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☆ Harvard's president resigning means more drama for other universities
▼ + stars: | 2024-01-03 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at the resignation of another Ivy League president and the knock-on effect it'll have on education in the US. The big storyIvy League issuesBrian Snyder/ReutersClaudine Gay's tenure as Harvard president wasn't long, but it won't be forgotten. Alan Garber, Harvard's provost and chief academic officer, will serve as interim president, the school's board announced. Gay is the second Ivy League president to step down in less than a month, following in the footsteps of former Penn president Elizabeth Magill. Harvard president Claudine Gay Kevin Dietsch/Getty ImagesGay and Magill's departures highlight the tension between businesses and prestigious universities and the former's influence over the latter.

Persons: —, Bob Marley, John Wick, Brian Snyder, Claudine Gay's, wasn't, Gay, Alan Garber, Harvard's, Elizabeth Magill, Magill, Sally Kornbluth, Bill Ackman, Claudine Gay Kevin Dietsch, Business Insider's Paul Squire, Lucas Jackson, Tesla, Goldman, Tyler Le, it's, Warren Buffett, Greta Thunberg, Florence Pugh, Mel Gibson, J.R.R, Tolkien, Eli Manning, Max Willcocks, Dan DeFrancesco, Diamond Naga Siu, Hallam Bullock, Jordan Parker Erb, Hayley Hudson, Lisa Ryan Organizations: Service, Ivy League, Business, Harvard, Ivy, Penn, Gay, MIT, GOP, Big Tech, Apple, Microsoft, Nvidia, Meta, Boston Consulting Group, Cushman & Wakefield, LinkedIn, SAP, Verizon Consumer Group, EV, Elon, Jiji Press, Japan Airlines, New York Locations: China, Jisoo, New York, San Diego, London, Edinburgh

REUTERS/Russell Cheyne/File Photo Acquire Licensing RightsSummaryCompanies Saudi Arabia's PIF buys into Rocco Forte hotel groupPlans to help expand luxury hotel groupItalian investor CDPE checks out of chainDec 4 (Reuters) - Saudi Arabia's PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the owner of Britain's Balmoral hotel said on Monday. A spokesperson for Rocco Forte Hotels declined to confirm the size of PIF's stake. Rocco Forte Hotels, founded in 1996, operates across Italy, Britain, Germany, Belgium and Russia and has 20 private villas in addition to its hotels. CDPE, which owned a 23% stake in Rocco Forte Hotels, is owned by Italy's state-backed fund CDP. Rocco Forte, which was advised by Rothschild, reported revenues of around 300 million pounds last fiscal year, with a core profit of around 60 million pounds, according to a source.

Persons: Russell Cheyne, Companies Saudi Arabia's PIF, Rocco Forte, CDPE, Olga Polizzi, Forte, Rocco Forte Hotels, Al Nowaiser, PIF, Rothschild, Yadarisa, Elisa Anzolin, Keith Weir, Dhanya Ann Thoppil, Nivedita Bhattacharjee, Alex Richardson Organizations: REUTERS, Companies Saudi Arabia's, Saudi Arabia's, Rocco Forte Hotels, Financial Times, Granada, Thomson Locations: Balmoral, Scotland, Edinburgh, Britain, Saudi, Italy, Germany, Belgium, Russia, Milan, Sardinia, Italy's, SAUDI ARABIA, Saudi Arabia, Bengaluru, London

CNN —King Charles has worn a tie emblazoned with the Greek flag, just days after the British Prime Minister Rishi Sunak canceled a meeting with his Greek counterpart in a diplomatic dispute over the Parthenon Sculptures, also known as the Elgin Marbles. The King wore the tie while meeting world leaders – including Sunak – at the COP28 climate talks in Dubai on Friday. A Buckingham Palace source told CNN the tie was simply one from the King’s current collection and has made other recent appearances. Greek Prime Minister Kyriakos Mitsotakis was due to meet Sunak in London on Tuesday. However the meeting was abruptly canceled by Downing Street after Mitsotakis made comments during a television interview about the status of the Parthenon Sculptures, which are currently housed in the British Museum in London.

Persons: King Charles, Rishi Sunak, Sunak –, Kyriakos Mitsotakis, Mitsotakis, Lord Elgin, ”, Charles ’, Prince Philip of Greece, Queen Elizabeth II, Duke, Edinburgh Organizations: CNN, British, Elgin Marbles, Sunak, Downing, British Museum, BBC, CNN’s Royal, British Prime Locations: Dubai, Buckingham, London, Greece, British, Athens, Ottoman Empire, Corfu, Denmark

☆ Madonna Lived to Tell
▼ + stars: | 2023-12-01 | by ( Guy Trebay | ) www.nytimes.com time to read: +2 min

The account, The AIDS Memorial, is an evolving testament, told in photographs, videos and user stories, to lives lost to a devastating and, it can occasionally seem, forgotten epidemic. To date, Mr. Armstrong has posted more than 11,000 of these tales, and if you are aware of them at all, that may owe to one woman: Madonna. The 65-year-old singer was early among the 269,000 followers of The AIDS Memorial. And, if it did not inspire her outright, the Instagram account served as the basis for a showstopping element of her current “Celebration” tour, which comes to Barclays Center in mid-December. By extension, Madonna’s choice to deploy the montage early in each “Celebration” performance as a backdrop for a rendition of the 1986 song “Live to Tell” is as politically trenchant as it is deeply personal.

Persons: Stuart Armstrong, Armstrong, Sarah Schulman —, —, Martin Burgoyne Organizations: Barclays Center, World Health Organization, The Locations: Edinburgh, York, British

Even including the sale of Heathrow, this year is the slowest for airport transactions in the past decade, totalling $5.9 billion globally to date, according to Dealogic data. They have hired Mediobanca (MDBI.MI) and Credit Agricole (CAGR.PA) to find a buyer for a sale of their 49% stake in the company, the people said. Heathrow's sale valued the airport at 14.3 times EBITDA, according to JP Morgan analysis published on Wednesday. UK's Esken (ESKN.L), owner of regional Southend Airport, said in June it had started a process for the sale of the airport. On Thursday, Hungary's state-owned Corvinus and Vinci Airports notified the European Commission of a proposed joint takeover of Budapest's airport, according to a document posted on the EU website.

Persons: Andras Kranicz, GIP, Australia's Macquarie, Spain's, Ferrovial, Agata Lyznik, Mediobanca, Gianni, Origoni, Nico Torrisi, Morgan, UK's, France's Vinci, Vinci, Corvinus, Emma, Victoria Farr, Andres Gonzalez, Elisa Anzolin, Joanna Plucinska, Mathieu Rosemain, Anousha Sakoui, Elaine Hardcastle Organizations: LONDON, Heathrow, BNP, Global Infrastructure Partners, AGS Airports, Southampton, Australia's, International, ACI, Airports, Macquarie, Credit Agricole Assurance, 2i, Credit, SAC, Gatwick, Southend Airport, Global Infrastructure Fund, Vinci Airports, European Commission, EU, Thomson Locations: Edinburgh, Italy, FRANKFURT, Spanish, Europe, Aberdeen, Glasgow, Heathrow, France, Hungary's, Budapest's

A Salesforce sign is seen during the company's annual Dreamforce event, in San Francisco, California November 18, 2013. REUTERS/Robert Galbraith/File Photo Acquire Licensing RightsNEW YORK, Nov 30 (Reuters) - Salesforce Inc's (CRM.N) stock jumped by about 10% on Thursday to a nearly two-year high after the U.S. cloud and business software company reported stellar third quarter results underpinned by strong demand for its services. Salesforce's revenue of $8.72 billion and adjusted profit of $2.11 per share beat Wall Street expectations, the company reported after the closing bell on Wednesday. Reuters GraphicsMultiple analysts, including from Morgan Stanley, Evercore, Wells Fargo, and Deutsche Bank, raised their price target for Salesforce's shares following the results. Reporting by Chibuike Oguh in New York; Editing by Lance Tupper and Nick ZieminskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Robert Galbraith, Morgan Stanley, Brad Sills, Chibuike Oguh, Lance Tupper, Nick Zieminski Organizations: REUTERS, Reuters Graphics, Deutsche Bank, Global Research, Thomson Locations: San Francisco , California, U.S, Evercore, Wells Fargo, Salesforce, New York

☆ Alistair Darling, Guiding Hand in Britain’s Financial Crisis, Dies at 70
▼ + stars: | 2023-11-30 | by ( Alan Cowell | More About Alan Cowell | ) www.nytimes.com time to read: +1 min

Alistair Darling, a British lawmaker and cabinet minister who played a leading role in his country’s response to the 2008 global financial crisis, rescuing troubled banks with huge injections of public money that staved off a broader economic collapse, died on Thursday at a hospital in Edinburgh. Darling became “best known as the steady pair of hands who shepherded the U.K. economy as half its banking system collapsed,” noting his moves to rescue British banking giants, especially the Royal Bank of Scotland. Just before the crisis, in 2007, Gordon Brown, Britain’s Labour prime minister at the time, elevated Mr. Darling to chancellor of the Exchequer, the government’s most senior official in charge of the nation’s finances. Darling had held a series of government offices at the Treasury and at ministries dealing with welfare, pensions, trade and transport.

Persons: Alistair Darling, Darling, Gordon Brown Organizations: Lehman Bros, BBC, Royal Bank of Scotland, Labour, Treasury Locations: British, Edinburgh, United States

[1/2] Former UK finance minister (Chancellor of the Exchequer), Alistair Darling, poses for a photograph in Edinburgh, Scotland, Britain, Aug 31, 2018. REUTERS/Russell Cheyne/File Photo Acquire Licensing RightsLONDON, Nov 30 (Reuters) - Former British finance minister Alistair Darling, who steered the country's economy and banking system through the shock of the global financial crisis in 2007-08, has died aged 70 after undergoing treatment for cancer, his family said on Thursday. Darling was named chancellor of the exchequer by former prime minister Gordon Brown in June 2007, just as the crisis was brewing at leading financial institutions. "I never met anyone who didn't like him," Brown's predecessor as prime minister, Tony Blair, said. "Darling's passing is a huge loss to us all," said Britain's present prime minister Rishi Sunak, from the centre-right Conservative party.

Persons: Alistair Darling, Russell Cheyne, Darling, Gordon Brown, Brown, Margaret, Calum, Anna, Tony Blair, Lehman, Rishi Sunak, Muvija, Kate Holton, Andrew Heavens Organizations: REUTERS, Royal Bank of Scotland, Lloyds TSB, Labour Party, Treasury, Western General Hospital, Loretto School, Aberdeen University, The Guardian, Lehman Brothers, Conservative, Thomson Locations: Edinburgh, Scotland, Britain, British, United Kingdom

☆ Britain Says Bye-Bye to Its Only Pandas as They’ll Soon Depart for China
▼ + stars: | 2023-11-29 | by ( Eduardo Medina | More About Eduardo Medina | ) www.nytimes.com time to read: +1 min

On Wednesday, crowds gathered to say goodbye and catch one final look at Yang Guang and Tian Tian, who for 12 years have enraptured millions of visitors and residents of Edinburgh. “We’ve flown up for the day; we must be mad,” Lauren Darling, who recently visited the zoo, told The Telegraph. But American zoo officials and scientists said that it came down to biology, or “panda time,” since the three pandas should be going back to China because they are at an advanced age. A similar reason was cited by the Royal Zoological Society of Scotland. The pandas, the zoo said, arrived in Edinburgh in December 2011 as part of a 10-year arrangement between the organization’s charity and the China Wildlife Conservation Association, which allowed them to keep the pandas an extra two years because of the pandemic.

Persons: Yang Guang, Tian Tian, “ We’ve, ” Lauren Darling, It’s, Rebecca Plant Organizations: Telegraph, National Zoo, Royal Zoological Society of Scotland, China Wildlife Conservation Association Locations: Edinburgh, Britain, Washington, China

NEW YORK, Nov 29 (Reuters) - Shares of German sandal maker Birkenstock (BIRK.N) extended their gains on Wednesday, hitting the initial public offering price for the first time, following a buoyant holiday shopping season. The company's shares opened at $41 on Oct. 11 and have traded below the IPO price of $46 and dropped to as low as $35.83 just days after listing. The median price target of the 17 analysts covering Birkenstock is $47.21 and the current recommendation is "buy", according to LSEG data. Birkenstock is heavily shorted, with 5.71 million shares worth roughly $259 million having short interest, according to data and analytics firm Ortex. About 32.3 million shares were sold on the IPO.

Persons: Bernard Arnault, Louis Vuitton Moet Hennessy, Chibuike Oguh, Medha Singh, Lance Tupper, Lisa Shumaker Organizations: Birkenstock, Arm Holdings, U.S, Thomson Locations: Birkenstock, French, New York, Bengaluru

☆ Britain bids farewell to its only giant pandas after 12 years
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

Zookeepers have spent the last few weeks making sure the two pandas, Yang Guang and Tian Tian, are used to crates in preparation for their long journey, expected at some point in early December. [1/4]Yang Guang, one of the giant pandas at Edinburgh Zoo, eats bamboo stalks in its enclosure, in Edinburgh, Britain, November 29, 2023. REUTERS/Lesley Martin Acquire Licensing Rights"Yang Guang and Tian Tian have had an incredible impact by inspiring millions of people to care about nature," he said in a statement. The return of the Edinburgh bears to China comes as a number of giant pandas have also headed home from the U.S., part of a fading legacy in which giant pandas served as animal ambassadors. That began in 1972, when the government of China presented two giant pandas as gifts to the U.S. after President Richard Nixon's historic Cold War visit to the communist country.

Persons: Zookeepers, Yang Guang, Tian Tian, David Field, Lesley Martin, Richard Nixon's, Washington's, Sarah Young, Jan Harvey Organizations: Edinburgh Zoo, Royal Zoological Society of Scotland, China Wildlife Conservation Association, REUTERS, Edinburgh, Thomson Locations: China, Edinburgh, Britain, U.S, Memphis, San Diego

☆ A pilot landed a plane in the wrong city, nearly 200 miles from where it was supposed to be: report
▼ + stars: | 2023-11-27 | by ( Marielle Descalsota | ) www.businessinsider.com time to read: +4 min

A pilot landed a flight in a city some 198 miles from its intended destination. Passengers said the pilot announced he had received the wrong flight path. AdvertisementA pilot on a Nigerian airline landed a plane in a city nearly 200 miles away from its intended destination, local news outlet The Cable reported on Saturday. Apparently, our pilot was given wrong flight plan from Lagos," he wrote. And in 2019, a British Airways flight bound for Düsseldorf, Germany, mistakenly landed in Edinburgh, Scotland after the airline filed the wrong flight plan.

Persons: —, we've, they'd Organizations: Passengers, United Nigeria Airlines, Service, . United Nigeria Airlines —, New, United, United Nigeria Airline, Google, Cable, Business Locations: Nigerian, West, Lagos, Abuja, Asaba, New York City, Washington ,, United Nigeria, @flyunitedng

☆ Blackstone Nears $2.5 Billion Deal to Buy Software Developer Civica
▼ + stars: | 2023-11-21 | by ( Ben Dummett | ) www.wsj.com time to read: 1 min

Blackstone’s tie-up with Civica, if completed, could be announced as soon as Wednesday. Photo: jeenah moon/ReutersBlackstone is in advanced talks to buy Civica in a deal valuing the U.K.-based software developer at close to $2.5 billion including debt, according to people familiar with the matter. The tie-up, if completed, could be announced as soon as Wednesday. It would mark Blackstone’s latest bet in the U.K. following its recent purchases of two hotels—one in Birmingham and another outside of Edinburgh—and a project to build affordable housing across the U.K.

Persons: Blackstone, Edinburgh — Locations: Birmingham, Edinburgh

☆ Mongolia urges Russia, other nations to return cultural artefacts
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

Two Gallimimus dinosaur skeletons are on display during a repatriation ceremony at the United States Attorney's Office of Southern District in New York July 10, 2014. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsBEIJING, Nov 20 (Reuters) - Mongolia on Monday called for more support from Russia, Britain and other countries to repatriate hundreds of cultural artefacts, some dating back over two millennia. In recent decades, many countries, including former colonies of European empires, have requested the return of cultural and historical artefacts taken away years ago, many of which are housed in museums reluctant to surrender their collections. Mongolia has made some headway in claiming back its cultural artefacts. Earlier this year, the United States returned dinosaur fossils taken out of Mongolia, including the skull of an alioramus, a smaller version of a tyrannosaurus rex that lived 70 million years ago.

Persons: Eduardo Munoz, Mongolia's, Rashid al, Din, Nomin Chinbat, Pyotr Kozlov, Chinbat, Ryan Woo, Miral Organizations: United States Attorney's Office, Southern, REUTERS, Rights, British Library, Museum of Edinburgh, Mongolia's, Thomson Locations: Southern District, New York, Rights BEIJING, Mongolia, Russia, Britain, China's, London, Persian, Persia, United States, Russian

☆ Fact Check: SNP’s Westminster leader held his Remembrance Sunday wreath correctly
▼ + stars: | 2023-11-20 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

Comparison online of the way Britain’s party leaders held their poppy wreaths on Remembrance Sunday has sparked a false claim that the Scottish National Party’s (SNP) Westminster leader Stephen Flynn held his garland upside down. In an X post (archived) on Nov. 14, Flynn said his wreath was made by Lady Haig’s Poppy Factory in Edinburgh, Scotland. Lady Haig’s Poppy Factory told Reuters that the card was placed at the bottom of the wreath. There are also differences in the designs of poppies, the Scottish National War Memorial spokesperson said. Stephen Flynn held his wreath the correct way up on Remembrance Sunday, according to the wreath maker, who said the card was deliberately placed at the bottom.

Persons: Stephen Flynn, Flynn, Ed Davey, Keir Starmer, Rishi Sunak, Lady Haig’s, Lady Haig’s Poppy, Pam Gosal, Jackson Carlaw, Read Organizations: Scottish National, Facebook, Liberal, Conservative Party, Memorial, Reuters, Lady Haig’s Poppy Factory, Scottish, Thomson Locations: Scotland, England, Edinburgh

☆ Eagle-eyed buyer made over $120,000 after discovering old Range Rover probably belonged to Queen Elizabeth II
▼ + stars: | 2023-11-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

A Range Rover was sold for $165,000 after evidence emerged that it probably belonged to Queen Elizabeth II. AdvertisementA 2004 Range Rover with suspected ties to Her Majesty Queen Elizabeth II has shattered auction records, selling for $165,000. The auction's outcome was more than double the pre-sale estimate of £60,000, or $75,000 — 10 times the usual price for a second-hand Range Rover that old. AdvertisementBefore the video's discovery, the only original ownership information was a letter from Jaguar Land Rover, which builds the Ranger Rover, identifying warranty recalls in July 2004 at a Land Rover dealer in London's high-end Mayfair district and one in Aberdeen, Scotland. Prince Philip, Duke of Edinburgh, spent 16 years designing his own hearse: a modified Land Rover.

Persons: Queen Elizabeth II, Historics Auctioneers, —, HRH Prince Phillip, The Duke, Edinburgh, Tim Graham, Historics, Historics Auctioneers Rob Hubbard, Duke, Prince Philip , Duke of Edinburgh Organizations: Service, Rover, Jaguar, Land Rover, Scottish Highlands, Windsor Horse, Royal Windsor Horse, Getty, Vehicle, Epsom, Rovers Locations: Birmingham, Mayfair, Aberdeen, Scotland, Balmoral, Scottish, Windsor , England, Epsom Green, Windsor

☆ What King Charles’ birthday celebrations tell us about his priorities
▼ + stars: | 2023-11-17 | by ( Lauren Said-Moorhouse | Max Foster | ) edition.cnn.com time to read: +3 min

This theme is something King Charles III adopted from the earliest moments of his reign. The latest cover of The Big Issue features a portrait of King Charles III, taken by celebrated British photographer Rankin to mark the launch of the Coronation Food Project. On Monday, King Charles shared his celebrations with others who were also turning 75. Another signal of the King’s birthday theme of public service came from a change you may have missed this past week. Meanwhile, the Prince of Wales’s Charitable Fund will be known as the King Charles III Charitable Fund going forward.

Persons: didn’t, King Charles III, Charles ’, Queen Camilla, Rankin, Charles, Victoria Jones, ” Charles, Prince Harry, King Charles, Prince Organizations: CNN’s Royal, London CNN —, Food, Rankin, Rankin Creative, Edinburgh, Piccadilly, Buckingham Palace, National Health Service, Clarence House, Prince’s, King’s, Wales’s, King Charles III Charitable Locations: London, British, Buckingham, California, Highgrove , Gloucestershire, Wales

An electric vehicle charge station by ChargePoint, Inc. is seen in Manhattan, New York, U.S., December 8, 2021. REUTERS/Andrew Kelly Acquire Licensing RightsNEW YORK, Nov 17 (Reuters) - ChargePoint Holdings' (CHPT.N) stock slumped by nearly 38% to a record low on Friday after the electric vehicle (EV) charging network slashed its third quarter revenue forecast and replaced key executives. California-based ChargePoint also announced that longtime Chief Executive Pasquale Romano will be replaced by Rick Wilmer, its chief operating officer, effective immediately. The shares of other major EV charging network providers besides ChargePoint were also trading lower. But they downgraded the company to "perform" from "outperform" citing the executive departures, choppy demand, and "potential for further organizational changes."

Persons: Andrew Kelly, ChargePoint, Pasquale Romano, Rick Wilmer, Rex Jackson, Mansi Khetani, Cowen, Oppenheimer, Needham, ChargePoint F3Q, Bill Peterson, bode, Colin Rusch, Chibuike Oguh, Lance Tupper, David Evans Organizations: ChargePoint, REUTERS, ChargePoint Holdings, Reuters Graphics, JPMorgan, EV, EVgo, Thomson Locations: Manhattan , New York, U.S, North America, Europe, California, New York

A smartphone with a displayed Intel logo is placed on a computer motherboard in this illustration taken March 6, 2023. Mizuho upgraded Intel's stock to "buy" from "neutral" and raised its price target on the shares to $50 from $37. Intel shares rose as high as $43.39, the highest since June 2022, and closed up 6.7% to $43.35 on Thursday. "We believe (Intel) is lining up significant new server product launches and foundry customer announcements in the next six months," the analysts wrote. Intel competes for market share with other prominent chipmakers including Nvidia (NVDA.O), Broadcom Inc (AVGO.O), Advanced Micro Devices (AMD.O), and Samsung Electronics (005930.KS).

Persons: Dado Ruvic, Vijay Rakesh, Chibuike Oguh, Purvi Agarwal, Toby Chopra, Bill Berkrot Organizations: REUTERS, Intel, Mizuho Securities, Mizuho, Nvidia, Broadcom Inc, Devices, Samsung Electronics, Thomson Locations: New York, Bengaluru

NEW YORK, Nov 14 (Reuters) - Shares of Fisker Inc (FSR.N) fell by more than 24% to an all-time low on Tuesday after the electric-vehicle startup slashed its production targets as it struggles to ramp up deliveries. Multiple Wall Street analysts, including from Barclays, Evercore and Cowen, slashed their price target on Fisker's shares after its revised production forecast. The median price target of the 14 analysts covering the stock is $6.50, down from $8 a month ago, and their current recommendation is "hold", according to LSEG data. Unlike other EV makers, Fisker has outsourced its vehicle production to Canadian auto part supplier Magna International (MG.TO). Nelson reiterated his "strong sell" rating and halved his 12-month price target from $2 to $1.

Persons: Fisker's, Cowen, Fisker, John Finnucan, Ihor, Garrett Nelson, Nelson, Chibuike Oguh, Akash Sriram, Lance Tupper, Susan Fenton Organizations: Fisker Inc, Street, Barclays, Evercore, Magna International, S3 Partners, Thomson Locations: Fisker, New York, Bengaluru

☆ I traveled around Luxembourg, one of the world's wealthiest and most sustainable countries. I found 2 ways I can make my next visit more eco-friendly.
▼ + stars: | 2023-11-14 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +7 min

It is known for its sustainable practices, including free public transport. I was especially looking forward to free travel by train as it's more sustainable than flying or driving. Met a representative from Visit Luxembourg for a walking tour and lunch at a local restaurant. In comparison, my flight from Edinburgh took about five hours, not including travel time to the airport. Meanwhile, the Visit Luxembourg spokesperson suggested seeking accommodation within or close to Benu Village, an ecovillage in Esch-sur-Alzette (about a 20-minute drive to Luxembourg City), which is being built using recycled materials.

Persons: —, Mikhaila Friel, Nina Karnikowski, Chateau d'Urspelt, Chateau, Le Royal, Karnikowski, Sloow Organizations: Service, Visit, Le Royal, Met, Visit Luxembourg, Eurostar, Luxembourg City, Edinburgh, Le, d'Urspelt, Luxembourg's, Tourism Locations: Luxembourg, Vianden, Visit Luxembourg, Australian, Edinburgh, Scotland, London, Chateau, Ettelbruck, Chateau d'Urspelt, Brussels, Belgium, Luxembourg City, Domenico Palace, Sicily, Esch

REUTERS/Brendan McDermid Acquire Licensing RightsNEW YORK, Nov 13 (Reuters) - Shares of financial services firm B. Riley (RILY.O) plummeted nearly 35% on Monday, extending losses for the fourth consecutive session, after it disclosed unrealized investment losses and S&P Global Ratings downgraded a key asset. That markdown resulted in B. Riley reporting a net loss of $75.8 million in the third quarter, compared with a profit of $45.8 million a year earlier. "We do not believe that the recent movement in our share price is warranted based on the fundamental strength and performance of our diversified platform," a B. Riley spokesperson said in a statement. B. Riley has also been targeted by a short seller. "Although B Riley attempted to address short seller concerns on their recent earnings call, the information they provided was limited," said Rick Meckler, partner at Cherry Lane Investments.

Persons: Brendan McDermid, Riley, Brian Kahn, Kahn, John Hughes, Bryant Riley, Rick Meckler, Meckler, Chibuike Oguh, Medha Singh, Niket, Deepa Babington, Stephen Coates Organizations: New York Stock Exchange, REUTERS, Reuters Graphics, Group's, Bloomberg, Reuters, Wolfpack Research, Cherry Lane Investments, Thomson Locations: New York City, U.S, Los Angeles, New York

[1/2] A Tesla electric vehicle is plugged to a charger in a parking lot in Teia, north of Barcelona, Spain, October 31, 2023. High interest rates and a subdued market are putting customers off, they warned, with Volkswagen's EV order intake half what it was last year. Reuters GraphicsFALLING BEHINDCritics have long warned that a lack of affordable EVs would eventually stall the steep sales growth boosted by early adopters and corporate fleets. A weaker performance in September, consumer sentiment surveys and bleak commentary from carmakers and dealers indicates that low growth era may have arrived. "We call it the valley of death, which we will be going through in 2024 to 2027: low residual values, high supply, and low demand," Nothard added.

Persons: Albert Gea, EVs, Thomas Niedermayer, Flavia Garcia, Tom Carvell, Martina, AutoTrader, Garcia, We'll, Critics, Felipe Munoz, Alistair Bedwell, Langston, Ben DuCharme, Philip Nothard, Nothard, Victoria Waldersee, Nick Carey, Giulio Piovaccari, Paul Lienert, Sumanta Sen, Alexander Smith Organizations: REUTERS, Tesla, Volkswagen, Mercedes, Benz, Reuters Graphics Dealers, Toyota, HK, Reuters Graphics, Ford, GM, United Auto Worker, JATO Dynamics, Langston, Cox Automotive, Thomson Locations: Barcelona, Spain, LONDON, Europe, Germany, Italy, Bavarian, Edinburgh, Scotland, Britain, BYD, Nio, U.S, Rome, Detroit

☆ The top Christmas markets for 2024
▼ + stars: | 2023-11-12 | by ( Tamara Hardingham-Gill | ) edition.cnn.com time to read: +22 min

Basel Christmas Market, SwitzerlandBasel Christmas Market is made up of decorated stalls selling Christmas spices, decorations and candles. Strasbourg Christmas Market, FranceOne of Europe’s oldest Christmas markets, Strasbourg began back in 1570, but it’s evolved considerably since then. Old Town Square and Wenceslas Square Christmas markets, Prague, Czech RepublicTo say the city of Prague goes all out at Christmas is something of an understatement. Skansen’s Christmas Market, StockholmStockholm isn’t exactly lacking when it comes to Christmas markets, but none are more traditional than Skansen. St. Stephen’s Basilica and Vörösmarty Square markets, Budapest, HungaryBudapest has two main festive markets: St. Stephen’s Basilica Christmas market, or Advent Bazilika, and Vörösmarty Square Christmas market.

Persons: Wiener, Wiener Christkindlmarkt, it’s, Kleber, Laia Ros, Wenceslas, Santa Llucia, Mercati Natale, Piazza Santa, there’s, you’ll, Walt Disney, Lucia’s, Tuomaan, Emperor Alexander II, Santa Claus, Bazilika, Germany Gendarmenmarkt, Massimo Borchi, Dom, Deutscher Dom, Bavaria’s, Gendarmenmarkt, Jeff J Mitchell, Scott, Dominika, Glowny, Adam Mickiewicz, Steve Russell, Colin Miller, Manhattan’s, Josephine Shaw Lowell Fountain Organizations: CNN, City Hall, Basel, Switzerland Basel Christmas, Getty, Belgium’s, Bourse, Monnaie, Sainte, Marche aux Poissons, Fira, Barcelona Cathedral, Santa, Cisco Pelay, Piazza Santa Croce, Santa Croce, Tivoli Gardens, Estonia Estonia's, Markkinat, Vörösmarty, Nuremberg, Hyde, London Hyde, Food, Edinburgh, Scotland Scottish, Street Gardens, Scottish, Street, Edinburgh Castle, Andrew, George, East, Poland Krakow Christmas, Bratislava, Slovakian, Distillery, Toronto Star, Toronto, Distillery District, , New York Skaters, Bank of America, The Bank of America, Christkindlmarket Chicago, Daley, RiverEdge, Christkindlmarket Locations: Vienna, Germany, Switzerland, Singapore, New York, Austria, Barfüsserplatz, St, Basel, Strasbourg, France, Belgium, Brussels, Sainte Catherine, Marche, Belgian, Place, Prague, Czech Republic, Czech, Old, Santa Llucia, Barcelona, Santa, Florence, Italy, Heidelberg, Piazza del, Zagreb, Croatia, Advent, Tivoli , Copenhagen, Denmark, Danish, Tivoli, Tallinn, Estonia, Estonia Estonia's Tallinn, Estonian, Stockholm Stockholm, Djurgarden, Skansen’s, Tuomaan Markkinat, Helsinki, Ryhor, Helsinki’s, Stephen’s, Budapest, Hungary Budapest, Gendarmenmarkt, Capital, Berlin, Nuremberg, London, United Kingdom, Christmas, Edinburgh, Krakow, Poland Krakow, Polish, Europe, Mary’s, Slovakia, Bratislava, Bay, Toronto, Distillery, Bryant, , New, Manhattan’s Bryant, Chicago, Windy City, Aurora

☆ The night train revolution has been hailed as an alternative to airplanes. Here’s how that’s going
▼ + stars: | 2023-11-12 | by ( Ben Jones | ) edition.cnn.com time to read: +13 min

Wherever they run, night trains are complicated, labor intensive and expensive to operate – one of the major reasons they went into decline in the first place. The $770 million contract could eventually see up to 370 new overnight carriages introduced to update Italy’s entire overnight train fleet. “Politicians must be clear: the night train market will be effectively closed for a very long time,” he says. So, what does all this mean for the much-vaunted night train revolution? With the honorable exception of government-subsidized Nightjet, which plans to expand rapidly over the next five years, European night train services have yet to match the hype.

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