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President of China Xi Jinping attends the plenary session during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS Acquire Licensing RightsBEIJING/JOHANNESBURG, Aug 24 (Reuters) - China's leader Xi Jinping told African leaders at a meeting on the sidelines of the BRICS summit on Thursday that China would launch initiatives to support Africa's industrialisation and agricultural modernisation. "China will better harness its resources for cooperation with Africa and initiatives of businesses to support Africa in growing its manufacturing sector and realizing industrialisation and economic diversification," Xi said without providing details. Xi's pledge was made as the BRICS Summit wrapped up, during a meeting with leaders and ministers from the African Union and 11 African countries including Libya, Nigeria, Senegal and Zambia. "In 2009, it issued grants and loans worth $88 billion to support infrastructure projects in Africa.
Persons: China Xi Jinping, GIANLUIGI, Xi Jinping, Xi, Xi's, Wu Peng, Brad Parks, William, William & Mary, Parks, David Monyae, Michael Martina, Carien du Plessis, Rachel Savage, Jonathan Oatis Organizations: REUTERS Acquire, Rights, African Union, U.S, William &, University of Johannesburg's Centre, Thomson Locations: China, Sandton, Johannesburg, South Africa, Rights BEIJING, JOHANNESBURG, Africa, Libya, Nigeria, Senegal, Zambia, Brazil, Russia, India, Egypt, Ethiopia, China Africa, Kenya
A Home Depot store is shown in the Little Havana neighborhood in Miami, Florida, September 18, 2015. "Mega-retailers are returning to 'just-in-time' inventory strategies, killing the 'just in case' promise of the pandemic's supply chain snarl," said Susquehanna analyst Bascome Majors. During the second quarter, the Big 4 retailers combined reduced inventories by 4%, the largest quarter-over-quarter drawdown since 2015, Majors said in a client note. No longer swimming in unsold merchandise puts them in a better position to bring in new seasonal goods for the all-important peak holiday season. Despite enthusiasm for new seasonal products, retailers remain cautious.
Persons: Joe Skipper, Bascome Majors, Majors, Susquehanna's Majors, Lisa Baertlein, Bill Berkrot Organizations: REUTERS, Susquehanna, Walmart, Big, Thomson Locations: Little Havana, Miami , Florida, U.S, United States, splurging, Los Angeles
“Let’s go Mets,” Mr. Thompson, a resident of Manhattan, told the guard. The couple walked into the Cadillac Club to catch a game between the Mets and their crosstown rival Yankees. feel, but you are a little isolated from the normal ballpark,” said Mr. Thompson, who was given the tickets (membership cost: up to $25,000 each per season) through a friend. Hip lounges, inventive culinary offerings and original in-game vantage points are some of the ways M.L.B. teams are elevating the ballpark experience this summer.
Persons: Chad Thompson, Kitty, “ Let’s, ” Mr, Thompson, Starling Marte, , , you’ve Organizations: Citi Field, New York Mets, League Baseball’s, Mets, Cadillac, Yankees Locations: Manhattan
CNN —Taliban fighters have committed hundreds of extrajudicial killings since taking power in Afghanistan in 2021, despite a “general amnesty” meant to protect the previous government, according to the United Nations. International rights groups and bodies like the UN have accused the Taliban of unwinding progress in protecting human rights since seizing power. In interviews conducted with UN officials, individuals recounted beatings with pipes, cables, verbal threats and abuse at the hands of Taliban security force members. “Former government and security officials are entitled to the same human rights protections as all Afghans.”Turk, UN High Commissioner for Human Rights, called on the Taliban to punish offenders. “Afghans were able to regain their country, freedom, government and will,” Taliban deputy spokesperson Bilal Karimi previously told CNN.
Persons: , , Volker Turk, Abdul Khaliq, , Alia Azizi, hasn’t, UNAMA, ” Turk, Amir al, Hibatullah Akhundzada, Bilal Karimi, Roza Otunbayeva, ” Otunbayeva Organizations: CNN, Taliban, United Nations, United Nations Assistance, Afghan National Army, police, National Directorate of Security, UN, Human Rights, NATO, Taliban’s Locations: Afghanistan, Kabul, Herat, Emirate
Pengyu Cheng and his wife moved from San Francisco to Austin, Texas, in 2021. I first settled in San Jose and then moved to San Francisco in 2019. AdvertisementAdvertisementThe state's homelessness crisis — especially in San Francisco and Los Angeles — have also made living there unbearable. In 2021, my wife and I left San Francisco for Austin. We had enough of San FranciscoOur desire to leave San Francisco accelerated in 2020.
Persons: Pengyu Cheng, Cheng, Heidi Yu Organizations: Service, Austin, Apple Locations: San Francisco, Austin , Texas, Bay, Texas, Wall, Silicon, California, San Jose, Los Angeles, Pengyu, Austin, Francisco
REUTERS/Chris Helgren/File Photo Acquire Licensing RightsSINGAPORE, Aug 23 (Reuters) - Shell is considering a sale of its Singapore refining and petrochemical plants as part of a broader strategic review and has hired investment bank Goldman Sachs to explore a potential deal, said several sources close to the matter. "Our strategic review is ongoing and we are exploring several options including divestment," a Shell spokesperson told Reuters on Wednesday. Companies that are reviewing Shell's Singapore assets include Asia's largest refiner, China's Sinopec (600028.SS), as well as global trading companies Vitol and Trafigura, the sources said. For trading companies, the site is seen as a potential oil storage and distribution hub, some of the sources said. In March, Shell decided not to proceed with two projects it was studying to produce biofuels and base oils in Singapore.
Persons: Chris Helgren, Goldman Sachs, Wael Sawan, China's Sinopec, Shell, Trixie Yap, Chen Aizhu, Florence Tan, Tony Munroe, David Goodman Organizations: Shell, REUTERS, Rights, Reuters, Thomson Locations: Vancouver , British Columbia, Canada, Singapore, Jurong, Asia
Property tax is "really instrumental" as a local revenue source, but stressed that every community has different priorities and budgeting goals. Property taxes have 'so many variables'"With property taxes, it's pretty simple stuff," said Richard Auxier, senior policy associate at the Urban-Brookings Tax Policy Center. watch nowThis is why your next-door neighbor's property tax bill can be so different from yours, Auxier explained. Generally, cities tend to have more expensive property tax rates if there's high property tax reliance, low property values, or more robust local government spending, the report concludes. 5 highest effective property tax rates in 2022Detroit skyline Reese Lassman | EyeEm | Getty Images
Persons: Katherine Loughead, Loughead, Richard Auxier, Auxier, Reese Lassman Organizations: Istock, Getty, Lincoln Institute of Land Policy, Minnesota Center, Fiscal, Center for State Tax, Tax, Urban, Brookings Tax, Reese, EyeEm Locations: Detroit
It also could throw a wrench into the upcoming holiday shopping season that is a make-or-break period for retailers, including Amazon.com (AMZN.O), the largest UPS customer. If approved, the deal would raise pay for 340,000 UPS workers and eliminate a two-tier wage system for drivers. UPS cut its full-year revenue and profitability targets earlier this month, citing higher-than-expected labor costs and business lost during the tumultuous contract talks with the Teamsters. Under the contract deal, current full- and part-time workers will get $2.75 more per hour in 2023, and $7.50 more per hour over the length of the contract, according to the Teamsters. General wage increases for part-time workers will be double the amount obtained in the previous UPS Teamsters contract - and existing part-time workers will receive a 48% average total wage bump, addressing a key sticking point in talks, the union said.
Persons: Sergio Martinez, Mike Blake, Lisa Baertlein, Paul Simao Organizations: REUTERS, Teamsters, United Parcel Service, International Brotherhood of Teamsters, UPS, UAW, Detroit, Unions, Pilots, FedEx, UPS Teamsters, Thomson Locations: Los Angeles , California, U.S, Atlanta, Los Angeles, Bengaluru
Philadelphia recently announced it would buy 91 properties containing green spaces and gardens. Studies show urban gardens can help keep neighborhoods cooler and perhaps reduce gun violence and depression. The urban garden he helped start nearly a decade ago on abandoned lots in West Philadelphia was finally protected. Thousands of properties tied up in the deal sat neglected for decades, and locals transformed some into urban gardens. Many Black and brown neighborhoods don't have enough green spaces, which makes residents more susceptible to extreme heat.
Persons: Victor Young, We'd, Young, Ash Richards, Richards, Jenny Greenberg, Greenberg, Beverly Giles Carter, it's Organizations: Service, Young, Neighborhood Gardens Trust, US Bank, Neighborhood Gardens, Philadelphia Parks & Recreation, City Council, Philadelphia's Land Bank Locations: Philadelphia, West Philadelphia, aren't, Philadelphia's
After a run of acquisitions during his first tour as Disney CEO, Bob Iger is looking to shrink the company. "They are our film studios, our parks business, and streaming, all of which are inextricably linked to our brands and franchises." Verizon has reached out to Disney about partnering on a new ESPN streaming service, The Information reported. 2024 will bring some clarity to Disney's streaming business. "The streaming business with ESPN going direct to consumer can generate a lot of subscriptions and hopefully be a positive earnings contributor.
Persons: Bob Iger, He's, Iger, Wells, Steven Cahall, MoffettNathanson's Michael Nathanson, Iger's, hasn't, Macquarie, Tim Nollen, Doug Shapiro, Shapiro, Disney, It'll, there's, Tim Cook, Eddy, Drew Angerer, Disney's, Penn, Joel Simkins, Stratechery's Ben Thompson, Thompson, — Iger, mused, signups, he's, Kevin Lansberry, I'm, Nollen Organizations: Disney, ABC, FX, Geographic, ESPN, Google, Netflix, Warner Bros, Discovery, Warner Bros . Discovery, Comcast, Marvel, Pixar, Apple, Walt Disney, Turner Broadcasting System, Apple's, Hulu, ESPN Iger, Penn Entertainment, Houlihan, Global Technology Group, LightShed Partners, Verizon, Flagship Locations: Orlando , Florida, Sun
CNN —Allies of Ron DeSantis have fired another shot at the Walt Disney Company as the Florida governor’s long-standing rivalry with the media company heats up again. As part of DeSantis’ bill, RCID was renamed the Central Florida Tourism Oversight District, and the district’s pre-existing oversight board was replaced by five people hand-picked by DeSantis. Earlier this year, Disney sued DeSantis and the district oversight board in federal court, accusing DeSantis of weaponizing his political power to punish the company for exercising its right to free speech. In May, the oversight board voted to sue Disney in order to maintain its oversight of the district. Earlier this month, DeSantis urged Disney to drop its lawsuit in an interview with CNBC, saying “we’ve basically moved on.”
Persons: Ron DeSantis, DeSantis ’, DeSantis, RCID, Jeremy Redfern, ” Disney, Aubrey Jewett, It’s, ” Jewett, Jewett, , , Disney, Disney’s, Bob Chapek, “ we’ve Organizations: CNN —, Walt Disney Company, Central, Walt Disney World, Disney, DeSantis, Twitter, University of Central, CNBC Locations: Florida, Central Florida, DeSantis, RCID, University of Central Florida, Reedy Creek
[1/2] Monrovia NSU CHALLENGER bulk carrier transits the expanded canal through Cocoli Locks at the Panama Canal, on the outskirts of Panama City, Panama April 19, 2023. The Panama Canal Authority has reduced maximum ship weights and daily ship crossings in a bid to conserve water. Container ships are the most common users of the Panama Canal and transport more than 40% of consumer goods traded between Northeast Asia and the U.S. East Coast. Some shipping executives are bracing for more reductions later this year, noting that in 2020 a less severe drought prompted canal operators to reduce crossings to 27 per day. "The Panama Canal is just the latest example."
Persons: Aris Martinez, Max, Drew Lerner, Peter Sand, Steve Ferreira, STRI's Steven Paton, Paton, Brian Bourke, Lisa Baertlein, Marianna Parraga, Elida Moreno, Louise Breusch Rasmussen, Deepa Babington Organizations: Monrovia NSU CHALLENGER, REUTERS, ANGELES, Evergreen Marine, Pacific, Panama Canal Authority, Northeast, U.S ., Smithsonian Tropical Research, El Nino, Central American, Canal Authority, SEKO Logistics, Thomson Locations: Cocoli, Panama, Panama City, HOUSTON, China, U.S, Northeast Asia, U.S . East Coast . U.S, United States, Chile, Brazil, Suez, Gatun Lake, El, U.S . East Coast, Los Angeles, Houston, Copenhagen
CNN —Hilary has weakened to a post-tropical cyclone that’s still bringing life-threatening flooding and gusty winds to much of the Southwest US, leaving streets like raging rivers and residents ordered to leave their homes. “Areas that normally do not experience flash flooding will flood,” the National Weather Service said. Strong and gusty winds are expected to persist across portions of the western US Monday, particularly in and near areas of higher terrain. Cars were stuck in floodwaters in the Spanish Hills area, the National Weather Service reported. The Los Angeles Unified School District – the nation’s second largest school district – will be closed Monday because of the storm.
Persons: Hilary, Monday, ” Flood, Todd Gloria, , , San Bernardino County’s Yucaipa, “ Crews, Gustavo Araiza, David Swanson, Mike McClintock, ” McClintock, “ We’re Organizations: CNN, Southwest, Southern California, National Hurricane Center, Intermountain, National Weather Service, ” San Diego, United States Geological Survey, Golden State, Residents, Sunday, San Diego Fire, Los Angeles Unified School District, Pasadena Unified School District, San Diego Unified School District, Palm Springs, Palm, Getty, Caltrans, San Bernardino Fire Battalion Locations: Nevada, San Diego, California, arroyo, Southern California, Idaho, , Palm Springs, Los Angeles, Ventura, Spanish, Mexico –, Imperial County, San Bernardino County, Barstow, Serrano, San Bernardino, Forest Falls, Oak Glen, Santa Clara, Pasadena, Long Beach, Palmdale, Death, AFP, Santa Clarita, Sand, Baker, Inyo County
Pet wellness brand Honest Paws is recruiting ambassadors for its peanut butter product. Americans spent $58.1 billion on pet food and treats in 2022, according to the American Pet Products Association. Pet wellness company Honest Paws is offering $100 an hour to dogs that can be ambassadors for its peanut butter, according to an August 1 announcement. Honest Paw's investment could go a long way to sell its peanut butter which comes with a nearly $30 price tag for each jar. Honest Paws did not immediately respond to a request from Insider for comment sent outside regular business hours.
Organizations: American Pet Products, Service, American Pet Products Association Locations: Wall, Silicon
That professionalisation has underpinned the success of the ninth Women's World Cup, which ended on Sunday with Spain beating England by a single goal in a final that pitted the two European countries with the strongest domestic leagues against each other. Attracting record crowds and television audiences, the tournament buoyed hopes that the women's game can start to bridge the yawning financial gap that exists with the men. TV BLACKOUTIn broadcast rights, the women's game has struggled to compete. The FIFA president, Gianni Infantino, threatened Europe's "Big 5" nations with a TV World Cup blackout unless their broadcasters upped their offers. But both Chadwick and Carlota Planas, a Spain-based women's' football agent representing several World Cup players, argued that the women's game now offers the values of tenacity, resilience and togetherness, which can appeal to advertisers.
Persons: Stoke City's, Molly Holder, Spain's, Olga Carmona, Sunday's, Gianni Infantino, Jill Ellis, Lisa Parfitt, Jill Scott, Chloe Kelly, Ella Toone, Kieran Maguire, Simon Chadwick, Chadwick, Carlota Planas, Planas, let's, Holder, Kate Holton, Nick Mulveney, Helen Reid, Suban Abdulla, Matt Scuffham Organizations: Stoke City women's, Reuters, Stoke City FC, REUTERS Acquire, Stoke, Spain, England, Deloitte, Real Madrid, Real Madrid men's, FIFA, Women, Football, Germany, University of Liverpool, Wembley, Super League, men's Premier League, Manchester City, Arsenal, School, Thomson Locations: Stoke, Trent, Britain, Handout, STOKE, England, MADRID, Spain, France, Germany, Italy, United States, Manchester, Chelsea, Liverpool, Sydney, London
I ignored my Dad's advice about saving money and investing until I saw him retire a decade before his peers. Then I watched my Dad retire at least a decade before many of his peers, and my entire perspective changed. My stepmom, on the other hand, never had plans to retire early until she started dating my Dad. Invest aggressively ... and diversifyLike most people, a 401(k) was central to my parents' retirement plan. Because they wanted to retire early, my parents had to have other investments they could rely on for retirement income.
Persons: Lizzie, stepmom, Dad, there's, they've, doesn't, Get, shouldn't, you've, you'll, Thomas, They've, I've Organizations: Service, Acura Integra —, Invest Locations: Wall, Silicon, South Africa, Germany, St, Caribbean, Europe, Panama
CNN —Hurricane Hilary is expected to slam into Southern California on Sunday as a rare tropical storm, unleashing floods, fierce winds and heavy downpours as residents evacuate, parks and beaches close and first responders brace for water rescues. Although Hilary is forecast to move north from Baja California into Southern California Sunday afternoon, its impacts will be felt earlier. First responders have also pre-positioned to respond quickly and perform water rescues from flooded areas, state officials said. There are “more than 7,500 boots on the ground” already deployed to help protect from the impact of Hurricane Hilary, according to the release from Newsom’s office. “There will be power outages across Southern California,” Ward said.
Persons: Hilary, it’ll, Gavin Newsom, , ” Newsom, Cabo San Quintin –, Hilary “, we’ve, , Nancy Ward, Angelus Oaks, Brian Ferguson, Hurricane, ” Ward, Organizations: CNN, National Hurricane Center, . California Gov, Cabo San Quintin, Southern California Sunday, California Governor’s, Emergency Services, National Oceanic, Atmospheric Administration, Residents, Home, Saturday, Visitors, Los, Los Angeles County Sheriff’s, National Weather Service, Silverado, Electricity, Southern California Edison, US Navy, Major League Baseball, Foxes, Hollywood Locations: Southern California, San Diego, California, Mexico, Punta Abreojos, Cabo, Baja California, California , Nevada, Arizona, Los Angeles, San Bernardino County, Oak Glen, Forest Falls, Northeast, Catalina, California’s, City of Avalon, Los Angeles County, Colorado, , California, Orange County, Orange, Angeles County
CNN —Does your pup love peanut butter? Natural pet wellness company Honest Paws is seeking canine ambassadors to represent its own peanut butter product, according to a news release. Dogs can enjoy peanut butter regularly, but experts advise avoiding peanut butter that contains xylitol, a sugar-free substitute that is highly toxic for pets, according to the National Peanut Board. Honest Paws says its peanut butter pouches do not contain the ingredient, according to its website. Applications for the canine ambassador role are open until September 1, according to Honest Paws.
Persons: Organizations: CNN, National Peanut Board, American Kennel
Eduardo Munoz/ReutersTreks at the airport have been getting worse ever since security changes were implemented after the September 11, 2001, attacks. In Newark, Chicago and other cities’ airport terminals, moving walkways have been removed to make room for more shops and restaurants. Some new airport terminals have recently opened without moving walkways. The airport is now building a tunnel to shorten the walk from security to the concourse. So, are people missing flights now because they have to walk so far?
Persons: Chanel, Estée Lauder, Auntie Anne’s, Larry Summers, Eduardo Munoz, , Henry Harteveldt, Alexander Thome, Stefani Reynolds, ” Harteveldt, Wilson Rayfield, Gresham Smith, Patrick T, Fallon Organizations: New, New York CNN, Hudson News, Starbucks, Reuters, Atmosphere Research, Airports, Getty, Gresham, Dallas, Los Angeles International Airport, Harbor, Orlando International, International Airport Locations: New York, LaGuardia, Newark , Chicago, AFP, monorails, United States, Dallas Fort Worth, Salt Lake
The firm named a list of buy-rated stocks that it says are well positioned to withstand choppy markets. The firm said it sees "upside in [the] face of improving industry trends" after AppLovin's strong second-quarter earnings report earlier this month. Both continue to enjoy double-digit subscription revenue growth year over year, he said. Gartner "2Q beat, as healthy Research CV growth and margin upside should offset muted tech vendor trends to drive valuation upside. … We continue to see attractive valuation upside at Gartner following 2Q results, which outperformed our estimates and consensus on revenue, EBITDA margins & EPS."
Persons: Goldman Sachs, Eric Sheridan, he's, Sheridan, Lizzie Dove, Cedar's, George Tong, Tong, Archer, Gartner, … Gartner, , Phillips Organizations: CNBC, Cedar Fair, Investments, Gartner, adv, The League, 2Q, Consulting, Refining, Chemicals, & & Locations: Gartner, Sheridan, Ohio
And you might even find that the best credit card for you isn’t even branded as a Disney credit card. The best credit cards for Disney World and Disneyland ticketsWhile there’s no one-size-fits-all credit card for Disney trips, there are a handful of good options. Ink Business Cash® Credit Card : Best for purchasing Disney gift cards. Fortunately, the 5% discount can be used for third-party gift cards sold at Target (not including Target gift cards). Disney Premier Card: Best for Disney park savingsThe Disney Premier card offers special discounts on merchandise for its card members.
Persons: you’re, Hopper, you’ll, Chase, that’s, we’ve, Mickey, Minnie, You’ll Organizations: CNN, American Express, Disney, Disney World, Mastercard, Capital, Target, American Airlines AAdvantage, United Airlines MileagePlus, Air Canada, Hyatt, Hyatt . Capital, Venture, Staples, BJ’s Wholesale, Sam’s, Ink, Wholesale, Citi, Disney Premier Locations: California, Paris, Tokyo, Shanghai, Hyatt ., DisneyPlus.com
8 of the world’s best new theme parks
  + stars: | 2023-08-18 | by ( Kate Springer | ) edition.cnn.com   time to read: +13 min
Peppa Pig Theme Park, FloridaFlorida's Peppa Pig Theme Park opened in 2022. Peppa Pig Theme ParkThe world’s first Peppa Pig Theme Park opened last year in Winter Haven, Florida, and has been delighting children with wholesome fun ever since. Look out for another Peppa Pig Theme Park, opening in Dallas, Texas, next year. Peppa Pig Theme Park. Genting SkyWorlds Theme Park, MalaysiaMalaysia's Genting SkyWorlds Theme Park offers 26 attractions across nine themed areas.
Persons: we’re, Katmandu, Kilgore Goode, Kyle Grillot, Peach’s, Mount Beanpole, Mario, Bowser, Bowser Jr, Tomohiro Ohsumi, Miyazaki’s, There’s, LEGOLAND, gil, Aquaverse, there’s, Chang, Potato’s, Grandad, Wynter, Organizations: CNN, Northern, Columbia Pictures, Super Nintendo, California Mario Kart, Universal Studios Hollywood, Bloomberg, Universal Studios Japan, Mushroom Kingdom, Toadstool, Nintendo, Universal City Plaza, Universal, Ghibli, Ghibli Park, South Korea LEGOLAND, LEGOLAND, Thailand Columbia Pictures, Columbia, Lotte, Adventure, South Korea Lotte, Adventure Busan Lotte, Tinker, Potato’s Showtime, Genting, Andromeda Base, Plaza, Genting SkyWorlds Locations: Japan, Thailand, Punta Cana, Dominican Republic, Caribbean, Nepal, Av, Alemania, California, Bowser’s, Mount, Universal City , CA, Nagoya, Nagakute, Aichi, Korea, South Korea, York, Legoland, LEGOLAND Korea, Chuncheon, Seoul, Gangwon, Asia, Pattaya, Bangkok, Transylvania, Chon, Adventure Busan, Tinker Falls, “ Queen, , Busan, Florida, Winter Haven , Florida, Dallas , Texas, Wynter Haven , Florida, Malaysia, Resorts, Kuala Lumpur, Rio, Liberty Lane, Central Park, Genting, Genting Highlands, Pahang
REUTERS/Stephanie Lecocq Acquire Licensing RightsPARIS, Aug 18 (Reuters) - Paris will ban pony rides for children in its public parks from 2025 following a campaign by animal rights activists who argue that the ponies are not well treated. Pony rides have been a popular feature in Paris parks like Champ de Mars, Parc Monceau and Parc du Luxembourg for decades, mostly on the weekends and during school holidays. It just turns ponies into entertainment objects," Paris Animaux Zoopolis (PAZ) activist Amandine Sansivens said. Stephane Michaud, director of AnimaPoney - which operated pony rides in several Paris parks but has now closed half of these - said his ponies work only about 150 days per year. They love the contact with the ponies," said Celine Papouin, whose daughter confidently sat astride a pony in Parc Monceau.
Persons: Paris Animaux Zoopolis, Stephanie Lecocq, Champ de, Zoopolis, PAZ, Amandine Sansivens, Stephane Michaud, Celine Papouin, Geert De Clercq, Jan Harvey Organizations: Paris, REUTERS, Rights, Parc du, Thomson Locations: Paris, France, Monceau, Parc, Parc du Luxembourg, Rambouillet, Parc Monceau
What China's big earnings say about the consumer
  + stars: | 2023-08-18 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
But general merchandise revenue fell by 8.6% from a year ago to 81.72 billion yuan. Marketing revenue rose by 8.5% to 22.51 billion yuan. TencentLivestreaming e-commerce saw 150% year-on-year growth in gross merchandise value in the second quarter to an unspecified number. Overall, Tencent reported earnings for the quarter that missed expectations, but showed a third-straight quarter of revenue growth. The overall Taobao and Tmall Group saw revenue grow by 12% to 114.95 billion yuan.
Persons: Aly Song, Tencent, ByteDance, Tim Cook, Li Ning Organizations: Artificial Intelligence, Reuters, Electronics, Tmall, Shanghai Disney, Universal Studios Beijing, Comcast, Baidu, Adidas, Fila, Apple Apple Locations: Shanghai, China, Reuters BEIJING, Douyin, Greater China
After a run of acquisitions during his first tour as Disney CEO, Bob Iger is looking to shrink the company. He's looking to Disney's IP-driven parks, streaming, and film studios to drive growth. "They are our film studios, our parks business, and streaming, all of which are inextricably linked to our brands and franchises." 2024 will bring some clarity to Disney's streaming business. "The streaming business with ESPN going direct to consumer can generate a lot of subscriptions and hopefully be a positive earnings contributor.
Persons: Bob Iger, He's, Iger, Wells, Steven Cahall, MoffettNathanson's Michael Nathanson, Iger's, hasn't, Macquarie, Tim Nollen, Doug Shapiro, Shapiro, Disney, It'll, there's, Tim Cook, Eddy, Drew Angerer, Disney's, Penn, Joel Simkins, Stratechery's Ben Thompson, Thompson, — Iger, mused, signups, he's, Kevin Lansberry, I'm, Nollen Organizations: Disney, ABC, FX, Geographic, ESPN, Google, Netflix, Warner Bros, Discovery, Warner Bros . Discovery, Comcast, Marvel, Pixar, Apple, Walt Disney, Turner Broadcasting System, Apple's, Hulu, ESPN Iger, Penn Entertainment, Houlihan, Global Technology Group, LightShed Partners, Flagship Locations: Orlando , Florida, Sun
Total: 25