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☆ Peru's Machu Picchu, Inca trail ordered closed as protests flair
▼ + stars: | 2023-01-21 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Alessandro Cinque/File PhotoJan 21 (Reuters) - Peruvian authorities ordered the closure of the Incan citadel of Machu Picchu and the Inca trail which leads to the world-renowned archeological site as of Saturday amid anti-government demonstrations that have spread nationwide and left a mounting death toll. Some 46 people have been killed in the weeks-long clashes and another nine in traffic accidents related to the barricades set up amid the protests. In the Cusco region, the gateway to Machu Picchu, Glencore's (GLEN.L) major Antapaccay copper mine suspended operations on Friday after protesters attacked the premises - one of the largest in the country - for the third time this month. Airports in Arequipa, Cusco and the southern city of Juliaca were also attacked by demonstrators, delivering a fresh blow to Peru's tourism industry. Reporting by Fabian Cambero; Writing by Anthony Esposito Editing by Alistair BellOur Standards: The Thomson Reuters Trust Principles.

Nudged by private equity funds, those supplying the booming luxury goods industry are now finding strength in unity. Largely family-owned and small in size, these businesses often struggle to meet the changing needs of the luxury brands they work for. "Luxury brands have been growing exponentially: our customers needed us to grow with them," said Nicola Giuntini, whose Tuscany-based company makes luxury coats and jackets for brands including Celine, Burberry (BRBY.L) and Stella McCartney. PRODUCTION NICHESItaly's manufacturing sector has also been a hunting ground for big luxury brands keen to secure their supply chain. Italian private equity firm XENON International, for example, has bet on producers of materials and finishes for luxury items which it has grouped together in MinervaHub.

☆ Week 18 N.F.L. Playoff Picture Preview: A Team-by-Team Guide
▼ + stars: | 2023-01-07 | by ( Josh Katz | Kevin Quealy | ) www.nytimes.com time to read: +1 min

On Thursday, the league announced that games would go on as scheduled and that the Bills-Bengals game would not be made up. noted in its announcement, any decision it could have made would have come with “competitive inequities.” But for most teams, the playoff picture is unchanged. In the N.F.C., three teams — the Lions, Packers and Seahawks — are vying for the last conference spot in the postseason. We’ll update them throughout the weekend, and they’ll all link back to our interactive playoff simulator, which lets you explore any scenario. But we have included a button with each tree if you’d like to explore how ties affect each team’s playoff path.

☆ Mountain lion P-22 was 'compassionately euthanized' after showing signs of physical trauma. Here's how he went from a trouble-making cat to a symbol of Los Angeles.
▼ + stars: | 2022-12-18 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

Mountain lion P-22 was euthanized on Saturday after suffering from injuries and illnesses. There was "no hope for a positive outcome" in letting P-22 live, wildlife officials announced. The tests also showed the mountain lion suffered from multiple ailments, including kidney disease, a significant loss of weight, arthritis, and a parasitic skin infection all over his body. P-22, who has been key to mountain lion research in the area, was likely born in the Santa Monica Mountains. A trail camera picture of mountain lion P-22, in Los Angeles, California, U.S., 2012.

Meeting Japan-Taiwan Exchange Association Chairman Mitsuo Ohashi in Taipei on Friday, Taiwan President Tsai Ing-wen said she expected greater defence cooperation with Japan. "Japan is making a late start, it is like we are 200 metres behind in a 400-metre sprint," he added. China defence spending overtook Japan's at the turn of the century, and now has a military budget more than four times larger. Japan says it wants ship-launched U.S. Tomahawk cruise missiles made by Raytheon Technologies (RTX.N) to be part of its new deterrent force. To pay for the military build-up, Kishida's ruling bloc earlier on Friday said it will raise tobacco, corporate and disaster-reconstruction income taxes.

TOKYO/LONDON, Dec 9 (Reuters) - Japan, Britain and Italy are merging their next-generation jet fighter projects in a bridge between Europe and Asia that marks Japan's first major industrial defence collaboration beyond the United States since World War Two. Britain also wants Japan to improve how it provides security clearances to contractors, sources with knowledge of the discussions told Reuters. The two new platforms would compete head-on with each other and the United States in the global fighter market. "There is going to be a Battle Royal in the next 10-15 years in positioning the various players," said UK defence analyst Francis Tusa. The United States, which has pledged to defend all three countries through NATO and a separate security pact with Japan, welcomed the new Europe-Japan agreement.

TOKYO/LONDON, Dec 9 (Reuters) - Japan, Britain and Italy are merging their next-generation jet fighter projects in a ground-breaking partnership spanning Europe and Asia that is Japan's first major industrial defence collaboration beyond the United States since World War Two. Amid what it sees as deteriorating regional security, Japan this month will announce a military build up plan that is expected to double defence spending to about 2% of gross domestic product over five years. Britain also want Japan to improve how it provides security clearances to contractors who will work on the aircraft, sources with knowledge of the discussion told Reuters. The United States, which has pledged to defend all three countries through its membership of NATO and a separate security pact with Japan, also welcomed the joint Europe-Japan agreement. "The United States supports Japan's security and defence cooperation with likeminded allies and partners, including with the United Kingdom and Italy," the U.S. Department of Defense said in a joint statement with Japan's Ministry of Defense.

☆ The holiday shopping season is critical for many small businesses. Here's how entrepreneurs can prepare.
▼ + stars: | 2022-11-25 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +7 min

Early data indicated that Americans will be holding onto their wallets tighter this holiday season. Meanwhile, 24% of small businesses surveyed by Kabbage reported that holiday sales will determine their survival. Saturday is Small Business Saturday, an event created by American Express aimed at supporting small-business owners during the holiday shopping season. "The savviest of small businesses prepared in advance for supply challenges this holiday season," Nicole Leinbach Reyhle, the CEO and founder of the retail publication Retail Minded, said. Inventory levels are a top concern for small businesses this holiday season.

☆ Primark’s price freeze is risky inflation gambit
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 8 (Reuters Breakingviews) - Primark is breaking with the pack to navigate soaring inflation. Its largest rival Inditex (ITX.MC), owner of Zara, is taking a different approach by hiking prices over the next year. AB Foods Chief Executive George Weston appears to be willing to sacrifice Primark’s near 10% operating margin to keep price-sensitive customers happy. Assume inflation shaves almost 3 percentage points off the retail unit’s operating margin next year, taking it down to 7%. The 4% bump in AB Foods’ share price on Tuesday suggests investors reckon the plan may work.

With Jeremy Hunt taking up the role on Friday, Britain has had four finance ministers in just four months. Prior to the 2016 Brexit vote, Britain had four finance ministers in 23 years, underlining a sense of stability that is now gone. The response was brutal: the pound slumped, government borrowing costs surged, lenders pulled mortgage deals and the Bank of England had to intervene to stop some pension funds from going under. While Truss had touted low corporation tax as a way to attract business investment, the executives said they wanted stability. British business investment, which flatlined after the 2016 Brexit vote and then fell sharply during the pandemic, was 6% lower in the second quarter of this year than its level of six years ago, in stark contrast to international peers.

☆ Americans are spending less this holiday season. Here's how businesses can prepare for budget-conscious shoppers.
▼ + stars: | 2022-09-22 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +6 min

Those holding a glut of inventory will likely offer heavy discounts this holiday season. Early data indicates that Americans will be holding onto their wallets a little tighter this holiday season. "The savviest of small businesses prepared in advance for supply challenges this holiday season," Nicole Leinbach Reyhle, the CEO and founder of the retail publication Retail Minded, said. Inventory levels are a top concern for small businesses this holiday season. Yvonne doubles down on Nkeoma's top-selling robes and pajamas during the holiday season to ensure they don't sell out, but she doesn't stock as many new styles.

☆ Netflix has an elite 'Lstaff' team of 25 execs who help make the company's biggest decisions. Here are its members, from the streamer's content chief to partnership leads.
▼ + stars: | 2021-09-09 | by ( Ashley Rodriguez | Lucia Moses | ) www.businessinsider.com time to read: +2 min

Netflix has a special team of business leaders who debate and drive the company's biggest decisions. This "Lstaff" helped shape moves like the decisions to open a Canada office and invest capital in Black-led banks. Meet the 25 Netflix execs who make up the Lstaff below. When Netflix is faced with a big, agenda-setting decision, it convenes a special team of business heads to debate the issue at hand. Scroll down to read about the people on Netflix's Lstaff, listed in alphabetical order, and the perspective each brings.

Persons: Netflix execs, —, Ted Sarandos, Greg Peters, Reed Hastings, Bela Bajaria, Scott Stuber, Kim —, Vernā Myers, Jeremi Gorman, Mike Verdu, Spencer Wang Organizations: Netflix, New Zealand Locations: Canada, Black, Korea, Japan, Southeast Asia, Australia, New

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