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☆ Microsoft enters 10-year agreement with Nintendo in fight to save Activision deal
▼ + stars: | 2023-02-21 | by ( Gayle Harrington | ) edition.cnn.com time to read: +2 min

CNN —Microsoft announced it has agreed to partnerships with Nvidia and Nintendo as it tries to convince European Union officials to approve its $69 billion purchase of Activision Blizzard — the company behind the popular game franchise Call of Duty. Microsoft President Brad Smith had a closed-door meeting Tuesday with EU regulators and competitors in Brussels to address concerns that its acquisition of Activision Blizzard could hurt competition in the video game industry. The deal has also come under scrutiny from regulators in the United States and the United Kingdom. Microsoft (MSFT) said that it has entered into a 10-year partnership with Nvidia to bring Xbox PC games to Nvidia’s cloud gaming service. In a statement, the software giant said the partnership “resolves Nvidia’s concerns with Activision Blizzard.

☆ A subsidy arms race is kicking off between Europe and America
▼ + stars: | 2023-02-10 | by ( Julia Horowitz | ) edition.cnn.com time to read: +10 min

This premium is expected to shrink as clean energy technologies become more advanced and infrastructure to produce them is scaled up. Most of the money the IRA has earmarked for clean energy initiatives comes in the form of tax credits. In the meantime, government officials are lobbying the United States to rethink parts of the IRA. “Europe and other allied countries have nothing to fear from the Inflation Reduction Act and quite a bit to gain,” said Brian Deese, Biden’s top economic adviser. The fight over green subsidies also comes as geopolitical tensions are pushing countries to focus on greater localization of production — not just for green energy, but also for sensitive technologies like computer chips.

☆ Air fares will have to rise to clean up aviation
▼ + stars: | 2023-01-17 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

He said that financiers and energy suppliers should invest in SAF production, including in emerging markets. The wealthy people in this room and wealthy nations should be funding the energy transition in aviation to help support developing countries,” he added. Holland-Kaye said that companies can play a major role accelerating the adoption of SAF because business travel accounts for about 30% of fuel used in aviation. In 2021, the industry pledged to replaced 10% of global jet fuel supply with SAF by 2030. Clean energy investments need a major boost if the world is to meet its climate goals, according to Fatih Birol, executive director of the International Energy Agency.

☆ Meet the team behind CNN’s ‘New Year’s Eve Live’
▼ + stars: | 2022-12-31 | by ( Tricia Escobedo | ) edition.cnn.com time to read: +5 min

ET as Anderson Cooper and Andy Cohen co-host CNN’s “New Year’s Eve Live” from New York City’s Times Square. CNN —Every New Year’s Eve, Anderson Cooper and Andy Cohen host four-and-a-half hours of live television, joined by celebrity guests and performers, as they count down to the new year. “New Year’s Eve Live” is created by “a patchwork team of CNN employees from different show teams, bureaus and units from around the globe,” Hall explained. Here’s what Doft and Hall told us about the live special and what we can look forward to Saturday night:This is the 20th year that Anderson Cooper has hosted ‘New Year’s Eve Live’ on CNN. In fact, it’s why he chooses to anchor “New Year’s Eve Live” — to make sure the audience has a place to go and to fill people with hope, laughter and love.

☆ Recession obsession: Warnings grow but nobody knows for sure
▼ + stars: | 2022-10-27 | by ( Christine Romans | ) edition.cnn.com time to read: +6 min

The welcome GDP report comes amid almost daily recession warnings from bank CEOs, business economists, think tanks and former Treasury secretaries. But as the dread grows, today’s news is a reminder that no one knows for sure whether the US economy will tip into a recession. Moreover, most of those same prognosticators agree that even if we do have a recession, it would be mild. Thirdly, we won’t know if we are, or were, in a recession until it is over:A recession may be coming. But even the staunchest recession hawks think a recession — if it happens — would be mild.

☆ America's top bankers worry more about the world than a recession
▼ + stars: | 2022-10-25 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

“The relationships of the Western world would have me far more concerned than whether there’s a mild or slightly severe recession [in the United States],” he added. “Saudi Arabia and the United States have been allies for 75 years. Fix social media but keep innovatingSchwarzman also highlighted rising interest rates and “the problems of relationships among countries” as the major challenges facing businesses. To that list he added social media. “One of the things that we’re almost not aware of is how difficult it is for governments to function in a world of social media,” Schwarzman said.

London CNN Business —UK Prime Minister Liz Truss has fired finance minister Kwasi Kwarteng and ditched a big part of her discredited economic strategy in a desperate bid to rescue her month-old premiership. “It was right, in the face of the issues we had, that I acted decisively to ensure that we had economic stability,” Truss said Friday. Kwarteng presented a “mini budget” just three weeks ago, promising tax cuts worth £45 billion ($50 billion) and increased borrowing with the hope of boosting UK economic growth. “Liz Truss’ reckless approach has crashed the economy, causing mortgages to skyrocket, and has undermined Britain’s standing on the world stage,” he said. Kwarteng had flown back from the IMF meeting in Washington, D.C., overnight for discussions with Truss.

☆ The surprising backstory of AriZona Iced Tea’s name
▼ + stars: | 2022-08-27 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

So he settled on “Santa Fe” for the name of the drink. “Having a name associated with a lifestyle, which is an environment and climate that made you want to grab a refreshing iced tea. That’s why the name seemed to make sense to me.”AriZona was almost called Santa Fe. The “Snapple Lady” commercials turned the juice and iced tea company into a huge success, as sales boomed throughout the 90s. Having had his own success with a malt liquor business, Vultaggio and his partners pivoted to selling iced tea in the same-sized 23-ounce cans as their malt liquor.

Suzanne Plunkett/CNN Restricted view: Concorde's windows were much smaller than those on a normal passenger airplane. Suzanne Plunkett/CNN Concorde cloakroom: Despite the space limitations, there was room for a closet to ensure Concorde's well-heeled passengers wouldn't crease their coats and garments. Suzanne Plunkett/CNN Work with perks: "The flight attendants loved being on it; the passengers loved being on it. Suzanne Plunkett/CNN Switches and dials: Meanwhile, in the cockpit, the pilots relied on simple analog dials and switches to control the super-fast jet. There are always rumors of new supersonic aircraft in the works, and I enjoy tracking the updates, but nothing seems concrete yet.

Persons: CNN —, it’s, Lewis Whyld, “, I’ve, I’d, Lewis, would’ve, Ian Waldie, Suzanne Plunkett, Gordon, Su Marshall, Richard Quest, Richard Ford, MARTYN HAYHOW, tycoons, Mario Tama, CNN's, ”, you’re, nothing’s, wouldn’t, –, we’ve, I’m Organizations: CNN, Concorde, Isambard Kingdom Brunel, downdraft, South West News Service, UK, Concorde Alpha, Aerospace Bristol, Business, British Airways, CNN Concorde, Getty, Bristol Aerospace, eBay, afterburners, Royce, Royce Olympus, Alpha, Aerospace, UK’s Press Association, The Telegraph, It’s Locations: Bristol, England, Clifton, Concorde, London, New York, AFP, Filton, France, Ukraine

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