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2025-01-11

This is CNBC's live blog covering European markets. European stocks are set to open in negative territory Thursday, with French markets in focus after Prime Minister Michel Barnier's government was toppled in a vote of no confidence Wednesday. A majority of lawmakers from both the left-wing New Popular Front alliance and the far-right National Rally supported a no-confidence motion in the country's lower house yesterday evening. Motions had been tabled by both the left- and right-wing blocs Monday after Barnier, who has been in power for only three months, used special constitutional powers to force a social security budget bill through Parliament without a vote. The move angered opposition parties and, last night, deputies on the left and right ousted the government. Barnier is expected to resign Thursday, but he could remain in charge of a caretaker government while President Emmanuel Macron searches for a replacement. Elsewhere overnight, Asia-Pacific markets traded mixed after Wall Street stock benchmarks notched record highs yesterday. U.S. stock futures were broadly unchanged on Wednesday night. There are no major earnings or data releases in Europe Thursday. Bitcoin tops $100,000 for the first time ever The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening. The flagship cryptocurrency was last higher by more than 7% at $102,879.60, according to Coin Metrics. Earlier, it rose as high as $103,844.05. The move came hours after President-elect Donald Trump announced plans to nominate Paul Atkins as chair of the Securities and Exchange Commission. The same day, Federal Reserve Chair Jerome Powell said bitcoin was "just like gold only it's virtual, it's digital," speaking at the DealBook conference . For more on bitcoin's historic milestone read our full story here . — Tanaya Macheel CNBC Pro: 'It is key to remain invested,' Julius Baer portfolio manager says. Here's how she's investing The persistent uncertainty in financial markets has raised questions on portfolio construction and how to invest across asset classes as 2025 nears. One long-term investor is now playing the market by staying invested and being well-diversified. "We believe it is key to remain invested and view any potential corrections as technical and temporary opportunities to get into the market," Julius Baer International's portfolio manager Aneka Beneby said. She also revealed how and what she is allocating to in the lead up to the new year. CNBC Pro subscribers can read more here. — Amala Balakrishner European markets: Here are the opening calls European markets are expected to open lower Thursday. The U.K.'s FTSE 100 index is expected to open 17 points lower at 8,342, Germany's DAX down 7 points at 20,225, France's CAC down 28 points at 7,275 and Italy's FTSE MIB down 82 points at 33,747, according to data from IG. There are no major earnings or data releases in Europe Thursday. — Holly EllyattNone7xm withdrawal requirements

‘World at dawn of third nuclear age’, armed forces chief warnsMinister of Tourism, Edmund Bartlett, says the Caribbean region must not be left behind in taking advantage of artificial intelligence (AI) to propel the tourism sector forward. He said that as the global tourism landscape becomes increasingly competitive, more countries are recognising the potential of AI, and Jamaica and the wider Caribbean must utilise the technology to maintain the region's competitive edge. Bartlett, who was addressing a forum at the Sandals Royal Plantation in Ocho Rios, St Ann on Friday, noted that AI can become a pivotal tool in enhancing operational processes and creating more personalised experiences for travellers. “We are now seeing where many countries are not just using AI to streamline operations but also to enhance customer service. They have also been using the tool to analyse vast amounts of data to identify trends, preferences, and behaviours, enabling businesses to tailor their offerings to meet the specific needs of travellers. We can't afford to be left behind,” he said. “We are at an exciting time in tourism history where, if leveraged correctly, we will be able to improve our processes and ultimately make more targeted and strategic decisions,” he added. Bartlett said the potential applications of AI in tourism are vast, ranging from automated customer service systems to advanced data analytics that inform marketing strategies. He said AI-powered chatbots can provide 24/7 assistance to travellers, answering queries and offering personalised recommendations. In addition, he noted that predictive analytics can help businesses anticipate traveller demand, allowing them to adjust pricing and availability accordingly. “The key lies in understanding the needs of the new landscape, which is increasingly driven by technology,” the Minister pointed out. “From smart hotel rooms equipped with voice-activated controls to mobile apps that facilitate seamless check-ins, technology is fundamentally changing the way travellers interact with their destinations. In this context, Jamaica and the Caribbean must not only keep pace but also lead in the adoption of innovative solutions,” he said. The Minister underscored the importance of training tourism workers to adapt to “this new technological frontier.” “This proactive approach to workforce training is crucial, as it empowers employees to utilise AI tools effectively, fostering an environment of innovation and adaptability,” he said. Noting that the integration of AI in tourism is not without its challenges, Minister Bartlett said that concerns about job displacement and the digital divide must be addressed to ensure that the benefits of technology are equitably distributed. “While there is the relative fear of the unknown as it relates to technology, the world has been a better place, and mankind has benefited as a result of the advancement of technology,” he added. - JIS News Follow The Gleaner on X and Instagram @JamaicaGleaner and on Facebook @GleanerJamaica. Send us a message on WhatsApp at 1-876-499-0169 or email us at onlinefeedback@gleanerjm.com or editors@gleanerjm.com .

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