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FIFPRO‘An industry-wide issue’European club teams are preparing for a revamped UEFA Champions League – the most prestigious competition in European club soccer – which will see teams play at least an additional two games. Manchester City hoist the Club World Cup trophy in December 2023. Conflict between national teams and clubs over minutes could arise, star players could see the field less and league structures would have to change. Over 40% of World Cup players surveyed by Football Benchmark said that they experienced extreme or increased mental fatigue after the tournament. Instead, it’s the calendar and consultation process that need to change for those in the game.
Persons: England CNN —, , Maheta Molango, ” Molango, Amr Abdallah Dalsh, , Javier Tebas, Molango, Vinícius Júnior, Ballon d’Or, Ronaldinho, Jude Bellingham, Florencia Tan Jun, Wayne Rooney –, , David Beckham, Takumi Minamino, Simon Brundish, Harry Kane, Kylian Mbappe, Brundish, ” Brundish, Kevin C, Cox, David Terrier, ’ That’s, Richard Masters, you’re, Umberto Calcagno, FIFPRO, Jorge Mas, Lionel Messi, Henry Winter Organizations: England CNN, FIFPRO, ’ Association, PFA, CNN Sport, UEFA, League, FIFA Club, Manchester City, Reuters, La Liga, FIFA, des, Associazione Italiana Calciatori, CNN, Super League, Copa, Champions League, Vinícius, Madrid, Bellingham, Manchester United, Japan, French, AS Monaco, Sports, France, Football Benchmark, Premier League Chief, AIC, Inter Miami Locations: London, England, Wales, U.S, Canada, Mexico, Manchester, Europe, Real Madrid, Brazil, Bellingham, Qatar
Discounted Russian gas is hitting European markets, the Center for European Policy Analysis said. AdvertisementRussia has unleashed discounted gas onto European markets, working to keep countries hooked on its energy supply, the Center for European Policy Analysis said. Although the Ukrainian route has continued supplying Western markets through the war, its January expiration would likely be enough to risk a Gazprom bankruptcy. Slovakia, Hungary, and Austria are among examples CEPA cited as customers for Russian gas. AdvertisementAlready, Southern European traders are profiting by buying cheap Russian gas pumped through a Turkish pipeline and then selling it at a premium in Western European markets, she suggested.
Persons: , It's, Aura Sabadus, CEPA, Sabadus Organizations: Center for, Kremlin, Service, Ukraine —, Moscow, Gazprom Locations: Ukraine, Russia, Ukrainian, Eastern, Slovakia, Hungary, Austria, Gazprom's, Southern, Turkish, Poland
Shares of H&M plunged more than 14% on Thursday morning after the company reported a smaller-than-expected increase in second-quarter profits and cast doubt over its June sales and full-year profit margin target. The world's second largest retailer said operating profit for the period between March and May came in at 7.1 billion Swedish kroner ($672 million), below the 7.37 billion Swedish kroner anticipated by analysts, according to an LSEG poll cited by Reuters. The second-quarter result was nevertheless above the 4.7 billion Swedish kroner recorded in the same period last year. Further weighing on stock, H&M CEO Daniel Ervér cast doubt over the company's ability to meet its margin target this year. "Our goal of an operating margin of 10 percent for full-year 2024 remains in place," he said.
Persons: Daniel Ervér, Inditex Organizations: Reuters Locations: London, Paris, Milan, Berlin, Stockholm, Hamburg, Munich, New York, Tokyo, Zara
A photo shows the bell during a bell ceremony of the Euronext Brussels Stock Exchange in Brussels on March 18, 2024. LONDON — European stocks are expected to open in negative territory Thursday as global inflation worries continue to rattle markets. Global market attention is shifting toward fresh U.S. inflation data on Friday, with May's personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge, due to be released. Data releases in Europe Thursday include Italy's latest consumer and business confidence numbers, and Spanish retail sales. An EU leader' summit begins in Brussels on Thursday and the Bank of England publishes its latest Financial Stability Report.
Persons: Germany's DAX Organizations: Euronext Brussels Stock Exchange, LONDON, CAC, IG, Global, U.S, U.S . Federal, U.S ., Bank of England Locations: Brussels, U.S ., Asia, Pacific, Europe, EU
A data center. The industry is about to be hit with a "wave of data tsunami," said Merima Dzanic, head of strategy and operations at the Danish Data Center Industry Association. A "whole different approach to how we build, design and operate data centers," is required, Dzanic added. Eco launchASCEND's goal was to explore the potential and comparative environmental impact of space-based data centers to aid Europe in becoming carbon-neutral by 2050. Yet Dzanic warned the somewhat "fringe" idea of space-based data centers doesn't fully solve the issue of sustainable energy usage.
Persons: Erik Isakson, Damien Dumestier, Dumestier, Merima Dzanic, Dzanic, Michael Winterson, Andrey Semenov Organizations: DigitalVision, Thales Alenia Space, European Commission, CNBC, International Energy Agency, Danish Data Center Industry Association, International Space, European Data Centre Association, Istock, Getty Locations: Europe, Japan
With the rest of the world distracted by wars in Gaza and Ukraine, Iran has moved closer than ever to the ability to produce several nuclear weapons, installing 1,400 next-generation centrifuges in recent weeks inside a facility buried so deep that it is all but impervious to bunker-busting bombs. The sharp technological upgrade goes hand in hand with another worrisome change: For the first time, some members of Iran’s ruling elite are dropping the country’s decades-old insistence that its nuclear program is entirely for peaceful purposes. Instead, they are publicly beginning to embrace the logic of possessing the bomb, arguing that recent missile exchanges with Israel underscore the need for a far more powerful deterrent. In interviews with a dozen American, European, Iranian and Israeli officials and with outside experts, the cumulative effect of this surge appears clear: Iran has cemented its role as a “threshold” nuclear state, walking right up to the line of building a weapon without stepping over it. American officials are divided on the question of whether Iran is preparing to take that final step or whether it will determine it is safer — and more effective — to stay just on the cusp of a weapons capability, without openly abandoning the last of its commitments as a signer of the Nuclear Nonproliferation Treaty.
Locations: Gaza, Ukraine, Iran, Israel
Poster of Christophe Versini for the Rassemblement National (National Rally) party, with Marine Le Pen and Jordan Bardella on it, on June 24, 2024. Recent polling suggests the far-right Rassemblement National (RN, or National Rally) party, led by Jordan Bardella, could win the most seats in the National Assembly, followed by the left-wing alliance Nouveau Front Populaire (NFP, or New Popular Front). French bond yields — which move inversely to prices — have been relatively contained. Even then, he added, the spread of French bond yields over their German counterparts looked set to remain higher than before Macron called the election. There is little concern over France enacting its own "Frexit," he said, with even National Rally having moved away from actively proposing leaving the euro area or the European Union.
Persons: Christophe Versini, Jordan Bardella, Magali Cohen, Emmanuel Macron, Sunday's, Giorgia Meloni, Viraj Patel, Patel, Liz, Truss, Andrew Kenningham, Macron, Kenningham, François Mitterrand, Christian Keller, CNBC's, Keller Organizations: Rassemblement National, Afp, Getty, National Assembly, Societe Generale, BNP, Vanda Research, Capital Economics, European Central Bank, Bank of England, Barclays, European Union Locations: Germany, Italy, Europe, France, Britain
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech rally 'broadening out' to other sectors, Deutsche Bank strategist saysMaximilian Uleer, head of European equity & cross asset strategy at Deutsche Bank Research, says the tech stock rally looks set to extend to other sectors.
Persons: Maximilian Uleer Organizations: Email Tech, Deutsche Bank, Deutsche Bank Research
CNN —France’s snap parliamentary election is one of the most momentous in decades, for both the country and the rest of Europe. Politicians rarely call an election when their party trails in the polls and there is no need to do so. Although Macron was elected to a second presidential term in 2022, his party failed to win an outright parliamentary majority. One theory about why Macron called an election now is that France might soon have been forced to the polls anyway. With Le Pen seeming increasingly likely to succeed him as president in 2027, this election may force her party to take up responsibility beforehand.
Persons: CNN —, Emmanuel Macron, he’ll, ” Kevin Arceneaux, , France’s, Macron, Pen, Antonio Masiello, , Laure Boyer, Hans Lucas, Gabriel Attal – Macron’s, Jordan Bardella, Bardella, Le Pen, Denis, Eric Ciotti, Jordan Bardella's, Julien De Rosa, Jean, Luc Mélenchon, Raphaël, Sylvain Thomas, Mujtaba Rahman, , Rahman, , Jordan, we’re, Macron –, I’m Organizations: CNN, Paris hamstrung, , Sciences Po, Fifth, Assembly, National Assembly, Palais Bourbon, Getty, Sorbonne university, Socialists, New, Eurasia Group Locations: Europe, France, Paris, Fifth Republic, Italy, AFP, Seine, Montpellier, Brussels, Ukraine, Kyiv, Russia
"The country is today facing an attempted coup d'etat," Arce said, according to a CNBC translation. All of the units," Zuniga said during the military movement, according to a CNBC translation. Asked whether the coup forces were seeking to take over the Bolivian presidential residence, the general confirmed "yes." "Spain strongly condemns the military movements in Bolivia," Spain's Prime Minister Pedro Sanchez said on social media platform X, according to a CNBC translation. he said on social media, according to a CNBC translation.
Persons: Luis Arce Catacora, Juan Jose Zuniga, Luis Arce, " Arce, Maria Nela Prada, Jose Wilson Sanchez, Edmundo Novillo, Zuniga, Ivan Lima, Eduardo del Castillo, Juan Arnez Salvador, Zuniga —, Evo Morales —, Josep Borrell, Pedro Sanchez, Arce Organizations: Murillo, Bolivian, CNBC, de Murillo, Soldiers, Associated Press, Defense, Government, U.S, Monetary Fund, European Union, South Locations: Bolivia, La Paz, Spain, Venezuela, Paraguay, Cuba, Chile, Bolivian
Trump Eyes Bigger Trade War in Second Term
  + stars: | 2024-06-27 | by ( Ana Swanson | Alan Rappeport | ) www.nytimes.com   time to read: +1 min
They hit back, imposing tariffs on American soybeans, whiskey, orange juice and motorcycles. U.S. agricultural exports plummeted, prompting Mr. Trump to send $23 billion to farmers to help offset losses. Now, as he runs for president again, Mr. Trump is promising to ratchet up his trade war to a much greater degree. He has proposed “universal baseline tariffs on most foreign products,” including higher levies on certain countries that devalue their currency. Mr. Trump, who once proclaimed himself “Tariff Man,” has long argued that tariffs would boost American factories, end the gap between what America imported and what it exported and increase American jobs.
Persons: Donald J, Trump, Organizations: , European, America Locations: China, Canada, European Union, Mexico, India
Brimming with entrepreneurs and around 1,000 startup companies, it embodies France's exciting tech industry. So if you could rank Europe's tech hubs, what would be your top three? But I'm really excited about Lisbon actually, I know the Mayor of Lisbon pretty well, have been hearing really positive things. I mean things like that could just be completely deprioritized, which is essentially what has been helping us move things forward in France. Under Macron what have been for you the big positives that have come out of his presidency and tech push more broadly.
Persons: Tom Chitty, Roxanne Varza, Bruno Le Maire, Tom Chitty The, you'll, Arjun, I've, Roxanne, Macron, we'd, we've, Tom Chitty Let's, Xavier Niel, he's, Roxanne Varza That's, we're, I'm, Roxanne Varza Paris, Tom Chitty Arjun, Arjun Kharpal, What's, There's, you've, haven't, They're, Roxanne Varza Big, Tom Chitty U.S, Arjun Kharpal It's, who's, that's, there's, they've, we'll, Tom, Tom Chitty We'll Organizations: Meta, Google, CNBC, Uber, Accel, Dealroom, Mistral, Viva Tech, Sequoia Capital, Big Tech, Microsoft, French Finance, London Stock Exchange, London . Locations: Paris, France, French, Europe, beyondthevalley@cnbc.com, London, Berlin, U.S, Silicon Valley, Palo Alto, Bay, Amsterdam, Lisbon, Old, Shoreditch, London . Tel Aviv
CNN —Hungarian striker Barnabás Varga has been released from hospital following the serious injury he sustained against Scotland at Euro 2024 on Sunday. Following the match, the Hungarian FA confirmed that Varga had suffered a concussion and a broken cheekbone which required surgery. Now comes a few weeks of rest,” the Ferencváros player said in a club statement after being released from hospital on Wednesday. “Barnabás Varga has been released from the hospital in Stuttgart this morning, he is now recovering in his home in Hungary,” the Hungarian FA said in a statement posted on X, formerly known as Twitter. Following the injury to Varga, Hungary captain Dominik Szoboszlai called for a change to medical protocols postgame.
Persons: Barnabás Varga, Varga, Angus Gunn, “ Barnabás Varga, Dominik Szoboszlai, ” Szoboszlai, , “ It’s, don’t, it’s, Carl Recine, , Barnabás Varga of Hungary, Organizations: CNN, Scotland, Hungarian FA, FA, Twitter, CNN Sport, UEFA, European Locations: Scotland, Stuttgart, Hungary, Germany, Switzerland, Group
Nearly 20 years ago, a wry young human rights lawyer, Keir Starmer, told a documentary filmmaker that it had struck him as “odd” to receive the title of Queen’s Counsel, “since I often used to propose the abolition of the monarchy.”Mr. Starmer, now the leader of Britain’s Labour Party, has long since disavowed his anti-monarchy statements as youthful indiscretions. In 2014, he knelt before Charles, then the Prince of Wales, who tapped him on the shoulder with a sword and awarded him a knighthood. If Sir Keir Starmer is swept into 10 Downing Street in the general election next week, as polls suggest he will be, he may end up more politically in sync with Charles then the last two Conservative prime ministers, Rishi Sunak and Liz Truss, whose terms have overlapped with the king’s reign. On issues including climate change, housing, immigration and Britain’s relations with the European Union, experts say, Mr. Starmer is likely to find common ground with a king who holds longstanding, often fervent, views on those issues but is constitutionally barred from taking any role in politics.
Persons: Keir Starmer, Mr, Starmer, Charles, Prince of Wales, Sir Keir Starmer, Charles then, Rishi Sunak, Liz Truss Organizations: Britain’s Labour Party, Conservative, European Union
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUkraine's Zelenskyy expresses hope that countries will be on the 'right side of history, our side' as elections take placeUkrainian President Volodymyr Zelenskyy answers a question from CNBC at the European Council in Brussels.
Persons: Volodymyr Zelenskyy Organizations: CNBC, European Locations: Brussels
"Work has changed drastically compared to what it was just 10 years ago," Haney said when he introduced the bill. Workers shouldn't be punished for not being available 24/7 if they're not being paid for 24 hours of work." U.S. business oppositionSome U.S. business interests have argued it's up to workers to set their own work-life balance. Many critics of the bill point to the complexity of establishing non-working hours for salaried employees —the California bill proposes to protect both hourly and salaried workers. Work was life, and life was something that happened on the way to and from work.
Persons: , Matt Haney, Haney, Workers shouldn't, they're, it's, Jason Calacanis, SHRM, Alan Guarino, Korn Ferry Organizations: Assembly, Workers, Washington State, U.S, CNBC Locations: West Coast, California's, Francisco, France, . New York City, Europe, U.S, China, California
“This is the best day in the lives of Georgians,” Kvaratskhelia told reporters after the game, per Reuters. But I think this is why we’re a strong team.”Cristiano Ronaldo shakes hands with Khvicha Kvaratskhelia as he was substituted off in the second half. Ronaldo encouragementVideos on social media showed the team’s excitement in the locker room, with Kvaratskhelia wearing Ronaldo’s shirt. Five-time Ballon d’Or winner Ronaldo had been frustrated for much of the match but had given his shirt to an emotional Kvaratskhelia following the defeat. The Napoli forward also spoke to his childhood hero before the match and said Ronaldo had wished him luck.
Persons: CNN —, Cristiano Ronaldo, Georges Mikautadze, ” Kvaratskhelia, ” Cristiano Ronaldo, Khvicha Kvaratskhelia, Kevin C, Cox, David Webb, , Willy Sagnol’s, Webb, ” Webb, Ronaldo, Ballon d’Or, Kvaratskhelia, , “ We’ve Organizations: CNN, Crusaders, Portugal, Reuters, CNN Sport, – Wales, Napoli, Georgian Locations: Georgia, Kvaratskhelia, Gelsenkirchen ., Tbilisi, Portugal, Wales, Iceland, Spain
“The thing that I really liked about Estonians, and Estonians have never believed me when I say this, but I liked how friendly they were,” he says. Reflecting on his first years in Estonia, Johnson notes that things were very different to how they are now. “Quite often, people don’t really believe that that’s possible,” he says. Marcus Lindstrom/iStockphoto/Getty ImagesAlthough his day to day life may be very different in Estonia, Johnson feels that things aren’t very different scenery wise. “And they decided to become a very modern country… Really, it’s been the experience of a lifetime, being able to watch this kind of transformation over a quarter of a century.”
Persons: hadn’t, Stewart Johnson, didn’t, he’d “, , ” Johnson, Johnson, , , ‘ Don’t, you’re, , Katrin Press “, I’ve, don’t, Chuck, chemo, he’s, Stewart Johnson “, it’s, , Marcus Lindstrom, “ It’s, “ I’ve, You’re Organizations: CNN, CNN Travel, Foreign Service, Estonia “, Comedy, Locations: Canada, States, Wisconsin, America, Estonia, Soviet Union, that’s Tallinn, Estonian, Europe, Northern, Tartu, , Comedy Estonia, Tallinn
A Trader works on the floor of the New York Stock Exchange in New York City, June 24, 2024. LONDON — European stocks are expected to open higher Wednesday, reversing negative sentiment seen in the previous trading session. The positive open anticipated for European markets comes after rocky trade in the region, and elsewhere globally, after a tech-driven selloff — although volatility in the sector appeared to stabilize after chipmaking giant Nvidia rallied Tuesday. Wall Street is likely to shift its attention toward fresh U.S. inflation data on Friday with the release of May's personal consumption expenditures price index, the U.S. Federal Reserve's preferred inflation gauge. Data releases in Europe on Wednesday include Germany's GFK consumer survey for July and European consumer confidence data for June.
Persons: Germany's DAX Organizations: New York Stock Exchange, LONDON, CAC, IG, Nvidia, U.S, U.S . Federal Locations: New York City, Asia, Pacific, U.S ., Europe, Mulberry
The technology to store renewable energy for long periods hasn’t quite been mastered, either. The interconnector would send renewable energy both east and west, taking advantage of the sun’s diurnal journey across the sky. The transatlantic interconnector is still a proposal, but networks of green energy cables are starting to sprawl across the world’s sea beds. They are fast becoming part of a global climate solution, transmitting large amounts of renewable energy to countries struggling to make the green transition alone. Not all of them carry renewable power exclusively — that’s sometimes determined by what makes up each country’s energy grid — but new ones are typically being built for a green energy future.
Persons: there’s, , Simon Ludlam, “ We’ve, we’ve, Fadel Senna, Paul Ellis, Biden, Laurent Segalen, Energy’s Ludlam, , you’ve, you’re, Trump, Dmitry Peskov, George Dyson, Dyson, Morten Kruger, Frank Schneider, Alberto Rizzi, ” Rizzi Organizations: London CNN, Etchea Energy, Getty, Burbo, Sun Cable, Initiative, NATO, European Council, Foreign Relations, United, European Union Locations: New York, California, Britain, Europe, North America, Canada, France, East Coast, United States, Paris, Belgium, Norway, Netherlands, Denmark, Morocco, Moroccan, Ouarzazate, AFP, English, New Brighton, Australia, Singapore, India, Saudi Arabia, Asia, East, Beijing, London, Russia, China, Germany, Ukraine, Finland, Sweden, Baltic, Western Europe, North, Russian, Aqaba, Jordan, Taba, Egypt, Red, America, EU
On Thursday and Saturday, two different "potentially hazardous" asteroids will fly by Earth. The first is as big as a mountain, and the second will be one of the brightest in recent history. Neither of them pose a threat to Earth, and you can watch their fly-bys live. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Due to their size and trajectory, both of these space rocks are labeled "potentially hazardous."
Persons: Organizations: Service, European Space Agency, Business
NATO will offer Ukraine a new headquarters to manage its military assistance at its upcoming 75th anniversary summit in Washington, officials said, an assurance of the alliance’s long-term commitment to the country’s security that has been heralded as a “bridge” to Kyiv’s eventual membership. President Volodymyr Zelensky of Ukraine — along with some Central European nations — had fervently hoped his country would be offered membership negotiations by NATO at the summit, which runs from July 9 to 11. Instead, the alliance will announce that it has agreed to set up a mission in Germany to coordinate aid of all kinds to Ukraine over the longer term, American and NATO officials said. The move is intended to send a strong signal of allied commitment, both to Kyiv and to Moscow, which hopes the West will grow tired of supporting the war. Because the mission will be under NATO’s auspices, it is designed to function even if Donald J. Trump, a sharp critic of the alliance and of aid to Ukraine, wins the U.S. presidency in November.
Persons: Volodymyr Zelensky, , Donald J, Trump Organizations: NATO, Central, Kyiv Locations: Ukraine, Washington, Germany, Moscow
Those hoping to march to the stadium with Hungary’s fans for their soccer team’s first game of the European Championship were expected to report by 10 a.m. sharp, five hours before kickoff. Some could wear black. Others were to stick with red, white and green, the colors of the country’s flag. The Carpathian Brigade has, in recent years, become perhaps Europe’s most infamous ultra group, its reputation forged by clashing with the police, showering opponents with racist abuse and displaying homophobic banners. In 2021, during the last European Championship, it had to remind members to cover up any Nazi-related tattoos so as not to contravene German law.
Organizations: team’s, European, Carpathian Brigade, Hungarian
But key challenges face the country as it looks to become the world's third-biggest AI hub. At the London Tech Week conference in the Olympia events venue earlier this month, tech executives from around the world touted London and the U.K. as a place to invest. London vs. FranceLondon is facing heated rivalry from France for the title of European AI leader. Can the UK keep its European AI crown? Seeking regulatory clarityAnother key source of uncertainty for tech leaders is the future of AI regulation in the U.K.
Persons: Mike Kemp, Alex Kendall, — Kendall, Wayve's, Brent Hoberman, Wayve, it's, Salesforce, Janet Coyle, Coyle, Arthur Mensch, Hanno Renner, that's, Europe's, CNBC's, Philip Belamant, Zilch, Matthew Holman, Cripps, Holman Organizations: Global, London Tech, Sage, Google, London, Partners, Viva Tech, Accel, CNBC, Mistral France Paris, Alpha, Alpha Germany Heidelberg, Face France Paris, France Paris, United, United Kingdom London, Kingdom London, Tech, European Union Locations: London, United Kingdom, China, Olympia, SoftBank, San Francisco, Vancouver . U.S, France London, France, Brazil, Silicon, Europe, Paris, Berlin, Alpha Germany, Germany, Brexit, Britain
Taylor Swift fans queue outside Murrayfield Stadium in Edinburgh, Scotland, on June 6, 2024. Jeff J Mitchell | Getty Images News | Getty ImagesThe price of 'funflation'Some ticket prices have surged in recent months, according to federal data. Why Americans go all out on entertainmentDespite rising costs, 38% of adults said they plan to take on more debt to travel, dine out and see live entertainment in the months ahead, according to a report by Bankrate. Taylor Swift performs on stage at Wembley Stadium in London on June 22, 2024. Kevin Mazur | Getty Images Entertainment | Getty Images"There's still a lot of demand for out-of-home entertainment," Ted Rossman, senior industry analyst at Bankrate, recently told CNBC.
Persons: Taylor Swift, Jeff J Mitchell, Taylor, Bankrate, Kevin Mazur, Ted Rossman, Rossman Organizations: Murrayfield, Getty, Bureau of Labor Statistics, CPI, Bankrate, Wembley, CNBC Locations: Edinburgh, Scotland, U.S, London
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