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☆ The new architecture set to shape the world in 2024
▼ + stars: | 2024-01-10 | by ( Oscar Holland | ) edition.cnn.com time to read: +11 min

Kéré’s Berlin-based firm says the building’s top-heavy appearance was inspired by the palaver tree, which traditionally served as a meeting place. Designed for developer s2e Technologies by US architecture firm Gensler, the four circular residential structures can accommodate a combined 84 households. But it is perhaps Bjarke Ingels, founder of Danish design firm BIG, that has had the greatest impact on the city’s once modest skyline. The first restored sections are set to be ready in time for this summer’s Paris Olympics. Norwegian architecture firm Snøhetta and local practice Blight Rayner — who together beat more than 20 entries in an international competition — say that the design was inspired by the flow of the Brisbane River.

Persons: David Chipperfield, Francis Kéré, Kéré, China Stefano Boeri, Bosco, Stefano Boeri, Mestres Wåge, Nicolai Tangen, NBBJ, Dror, EPIQ, Ecuador Uribe Schwarzkopf, Bjarke, Moshe Safdie, Jean Nouvel, Ma Yansong, Ingels, France Chatillon Architectes, Notre Dame isn’t, Chatillon, Nikken Sekkei, ”, “, Blight Rayner —, Aunty Lilla Watson Organizations: CNN, superlatives, Malaysia’s, Benin National Assembly, Forest, Kunstsilo, Keppel South, Enclave, s2e Technologies, Bjarke Ingels, BIG, UNESCO, Heritage, Notre Dame, Palais, Beaux -, Chatillon Architects, UAE Kerzner, United, “ Michelin, New York Times, Gang, Queensland Performing Arts Centre, Queensland Performing Arts Locations: India, Benin, Porto, Novo, Burkina Faso, Kéré’s Berlin, Nanjing, China, Milan, Italy, Europe, China’s, Kristiansand, Norway, Norwegian, Keppel, Keppel South Central, Singapore, London, Canada, London , Ontario, Quito, Ecuador, Bjarke Ingels Quito, Parque La Carolina, Paris, France, Dubai, UAE, United Arab Emirates, Hotel, Denver, USA, Denver , Colorado, Urban, Brisbane, Australia, Australian

☆ Opinion: A turning point in Ukraine
▼ + stars: | 2024-01-09 | by ( Opinion Michael Bociurkiw | ) edition.cnn.com time to read: +9 min

Last year, Ukraine passed legislation shifting its Christmas celebrations in line with many Western dates – a step to further distance itself from traditions commonly observed in Russia. As 2023 drew to a close, Russia launched the biggest air attack on Ukraine since the beginning of its full-scale invasion. The intensity and frequency of the attacks — on the back of reports that the Ukrainian counteroffensive is stalling and that western backers of Ukraine are holding back billions in funding — marks a major turning point in the war. While it’s impossible to put an exact number on Ukrainian war losses, anyone who visits the military portion of the Lychakiv Cemetary in Lviv can see that its expanded to almost maximum capacity. Ukraine scored a big win last week when the EU approved sanctions against Russia’s largest diamond producer, Alrosa, and its CEO.

Persons: Michael Bociurkiw, Odesa, Odesa CNN —, –, Oleksandr Gimanov, Olha, Radkevych, Anatolii Stepanov, Volodymyr Zelensky, who’ve, Armed Forces Valeriy, who’s, Zelensky, Vladimir Putin, Le Cosmopolite, ”, won’t, Putin, Kira Rudik, “ Organizations: Atlantic Council, Organization for Security, Cooperation, CNN, Odesa CNN, OSCE, Getty, Armed Forces, expats, “, European Union, Ukraine, Russia’s, EU, Holos Party Locations: Europe, Ukrainian, Odesa, Ukraine, Russia, AFP, Israel, United States, Russian, North Korea, Iran, Lviv, Kyiv, Belgium

Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Cloud competition from HuaweiAlibaba has been an industry leader in the cloud business. Alibaba in November blamed U.S. restrictions on chip sales to China for the decision to pull the cloud IPO. Alibaba said its cloud business revenue grew by just 2% year on year in the quarter ended Sept. 30. Those resellers were other companies that had acted as distributors or agents for Alibaba cloud and received commissions.

Persons: Brendan McDermid, It's, Alibaba, hasn't, they're, Duncan Clark, Clark, ”, Jack Ma, Brian Wong, Eddie Wu, Trudy Dai, Daniel Zhang, Yi Zhang, —, Alibaba's, Canalys, BDA's Clark Organizations: Alibaba Group Holding, New York Stock, Reuters, BDA, Alibaba Group, Alibaba, Duncan Clark BDA, Huawei Alibaba, Huawei, Tencent, “ Global Locations: Reuters BEIJING, U.S, China, Beijing, Alibaba

☆ Townhouses Took Off in December, and Neighbors Filed a Rare Joint Listing
▼ + stars: | 2023-12-29 | by ( Vivian Marino | ) www.nytimes.com time to read: +1 min

Manhattan townhouses took center stage in December, with several big sales and a prominent listing. The film producer Scott Rudin teamed up with a neighbor for a combined listing at 20-22 Bank Street in the West Village. And on the Upper West Side, the real estate developer Charles Bendit, and his wife, Karyn Bendit, closed on the sale of their townhouse. Other noteworthy December closings included the purchase of a co-op through a trust for Sara Lee Schupf, for whom the Sara Lee dessert business was named. All three transactions were on the Upper East Side.

Persons: Scott Rudin, Graydon Carter, Ronald S, Lauder, Stephen Sondheim, Charles Bendit, Karyn Bendit, Sara Lee Schupf, Sara Lee, Thomas E, Harvey, Erica Jong Organizations: Rockefeller, House, New York City Schools Locations: West, New

☆ Jennifer Jason Leigh on 'Fargo,' 'Fast Times,' 'Hateful Eight' & Most Famous Roles
▼ + stars: | 2023-12-14 | by ( Caralynn Matassa | ) www.businessinsider.com time to read: +8 min

Jennifer Jason Leigh knows how to make an entrance. Juno Temple as Dorothy "Dot" Lyon and Jennifer Jason Leigh as Lorraine Lyon in "Fargo" season five. Phoebe Cates and Jennifer Jason Leigh in "Fast Times at Ridgemont High." On the enjoyable experience of getting punched by Kurt RussellKurt Russell and Jennifer Jason Leigh in "The Hateful Eight." On losing out on Catwoman — and the other role that got awayJennifer Jason Leigh as Sadie Flood in "Georgia."

Persons: Jennifer Jason Leigh, Lorraine Lyon, Leigh, she's, Daisy Domergue, Quentin Tarantino's, Hedy Carlson, Sadie Flood, Noah Hawley's, Dot, Juno Temple, Dorothy, Lyon, Michelle Faye, Temple, Phoebe Cates, Julia Roberts, Stacy, Kurt Russell Kurt Russell, Kurt Russell, Kurt, I'd, Catwoman —, Miramax You've, Tim Burton, Michelle Pfeiffer, I've, there's, There'd Organizations: Business, Juno, Lorraine, TWC, Miramax, Miami, Hulu Locations: Minnesota, Hollywood, Georgia, Fargo, Dot, Ridgemont

☆ Nvidia is the stock of the year. Can it last?
▼ + stars: | 2023-12-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

New York CNN —It would be an understatement to say that it’s been a good year for Nvidia. The California-based chipmaking giant has seen its shares soar about 220% this year, making it the top performing S&P 500 stock in 2023. What’s happening: Just before Thanksgiving, Nvidia crushed doubts that its star was fading by reporting gangbuster third quarter earnings. By Sosnick’s count, Nvidia executives mentioned AI at least 70 times on their most recent earnings call. Historically, Nvidia has had hard falls after missteps — between 2021 and 2022, shares of the stock fell by 66%.

Persons: Hannah de Wolf, Colette Kress, There’s, ”, Steve Sosnick, we’ve, Nvidia …, Dan Ives, Goldman Sachs, Piper Sandler, Harsh Kumar, Sarat Sethi, DCLA, Sethi, it’s, missteps, hasn’t, Matt Egan, Robert Jackson Jr, Joshua Mitts, “, Mitts, it’s “, ” Mitts, Jackson, Catherine Cortez Masto, Biden, Cortez Masto, “ I’m, Todd Young, Tim Kaine, Mark Warner, Rand Paul, Mitch McConnell, Bill Hagerty, Marsha Blackburn ,, Joe Manchin, Roger Marshall, Katie Britt Organizations: CNN Business, Bell, New York CNN, Nvidia, Revenue, Nvidia can’t, Washington Service, Interactive, CNBC, Columbia University, New York University, Israel, Fund, SEC, NYU, …, CNN, US, EU, Indiana Locations: New York, California, China, Wedbush, Israel, Gaza, Columbia, Nevada, American, Virginia, Kentucky, Tennessee, Marsha Blackburn , West Virginia, Joe Manchin , Kansas, Alaska

At 1 p.m. on a Friday shortly before Christmas last year, Kent Walker, Google’s top lawyer, summoned four of his employees and ruined their weekend. The group worked in SL1001, a bland building with a blue glass facade betraying no sign that dozens of lawyers inside were toiling to protect the interests of one of the world’s most influential companies. For weeks they had been prepping for a meeting of powerful executives to discuss the safety of Google’s products. The deck was done. But that afternoon Mr. Walker told his team the agenda had changed, and they would have to spend the next few days preparing new slides and graphs.

Persons: Kent Walker, Google’s, Walker Locations: SL1001

☆ Four bidders approved for Colombia 5G auction
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

Flags flutter on the facade of the Colombian Ministry of Information and Communications Technologies building in Bogota, Colombia, November 8, 2023. REUTERS/Luis Jaime Acosta/File Photo Acquire Licensing RightsBOGOTA, Dec 5 (Reuters) - Four operators have been approved to participate in Colombia's auction to offer fifth-generation (5G) cellular data services, the communications ministry said. Telecall Colombia S.A.S., the fourth approved bidder, is a Brazilian telecoms coming looking to enter the Colombian market. The government expects to raise about $500 million via the Dec. 20 auction and join regional neighbors like Argentina and Mexico, where 5G is already available. Reporting by Luis Jaime Acosta; Writing by Julia Symmes Cobb; Editing by Mark PorterOur Standards: The Thomson Reuters Trust Principles.

Persons: Luis Jaime Acosta, Julia Symmes Cobb, Mark Porter Organizations: Colombian Ministry of Information, Communications Technologies, REUTERS, Rights, Telefonica, Telecall, Thomson Locations: Bogota, Colombia, Rights BOGOTA, Claro, Telecall Colombia, Brazilian, Colombian, Argentina, Mexico

NEW YORK (AP) — When Paul Giamatti made “Sideways” with Alexander Payne, he stayed in a little house in the middle of a large vineyard. I told David Hemingson: We’re writing for Paul Giamatti." “He’s just the best actor,” Payne adds. Twenty years ago, Giamatti was surprisingly passed over for an Oscar nomination for “Sideways.” This time, many are predicting he’ll receive his first Academy Award nomination for best actor. If the movie does, if (Randolph) does, if Hemingson does or Alexander does — it’d be great if somebody does."

Persons: Paul Giamatti, Alexander Payne, Giamatti, Alexander, ‘, ’ ”, Thomas Hayden, ”, John Adams ”, Jerry Heller, he’s, Payne, —, Paul Hunham, who’s, Dominic Sessa, Da’Vine Joy Randolph, ” Giamatti, “, Giamatti’s, Miles Raymond of “, grouch, “ He’s, He’s, ” Payne, David Hemingson, “ I’ve, aspersions, Paul, Bartlett Giamatti, Toni, Choate, You’ll, Miles, Sessa, wouldn’t, I’m, Randolph, Stephen Asma, cackling, ’ I’m Organizations: Thomas Hayden Church, Yale, Major League Baseball, Hopkins School Locations: Napa Valley, Manhattan, California, New England, Haven , Connecticut

☆ Wall St Week Ahead Tax-loss selling, 'Santa rally' could sway U.S. stocks after November melt-up
▼ + stars: | 2023-12-02 | by ( David Randall | ) www.reuters.com time to read: +5 min

The key catalyst for stocks will likely continue to be the expected trajectory of the Federal Reserve's monetary policy. In September, historically the weakest month for stocks, the S&P 500 fell nearly 5%. The S&P 500 gained nearly 9% gain in November, historically a strong month for the index. Overall, December has been the second-best month for the S&P 500, with the index up an average of 1.54% for the month since 1945, according to CFRA. Many other names have languished: The equal-weighted S&P 500, whose performance is not skewed by big tech and growth stocks, is up around 6% in 2023.

Persons: Mike Segar, Santa Claus, Stocks, We've, Sam Stovall, Claus, Kraft Heinz, BofA, Sameer Samana, Dow, Michael Hartnett, David Randall, Ira Iosebashvili, Richard Chang Organizations: New York Stock Exchange, REUTERS, Federal, Research, Investors, LPL, BofA Global Research, PayPal Holdings, CVS Health, Kraft, Wells, Investment Institute, Nvidia, Dow Jones, Coinbase Global, Innovation, Thomson Locations: Manhattan, New York City , New York, U.S, Santa, New York

☆ Evergrande creditor group supports maintaining operations, not bankruptcy-SCMP
▼ + stars: | 2023-12-02 | by ( ) www.reuters.com time to read: +2 min

A partially removed company logo of China Evergrande Group is seen on the facade of its headquarters in Shenzhen, Guangdong province, China January 10, 2022. REUTERS/David Kirton/File Photo Acquire Licensing RightsHONG KONG, Dec 2 (Reuters) - A key offshore creditor group of China Evergrande Group (3333.HK) supports keeping the developer operating, the South China Morning Post (SCMP) reported ahead of a court hearing on Monday that could decide to liquidate the indebted firm. Evergrande, the world's most indebted property developer, and the advisers to the creditor group did not immediately respond to requests for comment. Evergrande has until the Hong Kong court hearing on Monday to present a "concrete" revised debt restructuring proposal for offshore creditors, a judge said last month after its original plan had lapsed. The creditors group responded by demanding a controlling equity stake in Evergrande and the two Hong Kong subsidiaries, a source familiar with the matter said on Friday.

Persons: David Kirton, Evergrande, Clare Jim, William Mallard Organizations: China Evergrande, REUTERS, HK, China Morning, Hengda, Kirkland &, Reuters, Hong, Thomson Locations: Shenzhen, Guangdong province, China, HONG KONG, Kirkland & Ellis, Hengda, Hong Kong, Evergrande

☆ GM believes many of its EVs will qualify for tax credits in 2024
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: 1 min

[1/2] The 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 RightsWASHINGTON, Dec 1 (Reuters) - General Motors said Friday that it expects many of its electric vehicles to qualify for U.S. tax credits next year after new stricter rules limiting Chinese battery content take effect. "Due to GM’s historic investments in the U.S and efforts to build more secure and resilient supply chains we believe GM is well positioned to maintain the consumer purchase incentive for many of our EVs in 2024 and beyond," the automaker said after the Biden administration issued new guidance. Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Rebecca Cook, General Motors, Biden, David Shepardson Organizations: General Motors, REUTERS, Rights, General, Thomson Locations: Detroit , Michigan, U.S

☆ Police Evict Squatters From Barcelona Buildings
▼ + stars: | 2023-11-30 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

BARCELONA (Reuters) - Riot police on Thursday evicted a group of squatters from two buildings in Barcelona that had been occupied for several years, following a court order in a case that has triggered significant attention in Spain. In the raid, that started before dawn, police officers approached the adjacent buildings walking inside a metal cage to protect themselves from rocks, smoke guns and fire flares thrown by the squatters. Officers cut the gates to eventually enter the buildings and remove its occupants, including one person who was hanging on a cord along the facade of one of the buildings. The buildings are located in a wealthy Barcelona neighbourhood. (Reporting by Albert Gea, Joan Faus and Jesus Aguado; Writing by Joan Faus; Editing by Christina Fincher)

Persons: Albert Gea, Joan Faus, Jesus Aguado, Christina Fincher Organizations: Riot Locations: BARCELONA, Barcelona, Spain

They would also investigate the company's affairs and could refer any suspected misconduct by directors to Hong Kong prosecutors. Evergrande could appeal a liquidation order, but the liquidation process would proceed pending appeal. China Oceanwide Holdings (0715.HK) suspended its shares in September after a Bermuda Court issued a liquidation order. So far over 53 billion yuan ($7.2 billion) of Evergrande's assets have been seized or frozen across China, local media have reported, citing court records. ($1 = 7.3170 Chinese yuan renminbi)Reporting by Clare Jim in Hong Kong and Scott Murdoch in Sydney; Editing by Sumeet Chatterjee, Lincoln Feast and William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: David Kirton, EVERGRANDE, Evergrande, Hui Ka Yan, Clare Jim, Scott Murdoch, Sumeet Chatterjee, Lincoln, William Mallard Organizations: China Evergrande, REUTERS, HK, China Oceanwide Holdings, Bermuda Court, Evergrande, Services, New Energy Vehicle Group, Thomson Locations: Shenzhen, Guangdong province, China, HONG KONG, Hong Kong, Guangzhou, Sydney

For much of this year central banks have successfully pushed back against rate cut bets. "I believe the Fed will act rationally and begin to cut rates by the end of next year, but we can't rule out the scenario that the Fed is not going to cut rates and just let the ramifications of recession do what they do." Reuters GraphicsSHIFT NEARINGMarkets now fully price in a 25 basis point U.S. rate cut in May, having seen a 65% chance earlier this week. "There are now committee members in all three (banks) willing to talk about rate cuts next year," said Chris Jeffery, head of rates and inflation strategy at LGIM. "The ECB should begin to ease policy as soon as April 2024, with risks that a more sinister downturn in growth could warrant a rate cut as soon as March," he said.

Persons: Jonathan Ernst, ramping, It's, Nate Thooft, Goldman, Christopher Waller, Huw Pill, Yannis Stournaras, Chris Jeffery, we'd, Dario Perkins, Simon Harvey, Yoruk, Naomi Rovnick, Harry Roberston, Davide Barbuscia, Ira Iosebasvili, Saqib Iqbal Ahmed, Dhara Ranasinghe, Catherine Evans Organizations: . Federal, REUTERS, ECB, U.S . Federal Reserve, European Central Bank, Manulife Investment Management, Treasury, Graphics, Bank of England, Deutsche, Lombard, Traders, Yoruk Bahceli, Thomson Locations: Washington, United States, Europe, Goldman Sachs, Greek, Amsterdam, London

☆ Donkey Cart Ride Shows Scale of Destruction in Gaza's Khan Younis
▼ + stars: | 2023-11-29 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +3 min

Unfortunately it takes us three to four hours to reach Khan Younis," said Najar, speaking on the back of the cart. The slower pace gives a clear view of a city scarred by war, with the white donkey trotting past one scene of destruction after another. The destruction in Khan Younis in the south is not as extreme as in Gaza City and other parts of northern Gaza that have borne the brunt of Israel's military campaign. Vowing to destroy Hamas, Israel launched an assault on Gaza that has killed more than 15,000 people, four in ten of them children, according to health officials there. "They didn't leave a tree or a stone," he said, appealing to God to bring the war to an end.

Persons: Bassam Masoud, Fadi Shana KHAN YOUNIS, Khan Younis, Mohammed al Najar, Estelle Shirbon, Janet Lawrence Organizations: Reuters, World Health Organization Locations: Gaza, Khan, Khuza'a, Gaza City, rampaged, Israel

☆ Farfetch founder bids to take company private - Telegraph
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

A banner to celebrate the IPO of online fashion house Farfetch is displayed on the facade of the of the New York Stock Exchange (NYSE) in New York, U.S., September 21, 2018. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNov 28 (Reuters) - Online luxury retailer Farfetch's (FTCH.N) founder José Neves is looking to take the company private after a troubled New York Stock Exchange listing, the Telegraph reported on Tuesday. Shares of the company edged 20% higher following the news. Farfetch did not immediately respond to a Reuters request for comment. Reporting by Juveria Tabassum and Annett Mary Manoj; Editing by Maju Samuel and Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, José Neves, Neves, Farfetch, Juveria Tabassum, Mary Manoj, Maju Samuel, Shilpi Majumdar Organizations: New York Stock Exchange, REUTERS, Telegraph, JPMorgan, HK, Thomson Locations: New York, U.S, Swiss

☆ I clean the windows on a 740-foot skyscraper. The first time, I felt like I was going to die, but now it's freeing.
▼ + stars: | 2023-11-28 | by ( Emma Magnus | ) www.businessinsider.com time to read: +6 min

It takes the team six months to clean the entire building, and then they immediately start again. AdvertisementThis as-told-to essay is based on a conversation with Lucas Da Silva, a vertical site supervisor for the Leadenhall Building in London. The first time I went up the Leadenhall Building — which is 224.5 meters tall, or about 738 feet — I felt like I was going to die. AdvertisementIt takes 6 months to clean the whole building — and then you immediately start againIt takes about six months to clean the whole building. You never get used to the risks of working that high upDa Silva admires the view from the top floors of Leadenhall Building.

Persons: Lucas Da Silva, Da Silva, —, I've, I'm, they'd Organizations: Service, Lucas Da Silva Health, London Locations: London, Paul's Cathedral, Bishopsgate

“Let’s light it up!” the actress Jennifer Lawrence said on Monday night as she helped to reveal the holiday windows and kick off the annual lights show at Saks Fifth Avenue. As is tradition, onlookers crammed behind barricades near 50th Street as performers — in this case from the Martha Graham Dance Company — flooded Fifth Avenue. Behind them, nearly 300,000 lights illuminated what is described as a “wheel of fortune” installation, which covered 10 stories of the Saks Fifth Avenue New York flagship facade. Ms. Lawrence, a longtime Dior ambassador, gathered alongside other actresses, including Tracee Ellis Ross, Rachel Zegler, Ashley Park, Alexandra Daddario, Lola Tung and Maya Hawke. They packed onto bleachers across the street for the show, which included fireworks launched from the roof of the department store.

Persons: Jennifer Lawrence, Martha Graham, Dior, Christian Dior’s, Ms, Lawrence, Tracee Ellis Ross, Rachel Zegler, Ashley Park, Alexandra Daddario, Lola Tung, Maya Hawke Organizations: Saks Fifth, Martha Graham Dance Company, Saks, Avenue New Locations: Fifth, Avenue New York

☆ Property Brothers Drew and Jonathan Scott break down the No. 1 thing you should do before house hunting
▼ + stars: | 2023-11-24 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

1 thing you can do to set yourself up for success is leaving emotion out of the equation. That's according to HGTV stars Drew and Jonathan Scott, better known as the Property Brothers. The duo tell CNBC Make It that emotion is the enemy of making a good decision. "People who don't have experience in real estate can look at a space and think 'New kitchen! But it's not until you're living in it that you see it's a façade," Drew says.

Persons: Drew, Jonathan Scott, it's Organizations: HGTV, CNBC

☆ India set to miss divestment targets by more than half this year - sources
▼ + stars: | 2023-11-24 | by ( Nikunj Ohri | ) www.reuters.com time to read: +3 min

The government may fall short of its divestment goal by 300 billion rupees ($3.60 billion) in 2023/24, two government sources told Reuters. New Delhi had targeted 510 billion rupees from divestment proceeds for the current fiscal year that ends March, 2024. So far this year, the government has received 80 billion rupees through stake sales, according to government data. The government expects to surpass its 430 billion rupees dividend target and has so far received 203 billion rupees from state-run firms. "As long as the government is meeting its fiscal targets and there isn't a shortfall, missing divestment targets is fine," said Rahul Bajoria, an economist at Barclays Investment Bank.

Persons: Niharika Kulkarni, Narendra Modi's, Subhash Chandra Garg, Rahul Bajoria, Nikunj Ohri, Sam Holmes Organizations: IDBI, REUTERS, Reuters, IDBI Bank, NMDC Steel, Reserve Bank of India, NMDC, Barclays Investment Bank, Thomson Locations: Mumbai, India, DELHI, New Delhi, Chhattisgarh

☆ 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

☆ India cancels bid process to hire valuer for IDBI Bank sale
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

The logo of IDBI Bank is seen on the facade of its headquarters in Mumbai, India, April 18, 2023. REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsNov 21 (Reuters) - The Indian government has cancelled the bidding process to hire an asset valuer for its planned IDBI Bank (IDBI.NS) share sale, according to a statement. The government will invite fresh bids to select a valuer for its stake in the lender, said a statement from the Department of Investment and Public Asset Management on Tuesday. India is looking to offload its 30.48% stake in IDBI Bank, while Life Insurance Corp (LIC) (LIFI.NS) of India will sell a 30.24% shareholding. Presently, the Indian government and LIC collectively own about 95% of IDBI Bank.

Persons: Niharika Kulkarni, LIC, Tuhin Kanta Pandey, Nikunj Ohri, Matthew Lewis Organizations: IDBI, REUTERS, Bank, Department of Investment, Public Asset Management, Life Insurance, IDBI Bank, Thomson Locations: Mumbai, India, IDBI Bank, New Delhi, Bengaluru

☆ Austrians can't agree on what to do with the apartment where Hitler was born
▼ + stars: | 2023-11-20 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +4 min

The apartment where Adolf Hitler was born is now the subject of fierce public debate. AdvertisementFor years now, Braunau am Inn, Austria, has been embroiled in a debate about how to deal with one of its most infamous buildings — the birthplace of dictator Adolf Hitler. Hitler was born in Braunau am Inn in 1889 and lived there for only a few months. When Hitler was in power during World War II, the apartment was used as an art gallery and library, per NPR. Residents say it's important for Austrians to accept the country's role in Hitler's abuses, despite some resistance at the time.

Persons: Adolf Hitler, it'd, —, Hitler, Florian Kotanko, Adolf Hitler's Birthplace, Annette Pommer, It's, Günter Schwaiger, didn't Organizations: Service, Locals, NPR, Guardian, Austrian, New York Times, Times Locations: Braunau, Austria, Austrian

☆ Argentine ETF trading surges after election, led by small investors
▼ + stars: | 2023-11-20 | by ( Suzanne Mcgee | ) www.reuters.com time to read: +2 min

The Global X MSCI Argentina ETF , which offers exposure to a basket of the country's most liquid stocks, soared more than 13% on Monday and hit its highest level since September. While the South American country's markets are closed on Monday for a local holiday, U.S.-listed shares of Argentinian companies also surged in U.S. trading. The gains for the ETF came through large amounts of small trades, Todd Sohn, an ETF analyst at Strategas in New York, said. By mid-morning, the value of trading in the ETF had topped $11 million, compared with average of about $1 million a day throughout 2023. "These small country funds are ideal vehicles for small day traders who jump on events" like Sunday's presidential election in Argentina, Sohn said.

Persons: Agustin Marcarian, Argentina's Javier Milei, Todd Sohn, Sohn, Suzanne McGee, Megan Davies, Andrew Heavens Organizations: REUTERS, Argentina ETF, Management, Inc, U.S, Banco, Grupo Financiero, Thomson Locations: Buenos Aires, Argentina, American, New York, ARGT, Grupo Financiero Galicia

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