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☆ Elon Musk laid him off. Now he’s aiming to build a social network that’s better than X
▼ + stars: | 2023-11-07 | by ( Clare Duffy | ) edition.cnn.com time to read: +17 min

They wanted it to be everything most social media struggles to be: positive, safe and inclusive. And as the user base of the platform now known as X splinters, so does Black Twitter, the community of Black users that was a big part of Twitter’s growth and culture. Legacy social media platforms have repeatedly failed to anticipate how their products might be manipulated or misused until something goes wrong. Alphonzo Terrell, co-founder of the social media app Spill, demonstrates how the platform works during an interview with CNN. CNNEven with AI content moderation models, other social media companies often fail to catch harmful content that makes it onto their platforms.

Persons: Alphonzo Terrell, he’d, Terrell – who’d, –, Elon Musk, Terrell, DeVaris Brown, “, ‘, ’ ” Terrell, who’s, Brown, Musk, ”, Maya Umemoto Gorman, …, ” Terrell, Brown —, Kenya Parham, weren’t, Elon, Maya Iman ‘, they’ve, “ That’s, Alphonzo Terrell “, Paul Barrett, they’d, it’s, — don’t, Jalaiah Harmon, Taylor Lorenz, Latoya Lee, ” Lee Organizations: New, New York CNN, Twitter, Elon, CNN, Spill, Washington Post, HBO, Showtime, YouTube, Intel, Cisco, Microsoft, NYU Stern Center for Business, Human, Apple, Kapor Center, Social, Mac Venture, Netflix, Disney, Amazon Prime, VH1, Pew Research Center, New York Times, California State University Fullerton Locations: New York, Los Angeles, Kenya, Spill, Georgia

☆ Great Sphinx could have been initially formed by nature, study says
▼ + stars: | 2023-11-06 | by ( Taylor Nicioli | ) edition.cnn.com time to read: +4 min

Now, a new study offers evidence to suggest that theory might be plausible, according to a news release from New York University. … Our experiments could add to the understanding of how these yardangs form,” he said. More on the mysterious Great Sphinx originsWhile the Great Sphinx of Giza has its mysteries — what it originally looked like and why it was made — it is believed that the 66-foot-tall (20-meter-tall) statue was carved out of a single piece of limestone. “There is too much evidence of human intervention in the construction of the Great Sphinx to make the yardang theory feasible,” Ikram said. The New York University researchers said their results suggest that Sphinx-like structures can form under fairly commonplace conditions, but their findings don’t resolve the mysteries behind yardangs and the Great Sphinx.

Persons: CNN —, Farouk El, Baz —, ”, Leif Ristroph, Ristroph, Baz, Ronald Greeley, Salima Ikram, Ikram, “ It’s, ” Ristroph Organizations: CNN, New York University, Laboratory, New York University’s Courant, Mathematical Sciences, “, Lions, Smithsonian, El, Mathematics Laboratory, Mathematics, American University, The New York University Locations: New York, El, Cairo

☆ Scientists solved the mystery of African elephant die-offs. The threat may not be over
▼ + stars: | 2023-11-06 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

Thirty-five African elephants in northwestern Zimbabwe dropped dead under baffling circumstances between late August and November 2020. And the extreme conditions that scientists project will occur with more frequency as Earth warms could mean more elephant deaths in the future. Foggin said there was no proven connection between the Zimbabwe and Botswana elephant deaths. An embattled species under threatThe African elephant is a flagship species that faces significant pressure from poaching and habitat loss. Additionally, exporting wildlife samples for analysis involves obtaining multiple permits from different entities — a process which can take months,” the study said.

Persons: —, “, ”, Chris Foggin, ” Foggin, cyanobacterial, Foggin, Pasteurella Organizations: CNN, Victoria Falls Wildlife Trust, Nature Communications, International Union for Conservation of Locations: Zimbabwe, Victoria Falls, Botswana, Kazakhstan

Nov 4 (Reuters) - The Gay Games Hong Kong (GGHK) kicked off on Saturday, its first time in Asia, despite opposition from anti-LGBTQ lawmakers and human rights activists. The opening ceremony began with a march-in by the GGHK, Federation of Gay Games, and delegations from around the world, followed by performances including the Hong Kong lion dance. "The holding of the Gay Games in Hong Kong is strong testimony to the diversity, inclusion, and unity of our city," Ip said in her welcoming speech. Five Hong Kong human rights activists also called for the Games to be cancelled in June, saying organisers "have aligned themselves with pro-authoritarian figures responsible for widespread persecution against the people of Hong Kong". Taiwan is not sending athletes to Hong Kong but to Guadalajara, citing security concerns over the NSL.

Persons: Lisa Lam, Lam, GGHK, Regina Ip, Ip, Junius Ho, John Lee, ”, Gerrit Schulz, Jessie Pang, Dorothy Kam, Giles Elgood Organizations: Gay Games, Gay Games Hong Kong, of Gay Games, National Security Law, Beijing, NSL, Games, Thomson Locations: Gay Games Hong, Asia, Hong Kong, Mexican, Guadalajara, Beijing, Taiwan, China, Berlin

☆ These 4 stocks report quarterly results next week. Here's what we hope to see
▼ + stars: | 2023-11-04 | by ( Zev Fima | ) www.cnbc.com time to read: +11 min

The major averages rebounded strongly this week as quarterly earnings came in largely better than expected and interest rates fell on softer economic data. The Dow Jones Industrial Average rose more than 5% for its best week since October 2022. The big theme next week is earnings and the four portfolio companies delivering their quarterly results. Here's the full rundown of all the important domestic data in the week ahead as we consider a number areas of our portfolio for trades next week. ET: Treasury budget statement for October (See here for a full list of the stocks in Jim Cramer's Charitable Trust.)

Persons: FactSet, we'll, Hulu —, Krystal, Horton, Zimmer, LEV, Armour, Ralph Lauren Corporation, CRON, Patterson, Walt Disney, MARA, Ginkgo, FREYR Battery, FREY, Arcelor Mittal, Wynn, Jim Cramer's, Jim Cramer, Jim Organizations: Dow Jones, Nasdaq, ISM, Services, Coterra Energy, Emerson Electric, Wall, National Instruments, Disney, Hulu, CNBC, Comcast, ESPN —, Wynn Resorts, WYNN, Asia that's, Wynn, Wynn's, Wynn Interactive, United, Brookfield Asset Management, Axsome Therapeutics, Network Corporation, Krystal Biotech, Ceragon Networks, Kosmos Energy Ltd, TreeHouse Foods Inc, Air Lease Corporation, Inc, Eversource Energy, Fennec Pharmaceuticals Inc, Graham Corporation, Aereas Inteligentes, Hilton, Energy, Realty Income Corp, Semiconductors, Vertex Pharmaceuticals Inc, Clover Health, Contura Energy, Diamondback Energy, FS KKR Capital Corp, Celanese Corp, Eos Energy Enterprises, Goodyear Tire & Rubber Company, WEN, Pall Corp, TransMedics, Emerson, Uber Technologies, Holdings, Melco Resorts, Entertainment, Zimmer Biomet Holdings, ACM Research, Lion Electric Company, Emerson Electric Co, Vertex Energy, Waters Corp, Air Products & Chemicals, Esperion Therapeutics, Fidelity National Information Services Inc, Bowlero Corp, Hotels, KKR, Co, Devon Energy Corp, Occidental Petroleum Corp, Dutch Bros Inc, Gilead Sciences, ContextLogic Inc, Akamai Technologies, Viatris Inc, Technologies, Corsair, Enovix Corporation, eBay, EBAY, DaVita Inc, Pan American Silver Corp, Roblox Corporation, Fisker Inc, Warner Bros ., Nuvei Corporation, Farms, Akebia Therapeutics, Biogen Inc, 3D Systems Corporation, Gray Television Inc, BlackSky Technology Inc, Cronos, EVgo Inc, Lumentum Holdings Inc, Nexstar Media Group, UTI Energy, Starwood Property Trust, AMC Entertainment Holdings, Marathon Digital Holdings, IonQ Inc, Digital Turbine, Virgin Galactic Holdings , Inc, Arm Holdings plc, ARM, Ginkgo Bioworks Holdings, Suncor Energy, AppLovin Corporation, B2Gold Corp, Luminar Technologies, MGM Resorts International, MGM, Bloom Energy Corporation, Li Auto Inc, Oatly, Kopin Corp, Fiverr International, YETI Holdings, YPF S.A, Ship Lease, Himax Technologies Inc, Dickinson, CommScope Holding, RBC, Agile Therapeutics, Apyx Medical Corporation, Grab Holdings, Hawaiian Electric Industries, Profire Energy, Flags Inc, Stereotaxis Inc, TransDigm, US Foods Holding Corp, Utz Brands, Valvoline Inc, Weibo Corporation, Wix.com Ltd, Trade, Petroleo Brasileiro SA Petrobras, Growth, Aurora Cannabis Inc, Navitas Semiconductor Corp, Archer Aviation Inc, Semiconductor, Energy Fuels Corp, Illumina Inc, Spike Investment Corp, Algonquin Power & Utilities Corp, AngloGold, Central Puerto S.A, Hudson Global, AirSculpt Technologies, Partners, Soho House, Jim Cramer's Charitable, Handout, Getty Locations: U.S, Macao, Asia, China, Las, Singapore, Wynn's Vegas, Boston, United Arab Emirates, Gilead, VVV, Central, Soho

☆ When His Marriage Ended, the Work on a Damp, Decaying Property Began
▼ + stars: | 2023-11-02 | by ( Ruth Bloomfield | Photographs Vanessa Berberian For The Wall Street Journal | ) www.wsj.com time to read: 1 min

During its more than 500-year history, the White Lion Hotel has played many roles; as a coaching inn, a venue for upmarket balls and parties, a provincial theater, and now as a house. The driving force behind its latest incarnation as a family home is John Hensley, who bought the building 17 years ago, for about $291,000. The building stands in the small market town of Eye, which is in the county of Suffolk, about 100 miles east of central London.

Persons: John Hensley Organizations: Lion Locations: Eye, Suffolk, London

☆ Israeli settler attacks fuel the fire as Gaza war rages
▼ + stars: | 2023-11-02 | by ( John Davison | ) www.reuters.com time to read: +9 min

Ben-Gvir's office did not respond to a request for comment about whether guns had already been distributed in the West Bank. At least eight of those were since Oct 7. alone, worrying ordinary Palestinians, Israeli security experts and Western officials. Washington has condemned settler attacks on Palestinians in the West Bank while the European Union on Tuesday denounced "settler terrorism" that risked a "dangerous escalation of the conflict." Hamas cited Israeli actions in the West Bank, core to a would-be Palestinian state, in waging its killing spree. 'GREAT DANGER'Settler-related violence is becoming harder to stem with the ongoing Gaza war and the augmented power of far-right politicians, Israeli security experts say.

Persons: Ammar Awad, Father, QUSRA, Mourning, Mohammed Wadi, Israel hurtled, Wadi's, Shira Liebman, Itamar Ben, Mohammed's, Ahmed, Ibrahim, Abdullah Abu Rahma, Liebman, We've, Lior Akerman, Benjamin Netanyahu, Ben, Ariel Danino, Akerman, Den, Wadi, I'm, Emily Rose, Ali Sawafta, Frank Jack Daniel Our Organizations: West Bank, REUTERS, Reuters, Yesha, National, Twitter, Humanitarian Affairs Office, OCHA, European Union, Wall Resistance Commission, Hamas, United Nations, Palestinian, Thomson Locations: Nablus, West, Bank, Gaza, Qusra, Yesha Council, Lebanon, Washington, Israel's, Israel, Lebanese, Wadi, Abdullah, Jerusalem, Ramallah

☆ The Extreme 19th: is this the most terrifying shot in sport?
▼ + stars: | 2023-11-02 | by ( Jack Bantock | ) edition.cnn.com time to read: +8 min

Golf is nothing like an extreme sport – but it absolutely is in one corner of South Africa. Courtesy Legend Hospitality GroupInto the lion’s denThe seed for The Extreme 19th was planted in November 2000, when Cilliers’ wife Mart surprised him with a family picnic at the summit of Hanglip Mountain for his 41st birthday. Courtesy Legend Hospitality GroupStaff donned crash helmets as balls rained down from above in an attempt to plot the best landing zone. Two icons of British sport have played The Extreme 19th: seven-time Formula One world champion Lewis Hamilton and five-time Olympic rowing gold medalist Steve Redgrave, as well as South African Springbok rugby heroes Frik Du Preez, Naas Botha and Morne Steyn. Courtesy Legend Hospitality GroupCilliers occupies neither.

Persons: Africa’s, they’ve, ”, Peet Cilliers, “, Cilliers, Mart, –, Gary Player, teed, ” Cilliers, “ We’ve, Franklyn Stephenson, Sergio Garcia, Bernhard Langer, Justin Rose, Padraig Harrington, Lewis Hamilton, Steve Redgrave, Frik Du Preez, Morne, Morgan Freeman, Nelson Mandela, Matt Damon, Clint Eastwood, ” Freeman scrawled, you’ve, you’re Organizations: CNN, Safari Conservancy, Legend, Rand, Lions, Staff, Golfers, West Indies, –, African Springbok, Naas Botha, Globe, Cilliers Locations: South Africa, Limpopo, Zimbabwe, “, China, Europe, Naas, Morne Steyn, Lake Entabeni, Johannesburg, it’s

☆ A 'festering' powder keg in Europe is lurking in the shadow of the Israel-Hamas war
▼ + stars: | 2023-10-31 | by ( Sam Meredith | ) www.cnbc.com time to read: +5 min

"Consequently, the Serbia-Kosovo discord, while festering, finds itself languishing in the shadow of these more immediate and globally resonant challenges." It highlights a major challenge for policymakers: providing ongoing conflicts with near-constant attention, while still monitoring other strategically significant risks. "The fact remains that the Balkan region is a powder keg, where even minor incidents can swiftly spiral into broader conflicts. History has underscored the adage that what happens in the Balkans, doesn't stay in the Balkans," the CEPA's Hartwell said. "The U.S., EU and U.K. do not have the diplomatic and military bandwidth to respond to several conflicts of strategic interest.

Persons: Stringer, Leon Hartwell, Hartwell, Banjska, doesn't, Majda Ruge Organizations: NATO, Kosovo Force, KFOR, Afp, Getty, Center for, CNBC, European Union, Anadolu Agency, European Council, Foreign Relations Locations: Mitrovica, Israel, Russia, Ukraine, Balkans, Europe, Serbia, Kosovo, Palestine, Albania, Bosnia, Herzegovina, Montenegro, North Macedonia, Southern, Eastern Europe, Moscow, Brussels, Washington, Serbs, Kosovan, U.S, EU, Pristina, destabilising Kosovo, Yugoslavia

The National Financial Work Conference, usually held twice a decade, is expected to further fortify leader Xi Jinping’s control of the country’s $61 trillion financial sector. “Overall, the financial sector in China has made progress but at this moment they face challenges,” said Nakao. Last week, Xi reportedly visited the central bank, or People’s Bank of China, a rare step that underscores the party’s consolidation of controls over markets and financial institutions. Country Garden, another major developer, failed last week to meet a deadline to pay interest on a dollar bond. It has adopted measures to support private industries, which provide the lion's share of jobs in China.

Persons: —, Xi Jinping’s, Takehiko Nakao, China’s, ”, Li Keqiang, Li, shakeup, Xi, Lan Fo’an, Evergrande, Hui Ka Yan, Zen Soo Organizations: Financial Work Conference, Asian Development Bank, Central Financial Commission, China Securities Regulatory Commission, People’s Bank of, International Monetary Fund, AP Locations: BANGKOK, Beijing, China's Guangzhou, “, China, People’s Bank of China, Hong Kong, Foshan

REUTERS/Claro Cortes/File Photo Acquire Licensing RightsLONDON, Oct 30 (Reuters) - China's imports of tin concentrates collapsed in September, reflecting the suspension of mining activity in the semi-autonomous Wa state in neighbouring Myanmar. China's imports of tin concentrates from Myanmar and other sourcesIMPORT SLUMPChina imported 7,300 metric tons of tin concentrates in September, which was the lowest monthly count since February 2019. Imports from Myanmar slumped to just 1,421 metric tons after a mini surge over July and August ahead of the mining ban. The Myanmar ban has to date had little impact on either China's production of refined tin or the tin price. The boom in tin usage for home electronics during lockdown in 2020-2021 has given way to a prolonged downturn.

Persons: Claro, that's, Jan Harvey Organizations: REUTERS, United Wa State Army, Democratic, London Metal Exchange, International Tin Association, Reuters, Thomson Locations: Shanghai, Claro Cortes, Wa, Myanmar, China, Tanintharyi, Democratic Republic of Congo, Bolivia, Brazil, Russia

☆ Is your hotel sustainable? Not if these two things are in your room, says Soneva’s founder
▼ + stars: | 2023-10-30 | by ( Monica Pitrelli | Harriet Akinyi | ) www.cnbc.com time to read: +5 min

A quick-and-easy test is to look for two items, said Sonu Shivdasani, founder of Soneva and Six Senses hotel brands. First, sustainable hotels should not have branded water of any sort, he told CNBC Travel. "Governments can create the context, but businesses need to make the change," Shivdasani told CNBC Travel. Source: SonevaShivdasani said he decided to institute a guest environmental levy after the company measured its "scope 3" emissions. Shivdasani said that after Soneva determined that 85% of its carbon emissions were "scope 3" emissions, the company introduced the 2% carbon levy.

Persons: Sonu Shivdasani, Soneva, Shivdasani, that's, It's, it's, Eva, Soneva Shivdasani, Kelvin Law Organizations: CNBC Travel, Nanyang Technological University, CNA, Soneva, World Health Organization Locations: Maldives, Thailand, British, India, Myanmar, Darfur, Sudan

☆ Venture Firms Push for FDA Approval of Psychedelic Drugs for Veterans
▼ + stars: | 2023-10-29 | by ( Isaac Taylor | ) www.wsj.com time to read: 1 min

Psychedelic-assisted therapy involves a therapist walking patients through their experiences while under the influence. Photo: MY Self WellnessAlexander Leoni’s experience in the Marine Corps left him in an unstable mental state, a condition other combat veterans can relate to. Twice he had to fight for his life with his bare hands, once fending off an attacking lion and later killing a man during an enemy ambush of his patrol.

Persons: Alexander Leoni’s Organizations: Marine Corps

☆ Virgin Atlantic suspends its route from London to Austin because it says the city's tech boom is over
▼ + stars: | 2023-10-28 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Virgin Atlantic said on Friday that it would end its route between Austin and London in January. When Virgin Atlantic launched its nonstop London route, it offered four flights from Austin each week. AdvertisementAdvertisementAustin airport officials, in a statement, thanked Virgin Atlantic and indicated that they hoped to see the airline return in the future. "AUS is grateful to the incredible Virgin Atlantic team for launching this ambitious route," the statement read. Virgin Atlantic may be axing its London route from Austin, but British Airways remains, connecting the two cities with nonstop flights.

Persons: —, Virgin Atlantic, Juha Järvinen Organizations: Virgin, Service, Virgin Atlantic, Heathrow Airport, Austin, Bergstrom International Airport, Washington Post, British Airways Locations: Austin, London, Texas, United States, Miami

☆ Google reportedly paid Apple a whopping $18 billion in one year to keep its search engine the default on iPhones
▼ + stars: | 2023-10-27 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Google paid Apple $18 billion in 2021 to remain the default search engine on iPhone, NYT reports. And we now know just how much Google has been paying Apple and other device makers to ensure its search engine remains the default on many devices, including the iPhone. In 2021, Google paid Apple about $18 billion to stay as Apple's top search engine, according to The New York Times, which cites two sources familiar with the deal. Back in 2014, Google paid Apple $1 billion to stay on iOS devices, court documents revealed in a separate case involving Oracle. Still, Kent Walker, general counsel of Google's parent company Alphabet, said in a response letter that people use the Google search engine because it is superior to its competition, not because they are pushed to use it.

Persons: it's, —, Apple —, Bernstein, Kent Walker, Walker, Eddy Cue Organizations: Apple, Google, US Justice Department, Service, Justice Department, The New York Times, Bloomberg, Oracle, of Justice, DOJ

☆ Women Who Work in Utah's Silicon Slopes Share Its Dark Side
▼ + stars: | 2023-10-26 | by ( Rosalie Chan | ) www.businessinsider.com time to read: +17 min

During an interview for an engineering job at a Utah tech company, Trina Limpert was told she was a "risky hire." Insider spoke to 22 women who previously or currently work at Utah tech companies told Insider. Silicon Slopes, named for Utah's world-class ski slopes, is headquarters for tech companies like Ancestry, Domo, Entrata, Pluralsight, Qualtrics, and hosts outposts for others like Adobe and a Meta data-center. Many women — both Mormon and not — described their Utah tech companies as a Mormon boys' clubs. Ancestry, one of Utah's most established tech companies, hired former Facebook executive Deborah Liu as CEO in 2021.

Persons: Trina Limpert, Limpert, she's, she'd, Claudia Geist, It's, of Jesus Christ, Robyn Cohen, Michelle Kuo, Kuo, They're, —, Robbyn Scribner, Mike Pence, they're, Scribner, Susan Madsen, there's, harasser, I've, John Richards, Richards, " Richards, Emily Perkins, that's, Deborah Liu, Liu, Heather Friedland, Ashlee Davis, who've, we're, " Madsen Organizations: Computing Technology Industry Association, Tech, University of Utah, Google, Microsoft, Meta, Adobe, Brigham Young University, of Jesus, US Chamber of Commerce, American Community Survey, Salt Lake City Tribune, Utah State University, Ignition Ventures, NASDAQ Locations: Utah, Silicon Slopes, Silicon Valley, California, Washington, New York , Utah, Utah's, New York, JumpSearch, Silicon, Southern California, Salt Lake, There's, Seattle, Glassdoor, @rosaliechan

☆ France's Atos posts lower Q3 revenue dragged by Tech Foundations unit
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

The logo of Atos is seen on a company building in Nantes, France, March 11, 2022. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsOct 26 (Reuters) - French IT company Atos (ATOS.PA) on Thursday reported lower third-quarter revenue as good performance at its Eviden division was offset by the loss-making Tech Foundations unit. Atos is in talks to sell its legacy IT division, dubbed Tech Foundations, to Czech billionaire Daniel Kretinsky, which would end its initial turnaround plan to split the group into two listed entities. Atos posted quarterly revenue of 2.59 billion euros ($2.73 billion) for the whole group, down 3% organically and 5.3% on a constant currency basis from 2.82 billion euros last year. It still expects cash burn for the year to be about 1 billion euros.

Persons: Stephane Mahe, Daniel Kretinsky, Yves Bernaert, Atos, Michal Aleksandrowicz, Milla Nissi Organizations: REUTERS, IT, Tech, supercomputing, Thomson Locations: Nantes, France, French, Czech, Eviden, Gdansk

☆ FaZe Clan's plummeting valuation shows how risky it can be to bet your company's future on influencers
▼ + stars: | 2023-10-26 | by ( Dan Whateley | Geoff Weiss | ) www.businessinsider.com time to read: +5 min

While esports as a category has broadly struggled with monetization , FaZe's difficulties stemmed more from its reliance on just a few influencers for revenue. The company makes money through revenue splits with its talent, brand partnerships, and esports winnings. For FaZe, that revenue is often concentrated on the backs of a few big stars. "This was too nascent of a business model to be publicly traded with too much 'key person risk' around influencers," Chapman said of FaZe. GameSquare has subsidiaries like merchandise brand Mission Supply Co., influencer-marketing platform Sidekiq, and streaming data analytics firm Stream Hatchet, all of which could potentially be applied to the FaZe brand.

Persons: Influencers, Clan, monetization, Michael Metzger, Josh Chapman, FaZe, Chapman, Justin Kenna, Kenna, we're Organizations: Drake, Konvoy Ventures, Clubhouse Media, YouTube Locations: influencers, GameSquare

☆ T-Mobile lifts free cash flow forecast as profit, subscriber additions beat estimates
▼ + stars: | 2023-10-25 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

T-Mobile now expects adjusted free cash flow for the year to be between $13.4 billion and $13.6 billion, compared with its prior forecast of $13.2 billion to $13.6 billion. T-Mobile added 850,000 postpaid phone customers in the third quarter, the highest among peers, beating FactSet estimates of 773,400 additions. It raised its full-year forecast for wireless subscriber net additions to between 5.7 million and 5.9 million, up from its earlier forecast of 5.6 million to 5.9 million. The telecom industry has been seeing a gradual moderation in postpaid phone net additions after hitting record levels in 2021 and 2022. Industry-wide postpaid phone net additions are expected to moderate in 2023 to 8.5 million from a near-record 9.3 million in 2022, according to analysts at Goldman Sachs.

Persons: Leonhard Foeger, Jamie Lumley, Goldman Sachs, Samrhitha, Vinay Dwivedi Organizations: Mobile, REUTERS, Verizon, Rivals Verizon, Thomson Locations: Mobile Austria, Vienna, Austria, Bengaluru

About five teams around Europe including Ineos Grenadiers are involved in the early-stage talks and more could join, the people said. Tour de France champion Jonas Vingegaard’s Jumbo-Visma team is also involved in the talks, one of them said. Amaury Sports Organisation (ASO) controls the Tour de France and La Vuelta while the Giro d'Italia is controlled by RCS Sports. This is not the first time cycling teams have explored a new cycling league project. Eight teams founded a league project called World Series Cycling (WSC) at the end of 2012 but the plans failed to materialise.

Persons: Jonas Vingegaard’s Jumbo, Spokespeople, EY, Amy, Jo Crowley, Anousha Sakoui, Julien Pretot, Andres Gonzalez, Elisa Martinuzzi, Hugh Lawson Organizations: Reuters, Ineos Grenadiers, de France, Partners, Formula, Tour de France, La Vuelta, Amaury Sports Organisation, La, RCS Sports, Thomson Locations: Europe

☆ Second half show earns Shandong win in Asian Champions League
▼ + stars: | 2023-10-25 | by ( Michael Church | ) www.reuters.com time to read: +2 min

HONG KONG, Oct 25 (Reuters) - Shandong Taishan moved to the top of Group G of the Asian Champions League on Wednesday as Brazilian striker Cryzan and former Manchester United midfielder Marouane Fellaini scored in the second half to secure a 2-0 win over hosts Incheon United. Only the winners of each of the 10 groups in the Asian Champions League are certain to progress to the last 16, where they will be joined by the three runners-up from the eastern and western halves of the continent with the best records. Thailand's Bangkok United maintained their perfect start in Group F by coming from behind to beat Kitchee 2-1 in Hong Kong. Austria international Jakob Jantscher, a summer signing for the Hong Kong champions, gave Kitchee a seventh-minute lead but Rungrath Phumichantuk levelled four minutes into first half stoppage time. In Group H, first half goals from Alessandro Lopane and Jamie Maclaren saw Melbourne City secure a 2-0 win over Buriram United in Thailand to move onto seven points from three games.

Persons: Cryzan, Marouane Fellaini, Fellaini, Kota, Kenyu Sugimoto, Anderson Lopes, Kevin Muscat's, Jakob Jantscher, Kitchee, Rungrath Phumichantuk, Willen Mota, Fernando, Thais, Bassel, Dan Petrescu's, Alessandro Lopane, Jamie Maclaren, Japan's Ventforet Kofu, Lucas Possignolo, Nyasha Mushekwi, Michael Church, Christian Radnedge Organizations: Asian Champions League, Manchester United, Incheon United, Chinese Super League, South, Incheon, Yokohama F Marinos, Kaya FC, Kota Mizunuma, Bangkok United, Kitchee, Hong, Jeonbuk Motors, Lion City, Melbourne City, Buriram United, Australians, Thomson Locations: HONG KONG, Shandong Taishan, Shandong, Iloilo, Philippines, Bangkok, Hong Kong, Austria, Thailand

☆ Time is ripe for another push on carbon pricing
▼ + stars: | 2023-10-24 | by ( Hugo Dixon | ) www.reuters.com time to read: +8 min

Other technologies, such as green hydrogen and carbon capture, are still a long way from maturity. Around 50 countries have some form of carbon price, double the number 10 years ago, and another 23 countries are planning to introduce one. The snag is that China’s carbon price is low and the United States doesn’t have a federal levy. Others argue that governments should combine carbon pricing with financial support for the most vulnerable and targeted subsidies for fledgling technologies. To hit climate targets, the carbon price would need to be $135 a tonne in advanced economies and $45 a tonne in large emerging ones by 2030.

Persons: Jin Mao, Aly, Joe Biden’s, There’s, Rishi Sunak, Michael Jacobs, it’s, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Financial, REUTERS, Reuters, International Energy Agency, European Union, Global, International Monetary Fund, Reuters Graphics Reuters, British, Pew Research, University of Sheffield, IMF, Africa Climate, United, European, Climate Leadership Council, Thomson Locations: Shanghai, Pudong, China, United States, Paris, Africa, European Union, U.S

☆ UniCredit 'rebalancing' Amundi relationship in fee income drive
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

It's rebalancing a little bit, and will rebalance going forward," UniCredit CEO Andrea Orcel told analysts when presenting the bank's third quarter results. Sources told Reuters in May that UniCredit had been trimming the proportion of Amundi funds in its total AUM, paying penalties for failing to meet contractual minimums. Orcel said UniCredit will maintain its current "open architecture" approach to asset management, which involves partnering with all major players, including Amundi, to offer "best in class" products. Since taking over at UniCredit in 2021, the former investment banker, has been working to boost revenue from asset management in an effort to increase net fee income as a proportion of UniCredit's overall revenue. As he sought to review the 10-year Amundi distribution deal, Orcel signed an agreement with Azimut (AZMT.MI) in late 2022 giving the Italian asset manager access to UniCredit's clients.

Persons: Dado Ruvic, UniCredit, Amundi, It's, Andrea Orcel, Orcel, Valentina Za, Alexander Smith Organizations: REUTERS, Reuters, BlackRock, Thomson Locations: UniCredit, Italian

☆ Bayern survive Galatasaray pressure, score twice in second half for 3-1 win
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +3 min

However, Bayern striker Harry Kane scored in the 73rd minute and Jamal Musiala added another six minutes later to snap their opponents' 23-match unbeaten run across all competitions. "It's my first time in this stadium and I'm just about getting my hearing back now," goalscorer Kane said. "In the second half we were a bit more calm, better on the ball and took our chances. Goalkeeper Sven Ulreich, however, had to come to the rescue only a minute later, spectacularly palming a Kerem Akturkoglu shot wide. In an equally pacy start to the second half, the Turks had the lion's share of chances once more with Bayern defending desperately.

Persons: Harry Kane, Jamal Musiala, Kane, Mauro Icardi, Kingsley, Sven Ulreich, Akturkoglu, Icardi, Ulreich, Karolos, Christian Radnedge Organizations: Bayern, Galatasaray, Champions League, Turks, Manchester United, Argentine, League, FC Copenhagen, Thomson Locations: ISTANBUL, Bayern Munich

☆ A leading backer of Tim Scott's White House campaign says the senator's team 'fundamentally miscalculated what it means to run for president' amid sagging polls and Nikki Haley's gains
▼ + stars: | 2023-10-23 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

Sen. Tim Scott's presidential campaign, once seen as emerging force, has faltered in recent weeks. Scott has sought to offer an optimistic message to voters, but Trump remains on top in the GOP race. The rise of fellow South Carolinian Nikki Haley has also complicated Scott's path to the nomination. Over the course of Scott's campaign, his campaign has so far focused heavily on winning the Iowa caucuses, and during the summer he was seemingly clipping at Florida Gov. A leading Scott backer, who spoke to Politico anonymously, remarked that the senator's campaign team "fundamentally miscalculated what it means to run for president and generate news coverage."

Persons: Sen, Tim Scott's, Scott, Trump, Nikki Haley, —, Tim Scott, Donald Trump, Ron DeSantis, Texas Sen, John Cornyn, Scott's, Politico, Reagan, Cornyn, Haley, Vivek Ramaswamy, they've, Hawkeye, DeSantis, Nathan Brand Organizations: GOP, South, Service, Main Street Republicans, Florida Gov, Trump, South Carolina Gov, Politico, Senate, Hawkeye State, Republican National Committee Locations: South Carolina, Iowa, Texas, New Hampshire, Miami

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