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☆ Hungary's President Under Pressure to Quit Over Pardon in Sex Abuse Case
▼ + stars: | 2024-02-07 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

BUDAPEST (Reuters) - Hungarian opposition parties have demanded the resignation of the president over her decision to pardon a man convicted as an accomplice in helping cover up a case in a children's home whose director sexually abused children. She added that the reasoning behind her decision was not public and all pardons were divisive by their nature. The former director was sentenced to eight years in prison for sexually abusing several under-age boys in 2004-2016. "I am baffled by Katalin Novak's decision as a human being and as a mother," Momentum chair Anna Donath said in a statement on Wednesday, adding she believed the decision was "morally incomprehensible". Some of the opposition and civilians called a protest in front of Novak's presidential office for Friday.

Persons: Katalin, Pope Francis, Novak, Viktor Orban, paedophiles, MTI, Anna Donath, Orban's, Judit Varga, Krisztina, Alison Williams Organizations: Democratic Coalition, Socialists Locations: BUDAPEST

Learn moreWith her 2024 concert tour drawing closer, there are a few options to consider when thinking about how to buy Nicki Minaj tickets. The first performance in Nicki Minaj's Pink Friday 2 World Tour is on March 1 in Oakland, California. We've got you covered if you're looking for how to get tickets to Nicki Minaj's world tour. Nicki Minaj 2024 tour scheduleNicki Minaj's 2024 world tour begins on March 1 and is scheduled to end in June. The prices for original tickets are still comparable to the prices of resale tickets for most Nicki Minaj concert dates.

Persons: Nicki Minaj, Nicki Minaj's, Nicki Minaj's Pink, We've, Minaj Organizations: Business, Afro Nation, AZ, New, IL, Ticketmaster, Gag Locations: Oakland , California, North America, Europe, Oklahoma City, Afro Nation Portugal, Oakland, Denver, Vegas, Seattle, WA, Phoenix, Inglewood, CA, Orleans, LA, Atlanta, Orlando, Nashville, TN, Charlotte, NC, Newark, NJ, Philadelphia, New York City, NY, Washington, Baltimore, Brooklyn, Hartford, Boston, Columbus, Milwaukee, Montreal, Canada, Toronto, ON, Detroit, MI, Chicago, Minneapolis, Houston, Dallas, Austin, Oklahoma, Amsterdam, Netherlands, Manchester, England, Birmingham, London, Glasgow, Scotland, Paris, France, Netherland, Cologne, Germany, Berlin, Copenhagen, Denmark, Stockholm, Sweden, Portugal, Inglewood , California, New Orleans, New York

☆ Linda Ronstadt’s Tucson
▼ + stars: | 2024-01-30 | by ( Abbie Kozolchyk | ) www.nytimes.com time to read: 1 min

The Ronstadts have been part of the Tucson music scene since her grandfather arrived from Mexico in 1882 and helped found the Club Filarmónico Tucsonense civic band. And perhaps no place highlights the family’s cultural legacy like the former Tucson Music Hall, rechristened the Linda Ronstadt Music Hall in May 2022. The naming ceremony took place during a mariachi spectacular that featured Jesús “Chuy” Guzmán, who’d recorded with Ms. Ronstadt on the 1987 “Canciones de Mi Padre” — still the best-selling non-English album in U.S. history. This ode to the borderland classics she’d grown up on was remastered and rereleased last fall, and there may be no better soundtrack for exploring her hometown. Here are five of her favorite places to visit in Tucson:1.

Persons: Linda Ronstadt, who’d, Ronstadt, ” — Organizations: Tucson Music Hall, Linda Ronstadt Music, Barrio Locations: Tucson, Mexico, Chuy, Guzmán

☆ They fell in love on vacation but went their separate ways. Four years later, she sent him an email: ‘Remember me?’
▼ + stars: | 2024-01-26 | by ( Francesca Street | ) edition.cnn.com time to read: +23 min

Long distanceAfter Dan visited Gabriella in Italy, Gabriella visited Dan in the US. Gabriella Vagnoli and Dan WatlingA couple of months later, Gabriella planned a trip to the US to visit Dan in Chicago. But despite being tired from the flight, Gabriella felt immediately welcomed by Dan’s family. Gabriella Vagnoli and Dan WatlingToday, Gabriella and Dan live in Seattle with their two teenage kids. While a love of adventure unites them, Gabriella and Dan insist they’re quite different in many other ways.

Persons: CNN — Gabriella Vagnoli, ”, Dan Watling, Dan, they’d, Gabriella, She’d, I’m, he’s, –, ” Gabriella, Gabriella Vagnoli, Bill Watling Gabriella, Loch, Bill “, He’d, ” Dan, Bill, “, ’, Gabi, Dan didn’t, she’d, Gabriella couldn’t, Skye, strode, Gabriella “, Read, Gabriella’s, he’d, Dan couldn’t, “ It’s, ’ ”, “ We’re, Dan Watling Gabriella, Siena, Dan’s, ‘ I’m, Dan Watling “, San Giuliano, who’d, “ Dan, ‘, Walter Moretti, “ Michelangelo, Dan haven’t, they’ve, they’re, He’s, it’s, we’re, Storr, ” “ Organizations: CNN, Google, CNN Travel, Scottish Highlands, Piazza del Campo, Italian, Chicago, Rio, “ Locations: Scotland, Italy, Loch Ness, Isle, Skye, Europe, Scottish, Germany, Portugal, Edinburgh, Chicago, Pisa, Rome, Urquhart, glens, 1111IESPDJ, America, Munich, Siena, Piazza, Bryce, Italian, Gabriella's, Galena , Illinois, Tuscan, San, Brazil, Rio de Janeiro, Rio, Seattle , Washington, Seattle

☆ Flying attack helicopters low on risky runs the way they do in Ukraine is far from easy, former Super Cobra pilot says
▼ + stars: | 2024-01-26 | by ( Chris Panella | ) www.businessinsider.com time to read: +8 min

Read previewUkraine's attack helicopter pilots are flying low and fast, navigating a dangerous battlefield where almost anything in the air is at risk. Ukrainian Mi-8 helicopters attack Russian positions with the use of unguided rockets. And then, of course, there is the serious threat of Russian surface-to-air missiles and other weapons, to include Russian aircraft. AdvertisementThe General Staff of the Armed Forces of Ukraine showed footage of the combat operation of the Mi-24 attack helicopter. Part of the larger problem facing Ukrainian helicopter pilots is identifying where threats are coming from in combat environments.

Persons: —, lew mede, eli, Hunter, ely, NIEL, IHAILE, e, orde, ines, Sergey Organizations: Service, Business, US Marine Corps, aff, kr, unt Locations: Ukraine, ain, sion, gilan, it use

☆ Passenger Spots Missing Bolts on Virgin Atlantic Flight, Canceled
▼ + stars: | 2024-01-23 | by ( Joey Hadden | ) www.businessinsider.com time to read: +4 min

The flight was canceled "to provide time for precautionary additional engineering maintenance checks," a Virgin Atlantic representative told Business Insider in a statement. AdvertisementThe missing bolts were not a safety concern, experts sayA Virgin Atlantic Airbus A330 flies over London in December 2022. "We'd like to apologize to our customers for the delay to their journeys," Virgin Atlantic told BI in a statement, and confirmed the plane is now back in service following an inspection. While not a safety issue, the recent Virgin Atlantic flight cancellation is not the first problem the airline has faced this year. On January 7, a Virgin Atlantic Airbus A330 traveling from Manchester to Barbados made an emergency landing after the smell of smoke filled the cockpit, The Independent reported.

Persons: —, Phil Hardy, John F, Hardy, Robert Smith, Neil Firth, Mathieu Lewis, Rolland, Getty Organizations: Service, Kennedy, Virgin Atlantic, New York Post, Business, Airbus, Kennedy News Agency, The Independent, Virgin Atlantic Airbus, Getty, Boeing, Alaska Airlines, Alaska Airlines Boeing, Max, National Transportation Safety Board, An Alaska Airlines, Portland International Airport, US Federal Aviation Administration, FAA, Independent Locations: Manchester, England, New York City, NYC, London, Portland , Oregon, Ontario , California, Barbados

☆ Pompeii 'curse' myth: Tourist returns stones stolen from ancient city with letter saying she has since been diagnosed with breast cancer
▼ + stars: | 2024-01-20 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

A woman claimed she was "cursed" after stealing artifacts from Pompeii. She said she was diagnosed with breast cancer within a year of taking pumice stones from the ruins. AdvertisementA woman who said she was diagnosed with breast cancer after stealing artifacts from Pompeii said she hadn't' known about "the curse," referencing a myth that stealing from the site brings bad luck. "I am a young and healthy female, and doctors said it was 'just bad luck.' "Please, take them back, they bring bad luck," she wrote, per The Guardian.

Persons: —, Gabriel Zuchtriegel, Zuchtriegel, bocca al lupo, Italy's RaiNews, Atlantide Phototravel, Nicole Organizations: Service, Daily Mail, Guardian, Reuters Locations: Italy, Atlantide, Canadian, Pompeii

She is one of this year's winners of an Andrew Carnegie Medal for Excellence, presented by the American Library Association. The fiction medal was awarded to Amanda Peters for her novel “The Berry Pickers,” a multi-generational story centered around the disappearance of a young Mi’kmaq girl from a blueberry field in Maine. “Amanda Peters’ stunning prose and evocative narrative enraptured us with the grief and longing of her characters. “I was 16 and sitting in the library and it changed the trajectory of my reading career," said Peters, who read the book at home. The Carnegie Medals were established in 2012 with the help of a grant from Carnegie Corporation of New York.

Persons: Roxanna Asgarian, ”, Andrew Carnegie, Roald Dahl's, Asgarian, Hart, Amanda Peters, “ Amanda Peters, Christina Wong’s, Daniel Innes ’, Jake Bittle’s “, Darrin Bell’s “, Peters, John Steinbeck's, “, ” Peters, ” Asgarian, Jennifer Egan, James McBride, Bryan Stevenson Organizations: —, Las Vegas, American Library Association, Carnegie, Dalhousie University, Acadia University, New York Public Library, History Research, Town, Carnegie Corporation of New Locations: Las, Dallas, America, Maine, San Diego, United States, Falmouth , Nova Scotia, Wolfville , Nova Scotia, New York City, New York, Carnegie Corporation of New York

☆ South Korea to ban production and sale of dog meat for human consumption
▼ + stars: | 2024-01-10 | by ( Associated Press | ) www.businessinsider.com time to read: +6 min

After a three-year grace period, the bill would make slaughtering, breeding and sales of dog meat for human consumption illegal from 2027 and punishable by 2-3 years in prison. Dog meat consumption, a centuries-old practice on the Korean Peninsula, is neither explicitly banned nor legalized in South Korea. Recent surveys show more than half of South Koreans want dog meat banned and a majority no longer eat it. But South Korea's dog meat industry has drawn more attention because of the country's reputation as a cultural and economic powerhouse. There is no reliable official data on the exact size of South Korea's dog meat industry.

Persons: —, Yoon Suk Yeol, JungAh Chae, It's, Won, Son, Kim Keon Hee, Song, ryung, Ju, Cheon JinKyung, Kim Myung, Jeong Yoon Hee Organizations: Service, Business, Assembly, Cabinet, National Assembly, Humane, The Associated Press, Farmers, Constitutional, Agriculture, Korea Animal Rights Locations: South Korea, Korea, China, Vietnam, Indonesia, North Korea, Seoul

☆ EU clears up to 1.2 bln euros of aid for cloud computing
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

European flags fly outside the European Commission headquarters in Brussels, Belgium September 20, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsBRUSSELS, Dec 5 (Reuters) - The European Commission approved on Tuesday up to 1.2 billion euros ($1.30 billion) of state aid for a European cloud computing project to try to boost the involvement of EU business in a field dominated by U.S. companies. Those countries will provide up to 1.2 billion euros in public funding, which in turn is expected to unlock 1.4 billion euros in private investments, the European Commission said. The European cloud technology project features 19 companies, including French companies Atos (ATOS.PA) and Orange (ORAN.PA), Deutsche Telekom (DTEGn.DE) and Germany's SAP (SAPG.DE), Telecom Italia (TLIT.MI) and Telefonica Espana (TEF.MC). The three biggest players in cloud computing are Amazon (AMZN.O), Microsoft (MSFT.O) and Google (GOOGL.O).

Persons: Yves Herman, Didier Reynders, Sudip Kar, Gupta, Piotr Lipinski, Philip Blenkinsop, Barbara Lewis Organizations: European Commission, REUTERS, Rights, U.S, Infrastructure, Services, IPCEI CIS, Union, Deutsche Telekom, SAP, Telecom Italia, Telefonica Espana, Microsoft, Google, Thomson Locations: Brussels, Belgium, France, Germany, Hungary, Italy, Netherlands, Poland, Spain

☆ Russia is ramping up its use of long-range glide bombs because Ukraine keeps shooting down its helicopters, war analysts say
▼ + stars: | 2023-12-04 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

Russia has been ramping up its use of powerful glide bombs, according to war analysts. Ukraine's tough air defense "is reportedly incentivizing" Russia to rely on the weapons, ISW said. Ukraine's military has previously sounded the alarm over Russia's use of glide bombs. AdvertisementRussia has been beefing up its use of long-range glide bombs because of Ukraine's tough air defenses along the front lines of Moscow's grinding war with Kyiv, according to war analysts. Ukraine's military has sounded the alarm over Russia's use of glide bombs — bombs modified with glide kits that allow for launches from greater distances, reducing the launching aircraft's exposure to enemy air defenses.

Persons: ISW, —, Oleksandr Shtupun, Shtupun, Hans Petter Midttun, Oleksiy Organizations: Service, The, Centre of Defence, Razumkov Center Locations: Russia, Kyiv, Washington, DC, Russian, Zaporizhzhia, Ukraine, Ukrainian

☆ I traveled to over 7 countries in 2023. Here are 4 of the most affordable cities I visited.
▼ + stars: | 2023-12-04 | by ( Dominique Mills | ) www.businessinsider.com time to read: +5 min

I traveled to over seven countries in 2023, and some places stood out for being budget-friendly. Porto, Portugal, and Chiang Mai, Thailand, offered affordable accommodations and fun activities. Here are the four most affordable places I visited in 2023. Chiang Mai, Thailand, was culture-rich and inexpensiveChiang Mai, Thailand, was inexpensive but beautiful. Dominique MillsNestled in the lush greenery of Northern Thailand, Chiang Mai is one of my favorite cities to visit.

Persons: Chiang, —, Dominique Mills, Chiang Mai, Koh Samui, Dominique Mills I've Organizations: Service, UNESCO, US Department of State Locations: Porto, Portugal, Chiang Mai, Thailand, Hanoi, Vietnam, Douro, Northern Thailand, Bangkok, Old City, Soi, Prabang, Laos, Luang Prabang, Asia, Vientiane, Indochina

☆ Serbia's Vucic says electric Fiat Panda model to be produced in Serbia
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

[1/3] Italian Prime Minister Giorgia Meloni receives an honour guard, while walking with Serbian President Aleksandar Vucic, in Belgrade, Serbia, December 3, 2023. REUTERS/Zorana Jevtic Acquire Licensing RightsBELGRADE, Dec 3 (Reuters) - Serbian President Aleksandar Vucic said on Sunday he expects automaker Stellantis (STLAM.MI) to produce an electric Fiat Panda city car in the central town Kragujevac. Vucic said that the production of electric Panda would boost trade between Italy and Serbia above the current 4.6 billion euros a year. The current generation of the Fiat Panda is built near Naples in Italy, and the new model is expected around mid-2024. Stellantis, created in 2021 through the merger of France's PSA and Fiat Chrysler, and the Serbian government in 2022 signed a 190 million euro deal to produce electric vehicles in the Kragujevac plant which previously produced the Fiat 500L model.

Persons: Giorgia Meloni, Aleksandar Vucic, Zorana, Vucic, Stellantis, Ivana Sekularac, Alvise Armellini, Alison Williams Organizations: Serbian, REUTERS, Rights, Fiat Panda, Fiat, France's PSA, Fiat Chrysler, Thomson Locations: Belgrade, Serbia, Serbian, Kragujevac, Italy, Naples

☆ China's respiratory illness rise due to known pathogens, official says
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +1 min

SHENZHEN, China, Dec 2 (Reuters) - China's surge in respiratory illness is caused by known pathogens and there is no sign of new infectious diseases, a health official said on Saturday as the country faces its first full winter since lifting strict COVID-19 restrictions. The spike in illness in the country where COVID emerged in late 2019 attracted the spotlight when the World Health Organization sought information last week, citing a report on clusters of undiagnosed pneumonia in children. Chinese authorities will open more paediatric outpatient clinics, seek to ensure more elderly people and children receive flu vaccines and encourage people to wear masks and wash their hands, Mi Feng, an official with China's National Health Commission, told a press conference. Doctors in China and experts abroad have not expressed alarm about China's outbreaks, given that many other countries saw similar increases in respiratory diseases after easing pandemic measures, which China did at the end of last year. Reporting by David Kirton; Editing by Lincoln Feast and William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Mi Feng, David Kirton, Lincoln, William Mallard Organizations: World Health Organization, China's National Health Commission, Thomson Locations: SHENZHEN, China

☆ China's respiratory illness rise due to known pathogens - official
▼ + stars: | 2023-12-02 | by ( ) www.cnbc.com time to read: +1 min

A child gets an intravenous drip at a hospital in Hangzhou in east China's Zhejiang province. China's surge in respiratory illness is caused by known pathogens and there is no sign of new infectious diseases, a health official said on Saturday as the country faces its first full winter since lifting strict COVID-19 restrictions. The spike in illness in the country where COVID emerged in late 2019 attracted the spotlight when the World Health Organization sought information last week, citing a report on clusters of undiagnosed pneumonia in children. Chinese authorities will open more paediatric outpatient clinics, seek to ensure more elderly people and children receive flu vaccines and encourage people to wear masks and wash their hands, Mi Feng, an official with China's National Health Commission, told a press conference. Doctors in China and experts abroad have not expressed alarm about China's outbreaks, given that many other countries saw similar increases in respiratory diseases after easing pandemic measures, which China did at the end of last year.

Persons: Mi Feng Organizations: World Health Organization, China's National Health Commission Locations: Hangzhou, Zhejiang province, China

☆ What the Scale of Displacement in Gaza Looks Like
▼ + stars: | 2023-12-02 | by ( Zach Levitt | Amy Schoenfeld Walker | ) www.nytimes.com time to read: +7 min

That number is expected to rise after Israel issued a new evacuation order on Saturday for areas in the south. WEST BANK North Gaza GAZA STRIP Israel Mediterranean Sea Gaza 75,000 Area of initial evacuation order 5,000 Deir al Balah Number of people Khan Younis Area of Dec. 2 evacuation order ISRAEL GAZA STRIP Rafah EGYPT 5 mi. North Gaza WEST BANK GAZA STRIP Area of initial evacuation order Israel Mediterranean Sea Gaza 75,000 Deir al Balah 5,000 Number of people Khan Younis Area of Dec. 2 evacuation order GAZA STRIP ISRAEL Rafah 5 mi. Schools that have sheltered displaced people and have been damaged Minor Moderate Major damage WEST BANK North Gaza GAZA STRIP Israel Area of initial evacuation order Gaza Mediterranean Sea Deir al Balah Area of Dec. 2 evacuation order Khan Younis ISRAEL GAZA STRIP Rafah EGYPT 5 mi. North Gaza WEST BANK GAZA STRIP Mediterranean Sea Israel Area of initial evacuation order Gaza Deir al Balah ISRAEL Khan Younis Area of Dec. 2 evacuation order GAZA STRIP Rafah 5 mi.

Persons: Salah al, ”, Yousef Hammash, Khan Younis, Ahmad Hasaballah, Samar Abu Elouf, al Balah ISRAEL, Mr, Hammash, “, North Gaza Gaza Deir al Balah Khan Younis, Deir al Balah, Mohammed Salem, Omar El Organizations: Din, Maxar Technologies, Israel, United Nations Office, Humanitarian Affairs, United Nations, WEST BANK, “, Norwegian Refugee Council, The New York Times, UNICEF, World Health Organization, Reuters, Agence France Locations: Gaza City, GAZA, Israel, Gaza, WEST, Gaza GAZA, ISRAEL GAZA, Rafah EGYPT, Deir al, ISRAEL Rafah, EGYPT, United, Samar, Gaza’s, al Balah, Khan Younis ISRAEL GAZA, al, al Balah ISRAEL Khan, North Gaza, North Gaza Gaza Deir al, North Gaza Gaza Deir al Balah Khan Younis Rafah, Deir, Rafah, Omar

☆ Wordline shares surge on report Credit Agricole could take stake
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

The logo of payments company Worldline is seen at the company headquarters in the financial and business district of La Defense, near Paris, France, October 26, 2023. REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsPARIS, Dec 1 (Reuters) - Shares in Worldline (WLN.PA) surged almost 12% on Friday after a media report said Credit Agricole (CAGR.PA) was considering acquiring a stake in the French payment processing company. Other French financial institutions could also look at playing a role in Worldline's future, Bloomberg added, citing some of the people. Italian payments company Nexi (NEXII.MI) last month confirmed its guidance while the Netherlands' Adyen (ADYEN.AS) reassured the market with its "more realistic" medium-term guidance. Worldline shares have fallen more than 58% this year.

Persons: Gonzalo Fuentes, Piotr Lipinski, Sharon Singleton, Kirsten Donovan Organizations: La Defense, REUTERS, Rights, Bloomberg, Credit, Thomson Locations: La, Paris, France, Worldline, Germany, cybercrime, Netherlands

Even including the sale of Heathrow, this year is the slowest for airport transactions in the past decade, totalling $5.9 billion globally to date, according to Dealogic data. They have hired Mediobanca (MDBI.MI) and Credit Agricole (CAGR.PA) to find a buyer for a sale of their 49% stake in the company, the people said. Heathrow's sale valued the airport at 14.3 times EBITDA, according to JP Morgan analysis published on Wednesday. UK's Esken (ESKN.L), owner of regional Southend Airport, said in June it had started a process for the sale of the airport. On Thursday, Hungary's state-owned Corvinus and Vinci Airports notified the European Commission of a proposed joint takeover of Budapest's airport, according to a document posted on the EU website.

Persons: Andras Kranicz, GIP, Australia's Macquarie, Spain's, Ferrovial, Agata Lyznik, Mediobanca, Gianni, Origoni, Nico Torrisi, Morgan, UK's, France's Vinci, Vinci, Corvinus, Emma, Victoria Farr, Andres Gonzalez, Elisa Anzolin, Joanna Plucinska, Mathieu Rosemain, Anousha Sakoui, Elaine Hardcastle Organizations: LONDON, Heathrow, BNP, Global Infrastructure Partners, AGS Airports, Southampton, Australia's, International, ACI, Airports, Macquarie, Credit Agricole Assurance, 2i, Credit, SAC, Gatwick, Southend Airport, Global Infrastructure Fund, Vinci Airports, European Commission, EU, Thomson Locations: Edinburgh, Italy, FRANKFURT, Spanish, Europe, Aberdeen, Glasgow, Heathrow, France, Hungary's, Budapest's

☆ Intesa CEO says bank profits at peak
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: 1 min

Carlo Messina, Chief Executive Officer of Intesa Sanpaolo bank, looks on during a meeting in Rome, Italy April 18, 2023. REUTERS/Remo Casilli/File Photo Acquire Licensing RightsMILAN, Nov 30 (Reuters) - Bank profits are close to peaking, and net fees will again play a prominent role from next year, giving an edge to banks such as Intesa Sanpaolo (ISP.MI) which has a diversified business model, Chief Executive Carlo Messina said on Thursday. "There is no doubt that we are currently in a peak phase for bank profits," Messina said. Italian banks have posted record profits this year thanks to higher interest rates, which lifted lending costs while deposit returns remained very low. Reporting by Valentina Za, editing by Gianluca SemeraroOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlo Messina, Remo Casilli, Messina, Valentina Za, Gianluca Semeraro Organizations: REUTERS, Bank, Thomson Locations: Sanpaolo, Rome, Italy

☆ Intesa's CET1 requirement under SREP process rises to 9.32%
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: 1 min

Intesa San Paolo bank headquaters is seen in Turin, Italy, November 7, 2018. The ECB had set the same threshold at 8.88% for the current year. The new requirement kicks in on Jan. 1, 2024. The increase to 2023 stems mostly from a buffer that 'Other Systemically Important Institutions' (O-SII) are due to hold, which stands at 1.25% for 2024 versus 0.75% in 2023. The countercyclical buffer requirement also inched up slightly to 0.23% from 0.16%, Intesa said.

Persons: headquaters, Stefano Rellandini, Intesa, Valentina Za, Jonathan Oatis Organizations: REUTERS, European Central Bank, ECB, Thomson Locations: Paolo, Turin, Italy

☆ Italy's competition watchdog stops Intesa moving clients to mobile bank
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +3 min

Intesa Sanpaolo bank logo and stock graph are seen displayed in this illustration taken, May 3, 2022. Italy's AGCM antitrust authority opened a probe earlier this month into the way Intesa was transferring clients to Isybank after a raft of complaints which the watchdog said had now reached 5,000. It wants Intesa to only move clients who explicitly give their consent. Isybank targets 4 million Intesa customers under 65 who only access their banking services remotely. The group migrated the first 300,000 Intesa account holders in October and plans to shift another 2 million in March.

Persons: Dado Ruvic, Intesa, AGCM, Carlo Messina, Antonio Valitutti, Isybank, Valentina Za, Giulia Segreti, Christina Fincher, Jane Merriman, Susan Fenton Organizations: REUTERS, Bank of Italy, European Central Bank, Thomson Locations: Italy

☆ Ford takes $1.7 billion profit hit from UAW strike
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +3 min

The automaker now expects adjusted earnings before interest and taxes (EBIT) of $10 billion to $10.5 billion for 2023. In July, it forecast adjusted EBIT of $11 billion to $12 billion. Ford said the new outlook included $1.6 billion in lost profits in the fourth quarter due to interruptions in production of high-margin trucks and SUVs. A month into the strikes, Ford said the company was "at the limit" of what it could spend on higher wages and benefits. The deal UAW leaders finally approved included a pay hike of at least 30% for full-time workers and more than double pay for others.

Persons: David, Dee, Delgado, Ford, Shawn Fain, walkouts, Bill Ford, Tesla, Nathan Gomes, Anil D'Silva Organizations: New York, REUTERS, Ford, GM, UAW, Canadian, Chrysler, EV, Thomson Locations: Manhattan , New York City, U.S, United States, Michigan, Bengaluru

☆ 50 cities showing where rents are surging or dropping compared to home values — and how to determine whether it's worth buying or renting, according to experts
▼ + stars: | 2023-11-30 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

But home prices are still on the rise, according to a November 28 note from Selma Hepp, the chief economist at CoreLogic. The outcome is that many remain renters, which drives up demand for rental property and the cost of rent. If the cost of rent is 20% below the price of owning a home monthly, then it may be comparable. Rent prices are based on listings from Rent.com. For example, take the cost of rent over five years; let's say it's $3,000 x 12 months = $36,000 annually.

Persons: Selma Hepp, they'll, Suzanne Miller, Miller, Price, Shmuel Shayowitz, Shayowitz Organizations: Business, Home, Empire State, Seattle -, Dallas, Fort, Redfin, Kansas, Jacksonville, Birmingham, NA Milwaukee, Phoenix, Boston, Orlando, Virginia, KY, UT, Oklahoma Locations: Redfin . Metro, Seattle, Dallas, Seattle - Tacoma, Bellevue, Everett, Tacoma, Fort Worth, Metro, Columbus, Providence, RI, Kansas City, Angeles, Buffalo, NY, Indianapolis, York, Hartford, Jose, Antonio, Minneapolis, Detroit, MI, Virginia Beach, Louis, Washington, San Diego, Atlanta, Richmond, Cincinnati, San Francisco, Philadelphia, Tampa, WA, Denver, Riverside, CA, Cleveland, Baltimore, Pittsburgh, Charlotte, NC, Orleans, LA, Nashville, TN, Memphis, Raleigh, Louisville, Jefferson County, Houston, Salt Lake City, Miami, Chicago, Sacramento, Vegas, Portland, Austin, New York City

☆ A Masterpiece That Inspired Gabriel García Márquez to Write His Own
▼ + stars: | 2023-11-29 | by ( Valeria Luiselli | ) www.nytimes.com time to read: +3 min

But at its core, “Pedro Páramo” is a tale of two journeys, or perhaps one journey that unfolds into two. The narrator, Juan Preciado, goes to his parents’ hometown after his mother dies, seeking his long-estranged father, Pedro Páramo. If where and when we are in “Pedro Páramo” is constantly shifting, then sound is the swift and sinuous vehicle that carries us through it. (It was a fun experiment, and we shared the results with the sound designers of a forthcoming “Pedro Páramo” film. They wrote back to say they were inspired by our sound lists and wanted to credit the students.)

Persons: Pedro Páramo ”, Juan Preciado, ’, Pedro Páramo, Margaret Sayers Peden, “, Douglas J, ” Locations: Weatherford, “

☆ EVs struggle with reliability due to charging, battery issues - Consumer Reports survey
▼ + stars: | 2023-11-29 | by ( Nathan Gomes | ) www.reuters.com time to read: +2 min

On average, new EVs had 79% more problems than gasoline-powered vehicles, Consumer Reports' 2023 Annual Auto Reliability survey showed. "For the legacy automakers, (EVs) are really new technologies, so they don't have a lot of experience with batteries, charging and motors." Jake Fisher, senior director of Auto Testing at Consumer Reports, said in an interview with Reuters. Consumer Reports survey covers 20 problem areas including engine, electric motors, transmission and in-car electronics. "Even with monumental shifts in the auto marketplace, what matters most to consumers remains the same: finding safe, reliable cars," said Marta Tellado, President and CEO of Consumer Reports.

Persons: Albert Gea, Jake Fisher, Fisher, Elon, Stellantis, Marta Tellado, Nathan Gomes, Shweta Agarwal Organizations: REUTERS, Electric, Consumer, Auto Testing, Reuters, U.S, General Motors, Buick, Benz, Chrysler, Lexus, Toyota, Thomson Locations: Barcelona, Spain, U.S, North America, Bengaluru

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