More Gen Zs are planning international trips this year, according the Bank of America. They are also travelling for longer and taking more expensive vacations. But how are they paying for these trips? According to a report from Bankrate, 42% of Gen Zs and 47% of millennials say they plan to use debt to finance their summer trips. Subscribe to CNBC International TV: http://cnb.cx/2wAkfMv Subscribe to CNBC International: http://cnb.cx/2gft82z LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci
China’s export data does not support the narrative of an industrial overcapacity in the country, said Deborah Elms, head of trade policy at the Hinrich Foundation. While the U.S. has reasons to be worried, overcapacity is a “problem that hasn’t yet developed,” she said. Subscribe to CNBC International TV: http://cnb.cx/2wAkfMv Subscribe to CNBC International: http://cnb.cx/2gft82z LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci
The UAE released its new Falcon 2 AI models earlier this month, which its government claims outperform Meta’s Llama 3 and Google’s Gemma 7B. The country has also opted to make Falcon open source, allowing others to modify its source code for their own uses. This is to “create an alternative rather than just having one option to the world,” says the chief of UAE’s Advanced Technology Research Council. Subscribe to CNBC International TV: http://cnb.cx/2wAkfMv Subscribe to CNBC International: http://cnb.cx/2gft82z LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci
Malaysia’s former prime minister Mahathir Mohamad said he and his family members were not involved in any “corrupt practices.” “I myself was not involved in corrupt practices,” said Mahathir, who is currently facing a corruption probe by the country’s anticorruption agency. The probe is part of current Prime Minister Anwar Ibrahim’s crackdown on corruption in the country. However, some have also questioned if the campaign is an attempt by Anwar to take down his political opponents, as investigations have been launched against several of his rivals. Subscribe to CNBC International TV: http://cnb.cx/2wAkfMv Subscribe to CNBC International: http://cnb.cx/2gft82z LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: […]
Israeli Prime Minister Benjamin Netanyahu says the Israeli airstrike that killed dozens of Palestinians in Rafah was a “tragic mishap.” The strike sparked a fire across the tent camp for displaced civilians were sheltering in tents. The strike drew international condemnation from global leaders days after the UN’s top court ordered Israel to halt its offensive on Rafah. Subscribe to CNBC International TV: http://cnb.cx/2wAkfMv Subscribe to CNBC International: http://cnb.cx/2gft82z LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci
The Securities and Exchange Commission last week approved a rule change that would allow for the creation of ether ETFs, less than six months after it approved bitcoin ETFs. While a date for ether ETFs to start trading has not been set, the SEC order could lead to other regulators around the world taking more crypto-friendly, positive stances, says BitGo CEO Mike Belshe. Subscribe to CNBC International TV: http://cnb.cx/2wAkfMv Subscribe to CNBC International: http://cnb.cx/2gft82z LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci
Several potential TikTok buyers, including former U.S. Treasury Secretary Steve Mnuchin and Canadian businessman Kevin O’Leary, have emerged after the U.S. passed a TikTok divest-or-ban law earlier this year. Big Tech companies may also bid for the popular social media platform but would likely face scrutiny from U.S. regulators, said former TikTok CEO Kevin Mayer. Subscribe to CNBC International TV: http://cnb.cx/2wAkfMv Subscribe to CNBC International: http://cnb.cx/2gft82z LinkedIn: https://www.linkedin.com/showcase/cnbc-international/ TikTok: https://www.tiktok.com/@cnbci Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Threads: https://www.threads.net/@cnbcinternational X: https://twitter.com/CNBCi Telegram: https://t.me/cnbci
