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☆ Philip Morris considers selling stake in pharmaceuticals unit to boost healthcare division
▼ + stars: | 2023-09-20 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Philip Morris International is considering selling off a stake in its largest pharmaceuticals unit. But more recently the division has struggled, and Philip Morris has had talks with Deutsche Bank on a range of options to try to grow its wellness and healthcare division, the WSJ first reported. In recent years, Philip Morris has also acquired Fertin Pharma, a nicotine gum maker, and OtiTopic, a respiratory drug maker. And, in the second quarter of this year, the company took a $680 million impairment charge related to its wellness and healthcare division. The news comes as the tobacco company continues to face resistance from public health groups.

Persons: Philip Morris, it's, Concordia, Philip Morris's Organizations: Philip Morris International, Marlboro, Deutsche Bank, WSJ, Fertin Pharma, PMI, Concordia, UN, Assembly Locations: New York

But just because Facebook would prefer that you don't download video, that doesn't mean you can't do it. Here's how to download a video from Facebook, whether you're using your computer, iPhone, or Android phone. AdvertisementAdvertisementHow to save a video on Facebook to watch laterBefore we get to permanently downloading videos from Facebook, though, there may be times when you simply want to save a video within Facebook so you can more easily watch it later. AdvertisementAdvertisementHow to save and download a video from Facebook to your computerWe don't recommend using any third-party programs or websites to try to download videos on your computer. Start playing the video, right-click on the video, and then choose Save Video As.

Persons: Stefan Ionescu, there's Organizations: Facebook, Service, Android, Press Locations: Wall, Silicon

☆ Anheuser-Busch to stop cutting off Clydesdale horse tails after backlash
▼ + stars: | 2023-09-20 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Anheuser-Busch InBev said it will no longer cut the tails of the iconic Clydesdale horses used in its signature Budweiser commercials and at events, following extended backlash from animal rights groups. However, the practice known as "docking," which can involve cutting through a horse's tailbone, has come under scrutiny. Anheuser-Busch on Wednesday said it has stopped cutting off tails. PETA said it found some representatives for Anheuser-Busch have said they trimmed the hairs on the tails rather than cut them off. In a statement to CNBC, PETA said it's celebrating the beer maker's decision to stop cutting horse tails by "cracking open some cold ones."

Persons: Dylan Mulvaney, Busch Organizations: Anheuser, Busch InBev, Clydesdale, Busch, Veterinary Medical Association, Animals, Budweiser, PETA, CNBC, American Humane

☆ British Vogue announce Chioma Nnadi as Edward Enninful’s successor
▼ + stars: | 2023-09-18 | by ( Nicole Mowbray | ) edition.cnn.com time to read: +3 min

CNN —British Vogue announced Monday that Chioma Nnadi will replace Edward Enninful as the head of the magazine. Nnadi — described as a “Vogue veteran” by Condé Nast, the publishing house that owns Vogue — will be the first Black woman to edit the historic fashion title. I’m so grateful to Edward Enninful for everything he’s accomplished at British Vogue, and we’re all looking forward to a productive and creative relationship with him in his new role. Edward Enninful attends a party celebrating Vogue World during London Fashion Week on September 14, 2023. Yeah, there’s definitely pressure – it’s Vogue,” and added, “It still means something to be in Vogue, it still has authority.

Persons: Edward Enninful, Nnadi —, ”, Condé Nast, Chioma, Stefan Ruiz, Conde Nast Nnadi, Rihanna, Erykah Badu, Cara Delevingne, Anna Wintour, ” Wintour, David M, Enninful —, —, Enninful, Nnadi, Edward Organizations: CNN, British Vogue, Vogue, American Vogue, Global, London, Guardian Locations: British, France, Italy, India, Japan, Nigerian, Swiss, London, New York, Vogue

☆ New York is cracking down on illegal weed stores as legal market struggles to take hold
▼ + stars: | 2023-09-18 | by ( Stefan Sykes | ) www.cnbc.com time to read: +3 min

A pedestrian passes a smoke shop in New York City on June 16, 2023. New York authorities are cracking down on unlicensed smoke shops that are selling cannabis. Currently, there are just 23 legal dispensaries open across the state, with only nine in New York City. But its effort has only begun to chip away at the vendors, particularly in New York City. In addition to skirting the tax system, smoke shops operating illegally may also pose significant health risks.

Persons: Spencer Platt, We're, Daniel Haughney Organizations: New, Getty, New York, Office, of Cannabis Management, CNBC, New York state's, Cannabis Management, New York City, New York Medical Cannabis Industry Association, Cannabis Control Locations: New York City, New York, New

☆ 'Neighbours' returns with 'polish' in Amazon reboot of Australian soap
▼ + stars: | 2023-09-18 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +2 min

LONDON, Sept 18 (Reuters) - Australian soap opera "Neighbours" made a comeback on Monday in a highly publicised reboot, nearly 14 months after the show wrapped up last year in an emotional finale after running for nearly four decades. Following an outcry from fans, streaming giant Amazon announced in November it would revive the drama, airing it in Britain and the United States on its ad-supported service Amazon Freevee. "The show is still ‘Neighbours’ and it will continue to be ‘Neighbours’, it’s just ‘Neighbours’ with a nice polish," original cast actor Stefan Dennis, who plays the villainous, six-times married businessman Paul Robinson, told Reuters. There is a "bit more thrown at it... but it basically is still the same formula, which is great." Last year's finale saw old stars, including Minogue, return to Ramsay Street, the cul-de-sac where the show is set.

Persons: Kylie Minogue, Margot Robbie, Guy Pearce, Stefan Dennis, Paul Robinson, Minogue, Alan Fletcher, Karl Kennedy, Rebekah Elmaloglou, Terese Willis, Mischa Barton, American Reece, Varga, Murphy, Tim Kano, Leo Tanaka, Marie, Louise Gumuchian, Bernadette Baum Organizations: Britain's, Amazon, Neighbours, Reuters, Thomson Locations: Melbourne, Erinsborough, Australia, Britain, United States, New Zealand, Canada

☆ The billionaire son of H&M's founder owns a sprawling English country estate with over 100 cottages, a distillery, and a pub that sells his own beer
▼ + stars: | 2023-09-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Stefan Persson, the son of H&M's founder, owns a 19,000-acre country estate in southern England. In 1997, Persson splurged some of his fortunes on a 3,000-acre country estate in Wiltshire, southern England, which went on to become Ramsbury Estates. Ramsbury Estates has about 7,000 acres of farmland, with a focus on wheat and barley alongside a small herd of cattle. Geography Photos/Universal Images Group via Getty ImagesLike many modern farms, Ramsbury Estates has diversified. Ramsbury Estates declined to comment on exactly what the "agency" portion of its business is comprised of.

Persons: Stefan Persson, H, Persson, Erling Persson, Stefan, Persson splurged Organizations: M's, Service, 101st, Bloomberg, Invest, –, Ramsbury Estates, Getty, Ramsbury, M Locations: England, Wall, Silicon, Sweden, Wiltshire, Ramsbury, Monki

☆ New York expands legal marijuana licenses — but some would-be retailers feel left behind
▼ + stars: | 2023-09-14 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

A woman walks by a smoke shop in New York City that displays a marijuana leaf in the window, June 16, 2023. Coss Marte's marijuana dispensary in lower Manhattan has already cost him over $1 million, and it's not even open yet. On Tuesday, the state's Cannabis Control Board voted for new regulations that would expand New York's meager marketplace for legal weed by allowing a wider range of applicants. New York has prioritized retail licenses for people who had been convicted of marijuana offenses before weed became legal in 2021. But lawsuits by medical marijuana and veterans groups have paused the program and barred New York regulators from issuing more licenses or opening businesses for existing licenses.

Persons: it's, Marte, we've, Chris Alexander, they've Organizations: Cannabis Control, Cannabis Management Locations: New York City, Manhattan, ., York, New York

☆ These are the 10 best countries in the world for business, social purpose and more—the U.S. isn't in the top 3
▼ + stars: | 2023-09-13 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

The U.S. News and World Report ranked the best countries in the world. This week, U.S. News and World Report released its ranking of the best countries in the world. The best country in the world: SwitzerlandFor the second year in a row, Switzerland is the best country in the world, according to the U.S News and World report. Canada ranked as the second best country in the world, according to U.S. News and World Report. 3 best country in the world, according to U.S. News and World Report.

Persons: Allan Baxter, Istvan Kadar, Stefan Cristian Cioata Organizations: U.S . News, . News, WPP, Wharton School, University of Pennsylvania, Entrepreneurship, Business Power, United, U.S News, Canada's, country's Federal Department of Foreign Affairs, Getty, Deutsche Bank, U.S, Canada Sweden Australia United, Canada Sweden Australia United States Japan Germany New Zealand United, Canada, CIA, Sweden Locations: U.S, United States, Switzerland, Zürich, Geneva, Basel, Portugal, Canada, Canada Sweden Australia United States Japan Germany, Canada Sweden Australia United States Japan Germany New Zealand United Kingdom Netherlands Canada, Russia, Numbeo, Sweden

The Netflix golf documentary series “Full Swing” won’t have full access at the Ryder Cup. “I would say all things involving the team we leave to the team and the captain. I think there’s a sanctity to the team room, and the experience is important to them. Netflix has had extensive access to the players it has profiled from the “Full Swing” series, at their homes and during travel to tournaments. Justin Thomas, another captain’s pick who has taken part in the Netflix series, said it was an easy decision for Johnson to eliminate any source of distraction.

Persons: Zach Johnson, ”, Seth Waugh, “, Marco Simone, Johnson, ” Johnson, Stefan Schauffele, Xander Schauffele, LIV Golf, Justin Thomas, ” Thomas Organizations: Netflix, Ryder, U.S, PGA of America, Nielsen Media Research, PGA, USA Locations: Rome

☆ Arnautovic double helps Austria to 3-1 win away to sorry Sweden
▼ + stars: | 2023-09-12 | by ( Philip O'Connor | ) www.reuters.com time to read: +1 min

STOCKHOLM, Sept 12 (Reuters) - Austria striker Marko Arnautovic notched two second-half goals as his side comfortably beat Sweden 3-1 in their Group F qualifier at the Friends Arena on Tuesday, dealing a serious blow to the hosts' hopes of qualifying for Euro 2024. Belgium, who thrashed Estonia 5-0 in Brussels, top the group on 13 points after five games, ahead of Austria on goal difference. The Swedes are third on six points with Azerbaijan fourth on one point along with bottom side Estonia. Austria made it two three minutes later when a clearance by Sweden defender Isak Hien only went as far as Marcel Sabitzer and he played a first-time ball to Arnautovic, who swivelled and calmly fired home. Sweden coach Janne Andersson made a flurry of late changes and substitute Emil Holm pulled a late goal back but Austria easily held on and moved a step closer to qualification.

Persons: Marko Arnautovic, Michael Gregoritsch, Stefan Posch's, Isak Hien, Marcel Sabitzer, swivelled, Philipp Mwene, Arnautovic, Janne Andersson, Emil Holm, Philip O'Connor, Ken Ferris Organizations: Sweden, Friends, Estonia, Azerbaijan, Thomson Locations: STOCKHOLM, Austria, Belgium, Brussels, Estonia, Sweden

☆ Cannabis ETFs boom as HHS recommendation to ease restrictions raises hopes for federal reform
▼ + stars: | 2023-09-12 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

An employee of Aurora Deutschland GmbH, a manufacturer of medical Cannabis products, inspects a flowering Cannabis plant in a greenhouse in Leuna, Germany September 11, 2023. Marijuana-related ETFs are soaring in September as investors flood back into the sector after months of waning interest. It marked a swift turnaround for a quasi-legal industry curtailed by the anemic pace of federal reform. Last month's announcement also sent shares of several cannabis companies higher, including Canopy Growth, Tilray Brands and Cronos Group. At the time of the closure announcement, fund co-founder Morgan Paxhia told CNBC that it was not "immune to the broader macroeconomic environment and, more specifically, the dramatic shift in investor sentiment that has impacted the cannabis industry."

Persons: Canaccord, Matt Bottomley, Morgan Paxhia Organizations: Aurora Deutschland GmbH, U.S . Department of Health, Human Services, Dow Jones Industrial, Dow, Tilray Brands, Cronos Group, Marijuana, CNBC Locations: Leuna, Germany

☆ Mosquitoes are annoying and some are deadly. Here’s why we can’t – and shouldn’t – simply kill them all
▼ + stars: | 2023-09-12 | by ( Ritu Prasad | ) edition.cnn.com time to read: +9 min

Some mosquitoes are actually helpfulThe first problem to tackle here is the word “all.” There are more than 3,000 recognized mosquito species worldwide. Healy, who is also president of the American Mosquito Control Association, offered Louisiana, which is home to many swamps where mosquitoes thrive, as an example. “Disease-transmitting mosquito species, such as Aedes aegypti and Aedes albopictus, are invasive species in many parts of the world. As for the Anopheles mosquitoes, which transmit malaria, things are a little different. … We are constantly educating mosquito control workers to follow these practices.

Persons: birdsong, We’ve, ”, Kristen Healy, Healy, we’d, Laura Harrington, Culex, Aedes, ” John Marshall, ” Marshall, ” Healy, Soumyabrata Roy, NurPhoto, it’s, Harrington, Wolbachia, ” Harrington, Stefan Sauer, “ We’ve Organizations: CNN, US Centers for Disease Control, Entomology, Louisiana State University, American Mosquito Control Association, Cornell University, University of California, Getty Locations: –, West Nile, Louisiana, West, Berkeley

☆ DraftKings apologizes for 9/11 sports bet promo on New York teams
▼ + stars: | 2023-09-11 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

In this photo illustration, the American daily fantasy sports contest and sports betting company DraftKings logo is displayed on a smartphone screen. Sports gambling giant DraftKings apologized Monday for a bet parlay offer that would have paid out if three New York teams won on the 22nd anniversary of the Sept. 11 terror attacks that killed almost 3,000 Americans. The parlay DraftKings was touting earlier Monday said, "Never Forget," a term frequently applied to the Sept. 11 attacks. "We sincerely apologize for the featured parlay that was shared briefly in commemoration of 9/11," DraftKings said on X, the social media site formerly known as Twitter. "Absolute clowns," one X user wrote in reply to DraftKing's apologetic tweet.

Persons: DraftKings, Bret Eagleson, Bruce, Eagelson, CNBC's Stefan Sykes Organizations: New York, Trade, New York Yankees, Mets, Jets, Trade Center, Associated Press, District of Columbia, Supreme Locations: Manhattan, U.S

☆ How electrified roads could help fix America's electric vehicle charging problem
▼ + stars: | 2023-09-11 | by ( Liam Mays | ) www.cnbc.com time to read: +1 min

Electric vehicles are taking up an increasing percentage of the overall auto market share every year — rising from 4% in 2020 to 14% last year. Among the holdouts, a lack of charging infrastructure seems to be one of consumers' most common reasons for not switching from gas to electric vehicles. But now, electric road projects are appearing across the world as a potential solution to supplement static charging, allowing EV drivers to wirelessly charge their cars while they drive. Israel-based Electreon is one wireless EV charging provider with many pilot projects and case studies in operation in Sweden, Norway and Italy, among others. Electreon is also taking part in the first electric road project in the U.S. in Detroit, which is expected to be constructed within the next year.

Persons: Stefan Tongur, Electreon, Michele Mueller Organizations: EV, CNBC, Swedish Transport Administration, Michigan Department of Transportation Locations: Electreon, Israel, Sweden, Norway, Italy, Visby, U.S, Detroit

☆ Why Saudi Arabia is spending hundreds of millions on soccer stars like Cristiano Ronaldo and Neymar
▼ + stars: | 2023-09-08 | by ( Anuz Thapa | ) www.cnbc.com time to read: +3 min

Soccer in Saudi Arabia has entered a new era — the era of having global superstars play on Saudi turf. "This is what we're doing by bringing household names like that to the Saudi league. Saudi Arabia's sovereign wealth fund, the Public Investment Fund, is the financial vehicle driving these high-priced transactions. "Saudi Pro League is the top men's professional soccer league in Saudi Arabia." Watch the video above to find out why Saudi Arabia is doubling down its investment in professional soccer and more.

Persons: Neymar, Ballon, Cristiano Ronaldo, Fahad Nazer, Prince Mohammed bin Salman, Stefan Szymanski, Simon Chadwick Organizations: Soccer, Pro League, Saudi, CNBC, Public Investment Fund, Saudi Pro League, University of Michigan, Newcastle United, Critics, Skema Business Locations: Saudi Arabia, Saudi, Saudi Embassy, U.S, Ittihad, Al, Hilal, Ahli

☆ British American Tobacco finalizes Russia exit with sale to local managers
▼ + stars: | 2023-09-07 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

British American Tobacco has finalized its exit from Russia about 18 months after it pledged to do so in the wake of Moscow's invasion of Ukraine. However, other global tobacco giants are still doing business in the country, including Japan Tobacco International and Philip Morris International . London-based BAT is a key player in the global tobacco market with business operations in more than 100 countries. It controlled nearly 25% of Russia's tobacco market, which is the fourth largest in the world, according to Reuters. The buyer is a consortium led by members of BAT Russia's management team, which will wholly own the Russian and Belarusian businesses, BAT said.

Persons: Philip Morris Organizations: British, Tobacco, BAT, Japan Tobacco International, Philip, Philip Morris International . London, Camel, Reuters, BAT Russia's, ITMS Locations: Russia, Ukraine, Belarus, Newport, Russian

☆ New EU sustainability reporting rules are a challenge, says Puma
▼ + stars: | 2023-09-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] The logo of German sports goods firm Puma is seen at the entrance of one of its stores in Vienna, Austria, March 18, 2016. REUTERS/Leonhard Foeger/File Photo Acquire Licensing RightsCompanies Puma SE FollowLONDON, Sept 6 (Reuters) - Meeting new European Union requirements for corporate reporting on sustainability is a challenge, sportswear brand Puma's (PUMG.DE) head of sustainability said on Wednesday, ahead of what he called an "avalanche" of regulation in the bloc. "We are nowhere near being able to fulfil the requirements of CSRD," Stefan Seidel said on a panel at the Reuters IMPACT conference in London, referring to the EU's Corporate Sustainability Reporting Directive. Seidel said this was despite Puma reporting on sustainability for 20 years. Companies will have to comply with the directive - which requires them to analyse environmental risks, set targets, and get sustainability reports externally audited - in the 2024 financial year for reports published in 2025.

Persons: Leonhard Foeger, Stefan Seidel, Seidel, Puma, Helen Reid, Louise Heavens, Jan Harvey Organizations: Puma, REUTERS, Union, Reuters IMPACT, Companies, Thomson Locations: Vienna, Austria, London

☆ Roku stock jumps after company says it will lay off 10% of workforce
▼ + stars: | 2023-09-06 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Roku said it will lay off 10% of its workforce, or about 360 people, as the streaming software company looks to slash expenses. In a regulatory filing Wednesday, the company said the cost-cutting measures aim to bring down its year-over-year operating expense growth rate. The company added that it expects adjusted third-quarter revenue of between $835 million and $875 million, up from a prior forecast of $815 million. In addition, Roku raised its third-quarter guidance for adjusted EBITDA to a range of negative $40 million to negative $20 million compared to a prior estimate of negative $50 million. Roku expects impairment and restructuring charges in the third quarter of up to $330 million, including a range of $160 million to $200 million related to office facilities, and $45 million to $65 million related to the job cuts.

Persons: Roku, Jim Cramer Locations: San Jose , California

"Chinese manufacturers will adapt vehicles to the European market step by step through user experience and customer orientation," Bosch (ROBG.UL) CEO Stefan Hartung told Reuters at Munich's IAA mobility show. Bosch's Chinese partnerships include developing Advanced Driver Assistance Systems (ADAS) for most of Chinese EV maker BYD's (002594.SZ) cars, electric motors for luxury EV maker Human Horizons and is a supplier for Nio (9866.HK). Chinese EV makers including BYD, Nio, Xpeng (9868.HK) and Leapmotor (9863.HK) are all targeting Europe's EV market, where sales soared nearly 55% to about 820,000 vehicles in the first seven months of 2023, making up about 13% of all car sales. "When we talk to our Chinese customers, there are very concrete plans to build plants in Europe," ZF CEO Holger Klein told Reuters. Continental CEO Nikolai Setzer told Reuters the supplier expects "the Chinese to go global and build plants in Europe."

Persons: Leonhard Simon, Bosch, Stefan Hartung, Hartung, Holger Klein, Nikolai Setzer, Setzer, Nick Carey, Victoria Waldersee, Christina Amann, Zoey Zhang, David Evans Organizations: REUTERS, Rights, Reuters, BYD's, Human, HK, Europe's EV, Jato Dynamics, Friedrichshafen, ZF, Continental, Thomson Locations: Munich, Germany, China, Europe

A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. Barclays distributed a presentation on its domestic merchant acquiring unit to potential bidders - mainly specialist payments providers - over the summer, two of the people said, but plans may still be altered or dropped entirely. Our businesses continue to perform well and growing our global payments business is a priority for us." The group drafted in consultants to prepare separate financials for its domestic merchant acquiring operation in an initiative known internally as Project Hyperion, one of the people said. Barclays is also gauging interest in its German consumer finance operations, known as Barclaycard Germany.

Persons: Stefan Wermuth, Sanpaolo, Amy, Jo Crowley, Pablo Mayo, Milana, Lawrence White, Elisa Martinuzzi, Susan Fenton Organizations: Barclays, REUTERS, Barclays Plc, Reuters, Chief, CS Venkatakrishnan, Spain's Banco Sabadell, Italy's, Pablo Mayo Cerqueiro, Thomson Locations: London, Britain, Germany, New York

☆ Former generals weigh in on how much say the US should have in Ukraine's counteroffensive as Kyiv's frustration with critics boils over
▼ + stars: | 2023-09-02 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +12 min

Ukraine has blamed a lack of equipment and tough defenses while some in the West have put the blame on Kyiv's forces. "Everyone is now an expert on how we should fight," Ukraine's defense ministry said on social media Thursday. He wrote that the general is "extremely talented," but "he has never before" coordinated the kind of operations Ukraine is executing now. AdvertisementAdvertisementThe US has reiterated that it will continue to support Ukraine's war effort, even as the counteroffensive is expected to potentially last for at least a couple more months and the conflict possibly for years. In a recent conversation with Insider about Ukrainian operations, Hodges said that the Ukrainians "have recognized that they have to adapt, which is what they're doing."

Persons: Dmytro Kuleba, it's, —, Jose Colon, Jack Keane, Keane, Metz, Michael O'Hanlon, George S, O'Hanlon, Hertling, Valery Zaluzhny, Diego Herrera Carcedo, Mick Ryan, Michael Kofman, Franz, Stefan Gady, Ben Hodges, David Petraeus, Mark Milley, Milley, Petraeus, Frederick Kagan, Hodges, Kyiv's, Ryan Organizations: Service, —, PKP, Ukrainian Army, Anadolu Agency, Getty, US Army, Institute for, Street, Patton's Third Army, NATO, intel, Army, Foreign Affairs, US Central Command, CNN, Joint Chiefs, Staff, The Washington Post, American Enterprise Institute, Russia, Nazis Locations: Ukraine, Wall, Silicon, Kyiv, Europe, Chasiv Yar, Russia, Donetsk Oblast, America, Ukrainian, France, Metz, Vietnam, Korea, US Army Europe, Australian, American, Singapore, Japan, United States, Philippines

For years, low interest rates fuelled a global boom, igniting interest in German property, seen as safe and stable as the country. The health of Germany's property sector - Europe's biggest property investment market outside of Britain - is critical, making up roughly a fifth of output and providing one in 10 jobs. Late last year, Hoeglmaier put his penthouse on the market, and Euroboden closed its Frankfurt office. In 2020, as the property market heated up, the Bundesbank warned the country's banks, for whom property accounted for about 70% of all domestic loans, of the risks. The 380-square meter (4,090 square foot) penthouse, which occupies the fifth through seventh floors and includes a rooftop terrace, originally listed for just under 13 million euros.

Persons: Leonhard Simon, Stefan Hoeglmaier, Chancellor Olaf Scholz, Tillmann Peeters, Hoeglmaier, Oscar Loya –, –, Euroboden, Daniel Bauer ,, Oliver Schartl, Loya, Christoph Niering, Matthias Inverardi, Tomasz Janowski Organizations: REUTERS, Rights, FalkenSteg, European Central Bank, Reuters, Facebook, Garden, Graphics, Thomson Locations: Munich, Germany, Europe's, Britain, Berlin, Frankfurt, Ukraine, Sweden, Europe, homebuilders, China, Evergrande

☆ Hollywood sheds 17,000 jobs in August amid ongoing strikes
▼ + stars: | 2023-09-01 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

Actor Karen Brown walks the picket line with fellow SAG-AFRA actors and Writers Guild of America (WGA) writers in front of Paramount Studios in Los Angeles, California, July 17, 2023. Hollywood's labor pool is taking a hit as the dual strikes by actors and writers drag on. The film, TV and music sectors shed a combined 17,000 jobs in August, "reflecting strike activity," the U.S. Bureau of Labor Statistics said Friday morning. In contrast, the U.S. economy added 187,000 jobs during the month, spurred by growth in the health care, leisure and construction industries. The job losses for the motion picture and sound recording industries underscore one effect of the Writers Guild of America and SAG-AFTRA strikes, which began in May and in mid-July, respectively.

Persons: Karen Brown, Dow Jones Organizations: SAG, Writers Guild of America, Paramount Studios, U.S . Bureau of Labor Statistics, WGA, Alliance, Television Producers, Netflix, Disney Locations: Los Angeles , California, U.S

☆ British home prices to fall 4% in 2023 as borrowing costs bite: Reuters poll
▼ + stars: | 2023-09-01 | by ( Jonathan Cable | ) www.reuters.com time to read: +4 min

The most pessimistic forecast was for a 10% fall, despite consumer prices expected to rise 7.5% this year, according to a separate Reuters poll. They were expected to flatline in 2024 and rise a little over 3% the year after, little changed from the previous poll. "The London housing market ebbs and flows, yet is there really such a thing as a 'London property market' nowadays?" RENTAL STRESSThose unable or unwilling to make it onto the property ladder will feel the pinch from surging rental costs. Private rental prices paid by tenants in Britain rose 5.3% in the 12 months to July, according to the Office for National Statistics.

Persons: Stefan Wermuth, BoE, Michael McGill, Zoopla, Russell Quirk, Aneisha Beveridge, Jonathan Cable, Mumal Rathore, Rahul Trivedi, Purujit, Mark Potter Organizations: REUTERS, Bank of England, Office, National Statistics, Thomson Locations: London, Britain, Kensington, Mayfair, Barking, Dagenham

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