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CNN —FC Barcelona President Joan Laporta is officially being investigated as a “suspect” in the ongoing alleged improper payment scandal, according to court documents obtained by CNN – the latest twist in a scandal overshadowing the club and Spanish soccer. The investigation relates to alleged improper payments made by Barça to José María Enríquez Negreira, a former leading refereeing official in Spain. CNN has reached out to FC Barcelona for comment from Laporta but has yet to hear back. Laporta began his second term as club president in 2021. “As such, the statute of limitations of the crimes referred to previously has not expired in respect to [Laporta], as well as those people who were members of the Board of Directors of FC Barcelona respectively during his leadership,” Wednesday’s court document read.
Persons: Joan Laporta, , Barça, Judge Joaquín Aguirre López, Enríquez Negreira, Javier, Aguirre López, , , Judge Aguirre López, Negreira, invoiced, Blaugrana, Xavi, Caso, Juan Manuel Serrano Arce, Laporta’s, Laporta, Pau Mosquera Organizations: CNN — FC Barcelona, CNN, Spanish, 1st, FC Barcelona, Mundo Deportivo, Caso, Prosecutors, CTA, Osasuna, Barcelona, Estadio El Locations: Spain, Barcelona, Spanish, Estadio El Sadar
Gabriel Martinelli's late goal handed Arsenal a 1-0 win over defending champion Manchester City on Sunday, ending a 12-game losing streak in the league against Pep Guardiola's team in the process. City pipped Arsenal to the title by five points last term, in part by beating the Gunners 3-1 away and 4-1 at home. In fact, Arsenal had not taken a point against City in the league since 2017, its longest losing streak against a single opponent in club history. City as a team only had four shots in the game, its lowest total ever under Guardiola in a Premier League game. Newcastle was denied a fifth straight win in all competitions, including an 8-0 victory over Sheffield United in the league.
Persons: Gabriel Martinelli's, Pep Guardiola's, Mikel Arteta's, Martinelli, hadn't, Erling Haaland, Guardiola, ” Guardiola, Bukayo Saka, Thomas Partey, Takehiro Tomiyasu, Kai Havertz, Martinelli —, Partey, Nathan Ake's, City's, Arteta, Virgil van Dijk, Alexis Mac Allister, Lewis Dunk, Mohamed Salah, Van Dijk, Mac Allister, Simon Adingra, Alisson Becker, , Klopp, Alexander Isak, Germain, Mohammed Kudus, Isak, Tomas Soucek, Wolverhampton . Pau Torres, Hwang, Hee Chan, ___ Organizations: Emirates, Premier League, Arsenal, Manchester City, Tottenham, City, City pipped Arsenal, Gunners, Wembley, Rodri, Wolves, Bukayo, LIVERPOOL, Liverpool, Brighton, NEWCASTLE, WEST HAM, Paris Saint, Champions League, Man, English League, Newcastle, West, Sheffield United, Aston Villa, Premier League’s, Wolverhampton . Pau, Villa Locations: City pipped, City, Liverpool, West Ham
LONDON, Oct 8 (Reuters) - Arsenal moved level on points with neighbours Tottenham Hotspur at the top of the Premier League after beating champions Manchester City on Sunday as Liverpool were held to a 2-2 draw at Brighton & Hove Albion. Mohammed Kudus scored an 89th-minute equaliser to earn West Ham a point against Newcastle United in a 2-2 draw and Aston Villa stayed fifth in the standings after drawing 1-1 at Wolverhampton Wanderers. Arsenal came into the match having not beaten City in the league since 2015, a run of 15 games -- their longest winless streak against a single opponent in league history. Arsenal did not have a single shot on target in the opening period, but upped the tempo after the break. West Ham retained their grip on seventh place while Newcastle are eighth, a point behind.
Persons: Mohammed Kudus, Aston Villa, Declan Rice, Martinelli, Nathan Ake, Ederson, Mikel Arteta, Lewis Dunk, Mohamed Salah's, Simon Adingra, Alexis Mac Allister, Salah, Dominik Szoboszlai, Dunk, Juergen Klopp, Alexander Isak's quickfire, Tomas Soucek, West, Kudus, Ham, Defender Pau Torres, Villa, Hwang Hee, chan, Pedro Neto's, Torres, Ollie Watkins, Mario Lemina, Peter Hall, Ed Osmond Organizations: Arsenal, Tottenham Hotspur, Premier League, Manchester City, Liverpool, Brighton & Hove Albion, West, Newcastle United, Aston, Wolverhampton Wanderers, Emirates, Spurs, Brighton, Seagulls, Sky Sports, London, Newcastle, Defender, Wolves, Thomson Locations: West Ham, BRIGHTON, Liverpool
CNN —FC Barcelona and several of the soccer club’s current and former executives are officially being investigated as suspects for “the sustained crime of active bribery,” according to a court document obtained by CNN – the latest twist in an alleged improper payment scandal overshadowing Spanish soccer. The investigation relates to alleged improper payments made by Barcelona to José María Enríquez Negreira, a former leading refereeing official in Spain. The spokesperson declined to share more details about the search but said that no arrests are expected to be made. He added that in his opinion the payments “produced the desired effects on referees,” resulting in “consequent systemic corruption in … Spanish refereeing” affecting soccer in the country. CNN has reached out to Negreira via his company for comment but did not immediately receive a response.
Persons: , , Javier Soriano, invoiced, Negreira, ” Judge Joaquín Aguirre López, Aguirre López, , Barça, Caso, Xavi, Juan Manuel Serrano Arce, Javier Tebas, Los Blancos, CNN’s Matt Foster Organizations: CNN — FC Barcelona, CNN, Spain’s Civil Guard, Royal Spanish Football Federation, Guardia Civil, An FC Barcelona, Caso, Spanish, AFP, Getty, Prosecutors, CTA, 1st, La Liga, Barcelona, Osasuna, Civil Guard, Real, Real Madrid, UEFA Locations: Barcelona, Spain, Guardia, Spanish, Real Madrid
CNN —Former Spain women’s soccer coach Jorge Vilda, Spanish national team director Albert Luque, and Royal Spanish Football Federation (RFEF) marketing director Rubén Rivera have been summoned to testify as suspects as part of the case against RFEF’s former president Luis Rubiales, Spain’s National Court announced on Wednesday. “The judge of the National Court Francisco de Jorge has summoned former women’s national team coach Jorge Vilda and men’s national team director, Albert Luque, and RFEF marketing director, Rubén Rivera, to testify as suspects in the case … on October 10,” the court said in a statement. Patricia Pérez, press manager of the women’s team and Miguel Garcia Caba, RFEF’s former director of integrity are set to testify on Thursday, according to the court. The naming of Vilda and the others as suspects comes as the Spain’s women’s national team looks to move on from the incident which marred its World Cup celebrations. However, despite being called up to the national team, many players had refused to participate until sweeping, structural changes were made by RFEF.
Persons: Jorge Vilda, Albert Luque, Rubén Rivera, Luis Rubiales, Jennifer Hermoso, Luque, Rivera, Francisco de Jorge, , , Patricia Pérez, Miguel Garcia Caba, Caba, RFEF, Linnea Rheborg, Rubiales, de Jorge Organizations: CNN, Spain women’s, Spanish, Royal Spanish Football Federation, National, men’s, ” CNN, Women’s Nations League Locations: Rubiales, Spain, Sweden, Vilda, Switzerland
PARIS, Sept 24 (Reuters) - Randal Kolo Muani and Goncalo Ramos scored their first goals for Paris St Germain as the French champions crushed bitter rivals Olympique de Marseille 4-0 in Ligue 1 on Sunday. Kolo Muani and Ramos, with a brace, added to Achraf Hakimi's early opener to lift PSG up to third in the standings with 11 points from six games, two behind surprise leaders Stade Brestois. Marseille, who have had a rough week off the field amid a feud with their fans, are seventh on nine points. The night ended with PSG fans in the Boulogne kop celebrating with homophobic chants, and a big part of the crowd clapping along. The chants briefly stopped when Ramos scored the fourth goal after being set up by Kolo Muani at the end of a sharp counter-attack.
Persons: Randal Kolo Muani, Goncalo Ramos, Paris St Germain, Kolo Muani, Ramos, Achraf, Kylian Mbappe, We're, Luis Enrique, Marcelino, Pablo Longoria, Frank McCourt, Jacques Abardonado, Enrique, Hakimi, Mbappe, Marcelo Ramos, Bradley Barcola, Pau Lopez's, Muani, Azzedine, Ilian, Ousmane Dembele's, Morgan Guilavogui, Julien Pretot, Clare Fallon Organizations: Paris St, Olympique de Marseille, Ligue, PSG, Stade Brestois, Parc des Princes, Marseille, OM, Vitinha, RC Lens, Toulouse, Sevilla, Champions League, Thomson Locations: Parc des, Provence, France, Marseille, Boulogne
China's AI 'war of a hundred models' heads for a shakeout
  + stars: | 2023-09-21 | by ( Josh Ye | ) www.reuters.com   time to read: +5 min
Additionally, companies have also announced dozens of "industry-specific LLMs" that link to their core model. However, investors and analysts say that most were yet to find viable business models, were too similar to each other and were now grappling with surging costs. Several other big name entrepreneurs and tech executives are behind new Chinese AI startups, such as Google China's former chief Kai-Fu Lee and Yan Juejie, a former vice-president of SenseTime (0020.HK). Others said that China's largest tech companies Alibaba, Tencent and Baidu ultimately had the biggest headstart and deep pockets to succeed, given their large user bases and wide range of services. For instance, they could easily offer generative AI services as an additional plug-in to their cloud users.
Persons: Baidu's, Robin Li, Ernie Bot, Tingshu Wang, OpenAI's, Esme Pau, Pau, Yuan Hongwei, Meta, Baichuan, Wang Xiaochuan, China's, Wang, Yuan, Kai, Fu Lee, Yan Juejie, SenseTime, Tony Tung, Tung, Josh Ye, Brenda Goh, Sam Holmes Organizations: Baidu, REUTERS, HK, Huawei, Nvidia, China, Macquarie Group, Y, Baichuan Intelligence, Inc, Sogou, Google, Partners, Thomson Locations: Beijing, China, HONG KONG, Alibaba, United States, Washington, Shenzhen
“We wish to end this statement expressing that the players of the Spanish women’s national team are professional players, and what most fills us with pride is putting on the shirt of the national team and always taking our country to the highest places. World players’ union FIFPRO posted on X in support of the players’ decision saying, “FIFPRO fully supports the Spain Women’s National Team in their united call for change. The identical letters said that “the situation” within the Spanish national team – about which RFEF was “aware” – had been affecting the players’ “emotional state” and health. Of the 15 players who signed the letters, only three were in Spain’s World Cup squad: Mariona Caldentey, Aitana Bonmatí and Ona Batlle. Despite their youth and relative inexperience, the Spanish players produced an impressive performance Down Under.
Persons: Luis Rubiales, Jennifer Hermoso, Rubiales, RFEF, d’Or Féminin, Alexia Putellas, , FIFPRO, Pau Gasol, , Hermoso, Pedro Rocha, Jorge Vilda, Montse Tomé, Rocha, Víctor, Tomé, Thomas Coex, ” –, Mariona, Aitana, Ona Batlle, Amanda Perobelli, Spain’s Organizations: CNN, Women’s Nations League, Royal Spanish Football Federation, Spanish women’s, , Spain Women’s National Team, High Council of Sport, Sweden, Getty, Spanish, Reuters, Vilda Locations: Spanish, Spain, , RFEF, Switzerland, Madrid, AFP, Australia, New Zealand, Netherlands, Sweden, women’s
MANILA, Sept 9 (Reuters) - A first-time winner will be crowned on Sunday when Serbia and Germany lock horns in the first all-European final at the FIBA World Cup since 2006. Reaching the final allowed Serbia and Germany to exorcise forgettable 2019 campaigns. Serbia were knocked out in the quarter-finals, while Germany finished a lowly 18th. "It is great to see two teams that have earned their way," Spain's Pau Gasol, the World Cup global ambassador, said in a talk show on Saturday. The Germans have won three of their five tussles against Serbia, including their last two meetings.
Persons: Nikola Milutinov, Spain's Pau, Germany's Andreas Obst, Nobody, it's, Serbia's Filip Petrusev, Nikola Jokic, Simanic, Neil Jerome Morales, Pritha Sarkar Organizations: FIBA, Spain's Pau Gasol, Reuters, Philadelphia 76ers, Canada, NBA, Thomson Locations: MANILA, Serbia, Germany, Spain, United States, Manila, Sudan
The next thing Bird knew, the medal was being passed up and down the aisles so everyone could touch it. FIBA formally introduced Bird, the now-retired U.S. great, on Friday as the global ambassador for the 2026 Women’s Basketball World Cup that will be played in Berlin. Bird takes the role from Pau Gasol, who served as ambassador for the 2022 women's tournament in Sydney. “What’s really symbolic about that moment is when you’re representing your country, it’s not just you,” Bird said in Manila, where the men’s World Cup is wrapping up this weekend. And I’m sure she’ll get others also to join her.”Bird is the only player with four women's World Cup gold medals.
Persons: Sue Bird, Bird, Pau Gasol, , it’s, ” Bird, “ It’s, It’s, , ” Gasol, Sue, I'm, she’ll, Andreas Zagklis, Organizations: Athens Olympics, FIBA, women’s, USA Basketball's, WNBA, Tokyo, Basketball Hall of Fame, Tokyo Games, Seattle Storm, U.S . Locations: MANILA, Philippines, Berlin, Sydney, Manila, USA, Connecticut
CNN —The Spanish national prosecutor has filed a complaint against the suspended president of Spain’s soccer federation, Luis Rubiales, “for the crimes of sexual assault and coercion against Jennifer Hermoso,” according to a press release. On Tuesday, La Roja star Hermoso filed an official complaint with prosecutors against Rubiales over an unwanted kiss after the Women’s World Cup final, leading to this new development. The official complaint from the prosecutor’s office is the next step in the process for the Spanish justice system to proceed with a case against Rubiales, who has refused to quit as president of the Royal Spanish Football Federation (RFEF). “The complaint is filed after, on September 5, the player appeared before the prosecutor, accompanied by her lawyer, and expressly made a complaint of the events that, according to her statement, occurred without her consent,” the press release by the prosecutor’s office added. More to follow.
Persons: Luis Rubiales, Jennifer Hermoso, Hermoso, Rubiales Organizations: CNN, Spanish, Rubiales, Royal Spanish Football Federation Locations: Spanish
CNN —Spanish star player Jennifer Hermoso has filed an official complaint with prosecutors against the president of the country’s soccer federation, Luis Rubiales, over an unwanted kiss after the Women’s World Cup final. The complaint was filed on Tuesday, a spokesperson for the Spanish prosecutor’s office told CNN. Rubiales has apologized and described the kiss after the Spanish national team’s victory at the World Cup final on August 20 as “mutual” – a claim Hermoso denied, saying she was not respected. The unwanted kiss has prompted a major shake-up in Spanish soccer, with the government pushing for Rubiales to resign and RFEF removing Jorge Vilda from his role as coach of the women’s national team. He was replaced by Montse Tomé, the first woman in Spanish national team history to hold the position.
Persons: Jennifer Hermoso, Luis Rubiales, , Rubiales, Hermoso, TAD, Jorge Vilda, Montse Tomé, , , Pedro Rocha, Vilda, Tomé, Rocha, Víctor, , Verónica Boquete, ” Boquete Organizations: CNN, Spanish, Royal Spanish Football Federation, FIFA, women’s, Interim, High Council of Sport, Nations League, Sweden, Cadena COPE Locations: Spanish, Rubiales, Spain, RFEF
MADRID, Sept 1 (Reuters) - Barcelona's 16-year-old forward Lamine Yamal received a first senior call-up for Spain, as manager Luis de la Fuente named his squad on Friday for next week's Euro 2024 Group A matches against Georgia and Cyprus. Yamal, who has a Moroccan father, was born and raised in Spain. He is a Spain youth international and his call-up for the senior side will end the hopes of Moroccan fans that he could be persuaded to switch allegiance. He was a stalwart of Spain's youth teams and is a footballer with exceptional power. Reporting by Fernando Kallas Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.
Persons: Lamine Yamal, Luis de la Fuente, Yamal, De la Fuente, Kepa Arrizabalaga, David de Gea, Unai Simon, Kepa, David Raya, Dani Carvajal, Aymeric Laporte, Cesar Azpilicueta, Robin Le Normand, David Garcia, Pau Torres, Alejandro Balde, Rodri, Martin Zubimendi, Fabian Ruiz, Mikel Merino, Alex Baena, Dani Olmo, Alvaro Morata, Marco Asensio, Lamine, Nico Williams, Abel Ruiz, Fernando Kallas, Toby Davis Organizations: Georgia, Villarreal, Manchester United, Athletic, Arsenal, Thomson Locations: MADRID, Spain, Cyprus, LaLiga, Moroccan, Barcelona, Real Madrid, Gaya
CNN —Spanish prosecutors have opened an investigation that could end in sexual aggression charges against the country’s soccer federation boss Luis Rubiales. The case centers on the unwanted kiss Rubiales gave to star player Jenni Hermoso as Spain won the Women’s World Cup on August 20, according to a Monday statement from the Spanish Prosecutors Office. The soccer boss and the RFEF have been embroiled in controversy ever since he kissed 33-year-old attacker Hermoso on the lips after Spain won its first Women’s World Cup title with victory against England. In response to Rubiales’ decision to stay, RFEF vice president Rafael del Amo and 11 members of the Spanish national women’s soccer program have resigned. Hermoso and her World Cup teammates said that they would not play again for Spain until Rubiales has been removed from his position.
Persons: Luis Rubiales, Rubiales, Jenni Hermoso, Jennifer Hermoso, Ángeles Béjar, , Hermoso, , Rafael del Amo Organizations: CNN, Spanish Prosecutors, Spanish, FIFA, Spain, England Locations: Spain, Motril, Granada,
Cash double helps Villa to 3-1 win at Burnley
  + stars: | 2023-08-27 | by ( ) www.reuters.com   time to read: +2 min
BURNLEY, England, Aug 27 (Reuters) - Defender Matty Cash scored twice in the first half as Aston Villa won 3-1 at Burnley in the Premier League on Sunday to continue their winning run. Watkins and substitute Nicolo Zaniolo spurned late golden opportunities but Villa coasted to a second league win and provisionally climbed to sixth in the standings. Burnley's second straight loss left them down in 18th, though they have played only two games after last week's fixture at Luton Town was postponed due to stadium works at Kenilworth Road. Burnley travel to Nottingham Forest in the League Cup on Wednesday and Villa host Hibernian in the second leg of a Europa Conference League playoff tie on Thursday. Villa won the first leg 5-0.
Persons: Matty Cash, Cash, Ollie Watkins, Moussa Diaby's cutback, Hannes Delcroix, Vincent Kompany's Burnley, Lyle Foster outmuscled Pau Torres, Robin Olsen, Olsen, Villa, Watkins, Nicolo Zaniolo, Villa coasted, Aadi Nair, Ed Osmond Organizations: BURNLEY, Aston Villa, Burnley, Premier League, Villa, Newcastle United, Poland, Anderlecht, Luton Town, Nottingham Forest, League, Wednesday, Hibernian, Europa Conference League, Thomson Locations: England, Belgian, Diaby, Bengaluru
South Africa flyhalf Jantjies reveals failed drug test
  + stars: | 2023-08-26 | by ( ) www.reuters.com   time to read: +2 min
Aug 26 (Reuters) - South Africa flyhalf Elton Jantjies said he had tested positive for the banned substance Clenbuterol, but denies intentionally ingesting the substance as he faces a ban that could end his career. Janties played for French second-tier side Pau this past season and has not turned out for the Boks this year. South African Rugby confirmed they are aware of the failed test. "SA Rugby has noted the statement issued on behalf of Elton Jantjies and confirms it was advised of the adverse finding. Former Springbok wing Aphiwe Dyantyi has recently returned to professional rugby following a four-year ban after he failed a drugs test in December 2019.
Persons: South Africa flyhalf Elton Jantjies, Jantjies, Janties, Elton Jantjies, Dyantyi, Nick Said, Pritha Sarkar Organizations: Springboks, Rugby, South African Institute for Drug, South African Rugby, SA Rugby, Springbok, Thomson Locations: South Africa, France, Pau, Durban
Merger arbitrage investors have been struggling this year. Play the gap Merger arbitrage can be a tricky strategy for regular investors to incorporate. Investors can buy into the following funds for exposure to merger arbitrage: The Arbitrage Fund (ARBNX) The Merger Fund (MERIX) The NexPoint Merger Arbitrage fund (HMEAX) The First Trust Merger Arbitrage ETF (MARB) The IQ Merger Arbitrage ETF (MNA) To be sure, many of these funds charge a hefty fee. Kroger and Albertsons , the two largest biggest grocers by revenue, just notched a regulatory win after a judge dismissed a consumer lawsuit challenging the $25 billion merger. Tower Semiconductor is trading for around $34 a share such that the arbitrage spread stands at more than 50%.
Persons: Activision Blizzard, Andrew Beer, Dealmaking, John Orrico, Salvatore Bruno, VMware's, Black Knight, it's Organizations: Federal Trade Commission, Activision, FTC, Microsoft, Hedge Fund Research, Beta Investments, Global, Horizon Therapeutics, Activision Blizzard, Broadcom, VMware, Intercontinental Exchange, Black, CNBC, Kroger, Albertsons, Intel, Semiconductor Locations: Island, Water Island, British, Israel
The latest must-have amenity in luxury New York City apartment buildings: a designated coworking space for remote workers. Apartment developers are building out private offices, conference rooms and even podcasting booths to capitalize on a lingering work-from-home trend. "A coworking space was actually the top of my list when I was touring," said Lauren Wells, a fashion designer and a resident at 420 Kent in Williamsburg. "When I need to meet with a customer for work, I can just bring up some of my work create a little space up there." Rent at each of the luxury rental buildings can run up to $7,950 per month for a one-bedroom apartment, while a studio for sale can cost nearly $1 million.
Persons: Matthew Villetto, Douglas, Lauren Wells Organizations: Pew Research Center, Development, Financial District Locations: New York City, Kent, Williamsburg, East Harlem, Washington, Tribeca
CNN —On the eve of his Hall of Fame induction, NBA legend Dirk Nowitzki has said that his daughter is “mostly embarrassed” about any “hoopla” surrounding her dad. Alongside the German, two-time NBA champion Pau Gasol, four-time NBA champion Tony Parker, San Antonio Spurs head coach Gregg Popovich, Dwyane Wade and the 1976 U.S. Olympic Women’s basketball team, among others, will be inducted. However, at a press conference on Tuesday, Nowitzki admitted that his impending inauguration has not yet fully resonated with his children. Nowitzki scored 35,223 points across 21 seasons in Dallas, playing 1,667 games for the only NBA team he ever featured for – only John Stockton played more games for one team across his career. His crowning moment arguably came in 2011 when he led the Mavs to the NBA title, the organization’s first and only championship in its history.
Persons: Dirk Nowitzki, Pau, Tony Parker, Gregg Popovich, Dwyane Wade, Nowitzki, , Papa, they’re, LM Otero, John Stockton, Luka Dončić, Giannis Antetokounmpo, Nikola Jokić Organizations: CNN, of Fame, Dallas Mavericks, basketball’s Hall of Fame, Pau Gasol, San Antonio Spurs, Olympic, YouTube, NBA, American Airlines Center, Mavericks Locations: North Texas, Dallas
This account of how Niger's coup unfolded is based on 15 interviews with Nigerien security officials, politicians, as well as current and former Western government officials. In his first address following the July 26 coup, Tiani said he had ousted the president for the good of the country. But in recent months, Bazoum had curtailed the size of the presidential guard, which was about 700-strong at the time of the coup, and started to scrutinize its budget. Issoufou was elected in 2011, a year after a previous military coup. Almost all the different branches of Niger's security apparatus had a member in the group, including the police, army, air force and presidential guard.
Persons: Emmanuel Macron, Mahamadou Issoufou, Regis, Mohamed Bazoum, Bazoum, Abdourahamane Tiani, Tiani, Keen, Issoufou, Spokespeople, swirled, Salifou Mody, Mody, Hassoumi Massaoudou, Amadou Abdramane, Ahmad Sidien, Moussa Aksar, David Lewis, David Gauthier, Michel Rose, Edward McAllister, Alexandra Zavis, David Clarke Organizations: Niger, REUTERS, Nigerien, Reuters, West African States, Reuters Graphics Reuters, Western, Niger Armed Forces, United Arab Emirates, National Guard, Thomson Locations: Sahel, French, Pau, France, NIAMEY, United States, Niamey, Diffa, Niger, Mali, Burkina Faso, Russia, West Africa, Tiani, Nairobi, Villars, Istanbul, Paris, Dakar
A tray of Rolex watches are seen on a dealer's stand at the London Watch Show on March 19, 2022 in London, England. Prices for luxury watches are near a two-year low on the secondhand market, reversing a rally that brought timepieces like Rolex, Patek Philippe and Audemars Piguet to record highs during the pandemic. The average price of a watch sold secondhand has fallen 31% since March 2022, according to WatchCharts, a luxury watch price tracker. At the market's peak, the average price of a luxury watch sold secondhand soared to $45,108, with buyers paying up to five times the retail value for in-demand watches. "It was interesting that the price hike mainly happened among three family-owned brands: Rolex, Patek Philippe and Audemars Piguet.
Persons: Patek Philippe, Audemars Piguet, Paul Altieri, Audemars, Tim Stracke Organizations: London, Rolex Locations: London, England, German
"I think a lot of people in my world and IPO world are expecting this V-shaped recovery for the IPO market." The IPO market had been in the doldrums since February 2022, when Russia's invasion of Ukraine began. It was a small but positive sign for the many tech deals waiting for a better IPO market." Some signs are emerging that the IPO market is starting to thaw out. Ultimately, that's what we need for the IPO market to heat back up," said Daniels.
Persons: we'll, Barrett Daniels, , Doordash, bode, Matthew Kennedy, Kennedy, Daniels, Organizations: Publicly, Deloitte, GE HealthCare, Lucid, Agilon Health, Water Works, Renaissance, Clearwater Analytics, Tech, Federal Locations: Ukraine, Clearwater, Cava
And, in that same earnings call earlier this year, Novogratz said Galaxy hired some traders based in Hong Kong. Just this week, Societe General 's crypto arm received approval by France's financial regulator to offer crypto services, including crypto assets. The next month, Hong Kong implemented a new licensing regime so crypto exchanges can serve retail customers. Hong Kong, in particular, has tried to position itself as an international hub for crypto. Galaxy Chief Investment Officer Chris Ferraro echoed that sentiment in a recent "Crypto World" interview.
Persons: , Mike Novogratz, Brian Armstrong, Novogratz, Cantor Fitzgerald's Elliot Han, Dean Sovolos, Lily King, Cobo, Owen Lau, Chris Ferraro, Kraken –, Binance, Han, we're Organizations: BlackRock, SEC, Washington, Galaxy, United, Gemini, Payment, Societe, European Union, Crypto, Assets Regulatory Authority, Financial, Oppenheimer, U.S, Coinbase, Huobi, BTC Locations: U.S, Europe, Hong Kong, Abu Dhabi, Dubai, Bermuda, United Arab Emirates, Asia, Gurgaon, India, Singapore, United States, East, VARA, B2C2, Silicon, London, Berlin, China
CNN —Nearly 40% of US fast attack submarines are in repair or awaiting maintenance as shipyards face a shortage of workers and and supply chain issues, according to a new report from the Congressional Research Service. Of the 49 fast attack submarines in the Navy, a total of 18 are either in depot maintenance or awaiting maintenance, known as idle. “As planned, about one third of our fast attack submarines are currently in maintenance receiving critical repairs to sustain a mission ready force. The strain on the submarine fleet will be exacerbated by the agreement between the US, UK and Australia to provide Canberra with three to five fast attack submarines in the early 2030s. The Navy has three classes of fast attack submarines in service: older Los Angeles-class attack subs, Seawolf-class subs, and the newer Virginia-class subs.
Persons: , Jackie Pau Organizations: CNN, Congressional Research Service, Navy, Bloomberg, , United Locations: United States, Australia, Canberra, China, Los Angeles, Virginia
After a start in Bilbao, Spain, the Tour heads to France on Monday with visits to Bayonne, Dax, Pau and Bordeaux during the week. Foreign team members have confessed not knowing much about the situation in France, arguing they are in a 'bubble' on the Tour de France. Tour de France organisers say they are ready to adjust to any situation. "I don't really have any comment on it, that's one for the authorities who are working very hard," Rod Ellingworth, the racing director of the Ineos-Grenadiers team, told Reuters. "The organisers did not even mention it at the team meeting (before the start of the race).
Persons: Prudhomme, Rod Ellingworth, Philippe Mauduit, Adrien Petit, Julien Pretot, Christian Radnedge Organizations: SEBASTIAN, Tour de, Tour de France, de France, State, Grenadiers, Reuters, Citroen, Thomson Locations: Spain, Bilbao, France, Bayonne, Dax, Pau, Bordeaux, North
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