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Duane Eddy: Groundbreaking American guitarist dies age 86
  + stars: | 2024-05-02 | by ( Jack Guy | ) edition.cnn.com   time to read: +3 min
CNN —Guitarist Duane Eddy, best known for twangy riffs on hits such as “Rebel Rouser” and “Cannonball,” has died at the age of 86, it has been reported. “Duane inspired a generation of guitarists the world over with his unmistakeable signature ‘Twang’ sound. Duane Eddy was one of my most important influences. “We are deeply saddened to hear of the passing of Duane Eddy. As a legendary guitarist, he inspired generations with his pioneering twangy sound and musical innovations,” reads the post.
Persons: Duane Eddy, , Eddy, “ Duane, “ Peter Gunn ”, They’re Young, Terry Wyatt, “ Forrest Gump ”, Kyle Young, don’t, Duane, Young, George Harrison, Steve Earle, Bruce Springsteen, Marty Stuart, ” Eddy, Mark Humphrey, Dave Davies, Organizations: CNN, Variety, Hall of Fame, Musicians Hall of Fame, Central Press, Hulton, Country Music Hall of Fame, Ventures, US, Gretsch Locations: Corning , New York, Nashville , Tennessee
Duane Eddy, who broke new ground in pop music in the 1950s with a reverberant, staccato style of guitar playing that became known as twang, died on Tuesday in Franklin, Tenn. The cause of his death, in a hospital, was complications of cancer, said his wife, Deed (Abbate) Eddy. Mr. Eddy had tremendous success as a strictly instrumental recording artist in the late 1950s and ’60s, selling millions of records worldwide with growling, echo-laden hits like “Rebel Rouser” and “Forty Miles of Bad Road.” In the process, he played a major role in establishing electric guitar as the predominant musical instrument in rock ’n’ roll. Mr. Eddy influenced a multitude of rock guitarists, including George Harrison, Jimi Hendrix and Bruce Springsteen, whose plunging guitar lines on “Born to Run” pay homage to Mr. Eddy’s muscular fretwork.
Persons: Duane Eddy, Eddy, Mr, George Harrison, Jimi Hendrix, Bruce Springsteen Locations: Franklin , Tenn,
In the city of Duisburg in Germany’s industrial heartland is a vast steel complex that is one of Europe’s largest polluters. If adopted widely, the devices could help clean up heavy industry, such as steel-making, in Germany and elsewhere. “We are maybe in one of those few very promising industries where Germany has a significant and very promising base,” said Werner Ponikwar, chief executive of ThyssenKrupp Nucera, which produces the electrolyzers. The company was spun off from ThyssenKrupp, a German steel giant, in 2023. Overall, German state and federal governments have earmarked €13.2 billion for investment in about two dozen projects to develop hydrogen.
Persons: , Werner Ponikwar, ThyssenKrupp Locations: Duisburg, Germany, ThyssenKrupp
The dynamic is bolstering the economic health of the region and keeping the eurozone from slipping too far. In a reversal of fortunes, the laggards have become leaders. Since then, the same countries have worked to mend their finances, attracting investors, reviving growth and exports, and reversing record-high unemployment. Now Germany, Europe’s largest economy, is dragging down the region’s fortunes. It has been struggling to pull itself out of a slump set off by soaring energy prices after Russia’s invasion of Ukraine.
Locations: Southern, Germany, Greece, Spain, Portugal, Italy, Southern Europe, Europe’s, Ukraine
BHP Group, the world’s largest mining company, has proposed a takeover of its rival Anglo American, in a deal that has the potential to shake up the industry at a time when demand for copper is soaring. BHP said on Thursday that it had approached Anglo with a bid valued at 31.1 billion pounds, or $39 billion, in what would be one of the most significant deals in the industry in years. If successful, the acquisition would create the world’s largest miner of copper at a time of growing global hunger for the metal, which is essential to the green-energy transition. Anglo confirmed that it had received an “unsolicited, nonbinding and highly conditional combination proposal from BHP” and that its board was reviewing the offer with its advisers. In the United States, President Biden’s signature climate and energy law, the Inflation Reduction Act, contains hundreds of billions of dollars in tax credits to help companies switch to low-carbon energy sources.
Organizations: BHP Group, BHP, BHP ” Locations: United States
Why Germany Can’t Break Up With China
  + stars: | 2024-04-16 | by ( Melissa Eddy | ) www.nytimes.com   time to read: +1 min
When Germany’s chancellor, Olaf Scholz, took office in 2021, he pledged that his government would shift his country’s relationship with China away from one of economic dependence. Three years later, talk of scaling back reliance on China has been replaced with calls for equal access to China’s market for foreign firms. The U.S. Treasury secretary, Janet L. Yellen, has talked about imposing trade restrictions on China. The chief executives of several leading multinational companies based in Germany joined Mr. Scholz on his three-day tour of China, which included a meeting with Xi Jinping, China’s top leader, in Beijing on Tuesday. All of the company leaders oversee large operations in China that they are eager not only to maintain, but in many cases to expand.
Persons: Olaf Scholz, Janet L, Scholz, Xi Jinping Organizations: Treasury, Mr Locations: China, United States, U.S, Germany, Beijing
Chancellor Olaf Scholz of Germany tried to strike a delicate balance on a trip to China this week, promoting business ties with his country’s biggest trading partner while criticizing its surge of exports to Europe and its support for Russia. Mr. Scholz met with China’s top leader, Xi Jinping, at the Diaoyutai State Guesthouse in Beijing on Tuesday, the culmination of a three-day visit with a delegation of German officials and business leaders. Throughout his trip, Mr. Scholz promoted the interests of German companies that are finding it increasingly hard to compete in China. And he conveyed growing concern in the European Union that the region’s market is becoming a dumping ground for Chinese goods produced at a loss. It was Mr. Scholz’s first visit to China since his government adopted a strategy last year that defined the Asian power as a “partner, competitor and systemic rival,” calling on Germany to reduce its dependency on Chinese goods.
Persons: Olaf Scholz, Germany, Scholz, Xi Jinping, Li Qiang, Scholz’s Organizations: European Union Locations: China, Europe, Russia, Diaoyutai, Beijing, Ukraine, United States, European, Germany
German Business Is Tangled in Red Tape
  + stars: | 2024-04-09 | by ( Melissa Eddy | ) www.nytimes.com   time to read: +1 min
When Markus Wingens created the position of “energy manager” for the metal heat-treatment company he runs in southwestern Germany, his idea was to increase energy efficiency and attract customers interested in sustainability. But the job has become as much a task of filling out paperwork and studying seemingly ever-changing laws as it is ensuring that the firm, Technotherm Heat Treatment Group, is meeting energy requirements. Last year, four new laws and 14 amendments to existing ones governing energy use took effect, each bringing fresh demands for data to be reported and forms to be submitted — in many cases to prove the same standards that the company has already been certified as reaching since 2012, Mr. Wingens said. “We have the Renewable Energy Act, we have the Energy Efficiency Act, we have the Energy Financing Act, and each comes with an administrative burden,” he said. “It’s madness.”
Persons: Markus Wingens, , Wingens, Organizations: Renewable Energy, Energy Locations: Germany
The annual inflation rate across most economies in Europe eased for the third month in a row, nearing the target set by the European Central Bank. The rate was slightly lower than economists expected and brought overall inflation closer to the 2 percent target set by the E.C.B., which will hold its next meeting to set interest rates on April 11. The central bank also keeps a close eye on core inflation, which strips out volatile food and energy prices. That dipped to 2.9 percent in the year through March in the eurozone, ticking below the 3-percent mark for the first time since Russia’s full-scale war against Ukraine broke out in February 2022, driving up energy prices. Germany, the eurozone’s largest economy, saw consumer prices rise at an annual rate of 2.3 percent in March, its slowest inflation since June 2021.
Organizations: European Central Bank, Consumer, European Union, Ukraine Locations: Europe, Germany
Read previewWhen Georgia Hunter began researching her family history and writing "We Were the Lucky Ones" in 2008, she didn't expect it to become a bestselling novel, and even less a Hulu series that she'd coproduce. For books specifically, it can help when a novel or series has had great success in stores, but it's not the only consideration. He's a decades-long friend of both Hunter and Lipez, the showrunner, who he brought the book to in 2019. The audience success of the novel certainly helped in making the decision to adapt the book, too, Helman said. "The book and the true story of these characters were mothers and fathers who wanted to protect their children.
Persons: , Georgia Hunter, Hunter, Logan Lerman, Erica Lipez, Carolyn Cassidy, Jordan Helman, Helman, Joey King, Halina, Eddy Kurc, Hunter's grandaunt, Hulu There's, — it's, Cassidy, there's, it's, Percy Jackson, Ellyn Jameson, Thomas Kail, He's, Lipez Organizations: Service, Georgia, Hulu, Business, Disney, Television, Hulu Originals, 20th Television Locations: Poland
Before China came to dominate the solar panel industry, Germany led the way. It was the world’s largest producer of solar panels, with several start-ups clustered in the former East Germany, until about a decade ago when China ramped up production and undercut just about everyone on price. Now as Germany and the rest of Europe try to reach ambitious goals to cut greenhouse gas emissions, the demand for solar panels has only increased. Some of the last remaining manufacturers in Germany’s solar industry are not ready to give up. They argue that Europe’s high standards for the origin of materials and shorter supply chains make production in Germany more environmentally friendly and reliable.
Locations: China, Germany, East Germany, Europe, Berlin
“They can’t stop us,” Mr. Musk, the company’s chief executive, told workers in a giant tent beside the plant. But there are proliferating signs that Tesla may not be as unstoppable as it once seemed. Chinese automakers and established brands like BMW and Volkswagen are flooding the market with electric cars. Mr. Musk’s many outside ventures, and his penchant for making polarizing political statements and attacking people he disagrees with, have raised questions about how focused he remains on managing Tesla. Wall Street is increasingly concerned about the company: Tesla’s share price has lost one-third of its value this year even as major stock indexes have hit record highs.
Persons: Elon Musk, ” Mr, Musk, Tesla Organizations: BMW, Volkswagen Locations: Tesla’s, Berlin
CNN —Celine Dion is focusing on her family and the future as she continues to live with a health challenge. Dion shared her three children with her late husband René Angélil, who died in 2016. Stiff person syndrome (SPS) is a rare neurological condition that causes spasms and muscle rigidity, with heightened sensitivity to stimuli such as sound, lights and emotional distress that can bring on the muscle spasms, according to the National Institute of Neurological Disorders and Stroke. Dion first shared her diagnosis in 2022. On Friday, Dion wrote in her caption that is sending her “encouragement and support to all those around the world that have been affected by SPS.”“I want you to know you can do it!
Persons: Celine Dion, , ” Dion, Dion, – René, Charles, Nelson, Eddy –, René Angélil Organizations: CNN, National Institute of Neurological Disorders, SPS,
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCeline Dion said she was "determined to one day get back onto the stage" while reflecting on her stiff-person syndrome diagnosis. "Today the world recognizes International SPS Awareness Day," Dion, 55, wrote. "As many of you know, in the fall of 2022, I was diagnosed with Stiff Person Syndrome (SPS)," she continued. Celine Dion, pictured here in 2015, hopes to be able to perform again in the future.
Persons: , Celine Dion, Dion, René, Charles, Nelson, Eddy, she'd, Denise Truscello, I'm, Taylor Swift Organizations: Service, Business, Johns Hopkins Medicine
Colin Yong, who works in the food and beverage industry, lives in a cozy, five-room public housing apartment in Singapore with his wife. But she wasn't always keen on it because she preferred a new house," Yong said. But my wife wanted more shelving and everything, so we learned to meet in the middle." Amanda Goh/Business InsiderWarm, dim lights create a soothing atmosphere that puts people at ease. Amanda Goh/Business InsiderNot settling for lessThe couple has one tip for other first-time homeowners: Don't settle for less.
Persons: Colin Yong, , It's, homeownership, Yong, they're, Eddy Kur, Amanda Goh, I've, wasn't Organizations: Service, Housing, Development Board, BTO, Amazon Locations: Singapore, Hougang, Amazon Germany
CHANGE, by Édouard Louis. Édouard Louis (né Eddy Bellegueule) burst onto the French literary scene in 2014 at the age of 21 with “The End of Eddy,” an autobiographical novel that announced, with aplomb, his own abnegation. Raised in a rural village in northern France, Eddy grew up not only miserably poor, but miserably gay and miserably bright. But for readers of “The End of Eddy,” let alone the entire Louis canon, “Change” feels stuck in a familiar rut. “Need I tell you again how it all started?” Louis wonders near the beginning of “Change.” The answer, again, is yes.
Persons: Édouard Louis, John Lambert, né Eddy, Eddy, , aplomb, Eddy Bellegueule, Louis, bobo, Eddy ”, startlingly, Eddy hasn’t, Louis himself, autofiction, Annie Ernaux, ” Louis Locations: France, Paris
Microsoft offered to sell its Bing search engine to Apple in 2018, Google said in a court filing earlier this month. In the fourth quarter, Microsoft generated $3.2 billion from search and news advertising, while Google search and other revenue totaled $48 billion. Google said in its filing that when Microsoft reached out to Apple in 2018, emphasizing gains in Bing's quality, Microsoft offered to either sell Bing to Apple or establish a Bing-related joint venture with the company. Google said Apple CEO Tim Cook sent an email to Apple executives about the assessment of Bing, but his remarks are redacted in the filing. Cue testified that "if Apple did not receive the massive payments it sought from Google, Apple would have developed its own search engine," the Justice Department asserted in its filing.
Persons: Tim Cook, Eddy, Apple's, Bing, Apple, Satya Nadella, Rob Sanderson Organizations: Apple, Allen, Co . Media, Technology Conference, Microsoft, Google, U.S . Justice Department, Bing, Safari, Justice Department, Windows, MSN, Department, Bloomberg Locations: Sun Valley , Idaho
Hong Kong CNN —With Hong Kong’s sky-high cost of living, residents like Andy Tsui have been looking for alternative ways to have more fun and spend less. Rather than spending his cash in his hometown of Hong Kong, he’s been crossing the border into mainland China to splurge instead. Such trips are noteworthy because, for much of Hong Kong’s modern history, the traffic has been largely — conspicuously, even — in the other direction. Hong Kong used to be the place where Chinese would escape to, not from. In 2023, just 26 million mainlanders — about half of the 2018 crowd — visited Hong Kong.
Persons: Andy Tsui, he’s, boba, ” Tsui, Justin Robertson, Noemi Cassanelli, CNN Hong Kong’s, Hong Kong —, misbehaving, , , Steve Tsang, Hong, Shenzhen’s, Hongkongers, Gilles Sabrie, Hongkonger Eddy Lam, Lam, Cherrie Leung, Qilai Shen, Hugo Sin, , Gary Ng, John Lee, Tsang Organizations: Hong Kong CNN, CNN, Shoppers, Yuen, Britain, Newspapers, Hong, Hong Kong Immigration Department, China Institute, SOAS University, Huawei, Tencent, Bloomberg, Getty, Sam’s Club, Costco, Sam’s, Walmart, Hong Kong, Shenzhen hasn’t, Xinhua, RTHK, SOAS University of London Locations: Hong Kong, China, splurge, Peking, Shenzhen, East, Hong, People’s Republic of China, British, Beijing, London, Bay Area, San Francisco , New York, Tokyo, Kowloon, Coco, Shanghai, , Inner Mongolia, Taiwan, Japan, Mainland China, Hong Kong’s, Britain, Canada, Australia, Bay,
Now, some are wondering if the central bank might not cut rates at all in 2024. He expects the central bank to cut rates two to four times this year. Plus, there’s no official indication that the central bank won’t cut rates this year. • If the neutral interest rate, or the rate that maintains full employment and stable inflation, is revised upward closer to 3.5%. The neutral rate should be 2.5%, based on Fed officials’ estimates for the central bank’s key interest rate, inflation and unemployment.
Persons: stoked, Stocks, won’t pare, , Tom Graff, Jerome Powell, Oliver Darcy, , Eddy, Apple’s, Read, Here’s what’s, Chris Isidore Organizations: CNN Business, Bell, New York CNN —, Federal Reserve, Deutsche Bank, Fed, Deutsche Bank economists, ” Apple, Wednesday, Apple Sports, NBA, NHL, MLS, NCAA, NFL, MLB, ESPN, Labor Department, Bureau of Labor Statistics, SAG Locations: New York, America
Apple just launched a new app
  + stars: | 2024-02-21 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +2 min
The app allows users to stay up to date on game scores and live sports betting odds. So far, Apple Sports has scores from the NBA, NCAA, and more. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . On Wednesday, the tech giant launched Apple Sports — a free app where users can check game scores for an array of sports leagues. Where applicable, Apple Sports users can press an Apple TV button to be taken to a stream of the game they're keeping track of.
Persons: , Eddy, Apple's Organizations: Apple Sports, NBA, NCAA, Service, Apple, Services, Duke, CNBC, they're, MLS, NHL Bundesliga, Liga, Ligue, League Serie, NFL, MLB, WNBA
Apple launches its first sports app
  + stars: | 2024-02-21 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +2 min
The company on Wednesday launched Apple Sports, a free app for the iPhone that delivers real-time scores, key statistics, and live betting odds. At launch, users will have access to live data from the NBA, NHL, and MLS, among other leagues. On Wednesday, Apple will launch a new app. Apple has in recent years struck deals with various sports leagues, such as the MLB and MLS, to stream games on its Apple TV+ streaming service. While Apple Sports can alert users to where a game is being broadcast, it will not stream games directly inside the app, instead pointing users to the correct app to watch the action.
Persons: , , Eddy, Apple’s Organizations: CNN, Apple, Wednesday, Apple Sports, NBA, NHL, MLS, NCAA, NFL, MLB, Services, ESPN, Super Bowl, Nielsen
Let Tesla Expand? Germans Vote No.
  + stars: | 2024-02-21 | by ( Melissa Eddy | ) www.nytimes.com   time to read: +1 min
The NewsResidents in the German community where Tesla has its only assembly plant in Europe overwhelming rejected the company’s plan to expand its facilities, dealing a blow to the U.S. automaker and local supporters. Sixty-five percent of citizens in Grünheide who voted opted against Tesla’s proposal to clear 250 acres of forest near its plant to build a rail yard, warehouses and a day care center. The vote was nonbinding, but local officials said they would honor it by heading back to the drawing board to try to find an acceptable solution. “That is the big challenge for the community,” Arne Christiani, the mayor of Grünheide and a supporter of the expansion, told public broadcaster Inforadio rbb on Wednesday. But the company defended its plans in local media, while acknowledging “that the citizens of Grünheide have concerns in connection with the planned expansion of the site.”
Persons: Tesla, ” Arne Christiani, Inforadio rbb, , Organizations: News Residents, U.S ., Inforadio Locations: Europe, Grünheide
Thousands of the small and midsize companies that form the backbone of the German economy warned this week that the country was losing its edge, as the country’s central bank signaled the threat of a recession would loom over Germany in the first three months of 2024. “Every day, Germany is losing its ability to remain internationally competitive,” read an open letter to the government signed by 18 associations representing the businesses, in industries ranging from technology to trucking to taxi companies. But the sweeping statement ticked off a list of concerns facing businesses, including high energy prices, labor shortages, slow efforts to digitize the bureaucracy and high taxes. Those strains are reflected in a report released on Monday by Germany’s central bank, the Bundesbank, which said that the country’s economy, Europe’s largest, was poised to shrink in the first three months of the year. After a contraction of 0.3 percent in the final months of 2023, a second consecutive decline would land the country in a technical recession.
Organizations: Germany’s Locations: Germany,
Apple releases free new sports app for iPhone
  + stars: | 2024-02-21 | by ( Kif Leswing | ) www.cnbc.com   time to read: +5 min
The app, called Apple Sports, does one thing well: show sports scores from all the major teams and leagues. Apple services chief Eddy Cue said the company designed the app to be fast and simple for multiple quick checks per day. This new app, which won't come pre-installed on iPhones, is tightly integrated with Apple's other Services apps, such as the TV app and News app. It works for sports Apple carries, as well as games on streaming services that are connected to the Apple TV app, many of which still require a cable subscription but will increasingly be available from over-the-top streamers. Apple will also have features that will allow users to follow college basketball's March Madness tournament in the app, Cue said.
Persons: Aaron Judge, Roger Maris, Eddy Cue, incentivized, there's, it's Organizations: York Yankees, Texas Rangers, New York Yankees, Globe Life, Getty, Apple Sports, Major League Soccer, Apple, Super, Major League Baseball, Golden State Warriors, New England Patriots, Apple Apple, National Football League, YouTube, CNBC, National Basketball Association . Apple, Google, Apple News, Duke, Hollywood, Sports, MLB NFL NCAA, WNBA MLS, NCAA, NHL Bundesliga, Liga, Ligue, League Serie Locations: York, Arlington , Texas, U.S, Canada
Tesla’s hulking assembly plant outside Berlin, which opened two years ago in a community known for its forests and lakes, still rubs many residents the wrong way. They worry it threatens the quality of their water and air, and has disrupted the peacefulness that drew them to the area. Mr. Schorcht and many of his neighbors are determined to make sure that doesn’t happen. “We say, ‘enough is enough,’” Mr. Schorcht said. Their resistance campaign includes weekly hikes through the endangered forest and knocking on doors.
Persons: Tesla’s, Steffen Schorcht, Tesla, Schorcht, Locations: Berlin
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