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The day after U.K. police charged three men with assisting Hong Kong’s intelligence service, China’s ambassador to Britain was summoned for an official reprimand by the British foreign ministry in the latest sign of growing tension between London and Beijing. The British government said that it had called the ambassador, Zheng Zeguang, to its Foreign, Commonwealth and Development Office after the three men appeared in court on Monday. The Foreign Office said in a statement that it had been “unequivocal in setting out that the recent pattern of behavior directed by China against the U.K.” was not acceptable. It cited cyberattacks, alleged espionage and the issuing of bounties for information leading to the prosecution of dissidents who fled Hong Kong after its crackdown on the pro-democracy movement and resettled in Britain. The three men who appeared at Westminster Magistrates’ Court on Monday have been charged with gathering intelligence for Hong Kong, a former British colony which is a special administrative region of China, and of forcing entry into a U.K. residential address.
Persons: Hong, Zheng Zeguang, , cyberattacks Organizations: Foreign, Commonwealth, Development, U.K, Locations: Britain, British, London, Beijing, China, Hong Kong, Westminster
Saudi Arabia is plowing on with its ambitious Neom project, despite reported setbacks. Here's a closer look at the main regions that officials plan to build as part of the project. AdvertisementSaudi Arabia's futuristic Neom project is one of the most ambitious in the world. According to Neom, the city will have no roads, cars, or emissions and run on 100% renewable energy. SindalahThe island of Sindalah, a yachting resort and part of the Neom project, will be open in 2024, say planners.
Persons: Here's, , Neom, Denis Hickey, " Hickey, Saudi Arabia's Crown Prince Mohammed bin Salman, NEOM Organizations: Service, Street Journal, Bloomberg, Saudi Arabia's Crown Locations: Saudi Arabia, Saudi, Tabuk, Kingdom, Neom, Sindalah, Aqaba, Tabak Province
Apple has cut over 600 employees in California as it pulls back from two major projects. The layoffs follow struggles with cost overruns and delays in Apple's electric car and screen projects. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs Apple retreats from two ambitious projects, the tech giant has cut more than 600 employees in California, per filings with the state. Related storiesIn late February, Apple told the 2,000 employees working on its electric car that the project would wind down, Bloomberg first reported.
Persons: , Apple Organizations: Apple, Service, Santa, Bloomberg, EV, Apple Watch, Business Insider Locations: California
Andreas "Andy" Von Bechtolsheim, co-founder of Arista Networks Inc., speaks during a Bloomberg West television interview in San Francisco, California, U.S., on Thursday, May 2, 2013. Andy Bechtolsheim, the co-founder of Sun Microsystems and Arista Networks , has reached a settlement with the SEC on insider trading charges that will cost him close to $1 million and bars him from serving as a public company officer or director for five years. Cisco announced its agreement to buy networking company Acacia for $70 per share in a $2.6 billion deal, driving Acacia's stock up 35%. "While the SEC announcement did not involve any trading in Arista securities, Arista takes compliance to the company's code of conduct and insider trading policy seriously," an Arista spokesperson told CNBC in an email. Bechtolsheim, who lives in Incline Village, Nevada, co-founded Arista in 2004 and took the company public a decade later.
Persons: Andreas, Andy, Von Bechtolsheim, Andy Bechtolsheim, Bechtolsheim, Bechtolsheim confidentially, didn't, Scott McNealy, Vinod Khosla, Bill Joy Organizations: Arista Networks Inc, Bloomberg West, Sun Microsystems, Arista Networks, SEC, Acacia Communications, Cisco, Arista, Acacia, Bechtolsheim, CNBC, Oracle, Sun Locations: San Francisco , California, U.S, San Jose , California, Incline Village , Nevada
Dine Brands Global is considering an Applebee’s and IHOP combination, according to an earnings call on February 28. Dine Brands is the parent company of both restaurant chains. Because of the cost to build an Applebee’s, Dine Brands is “assembling a prototype” for another option. The revenue for the joint restaurants could double that of the standalone restaurants, the company said in the earnings call. Combination locations allowed these restaurants, such as Auntie Anne’s and Cinnabon, to expand past malls and into busier streetside spots.
Persons: New York CNN —, Anne’s, Applebee’s, Paul Weaver, Carvel, Auntie Anne’s, , Brian Krause, John Peyton, Peyton Organizations: New, New York CNN, Bell, KFC, Dine, Dine Brands, AP, Focus Brands, Brands Locations: New York, Susquehanna, Selinsgrove , Pennsylvania, Cinnabon, Leon , Mexico, Mexico
Reliable and affordable food and commodity imports are more important to a net food importer like Kenya than to some other countries. Perhaps more importantly, a critical part of the world's food supply system remains disrupted, undermining food security and raising the underlying costs of cross-border trade. The governments of Kenya and Ukraine are also working together on food security. Meanwhile, Russia's own efforts to play a part in rebuilding food security have been more a public relations exercise than real action. Although Russian sources have claimed that such shipments have begun, there is still little evidence of Russian food aid arriving in Africa.
Persons: Timothy Njagi Njeru, Kalya Kiptiony, Dr Abraham Korir SingOei, William Ruto, Volodymyr Zelenskyy, Russia's, Dr Njeru, Lensa Omune Organizations: Tegemeo Institute, Kenyan, Initiative, Kenya's Ministry of Foreign, Diaspora Affairs, International Food Policy Research Institute, Insider Studios, Foreign, Commonwealth & Development Office Locations: East Africa, Ukraine, Kenya, Russian, Nairobi, Russia, Africa, Horn, Port, Mombasa
It was clear that the war could significantly damage the Kenyan economy, as the country is almost entirely dependent on imports for its conventional fuel supply. But the extent of the damage caused by Russia's invasion of Ukraine to Kenya's economy is now clearer than ever. Kalya Kiptiony, investment analystFuel is Kenya's economic lifebloodAfter the start of the war, the price of fuel in Kenya rose, on average, 7.6% every month. Although Kenya gets most of its oil from the Gulf, Russia's invasion of Ukraine led to a spike in fuel prices worldwide. In a report late last year, the UN described just how factors like drought, inflation, and fuel and food price rises are combining to undermine livelihoods in Kenya.
Persons: Lensa Omune, Kalya, Kalya Kiptiony Organizations: International Food Policy Research Institute, Central Bank, IMF, UN, Insider Studios, Foreign, Commonwealth & Development Office Locations: Russia, Ukraine, Kenya, Nairobi, East Africa, Africa, Europe
As Prabowo Subianto looks set to succeed Joko Widodo as President, economic growth remains resilient and inflation has stayed low over the past year. But external risks, including Russia's war on Ukraine, continue to cloud the horizon. The World Bank warned in January that global growth will slow for the third consecutive year, to 2.4% in 2024, when the global economy may record the slowest half-decade of GDP growth in 30 years. The government remains hopeful of hitting its 5.2% target in 2024, said Coordinating Minister for Economic Affairs Airlangga Hartarto in early February, acknowledging the risks posed by global economic turmoil, such as the Ukraine-Russia conflict. Regional leadershipTo reach developed country status, a nation typically requires sustained annual economic growth of 7% for 15 consecutive years.
Persons: Prabowo, Joko Widodo, Krisna Gupta, Widodo, Economic Affairs Airlangga Hartarto, Sri Mulyani, Radityo Dharmaputra, Indonesia's Organizations: World Bank, State of, Global, Center, Indonesian, Center for Indonesian, Studies, Bank, Economic Affairs, for Economic Co, OECD, Universitas Airlangga, Ukraine, Insider Studios, Foreign, Commonwealth & Development Office Locations: Indonesia, Ukraine, State, Russia, Jakarta, Southeast Asia, Crimea, Subianto
Retail Sales Dive in January as Consumers Pull Back
  + stars: | 2024-02-15 | by ( Tim Smart | Feb. | At A.M. | ) www.usnews.com   time to read: +3 min
Retail sales fell by 0.8% last month, far worse than expected, as consumers pulled back from their holiday spending and amid rising inflation and higher credit costs, the Census Bureau reported on Thursday. While overall retail trade sales declined, nonstore retailers were up 6.4 percent from last year. And consumers continued to spend on eating out, with food services and drinking places up 6.3% from a year ago. In January, retail sales rose by 2.34% from a year ago, according to the NRF/CNBC Retail Monitor powered by credit card tracking firm Affinity Solutions, but sales were down by 0.16% from December’s strong performance. “Notably, consumers are feeling strained by higher prices at the grocery store and beyond,” Patel said.
Persons: Jeffrey Roach, , Jonathan Silver, Piyush Patel, , ” Patel, Organizations: Census, Federal, LPL, CNBC Retail Monitor, Affinity Solutions, Affinity, Federal Reserve Bank of New Locations: Federal Reserve Bank of New York
And — while it only represents a very small proportion of containers moved between the Far East and Europe — rail routes via Russia have seen an uptick in interest too. Rail through RussiaFirms have raised concerns about sending goods via rail through Russia, Sciglaite said. A train engine pulls carriages that started their journey in Yiwu, China into Barking rail freight terminal on January 18, 2017 in the U.K. Igor Tambaca, managing director of Rail Bridge Cargo, a Dutch logistics company, said China-Europe rail route bookings were up 37% over the past four weeks. Tambaca said the cost of sending one forty-foot container (FEU) from China to Europe via rail is currently around $7,900.
Persons: Liu Wenhua, Julija, RailGate, Hapag Lloyd, Sciglaite, Dan Kitwood, Igor Tambaca, Tambaca, Maria Magdalena Pavitsich, Pavitsich, Vladimir Putin, Davies Turner Organizations: China News Service, Getty, Air, CNBC, Rail, Cargo, OBB Rail Cargo Group, FEU, Initiative, British Locations: China, Europe, Russia, Manzhouli, Vietnam, Xeneta, East, European, Rotterdam, South Africa's, Ukraine, Yiwu, Barking, Kazakhstan, Belarus, Poland, Germany, Belgium, France, Red, Dutch, Turkey, Austrian, Asia, Xian, Chengdu, Suez, Africa, Moscow, Central Siberia, Beijing, Wuhan, Duisburg
Determining if a passport is too damaged for travel often comes down to the opinion of a border authority. "Some tourist attractions will have their own 'passport stamp,' but since these are not official government agencies, they could invalidate your passport," Diehl said. Loose bindings and frayed edges are common reasons a passport is deemed too damaged for travel. "Authorities may question the authenticity of a damaged passport," he said, which could cause them to "detain you or send you home." Keeping your passport in good condition is keyDiehl said that the easiest way to avoid being turned away at the airport for having a damaged passport is to keep it safe.
Persons: , that's, Business Insider's Monica Humphries, Jake Burton's, Eve, Steve Diehl, Diehl Organizations: Service, Business, US Department of State's, Consular Affairs Locations: Alicante, Spain
Over the last nine months, Russ Cook has run almost 7,500 miles across 13 different countries and is currently in Senegal with his small support crew. But despite all his efforts, which have involved running more than a marathon a day on average, Cook took to social media Tuesday to announce that his epic journey was facing a diplomatic impasse. Cook had planned to finish his odyssey at the most northerly tip of Africa in Tunisia, but must access Algeria through the Mauritania border first. “If we don’t get them, then it’s game over for Project Africa,” Cook said on X, formerly known as Twitter. Starting at the most southerly point in South Africa, Cook is running all the way to Tunisia.
Persons: Russ Cook, Cook, ” Cook, , Alexander Stafford, UK’s, Harry Gallimore, Organizations: CNN, Project Africa, Parliamentary Group, Foreign, Commonwealth & Development, ” CNN Locations: Africa, Senegal, Tunisia, Algeria, Mauritania, Algerian, South Africa
UK's Cameron to travel to Washington on Dec. 6
  + stars: | 2023-12-03 | by ( ) www.reuters.com   time to read: +1 min
British Foreign Secretary David Cameron looks on during a NATO foreign ministers meeting at the Alliance's headquarters in Brussels, Belgium November 28, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsDec 3 (Reuters) - British Foreign Secretary David Cameron will travel to Washington D.C. on Wednesday, Dec. 6, the UK's Foreign, Commonwealth & Development Office (FCDO) said on Sunday in his first visit to the U.S. since taking up the position last month. Cameron will undertake a programme of bilateral meetings with U.S. Secretary of State Antony Blinken, as well as meet Republican and Democratic members of Congress, the FCDO statement said. Cameron, a former British prime minister, will take part in discussions with his U.S. counterparts with a focus on supporting Ukraine in its fight against Russian aggression, the statement said. Reporting by Nilutpal Timsina in Bengaluru; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.
Persons: David Cameron, Yves Herman, Cameron, Antony Blinken, Nilutpal, Sharon Singleton Organizations: British, NATO, REUTERS, Washington D.C, Foreign, Commonwealth & Development, U.S, Republican, Democratic, Thomson Locations: Brussels, Belgium, Washington, British, Ukraine, Bengaluru
Over the past 30 years, Nashville, Tennessee — a city known for country music — has seen a flood of transplants moving from higher-cost cities. For new residents, "everybody has a different story," said Jeff Hite, chief economic development officer of the Nashville Area Chamber of Commerce. In 2022, the Nashville metropolitan area grew by about 35,624 people, or roughly 98 new residents per day, according to Census data compiled by the Nashville Area Chamber of Commerce's Research Center. Since 1990, the population has grown 81%, with more than two— million residents in the Nashville metropolitan area in 2022. Attracted to a "central location," some 43% of downtown residents moved from out of state, survey data from the Nashville Downtown Partnership shows.
Persons: John Greim, , Jeff Hite, Hite, Nina Dietzel, Tom Turner, Turner, we've, we're Organizations: LightRocket, Nashville Area, of Commerce, Commerce's Research, Nashville, Images Downtown, Nashville Downtown Partnership, Partnership, Vanderbilt University Locations: Nashville, Nashville , Tennessee, Los Angeles, Chicago, San Francisco, San Diego and New York, Images Downtown Nashville
Nov 20 (Reuters) - Rivian Automotive (RIVN.O) said on Monday that CEO RJ Scaringe would directly oversee all product development effective immediately as the electric-vehicle maker gears up to unveil and launch its smaller and cheaper vehicle family. Chief Product Development Officer Nick Kalayjian would move to the role of executive vice president, vehicle engineering and propulsion before transitioning to an advisory role, the company said. "It's a big year for product for Rivian, so RJ is doubling down on the introduction of our new technologies in 2024 and the design and development of R2," a spokesperson for Rivian told Reuters. The company's product reporting structure will include software, autonomy, design, vehicle, electrical, propulsion and programs categories, Rivian said. "I know that (Scaringe) spending more time working with our product teams will create significant value for all of us and our shareholders," Kalayjian, who joined Rivian in 2020, said in another internal email seen by Reuters.
Persons: RJ Scaringe, Nick Kalayjian, Rivian, Nick, Scaringe, Tesla, Elon Musk, Kalayjian, Abhirup Roy, Bhanvi, Shilpi Majumdar, Bill Berkrot Organizations: Rivian, RJ, Reuters, General Motors, Ford, Thomson Locations: Rivian, San Francisco, Bengaluru
[1/2] Evgenia Kara-Murza, wife of jailed Russian opposition figure Vladimir Kara-Murza, addresses the Geneva Summit for Human Rights and Democracy in Geneva, Switzerland May 17, 2023. Kara-Murza, 42, has a condition called polyneuropathy that takes away the sensation in his limbs unless controlled by medicines and exercise. His wife Evgenia Kara-Murza said exercise was now impossible for him in a cell measuring just 3 x 1.5 metres (9.8 x 4.9 feet), furnished with only a bed and a backless stool, where he has been held since September in a maximum-security penal colony in the city of Omsk. The fact that they've isolated him to the maximum of course makes me very concerned for his life," Evgenia Kara-Murza said. "The politically motivated conviction of Vladimir Kara-Murza is deplorable.
Persons: Evgenia Kara, Murza, Vladimir Kara, Denis Balibouse, Kara, Alexei Navalny, Vladimir Putin, Vladimir, Mr Kara, wryly, Mark Trevelyan, Mark Heinrich, Gareth Jones Organizations: Geneva, Human Rights, Democracy, REUTERS, Britain's, Reuters, Russian, Britain's Foreign, Commonwealth, Development, Liberal International, Thomson Locations: Geneva, Switzerland, Moscow, Omsk, Ukraine, Russia, Britain
By Mark TrevelyanLONDON (Reuters) - The wife of jailed Russian opposition politician Vladimir Kara-Murza, who suffers from a nerve disorder after surviving two poison attacks, said on Wednesday she feared for his life after his transfer from Moscow to a Siberian penal colony. Kara-Murza, 42, has a condition called polyneuropathy that takes away the sensation in his limbs unless controlled by medicines and exercise. The fact that they've isolated him to the maximum of course makes me very concerned for his life," Evgenia Kara-Murza said. And the lady I met for the first time yesterday, she has no idea who Vladimir is," she said. He added: "I have no doubt that in the end, our vision of Russia will prevail.
Persons: Mark Trevelyan, Vladimir Kara, Murza, Evgenia Kara, Kara, Alexei Navalny, Vladimir Putin, Vladimir, wryly, Mark Heinrich Organizations: Mark Trevelyan LONDON, Britain's, Reuters, Russian, Britain's Foreign, Commonwealth, Development, Liberal International Locations: Moscow, Omsk, Ukraine, Russia
Consumer prices held stable in October, bringing the annual inflation rate down to 3.2% from 3.7% a month ago as energy prices receded, the Bureau of Labor Statistics said on Tuesday. “Further evidence of disinflation inside the October inflation report,” RSM US Chief Economist Joseph Brusuelas posted on social media, noting that month-over-month inflation was flat at 3.2% and core inflation was up 0.2 percent to 4% over the same period. Although prices for a wide variety of goods and services have cooled this year, the current inflation rate is well above the 2% target set by the central bank. “Inflation expectations over the next 5 years dipped to 2.7%, slightly above the Fed’s long-run target of 2%. “We don’t think the last mile of disinflation will be particularly hard,” Goldman Chief Economist Jan Hatzius wrote in the outlook.
Persons: Joseph Brusuelas, Stocks, Matt Bush, Patrick De Haan, , , Piyush Patel, Jeffrey Roach, Goldman Sachs, Jan Hatzius Organizations: of Labor Statistics, RSM, Federal, Treasury, Dow Industrial, Guggenheim Partners, CNBC, National Retail Foundation, NRF, Affinity Solutions, Wall Street, Travel, Gas, New York Federal Reserve Bank, University of Michigan’s, LPL, Investment, ” Goldman Locations: U.S
Some women have turned to Facebook groups to connect with free sperm donors and skirt sperm banks. But after 10 vials of donor sperm, she was out $10,000 and still didn't have a child. Gordy is a serial sperm donor — he says his donations have produced 70 children to date. Kristina GrahamShe's since worked with two free sperm donors at different times, both of whom she met on Facebook. Women may have to weed through some creeps when looking for a sperm donor on Facebook.
Persons: , Angela, Kyle Gordy, Gordy, Kyle, Crystal Cox, Sean Tipton, Kristina Graham, Kristina Graham She's, She's, she's ovulating, Graham, she'd, Tyree Kelly, he's atoning, Tyree Kelly Tyree Kelly, Kelly, Angela said, who've, Wong Maye, Rebecca Torrence Organizations: Facebook, Service, American Society for Reproductive Medicine, Food and Drug Administration Locations: ejaculate, Arizona, Maine, Tipton, rtorrence@insider.com
London CNN —A British doctor who escaped Gaza with his family has been sent back to the war zone after Egyptian officials told him his name wasn’t on the list of evacuees, according to a British Member of Parliament. But Davies said while Sabra’s family was allowed through, he was not on the approved list of foreign nationals. “I’m calling for the British government to do their duty and evacuate myself and other British nationals to safety to go back home,” he added. He said Sabra told him he was in “daily contact” with the British Foreign Office and British embassy in Egypt before he was sent back to Gaza. The British Islamic Medical Association said in a statement on Thursday they “demand urgent evacuation of Dr Sabra and other British nationals trapped in Gaza.”More than 150 British nationals have left Gaza for Egypt via the Rafah crossing, according to British Foreign Office minister Andrew Mitchell.
Persons: London CNN —, Ahmed Sabra, Geraint Davies, Sabra, Davies, ” Sabra, , ” Davies, , Dr Sabra, Andrew Mitchell Organizations: London CNN, Swansea West, National Health Service, CNN, UK, Commonwealth & Development, British Foreign Office, Foreign, Commonwealth & Development Office, British Nationals, British Embassy, Islamic Medical Association, British Foreign Locations: Gaza, Israel, Wales, Rafah, Egypt, British,
Aid organizations that serve civilians in Gaza say they are receiving record amounts of donations in a sign of public support for relief efforts even as a growing stock of supplies remain stalled at Egypt's Rafah border crossing. In the Gaza Strip, where 2.3 million people live, civilians are in dire need of clean water, food and medicine, emergency medics say. However, with a web of political and logistical obstacles on getting aid in, much of the money and supplies intended for Gaza is in limbo, forcing aid groups to wait as they amass truckloads of goods. Aid groups say they are building up supplies in hopes of eventually getting them through to civilians in Gaza, nearly half of whom are children. The majority of support comes from donors based in the United States, he added, with individual donations averaging around $138.
Persons: Aurora Ellis, Steve Sosebee, Derek Madsen, Anera, Rabia, Anera's Madsen, Basma Bsharat, Diane Craft, Rosalba O'Brien Organizations: REUTERS, Palestine Children's Relief, Israel, Palestine Aid Society, UNRWA, Hamas, Palestinian American, U.S, Thomson Locations: Gaza, Bay Ridge, Brooklyn , New York, U.S, United States, Israel, Rafah, Canada, Ann Arbor , Michigan, Palestine, Crescent, UN, Palestinian, Palestinian American, Brooklyn, Clifton , New Jersey
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBEIJING/SHANGHAI, Oct 30 (Reuters) - China will send Wu Zhaohui, a Vice Minister of Science and Technology, to a global summit on artificial intelligence this week in Britain, two sources familiar with the matter said. Former Prime Minister Tony Blair visited Beijing earlier this month and met Chinese Foreign Minister Wang Yi, as Beijing seeks to boost ties with the Labour party ahead of a general election likely next year. China's science ministry and foreign ministry, as well as the Chinese Academy of Sciences, did not respond immediately to faxed requests for comment. Wu was appointed to his role in the science ministry in December 2022. Like many countries around the world, China has been caught up in a global craze over generative AI following the popularity of OpenAI's ChatGPT last year.
Persons: Dado Ruvic, Wu Zhaohui, James, Boris Johnson, Tony Blair, Wang Yi, Wu, Xi Jinping, OpenAI's ChatGPT, Laurie Chen, Brenda Goh, Miral Organizations: REUTERS, Rights, Science, Technology, Labour, Chinese Academy of Sciences, HK, Foreign, Commonwealth, Development, Thomson Locations: Rights BEIJING, SHANGHAI, China, Britain, Beijing, British, London, Hong Kong, United States, Shanghai
Before Elizabeth could make it to Lake Victoria, word came that her father, King George VI, had died. More than 70 years later, Elizabeth's son, King Charles, will visit Kenya this week on a state visit. Buckingham Palace has said Charles' visit, which begins on Tuesday, will acknowledge "painful aspects of the UK and Kenya's shared history". The colonial administration took hundreds of square kilometres of land that communities in western Kenya had lived on for generations and handed it to British settlers. The British government has not been receptive in the past to requests by the Kipsigis and Talai to discuss compensation.
Persons: Britain's King Charles ', Camilla's, King Charles, Princess Elizabeth, Kibore Cheruiyot Ngasura, Elizabeth, King George VI, Elizabeth's, Ngasura, Charles, Kenya's, Joel Kimetto, , Talai, Aaron Ross, Michael Holden, Alison Williams Organizations: Reuters, Kenyan, British, Foreign, Commonwealth, Development Office, Thomson Locations: Britain's, Kenya, Tugunon, Kericho County, KERICHO, Lake Victoria, Gwassi, London, Buckingham, British, Kericho, Nairobi, Mombasa
New York CNN —Big money donations are booming at America’s colleges, helping fund higher education for millions of students. The biggest donors often sit on universities’ board of trustees, which governs the university and selects university leadership, priorities and direction. The donor backlash at the University of Pennsylvania and uproar at Harvard University over Israel and Palestine highlight how big donations often come with demands for changes to university policy and politics. The backlash has raised questions about the influence big donors wield and pressure donors may exert over leadership, hiring decisions and academic affairs. Restricted giftsMore donations are coming with strings attached, rather than letting schools spend their donations however they want.
Persons: , , Cliff Asness, James Finkelstein, David Callahan, George Mason, Nikole Hannah, Jones, Rob Reich, , Ann Marcus Organizations: New, New York CNN, University of Pennsylvania, Harvard University, Harvard, George Mason University, Faculty Senate Tri, Council, Advancement, , , Aid, Education, Critics, Indiana University, George, Koch Foundation, Yale University, University of North, Chapel, Michigan State, Stanford University, Universities, New York University, NYU’s Steinhardt, of Higher Locations: New York, Israel, Palestine, University of North Carolina, Saudi Arabia, Qatar, Kuwait
Virgin Australia's IPO executive David Marr resigns
  + stars: | 2023-10-17 | by ( ) www.reuters.com   time to read: 1 min
Aircraft from Australia's second largest airline, Virgin Australia, sit on the tarmac at the domestic terminal of Sydney Airport in Australia, August 19, 2018. Picture taken August 19, 2018. REUTERS/David Gray/File Photo Acquire Licensing RightsOct 17 (Reuters) - Bain Capital-owned Virgin Australia (IPO-VIR.AX) on Tuesday said its Chief Development Officer David Marr, who was assigned to lead the airline's plans for an eventual initial public offering (IPO), has stepped down from his role. "A significant amount of this work is now complete and while we are committed to an IPO as soon as practicable, the timing of an actual listing is dependent on capital markets conditions," the airline said in an emailed response to Reuters. Reporting by Poonam Behura in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.
Persons: David Gray, David Marr, Poonam, Janane Organizations: Virgin, Sydney Airport, REUTERS, Bain Capital, Virgin Australia, Reuters, Thomson Locations: Australia's, Virgin Australia, Australia, Bengaluru
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