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☆ Chinese travelers are 'angry' and other top CNBC headlines
▼ + stars: | 2023-01-11 | by ( Monica Pitrelli | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese travelers are 'angry' and other top CNBC headlinesCNBC International's digital managing editor Ted Kemp talks to Squawk Box Asia about the U.S. Federal Reserve's need for political independence, Chinese travelers' reaction to Covid travel rules, and the discovery of lead in popular chocolate brands.

☆ Ukraine's parallel war on corruption to unlock door to West
▼ + stars: | 2022-12-23 | by ( Dan Peleschuk | ) www.reuters.com time to read: +10 min

The activity reflects a parallel war Kyiv is waging against high-level graft, according to Reuters interviews with half a dozen Ukrainian anti-corruption monitors and officials. It had been repeatedly opened and closed for two years due to procedural errors and shortcomings, SAPO prosecutors said at the time of the hold-ups. New anti-corruption cases include a probe launched in October into a former tax chief suspected of taking more than $20 million in kickbacks. SAPO prosecutors, for instance, earn at least $2,500 per month, or six times more than the Ukrainian monthly average. Kateryna Butko, a civic activist serving on the SAPO selection committee, acknowledged that Ukraine's fight against graft is often plodding.

☆ Judge pauses SEC case in alleged NJ deli stock fraud in favor of criminal probe
▼ + stars: | 2022-12-21 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Federal prosecutors had requested earlier in December that the judge postpone the SEC case due to considerable overlap with their criminal litigation. Judge Christine O'Hearn granted that request on Wednesday, stating that there was no opposition from either the SEC or the defendants. It was the sole asset of Hometown International, a company controlled by financiers James Patten, Peter Coker Sr. and Peter Coker Jr. Your Hometown Deli made under $40,000 in annual revenue despite Hometown International's $100 million market value, according to public filings. Prosecutors say Patten convinced Morina to open the deli under the umbrella of Hometown International.

☆ Watch CNBC's Morgan Brennan's full interview with Advent International Chair & Managing Partner David Musaffer
▼ + stars: | 2022-12-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's Morgan Brennan's full interview with Advent International Chair & Managing Partner David MusafferPrivate equity firm Advent International's Chair & Managing Partner David Musaffer discusses his company's move to acquire space infrastructure and imagery company Maxar for $6.4 billion and take the company private.

☆ 'Qatargate' scandal casts light on 'untouchable' EU lawmakers
▼ + stars: | 2022-12-20 | by ( Philip Blenkinsop | ) www.reuters.com time to read: +5 min

BRUSSELS, Dec 20 (Reuters) - As a corruption scandal rocks the European Parliament, lawmakers and campaign groups say a lack of asset declarations, little reporting on contacts with third countries and barely any sanctions created an environment where rule-breaking could go unpunished or undetected. Prosecutors suspect Greek member of the European Parliament (MEP) Eva Kaili and three others accepted bribes from recent soccer World Cup host Qatar in a bid to influence European Union policymaking. The case, widely dubbed "Qatargate" in the media, is one of the biggest scandals to hit the 27-nation bloc. They also urged the European Commission to put forward a proposal for an independent ethics body as soon as possible. ($1 = 0.9433 euros)Reporting by Philip Blenkinsop; additional reporting by Charlotte Van Campenhout; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

☆ The Taliban has reintroduced public floggings and executions in Afghanistan, reports say
▼ + stars: | 2022-12-11 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +4 min

The Taliban have reintroduced public floggings and executions in Afghanistan under sharia law. On Wednesday, the Taliban performed the first public execution since seizing Kabul in August 2021. Girls attend class at a secret school on August 14, 2022 in Kabul, Afghanistan. Photo by Nava Jamshidi/Getty ImagesAn Afghan woman spoke to Al Jazeera about her experience living under the Taliban regime and her fear of public floggings or execution. Sadaf told Al Jazeera she was sentenced to a public flogging and whipped around 30 times until she passed out.

☆ Bahamas attorneys file emergency motion in FTX case for access to databases with client information
▼ + stars: | 2022-12-09 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Attorneys in the Bahamas filed an emergency motion on Friday asking a Delaware bankruptcy judge to compel U.S. leaders of failed crypto firm FTX to give them access to databases as part of the proceedings. The emergency motion claims that despite "many attempts to obtain access," FTX employees and counsel have stymied Bahamian regulators in their effort to get critical financial information located in Amazon Web Services and Google Cloud Portal databases. They're seeking data on FTX international customers that is stored on AWS servers, including "wallet addresses, customer balances, deposit and withdrawal records, trades, and accounting data." FTX filed for bankruptcy protection last month after a liquidity crunch at the crypto exchange, which was intermingling assets with sister hedge fund Alameda Research. FTX founder Sam Bankman-Fried, who had an estimated net worth of $16 billion before the collapse, will appear before U.S. lawmakers next week.

☆ Dutch conclude lobbying didn't influence Uber International's taxes
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +1 min

"The conclusion of the investigative report is that no advantaging of Uber took place," the document sent to parliament on Tuesday said. "Whatever Uber thought or hoped it would achieve in terms of special fiscal treatment did not succeed." The Dutch subsidiary Uber International BV has around 1,000 employees in Amsterdam. Dutch tax authorities do not reveal information about how they treat individual companies and parts of the findings were redacted. In one redacted passage, the review said that pressure from Uber and the Dutch government's agency tasked with attracting foreign investment "was resisted in an effective way" by the Dutch tax office.

☆ 5 men and 2 women were put to death in a rare mass execution in Kuwait
▼ + stars: | 2022-11-19 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +2 min

The Kuwait government hanged seven prisoners in the first mass execution in five years. Those killed included three Kuwaiti men, a Kuwaiti woman, a Syrian man, a Pakistani man, and an Ethiopian woman. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyThe Kuwait government put to death seven prisoners in the first mass execution in five years. The state-run news agency KUNA news has said that those killed include three Kuwaiti men, a Kuwaiti woman, a Syrian man, a Pakistani man, and an Ethiopian woman. The last mass execution happened in 2017 when seven prisoners — including a member of the Kuwaiti royal family — were hanged in the oil-rich state, AP reported at the time.

☆ CNN CEO Chris Licht details layoff plans at all-hands company meeting
▼ + stars: | 2022-11-15 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com time to read: +4 min

CNN CEO Chris Licht detailed layoff plans to staff amid tough conditions for parent Warner Bros Discovery. CNN Worldwide Chairman and CEO Chris Licht attempted to assert his authority at an all-hands meeting with staff Tuesday morning about the coming layoffs and his plans for the news organization. Licht took some fire at the all-hands over his previous assertions in June that there would be no major layoffs. He told staff there will be a wider reorganization of newgathering staff. Licht also said there would be no layoffs at CNN Digital, although some newsgathering staff are part of CNN Digital.

☆ Philip Morris wins Elliott backing for $15.7 bln Swedish Match takeover -FT
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +1 min

Nov 6 (Reuters) - Activist investor Elliott Management Corp has decided to back Philip Morris International's (PMI) (PM.N) $15.7 billion offer for Swedish Match AB (SWMA.ST), the Financial Times reported on Sunday, citing sources familiar with the matter. PMI's offer had received more than 80% shareholder acceptance at the latest count on Friday and more could be processed on Monday, the FT reported. Under Swedish law, PMI needs 90% of shareholders to agree to the deal to gain full control of Swedish Match. PMI, Swedish Match and Elliottt declined to comment. ($1 = 10.8952 Swedish crowns)Reporting by Maria Ponnezhath in Bengaluru and and Marie Mannes in Gdansk Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

The deadline for shareholders to tender shares in support of the bid was 1600 GMT on Friday. Protean Funds had said previously it wanted to fight for Swedish Match and thought PMI's bid undervalued the company. It is still not known what activist investor Elliott Management, which owns over 10% in Swedish Match, has done. Under Swedish law, PMI needs 90% of shareholders to agree to the deal to get full control of Swedish Match. PMI bid lights up Swedish Match stock($1 = 10.9446 Swedish crowns)Reporting by Marie Mannes; Editing by Jane Merriman, Josephine Mason, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

☆ India, China to see biggest jump in real salary as Asia-Pacific leads the way next year, report shows
▼ + stars: | 2022-11-01 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

As inflation continues to impact global economies, Asia-Pacific is the only region that will see real salary growth in 2023, according to ECA International. As inflation continues to impact global economies, Asia-Pacific will be the only region to see real salary growth in 2023, a new survey has found. That's compared to other regions which will see drops in average real salary, the report showed. With inflation increasing significantly in 2022, 78% of countries surveyed recorded a real salary decrease, and no European country saw a real-terms salary increase. Workers in China are also amongst "a small group globally" who will receive the highest rates of real salary growth this year and the next, Quane said.

Chinese equities make up 31% of the MSCI Emerging Market index (.MIEF00000PUS), a popular stock index that many funds track and benchmark their performances against. Fund research firm Morningstar tracks nine new emerging market ex-China equity mutual funds and exchange-traded funds (ETFs) that were created this year, matching the number of launches in total over the previous two years. If Aubrey was to remove China from its emerging market strategy, the Indian market would take a significant portion, while the rest will be spread around other countries including Vietnam, Brazil and Mexico, he said. OUTFLOWSAndrew McCaffery, Fidelity International's global chief investment officer, said they have received increased requests from clients for emerging markets excluding China strategies, although the purpose was to “break China out as an allocation separately within global portfolios”. “The challenge is that they (global investors) are not going to be quick to add back in,” he said.

BEIJING/HONG KONG, Oct 25 (Reuters) - Global credit rating agency Moody's downgraded Fosun International Ltd (0656.HK) by one notch on Tuesday and revised its outlook to "negative" from "ratings under review" amid concerns over the firm's accelerated asset sales. Fosun and its units had earlier cut stakes in firms such as New China Life Insurance (601336.SS) and Shanghai Yuyuan Tourist Mart Group (600655.SS). Fosun, controlled by billionaire entrepreneur Guo Guangchang, was once one of China's most aggressive dealmakers overseas, buying high-profile assets including resort brand Club Med. Fosun's cash on hand at the holding company level is insufficient to cover its short-term debt maturing over the next 12 months, Moody's added. Fosun also expects to gradually repay the outstanding senior notes and increase borrowings from banks, the report said.

BEIJING/HONG KONG, Oct 25 (Reuters) - Global rating agency Moody's downgraded Fosun International Limited (0656.HK) by one notch on Tuesday and revised its outlook to 'negative' from 'ratings under review', after the firm divested more assets to ease liquidity and debt burdens. "Moody's expects Fosun to face difficulties in refinancing its sizable short-term debt in public bond markets, both onshore and offshore, given the current weak market sentiment," the rating agency said. Fosun's cash on hand at the holding company level is insufficient to cover its short-term debt maturing over the next 12 months, Moody's said. Fosun's management also plans to gradually repay the outstanding senior notes and increase borrowings from banks, the report said. The company did not make any comments on the Bloomberg story or the Citigroup report in response to queries from Reuters.

☆ Amnesty urges dropping of defamation charges against Bosnia environment activists
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +3 min

SARAJEVO, Oct 21 (Reuters) - Amnesty International has urged a Belgian-owned hydro-power company to drop defamation charges against young Bosnian activists who publicly criticised the environmental impact of their projects in Bosnia, saying they were baseless. Kovacevic and Tusevljak are part of a larger movement in Bosnia protesting against small hydro-power plants as authorities embrace the technology in an effort to replace aging coal-fired power stations. Activists were successful in getting legislation to ban the construction of small hydro-power plants through the country's Bosniak-Croat Federation parliament last July. The Serb Republic, the other Bosnian region where East Sarajevo is located, also passed legislation in February limiting the size of future small hydro-power plants. "People of Bosnia-Herzegovina have the right to oppose to small hydro-power plants but you cannot attack existing permits," Green Invest's Delacroix said.

☆ Walmart doubles down on Africa despite a decade of frustration
▼ + stars: | 2022-10-21 | by ( Nqobile Dludla | ) www.reuters.com time to read: +8 min

A shopper pushes a trolley as she leaves a Builders Warehouse store owned by Walmart-led Massmart Holdings in South Africa, at Gleneagles, in the south of Johannesburg, South Africa, October 20, 2022. Instead, Massmart's units outside South Africa struggled with foreign exchange risk, tricky regulatory environments and macroeconomic volatility. Earlier this year, an internal Amazon.com Inc (AMZN.O) memo detailing its expansion plans, including a maiden foray onto the continent via South Africa, leaked to media. The pending battle with its global rival looms over Walmart's e-commerce strategy for Massmart, several shareholders told Reuters. While Walmart can now firmly set the direction at its South African unit, its track record outside the United States is spotty.

☆ The dollars movement is a proxy for global liquidity, says Rockefeller International's Ruchir Sharma
▼ + stars: | 2022-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe dollars movement is a proxy for global liquidity, says Rockefeller International's Ruchir SharmaRuchir Sharma, chairman at Rockefeller International, joins 'Squawk on the Street' to discuss forces driving the dollar increase, the need for a circuit breaker, dollar selling, and a coordinated central bank intervention.

☆ Popeyes' UK restaurants are proving so popular that customers at one location lined up from 5:00 a.m. to get their hands on fried chicken
▼ + stars: | 2022-09-29 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

UK sales are booming and its Stratford site has the chain's highest sales globally. A map showing Popeyes' current and upcoming UK restaurants. The company aims to have 350 UK restaurants by 2031. Popeyes was credited with starting the chicken sandwich wars in 2019, when its sandwich became an instant success following huge social-media buzz. RBI bought sandwich chain Firehouse Subs in 2021.

☆ Powell's doom loop is spreading to other central banks, says Rockefeller International's Ruchir Sharma
▼ + stars: | 2022-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowell's doom loop is spreading to other central banks, says Rockefeller International's Ruchir SharmaRuchir Sharma, chairman of Rockefeller International, joins 'Closing Bell' to discuss rising rates and the strong dollar, as well as the impact of Powell's monetary policy on emerging markets.

Your Hometown Deli, the business at the center of the probe, was located in Paulsboro, New Jersey, over the Delaware River from Philadelphia. The parent company, Hometown International, had merged with a bioplastics company. The $100 million New Jersey deli, as Your Hometown Deli came to be known, was first brought to the public's attention by investor David Einhorn in a letter to clients. The securities fraud and securities price manipulation counts carry maximum penalties of 20 years in prison and a $5 million fine. The conspiracy to commit securities fraud and conspiracy to manipulate securities prices counts each carry a maximum penalty of five years in prison.

How to earn Southwest pointsCompare Southwest credit cards Southwest Rapid Rewards® Plus Credit CardSouthwest Rapid Rewards® Premier Credit CardSouthwest Rapid Rewards® Priority Credit CardSouthwest® Rapid Rewards® Premier Business Credit CardSouthwest® Rapid Rewards® Performance Business Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Transfer points from Diners Club or hotel loyalty programsDiners Club members can also transfer Club Rewards points to Southwest — 1,500 Club Rewards points, for instance, would convert to 1,200 Southwest points. It's also possible to redeem points earned through participating hotel loyalty programs if you'd rather put them toward flights than hotel stays, though redemption rates are pretty low:5,000 Best Western Rewards points = 1,200 Southwest points6,000 Choice Privileges points = 1,800 Southwest points2,000 Radisson Rewards America points = 200 Southwest points50,000 Radisson Rewards America points = 5,000 Southwest points100,000 Radisson Rewards America points = 10,000 Southwest points9,000 Marriott Bonvoy points = 3,000 Southwest points30,000 Marriott Bonvoy points = 10,000 Southwest points60,000 Marriott Bonvoy points = 20,000 Southwest points90,000 Marriott Bonvoy points = 30,000 Southwest points120,000 Marriott Bonvoy points = 40,000 Southwest points5,000 World of Hyatt points = 2,400 Southwest points50,000 World of Hyatt points = 24,000 Southwest pointsNote that World of Hyatt throws in an additional 6,000 Southwest points as long as you're a member, while Marriott Bonvoy adds 5,000 Southwest points for every 60,000 Marriott points transferred to an airline. For instance, a $220 Business Select fare would yield 2,640 Southwest points, while a $200 Anytime ticket would yield 2,000 Southwest points, and a $100 Wanna Get Away ticket would yield 600 Southwest points. Earn Southwest points by taking online surveysYou can earn points by taking online surveys through E-Rewards — $15 worth of E-Rewards yields 300 Southwest points, $25 worth of E-Rewards yields 600 Southwest points, $50 worth of E-Rewards yields 1,200 Southwest points, and $100 worth of E-Rewards yields 2,400 Southwest points.

☆ I took Yale's 'most popular class ever'—and it completely changed how I spend my money
▼ + stars: | 2019-05-13 | by ( Dave Schools | ) www.cnbc.com time to read: +5 min

So when Yale released its happiness class for free online, I decided to give it a try. The 10-week class, called "The Science of Well-Being," is taught by Laurie Santos, a professor of psychology and cognitive science. She starts the class by addressing why the things we want in life don't actually make us happy. Money ≠ happiness. Be more mindful about how you spend moneyLater in the class, Santos interviews Elizabeth Dunn, a happiness researcher and the co-author of "Happy Money."

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