Category سی ان بی سی جهان

Russia must regain — and increase — its oil market share when demand returns, energy minister says

Sergei Karpukhin | Reuters

Russia and other major oil producers must regain, and even increase, their share of the oil market once demand returns, Russia’s energy minister has said.

“When demand begins to return to pre-crisis levels, it will be extremely important for Russia, like other oil-producing countries, to regain market share as soon as possible and, possibly, even increase it in the face of reduced competition between producers,” Russia’s Energy Minister Alexander Novak said in an article published in the ministry’s in-house magazine Tuesday.

OPEC, Russia and other non-OPEC producers — a group known collectively as OPEC+ — are currently cutting output by 7.7 million barrels per day (bpd) until December...

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Tesla shares crater 15% in premarket trade after S&P 500 snub

Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory. In Grünheide near Berlin, September 3, 2020.
Patrick Pleul | picture alliance | Getty Images

Tesla shares tumbled in premarket trading Tuesday, after Elon Musk’s electric vehicle maker was left out of the S&P 500 by the committee that decides on new additions to the index.

Tesla shares were down 15% ahead of the opening bell. The stock has been on a tear this year, having risen around 400%, and the company is now worth more than some of the world’s largest automakers, including Toyota and Volkswagen.

On Friday, the S&P 500 Index Committee decided to add e-commerce site Etsy, automatic test equipment maker Teradyne and pharmaceutical firm Catalent to the S&P 500, but stopped short of includin...

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Tesla shares fall 10% in premarket trade after S&P 500 snub

Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory. In Grünheide near Berlin, September 3, 2020.
Patrick Pleul | picture alliance | Getty Images

Tesla shares fell sharply in premarket trading Tuesday, after Elon Musk’s electric vehicle maker was left out of the S&P 500 by the committee that decides on new additions to the index.

As of 6.25 a.m. ET, Tesla shares were down over 10.6% in extended trading. The stock has been on a tear this year, having risen around 400% year-to-date, and the company is now worth more than some of the world’s largest automakers, including Toyota and Volkswagen.

On Friday, the S&P 500 Index Committee decided to add e-commerce site Etsy, automatic test equipment maker Teradyne and pharmaceutical firm Catalent to the...

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PUBG game owner distances itself from Tencent in bid to overturn India app ban

Photo Illustration of PUBG app with Banned text on an iPad device in Guwahati, India, on Sept. 2, 2020. India has banned more than 100 additional apps with linkage to China, including popular mobile game PUBG citing cybersecurity concerns as geopolitical tensions between India and China rise.
David Talukdar | NurPhoto | Getty Images

The owner of PlayerUnknown’s Battlegrounds has cut ties with Chinese tech giant Tencent in India, in an effort lift the ban on a mobile version of the game.

PUBG Corporation, the South Korean company that develops and publishes PUBG, said Tuesday that it would drop Tencent as the publisher of its PUBG Mobile game in India.

Last week, the Indian government added PUBG Mobile and 117 other apps with links to China to a blacklist including the likes...

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World must be better prepared for next pandemic, WHO says

A sign reads, “Everyone is required to wear a mask” at the entrance to Playland’s Castaway Cove as the state of New Jersey continues Stage 2 of re-opening.
Alexi Rosenfeld | Getty Images Entertainment | Getty Images

The head of the World Health Organisation has called on countries to invest in their public health systems, as he stressed that the world must be better prepared for the next pandemic.

“This will not be the last pandemic,” WHO Director-General Tedros Adhanom Ghebreyesus told a press conference Monday, “but when the next pandemic comes, the world must be ready, more ready than it was this time.”

He said too many countries had neglected their basic public health systems in recent years and called on governments to “invest in public health as an investment in a hea...

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Lebanon’s central bank governor won’t step down, says he tried not to let the system ‘collapse’

SINGAPORE — Lebanon’s central bank governor told CNBC this week that he wants to help the country in its time of distress — and he won’t resign. 

“You cannot resign … in an environment of a crisis, because it would look like going away from the task you have to perform,” Riad Salameh said.

“I don’t want to resign because I am continuing what I have in my mind, as a strategy to get out of this crisis, and I’m sorry to disappoint those who are spreading rumors on my resignation every day,” he told CNBC’s Hadley Gamble on Monday.

Apart from the coronavirus pandemic and ongoing economic troubles, the country is still reeling from a massive explosion last month in Beirut that’s believed to have killed about 200 people. The Aug...

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Dow futures surge 300 points following the worst tech rout since March

The “Fearless Girl” statue stands in front of the New York Stock Exchange (NYSE) at Wall Street on June 29, 2020 in New York City.
Angela Weiss | AFP | Getty Images

Stocks futures were higher in early morning trading on Tuesday after technology shares suffered their worst sell-off in more than five months.

Futures on the Dow Jones Industrial Average gained 305 points. S&P 500 futures and Nasdaq-100 futures also traded in positive territory.

Stocks just snapped a five-week winning streak after a big reversal in major technology stocks last week. Steep losses in Amazon, Apple, Microsoft and Facebook — 2020’s market leaders — drove the tech-heavy Nasdaq Composite down 3.3% to suffer its worst week since March 20. The Dow and the S&P 500 fell 1.8% and 2...

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Dow futures jump more than 200 points following the worst tech rout since March

The “Fearless Girl” statue stands in front of the New York Stock Exchange (NYSE) at Wall Street on June 29, 2020 in New York City.
Angela Weiss | AFP | Getty Images

Stocks futures were mixed in early morning trading on Tuesday after technology shares suffered their worst sell-off in more than five months.

Futures on the Dow Jones Industrial Average gained 227 points, while S&P 500 futures were higher as well. The Nasdaq 100 futures, however, traded in negative territory.

Stocks just snapped a five-week winning streak after a big reversal in major technology stocks last week. Steep losses in Amazon, Apple, Microsoft and Facebook — 2020’s market leaders — drove the tech-heavy Nasdaq Composite down 3.3% to suffer its worst week since March 20. The Dow and the S&P 500 fell 1...

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China accuses U.S. of ‘bullying’ as it touts new global data security push

Chinese President Xi Jinping addresses the opening ceremony of the fifth annual meeting of the Asian Infrastructure Investment Bank via video link, in Beijing, capital of China, July 28, 2020.
Xinhua News Agency | Getty Images

GUANGZHOU, China — China launched a global data security initiative on Tuesday outlining principles that should be followed in areas from personal information to espionage.

The initiative, announced by Foreign Minister Wang Yi in Beijing, comes as the U.S. continues to put pressure on China’s largest technology companies and convince countries around the world to block them. 

China’s initiative has eight key points including not using technology to impair other countries’ critical infrastructure or steal data, and making sure service providers don’t...

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China launches global data security initiative as U.S. pressure on its tech firms grows

Chinese President Xi Jinping addresses the opening ceremony of the fifth annual meeting of the Asian Infrastructure Investment Bank via video link, in Beijing, capital of China, July 28, 2020.
Xinhua News Agency | Getty Images

GUANGZHOU, China — China launched a global data security initiative on Tuesday outlining principles that should be followed in areas from personal information to espionage.

The initiative, announced by Foreign Minister Wang Yi in Beijing, comes as the U.S. continues to put pressure on China’s largest technology companies and convince countries around the world to block them. 

China’s initiative has eight key points including not using technology to impair other countries’ critical infrastructure or steal data, and making sure service providers don’t...

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