World: News and Reviews from CNBC

North Korea fires new missile from east coast
North Korea fired a submarine-launched ballistic missile, The New York Times reports.

Who wins when Capt. America fights Iron Man? Marvel does
“Captain America: Civil War” is the recipient of a trifecta of factors that may lead it to shatter records.

Disaster films: 10 costly studio box-office bombs
These movie franchises seemed like good ideas, but they bombed at the box office. So what went wrong?

NASA, Hollywood team up to boost appreciation of Earth
NASA is teaming up with Hollywood again—this time to help earthlings appreciate nature.

Your new office workout: Financial fitness
More than half of employers now offer financial wellness programs.

Obama to UK youth: Don’t pull back from the world
U.S. President Barack Obama implored young British people not to pull back from the world on Saturday.

In this jungle, Mowgli might not have any playmates left
Biodiversity’s bag of Skittles, scientists say, has not only gotten smaller, it now has fewer flavors.

Thousands protest trade deal in Germany before Obama visit
Thousands of demonstrators have turned out in the German city of Hannover to protest a planned U.S.-Europe free trade agreement.

Iran finds Doha meeting, despite failure, a positive step
Iran’s oil minister said on Saturday that last week’s Doha meeting to freeze oil production, despite its failure, was a positive step.

US drops NY fight with Apple after gaining access to iPhone
The U.S. Justice Department on Friday dropped its effort to force Apple Inc to help unlock an iPhone in a drug case in New York.

Steve Wozniak: School is not enough, go beyond it
Steve Wozniak, co-founder of Apple, says education is important, but don’t let a textbook limit you.

Fiat Chrysler recalls 1.1M SUVs, cars worldwide for safety issue
Fiat Chrysler is recalling 1.1 million vehicles worldwide because they might roll away after drivers exit.

Ex-GM exec Bob Lutz rails on Volkswagen: They’re trying to bribe customers
This is how VW is trying to keep cars on the road after dieselgate, according to Bob Lutz, former vice chairman of GM.

Caterpillar CEO: ‘We’re close to the bottom’
Caterpillar reports earnings that fell short of expectations, and lowers its midpoint 2016 revenue outlook.

Microsoft, Alphabet wipe out $53 BILLION in market cap as analysts cut targets
Analysts lowered earnings forecasts for Microsoft and cut price targets for both the software maker and Alphabet.

Obama: European unity not in crisis, but under strain
U.S. President Barack Obama made the comments in a joint press conference with U.K. Prime Minister David Cameron.

Funding to save African rainforest disappearing: Study
Up to $500 million aimed to protect Africa’s rainforest appears to have had little to no impact, according to new research.

German carmakers to recall 630,000 cars: Official
German carmakers will recall 630,000 Porsche, Volkswagen Opel, Audi and Mercedes vehicles to fix emissions management software.

Have we just found out how bad Xbox One sales are?
The CEO of an eSports firm might have let slip that Microsoft may have sold half the number of games consoles as its rival Sony.

BoE member hints at negative rates: Report
One member of the Bank of England’s monetary policy committee said that the country could adopt a negative rate policy.

‘Clumsy’ central banks will ‘destroy’ economy: SocGen bear
“Clumsy interventions” by central banker will “destroy” the economy and usher in political chaos, a Societe Generale strategist has claimed.

Global brands join tributes to popstar Prince
After the passing of yet another legendary creative artist, global brands join in on paying tribute to Prince.

Digital disruption hits banking and real estate
Business leaders may recognise the need to evolve to take on the disruptors, but they’re not moving quickly enough, experts warn.

ECB action fails to ignite euro zone economy
Euro zone business activity growth slowed in April, according to the latest survey of the services and manufacturing sectors by Markit.

China’s share of global exports hits 50-year record
Chinese exporters have found a silver lining in weak global demand by seizing market share from their competitors.

Venezuela to cut electricity daily amid crisis
Venezuela’s government will turn off electricity daily for four hours due to its energy crisis.

Mobile game revenue to pass console, PC for first time
Mobile gaming revenues are expected to outstrip the money generated by console and PC games in 2016 for the first time.

London Mayor slammed for Obama ‘part-Kenyan’ remark
Boris Johnson has landed himself in hot water after claims that the U.S. President Barack Obama dislikes Britain because of his ancestry.

UK issues travel warning for southern US states
The U.K. government has updated foreign travel advice, warning British citizens about risks visiting America’s southern states.

Obama’s last hurrah in Europe, but UK’s not happy
Barack Obama is in Europe for what could be his last trip to the region before his presidency ends in November following an U.S. election.

Daimler launches probe into diesel emissions tests
Daimler has opened an investigation into its emissions testing process at the request of the US Department of Justice, the Financial Times reports.

China shuts down Apple’s iTunes Movies, iBooks store
Apple’s iTunes Movies and iBooks store have been closed down in China, the NYT reports.

Uber settles for $100M in lawsuit over driver status
Uber has agreed to pay $100 million to settle a class action lawsuit in two U.S. states over the status of drivers.

Russia, Saudis to pump as much as possible: IEA
The IEA’s Neil Atkinson believes both Saudi Arabia and Russia will continue to “pump as much oil as possible.”

Lagarde, Dijsselbloem hit back at ECB critics
The heads of the IMF and the Eurogroup hit back at critics of the ECB, saying the central bank is an independent institution.

FBI paid more than $1.3M to break into iPhone
The FBI paid more than $1.3 million to get into the iPhone of one of the San Bernardino shooters.

VW hikes emissions provisions to $18-19B: Report
Volkswagen is hiking its provisions to pay for an emissions cheating scandal, a person familiar with the matter told Reuters on Friday.

China downturn impacting diamond market: Dealer
The Q1 market pressure felt in China, as well as in Russia, has impacted the European jewelry market, says a diamond dealer.

Singapore authorities raid local brokerages
Singapore’s central bank and police are probing possible securities-law breaches. The authorities also reportedly raided several brokers.

These are the 3 stocks to watch on Friday
Three key Dow stocks report earnings before the opening bell and could set the pace for Friday’s trading.

Malaysia Air CEO’s exit revives ‘foreign boss’ furor
The abrupt exit of Malaysia Airlines’ German boss has revived debate over the wisdom of picking a foreigner to run the ailing carrier.

Ecuador hit by new, magnitude 6 earthquake
A powerful earthquake struck off Ecuador’s disaster-stricken coast, as survivors of an earlier deadly quake clamored for aid.

Live: Global stocks down after weak US earnings
Squawk Box Live is watching global markets after disappointing earnings from U.S. blue chips sent stateside stocks into negative territory.

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