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☆ This tiny EV is the most ridiculous 'car' I've ever driven — but it's also a blast
▼ + stars: | 2024-03-10 | by ( Chris Johnston | ) www.businessinsider.com time to read: +1 min

The Ami is most ridiculous "car" I've ever driven — but it turns heads and is a lot of fun too. I thought I knew what to expect, but it wasn't until the "car" was driven off the trailer that I realized I'd taken custody of a large lawnmower. A large electric lawnmower. The Ami (French for "friend") also looked like it'd been washed in an army surplus cycle. Appropriately enough I almost made a new friend before I'd even parked, as a passer-by asked if I'd just bought it.

Persons: Ami, —, Ram, Romeo —, I'd Organizations: Service, Dodge, Peugeot Locations: London

☆ These tourist hot spots are introducing entry fees and price hikes for 2024
▼ + stars: | 2024-03-09 | by ( Maureen Ohare | ) edition.cnn.com time to read: +4 min

See more, pay moreMore and more tourist hot spots are introducing visitor caps and entry fees to prevent overcrowding - and, whaddya know, it gives their coffers a little boost, too. There’s a new $13 charge for climbing Japan’s famous (and congested) Mount Fuji, which follows Japan’s 70% price hike for tourist rail passes. The Louvre art museum in Paris, home to the Mona Lisa, has raised ticket prices by almost a third, ahead of the Paris Olympics this summer. Walt Disney World Resort in Florida has already introduced higher park ticket prices for next year. Some of the lowest single-day, single-park ticket prices have gone up by $10 for 2025.

Persons: whaddya, Mona Lisa, It’s, Walt, Romeo, Juliet, ”, they’d Organizations: CNN, Fuji, Paris, Walt Disney World, Eiffel, United Airlines, Airbus Locations: Paris, London, Thailand, China, Seville, Spain, Louvre, Europe, Asia, Florida, Italian, Trafalgar, Bangkok, Mumbai, Houston, Australian, Lazio, Italy, Arizona, Basilicata, United States

☆ Dartmouth men's basketball team votes 13-2 in favor of first labor union for college athletes
▼ + stars: | 2024-03-05 | by ( Natalie Kainz | ) www.cnbc.com time to read: +3 min

Romeo Myrthil #20 (C) of the Dartmouth Big Green watches as his team play against Columbia Lions in their NCAA men's basketball game on February 16, 2024 in New York City. The Dartmouth Men's Basketball team voted 13-2 in favor of becoming the first-ever labor union for college athletes on Tuesday afternoon. The vote could present a huge shakeup to the National Collegiate Athletics Association's (NCAA) model, which currently only allows college athletes to financially benefit from their role on teams through name, image and likeness. "Because Dartmouth has the right to control the work performed by the Dartmouth men's basketball team, and the players perform that work in exchange for compensation, I find that the petitioned-for basketball players are employees within the meaning of the [National Labor Relations] Act," Sacks said in a statement. This isn't the first time a college athletics team has made a bid to be recognized as employees.

Persons: Romeo Myrthil, Laura Sacks, Sacks, Michael L, Huyghue, We've, Dartmouth, Cade Haskins, Haskins Organizations: Dartmouth Big Green, Columbia Lions, NCAA, Dartmouth Men's Basketball, National Collegiate Athletics Association's, National Labor Relations Board, Regional, Dartmouth, Dartmouth men's, National Labor Relations, NLRB, Cornell Sports, Supreme, NBC News, NBC, Northwestern University's Locations: New York City

HANOVER, N.H. (AP) — The Dartmouth men's basketball team voted to unionize Tuesday in an unprecedented step toward forming the first labor union for college athletes and another attack on the NCAA's deteriorating amateur business model. "Today is a big day for our team," players Cade Haskins and Romeo Myrthil said in a statement. That could delay negotiations over a collective bargaining agreement until long after the current members of the basketball team have graduated. “In this isolated circumstance, however, the students on the men’s basketball team are not in any way employed by Dartmouth,” the school said. A college athletes union would be unprecedented in American sports.

Persons: Cade Haskins, Romeo Myrthil, —, “, ”, ” Haskins, Myrthil, Haskins, ” Myrthil, ” Mary Kay Henry, ” “, Jimmy Golen Organizations: Dartmouth, National Labor Relations Board, Service Employees International Union Local, SEIU, Ivy League, NCAA, NLRB, Big Green, Northwestern football, Wildcats, Big, Ivy League Players Association, Harvard, The Associated Press, AP Locations: HANOVER, N.H, Alabama, Michigan, Dartmouth

☆ Tour this $24 million mansion in Delray Beach, Florida, where home prices have doubled
▼ + stars: | 2024-03-04 | by ( Ray Parisi | ) www.cnbc.com time to read: +7 min

watch nowThe owners of this Florida mansion are asking for $24 million for their almost 11,500 square-foot residence inside one of the most expensive gated communities in Delray Beach, Florida. Over the past five years, the Delray Beach market has more than flourished — it has skyrocketed. "But Delray Beach is, without question, one of the region's premier luxury residential markets." An aerial view of the Rockybrook Estate in Delray Beach, Florida. Here's a look inside the 6 bedroom, 10 bathroom Villa Ananda:Aerial view of 9303 Hawk Shadow Lane in Delray Beach.

Persons: Villa Ananda, Daniel Petroni, Senada Adzem, Villa, Adzem, Steve Cohen, Khalil Mack, Gerry Smith, Romeo Santos, Antonio Neri, Neri, Rockybrook, Douglas Elliman, Krent Wieland, Inson Dubois, Liaigre Organizations: CNBC, Miami, Palm, National Football League, Hewlett Packard Enterprise, Adzem, HP Enterprise Locations: Florida, Delray Beach , Florida, Delray Beach, Manhattan , New York, Miami, Delray, Stone, South Florida, Italy's, Adzem

☆ New F1 Team Names Bring Money, Marketing and Lots of Syllables
▼ + stars: | 2024-02-28 | by ( Ian Parkes | ) www.nytimes.com time to read: +1 min

Formula 1 has two new team names this season, which follow a trend in the sport to focus on marketing: Visa Cash App RB Formula One Team and Stake F1 Team Kick Sauber. Sauber Motorsport has been racing since 1993 under various names, most recently as Alfa Romeo. “Before Audi’s arrival, we felt it was important to present ourselves with this new identity and to have a commercial partnership in place,” said Alessandro Alunni Bravi, the Stake team representative. “The Sauber Group has been in Formula 1 for 32 years, but this doesn’t mean we have forgotten what Sauber is. “The reality is that we said from the outset last year that we would move closer to the Red Bull family.”

Persons: Romeo, ”, Alessandro Alunni Bravi, Toro Rosso, Andrea Fairchild, ” Peter Bayer, Bull Organizations: Sauber, Sauber Motorsport, Audi, Sauber Group, Visa

☆ Carabao Cup final: With Jürgen Klopp’s farewell tour in full swing, Liverpool targets first trophy of season
▼ + stars: | 2024-02-24 | by ( Matias Grez | ) edition.cnn.com time to read: +4 min

CNN —Jürgen Klopp’s season-long send-off is well and truly in full swing and Liverpool can get the German’s farewell off to a perfect start with victory over Chelsea in Sunday’s Carabao Cup final. The Reds can win four trophies this season to give Klopp a perfect send-off, with the Carabao Cup, Europa League, FA Cup and Premier League all very much within Liverpool’s grasp. Liverpool can win four trophies in Klopp's final season. He’s a huge, huge figure, someone who’s been amazing. We are going to give our best to compete, be better than Liverpool and deserve to lift the trophy.”

Persons: Klopp, ” Klopp, Joël Matip, Diogo Jota, Trent Alexander, Arnold, Alisson, Thiago, Mo Salah, Darwin Nuñez, Dominik Szoboszlai, Ryan Pierse, Alexander, ”, “, He’s, who’s, that’s, ” Chelsea, Wesley Fofana, Reece James, Marc Cucurella, Romeo Lavia, Benoit Badiashile, Thiago Silva, Robert Sánchez, Mauricio Pochettino, Todd Boehly, Boehly, Pochettino, Roman Abramovich, ” Pochettino, Catherine Ivill Organizations: CNN, Jürgen, Liverpool, Chelsea, Premier League, The Reds, Europa League, FA Cup, Luton Town, Luton, Argentine, Thursday’s, Wembley Locations: Sunday’s, Liverpool, Merseyside, Chelsea, Klopp, Roman, Southampton, Tottenham

☆ 16 details you may have missed in Jennifer Lopez's 'This Is Me... Now: A Love Story'
▼ + stars: | 2024-02-17 | by ( Ayomikun Adekaiyero | Olivia Singh | ) www.businessinsider.com time to read: +1 min

Artwork of Taroo and Alida in "This Is Me... Now: A Love Story." Prime VideoIn the first scene, the Artist narrates the tale of Taroo and Alida, which she says originates from the Taíno people. When Alida is forced to marry someone else, she begs the gods to help her, and they turn her into a red flower. Taroo flies around trying to find the red flower for the rest of his life. Hence, when you see a hummingbird and a red flower, it could be Taroo visiting Alida.

Persons: Romeo, Juliet, Taroo, Alida Locations: Puerto Rico, Lopez's

☆ Meet the 100-year-old man who drives to McDonald's at 8 a.m. almost every day for coffee with his friends
▼ + stars: | 2024-02-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

At 8 a.m., Zan White sits in a McDonald's with a group of friends for a catchup and coffee. White, who's 100, has been driving to McDonald's to meet his friends almost every day for 36 years. AdvertisementZan White has his morning coffee routine down to a T.White, 100, said he drives two miles to his local McDonald's in Elkins, West Virginia, at around 8 a.m. to have coffee with his friends almost every day. White started going to the restaurant in 1988 after the café he used to go to closed, he told Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: Zan White, —, White Organizations: Service, ROMEO, Business Locations: Elkins , West Virginia

NEW YORK (AP) — Gushing after the New York Philharmonic performed Leonard Bernstein’s music, Bradley Cooper talked about creating the film “Maestro ″ in hopes of drawing more attention to the composer and conductor. They were joined by Carey Mulligan, who played Felicia Montealegre, the actor and wife of Bernstein. Nézet-Séguin, a 48-year-old Canadian who is music director of the Metropolitan Opera and the Philadelphia Orchestra, served as a consultant to Cooper on conducting. Cooper, who is not Jewish, also faced scrutiny for wearing a prosthetic nose as part of his transformation into Bernstein, who was. What’s next for Cooper, a biopic of Herbert von Karajan, the iron-willed leading conductor of the second half of the 20th century?

Persons: Leonard Bernstein’s, Bradley Cooper, Maestro ″, don’t, Lincoln Center’s David Geffen, Leonard Bernstein, ” Yannick Nézet, Séguin, Cooper, Bernstein, Carey Mulligan, Felicia Montealegre, Maestro ”, Mulligan, Taylor Swift, ”, “ Bradley Cooper, Jamie, Nina, Alexander, Bayoh, “, Edward R, Murrow, Stevie Sondheim, —, Cooper didn’t, hadn’t, Gounod’s “ Roméo, Bernstein’s, Lenny, ” Cooper, What’s, Herbert von Karajan Organizations: New York Philharmonic, Lincoln, Lincoln Center’s David Geffen Hall, Associated Press, Venice, Metropolitan Opera, Philadelphia Orchestra, “, England’s Ely Cathedral, Lincoln Center, philharmonic Locations: New York City, America, “ Chichester, England’s

☆ Amelia Earhart's relative says new sonar images could be aviator's vanished plane
▼ + stars: | 2024-02-10 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

Read previewA relative of Amelia Earhart agrees that a recent sonar image could show the iconic pilot's long-vanished aircraft. It sure looks like a plane," Kleppner told The Times of London. AdvertisementEarhart and Noonan likely disappeared about 100 miles from Howland Island, near the site of the sonar images. Romeo and his team hope to retrieve the Electra from a depth of 16,400 feet if it proves to be Earhart's plane. AdvertisementThere's no guarantee it's been found, expert saysA map of the location where Earhart's plane is believed to have gone missing along her presumed flight path.

Persons: —, Amelia Earhart, Bram Kleppner, Amelia Earhart's, Earhart, Fred Noonan, Kleppner, Amy Kleppner, Amelia, who's, Tony Romeo, Romeo, it's, Lockheed Electra, Noonan, we've, Katherine Tangalakis, David Jourdan, Andrew Pietruszka, Jourdan Organizations: Service, Business, Times, Lockheed, Smithsonian Museum, Washington DC, Bettmann, US Air Force, Street Journal, Electra, Getty, CNN, Scripps Institution of Oceanography Locations: London, Atchinson , Kansas, Washington, Howland Island, California

☆ She arranged a date with a guy she met on a plane. When he didn’t show, she unexpectedly met her future husband
▼ + stars: | 2024-02-09 | by ( Francesca Street | ) edition.cnn.com time to read: +20 min

“I loved London,” Cristina tells CNN Travel today. Matt’s family was staying at Claridge’s, the historic, swanky five star hotel in Mayfair. Matt’s parents knew he was going on a spontaneous date. “And then they would never forward the mail.”Cristina’s idea of writing to Matt’s parents’ address was a good one. After years of working and living in Italy, Matt’s fluent in Italian.

Persons: she’d, Cristina Farina, Cristina, ”, “ Let’s, they’d, “, ” Cristina, Trafalgar Square’s, William Shakespeare’s “ Romeo, Juliet, London Here's Cristina, Matt, Matt Reinecke, Cristina gestured, he’d, Cristina couldn’t, Here's Matt, Cristina he’d, ‘, ’ ”, welling, you’ll, wouldn’t, Weeks, Claridge’s, Matt hadn’t, Read, Matt’s, Matt wasn’t, Florence Matt, Matt reckons they’d, ” Matt, Cristina’s, Davide, Francesca, Cristina Farina Matt, they’re, ” Here's Matt, Ludovica Barone, They’ve, – Organizations: CNN, Florence, Heathrow Airport, CNN Travel, Bond, Cristina’s Locations: London, Trafalgar, California, Claridge’s, Mayfair, Hyde, Italy, Europe, ”, Florence, Greece, San Francisco, Francisco, San Francisco’s, Prato , Tuscany, Thailand, Malaysia, Singapore, Indonesia, Australia, Milan, Turin, Tuscany, American, “, Italian

☆ Betting on the Super Bowl? 'You gotta pay the piper' on your winnings, says tax expert
▼ + stars: | 2024-02-09 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

All gambling winnings are considered taxable income by the Internal Revenue Service, even if you aren't a professional gambler. How to report your winnings and lossesYour gambling winnings and losses are reported separately in your tax return. The reason for that "is to prevent tax filers from offsetting other income with gambling losses," says Razi. Why you probably won't actually claim gambling losses as a deductionThe only way to claim your gambling losses is to itemize your deductions, which most taxpayers don't do. What happens if you don't report your gambling winnings

Persons: Romeo Razi, You'll, Razi Organizations: Internal Revenue Service, CNBC, IRS Locations: Las Vegas

☆ The search for Amelia Earhart's plane
▼ + stars: | 2024-02-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe search for Amelia Earhart's planeTony Romeo, founder and CEO at Deep Sea Visions, joins 'The Exchange' to discuss one of aviation's greatest mysteries - the disappearance of pioneering aviator Amelia Earhart.

Persons: Amelia Earhart's, Tony Romeo, Amelia Earhart

☆ Tom Holland is returning from acting break to play Romeo on London stage
▼ + stars: | 2024-02-07 | by ( Jack Guy | ) edition.cnn.com time to read: +2 min

CNN —Hollywood star Tom Holland will play Romeo in Shakespeare’s “Romeo & Juliet” in London’s West End later this year. The “Spiderman” star announced his new gig at the Duke of York’s Theater in a post on Instagram, marking his return from a mental health break. “Tom Holland is Romeo in Jamie Lloyd’s pulsating new vision of Shakespeare’s immortal tale of wordsmiths, rhymers, lovers and fighters,” the tagline on the production’s website reads. The engagement will be Holland’s first since he announced in June last year that he was taking a break from acting to protect his mental health. And it was not his salary, it was his first box-office bonus, not the whole box office, the first one.

Persons: Tom Holland, Romeo, Shakespeare’s, Juliet ”, Duke, Jamie Lloyd’s, Holland, ” Holland, Daniel Keyes ’, Billy Milligan, ”, “, ‘, Tom Hollander, Holland’s, Hollander, – “, ” Hollander, ’ Organizations: CNN, Hollywood, York’s Locations: London’s, AppleTV, Holland

☆ 2 ocean-tech companies are competing in a multimillion-dollar race to find Amelia Earhart's wreckage. One says it may be near the finish line.
▼ + stars: | 2024-02-06 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +10 min

Read previewThe race is on to find the wreckage of Amelia Earhart's ill-fated final flight. Tony Romeo and his company, Deep Sea Vision, discovered an object of similar size and shape to Amelia Earhart's iconic plane, deep in the Pacific Ocean. Deep Sea VisionRomeo says he may have solved the mystery with his sonar scans. The same aircraft radio receiver used by Amelia Earhart was recreated by Nauticos as they researched Earhart's final transmissions. Deep Sea Vision now leases its equipment to other ocean explorers to continue funding its mission.

Persons: —, Amelia Earhart's, Tony Romeo, Earhart, Fred Noonan, Romeo, he's, we've, there'll, it'll, Lockheed Electra, Nauticos, Jeff Morris, Amelia Earhart, Morris, I'm, David Jourdan, Tony, You'll Organizations: Service, US Air Force, Business, Smithsonian, Lockheed, Lockheed Electra, Coast Guard, Topical Press Agency, Getty Locations: South Carolina, Howland, Hawaii, Australia, Connecticut, Itasca, Howland Island, Norwegian, Kongsberg

The NCAA has long maintained that college players are “student-athletes” — a term designed to perpetrate the pretense that education comes first. The school says playing on the basketball team is not a job; it's like participating in the orchestra or Model United Nations. “Because Dartmouth has the right to control the work performed by the Dartmouth men’s basketball team, and the players perform that work in exchange for compensation, I find that the petitioned-for basketball players are employees,” she wrote. The Dartmouth players want to be paid $20 an hour, like the cafeteria workers on campus, with the school paying their health care premiums. ___AP college basketball: https://apnews.com/hub/college-basketball

Persons: it’s, Cade Haskins, Romeo Myrthil, Laura Sacks, “, ”, Dartmouth doesn’t, Sacks, it's, Jimmy Golen Organizations: BOSTON, Dartmouth, Ivy League, National Labor Relations Board, ” Dartmouth, NLRB, NCAA, Southeastern Conference, NFL, United Nations, “, Dartmouth men’s, Local, Service Employees International Union, Northwestern football, NBA, The Associated Press, AP Locations: Michigan, Alabama, Power, Tennessee, Virginia, California, Hanover , New Hampshire, Dartmouth

☆ Opinion: Why we can’t let go of the mystery of Amelia Earhart
▼ + stars: | 2024-02-06 | by ( Opinion Dorothy Cochrane | ) edition.cnn.com time to read: +8 min

A marine robotics company recently captured an object on the ocean floor, about 15,000 feet below the surface of the Pacific Ocean. Earhart’s flight plan was well known. According to Earhart biographer Doris Rich, the US government had obtained permits for the countries she would stop in along the way. And it fit her need of a refueling stop in the western Pacific Ocean. In 1997, pilot Elgen Long and his wife Marie Long published the book, “Amelia Earhart: The Mystery Solved.” The Longs laid out facts and solid suppositions for others to follow.

Persons: Dorothy Cochrane, Read, Dorothy Cochrane Carolyn Russo, Amelia Earhart, Fred Noonan, Howland, Earhart, —, “, Tony Romeo, Romeo, Noonan, Doris Rich, Roosevelt, Earhart’s, George Putnam, Rich, Itasca, Elgen Long, Marie Long, “ Amelia Earhart, reengineered, Lockheed Electra NR16020, Electra Organizations: General Aviation, Aeronautics Department, National Air and Space Museum, Smithsonian Institution, CNN, Lockheed, US Coast Guard, DSV, Coast Guard personnel, Nauticos Inc Locations: Howland Island, Lae , New Guinea, United States, Howland, Itasca, Honolulu , Hawaii

☆ A man who's been having breakfast at McDonald's almost every day for 36 years went to the chain for his 100th birthday
▼ + stars: | 2024-02-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

A centenarian has been having breakfast at McDonald's almost every day for 36 years. The West Virginia resident and WWII veteran went to the chain with friends to celebrate his 100th birthday. "I can't stop now," Zan White told local station WDTV. AdvertisementA man from West Virginia who served during World War II celebrated his 100th birthday at McDonald's on Friday. White told the station that he wasn't sure why he'd lived so long but didn't plan to change his habits as he got older.

Persons: Zan White, —, White, he'd, I've, he's, Zan, Marc Godwin, WDTV Organizations: West, Service, ROMEO Locations: McDonald's, West Virginia, Elkins, Maryland, Virginia

☆ Philippines Ready to Use 'Forces' to Quell Any Secession Attempt Official
▼ + stars: | 2024-02-04 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

Duterte has called for the independence of his hometown Mindanao from the Philippines as his alliance with President Ferdinand Marcos Jr disintegrated this week over disagreements around efforts to amend the constitution. National security adviser Eduardo Ano said in a statement any attempt to secede "will be met by the government with resolute force", citing "recent calls to separate Mindanao" but without specifically naming Duterte. "The national government will not hesitate to use its authority and forces to quell and stop any and all attempts to dismember the Republic," Ano said. Ano said calls for secession could reverse the gains of government's peace deal with former separatist groups. Philippine armed forces chief Romeo Brawner told soldiers on Saturday "to remain united and loyal to the constitution and the chain of command".

Persons: Rodrigo Duterte, Ferdinand Marcos Jr, Marcos, Duterte, Eduardo Ano, Ano, Ahod Ebrahim, Carlito Galvez Jr, Romeo Brawner, Mikhail Flores, Miral Fahmy Organizations: Moro Islamic Liberation Locations: MANILA, Philippine, Mindanao, Philippines, Moro Islamic

JOLIET, Ill. (AP) — The funeral for seven of the eight victims killed in Joliet-area shootings last month was held Saturday. The funeral for Christine and William Esters and Tameaka, Joshua, Alexandria, Alonnah and Angel Nance was held at Victory City Church in Joliet. The seven were all related to shooter Romeo Nance, 23, who died of a self-inflicted gunshot wound the next day in Texas when confronted by police. Investigators said they believe Nance first shot seven people at two relatives’ homes in Joliet, then fired randomly at two men — one outside an apartment building and another on a residential street. Marshals found him near Natalia, Texas, about 30 miles (48 kilometers) southwest of San Antonio and more than 1,000 miles (1,690 kilometers) from Joliet, authorities said.

Persons: Christine, William, Joshua, Angel Nance, Romeo Nance, Nance Organizations: Victory City Church, U.S Locations: JOLIET, Ill, Joliet, Alexandria, Alonnah, Texas, Nigeria, U.S, Natalia , Texas, San Antonio

LOS ANGELES (AP) — The Los Angeles Opera opens its 2024-25 season Sept. 21 with Puccini’s “Madama Butterfly” reimagined in a film studio and said Saturday it will present the company premiere of Osvaldo Golijov’s “Ainadamar" while reducing its offerings from six main-stage productions to five. Mario Gras's “Butterfly” staging, first seen at Madrid’s Teatro Real in 2017, stars Karah Son as Cio-Cio-San and Jonathan Tetelma as Pinkerton in their company debuts. The six main-stage productions in 2022-23 brought in $9.4 million; the COVID-shortened 2019-20 season resulted in just under $7 million from four stagings. “That’ll be our ninth main-stage opera in Spanish in the company’s 38-year history,” Koelsch said. Tomer Zvulun’s staging of Verdi’s “Rigoletto,” which premiered at the 2019 Houston Grand Opera, opens May 31, 2025, with Quinn Kelsey, Rosa Feola in her company debut and René Barbera.

Persons: Puccini’s, Osvaldo Golijov’s “, Mario Gras's, Karah, Jonathan Tetelma, Pinkerton, James Conlon, Martin, Christopher Koelsch, ” Koelsch, ”, Ana María Martínez, Daniela Mack, Deborah Colker, “, Ian Judge’s, Roméo, Juliette ”, Duke Kim, Amina Edris, Michael Cavanagh’s, Conlon, Erica Petrocelli, Tomer, Verdi’s, Quinn Kelsey, Rosa Feola, René Barbera Organizations: ANGELES, Los Angeles Opera, Teatro Real, Martin Gas, LA, Hollywood, ” Revenue, Scottish Opera, Detroit Opera, Welsh National Opera, Metropolitan Opera, San Francisco Opera, Houston Grand Opera Locations: Japan, ”

☆ Top wealth manager Julius Baer caught in property write-off storm as CEO steps down
▼ + stars: | 2024-02-01 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021. Group Chair Romeo Lacher said he and the board "deeply regret" net credit losses of 606 million Swiss francs ($701 million), well above consensus expectations, which include a loan loss allowance of 586 million francs. Julius Baer in November announced its exposure to the struggling Austrian company, which has been hit by the higher interest rate environment. It further said Thursday it would exit its private debt businesses, winding down its remaining private debt book of 800 million million Swiss francs, 2% of its total loan book. The bank reported net profit attributable to shareholders of 454 million Swiss francs for the full-year 2023, down 52%, with earnings per share of 2.21 francs.

Persons: Julius Baer, Philipp Rickenbacher, Romeo Lacher, Rickenbacher, Nic Dreckmann, Anke Reingen Organizations: Julius Baer Group, Signa, Austrian, CNBC, Swiss, RBC Locations: Zurich, Switzerland, Swiss

GENEVA (AP) — Julius Baer says its CEO is resigning and the Swiss bank is quitting the private debt business as well as setting aside more than a half-billion Swiss francs (dollars) reportedly over its exposure to bankrupt Austrian asset manager Signa. Zurich-based Julius Baer said it was exiting the private debt business and the annual results reflected net credit losses of 606 million Swiss francs (about $702 million) — 586 million francs of which included a loan-loss allowance for unspecified private debt exposure. Photos You Should See View All 45 ImagesShares of Julius Baer were up nearly 6% to 50.02 Swiss francs in midmorning trading Thursday on the SIX Swiss Exchange following the news. Media reports said the bank's troubles were linked to Signa, but Julius Baer didn't specify. The bank announced the exposure to private debt issues in November, comprised of three loans to different entities at a “European conglomerate” active in commercial real estate and luxury retail.

Persons: — Julius Baer, Romeo Lacher, Julius Baer, Philipp Rickenbacher, Nic Dreckmann, Julius Baer didn't Organizations: GENEVA, Signa, SIX Swiss Exchange, Media, Credit Suisse, UBS Locations: Swiss, Austrian, Zurich, Vienna

Political Cartoons View All 253 ImagesHow did Deep Sea Vision detect the object that could be Earhart's plane? But it wasn't until the team reviewed sonar data in December that they saw the fuzzy yellow outline of what resembles a plane. “In the end, we came out with an image of a target that we believe very strongly is Amelia’s aircraft," Romeo told The Associated Press. But he said that Romeo’s team must provide “a forensic level of documentation” to prove it’s Earhart’s Lockheed. He would have expected to see straight wings and not swept wings, like the new sonar suggests, as well as engines.

Persons: Amelia Earhart, Tony Romeo, Electra, Romeo, Earhart, Fred Noonan, Noonan, “ Amelia, James Delgado, ”, Delgado, Romeo's, David Jourdan, Dorothy Cochrane, Cochrane, ’ ”, Lockheed Electra, Ole Varmer, Varmer, ” Varmer, “ It’s, —, Finley, Pollard Organizations: COLUMBIA, Lockheed, Archaeologists, Pan American Airlines, Air Force, Associated Press, Navy, National Air and Space Museum, National Oceanic, Atmospheric Administration, The Ocean Foundation, Purdue Research Foundation, Purdue University in, Smithsonian, America Statehouse News Initiative, America Locations: South Carolina, Norwegian, Howland, Papua New Guinea, Hawaii, New Guinea, U.S, New Jersey, “, Maritime, Connecticut, Howland Island, Purdue University in Indiana, Norfolk , Virginia

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