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☆ Burger King in India says tomatoes 'need a vacation' too — they have been removed from the menu due to inflation
▼ + stars: | 2023-08-17 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Burger King in India has taken tomatoes off the menu due to food inflation, per Reuters. Tomatoes prices have shot up drastically due to India's food inflation, which is at its highest since January 2020. "Even tomatoes need a vacation... we are unable to add tomatoes to our food," signs posted outside these two outlets said, per Reuters. Following McDonald's, Subway in India also dropped tomatoes from its menu that same month, the Times of India reported. Like McDonald's, notices outside a few Subway outlets in New Delhi attributed the unavailability of tomatoes due to quality issues.

Persons: Burger, Burger King Organizations: Service, Reuters, CNBC TV18, India's Department of Consumer Affairs, The, Cooperative Consumer's Federation of, India, New York Times Locations: India, Wall, Silicon, McDonald's, Subway, New Delhi, of India, Cooperative Consumer's Federation of India

☆ Here's a rapid-fire update on all 36 stocks in the Club's portfolio, including 2 recent buys
▼ + stars: | 2023-08-17 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 36 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Apple remains an "own it, don't trade it" stock, Jim said. Halliburton (HAL): Given we just added a new stock to the portfolio, Jim said Halliburton may be the stock we look to cut ties with. The lesson with P & G is that, sometimes, there's nothing to do but hold a stock, Jim said. Stanley Black & Decker (SWK): The maker of DeWalt and Craftsman tools is one of the best bargains in our portfolio, Jim said.

Persons: Jim Cramer's, Jim, it's, We're, —, he's, he'll, we're, Dupont, Walt Disney, Estee Lauder, Locker, Mary Dillon's, Halliburton, Humana, Humana's, Linde, Eli Lilly, there's, Mark Zuckerberg's, Jim said, Morgan Stanley, James Gorman, Nikesh Arora, Elliott Management's, Elliott, Stanley Black, Decker, It's, Wells Fargo, Wells, Charlie Scharf —, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon, Federal, Bausch Health, Caterpillar, Costco, Coterra Energy, DuPont de Nemours, Comcast, Emerson, Emerson Electric, Ford, United Auto Workers, GE HealthCare Technologies, Big Tech, NFL, Halliburton, HAL, Texas, Honeywell International, Honeywell, Linde, LIN, Facebook, Reality Labs, Microsoft, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, TJX, Goods, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: Bausch, China, Hulu, NBCUniversal, Palo, Macao

☆ Days on Mars Are Getting Shorter
▼ + stars: | 2023-08-17 | by ( Kenneth Chang | More About Kenneth Chang | ) www.nytimes.com time to read: +1 min

For reasons unknown, the spin of Mars is speeding up. But scientists continue to sift through the four years’ worth of data it gathered, learning more about what is deep inside the red planet. In a paper published in June in the journal Nature, scientists working on the mission reported additional findings gleaned from tiny shifts in the frequencies of radio transmissions between Earth and InSight on Mars. When InSight’s location on Mars was moving toward Earth, a phenomenon known as the Doppler effect compressed the radio waves slightly, shortening the wavelength and increasing the frequency. When InSight was in motion away from the receiving antenna on Earth, the wavelength lengthened and the frequency decreased.

Persons: Mars

☆ These are the five stocks Jim Cramer would buy today – and why
▼ + stars: | 2023-08-17 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

There are five stocks I would buy right now if I were just joining the Club, or had come into some new money. And Dupont has a ton of cash to buy back stock while it happens. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Jerome Powell, Powell, Ed Breen, Dupont, Danaher, Eli Lilly, Vimal Kapur, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Al Drago Organizations: Club, DuPont de Nemours, GE HealthCare, Honeywell, Boeing, General Electric, GE, Airbus, SWK, CNBC, US Federal Reserve, Market, Bloomberg, Getty Locations: GEHC, Washington , DC

☆ Stellantis invests more than $100 million in California lithium project
▼ + stars: | 2023-08-17 | by ( Ernest Scheyder | Thomson Reuters | Ernest Scheyder Is An Award-Winning Senior Correspondent Covering The Green Energy Transition | ) www.reuters.com time to read: +3 min

"This is a significant investment and goes a long way toward developing this key project," Controlled Thermal CEO Rod Colwell said in an interview. Colwell said a $65 million facility recently installed by Controlled Thermal can remove that silica and other unwanted metals. Controlled Thermal aims to obtain final permits by October and start construction of a commercial lithium plant soon thereafter, Colwell said. Controlled Thermal had separately agreed to supply lithium to General Motors (GM.N) by 2024, but that goal has been pushed to 2025, Colwell said. GM said it has a "close working relationship" with Controlled Thermal but deferred comment on technical questions to its junior partner.

Persons: Gonzalo Fuentes, Stellantis, Rod Colwell, Berkshire Hathaway, Colwell, There's, Carlos Tavares, Goldman Sachs, Ernest Scheyder, Jamie Freed Organizations: REUTERS, Resources, Chrysler, Berkshire, Koch Industries, General Motors, GM, Vulcan Energy Resources, Thomson Locations: Velizy, Villacoublay, Paris, France

☆ Tigers' Reese Olson aims to maintain mastery of Twins
▼ + stars: | 2023-08-16 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

August 16 - The American League Central-leading Minnesota Twins will try to complete a two-game series sweep of the Tigers on Wednesday afternoon in Minneapolis. Olson is just 2-5 with a 4.45 ERA in 13 career games (10 starts) but has handled the Twins easily. The homer to right-center off reliever Will Vest was Wallner's ninth of the season and his first major league grand slam. It was the longest grand slam hit by a Twin during the Statcast era (since 2015). Wallner's grand slam took some of the spotlight away from Detroit's Miguel Cabrera.

Persons: Reese Olson, Olson, Rocco Baldelli, Baldelli, Kenta Maeda, Maeda, Riley Greene, Matt Wallner, Will Vest, Wallner, Detroit's Miguel Cabrera, Cabrera, Gary Sheffield, Mel Ott Organizations: American League Central, Minnesota Twins, Tigers, Detroit, Minnesota, Twins, Thomson Locations: Minneapolis, Detroit, Minnesota, Wallner, Forest Lake, Minn

There are multiple international options for a free Women's World Cup live stream today, and if your country doesn't have free coverage, we can show you how to watch one of the free live streams via a VPN (virtual private network). For Australia vs. England today, you have various options for a free live stream with English, German, Spanish, or Italian commentary available. How to watch the Women's World Cup with a VPNSign up for a VPN if you don't have one. How to watch Australia vs. England in the USAFox and Fox Sports 1 have the rights to the Women's World Cup live streams in the US. More upcoming gamesKeep an eye on our regularly-updated free Women's World Cup live stream guide to stay updated on the latest details for every game.

Persons: we've, you'll, ExpressVPN, VPNs aren't, We'd, We've Organizations: Australia, BBC, USA Fox, Fox Sports, Fox, TBC Locations: Spain, Australia, England, Sweden

☆ Chick-fil-A launches first-ever twist on its classic chicken sandwich
▼ + stars: | 2023-08-16 | by ( Grace Mayer | ) www.businessinsider.com time to read: +2 min

The seasonal chicken sandwich is a twist on the chain's classic chicken sandwich. The Honey Pepper Pimento Chicken Sandwich will be available on August 28. The fast food chain is adding a seasonal chicken sandwich to its menu that blends sweet, savory, and spicy notes. The Honey Pepper Pimento Chicken Sandwich, available in restaurants August 28, takes a hand-breaded chicken filet and pairs it with a pimento cheese spread, pickled jalapeños, and a bun drizzled with honey. "We wanted to create a standout sandwich that would deliver a unique spin for our guests, without losing the classic taste of the Original Chick-fil-A Chicken Sandwich," Stuart Tracy, Chick-fil-A Chef and creator behind the Honey Pepper Pimento Chicken Sandwich, said in a statement.

Persons: Honey Pepper, Stuart Tracy, Chick, crumbles Organizations: Service, QSR Magazine Locations: Wall, Silicon

☆ Opinion | Leaving the Office at 5 Is Not a Moral Failing
▼ + stars: | 2023-08-16 | by ( Jessica Grose | ) www.nytimes.com time to read: +3 min

These concepts aren’t about goofing off all day or shirking responsibility; they’re about creating reasonable boundaries based on actual job descriptions. This shouldn’t be framed as a moral failing. Executives should take note: Laying down acceptable boundaries between the home and work lives of your employees doesn’t mean less profit. Not everyone should be a raging ambition monster — it is not sustainable for a varied and functional workplace. If, as a manager, you’re constantly requiring people to work overtime or out of the scope of their job description, it’s a sure sign that your company is not well structured.

Persons: ” Gabrielle Judge, ”, Williams, Lora Kelley, you’re Organizations: ” Harvard Locations: Britain

The first semi-final will kick off soon, and we have everything you need to watch a free Spain vs. Sweden live stream. Today, you have various options for a free live stream with English, German, French, Spanish, or Italian commentary. How to watch Spain vs. Sweden in the USAFox and Fox Sports 1 have the rights to the Women's World Cup live streams in the US. Deal Sling TV Subscription Sling is one of the most affordable live TV streaming services you can sign up for. More upcoming gamesKeep an eye on our regularly-updated free Women's World Cup live stream guide to stay updated on the latest details for every game.

Persons: you'll, ExpressVPN, VPNs aren't, We'd, We've Organizations: BBC, ITV, USA Fox, Fox Sports, Fox, TBC Locations: Spain, Sweden, Spanish, USA, Australia

☆ Keith Meister's Corvex Management places new giant bet on a drugmaker, adds to a utility stake
▼ + stars: | 2023-08-15 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Keith Meister's Corvex Management placed a big new bet on drugmaker Catalent , among other moves in an active quarter for the fund manager. The fund also has a new position in Knife River , a construction materials and contracting company, leading to a $110.3 million holding. It's the seventh largest position in the fund and likely the result of a spin-off. In June, Knife River spun off from MDU Resources , which is the third largest holding in Corvex. Knife River is up more than 17% this quarter.

Persons: Keith Meister's, drugmaker, Corvex, Meister, Carl Icahn Organizations: Management, Securities and Exchange Commission, MDU Resources, Adobe Systems, Wrestling Entertainment, Southwest Gas, Constellation Energy, Algonquin Power Locations: Catalent, Somerset , New Jersey, MDU, Arizona , California, Nevada

☆ Chick-fil-A to release new riff on its iconic chicken sandwich with pimento cheese, jalapenos
▼ + stars: | 2023-08-15 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Chick-fil-A is adding a new spin on its iconic chicken sandwich to menus for a limited time. Starting Aug. 28, customers can buy the Honey Pepper Pimento Chicken Sandwich at the chicken chain's restaurants nationwide, while supplies last. But the limited release of the Honey Pepper Pimento Chicken Sandwich shows how the chain is shifting its menu strategy as it expands nationwide. The Honey Pepper Pimento Chicken Sandwich was a project five years in the making, according to Stuart Tracy, Chick-fil-A's principal culinary lead. The chain tested the Honey Pepper Pimento Chicken Sandwich in 2020 in Asheville, North Carolina, and upstate South Carolina.

Persons: Pepper, Truett, Honey Pepper, Stuart Tracy, Chick, Tracy, Tracy didn't, crumbles Organizations: Atlanta - Locations: U.S, Atlanta, Asheville , North Carolina, South Carolina, Salt Lake City

☆ These are the 6 coolest electric cars still coming this year
▼ + stars: | 2023-08-15 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Polestar 3The Polestar 3 electric SUV. Chevrolet Silverado EVThe Chevrolet Silverado EV. The Chevrolet Silverado EV. Chevrolet Equinox EVThe Chevrolet Equinox EV. The 2023 Chevrolet Equinox EV.

Persons: we'll, Kia EV9, Tim Levin, there's, Tesla, Samantha Delouya Tesla, Elon Musk, BMW Tesla Organizations: BMW, Chevrolet, Kia, Tesla, Kia Buyers, Volvo, Petersen Automotive, Chevrolet Silverado EV, EV, Silverado, Ford, BMW i5, GM Locations: Texas

☆ ChatGPT isn't good enough to take jobs and is unlikely to cause mass layoffs: 'The hot takes have run into reality'
▼ + stars: | 2023-08-15 | by ( Alex Kantrowitz | Douglas Gorman | ) www.businessinsider.com time to read: +5 min

Kantrowitz writes that AI is still not good enough to handle most jobs. As soon as artificial intelligence began to read, write, and code, all manner of professions were supposed to automate — fast. AI technology, however impressive, is still not good enough to handle most jobs. Such complexity exists in every field, so anytime you see a company announce that it's replacing workers with AI, read that with some skepticism. To be sure, there will be jobs affected by this wave of AI, as when any new technology arrives.

Persons: Alex Kantrowitz, Kantrowitz, —, Sarah Guo, Harvey, hasn't, it's, Daren Orzechowski, Orzechowski, Aaron Levie, Bradley Erickson Organizations: Big Technology, Morning, Allen, Overy, Mayo Clinic, Mayo, IBM Locations: United States

☆ Disney's future, a hot topic among Hollywood elite
▼ + stars: | 2023-08-14 | by ( Dawn Chmielewski | ) www.reuters.com time to read: +5 min

[1/2] Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. REUTERS/Hannah McKay/File PhotoAug 14 (Reuters) - Hollywood's favorite parlor game of the week: What will Bob Iger do next? Another veteran media executive predicted Disney would spin off the television asset to its shareholders as a separate, publicly traded company by 2024, with private equity potentially playing a role. "You sell the parts, then sell what's left," said the veteran. Reporting by Dawn Chmielewski in Los Angeles; Editing by Kenneth Li and Richard ChangOur Standards: The Thomson Reuters Trust Principles.

Persons: Bob Iger, Hannah McKay, Walt Disney, Iger, Jeff Bewkes, what's, It's, Laura Martin, Dawn Chmielewski, Kenneth Li, Richard Chang Organizations: Walt Disney Company, Leicester Square, REUTERS, U.S ., Walt, CNBC, Reuters, ESPN, Disney, ABC, Disney Channel, NBA, Comcast, Hulu, Time Warner, Google, Facebook, Apple, Netflix, MGM, Needham, Thomson Locations: London, Britain, Culver City, New York City, U.S, Hulu, Hollywood, Los Angeles

☆ Mars is rotating more quickly, NASA mission finds
▼ + stars: | 2023-08-14 | by ( Ashley Strickland | ) edition.cnn.com time to read: +4 min

CNN —Mars is rotating more quickly than it used to, according to data that NASA’s InSight lander collected on the red planet. Initially, the InSight mission, the first to study the interior of Mars, was supposed to last about two years after it landed in November 2018. The InSight mission continued to collect data about Mars until the very end, falling silent in December 2022 after dust blocked its solar panels from receiving sunlight. Researchers then used RISE to measure the wobble of Mars as the core sloshes around inside it. This new figure was compared with previous estimates of the core’s radius that were collected by tracking seismic waves as they traveled through Mars’ interior.

Persons: CNN —, Viking landers, ”, Sebastien Le Maistre, Mars, “, Bruce Banerdt, “ I’ve Organizations: CNN, NASA, JPL, Caltech, Pathfinder, Space, Space Network, Royal Observatory of, Jet Propulsion Laboratory Locations: Royal Observatory of Belgium, Pasadena , California

☆ Media insiders say ESPN's new sports-betting push could help it court a younger crowd and set up a spinoff from Disney
▼ + stars: | 2023-08-14 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Industry insiders say ESPN's deal with Penn Entertainment could signal a potential ESPN spinoff from Disney. Disney announced a $2 billion deal with casino operator Penn Entertainment to create ESPN Bet. ESPN's $2 billion Penn Entertainment deal rocked the sports-betting world — and also renewed speculation among industry insiders that Disney could spin off its media crown jewel. For ESPN, it's not as material, but it's helpful — ESPN has locked in a 10-year partner with guaranteed pay so that improves the visibility of ESPN's revenue. To be sure, some industry watchers have questioned how the deal positions ESPN's ability to catch up in the sports-betting race.

Persons: Bob Iger, Jonathan Miller, Penn, Alex Iosilevich, it's, It's, Iger, — DraftKings, sportsbooks, LightShed, Peyton Manning's, Ashley Rodriguez Organizations: Industry, Penn Entertainment, ESPN, Disney, ESPN Bet, what's, Hearst, CNBC, NFL, NBA, MLB, Integrated Media Co, Caesars Entertainment, Penn, LightShed Partners, American Gaming Association, Amazon, Comcast, Peyton Manning's Omaha Productions, Front Office Sports Locations: Saudi

☆ Rock ’n’ Roll According to the Chinese Communist Party
▼ + stars: | 2023-08-13 | by ( Vivian Wang | Weiyi Cai | ) www.nytimes.com time to read: +7 min

Rock ’n’ Roll According to the Chinese Communist PartyA man spends decades working a monotonous factory job. Then a local Communist Party group decided to rewrite it. Changed lyrics ORIGINAL REWRITE TITLE VERSE 1 VERSE 2 VERSE 3 CHORUS ORIGINAL TITLE VERSE 1 Changed lyrics VERSE 2 VERSE 3 CHORUS REWRITE TITLE VERSE 1 VERSE 2 VERSE 3 CHORUSChina’s government has long used censorship to control expression. As the Communist Party embraced market reforms in the 1990s, workers at state-run companies in Shijiazhuang, in northern China, faced mass layoffs. 日新月异二十年初心指向航向 Original aspiration: A common phrase in Chinese Communist Party propaganda about the party sticking to its founding principlesIt’s little surprise, then, that the two versions end in completely different places.

Persons: Ji Geng, ”, 用, 锈, 河北, worldviews, 如此, 翻天覆地, 日新月异, It’s, 迎风 Organizations: Communist Party, Chinese Communist Party, Society, Communist Youth League, Pharmaceutical, Hebei Normal University Locations: Shijiazhuang, Beijing, Shijiazhuang 杀死, Shijiazhuang 杀, China, Hebei Province, Hebei

☆ Texas Revamps Houston Schools, Closing Libraries and Angering Parents
▼ + stars: | 2023-08-13 | by ( J. David Goodman | More About J. David Goodman | ) www.nytimes.com time to read: +2 min

“It doesn’t feel right,” said Jessica Campos, 41, a parent at Pugh Elementary, a Spanish dual-language school slated for immediate changes. Schools will also hire community members to teach elective courses like photography and spin classes. Miles has said that given limited space and resources, the decision was a trade-off and that students in schools where libraries have been converted into team rooms would still be able to borrow books before or after school. “He’s gone too far, and he’s dismantling the largest educational district in the state of Texas,” Mr. Turner said of Mr. “You cannot have a situation where you are closing libraries for some schools in certain neighborhoods, and there are other neighborhoods where there are libraries, fully equipped.

Persons: ”, Jessica Campos, we’re, Miles, Sylvester Turner, He’s, ” Mr, Turner Organizations: Pugh, Houston’s Locations: Spanish, Texas

There are a few international options for a free Women's World Cup live stream today, and if your country doesn't have free coverage, we can show you how to watch one of the free live streams via a VPN (virtual private network). How to watch the Women's World Cup with a VPNSign up for a VPN if you don't have one. How to watch Australia vs. France in the USAFox and Fox Sports 1 have the rights to the Women's World Cup live streams in the US. Deal Sling TV Subscription Sling is one of the most affordable live TV streaming services you can sign up for. More upcoming gamesKeep an eye on our regularly-updated free Women's World Cup live stream guide to stay updated on the latest details for every game.

Persons: Sam Kerr, you'll, ExpressVPN, VPNs aren't, We'd, We've Organizations: BBC, ITV, Australia, USA Fox, Fox Sports, FOX, ITV England, Columbia Locations: Australia, France

The last quarter-final will kick off soon, and we have everything you need to watch a free England vs. Colombia live stream. We can show you how to watch this Women's World Cup match for free online from anywhere, with multiple language options available. How to watch England vs. Colombia in the USAFox and Fox Sports 1 have the rights to the Women's World Cup live streams in the US. Deal Sling TV Subscription Sling is one of the most affordable live TV streaming services you can sign up for. More upcoming gamesKeep an eye on our regularly-updated free Women's World Cup live stream guide to stay updated on the latest details for every game.

Persons: you'll, ExpressVPN, VPNs aren't, We'd, We've Organizations: BBC, ITV, England, USA Fox, Fox Sports, FOX Locations: England, Colombia, Spain, Sweden

☆ Opinion | Should Trump’s Jan. 6 Trial Be Televised?
▼ + stars: | 2023-08-11 | by ( ) www.nytimes.com time to read: +1 min

To the Editor:Re “Let the World See the Jan. 6 Trial,” by Steven Brill (Opinion guest essay, Aug. 7):If you put a live camera in the courtroom with Donald Trump, you will give him exactly what he wants. The trial will very quickly spin out of control, and that is exactly what Mr. Trump wants. You will never convince Mr. Trump’s die-hards that he got a fair trial. Conduct a normal untelevised trial and prepare for violence if Mr. Trump is convicted. The pending trial of Donald Trump on charges related to the 2020 election will be, far and away, the most important court proceeding of our lifetimes.

Persons: Steven Brill, Donald Trump, Trump, Trump’s, Bruce Higgins Organizations: Bruce Higgins San Diego

☆ San Francisco's robotaxi dream has been realized, but some locals and campaigners think things are about to spin out of control
▼ + stars: | 2023-08-11 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

On Thursday, California regulators voted in favor of expanding robotaxi services across the city. On Thursday, regulators at the California Public Utilities Commission voted 3-to-1 in favor of greenlighting the expansion of robotaxi services across the entirety of San Francisco. This signaled their confidence in the safety of driverless vehicles for more than 800,000 citizens. It is this that will linger in the minds of San Francisco's residents as robotaxis go mainstream in the city. This does, of course, pale in comparison with the number of accidents that take place daily in regular vehicles, but it highlights challenges for driverless vehicles nonetheless.

Persons: Cruise, Prashanthi Raman, hasn't, robotaxis Organizations: Morning, Golden, Traffic Safety Administration, California Public Utilities Commission, General Motors, EV, Cruise, LinkedIn, Reuters Locations: Francisco's, California, San Francisco, Silicon Valley

We have everything you need to watch a free Japan vs. Sweden live stream from anywhere in the world. There are a few international options for a free Women's World Cup live stream today, and if your country doesn't have free coverage, we can show you how to watch one of the free live streams via a VPN (virtual private network). How to watch the Women's World Cup with a VPNSign up for a VPN if you don't have one. How to watch Japan vs. Sweden in the USAFox and Fox Sports 1 have the rights to the Women's World Cup live streams in the US. More upcoming gamesKeep an eye on our regularly-updated free Women's World Cup live stream guide to stay updated on the latest details for every game.

Persons: They've, you'll, ITVX, ExpressVPN, VPNs, We'd, We've Organizations: Sweden, BBC, ITV, ORF, League, USA Fox, Fox Sports, FOX, ITV England, Columbia Locations: Japan, Sweden, USA, Austria, Australia, France

A Midea company sign is seen at the Appliance and Electronics World Expo (AWE) in Shanghai, China March 23, 2021. REUTERS/Aly Song/File PhotoAug 9 (Reuters) - Chinese home appliance maker Midea Group (000333.SZ) said on Wednesday it is studying a potential listing in Hong Kong as part of its global strategy. The new shares to be issued would account for no more than 10% of enlarged capital, Midea, already listed in the Shenzhen stock exchange, said in a filing. Midea's market capitalisation was $56.47 billion before the listing plan was made public, meaning a deal of up to 10% would be one of the largest listings in Hong Kong since 2021. The initial filing to the Hong Kong Stock Exchange would be made this year, with a likely share sale sometime in 2024, one of the sources added.

Persons: Aly, Midea, Scott Murdoch, Roxanne Liu, Kane Wu, Jason Neely, Gerry Doyle Organizations: Appliance, Electronics, REUTERS, Midea, Bank of America, China International Capital Corp, HK, Hong Kong Stock Exchange, Thomson Locations: Shanghai, China, Hong Kong, Midea, Shenzhen, Sydney

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