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☆ David Teeger: Cricket South Africa denies antisemitism accusations after stripping teenager captaincy
▼ + stars: | 2024-01-18 | by ( Zayn Nabbi | ) edition.cnn.com time to read: +3 min

CNN —Cricket South Africa (CSA) has denied accusations of antisemitism made by the South African Jewish Board of Deputies (SAJBD) after David Teeger was removed as captain of the SA Under-19 team. Teeger, who is Jewish, was stood down as captain because of fears over “protests related to the war in Gaza” during the Under-19 men’s Cricket World Cup, which gets underway in South Africa on Friday. The 19-year-old Teeger has made comments in the past in support of the Israel Defense Forces (IDF). The SAJBD met with CSA earlier this week and later released a statement saying that the only explanation for Teeger losing the captaincy was “plain antisemitism” – a claim that CSA denies. The timing of CSA’s decision to remove Teeger’s captaincy occurs as the South African government accused Israel of genocide in an unprecedented case at the United Nations’ top court.

Persons: David Teeger, Teeger, ”, “, David, David himself, I’ve, Israel Organizations: CNN — Cricket South Africa, South African Jewish Board of Deputies, SA, Cricket, Israel Defense Forces, CSA, Africa, SA Jewish, Deputies, CNN, International Cricket Council, ICC, “, U19, ” CSA, SA U19, ” CNN, South African, Rising, Palestine Solidarity Alliance, United Nations ’ Locations: Gaza, South Africa, Israel

Finally Souza, an innkeeper and community leader in Bela Vista do Jaraqui, said he rallied two dozen neighbors to drill a 60-meter well in the heart of the world's largest freshwater basin. With rivers forming the backbone of transportation across the Amazon region, the drought has disrupted access to food and medicine in dozens of cities. The Amazon, the world's largest rainforest, is regarded by scientists as a bulwark against climate change because its dense vegetation absorbs carbon and emits oxygen. The five researchers predicting a 2026 recovery said the effects of the drought could endure even longer if El Nino is prolonged. That would release huge amounts of carbon dioxide, contributing to climate change and wiping out a wealth of plant and animal species found only in the Amazon.

Persons: Bruno Kelly, Raimundo Leite de Souza, Souza, Luiz Inacio Lula da Silva, Michael Coe, we're, El Nino, Coe, El, Philip Fearnside, Henrique Barbosa, Eduardo Taveira, Taveira, Paulo Brando, Brando, Barbosa, Brad Haynes, Jake Spring, Ana Mano, Andre Romani, Suzanne Goldenberg Organizations: REUTERS, Rights, Rio, cobras, United, Reuters, Research Center, National Institute of, Research, University of Maryland, Honda, LG, Positivo, GIANTS, Yale University, Sao Paulo, Thomson Locations: Tefe, Amazonas, Brazil, Rights MANAUS, caimans, Bela Vista, Guyana, Suriname, French Guiana, Venezuela, Colombia, United Nations, U.S, South America, South, Pacific, North America, El Nino, University, Baltimore, Western Europe, Brazil's Amazonas, Manaus, Itacoatiara, Madeira Rivers, Sao Paulo, Sao

☆ Have to be 'clever' with product mix to attract Chinese tourist customers: Sa Sa CFO
▼ + stars: | 2023-11-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHave to be 'clever' with product mix to attract Chinese tourist customers: Sa Sa CFOSa Sa International's CFO Danny Ho explains how the beauty product retailer is trying to attract Mainland Chinese customers as they return to Hong Kong with changed spending habits.

Persons: Sa, Sa Sa, Danny Ho Locations: Hong Kong

We are growing but nowhere near fast enough," said Ben Blackwell, CEO of the Global Wind Energy Council. In June, Siemens Gamesa said quality problems at its two most recent onshore wind turbines would cost 1.6 billion euros ($1.7 billion) to fix. "The ratio between risk and reward is out of line in the offshore wind market in many jurisdictions. You can see this from investors not showing up," the Global Wind Energy Council's Blackwell told Reuters. "The situation in U.S. offshore wind is severe," Orsted CEO Mads Nipper said last month.

Persons: Pascal, Jon Wallace, WindEurope, Markus Krebber, Germany's, Ben Blackwell, Rob West, Siemens Gamesa, Fraser McLachlan, McLachlan, Jochen Eickholt, Wallace, Energy Council's Blackwell, Denmark's Orsted, RWE's Krebber, Joe Biden's, Mads Nipper, Nina Chestney, Nichola Groom, Christoph Steitz, Nora Buli, Francesca Landini, Toby Sterling, David Clarke Organizations: REUTERS, Rights, European, Jupiter Asset Management, EU, Shell, Siemens, LinkedIn, Wind Energy, Thunder Said Energy, GCube Insurance, Bloomberg New Energy Finance, Energy, Reuters, European Commission, Thomson Locations: Le Havre, Normandy, France, European Union, Britain, Netherlands, Norway, Ukraine, Jupiter, U.S, Los Angeles, Frankfurt, Milan, Amsterdam

☆ Venezuela appeals to US Supreme Court in last ditch move to limit Citgo auction
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

Aug 17 (Reuters) - Venezuela is making a last ditch attempt to limit the number of companies that could participate in a court-ordered auction of shares in a parent of oil refiner Citgo Petroleum, appealing to the U.S. Supreme Court to overturn a lower court's ruling. Venezuela's petition is asking the Supreme Court to find the lower court's "alter ego" decision was faulty. It does not affect the case against Venezuela filed by miner Crystallex International, whose $970 million claim led to the proposed auction of shares. The petition seeks to have briefs filed by September 15 - just ahead of the start of the proposed auction. A Delaware court judge has set Oct. 23 as the start date for the auction.

Persons: Nicolas Maduro, Gary McWilliams, Deepa Babington, David Gregorio Our Organizations: Petroleum, U.S, Supreme, ConocoPhillips, Exxon Mobil, Tenaris SA, CITGO Petroleum Corporation, Venezuela, Crystallex, Thomson Locations: Venezuela, PDV, United States, Illinois , Louisiana, Texas, Delaware, Houston, PDVSA

☆ First-ever livestream from Mars will beam back images from the red planet today. Watch it here.
▼ + stars: | 2023-06-02 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +3 min

The European Space Agency (ESA) plans to live stream images from Mars. The European Space Agency (ESA) will be attempting its first-ever live stream of images from Mars today, providing space fans with close-up view of the red planet. The agency will aim to beam back an image of the red planet every 50 seconds from its Mars Express satellite at 12 p.m. It achievement will be an engineering feat for ESA's Mars Express satellite, which was launched 20 years ago today and has been orbiting Mars for nearly as long. A composite of Mars Express images.

Persons: —, ESA's Jorge Hernández Bernal, EHU Organizations: European Space Agency, ESA, Service, Mars Express, Mars, ESA Mars Express, Flickr Locations: Mars, Berlin, EHU Bilbao

☆ Brazil's Moreira Salles family launch bid for Alpargatas shares
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, May 22 (Reuters) - An investment firm backed by Brazil's Moreira Salles family has decided to launch a tender offer to buy an additional stake in Alpargatas SA (ALPA4.SA), the shoemaker said on Monday, driving its shares higher. MS Alpa is controlled by the owners of holding firm Cambuhy and investment fund Alpa, linked to the billionaire Moreira Salles family, which are already part of Alpargatas' control block with a total stake of about 28%. Other major shareholders in the company include investment firm Itausa SA (ITSA4.SA) and Silvio Tini. Shares in Alpargatas, which were down roughly 40% so far this year, jumped more than 17% after the announcement, their second largest daily rise in the last two years, as market participants praised the offer. ($1 = 5.0033 reais)Reporting by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.

☆ Brazil's Petrobras scraps fuel import parity policy, shares rise
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

Companies Petroleo Brasileiro SA Petrobras FollowRIO DE JANEIRO, May 16 (Reuters) - Brazil's state-run oil giant, Petrobras (PETR4.SA), has approved a new commercial strategy to set diesel and gasoline prices, it said on Tuesday, ditching its previous import parity policy without revealing a specific fresh pricing formula. "The end of pricing parity is not good, but this was already expected." "The new policy scraps the 'import parity' terminology, but in our view it has not changed materially," Credit Suisse analyst Regis Cardoso said. The import parity policy was adopted in 2016 by former President Michel Temer. People close to Lula celebrated the announcement, with his Mines and Energy minister, Alexandre Silveira, telling reporters the policy would not impose as much volatility as the import parity used to.

Anheuser-Busch’s partnership with a transgender activist had prompted a movement on social media to boycott Bud Light. Photo: Daniel Acker/BloombergAnheuser-Busch InBev SA said it had placed on leave two executives who oversaw a Bud Light collaboration with a transgender activist. Alissa Heinerscheid, Bud Light’s vice president of marketing, had come under fire from some customers and media outlets over the company’s decision to send a personalized Bud Light can to transgender activist and influencer Dylan Mulvaney as part of a promotion for the beer brand’s March Madness contest.

☆ British EV startup Arrival announces reverse stock split
▼ + stars: | 2023-04-11 | by ( ) www.reuters.com time to read: +1 min

April 11 (Reuters) - British EV startup Arrival SA said on Tuesday its shareholders, on April 6, approved a reverse stock split at a ratio of one-for-fifty to gain compliance with Nasdaq's listing regulations. Arrival's stock fell about 8% to $0.13 in trading before the bell. The reverse stock split will be effective on April 14. Last week Arrival said it would merge with blank-check firm Kensington Capital Acquisition Corp V (KCGI.N). The special purpose acquisition company had about $283 million in cash held in trust, that will contribute to the business, Arrival had said.

☆ Diabetes Drug Giant Sanofi Cuts Insulin Prices by Up to 78%
▼ + stars: | 2023-03-16 | by ( Jared S. Hopkins | ) www.wsj.com time to read: 1 min

Sanofi plans to take a 78% list-price cut on its most widely used insulin in the U.S., joining other drugmakers facing criticism of insulin prices. French drugmaker Sanofi SA said it would cut the price of some of its insulin products by as much as 78% in the U.S., joining other big pharmaceutical companies facing pressure to reduce the cost of diabetes treatments. Sanofi plans to take a 78% list-price reduction on Lantus, the company’s most widely used insulin in the U.S., and a 70% cut on its Apidra product starting in January 2024, the company said Thursday.

☆ Brazil's Natura swings to loss as revenue shrinks across cosmetics lines
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, March 13 (Reuters) - Brazilian cosmetic maker Natura & Co (NTCO3.SA) on Monday reported a fourth-quarter net loss of 890.4 million reais ($169.7 million), as it reported lower revenues across all its business lines. Natura reported net revenues down 11% at 10.39 billion reais, dragged by Avon International and The Body Shop which both posted reported revenues down more than 20%. However, in terms of constant currency, net revenues increased by 3%. In a statement, Chief Executive Fabio Barbosa said the company was "resizing" The Body Shop, focusing on "efficiencies and key retail channels in light of the challenging channel mix changes that have taken place." Looking ahead, he added, Natura is focusing on improving profitability, cash flow, and making a return to growth.

Among methods that produce what is known as green hydrogen are electrolysis to split water into hydrogen and oxygen using power from renewables. The technology for shipping hydrogen is still in early stages of development, said Chevron's vice president of hydrogen Austin Knight. About 30-35% of the total energy system will need hydrogen to decarbonize, he said. NextEra is working with the U.S. Treasury on rules that govern what can be considered green hydrogen, he said. The process is complicated by the variability of renewable power supply from wind and solar, he said.

☆ Brazil's Santander to sell 40% of WebMotors to Carsales.com for $240 mln
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, March 7 (Reuters) - Brazilian lender Santander Brasil SA said on Tuesday it will sell 40% of car-selling platform WebMotors to Australia's Carsales.com (CAR.AX) for 1.24 billion reais ($238.87 million). Carsales will hold 70% of WebMotors after the deal is concluded, while Santander will own the remaining 30%. The lender will continue as a partner of the platform in providing credit, insurance and other financial solutions to its users. The deal will be accompanied by a capital increase of A$500 million ($329 million) in Carsales, Santander said. ($1 = 5.1910 reais)($1 = 1.5188 Australian dollars)Reporting by Fabricio de Castro; Writing by Peter Frontini; Editing by Isabel WoodfordOur Standards: The Thomson Reuters Trust Principles.

☆ Mexico's Televisa reaches $95 mln investor settlement over FIFA bribery role
▼ + stars: | 2023-03-01 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

[1/2] The logo of broadcaster Televisa is seen outside its headquarters in Mexico City, Mexico, December 14, 2022. REUTERS/Raquel Cunha/File PhotoNEW YORK, March 1 (Reuters) - Grupo Televisa SAB (TLEVISACPO.MX) has reached a $95 million settlement to resolve a U.S. investor lawsuit accusing the Mexican broadcaster of bribing FIFA soccer officials to win rights to four World Cup tournaments. Investors said they suffered losses as the bribery became known during corruption trials in Brooklyn, New York, causing the ADR price to fall. Its law firm Boies, Schiller & Flexner may seek up to $28.5 million of the settlement in fees and $3.5 million for expenses. The case is In re Grupo Televisa Securities Litigation, U.S. District Court, Southern District of New York, No.

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A year ago, many airlines were still burning through cash as some countries were slow to remove coronavirus-related travel restrictions. Now, with borders fully open, some of those carriers are posting big profits. British Airways-owner International Consolidated Airlines Group SA said Friday it was back in the black last year for the first time since the pandemic began. Singapore Airlines Ltd. earlier this month posted a record net profit for the nine months ended in December. Qantas Airways Ltd. this week reported a record pretax profit for its most recent half year.

A year ago, many airlines were still burning through cash as some countries were slow to remove coronavirus-related travel restrictions. Now, with borders fully open, some of those carriers are posting big profits. British Airways -owner International Consolidated Airlines Group SA said Friday it was back in the black last year for the first time since the pandemic began. Singapore Airlines Ltd. earlier this month posted a record net profit for the nine months ending in December. Qantas Airways Ltd. this week posted a record pretax profit for its most recent half year.

☆ Gucci, Balenciaga Struggle Amid Designer Shakeup and Ad Controversy
▼ + stars: | 2023-02-15 | by ( Nick Kostov | ) www.wsj.com time to read: 1 min

PARIS—A fall in sales at Gucci and consumer outrage over Balenciaga’s portrayal of children in its ads led to a slowdown in revenue at the brands’ owner. French luxury conglomerate Kering SA said its biggest brand, Gucci, booked a 14% drop in comparable sales over a three-month period ending in December in part due to pandemic restrictions that were in place in China during the quarter. Kering reported a 4% sales drop in its “other brands” segment, which includes Balenciaga, over the same period.

☆ IPG Posts 3.8% Organic-Revenue Growth, Flags Tech-Sector Challenges
▼ + stars: | 2023-02-09 | by ( Megan Graham | ) www.wsj.com time to read: +3 min

Interpublic Group of Cos. reported organic-net-revenue growth of 3.8% for the fourth quarter, saying that growth continued—albeit at a slower pace—despite a more cautious marketing and media environment due to macroeconomic and geopolitical factors worldwide. Net revenue in the fourth quarter of 2022 was $2.55 billion, relatively flat when compared with the fourth quarter of 2021. For all of 2022, IPG reported organic-net-revenue growth of 7%. “As expected, growth slowed in the fourth quarter, consistent with global macroeconomic and geopolitical crosswinds which we are all aware of,” Chief Executive Philippe Krakowsky said on the company’s earnings call Thursday. Earlier this week, IPG competitor Omnicom Group Inc. reported organic-revenue growth of 7.2% for the fourth quarter.

☆ Publicis Reports 9.4% Organic Revenue Growth for Fourth Quarter
▼ + stars: | 2023-02-02 | by ( Megan Graham | ) www.wsj.com time to read: +4 min

Publicis Groupe SA said Thursday that organic revenue grew 9.4% in the fourth quarter as its data and technology services continued to capture a shift in client spending. The growth in the quarter ending Dec. 31 brought Publicis’s full-year 2022 organic revenue growth to 10.1%. The results beat the average analyst estimate of 5.3% growth for the quarter and 8.8% for the year, according to FactSet. Publicis said it expects organic revenue growth of 3% to 5% in 2023. Organic growth refers to the change in net revenue excluding the impacts of acquisitions, disposals and currency fluctuations.

☆ Nissan, Renault Reach Deal on Alliance Shake-Up
▼ + stars: | 2023-01-30 | by ( River Davis | ) www.wsj.com time to read: 1 min

TOKYO— Nissan Motor Co. and its French partner Renault SA said Monday they reached an agreement to reorganize their more than two-decade-old alliance. Nissan and Renault have agreed to a deal under which the French auto maker will reduce its 43% stake in Nissan to 15%, the companies said. Renault will transfer 28% of its Nissan shares into a French trust, they said.

☆ British EV startup Arrival to lay off half of its staff
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: 1 min

Companies Arrival SA FollowJan 30 (Reuters) - British electric vehicle startup Arrival SA said on Monday it would lay off 50% of its staff, bringing the total headcount down to about 800 employees. The startup has faced difficulties raising funds and had announced shifting its focus to the United States to minimize costs leveraging benefits from the Inflation Reduction Act. The company also appointed Igor Torgov, who joined in February 2020, as its chief executive officer, effective immediately. With the layoffs and other cost reductions, the company said its cost of operating the business will halve to about $30 million per quarter. Reporting by Akash Sriram in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Brazilian lender Santander's Chairman Rial resigns
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, Jan 20 (Reuters) - Brazilian lender Santander Brasil SA said on Friday its chairman and former chief executive, Sergio Rial, is resigning from his position at the firm. The resignation comes just days after Rial quit his short-lived job as chief executive of retailer Americanas SA after finding accounting "inconsistencies" that led the company to file for bankruptcy protection. Rial was Santander Brasil's CEO for six years, as well as the bank's regional head for South America, before transitioning to board chairman in early 2022. He is also chairman of the board at fuel distributor Vibra Energia SA (VBBR3.SA), vice chair at BRF SA (BRFS3.SA) and a board member at Delta Air Lines (DAL.N). Rial will be replaced on an interim basis by his vice chair, Deborah Stern Vieitas, until the bank's next general meeting on April 28.

[1/3] People with their dogs enjoy the sun in front of the sea during unseasonably warm temperatures in Malaga, southern Spain, January 4, 2023. Property purchases by foreigners increased by 62% from a year earlier in the region of Andalusia, which includes Malaga, in the first half of 2022, according to the Centre for Statistical Information of Notaries. The local government last year eliminated a wealth tax that obliges residents and non-residents to pay income tax on money held abroad. Citigroup (C.N) announced in March 2022 plans to open a hub for junior investment bankers in the city, offering what it said was "a better equilibrium between work and private life to attract young talent". Additional reporting by Jesus Aguado; Writing by Charlie Devereux; Editing by Andrei Khalip and Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

☆ Luxury Brands See Early Signs of Recovery in China
▼ + stars: | 2023-01-18 | by ( Nick Kostov | ) www.wsj.com time to read: 1 min

British fashion house Burberry Group PLC and Cartier-owner Cie. Financière Richemont SA said sales to Chinese shoppers were starting to pick up, an early sign of recovery in what was the luxury industry’s biggest market before the pandemic. Persistent Covid-19-related disruption in China has been a major headache for makers of high-end clothing, handbags and jewelry, which had come to rely on spending by Chinese shoppers at home and abroad over the past two decades. Now, as Beijing lifts restrictions, the question is when and how strongly Chinese spending will bounce back.

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