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☆ ‘Sick man of Europe?’ Germany says it just needs a coffee
▼ + stars: | 2024-01-19 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Germany’s finance minister has shrugged off suggestions his country has once again become the “sick man” of Europe. Long the engine of growth in Europe, Germany’s economy shrank last year by 0.3%, likely the weakest performance among the region’s big countries. “I know what some of you are thinking: Germany probably is a sick man. Germany is not a sick man… Germany is a tired man after a short night,” Christian Lindner said at the annual World Economic Forum in Davos, Switzerland. The country became known as the “sick man of Europe” in the late 1990s as its economy faltered and unemployment soared.

Persons: It’s, ”, “, ” Christian Lindner, ” Lindner, ” Daniel Kral Organizations: London CNN —, Economic, Oxford Economics, Germany’s Federal, Office Locations: Europe, Germany, Davos, Switzerland, Germany’s, Ukraine, Moscow, Berlin, Russia, Red

☆ Bans Haven’t Lowered the National Abortion Rate. Pro-Lifers Must Find Another Way. - The New York Times
▼ + stars: | 2024-01-18 | by ( Daniel K. Williams | ) www.nytimes.com time to read: +1 min

Most abortion opponents did not expect the overturning of Roe v. Wade and the passage of state abortion bans to lead to the expansion of legal abortion in much of the United States. Opponents of abortion are now on the defensive. That’s largely because their strategy has focused on passing bans, which have been politically polarizing and have alienated members of the Democratic Party — a party that only a few decades ago included many supporters of the pro-life cause. It didn’t have to be this way. As a historian of the anti-abortion movement and abortion politics, I wrote in early 2021 that the end of Roe may “only marginally reduce the number of legal abortions” in the United States and “at worst, may lead to a pro-choice Democratic backlash that will expand the number of legal abortions.”

Persons: Roe, Wade, Dobbs, ” Organizations: Jackson, Health Organization, Democratic Party —, Democratic Locations: United States

His legal team said Bouvier pocketed the sum by buying famous artworks from Sotheby's before selling them to Rybolovlev at marked up prices. In all, Rybolovlev spent about $2 billion on art from 2002 to 2014 as he built a world-class art collection. In his testimony, Rybolovlev blamed murky practices in the blue-chip art world for leaving him damaged financially. When asked by his lawyer why he sued Sotheby's, Rybolovlev said: “So it's not an issue of money. Rybolovlev claims he was purposefully deceived by Bouvier and a London-based executive at Sotheby's as he bought 38 art pieces.

Persons: he'd, Dmitry Rybolovlev, Rybolovlev, Yves Bouvier, “, I'm, ” Rybolovlev, Bouvier, didn't, ”, Sotheby's, it's, Sara Shudofsky, Daniel Kornstein, “ Sotheby’s, Leonardo da Vinci’s, Salvator Mundi, Bouvier's, David Bitton, Yves Klein, Bouvier “, Trump, Vladimir Putin, Kornstein, hasn’t Organizations: Sotheby’s, Sotheby's, Russia Locations: Swiss, Manhattan, London, New York, Singapore , Hong Kong , New York, Monaco, Geneva, Switzerland, Ukraine, Russia

☆ ‘Lift’ Review: Thin as Thieves
▼ + stars: | 2024-01-11 | by ( Robert Daniels | ) www.nytimes.com time to read: +1 min

Kevin Hart plays Cyrus, a master thief, in the undercooked heist flick, “Lift,” directed by F. Gary Gray. Beyond the windfall Jorgensen will get from shorting water utility stocks, it’s unclear what he gains from this elaborate ruse. An Interpol agent, Abby (Gugu Mbatha-Raw), enlists Cyrus to steal the passenger plane carrying the gold bars before any damage can be done. Although Abby and Cyrus are old flames, the film doesn’t pick up any romantic steam, either, thanks to what passes for banter. “I was looking at the questions that weren’t being asked,” Cyrus tells Abby.

Persons: Kevin Hart, Cyrus, ”, Gary Gray, Daniel Kunka, Lars Jorgensen, Jean Reno, Jorgensen, Abby, Gugu, “, weren’t, ” Cyrus Organizations: Interpol Locations: Tuscany, Venice

☆ Hawaiian Airlines' parent surges on $1.9 bln buyout deal with Alaska Air
▼ + stars: | 2023-12-04 | by ( Ananta Agarwal | ) www.reuters.com time to read: +2 min

Hawaiian Airlines airplanes sit idle on the runway at the Daniel K. Inouye International Airport due to the business downturn caused by the coronavirus disease (COVID-19) in Honolulu, Hawaii, U.S. April 28, 2020. REUTERS/Marco Garcia/File Photo Acquire Licensing RightsDec 4 (Reuters) - Shares of Hawaiian Holdings (HA.O), the parent of Hawaiian Airlines, nearly tripled on Monday after Alaska Air Group (ALK.N) agreed to acquire it for $1.9 billion, including debt. Hawaiian Holdings hasn't reported an adjusted profit in three yearsAlaska and Hawaiian said on Sunday the deal, valued at $929.4 million on an equity basis, will expand their networks and offer more choices to passengers. The deal will enable Alaska to grow in the lucrative Asia Pacific market, while Hawaiian customers can travel non-stop to the U.S. mainland, Becker added. Shares of Seattle-based Alaska Air were down 17.6%.

Persons: Daniel K, Marco Garcia, TD Cowen, Helane Becker, Becker, Craig Jenks, Biden, Ananta Agarwal, Shivansh, Krishna Chandra Eluri Organizations: Airlines, Inouye, REUTERS, Hawaiian Holdings, Hawaiian Airlines, Alaska Air Group, Airbus, Alaska Air, Holdings, Sunday, Asia, Airline, Aircraft, U.S . Justice, JetBlue, Spirit Airlines, Thomson Locations: Honolulu , Hawaii, U.S, Maui, Alaska, Asia Pacific, New York, premarket, Seattle, Bengaluru

The San Francisco skyline is seen behind a self-driving GM Bolt EV during a media event where Cruise, GM's autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. The California Public Utilities Commission (CPUC) on Friday ordered Cruise to appear at a Feb. 6 hearing for "misleading the Commission through omission regarding the extent and seriousness of the accident" and "making misleading public comments regarding its interactions with the commission." Cruise's troubles are also a setback for an industry dependent on public trust and the cooperation of regulators. GM had told investors Cruise and its technology could generate $50 billion a year in revenue by 2030. Reporting by Hyunjoo Jin in San Francisco and David Shepardson in Washington, Additional reporting by Abhirup Roy in San Francisco; Editing by Richard Chang and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Elijah Nouvelage, Cruise, Kyle Vogt, Daniel Kan, Jose Alvarado, Ashlyn Kong, Kong, ”, Tim Piechowski, Waymo, John Reynolds, Gavin Newsom, Mary Barra, Hyunjoo Jin, David Shepardson, Abhirup Roy, Richard Chang, Nick Zieminski Organizations: San, GM Bolt, REUTERS, General Motors, GM, California Public Utilities Commission, CPUC, Cruise, Capital Research, California's Department of Motor Vehicles, Thomson Locations: San Francisco, San Francisco , California, U.S, California, United States, Washington

[1/2] Members of the International Federation of Medical Students Associations hold placards during a protest demanding an end to fossil fuels at COP28 World Climate Summit, in Dubai, United Arab Emirates, December 3, 2023. Climate-related impacts "have become one of the greatest threats to human health in the 21st century", COP28 President Sultan Ahmed Al-Jaber said in a statement. The World Bank on Sunday launched a new Climate and Health program to explore possible interventions and public health solutions for developing countries. "We have new tools at the lab level that decimate mosquito populations," said Gates, whose foundation supports public health research and projects for the developing world. Former U.S. Secretary of State Hillary Clinton also spoke on Sunday at COP28, urging reform to the world's insurance system as another key requirement to keep people safe.

Persons: Amr Alfiky, Sultan Ahmed Al, Jaber, COP28, Joseph Vipond, Storm Daniel, Bill Gates, Gates, Hillary Clinton, Clinton, Gloria Dickie, Elizabeth Piper, Alexander Cornwell, Simon Jessop, Kate Abnett, William James, Katy Daigle, Jan Harvey Organizations: International Federation of Medical, United Arab Emirates, REUTERS, Rights, Physicians, World Health Organization, Bank, Sunday, Health, World Bank, Microsoft, Former U.S, Reuters, Thomson Locations: Dubai, United Arab, Alberta, Canada, Western, Libya, Pakistan, COP28

☆ How Behavioral Economics Took Over America - The New York Times
▼ + stars: | 2023-11-30 | by ( Leif Weatherby | ) www.nytimes.com time to read: +2 min

My watch constantly buzzes with “relax reminders.” The number of calories appears next to every menu item at fast-food restaurants. The “nudge doctrine” the pair developed has led to the creation of hundreds of “nudge units” in governments all over the world (including our own), that seek to put nudges in policies and procedures. The science behind nudging is little more than a thin set of claims about how humans are “predictably irrational,” and our policies and systems should heavily divest from its influence. The nudge doctrine originated in behavioral economics, a field of applied social science that has deeply influenced public policy and algorithm design. Behavioral economics is based in large part on the Nobel-winning insights of Daniel Kahneman and Amos Tversky, whose groundbreaking experiments in the 1970s showed that humans made systematic errors when reasoning about statistics.

Persons: Cass Sunstein, Richard Thaler, Daniel Kahneman, Amos Tversky Organizations: Nobel

The logo of Atos is seen on a company building in Nantes, France, March 11, 2022. It is also in advanced negotiations with Kretinsky's EP Equity Investment (EPEI) vehicle to "modify and simplify" some terms of its proposed 2 billion euro ($2.11 billion) sale of Tech Foundations, the group said. AlphaValue analyst Helene Coumes attributed the drop to "the endless uncertainty on the deal on Tech Foundations, the financing issues and how the change of some terms of the agreement will be favorable for the minority shareholders". The Tech Foundations deal would also see Kretinsky take a 7.5% stake in the group's cybersecurity unit Eviden, which is what would be left of Atos. Reporting by Diana Mandiá; Editing by Kirsten Donovan, Robert Birsel and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephane Mahe, Daniel Kretinsky, Helene Coumes, Atos, Diana Mandiá, Kirsten Donovan, Robert Birsel, Jan Harvey Organizations: REUTERS, Tech Foundations, Kretinsky's, Equity Investment, Tech, Thomson Locations: Nantes, France, Czech, Atos

ATLANTA (AP) — It's a fight over land in one of rural Georgia's poorest areas, but it could have implications for property law across the state and nation. A hearing officer will take up to three days of testimony, making a recommendation to the five elected members of the Georgia Public Service Commission, who will ultimately decide. Railroads have long had the power of eminent domain, but Georgia law says such land seizures must be for “public use." “This is not a taking of necessity from private property owners to serve truly public interests and the public as a whole. The case matters because private entities need to condemn private land not only to build railroads, but also to build other facilities such as pipelines and electric transmission lines.

Persons: —, Donald Garret Sr, won’t, ”, Daniel Kochan, Ben Tarbutton III, Janet Paige Smith, ” Smith Organizations: ATLANTA, Georgia Public Service Commission, Sandersville Railroad, CSX, Atlanta . People, Heidelberg Materials, Sandersville, Institute for Justice, Railroads, Virginia's George Mason University, Community Coalition, Southern Poverty Law Locations: Georgia's, Georgia, Sparta, Atlanta, New London , Connecticut, Heidelberg

☆ France's Casino is looking to sell more supermarkets, Les Echos reports
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Nov 27 (Reuters) - Heavily indebted French supermarket group Casino (CASP.PA) is preparing to sell more supermarkets to Intermarche, a unit of Groupement Les Mousquetaires, or even put its remaining stores for sale to the highest bidder, daily Les Echos said in its Monday edition. Casino already received expressions of interest for its remaining 291 supermarkets, including 60 franchises, and 52 large-scale hypermarkets, the daily said. It warned last week of likely 2023 losses for its core French business due to a slower-than-expected turnaround at its hypermarkets division. Candidates for a takeover must submit their offer by Wednesday, Les Echos said. Reporting by Sybille de La Hamaide and Claude Chendjou; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephane Mahe, Les, Les Echos, France's, Daniel Kretinsky, Sybille de La Hamaide, Claude Chendjou, David Gregorio Our Organizations: REUTERS, Rights, Thomson Locations: aÊCasinoÊsupermarket, Nantes, France, Czech

The San Francisco skyline is seen behind a self-driving GM Bolt EV during a media event where Cruise, GM's autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. Cruise had in recent months touted ambitious plans to expand to more cities, offering fully autonomous taxi rides. GM lost more than $700 million at Cruise in the third quarter and more than $8 billion since 2016. Cruise has operations in Phoenix and Austin, where regulators have been more accommodating. As part of its previous expansion plans, Cruise had last year asked the National Highway Traffic Safety Administration (NHTSA) for permission to deploy up to 2,500 self-driving vehicles annually without human controls.

Persons: Elijah Nouvelage, Kyle Vogt, Daniel Kan, Cruise, Paul Jacobson, Mary Barra, Morgan Stanley, Adam Jonas, Waymo, Samrhitha, David Shepardson, Joe White, Sayantani Ghosh, Arun Koyyur Organizations: San, GM Bolt, REUTERS, General Motors, Cruise, GM, Reuters, United Auto Workers, FRANCISCO GM, Traffic Safety Administration, NHTSA, Thomson Locations: San Francisco, San Francisco , California, U.S, California, United States, Washington, Phoenix, Austin, Bengaluru, Detroit

Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany, November 16, 2023. As a result of the impairment, Thyssenkrupp, which has been trying to divest its steel division for several years, posted a 2-billion-euro net loss for the fourth quarter. Shares of the company, which proposed a stable dividend of 0.15 euros apiece, were indicated to open 1.8% lower in pre-market trade. Thyssenkrupp - which apart from steel builds submarines, car parts and operates a large materials trading business - said it was in constructive and open-ended talks with EPH about a potential steel joint venture. EPH, controlled by Czech billionaire Daniel Kretinsky, would support Thyssenkrupp Steel Europe with its energy expertise in any joint venture, the company said.

Persons: Wolfgang Rattay, Miguel Lopez, Daniel Kretinsky, Thyssenkrupp, Christoph Steitz, Tom Kaeckenhoff, Sandra Maler, Miranda Murray, Sherry Jacob, Phillips Organizations: REUTERS, Wednesday, EPH, Thyssenkrupp Steel, Thomson Locations: Duisburg, Germany, FRANKFURT, DUESSELDORF, Czech, Europe

☆ Millennials say they need $525,000 a year to be happy. A Nobel prize winner's research shows they're not wrong.
▼ + stars: | 2023-11-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

For millennials, happiness would come from a $525,000 annual salary. Still, high inflation, interest rates, and student loans damper Americans' financial happiness. Here's what each generation said they need to earn annually, as well as the net worth required, to achieve happiness:Gen Z: $128,000, with a net worth of $487,711Millennials: $525,000, with a net worth of $1,699,571Gen X: $130,000, with a net worth of $1,213,759Boomer: $124,000, with a net worth of $999,945AdvertisementMen said they needed to earn $381,000 annually, while women said $183,000 would make them happy. The latest economic data could make Americans' financial happiness goals more achievable. AdvertisementThe latest Survey of Consumer Finances from the Federal Reserve, however, had a glimmer of hope for millennials when it comes to net worth.

Persons: —, Daniel Kahneman, Matthew Killingsworth, Angus Deaton, millennials Organizations: Service, Penn's Wharton School, Federal, Consumer Finances, Federal Reserve

☆ GM to hold Nov. 29 business update after UAW contract deal
▼ + stars: | 2023-11-21 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsCompanies General Motors Co FollowNov 21 (Reuters) - General Motors (GM.N) said on Tuesday it will give a Nov. 29 business update following the ratification of new labor agreements in the United States and Canada. GM CEO Mary Barra and Chief Financial Officer Paul Jacobson will hold a conference call with analysts. The United Auto Workers union on Monday said members had approved a new labor deal through April 2028 that will boost GM's labor costs, including an immediate 11% pay hike. Before the additional $1 billion in cuts announced in July, the automaker earlier this year said it would cut fixed costs by $2 billion by the end of 2024.

Persons: Rebecca Cook, Mary Barra, Paul Jacobson, Daniel Kan, Kyle Vogt, David Shepardson, Jonathan Oatis Organizations: General Motors, REUTERS, United Auto Workers, New York Stock Exchange, Detroit, Cruise, GM, National Football League, EV, Thomson Locations: Detroit , Michigan, U.S, United States, Canada, California

☆ GM’s driverless ride heads into a ditch
▼ + stars: | 2023-11-21 | by ( Jonathan Guilford | ) www.reuters.com time to read: +3 min

A self-driving GM Bolt EV is seen during a media event where Cruise, GM's autonomous car unit, showed off its self-driving cars in San Francisco, California, U.S. November 28, 2017. Automotive giant GM acquired Cruise in 2016, subsequently bringing on investors including SoftBank’s (9984.T) Vision Fund, Honda Motor (7267.T) and Microsoft (MSFT.O). The question is whether GM’s autonomous division has enough momentum to recover from that loss. CONTEXT NEWSDaniel Kan, co-founder and chief product officer of General Motors’ autonomous taxi business Cruise, resigned from the company on Nov. 20, Reuters reported. California’s Department of Motor Vehicles suspended Cruise’s autonomous license in the state on Oct. 24, saying that the company had “misrepresented” the safety of its technology.

Persons: Elijah Nouvelage, Tesla, that’s, Cruise’s, Cruise, Kyle Vogt, Daniel Kan –, Sam Altman, Elon Musk, Mary Barra hasn’t, SoftBank, Daniel Kan, John Foley, Sharon Lam Organizations: GM Bolt, REUTERS, Reuters, General Motors, Automotive, GM, Cruise, Vision Fund, Honda, Microsoft, Uber Technologies, Ford, U.S . National, Traffic, Administration, California’s Department of Motor Vehicles, Thomson Locations: San Francisco , California, U.S, San Francisco, California

☆ GM Cruise cofounder, senior exec Dan Kan quits day after CEO exit
▼ + stars: | 2023-11-20 | by ( Greg Bensinger | Thomson Reuters | Greg Bensinger Joined Reuters As A Technology Correspondent In Focusing On The World'S Largest Technology Companies. He Was Previously A Member Of The New York Times Editorial Board | ) www.reuters.com time to read: +2 min

REUTERS/Elijah Nouvelage/File Photo Acquire Licensing RightsNov 20 (Reuters) - General Motors' (GM.N) Cruise co-founder and chief product officer Daniel Kan has resigned, the company told Reuters on Monday, a day after Cruise CEO Kyle Vogt quit. A spokesperson for Cruise said Kan announced his resignation in a Slack message. In his message to employees, seen by Reuters, Kan noted that Cruise had been serving 10,000 rides per week. GM shuffled leadership at Cruise including naming general counsel Craig Glidden as chief administrative officer, bringing in a third-party safety officer and appointing co-presidents. U.S. Transportation Secretary Pete Buttigieg told reporters on Monday the federal government will do everything it can using existing regulatory powers to ensure that Cruise and other autonomous vehicles are deployed safely.

Persons: Elijah Nouvelage, Cruise, Daniel Kan, Kyle Vogt, Kan, Vogt, Kan didn't, Craig Glidden, Pete Buttigieg, Greg Bensinger, Chizu Nomiyama, Chris Reese, Cynthia Osterman Organizations: GM Bolt, REUTERS, General Motors, Reuters, Cruise, GM, U.S . Transportation, Thomson Locations: San Francisco , California, U.S, United States, San Francisco

☆ Was Peace Ever Possible?
▼ + stars: | 2023-11-20 | by ( Moderated Emily Bazelon | A Discussion Moderated Emily Bazelon | ) www.nytimes.com time to read: +45 min

This was known as the Oslo peace process, named for the city where the secret talks took place. Micha Bar-Am/Magnum Photos Prime Minister Yitzhak Shamir of Israel during the the Middle East peace conference in Madrid, 1991. Margalit: All the Israeli leaders who negotiated for peace, starting with Rabin, were in a weak political position. Dajani: With the First Intifada, and then subsequently Madrid and Oslo, Palestinians suddenly see the possibility of agency. But what’s important to understand is that the notion of peace for Rabin, and for most Israelis, is that peace is a lack of violence from the other side.

Persons: Jordan, Israel, Yasir Arafat, Bernard Frye, Arafat, Larry Towell, Abbas, Micha, Yitzhak Shamir, Jerome Delay, Saddam, Hussein, George H.W, Bush, James A, Baker III, Baker, Shamir, Yitzhak Rabin, Rabin, Shimon Peres, —, Margalit, Saddam Hussein, Hosni Mubarak of, King Hussein of Jordan, Bill Clinton, Gary Hershon, Abu Alaa, “, ” Rabin, ” Arafat, ”, Ashrawi, Yehuda, Efraim, Susan Meiselas, Baruch Goldstein, Patrick Baz, Daoud Mizrahi, Gilles Peress, Goldstein, Matti Steinberg, Netanyahu, Bazelon, Clinton, Shikaki, Manal Jamal, didn’t, Dennis Ross, Omar, Camp David, Ehud Barak, Md, Ralph Alswang, Christopher Anderson, Motasm Amir, Barak didn’t, Barak, David, Dajani, Emily, Arafat —, Ross, Mary, Nobody, Arafat didn’t, Hosni Mubarak, Mubarak, El, there’s, There’s, Robert Malley, Hussein Agha, ” Barak, Sharon, It’s, Yarden Romann, Peter van Agtmael, Khan Younis, Yousef Masoud, Khan, Ahmad Hasaballah, Ziv Koren, they’re, Dan, Avishai, Omar Dajani, Taba, Dana El Kurd, Efraim Inbar, ‘ ‘ Rabin, ’ ’, Daniel Kurtzer, Avishai Margalit, George Kennan, Van, Khalil Shikaki, Limor Yehuda, Emily Bazelon, Nabil Ismail, Pascal, Said, Ulf Andersen, Getty, Menahem Kahana, Abdel, Shafi, Maggie Ohayon, Yigal Amir, Yoav Lemmer, Jack Guez, Olmert, Moshe Milner, Ami, Dani Cardona, Awad Awad, Obama, Ben Gershom Organizations: United Nations, West Bank, Associated, Palestine Liberation Organization, U.S, Soviet Union, Palestinian, Madrid didn’t, Bank, White, Agence France, Presse, Getty Images, Oslo Accord, White House, Reuters, Israel’s Labor Party government, Bazelon, Oslo Palestinian, Getty, West, Shin, Gross, . Security, Camp, Camp David Summit, Labor Party, NPR, American, New York Times, Polaris, Labor, United, McGeorge School of Law, University of the, Israel, Camp David, University of Richmond, Arab Center Washington, Jerusalem Institute for Strategy, Security, Shalem College, Bar, Ilan University, Sadat Center, Strategic Studies, Israel’s National Security, Princeton University’s School of Public and International Affairs, Hebrew University of Jerusalem, Institute for, Princeton, Israel Academy of Sciences, Humanities, Van Leer Jerusalem Institute, Palestinian Center, Policy, Research, Crown Center for Middle East Studies, Brandeis University, Gaza, Hebrew University, Haifa University, Human, The New York Times Magazine, Mount Locations: Israel, Jordan, Gaza, Egypt, Jerusalem, Zion, Munich, Tunisia, Oslo, American, Oslo Gaza, Palestine, Madrid, Kuwait, United States, Soviet, Lebanon, Syria, Jordanian, America, Washington, U.S, Hosni Mubarak of Egypt, U.N, Independence, Palestinian, Sudan, Libya, Yemen, Iraq, Rafah, Hebron, Ibrahimi, West Bank, Judea, Samaria, Yehuda, Camp David, Jenin, Haram, Al Aqsa, Khan, Kfar Aza, Khan Younis, Ahmad, Old, Ireland, Bosnia, Tel Aviv, Iran, Athens, El, Camp, Israeli, Van Leer, Ramallah

☆ Ruzwana Bashir Is Quietly Connecting the Tech World
▼ + stars: | 2023-11-16 | by ( ) www.businessinsider.com time to read: +18 min

Story by Melia RussellPhotography by Lelanie FosterRuzwana Bashir is ransacking her kitchen cabinet for just the right tea. Bashir wears an Erdem floral-printed bra top, Erdem skirt, Giuseppe Zanotti shoes, Old Jewelry earrings along with her own bracelet and ring. "Part of building a business was going out and sharing what you were doing with the world," Bashir says. For years Bashir's startup had been building muscle around these capabilities; now it had an eager audience. Eating at acclaimed restaurants is fine, but Bashir prefers the more-intimate affairs at tech executives' homes because, she says, "you can stay longer."

Persons: Melia Russell, Lelanie Foster Ruzwana Bashir, Peek, She's, she's, Andy Warhol, Picasso, Bashir, I'm, Andreessen Horowitz, Jack Dorsey, Eric Schmidt, Goldman Sachs, Giuseppe Zanotti, Lelanie Foster, Bashir isn't, Elon Musk, Ronan Farrow, Roelof Botha, Mustafa Suleyman, we've, Bennett Miller, Capote, " Miller, —, doesn't, didn't, Madeleine Albright, Tom Ford, Jared Cohen, Oskar Bruening, Forbes, Mark Zuckerberg, I've, Bashir wasn't, Travis Kalanick, Adam Neumann, Ty, Emily Weiss, Bashir refashioned, Donald Trump, Bruening, Laurence Tosi's, Miller, Beyoncé, shrugs, Anna Wintour, Anna, we're, Taylor Swift, Katie Haun, Marc Benioff, Reid Hoffman, Marissa Mayer, Dick Costolo —, Cohen, Katherine Maher, Maher, Daniel Kahneman, It's, Radel, Becky Akinyode, Elaine Winter, Tiffany Bloomfield, Dela, Chad Hilliard, Enmi, Kenny Aquiles Ulloa, Cyrenae, Madison Perez, Aidan Lapp, Bashira Webb, Bryan Erickson, Jinyoung Chang, Rodriguez, Rebecca Zisser, Claire Landsbaum, Emma LeGault, Joi, Marie McKenzie, Conner Blake, Kyle Desiderio, Victoria Gracie, Nicole Forero, Virginia Alves Organizations: Google, Museum of, Business, Elon, Vogue, Roelof, Oxford University, Oxford Union, Blackstone Group, Harvard Business School, Studios, Web, Young, Organization, Dela Revoluciøn, Enmi Yang Digital Tech Locations: Manhattan, SoHo, Bahamas, United States, Balthazar, England, Israel, Petra, Istanbul, Elle, Utah, COVID, Salt Lake City, Costa Rica, Atlanta, WestCap

☆ China-linked ETFs draw bullish options bets ahead of Biden-Xi meet
▼ + stars: | 2023-11-15 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. Other large China-focused ETFs, including the iShares MSCI China ETF (MCHI.O), KraneShares CSI China Internet ETF (KWEB.P), also showed upbeat options activity, according to Trade Alert data. "It certainly seems that there is generally bullish positioning ahead of the meeting," said Steve Sosnick, chief strategist at Interactive Brokers, noting that the positions had been built up over several days. Reuters GraphicsInvestors' nascent enthusiasm for Chinese stocks is at odds with how these ETF's have performed this year. Daniel Kirsch, head of options at Piper Sandler, said recent bullish options flows into KWEB may be to do with a combination of enthusiasm ahead of the Biden-Xi meeting as well as results from Chinese e-commerce companies JD.com and Alibaba .

Persons: Brendan McDermid, Joe Biden's, Xi Jinping, Steve Sosnick, Biden, Xi, Sosnick, Daniel Kirsch, Piper Sandler, JD.com, Kirsch, Saqib Iqbal Ahmed, Suzanne McGee, Ira Iosebashvili, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, U.S, iShares, KraneShares CSI China Internet, Interactive, Federal, Economic Cooperation, Reuters Graphics Investors, Research, Biden, Thomson Locations: New York City, U.S, China, KraneShares, San Francisco, Asia

[1/5] A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 14 (Reuters) - A benign U.S. inflation report is bolstering hopes that the Federal Reserve can bring down consumer prices without hurting the economy, a so-called Goldilocks environment that investors believe will benefit stocks and bonds. This does feel like a Goldilocks moment for the entire market.”The data fueled a powerful rally in stocks and bonds. The S&P 500 (.SPX) was up about 2% on the day, on track for its biggest one-day rise since January. Still, some investors believed it was too early to call a victory in the fight against inflation.

Persons: Brendan McDermid, Eric Kuby, bearish, “, Daniel Kirsch, Piper Sandler, Thomas Hayes, ”, Brian Rose, Jamie Cox, Lewis Krauskopf, Saqib Iqbal Ahmed, Davide Barbuscia, Ankika Biswas, Ira Iosebashvili, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, Federal Reserve, North Star Investment Management Corp, Thomson Reuters, BofA's Global, Fed, Fund, UBS Global Wealth Management, Harris Financial, Thomson Locations: New York City, U.S, Thomson Reuters United States, New York, Bengaluru

☆ Top Biden administration officials head to Asia to show China remains a top priority amid Israel-Hamas war
▼ + stars: | 2023-11-07 | by ( Haley Britzky | ) edition.cnn.com time to read: +5 min

Washington CNN —The Biden administration’s senior-most national security officials are traveling this week to the Indo-Pacific, signaling that the administration’s China strategy remains a priority as it grapples with an increasingly volatile Middle East. Blinken and Austin will both travel to India for a 2+2 Dialogue with their counterparts. Meanwhile, talks between US and Chinese officials stalled until this summer when Blinken met with senior Chinese officials in Beijing. Asked by CNN on Monday if Austin would be meeting with any PRC officials during his travel, Pentagon spokesman Brig. The senior officials’ travel also comes as the White House is preparing for a meeting between President Joe Biden and Chinese President Xi Jinping later this month in San Francisco.

Persons: Washington CNN —, Biden, Antony Blinken, Defense Lloyd Austin, CQ Brown, Brown, Austin, Blinken, —, Nancy Pelosi’s, Ely Ratner, John Aquilino, “, ”, Li Shangfu, Pat Ryder, Pacific Affairs Daniel Kritenbrink, ” Kritenbrink, Blinken —, Israel —, ’, Joe Biden, Xi Jinping, “ It’s, Karine Jean, Pierre said, Jennifer Hansler Organizations: Washington CNN, Biden administration’s, Defense, Joint Chiefs, Staff, West Bank, Security, Relations, US Air Force, US, East, Military, Pacific Command, ASEAN Defense, China’s, CNN, Pentagon, East Asian, Pacific Affairs, State Department, Hamas, Israel Locations: China, East, India, Indonesia, South Korea, Israel, Jordan, Turkey, Japan, Taiwan, Chinese, South China, Beijing, Pacific, Iranian, Iraq, Syria, Gaza, San Francisco

☆ Upstart steals march on Atos’s M&A battle
▼ + stars: | 2023-11-02 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Meyssonnier Acquire Licensing RightsLONDON, Nov 2 (Reuters Breakingviews) - Atos (ATOS.PA) may have found a helper, and potential acquirer. Smaller rival Onepoint said on Wednesday that it had bought a 9.9% stake in the ailing French IT company. Mustier is trying to implement a plan devised before he took over, which will see Atos split into two entities. Its 10% stake will have cost no more than 70 million euros. If a 900 million euro rights issue included in the split plan is confirmed, the total outlay for the stake will be about 160 million euros.

Persons: Atos, Sarah Meyssonnier, Onepoint, Jean, Pierre Mustier, Daniel Kretinsky, Mustier, Pierre Briançon, Aston Martin, Neil Unmack, Oliver Taslic Organizations: REUTERS, Reuters, French IT, Airbus, Pfizer, Thomson Locations: Paris, France, French, Czech, Orange, cybersecurity

☆ Debt-ridden retailer Casino Q3 sales down 5.3% as France weighs
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +1 min

[1/2] A logo of French retailer?Casino?is pictured on a shopping trolley outside a?Casino?supermarket in Nantes, France, May 10, 2023. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsPARIS, Oct 31 (Reuters) - Debt-burdened retailer Casino (CASP.PA) said on Tuesday group sales fell 5.3% in the third quarter, as weakness in its core French market outpaced robust growth in Brazil. Consolidated group net sales fell 5.3% on a same-store basis in the third quarter to 4.562 billion euros ($4.83 billion), the retailer said in a statement. Last week, Casino reported French retail sales fell 5.6% in the third quarter year on year on a same-store basis, reflecting an 18.6% fall in hypermarket sales and an 11.5% fall in supermarket sales. At September-end, Casino's group net debt stood at 6.2 billion euros, of which 5.6 billion euros was in France and 600 million euros in Brazil.

Persons: Stephane Mahe, Daniel Kretinsky, France's, Dominique Vidalon, Tassilo Hummel, Christopher Cushing Organizations: REUTERS, Rights, Consolidated, Casino, Thomson Locations: Nantes, France, Brazil, Czech

☆ France's Atos posts lower Q3 revenue dragged by Tech Foundations unit
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

The logo of Atos is seen on a company building in Nantes, France, March 11, 2022. REUTERS/Stephane Mahe/File Photo Acquire Licensing RightsOct 26 (Reuters) - French IT company Atos (ATOS.PA) on Thursday reported lower third-quarter revenue as good performance at its Eviden division was offset by the loss-making Tech Foundations unit. Atos is in talks to sell its legacy IT division, dubbed Tech Foundations, to Czech billionaire Daniel Kretinsky, which would end its initial turnaround plan to split the group into two listed entities. Atos posted quarterly revenue of 2.59 billion euros ($2.73 billion) for the whole group, down 3% organically and 5.3% on a constant currency basis from 2.82 billion euros last year. It still expects cash burn for the year to be about 1 billion euros.

Persons: Stephane Mahe, Daniel Kretinsky, Yves Bernaert, Atos, Michal Aleksandrowicz, Milla Nissi Organizations: REUTERS, IT, Tech, supercomputing, Thomson Locations: Nantes, France, French, Czech, Eviden, Gdansk

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