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Climeworks' direct-air-capture plant can remove up to 36,000 metric tons of carbon from the air a year. AdvertisementThe startup Climeworks this week switched on the largest direct-air-capture plant, which pulls carbon dioxide from the sky and locks it away underground. Climateworks' Mammoth plant also cost hundreds of millions of dollars to build, though the company didn't disclose the exact amount. AdvertisementClimeworks aims to become large enough to remove 1 million metric tons of carbon a year by 2030 and 1 billion metric tons by 2050 — or a megaton and gigaton. The two plants could remove more than 2 million metric tons of carbon dioxide from the air each year.
Persons: Climeworks, , it's, JPMorgan Chase, Jan Wurzbacher, Wurzbacher Organizations: Service, UN, Carbon Project, Microsoft, Swiss, JPMorgan, US Department of Energy, Occidental Petroleum Locations: Mammoth, Iceland, Paris, Canada, Norway, Oman, Kenya, Louisiana, West Texas
Fencing is a niche but fundamental sport in the Olympics, contested at every Summer Games since 1896. Yet despite its genteel reputation and simple objective — touch an opponent with your blade before being touched — the sport has long been rife with drama and suspicion. Two months before the Paris Olympics, international saber fencing is engulfed by questions about the integrity of refereeing, accusations of preferential treatment and concerns among top athletes and coaches that their sport’s tangled connections may be helping decide who gets to compete at the Games. The federation that governs fencing in the United States, USA Fencing, recently suspended two international referees after they acknowledged communicating with each other during an Olympic qualifying tournament in California. And just last week, more than a half-dozen elite fencers demanded harsher punishments and urgent action to protect a sport that they say is “vulnerable to unfair refereeing and match-fixing.”
Organizations: Games, Paris Olympics Locations: United States, USA, California
In this article WBD Follow your favorite stocks CREATE FREE ACCOUNTIn this photo illustration, the Warner Bros. Here is how Warner Bros. Discovery performed, compared with estimates from analysts surveyed by LSEG: Loss per share: 40 cents vs. 24 cents loss expected40 cents vs. 24 cents loss expected Revenue: $9.96 billion vs. $10.231 billion expected Warner Bros. Warner Bros. While NBCUniversal holds the U.S. rights for the Olympics, airing the games on its TV networks and Peacock streaming service, Warner Bros.
Persons: Rafael Henrique, Discovery, , Max, Hulu —, I've, David Zaslav, Zaslav, NBCUniversal, Discovery's Max Organizations: Warner Bros, Getty, Discovery, TNT, Justice League, Disney, Hulu, CNBC, Warner Bros . Discovery, Fox Corp, Sports, NBA, Olympics Locations: U.S, Paris, Europe
A general view of a FedEx Airlines Boeing 767 BA.N cargo plane, that landed at Istanbul Airport on Wednesday without deploying its front landing gear but managed to stay on the runway and avoid casualties, on a runway in Istanbul, Turkey, May 8, 2024. An investigation is underway after a FedEx Airlines Boeing 767 cargo plane was forced to make an emergency landing without its front landing gear at Istanbul Airport, after the aircraft's nose gear failed to deploy. The plane managed to stay on the runway, and there were no casualties, according to Turkey's Ministry of Transport. The ministry said that the cargo jet, flying from Paris' Charles de Gaulle Airport, alerted the Istanbul Airport control tower that its landing gear was not opening and was able to land with guidance from the tower, according to reporting from Reuters. The ministry also said that its teams were carrying out examinations at the scene, while the U.S. National Transport Safety Board (NTSB) announced it will send its own investigators to Istanbul.
Persons: Charles de Gaulle Organizations: FedEx Airlines Boeing, Istanbul Airport, Turkey's Ministry of Transport, Reuters, U.S . National Transport Safety Board Locations: Istanbul, Turkey, Paris, U.S
This is in part the doing of so-called "golden visas," hugely popular residency visas for foreign investors. And they purchased more Portuguese golden visas than any other nationality in 2022. Related storiesBut as Portugal has experienced a worsening housing affordability crisis, Portuguese public opinion on golden visas has soured. Last year, the country changed the terms of its golden visa program to exclude real estate investment. Other southern European countries are following suit, similarly pointing to skyrocketing real estate prices.
Persons: , They're, they're, João Pereira dos Santos, Pereira dos Santos, Nuno Fazenda, Holger Schmieding, Schmieding, David Zorrakino Organizations: Service, Business, The New York Times, School of Economics, Finance, Queen Mary University of London, State, Tourism, Trade, Services, Bloomberg, Berenberg Bank, Getty, European Central Bank, Paris Locations: Greece, Portugal, Tourism, Lisbon, Athens, Spain, Southern Europe, Portuguese, London, Ramblas, Barcelona, Catalonia, Europe, Germany, Netherlands, France
American Airlines announced a charter flight to France for 70 World War II veterans. AdvertisementDozens of World War II veterans will enjoy a free flight to France to commemorate the 80th anniversary of the D-Day landings. American Airlines announced Wednesday that it will fly 70 veterans aboard a chartered Boeing 787-9 Dreamliner. It will fly 60 World War II veterans directly to Normandy for the third year in a row. AdvertisementOne of the veterans being flown by AA is Frank Perry — a former pilot with Piedmont Airlines, which later became part of American.
Persons: , Frank Perry —, Felix Maurizio, We're, David Seymour Organizations: American Airlines, Forth, Service, Boeing, Fort Worth Airport, Delta Air Lines, AA, Piedmont Airlines, Army Air Corps, US Navy, Omaha Beach Locations: France, Dallas, Forth Worth, Paris, Normandy, Omaha
For Elle Fanning, who showed up to Monday night’s Met Gala in a completely transparent Balmain gown, it was the latter. Behold: The naked dress (or in Redmayne’s case, naked suit). In 1962, Hollywood actor Carroll Baker was photographed in one of the first ever naked dresses — also designed by Balmain. Balmain just designed the 8th one.”Hollywood starlet Caroll Baker also wore one of Balmain's transparent dress designs in 1962. Her sheer Balmain dress turned heads — and generated headlines.
Persons: it’s, Elle Fanning, Fanning, Emily Ratajkowski, Kim Kardashian, Doja, Phoebe Dyvenor, Greta Lee, Eddie Redmayne, Theo Wargo, Miley Cyrus, Jennifer Lawrence, Vanessa Hudgens, Florence Pugh, Kendall Jenner, Charli, Charlize Theron, Iris Law, Carroll Baker, , Baker, Pierre Balmain, , sparkles, , Caroll Baker, Spencer, “ Carroll, Yves Saint Laurent didn’t, Mary Quant, Edie Sedgwick, Trevor Humphries, Baker’s, nonchalantly Organizations: CNN, Balmain, Hollywood, Dior, Hulton, New York Times, Production, Paramount, Fox, MGM, Warner Brothers Locations: Prada, Paris, London, Balmain, British, America, Europe, Hollywood, Baker’s
With all hope seemingly lost, Madrid’s substitute striker Joselu turned the tie on its head after scoring two goals in the space of three minutes. This time, VAR could not be used to check the incredibly tight decision because the referee had blown his whistle. “It almost feels like a betrayal because of that decision,” Tuchel told TNT Sports after the match. From fan to heroAfter the full-time whistle, Madrid celebrated in style as it crowned Joselu the club’s new hero. As a forward, you dream of scoring goals, and if they’re like tonight’s, then even better,” Joselu said after the match.
Persons: Carlo Ancelotti, Alphonso Davies, Blancos, Joselu, It’s, ” Ancelotti, Madrid, Madrid’s, Manuel Neuer, David Ramos, Antonio Rüdiger, wasn’t, Bayern Munich’s Matthijs de Ligt, De Ligt, beIN, “ I’m, it’s, , Thomas Tuchel, ” Tuchel, , de Ligt, Harry Kane, Kane, ” Joselu Organizations: CNN — Real Madrid, Champions League, Bayern Munich, Borussia Dortmund, Bayern, Real Madrid, Staff, Bayern Munich’s, beIN Sports, ” Bayern, TNT Sports, FC Bayern, Madrid, Espanyol Locations: Santiago, Madrid, Paris
CNN —Borussia Dortmund continued its “incredible” run in this season’s Champions League, reaching the final after stunning Paris Saint-Germain 1-0 in the semifinal second leg on Tuesday. Valerio Pennicino/UEFA/Getty ImagesDortmund’s run in the Champions League is at odds with its domestic form. In Europe, though, Die Schwarzgelben have found a way to win matches and the semifinal second leg was the perfect demonstration of just that. Kai Pfaffenbach/ReutersFor Dortmund, it is a full-circle moment, given its last Champions League final in 2013 was also held at Wembley Stadium. For longtime servant of the club Marco Reus, the Champions League final will also be his last opportunity to play for Dortmund.
Persons: Germain, Mats Hummels, Edin Terzić, , Mats, Hummels, Valerio Pennicino, Kylian Mbappé, Ousmane Dembélé, Hakimi, Luis Enrique, Kai Pfaffenbach, Marco, Reus Organizations: CNN — Borussia Dortmund, Champions League, Paris Saint, Parc des Princes, PSG, London, Real Madrid, Bayern Munich, Wembley, ” Dortmund, PSV Eindhoven, UEFA, Bundesliga, Dortmund, Reuters, League, Marco Reus, Borussia Dortmund, Santiago Locations: Paris, Parc des, Dortmund, London, Europe, Wednesday’s, Spanish
CNN —Diego Maradona’s Golden Ball trophy from the 1986 World Cup, which had gone missing in contested circumstances for decades, has reappeared and is anticipated to sell for millions of dollars at auction next month. Argentina went on to defeat West Germany 3-2 in the final and win the second of the country’s three World Cup titles. Maradona controls the ball during the 1986 World Cup final against West Germany. Colorsport/ShutterstockThe history of the Golden Ball trophy awarded to Maradona in Paris after the tournament is shrouded in mystery. Maradona was unquestionably a household name before the 1986 World Cup, but after leading Argentina to the title, he became a global superstar.
Persons: CNN — Diego Maradona’s, ” François Thierry, , ” Maradona, God, , Maradona, Thierry, there’s, didn’t, Aguttes, Asif Kapadia’s Organizations: CNN, England, CNN Sport, West, Maradona, Italian, Napoli, Argentine Locations: Paris, Argentina, Argentine, West Germany, Buenos Aires
An Air France plane diverted after a burning smell was detected in the cabin. The airline had to cancel a different flight to reroute a Boeing 777 to rescue the passengers. AdvertisementAir France has been working to get passengers back on track after their plane made an emergency landing in the deep north of Canada on Tuesday. The Boeing 777 was scheduled to fly from Montreal to Paris, but that flight was canceled. Nearly 11 hours after the passengers had landed in Iqaluit, the 777 departed for New York.
Persons: Organizations: Boeing, Service, CBC, New York, Seattle, Delta Air Locations: Air France, Canadian, Nunavut, reroute, France, Canada, Paris, Seattle, Iqaluit, Canada's Nunavut, Frobisher Bay, Montreal, New, New York
Conner Mantz’s arms were shaking as he warmed up for the Olympic marathon trials in Orlando in February. Mr. Mantz, 27, of Provo, Utah, looked over to his close friend, Clayton Young, who was stretching next to him. They had raced for the same prize money, fought for the same spots on the podium — and formed a bond so strong that other runners said they wished they could replicate it. Now, they hoped to get each other to the marathon at the Olympic Games in Paris. They had a real shot: Mr. Mantz was a favorite to qualify, and Mr. Young was a strong contender.
Persons: Conner Mantz’s, Mantz, Clayton Young, Young Organizations: Mr, Olympic Games Locations: Orlando, Provo , Utah, Paris
A UK-based AI startup, founded last month by former Cohere employees, is already in talks to raise a major pre-seed round amid venture capitalists' continued spending spree in the sector. Convergence AI, incorporated at the end of April, was founded by ex-Cohere employees Marvin Purtorab and Andy Toulis, who was also a machine learning engineer at Uber. Its primary aim, per leaked investor documents seen by BI, is to build out automated workforces using AI. The nascent business has been feted by several leading funds, with the company receiving at least six different term sheets for investment, two London-based sources said. The startup opted for a funding round led by London-based Balderton Capital, six sources familiar with the deal told Business Insider.
Persons: Marvin Purtorab, Andy Toulis, Slack Organizations: Uber, Business, Balderton, BI, Nvidia, Mistral Locations: London, Paris
France’s president, Emmanuel Macron, promised to build the Summer Olympics safely, free of the construction hazards and migrant worker abuses that tarnished soccer’s 2022 World Cup in Qatar. “We are living up to the commitments we made,” Mr. Macron said in February. Government data shows fewer than 200 injuries at Olympics sites over a four-year construction blitz. But inspection records and other documents show that Olympics sites have been more dangerous than organizers have let on, with some projects failing to meet basic safety standards. When undocumented immigrants are hurt on the job, workers and officials say, the injuries are often handled off the books, all but guaranteeing that they will not show up in government statistics.
Persons: Emmanuel Macron, Mr, Macron Locations: Qatar, Paris
Dmitry Medvedev is at it again, threatening Western leaders with nuclear attacks if they cross a line. Medvedev says no leaders in Washington, Paris, and London won't "be able to hide" if they send troops to Ukraine. AdvertisementFormer Russian President Dmitry Medvedev on Monday threatened nuclear strikes on Western leaders who want to send their troops to Ukraine, doubling down on his increasingly hostile rhetoric toward the North Atlantic Treaty Organization. Related storiesStrategic nuclear weapons are those typically launched via intercontinental ballistic missiles. But such threats have also been categorized as bluffs by Western leaders, who say the Kremlin hopes to scare Ukraine's allies off.
Persons: Dmitry Medvedev, Medvedev, , nonstrategic, Vladimir Putin, Putin, isn't, Emmanuel Macron, Macron, Sinead Baker, Tony Soprano's, Edward Lucas Organizations: London, Service, Atlantic Treaty Organization, NATO, Capitol, Monday, Russia's, Hague, Center for, Russia's Security Locations: Washington, Paris, Ukraine, Russian, France, Baltics, Poland, Kyiv, Russia, Ukraine's, Elysee, Downing Street, Moscow
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrance, Germany and China trying to create positive tit-for-tat relationship, professor saysDouglas Yates, professor at the American Graduate School in Paris, discusses how President Xi's recent trip to France reflects China and the EU's attempt to navigate increasing polarisation, subsidies and Russia.
Persons: Douglas Yates, Xi's Organizations: American Graduate School Locations: France, Germany, China, Paris, Russia
China's Xi backs Macron call for global Olympic truce
  + stars: | 2024-05-07 | by ( ) www.cnbc.com   time to read: +3 min
Emmanuel Macron, France's president, right, greets Xi Jinping, China's president, ahead of the state dinner marking the visit at the Elysee Palace in Paris, France, on Monday, May 6, 2024. Xi called on France to help fend off a "new Cold War" as the EU increasingly aligns with U.S. concerns over security risks and trade tensions. China's President Xi Jingping on Monday called for a global truce during the Olympic Games in Paris this summer after the French president and the head of the European Commission urged him to use his influence on Russia to end its war in Ukraine. As member of the United Nations Security Council and as a responsible country, China urges with France for a truce in the world during the Paris Olympic games," Xi said, speaking through an interpreter alongside Macron during a joint statement. Russia has previously been lukewarm about a truce saying Ukraine might use it as an opportunity to regroup and rearm.
Persons: Emmanuel Macron, Xi Jinping, Xi, Xi Jingping, Ursula von der, Macron, Vladimir Putin, Putin's Organizations: Olympic Games, European Commission, United Nations Security Council, Paris Olympic, Paris, Games, Paralympic Games Locations: Paris, France, EU, Russia, Ukraine, Europe, China, Moscow, Russian, Switzerland
A 12th-century French castle, Château d'Armainvilliers, is being auctioned for around $454 million. The castle was previously owned by King Hassan II of Morocco. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA 12th-century castle that once belonged to a Rothschild is being auctioned for a staggering €425 million, or around $454 million. It was once owned by Edmond de Rothschild, before being sold to King Hassan II of Morocco, a spokesperson for Meuwissen told Business Insider.
Persons: Château, King Hassan II, , Rothschild, Ignace Meuwissen, d'Armainvilliers, Edmond de Rothschild, Meuwissen Organizations: Service, Meuwissen, Business Locations: Morocco, Paris
London CNN —Two of Europe’s biggest oil companies, Shell and TotalEnergies, are considering abandoning their stock exchanges for Wall Street in a move that would deal a hammer blow to London and Paris. Shares of TotalEnergies and Shell trade on a price-to-cash flow ratio of 4.7 and 5.2 respectively, compared with a ratio of 8.4 for Exxon Mobil (XOM) and 7.6 for Chevron (CVX). Alastair Syme, managing director of global energy equity research at Citi, says Shell and TotalEnergies have long traded at a discount. Investors would “be much more comfortable” buying European energy companies if they were part of the more valuable S&P 500 benchmark index of US equities, according to Syme. London languishesStill, the slightest hint that Shell may consider leaving London will have rattled the city’s beleaguered main stock exchange.
Persons: Britain’s Shell, France’s, Alastair Syme, Syme, Patrick Pouyanne, , , Wael Sawan, Sawan, London languishes, Chris Beauchamp, Shell, TotalEnergies, New York “ would’ve, ” Lindsey Stewart, Ben van Beurden, ” Syme Organizations: London CNN, Shell, CAC, Exxon Mobil, Chevron, Citi, CNN, Investors, Bloomberg, London Stock Exchange, Nasdaq, BP, Morningstar, Financial, Commodities Locations: London, Paris, New York, Chevron, Europe, United States, Switzerland,
French President Emmanuel Macron (R) shakes hands with Chinese President Xi Jinping after delivering a joint statement at the Elysee Palace, as part of the Chinese president's two-day state visit in France, in Paris on May 6, 2024. The French president his Chinese counterpart for a state visit on May 6, 2024, seeking to persuade the Chinese leader to shift positions over Russia's invasion of Ukraine and also imbalances in global trade. (Photo by Sarah Meyssonnier / POOL / AFP) (Photo by SARAH MEYSSONNIER/POOL/AFP via Getty Images)Shares of several French cognac makers rallied on Tuesday after France's President Emmanuel Macron suggested that trade tensions between China and the European Union, which could impact the drinks makers, may ease. France's Macron on Monday addressed the ongoing trade dispute with Chinese President Xi Jinping and gifted him a top-range bottle of French cognac which reportedly retails at over $3,200. "I thank the president for his open attitude regarding provisional measures on cognac and for his wish not to implement them," Macron said in a press conference on Monday.
Persons: Emmanuel Macron, Xi Jinping, Sarah Meyssonnier, SARAH MEYSSONNIER, Pernod Ricard, Remy Cointreau, France's Macron, Macron Organizations: Getty, European Union Locations: France, Paris, Ukraine, China, Europe
Here are six luxury brands that have opened restaurants around the world. Gotham/GC Images/Getty ImagesCoachIn March, Coach opened its first-ever restaurant, called The Coach Restaurant, in Jakarta, Indonesia. The brand opened a second location in Tokyo in 2021, in its seven-story flagship in Ginza. Dior also has the Mediterranean restaurant Dior des Lices in Saint Tropez. At its Paris flagship, the French luxury fashion house has La Pâtisserie Dior and the restaurant Monsieur Dior.
Persons: , Ralph Lauren, Ralph Lauren's, Z, Osmud Rahman, Rahman, what's, Jessica Chastain, Louis Vuitton, Café, Ginza . Louis Vuitton, Arnaud Donckele, Maxime Frédéric, Dior Dior, Dior, Monsieur Dior, Anne, Sophie Pic, Dominique Maître, Gucci Gucci, Gucci Osteria, Massimo Bottura, Tiffany, Daniel Boulud Organizations: Service, Business, Toronto Metropolitan University's School of Fashion, Canadian, Globe, Michigan, Polo, Polo Bar, New, New York, Ginza . Louis, Louis, Dior, Kansai International Airport, Dior des Lices, Paris, Michelin, Penske Media, Getty, Tiffany, Co, South, Harrods Locations: Chicago, millennials, New York City, York, Miami , Virginia, New York, Milan, Paris, Chengdu, China, Midtown, Jakarta, Indonesia, Jakarta's Grand, Osaka, Japan, Tokyo, Ginza ., Saint Tropez, Bangkok, Thailand, Europe, US, Asia, Seoul, Miami, Florence, Italy, Italian, Beverly Hills, The Florence, Tiffany, South Coast, Costa Mesa , California, London
download the appSign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. President Joe Biden has sought to use his pro-environment policies to boost his support among young voters, but most of them have little to no knowledge of his administration's actions to tackle climate change, according to a recent survey. And many of the administration's climate policies are seemingly popular with the American public. The most polarizing Biden policy in the survey was the allowance of tax credits for electric vehicles, but even it had a plurality of support (43 percent) among respondents. Meanwhile, 35 percent of respondents opposed such credits, and 21 percent of respondents indicated they hadn't heard about it.
Persons: Joe Biden, Biden, Donald Trump's Organizations: Service, CBS, Business Locations: White House, Paris, United States
If you’re planning to attend the Paris Olympics and see a bit of Europe this summer, you have a variety of plush new hotels from which to choose (though they’re likely to fill up quickly). Whether you’re going to the Games or simply going on vacation, you’ll find fresh boutique properties in Paris and many more that are an easy flight away, be it to the French Riviera, Rome, or fittingly, an island in Greece, the birthplace of the ancient games.
Persons: they’re Organizations: Paris, Games Locations: Europe, Paris, Rome, Greece
New York's millionaire population is now larger than the entire populations of Orlando or Pittsburgh. The Bay Area's millionaire population has surged by 82% over the past decade, to 305,700. The U.S. is home to 11 of top 50 richest cities, according to the report. "Notably, U.S. cities have significantly outperformed other western cities over the past decade when its comes to overall wealth and millionaire growth." Here is the full ranking of the world's richest cities, according to Henley & Partners and New World Wealth:1.
Persons: Andrew Amoils, Amoils, Juerg Steffen, Robert Frank Organizations: Henley & Partners, Area, Federal Reserve, Research, New, London, Sydney Locations: York, California, Orlando, Pittsburgh . New York, Brazil, Italy, Canada, San Francisco, U.S, Tokyo, London, China, Beijing, Singapore, Los Angeles, New York, Area, France, Hong Kong
Watching the red carpet at Monday night’s Met Gala, I couldn’t help but recall a prediction I’d heard from Emily Kirkpatrick, who writes the Substack newsletter “I <3 Mess.” She’d told me recently that, before the end of 2024, it’s possible that “someone is going to show up fully nude on a red carpet.”That didn’t happen at this year’s gala, but it got very close, as Doja Cat — who appeared earlier this year at the Grammy Awards in what was called “the most naked dress ever” — presented at the Met Gala in a long, clinging, soaking wet, transparent and entirely revealing white T-shirt by the label Vetements. Near-nudity is everywhere, at least on celebrities and the celebrity adjacent. Bianca Censori, Kanye West’s 29 year-old partner, wandered around Paris wearing a cropped jacket with sheer pantyhose and seemingly nothing on underneath, her modesty preserved only by the stockings’ single center seam. Julia Fox attended a fashion launch with three silver medallions covering her private parts under a long — and frequently parted — trench coat. This nearly nude look is not, as one might imagine, evidence of an increasingly oversexed culture, but rather of a culture that’s increasingly over sex.
Persons: Emily Kirkpatrick, ” She’d, , Bianca Censori, Kanye, Julia Fox Locations: Paris
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