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☆ BNP Paribas Exane: Alphabet is the top name among the mega-caps, valuation still reasonable
▼ + stars: | 2023-10-16 | 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 EmailBNP Paribas Exane: Alphabet is the top name among the mega-caps, valuation still reasonableStefan Slowinski, global head of software research at BNP Paribas Exane, discusses what to expect from some of the mega-cap tech stocks during earnings season, and highlights his top name in the group.

Persons: Stefan Slowinski Organizations: BNP, BNP Paribas Exane

☆ UK Labour leader promises 'a decade of national renewal' in disrupted conference speech
▼ + stars: | 2023-10-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

A protester throws glitter over and disrupts Labour leader Sir Keir Starmer making his keynote speech during the Labour Party Conference in Liverpool. (Photo by Stefan Rousseau/PA Images via Getty Images)LIVERPOOL, England — U.K. opposition Labour Party Leader Keir Starmer on Tuesday promised "a decade of national renewal" during a keynote conference speech disrupted by a protester. The Labour leader opened his speech by promising "a decade of national renewal," a signal of the party's confidence of a generational shift in power after next year's General Election. "This Labour Party will fight the next election on economic growth. An economy that works for the whole country is what the British people want," he added, arguing that investment in national infrastructure was key to securing better distributed growth.

Persons: Sir Keir Starmer, Stefan Rousseau, Keir Starmer, Starmer, thrall Organizations: Labour Party Conference, Images, Labour Party, Labour, National, Great, Great British Energy Locations: Liverpool, LIVERPOOL, England, Great British, Scotland

The Supreme Court on Tuesday declined to hear arguments in a case challenging the Food and Drug Administration's authority to reject approvals of flavored electronic cigarettes. The FDA issues marketing denial orders to reject product applications. A spokesperson for the FDA did not immediately respond to a request for comment on the Supreme Court's decision. In 2016, the FDA determined that e-cigarettes were subject to its regulation, like traditional tobacco products. The agency gave companies until September 2020 to submit applications for approval of each of their vape products, even if they were already on the market.

Persons: Eric Heyer Organizations: Food, 4th Circuit U.S, Appeals, FDA, CNBC

☆ Voters in Hesse, Bavaria Seen Dealing Mid-Term Blow to Scholz's Coalition
▼ + stars: | 2023-10-08 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

By Sarah MarshBERLIN (Reuters) - Germany's opposition conservatives are expected to win another term in the Hesse and Bavaria state elections on Sunday, seen dealing a blow to Chancellor Olaf Scholz's center-left coalition and attesting to the rise of the far-right. So too has frustration with infighting in Scholz's heterogeneous three-way coalition of Social Democrats (SPD), the Greens and pro-business Free Democrats (FDP) mid-way through its term. "The coalition is suffering the mid-term blues and must reckon with losses," said Stefan Marschall, political scientist at the University of Duesseldorf. "The FDP in particular must reckon with falling out of both state parliaments which could bring greater tensions into the coalition. More striking is the fact the populist Free Voters (FW) party, which governs Bavaria in coalition with the CSU, has seen a bump in poll support of several percentage points to 15% since being swept up in an anti-semitic scandal.

Persons: Sarah Marsh BERLIN, Chancellor Olaf Scholz's, Stefan Marschall, Nancy Faeser, Sarah Marsh, Nick Macfie Organizations: Social Democrats, Greens, Free Democrats, University of Duesseldorf, Christian Social Union, CSU, Christian Democrats, CDU, Free Voters, FW, SPD, ARD Locations: Hesse, Bavaria, Germany, Bavarian

☆ Mexican liquors and beers are on the rise in the U.S. — here’s what’s driving the torrid growth
▼ + stars: | 2023-10-08 | by ( Stefan Sykes | ) www.cnbc.com time to read: +7 min

"Tequila has been such a national treasure here in Mexico," said Guilherme Espagnoli Martins, global brand director of Diageo-owned Don Julio Tequila. The Mexican beer boomIt's not just tequila and mezcal — Mexican beer is booming, too. Mexican beer imports into the U.S. are up 10.6% in 2023, according to alcohol research firm Bump Williams Consulting. watch nowA spokesperson for Constellation told CNBC that Mexican beer sales grew as Hispanic culture gained a stronger foothold around the world. Constellation on Thursday reported quarterly results that topped Wall Street estimates, driven by the surge in demand for its Mexican beer brands.

Persons: Mario Tama, Lea, Tequila, Guilherme Espagnoli Martins, Don Julio Tequila, Don Julio, George Clooney, Martins, Don, Don Julio Tequila Blanco, Bump, Bud Light, Cowen, Vivien Azer, InBev's Bud, Constellation's, Azer, Jonnie Cahill, Tecate, Cahill, Heineken's, It's, Dos Equis, Eduardo, Lalo, González, LALO Blanco Tequila, Don Julio González Organizations: Modelo Especial, Getty, U.S, Experts, Diageo, CNBC, Bump Williams Consulting, Mexico's Modelo Especial, Constellation, Modelo, Constellation Brands, Anheuser, Busch InBev, InBev's, Heineken USA, Cinco de Mayo, Dos, Corona Locations: Los Angeles , California, U.S, Mexico, The U.S, United States, British, Mexican, Modelo, Dos

BERLIN, Oct 8 (Reuters) - Germany's opposition conservatives are expected to win another term in the Hesse and Bavaria state elections on Sunday, seen dealing a blow to Chancellor Olaf Scholz's center-left coalition and attesting to the rise of the far-right. So too has frustration with infighting in Scholz's heterogeneous three-way coalition of Social Democrats (SPD), the Greens and pro-business Free Democrats (FDP) mid-way through its term. "The coalition is suffering the mid-term blues and must reckon with losses," said Stefan Marschall, political scientist at the University of Duesseldorf. "The FDP in particular must reckon with falling out of both state parliaments which could bring greater tensions into the coalition. More striking is the fact the populist Free Voters (FW) party, which governs Bavaria in coalition with the CSU, has seen a bump in poll support of several percentage points to 15% since being swept up in an anti-semitic scandal.

Persons: Chancellor Olaf Scholz's, Stefan Marschall, Nancy Faeser, Sarah Marsh, Nick Macfie 私 Organizations: Social Democrats, Greens, Free Democrats, University of Duesseldorf, Christian Social Union, CSU, Christian Democrats, CDU, Free Voters, FW, SPD, ARD Locations: Hesse, Bavaria, Germany, Bavarian

☆ Constellation Brands beats on earnings as Modelo-fueled beer momentum continues
▼ + stars: | 2023-10-05 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Constellation Brands on Thursday reported earnings and revenue that topped analysts' expectations for its fiscal second quarter of 2024. The Mexican beer powerhouse, owner of the Modelo Especial and Corona Extra brands, reported double-digit sales growth in its beer business as the division continues to dominate the overall beer and high-end categories. The Modelo brand family was a particular bright spot: Modelo Especial grew nearly 9%, while Modelo Chelada brands posted growth of more than 40%. The company's wine and spirits brands, however, underperformed year over year. In its previous quarter, beer sales rose 11% year over year driven by stable consumer demand and higher pricing.

Persons: Constellation's Meiomi, Kim Crawford, Campo, Bill Newlands Organizations: Constellation Brands, Modelo Especial, Corona, Constellation, LSEG, Modelo, Business Locations: Mexican, U.S

☆ Britain’s Sunak issues rallying cry for a party that is already planning life without him
▼ + stars: | 2023-10-04 | by ( Luke Mcgee | ) edition.cnn.com time to read: +11 min

While the party establishment loathes Farage, Conservative members greeted him with open arms and requests for selfies after he arrived on Monday afternoon. The Conservative Party has always been a broad church, with competing factions jostling for supremacy. But Conservative Party members are rather different to the general public. Supporters applaud as Britain's Prime Minister Rishi Sunak speaks during the Conservative Party annual conference on Wednesday. Bookmakers' odds on the next UK general election are displayed outside the Manchester venue for the Conservative Party Conference on October 4, 2023.

Persons: Rishi Sunak, Boris Johnson, Liz Truss, –, steadying, ” Sunak, Sunak, Nigel Farage, loathes Farage, Hannah McKay, Kemi Badenoch, don’t “, Justin Tallis, Jeremy Hunt, Jon Super, Brexit, Johnson, didn’t, “ He’s, ”, Braverman, Grant Shapps, Suella Braverman, James, Stefan Rousseau, Christopher Furlong, Rishi Organizations: England CNN — British, Conservative Party, Conservative, CNN, Conservatives, Euroskeptic, Independence Party, European Union, selfies, Britain's UK Independence Party, PM, Labour Party, European, Human, Labour, British, Getty, Conservative Party Conference Locations: Manchester, England, “, North, Midlands, London, Sunak

☆ Tilray Brands revenue jumps, losses narrow as it pivots away from cannabis
▼ + stars: | 2023-10-04 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

Cannabis producer Tilray Brands on Wednesday reported a jump in revenue as it diversifies its portfolio and moves deeper into the beer industry. The company reported $177 million in net revenue, up 15% year-over-year, for its fiscal first-quarter. Its cannabis division brought in $70 million in net revenue, reflecting a 20% spike year-over-year. It also narrowed its net loss to $55.9 million during the quarter, compared with a loss of $65.8 million a year earlier. The company said it grew cannabis revenue in Canada by 16.5%, and strengthened its leading market share position in the country to 13.4%.

Organizations: Tilray Brands Locations: Canada, U.S

☆ Ukraine counteroffensive: Winter is coming to Ukraine, but Kyiv is adapting its tactics
▼ + stars: | 2023-10-01 | by ( Tim Lister | ) edition.cnn.com time to read: +12 min

And Kyiv has dramatically increased long-range missile and drone attacks against Russian military hubs: command centers, fuel and ammunition supplies, transport hubs. There is anecdotal evidence of this from other sources, but not to the degree that the Russian military machine would be damaged. Alexander Ermochenko/ReutersBut just as they seek to degrade Russian air defenses, the Ukrainians have made strides in improving their own. “Our air defense system has become even more comprehensive and experienced … By the winter, it will become even stronger.”Energy production has increased too. Ryan, the former Australian general, says Ukraine’s western partners must recognize and plan for this.

Persons: Franz, Stefan Gady, Michael Kofman, they’ve, It’s, Oleksandr Tarnavsky, ” Tarnavsky, Fred Pleitgen, Tarnavsky, Tony Radakin, Ukraine’s, it’s, WarZone, Gen, Kyrylo Budanov, “, ” Tarnovsky, Oleksandr Ratushniak, ”, Mick Ryan, Futura, Timchenko, Alexander Ermochenko, Denys Shmyhal, Jens Stoltenberg, Antony Blinken, Ryan, outlast, Robert Rose, Sergei Supinsky, Max Boot, ” Boot, Vladimir Putin Organizations: CNN, ”, Russian, Black, Sea Navy, Planet Labs, US Army Tactical Missile, Defense Intelligence, Aviation, Reuters, UK Defense Ministry, Arms Army, CAA, IRIS, Energy, US, Firefighters, Getty, Council for Foreign Relations Locations: Ukraine, Kharkiv, Kherson, Ukrainian, ” Ukraine, Crimea, Sevastopol, Russian, Crimean, Moscow, Russia’s, Australian, Mariupol, Donbas, Europe, United States, AFP, Russia

☆ ADB approves $300 million loan to fund greening of Chinese coal city
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Sept 30 (Reuters) - The Asian Development Bank (ADB) said on Saturday it had approved a $300 million loan to an industrial city in a major Chinese coal-producing province to help "catalyse green" transformation of the city of 3 million people. The loan for Changzhi in the northern province of Shanxi will help fund a $665 million project, partly financed by the Chinese government, to reduce poverty, cut carbon emissions and improve urban liveability in a city that has long depended on coal, the ADB said. "Knowledge gained from the project will serve as a model for replication in other heavy-industry regions," ADB Principal Urban Development Specialist Stefan Rau said in a statement. As part of the project, Changzhi will build treated wastewater reuse facilities, put electric buses on roads and create bicycle-paths made from construction waste. Reporting by Ryan Woo; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Stefan Rau, Ryan Woo, William Mallard Organizations: Asian Development Bank, Changzhi, ADB, Urban, Thomson Locations: BEIJING, Shanxi, Manila

☆ Suspect in Rotterdam shootings had troubled past, targeted victims
▼ + stars: | 2023-09-29 | by ( Bart Biesemans | ) www.reuters.com time to read: +3 min

[1/4] FILE PHOTO-A general view shows the house of a victim of a shooting in Rotterdam, Netherlands, September 28, 2023. Law enforcement sources confirmed the 32-year-old suspect's name as Fouad L., with his surname not publishable under Dutch privacy laws. The prosecutor's spokesperson confirmed the authenticity of a letter from prosecutors to the EMC circulating on Dutch media. It described the suspect having "psychotic behaviour" and alcohol troubles as well as complaints from neighbours over his treatment of animals. Rotterdam's chief prosecutor Hugo Hillenaar said on Thursday the suspect had a history of police run-ins.

Persons: de, Prosecutors, Stefan Sleijfer, Fouad L, Roos Bonnier, Hugo Hillenaar, Toby Sterling, Anthony Deutsch, Philippa Fletcher Organizations: REUTERS, Rights, Erasmus University Medical Centre, EMC, Reuters, Erasmus Medical Center, Thomson Locations: Rotterdam, Netherlands, Rights ROTTERDAM

☆ The Art World Loves to Hate Him. He’s Building an Empire Anyway.
▼ + stars: | 2023-09-28 | by ( Kelly Crow | Photography Jack Bool For Wsj. Magazine | ) www.wsj.com time to read: 1 min

Art dealer Stefan Simchowitz has long been treated as persona non grata by the art world’s most important galleries and tastemakers. But you wouldn’t know it while wandering around the 11,000-square-foot Los Angeles warehouses where he stores his collection, one of the biggest private troves in the world.

Persons: Stefan Simchowitz Locations: Angeles

☆ Landmark marijuana financing bill set to move forward in the Senate
▼ + stars: | 2023-09-27 | by ( Stefan Sykes | ) www.cnbc.com time to read: +3 min

A new bill that aims to give the marijuana industry access to banking services is expected to move forward in the Senate on Wednesday. The bill would provide legal protection to banks or other financial institutions that offer services to state-legal marijuana businesses. The Senate Banking Committee will mark up the bill Wednesday, and the panel is expected to vote to advance it to the full chamber's floor. Even as 39 states have legalized marijuana for recreational or medical use, the sector has struggled to scale. The new bill includes stricter requirements for federal regulators, such as prohibiting them from terminating any marijuana-related accounts without "valid reason," or from denying banking services based on "personal beliefs or political motivations."

Persons: Jeff Merkley, Steve Daines, Kyrsten Sinema, Cynthia Lummis, Chuck Schumer, Ian Katz Organizations: U.S, Capitol, Washington , D.C, Sens, SAFE, Democratic, Republican, GOP, Capital Alpha Partners, Republicans Locations: Oregon, Washington ,

Turkey still has $2.5 billion earmarked in its budget for issuance this year - but could possibly go further than that, JPMorgan's Weiler told Reuters. Markets are expecting Turkey to come to market within days, though some are pointing to a country ratings review by S&P Global Ratings scheduled for Friday. Domestic appliance maker Arcelik last week became the first Turkish corporate to launch an international bond since January 2022. September is generally a busy month for emerging market issuers, though adding to the momentum was increasing risk appetite from investors, he said. Reporting by Karin Strohecker and Jorgelina do Rosario in London; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Stefan Weiler, Tayyip Erdogan, JPMorgan's Weiler, Weiler, Erdogan, Mehmet Simsek, Hafize Gaye Erkan, Fitch, " Weiler, Karin Strohecker, Jacqueline Wong Organizations: JPMorgan, Reuters, Wall Street, Turkiye, . Treasury, Thomson Locations: Ankara, Turkey, Africa, Rosario, London

☆ 'Taylor Swift: The Eras Tour’ concert film set for global theatrical release
▼ + stars: | 2023-09-26 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Taylor Swift performs onstage during her The Eras Tour concert at Lumen Field in Seattle, Washington, on July 22, 2023. Taylor Swift's highly anticipated concert film is getting a global release. "Been so excited to tell you all that The Eras Tour concert film is now officially coming to theaters WORLDWIDE on Oct 13!" "Taylor Swift: The Eras Tour" is set to screen in more than 100 countries, starting in most of them on Oct 13. Swift's successful foray into film comes after her The Eras Tour, along with other concert tours, filled stadiums across the country, boosting local economies.

Persons: Taylor Swift, Lumen, Taylor Swift's, Swift, Barbie, Mario, — CNBC's Sarah Whitten Organizations: AMC Entertainment, Odeon Cinemas, AMC, American, Mario Bros Locations: Seattle , Washington, U.S, Canada, Mexico, North America, Europe

Washington CNN —In her new book “Enough,” former White House aide Cassidy Hutchinson paints the closing days of the Trump White House as even more chaotic and lawless than she previously disclosed in her shocking televised testimony last summer. “We killed Herman Cain,” Meadows told Hutchinson and asked for his wife’s phone number. Unlike White House communications director Alyssa Farah, who resigned on December 3, 2020, or deputy White House press secretary Sarah Matthews, who left on January 6, 2021, Hutchinson remained. In the summer of 2017, Trump’s first year in office, Hutchinson was an intern in Sen. Ted Cruz’s office. It turns out, Hutchinson writes, that she coordinated with Farah, who is now a CNN political commentator, telling her everything she knew.

Persons: Washington CNN —, Cassidy Hutchinson, Donald Trump, Mark Meadows, Trump, Rudy Giuliani gropes Hutchinson, Kevin McCarthy, Joe Biden, “ Cass, ” Meadows, Hutchinson, Cassidy Hutchinson's, Simon, Schuster, Meadows, “, ” Hutchinson, Herman Cain, Covid, furtively, Hunter Biden, Tony Bobulinski, Mark ’ Meadows, National Intelligence John Ratcliffe, Tom Brenner, McCarthy, Ken Paxton, ” Trump, Trump . Hutchinson, Devin Nunes, “ Mark doesn’t, ”, Tony Ornato, Mike Flynn, Sidney Powell, Patrick Byrne, Derek Lyons, Brad Raffensperger, Pat Cipollone, Cipollone, Tony, –, ” Ornato, They’re, Giuliani, Rudy Giuliani, Brendan Smialowski, Alyssa Farah, Sarah Matthews, Donald Trump’s, Hey Cass, Kimberly Guilfoyle’s, ‘, ’, Kayleigh McEnany, Wisconsin Tom Brenner, Trump’s, Sen, Ted Cruz’s, didn’t, Stefan Passantino, Passantino, “ Stefan, Andrew Harnik, Farah, Liz Cheney, Jobs Organizations: Washington CNN, White, Trump White House, Trump, Capitol, White House, GOP, CNN, Secret Service, Republican National Committee, National Intelligence, Texas, Meadows, Georgia, State, Biden, Capitol Hill, Getty, Team Trump, Legislative Affairs, Press, Air Force, Texas Republican Locations: Tulsa , Oklahoma, North Carolina, Meadows, Fulton, Georgia, AFP, Russia, you’re, California, Wisconsin, Texas, Florida

☆ EU car group calls for urgent action on post-Brexit trade rules
▼ + stars: | 2023-09-24 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

Puzzle with printed EU and UK flags is seen in this illustration taken November 13, 2019. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSept 25 (Reuters) - The European Union and Britain need to take urgent action to postpone rules for electric vehicles traded between the bloc and the UK that will trigger 10% tariffs, Europe's car industry group said on Monday. Under the EU-UK post-Brexit trade deal, EVs need to have 45% EU or UK content from 2024, with a 50%-60% requirement for their battery cells and packs, or face British or EU import tariffs of 10%. The ACEA has said the rules could cost carmakers up to 4.3 billion euros ($4.57 billion) in tariffs and hit output. In June, Stefan Fuehring, a European Commission official overseeing the post-Brexit EU-UK trade agreement, said the EU rules of origin were "fit for purpose" and that the bloc was not considering changing them.

Persons: Dado Ruvic, Luca de Meo, Stefan Fuehring, Nick Carey, Barbara Lewis Organizations: REUTERS, European Union, Automobile Manufacturers ' Association, Renault, EU, Ford, European Commission, Thomson Locations: Britain, British, EU

☆ Rupert Murdoch's 2023 pay at Fox swells 24% to $22.9 million
▼ + stars: | 2023-09-22 | by ( ) www.reuters.com time to read: +1 min

Media mogul Rupert Murdoch leaves his home in London, Britain March 4, 2016. Murdoch wed former supermodel Jerry Hall in a low-key ceremony in central London on Friday, the fourth marriage for the media mogul. REUTERS/Stefan Wermuth/File Photo Acquire Licensing RightsCompanies Fox Corp FollowNews Corp FollowSept 22 (Reuters) - Fox Corp's (FOXA.O) former chairman Rupert Murdoch's total compensation for 2023 climbed more than 24% to $22.9 million, a regulatory filing showed on Friday. At Fox, his 2023 compensation includes an annual base salary of $5 million and about $7.6 million in stock awards and options. Lachlan's compensation at Fox stands at $21.8 million for 2023, little changed from last year's $21.7 million.

Persons: Rupert Murdoch, Murdoch, Jerry Hall, Stefan Wermuth, Fox, Rupert Murdoch's, Lachlan Murdoch, Tony Abbott, Peggy Johnson, Deborah Sophia, Pooja Desai Organizations: Companies Fox Corp, News Corp, Fox, Tony Abbott AC, Thomson Locations: London, Britain, Bengaluru

Ukraine breached Russia's defensive line on Wednesday and was able to deploy vehicles past it. It was a major achievement, but analysts said Russia would respond with a harsh counterattack. It was a major dent in the so-called "Surovikin Line", but there are more layers of defense to go. AdvertisementAdvertisement"This is the first major crack in their defense … of course, the Russians should be worried," he said. An official cited by the state-run RIA Novosti agency said that Ukraine had tried to breach Russia's lines but was forced to retreat.

Persons: Marina Miron, Franz, Stefan Gady, Gady, Michael Kofman, Kofman, — Johan Huovinen Organizations: Service, Ukrainian, Department of, King's College London, Street, Institute for International Strategic Studies, Carnegie Endowment, International Peace, Swedish Defense University, RIA Locations: Ukraine, Russia, Wall, Silicon, Verbove, Zaporizhzhia

BERLIN (AP) — Germany hired Julian Nagelsmann to lead the men’s national soccer team on Friday, entrusting the former Bayern Munich coach with doing a better job than the last Bayern Munich coach who tried. Political Cartoons View All 1173 ImagesNagelsmann previously took over from Flick when he became Bayern coach in 2021 with Flick leaving to coach the national team. Germany national team sporting director Rudi Völler took over as interim coach and oversaw a morale-boosting 2-1 win over France in its next game. Völler, who was Germany coach from 2000-04, had made clear he only ever wanted to take over again on a temporary basis. Before coaching Bayern, Nagelsmann enjoyed success in charge of Leipzig and Hoffenheim, where he became the youngest coach in the Bundesliga in 2016.

Persons: —, Julian Nagelsmann, Nagelsmann, Otto Nerz, Hansi Flick, Flick, wasn’t, Joachim “ Jogi, Löw, Rudi Völler, Lothar Matthäus, Stefan Effenberg, Michael Ballack, Louis van Gaal, ___ Organizations: BERLIN, Bayern Munich, ”, Bayern, Bayern —, Germany, France, Hoffenheim, Bundesliga Locations: — Germany, German, Germany, Japan, Bavarian, United States, East Hartford , Connecticut, Mexico, Philadelphia, Austria, Vienna, Leipzig

☆ Rupert Murdoch: the billionaire mogul at the helm of a global media empire
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +3 min

Media mogul Rupert Murdoch leaves his home in London, Britain March 4, 2016. Murdoch wed former supermodel Jerry Hall in a low-key ceremony in central London on Friday, the fourth marriage for the media mogul. REUTERS/Stefan Wermuth/File Photo Acquire Licensing RightsSept 21 (Reuters) - Rupert Murdoch stepped down as the chairman of Fox Corp (FOXA.O) and News Corp (NWSA.O) on Thursday, ending a long reign that saw him develop and lead a global media empire. SPLIT OF THE MURDOCH EMPIREBowing to pressure from shareholders, Murdoch separated News Corp's (NWSA.O) publishing and entertainment assets in 2013. Murdoch reportedly has an unflattering opinion of the former president and has also criticized Fox News anchors for siding with Trump.

Persons: Rupert Murdoch, Murdoch, Jerry Hall, Stefan Wermuth, Ann Lesley Smith, Michael Bloomberg, Donald Trump, Niket Nishant, Noor Zainab Hussain, Saumyadeb Organizations: Fox Corp, News Corp, Daily Express, San, Murdoch's, New York Times, Fox News, Trump, Forbes, Thomson Locations: London, Britain, Australia, United States, U.S, New York City, San Francisco, Bengaluru

☆ Sweden's central bank raises rates to 4%, in line with expectations
▼ + stars: | 2023-09-21 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +2 min

Sweden's central bank hiked interest rates for the eighth consecutive time on Thursday, taking the main rate to 4%, as the country continues to battle high inflation. The quarter-point increase is in line with the expectations of analysts polled by Reuters. Sweden's headline inflation, which excludes energy costs, slowed more than expected last month, coming to 7.2% for the month of August, according to Statistics Sweden. The Swedish economy is "going in the right direction," the central bank said in a statement, while nevertheless highlighting that inflationary pressures "are still too high." Stefan Ingves, former central bank governor, in January warned that Sweden was facing its "day of reckoning," as house prices plummeted and the wider economy stuttered.

Persons: Stefan Ingves, I've, Ingves Organizations: Reuters, Statistics Sweden, U.S Locations: Swedish, Sweden

☆ Ukraine trolls Russia for losing an attack submarine to a country that hardly has a navy
▼ + stars: | 2023-09-21 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

A new video from Ukraine's defense ministry pokes fun at Russia for losing the Rostov-on-Don submarine. The video trolls Russia for losing a submarine "in a land war" to a country "without many warships." The video, posted on X, formerly known as Twitter, by the Ministry of Defense of Ukraine, pokes fun at Russia for having "lost a submarine in a land war." "Well, among other things... we're a country without many warships, and we just destroyed a Russian submarine." And, according to warfare expert Franz-Stefan Gady, it's the first combat loss of a Russian submarine since 1945.

Persons: Russia, Don, Franz, Stefan Gady, they'd, — Organizations: Russia, Rostov, Service, Ministry of Defense, —, Moscow, Russia's Ministry of Defense, Russian, Sea Fleet, Moskva, US Army Locations: Rostov, Sevastopol, Wall, Silicon, Ukraine, Russia, we're, Russian, Minsk, Crimea, Olekivka, Yevpatoriya

The lawsuit also alleged that a backstage manager on the tour sent a photo “graphically depicting male genitalia” to a group text message that included the plaintiff, tour management and other crew members; the lawsuit said the singer’s management failed to properly address the message, responding to it with humor in a way that encouraged an “unsafe, sexually charged workplace culture.”The plaintiff also said she was subjected to long hours and frequently denied breaks, alleging that Nomura required her to be on her feet all day despite an ankle injury. Attempts to reach Nomura on Thursday were not immediately successful. In response to the lawsuit, a spokesman for Lizzo, Stefan Friedman, said that Daniels never had any contact with the pop star during her time with the tour. “As Lizzo receives a humanitarian award tonight from the Black Music Action Coalition for the incredible charitable work she has done to lift up all people, an ambulance-chasing lawyer tries to sully this honor by recruiting someone to file a bogus, absurd publicity-stunt lawsuit,” Friedman said. He went on, “We will pay this as much attention as it deserves.

Persons: Nomura, Lizzo, Stefan Friedman, Daniels, sully, ” Friedman, ” Organizations: Nomura, Black Music, Coalition

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