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☆ Mondelēz International CEO: Our input cost increase this year is the same magnitude as last year
▼ + stars: | 2023-05-01 | 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 EmailMondelēz International CEO: Our input cost increase this year is the same magnitude as last yearDirk Van de Put, Mondelēz International CEO, joins 'Squawk on the Street' to discuss the company's recent strength despite macroeconomic weakness, if Mondelez will continue price increases, and if prices are now outpacing costs.

☆ Father of hundreds gets sperm donation ban from Dutch court
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +1 min

THE HAGUE, April 28 (Reuters) - A Dutch court on Friday ordered a man who judges said had fathered between 500 and 600 children around the world to stop donating sperm. The 41-year-old Dutchman, identified by de Telegraaf newspaper as Jonathan Meijer, was forbidden to donate more semen to clinics, the court ruling said. The decision came after a civil case started by a foundation representing the interests of donor children and Dutch parents who had used Meijer as a donor. However, he continued to donate abroad, including to the Danish sperm bank Cryos which operates internationally. Meijer also continued to offer himself as a donor on sites matching prospective parents with sperm donors, sometimes using a different name, according to the Algemeen Dagblad daily.

☆ Dutch celebrate King's Day as confidence in monarchy diminishes
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +2 min

[1/5] King Willem-Alexander and Queen Maxima of the Netherlands pose with their daughters, Princess Ariane and Princess Catharina-Amalia, during King's Day (Koningsdag) in Rotterdam, Netherlands, April 27, 2023. REUTERS/Piroschka van de WouwROTTERDAM, April 27 (Reuters) - Millions of Dutch revellers took to the streets on Thursday to celebrate King's Day festivities, dressing in orange and enjoying open-air markets - even as trust in the man at the centre of the nationwide party sinks to a low ebb. These numbers had held firm at around 75% until the start of the COVID-19 pandemic in 2020. The historic centres of Amsterdam, Utrecht and The Hague have been filled with thousands of people since late on Wednesday as King's Eve parties kicked off the festivities. Reporting by Bart Meijer; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ The 10 Best Things We Saw at Salone del Mobile
▼ + stars: | 2023-04-27 | by ( Ella Riley-Adams | ) www.nytimes.com time to read: +1 min

Dimore Studio’s Cinematic RoomsAt their new Dimore Centrale headquarters and gallery, which opened during last year’s fair, the Dimore Studio designers Britt Moran and Emiliano Salci presented a set of scenes that combined vintage furniture with their own pieces, each one with a distinct narrative and aesthetic. The first four spaces — including Ambulatorio a Chicago (Clinic in Chicago), meant to evoke a therapist’s office, and Pied-à-Terre con Vista Napoli (Pied-à-Terre With a View of Naples), adorned with handmade teal tiles — could be viewed only through holes in their walls. There were windows into the fifth and largest room, which was inspired by the works of the Modernist architects Marcel Breuer and Ludwig Mies van der Rohe and included pieces by them: a wicker D52 armchair by Mies van der Rohe and a cane Breuer desk chair. The studio’s new carpet designs, created in collaboration with the French interior design company Pierre Frey, were on view throughout (in the therapist’s office, the leafy Iris Field pattern covered the walls as well as the floor) along with new lamps and fabrics, which in the final room were spread across antique beds sourced from a monastery.

☆ China doesn’t want US cars like Ford and General Motors. That’s a big problem for their futures.
▼ + stars: | 2023-04-24 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

America has a problem: China — the world's largest car market — doesn't want its vehicles. In 2022, data shows Ford and General Motors' car sales in China each dropped more than 20% from the year before. My colleagues Alexa St. John and Nora Naughton break down how the future of US automakers hinges on China. Although Google founder Larry Page's flying car company Kittyhawk majorly flopped, it left us with some interesting vehicles. Hop aboard to see all the funky flying car models here.

☆ This English Country Home Is a Master Class in Decorating With Personality
▼ + stars: | 2023-04-20 | by ( Antonia Van Der Meer | ) www.wsj.com time to read: +1 min

MAD HOUSE In a family home near London, designers Salvesen Graham didn’t want any room too perfect—in the British country-house tradition. Photo: Simon BrownAN ALMSHOUSE is, historically, a place of refuge where all are welcome, which is an excellent ethos for a warm and comfortable family home. Constructed to provide housing for rotating guests, the structure outside London comprised a row of rooms, with a chapel at the end. At the same time, the series of idiosyncratic and colorful rooms that would reflect the client’s “bubbly, vivacious and really fun” personality had to somehow cohere. A few of the unifying aesthetics: From a richly floral Josef Frank fabric on the family-room sofa to the blush-painted cabinets in the kitchen, “fresh, bright and breezy pinks and reds thread the property,” said Ms. Graham.

☆ Inside a Texas Socialite’s Party Palace, Where She Entertained Tom Brady and George H.W. Bush
▼ + stars: | 2023-04-19 | by ( Katherine Clarke | ) www.wsj.com time to read: 1 min

When they say opposites attract, they might well be talking about wealthy Texas couple John Thrash and his wife, Becca Cason Thrash. While Mr. Thrash, a green energy entrepreneur and architecture wonk, sometimes hides from the spotlight, his wife admits she courts it shamelessly. In some ways, their elaborate Texas home, slated to come up for auction next month with a guide price of $19.5 million, is the physical manifestation of those differences. When Mr. Thrash, 68, built the home in the late 1990s, he was inspired by his love of the work of both Ludwig Mies van der Rohe and Frank Lloyd Wright. He envisioned doing some entertaining, but he didn’t count on the property becoming Houston’s party central.

☆ New world body to defend Olympic status in break from IBA
▼ + stars: | 2023-04-13 | by ( Alan Baldwin | ) www.reuters.com time to read: +2 min

LONDON, April 13 (Reuters) - A group of national federations including the United States and Britain announced a new boxing world body on Thursday in a breakaway move aimed at securing the troubled sport's Olympic future. Leaders of the Swiss-registered body, World Boxing, told a news conference that they would seek recognition from the International Olympic Committee (IOC). The group includes federations who have already announced boycotts of this year's men's and women's world championships organised by the Russian-led International Boxing Association (IBA). Amateur boxing's governing body defied IOC guidance and lifted a ban on Russian and Belarusian boxers competing under their flags last October. The United States tops the all-time Olympic boxing medal table with 50 golds and 117 medals, ahead of Cuba and with Britain third.

☆ Analysis: Twitter's advertising business seen facing slow recovery
▼ + stars: | 2023-04-13 | by ( Sheila Dang | ) www.reuters.com time to read: +5 min

Musk, who also runs electric carmaker Tesla Inc (TSLA.O), earlier this week told the BBC that most of Twitter's advertisers are returning to the platform and the business was "roughly breaking even." Research firm Insider Intelligence this week slashed its forecast for Twitter's global ad revenue this year by 37% to $2.98 billion. That would represent a 28% decline from Twitter's 2022 ad revenue of $4.14 billion. 33 among Twitter's top advertisers before Musk's acquisition, according to Sensor Tower. Twitter's ad business is "eroding" and its subscription product Twitter Blue is seeing only moderate success, Similarweb said in a blog post.

☆ Zverev beats Bautista Agut to advance into third round in Monte Carlo
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

[1/3] Tennis - ATP Masters 1000 - Monte Carlo Masters - Monte-Carlo Country Club, Roquebrune-Cap-Martin, France - April 12, 2023 Germany's Alexander Zverev in action during his round of 32 match against Spain's Roberto Bautista Agut REUTERS/Eric GaillardApril 12 (Reuters) - Alexander Zverev continued to rebuild his confidence on clay with a 6-4 6-4 victory against Spain's Roberto Bautista Agut in the second round of the Monte Carlo Masters on Wednesday. Zverev broke for 3-2 in the opening set and held serve to take the lead in the contest, before breaking again in the fifth game of the second set. Bautista Agut, however, stole the German's serve right back to level for 3-3, only for Zverev to take the decisive break in the following game. Last year's French Open Casper Ruud was also in second-round action against Botic van de Zandschulp of the Netherlands. Reporting by Julien Pretot; Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.

☆ Macron: France favours 'status quo' on Taiwan, position unchanged
▼ + stars: | 2023-04-12 | by ( Michel Rose | ) www.reuters.com time to read: +3 min

[1/3] French President Emmanuel Macron and Dutch Prime Minister Mark Rutte speak at a news conference during Macron's state visit to the Netherlands, in Amsterdam, Netherlands April 12, 2023. We're in favour of the status quo. This policy is constant and hasn't changed," Macron told a news conference during a state visit in the Netherlands. "So no, France does not support provocations, does not engage in fantasy politics and considers the status quo, respect and clarity are the best allies of European strategic autonomy," Macron said. The meeting between Taiwan President Tsai Ing-wen and U.S. House Speaker Kevin McCarthy in California last week - prior to China's drills - was a "provocation", the diplomat said.

☆ World stocks hope for Fed pause, dollar stalls
▼ + stars: | 2023-04-11 | by ( Herbert Lash | ) www.reuters.com time to read: +6 min

Gold climbed back up above the key $2,000 per ounce level as the dollar came off Monday's peak, while oil prices rose despite Chinese inflation data pointing to persistently weak demand. Investors are eagerly awaiting U.S. consumer prices data on Wednesday and producer prices on Thursday. The consumer price index is expected to show core inflation rose 0.4% on a monthly basis (USCPF=ECI) and 5.6% year-over-year (USCPFY=ECI) in March, according to a Reuters poll of economists. The dollar fell after a strong U.S. jobs report for March showed a resilient labor market, adding to expectations of another Fed rate hike. The dollar index fell 0.244%, with the euro up 0.41% to $1.0904 and the yen weakening 0.12% at 133.78 per dollar.

The consumer price index is expected to show core inflation rose 0.4% on a monthly basis (USCPF=ECI) and 5.6% year-over-year (USCPFY=ECI) in March. The two-year Treasury yield, which typically moves in step with interest rate expectations, rose 3.5 basis points to 4.043%. "We're just beginning to feel the pain of these much higher interest rates. The dollar fell after a strong U.S. jobs report for March showed a resilient labor market, adding to expectations of another Fed rate hike. The 10-year JGB yield fell to as low as 0.445%, its lowest since April 4, after hovering at 0.465% in the previous session.

☆ World stocks cling to upbeat mood, dollar stalls
▼ + stars: | 2023-04-11 | by ( Dhara Ranasinghe | ) www.reuters.com time to read: +5 min

European stocks added 0.5% (.STOXX), U.S. equity futures pointed to a positive Wall Street open , and Japan's blue-chip Nikkei rallied over 1% (.N225). Markets price in a roughly 70% chance of a May hike, having last week priced such a move as a coin toss. Traders still price in rate cuts by year-end as the economic growth outlook weakens, exacerbated by banking turmoil. U.S. March inflation data on Wednesday could provide the next steer for markets on the rate outlook. U.S. Treasury yields edged down on Tuesday, however, , with rate sensitive two-year yields 4 bps lower at 3.96%.

☆ World stocks hold on to upbeat mood, dollar stalls
▼ + stars: | 2023-04-11 | by ( Dhara Ranasinghe | ) www.reuters.com time to read: +4 min

European stock markets opened broadly firmer (.STOXX), U.S. stock futures pointed to a positive open for Wall Street shares , and Japan's blue-chip Nikkei rallied over 1% (.N225). Friday's non-farm payrolls suggested labour markets remain resilient, boosting expectations for a 25 basis point (bps) U.S. rate increase in May. NEW BOJ CHIEFIn Asia, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.57%, while MSCI's world stock index was up 0.3% (.MIWD00000PUS). U.S. Treasury yields edged down in European trade , with rate sensitive two-year yields last down 3 bps at 3.96%. Brent crude futures rose 61 cents, or 0.74%, to $84.81 a barrel, while U.S. WTI futures gained 68 cents, or 0.83%, to $80.41 a barrel.

☆ The 'mammoth meatball' grown in a lab probably doesn't taste like woolly mammoth at all
▼ + stars: | 2023-04-11 | by ( Morgan Mcfall-Johnsen | Kelsey Vlamis | ) www.businessinsider.com time to read: +7 min

It probably doesn't taste like woolly mammoth, a meat specialist and mammoth DNA researcher said. The Belgian startup Paleo says it added woolly mammoth myoglobin to a plant-based burger. The mammoth meatball doesn't have either of those elements from woolly mammoth. Mammoth myoglobin doesn't necessarily bring mammoth flavorThough he didn't taste it, Ryall said everyone could smell the meatball while it was cooking. So why make a mammoth meatball that doesn't taste like mammoth?

☆ Katie Holmes Still Doesn’t Understand Why Her Cashmere Bra Went Viral
▼ + stars: | 2023-04-10 | by ( Laura Neilson | ) www.wsj.com time to read: 1 min

After her breakout role as girl-next-door Joey Potter on “Dawson’s Creek,” Katie Holmes has gone on to play many other parts, including writer, producer, director and mom. Still, her teen-drama roots remain close to her heart. When she was starring in the off-Broadway production “The Wanderers” earlier this year, Dawson’s parents were in the audience. “Mary-Margaret Humes, who played Dawson’s mom, flew out with John Wesley Shipp, who played his dad, and they came to the play—which was so sweet and supportive,” she said. (Dawson was famously played by James Van Der Beek.)

☆ Breakingviews: EV double-SPAC provides only weak recharge
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

Electric-van developer Arrival just unveiled a merger with a special-purpose acquisition company, valuing it at $524 million. The twist: It already went public via a blank-check deal in 2021, at a valuation some 10 times higher. Arrival’s fall mirrors other EV hopefuls like Canoo (GOEV.O), Faraday Future Intelligent Electric (FFIE.O) and Lordstown Motors (RIDE.O). Arrival’s latest merger promises $283 million of it from Kensington Capital Acquisition Corp. V’s (KCGI.N) trust account. British startup Wejo (WEJO.O)tried a similar second-SPAC gambit, though it anticipates backing its transaction with private investment.

☆ A tech CEO who's rolling out AI across his company says it will give workers 'superpowers' because it's 'crazy powerful'
▼ + stars: | 2023-04-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Job van der Voort, CEO of HR-tech company Remote, says AI will give workers "superpowers." Van der Voort said he thinks AI won't replace workers but will instead transform their jobs. AI "gives you superpowers," van der Voort said. AI "is going to transform every single business going forward, I think without any exception," van der Voort said. But rather than replacing people's jobs completely, van der Voort said said that AI would instead cause a redeployment of the workforce.

☆ World Court says it can rule on Guyana-Venezuela border dispute
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

THE HAGUE, April 6 (Reuters) - Judges at the International Court of Justice (ICJ) on Thursday ruled they had jurisdiction over a long-running border dispute between Guyana and Venezuela, which could determine which country has rights to offshore oil and gas fields. Guyana asked the ICJ, also known as the World Court, in 2018 to confirm that the border was laid down in an 1899 arbitration between Venezuela and the then-colony of British Guiana. The court "by 14 votes to 1, rejects the preliminary objection raised by the Bolivarian Republic of Venezuela," said presiding judge Joan Donoghue, while reading the decision. Venezuela does not want the ICJ to rule and instead insists on a bilateral negotiated solution to determine the course of the land border, which may ultimately determine which country has rights to certain offshore oil and gas fields. Offshore oil discoveries in recent years have given Guyana, which has no history of oil production, the potential to become one of the largest producers in Latin America.

☆ Column: The new US Social Security forecast: what it means for retirees
▼ + stars: | 2023-04-04 | by ( Mark Miller | ) www.reuters.com time to read: +6 min

But if the headlines stemming from the annual report of the Social Security trustees jangled you, take a deep breath. The report, released on March 31, forecasts that the Social Security retirement trust fund reserves will be depleted in 2033. What does the new Social Security forecast mean for current and future retirees? But the trust fund also can accumulate balances when Social Security runs surpluses, as has been the case for the last several decades. A: Social Security collects FICA contributions only up to a certain level of wages - $160,200 this year.

☆ Amsterdam's Schiphol Airport to cut late-night flights -Het Parool
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +1 min

[1/2] Climate activists protest against environmental pollution from aviation at Amsterdam's Schiphol Airport, in Schiphol, Netherlands November 5, 2022. REUTERS/Piroschka van de WouwAMSTERDAM, April 3 (Reuters) - Amsterdam's Schiphol Airport plans to cut late-night flights as part of attempts to reduce noise pollution, newspaper Het Parool reported on Monday, citing the airport's CEO. Plans for the airport to be rolled out in the coming two years include closing it almost completely between midnight and 5 a.m., the report citing CEO Ruud Sondag said. A spokesperson for Schiphol could not immediately be reached to confirm the report, which said the airport is also planning to ban noisier airplanes and private jets. But airlines including Air France's (AIRF.PA) Dutch subsidiary KLM have mounted a legal challenge to the plan, while Schiphol itself is pushing for a 460,000 limit.

☆ Shares and bonds ride high after soothing euro zone data
▼ + stars: | 2023-03-31 | by ( Marc Jones | ) www.reuters.com time to read: +6 min

Government bonds have gained as much as 5%, gold is 8% higher, while oil is down and the dollar has barely budged. The euro zone inflation numbers showed consumer prices rising 6.9% in March after an 8.5% increase in February, representing the sharpest deceleration since Eurostat started collecting data in 1991. Japan's Nikkei (.N225) also jumped 1% on Friday，as inflation data for the capital Tokyo highlighted broadening price pressures. The euro , which hit a one-week high against the dollar overnight on sticky German inflation data, dipped back under $1.09 again after the euro zone data but was still set for a 3% monthly rise. U.S. crude futures were flat at $74.40 per barrel, while Brent crude futures slipped 0.1% to $78.52 per barrel.

☆ Asian shares ride high in Q1 but keep vigil on inflation
▼ + stars: | 2023-03-31 | by ( Stella Qiu | ) www.reuters.com time to read: +5 min

The buoyant mood is likely to run into resistance in Europe, with caution setting in ahead of the euro zone inflation data. The pan-region Euro Stoxx 50 futures was flat, while S&P 500 futures eked out a gain of 0.2%. It is on course for a quarterly gain of 3.6%, after surging 12% in the three months that ended in December. Japan's Nikkei (.N225) also leaped 1%，as inflation data for the capital Tokyo highlighted broadening price pressures. That compared with an overwhelming bet on a 25 basis point hike a month ago before the banking volatility started.

☆ World Court rules U.S. was wrong to freeze Iranian assets
▼ + stars: | 2023-03-30 | by ( Stephanie Van Den Berg | ) www.reuters.com time to read: +2 min

However, in a blow for Tehran, the World Court said it did not have jurisdiction over $1.75 billion in frozen assets from Iran's central bank, by far the largest amount claimed back by Iran. The ruling comes amid heightened tensions between the United States and Iran after tit-for-tat strikes between Iran-backed forces and U.S. personnel in Syria last week. The case before the ICJ, also known as the World Court, was initially brought by Tehran against Washington in 2016 for allegedly breaching a 1955 friendship treaty by allowing U.S. courts to freeze assets of Iranian companies. The rulings of the ICJ, the United Nations' top court, are binding, but it has no means of enforcing them. The United States and Iran are among a handful of countries to have disregarded its decisions in the past.

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