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☆ Opinion: In tough times, Russia turns to a Cold War comrade
▼ + stars: | 2023-07-20 | by ( Opinion Jeremi Suri | ) edition.cnn.com time to read: +10 min

CNN —After decades of somewhat distant relations, Russia and Cuba are working closely together again — this time, as part of Vladimir Putin’s war in Ukraine. Cuba's Minister of Foreign Affairs, Bruno Rodriguez, and Russian Foreign Minister, Sergey Lavrov, meet in Havana on April 20, in a show of deepening ties between the countries. In addition to deepened connections with Russia, Cuba has allowed China to build a secret espionage facility on the island. Washington will respond to Russian military escalation in Cuba with its own escalating force, as it already has done with the recent deployment of a nuclear submarine. Military escalation around Cuba is a dangerous temptation for Russia and a difficult trap for the US.

Persons: Jeremi Suri, Mack Brown, America’s, Vladimir Putin’s, Jeremi Suri Korey Howell, Nikolai Patrushev, Igor Sechin, Rosneft, Sergey Lavrov, —, Manuel Marrero Cruz, Putin, Alvaro Lopéz Miera, Sergei Shoigu, Shoigu, ” Shoigu, ”, Gerardo Peñalver, Bruno Rodriguez, Ramon Espinosa, Miguel Diaz, Canel, Obama, White, Nikita Khrushchev, John F, Kennedy, Khrushchev, Biden, — Khrushchev Organizations: Leadership, Global Affairs, University of Texas, History Department, LBJ School, Democracy, CNN, Russian Security Council, Cuban, Russian, Cuba's, Foreign Affairs, Russian Foreign, Getty Images, year’s, Russian Navy, Caribbean Military, Trump, Biden, Soviets, Pentagon, US, USS, Cuban Ministry of Foreign Affairs, US Navy, West, Washington, Hulton, Getty, White, Republican, Russia, Ukraine, Twitter, Cuban Missile Locations: Austin, Russia, Cuba, Ukraine, Russian, Havana ., — Venezuela, Nicaragua, Moscow, Caribbean, Washington, Havana, Getty Images Cuba, America, China, Lourdes, USS Pasadena, Guantanamo, American, Soviet, West Berlin, Europe, Putin, Florida, Afghanistan, Turkey

☆ EU has to come clean on costs of green transition
▼ + stars: | 2023-07-18 | by ( Pierre Briancon | ) www.reuters.com time to read: +8 min

European Union governments have agreed on the strategy, but they tend to paper over the short-term economic costs of the green transition. French economist Jean Pisani-Ferry has compared the impact of the green transition to an economic shock equivalent to the sharp spikes in oil prices in the 1970s. But unlike previous shocks triggered by geopolitical instability or trade wars, the green transition has been initiated and managed by governments, and largely financed by them. Germany looks like the country most able to afford the green transition, but its over-emphasis on regulation on environmental matters is running into fierce opposition. On Sunday Paolo Gentiloni, the EU economy commissioner, told the Financial Times that Europe will have to fund its own industrial green transition.

Persons: Jean Pisani, won’t, Pisani, Selma Mahfouz, Paolo Gentiloni, Bruno Le Maire, Christian Lindner, Keir Starmer, –, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Union, Reuters Graphics Reuters, International Energy Agency, Ferry, Social Democrats, Greens, Opposition, Financial Times, French Finance, German, Labour Party, Twitter, Southern, European Commission, Deal, Zero, Thomson Locations: Europe, France, Italy, Germany, EU, Paris, Southern Europe, Spain, Greece

☆ France to raise regulated household electricity prices by 10% from August
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

PARIS, July 18 (Reuters) - The French government has decided to raise regulated household electricity prices by 10% starting from August, a government official said on Tuesday, confirming a report from newspaper Les Echos. The 10% increase is much lower than the one proposed by the French Energy Regulatory Commission (CRE), which - based on current market prices - recommended an increase of 74.5%. In May, Finance Minister Bruno Le Maire said France's cap on electricity prices would be phased out and end at the end of next year. European electricity prices soared last year, mainly driven by the fallout from the war in Ukraine. France also saw record-low nuclear output as state-owned utility EDF (EDF.PA) repairs reactors affected by stress corrosion.

Persons: Les, ”, Bruno Le Maire, France's, Benjamin Mallet, Tassilo Hummel, Charlotte Van Campenhout, Jason Neely Organizations: French Energy Regulatory Commission, Finance, EDF, Thomson Locations: Europe, Ukraine, France

☆ Missing genes in ‘mind-controlling’ worms pose an evolutionary puzzle
▼ + stars: | 2023-07-18 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +7 min

However, when the scientists compared their horsehair worm genomes with genomic information from other animals, something was missing, Cunha told CNN. Two live tangled freshwater horsehair worms, scientifically called Gordionus violaceus, were found in Germany. Mysteries remain about the worms’ movementsAs useful as cilia are, horsehair worms seem to be doing just fine without them, the scientists reported. To date, scientists have identified several hundred species of freshwater horsehair worms and five species of marine horsehair worms. Marine horsehair worms spend their entire lives in water, but freshwater species are only aquatic as adults.

Persons: —, australiensis, munidae, Tauana Cunha, Cunha, “, ”, “ It’s, Gonzalo Giribet, nematomorphs, Keiichi Kakui, Kakui, ” Kakui, Martin Sørensen, Ophiocordyceps, Bruno de Medeiros, California’s Organizations: CNN, Chicago’s Field, Harvard University, Hokkaido University, HBO, Field, Monument Locations: Germany, Japan, nematomorphs, California’s Muir

☆ France to cut government spending by 4.2 bln eur next year - minister
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

PARIS, July 17 (Reuters) - The French government expects to spend 4.2 billion euros ($4.71 billion) less in 2024 as it scales back massive consumer subsidies on fuel and electricity, according to first budget estimates sent to parliamentarians. "For the first time in almost a decade, spending will decrease when compared to the previous year: 4.2 billion euros down", Budget Minister Gabriel Attal told paper Les Echos on Sunday. "We are ending the exceptional crisis spending and are making savings, to finance the green transition," Attal said. Finance Minister Bruno Le Maire has asked each ministry to identify cutbacks worth 5% of their budget. A finance ministry source said on Sunday that France's debt reduction would be achieved through various means, including savings in employment and housing policies.

Persons: Gabriel Attal, Emmanuel Macron's, Attal, Fitch, Bruno Le Maire, Tassilo Hummel, Bertrand Boucey, Angus MacSwan Organizations: Finance, Thomson Locations: France

☆ Elizabeth Warren urges SEC to investigate Tesla over Twitter ties, corporate governance
▼ + stars: | 2023-07-17 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

Sen. Elizabeth Warren, D-Mass., sent a letter urging the U.S. Securities and Exchange Commission to investigate Tesla and its board of directors over possible "conflicts of interest, misappropriation of corporate assets, and other negative impacts to Tesla shareholders" related to CEO Elon Musk's Twitter takeover. The take-private deal included $13 billion in debt, and Musk reportedly sold billions of dollars worth of his Tesla shares to finance the transaction. In recent weeks, Musk appointed Linda Yaccarino, who previously ran global advertising for Comcast's NBCUniversal, to the role of Twitter CEO. Her hiring stirred hope that Twitter's beleaguered advertising business would soon recover and that Musk would return to focus on Tesla and SpaceX. Tesla is scheduled to report its second-quarter earnings after the bell on Wednesday of this week.

Persons: Elon Musk, Finances Bruno Le Maire, Sen, Elizabeth Warren, Tesla, Elon, Gary Gensler, Warren, Robyn Denholm, Musk, Linda Yaccarino, Comcast's, Yaccarino Organizations: French, Finances, Chateau, U.S . Securities, Exchange Commission, Twitter, SEC, CNBC, Public Affairs, Tesla, SpaceX Locations: Versailles, Paris

☆ Maguire stripped of Manchester United captaincy
▼ + stars: | 2023-07-16 | by ( ) www.reuters.com time to read: +1 min

July 16 (Reuters) - Manchester United defender Harry Maguire has been stripped of the team captaincy by manager Erik ten Hag, the 30-year-old said on Sunday. Maguire was named captain by former coach Ole Gunnar Solskjaer six months after his arrival at United in 2019, but made only 16 league appearances last season with midfielder Bruno Fernandes wearing the armband in his absence. "After discussions with the manager today he has informed me he is changing captain," the England international wrote on Twitter. "Since the day I took on the role, three and half years ago, it's been a huge privilege to lead Manchester United and one of the proudest moments of my career to date. Maguire made only eight Premier League starts last season and British media reports have linked him with a move away from the club.

Persons: Harry Maguire, Erik ten Hag, Maguire, Ole Gunnar Solskjaer, Bruno Fernandes, I'm, it's, Janina Nuno Rios, Toby Davis Organizations: Manchester United, United, England, Twitter, Premier League, Thomson Locations: Mexico

☆ Investing in Space: Why Blue Origin's engine explosion matters
▼ + stars: | 2023-07-13 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Let's get into that, especially in light of the recently unveiled explosion of a BE-4 rocket engine during Blue Origin's testing in Texas. The engine was bound for the second launch of its customer United Launch Alliance's Vulcan rocket. It's worth understanding the three main phases of rocket engine testing: Development, qualification and acceptance. I don't report on every rocket engine that blows up.

Persons: CNBC's Michael Sheetz, Let's, ULA, Tory Bruno, Bruno, Vulcan, ULA's, it's Organizations: Cert, U.S . Space Force, SpaceX, Space Force, Vulcan Locations: Texas, U.S

☆ Russia plans to build dozens of prison camps across Ukraine over the next few years, documents show, hinting Moscow's readying for a long war
▼ + stars: | 2023-07-13 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Russia has been imprisoning Ukrainian civilians since the early months of the invasion. A document shows that Moscow plans to build 25 more prison camps in Ukraine by 2026, per AP. War analysts previously noted how Russia is prepared for a protracted war. The plan is another reflection of what war analysts have described as Russia's vision for a prolonged war after Ukrainian resistance dashed Moscow's hope for a swift victory. The think tank also added that a prolonged war is a narrative that Russia would want to push to discourage the West's support for Ukraine.

Persons: Dara Massicot, German Intelligence Agency Bruno Kahl, Dmitry Medvedev, Medvedev, Mark Milley Organizations: Service, Russia, Associated Press, RAND Corporation, German Intelligence Agency, Russian Security Council, Ukraine, Kyiv, US, Chiefs, Staff Locations: Russia, Moscow, Ukraine, Wall, Silicon, Russian, Vietnam, Kyiv, Washington

☆ Airbus opens new assembly line for small jets in A380's shadow
▼ + stars: | 2023-07-10 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

Airbus says the new line will create 700 jobs by 2026, about half the full-time total when the world's largest jet was built there, while supporting a fabric of thousands of suppliers. It is the eighth assembly line for the A320 family, with previously announced expansion plans in the United States and China due to bring the worldwide total to 10. Its opening comes as competition between Airbus and arch-rival Boeing (BA.N) shifts towards production strategy, with both companies struggling to deliver on bulging order books. Environmental critics say burgeoning sales of the current generation of jets will make it harder to meet climate goals. Le Maire told Reuters aircraft like the A321 still offered significant savings in emissions compared to jets they replace.

Persons: Luc Lagardere, Bruno Le Maire, Emmanuel Macron, Le Maire, Tim Hepher, Richard Lough, David Evans Organizations: Airbus, French Finance, Boeing, Concorde, Reuters, Thomson Locations: TOULOUSE, France, Toulouse, United States, China

But as local economic development officials worked with Ford and other prospective investors, it became clear they needed a much bigger footprint. The rest has been earmarked by economic development officials for suppliers and other developments. In Marshall, residents petitioned to hold a referendum on the project, gathering over 800 signatures in a city of 6,800. She believes factory workers will move to Marshall to work for Ford. He notes that the factory he works at, in nearby Battle Creek, has struggled to find skilled workers.

Persons: Fred, Joan Chapman, Ben Klayman MARSHALL, Fred Chapman, ”, That’s, Chapman, Joe Biden, Gabby Bruno, Glenn Kowalske, “, Ford's Bruno, Ford, Bruno, CATL's, James Durian, Durian, Sue Damron, Marshall, he’s, Timothy Aeppel, Ben Klayman, Dan Burns, Nick Zieminski Organizations: Ford Motor Co, Ford Motor, Census, Ford, Amperex Technology Co, Amazon, Marshall, Economic Development Alliance, Thomson Locations: Marshall Township , Michigan, U.S, Mich, Marshall, Kalamazoo, New York City, China, Calhoun County, Battle, Mexico, New York, Marshall , Michigan

☆ Cuba seeks stronger EU-CELAC relations, condemns EU's 'manipulative behavior'
▼ + stars: | 2023-07-10 | by ( ) www.reuters.com time to read: +2 min

However, Rodriguez added the EU's "lack of transparency and manipulative behavior in preparing for the summit puts its success in serious risk." The diplomat said the EU had tried to impose restrictive, divisive ways of holding talks that made "direct, transparent talks impossible." "Those who try to impose a biased and Europeanist vision of the bi-regional relationship will have no chance of success in Brussels," Rodriguez said. Josep Borrell, the EU's top diplomat, visited Havana last May where he criticized Washington's over six-decade-old trade embargo against Cuba. "Cuba will go to the Brussels summit with a constructive spirit," Rodriguez added, saying the country would contribute as much as possible to strengthen EU-CELAC relations "on the basis of equality and mutual respect."

Persons: Bruno Rodriguez, Rodriguez, Josep Borrell, Washington's, Nelson Acosta, Sarah Morland, Marguerita Choy Organizations: Union, EU, of, Caribbean, Cuban Foreign, Havana, Cuba, Thomson Locations: HAVANA, Cuba, American, Caribbean, Caribbean States, Brussels, Haiti, Russian, Havana, EU

☆ France upbeat on attracting major Tesla investment, finance minister says
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: 1 min

PARIS, July 9 (Reuters) - French Finance Minister Bruno Le Maire on Sunday said he was "very hopeful" Tesla (TSLA.O) Chief Executive Elon Musk will pick France for a substantial investment linked to the production of electric vehicles in Europe. Musk recently met French government officials, including President Emmanuel Macron, as he explores options for future production sites. Asked whether an investment could be linked to battery cells or other parts of Tesla's business, Bruno Le Maire told LCI television "several options are on the table". "He (Musk) knows that he would be welcome in France", Le Maire said, adding: "It's up to him to take the decision." Reporting by Gilles Guillaume and Tassilo Hummel; Editing by Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Bruno Le Maire, Tesla, Elon Musk, Musk, Emmanuel Macron, LCI, Le Maire, Gilles Guillaume, Tassilo Hummel, Alison Williams Organizations: French Finance, Sunday, France, Thomson Locations: Europe, France

☆ French central bank head warns against raising ECB inflation target
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +2 min

AIX-EN-PROVENCE, France, July 9 (Reuters) - France's central bank head Francois Villeroy de Galhau pushed back on Sunday against a suggestion from some French economists to raise the European Central Bank's (ECB) 2% inflation target. The aim is to bring inflation down to the 2% target by 2025, Villeroy said at an economics conference in the southern French city of Aix-en-Province. Former IMF chief economist, Frenchman Olivier Blanchard, has long called for a higher inflation target than the 2% shared by most major central banks, arguing that the increased flexibility that would provide would outweigh the costs. In response, Villeroy said that a higher inflation target was a "false good idea" and would lead to higher rather than lower borrowing costs. "If we announced our inflation target is no longer 2% but 3%, lenders would immediately demand higher interest rates, at least 1% (more)" in anticipation of higher inflation and uncertainty Villeroy said.

Persons: Francois Villeroy de Galhau, Villeroy, Frenchman Olivier Blanchard, Patrick Artus, Bruno Le Maire, Andrew Bailey, Leigh Thomas, William Schomberg, Elaine Hardcastle, Alexander Smith Organizations: Bank's, Former IMF, Veteran, French Finance, Bank of England, Thomson Locations: PROVENCE, France, French, Aix, Province, London

Paris/London CNN —Just weeks after hugely disruptive protests and strikes over pension reforms in France finally died down, businesses in the country are grappling with the fallout from a week of rioting. The riots, which were sparked by the fatal shooting of a teenager by a police officer last Tuesday, have already caused more than €1 billion ($1.1 billion) worth of damage, according to a French business association, MEDEF. Protesters have looted 200 stores and destroyed 300 bank branches and 250 smaller corner shops, a MEDEF spokesperson told CNN. French President Emmanuel Macron said Tuesday that he believed the “peak” of the violence had passed, according to CNN affiliate BFMTV. Sebastien Salom-Gomis/AFP/Getty ImagesThe French government is also considering ways to help businesses most affected by the riots, BFMTV reported, citing Finance Minister Bruno Le Maire.

Persons: London CNN —, Merzouk, Emmanuel Macron, Macron, Sebastien Salom, BFMTV, Bruno Le Maire, Le Maire, DBRS Morningstar, MEDEF, Geoffroy Roux de Bezieux, — Niamh Kennedy Organizations: London CNN, MEDEF, CNN, ”, Getty, France Inter Locations: Paris, London, France, French, Nantes, AFP, Dublin

The interior ministry said 719 people were arrested on Saturday night, fewer than the 1,311 the previous night and 875 on Thursday night. Their action ... made for a quieter night," the ministry said on Twitter. The biggest flashpoint overnight was Marseille, where police fired teargas and fought street battles with youths around the city centre late into the night. MAYOR'S HOME ATTACKEDIn Paris, police increased security overnight at the city's famous Champs Elysees avenue after a call on social media to gather there. Paris police said six public buildings were damaged and five officers wounded overnight.

Persons: Nahel, Emmanuel Macron, Laurent Nunez, teargas, Juan Medina, MAYOR'S, Elisabeth Borne, Bruno Le Maire, Yann Wernert, Jacques Delors, Elizabeth Pineau, Benoit Van Overstraeten, Alison Williams, Alex Richardson Organizations: Authorities, Twitter, France, REUTERS, China's Consular, MAYOR'S HOME, Finance, Thomson Locations: Paris, North, PARIS, France, Moroccan, Nanterre, Germany, Marseille, China, L'Hay, Nice, Strasbourg, tobacconists, tatters, Berlin

☆ Palmeiras' Tabata gets four-month ban after alleged racist abuse
▼ + stars: | 2023-07-02 | by ( ) www.reuters.com time to read: +2 min

Tabata and other Palmeiras substitutes drew attention to racist abuse from Cerro Porteno fans during the match, which was played in May. "What actually happened was that I heard the fans shouting 'monos' (monkeys) at the players who were on the pitch, near the north stand. "When we understood, I asked them back and wanted to understand if that was it, if they were calling us monkeys. "I was denouncing the racism that was taking place by their fans, because they are the ones responsible, not us," he added. In a video posted on social media and published by local media outlet Globo Ge, a Porteno fan recorded himself calling Palmeiras players monkeys and shouting other insults.

Persons: Bruno Tabata, Tabata, Pablo Rojas, Basta, Angelica Medina, Ken Ferris Organizations: Palmeiras, CONMEBOL, Copa Libertadores, Paraguay's Cerro Porteno, Cerro Porteno, South, Paraguayan, Libertadores, Porteno, Reuters, Thomson Locations: South American, Mexico City

☆ The good news and the unknowns for bank stocks after the Fed's latest stress tests
▼ + stars: | 2023-06-30 | by ( Morgan Chittum | ) www.cnbc.com time to read: +6 min

Understandable because this year's stress tests came against a backdrop of uncertainty for the sector. The stress tests Starting in the aftermath of the 2007-2009 Great Financial Crisis, bank stress tests were designed as a tool to ensure that so-called too-big-to-fail institutions could endure a similar calamity. WFC MS YTD mountain Wells Fargo vs. Morgan Stanley YTD performance It's worth noting that Wells Fargo is in a unique situation compared to its rivals. He added that the "stress tests only really address a macro environment where rates decline during a crisis. A sign is posted in front of a Wells Fargo Bank on April 14, 2023 in San Bruno, California.

Persons: Morgan Stanley, Nicholas Colas, Wells Fargo, Doug Butler, Wells, Colas, Chris Kotowski, Oppenheimer, Banks, Kotowski, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Wells, Silicon Valley Bank, Bank, Research, CNBC, Fed, JPMorgan, Bank of America, Rockland Trust, Citi, Equity, WFC, Wall, Wells Fargo Bank Locations: U.S, Silicon, Wells, Rockland, Wells Fargo, San Bruno , California

The cost of certain goods is retreating in some places, but that doesn't include live music. Concert tickets have surged in price, to the point where economists are noticing. While ticket prices have increased, he said, mid-year figures haven't shown an appreciable rise since May 2022, when U.S. inflation was 8.6%. In India, fans are happy to pay a premium for quality entertainment, according to Owen Roncon, chief of business for Live Entertainment at BookMyShow. In Britain, about 150,000 music fans paid 340 pounds ($431)for a ticket to June's Glastonbury festival to see Elton John and hundreds of other acts.

Persons: Taylor Swift, Bruce Springsteen, haven't, Mario Ihieme, Paul Donovan, Harry Styles, Joel Barrios, Carolina Candelas, Andy Gensler, Pollstar, TD Cowen, Stephen Glagola, Elton John, Jason Cairnduff, Bruno Mars, Coldplay, Fairuz Zahari, Ed Sheeran, Owen Roncon, Eventbrite, Michael Rapino, Beth Cook, Dawn Chmielewski, Danielle Broadway, Sachin Ravikumar, David Milliken, Sharon Kimathi, Rozanna, Radhika Anilkumar, David Gaffen, Catherine Evans Organizations: LOS ANGELES, National Statistics, UBS Global Wealth Management, Stubhub, Ticketmaster, REUTERS, U.S . Labor Department, Backstreet, Live Entertainment, Backstreet Boys, Entertainment, Thomson Locations: Asia, U.S, GLASTONBURY, England, London, Seattle, Mexico City, Los Angeles, Europe, Barcelona, Glastonbury, Somerset, Britain, Malaysia, Australia, India, Leeds, Kuala Lumpur, Bangalore

The cost of certain goods is retreating in some places, but that doesn't include live music. Concert tickets have surged in price, to the point where economists are noticing. Event prices in UK inflation data are based on when shows take place, not when tickets are bought. While ticket prices have increased, he said, mid-year figures haven't shown an appreciable rise since May 2022, when U.S. inflation was 8.6%. The U.S. Labor Department does not specifically measure inflation for concert prices, but the inflation rate for live performing admission events is currently 2.6 percentage points more than U.S. headline inflation.

Persons: Taylor Swift, Bruce Springsteen, haven't, Mario Ihieme, Paul Donovan, Harry Styles, Joel Barrios, Carolina Candelas, Andy Gensler, Pollstar, TD Cowen, Stephen Glagola, Bruno Mars, Coldplay, Fairuz Zahari, Ed Sheeran, Owen Roncon, Eventbrite, Michael Rapino, Elton John, Beth Cook, Dawn Chmielewski, Danielle Broadway, Sachin Ravikumar, David Milliken, Sharon Kimathi, Rozanna, Radhika Anilkumar, David Gaffen, Catherine Evans Organizations: LOS ANGELES, National Statistics, UBS Global Wealth Management, Stubhub, Ticketmaster, U.S . Labor Department, Backstreet, Live Entertainment, Backstreet Boys, Entertainment, Thomson Locations: Asia, U.S, GLASTONBURY, England, London, Seattle, Mexico City, Los Angeles, Europe, Barcelona, Malaysia, Australia, India, Britain, Leeds, Glastonbury, Kuala Lumpur, Bangalore

☆ Manchester United raises annual forecast amid Champions League return
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

[1/4] Soccer Football - Carabao Cup - Final - Manchester United v Newcastle United - Wembley Stadium, London, Britain - February 26, 2023 Manchester United's Antony and Bruno Fernandes celebrate with the trophy after winning the Carabao Cup REUTERS/Hannah Mckay/File PhotoJune 27 (Reuters) - Manchester United (MANU.N) on Tuesday raised its forecasts for annual revenue and adjusted profit, betting on strong commercial and matchday income as the English football club returns to the UEFA Champions League. Manchester United, which is currently in talks to sell itself, said it was expecting revenue of between 630 million pounds ($801.6 million) and 640 million pounds, compared with its previous forecast of between 590 million pounds and 610 million pounds. There were no updates on the deal from Manchester United on Tuesday and its U.S.-listed shares fell 1.4% in premarket trading. Manchester United also raised its adjusted profit forecast to between 140 million pounds and 150 million pounds for the year, compared with its previous forecast of between 125 million pounds and 140 million pounds. For the third quarter ended March 31, net loss stood at 5.6 million pounds, compared with 27.7 million pounds in the same period last year.

Persons: Manchester United's Antony, Bruno Fernandes, Hannah Mckay, Glazer, Sheikh Jassim bin Hamad, Jim Ratcliffe, Thomas Zilliacus, Eva Mathews, Anil D'Silva Organizations: Soccer, Manchester United, Newcastle United, Wembley, Carabao, REUTERS, English, UEFA Champions League . Manchester United, Reuters, Thomson Locations: London, Britain, Manchester, U.S, Sheikh, Thani, Qatar, British, Qatari, Bengaluru

[1/2] A sign reading "Low prices for you" is seen on a shopping trolley in a supermarket in Nice, France, March 1, 2023. REUTERS/Eric Gaillard/File PhotoLONDON/PARIS, June 23 (Reuters) - Danone (DANO.PA) and Kellogg (K.N) are among 75 consumer goods companies that French authorities have asked to cut prices, according to a list seen by Reuters that sources say the government is using for the initiative. The French government is using the list seen by Reuters, produced by a research group, as a reference for the project, according to three sources with knowledge of the matter. Some consumer goods makers have said recently that costs are starting to ease, leading lawmakers and regulators to accuse companies of keeping prices high unnecessarily. Investors have in recent months warned that consumer goods companies should start easing price increases as supply chain costs decline, worried that further hikes could hit market share and margin growth.

Persons: Eric Gaillard, Bruno Le Maire, Knorr, Avril, Pernod Ricard, Kellogg, Richa Naidu, Matt Scuffham, Jan Harvey Organizations: REUTERS, Danone, Kellogg, Finance, Reuters, Unilever, Nestle, ABI, Thomson Locations: Nice, France, PARIS, Ukraine

☆ Landing a job at Google felt like winning the lottery. Then I got laid off — and it made me realize my self-worth needs to go beyond my career.
▼ + stars: | 2023-06-21 | by ( Robin Madell | ) www.businessinsider.com time to read: +6 min

Sylvia Duran Chen was shocked to be laid off from her YouTube job at Google after almost nine years. The job perks and mission mattered to her, and she'd felt proud to have been chosen by Google. This as-told-to essay is based on a conversation with Sylvia Duren Chen, a 39-year-old former Google/ YouTube employee from San Diego, California. Although I had a successful career before Google, with stints at Nike and McKinsey & Company, landing at Google felt like winning the lottery. I talked about being laid off by Google and the raw insecurities it laid bare.

Persons: Sylvia Duran Chen, she'd, Sylvia Duren Chen, It's, I'd, that'll, I'm, Susan Wojcicki Organizations: Google, Morning, YouTube, Cornell University, Columbia Law School, Nike, McKinsey & Company, YouTube Mexico Locations: San Diego , California, San Bruno , California, Mexico, There's

☆ Goldman Sachs says this Brazilian oil giant that's already up more than 30% can rally even further
▼ + stars: | 2023-06-21 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

An attractive valuation and diminished risks make Petrobras a buy despite its recent rally, according to Goldman Sachs. Analyst Bruno Amorim upgraded the Brazilian petroleum company to buy . His price target of $18.10 implies an upside of 27.2% over Tuesday's close, meaning the stock's rally could still have momentum. While the new pricing policy for fuel is considered convoluted, Amorim said the company should still follow international price trends. Amorim said the new policy can also potentially limit the risk of heavy subsidies on the fuel industry weighing on profitability.

Persons: Goldman Sachs, Bruno Amorim, Amorim, it's, — CNBC's Michael Bloom Organizations: Petrobras Locations: Braskem

☆ The world’s 50 best restaurants revealed
▼ + stars: | 2023-06-20 | by ( Marnie Hunter | ) edition.cnn.com time to read: +5 min

Peru’s capital city – and undoubtedly its gastronomic capital – had a tremendous showing Tuesday at The World’s 50 Best Restaurants awards, taking the No. Four Lima restaurants made the 50 Best list: Central at No. Central is the first South American restaurant to earn the “World’s Best” title. This year’s top 50 includes restaurants from 24 territories on five continents, with 12 restaurants entering the list for the first time. Ken Motohasi/CentralThe world’s 50 best restaurants 20231.

Persons: –, Maido, Kjolle, Virgilio Martinez, Pía, Santiago Calatrava, Asador, Le Du, Gaggan Anand, Atomix, Le Bernardin, Éric Ripert, they’re, Osteria Francescana, Ken Motohasi, Bruno Verjus, São, Julien Royer, Le, Don Julio, Quique, Schloss, Hiša Franko, El, Jane, Tim Raue, Le Calandre, Leo, Bogotá, Orfali Organizations: City of Arts and Sciences, Diverxo, Longtime, Peru's, Trèsind, Orfali Bros, Mexico City Locations: –, Lima, Central, American, Spanish, Valencia, Spain, Barcelona, Madrid, Atxondo, Basque, Italy, France, Europe, England, London, Asia, Bangkok, United States, New York, North America, Noma, Copenhagen, Modena, Mirazur, Menton, Peru, South America, Disfrutar, Denmark, New York City, Quintonil, Mexico City, Mexico, Paris, Dubai, UAE, East, Africa, São Paulo, Brazil, Odette, Singapore, Le Du, Thailand, Sangro, Steirereck, Vienna, Austria, Buenos Aires, Argentina, Tokyo, Japan, Belcanto, Lisbon, Portugal, Switzerland, Santiago, Chile, Frantzén, Stockholm, Sweden, San Sebastian, Kobarid, Slovenia, Bogotá, Colombia, Ikoyi, Antwerp, Belgium, Berlin, Germany, Piazza, Alba, United Arab Emirates, Montreuil, Rosetta, Hong Kong

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