R.J. Scaringe, Rivian’s CEO, introduces the world to his company’s R1T all-electric pickup and all-electric R1S SUV at the Los Angeles Auto Show in Los Angeles, California, November 27, 2018.
Mike Blake | Reuters
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Jon McNeill, a former executive at Lyft and Tesla, is the 13th member of GM’s board of directors.
McNeill is currently CEO of DVx Ventures, a venture capital firm he co-founded in 2020.
His appointment is notable, as the Detroit automaker has set a goal to outsell Tesla in all-electric vehicles by mid-decade, followed by exclusively offering EVs by 2035.
A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan. – General Motors will create 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity.
Jeff Kowalsky | AFP | Getty Images
DETROIT – General Motors on Tuesday said it is adding Jon McNeill, a former executive of Lyft and Tesla, to its board of directors.
McNeill, 55, is currently CEO of DVx Ventures, a venture capital firm he co-founded in 2020 that’s focused on investing and growing startup businesses. Before then, he served as chief operating officer at Lyft and president of global sales, delivery and service at Tesla.
GM CEO and Chair Mary Barra, in a release, cited McNeill’s experiences as “a tremendous asset to GM as we accelerate toward an all-electric future.”
McNeill’s appointment is notable, as the Detroit automaker has set a goal to outsell Tesla in electric vehicles by mid-decade, followed by exclusively offering EVs by 2035.
Jon McNeill, poses for a photograph as Tesla opens a service centre at Kong Nam Industrial Building, 603 – 609 Castle Peak Road, Tsuen Wan.
Felix Wong | South China Morning Post | Getty Images
“GM is rapidly changing to meet the world’s need for cleaner and safer transportation and they’re uncovering new growth opportunities with every hardware and software innovation they’re introducing,” McNeill said.
GM’s board, which has been praised for its gender neutrality in recent years, now has 13 directors, six of whom are female. Twelve of the directors are independent.
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“In order to ensure the security of the electricity supply, the Danish authorities have today ordered us to continue as well as resume operations at some of our oil- and coal-fired power stations,” Mads Nipper, the Orsted CEO, says.
Orsted says all of the units concerned will need maintenance in order to get them ready for operation.
The news will dismay those opposed to the continued use of fossil fuels.
Jens Auer | Moment | Getty Images
Energy firm Orsted is to continue or restart operations at three fossil fuel facilities after being ordered by Danish authorities to do so, as governments around Europe ready themselves for winter amid the energy crisis.
In a statement over the weekend, Orsted — whose biggest stakeholder is the Danish state — said the direction had been made “to ensure the security of the electricity supply in Denmark.”
Orsted said the order applied to “unit 3 at Esbjerg Power Station and unit 4 at Studstrup Power Station, which both use coal as their primary source of fuel, and unit 21 at Kyndby Peak Load Plant, which uses oil as fuel.”
Esbjerg Power Station had been slated for decommissioning on March 31, 2023, it added, while the other two units were already decommissioned.
Read more about energy from CNBC Pro
“In order to ensure the security of the electricity supply, the Danish authorities have today ordered us to continue as well as resume operations at some of our oil- and coal-fired power stations,” Mads Nipper, the Orsted CEO, said.
“We will, of course, comply with the Danish authorities’ order, and we’ll now begin preparing and maintaining the units as well as securing the staffing necessary to operate them,” Nipper added.
Orsted said all of the units concerned would need maintenance in order to get them ready for operation, while “highly specialised workers” would also have to be trained to operate the sites.
The company said it had been ordered to keep the three units running until June 30, 2024. Orsted, which is a major player in wind power, has set itself a target of being carbon neutral by the year 2025.
More from CNBC Climate:
The news will dismay those opposed to the continued use of fossil fuels. Coal has a substantial effect on the environment, with Greenpeace describing it as “the dirtiest, most polluting way of producing energy.”
Elsewhere, the U.S. Energy Information Administration lists a range of emissions from coal combustion, including carbon dioxide, sulfur dioxide, particulates and nitrogen oxides.
“We still believe that we, as a society, must phase out the use of gas, oil, and coal as soon as possible, but we’re in the middle of a European energy crisis, and we will, of course, contribute to ensuring the electricity supply to the best of our ability,” Orsted’s Nipper said.
A few days before Orsted’s announcement, another big European energy firm, Germany’s RWE, said three of its lignite, or brown coal, units would “temporarily return to [the] electricity market to strengthen security of supply and save gas in power generation.”
RWE said each of the units had a 300 megawatt capacity. “Their deployment is initially limited until 30 June 2023,” it added.
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The news about RWE and Orsted comes at a time when Europe is scrambling to shore up energy supplies as the war in Ukraine continues. Russia was the biggest supplier of both petroleum oils and natural gas to the EU last year, according to Eurostat.
It has significantly reduced flows of natural gas to Europe after Western nations imposed sanctions on the Kremlin as a result of its unprovoked invasion of Ukraine.
Last week, unexplained leaks affected both the Nord Stream 1 and 2 pipelines, major pieces of infrastructure built to funnel natural gas from Russia to Europe via the Baltic Sea.
—CNBC’s Holly Ellyatt contributed to this report More
Preparing for a business trip to the Middle East? CNBC has made it easy to find the best hotel for the trip.
CNBC Travel and the market data firm Statista today release a ranking of the “Best Hotels for Business Travelers” in the Middle East.
This is the first ranking of its kind between CNBC and Statista, which also jointly released hotel rankings in Europe today. Asia-Pacific rankings were published in September.
In total, we analyzed more than 10,000 four- and five-star hotels in 117 locations to produce lists corporate travelers can trust. We did this using a three-step process:
Asking business travelers and hotel industry professionals to answer a CNBC reader survey which ran from May 3 to June 7, 2022.
Reviewing more than 1 million hotel data points, which included objective information (location, business facilities, food, leisure activities and room characteristics) and subjective reviews (gathered from Google, TripAdvisor, Expedia and similar websites).
Weighting the data to prioritize the hotel characteristics deemed most important in the reader survey.
For full details on our research methodology, click here.
From Abu Dhabi to Tel Aviv, here is the full list of the winners in the Middle East in PDF format — complete with final scores — some of which are highlighted below.
Alternatively, you can search by city or country using the table here:
Abu Dhabi
Rosewood Abu Dhabi
Crowne Plaza Abu Dhabi — Yas Island
Four Seasons Hotel Abu Dhabi at Al Maryah Island
W Abu Dhabi — Yas Island
Beach Rotana Residences
Rosewood Abu Dhabi
Source: Rosewood Abu Dhabi
Rosewood Abu Dhabi is the brand’s only hotel in the United Arab Emirates. With fewer than 200 rooms and suites, it’s not huge, yet it has seven on-site restaurants and lounges. Bookings that include access to the Manor Club come with more than the usual lounge fare: all-day food and evening cocktails, yes — but also early check-ins, spa discounts, boardroom usage and a fitness consultation with a personal trainer.
Ankara
Alegria Business Hotel
Holiday Inn Ankara — Cukurambar
Ankara Atli Hotel
Ankara HiltonSA
Occidental Ankara
The Alegria is all business — as befits its name. Opened in 2020, the hotel blends contemporary decor with simple conveniences. Though it has fewer than 150 rooms, the hotel has the facilities of a large hotel, with a restaurant, rooftop bar, spa, gym and event spaces.
Doha
Alwadi Hotel Doha MGallery
The St. Regis Doha
JW Marriott Marquis City Center Doha
Mondrian Doha
Park Hyatt Doha
Alwadi Hotel Doha MGallery
Source: Alwadi Hotel Doha MGallery
Guests find little fault in the first MGallery-branded hotel to open in Qatar. They praise its service, food and location in the Msheireb downtown district and close to Souq Waqif, Doha’s most famous market. It has four restaurants — including fine Arabic food at Sofra and the poolside O’Glacee — plus a rooftop bar with cocktails inspired by flavors from 28 countries.
Dubai
Sheraton Grand Hotel Dubai
Jumeirah Living World Trade Centre Residence
Waldorf Astoria Dubai International Financial Centre
Pullman Dubai Creek City Centre Residences
Grand Plaza Movenpick Media City
Sheraton Grand Hotel Dubai
Source: Marriott International
There are four Sheratons in Dubai, but the Sheraton Grand Hotel Dubai is the only one with the brand’s “Grand” distinction. Launched in 2015, the designation was created to distinguish standout Sheraton hotels, and this hotel was among the first ten properties to receive the label. The 54-story tall hotel has a bar and pool on the rooftop, plus a ballroom that can seat 400.
Istanbul
Raffles Istanbul
The Ritz-Carlton Istanbul
Witt Istanbul Suites
The Leos Residence
Akgun Istanbul Hotel
Butler service at Raffles Istanbul
Source: Raffles Istanbul
With a posh address at the Zorlu Center, Raffles Istanbul tops CNBC’s hotel list in Turkey’s largest city. Every room comes with a personal butler, available 24 hours a day. There are indoor and outdoor swimming pools, an on-site helipad and “meet and greet” airport service that fast-tracks travelers through passport control.
Izmir
Svalinn Hotel
Izmir Marriott Hotel
Wyndham Grand Izmir Ozdilek
Radisson Hotel Izmir Aliaga
Renaissance Izmir Hotel
The Svalinn Hotel is a practical and popular choice for business travelers in Izmir. Room rates are low, but accolades are high. It has the amenities that business travelers value — an on-site restaurant, bar and patisserie — all just a few miles from Izmir Adnan Menderes Airport.
Jeddah
Assila, a Luxury Collection Hotel, Dschidda
Radisson Blu Hotel, Jeddah Al Salam
Adagio Aparthotel Jeddah Malik Road
Boudl Quraish
Vivienda Jeddah
Assila, a Luxury Collection Hotel, Dschidda
Source: Marriott International
Business travelers may miss having space when staying in city hotels, and Assila has them covered. It’s got rooms and suites, but also one- to four-bedroom apartments. Part of Marriott’s “The Luxury Collection” hotels, the hotel’s business center is anything but an afterthought — it’s a vibrant space awash in natural sunlight with copying and printing services.
Jerusalem
American Colony Hotel Jerusalem
The Inbal Jerusalem
Mamilla Hotel
David Citadel
Waldorf Astoria Jerusalem
American Colony Hotel Jerusalem
Source: American Colony Hotel Jerusalem | Mikaela Burstow
The American Colony Hotel is more akin to a home than a hotel. The original portion of the hotel was the former palace of a pasha — or high-ranking Ottoman official — and his four wives. During its 120-year history, the hotel added three more buildings, including the Cow Byre, a former barn which now has suites with private terraces.
Mecca
Four Points by Sheraton Makkah Al Naseem
InterContinental Dar Al Tawhid
Raffles Makkah Palace
Hilton Makkah Convention Hotel
Park Inn by Radisson Makkah Aziziyah
Four Points by Sheraton Makkah Al Naseem
Source: Marriott International
Four Points by Sheraton Makkah Al Naseem is a large hotel with all the bells and whistles of a branded hotel — a fitness center, 24-hour room service and dry-cleaning services. And with suites with living rooms and marble bathrooms for around $125, the price is right for business visitors who are watching their travel budgets.
Riyadh
Radisson Hotel Riyadh Airport
Movenpick Hotel And Residences Riyadh
Vivienda Hotel Villas Granada
Marriott Riyadh Diplomatic Quarter
Riyadh Diplomatic Quarter — Marriott Executive Apartments
Radisson Hotel Riyadh Airport
Source: Radisson Hotel Riyadh Airport
Travelers landing in Riyadh who want to avoid the half-hour car ride to the city can stay at the Radisson Hotel Riyadh Airport — it’s just five minutes from King Khalid International Airport by car. Rooms are generous with space, ranging from entry-level ones measuring 670 square feet to sprawling villas with offices and private pools.
Tel Aviv
The Norman Tel Aviv
The Drisco Hotel
Ink Hotel
The David Kempinski
The Jaffa Tel Aviv
A beautiful blend of old and new, The Norman Tel Aviv opened in 2014 after an eight-year renovation of its two buildings — the modern main building and a historic residential building next door. Guests in its 50 rooms and suites have access to a rooftop infinity pool, two restaurants and a bar, plus same-day dry-cleaning services.
Shanghai, Mumbai, Melbourne and beyond: CNBC names the best Asia-Pacific hotels for business travel
London, Paris, Frankfurt and beyond: CNBC names Europe’s best hotels for business travel
— Natalie Tham contributed to this report. More
International travel may still have its challenges.
But finding a solid hotel for a business trip isn’t one of them.
CNBC Travel and the market data firm Statista today release a ranking of the “Best Hotels for Business Travelers” in Europe.
This is the first ranking of its kind between CNBC and Statista, who are also releasing hotel rankings in the Middle East today. Asia-Pacific rankings were published in September.
In total, we analyzed more than 10,000 four- and five-star hotels in 117 locations to produce lists corporate travelers can trust. We did this using a three-step process:
Asking business travelers and hotel industry professionals to answer a CNBC reader survey which ran from May 3 to June 7, 2022.
Reviewing more than 1 million hotel data points, which included objective information (location, business facilities, food, leisure activities and room characteristics) and subjective reviews (gathered from Google, TripAdvisor, Expedia and similar websites).
Weighting the data to prioritize the hotel characteristics deemed most important in the reader survey.
For full details about our research methodology, click here.
From Amsterdam to Zurich, here is the full list of the European winners in PDF format — complete with final scores — some of which are highlighted below.
Alternatively, you can search by city or country using the table here:
Amsterdam
Waldorf Astoria Amsterdam
Canal House Suites at Sofitel Legend The Grand Amsterdam
Hotel Okura Amsterdam
Sofitel Legend The Grand Amsterdam
Conservatorium Hotel
Waldorf Astoria Amsterdam
Source: Waldorf Astoria Amsterdam
The Waldorf Astoria Amsterdam tied for the highest scores for customer reviews among Europe’s largest financial centers, a distinction it shared with Rome’s Villa Spalletti Trivelli. Travelers rave about the canal-side location, but they say it’s the smaller points — the turndown service, fresh tulips in the room, the luxurious bedding — that make it one of Amsterdam’s finest hotels.
Berlin
Louisa’s Place
InterContinental Berlin
SO/Berlin Das Stue
Hotel Adlon Kempinski Berlin
KPM Hotel & Residences
In a city with ample competition from major hotel brands, the owner-run Louisa’s Place — named after Queen Louise of Prussia — topped our list. Built around 1900, the boutique hotel in West Berlin has 47 spacious rooms, each with high ceilings and separate bedrooms.
Brussels
Steigenberger Wiltcher’s
Sofitel Brussels Europe
Hotel Manos Premier
Le Louise Hotel Brussels – MGallery
Stanhope Hotel Brussels
Steigenberger Wiltcher’s location on the prestigious Avenue Louise — and its style, aptly described as “luxurious simplicity” — make it a favorite with business travelers in Belgium. Travelers can take an online tour of the hotel before visiting, virtually walking the hallways to peer into its restaurants and ballrooms.
Copenhagen
Charlottehaven
Hotel Kong Arthur
Villa Copenhagen
Hotel Skt Petri
Zoku Copenhagen
Charlottehaven
Source: Charlottehaven
Charlottehaven has hotel apartments in two areas — the larger units in the “Garden” and the newer apartments in the “Tower” which have 180-degree views of the city. The hotel combines kitchens, laundry areas and other comforts of a house with the amenities of a hotel. Nearby metro and train stations make it easy to commute around the city too.
Dublin
The Merrion
InterContinental Dublin
The Marker
Camden Court Hotel
The Shelbourne, Autograph Collection
The Merrion
Source: The Merrion
Scoring 3.78 (out of a possible 4 points), the five-star Merrion hotel in the center of Dublin tied for the second highest overall score in Europe. Its 142 rooms and suites are inside four restored Georgian townhouses dating to the 1760s. There’s also a two-star Michelin restaurant — Ireland’s first — plus two bars, a spa and six meeting spaces.
Frankfurt
Sofitel Frankfurt Opera
JW Marriott Hotel Frankfurt
Best Western Premier IB Hotel Friedberger Warte
Le Meridien Frankfurt
Steigenberger Airport Hotel Frankfurt
Sofitel Frankfurt Opera
Source: Sofitel Frankfurt Opera
The Sofitel Frankfurt Opera is on Opera Square, or the Opernplatz, near the city’s famed opera house. In addition to its central location, the hotel wins over business travelers for the small touches that make for seamless stays: complimentary car valets and minibar beverages, 24-hour room service and stylish rooms outfitted with Illy espresso machines and Bose sound systems.
Geneva
Four Seasons Hotel des Bergues Geneva
Fairmont Grand Hotel Geneva
Hilton Geneva Hotel and Conference Centre
The Woodward Geneve
La Reserve Geneve Hotel & Spa
Four Seasons Hotel des Bergues
Source: Four Seasons Hotel des Bergues Geneva
Marble bathrooms, down pillows and balconettes with unobstructed views of Lake Geneva — these are some of the reasons the Four Seasons Hotel des Bergues Geneva consistently ranks among the city’s most luxurious places to stay. Business travelers can take meetings to the next level with private tours of the nearby Patek Philippe Museum or helicopter tours over Mont Blanc — with all details organized by the hotel.
London
The Langham London
The Savoy
Bulgari Hotel London
One Aldwych
The Lanesborough
The Langham London
Source: The Langham London
The Langham London is a U.K. institution. It’s got a West End location, restaurants helmed by the two-Michelin starred chef Michel Roux Jr., and a bar, Artesian, that was named the world’s best four times in a row. Travelers who book executive rooms or higher get access to The Langham Club, which comes with perks like private check-ins, pressing services, all-day dining options and private meeting spaces.
Madrid
Gran Hotel Ingles
Barcelo Torre de Madrid
Rosewood Villa Magna
VP Plaza Espana Design
Wellington Hotel & Spa Madrid
Gran Hotel Ingles
Source: Gran Hotel Ingles
It’s rare for a small property to outrank major hospitality companies, but Gran Hotel Ingles has done exactly that. “Pure luxury” is how the 48-room hotel is described by travelers, from its sleek interior to its cocktail weekend events accompanied by live music. Opened in 1886, the hotel is said to be Madrid’s oldest.
Milan
Hotel Viu Milan
Excelsior Hotel Gallia
Best Western Plus Hotel Galles
Milano Verticale | UNA Esperienze
Armani Hotel Milano
Hotel Viu Milan
Source: Marriott International
The website for Hotel Viu Milan leads off — not with its rooms or restaurants — but with one word: bleisure. That’s because this hotel is serious about blending business stays with relaxation: morning yoga on the terrace, aperitives after work and dinner at the on-site restaurant Morelli, helmed by the Italian Michelin-starred chef Giancarlo Morelli.
Oslo
The Thief
Hotel Continental
Radisson Blu Scandinavia Hotel, Oslo
Clarion Hotel The Hub
Scandic Holmenkollen Park
Source: The Thief
The Thief Hotel on Tjuvholmen, or “Thief Islet,” takes its name from its seedy past as a hotbed of criminals. Now it’s an upmarket neighborhood known for art and architecture. Art features prominently in the hotel too, as do designer furniture and upmarket Nordic cuisine.
Rome
Hotel de la Ville
Villa Spalletti Trivelli
Hotel Villa Pamphili Roma
Hotel Artemide
Anantara Palazzo Naiadi
The historic Hotel de la Ville, next to the Spanish Steps, is a Rocco Forte Hotel — a company bearing the name of one of Italy’s most famous hotelier families. Business travelers love its rooftop bar and central courtyard, but it’s the concierge — known to help with insider tips and hard-to-book restaurant reservations — that gives the hotel the edge in Italy’s capital city.
Paris
Le Bristol Paris
Les Jardins du Faubourg
Kimpton – St Honore Paris
Pullman Paris Center-Bercy
Le Meurice
Le Bristol Paris
Source: Le Bristol Paris | Claire Cocano
Guests of Le Bristol Paris can count President Emmanuel Macron as a neighbor — Elysee Palace, the official residence of France’s president — is just steps away. From white-gloved service to its three-Michelin-starred restaurant Epicure, the hotel is the height of Parisian elegance and culinary excellence.
Stockholm
Grand Hotel Stockholm
Radisson Blu Waterfront Hotel Stockholm
Hotel At Six
Bank Hotel
Lydmar Hotel
Grand Hotel Stockholm
Source: Grand Hotel Stockholm
Tying for No. 2 in overall points with Dublin’s The Merrion, the stylish Grand Hotel Stockholm secured the top score for its amenities and facilities, not only in Sweden, but in all of Europe. Its waterfront location is bolstered by four restaurants, a champagne bar, spa and gym, the latter with personal trainers. Room service is available round the clock for those with late-night work to complete.
Vienna
Palais Coburg Hotel Residenz
Hotel Sans Souci Wien
The Ritz-Carlton, Vienna
The Harmonie Vienna
Grand Hotel Wien
This grand hotel built in 1845 is the former home of Austrian royalty. The all-suite boutique hotel has a restaurant with two Michelin stars and a wine cellar that is said to house some 60,000 bottles of wine.
Zurich
The Dolder Grand
Widder Hotel
Baur au Lac
Park Hyatt Zurich
Acasa Suites Zurich
The Dolder Grand
Source: The Dolder Grand
The Dolder Grand may have opened in 1899, but this hotel outside of Zurich’s city center has an almost futuristic feel. The interior features works by Salvador Dali and Jean Tinguely, and it has a two-Michelin starred restaurant and a 4,000-square-foot spa. From royalty to rock legends, former guests include King Charles and The Rolling Stones.
Shanghai, Mumbai, Melbourne and beyond: CNBC names the best Asia-Pacific hotels for business travel
— Natalie Tham contributed to this report. More
Monday – Friday, 6:00 – 7:00 PM ET
CNBC’s Jim Cramer on Monday said that investors should ignore negative calls about Apple and hold onto their shares of the company.
“The next time you hear this Apple mishegoss, you need to recognize that you’re still getting one more buying opportunity in what I consider to be the greatest stock of all time,” he said.
CNBC’s Jim Cramer on Monday said that investors should ignore negative calls about Apple and hold onto their shares of the company.
“The next time you hear this Apple mishegoss, you need to recognize that you’re still getting one more buying opportunity in what I consider to be the greatest stock of all time,” he said.
related investing news
His comments come after Morgan Stanley estimated that the iPhone maker’s App store net revenue tumbled a record 5% last month, citing a drop in gaming revenue as well as inflationary and recessionary headwinds affecting discretionary spending.
Apple said in July that it expects less than 12% growth in services in the September quarter due to the strong dollar and macroeconomic headwinds.
Cramer said that the company’s suite of products is too valuable to customers for them to turn away from Apple services. He acknowledged that there are short-term concerns with Apple but maintained that investors shouldn’t sell any of their shares due to negative news.
“In the end, Apple has been a tremendous stock to own and a terrible stock to trade,” he said.
Disclaimer: Cramer’s Charitable Trust owns shares of Apple.
Jim Cramer’s Guide to Investing
Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter.
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Monday – Friday, 6:00 – 7:00 PM ET
It’s that time again! “Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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Walt Disney Co: “I’m very, very bullish. Bought some stock last week for the Investing Club.”
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Rio Tinto PLC: “I do think that the minerals may have bottomed here. I do think it’s also, by the way, a great company.”
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Macy’s Inc: “I prefer you buy it, not sell it. … I’d say, stick with it.”
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Salesforce Inc: “That stock’s been cut in half. … But I am a guy who sticks with [CEO Marc] Benioff.”
Disclaimer: Cramer’s Charitable Trust owns shares of Disney, Coterra and Salesforce.
Jim Cramer’s Guide to Investing
Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter.
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Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California.
Justin Sullivan | Getty Images
Check out the companies making headlines after hours.
Rivian — Shares of the electric vehicle maker increased 2.7% after announcing after the bell that production met expectations in its quarter ending Sept. 30.
Dynatrace — The software intelligence company jumped 4.6% after being upgraded to a buy from JPMorgan. Earlier, the stock rose 3% during regular trading.
Kezar Life Sciences — Shares of the biotechnology company were up 2.3% after it announced FDA clearance of its investigational new drug application for an autoimmune hepatitis treatment.
Rocket Pharmaceuticals — The stock dropped 4.6% after the company started a $100 million secondary. Underwriters have a 30-day option to purchase up to $15 million in additional shares.
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