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☆ Ed Sheeran didn't steal from Marvin Gaye's 'Let's Get It On,' jury rules
▼ + stars: | 2023-05-04 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

Musician Ed Sheeran leaves federal court in New York, US, on Wednesday, May 3, 2023. A Manhattan federal jury ruled Thursday that pop star Ed Sheeran didn't infringe on the copyright of Marvin Gaye's "Let's Get It On." Upon hearing the verdict, Sheeran stood up and hugged his lawyers, according to NBC News. The plaintiffs first filed the civil suit in 2017 and alleged that Sheeran, Warner Music Group and Sony Music Publishing stole from the soul classic, violating federal copyright law. Sheeran told jurors that he composed "Thinking Out Loud" independently with British songwriter Wadge, who was not named in the lawsuit.

☆ Volkswagen, Bosch give up joint venture plans for battery cells
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' DelgadoMay 4 (Reuters) - Volkswagen (VOWG_p.DE) and Bosch (ROBG.UL) have cancelled their plans to create a joint venture to equip battery cell factories, Bosch said on Thursday. "We are not setting up a joint venture," Bosch Chief Executive Officer Stefan Hartung said, adding that the partnership with the German carmaker to digitise its battery factories would continue. The joint venture, announced at the beginning of 2022, was designed to deliver battery production systems, as well as assisting battery cell manufacturers in scaling up and maintaining their production sites. "Volkswagen and PowerCo are sticking to their plan to get involved in equipping battery cell factories in the future.

☆ Universal Studio Group’s UCP teams up with Nigeria’s Comic Republic in new TV series deal
▼ + stars: | 2023-05-03 | by ( Aisha Salaudeen | ) edition.cnn.com time to read: +3 min

In the Vanguards Universe, heroes come together as humankind’s first line of defense, protecting the people of Lagos from members of the first race seeking to punish them. Since its inception 10 years ago, Comic Republic has created and conceptualized dozens of comic book characters and stories. Through his studio, Mad Massive Entertainment, Hinds will work with UCP and the Comic Republic team to execute the production. “I’ve always wanted to show that you can provide quality output out of Africa, because at the time we started, there wasn’t any such thing coming out of the continent,” said the Comic Republic CEO. He added that Comic Republic is well-suited for this deal because the company has worked hard over the past 10 years to build an interconnected superhero universe in its comics.

☆ Where the royal family goes in London, from Indian restaurants to theme parks
▼ + stars: | 2023-05-02 | by ( Julia Buckley | ) edition.cnn.com time to read: +13 min

Well, they’re not, obviously – but sometimes they do put down their tiaras, leave their palaces and join the hoi polloi at restaurants, bars and even theme parks. He once called Brilliant Restaurant in Southall, west London his favorite Indian restaurant – and Gordon Ramsay is also a fan. Stuart C. Wilson/Getty ImagesBack in the noughties, party Prince Harry was a regular at Mahiki, a Tiki-themed bar-club-restaurant in Mayfair. Simon Dack/AlamyIn his memoir “Spare,” Prince Harry wrote about popping out to shop for clothes at T.K. Toby Melville/Getty ImagesThe-then Meghan Markle was apparently spied In the heart of Chelsea while she was engaged to Prince Harry, getting a facial from Sarah Chapman.

Jeremy Selwyn/WPA Pool/Getty Images Camilla stands next to Queen Elizabeth II during a Diamond Jubilee pageant on the River Thames in June 2012. Chris Jackson/Getty Images From left, Camilla, Charles, Queen Elizabeth II and Prince Philip attend the state opening of Parliament in May 2013. From left are Camilla, Charles, Queen Elizabeth II, Prince Louis, Duchess Catherine, Princess Charlotte, Prince George and Prince William. Frank Augstein/WPA Pool/Getty Images In pictures: Britain's Queen Camilla Prev NextShe reportedly met Prince Charles at a polo match in Windsor in 1970 and they became friends. From left are Camilla, Charles, Queen Elizabeth II, Prince Louis, Duchess Catherine, Princess Charlotte, Prince George and Prince William.

☆ Ukraine could launch its offensive against Russia any moment now. Here's what's waiting
▼ + stars: | 2023-04-29 | by ( Tim Lister | ) edition.cnn.com time to read: +10 min

The defenses continue for hundreds of miles across the meandering southern front – where Ukrainian forces are expected to concentrate their counter-offensive in the coming weeks. This area will be critical should Ukrainian forces try to advance towards the city of Melitopol and split Russian forces in the south. It’s unclear where the equipment went but likely that it was sent north to reinforce Russian defensive lines. Russian-appointed officials in Zaporizhzhia claim there is already a large build-up of Ukrainian forces in the area. Ukrainian officials do not disclose the movement of units.

☆ Bank of Japan had 'lots of reasons' to keep monetary policy unchanged, says Moody’s
▼ + stars: | 2023-04-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank of Japan had 'lots of reasons' to keep monetary policy unchanged, says Moody’sStefan Angrick of Moody's Analytics cites "choppy" economic data as one of the reasons.

☆ Deposits are 'something we are watching very closely': Erste Group
▼ + stars: | 2023-04-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeposits are 'something we are watching very closely': Erste GroupStefan Dörfler, chief financial officer of the Austrian lender Erste Group, discusses its first-quarter earnings.

☆ Lawmakers reintroduce SAFE Banking Act, a bill the cannabis industry hails as a lifeline
▼ + stars: | 2023-04-27 | by ( Stefan Sykes | ) www.cnbc.com time to read: +3 min

Aaron Smith, chief executive officer of the National Cannabis Industry Association, speaks during a news conference on the Safe Banking Act outside the US Capitol in Washington, D.C., US, on Wednesday, Sept. 14, 2022. A group of bipartisan lawmakers reintroduced the Secure and Fair Enforcement (SAFE) Banking Act in the House and Senate on Wednesday, after the legislation designed to free up banking services for the cannabis industry stalled in last year's Congress. "For the first time, we have a path for SAFE Banking to move through the Senate Banking Committee and get a vote on the floor of the Senate," Merkley said in a statement. The bipartisan nature of the SAFE Banking Act's reintroduction appeared to boost hopes of more relief to come in the industry. It is past time that Congress addresses the irrational, unfair, and unsafe prohibition of basic banking services to state-legal cannabis businesses," said Blumenauer, founder and co-chair of the Congressional Cannabis Caucus.

☆ The EU outlined its plan to equalize drug access and lower prices. Pharma firms are not happy
▼ + stars: | 2023-04-27 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

A molecular biologist examines wastewater samples for pathogens in the safety laboratory at the Max Delbrück Center for Molecular Medicine in Mitte. One of the EU's key aims is to deliver more timely and equitable patient access to medicines across the 27-nation bloc. The group also found 92% of "innovative medicines" were available in Germany, compared with 30% in smaller and Eastern European EU member states. Companies can extend it up to 10 years if they launch the drug in all 27 EU member states within two years. However, pharmaceutical firms and lobby groups say the move could hamper innovation and the overall availability of drugs.

FRANKFURT, April 26 (Reuters) - Deutsche Bank (DBKGn.DE) is undertaking its biggest management shake-up since 2019, the German bank said on Wednesday as it announced the departure of Christiana Riley, who oversaw its U.S. operations. "It is time to focus the management board on the next phase of the bank's growth strategy, which is now more than ever about sustainable profitability, efficiency and effective controls," Wynaendts said. Riley was one of two women on Deutsche's 10-member board, which will now only consist of only nine people - eight men and one woman - in what Deutsche said would be a "leaner" team. Claudio de Sanctis, a Deutsche veteran who has overseen wealth management, will join the board to oversee the retail bank, Deutsche said. And Chief Financial Officer James von Moltke will take on oversight of asset management, which includes its DWS fund management business.

☆ Ed Sheeran is being sued for allegedly copying Marvin Gaye — here's where the trial stands
▼ + stars: | 2023-04-26 | by ( Stefan Sykes | ) www.cnbc.com time to read: +4 min

Musician Ed Sheeran was in court this week to deny claims that his 2014 song "Thinking Out Loud" is a copy of Marvin Gaye's 1973 classic "Let's Get it On." The high-profile copyright case was brought by the heirs of Ed Townsend, who co-wrote "Let's Get It On" with Gaye. The defense, which did not cross examine Sheeran, said he'll be back on the stand once more during the trial. Sheeran also said the 2014 concert mash-up only happened because most pop songs use a handful of similar chords. "It is my belief that most pop songs are built on building blocks that have been freely available for hundreds of years."

☆ PepsiCo raises outlook as quarterly results beat expectations
▼ + stars: | 2023-04-25 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

PepsiCo on Tuesday boosted its outlook for the year as it posted earnings and revenue that beat expectations. Shares of the company rose more than 2% Tuesday, hitting a new 52-week high. Organic revenue, which doesn't include the impact of acquisitions and divestitures, rose 14.3%. PepsiCo Beverages North America's organic revenue increased 12%, with with Pepsi delivering double-digit net revenue growth and brands like Gatorade and Aquafina delivering high single-digit net revenue growth. The company said it expects its full-year 2023 organic revenue to increase 8%, up from 6%, and core constant currency EPS to increase 9% up from 8%.

☆ Mahrez hat-trick sends Man City into FA Cup final
▼ + stars: | 2023-04-22 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

[1/5] Soccer Football - FA Cup - Semi Final - Manchester City v Sheffield United - Wembley Stadium, London, Britain - April 22, 2023 Sheffield United's Wes Foderingham looks dejected after Manchester City's Riyad Mahrez scores their second goal Action Images via Reuters/Jason CairnduffLONDON, April 22 (Reuters) - Riyad Mahrez scored a hat-trick as Manchester City snapped their losing streak in FA Cup semi-finals with a 3-0 stroll over second-tier Sheffield United at Wembley on Saturday. Championship promotion hopefuls United began brightly and frustrated City for most of the first half but Mahrez fired City ahead from the penalty spot in the 43rd minute. It was the first FA Cup semi-final hat-trick since Alex Dawson for Manchester United against Fulham in 1958. City have not conceded a goal and scored 17 in reaching their 12th FA Cup final in which they could face Manchester United in what would be the showpiece's first Manchester clash. "It is an honour to be in the FA Cup final on 3 June.

☆ Manchester City cruises into FA Cup final with 3-0 victory over Sheffield United
▼ + stars: | 2023-04-22 | by ( Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Manchester City’s treble hopes remain alive after defeating Sheffield United 3-0 in the FA Cup semifinal, thanks to a hattrick from Riyad Mahrez. Still, City is one of the best teams in Europe while Sheffield United is fighting for promotion in England’s second tier – the Championship – but it was not an entirely one-sided game. And then five minutes later, he had a hattrick – the first in an FA Cup semifinal since 1958 – latching onto Jack Grealish’s cross and making no mistake with the finish. “It feels very good (to score a hat-trick),” Mahrez told ITV afterwards. It’s a good team achievement and we took the game seriously.”City will face either Manchester United or Brighton & Hove Albion in the FA Cup final on June 3.

☆ We will benefit from rising domestic demand from China and India, says logistics company
▼ + stars: | 2023-04-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe will benefit from rising domestic demand from China and India, says logistics companyKuehne+Nagel's CEO, Stefan Paul, tells CNBC's Christine Tan why more of the company's growth will come from Asia.

☆ We expect business to pick up in the second half of the year, says logistics company
▼ + stars: | 2023-04-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect business to pick up in the second half of the year, says logistics companyCEO of Kuehne+Nagel, Stefan Paul, shares the company's outlook with CNBC's Christine Tan.

☆ EU parliament backs world's first comprehensive rules for cryptoassets
▼ + stars: | 2023-04-20 | by ( Huw Jones | ) www.reuters.com time to read: +1 min

LONDON, April 20 (Reuters) - The European Parliament on Thursday overwhelmingly backed the European Union's first set of rules to regulate cryptoasset markets. Parliament voted by 517 in favour and 38 against to approve the world's first comprehensive set of regulations for issuing and trading cryptoassets such as bitcoin. "This regulation brings a competitive advantage for the EU," said Stefan Berger, the lawmaker who steered the rules through parliament. "The European crypto-asset industry has regulatory clarity that does not exist in countries like the U.S.," Berger said. Parliament also backed new rules for tracing transfers of cryptoassets like bitcoins and electronic money tokens.

☆ Legendary Female Artists on the Younger Women Who Inspire Them
▼ + stars: | 2023-04-20 | by ( ) www.nytimes.com time to read: +20 min

The Artist’s Mind What it feels like for female artists to wrestle with ambition, ego, ambivalence and inheritance. That isolation has, historically, been especially true for women artists, some of the most celebrated of whom have seen “writer” or “painter” or “filmmaker” treated as a secondary part of their identity. For this issue, we asked legendary female artists to tell us about a younger woman whose work excites them and gives them hope. But for the current generation of women artists, who have come of age with models who more closely resemble them, identity seems more like a source of community than a trap. Women artists, born into a Babylon of exclusion and possibility, reveal that creative inheritance is as promiscuous as legal inheritance is strict.

☆ A Ukrainian drone commander said Russian troops would sit around and get shot at the start of the war, but have learned from their mistakes
▼ + stars: | 2023-04-19 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Russian troops often made themselves easy targets at the war's start, a Ukrainian soldier said. But Petro told Weichert he noticed Russian forces — tanks in particular — moving more often as the war continued. They learn from their problems and mistakes," said the corporal, whose primary role is to spot Russian artillery or tanks. Their combat formations and targeting systems meant Russian troops were often vulnerable to friendly fire, the think tank added. Petro's unit spotted an anti-tank gun, but the responding Ukrainian artillery unit only fired one shot when six are usually needed to dispatch a target, Weichert wrote.

☆ Top pro leagues, media outlets team up to combat problematic sports-betting ads
▼ + stars: | 2023-04-19 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

The nation's top professional leagues are teaming up with some TV broadcasters to tackle irresponsible sports-betting advertising. The NFL, NBA, NHL, MLB, WNBA, NASCAR, and MLS have joined media companies NBCUniversal and Fox to form The Coalition for Responsible Sports Betting Advertising. The coalition, led by NFL vice president of public policy and government affairs, Jonathan Nabavi, aims to regulate sports-betting advertising as it floods television, internet and print media. The move comes as sports betting becomes legal in more states and opponents worry its advertising targets minors. The National Council on Problem Gambling has commended the coalition and promised to work in collaboration with it to "better mitigate problem gambling related harm."

☆ Sweden's economic gloom goes from bad to worse as government predicts steeper GDP contraction
▼ + stars: | 2023-04-17 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +5 min

JONATHAN NACKSTRAND / Contributor / Getty ImagesThe Swedish government is now predicting a deeper than expected GDP contraction in 2023, according to data released Monday, worsening an already gloomy outlook for the country's economy. Sweden's Ministry of Finance estimated in December that GDP would shrink by 0.7%, but it now predicts a 1% downturn as it reassesses the "challenging economic environment." "We face major challenges, but we will get through them together," Sweden's Minister for Finance, Elisabeth Svantesson, said in a press release Monday. The latest CPI data shows inflation is finally starting to slow, but wages are limping behind and house prices are facing a serious downturn. Eroding real wagesMost European countries are experiencing sky-high inflation, leaving real wages lagging behind.

☆ Germany's Buch seen as favorite to be new ECB top supervisor, sources say
▼ + stars: | 2023-04-15 | by ( Balazs Koranyi | ) www.reuters.com time to read: +3 min

WASHINGTON, April 15 (Reuters) - Three women are seen as the top contenders to become the European Central Bank's new supervisory chief, with Germany's Claudia Buch considered the clear favorite, conversations with a dozen sources with direct knowledge indicate. The ECB oversees just over a hundred of the euro zone's biggest banks and needs to pick a new top supervisor to replace Andrea Enria. His five-year term expires at the end of this year, just as sharply rising interest rates challenge banks' business models. Donnery, a deputy governor at Ireland's central bank, is seen as more of a long shot, the sources said. The sources added that the selection process has yet to start, so all discussions about the candidates are still informal.

☆ Lack of electric vans opens door for Chinese, other EV makers
▼ + stars: | 2023-04-13 | by ( Nick Carey | ) www.reuters.com time to read: +7 min

[1/3] Tristan Thomas, CEO of Packfleet, demonstrates charging an electric van made by Chinese brand Maxus at the fully-electric package delivery firm's headquarters in London, Britain, October 27, 2022. Packfleet grew tenfold in 2022 and CEO Tristan Thomas said most of the company's 53-vehicle fleet are Maxus vans. SAIC said it sold 18,000 mostly electric Maxus brand vehicles in Western Europe and Scandinavia last year, including buses and pickup trucks. Fleet manager Sean Clifton has 50 additional Ford vans and 20 Maxus vans on order, but will need more soon as Asda electrifies its 1,300 delivery vans. There is no difference in delays for conventional and electric vans at Renault, said commercial vehicle marketing director John Cleworth.

☆ Pirro to replace Bastianini at Ducati for Americas GP
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

[1/2] FTR MotoGP rider Michele Pirro of Italy (L) talks to his mechanic during a free practice session ahead of the Malaysian Grand Prix in Sepang October 19, 2012. REUTERS/Bazuki Muhammad/File PhotoApril 12 (Reuters) - Ducati test rider Michele Pirro will replace the injured Enea Bastianini at this weekend's Grand Prix of the Americas in Austin, Texas, the factory team said. The clinic confirmed Bastianini would still need a few more weeks to fully recover, Ducati added. Pirro, 36, last raced at the Circuit of the Americas in 2016 as a stand-in for Danilo Petrucci at Pramac Ducati, finishing eighth. The fourth race of the season is the Spanish Grand Prix in Jerez on April 30.

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