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☆ China Evergrande's EV unit shares plunge 69% after 16-month halt
▼ + stars: | 2023-07-28 | by ( Clare Jim | ) www.reuters.com time to read: +2 min

HONG KONG, July 28 (Reuters) - Shares of China Evergrande New Energy Vehicle Group (NEV) (0708.HK) plunged on Friday as trading resumed nearly 16 months after the stock was suspended pending the release of financial results. Resumption of trading in the shares is one step forward for its embattled parent China Evergrande Group (3333.HK), whose offshore debt restructuring plan includes swapping part of the debt into equity-linked instruments backed by the group, Evergrande NEV and another unit, Evergrande Property Services. Shares of Evergrande Group, laden with $330 billion in total liabilities, and its services arm (6666.HK) have remained suspended since March 2022. Shares of Evergrande NEV sank as much as 69% to HK$1 in early trading, down from HK$3.2 on its last closing date of April 1, 2022. That compares to a 19% rise in Chinese EV giant BYD Co and 27% drop in EV startup Xpeng Inc (9868.HK) during the 16-month period.

Persons: Evergrande NEV, NEV, Clare Jim, Jacqueline, Jamie Freed, Kim Coghill Organizations: Energy Vehicle Group, HK, China Evergrande, Evergrande, Hong, Shanghai, Thomson Locations: HONG KONG, China, Hong Kong, Tianjin

☆ Bearish traders swarm AMC options as stock conversion plan faces doubts
▼ + stars: | 2023-07-28 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

NEW YORK, July 28 (Reuters) - Shares of AMC Entertainment Holdings Inc (AMC.N) have been hit by a wave of bearish options bets amid uncertainty over the company's stock conversion plan. While the common shares finished Thursday at $4.52, the APE preferred shares ended the session at $1.86. The move sent AMC’s shares higher, disappointing bearish traders who expected news of a conversion to tank the price. Still, options traders appear to be powering on with their bearish wagers, in effect betting the conversion will eventually go through. On Thursday, AMC shares finished down 10%, while APE shares rose 6%.

Persons: Steve Sosnick, Brent Kochuba, Garrett DeSimone, Saqib Iqbal Ahmed, Ira Iosebashvili, Diane Craft Organizations: YORK, AMC Entertainment Holdings Inc, AMC, Trade, Reuters, New York Stock Exchange, Interactive Brokers, Thomson Locations: Ortex, OptionMetrics

SummaryCompanies Casino cut supermarket food prices by 10% on averagePARIS, July 27 (Reuters) - Cash-strapped retailer Casino (CASP.PA) swung to a loss of 233 million euros ($258.5 million) for the first half as falling sales and price cuts at its hypermarkets and supermarkets dented its core French business. The French retailer's group operating loss came after a profit of 166 million euros in the first half of 2022, with its operations in France posting a loss of 299 million euros. Consolidated group net sales fell 1.2% like for like in the second quarter to 5.5 billion euros, with retail sales in France down 4.2%. "We don't intend to go further," Lubek said when asked about possible further price cuts. Group net debt at end June-2023 was 6.1 billion euros against 6.0 billion at end June-2022.

Persons: Daniel Kretinsky, Jean, Charles Naouri, David Lubek, Lubek, France's, Dominique Vidalon, Kim Coghill Organizations: Casino, Finance, Consolidated, Thomson Locations: PARIS, French, France, Lincoln

REUTERS/Dado Ruvic/IllustrationLONDON, July 28 (Reuters) - Corporate credit quality is weaker than financial markets currently price in, while defaults are likely to pick up in the second half of the year, a report by Janus Henderson Investors said on Friday. Tighter lending standards, higher refinancing costs and a slowing economy would take their toll on the credit quality of corporates, the report said. This suggests that defaults could pick up in the second half, even if the pace of defaults is slower than in previous cycles, it added. Additionally, a recent trend of small businesses being forced to file for bankruptcy is likely to spread more broadly into capital markets, Janus Henderson noted. "As recession fears scaled back, markets have been pricing in a more muted credit default cycle.

Persons: Dado Ruvic, Janus Henderson, Jim Cielinski, Chiara Elisei, Dhara Ranasinghe, Conor Humphries Organizations: REUTERS, Janus Henderson Investors, P Global, U.S, Casino, Thomson Locations: industrials

☆ Court Rejects New Sentencing for Al Qaeda Recruiter
▼ + stars: | 2023-07-26 | by ( Carol Rosenberg | More About Carol Rosenberg | ) www.nytimes.com time to read: +1 min

A federal appeals court on Tuesday rejected a bid by a Yemeni prisoner at Guantánamo Bay to have a new military jury reconsider his life sentence for conspiring to commit war crimes as a propaganda chief for Al Qaeda and an aide to Osama bin Laden. Earlier appeals struck down two of the three crimes for which Ali Hamza al-Bahlul was convicted in 2008. His lawyer, Michel Paradis, had argued that a new sentencing jury should be assembled at the base to hear evidence and arguments on whether his remaining conspiracy conviction deserved a lesser sentence. Mr. Paradis also sought reconsideration of the sentence because, a year after Mr. Bahlul’s trial, Guantánamo’s military commission system was overhauled to explicitly prohibit the use of evidence “obtained by the use of torture or by cruel, inhuman, or degrading treatment.”A three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit said that the sentence should stand and that the prisoner’s lawyers brought up the question of torture too late in the appellate process.

Persons: Osama bin Laden, Ali Hamza al, Bahlul, Michel Paradis, Paradis, Bahlul’s, “, ” Organizations: Al, U.S ., Appeals, District of Columbia Circuit Locations: Guantánamo, Al Qaeda

☆ Federal Reserve Meeting Fed Expected to Resume Rate Increases
▼ + stars: | 2023-07-26 | by ( Jeanna Smialek | ) www.nytimes.com time to read: +7 min

The Federal Reserve has already raised its benchmark rate, the federal funds rate, to a range of 5 to 5.25 percent to rein in inflation, which is showing signs of slowing. The average credit card rate was 20.44 percent as of July 19, according to Bankrate.com, up from around 16 percent in March last year, when the Fed began its series of rate increases. The average rate on new car loans in June was 7.2 percent, up slightly from the start of the year, according to Edmunds.com. The average rate for an identical loan was 5 percent the same week in 2022. But yields on money market funds offered by brokerage firms are even more alluring because they have tracked the federal funds rate more closely.

Persons: ”, Anna N’Jie, Bankrate.com, Matt Schulz, Jonathan Smoke, that’s, —, Freddie Mac, Ken Tumin, DepositAccounts.com Organizations: Federal Reserve, Federal, Fed, Re, LendingTree, Cox Automotive, Treasury, Savings Vehicles Savers, Consumers, DepositAccounts.com Locations: Chicago

☆ IMF: Global economy is improving but inflation is still enemy No. 1
▼ + stars: | 2023-07-25 | by ( Alicia Wallace | ) edition.cnn.com time to read: +4 min

Minneapolis CNN —The global economy is showing more resilience than economists previously thought — but, although some risks have abated, choppy waters could still be ahead, the International Monetary Fund said Tuesday. In its latest update to its World Economic Outlook, the agency said it expects global growth of 3% in both 2023 and 2024. “Global economic activity has proven resilient in the first quarter of this year, leading to a modest upward revision for global growth in 2023,” Pierre-Olivier Gourinchas, the IMF’s chief economist, said in a statement. From 2000 to 2019, annual global economic growth averaged 3.8%, according to the IMF. When looking across the global economy, there are concerns that China’s recovery could slow further, as its debt-laden real estate sector weighs on growth, according to the report.

Persons: ” Pierre, Olivier Gourinchas, Chris Ratcliffe, ” Gourinchas, Gourinchas, “, ” Organizations: Minneapolis CNN, International Monetary Fund, Economic, IMF, Bloomberg, Getty, Publishing, Federal Reserve Locations: Minneapolis, Oxford, United Kingdom, United States, Europe, Ukraine, Germany, Yantai, Shandong province, China

☆ The 1975: Malaysia's LGBTQ community slams Matty Healy's onstage kiss
▼ + stars: | 2023-07-25 | by ( Jessie Yeung | ) edition.cnn.com time to read: +9 min

But for many in Malaysia’s LGBTQ community, it was quite the opposite. Advocates say Islamic laws have increasingly used to target the Southeast Asian country’s LGBTQ community, with a rise in arrests and punishments ranging from caning to jailing. Participants in a Womens Day March asking for greater rights in gender equality and recognition of the LGBTQ community in Kuala Lumpur, Malaysia on March 12, 2023. Just last year, Rose had helped organize a Halloween party attended by many members of the LGBTQ community – which was raided by the police, who detained a number of participants, she said. That’s not to say international musicians can’t speak up about LGBTQ rights in Malaysia.

Persons: Matty Healy, Ross MacDonald, Healy’s, Healy, MacDonald, ”, Carmen Rose, “, he’s, Thilaga Sulathireh, Rose, Zahim Mohd, NurPhoto, Sulathireh, That’s, can’t, Talitha Tan, “ Malaysia’s, ” Rose, Selena Gomez Organizations: CNN, ” CNN, Sisters, Womens, Coldplay, Malaysian Islamic Locations: British, Malaysia, Kuala, Kuala Lumpur, Malaysian, Indonesia, Taiwan, Jakarta, Taipei, ”, Rose, Asia

☆ Romp in the rain as American Harman wins Open
▼ + stars: | 2023-07-23 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

It's just always bugged me but I was really proud of the way that I struck the ball today. Few of the thousands huddled under a sea of umbrellas would have tipped world number 26 Harman to win before the tournament. Likewise, Young, Rahm, Day and England's Tommy Fleetwood were all unable to hole the putts that would have at least asked some questions of Harman's nerve. But not even a Merseyside monsoon could rain on Harman's parade as he enjoyed a victory march down the last. Shubhankar Sharma tied for eighth place to post the best finish by an Indian at the British Open -- one of only 22 players to finish an attritional Open under par.

Persons: Brian Harman, Phil Noble, Harman, Rahm, Straka, Kim, Brian Harman romped, Spain's Jon Rahm, Austria's Sepp Straka, Tom Kim, Jason Day, Rory McIlroy, Emiliano Grillo, Cameron Young, Brooks Koepka, McIlroy, Young, Tommy Fleetwood, Fleetwood, Scott Tway, Shubhankar Sharma, Martyn Herman, Ken Ferris Organizations: 151st, Royal, 151st Open, REUTERS, Royal Liverpool American, Sunday, Tour, Northern, Local, Thomson Locations: Royal Liverpool, Hoylake, Britain, England, Liverpool, Georgia, South, American, Austrian, Merseyside

CNN —A music festival in Malaysia has been canceled after the lead singer of British band The 1975 Matty Healy slammed the country’s anti-LGBTQ laws and kissed a bandmate on stage. The on-stage incident at the Good Vibes Festival in Kuala Lumpur on Friday night prompted the country’s Ministry of Communications to cancel the rest of the three-day event. Homosexual acts are illegal in Malaysia and punishable by fines and up to 20 years in prison. Healy added that the band considered canceling the show but decided against it to not disappoint the fans. In 2019, Healy kissed a male fan during a concert in Dubai, in defiance of the region’s anti-LGBT laws.

Persons: Matty Healy, Healy, “, ”, you’re, ” Healy, Ross MacDonald, It’s, – Healy Organizations: CNN, country’s Ministry of Communications, Ministry of Communications, Digital, Malaysian Home Affairs Ministry, Nazi, Kanye, Twitter Locations: Malaysia, Kuala Lumpur, Dubai

☆ Malaysia halts music festival after same-sex kiss by UK band The 1975
▼ + stars: | 2023-07-22 | by ( Rozanna Latiff | ) www.reuters.com time to read: +4 min

The 1975 have also been banned from performing in Malaysia, said a government committee that oversees filming and performances by foreigners. "I don't see the fucking point ... of inviting The 1975 to a country and then telling us who we can have sex with." Festival organiser Future Sound Asia apologised for the cancellation of the show following Healy's "controversial conduct and remarks". Communications Minister Fahmi said Malaysia was committed to supporting the development of creative industries and freedom of expression. The Jakarta festival's organisers did not immediately respond to requests for comment on whether the band would play.

Persons: disparages, Fahmi Fadzil, Healy, Ross MacDonald, we've, Regrettably, Fahmi, Matt Healy, Carmen Rose, Anwar Ibrahim's, Rozanna Latiff, Bernadette Christina, William Mallard, Robert Birsel Organizations: Communications, Rights, United Arab Emirates, Sound, Twitter, Malay, Thomson Locations: KUALA LUMPUR, Kuala Lumpur, Malaysia, Malaysian, Jakarta, Indonesia

☆ She broke up with her boyfriend and moved in with a man she’d known for 3 weeks. Here’s what happened
▼ + stars: | 2023-07-21 | by ( Francesca Street | ) edition.cnn.com time to read: +20 min

“As I come into the yard, I get greeted by two beautiful, amazing, fluffy dogs wagging their tails,” recalls Liesbet. “We talked a little bit – and a little bit turned into an hour,” recalls Liesbet. Liesbet Collaert“We went out for drinks,” recalls Liesbet, “Mark was a sailor and took us all out sailing. “I go up to the apartment door and the door was unlocked, which was a little bit odd,” recalls Mark. Liesbet CollaertAbout a month after she’d moved in with Mark, Liesbet flew with him to the East Coast to meet his family.

Persons: Liesbet Collaert, She’d, Karl, Liesbet, Karl’s, Nik, ”, Mark, “ Mark Kilty, “, He’d, –, hadn’t, she’d, he’d, ” Mark, “ Mark, “ Karl, Collaert Karl, – it’d, they’d, Here's, didn’t, you’d, ’, “ I’ll, couldn’t, Here's Liesbet, Liesbet’s, Liesbet Collaert Liesbet, “ You’re, Karl –, ’ ”, they’ve, Mark Kilty, we’ve, She’s, San Francisco – Organizations: CNN, “, CNN Travel, San, ” Locations: San Francisco , California, North America, Australia, Belgium, San Francisco, East Coast, California, Bay, Grenada, Mexico, Martinique, ., Mark’s, East, South America, Costa Rica, Central America, Panama, Texas, Honduras, Austin, Bahamas, Dominican Republic, Polynesia, Liesbet, St, Maarten, Tahiti, Cotopaxi, Ecuador

☆ Factbox: Corporate debt woes are on the rise
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +4 min

Size of debt: 14 billion pounds ($18.33 billion). The firm said earlier in July shareholders would provide 750 million pounds, but warned it would need an extra 2.5 billion pounds between 2025-2030. Size of debt: 6.4 billion euros ($7.19 billion) in net debt. What's at stake: Casino faces 3 billion euros of debt repayments in the next two years, with rating agencies Moody's and Standard & Poor's warning a default is likely. Deadlines to watch: Casino aims to secure an agreement with creditors by July 27.

Persons: Toby Melville, What's, Jean, Charles Naouri, Casino, Daniel Kretinsky, Kretinsky, Chiara Elisei, Dhara, Christina Fincher Organizations: Thames, REUTERS, Water, Casino, SBB, Thomson Locations: London, Britain, LONDON, Sweden, France, England, Czech, Brookfield, Spain, Barcelona

The blasts were the second time the Kerch Strait Bridge has been hit in 10 months. Russia on Monday accused Ukraine of using maritime drones to assault the bridge, a strategic link for Russian forces fighting in southern Ukraine. Ukrainian officials celebrated the attack, but neither claimed nor denied responsibility for the blasts. Hours after the attack, Moscow announced that it was pulling out of the Black Sea grain deal, an agreement that had allowed Ukraine to export its grain by sea despite Moscow’s naval blockade. Dmitri S. Peskov, the Kremlin’s spokesman, said the bridge attack was not related to Russia’s decision to suspend its participation in the deal, which had helped keep global food prices stable.

Persons: Vladimir V, Dmitri S Organizations: Monday Locations: Crimean, Russia, Kerch, Ukraine, Moscow

☆ Drone boats give Ukraine a cheap, 'asymmetric' edge against Russia and may have just damaged a key bridge
▼ + stars: | 2023-07-17 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Waterborne drones are an inexpensive asset, giving Ukraine an "asymmetric" naval edge against Russia. Russia blamed Ukraine for using the drones to attack the Kerch Strait Bridge in Crimea on Monday. Waterborne drones are also inexpensive and devastating, and there are indications they were used to damage a key Russian bridge into Crimea. An anonymous source from Ukraine's Security Service also confirmed to CNN that Ukraine's naval drones carried out the attack, as did a state official. "Ukraine exploited its [the Kerch Strait Bridge] vulnerability by launching relatively cheap and inexpensive USVs in what turned out to be a successful attack," Bendett said.

Persons: There's, Samuel Bendett, —, Bendett Organizations: Service, Ukraine, Security Service, Ukraine's Security Service, CNN, Center for Naval Analyses, Russia, Kyiv, Getty Locations: Ukraine, Russia, Kerch, Crimea, Wall, Silicon, China, AFP, Moscow, Kyiv

The Kerch Strait Bridge that links the Crimean Peninsula to mainland Russia, in March. Russian officials blamed Ukraine for the attack on the Kerch Strait Bridge. Ukrainian officials offered no comment on the incident. Video and photographs verified by The Times showed damage to both sides of the road bridge, with the most significant being along a span of the bridge heading into Russia. The attack came as Ukrainian forces were engaged in an ambitious and grinding counteroffensive aimed at driving Russian forces from southern Ukraine.

Persons: Yusov, ”, Vladimir Rogov, Vladimir Konstantinov, Sergei Aksyonov, —, Vyacheslav Gladkov, Aksyonov, Mazaeva, Ivan Nechepurenko Organizations: The Times, Ministry, Transport, Russian Federation, Ukrainian, Crimean Locations: Kerch, Crimean, Russia, Ukraine, Russian, Moscow, Crimea, Sevastopol, Belgorod

☆ This 12-mile-bridge in Crimea is a lifeline for Russia's occupation, but attacks and damages are making it a headache for Moscow
▼ + stars: | 2023-07-17 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

The Kerch Bridge connecting Russia and Crimea was damaged by explosions on Monday morning. An attack on the Kerch Bridge is far from "an extraordinary event," as Sergey Aksyonov, the Russian-installed governor of Crimea, said, according to The Kyiv Post. The damage was so severe, Kerch Bridge was closed for normal vehicle traffic until February 2023 and railway traffic until May 2023. "There's been a huge push on the part of Russian authorities to really sustain and even increase tourism in occupied Crimea for economic reasons, and for an integration of occupied Crimea into the larger Russian system." But defending the Kerch Bridge is a logistical nightmare for Russia, prompting a hoard of questions.

Persons: Vladimir Putin, Putin, Karolina Hird, Evans Hanson, Sergey Aksyonov, Putin's, Samuel Bendett, ISW's Hird, There's, " Hird, who's, it's, Bendett, we've, Hird, that's Organizations: Service, Institute for, AP, Ukrainian Security, CNN, Center for Naval, International Affairs Group, Russia, Black, Fleet, Putin Locations: Kerch, Russia, Crimea, Wall, Silicon, Russian, Ukraine, Kyiv

☆ I've never faced a player like Alcaraz, says beaten Djokovic
▼ + stars: | 2023-07-16 | by ( Martyn Herman | ) www.reuters.com time to read: +4 min

LONDON, July 16 (Reuters) - Novak Djokovic has experienced everything possible on a tennis court during his trophy-laden 23-year career but said he has never faced a player quite like Carlos Alcaraz. "I didn't expect him to play so well this year on grass, but he's proven he's the best player in the world," Djokovic said after his 1-6 7-6(6) 6-1 3-6 6-4 defeat. I think he's got some nice sliding backhands, some similarities with my backhands. After outplaying Alcaraz in a one-sided first set, Djokovic then slugged out an 85-minute second and had a point for a two-set lead in the tiebreak but dumped a backhand into the net. "Set point, I missed the backhand.

Persons: Novak Djokovic, Carlos Alcaraz, Alcaraz, Rafa Nadal, Roger Federer, Margaret Court's, Casper Ruud, cramp, Djokovic, Andy Murray, Roger, Rafa, He's, we've, he's, Serbia's Novak Djokovic, Spain's Carlos Alcaraz, Dylan Martinez Djokovic, outplaying, Martyn Herman, Toby Davis Organizations: Court, Wimbledon, Djokovic, Lawn Tennis, Croquet Club, Thomson Locations: U.S, London, Britain

☆ Nizar Trabelsi: Ex-soccer player accused of planning suicide bomb attack acquitted
▼ + stars: | 2023-07-14 | by ( Kaanita Iyer | Holmes Lybrand | ) edition.cnn.com time to read: +3 min

22 years,” Trabelsi, a former professional soccer player in Germany, said after members of the jury left following his acquittal, according to his attorney. Trabelsi was extradited to the US in 2013 after being indicted by a US grand jury in 2006. However, Trabelsi said during his US trial that his past confessions were false, according to the Washington Post. Had he been convicted, the 52-year-old Trabelsi faced a maximum sentence of life in prison. In recent years, at least two men accused of backing or operating on behalf of al Qaeda and charged with conspiracy to murder US nationals have been found guilty.

Persons: CNN —, Osama bin Laden, Nizar, –, “ Innocent, ”, Trabelsi, “, Sabrina Shroff, “ Mr, ” Shroff, ” Patricia Hartman, al, Muhanad Mahmoud Al Farekh, Ibrahim Suleiman Adnan Adam Harun Organizations: CNN, Department, Al, Brogel Air Force Base, US, Prosecutors, United, Washington Post Locations: Al Qaeda, Europe, Washington, DC, Germany, Belgium, United States, Belgian, Pakistan, Qaeda, al Qaeda

July 13 (Reuters) - Qingdao city in China's debt-laden Shandong province has set up a company to bail out its cash-strapped local government financing vehicles (LGFVs), sources said, as regional governments rush to reduce debt risks in a wobbly economy. The government of Qingdao and the China Development Bank did not reply to Reuters' requests for comment. While no LGFV in China has defaulted in the public markets, cases of delinquencies in the private debt market are increasing, worrying Beijing. Tianjin LGFV bonds yield more than 514 bps over government bonds, compared with 200 bps for Shandong bonds, reflecting the elevated risks. Fund manager Zhou said although he is bullish on LGFV bonds, "the first priority is to be absolutely diversified in investment.

Persons: Qingdao's, Xi Jinping, LGFVs, Goldman Sachs, Zhai Jianye, Zhai, It's, Zhou Tingzuo, Ning Yong, Zhou, Samuel Shen, Jason Xue, Tom Westbrook, Vidya Ranganathan Organizations: Dongdin Industrial Group, China Development Bank, Southwest Securities, Agricultural Bank of China, China Construction Bank, Commercial Bank of China, SS, Shoupu Fund Management Co, Ning Yong Fu Fund Management, Thomson Locations: Qingdao, China's, Shandong, China, Shandong LGFVs, Beijing, Big, Jinan, Weifang, Liaoning, Hunan, Shanghai, Tianjin, Singapore

☆ How 'Birkin Bandit' George Mickum Infiltrated NYC Society
▼ + stars: | 2023-07-12 | by ( Kate Taylor | Anna Silman | ) www.businessinsider.com time to read: +52 min

"He would know people's weaknesses and what they wanted and somehow always have something to offer," a former close friend said. Another close friend said Mickum once gave her a $1,000 loan "within minutes" when she needed it because of a credit-card crisis. He never "let the truth get in the way of a good story," a former close friend said. Hermès bags, like the Birkin and the Kelly, have always been symbols of unattainable luxury. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later.

Persons: George Mickum strode, Carlyle, Patty Hearst, He'd, Mickum, Birkin, swilling, Patty's, Gillian Hearst, Mr, George Mickum, Gillian Hearst's, George, Sally Painter, who'd, Peter Davis, Jackie O, Barbara Walters, Alessia Fendi, influencer Hannah Stella, Nick Hissom, Steve Wynn, Hearst, they'd, Prince Charles, Anna Delvey, Patty Hearst's, Rumor, he'd, wasn't, Met Breuer, Peter Poopat, George Santos, Trinity, Elisabeth Thieriot, Thieriot, Hermes, —, Painter, Paul Mickum, George Mickum III, Sally, Painter's, Poopat, PJ Pascual, Patrick McMullan, Ramona Singer, Lauren Lawrence, Lawrence, Van Cleef, Nicole Salmasi, Trudy, Mike Vitelli, Eric Schmidt, Schmidt, Eric, R, Couri Hay, They're, Astor, William Randolph Hearst, Orson Welles, Kane, Gillian's, Bill Clinton, Patty, Bernard Shaw, Gillian, Lydia —, Shaw, Maxim, Lydia, Kane we're, Christian Simonds, Pierre, Krista Corl, Dee Dee, Scott Buccheit, Naeem Delbridge, Pascual, who's, We're, buttering, Simonds, Matthew Kehoe, England, — Hearst, Delbridge, Hearst's, Mario Glen Coco, Hearsts, Astrid Stawiarz, Tiger Woods, Ernie Els, Justin Timberlake, Joe Lewis, Buccheit, Mary McCarthy, Lillian Hellman, Mickum's, Christie Grimm, Steve, Kameron Ramirez, Hissom, Ramirez, Nick, Hunt, Damien Hirst, Douglas Elliman, Harry Winston, David Fiszel, invitees, Fiszel, Darian, Winston, Martha Stewart's, Mendel minks, Vacheron Constantin, Tao, Melinda French Gates, Shawn Mendes, Bill, Hillary Clinton, Neiman Marcus, Damien Hirst's, Damien, weren't, Kelly, Alexis Clarbour, Clarbour, Paul Wharton, you've, Wharton, Sean Zanni, Michael Coste, Hannah Stella, Coste's, Stella, Scott Fitzgerald, Coste, Goodman, Courroies Birkin, didn't, Aman, Cartier, Mickum's bluster, skeptically, satchel, Clarbour's, He's, We've, Sider, Philippe, Buccheit texted Pascual, he's, Hay, Café Carlyle, Alexander Hankin, Burisma, Hunter Biden, Mickum hasn't, There's, They've, Amy X, Wang, King Charles, Tracey Amon, Amon, GEORGE MICKUM Organizations: Hearst, Blue, Potomac, Hamptons, East, Met, University of Delaware, Southampton Bathing Corporation, Fields School, Georgetown Law, DC, Town &, New York Daily News, The New York Times, Google, Carnegie, Rockefeller, Cosmopolitan, Symbionese Liberation Army, Hearst Corporation, Vogue, Society of Memorial Sloan Kettering, Stockbridge Golf, New, Tiger, Tottenham, Douglas, Martha Stewart's Hamptons, Mickum, Projects, Madison, Getty, Antibes, Nike, Rue du Faubourg Saint, Couture, US, UN, New Yorkers, Avenue Couture, Hermès, Republican, Justice Department, Blue Star, Town, New York Times Magazine Locations: Bemelmans, Clinton, York, Palm, New, London, Manhattan, Dalton, Bay, Windsor Castle, Haute, Washington , DC, New York, Baccarat, The, San Francisco, Wilton , Connecticut, Side, Wyntoon, California, Buccheit, woodsy Stockbridge , Massachusetts, Stockbridge, Bahamas, Albany, Nobu, Martha, Peking, Paris, Istanbul, St, Georgetown, China, Italy, Hermès, Amalfi Coast, du, Midtown, brunch, Rue, Central Park, Mickum, Turkey, La, Café, Ukrainian, Ukraine

☆ They Know the Blessing and Curse of Warhol and Basquiat
▼ + stars: | 2023-07-11 | by ( Arthur Lubow | ) www.nytimes.com time to read: +1 min

Using her bare breasts as paintbrushes, Berlin, beginning in the ’70s, made “tit prints,” in which her pigment-laden aureoles produced forms that resemble balloons and angelfish. Even more scandalous are three of the chapbooks in which she kept drawings she cajoled artists into making of their penises. She was making the ‘tit prints’ without thinking of burning her bra. What really matters is what is in the work.”Like Powell, Berlin in many of her Polaroids documented the Warhol entourage. The show concludes with homages to Berlin made by artists today, including Francesco Clemente, Jenna Gribbon and Jane Kaplowitz.

Persons: Jasper Johns, Leonard Cohen, Dennis Hopper, Robert Smithson, Brice Marden, ” Gingeras, “, ”, Warhol, Gingeras, Willem de Kooning, John Cage, Francesco Clemente, Jenna Gribbon, Jane Kaplowitz Locations: Berlin, Powell

☆ Kretinsky to install former Metro and Lactalis exec at Casino if offer succeeds, Les Echos reports
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +1 min

PARIS, July 9 (Reuters) - Czech billionaire Daniel Kretinsky and his partners are prepared to hire former Metro (B4B.DE) and Lactalis executive Philippe Palazzi as the new boss of French supermarket chain Casino (CASP.PA), should their refinancing offer for the debt-laden company succeed, Les Echos reported on Sunday. Kretinsky could not immediately be reached for comment outside working hours. Kretinsky's offer is valid until Monday. It faces a rivalling offer led by telecoms maverick Xavier Niel, investment banker Matthieu Pigasse and businessman Moez-Alexandre Zouari, which Casino said had also been extended to the same day. Reporting by Tassilo Hummel; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Daniel Kretinsky, Philippe Palazzi, Les Echos, Kretinsky, Palazzi, Xavier Niel, Matthieu Pigasse, Moez, Alexandre Zouari, Tassilo Hummel, Lisa Shumaker Organizations: Metro, LinkedIn, Thomson Locations: Czech

☆ Analysis: How Michael Flynn went down the conspiracy theory rabbit hole
▼ + stars: | 2023-07-08 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +13 min

When you have General Flynn and Sidney Powell suggesting somehow the military should indeed seize voting machines. As we say in the podcast, Trump called him publicly at a recent conference in May, where he vowed to bring back Mike Flynn again, implying that Flynn would be part of his national security team. WOLF: Do you have any insight into how this kind of conspiracy theory fever afflicts a person? Why does it happen to Michael Flynn and not retired Army Gen. Stanley McChrystal, who I learned from your podcast was a mentor to Flynn in Afghanistan? From intelligence work to conspiracy theoriesWOLF: You talk in the podcast about encountering Flynn in his previous line of work – somebody involved in the intelligence community.

Persons: Donald Trump, Trump, Rudy Giuliani, Sidney Powell, Michael Flynn, Patrick Byrne, Giuliani, Powell, Flynn, Byrne, Jack Smith, Peter Bergen, ”, who’s, Smith, WOLF, “, ” He’s, President Trump, Mike Flynn, It’s, Covid, Stanley McChrystal, Richard, Hofstadter, ” There’s, that’s, You’ve, they’re, Vladimir, Putin, That’s, Obama, Hillary Clinton, John Locher, Osama bin Laden Organizations: CNN, … Prosecutors, Trump, Twitter, New, Apple, Spotify, White, Defense Intelligence Agency, World Economic, Army, State Department, Republican, New America, Oklahoma, Oklahoma City, Black Panthers, Puerto Locations: New America, Bergen, BERGEN, Washington ,, United States, America, Davos, Switzerland, Afghanistan, Russian, Ukraine, Bedford , New Hampshire, New York, Miami, Puerto Rican

☆ Kylian Mbappé: New PSG coach Luis Enrique swerves question on French star’s future
▼ + stars: | 2023-07-05 | by ( Ben Morse | ) edition.cnn.com time to read: +5 min

CNN —New Paris Saint-Germain head coach Luis Enrique swerved multiple questions about the future of the club’s star attacker Kylian Mbappé during his official unveiling on Wednesday. This is a French club, and as he has said, he is not planning to leave for free. It is very clear.”The future of Mbappé will be one of the biggest question marks hanging over Enrique’s beginning as PSG manager after joining on Wednesday. However, despite the star-studded nature of the squad, PSG once again suffered a humiliating from the Champions League in the knockout stages, losing to Bayern Munich. CNN reached out to Galtier’s representation and PSG for comment at the time but did not receive a response.

Persons: Germain, Luis Enrique swerved, Kylian Mbappé, Enrique, Mbappé, “, … He’s, Nasser Al, Khelaifi, Luis, Campos, Gonzalo Fuentes, Christophe Galtier, Galtier, John Valovic, ”, Olivier Martin Organizations: CNN, New, New Paris Saint, Spanish national, PSG, ” PSG, League, UEFA Nations League, Roma, Celta Vigo, Real Madrid, Spain national, La Roja, French League, Ligue, Champions League, Bayern Munich Locations: New Paris, Barcelona, Paris, French, Spain, Italian, Barça, Nice, France, Galtier

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