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☆ Anchor Brewing gets new lease on life after it finds an unexpected buyer
▼ + stars: | 2024-06-03 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Anchor Brewing, America’s oldest craft brewer, closed last summer after more than 127 years in business. Anchor closed in July 2023 and its former parent company Sapporo USA put it up for sale after facing years of declining sales. Despite Ulukaya’s excitement about reviving the 127-year-old brand, the craft beer business has been in decline as drinkers shift to spirits and cheaper alternatives. “The brand struggled because it kept relevance with longtime, committed craft beer enthusiasts, but rarely registered with young people or casual drinkers,” Roth said. “Focusing on Anchors legacy, stature, and part of American craft beer history could help the brewery form new emotional connections with drinkers.”

Persons: it’s, Hamdi Ulukaya, Brewing’s, Ulukaya, ”, Anchor’s, Jose Sarmento Matos, there’s, ” Bryan Roth, ” Roth Organizations: New, New York CNN, Brewing, LinkedIn, San, Sapporo, Bloomberg, Getty, San Francisco, Feel Goods Company, CNN Locations: New York, San Francisco, California, Sapporo USA, Sapporo, Potrero Hill

☆ Caledonian Braves: How a tiny Scottish soccer club is chasing ‘Wrexham’-sized dreams
▼ + stars: | 2024-04-29 | by ( Issy Ronald | ) edition.cnn.com time to read: +8 min

On any given evening, Ewing receives emails informing him that some fan in a far-flung location – say, Los Angeles – has just invested in his tiny Scottish soccer club, the Caledonian Braves. “A community club, most people would think, is a local community bound by a certain geography,” says Ewing. National Basketball Association/Courtesy Caledonian BravesAgainst this backdrop, fan ownership has emerged as somewhat of a utopian panacea for some fans. As time went by, the academy’s first team started playing in the Scottish soccer leagues and separated to form the Caledonian Braves in 2019. “You can be anyone really from anywhere and you can also own a football club for as little as £10 ($13).”

Persons: Ted Lasso ”, Ryan Reynolds, Rob McElhenney’s, –, Chris Ewing, Ewing, Los Angeles –, ’ ” Ewing, ”, “, Mujtaba Elgoodah, Elgoodah, braving, ” Elgoodah, Alastair Ross, Nassir Criss, Elizabeth Ball, Kristen Hamilton, Hailie Mace, Isaiah Covington, ” Covington, ” Hamilton, that’s, ‘, ’, ” Criss, Mutjaba Elgoodah, Kiera Burns, ” Ball, Tom Brady, Matthew McConaughey Organizations: CNN — Soccer, Welsh soccer, Scottish soccer, Caledonian Braves, CNN Sport, Scottish, Scottish Premier League, NBA, US, Super League, Golden State Warriors, National, Players ’ Association, Braves, Twitter, Kansas City, Boston Celtics, NFL, National Basketball, English Premier League, St Mirren, Motherwell, Rangers, Celtic, –, Edusport Academy Locations: Wrexham, ”, Los Angeles, Scottish, Australia, Motherwell, Glasgow, – Wyoming, Kansas, Scotland, Heart of Midlothian, France

☆ Women’s Open: American Ally Ewing endures tough third round as rivals pile on pressure at Walton Heath
▼ + stars: | 2023-08-12 | by ( John Sinnott | ) edition.cnn.com time to read: +2 min

CNN —US golfer Ally Ewing endured a tough third round at the Women’s Open as the 30-year-old golfer finished two shots behind co-leaders Lilia Vu and Charley Hull at Walton Heath on Saturday. American Vu and Briton Hull share the lead on nine-under par, with Angel Yin and Kim Hyo-joo a shot behind, while Ewing is two shots adrift. However, six bogeys in Ewing’s third round allowed her rivals back into contention for the fifth and final major of the women’s season. Lilia Vu won the Chevron Championship to claim the first major of her career earlier this year. A superb round of 67, ensured the 24-year-old Yin ended the day on eight-under par.

Persons: Ally Ewing, Lilia Vu, Charley Hull, Vu, Briton Hull, Angel Yin, Kim Hyo, Ewing, ” Ewing, ” Vu, Yin, Andrew Redington, ” Hull, “ “, ” Yin Organizations: CNN, Walton Heath, LPGA, Chevron, PGA, U.S, Women’s, Briton Locations: Ewing’s, Europe

☆ Scorching summer temperatures could strain the economy even further
▼ + stars: | 2023-07-23 | by ( Alicia Wallace | ) edition.cnn.com time to read: +12 min

“The recent heat waves and scorching summer temperatures demonstrate the economic cost of heat stress,” Chris Lafakis, Moody’s Analytics’ director of economic research, wrote in an emailed response to a CNN query. Moody’s Analytics estimates that chronic physical risk from heat stress could reduce worldwide GDP by up to 17.6% by 2100. The losses are steepest in sectors such as agriculture and construction, but no industry or business is immune, she said. “Every summer we have a stretch [of excessively hot weather], where it might last from four days up to a week,” he said. “We have to look at the potential of our business model shifting to a nine-month facility going forward,” she said.

Persons: Lyn Thomas, there’s, Thomas, she’s, “, it’s, Chris Lafakis, Liliana Salgado, ”, Kathy Baughman McLeod, Adrienne Arsht, Cesar Chavez, Damian Dovarganes, That’s, Jack Vessey wasn’t, He’s, “ It’s, Vessey, Zeyla Alcantara, Patrick Tiseth, Jobs, Ami Feller, I’ve, Los Cerrillos, Harrold Granthan, Bonnie Mendoza, David Wagner, bloodsicles, Mendoza, Zach Fowle, Kyle Ledeboer, ” Fowle, ” They’ve, Justus Swanick, Joshua Graff Zivin, ” Graff Zivin Organizations: Minneapolis CNN, Phoenix, CNN, Reuters Workers, Rockefeller Foundation Resilience, Atlantic Council, Rockefeller, IBEW, Company, Lone Star, Roofer, Saddle Riding Company, Phoenix Zoo, Arizona Wilderness, Arizona Wilderness Brewing, University of California San Locations: Minneapolis, Louisiana, United States, California, Los Angeles, Holtville , California, Imperial County, Texas, New Braunfels, Santa Fe , New Mexico, Los, “, Arizona, Phoenix, University of California San Diego

☆ Netflix and Athletic Brewing launch 'The Witcher'-themed non-alcoholic beer
▼ + stars: | 2023-06-03 | by ( Ashley R. Williams | ) edition.cnn.com time to read: +2 min

Athletic Brewing Company’s collaboration with Netflix will feature limited edition, co-branded nonalcoholic beers, the brewing company announced in a news release. Athletic Brewing Company's collaboration with Netflix features three limited-edition, co-branded non-alcoholic beers. Athletic Brewing CompanyThe booze-free beer might appeal to the one-third of Americans who reported trying to consume less alcohol, according to a recent survey. Nonalcoholic beer sales were up by 33% this year, the survey found. Athletic Brewing, launched in 2018, ferments its brews to be less than 0.5% alcohol by volume – the legal limit for US-brewed nonalcoholic beer, the company said in the release.

Persons: Netflix’s “, ”, Henry Cavill, Josh Simon, ” Simon, Geralt’s Organizations: CNN, US, Athletic Brewing, Netflix, Athletic Brewing’s Locations: Rivia

☆ Deutsche Bank turnaround victory is really a loss
▼ + stars: | 2023-02-02 | by ( Liam Proud | ) www.reuters.com time to read: +3 min

LONDON, Feb 2 (Reuters Breakingviews) - In many ways, Christian Sewing has successfully rejuvenated Deutsche Bank (DBKGn.DE). Counterparties no longer fret about the German lender’s solvency, and he’s axed 3 billion euros of costs since starting as chief executive in 2018. The centrepiece of Sewing’s turnaround, however, was an 8% return on tangible equity (ROTE) target for 2022, which he’s effectively missed. The main question now is whether Sewing’s 2022 miss makes his 2025 ambitions even more farfetched. Sewing wants to cut another 2 billion euros in the coming years by closing retail branches, merging IT systems and decommissioning old ones.

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