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☆ Dutch government presses ahead with Schiphol flight cap as airlines protest
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

Flights will be capped at 452,500 per year, Harbers said, 9.5% below 2019 levels and lower than a previous proposal of 460,000. Airlines that use Schiphol including Air France-KLM (AIRF.PA) have sued to try to prevent the cap at one of Europe's busiest airports. The decision is "arbitrary, ill-thought out and undercuts procedures normally used," said Ourania Georgoutsakou, managing director of industry group Airlines For Europe (A4E). Airlines opposed to the ban are appealing to the Dutch Supreme Court after losing an appeal in July. The International Air Transport Association (IATA), which supports the airlines' case, on Thursday told the Dutch caretaker government not to proceed ahead of a national election in November.

Persons: Yves Herman, Mark Harbers, Harbers, Ourania Georgoutsakou, Mark Rutte, Toby Sterling, Mark Potter Organizations: KLM, REUTERS, Rights, Aviation, European Commission, Airlines, Air France, Europe, Dutch, International Air Transport Association, U.S . Department of Transport, Thomson Locations: Amsterdam, Netherlands, Schiphol

☆ McLaren Applied's Lavoie buys bankrupt Dutch e-bike maker VanMoof
▼ + stars: | 2023-08-31 | by ( Nick Carey Tosterling | Nick Carey | ) www.reuters.com time to read: +3 min

The logo of e-bike maker VanMoof is seen on a bicycle in Amsterdam, Netherlands August 17, 2023. REUTERS/Piroschka van de Wouw Acquire Licensing RightsLONDON/AMSTERDAM, Aug 31 (Reuters) - Lavoie, the electric scooter unit of Formula One engineering and technology firm McLaren Applied, said on Thursday it has agreed to buy bankrupt premium Dutch e-bike maker VanMoof and will invest to stabilize and expand its business. Fry said McLaren Applied - bought from McLaren Group by private equity firm Greybull Capital in 2021 - would retain VanMoof's departmental managers and would "engage and retain or rehire some of the great people" the Dutch e-bike maker employed. VanMoof had also struggled with quality problems, which McLaren Applied's Fry said had hurt sales. McLaren Applied recently launched the premium Lavoie e-scooter brand.

Persons: de Wouw, Lavoie, Nick Fry, Fry, Jan Padberg, Robin de Wit, McLaren, VanMoof, McLaren Applied's Fry, Nick Carey, David Holmes Organizations: REUTERS, Formula, McLaren, Reuters, VanMoof, McLaren Group, Capital, Norwest Venture Partners, Nasdaq, Thomson Locations: Amsterdam, Netherlands, AMSTERDAM, Silicon

☆ Messi to lead Argentina in opening World Cup qualifiers
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

Soccer Football - International Friendly - Argentina v Panama - Estadio Monumental, Buenos Aires, Argentina - March 23, 2023 Argentina's Lionel Messi during the match REUTERS/Agustin Marcarian/File photo Acquire Licensing RightsBUENOS AIRES, Aug 31 (Reuters) - Lionel Messi will lead world champions Argentina in their opening World Cup qualifiers against Ecuador and Bolivia, the captain's first internationals since joining Major League Soccer's Inter Miami. Coach Lionel Scaloni's 32-man squad also features stalwarts including Angel Di Maria, who returned to Benfica this year, and defender Nicolas Otamendi. Argentina host Ecuador in Buenos Aires on Sept. 7 and travel to play Bolivia five days later. SquadGoalkeepers: Juan Musso (Atalanta), Emiliano Martinez (Aston Villa), Walter Benitez (PSV Eindhoven), Franco Armani (River Plate). Midfielders: Leandro Paredes (AS Roma), Rodrigo De Paul (Atletico Madrid), Guido Rodriguez (Real Betis), Facundo Buonanotte (Brighton & Hove Albion), Enzo Fernandez (Chelsea), Alexis Mac Allister (Liverpool), Exequiel Palacios (Bayern Leverkusen) and Bruno Zapelli (Athletico Paranaense).

Persons: Lionel Messi, Agustin Marcarian, Lionel Scaloni's, Angel Di Maria, Nicolas Otamendi, Alan Velasco, Bruno Zapelli, Lucas Esquivel, Lucas Beltran, Paulo Dybala, Geronimo Rulli, Juan Musso, Atalanta, Emiliano Martinez, Aston, Walter Benitez, Franco Armani, Nahuel Molina, Gonzalo Montiel, Juan Foyth, Marcos Senesi, Lisandro Martinez, Cristian Romero, Nicolas Tagliafico, Athletico, Leandro Paredes, Rodrigo De Paul, Guido Rodriguez, Facundo Buonanotte, Enzo Fernandez, Alexis Mac Allister, Exequiel Palacios, Nicolas Gonzalez, Lautaro Martinez, Angel Correa, Julian Alvarez, Alejandro Garnacho, Thiago Almada, Ramiro Sandolo, Janina Nuno Rios, Ed Omsond Organizations: Soccer Football, Estadio Monumental, REUTERS, Argentina, Ecuador, Major League Soccer's Inter Miami, Benfica, FC Dallas, Athletico Paranaense, Italy's Fiorentina, AS Roma, Ajax Amsterdam, Aston Villa, PSV Eindhoven, Atletico Madrid, Real Betis, Nottingham Forest, Villarreal, Manchester United, Tottenham Hotspur, Olympique Lyonnais, Brighton & Hove Albion, Chelsea, Bayern Leverkusen, Fiorentina, Inter, Manchester City, Inter Miami, Atlanta United, Thomson Locations: Argentina, Panama, Buenos Aires, BUENOS AIRES, Bolivia, Ecuador, Real, Nottingham, Bournemouth, Olympique, Benfica, Brighton, Liverpool, Athletico, Inter Milan, Manchester

☆ Here are the best ‘workcation’ cities for remote and hybrid workers — and Barcelona tops the list
▼ + stars: | 2023-08-30 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +4 min

Barcelona, renowned for its vibrant cultural scene and almost year-round sunshine, is the best workcation city for those "seeking the perfect blend of work and leisure," said IWG. "The rise of hybrid work now allows workers to work from wherever they can be the most productive, even if that's overseas," Rogers added. Barcelona and Toronto — the top two cities — registered particularly strong scores in broadband speed and accommodation prices. Top 10 cities for workcations: Barcelona Toronto Beijing Milan New York Rio De Janeiro Amsterdam Paris Jakarta Lisbon For example, the average rent per month in Barcelona costs $1,158 and $1,769 for Toronto — compared to New York's $3,632 — the most expensive on the list. A cup of coffee in Barcelona costs $2.68 on average, compared to $4.92 for Los Angeles and $4.57 for Beijing, IWG added.

Persons: Darren Rogers, IWG, Rogers, Toronto — Organizations: Singapore, Toronto, Barcelona Toronto Beijing Milan, Paris Jakarta, Los Locations: Barcelona, New York, Hong Kong, Singapore, Asia, Southeast Asia, workcations, Barcelona Toronto Beijing Milan New York Rio De Janeiro, Paris, Paris Jakarta Lisbon, Spanish, Los Angeles, Beijing, Toronto

☆ Europe's weaker economy limits fallout of US bond rout
▼ + stars: | 2023-08-30 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +5 min

Last week, U.S. 10-year Treasury yields touched their highest relative to Germany's since December. For rate-sensitive short-dated German bond yields yields are even down 17 bps in August as weak data has raised expectations of a European Central Bank rate hike pause in September. SPILLOVERBofA, Goldman Sachs and Barclays expect Treasury yields to end the year slightly below current levels. Barclays's Khanna estimates German bond yields would have been 50-60 bps lower had they only been driven by domestic factors. The spillover from higher Treasury yields is more challenging elsewhere.

Persons: Dado Ruvic, Mauro Valle, Valle, Salman Ahmed, Rohan Khanna, Fitch, Mondher, SPILLOVER BofA, Goldman Sachs, Jackson, Barclays's Khanna, Frederik Ducrozet, Ataru Okumura, Yoruk, Chiara Elisei, Junko Fujita, Kevin Buckland, Dhara Ranasinghe, Tomasz Janowski Organizations: REUTERS, Generali Investment Partners, European Central Bank, Fidelity International, U.S, Fitch, AAA, Vontel Asset Management, Barclays, Treasury, Federal Reserve, ECB, Pictet Wealth Management, of Japan, Nikko Securities, Yoruk Bahceli, Thomson Locations: U.S, United States, Europe, Germany, Britain, Germany's, It's, Italy, France, Japan, Amsterdam, London, Tokyo

☆ Instagram is making you a worse tourist. Here’s how to travel respectfully
▼ + stars: | 2023-08-29 | by ( Lauren A. Siegel | ) edition.cnn.com time to read: +7 min

Now, travelers also look to social media for proof of how others behave. If their peers from home are throwing caution to the wind while on vacation, this can cause a domino effect of bad behavior. I’ve identified other bad travel attitudes and habits that have emerged as a result of social media-driven tourism. The Instagram effectWhen people travel to a beautiful place, the temptation to post photos and videos to social media is high. This speaks to the role of social media as part of the problem when it comes to bad tourist behavior.

Persons: I’ve, David Silverman, Bali, Vienna –, Finland’s, Finn, aren’t, you’ve, Lauren A, Siegel Organizations: CNN, Getty, influencers, Research, University of Greenwich Locations: Rome, geotags, Italy, Florence, Bali, Iceland, Hawaii, Palau, New Zealand, Costa Rica, Vienna, Netherlands, Amsterdam, London

Learn moreIf you're looking for help on where to buy Metallica tickets for their ongoing M72 World Tour, we have you covered. Metallica's M72 World Tour kicked off on April 27 in Amsterdam. Metallica 2023/2024 tour scheduleThere are still seven more concert dates across five cities in the U.S. for the second leg of Metallica's tour. Since Metallica's M72 World Tour primarily consists of two shows at each location, you can also get deals for two-day passes cheaper than buying separate tickets for those dates. Metallica's M72 World Tour features various opening acts across multiple dates.

Persons: James Hetfield, Lars Ulrich, Kirk Hammett, Robert Trujillo, Foxborough, Greta Van Organizations: Metallica, IL, Ticketmaster, Mammoth, Nine, Architects Locations: Amsterdam, Europe, North America, East Rutherford , New Jersey, StubHub, U.S, Detroit, Germany, Glendale, AZ, Indio, CA, Louis, St, MI, Detroit ,, Munich, Helsinki, Finland, Copenhagen, Denmark, Warsaw, Poland, Madrid, Spain, Foxborough, Chicago, Chicago ,, Minneapolis, Minneapolis ,, Edmonton, Canada, Seattle, WA, Seattle , WA, Mexico City, Mexico, Louis , Missouri, Michigan, Seattle , Washington, Detroit , MI, MN

London CNN —Air passengers across Europe faced delays on Monday on one of the summer’s busiest travel days after the UK’s air traffic control system suffered a “technical issue” resulting in restrictions on flights. “Our priority is always to ensure that every flight in the UK remains safe and we are sincerely sorry for the disruption this is causing. A spokesperson for Manchester Airport, in northern England, told CNN: “We are aware of a nationwide air traffic control issue that is affecting flights in and out of airports across the country. Ireland’s air traffic control service provider AirNav had said that there were “significant delays” to flights traveling within UK airspace on Monday. “Flights between Ireland and UK airports, and flights traveling to or from Ireland that travel through UK airspace are experiencing significant delays,” it said.

Persons: NATS, Lee Vanstone, ike W, ingle Organizations: London CNN — Air, Air Traffic Services, ”, Pisa Airport Locations: Europe, Pisa, Pisa Airport

☆ Dutch F1 Grand Prix looks to secure long-term future
▼ + stars: | 2023-08-27 | by ( Bart H. Meijer | ) www.reuters.com time to read: +2 min

Verstappen's home Grand Prix, which he is looking to win for a third straight win from pole position on Sunday, is a guaranteed fixture through the 2025 season, but it is unclear what will happen after. "We feel Formula One is very happy with us," former F1 driver Jan Lammers, a Zandvoort native who was one of the driving forces behind the return of the Dutch Grand Prix, told Reuters. The enormous popularity of Verstappen, the first Dutch Formula One champion, has helped sell over 300,000 tickets in an instant every year, but Lammers said Zandvoort's appeal goes beyond its dominant home driver. "Traditionally, a Grand Prix offered just two hours of entertainment on Sunday. This approach was backed by Formula One chief executive Stefano Domenicali ahead of the Dutch Grand Prix.

Persons: Max Verstappen, Jan Lammers, Lammers, it's, Max, Stefano Domenicali, Bart Meijer, Ed Osmond Organizations: Formula, Prix, Reuters, Zandvoort, Formula One, Thomson Locations: ZANDVOORT, Netherlands, Zandvoort, Amsterdam

☆ The Netherlands gifted Ukraine a fleet of F-16 fighter jets 9 years after Putin's proxies blew MH17 out of the sky, killing 196 Dutch passengers
▼ + stars: | 2023-08-27 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

The Netherlands is sending up to 42 F-16 fighter jets to Ukraine to help aid its war against Russia. The event marked the arrival of the first bodies of the victims of flight MH17, which was shot down over Russian separatist-controlled territory, killing all 298 passengers, including 196 Dutch nationals. Matthew LotzColijn said the tragedy also helped Dutch people contextualize Russia's war on Ukraine. REUTERSBut while the delivery of F-16 jets may seem symbolic, Colijn said it was largely a pragmatic move. The Dutch defense ministry has long been planning on phasing out its aging F-16 fleet, which it has been replacing with F-35s.

Persons: Vladimir Putin, Putin, Mark Rutte, Chris Colijn, Matthew Lotz Colijn, Rutte, doesn't, Colijn, Piet Ploeg, Ploeg, Volodymyr Zelenskyy, Russia Paul van Hooft, van Hooft, Van Hooft, I'm Organizations: Russia, Eindhoven Airbase, Service, Eindhoven, Malaysia Airlines Amsterdam, Ukraine —, Reuters, RTL Nederland, US Air Force, Fighting Falcons US Air Force, Tech, REUTERS, MH17, Foundation, Dutch, Hague, Strategic Studies Locations: Netherlands, Ukraine, Wall, Silicon, Kuala Lumpur, Russian, Russia

☆ Russian tech billionaire wants sanctions lifted after he criticized Ukraine invasion, report says
▼ + stars: | 2023-08-27 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

A Russian oligarch called on the EU to lift sanctions against him after condemning Putin's war. Arkady Volozh made the call days after calling the war "barbaric," the Financial Times reported. AdvertisementAdvertisementRussian oligarch Arkady Volozh will be the first to formally ask for sanctions to be lifted after condemning Vladimir Putin's invasion of Ukraine, a report says. It is regarded as the first test as to how the West will treat previously sanctioned oligarchs who have gone on to publicly denounce Putin's war. AdvertisementAdvertisementBillionaire industrialist Oleg Deripraska had his $1 billion Sochi complex seized after criticizing the invasion, the FT reported in December.

Persons: Arkady Volozh, Volozh's, Vladimir Putin's, Volozh, Putin's, Oleg Deripraska, Volozh didn't Organizations: EU, Financial Times, Union, BBC, Google, Kremlin Locations: EU, Ukraine, Russia, Europe, Amsterdam, Israel, Sochi

Aug 25 (Reuters) - Strategists at BofA Global Research see second-half "trouble" for technology stocks even as the sector took in its largest inflow in 10 weeks, the firm said in a note on Friday. BofA pointed to the correlation between a surge in central bank liquidity and the Nasdaq over the past 15 years. "We say tech = H2 trouble rather than era of new AI rules," BofA said in the note. In the latest weekly data, the tech sector saw a $2.3 billion inflow, its largest inflow in 10 weeks, BofA said. Emerging markets debt meanwhile lost out, BofA said, seeing the largest weekly outflow since the collapse of Silicon Valley Bank in March.

Persons: Michael Hartnett, BofA, Lewis Krauskopf, Dhara Ranasinghe, Alistair Bell Organizations: BofA, Research, Nasdaq, U.S . Treasury, Silicon Valley Bank, Thomson Locations: U.S, Silicon, New York, Amsterdam

☆ Take Five: Farewell to a bruising August
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 14, 2023. Other data such as consumer confidence, the state of manufacturing, and inflation, with the latest personal consumption expenditures index is also due. Line chart with data from Refinitiv Datstreamn shows U.S. unemployment rate and federal funds target rate from January 2021 to July 2023. Yet Thursday's flash euro area August inflation number, which follows releases from some member states, could be the decider. The world's most populous country is already concerned about the threat to production of several basic commodities, including rice and sugar.

Persons: Brendan McDermid, Lewis Krauskopf, Kevin Buckland, Nigel Hunt, Dhara, payrolls, Bundesbank, buybacks, Xi Jinping, Karin Strohecker, Sharon Singleton Organizations: New York Stock Exchange, REUTERS, Treasury, Federal Reserve, ECB, Reuters, Nino, Climate, Thomson Locations: New York City, U.S, China, Lewis, New York, Tokyo, Amsterdam, London, Jackson Hole , Wyoming, Indonesia, Thailand

☆ Autoworkers Vote to Authorize Strikes if Negotiations Fail
▼ + stars: | 2023-08-25 | by ( Neal E. Boudette | More About Neal E. Boudette | ) www.nytimes.com time to read: +2 min

G.M., Ford and Stellantis have suggested they will probably agree to some form of higher wages. A fresh indication of how the talks may go came on Thursday, when an Ohio battery plant owned jointly by G.M. Mr. Fain had repeatedly criticized wages at the plant, which had started at about $16 an hour, as being too low. said in July that it expected to earn more than $9.3 billion this year, about $1 billion more than a previous forecast. Ford expects earnings before taxes of $11 billion to $12 billion this year.

Persons: Fain, Fain’s, Tesla, Ram, Ford Organizations: Ford, G.M, LG Energy, Chrysler, Jeep Locations: Ohio, Korean, G.M, United States, Amsterdam, North America

☆ Dutch supreme court: Israeli military immune from prosecution in Netherlands
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

Israeli Defense Minister Benny Gantz speaks to the media after casting his ballot on the day of Israel's general election outside a polling station in Rosh Ha'ayin, Israel November 1, 2022. REUTERS/Nir Elias/File Photo Acquire Licensing RightsAMSTERDAM, Aug 25 (Reuters) - The Dutch supreme court ruled on Friday that two Israeli former military commanders, including ex-defence minister Benny Gantz, are immune from civil prosecution in the Netherlands in a case brought over the deaths of six Palestinians in an Israeli air strike. In the suit, Ziada sought unspecified damages against Gantz under Dutch universal jurisdiction rules, which allows countries to prosecute serious offences committed elsewhere. Sixty-seven Israeli soldiers and six civilians in Israel also died, according to Israeli military and health officials. Reporting by Charlotte Van Campenhout and Stephanie van den Berg; editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Benny Gantz, Nir Elias, Gantz, Amir Eshel, Ismail Ziada, Ziada, Charlotte Van Campenhout, Stephanie van den Berg, Mark Heinrich Our Organizations: REUTERS, Rights, Dutch, Thomson Locations: Rosh Ha'ayin, Israel, Netherlands, Hamas, Gaza

☆ Oil heads for weekly fall on demand worries, dollar strength
▼ + stars: | 2023-08-25 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell slightly in early Asian trade on Friday, on track for a weekly decline as weak manufacturing activity hurt the global demand outlook and the dollar remained buoyant. Brent crude fell 16 cents, or 0.2%, to $83.20 a barrel by 0013 GMT, while U.S. West Texas Intermediate crude fell 18 cents, or 0.2%, to $78.91 a barrel. A strong dollar makes oil more expensive for holders of other currencies, denting demand. Oil fell for much of the week as global economies reported shrinking factory activity. India's oil consumption growth has also slowed in recent months on high inflation and slowing global trade.

Persons: Rishi Sunak, Brent, Jerome Powell Organizations: U.S, West Texas, Federal Locations: Amsterdam, Rotterdam, Antwerp, Japan, Saudi Arabia

☆ Weight-loss drug Wegovy produces ‘largest benefit ever seen’ for patients with most common form of heart failure, trial finds
▼ + stars: | 2023-08-25 | by ( Meg Tirrell | ) edition.cnn.com time to read: +5 min

There are 64 million people globally living with heart failure, Novo Nordisk said in a statement about the trial results. This type of heart failure accounts for more than half of all cases in the US and is increasing in prevalence, according to Kosiborod and his co-authors. He noted that 80% of patients with this kind of heart failure in the US have obesity or are characterized as overweight. Until recently, the main treatment options for people with this kind of heart failure were diuretics, sometimes called water pills, Kosiborod said. They’re also changing the way researchers think about obesity, and the results in heart failure contribute to that paradigm shift, Kosiborod said.

Persons: Mikhail Kosiborod, ” Kosiborod, Kosiborod, semaglutide, ”, “, Eli Lilly, Dr, Sanjay Gupta, They’re, “ It’s Organizations: CNN, drugmaker Novo Nordisk, New England, of Medicine, Saint, Kansas, European Society of Cardiology, Novo Nordisk, CNN Health Locations: Kansas, Kansas City, Amsterdam

Brent crude rose 15 cents, or 0.2%, to $83.36 a barrel, while U.S. West Texas Intermediate crude rose 16 cents, or 0.2%, to $79.05 a barrel. Prices traded lower for the majority of the session, before pushing higher in the last half hour of trading. Investor caution on the eve of his remarks lifted the safe-haven dollar, which makes oil more expensive for holders of other currencies, denting demand. Euro zone business activity also declined more than expected and Britain's economy looked set to shrink in the current quarter. On the supply side, Iran's crude oil output will reach 3.4 million barrels per day (bpd) by the end of September, the country's oil minister was quoted as saying by state media, even though U.S. sanctions remain in place.

Persons: Brent, Giovanni Staunovo, Jackson, Jerome Powell, Craig Erlam, Erlam, Shariq Khan, Ahmad Ghaddar, Mohi Narayan, Kim Coghill, David Evans, David Gregorio, Deepa Babington Organizations: cnsphoto, REUTERS, bbl, U.S, Fed, West Texas, UBS, U.S . Federal, Federal Reserve, Thomson Locations: Zhoushan, Zhejiang province, China, BENGALURU, Europe, New York, Amsterdam, Rotterdam, Antwerp, U.S ., Japan, Venezuela, American

☆ ETIAS and Europe's city taxes explained: When, who pays and how much?
▼ + stars: | 2023-08-24 | by ( Julia Buckley | Who Needs Etias Authorization | ) edition.cnn.com time to read: +8 min

The ETIAS visa waiver program will allow entry into EU countries from $7.70. And, of course, citizens of many countries need “real” visas to EU countries – which is not only a costly process, but a time-consuming one, too. ETIAS will join the myriad accommodation and “tourist taxes” that are already charged around Europe. What other tourist taxes are there in Europe? If your ship docks at Barcelona for 12 hours or more you’ll pay 4.75 euros (3 euros regional fee and 1.75 euros city surcharge).

Persons: ETIAS, you’re, They’re, Pretty, Armando Oliveira, iStockphoto, –, you’ll, Vila Real de Santo António, it’s, doesn’t Organizations: CNN, UAE, EU, United States ’, Manchester, Edinburgh, Vila Real de Santo Locations: Europe, United States, United Kingdom, Japan, Singapore, EU, Amsterdam, Wales, Barcelona, Italy, Portugal, Catalonia, Vienna, it’s, Algarve, Faro, Vila, Rome, Venice, Paris, France, Greece, Caribbean, New Zealand

☆ Sedentary time as a kid could mean heart problems as an adult, research shows
▼ + stars: | 2023-08-24 | by ( Madeline Holcombe | ) edition.cnn.com time to read: +5 min

Childhood inactivity may be increasing risk for heart disease later in life, according to new research. The longitudinal study included 766 children and looked at data from ages 11 to 24, the research showed. More sedentary time was associated with increased left ventricle mass in the girls who were followed in the study, according to the new research. “Since it is rare for children to have heart attacks, left ventricular hypertrophy or enlarged heart has been employed as early signs of heart damage,” he said. “An example of such light physical activity is taking a long walk.”Children ages 6 to 17 need about an hour of physical activity a day, according to the US Centers for Disease Control and Prevention.

Persons: ”, Andrew Agbaje, ” Agbaje, Agbaje, Nieca Goldberg, University’s, Goldberg, Andrew Freeman, Freeman, “ Organizations: CNN, CNN’s, European Society of Cardiology’s ESC, University of Eastern Finland’s School of Medicine, University’s Grossman School of Medicine, Jewish Health, US Centers for Disease Control Locations: Amsterdam, York City, New, Denver

REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG/AMSTERDAM, Aug 24 (Reuters) - Global investors fleeing China have one simple message for the country's leadership: put prudence aside for a short while, and start spending big. "At this point there is confusion and, as long as there is confusion, then there's lack of credibility and that means investors are more likely to stay away," said Seema Shah, chief global strategist at Principal Global Investors in London. Prominent examples are heavy Chinese government spending during the 2008 Global Financial Crisis and its swift intervention during the 2015 market crash. But the subsidies need to come from local governments, many of which are cash-strapped or even drowning in debt and unable to pay their civil servants. The lack of concrete stimulus measures now is prompting many China watchers to downgrade their growth estimates for the next few years.

Persons: Aly, China's, Seema Shah, Chen Zhao, Zhao, hasn't, Frederik Ducrozet, Ducrozet, Principal's Shah, Yan Wang, Xi Jinping's, we’ve, Lorraine Tan, Dhara Ranasinghe, Davide Barbuscia, Yoruk, Xie Yu, Ankur Banerjee, Tom Westbrook, Li Gu, Vidya Ranganathan, Kim Coghill Organizations: REUTERS, Global, Global Investors, policymaking Politburo, Pictet Wealth Management, Local, UBS Bank, Federated Hermes, Foreigners, Asia, Morningstar, Thomson Locations: Huangpu, Shanghai, China, HONG KONG, AMSTERDAM, London, Beijing, Japan, United States, New York, Amsterdam, Hong Kong, Singapore

☆ Savers dash for Belgian bond aimed at pushing banks to raise deposit rates
▼ + stars: | 2023-08-24 | by ( Yoruk Bahceli | ) www.reuters.com time to read: +2 min

Aug 25 (Reuters) - Belgium saw 4 billion euros of demand from savers for a new bond it launched on Thursday, its debt agency said, a strong start for the sale aimed at pressuring banks to raise their deposit rates. European lenders awash with cash have been resisting raising savings rates despite a surge in market interest rates as central banks fight inflation, prompting withdrawals by households looking for better returns elsewhere. "We want to boost competition and encourage banks to raise interest rates." On Thursday, the first day of the sale, savers bought 2.098 billion euros ($2.27 billion) of the bond, the debt agency said, followed by at least another 1.902 billion euros so far on Friday. But Jean Deboutte, director at Belgium's debt agency, noted some banks in Belgium had already raised their rates following plans for the new bond.

Persons: Jean Deboutte, Yoruk, Sudip Kar, Susan Fenton, Andrew Heavens Organizations: Yoruk Bahceli, Gupta, Thomson Locations: Belgium, Amsterdam, Brussels

☆ Tornado Cash founders charged with laundering more than $1 billion, including millions for North Korea
▼ + stars: | 2023-08-23 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

Two founders of Tornado Cash, the widely known Russian cryptocurrency mixer, have been charged with laundering more than $1 billion in criminal proceeds. Charges in the indictment include conspiring to commit money laundering, conspiracy to commit sanctions violations and conspiracy to operate an unlicensed money transmitting business. The third co-founder, Alexey Pertsev, who is not mentioned in this action, faces trial in Amsterdam over his involvement with Tornado Cash. Tornado Cash is used by some people as a legitimate way to protect their privacy in the still-nascent crypto market. Using a crypto mixing service like Tornado Cash masks those details by anonymizing the funds and concealing the identity of the buyer.

Persons: Roman, Semenov, Storm, James Smith, Alexey Pertsev, Roman Semenov, Damian Williams, Brian Klein, Waymaker, Klein, Lazarus Organizations: Tornado, Lazarus, Justice Department, CNBC, Tornado Cash, Storm, Federal Bureau of Investigation, Foreign Assets, Lazarus Group, U.S . Treasury, Treasury Department Locations: Russian, Korean, Washington, York, Amsterdam, U.S, Harmony

☆ Formula One statistics for the Dutch Grand Prix
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +3 min

Formula One F1 - Dutch Grand Prix - Circuit Zandvoort, Zandvoort, Netherlands - September 4, 2022 Red Bull's Max Verstappen and Mercedes' Lewis Hamilton in action during the race REUTERS/Yves Herman/File Photo Acquire Licensing RightsAug 23 (Reuters) - Formula One statistics for Sunday's Dutch Grand Prix at Zandvoort, the 13th race of the 22-round season. Total distance: 306.587km (72 laps)2022 pole position: Max Verstappen (Netherlands) Red Bull one minute 10.342 seconds. Verstappen won in 2021 and 2022, both times from pole position, making him the only current driver on the grid to have won the Dutch Grand Prix. Aston Martin's Fernando Alonso has 32 wins, most recently in his home Spanish Grand Prix in 2013 with Ferrari, from a record 367 starts. PODIUMSix teams and eight drivers have made a podium appearance this season: Red Bull, Alpine, Aston Martin, McLaren, Mercedes and Ferrari.

Persons: Max Verstappen, Mercedes, Lewis Hamilton, Yves Herman, Red Bull, Verstappen, Sebastian Vettel, Alain Prost, Perez, Abu Dhabi, Hamilton, Aston Martin's Fernando Alonso, Bull, Charles Leclerc, Aston Martin, McLaren, Michael Schumacher, Romeo's, Zhou, George Russell, Alan Baldwin, Pritha Sarkar Organizations: Prix, Zandvoort, Indianapolis Motor Speedway, Monaco, Verstappen, Spanish, Ferrari, Aston, Thomson Locations: Zandvoort, Netherlands, Britain, NETHERLANDS, Amsterdam, Abu, Saudi Arabia, Hungary, Azerbaijan, Belgium, Hamilton

☆ J&J's Janssen to close part of its vaccine division -Telegraaf
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

[1/2] The exterior of Johnson and Johnson's subsidiary Janssen Vaccines in Leiden, Netherlands, March 9, 2021. REUTERS/Piroschka van de Wouw Acquire Licensing RightsAMSTERDAM, Aug 23 (Reuters) - Johnson & Johnson's (JNJ.N) Janssen division, which helped to develop its single-dose COVID-19 vaccine, will close much of its vaccine research and development operations in the Netherlands, newspaper De Telegraaf reported. In an emailed response on Wednesday, Johnson & Johnson confirmed plans to exit some of its vaccine research and development programmes, which it said it had initially disclosed in its 2023 second-quarter results. De Telegraaf reported that 2,500 people worked at Janssen in the Netherlands, a quarter of which were in the section specialising in infectious diseases and vaccines. J&J's relatively large Dutch vaccine operation stems in part from its $2.1 billion acquisition in 2011 of vaccine maker Crucell.

Persons: Johnson, de Wouw, Janssen, De Telegraaf, J, Charlotte Van Campenhout, Toby Sterling, David Goodman, David Evans Organizations: Janssen Vaccines, REUTERS, Rights, Thomson Locations: Leiden, Netherlands

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