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☆ Global business activity showed signs of slowdown in August -PMIs
▼ + stars: | 2023-09-05 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

Germany's services sector contracted for the first time this year and France's shrank more than first estimated. Japan proved an outlier as service sector activity expanded there at its quickest pace in three months, underpinned by robust consumer spending as inbound tourism regained momentum. "August's services PMI pointed to a contraction in UK private sector activity. ASIAN PAINChina's Caixin/S&P Global services PMI dropped to 51.8 in August from 54.1 in July, the lowest reading since December when COVID-19 confined many consumers to their homes. The data broadly aligned with the official services PMI released last week, which showed the sector continued to trend downwards.

Persons: Henry Nicholls, Adrian Prettejohn, Martin Beck, Duncan Wrigley, Jonathan Cable, Tomasz Janowski Organizations: REUTERS, European Union, RBC, P Global, Capital Economics, PMI, Bank of Japan, Pantheon, Thomson Locations: London, Britain, India, Japan, Asia, July's, Germany, France, Italy, Spain, COVID

☆ ‘The Changeling’ Review: A Postpartum Horror Story
▼ + stars: | 2023-09-05 | by ( John Anderson | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/arts-culture/television/the-changeling-review-apple-tv-lakeith-stanfield-victor-lavalle-36f45b1d

Persons: Dow Jones, stanfield, lavalle, 36f45b1d

☆ GLOBAL ECONOMY Global business activity showed signs of slowdown in August -PMIs
▼ + stars: | 2023-09-05 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

CNN —Pope Francis urged Chinese Catholics to be “good citizens” and “good Christians,” a rare instance of the Holy Father publicly addressing the issue of religion in China. Mongolia is sandwiched between Russia, whose invasion of Ukraine Francis has publicly criticized, and China, an atheist state where religious practice is heavily curtailed by the government. And to the Chinese Catholics, I ask you to be good Christians and good citizens.”Pope Francis leads Mass at the Steppe Arena in Ulaanbaatar on Sunday. Pedro Pardo/AFP/Getty ImagesChina may be officially an atheist state, but religious practice is legal in the country – albeit under tight government supervision and surveillance. Francis landed in Mongolia Friday for a trip that has lacked the usual fanfare of a Papal visit.

Persons: Pope Francis, Francis ’, Pope, Ukraine Francis, Stephen Chow, Cardinal John Tong, ”, Francis, Hong, “, ” Pope Francis, Mass, Pedro Pardo, Pontiff Organizations: CNN, Hong Kong’s, Getty, Vatican News, Mongolian, Sunday Locations: China, Mongolian, Ulaanbaatar, Mongolia, Russia, Ukraine, Hong Kong, Vatican, Beijing, AFP, Russian

☆ ‘While We Watched’ Review: Muzzling the Media in Modi’s India
▼ + stars: | 2023-09-01 | by ( John Anderson | ) www.wsj.com time to read: 1 min

Ravish Kumar Photo: POVTV journalist Ravish Kumar is the inspiring and very beleaguered hero of “While We Watched,” though this “POV” documentary presentation might also have been called “Dharma for Dictators”: Don’t shut down the media, or declare it the enemy of the people. Just co-opt it to the point that nearly every broadcaster in the country, in this case India, is a propaganda tool of the beloved leader, in this case Prime Minister Narendra Modi .

Persons: Ravish Kumar, Don’t, Narendra Modi Locations: India

☆ This New Zealand city is trying to recruit Americans—what it's actually like to move there
▼ + stars: | 2023-08-31 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +4 min

If you've ever dreamt about moving abroad, the capital city of New Zealand just made it easier. Wellington tends to attract early-career workers and those in search of a better balance, Allen says: "Here, people are more relaxed in their work life. Jon Kroll moved from LA to Wellington, New Zealand, in 2022. New quality of life boost is 'off the charts'Kroll says the cost of living is pretty comparable to life in LA. Want to be smarter and more successful with your money, work & life?

Persons: John Allen, Allen, That's, Wellington Jon Kroll, Jon Kroll, Karen Kroll Kroll, Karen, Kroll, Warren Buffett Organizations: New Zealand, U.S, FIFA, WellingtonNZ, Wellington Locations: New Zealand, Wellington, Australia, LA, Los Angeles, Wellington , New Zealand

☆ 'Where ambition goes to die': These tech workers flocked to Austin during the pandemic. Now they're desperate to get out.
▼ + stars: | 2023-08-31 | by ( Ben Bergman | Jordan Pandy | ) www.businessinsider.com time to read: +11 min

Many tech workers in California moved to Austin during the pandemic in search of a new lifestyle. Some tech workers say they regret moving there, given its middling tech scene and "fake" atmosphere. They cited several contributing factors, including extreme temperatures, traffic, overcrowding, and — perhaps most surprising — a middling tech scene that fails to live up to the hype. From Silicon Valley to the Silicon HillsNot long ago, Austin's tech scene was ascendant, with national headlines suggesting it could take on Silicon Valley. He acknowledged there's not much of a tech scene there but will take that over what he perceived as Austin's smoke and mirrors.

Persons: Austin, Mike Chang, Chang, Tesla, Danielle Fountain, Fountain, Elon Musk, Jim Breyer, Joe Lonsdale, Bill Gurley, Musk, Gurley, Emily Chang, John Andrew Entwistle, who's, John Andrew Entwistle Entwistle, Entwistle, oversold, Nicholas Falldine, there's, Nick Thomas, Austin doesn't, Thomas, he's, Sam Parr, I'm, Sheharyar, Redfin, Bokhari, It's, frolic Organizations: Oracle, Facebook, Google, Apple, Breyer Capital, Austin Chamber, Austin, Lone Star, US Postal Service Locations: California, Austin, Los Angeles, Bay, Silicon, Silicon Valley, Austin's, Palo Alto, Westchester County , New York, Fayetteville , Arkansas, Austin , Texas, San Francisco

☆ ‘Live to 100: Secrets of the Blue Zones’ Review: Lessons in Longevity
▼ + stars: | 2023-08-30 | by ( John Anderson | ) www.wsj.com time to read: 1 min

Victor Chan Photo: NetflixAsk most people if they want to live to be 100 and the response is likely to be “Sure!” followed by “Wait a sec . .” Questions suddenly abound: Am I going to be healthy? Am I going to be lonely? Will I be financially stable? What author-researcher Dan Buettner set out to demonstrate in “Live to 100: Secrets of the Blue Zones” is that the solutions to those concerns are also the keys to longevity itself.

Persons: Victor Chan, “, Dan Buettner Organizations: Netflix

☆ Bitcoin hits two-week peak after Grayscale spot bitcoin ETF ruling
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

Representations of cryptocurrency Bitcoin are placed on a PC motherboard, in this illustration taken June 16, 2023. "Despite the inevitable SEC appeal, to our mind there is no doubt now, spot BTC ETFs are coming to the US. He also expects pent up U.S. demand to positively impact bitcoin prices and help global acknowledgement of crypto as a new asset class. The SEC last year rejected Grayscale's application for a spot bitcoin ETF, arguing the proposal did not meet anti-fraud and investor protection standards. So far this month and despite Tuesday's sharp gains, both bitcoin and ether were down 6% and nearly 8%, respectively.

Persons: Dado Ruvic, Tim Bevan, Gertrude Chavez, Dreyfuss, Tom Wilson, Alun John, Josie Kao Organizations: REUTERS, Securities and Exchange Commission, SEC, District of Columbia, BTC, ETC Group, U.S, Supreme, Fidelity, Federal Reserve, Thomson Locations: District, Washington, New York, London

BMO, which bought U.S. regional lender Bank of the West earlier this year, said provision for credit losses rose to C$492 million ($361.42 million), compared with C$136 million a year ago. The bank's earnings were also affected by severance costs of C$162 million and C$83 million in legal provisions at its capital markets unit. At Bank of Montreal, net interest income for the quarter rose to C$4.91 billion, compared with C$4.20 billion last year. At Scotiabank net interest income fell to C$4.58 billion, from $4.68 billion a year ago, largely hurt by lower corporate lending and lower loan fees. At Scotiabank, net income came in at C$2.23 billion, compared with C$2.61 billion.

Persons: Carlos Osorio, Tayfun Tuzun, BMO's, Scott Thomson, Thomson, John Aiken, BMO's Tuzun, Nivedita Balu, Pritam Biswas, Sri Hari, Shweta Agarwal, Bernadette Baum, Mike Harrison, Jonathan Oatis Organizations: Bank of Montreal, REUTERS, Bank of Nova, Bank of Canada's, BMO, Bank, Scotiabank, Barclays, Bank of, Analysts, Thomson Locations: Toronto , Ontario, Canada, Bank of Nova Scotia, Toronto, U.S, Mexico, Bank of Montreal, Bengaluru

☆ ‘Once Upon a Time in Northern Ireland’ Review: The Troubles’ Survivors Speak
▼ + stars: | 2023-08-25 | by ( John Anderson | ) www.wsj.com time to read: 1 min

Young rioters in Belfast in support of the Irish Republican hunger striker Bobby Sands in 1981 Photo: Peter Marlow / Magnum PhotosThe “Troubles” that beset Northern Ireland for three decades have hardly been neglected by TV and movies over the years, so encountering the five-part “Once Upon a Time in Northern Ireland” on PBS might raise a question about timing. This year does mark the 25th anniversary of the Good Friday Agreement, which was signed in 1998, but the peace has never been easy, not enough to risk old wounds being reopened. But the answer to “Why right now?” becomes obvious fairly early in the series, “right now” being the only time this particular study could have been done.

Persons: Bobby Sands, Peter Marlow Organizations: Republican, Northern Ireland ”, PBS Locations: Belfast, Northern Ireland

☆ ‘Wayne Shorter: Zero Gravity’ Review: A Jazz Mystic
▼ + stars: | 2023-08-25 | by ( John Anderson | ) www.wsj.com time to read: 1 min

Wayne Shorter Photo: Prime VideoAt the end of “Portal 1”—as episodes of “ Wayne Shorter : Zero Gravity” are designated—bassist Dave Holland recalls a comment by the late, great saxophonist-composer at the heart of the series. “I wonder what happens when you get to the end of the universe,” mused Mr. Shorter, whose life and career were spent traveling along the edge of the art-jazz cosmos; it seems perfectly reasonable that an astrophysicist ( Neil deGrasse Tyson ) should be among the prominent players in a Shorter story. And one of the intoxicating things about “Zero Gravity” is that writer-director Dorsay Alavi not only appreciates her subject’s space-child inclinations, but makes them an essential part of her musical, celestial, must-see documentary.

Persons: Wayne Shorter, —, “ Wayne Shorter, Dave Holland, Shorter, Neil deGrasse Tyson, Dorsay Alavi

☆ Momentum growing for ECB rate hike pause as growth falters -sources
▼ + stars: | 2023-08-25 | by ( Balazs Koranyi | ) www.reuters.com time to read: +4 min

"The number of voices advocating a pause is multiplying as the data roll in," said one of the sources, who asked not to be named. Several of the sources said they saw chances evenly split between a hike and a pause, while a smaller number saw a pause as more likely. But none said they saw a hike as the most likely outcome, even if that was their preference. That marks a distinct shift from six weeks ago when a hike was still seen as most likely in September. Arguments for a pause centre on growing recession fears, the rapid deterioration of China's growth outlook, benign wage growth readings and arguments that past ECB hikes are increasingly working their way through the economy.

Persons: Wolfgang Rattay, JACKSON, Jackson, Balazs Koranyi, Mark John, Catherine Evans Organizations: European Central Bank, REUTERS, Central Bank, ECB, U.S, U.S . Federal, Employment, Thomson Locations: Frankfurt, Germany, , Wyoming, Europe, U.S .

Competition for buy-side jobs, including at private equity firms and hedge funds, can be fierce. Insider identified the 13 recruiting firms aspiring dealmakers and traders should know for a buy-side job. The buy-side hiring spree is expected to continue despite a slowdown in mergers and acquisitions — a cornerstone of private equity investing. BellCast Partners works with mega funds, middle market funds, infrastructure funds, impact funds, real estate private equity funds, sector-focused funds, sovereign wealth funds, family offices, and credit funds. Today it does searches in private equity, growth equity, distressed, credit, venture capital, hedge funds, family offices, and select investment banks.

Persons: headhunting, Brain O'Callaghan, John Arbolino, Arbolino, Amity, Pamela Esterson, Susanna Nichols, Nichols, Esterson, Danielle Caston Strazzini, Alison Bellino Johnson, BellCast, Caston Strazzini, Jill Pierce, Spencer Stuart, Pierce, —, Brian O'Callaghan, it's, Renee Hylton, Keith Mann, Josh Grauer, Grauer, Mann, Adam Zoia, Annette Krassner, Katie Cunningham, Sarah Armstrong, Cunningham, Armstrong, Anna Brady, Janelle Matthews, Beth Grossman, Brady, they've, Morgan Stanley Eleni Henkel, Henkel, Leah Trabich, HSP, Carlyle, Warburg Pincus, Adam Kahn, Kahn, Anthony Keizner, Keizner, Nina Swift, Marty Brady, Vedica Qalbani, Qalbani, Lindsey Mead, Jessica Wu, Michael Garmisa, SearchOne, Sheri Gellman, Gellman Organizations: Citadel, nab, Boothroyd, Co, Wall, Amity Search Partners, Palm Beach Staff, SG Partners, Bain Capital, Centerbridge Partners, Trian Partners, BellCast, Charlotte Staff, CPI, BellCast Partners, Investor Relations, Nashville, San Francisco, Wharton, Harvard, Stanford, New York Staff, Partners, San Francisco Staff, Los Angeles Staff, TPG, Thoma Bravo, Bessemer Venture Partners, EQT, Elliott, Equity, KKR, ICONIQ, Spectrum Equity, Henkel Search, Search Partners, New York, Oxbridge, Nashville Staff, Time Warner, Indiana University, SG Locations: New York, San Francisco, Austin, San Diego, Chicago, Los Angeles , New York, Phoenix, West Coast, Los Angeles, NYC, California, United States, Boston, Dallas, Atlanta, Columbia, Latin America, Asia, Europe, San Francisco , New York, Bay, Gold, Los Angeles , Greenwich, Nashville, Amity, South Florida

The country's second-largest bank Toronto-Dominion Bank (TD.TO), however, missed Bay Street estimates for quarterly profit hurt by higher expenses and rainy day funds to cover for unpaid loans. The bank's earnings were also impacted by a C$306 million charge related to the termination of its First Horizon acquisition. "The higher interest rate would put pressure on the consumer. The banks set aside more money for bad loans compared to the prior quarter as consumers struggle to make payments amid high costs of living. RBC set aside C$616 million for credit losses, up from C$340 million a year ago, and TD set aside C$766 million, a jump from C$351 million.

Persons: Mark Blinch, Dave McKay, John Aiken, Kelvin Tran, Nivedita Balu, Sri Hari, Pritam Biswas, Shilpi Majumdar, Mark Potter Organizations: Royal Bank of Canada, REUTERS, RBC, Barclays, Dominion Bank, The Bank of Canada, Thomson Locations: Toronto, Canada, Sri, Bengaluru

☆ Opinion | Trump’s Shadow Over the Republican Debate
▼ + stars: | 2023-08-24 | by ( ) www.nytimes.com time to read: +1 min

Debate Stage Was Complete and Utter Moral Cowardice” (Opinion, nytimes.com, Aug. 24):Frank Bruni is on target regarding those candidates who raised their hands in support of a Donald Trump candidacy, even if he is convicted. Sadly, those same candidates have a realistic understanding of the leadership cult that is today’s Republican Party. Donald Trump is a great admirer of the vindictive Vladimir Putin, who demands unconditional, one-way loyalty. Stephen SanderPennsbury Township, Pa.To the Editor:Re “Ramaswamy Seizes Spotlight as DeSantis Hangs Back: 7 Debate Takeaways” (nytimes.com, Aug. 24):Vivek Ramaswamy’s performance at the first G.O.P. presidential debate showed that he learned a lesson from the success of Donald Trump in capturing the Republican Party nomination in 2016: The more outrageous you are, the more attention you will get.

Persons: ”, Frank Bruni, Donald Trump, Vladimir Putin, Stephen Sander Pennsbury, Ramaswamy, Vivek, John A, “ Trump, Tucker Carlson, Carlson Organizations: Republican Party, Rivals, Capitol Locations: Pa, Laurel, N.Y

"We are seeing evidence of slowing labor markets as evidenced by slowing wage growth, lower job postings and an increase in Canadian unemployment. The country's second-largest bank Toronto-Dominion Bank (TD.TO), however, missed analysts' estimates for quarterly profit, which was hurt by higher expenses, rainy day funds to cover for unpaid loans and weakness in its U.S. business. RBC reported adjusted earnings of C$2.84 per share, beating analysts' estimates of C$2.71 per share, according to Refinitiv data. The bank's earnings were also impacted by a C$306 million payment related to the termination of its First Horizon acquisition. RBC and TD together account for half of the market share among the big six Canadian banks with a market capitalization of C$168 billion and C$151 billion respectively.

Persons: Dave McKay, McKay, May, John Aiken, Kelvin Tran, TD, Nivedita Balu, Manya Saini, Sri Hari, Pritam Biswas, Shilpi Majumdar, Mark Potter, Sharon Singleton Organizations: Royal Bank of Canada, RBC, Barclays, Dominion Bank, Bank of Canada, Thomson Locations: China, Toronto, Canada, Bengaluru

☆ Opinion: How the words of ‘I Have a Dream’ soared and challenged the nation 60 years ago
▼ + stars: | 2023-08-23 | by ( John | ) edition.cnn.com time to read: +9 min

“It really shocked me,” Jones recalled. “Mahalia Jackson was his favorite gospel singer,” Jones recalled. “He took the written text … and shoved it to the side of the podium,” Jones recalled. Thank God almighty, we are free at last.”As the thunderous applause passed, “Martin looked at me and said, ‘How do you think I did?’ ” Jones recalled. King and Rabbi Abraham Heschel standing in the middle room, they’re both sobbing,” Jones recalled.

Persons: John Avlon, “, Martin Luther King Jr, Franklin D, Roosevelt, Kennedy, Reagan, Clarence B, Jones, King, ”, ” Jones, King “, …, Martin, Lincoln – “, Mahalia Jackson, “ Mahalia Jackson, Dora McDonald, Mahalia, Martin Luther King, Jr, Liz Hafalia, Jackson, hadn’t, he’d, ” King, Georgia ”, “ Martin, Rabbi Joachim Prinz, Abraham Joshua Heschel, “ Dr, Rabbi Abraham Heschel, Clarence, ” Clarence Jones Organizations: CNN, Lions, Washington, Kennedy White House, Willard, Lincoln, Lincoln –, University of San, San Francisco Chronicle, Martin Luther King Jr . Research, Education Institute, Stanford University, Civil Rights Movement, Twitter, Facebook Locations: “ Lincoln, Lincoln, Washington, Independence, University of San Francisco, Detroit, New Hampshire, Georgia, Hitler’s Germany, America, Catskill

☆ A couple bought an abandoned farm in Portugal for $103,000 and turned it into an off-the-grid homestead where they're raising 2 small kids — see how they did it
▼ + stars: | 2023-08-23 | by ( Amanda Goh | ) www.businessinsider.com time to read: +15 min

A couple moved from the UK to Portugal to live on an abandoned farm they bought for $103,000. The couple moved from the UK to Portugal to restore and live on an abandoned farm. The couple fell in love with the second property they viewed — an abandoned farm set on three acres of land. The couple — who were living and traveling around in a van at that time — bought the farm for 95,000 euros, or about $103,000. The Newbys have been documenting every step of their Portuguese farm renovation on their YouTube channel.

Persons: Tara Newby, They've, Tara, —, Sawyer, John, we've, Portugal's, John said, who've, they've, you'll, We've Organizations: Service, YouTube, Google Locations: Portugal, Wall, Silicon, Lisbon, England, Bristol, Zimbabwe, Tanzania, Antarctica, Europe

The case is the latest example of the Federal Trade Commission cracking down on deceptive e-commerce consultancies that target consumers and fledgling online businesses. The Cresto brothers also took 35% of any profits from their "partners'" e-commerce stores, the complaint says. The suspensions left Empire's clients deeply in debt, the FTC alleged, "because Empire typically had its clients pay for inventory on credit cards." The scheme is ongoing and defrauding consumers of tens of thousands of dollars, according to the FTC. Amazon and Walmart did not immediately respond to CNBC's requests for comment.

Persons: John, Roman Cresto, Ecommerce Organizations: Amazon, Walmart, Federal Trade Commission, FTC, Southern, Southern District of Locations: U.S, Southern District, Southern District of California, Italy

☆ Some former mobsters who were prosecuted by Rudy Giuliani are thrilled that the ex-Trump attorney got hit with RICO charges, mob lawyers say: report
▼ + stars: | 2023-08-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +4 min

Rudy Giuliani gained notoriety as a prosecutor for going after New York City mafias in the 1980s. Recently, he was indicted on RICO charges — the same prosecutorial tool he used to take down mafias. A lawyer who represented prominent New York mobsters said his clients are "fucking thrilled." "I don't want to say the language, but they really ripped Rudy a new a------," he told the outlet. Former New York City Mayor Bill de Blasio, who witnessed Giuliani's political rise in the city, also chimed in and told Politico that the indictment was "more than Shakespearean."

Persons: Rudy Giuliani, Giuliani, Donald Trump, Georgia's, Murray Richman, Genovese, Rudy, Jeffrey Lichtman, Gambino, John Gotti, Lichtman, Ted Goodman, Rudy Giuliani fearlessly, Murray Richmond, John Alite, Alite, Richman, Trump, — Rudy, Bill de Blasio, de Blasio Organizations: New York City mafias, New York mobsters, Service, Racketeer, La, La Cosa Nostra, Trump, Former New York, Politico Locations: New York City, Wall, Silicon, New York, La Cosa, Former New York City, Giuliani

☆ Nick Hornby Reviews a Short History of the Beatles Before the Band
▼ + stars: | 2023-08-18 | by ( Nick Hornby | ) www.nytimes.com time to read: +2 min

THIS BOY: The Early Lives of John Lennon & Paul McCartney, by Ilene CooperIn the early 1980s I was an English teacher at a high school in Cambridge, England. “He introduced John Lennon to Paul McCartney.” I stared at him. Vaughan invented fame. Introducing Paul to John was like introducing ketchup to fries, or causing the Big Bang. By the time John and Paul were 10 and 8, respectively, only 7 percent of 17-year-olds were in school.

Persons: John Lennon, Paul McCartney, Ilene Cooper, Ivan Vaughan, ”, Vaughan, Paul, John, Paul McCartney ”, “, Cooper, Little Richard, Elvis Presley, Peter Sellers, Starchy George Martin Locations: Cambridge, England, Woolton, Liverpool, American

The Adyen share plunge "was because expectations were much higher. Analysts believed that Adyen would take significantly more share in this difficult market environment," said Jefferies equity analyst Hannes Leitner. Was the share price reaction justified? One European equities trader, who asked not to be named, noted there were orders to sell Adyen shares at any price and referred to "apocalypse selling." According to data from Refinitiv, 17 analysts rated Adyen "buy", 12 "hold", and 4 "sell" before the earnings announcement.

Persons: Eva Plevier, Jefferies, Hannes Leitner, Refinitiv, Adyen, Worldline, Italy's, Marco Simion, Pieter van der, ”, Samuel Indyk, Elizabeth Howcroft, Danilo Masoni, Toby Sterling, Dhara, Alun John, Cynthia Osterman Organizations: REUTERS, Analysts, Citigroup, UBS, KPMG, Privately, Thomson Locations: Amsterdam, Netherlands, MILAN, North America, Swiss, Adyen, EMEA, Refinitiv, London, Milan

☆ Analysis: A year on, Europe less fearful of U.S. green subsidies push
▼ + stars: | 2023-08-17 | by ( Jan Strupczewski | Thomson Reuters | Jan Is The Acting Bureau Chief In Brussels. He Has Been Covering European Union Policy | ) www.reuters.com time to read: +6 min

Solar panels are seen atop a hops plantation in the Bavarian Holledau region in Au, Germany, June 19, 2023. And already, those subsidies are flowing: German conglomerate Thyssenkrupp (TKAG.DE) will invest around 3 billion euros ($3.27 billion) in a proposed green steel plant in Duisburg, Germany, including over 2 billion euros in state subsidies given EU approval in late July. But it noted the U.S. model also had uncertainty built in because a change of administration could end IRA subsidies. The complexity of EU financing through the recovery fund means it is available only to bigger companies, leaving smaller firms struggling to benefit. ($1 = 0.9184 euros)Reporting by Jan Strupczewski; editing by Mark John and Susan FentonOur Standards: The Thomson Reuters Trust Principles.

Persons: Louisa, Joe Biden's, Biden, Niclas Poitiers, Jan Strupczewski, Mark John, Susan Fenton Organizations: REUTERS, United States, Union, Biden, EU, Zero Industry, European Commission, Sovereignty Fund, Ukraine, Russian, EV, Zero, Thomson Locations: Bavarian, Au, Germany, EU, BRUSSELS, United, Europe, Ukraine, Brussels, United States, Duisburg, U.S, France, China

☆ An ex-Mafia hitman says Trump and Giuliani shouldn't face RICO charges because they aren't real criminals like he was
▼ + stars: | 2023-08-15 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

An ex-mobster called it "disgusting" that Donald Trump is facing a RICO charge like the one he pleaded guilty to. Trump and allies like Rudy Giuliani have been indicted on RICO charges famously used against the mafia. If the former president or his co-defendants are convicted of the RICO charges in Georgia, they could face between five and 20 years behind bars. Former New York City mayor Rudy Giuliani. AP Photo/Patrick Semansky, File"The reason why I am speaking up for Giuliani and Trump is because they're not me.

Persons: Donald Trump, Gambino, John Alite, Trump, Rudy Giuliani, turncoat, Alite —, —, Donald Trump Alex Brandon, Giuliani, Alite, Patrick Semansky, they're, They're, he's Organizations: Service, Trump, AP, New York City, Prosecutors, Former New York City, Giuliani Locations: Wall, Silicon, Georgia, Florida, Queens , New York, Trump's Georgia, Brazil, New York

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