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The seas were calm when the Bayesian, the $40 million superyacht of the British tech mogul Michael Lynch, dropped anchor off Sicily. The Bayesian was a one-of-a-kind sailboat, built by Perini Navi, a famous Italian yacht maker. How the Bayesian could have sunk The Bayesian was pushed onto its side in strong winds. How the Bayesian could have sunk The Bayesian was pushed onto its side in strong winds. Rescue workers bringing the body of the final Bayesian victim to shore, in Porticello, Italy, on Aug. 23.

Persons: —, Michael Lynch, Karsten Borner, Lynch’s, Borner, “, Mr, Hannah Lynch, Mike Lynch, Judy Bloomer, Jonathan Bloomer, Christopher Morvillo, Neda, Recaldo Thomas, Patrick McMullan, Lynch, Hannah, Giovanni Costantino, ”, Costantino, Tad Roberts, Abbie VanSickle, Jonathan Baum, VanSickle, Angela Bacares, Chris Morvillo, Neda Nassiri, Judy, James Cutfield, Sir David Davis, Sir David, Sir Robert Baden Powell, Fabio La Bianca, Matthew Griffiths, Borner’s, Sir Robert, Nobody, ’ ’ Capt, Guglielmo Mangiapane, Bacares, Domenico Cipolla, Cipolla, Charlotte Golunski, James Emslie, Golunski, Emslie, Perini, Ron Holland, Roberts, Stephen Edwards, John Groenewoud, Edwards, Philipp Luke, Guillermo Gefaell, Juan Manuel López, Gefaell, Igor Petyx, Cutfield, Cutfield hasn’t, Turgay, Ciner, Adam Hauck, there’s, It’s, Hauck, can’t Organizations: The Times, New York Times, Agence France, Reuters, Getty, Times, —, Italian Sea Group, American Bureau of Shipping, British Maritime and Coastguard Agency, Hewlett, Packard, New Zealand, Baia Santa Nicolicchia, Italian Coast Guard, Gale Force, Maritime and Coastguard Agency, Britain’s Department for Transport, Perini, “ Technology, Naval, Italian, Group, Spanish, Association of Naval, Ocean Engineers of Spain, British Marine Accident Investigation, Rescue Locations: British, Sicily, East Germany, Italian, Dutch, Canadian, Washington, London, Oxford, New, Naples, Porticello, Baia Santa, Palermo, Sicily’s, Palermo’s, Ireland, Tuzla, Turkey, Italy, Turkish, Istanbul, Capri, American

☆ Criminals are looting millions from ATMs in Europe. Here’s why Germany is a prime target
▼ + stars: | 2024-10-27 | by ( Sophie Tanno | ) edition.cnn.com time to read: +8 min

Rather than staging dramatic and risky bank robberies, criminal groups in Europe have been targeting ATMs as an easier and more low-key target. An explosive device used to blow up ATMs shown at a press event in Stuttgart, Germany on November 21, 2023. The majority of Germany’s 83.3 million citizens have to travel no further than one kilometer to reach their nearest ATM, according to the central bank, Bundesbank. Bodo Marks/picture alliance/Getty Images/FileA 2023 BKA report notes that ATM robberies in Germany have been rising since 2005, although they dropped slightly from 2022 to 2023. In July, the German government announced that ATM robberies would receive harsher punishment.

Persons: Europol, Bernd Weißbrod, ” Europol, Baden Württemberg, ” Bundesbank’s Johannes Beermann, –, Bodo Marks, ’, Nancy Faeser, ” Organizations: CNN, Federal Criminal Police, Germany –, Getty, German Banking Industry Committee, “ Locations: Kronberg, BKA, Europe, Germany, France, Netherlands, Stuttgart, Wiernsheim, German, Baden, Bundesbank, Sparkasse, Schenefeld, –, “ Germany

☆ A Swiss town borders 2 other countries, making it the ideal base for exploring. Here's what 6 days in Basel were like.
▼ + stars: | 2024-10-05 | by ( Monica Humphries | ) www.businessinsider.com time to read: +7 min

I spent six days in the Swiss city of Basel, exploring the town's rich art scene. AdvertisementWhen you land in Basel, Switzerland, you land in a Swiss fantasy. I had arrived for its biggest art celebration: Art Basel, an international fair where 250 gallerists feature 4,000 artists. Monica Humphries/Business InsiderHere, I tracked down French pastries, hopped on a trolly tour, and got lost in the picturesque streets. The one thing I feel I missed during my Basel trip was a visit to Germany.

Persons: —, Monica Humphries, Jean Tinguely's, Pablo Picasso, Henri Matisse, Julio Le Parc's, Queen Elizabeth II, it's, I've Organizations: Service, Basel, Kunstmuseum Basel, DJ, Basel would've Locations: Swiss, Basel, France, Germany, Switzerland, It's, Basel's Klybeck, Klybeck, Miami, Bushwick , Brooklyn, Colmar, Alsace, Kandersteg, Titisee, Baden, Europa, France's, Bern, Lucerne

☆ Kaspar Hauser: New DNA analysis upends ‘lost prince’ theory
▼ + stars: | 2024-09-21 | by ( Mindy Weisberger | ) edition.cnn.com time to read: +8 min

But these results were soon contradicted by tests a few years later that sampled Hauser’s hair. However, some researchers who supported the “lost prince” hypothesis claimed that the blood may not have belonged to Hauser, Parson told CNN. Those results showed that Hauser’s mtDNA was a close match to that of the Badens, contradicting the findings from Munich. A royal hoax debunkedParson’s lab conducted new analysis of Hauser’s hair, using strands collected before and after his death. The new findings about Hauser not only debunk the prince theory; they also demonstrate the importance of pushing the limits of technologies for DNA analysis, Parson said.

Persons: CNN — “, Kaspar Hauser, Hauser, Kaspar Hauser —, Daniel Karmann, —, ”, Dmitry Temiakov, Temiakov, Walther Parson, Parson, ” Parson, ” Temiakov, Duke Carl, Grand, Stéphanie de Beauharnais, Countess Louise Caroline von Hochberg, Carl, Stéphanie, Countess Hochberg’s, Mindy Weisberger Organizations: CNN, Markgrafen, AP, Thomas Jefferson University, National DNA Database, Austrian Federal Ministry of, Scientific Locations: Nuremberg, Germany, Baden, what’s, Ansbach, Philadelphia, Innsbruck, Austria, Munich, Münster, “, Potsdam

☆ German warships visit the Philippines amid its South China Sea clashes after angering Beijing by sailing through the Taiwan Strait
▼ + stars: | 2024-09-16 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Tensions are high in the South China Sea, as China continues its aggressive tactics against Philippine vessels. JAM STA ROSA/AFP via Getty ImagesClashes between China and the Philippines in the South China Sea have been escalating for months as China unjustly claims sovereignty over a majority of the South China Sea, defying international law while increasing efforts to assert its authority in the area. While traveling to Manila, the Baden-Württemberg and Frankfurt am Main transited the Taiwan Strait, sparking backlash from China. The German warships transited the Taiwan Strait last week for the first time in 20 years. "International waters are international waters," he said .

Persons: —, Per Andreas Pfaffernoschke, Pfaffernoschke, Mao Ning, German Defense Ministry Boris Pistorius, Mao Organizations: Service, Business, Baden, Philippine, ROSA, Getty, Ministry of Foreign, German Defense Ministry, Command Locations: Philippines, Taiwan Strait, Germany, China, South China, Berlin, Frankfurt, Manila, AFP, Beijing, Baden, Württemberg, Taiwan, Main

☆ German warships ignored China's complaints and sailed through the Taiwan Strait for the first time in over 2 decades
▼ + stars: | 2024-09-13 | by ( Chris Panella | ) www.businessinsider.com time to read: +1 min

Two German navy ships sailed through the Taiwan Strait for the first time in over 20 years. Go to newsletter preferences Thanks for signing up! AdvertisementTwo German navy ships have sailed through the Taiwan Strait, the first such move in over 20 years. Despite China's complaints and criticisms, Germany said that it had a right to transit the strait, which is international waters. The German first-in-class frigate Baden-Württemberg and the supply ship Berlin-class Frankfurt am Main sailed the Taiwan Strait on Friday.

Persons: —, Boris Pistorius Organizations: Service, Baden, Main, German, Business Locations: Taiwan Strait, China, Taiwan, Germany, Berlin, Frankfurt

☆ Inmate on death row for 33 years must either be released or retried over prosecutorial misconduct
▼ + stars: | 2024-08-02 | by ( Stephanie Becker | ) edition.cnn.com time to read: +5 min

The judge’s ruling, at the request of California Attorney General Rob Bonta, gives the Alameda County prosecutor’s office 60 days to retry 71-year-old Curtis Lee Ervin or let him go free. Bonta conceded the Alameda prosecutors in the Ervin case illegally excluded Black jurors. Alameda County now must make a decision by September 30. Last month, she announced plans for the resentencing of Dykes and one other death row inmate for Batson violations. Those notes showed a bias against potential Jewish and Black jurors, according to the DA’s office.

Persons: CNN —, general’s, Rob Bonta, Curtis Lee Ervin, Ervin, Pamela Price, Price, Bonta, Carlene McDonald, Ervin’s, Robert McDonald, McDonald, Pamala Sayasane, He’s, ” Sayasane, KGO Sayasane, Sayasane, Batson, Ernest Dykes, ”, Brian Pomerantz, ” Pomerantz, Linda Kenney Baden, Phil Spector, Casey Anthony, Aaron Hernandez, “ Witnesses, ” Baden, sully, “, ” Dykes Organizations: CNN, Alameda County prosecutor’s, Alameda, KGO, Pomerantz, California Attorney General’s Locations: California, Alameda County, general’s, Oakland , California, Dykes, Washington, Connecticut, New York

☆ Germany’s doctors can prescribe four-week spa breaks to frazzled parents
▼ + stars: | 2024-08-01 | by ( Ulrike Lemmin-Woolfrey | ) edition.cnn.com time to read: +8 min

Those lucky parents may leave with doctor’s orders for a four-week spa break by the sea or in the mountains. Germany has around 350 designated spa towns, with many designated as UNESCO World Heritage sites. ‘I had severe sleeping problems’Focused on preventative as well as restorative care, a Kur is frequently aimed at burned-out parents. The proportion of single parents in MGW clinics is disproportionately high in relation to the overall share in society. “Together, solutions are developed that will help patients to cope with everyday life again and prevent (further) health problems,” Gerstkamp explained.

Persons: ”, They’ve, Cécile Poirot, ” Poirot, “, Müttergenesungswerk, Petra Gerstkamp, Gerstkamp, Poirot, ” Gerstkamp Organizations: CNN, UNESCO, Heritage, “ Locations: Germany, Baden, Wiesbaden, Bad, Europe, Elmshorn, Hamburg

☆ Harris has championed more progressive ideas than Biden
▼ + stars: | 2024-07-23 | by ( Tami Luhby | Meg Tirrell | ) edition.cnn.com time to read: +9 min

The Biden administration, along with congressional Democrats, broadened access to health insurance by temporarily beefing up the federal premium subsidies for Affordable Care Act policies. Providing middle class tax reliefAs a senator, Harris proposed providing middle-class and working families with a refundable tax credit of up to $6,000 a year (per couple) to help keep up with living expenses. Harris also campaigned on the measure – titled the LIFT the Middle Class Act, or Livable Incomes for Families Today – during her earlier presidential run. Like Trump, Harris proposed allowing the federal government to set “a fair price” for any drug sold at a cheaper price in any economically comparable country, including Canada, the United Kingdom, France, Japan or Australia. As California’s attorney general, Harris joined other states in pursuing several drugmakers for their pricing or practices, winning multimillion-dollar settlements.

Persons: Kamala Harris, Donald Trump, Joe Biden’s, Biden, Harris, Sen, Bernie Sanders ’, ” Harris, Sanders, Roe, Wade, ”, Kelly Baden, ” Baden, –, Trump, ’, John Gimigliano, Harris ’ Organizations: CNN, Affordable, Wall Street, Congressional, White, Guttmacher Institute, Biden, Today –, KPMG’s, KPMG’s Washington National Tax, Trump, Profit Locations: Minnesota, Biden’s, KPMG’s Washington, Canada, United Kingdom, France, Japan, Australia

Where patients traveled for abortions Number of patients 10,000 1,000 100 2023 171,300 patients traveled Alaska Wash. N.D. Hawaii Minn. Ore. N.Y . Number of patients 10,000 1,000 100 2023 171,300 patients traveled 2019 73,100 patients traveled Alaska Alaska Wash. Wash. Maine Mont. An exodus from Texas 10,000 1,000 100 Number of patients 2023 35,500 Texas patients traveled Wash. N.Y. Mass. Texas 10,000 1,000 100 Number of patients 2023 35,500 Texas patients traveled Wash. N.Y. Mass. Change in abortions by state State Abortions 2023 Change from 2019 Nonresident share Wyo.

Persons: Roe, Wade, Nev, S.C, W.Va Calif, “, ”, —, Amy Hagstrom Miller, “ We’re, John Seago, “ We’ve, Mia, Uber, Hagstrom Miller, Kelly Baden, Allison Cowett, Megan Jeyifo, Kelly Flynn Organizations: Nev . N.J ., Ind . Utah Colo, N.Y ., Ind . Utah W.Va, Guttmacher Institute Orange, La . Texas Fla, Md . Utah W.Va Colo, D.C, Alaska, W.Va, La . Texas, Ind . Utah D.C, La . Texas Texas, New York City, Texas Fla, Midwest, Mich . Iowa Ohio, ., Illinois Wis ., Illinois Wis . Iowa Ill, Guttmacher Institute, Republicans, Kan, Colo, Ill, Del, Utah, Hawaii, Iowa, Ohio, Maine, Family Planning, Chicago Abortion, N.Y, Tenn, California S.C Locations: Alaska, N.D, Hawaii Minn, Ore, N.Y, Idaho Wis, S.D . Mich, Pa, Nev . N.J, Nev . N.J . Ohio, Ill, Ind . Utah, W.Va Md, Calif, Kan . Va, Mo, Ky, N.C, Tenn, Ariz, ., N.M . Ala . Miss ., La . Texas Fla, N.Y . Idaho, S.D . Wis, Mich, Ind . Utah W.Va Md, Colo, Kan, Mo . Va . Ky, S.C . Ala . Miss ., Texas, New Mexico, Southern, Illinois, South Carolina, Georgia, North Carolina, Nev . N.J . Ohio Md, La . Texas, Alaska Wash . Maine, Minn, Mass, Wis, S.D . Idaho Mich, Wyo, Pa . Iowa, . Ohio Ind, Md . Utah, Va, Mo . Calif, Okla, S.C . Miss ., Ala, Hawaii, N.Y Idaho, La, Fla, N.Y Idaho Wis, Nev . Ohio Md, W.Va Colo . Va, N.M . Ala, Alaska Alaska, Wash . Maine, . Idaho, Nev Nev, N.J, Neb ., . Ohio Ohio, Ind, Ind . Utah Md . Utah, Kan . Va . Calif, S.C . Miss . Ala . Miss ., La . Texas Texas Fla, Wisconsin, Columbus , Ga, New York, ” Texas, Pa . N.J, Nev . Md, Colo . Va, N.M . Ga, N.M . Texas, Mich . Iowa, Okla ., Illinois Wis, Illinois Wis . Iowa, Miss . Texas, Maryland , Minnesota, Virginia, Conn, Houston, Albuquerque, States, ” Illinois, Chicago, N.Y Pa . N.J, Md, Va . N.C, California, Ala . Miss, . Pa . Md, Miss . Ala, Florida , Georgia, Florida, state’s, Florida , North Carolina

☆ Far-Right Politician Attacked With Box Cutter in Germany
▼ + stars: | 2024-06-05 | by ( Christopher F. Schuetze | More About Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

A municipal candidate for the far-right Alternative for Germany party was slashed with a box cutter in the western German city of Mannheim, the authorities said on Wednesday. While the police said that the incident on Tuesday night did not appear to be politically motivated, it came four days after a knife attack on members of an anti-Islam party in the same city, which raised concerns about more violence in the prelude to Sunday’s vote in Germany for the European Parliament. The attack on Tuesday occurred after the candidate, Heinrich Koch, who is running for municipal office in Mannheim, noticed a man “taking down and slashing” Alternative for Germany campaign posters, according to Emil Sänze, a party spokesman in the state of Baden-Württemberg, which includes Mannheim. After Mr. Koch confronted him, the man attacked Mr. Koch with a box cutter, Mr. Sänze said. Mr. Koch was taken to a hospital for stitches on Tuesday night but is expected to make a full recovery, according to Mr. Sänze.

Persons: Heinrich Koch, Emil Sänze, Koch, Mr, Sänze Organizations: Parliament Locations: Germany, German, Mannheim, Baden

☆ 5 killed after floods engulf southern Germany
▼ + stars: | 2024-06-04 | by ( Billy Stockwell | Inke Kappeler | ) edition.cnn.com time to read: +4 min

CNN —Five people have died and thousands were evacuated in southern Germany after heavy rainfall hit the region and caused vast floods, prompting warnings from senior officials that the climate crisis was set to worsen extreme weather in the country. After heavy rainfall, the German Armed Forces has sent 800 personnel to the region to help with rescue efforts. Record floods occur every few years … record rainfall every few years,” Habeck, of the Greens Party, told broadcaster n-tv. Deadly floods hit Western Europe in 2021, with at least 220 people killed between July 12 and 15, mostly in Germany. Other areas of Europe have also been affected by heavy rainfall in recent days.

Persons: Juergen Weiss, Thomas Niedermueller, Armin Weigel, Olaf Scholz, ” Scholz, Robert Habeck, ” Habeck, HINA, CNN’s Barbie Nadeau, Louis Mian Organizations: CNN, Bavarian firefighters, Authorities, German Armed Forces, Bavarian, Environmental Office, Economy, Greens Party, Firefighters, Sunday, RTV SLO Locations: Germany, Bavaria, Baden, Wuerttemberg, Regensburg, Rudersberg, Bavarian, Passau, Europe, Udine, Northeastern Italy, Slovenia, Gornja Radgona, Austrian, Zagorje county

☆ Floods Break Dams and Submerge Highways in Southern Germany
▼ + stars: | 2024-06-03 | by ( Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

After a weekend of heavy rains, severe floods in regions of southern Germany led several towns to declare states of emergency and to evacuate their citizens from heavily affected areas. Water submerged streets and highways, broke dams and derailed a high-speed train. Even as rain let up on Monday, emergency crews rushed to fortify dams along rivers in anticipation of further flooding. On Monday morning, a 43-year-old woman was found dead in her basement in the Neuburg-Schrobenhausen district in Bavaria, according to the local authorities. On Saturday, a firefighter died trying to save people, according to the district he served; another firefighter has been missing since Saturday.

Persons: Württemberg Locations: Germany, Neuburg, Schrobenhausen, Bavaria, Schorndorf, Baden

☆ Samuel Alito's story about the upside-down flag fiasco isn't fully adding up
▼ + stars: | 2024-05-29 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +5 min

"My wife is fond of flying flags," Alito wrote. Alito said he asked his wife to take the flag down "as soon as I saw it," but for "several days," she refused. A second flagAlito's explanation for why his wife raised the upside-down flag in January 2021 also doesn't account for the second controversial flag now tied to the couple. The Times reported this month that an "Appeal to Heaven" flag was flown outside Alito's New Jersey beach house as recently as last summer. He said neither he nor his wife were aware the flag had any association with the "Stop the Steal" movement.

Persons: —, Samuel Alito, Alito, Donald Trump, Trump, Martha, Ann Alito, Emily Baden, Samuel Alito Chip Somodevilla, shouldn't Organizations: Service, Business, Trump, New York Times, Capitol, Times, Washington Post Locations: Alito's Virginia, Vietnam, Virginia, Alito's New Jersey

☆ The Alitos, the Neighborhood Clash and the Upside-Down Flag
▼ + stars: | 2024-05-28 | by ( Jodi Kantor | ) www.nytimes.com time to read: +1 min

A young couple claimed they were being harassed by the wife of a Supreme Court justice. The officer on the line responded that there was little the police could do: Yelling was not a crime. The couple placed the call after a series of encounters with Martha-Ann Alito, wife of Justice Samuel A. Alito Jr., that had gone from uneasy to ugly. The clash between the wife of a conservative Supreme Court justice and the couple, who were in their 30s, liberal and proud of it, played out over months on a bucolic block in Alexandria. But three years later, that neighborhood spat — which both sides said began over an anti-Trump sign — has taken on far greater proportions.

Persons: “, ”, Martha, Ann Alito, Samuel A, Alito Jr, Emily Baden, Alito, Baden, — Organizations: The New York Times, Court, Trump Locations: Fairfax County, Va, Alexandria, America

☆ AI fever is triggering a new hunt for tech talent on Wall Street. 5 recruiters outline in-demand tech roles that can pay from $250,000 to $2 million.
▼ + stars: | 2024-04-09 | by ( Bianca Chan | ) www.businessinsider.com time to read: +8 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewWall Street firms are switching into hiring gear. Banks, hedge funds, and private equity firms are back on the hunt for tech talent, several recruiters told Business Insider. Across the Street, finance firms are witnessing the AI transformation being led by tech giants like OpenAI and Nvidia. Hodzic added that, on average, the technology business at Selby Jennings is registering 25% more job orders a week compared to this time last year.

Persons: —, Giancarlo Hirsch, Deepali Vyas, she's, Vyas, Ben Hodzic, Selby Jennings, Hodzic, Glocomms, Hirsch, whittle, Banks, Andy Legg, Dennis Baden, Baden, Korn Ferry's Vyas Organizations: Service, Finance, Business, Blackstone, JPMorgan, Vyas, Nvidia, They're, Wall, Riviera Partners, Google, Banks Locations: Selby

☆ Want an A-lister like Rihanna to perform at your wedding? Here's how much it could cost you.
▼ + stars: | 2024-03-05 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"If you can afford it, why wouldn't you fly in your favorite artist to perform your favorite songs rather than simply listening to covers?" He had Beyoncé perform at a celebration for his daughter's 2018 wedding, and the next year had The Chainsmokers and Chris Martin at his elder son's wedding festivities. "Generally speaking, you will never beat the thrill of having a major artist perform at your wedding. That means stars may be more amenable to playing at a wedding or corporate party than previously.

Persons: Rihanna, Anant Ambani, Radhika Merchant, —, Bill Gates, Mark Zuckerberg, Ivanka Trump, India's, Mukesh Ambani, hasn't, Stuart McNeill, Craig David, Elton John, Nile Rodgers, Lady Gaga, Flo Rida, Sting, Andrea Bocelli, Kardashian, Chris Martin, it's, Ambani, Beyoncé, Alison Laesser, Alison Bryan, Keck, Usher, you'd, McNeill Organizations: Service, Business, Knightsbridge, Davos, Keck, Spotify, Apple, Forbes Locations: Gujarat, India, Baden, Chicago, New York, Dubai

☆ German authorities urge people to stay home amid deadly winter weather
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

[1/3] People walk at the park after snowfall on the grounds of the Charlottenburg Castle in Berlin, Germany, November 28, 2023. REUTERS/Fabrizio Bensch Acquire Licensing RightsNov 28 (Reuters) - Authorities in western Germany on Tuesday urged residents to stay home, warning of life-threatening danger, after a burst of winter weather led to hazardous roads, leaving two people dead. The sudden onset of winter led to several accidents and people being trapped in their vehicles due to slippery roads and fallen branches caused by snowfall in many parts of Germany. In Rheingau-Taunus district in the west of Hesse, 100 people were evacuated from their vehicles near Eltville-Martinsthal, while 70 people were trapped on the road near Linienbad. The German Meteorological Service (DWD) forecasts snow and sleet again in many federal states today, adding that the weather will persist in the coming days.

Persons: Fabrizio Bensch, Amir Orusov, Miranda Murray Organizations: REUTERS, Schwaebisch, German Meteorological Service, Thomson Locations: Charlottenburg, Berlin, Germany, Baden, Aalen, Denzerheide, Rhineland, Palatinate, Hesse, Eltville, Linienbad

☆ Swiss Museum in Financial Straits Sells Three Cézannes for $53 Million
▼ + stars: | 2023-11-10 | by ( Catherine Hickley | ) www.nytimes.com time to read: +1 min

Three paintings by Paul Cézanne that a Swiss museum foundation said it had to sell to ward off insolvency fetched $52.5 million, with buyer’s fees, at a Christie’s auction in New York last night. Markus Stegmann, the director of the Museum Langmatt in Baden, said that after subtracting buyer’s fees, its parent foundation will reap 42.3 million Swiss francs from the sale of the three paintings, enough to keep the museum operating. The money will be used to create an endowment that will secure the museum’s future. It’s a relief.”The Foundation Langmatt’s decision to sell the Cézannes earned wide criticism before the auction. The Swiss branch of the International Council of Museums, which said the sale was a clear breach of its guidelines for de-accessioning from museum collections, called for the paintings to be withdrawn.

Persons: Paul Cézanne, Markus Stegmann, ” Stegmann, “ Organizations: International Council of Museums Locations: Swiss, New York, Baden

☆ Museum Sells Restituted Cézanne for $39 Million
▼ + stars: | 2023-11-09 | by ( Kelly Crow | ) www.wsj.com time to read: 1 min

Paul Cézanne’s ‘Fruits and Jar of Ginger’ was won by an anonymous telephone bidder. Photo: Christie’s ImagesA Paul Cézanne still life sold for $39 million on Thursday as part of a fundraising effort by a beleaguered Swiss museum. The 1890-93 scene, “Fruits and Jar of Ginger,” was sold by Museum Langmatt in the Swiss community of Baden as part of a broader campaign to renovate its 1900-01 art nouveau villa and establish an endowment. Before the auction could happen, the museum reached a restitution settlement with the heirs of a Jewish collector who previously sold the Cézanne under duress.

Persons: Paul Cézanne’s, Ginger ’, Paul Cézanne, ” Organizations: Langmatt Locations: Swiss, Baden

☆ Amid Criticism, a Museum Says It Must Sell Its Cézannes to Survive
▼ + stars: | 2023-11-08 | by ( Catherine Hickley | ) www.nytimes.com time to read: +1 min

One of the Cézannes in particular, a still life titled “Fruits et pot de gingembre,” is a highlight of the Museum Langmatt in Baden, which houses a small collection of Impressionist works. The museum said it was financially necessary to sell the painting, and perhaps two others, to keep the foundation that owns it from insolvency. The still life is estimated to fetch $35 million to $55 million at an auction on Thursday at Christie’s in New York. “Bequests and donations come to museums because people think they will be safe,” said Bezzola, who argued the sale should be canceled. “All the important collections in Switzerland come from private donations and bequests, so this sends a terrible signal.”

Persons: Paul Cézanne, Tobia Bezzola, ”, Bezzola Organizations: International Council of Museums Locations: Swiss, Baden, Christie’s, New York, Switzerland

Pump jacks operate at sunset in an oil field in Midland, Texas U.S. August 22, 2018. REUTERS/Nick Oxford/File Photo Acquire Licensing RightsTOKYO/BEIJING, Sept 26 (Reuters) - Oil prices fell on Tuesday amid concerns that fuel demand will be crimped by major central banks holding interest rates higher for longer, even with supply expected to be tight. Higher interest rates slow economic growth, which curbs oil demand. With China's Golden Week holiday starting from Sunday, oil prices could gain support from a pick-up in travel and resulting oil product demand from the world's second biggest oil consumer. Oil prices have risen by around 30% since mid-year driven mostly by tighter supply, wiping off 0.5 percentage points from the global GDP growth in the second half of this year, according to JP Morgan.

Persons: Nick Oxford, Tina Teng, Moody's, Fitch, CMC's Teng, JP Morgan, Baden Moore, Katya Golubkova, Andrew Hayley, Sonali Paul Organizations: Midland , Texas U.S, REUTERS, Rights, Brent, U.S, West Texas, CMC Markets, U.S . Federal Reserve, European Central Bank, bbl, National Australia Bank, Thomson Locations: Midland , Texas, Rights TOKYO, BEIJING, Auckland, U.S, China, Russia, Saudi Arabia, Moscow, Tokyo, Beijing

☆ Why you should be traveling to Europe in fall, not summer
▼ + stars: | 2023-09-25 | by ( Terry Ward | ) edition.cnn.com time to read: +9 min

And now it’s fall, when the continent really comes into its own as the leaves – and visitor numbers – start to drop. A recent report from luxury travel network Virtuoso named Paris, London and Florence as the most booked cities for fall travel. “Fall is one of the best times to visit Europe because of the vast variety of interests [the season] can cater to,” says Mina Agnos, president of luxury travel company Travelive. If you’re ready for a different take on Europe this fall, we’ve got ideas. Fall also means it’s harvest time in Rebland – an area southwest of Baden-Baden famous for its Riesling.

Persons: ”, Mina Agnos, foodies, Brian Young, we’ve, Sérgio Duarte, Octant, Val, Culinarium Urtijei, Christopher Hill, Holger Leue, it’s, Jack Ezon, Samantha Pearson, Notte Bianca, Valery Bareta, Belle, Caracalla Organizations: CNN, EMEA, G, Gran Canaria, UNESCO, ADLER, Mallorca Locations: Europe, Paris, London, Florence, Spain, Portugal, Turkey, Croatia, Greece, Sicily, Slovenia, Gibraltar, Tenerife, Ibiza, Mallorca, Gran, Alentejo, Douro, Val Gardena, Dolomites, Italy, Northern Italy, South, Ortisei, Romania, Brasov, Baia Mare, Saxon, Moșna, Mallorcan, Pollença, Palma . Thessaloniki, Thermaic, Santorini, Greece’s, Balkans, Mount Olympus, Thessaloniki, Malta Malta, Malta, Gozo, Comino, Valletta, Madeira, Morocco, Terrabona, Funchal, Savoy, Baden, Germany Baden, Black, Friedrichsbad

A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. If there is still no deal by then, the unions will completely stop work for two weeks. Australia was the world's largest LNG exporter last year, shipping out 80.9 million metric tons of the fuel in 2022 versus 79 million tons in 2021, according to the International Gas Union. A prolonged strike could disrupt exports and raise prices of LNG, which is used for electricity generation. The same union alliance also secured agreements last year with Shell (SHEL.L) and Inpex (1605.T) at their LNG facilities in Western Australia.

Persons: Chevron, Wheatstone, Baden Moore, NAB's Moore, Emily Chow, Lewis Jackson, Florence Tan, Tony Munroe, Miral Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Rights, NEXT, Unions, International Gas Union, National Australia Bank, NAB, Woodside Energy Group, WHAT'S, Woodside, North West Shelf, Shell, Thomson Locations: Wheatstone, Western Australia, Rights SINGAPORE, SYDNEY, Australia, Japan, South Korea, China, Taiwan, Asia, Europe, Ukraine, Inpex, Woodside

☆ Euro jumps on inflation while dollar braces for jobs
▼ + stars: | 2023-08-31 | by ( ) www.cnbc.com time to read: +3 min

The lettering Euro can be seen on a 1 euro coin, taken on 10 August 2023, in Baden-Württemberg, Rottweil. The euro stood at a 15-year high on the yen on Thursday on signs of sticky inflation in Europe, while the dollar was squeezed ahead of consumption, inflation and jobs data that could add to evidence of a softening economy. Annual inflation in Germany and Spain barely slowed in August, against expectations, data on Wednesday showed. Europe-wide inflation data is also due later on Thursday, as is U.S. personal consumption data and core PCE — which is the Federal Reserve's favored inflation gauge. It has been steadying with traders wary of the risk of official intervention, and was last at 146.07 per dollar.

Persons: Sterling Organizations: Traders, China PMI, Federal, Commerce Department, ANZ Bank ., New Zealand, Aussie Locations: Baden, Europe, Germany, Spain, Asia, China, Australia, New Zealand, Japan, United States

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