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Ukraine’s military had only one Bohdana artillery cannon in its arsenal when Russia invaded the country two years ago. Now, Ukraine’s arms industry is building eight of the self-propelled Bohdana artillery systems each month, and although officials will not say how many they’ve made in total, the increased output signals a potential boom in the country’s domestic weapons production. Russia’s war machine is already quadrupling weapons production in round-the-clock operations. Ukraine’s forces are losing territory in some key areas, including the strategic eastern town of Avdiivka, where they withdrew from in February. And while European defense firms are gingerly opening operations in Ukraine, major American weapons producers have yet to commit to setting up shop in the middle of a war.
Organizations: NATO Locations: Russia, Ukraine, Kharkiv, Avdiivka, U.S
DALLAS (AP) — Houston point guard Jamal Shead exited the Cougars' Sweet 16 game against Duke with 6 1/2 minutes left in the first half after his right foot turned awkwardly on a move to the basket Friday night. The All-American walked slowly off the floor and went to the locker room. Shead was driving when he planted his foot and it turned, though he continued the play and missed a contested layup. After being tended to by an athletic trainer, Shead walked gingerly past the Houston bench and into the tunnel toward the locker room. The Blue Devils trailed top-seeded Houston 16-10 when Shead departed with 6:38 left.
Persons: , Jamal Shead, Shead, Duke Organizations: DALLAS, Cougars, Duke, CBS, Houston, CBS Sports, Blue Devils Locations: — Houston
CNN —“The Zone of Interest,” Jonathan Glazer’s Oscar-nominated historical drama, is technically a film about the Holocaust. “I knew right from the off that I didn’t want to reenact these atrocities using actors and extras,” director Glazer told CNN’s Christiane Amanpour in a February interview. “In other words, it’s out of sight but never out of mind,” Glazer told Amanpour. “No matter how good an actor is, faking the pain of a severe injury, of fatality, is a very hard thing,” Burn told IndieWire. At its core, Glazer says, “The Zone of Interest” is about what we choose to pay attention to — and what we’re able to ignore.
Persons: CNN —, Jonathan Glazer’s Oscar, Rudolf Höss, Glazer, CNN’s Christiane Amanpour, , Höss, Hedwig, — they’ve, ” Glazer, Amanpour, Oscar, Johnnie Burn, , Sarah Shachat, Burn, IndieWire, ” Burn, James Wilson, ” Wilson, “ It’s, ’ ” Organizations: CNN, Auschwitz, Best, London Locations: The, Estonia, Gaza, Yemen, , Mariupol, Israel
My mom had me when she was 40 years old. I've never thought of her as an old mom despite me being a geriatric pregnancy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementBy the time I was born, my mom was a fully formed adult, complete with a prefrontal cortex and a closet full of skirt suits. By allowing me to see all sides of her personhood, she raised me to be a good adult rather than just a good kid.
Persons: I've, , casseroles, I'd, Gilmore, Rory, Lorelai, fuming, steadfastness Organizations: Service Locations: Southern, Suburban Ohio, Alabama
Trump has invigorated an initially lackluster White House bid by leveraging his multiple criminal indictments to create a narrative of political persecution. On Thursday, CNN’s congressional team reported that senators trying to cut an immigration deal with the White House are running into a problem: Trump. The aid measure is being held up by the immigration showdown to which it was linked — perhaps unwisely many Democrats now think — by the White House. It has caused particular consternation in Europe after the transatlantic alliance was constantly rattled by Trump during his White House term. That’s likely to be a pale imitation of what awaits if he gets back to the White House.
Persons: Donald Trump, Trump, Ron DeSantis, Nikki Haley, Haley, Kevin Roberts –, , can’t, Kamala Harris, Joe Biden’s, Biden, he’s, , Sen, Kevin Cramer, Trump’s, Vladimir Putin, Mike Quigley of, Jim Sciutto, CNN Max, Putin, Michael McFaul, Obama, ” McFaul, ” Trump, Ted Cruz, Marco Rubio, Alejandro Mayorkas, Mike Johnson, Mitch McConnell, reverberations, America’s, Christine Lagarde, Heritage’s Roberts, Roberts, that’s, ” Roberts, Jamie Dimon, ” Dimon, Philipp Hildebrand, Emmanuel Macron, ” Macron Organizations: CNN, Florida Gov, South Carolina Gov, New Hampshire, Trump, Economic, Business titans, Heritage Foundation, Republicans, Capitol, GOP, Representatives, Republican, North Dakota Republican, Ukraine, Democratic, Congressional Ukraine Caucus, White, Spirit of, Homeland, US, Colorado Supreme, America, tony, European Central Bank, NATO, CNBC, ” BlackRock, Swiss National Bank Locations: Iowa, Washington, Ukraine, New, Davos, Swiss, Mike Quigley of Illinois, Moscow, Russian, Spirit of America, Ted Cruz of Texas, Marco Rubio of Florida, Europe, Iran, Paris, Switzerland, it’s, China, United States, France
PHILADELPHIA (AP) — Philadelphia Eagles wide receiver A.J. Brown will miss Monday night's playoff game against Tampa Bay with a knee injury. Brown lay on the field for a couple of minutes, walked gingerly to the medical tent favoring his right knee and then went to the Eagles' locker room. Political Cartoons View All 253 Images“Unfortunately, he won’t be able to rip it this week,” Sirianni said. The defending NFC champion Eagles opened the season 10-1 before a 1-5 finish knocked them to the No.
Persons: Brown, Nick McCloud, gingerly, Nick Sirianni, , ” Brown, won’t, ” Sirianni, Jalen, “ Everyone’s, Sirianni, ___ Organizations: PHILADELPHIA, — Philadelphia Eagles, Tampa Bay, New York Giants, MetLife, Eagles, Buccaneers, NFC
Evan McPherson's 48-yard field goal in overtime was the difference and ended a three-game losing streak on the season and a nine-game road skid on MNF. It ended an otherwise stellar night for Lawrence, who completed 22 of 29 passes for 259 yards and two touchdowns. Browning completed 32 of 37 passes and directed the overtime drive that set up McPherson's field goal. Beathard put the Jaguars in position for Brandon McManus’ 40-yard field goal with 26 seconds remaining in regulation. “It should have been a game-winning field goal,” said Jaguars coach Doug Pederson, pointing to the 48-yarder McManus missed early in the fourth.
Persons: — Jake Browning, Browning, Zac Taylor, Evan McPherson's, Trevor Lawrence, Walker Little, Lawrence, Joe Burrow, McPherson, Beathard, Brandon McManus ’, , Doug Pederson, McManus, Ja'Marr Chase, , Taylor, ” Joe Mixon, Chase Brown, Mixon, Tyler Boyd, Josh Allen, Allen, ” Taylor, Mixon's, Orlando Brown, Brown, HIGGINS, Tee Higgins, Higgins, TAYLOR BRO, Sherwood Taylor, Christian Kirk, Tre Herndon, Foley Fatukasi, Andre Cisco, ___ Organizations: Cincinnati Bengals, Jacksonville Jaguars, Bengals, Jaguars, Jacksonville, Pittsburgh, Press, Kansas State, NEXT, Indianapolis, Sunday Locations: JACKSONVILLE, Fla, Florida, banged, Lawrence, Kansas, Norman , Oklahoma, Cleveland
DENVER (AP) — Nikola Jokic had 32 points, 15 assists and 10 rebounds, Michael Porter Jr. scored a season-high 30 points and the Denver Nuggets rolled past the Houston Rockets 134-124 on Wednesday night in Jamal Murray's return from a hamstring injury. Murray scored 16 points after missing Denver’s past 11 games. “One of the security guards said, ‘Hey, great win tonight.’ I said it was a great outcome,” Nuggets coach Michael Malone said. "I wouldn’t call it a great win. Led by 12 points from Porter, the Nuggets scored a season-high 41 points in the first quarter and led by as many as 19 in the period.
Persons: Nikola Jokic, Michael Porter Jr, Jamal Murray's, Murray, , , , Michael Malone, you’ve, Porter, Aaron Gordon, I’ve, Jalen Green, Sengun, Fred VanVleet Organizations: DENVER, Denver Nuggets, Houston Rockets, Nuggets, ” Nuggets, NBA, Los Angeles Clippers, Denver, Rockets, Houston, Dallas Mavericks, Los Angeles Lakers Locations: Denver, Houston
CNN —Carlos Alcaraz suffered defeat on his ATP Finals debut on Monday, as Alexander Zverev battled back from a set down to win 6-7 (3-7) 6-3 6-4. “It’s the only tournament where a loss does not knock you out,” Alcaraz said, per the ATP. At the end of the second set and the start of the third, I hit three or four shots out straight away. “I watch Novak, for example, and he doesn’t give anything away straight away. My consistency was really lacking against Zverev.”Alcaraz hadn’t played since that shock defeat Safiullin on October 31 after being forced to withdraw from an ATP tournament in Basel with foot and back injuries.
Persons: CNN — Carlos Alcaraz, Alexander Zverev, Grigor Dimitrov, Roman Safiullin, Alcaraz, Andrey Rublev, , ” Alcaraz, Novak, Alcaraz hadn’t, Safiullin, Clive Brunskill, he’s, “ It’s, , ” Zverev, Zverev, Daniil Medvedev Organizations: CNN, ATP, Shanghai, Paris, Zverev Locations: Turin, Italy, Basel, China, Germany, Paris
Ms. James has asked that Mr. Trump pay $250 million and that he and his sons be permanently barred from running a business in New York. Mr. Trump has denied all wrongdoing. Mr. Trump minimized the importance of the statements and said the banks paid little attention to them. During the first week of the trial, Justice Engoron ordered Mr. Trump not to comment on members of his staff, and put similar restrictions on his lawyers. On Wednesday, Mr. Trump’s daughter Ivanka will be the fourth and final Trump family member to testify.
Persons: Donald J, Trump, Letitia James, Donald Jr, Eric, Arthur F, Engoron, James, Trump’s, Jeff McConney, Allen H, Justice Engoron, Kevin Wallace, , , Christopher M, ” James, James “, don’t, Allison Greenfield, Greenfield, Kise, Mr, Ivanka Organizations: White, New, Trump Organization, Mazars USA, Mr, Democrat Locations: New York
Citing civic duty and a quest to return the community to normal life, Lewiston residents turned out to vote in several high-profile referendums and local races. Lewiston voters were choosing a mayor and filling seven city council and eight school board seats. On Tuesday, police were on hand to put voters and 140 election workers at ease amid threats. Some election workers stayed home, either out of safety concerns or to focus on mourning, City Clerk Kathy Montejo said. At polling places, election wardens wore light blue shirts emblazoned with “Lewiston Strong” and a blue heart was at each of the tables where voters checked in.
Persons: we’ve, , James Scribner, Jon Connor, Connor, Kathy Montejo, ” Montejo, It’s, State Shenna Bellows, Lori Hallett, “ I’m, ” Scribner Organizations: Marine, Lewiston Strong, , State Locations: LEWISTON , Maine, New England, Lewiston
After the violent struggle with his attacker, Kunwong was left for dead, heavily bleeding from the wound in his throat. He was eventually found and cared for by other migrant workers. ‘Business as usual’ for Thai workers, aid groups sayThe Thai government has called for the release of all remaining citizens being held in Gaza. So far at least 33 Thai nationals have been killed, according to figures shared by Thai authorities with CNN – with 18 Thai nationals still being held hostage as of October 26. Families told CNN that, despite the conflict in Israel, Thai migrant workers were under pressure to honor contracts specifying minimum five years of labor – a heavy price to pay to support their families back home.
Persons: Kunwong, , , has, Thais, Yahel Kurlander, Kurlander, ” Kurlander, Lillian Suwanrumpha, Benjamin Netanyahu, Parnpree Bahiddha, Nukara, Zohar Shvartzberg, AAW, Manee Jirachart, CNN Kunwong, Manee, Chumporn Organizations: Thailand CNN, CNN, Israeli Government Press Office, Hamas, Hai, Getty, UN, Thai, Jobs, Families, Agricultural Workers Locations: Udon Thani, Thailand, Israel, Gaza, Palestinian, Nepal, Philippines, Israel’s, Thai, Tel, Bangkok, AFP, Tel Aviv
She said she still personally follows the formal canons of conduct that applied to her when she was an appeals court judge — which don't apply to the Supreme Court — and that her fellow justices do the same. Political Cartoons View All 1211 ImagesBut when asked by her host, former Law School Dean Robert Stein, how long it might take the Supreme Court to reach consensus about what its own ethics code should be, Barrett demurred. Kagan declared her support for an ethics code for the Supreme Court at a conference in Oregon in August. Alito said in an interview with the Wall Street Journal in July, after Democrats pushed Supreme Court ethics legislation through a Senate committee, that Congress lacks the constitutional authority to impose a code of ethics on the high court. ___Follow the AP’s coverage of the U.S. Supreme Court at https://apnews.com/hub/us-supreme-court.
Persons: Amy Coney Barrett, Barrett, , ” Barrett, , Law School Dean Robert Stein, Barrett demurred, , Stein, Elena Kagan, Sonia Sotomayor, Antonin Scalia, Ruth Bader Ginsburg, John Roberts, Barrett's, Sean Colfer, Barrett doesn't, Donald Trump, Roe, Wade, Thomas, Kagan, Alito, Brett Kavanaugh, ___, Trisha Ahmed, Ahmed Organizations: — U.S, Supreme, Law School, ” Police, Associated Press, Wall Street, Democrats, U.S, Associated, America Statehouse News Initiative, America Locations: MINNEAPOLIS, Wisconsin, Oregon, Minnesota
They can also rile up Trump's own party, which then incorporates the former president's vendettas and impulses into its own agenda. Though most in his party have stayed quiet, Trump's comments about Milley horrified some Republicans. On the debate stage last week, Trump’s rivals for the GOP nomination didn't address the former president's more incendiary rhetoric. Democrats, including Biden, have warned that Trump and supporters in his Make America Great Again movement are a threat to American democracy. At last week's California Republican Party convention in a hotel ballroom in Anaheim, Trump’s rhetoric reached yet another level.
Persons: Donald Trump, Joe Biden, lowlifes, , Trump, Vladimir Putin, Kim Jong, Ruth Ben, ” Ben, Ghiat, Rodrigo Duterte, Trump's, Jack Smith, Mark Milley, Milley, , ” Milley, Mike Pence, John Kelly, Kelly, ” Trump, Steven Cheung, Biden, ” Alex Conant, Ron DeSantis, Conant, Paul Pelosi, Nancy Pelosi, San Francisco — how’s, Jonathan J, Cooper, Michael R Organizations: Republican, Democratic, White, NBC, New, North, New York University, Trump, U.S, Capitol, Federal Bureau of Investigation, Republicans, GOP, Joint Chiefs of Staff, Washington's Georgetown University, The Associated Press, White House, CNN, Marine Corps, Florida Gov, California Republican Party, Associated Press Locations: United States, New York, Philippines, Mexico, U.S, China, Florida, , California, Anaheim, San Francisco, Anaheim , California
It's nesting season in Australia and people are on high alert for vicious swooping Australian magpies. AdvertisementAdvertisementIt's springtime in Australia, which means the return of vicious swooping attacks from the Australian magpie. An Australian magpie is shown here. While Australian magpies aren't closely related to their European counterpart, they are also known to be extremely clever. AdvertisementAdvertisementOver 80% of nesting magpies live near humans, which means swooping magpies are much rarer than they could be, Kaplan said in a post in The Conversation in 2017.
Persons: , , Mia, Christiaan Nyssen, Gisela Kaplan, Kaplan, gingerly Organizations: Service, BBC, CNN, Canberra Times, SBS Locations: Australia, Australian, Queensland
Typically, it’s the faithful who carry the various likenesses of Mary in similar festivals across the world. A century ago, the Vatican formally granted special permission for animals to pull the floats with life-sized statues of the Virgin Mary, said the Rev. Another uncommon aspect of the procession is the iconic century-old sacred image standing on the bow of a boat-shaped float – the Virgin Mary breastfeeding infant Jesus. At least 50 were women dressed in pink and blue like the Virgin statue, carrying Jesus dolls or real babies. One of this year’s floats represented Our Lady of Peace, her statue framed by flags of conflict-ridden countries like Ukraine and Libya.
Persons: , Antonio Faustino, Virgin Mary, , Pope Francis, Mary, Fernando Albano Cardoso, Faustino, Jesus, Albano, Julieta Pereira, ” Pereira, Filipe Mendonça, he’s, Alfredo Teixeira, Peace, , gingerly, Francisco Lopes, Jennifer Esteves Organizations: Catholic, Vatican, Catholic Church, Catholic University of Portugal, Lamego’s, Lilly Endowment Inc, AP Locations: LAMEGO, Portugal, Portugal’s, Nossa Senhora, , Lisbon, Douro, Switzerland, Ukraine, Libya, Portuguese, Germany
Two Musicals, One Lonesome World
  + stars: | 2023-08-21 | by ( Laura Collins-Hughes | ) www.nytimes.com   time to read: +1 min
There is little to be gained from getting overly attached to source material. When a story told first in one form is adapted into another, it becomes a different creature — in the details and sometimes the broad outlines, too. The book is a quiet, gentle thing, and it takes its time, layering in the details of Addie and Louis’s pasts and presents. Each has been lonely since long before their spouses died: his marriage marred by a scandalous affair, hers numbed by the death of a child. When Addie’s young grandson, Jamie, comes to stay with her, he’s lonely at first, too, and scared of the dark.
Persons: Kent Haruf’s, Addie, Louis, gingerly, Addie’s, Jamie, Emily Mann, Lucy Simon, Carmel Dean, Susan Birkenhead, Susan H, Schulman, Lauren Ward, Stephen Bogardus Organizations: Berkshire, Broadway Locations: Stockbridge , Mass,
Complicating the matter for DeSantis: Trump, the front-runner in the race by far, appears unwilling to provide him with a target. Rival campaigns smell blood in the water as DeSantis has faced questions over profligate campaign spending and his readiness for the national stage. In the most recent Reuters/Ipsos poll, released last week, Trump held 47% of the Republican vote nationally, with DeSantis dropping six points from July down to just 13%. Rick Santorum, a former U.S. senator and Republican presidential candidate who participated in a series of debates in the 2012 election, said DeSantis will need to be ready for an “onslaught” of attacks. “If I was on that stage, I would be going after Trump,” Santorum said.
Persons: Ron Desantis, Tucker Carlson, Scott Morgan, Florida Governor Ron DeSantis, Donald Trump, Trump, DeSantis, Nikki Haley, , Robert Bigelow, Rick Santorum, Santorum, , ” Santorum, Justin Sayfie, Jeb Bush, ” Sayfie, Charlie Crist, Haley, Doug Burgum, Chris Christie, Tim Scott, Vivek Ramaswamy, Mike Pence, Pence, Christie, “ That’s, ” Aaron Kall, It’s, ” Kall, Marco Rubio, James Oliphant, Gram Slattery, Colleen Jenkins, Alistair Bell Organizations: Former Fox, Iowa Events Center, REUTERS, Florida Governor, Trump, Republican, United Nations, Reuters, Harvard Law School, TRUMP, New, University of Michigan, Thomson Locations: Florida, Des Moines , Iowa, U.S, Milwaukee, Haley , North Dakota, New Jersey
PERTH, July 26 (Reuters) - Canada's ability to come back and beat Ireland 2-1 on Wednesday could prove to be the pivotal moment for the Olympic champions in their Women's World Cup campaign, coach Bev Priestman said. "I said at the end, 'It can be the making of us,'" Priestman told a press conference. The character, the quality, the experience that came about in the second half, that's the type of performance that we need." "Listen, Sophie Schmidt, Christine Sinclair, I thought their quality when we really needed it, they just allowed us to keep the ball in building," Priestman said. A goal in this tournament would make Sinclair the first player to score at six World Cups.
Persons: Bev Priestman, Priestman, we've, it's, Katie McCabe, Megan Connolly, Adriana Leon, Christine Sinclair, Sophie Schmidt, Sinclair, gingerly, Lori Ewing, Christian Radnedge Organizations: PERTH, Ireland, Olympic, Nigeria, Canada, Australia, Thomson Locations: Canada, Perth, British, Melbourne
Bud Light released a new ad with Kansas City Chiefs star Travis Kelce, titled "Backyard Grunts." Bud Light aims to win back conservatives with a new ad featuring Kansas City Chiefs star Travis Kelce and several decidedly less athletic men gingerly easing themselves into various seats — and grunting. Bud Light faced backlash over partnering with transgender influencer Dylan Mulvaney in April. The new 15-second spot depicted various backyard gatherings and has no dialogue apart from grunts, sighs, and Kelce saying "yeah." He also said about the summer advertising strategy: "you can look forward to Bud Light reinforcing what you've always loved about our brand – that it's easy to drink and easy to enjoy."
Persons: Bud Light, Travis Kelce, influencer Dylan Mulvaney, Brendan Whitworth, Mulvaney, Whitworth, Bud, Busch, you've Organizations: Kansas City Chiefs, Anheuser, Busch US, Morning, Busch, CBS, Bud Light, Modelo Especial Locations: America
CNN —As she took to the start line of the 100-meter hurdles, Jolien Boumkwo was at first met with confusion, then amusement, then raucous support. The Belgian shot putter emerged as an unlikely hero from the European Athletics Team Championships in Poland on Saturday after injuries to her teammates compelled her to step into the hurdles event at the last minute. Boumkwo, who had placed seventh in the shot put the day before, eventually finished in 32.18 seconds – 19 seconds behind the next slowest athlete. The crowd screamed their support as she ran towards the finish line, her teammates applauded her can-do spirit, and online she was inundated with positive messages. Boumkwo races to finish line in the 100-meter hurdles.
Persons: Jolien Boumkwo, Boumkwo jogged, CNN Sport’s Don Riddell, Boumkwo soaks, Thomas Windestam, ” Boumkwo, , Boumkwo, Erik Van Leeuwen, , … It’s, “ I’m, Organizations: CNN, European Athletics Team, MAG, Getty, BELGA MAG Locations: Belgian, Poland, Belgium, AFP
Trump’s legal defense strategy is now entirely fused with his electoral one. His bid to regain the White House is no longer a mere political campaign but has now become about self-preservation. If Trump becomes the 2024 GOP nominee, the cloud of criminality could linger over the election until November next year. This potentially could cause havoc with Trump’s political schedule. The salience of Trump’s grievance campaign could become even more relevant in a general election.
Persons: Donald Trump, underscoring, , Trump, he’s, ” Trump, Joe Biden, He’s, “ He’s, , Van Jones, Hillary Clinton, Jack Smith’s, , — Trump, Kevin McCarthy, Nikki Haley gingerly, she’d, Mike Pence, Ken Buck, CNN’s Dana, Steve Womack, CNN’s Manu Raju, , Fani Willis, Ron DeSantis Organizations: CNN, White House, GOP, America, ” CNN, Trump, Republican, Republicans, Capitol, Former South Carolina Gov, Wall Street, Freedom Caucus, Arkansas, House Republicans, Justice Department, Trump hasn’t, Florida Gov, Locations: Cuban, Miami, New Jersey, Florida, Trump, Colorado, Manhattan, Georgia
BURN IT DOWN: Power, Complicity, and a Call for Change in Hollywood, by Maureen RyanAs I typed this, striking Writers Guild of America members were skipping the picket lines in New York City because of poor air quality, after smoke drifted down from wildfires in Canada. It was a grimly perfect backdrop to read “Burn It Down,” a new book about the pervasive moral shortcomings of Hollywood by the longtime entertainment reporter and critic Maureen Ryan. For the industry Ryan covers is suffering its own kind of climate crisis. Television seasons are shorter — that’s if it’s even relevant to call a collection of episodes that can be binged anytime a “season” anymore. official and private investigator.”Ryan also alludes briefly here, as she has in Variety, to having been the victim of sexual assault by an unnamed television executive.
Persons: Maureen Ryan, Ryan, Don, George Floyd, gingerly, , H.R, ” Ryan, Howard Beale Organizations: Guild of America, Television, The New York Times, The Chicago Tribune, Variety Locations: Hollywood, New York City, Canada
Under a sliver of brightening moon, the young woman, Iselekhe Jeilaniy, sat gingerly on a mat, careful that the wet henna on her skin would not smudge, just as she had on the eve of her wedding day. But she was not getting married. She was getting divorced. The next day would be her divorce party. She was busy posting henna pictures on Snapchat — the modern version of a divorce announcement.
Persons: Iselekhe Jeilaniy, Iselekhe, Jeilaniy’s, , ” Ms, Jeilaniy Locations: West African, Mauritania
China’s Midea regains outbound deal appetite
  + stars: | 2023-05-02 | by ( ) www.reuters.com   time to read: +2 min
HONG KONG, May 2 (Reuters Breakingviews) - Midea (000333.SZ), a $58 billion Chinese white goods champion, made waves in Europe in 2016 when it bought German robot maker Kuka for nearly $5 billion. Seven years later, the company is eyeing Sweden’s home appliance brand Electrolux (ELUXb.ST), a complementary asset currently worth around $7 billion including debt. A successful tilt could mark the beginning of a revival in outbound M&A by Chinese firms after offshore deals touched a historic low of $29 billion in 2022, per EY estimates. To close the Kuka acquisition, Midea offered a 36% price premium and generous guarantees including leaving management in place until 2023. Nevertheless, it seems likely that more cash-rich Chinese companies like Midea, seeking to hedge weak domestic demand with overseas customers, will gingerly test cross-border M&A markets this year.
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