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☆ Michelin Guide history: How did a tire company become a restaurant rating guide?
▼ + stars: | 2024-02-10 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +14 min

Enter a pocket-sized red book known as the Michelin Guide. As a result, more French people had a desire to tour the country, making the Michelin Guide increasingly essential. The Michelin Guide now covers over 30,000 restaurants across three continents and more than 30 million guides have been sold. Addison is one of 13 three-star Michelin restaurants in the US and the only one in all of Southern California. A Michelin logo on a chef's uniform at the gala presentation of the Michelin Guide Spain on December 14, 2021.

Persons: André, Édouard Michelin, André Michelin, Édouard, Olivier Darmon, Guenter, ” Darmon, Darmon, ” William Bradley, Addison, William Bradley, Lauren di Matteo Addison, Bradley, ” Bradley, “, Roberto Alcocer, Christophe Bellanca, Christophe, Jordan Younis, Liz Clayman, Christophe Bellanca’s, they’re, Gwendal Poullennec, Richard Saker, Christophe Bellanca's, Alan Batt, ” Poullennec, Taylor Swift’s, Jorge Gil, Carbone, Jay, Kim Kardashian, Barack Obama, It’s, didn’t, Kevin Thornton’s, ” Thornton, Thornton, Michelin “, Bobby Yip, don’t, ’ ”, Alcocer, He’s, ” Bellanca Organizations: New, New York CNN, Michelin, Ferrand, Michelin Tire Company, Compagnie, des, Culture, AAA, CNN, Washington Post, Bellanca, Michelin Guides, Spain, Europa Press, Major Food Group, Irish Times, Conted, Reuters Locations: New York, Clermont, Paris, France, Europe, United States, San Diego, Southern California, Addison, Valle, Mexican, Oceanside, Oceanside , California, New York City, Cartmel, Cumbria, England, Kevin Thornton’s Dublin

☆ How 'quiet luxury' is subtly taking over investor portfolios
▼ + stars: | 2024-01-30 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

So what is "quiet luxury"? Quiet Luxury's outperformance over Loud Luxury in 2023. "Hence, in 2023, quiet luxury companies notably outperformed their loud peers by 23% points. According to DBS, a company fall under its categorization of "quiet luxury" if it's understated and focused on high quality, while maintaining exclusivity and scarcity. Loud luxury not in vogue

Persons: Karin Teigl, Kelly, Baum, Jeremy Moeller, Miu Miu, Brunello, Hou Wey Fook, Hermes, LVMH Moët Hennessy Louis Vuitton, Markus Hansen, Hansen, Goldman Sachs, — Organizations: Getty, DBS Bank, Financière Richemont, Swatch Group, DBS, Richemont, Swatch, CNBC, U.S Locations: VIENNA, AUSTRIA, Asia, South Korea, Japan, India

☆ Review: They Fly. They Spin. They Change How You See the Amazing.
▼ + stars: | 2024-01-24 | by ( Brian Seibert | ) www.nytimes.com time to read: +1 min

Inverted, they spin on one or both hands or on their heads, legs spiraling. Upright, they bound into the air, as if off trampolines, ball up their bodies and rapidly rotate in high-flying arcs. What for other dancers might be show-off steps are integrated into a poetic vision, a different way of being. Like all the works the company has performed in New York, this is very much an ensemble piece. For 75 minutes, its 18 dancers never leave the stage.

Persons: Koubi’s “ Sol Invictus, Van Cleef Organizations: Hervé, New York, Joyce Locations: Koubi’s, New, New York

☆ Richemont digital strategy goes back to square one
▼ + stars: | 2023-11-29 | by ( Lisa Jucca | ) www.reuters.com time to read: +3 min

The logo of the luxury goods company Richemont is pictured at its headquarters in Bellevue near Geneva, Switzerland, June 2, 2022. REUTERS/Denis Balibouse Acquire Licensing RightsMILAN, Nov 29 (Reuters Breakingviews) - Johann Rupert’s digital strategy may be heading back to the drawing board. But even if Rupert can extricate himself from the Farfetch situation, Richemont’s digital plans will still be unclear. In August 2022 Richemont agreed to sell a 47.5% stake in its digital platform, Yoox Net-A-Porter, to Farfetch. Shares in Richemont were up 1.5% by 1100 GMT on Nov. 29.

Persons: Denis Balibouse, Johann Rupert’s, Porter, Cartier, Rupert, Farfetch, José Neves, Richemont, Financiere Richemont, Peter Thal Larsen, Oliver Taslic Organizations: REUTERS, Reuters, The Telegraph, Financiere, Telegraph, Thomson Locations: Bellevue, Geneva, Switzerland, Swiss, U.S, YNAP, New York, Richemont

☆ Paris 2024 calls for vigilance amid disinformation campaign
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +2 min

The logo of the Paris 2024 Olympics and Paralympics Games is seen on an official toy mascot at the Doudou et Compagnie factory in La Guerche-de-Bretagne near Rennes in Brittany, France, April 12, 2023. "Between now and the Games, Paris 2024 will continue to monitor, in conjunction with the relevant authorities, the veracity of information circulating about the event and its organisation," Paris 2024 said in a statement on Tuesday. Ties between Paris and Baku have been strained in recent months and have worsened since Baku took control of the Nagorno-Karabah region. Paris 2024 said it was not the first time such campaigns had been aimed at the Games. In summer 2022, a video from New York Insider linking the June riots to the organisation of Paris 2024 went viral, it said.

Persons: Stephane Mahe, VIGINUM, Julien Pretot, John Irish, Angus MacSwan Organizations: Paralympics, Compagnie, REUTERS, Games, New, Paris, Thomson Locations: La Guerche, Bretagne, Rennes, Brittany, France, Azerbaijan, Paris, Baku, Karabah, New York

☆ The night train revolution has been hailed as an alternative to airplanes. Here’s how that’s going
▼ + stars: | 2023-11-12 | by ( Ben Jones | ) edition.cnn.com time to read: +13 min

Wherever they run, night trains are complicated, labor intensive and expensive to operate – one of the major reasons they went into decline in the first place. The $770 million contract could eventually see up to 370 new overnight carriages introduced to update Italy’s entire overnight train fleet. “Politicians must be clear: the night train market will be effectively closed for a very long time,” he says. So, what does all this mean for the much-vaunted night train revolution? With the honorable exception of government-subsidized Nightjet, which plans to expand rapidly over the next five years, European night train services have yet to match the hype.

Persons: Love, James Brown, David Bowie, Ray Charles, –, they’ve, Charisius, Agatha Christie, James Bond, Mark Smith, ”, “, ÖBB, “ Superliner, Kuleshova, Smith, it’s, Alex Halada, Nick Brooks Organizations: CNN, Orient Express, Austrian Federal Railways, Swiss Federal Railways, Deutsche Bahn, Italian State Railways, Amtrak, California Zephyr, European, Bloomberg, Getty, Regiojet, Compagnie Internationale des, VIA Rail, European Union, Frankfurt, Eurostar, EU Rail, EU Locations: Europe, Russia, Scandinavia, Vienna, Hamburg, Germany, Austria, Italy, Hungary, Poland, Czech Republic, Paris, Brussels, Amsterdam, France, Sweden, Milan, Sicily, Messina, Europe’s, United States, Berlin, Stockholm, Denmark, Czech, Prague, Croatia’s, London, Dresden, Copenhagen, Barcelona, Spain, Venice, Florence, Rome, Madrid, Porto, Portugal, Edinburgh, Zurich, AFP, EU

☆ Birkenstock IPO gets predictable shoeing
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

A sign is illuminated at the entrance to a Birkenstock shoe store in London, Britain, October 11, 2023. REUTERS/Toby Melville Acquire Licensing RightsNEW YORK, Oct 11 (Reuters Breakingviews) - Birkenstock’s (BIRK.N) IPO is a flop. The Birkenstock enterprise was gunning for a multiple of 19 times EBITDA, well above that of Europe's luxury conglomerates. And if the first-day stock woes stick, a suitor might soon walk all over Birkenstock. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Toby Melville, L, gunning, Oliver Reichert don’t, Bernard Arnault, Pamela Barbaglia, Jeffrey Goldfarb, Sharon Lam Organizations: REUTERS, Reuters, Tech, Compagnie Financiere, X, Qantas, Thomson Locations: London, Britain, United States, Europe, New York, Brussels

☆ Stocks making the biggest premarket moves: Pioneer Natural Resources, Levi Strauss, Tesla, Philips and more
▼ + stars: | 2023-10-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading:Pioneer Natural Resources — The energy stock soared nearly 10% in premarket trading after The Wall Street Journal reported Pioneer was close to reaching a deal to be bought by Exxon Mobil for about $60 billion. Levi Strauss — The denim apparel maker shed 1.3% after cutting its full-year sales forecast. Apellis Pharmaceuticals — Shares of the biopharmaceutical company rose 5.5% after Apellis reported growing sales for its Syfovre drug in August. Aehr Test Systems — Shares fell more than 11% despite Aehr Test Systems reporting an earnings and revenue beat for its first quarter. Frontline — The shipping stock shed 4.8% in premarket trading after Euronav said its second shareholder, Compagnie Maritime Belge, would acquire Frontline's shares in Euronav for $18.43 per share.

Persons: Levi Strauss, Philips —, ResMed, Tesla, Euronav, Macheel, Jesse Pound Organizations: Resources, Street Journal, Exxon Mobil, Exxon, Philips, U.S . Food, Drug Administration, FDA, U.S, Apellis Pharmaceuticals, JPMorgan, Aehr, Systems, Compagnie Maritime Belge Locations: Dutch, U.S, Euronav

☆ No restrictions on hijab in Paris 2024 Games' athletes village-IOC
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsBERLIN, Sept 29 (Reuters) - Athletes can wear a hijab in the Paris 2024 Olympic Games athletes' village without any restriction, the International Olympic Committee said on Friday, days after France's sports minister banned it for the host country's athletes. The Olympic body also said it needed to better understand the situation in France and had been in contact with the French Olympic Committee (CNOSF). French Sports Minister Amelie Oudea-Castera said on Sunday French athletes would be barred from wearing a hijab during the Paris Games to respect principles of secularism. The vast majority of the approximately 10,000 athletes at Olympic Games reside in apartments in the Olympic village and share common spaces, including dining halls and recreational areas. There are 32 sports on the programme of the Paris Games.

Persons: Stephane Mahe, Amelie Oudea, Castera, Emmanuel Macron, Karolos, Toby Davis Organizations: Paralympics, Compagnie, REUTERS, Rights, International Olympic, French Olympic, French Sports, Sunday, Paris Games, IOC, Olympic Games, International Federation, United Nations, Thomson Locations: La Guerche, Bretagne, Rennes, Brittany, France, Paris, ”

The report highlights the numerous human rights violations that have occurred as a result of mining activity. The mine is operated by Compagnie Minière de Musonoie Global SAS, or COMMUS, a joint venture between Chinese company Zijin Mining and the state-owned Gecamines mining company. Often there was no grievance mechanism, accountability, or access to justice.”Amnesty International says companies are not doing enough to address human rights concerns and are disregarding international human rights laws and standards, as well as national legislation and U.N. Guiding Principles on Business and Human Rights. Decarbonizing the global economy must not lead to further human rights violations,” it said.

Persons: “ Ernest Miji, Chemaf, COMMUS, Donat Kambola Organizations: Amnesty International, U.S . House, Good, Human, Resources, Residents, Coalition, Rights, Amnesty, Compagnie Minière de, Global SAS, Mining, AP Locations: ABUJA, Nigeria, Congo, U.S, Kolwezi, Lualaba Province, Lualaba, Dubai, Cité

A coffee machine featuring Novo Nordisk logo is seen at the company headquarters in Copenhagen, Denmark, February 5, 2020. REUTERS/Jacob Gronholt-Pedersen/File Photo Acquire Licensing RightsLONDON, Sept 1 (Reuters) - Danish drugmaker Novo Nordisk briefly unseated LVMH (LVMH.PA) as Europe's most valuable listed company in intraday trading on Friday, ending the French luxury group's 2-1/2 year-long reign at the top. At 0843 GMT, Novo Nordisk (NOVOb.CO) had a market capitalisation of $421 billion including unlisted stock, according to Refinitiv data and company disclosures of its share count. By 1031 GMT, Novo Nordisk shares were up 1% while LVMH shares were down 0.4%. LVMH shares have fallen 13.8% from an all-time high hit in April, underperforming Europe's broader STOXX 600 which is down around 1.9% in the same time frame.

Persons: Jacob Gronholt, Pedersen, LVMH, Ozempic, Wegovy, Novo's, Louis Vuitton, Marcel Stotzel, Stotzel, Eli Lilly, Axelle Pinon, Mounjaro, Novo, Carmignac's Pinon, Hennessy, Tiffany, Fiona Cincotta, Hermes, Samuel Indyk, Amanda Cooper, Catherine Evans Organizations: Novo Nordisk, REUTERS, Nestle, Dior, Fidelity European Fund, Fidelity European Trust, Barclays, Index, Financiere, Thomson Locations: Copenhagen, Denmark, Danish, LVMH, United States, China, Covid

☆ China publishes rules to boost data security in money brokering
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Aug 30 (Reuters) - China published rules on Wednesday aimed at boosting data security in the money brokering industry, five months after a disruption in data services caused two days of chaos in the country's $21 trillion bond market. Five financial watchdogs, including the central bank as well as forex and securities regulators, urged interdealer brokers to improve data and risk management, and safeguard data security. Interdealer brokers, when offering data services, "must not endanger national security, financial safety and public interest," the regulators said in a joint statement. Chinese regulators in March suspended the data feed business of money brokers, citing data security concerns, triggering a slump in bond trading turnover as many traders lost immediate access to real-time data. China has in recent years grown more concerned over data security and rolled out new laws and compliance requirements for companies.

Persons: LSEG, Tullett, Jacqueline Wong, Muralikumar Anantharaman, Mark Potter Organizations: China Foreign Exchange Trade System, Shanghai Stock Exchange, Information Co, Refinitiv Information Services, Co, Bloomberg L.P, Thomson Reuters, London Stock Exchange, Reuters, NEX International, Partners, Central, Financiere, National Administration of Financial, Cyberspace Administration, Shanghai, Thomson Locations: SHANGHAI, China, LSEG ., Central Tanshi

☆ A new all-business class airline is launching flights between the US and Bermuda — see what it'll be like aboard
▼ + stars: | 2023-08-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: +2 min

A new all-business class airline called BermudAir is launching flights to the US on August 31. BermudAir's jets will start service with 88 coach seats before "Aisle Class" is installed in November. On Thursday, new airline BermudAir officially launched as the archipelago's only carrier flying year-round service to and from the US. The inaugural flight will be on August 31 from Bermuda L.F. Wade International Airport to Boston Logan International Airport, and bookings are now open to the public. However, supply chain issues have delayed the all-business class configuration, so the first few months of flying will see 88-seater jets only filled to half capacity.

Persons: it'll, Adam Scott, E175s Organizations: Morning, BermudAir, Wade International, Logan International Airport, Westchester County Airport, Hollywood International, La Compagnie, Compagnie Locations: Boston, Westchester County, Fort Lauderdale, Bermuda, Bermuda L.F, Westchester, New York, Manhattan, Europe

This has in turn meant authorities have urged climbers to delay scaling the mountain, which straddles the French-Italian border, because high temperatures have created dangerous conditions. "The heat wave has also an impact on high mountains, it doesn't stop on the plains," said Nicolas Zickler, commanding officer of a high mountain police rescue team. "The routes have changed, the timing of the season has changed, the weather conditions have changed," she said. "The decrease of the glaciers is worrying," said the president of Mont Blanc guide company Compagnie des Guides de Chamonix, Olivier Greber. Reporting by Cecile Mantovani, Denis Balibouse, Writing by Charlotte Van Campenhout; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Mat Cooper, Daniel Trevena, Les Cosmiques, Denis Balibouse, Nicolas Zickler, Cooper, Mont, Olivier Greber, It's, Cecile Mantovani, Charlotte Van Campenhout, Chris Reese Organizations: REUTERS, Compagnie des Guides de Chamonix, Thomson Locations: Chamonix, France, Blanc, CHAMONIX, Mont Blanc, Australian, Swiss, Blanc's

☆ Beond: the new Maldives airline that's all business class
▼ + stars: | 2023-07-24 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +9 min

BeondAbout three dozen airlines currently offer service to Velana International Airport, the Maldives’ main airport near the capital island Malé. “The Maldives is one of those markets that can fill an aircraft, even a mostly economy class cabin,” says Feuerherd. However all-business class airlines have used narrow-bodies before. There are no direct flights from Delhi, but carriers including Air India have business class seats from around $750 with a single connection. “There probably is a niche to carve out of premium travelers who want more of a private jet experience, but maybe don’t have the private jet budget.”

Persons: CNN —, –, ”, Sascha Feuerherd, “, Beond, “ We’re, they’d, Arabesque, coy, Feuerherd, it’s, Matteo Colombo, Rob Morris, ” Mike Stengel Organizations: CNN, Ferrari, Airbus, Velana International, Emirates, Qatar Airways, Turkish Airlines, Beond, Perth, Boeing, La Compagnie, British Airways, Etihad, Oman Air, Air India, – Locations: Maldives, India, ”, Malé, Dubai, Delhi, Germany, Frankfurt, Munich, Asia, UAE, Maldivian, Europe, Japan, South Korea, China, Australia, South Africa, Cape Town, La, French, Paris, New York, London, Oman, Emirates, Cirium, – Dubai, Qatar

☆ Luxury tests limits of its immunity to downturns
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 17 (Reuters Breakingviews) - Compagnie Financiere Richemont (CFR.S) is testing the limits of luxury’s immunity to downturns. Shares of other big luxury players, including $236 billion Hermes International (HRMS.PA) and $502 billion LVMH (LVMH.PA), also fell 4.2% and 3.7% respectively. The top 5% of wealthiest shoppers who are probably less sensitive to inflation drove around 40% of global luxury sales last year, according to Boston Consulting Group. Shares in the European luxury sector are on average up 69% since the start of the pandemic in 2020. Meanwhile, revenue in Asia, which makes up 40% of Richemont's revenue, grew 40% year-on-year in the last quarter.

Persons: Cartier, U.S . downer, Karen Kwok, George Hay, Sharon Lam Organizations: Reuters, Financiere, Hermes, Boston Consulting, Citi, U.S ., Twitter, Cathay, Thomson Locations: Asia

The case against Saint-Gobain and its local unit was filed to the Competition Commission of India (CCI) in May by a retired glass industry executive, whose name was redacted in the documents as the person sought confidentiality. Saint-Gobain has a 44% share of the float glass market in India and a 19% share of the coated one, according to the documents. The group and its India unit, Saint-Gobain India Private Limited, "conduct their activities in compliance with laws", in particular competition law, it said. The May 25 case documents allege Saint-Gobain entered into agreements with glass processors, forcing them to "exclusively" purchase glass from the company or face stopped supplies if that obligation is not fulfilled. Saint-Gobain counts India as a key market.

Persons: Gonzalo Fuentes, Gobain, Benoit Bazin, Aditya Kalra, Muralikumar Organizations: La Defense, REUTERS, India, Company, Compagnie de Saint, Reuters, Saint, Competition Commission of India, Limited, DLF, Thomson Locations: Courbevoie, Paris, France, India, DELHI

☆ In 7 Great Cities, 7 Great Walks
▼ + stars: | 2023-06-19 | by ( Christine Chitnis | The New York Times | ) www.nytimes.com time to read: +32 min

Urban Walks In 7 Great Cities, 7 Great Walks The pleasures of strolling through an urban landscape are manifest. Credit... Joann Pai for The New York Times Its organically styled bouquets feel as though they’ve been freshly picked from the garden. Credit... Joann Pai for The New York Times Image Astier de Villatte specializes in antiques and tableware. Three quarters of a mile into the walk, you’ll be standing atop the first of three mountains, the 1,100-foot-high Inwangsan. Credit... Petrina Tinslay for The New York Times Few cities are so abundant with forest-like parks, coastal walks and beaches as Sydney, which is best explored on foot.

Persons: Joann Pai, Sandra Sigman, ”, Sigman, de Mars, you’ll, Dominique, Boulangerie Laurent B, Bellechasse, Germain, Bac, Pierre Hermé, monsieur, Le, Rue de Babylone, Sèvres, Rue de l’Abbaye, de Furstemberg, Furstemberg, they’ve, Tournon —, Villatte, Queen Marie de ’, Palazzo Pitti, Fna, Imane, —, Rue Riad Zeitoun, Rue Djane Ben Chegra, Rue Laarassi, darija, Rue Sidi Boulabada, Rue Bab Ahmad, Rue Bin Lafnadek, Michael Park, it’s, Earl Grey scones, Hadid, Petrina, It’s, Strickland, Carlos Drummond de Andrade, Ian Cheibub, Ayrton Senna, touristy, Clarice Lispector, altinha, Tom Jobim, toting Tom Jobim, Osório, Rua Vinícius de Moraes Organizations: Shops, Jardin de, The New York, Rue Saint, Mars, ., The New York Times, des Invalides, Saint, Blvd . Saint, Rue de, Rue du, Rue de Rennes, de, Compagnie Française, Français, du, Palazzo, Credit, Rue Riad, des, Rue Bahia Bab, Moors, Jewish, Rue, Rue Sidi, Tachenbacht, Rue Bin, Wall ., Korean, South Korean, Milk, Nielsen, New, Opera, Milk Beach, Gibsons, Reserve, South, Heritage, Hornby, Fort, Francisco, Rua Locations: Cities, Paris, Seoul, Marrakesh, Jardin, Jardin de Luxembourg, Rue, Esplanade des Invalides, Blvd, Raspail, bac, Rue de Bac, Bac, Rue de Babylone, Seine, Astier, Français ., du Luxembourg, Italian, Florence, medina, Moroccan, Central Park, Jemaa, ., El, unburied, El Badi, Spain, Marrakesh ., darija —, Marrakesh enfolds, Morocco, Naksan Park, Gyeongbokgung, Scoff, Inwangsan, Seongbuk district, Dongdamun, Sydney, Hermitage, Bayview Hill, Vaucluse, Watsons, Queens Beach, . Credit, Bayview, Fort Denison, Sydney Harbour’s, Milk, Camp Cove . Credit, Parsley Bay, Hopetoun, Palmerston, Moreton, Camp Cove Beach, Mosman, Balgowlah, Manly, Bay, Watsons Bay, de Janeiro, Copacabana, Rio de Janeiro, Brazilian, Ipanema, Rio, Beach . Credit, Italy, Copacabana Beach . Credit, de, Leme, Fort Copacabana, Arpoador, Vero, Polis Sucos, Polis

☆ I've flown in 4 different business class seats in the past year and each had something that set it apart. Here's how Singapore Airlines, ANA, Air New Zealand, and La Compagnie compare.
▼ + stars: | 2023-04-16 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

After seeing the future product in person, I'm looking forward to Air New Zealand's new business class. The author flying Air New Zealand in business class in September 2022 on the inaugural nonstop flight from New York to Auckland. Taylor Rains/InsiderDisclaimer: Insider paid a media rate for the Boeing 787 business class flight from New York to Auckland in September.

☆ European shares climb on Saint-Gobain, Elekta boost
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +1 min

Feb 24 (Reuters) - European shares opened higher on Friday, boosted by upbeat earnings reports from French construction materials giant Saint-Gobain and Swedish radiation therapy equipment Elekta. The STOXX 600 index (.STOXX) climbed 0.4% by 0811 GMT, keeping with a rise in Asian markets after the Bank of Japan ruling out an early end to super-easy monetary policy pushed bond yields lower globally. Compagnie de Saint-Gobain (SGOB.PA) gained 5.5%, pushing the European construction and materials index (.SXOP) up 0.8% after it posted record annual revenue that exceeded analysts' expectations on strong growth in all its regions on Thursday. Elekta (EKTAb.ST) jumped 7.7%, to the top of the STOXX 600 after positive third-quarter earnings. German chemicals giant BASF SE (BASFn.DE) fell 3.7% as it flagged a decline in annual earnings and said it plans to cut 2,600 jobs and halt buybacks.

☆ Sunken oil tanker merger leaves CEO adrift
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +2 min

LONDON, Jan 10 (Reuters Breakingviews) - Promising to lock his main shareholder in a “gilded prison” may not have been the best way to win support for a controversial merger. So now Euronav (EUAV.BR) Chief Executive Hugo De Stoop will not head the $6 billion oil tanker empire that would have resulted from a deal with rival Frontline (FRO.OL). The slightly smaller suitor on Monday called off an all-share deal that dated back to last April, when the parties agreed to merge. Investors’ apparent surprise came even though Euronav’s main shareholder, family-controlled Compagnie Maritime Belge, increased its stake to more than 25%, with the apparent goal of crippling the deal. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Oil tanker groups Frontline and Euronav scrap $4.2 billion merger
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +1 min

Jan 9 (Reuters) - Oil tanker company Frontline (FRO.OL) said on Monday a $4.2 billion deal to merge with rival Euronav NV (EUAV.BR) was terminated, a combination which would have created the world's largest publicly listed tanker company. Frontline will not make a voluntary conditional exchange offer for Belgian oil tanker and storage operator Euronav's shares and will no longer seek a listing on Euronext Brussels, it said in a statement. "We regret that we could not complete the merger as envisaged in July 2022, as that would have created the by far largest publicly listed tanker company," Chief Executive Lars Barstad said. The two companies announced the deal last year, aiming to create a market-leading oil tanker group with 146 vessels. However, since the announcement of the planned merger, Euronav had clashed with its biggest shareholder Compagnie Maritime Belge (CMB), which sought to block it.

☆ As Watch Sales Boom, Watch Flippers Face a Bust
▼ + stars: | 2022-11-11 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

The luxury watch market is still ticking along nicely for brand-new products. For secondhand ones, not so much. On Friday, shares in Compagnie Financière Richemont , which owns numerous Swiss watchmakers as well as jewelry brands like Cartier, jumped about 10% after it reported strong results for the six months through September. Its watch sales were up 15% compared with the same period last year.

☆ The world's only all-business class airline is launching VIP tours from the US to the Caribbean. See inside its glitzy Airbus A321neo jet.
▼ + stars: | 2021-08-15 | by ( Thomas Pallini | Taylor Rains | ) www.businessinsider.com time to read: 1 min

In row 15, for example, the windows don't exactly line up. Nevertheless, these are only minor inconveniences that don't take away too much from the overall product — and its sure to please customers. A La Compagnie Airbus A321neo. Thomas Pallini/Insider

Persons: Thomas Pallini Organizations: La Compagnie Airbus A321neo

Число выявленных случаев заражения коронавирусом в мире за сутки составило 628 136, это рекордный показатель с начала пандемии. Больше всего зараженных специалисты зафиксировали за день в Северной и Южной Америке (более 234 тысяч) и Европе (более 291 тысяч). Как пишет РИА Новости, политик заявил: он не знает, останется ли он на своем посту на второй срок, однако его администрация не будет вводить карантин ни при каких обстоятельствах. "Эта администрация не будет вводить карантин. Что бы ни случилось в будущем, кто знает, какая администрация будет, думаю, время покажет, я могу сказать, что эта администрация не будет вводить карантин… Ни при каких обстоятельствах мы не будем вводить карантин", - сказал Трамп, выступая перед журналистами.

Persons: обстоятельствахДействующий, Дональд Трамп, Трамп, Джо Байден Organizations: Всемирная организация здравоохранения (ВОЗ), РИА Новости Locations: Молдова, КИШИНЕВ, Северная, Южная Америка, Европа, Монреаль, Квебек, США, Соединенные Штаты

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