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☆ A former Russian minister who fled to the US says he now makes the same working as a truck driver after the ruble crashed
▼ + stars: | 2023-08-18 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +2 min

A former Russian minister turned US truck driver says he earns as much now as he did as an official. Denis Sharonov fled Russia last year and has spent the last six months driving a truck. They say I downshifted, from a regional minister to truck driver." But Sharonov insisted his decision to work as a truck driver was about "feeling free" and doing an "honest job". "Working as a truck driver seemed like the most straightforward way to make a living," he said, adding: "I am proud of what I do."

Persons: Denis Sharonov, Sharonov, Sharonov didn't Organizations: Service, Guardian Locations: Russian, Russia, Wall, Silicon, Komi Republic, Mexico

☆ Listen to ex-Tesla workers describe Elon Musk's 'production hell' in their own words, from working through a raw sewage leak to sleeping on the factory floor
▼ + stars: | 2023-08-17 | by ( Grace Kay | ) www.businessinsider.com time to read: +6 min

Tesla workers described what it was like to work through "production hell" in a new podcast. The ex-Tesla workers told The Verge that they worked long hours and faced high pressure to deliver. Tesla workers shared their experience working at the automaker during Elon Musk's stretches of "hardcore" production in a recent podcast from The Verge. He also said he recalled a raw sewage leak that some Tesla workers were told to continue working through. At the time, a spokesperson for Tesla told Insider that the company was not aware of any instances in which managers told workers to walk through sewage.

Persons: Carlos Gabriel, Musk, Gabriel, he'd, Tesla, Huibert Mees, Denis Duran —, —, Duran, we've, Elon Musk, Mason Trinca, Melvin Berry, Elon, Berry, Mees Organizations: Morning, Giants, Tesla, Fremont, Washington Post, Apple, Bloomberg, Union, The Washington, Getty, Wired, Twitter, EV Locations: Elon Musk's

☆ Chinese duties on U.S. imports 'inconsistent' with WTO obligations
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +2 min

A logo is seen at the World Trade Organization (WTO) headquarters before a news conference in Geneva, Switzerland, October 5, 2022. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsGENEVA, Aug 16 (Reuters) - A World Trade Organization (WTO) dispute settlement panel on Wednesday found that China had acted inconsistently with its WTO obligations by imposing additional duties on certain U.S. imports in response to U.S. tariffs on steel and aluminium. China's Commerce Ministry said it had noted the WTO panel decision and demanded that the United States immediately lift tariffs imposed on steel and aluminium imports. The U.S. imposed a 25% duty on steel imports and a 10% duty on aluminium imports in March 2018 based on the Donald Trump administration's "Section 232" national security investigation into steel and aluminium imports. In response to the U.S. duties, China announced that additional duties of between 15% and 25% would apply to certain imports originating in the United States, a measure challenged by Washington.

Persons: Denis Balibouse, Donald Trump, Joe Biden's, Gabrielle Tétrault, Farber, Susan Heavey, Ella Cao, Rachel More, Devika Syamnath, Sharon Singleton Organizations: World Trade Organization, REUTERS, Rights, Trade Organization, U.S . Trade, WTO, Ministry, U.S, Washington, United, Thomson Locations: Geneva, Switzerland, China, United States, Beijing, U.S, Washington

☆ Russian court bans UBS, Credit Suisse from subsidiary disposals
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

The logos of Swiss bank Credit Suisse and UBS are seen in Geneva, Switzerland, June 7, 2023. The Russian bank joined an agreement to provide a syndicated loan to Luxembourg-based agricultural firm Intergrain, for which Credit Suisse was the credit agent, the document showed. In November 2021, Zenit transferred $20 million to Intergrain, but after Western sanctions were imposed on Zenit, Credit Suisse notified the Russian bank that it would not transfer payments to it from Intergrain. Credit Suisse and UBS, which bought its smaller rival in June, declined to comment. The court documents showed that Zenit Bank had filed for interim measures, asking the court to seize funds belonging to UBS and Credit Suisse, and prohibiting the disposal of shares.

Persons: Denis Balibouse, Laws, Goldman Sachs, Elena Fabrichnaya, Alexander Marrow, Alexander Smith Organizations: Credit Suisse, UBS, REUTERS, Zenit Bank, Zenit, Intergrain . Credit Suisse, Otkritie Bank, Thomson Locations: Geneva, Switzerland, Russia, Ukraine MOSCOW, Moscow, Russian, Luxembourg, Intergrain ., Ukraine, Detsky Mir, U.S

☆ The US Army is rushing to rearm its electronic warriors after watching Russia and Ukraine jam each other's drones
▼ + stars: | 2023-08-15 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Electronic warfare has played a prominent role during the war in Ukraine. This has put fresh impetus behind the US Army's electronic-warfare upgrades. Concern about electronic warfare, or EW, isn't new, nor is the US deficient in all EW aspects. For its part, Russia has been able to use electronic warfare to send Ukraine's GPS-guided JDAM glide bombs and HIMARS rockets off course. Most armies — or at least the high-tech ones — are vulnerable to electronic warfare, but the US military is especially vulnerable because its way of war is so dependent on electronic communications.

Persons: Douglas Bush, Simon Mictizic, Bush, Charles Brown Jr, Denis Abramov, Brown, Lockheed Martin, Michael Peck Organizations: Service, US Army, Army, Army's 1st Infantry Division, Staff, Air Force, Joint Chiefs of Staff, Navy, Russian Defense Ministry, Mil.ru, Domain Command, GPS, Support Force, US, Combat, Stryker, TLS, Defense, Foreign Policy, Twitter, LinkedIn Locations: Ukraine, Russia, Wall, Silicon, Russian, China, Forbes

☆ Tumbling rouble claws back ground as central bank to meet
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +6 min

Putin's economic adviser Maxim Oreshkin earlier said the central bank could ensure that the pace of lending drops to sustainable levels with higher rates. "The central bank has all the tools to normalise the situation in the near future." Asked earlier whether it might make an emergency hike from the current 8.5%, the central bank declined to comment. "The central bank is not fully in control," independent Moscow-based economist Ian Melkumov told Reuters. "The central bank doesn't want to kill the economy and businesses in the same way it had to last year," he said.

Persons: Rouble, Vladimir Putin's, rouble, Putin, Maxim Oreshkin, Oreshkin, Denis Popov, Popov, Matt Vogel, REUTERS Central Bank Governor Elvira Nabiullina, Vladimir Solovyev, Ivan, Timothy Ash, Ian Melkumov, Alexander Marrow, Marc Jones, Gareth Jones, Philippa Fletcher, Christina Fincher Organizations: TASS, of Russia's, FIM, Moscow News Agency, Handout, REUTERS Central Bank Governor, Popular, Kremlin, Reuters, BlueBay Asset Management, Thomson Locations: MOSCOW, Ukraine, Moscow, Russia, London

☆ UBS tells employees: more milestones in CS merger to be announced Aug 31
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: 1 min

Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 20, 2023. REUTERS/Denis Balibouse/File PhotoBERLIN, Aug 11 (Reuters) - UBS (UBSG.S) said in a memo to employees seen by Reuters on Friday that it would provide information on some more milestones it has reached in its merger with Credit Suisse as part of its second-quarter results on Aug. 31. "It should be clear to all of us that we still have a lot of work ahead of us to realize the full potential value from this transaction," according to the memo, which was sent as UBS said it had terminated its loss protection agreement with the Swiss government. Reporting by Oliver Hirt and Noele Illien, Writing by Miranda Murray; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Denis Balibouse, Oliver Hirt, Noele, Miranda Murray, Kim Coghill Organizations: UBS, Credit Suisse, REUTERS, Reuters, Thomson Locations: Zurich, Switzerland, Swiss

☆ State-owned VTB bank to control Russia's biggest shipbuilding firm for five years
▼ + stars: | 2023-08-10 | by ( ) www.reuters.com time to read: +2 min

[1/3] Russian President Vladimir Putin attends a meeting with CEO of VTB bank Andrei Kostin in Moscow, Russia, August 10, 2023. Sputnik/Mikhail Klimentyev/Kremlin via REUTERSSummaryCompanies VTB to control United Shipbuilding Corporation for five yearsVTB boss Kostin says the news is unexpectedPutin says there are problems at USCMOSCOW, Aug 10 (Reuters) - President Vladimir Putin said on Thursday that the state-owned VTB (VTBR.MM) bank would be given control of the state's 100% stake in United Shipbuilding Corporation (USC), the largest shipbuilding company in Russia. Trade and Industry Minister Denis Manturov specified that VTB would manage the stake in trust for five years. United Shipbuilding Corporation builds vessels for both the civilian and military sectors, operating about 40 shipyards, design offices and repair yards across Russia and employing 95,000 staff. Putin told VTB CEO Andrei Kostin at a televised Kremlin meeting that he supported a government proposal to transfer the stake.

Persons: Vladimir Putin, Andrei Kostin, Mikhail Klimentyev, Kostin, Putin, Denis Manturov, Vladimir Vladimirovich, Manturov, Guy Faulconbridge, Kevin Liffey Organizations: Sputnik, United Shipbuilding Corporation, USC MOSCOW, USC, Trade, Industry, Kremlin, USC JSC, VTB Bank, Thomson Locations: Moscow, Russia, Kremlin

The World Health Organisation (WHO) logo is seen near its headquarters in Geneva, Switzerland, February 2, 2023. "Collectively, available evidence does not suggest that EG.5 has additional public health risks relative to the other currently circulating Omicron descendent lineages," the WHO said in a risk evaluation. COVID-19 has killed more than 6.9 million people globally, with more than 768 million confirmed cases since the virus emerged. Maria Van Kerkhove, the WHO's technical lead on COVID-19, said EG.5 had an increased transmissibility but was not more severe than other Omicron variants. Director General Tedros Adhanom Ghebreyesus deplored that many countries were not reporting COVID-19 data to WHO.

Persons: Denis Balibouse, Maria Van Kerkhove, Tedros Adhanom Ghebreyesus, Van Kerkhove, Leroy Leo, Gabrielle Tétrault, Farber, Toby Chopra, Angus MacSwan Organizations: World Health Organisation, REUTERS, World Health Organization, EG, WHO, Thomson Locations: Geneva, Switzerland, United States, China, South Korea, Japan, Canada, Bengaluru

☆ UBS rejigs investment bank in bid to better compete with Wall Street
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +2 min

Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland, March 20, 2023. REUTERS/Denis Balibouse/File PhotoLONDON, Aug 7 (Reuters) - UBS (UBSG.S) announced an overhaul of its investment banking division on Monday, including naming the unit's M&A chiefs, marking a key step in integrating Credit Suisse. Sergio Ermotti is seizing on the opportunity presented by the rescue takeover of Credit Suisse in March to reorganize UBS' investment bank to better compete against Wall Street firms. Hundreds of Credit Suisse bankers have already left to other institutions and UBS has been laying off employees from Credit Suisse's investment bank around the globe. Hong Kong makes up Credit Suisse's biggest share of investment bankers in Asia.

Persons: Denis Balibouse, Sergio Ermotti, David Kostel, Tom Churton, Christian Lesueur, Nestor Paz, Galindo, Marc, Anthony Hourihan, Michael Santini, Marc Warm, David Slade, Scott Lindsay, Robin Rankin, Andres Gonzalez, Oliver Hirt, Elisa Martinuzzi, Alexander Smith Organizations: UBS, Credit Suisse, REUTERS, Wall Street, Global, Staff, Reuters, TMT Investment, Global Banking, Credit, Suisse's, Debt, Thomson Locations: Zurich, Switzerland, Credit, Swiss, Hong Kong, Asia

☆ Russia says Western bid to get Global South to back Ukraine is doomed
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +1 min

Russian Deputy Foreign Minister Sergei Ryabkov attends a news conference at the Russian Mission after his speech at the Conference on Disarmament at the United Nations in Geneva, Switzerland March 2, 2023. REUTERS/Denis Balibouse/File PhotoAug 6 (Reuters) - Moscow said on Sunday that weekend talks in Saudi Arabia including the U.S., China and India aiming to establish principles for a peaceful end to Russia's war in Ukraine were a doomed Western attempt to align the Global South behind Kyiv. Senior officials from some 40 countries were attending the two-day meeting, part of a push by Ukraine to build support beyond its core Western backers among countries that have been reluctant to take sides in the conflict. At its heart is a withdrawal of Russian troops and the restoration of Ukraine's territorial integrity. Reporting by Reuters; Writing by Kevin Liffey; Editing by Andrew CawthorneOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergei Ryabkov, Denis Balibouse, Volodymyr Zelenskiy, Kevin Liffey, Andrew Cawthorne Organizations: Conference, Disarmament, United Nations, REUTERS, Kyiv, TASS, Reuters, Thomson Locations: Russian, Geneva, Switzerland, Moscow, Saudi Arabia, U.S, China, India, Ukraine, Russia

CNN —Explosions hit critical road bridges linking occupied Crimea with parts of Kherson region under Russian control, Russian authorities say, as Ukraine escalates its targeting of Russian infrastructure and territory. The Russian-appointed acting head of Kherson region, Vladimir Saldo, says the missiles that hit two bridges in Crimea Sunday were all Storm Shadows, an air-launched long-range missile supplied to Ukraine by the UK. Earlier, Ukrainian President Volodymyr Zelensky said a Russian guided aerial bomb struck a blood transfusion center in the Kharkiv region Saturday. MapboxA new wave of Russian missiles also struck sites across Ukraine overnight, most of which were shot down. Any explosions that happen to Russian ships or the Crimean bridge are “an absolutely logical and effective step.

Persons: Vladimir Saldo, Saldo, can’t, It’s, …, Volodymyr Zelensky, ”, Vasyl Maliuk, Maliuk Organizations: CNN, Crimea Sunday, CNN Ukraine, Saturday, Ukrainian Security Service Locations: Crimea, Kherson, Ukraine, Moscow, Russian, Kherson region, Henichesk, Kharkiv, Russia, Ukrainian

Logos of Swiss banks UBS and Credit Suisse are seen on an office building in Zurich, Switzerland March 19, 2023. The changes are aimed at producing unified teams following the completion of UBS's emergency takeover in June of Credit Suisse. Under the shake-up some Credit Suisse bankers will take on bigger roles in the combined company while some others leave, the sources said. Matt Eilers, UBS's global head of financial sponsors, is also in talks about possibly leaving, two of the sources said. His co-head would be Christian Lesueur, who has been global head of TMT investment banking, the sources added.

Persons: Denis Balibouse, Sergio Ermotti, Jeff Rose, Jon Levin, Matt Eilers, Rob DiGia, Rose, Levin, Eilers, DiGia, Laurence Braham, Lesueur, Steve Pettigrew, Braham, Neil Meyer, Abigail Summerville, Milana Vinn, David Carnevali, Leslie Adler Organizations: UBS, Credit Suisse, REUTERS, UBS Group AG, Suisse, Reuters, Swiss, Barclays Plc, Bank of America Corp, Barclays, Thomson Locations: Zurich, Switzerland, Americas, Milana, New York

☆ Exclusive: Russia doubles 2023 defence spending plan as war costs soar
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +5 min

They show that in the first half of 2023 alone, Russia spent 12%, or 600 billion roubles, more on defence than the 4.98 trillion roubles ($54 billion) it had originally targeted for 2023. Defence spending in the first six months of 2023 amounted to 5.59 trillion roubles, 37.3% of a total 14.97 trillion roubles spent in the period, the document showed. Between 2011 and 2022, Russia spent a minimum of 13.9% and a maximum 23% of its budget on defence. Russia has already spent 57.4% of its new annual defence budget, the document showed. Funding for schools, hospitals and roads was already being squeezed this year in favour of defence and security, but as the share of defence spending grows, other areas could face cuts.

Persons: Vladimir Putin, Ilya Pitalyov, Denis Manturov, Dmitry Polevoy, Yevgeny Suvorov, Suvorov, Mike Collett, White, Philippa Fletcher Organizations: Sputnik, Reuters, Defence, MMI Telegram, Bank of Russia, Monetary Fund, Thomson Locations: Russian, Saint Petersburg, Russia, Ukraine, Moscow, Locko

☆ Winners and losers likely as Switzerland absorbs Credit Suisse layoffs
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +5 min

Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 20, 2023. In Switzerland, up to 10,000 jobs could be affected with Zurich bearing the brunt if UBS goes ahead with its indicated preferred option of absorbing Credit Suisse and cutting overlapping jobs and operations. "The large banks have many highly paid very specialized roles, where frankly there is very little demand in the market outside UBS and Credit Suisse," he said. Job cuts at Credit Suisse will hit Swiss and foreign nationals on its payroll, which may mean some have to leave Switzerland if they can't find a new job. Swiss banks have been looking in particular to snap up relationship managers with strong client relationships and solid books.

Persons: Denis Balibouse, headhunter Fredy Hausammann, Hausammann, Adecco, Balz Stueckelberger, Sergio Ermotti, Lombard Odier, Marco Arnold, Giorgio Pradelli, Pradelli, EFG, Noele Illien, Susan Fenton Organizations: UBS, Credit Suisse, REUTERS, Reuters, State Secretariat, Economic Affairs, Arbeitgeber Banker, Swiss, EFG's, Thomson Locations: Zurich, Switzerland, Swiss, Europe, Zug

☆ Aircraft lessors set for June 2024 trial over Russia insurance claims
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File photoDUBLIN, July 31 (Reuters) - Some of the world's largest aircraft lessors and insurers are aiming to be ready to go to trial in June 2024 over contested insurance claims for aircraft stuck in Russia, a lawyer for one of the lessors said on Monday. Those steps include finding a venue large enough for the 180 attendees Smith said were expected at the trial each day. Justice Denis McDonald told a packed hearing last month that no court in Ireland was large enough to hear the case. The world's biggest aircraft lessor, Irish-based AerCap (AER.N), is pursuing its insurance claims through London's High Court. AerCap's Chief Financial Officer said on Monday that it continued to have discussions with Russian insurers on a potential settlement regarding some of its aircraft stranded in Russia.

Persons: Dado Ruvic, Lessors, Kelley Smith, Avolon, Smith, Denis McDonald, we're, Peter Juhas, Padraic Halpin, Mark Potter Organizations: SMBC Aviation, REUTERS, BOC Aviation, HK, CDB Aviation, Nordic Aviation Capital, Carlyle Aviation Partners, world's, Thomson Locations: Russian, DUBLIN, Russia, Ukraine, Ireland, London's

☆ How Russia is evading sanctions to keep $10 billion worth of seized Boeing and Airbus planes flying
▼ + stars: | 2023-07-31 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Russia seized some 500 leased Boeing and Airbus airliners after invading Ukraine. Western sanctions against Russia have taken a toll on the country's aviation sector — forcing the country to get creative to keep its planes flying. This included closing US, EU, and other allied airspace, preventing planemakers like Boeing and Airbus from sending spare parts to Russia, and stopping countries like Turkey from refueling Russian planes. But, the illegal import schemes are not the only methods keeping Russia's airlines alive. Buying off seized jets using rainy-day moneyAn Aeroflot Boeing 777-300ER parked at the gate at Los Angeles International Airport before the war.

Persons: It's, Vladimir Putin, Denis Kabelev, lessors, Fabrizio Gandolfo, —, Igor Chalik, Russia's NWF Organizations: Boeing, Airbus, Russia, Reuters, Aeroflot, S7 Airlines, Aeroflot Boeing, Los Angeles International Airport, Getty, TASS, Wealth Fund, lessors . Leasing, Airlines, Ural Airlines, Aerotime, country's Ministry of Finance Locations: Russia, Ukraine, EU, Turkey, Iran, China, Russia's, Kremlin, lessors, Russian

☆ Paris 2024: The war in Ukraine shows no sign of ending. That leaves a dark cloud over the Olympic Games
▼ + stars: | 2023-07-29 | by ( Matt Foster | ) edition.cnn.com time to read: +10 min

Kharlan’s disqualification threw into sharp relief the political and organizational jeopardy that France and the International Olympic Committee (IOC) is facing ahead of the Games. So far, no decision has been taken on Russian and Belarusian athletes’ participation at the 2024 Paris Olympics. The opening ceremony is already uniquely French in nature with the Games set to be centered around the Seine, the river running through the city. Organizers also say that the Paris Games “finance themselves,” claiming that 96% of the budget comes from private investment. Next year’s Olympic Games are set to start on July 26 and run until August 11.

Persons: Olga Kharlan, Anna Smirnova, Kharlan’s, Thomas Bach, Russia’s, Smirnova, Russian Anna Smirnova, Ukraine's Olga Kharlan, Tibor Illyes, ” Bach, “, ” Edwin Moses, Nawal El Moutawakel, CNN’s Amanda Davies, Jimmy Carter, ”, Moses, AP El, Emmanuel Macron, Geoffroy Van Der, Tony Estanguet, CNN’s Melissa Bell, “ It’s, Denis the, aren’t, Jimmy Gressier, Tullio M, Estanguet, Shelly, Ann Fraser, Pryce, ” Fraser, Fabrice Coffrini, Katie Ledecky, Ariarne Titmus, Summer McIntosh Organizations: CNN, International Olympic Committee, IOC, Belarusian Olympic, Olympic, US Olympic, USA, US State Department, United, AP, AP El Moutawakel, Games, Eastern Bloc, Getty, Paris, FIFA, Stade de France, UEFA, League, Stade de France –, de Police, BFMTV, RMC Sport, CNN Sport, Paris Games, Paralympic, Paralympic Games Locations: Paris, Ukrainian, France, Ukraine, Belarusian, Russia, Milan, Russian, Soviet, Afghanistan, Morocco, United States, Soviet Union, Los Angeles , California, –, Geoffroy Van Der Hasselt, AFP, Saint, Puglia, Lausanne, Switzerland, Australia, Canada, Seine

☆ ‘The Beasts’ Review: Rich Soil for a Thriller Movie
▼ + stars: | 2023-07-28 | by ( Kyle Smith | ) www.wsj.com time to read: 1 min

Luis Zahera and Denis Ménochet Photo: Greenwich EntertainmentIn “The Beasts,” a genial farmer named Antoine is trying to make a living selling tomatoes and other produce in farmer’s markets in Galicia in the Spanish countryside. So why do two brothers from a neighboring parcel of land seem eager to launch a vendetta against him? It isn’t till the middle of the film that we come to recognize that the villains of the piece have an unnervingly valid complaint.

Persons: Luis Zahera, Denis Ménochet, ”, Antoine Organizations: Greenwich Entertainment Locations: Galicia, Spanish

And it can only end on the basis of justice and reason," African Union Commission Chairman Moussa Faki Mahamat told Putin and African leaders in St Petersburg. Putin gave it a polite but cool reception when African leaders presented it to him last month. Putin responded by arguing, as he has in the past, that rising world food prices were a consequence of Western policy mistakes long predating the Ukraine war. On Thursday, he promised to deliver free Russian grain in the next several months to six of the countries attending the summit. Mali's Assimi Goita told Putin: "You have shown pragmatism and realism in efforts to reach agreement with Ukraine."

Persons: Putin, Vladimir Putin, Moussa Faki Mahamat, Denis Sassou Nguesso, Macky Sall, Cyril Ramaphosa, Pavel Bednyakov, Volodymyr Zelenskiy, Abdel Fattah al, Sisi, Russia's Wagner, Faustin Archange Touadera, Assimi Goita, Kevin Liffey, Joe Bavier, Alexander Winning, Angus MacSwan Organizations: Kremlin, Union, Reuters, South, Sputnik, Central African, CAR, Thomson Locations: Ukraine, Moscow, Russia, St Petersburg, Russian, Belarus, Congo, Europe, Kyiv, Africa, Saint Petersburg, Ukrainian, Western, Mali, Central, Central African Republic

☆ United States and Netherlands face off in repeat of 2019 final
▼ + stars: | 2023-07-26 | by ( ) www.reuters.com time to read: +2 min

[1/2] Soccer Football - Women's World Cup Final - United States v Netherlands - Groupama Stadium, Lyon, France - July 7, 2019 Lindsey Horan, Alex Morgan and Allie Long of the U.S. celebrate winning the Women's World Cup with their medals REUTERS/Denis Balibouse/File PhotoAUCKLAND, July 27 (Reuters) - The United States and the Netherlands will renew their rivalry in the Women's World Cup when they meet in their second group stage encounter on Thursday, four years after the Americans triumphed over the Oranje in the final to win a fourth crown. "Their experience may be an advantage or people may look at it as an advantage. But the unknowns and unpredictability that comes with our squad could be an advantage," Andonovski said. Portugal play Vietnam in the other Group E encounter which gives the two World Cup debutants their best chance to register a first win. "It's how the rest of the squad bounces back and performs in a high-pressure situation in the biggest games."

Persons: Lindsey Horan, Alex Morgan, Allie Long, Denis Balibouse, Vivianne Miedema, Vlatko Andonovski, Andonovski, They're, Rose Lavelle, Andries Jonker, Sam Kerr, Mary Fowler, Aivi Luik, Steph Catley, Rohith Nair, Christian Radnedge Organizations: Soccer, Groupama, REUTERS, Oranje, Australia, Thomson Locations: States, Netherlands, Lyon, France, AUCKLAND, United States, Wellington, Portugal, Vietnam, Nigeria, Bengaluru

☆ Peace-themed torch unveiled for Paris 2024 Olympics
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

[1/3] Paris 2024 Olympics - Press conference to unveil the design of the Paris 2024 Olympic and Paralympic Torch - Saint-Denis, France - July 25, 2023 Designer Mathieu Lehanneur speaks at a press conference during the unveiling of the Paris 2024 Olympic torch's design REUTERS/Pascal RossignolPARIS, July 25 (Reuters) - The design of the Paris 2024 Olympic and Paralympic torch was unveiled on Tuesday, imitating the reflection of the Eiffel Tower on the ruffled surface of the Seine river and conveying a peaceful energy, its designer said. Creator Mathieu Lehanneur said the rounded torch was symmetrical from top to bottom and through 360 degrees, its soft curves representing peacefulness and its symmetry standing for equality between athletes. Lehanneur said he hoped the torch conveyed a visual representation of the sporting event Paris 2024 wants to deliver. "I wanted to move away from the torch appearing as an object of conquest," designer Mathieu Lehanneur told a news conference a year ahead of the Paris Games, adding that designing the torch proved infinitely more technical than he imagined at the outset. Paris 2024 chief Tony Estanguet called the torch "very, very beautiful."

Persons: Denis, Mathieu Lehanneur, Pascal Rossignol PARIS, Lehanneur, Michel, Tony Estanguet, Louise Dalmasso, Richard Lough, Pritha Sarkar Organizations: Press, Paris, Eiffel, Paris Games, Games, Saint, Thomson Locations: France, peacefulness, Seine, Olympia, Marseille, Strasbourg, Paris

☆ HGTV's Galey Alix wants to be a star. Will the spotlight crush her — or set her free?
▼ + stars: | 2023-07-25 | by ( Anna Peele | ) www.businessinsider.com time to read: +19 min

Alix is the creator and star of the HGTV show "Home in a Heartbeat With Galey Alix," which premiered in April and streams on Max. Galey Alix Gravenstein comes from a family of overachievers. Alix got to work with Jay Delgado, remaking Calloway's blank white box into a Galey Alix take on a rich person's beach house. In April 2021, Parker, who had no renovation experience, offered to help Alix with an install. He and Lauren Parker insist Alix is OK because she's able to ask people like them for help without fear.

Persons: Galey Alix, Nancy Meyers, Dale Moss, Alix, semiprivate, fiancé, Goldman Sachs, Joanna Gaines, Drew Scott, Alix gravitates, Jay Delgado, PJ Fetscher, Instagram, she's, she'll, Sonya Revell, —, It's, Goldman, I'm, Galey Alix Gravenstein, she'd, Alix didn't, Alix's fiancé, Carrie Calloway, who'd, Mac, Calloway, I'd, Lauren Parker, Parker, Delgado, Fetscher, Kay Marryshow, she's fallible, Phil, Alix's Instagram, it's, She's, Moss, of Moss, he's, Rebecca Zisser, Crystal, Anna Ruiz, Agency Gerard, Ester Gattuso, Susana Betancourt Organizations: grays, Goods, Fort, HGTV, Goldman, Target, University of Florida, Home Depot, Parker, Netflix, Crystal Cox, Agency, Agency Gerard Artists Locations: Italian, Fort Lauderdale, Max, Florida, overachievers, New York, Connecticut, fiancé's Connecticut, Westport , Connecticut, Target, Instagram, Australia, London, India , Puerto Rico, Wyoming, Orlando, peeking

[1/3] An exhibition marking the 100th anniversary of the signing of the Treaty of Lausanne that fixed the borders of modern Turkey at the end of World War I is seen at the Historical Museum in Lausanne, Switzerland, July 21, 2023. REUTERS/Denis BalibouseLAUSANNE, Switzerland, July 23 (Reuters) - The Treaty of Lausanne that formed modern Turkey is still cherished by some but remains a disappointment for others including Kurds and Armenians who hoped for autonomous regions and justice for Ottoman-era crimes. Turkey's President Tayyip Erdogan commemorated the anniversary in a statement last year, praising elements of it and saying that Turkey had meticulously monitored its implementation. You must show what this (treaty) means," Karnusian told Reuters, saying that it stood for the "origin of the denial of what happened" to the Armenians. "I think it (the treaty) has endured because everyone's equally unhappy about it," he said.

Persons: Denis Balibouse, Tayyip Erdogan, Koyuncu, Karnusian, Jonathan Conlin, everyone's, Emma Farge, Frances Kerry Organizations: Historical Museum, REUTERS, Reuters, Thomson Locations: Lausanne, Turkey, Switzerland, Swiss, Britain, France, Ottoman Empire

☆ Factbox: U.S. banks increase reserves for commercial real estate exposure
▼ + stars: | 2023-07-21 | by ( Matt Tracy | ) www.reuters.com time to read: +5 min

While regional banks carry the greatest exposure to the commercial real estate (CRE) sector, second quarter earnings show that a number of big banks have prepared for potential defaults, primarily on office loans. However, Borthwick noted the bank's office CRE exposure was low relative to its overall loan portfolio, at 2%. CRE loans represented just 15% of the bank's overall lending book, while only 1% of the CRE loan portfolio was office-related. WELLS FARGO (WFC.N)The bank said it had a $949 million increase in its allowance for credit losses, primarily CRE office loans. WEBSTER FINANCIAL CORP (WBS.N)The regional bank's nonperforming CRE loans ticked up to $47.9 million last quarter from $35.8 million in the first quarter.

Persons: Goldman Sachs, Andrew Kelly, Alastair Borthwick, Borthwick, GOLDMAN SACHS, markdowns, Denis Coleman, Jeremy Barnum, WELLS, Charlie Scharf, Bruce Van Saun, Dominic Ng, East, James Leonard, MORGAN STANLEY, Webster, Glenn MacInnes, John Ciulla, Matt Tracy, Michelle Price, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, U.S, AMERICA CORP, GOLDMAN SACHS GROUP INC, Goldman, JPMORGAN CHASE &, JPMorgan, Citizens, EAST WEST BANCORP, East, BANCORP, WEBSTER FINANCIAL, Thomson Locations: New York City , New York, U.S, California, CRE

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