. Mazen Mahdi | afp | Getty Images A group of some of the world’s most powerful oil producers on Thursday agreed to stick to a planned output increase in August, defying calls to … Read more

IMF-Sri Lanka bailout talks end without a deal

Sri Lanka is facing its worst financial crisis since independence in 1948, which has left it struggling to pay for essential imports and forced it to default on some foreign debt. Serhej Calka | Istock | Getty Images The International Monetary Fund has ended talks with Sri Lanka, failing to conclude a deal for a … Read more

North Korea likely behind $100 million Horizon crypto hack: Experts

A photo illustration showing the North Korean flag and a computer hacker. Budrul Chukrut | Soup Images | Lightrocket | Getty Images North Korean state-sponsored hackers were likely the perpetrators of a hack that led to theft of around $100 million in cryptocurrency, according to analysis from blockchain researchers. The hackers targeted Horizon, the so-called … Read more

Unlikely to resume withdrawals Thursday

Embattled cryptocurrency exchange CoinFlex will probably not be able to let customers withdraw money again on Thursday as originally planned, CEO Mark Lamb said on Wednesday. “We will need more time. And it’s unlikely that withdrawals will be re-enabled tomorrow,” Lamb told CNBC. However, CoinFlex is in talks with several large funds interested in buying … Read more

Chinese plans to save hit a record high in Q2; job concerns rise

Education remained the most popular category for Chinese consumer’s planned spending, according to a People’s Bank of China survey in the second quarter of 2022. China News Service | China News Service | Getty Images BEIJING — Chinese consumers’ inclination to save is at its highest in two decades, the People’s Bank of China found … Read more

China PMI data, stocks, currencies, oil

SINGAPORE — Chinese markets rose on Thursday as government data showed factory activity grew in June, but most other Asia-Pacific indexes fell. Mainland China’s markets traded higher. The Shanghai Composite advanced 0.37%, and the Shenzhen Component gained 1%. The Hang Seng index in Hong Kong was up 0.13%. Shares of artificial intelligence software company SenseTime … Read more

China snaps up Russian coal at deep discounts as Ukraine war continues

This photo taken on October 24, 2021 shows coal being loaded on a cargo ship in Jiujiang, in China’s central Jiangxi province. STR | AFP | Getty Images Russia’s coal shipments to China have been rising even though overall shipments to China have declined, new data from S&P Global Market Intelligence showed. Russian seaborne coal … Read more

Putin needs to be stopped in the battlefield — not with sanctions, says ex-president of Lithuania

It’s important to beat Russian President Vladimir Putin on the battlefield in Ukraine, as international sanctions alone won’t work, former president of Lithuania Dalia Grybauskaite told CNBC. “From the very beginning of the war, I [have] said that [Putin] only understands the language of strength, and he can be stopped [only] on the battlefield — … Read more