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☆ 6 Chinese people demanded that a British pianist remove their faces from his public live stream. The ensuing fight has gone viral.
▼ + stars: | 2024-01-23 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

Read previewA confrontation between a group of Chinese people and a pianist in a London train station has gone viral on YouTube. "We are here filming for Chinese TV, did you film all of us in your cameras?" Business Insider could not immediately verify her claim that she works for Chinese TV. The other officer told Kavanagh to stop filming and that he was "not allowed to put this on your YouTube channel because this is a police matter." Later, the officer who told Kavanagh to shut down his live stream returned.

Persons: —, Brendan Kavanagh, Kavanagh, YouTube Kavanagh, We're, we're, Kavanagh's cameraperson, YouTuber Organizations: Service, YouTube, Business, Pancras International, Police, St, Communist, British Transport Police, Embassy, Google Locations: London, St, People's Republic of China, Communist China, Weibo, China

PARIS (AP) — An air of surrealism enveloped Chanel’s Spring Couture show Tuesday as celebrity guests including Naomi Campbell and Kendrick Lamar faced a navigational challenge: walking past a towering pair of open metal scissors. Here are some highlights of Tuesday’s spring couture shows:BUTTONS AND BALLETThe button is a humble icon, but it was not always so. Viard used the button-jewels as a spice for the drama of the ballet stage, scattering them across contrasting and often segmented silhouettes. The house was keenly aware of its history: 2024 marks a century since Coco Chanel first ventured into ballet design. In a world that often seeks the innovative, Mabille reminds us of the enduring allure of classic couture.

Persons: Naomi Campbell, Kendrick Lamar, Baz Luhrmann, Gabrielle “ Coco ” Chanel, “, Virginie Viard, Viard, Coco Chanel, Léon Bakst, Sergei Diaghilev, Chanel, ” Viard, Karl Lagerfeld, didn’t, Margaret Qualley, Andie MacDowell, Dave Free, Barbra Streisand’s, ”, Rue, Anna Mouglalis, Alexis Mabille Organizations: PARIS, Palais, Russes, Rue Cambon Locations: Paris

☆ Women are making great films, but they're still getting ignored by the Academy
▼ + stars: | 2024-01-23 | by ( Palmer Haasch | ) www.businessinsider.com time to read: +3 min

But on a more disappointing (though not unexpected) note, only one of those women earned a nomination for best director. "Barbie," "Anatomy of a Fall," and "Past Lives" will all compete for best picture at the Oscars in March. The snubs for Greta Gerwig, who helmed the billion-dollar box-office hit "Barbie," and "Past Lives" director Celine Song are notable. Gerwig's first three solo films as a director — "Lady Bird", "Little Women," and "Barbie" — were all good enough to make the best picture cut. But to this day, only one has ever gotten her in the best director running.

Persons: —, Barbie, Justine Triet, Jonathan Glazer, Yorgos, Christopher Nolan, Oppenheimer, Martin Scorsese, Greta Gerwig, Celine Song, Nolan, Oscar, Lina Wertmüller, Sofia Coppola, Emerald Fennell, Kathryn Bigelow, Chloé Zhao, Jane Campion, Campion, Zhao, Selma, Sarah Polley, Ava DuVernay, Barbra Streisand, Greta Lee, Gerwig, Margot Robbie, Gerwig's Organizations: Golden Globes

Since the Biden campaign's launch, nearly 1 million supporters have made more than 2.3 million contributions, and 97% of all its fourth-quarter 2023 donations were under $200, with the average contribution totaling $41.88, it announced. Biden's campaign said December was his strongest fundraising month to date, exceeding a record it said was previously set in November. That helped last year's final quarter outpace the period from July through September, when Biden and his party reported raising $71-plus million. The campaign said the president has held 110 fundraisers since launching, including 39 in last year's fourth quarter alone. Even with so much travel focused on fundraising, however, Biden campaign officials had tried to manage expectations.

Persons: Joe Biden, Biden, —, ” Julie Chavez Rodriguez, Donald Trump, Trump, Nikki Haley, Ron DeSantis, James Taylor, Steven Spielberg, Barbra Streisand, wasn't, Barack Obama, Trump’s Organizations: WASHINGTON, Democratic National Committee, Republican, Democratic, GOP, Trump, U.S, United, Florida Gov, Biden, DNC, Republican National Committee Locations: Pennsylvania, Iowa, Boston, California, Los Angeles

☆ Ryan O'Neal, famous for his role in 'Paper Moon' alongside his daughter, dead at 82, son says.
▼ + stars: | 2023-12-08 | by ( Associated Press | ) www.businessinsider.com time to read: +8 min

Ryan O'Neal was diagnosed with prostate cancer in 2012, a decade after he was first diagnosed with chronic leukemia. Advertisement"My father, Ryan O'Neal, has always been my hero," Patrick O'Neal wrote, adding, "He is a Hollywood legend. His real-life daughter, Tatum, played a trash-talking, cigarette-smoking orphan who needs his help — and eventually helps redeem him. Ryan O'Neal pleaded guilty to the charge and entered a drug diversion program, but he publicly denied the drugs were his. Charles Patrick Ryan O'Neal was born on April 20, 1941 and was the son of screenwriter Charles O'Neal and actor Patricia Callaghan O'Neal.

Persons: —, Ryan O'Neal, Oscar, Tatum, Patrick O'Neal, O'Neal, Peter Bogdanovich, Stanley Kubrick, Barry Lyndon, Farrah Fawcett, Fawcett, Redmond, Joanna Moore, Griffin O'Neal, Tatum O'Neal, Patrick, Leigh Taylor, Young, Ali MacGraw, Griffin, Peyton, Mia Farrow, Bogdanovich, Barbra Streisand, Shirley Temple, O'Neal's, perfectionism, Oliver Barrett, John McEnroe, Drew Barrymore, Gian, Carlo Coppola, Francis Ford Coppola, negligently, Redmond O'Neal, Charles Patrick Ryan O'Neal, Charles O'Neal, Patricia Callaghan O'Neal Organizations: Service, Business, Paramount Pictures, Hollywood Locations: Los Angeles, Europe, Bogdanovich's, Maryland

WASHINGTON (AP) — President Joe Biden is making a big push to raise money for his reelection effort before the end of the year, appearing at seven events through next Monday — with more to come. Biden will also attend a fundraiser Wednesday near the White House and another one on Monday in Philadelphia. One of the Boston events, titled “You've Got a Friend in Joe,” is billed as an “evening concert" with Taylor and Biden. Taylor, the winner of six Grammy Awards, helped kick off a White House event in 2022 celebrating the Inflation Reduction Act, a climate and health care bill that Biden signed into law. As of the last fundraising reporting deadline at the end of September, Biden and his party reported $91 million cash on hand.

Persons: Joe Biden, Biden, James Taylor, Steven Spielberg, Shonda Rhimes, Donald Trump, “, ”, Taylor, Michael Smith, Barack Obama, James Costos, Rocker Lenny Kravitz, Spielberg, Kate Capshaw, “ Indiana Jones, David Geffen, Rob Reiner, Nancy Pelosi, Barbra Streisand, Brian Slodysko Organizations: WASHINGTON, Democratic Party, White, Republican, Washington , D.C, Biden, Democratic National Committee, Boston, Associated Press, Democrats, White House, HBO, AP, Former Locations: Massachusetts, Boston, West Coast, Angeles, Philadelphia, Denver, Washington ,, Maryland, Los Angeles, Spain, “

☆ Kiss Loves to Say Goodbye. Is Its Rock ’n’ Roll Really Over?
▼ + stars: | 2023-12-01 | by ( Rob Tannenbaum | ) www.nytimes.com time to read: +3 min

But Sinatra returned two years later, to much ballyhoo and chart success, with the album “Ol’ Blue Eyes is Back.” Bowie was paying attention. “David was a big Sinatra fan,” his former manager, Tony DeFries, recently told Mojo magazine. Bowie’s retirement was a ruse, DeFries added, to generate publicity and whip up demand for a headlining tour of big venues in the United States. It worked; in 1974, Bowie played arenas across the country, including two shows at Madison Square Garden. After Bowie retired in 1973, then unretired in 1974, he retired a second time in 1975.

Persons: Bowie, It’s, Frank Sinatra, “, Plato, Gene Simmons, Sinatra, ” Bowie, “ David, Tony DeFries, DeFries, Elton John, ”, “ Elton, hasn’t, Lazarus, “ I’ve, ” Ozzy Osbourne, Judas Priest, Mötley Crüe, Cher, Meatloaf, Tina Turner, Barbra Streisand, “ I’d, ” Trent Reznor, Cameron Crowe Organizations: Mojo, Madison, Wembley, Billboard, Philippine Daily Inquirer, Playboy Locations: United States, London

☆ Bank of England drags Bagehot into the shadows
▼ + stars: | 2023-12-01 | by ( Liam Proud | ) www.reuters.com time to read: +8 min

That is no longer tenable, in part because of reforms to bank regulation that shifted activity from traditional lenders to financial market players. These days, the institutions in need of urgent liquidity are just as likely to be pension funds, insurers or hedge funds. The British central bank’s initial ideas make sense, but only solve part of the problem. The central bank can short-circuit the panic by opening the credit taps. Central banks are only just starting to grapple with what it means to be a lender of last resort in that context.

Persons: Walter Bagehot’s, Andrew Hauser, BoE, WALTER, Gurney, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, Bank of England, Reuters Graphics Reuters, U.S, Treasury, Federal Reserve, Pensions, . Treasury, Citadel, Millennium Management, City of, U.S . Federal, Gurney & Company, Victorian, Thomson Locations: British, City, City of London, Basel, Overend, Lombard

With a cash haul from elite party donors expected to reach into the millions, the Los Angeles event could help ease concerns among Democrats about Biden's reelection chances. As of the last fundraising reporting deadline at the end of September, Biden and his party reported $91 million cash on hand. During the 2020 Democratic primary campaign, Smith and Costos hosted Biden's first major fundraiser in the area, during a Los Angeles swing that raised over $1 million. At the time, Katzenberg was involved in planning events for another Democratic candidate, Pete Buttigieg, who is now Biden's transportation secretary. Katzenberg's former business partners at DreamWorks, Geffen and Spielberg, will be at the Smith and Costos event.

Persons: Joe Biden, Michael Smith, James Costos, Barack Obama's, Rocker Lenny Kravitz, Steven Spielberg, Kate Capshaw, “ Indiana Jones, David Geffen, Shonda Rhimes, Rob Reiner, Nancy Pelosi, Barbra Streisand, ” Smith, Biden, Republican Donald Trump, Wes Moore, Josh Shapiro, Dean Phillips, Biden's electability, Jeffrey Katzenberg, —, Katzenberg, Bill Clinton, Smith, Costos, Pete Buttigieg, Buttigieg, Spielberg Organizations: WASHINGTON, Democratic Party, HBO, The Associated Press, Former, Democratic, Republican, Gov, Minnesota, Democratic National Committee, Dreamworks Pictures, DreamWorks, Geffen Locations: Los Angeles, Spain, “, Washington , Boston , Maryland, Philadelphia, California

☆ Gayle King on Jumpsuits, Waking Up at 3:24 a.m. and Why She Doesn’t Drink
▼ + stars: | 2023-11-29 | by ( Marshall Heyman | Photographs Kacey Jeffers For The Wall Street Journal | ) www.wsj.com time to read: +1 min

TELEVISION PERSONALITY Gayle King began honing her interview skills as a child in Chevy Chase, Md. Today, she adds a new prime-time CNN news show to her résumé, “King Charles,” which she hosts with sportscaster Charles Barkley. For many years, King was best known as a much-referenced pal of Oprah Winfrey , whom she met in Baltimore in 1976 when both worked in local news. But today, King is a force in her own right, equally admired for her outsize personality, adventurous fashion sense and facility for chatting uninhibitedly with celebrities such as Jay-Z and Barbra Streisand. “Shyness is not one of my strong suits.” Here, King opens up about her addiction to icing, unfashionable loyalty to iPods, robust high-low wardrobe and more.

Persons: Gayle King, hasn’t, ”, “ King Charles, Charles Barkley, King, Oprah Winfrey, Barbra Streisand, “ I’ve, ” King Organizations: CBS, Oprah Daily, CNN Locations: Chevy Chase, Md, “, Baltimore

As technology titans jockey to back hot new startups, they are extracting explicit or implicit promises of revenue in return. loadingMicrosoft’s injection of $10 billion into OpenAI in January helped kick off the craze. As part of their deal, the ChatGPT operator agreed to exclusively use its new investor’s cloud computing services. Much of the invested capital should be returned relatively quickly as AI firms buy back-end services. Nvidia (NVDA.O) has at least 80% and as much as 95% of the AI market, according to estimates by analysts.

Persons: Sam Altman, Satya Nadella, OpenAI, Optimists, cynics, Jeffrey Goldfarb, Sharon Lam, Aditya Sriwatsav, Streisand Neto Organizations: Reuters, Microsoft, Financial Times, Apple, Nasdaq, Big Tech, OpenAI, Wall Street, Google, Reuters Graphics Reuters, Cisco Systems, Lucent Technologies, Nortel Technologies, Company, Global, Telecom, Nortel, Network, Nvidia, Thomson Locations: OpenAI, Silicon Valley

☆ Ferrovial ends bumpy Heathrow ride on a high
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 29 (Reuters Breakingviews) - Ferrovial (FERF.AS) may be relieved to be exiting one of the world’s busiest airports. The Spanish infrastructure giant has sold its final stake in Heathrow, left over after its 2006 acquisition of BAA, which owned the hub along with Stansted and Gatwick. Regulators forced BAA to sell airports like Gatwick on competition concerns, and Ferrovial later trimmed its stake to just 25%. In 2020 Covid-19 struck, and Heathrow has since been locked in disputes with airlines like British Airways, who accuse it of overcharging. The price paid by Ardian and Saudi Arabia’s Public Investment Fund values Heathrow including debt, at 25 billion pounds, a 27% premium to its regulated asset base.

Persons: –, Aimee Donnellan, Julius Baer’s, Lisa Jucca, Streisand Neto Organizations: Reuters, BAA, Stansted, Regulators, Gatwick, Heathrow, British Airways, Saudi Arabia’s Public Investment Fund, Jefferies, X, Barclays, Thomson Locations: Spanish, Heathrow, Gatwick, It’s

☆ How Jewish People Built the American Theater
▼ + stars: | 2023-11-29 | by ( Jesse Green | ) www.nytimes.com time to read: +46 min

Let Us Tell You A Story How Jewish people built the American theater as we know it. The theater, which for many Jews was a major way of becoming American in the first place, seems unable to acknowledge that the danger that American Jews face is not just historical, and not just onstage. (Both of Adler’s parents were Yiddish theater stars — her father, Jacob Adler, was a renowned Shylock in 1903.) Embedding their own observation and experience within Stanislavsky’s, along with the best of Yiddish theater and a generous dollop of Freud, they converted the American theater to Judaism. Sara Krulwich/The New York TimesThe Jewish contribution to the creation of the American theater was built on the acknowledgment of a larger humanity alive within each of us, available to some, with natural empathy and rigorous training.

Persons: Glocca, “, Lerner, Loewe, ”, Isidore Hochberg, Burton Lane, né Burton Levy, William Goldman, “ Killybegs, Sammy Davis Jr, Julie Andrews, Connie Francis, Rosemary Clooney, Tommy Dorsey, Davis, —, Arthur Miller’s “, joyously, Jason Schmidt, Christine Jones, Miller, I’ve, Marilyn Monroe, Robert Brustein, Neil Simon’s, ” Cynthia Ozick, Sholom, Philip Roth, Simon, Leonard Bernstein, Matt Nadel, Bradley, Bernstein, “ Maestro, Shylock, William Shakespeare’s “, Venice ”, Shakespeare, Christopher Marlowe’s, Farah Karim, Cooper, Bard ”, “ Merchant, Tom Stoppard’s, Sara Krulwich, Ansky’s, Stella Adler, Bessie Berger, Clifford Odets’s, Arthur Miller, Elia Kazan, Francis Joseph Bruguière, Billy Rose, Eugene Smith, Roth, Arthur Schnitzler, Juliet Stevenson, Ruth Wolff, Lorraine Hansberry’s, Sidney’s, Alex Edelman’s “, Leo Frank, Bernard B, Frank, Mandy Patinkin, James Lapine, Stephen Sondheim’s, George, Martha Swope, outspokenness, creatives, Oscar Isaac, Sidney, “ Sidney Brustein, Isaac, Stevenson, Robert Icke, Roman Catholic Cooper, Rachel Brosnahan, Maisel, Joan Rivers —, Brosnahan, Sidney Brustein’s, Alec Guinness, Fagin, “ Oliver Twist, I’m, Micaela Diamond, Ben Platt, Lucille, Alfred Uhry, Jason Robert Brown’s, Rivers, Wolff, Robert, Republic ”, isn’t, LEE Strasberg, Konstantin Stanislavsky’s, Fyodor Ivanovich, Strasberg, Israel Strassberg, Zalmon, Srulke, Joseph Stein, Sheldon Harnick, Jerry Bock’s “, Bette Midler, Jackie Hoffman, Photofest Stanislavsky, Theater’s, Isaac Butler, Stanislavsky, Harold Clurman, George Bernard Shaw, Henrik Ibsen, Clurman, Adler, Jacob Adler, Freud, Rebecca Naomi Jones, Ruthie Rivkin, Jerome Weidman, Harold Rome’s “, John Weidman, disown Strasberg, Sanford Meisner, Bobby Lewis, né, Marlon Brando, James Dean, Meisner, Robert Duvall, Lewis, Meryl Streep, Clifford Odets, Jacob Garfinkle, Jules Garfield, Odets, Sam Feinschreiber, Garfield, Ralph Berger, wasn’t, John, Tovah Feldshuh, Golda Meir, William Gibson’s, Aaron Epstein, exigencies, Bessie, Feinschreiber —, loveless, William Fox, Louis B, Mayer, Jack Warner, Marjorie Morningstar ”, Morgenstern, Marjorie, Natalie Wood, Anne Frank ”, Millie Perkins, Audrey Hepburn, Susan Strasberg —, Ibsen, Sholom Aleichem, August Wilson, Daveed Diggs, Thomas Jefferson, Lin, Manuel Miranda’s “ Hamilton ”, Adrian Lester, Emanuel Lehman —, Barbra Streisand, Marmelstein, George Silk, Miller’s, Sophie Okonedo, Elizabeth Proctor, Ben Whishaw, John Proctor, Jan Versweyveld, Don’t, — Bernstein, Stoppard, Schnitzler, Jeanine Tesori, Tony Kushner’s “ Caroline, Sharon D Clarke, Adam Makké, Noah Gellman, Leo, Stoppard —, Hermine, ” Leo Frank, there’s, Matthew Broderick, Eugene Jerome, it’s, Edelman’s, Queens bigots, David Yosef Shimon ben Elazar Reuven Alexander Halevi Edelman, Woody Allen, Joshua Harmon’s, — George Gershwin, Jerome Kern, Richard Rodgers, Porgy, Bess ”, Barns, Alex Edelman, Paula Vogel, Harvey Fierstein, Jordan Taylor Fuller, — that’s, Wendell Pierce, Friedman, Jacobs, Hirschfeld, Gershwin, Rodgers, PAULA VOGEL, BRANDON URANOWITZ, DAVID CROMER, MICAELA DIAMOND, TONY KUSHNER, Diamond, Monica Rich Kosann, Marco Bicego, JESSE EISENBERG, MATTHEW BRODERICK, AMY HERZOG, LESLIE RODRIGUEZ KRITZER, JOEL GREY, Herzog, Michael Kors, Kritzer, Marco, HARVEY FIERSTEIN, LIEV SCHREIBER, ETHAN SLATER, IDINA MENZEL, TINA LANDAU Organizations: Broadway, Broadway’s Lyceum, “, of Venice, New York Times, Defamation League, New York Public Library, Performing, Vandamm, Billy, Billy Rose Theatre Division, Performing Arts, New, Jacobs, Empire State, Nazi, Goyim Defense, The New York Public Library, Roman Catholic, New York City, Street, Moscow Art, Group, Hollywood, Disney, Everett, The New York Times, Philadelphia, Brit, Times Locations: Poland, American, kilts, E.Y, Harburg, Kilkerry, Kildare, Philadelphia, New York, Polish, Massachusetts, Vichy, Biloxi, Venice, Malta, of, ”, Germany, playgoers, Sweden, England, United States, Pittsburgh, Nazi, Brustein’s, Greenwich, Georgia, Gutenberg, “, Atlanta, Republic, New, Konstantin Stanislavsky’s Moscow, Russian, America, Moscow, Stanislavsky’s, Clurman, Eastern Europe, Czech, Austrian, Auschwitz, Heini, Southern, Brighton, Rivers, French Republic, “ Brigadoon

☆ ADNOC German oil deal has bad timing, good logic
▼ + stars: | 2023-11-28 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

Abu Dhabi National Oil Company (ADNOC), the state-owned Abu Dhabi oil giant he runs, is considering a bid for BASF-owned (BASFn.DE) Wintershall Dea, at a potential $11 billion valuation. The UAE firm is already in talks to buy chemical company Covestro (1COV.DE), Wintershall’s German compatriot, for $12 billion. Abu Dhabi's oil riches mean the UAE firm has the wherewithal to pay 5.5 billion euros for BASF’s Wintershall stake. Any deal could value Wintershall Dea at more than 10 billion euros ($11 billion), Bloomberg reported. BASF holds a 72.7% stake in Wintershall Dea.

Persons: Toru Hanai, Wintershall, Jaber, It’s, Austria’s, Abu, LetterOne, George Hay, Streisand Neto Organizations: REUTERS, Reuters, Abu Dhabi National Oil Company, BASF, The, Shell, Russian, Reuters Graphics Reuters, Abu, National Oil Company, Bloomberg, Wintershall Dea . Investment, Thomson Locations: Gastech, Chiba, Japan, Abu Dhabi, The UAE, Germany, Norway, UAE, Europe, United Kingdom, Abu, Russia, Wintershall Dea

☆ Barclays strategic fix will entrench low valuation
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 28 (Reuters Breakingviews) - Barclays (BARC.L) is looking for a valuation cure. Cutting into the investment bank and reallocating to the more stable retail operations may look enticing but is hard to do without upending short-term returns. Still, the currently favoured suggestion of cutting less profitable investment bank clients sounds equally tricky, and might only shave at most a tenth off Barclays’ 219 billion pounds of corporate and investment bank risk-weighted assets. At Credit Suisse-inflated UBS (UBSG.S), which trades near book value, investment bank RWAs are 25%. Even getting Barclays’ corporate and investment RWAs back to 50% of the total would involve shrinking them by over a fifth.

Persons: Venkatakrishnan, Aimee Donnellan, Julius Baer’s, Warren Buffett, George Hay, Streisand Neto Organizations: Reuters, Barclays, Barclays ’, Deutsche Bank, Credit Suisse, UBS, X, Thomson Locations: reallocating

☆ Rolls-Royce's overhaul is deceptively ambitious
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 28 (Reuters Breakingviews) - Rolls-Royce (RR.L) boss Tufan Erginbilgic wants to push Britain's biggest aerospace company to its limit. On the face of it, Erginbilgic's targets are not overly ambitious. Analysts were already forecasting a group operating margin of 11% in 2025 on the back of an air traffic recovery, according to LSEG data, not far below Erginbilgic's goal of 13%-15%. Yet this is the same margin range of Rolls-Royce's rivals Safran (SAF.PA) and General Electric (GE.N) which make engines for short-haul flights. Rolls-Royce's engines are instead used to power so-called widebody aircraft like Airbus's A330neo, used for transatlantic flights.

Persons: Tufan Erginbilgic, Safran, Pamela Barbaglia, Julius Baer’s, Warren Buffett, Neil Unmack, Streisand Neto Organizations: Reuters, Royce, Investors, General Electric, X, Thomson

☆ Schaeffler’s token bump sets up bigger battle
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Staff Acquire Licensing RightsLONDON, Nov 27 (Reuters Breakingviews) - Schaeffler’s (SHA_p.DE) token bump for Vitesco Technologies (VTSCn.DE) may not ensure a smooth ride. The 3.4 billion euro German industrial group raised its tender price for shares in auto parts group Vitesco by 3% to 94 euros. On that basis the 94 euros tender price is only a 7% premium above fair value. Assuming enough shareholders now tender, the final merger price for any remaining shares will be set by a third-party valuer. Yet Vitesco’s board, backed by three banks including JPMorgan (JPM.N) and Lazard (LAZ.N), have now published fairness opinions saying the company is worth more than 94 euros.

Persons: Thomas Stierle, David Einhorn’s, Neil Unmack, Warren Buffett, George Hay, Streisand Neto Organizations: REUTERS, Staff, Reuters, Vitesco Technologies, JPMorgan, Lazard, X, Thomson Locations: Frankfurt, Germany, China, Rome

First this fall, another round with COVID-19 shuttered Stephen Colbert's “The Late Show.” Now the show is again sidelined as the host recovers from a burst appendix. The comedian revealed on social media Monday that he's recovering after surgery, wiping out planned shows for Tuesday, Wednesday and Thursday. “Going forward, all emails to my appendix will be handled by my pancreas,” he joked. Copyright 2023 The Associated Press. This material may not be published, broadcast, rewritten or redistributed.

Persons: Stephen Colbert's “, “, ”, Colbert, Jennifer Garner, Baz Luhrmann, Patrick Stewart, Kelsey Grammer, Jon Batiste, Barbra Streisand, COVID Organizations: Associated Press

☆ EU is ill-equipped to meet growing global threats
▼ + stars: | 2023-11-27 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

The snag is that EU countries are ever more reluctant to give up their right to block collective actions. Meanwhile, rivalry between the United States and China – and a green subsidy race between the world's two largest economies – is undermining the world trading system. The response of EU countries to the Gaza conflict has also been shambolic, both individually and collectively. Yet EU countries are also grappling with nationalistic currents, the latest demonstration of which is last week’s election victory by Geert Wilders, the Dutch politician who has long campaigned on an anti-immigrant and anti-EU ticket. But it is not clear that EU countries want to find a way to speed up collective decision-making.

Persons: Donald Trump, Vladimir Putin, Geert Wilders, Olivier Costa, Jan Zielonka, Erik Jones, keener, Annalena, Shahin Vallée, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, European, NATO, EU, United Nations General Assembly, Franco, Britain, IF, College of Europe, Oxford University, European University Institute, Thomson Locations: Ukraine, United States, China, EU, People's Republic, Gaza, Dutch, Washington, Beijing, Germany, France, Denmark, United Kingdom, Berlin, Franco, Russia

☆ Stephen Colbert cancels ‘Late Show’ episodes after suffering ruptured appendix
▼ + stars: | 2023-11-27 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +1 min

CNN —Stephen Colbert is calling in sick this week from his “Late Show” hosting duties. Colbert announced on Threads Monday that he has to cancel this week’s previously scheduled new episodes of “The Late Show with Stephen Colbert” as he recovers from surgery. “Sorry to say that I have to cancel our shows this week. Gravy boat capsize?” Actually, I’m recovering from surgery for a ruptured appendix,” he wrote. The “Late Show” airs Monday through Friday at 11:35 p.m. EST on CBS, and streams on Paramount+.

Persons: Stephen Colbert, Colbert, Stephen Colbert ”, ”, he’s, Evie McGee, “, Jennifer Garner, Baz Luhrmann, Patrick Stewart, Kelsey Grammer, Barbara Streisand, Jon Batiste Organizations: CNN, CBS, Paramount Locations: Turkey

☆ CBS 'Late Show' host Stephen Colbert recovering from ruptured appendix
▼ + stars: | 2023-11-27 | by ( Steve Gorman | ) www.reuters.com time to read: +2 min

Stephen Colbert moderates a panel on the Prime Video streaming series The Lord of the Rings: The Rings of Power at Comic-Con International in San Diego, California, U.S., July 22, 2022. REUTERS/Bing Guan/File Photo Acquire Licensing RightsLOS ANGELES, Nov 27 (Reuters) - Production of "The Late Show with Stephen Colbert" was canceled this week as the top-rated U.S. late-night television host recovers from surgery for a ruptured appendix, the CBS program announced on Monday. "Sorry to say that I have to cancel our shows this week. Actually, I’m recovering from surgery for a ruptured appendix," he wrote. Reporting by Steve Gorman in Los Angeles; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephen Colbert, Bing Guan, Colbert, Evie, Ed Sullivan, Jennifer Garner, Baz Luhrmann, Jon Batiste, Patrick Stewart, Barbra Streisand, Kelsey Grammer, Variety, Steve Gorman, David Gregorio Our Organizations: Power, Con, REUTERS, CBS, Writers Guild of America, Thomson Locations: San Diego , California, U.S, Turkey, Manhattan, Hollywood, Los Angeles

☆ Julius Baer’s damage control only goes so far
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

The logo of Swiss private bank Julius Baer is seen at their headquarters in Zurich, Switzerland February 2, 2022. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsMILAN, Nov 27 (Reuters Breakingviews) - Julius Baer (BAER.S) has soothed agitated investors’ fears – but only up to a point. The $11 billion Swiss wealth manager said on Monday that 70 million Swiss francs of recently revealed losses stemmed from 606 million Swiss francs of loans to a single corporate client – which Reuters identified as troubled property group Signa. That’s 40% of the bank’s 1.5 billion Swiss francs riskiest credits, an uncomfortably high concentration. That implies a buffer of 450 million Swiss francs over the 14% threshold at which boss Philipp Rickenbacher gets comfortable doing share buybacks.

Persons: Julius Baer, Arnd, ’, –, Philipp Rickenbacher, Julius Baer’s, Lisa Jucca, Warren Buffett, George Hay, Streisand Neto Organizations: REUTERS, Reuters, X, Thomson Locations: Zurich, Switzerland, China

☆ Stephen Colbert Cancels ‘Late Show’ Episodes After Rupturing Appendix
▼ + stars: | 2023-11-27 | by ( Christopher Kuo | More About Christopher Kuo | ) www.nytimes.com time to read: 1 min

Stephen Colbert canceled his “Late Show” episodes for the week as he recovers from surgery for a ruptured appendix, he announced on Monday. “Sorry to say that I have to cancel our shows this week,” Colbert, who is 59, wrote in a social media post. Gravy boat capsize?’ Actually, I’m recovering from surgery for a ruptured appendix.”“The Late Show With Stephen Colbert” had new shows scheduled for Tuesday, Wednesday and Thursday, with planned appearances from Barbra Streisand, Jennifer Garner, Baz Luhrmann, Patrick Stewart and Kelsey Grammer. Colbert has been hosting his late-night talk show on CBS since 2015. He canceled several shows last month while recovering from Covid-19.

Persons: Stephen Colbert, ” Colbert, “, ” “, Stephen Colbert ”, Barbra Streisand, Jennifer Garner, Baz Luhrmann, Patrick Stewart, Kelsey Grammer, Colbert Organizations: CBS Locations: Turkey, Covid

☆ German budget crisis will haunt economy for years
▼ + stars: | 2023-11-24 | by ( Pierre Briancon | ) www.reuters.com time to read: +4 min

LONDON, Nov 24 (Reuters Breakingviews) - The German government is working hard to demonstrate the foolishness of the country’s iron-clad ban on large budget deficits. The budget crisis will cripple the economy for years to come, for three reasons. The debt brake, which limits structural budget deficits to 0.35% of GDP, has only been suspended for this year’s budget. Public net investment has been negative for 20 years, Marcel Fratzscher, head of the German Institute for Economic Research, has pointed out. The country is not on the cusp of a debt crisis.

Persons: Carsten Brzeski, That’s, Marcel Fratzscher, Christian Lindner, Lindner, George Hay, Streisand Neto Organizations: Reuters, Constitutional, Organisation for Economic Co, Development, ING, German Economic Institute, Public, German Institute for Economic Research, German, Germany’s, Thomson Locations: Europe, Berlin

☆ The future of interest rates is more surprises
▼ + stars: | 2023-11-24 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Observing these oscillating forecasts, a bystander might conclude that nobody knows anything about the future direction of interest rates. The study examined data from 19 countries back to 1870 and found only a tenuous link between the determinants of savings and investment and real interest rates. “No single factor or combination of such factors”, the authors concluded, “can consistently explain the long-term evolution of real interest rates. Indeed, if the trend persisted Schmelzing forecast that “within a generation historically implied real interest rates will have reached negative territory”. Homer and Sylla wryly observe that people assume that the interest rates they encounter are normal and are surprised by what comes next.

Persons: Claudio Borio, “, ”, Paul Schmelzing, Sidney Homer, Richard Sylla, Sylla, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, U.S, Capital Economics, Bank for International, Austrian, Reuters Graphics Reuters Graphics, Financial, Boston College, Treasury, Thomson Locations: Central, U.S . Federal, London, Japan

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