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The economics of the Olympics
  + stars: | 2024-07-26 | by ( Alicia Wallace | Alex | Leeds Matthews | ) edition.cnn.com   time to read: +12 min
“This will be the first Olympics, since Sydney, where the total costs are coming in under $10 billion,” said Victor Matheson, a College of the Holy Cross professor of economics who has researched the financial costs of the Olympics. Workmen adjust banners on the 3x3 basketball venue located at La Concorde, in Paris, ahead of the 2024 Olympic Games. Additionally, the Paris Olympic Village will be converted into offices and housing in a historically impoverished neighborhood. Still, economists say, it may take more drastic moves in the future for the Olympics to be truly sustainable and economically sound. “I love the Olympics, and I love sporting events, but I just really do not think that the way the Olympics works now is a viable business model,” Phalin said.
Persons: , Victor Matheson, , “ It’s, David Gray, Andrew Zimbalist, ” Zimbalist, Michael Kappeler, it’ll, Fabrice Coffrini, Zimbalist, , Amanda Phalin, Christian Petersen, I’m, ” Phalin, you’ve, it’s, Andrew Medichini, shuttlecocks, Matheson, Phalin Organizations: CNN, Olympic, Paralympic Games, Paris Games, of, IOC, La Concorde, Getty, Mexico City Games, Montreal Games, Smith College, Olympics, Oxford University, Audit Board, Tokyo, Eiffel, Paris, University of Florida’s Warrington College of Business, Games, of Investment, Development Authority, French, ” Workers, Palais, AP Paris Locations: Paris, Sydney, La, AFP, Mexico, Munich, ” Los Angeles, Tehran, Beijing, Sochi, France, , Lake Placid , New York, Lake Placid, , Los Angeles, Oklahoma
In the capital Ankara, opposition parties are calling for mass deportations, and the government is calling on the Syrian regime it once sought to topple to help resolve the problem. Turkish President Recep Tayyip Erdogan is now publicly seeking a meeting with President Bashar al-Assad, the man he once labeled a terrorist, to reset relations. Before the Syrian civil war, the two leaders vacationed together, but years later, after the Syrian regime brutally crushed a public revolt, Erdogan sought to oust him from office and backed local forces fighting against him. Turkish troops remain in control of a swath of Syrian territory along the Turkish border where Syrian opposition groups are sheltering. Syrian opponents denounce the Turkish President's statements for normalization with the Syrian President Bashar al-Assad's regime in the city of Idlib, Syria on July 12.
Persons: CNN — It’s, Recep Tayyip Erdogan, Bashar al, Assad, vacationed, Erdogan, , ” Erdogan, , Bilal Bagis, “ It’s, ” Assad, Aaref Watad, Ali Yerlikaya, Ebubekir Hussamoglu, He’s, Anas, Mohammad Shbeeb, Abdullah Resul Demir, they’re, Shbeeb, didn’t, Cenk Ozatici, Iyi, Ozatici, Istanbul Mayor Ekrem Imamoglu Organizations: CNN, Turkish, International Refugee Rights Association, Ibrahim Usta, AFP, Getty, Party, European Union, Istanbul Mayor Locations: Turkey, Ankara, Turkish, Damascus, Syria, Afrin, AFP, Anatolian, Kayseri, Syrian, Antalya, Istanbul, Idlib, Gaziantep, Azaz, Ibrahim, Europe
Several European nations have reintroduced or expanded compulsory military service amid Moscow’s mounting threat, part of a range of policies aimed at boosting defenses that are likely to be scaled up even further. Compulsory military service was reintroduced on January 1 this year, after being abolished in 2006. In the UK, the Conservatives floated the idea of military service in their ill-fated election campaign. In Lithuania, for instance, opinions about military service among students vary, said Paulius Vaitiekus, president of Lithuania’s National Students’ Union. However as an alliance we do not prescribe mandatory military service,” Dakhlallah said.
Persons: , Robert Hamilton, Vladimir Putin “, Wesley Clark, we’ve, Clark, , Arturs Pīlācis, Ints Kalnins, Jonas Gahr Støre, Jens Bartnes, ” Bartnes, Max Henrik Arvidson, Boris Pistorius, Thomas Frey, Sean Monaghan, Paulius Vaitiekus, Vaitiekus, Monaghan, Hamilton, it’s, ” Radebo, Mikael Sjoberg, Russia’s, Farah Dakhlallah, Dakhlallah, ” Dakhlallah, ” Monaghan, Donald Trump –, ” Clark Organizations: CNN, Foreign Policy Research Institute, US Army, Allied, Europe, NATO, ” Latvian, Reuters, European Union, Conservatives, Federal, of Defense, Eurasia Program, Center for Strategic, International Studies, Lithuania’s, ’ Union, Finnish Defence Forces, Swedish Armed Forces, Marinette, Ministry of Defense, Bloomberg, Getty Locations: Russia, Ukraine, Kyiv, Europe, Eurasia, Kosovo, Scandinavia, Latvia, , Riga, Norway, Norwegian, Germany, B'chel, Lithuania, Ukrainian, NATO, Finland, Soviet Union, Sweden, NATO’s, Swedish, Gotland, Visby, Moscow, Crimea
The U.K.'s FTSE 100 was last seen up 40 points at 8,231, Germany's DAX 15 points higher at 18,464 and France's CAC up 7 points at 7,590. LONDON — European markets were headed for a higher open on Thursday as investors awaited the European Central Bank's interest rate decision. Asia-Pacific markets tumbled on the news from the chip sector overnight, with Japan's Nikkei 225 declining more than 2%. Back in Europe, the European Central Bank is expected to announce its latest interest rate decision Thursday. Markets are widely expecting the central bank to leave rates unchanged, but investors are hoping for guidance on the path ahead for monetary policy.
Persons: Boris Roessler, Germany's DAX Organizations: Getty, CAC, MIB, LONDON, Tech, Japan's Nikkei, Nasdaq, European Central Bank, Novartis, Volvo, Ubisoft, Nokia Locations: Hesse, Frankfurt, U.S, Asia, Pacific, Europe
CNN —Shiite Muslims across the globe on Tuesday observed Ashura, an annual commemoration mourning the seventh-century martyrdom of a grandson of the Prophet Mohammed. Ashura, or “the 10th day,” falls on the 10th day of Muharram, the first month in the Islamic calendar. Shiite Muslim devotees self-flagellate during Ashura rituals in New Delhi, India. Haidar Mohammed Ali/Anadolu/Getty ImagesA Shiite Muslim self-flagellates with curved knives on chains during an Ashura procession in Bengaluru, India. Bikas Das/APA "zuljanah," an ornately decorated horse representing Hussein's battle stallion, parades through the streets of Srinagar, Indian-controlled Kashmir.
Persons: Prophet Mohammed, Imam Hussein bin Ali’s, , , Kabir Jhangiani, Saurabh, Imam Hussein, Haidar Mohammed Ali, Idrees Mohammed, Bikas Das, Yawar Nazir, Ameer Al, Ahmad Al, Nasir Kachroo Organizations: CNN, Anadolu, Getty Locations: Karbala, Iran, Iraq, Azerbaijan, Pakistan, India, New Delhi, Ahmedabad, Nasiriyah, Bengaluru, AFP, Kolkata, Srinagar, Indian, Kashmir, Sadr City, Baghdad, Sopore
“He was someone who stood up and said ‘no.’ To have that sort of strength was something that inspired me,” says Adnan Khankan ahead of his Olympic judo debut in Paris later this month. Ed Kolenovsky/APConscription into the Syrian Army“I didn’t see it as my war, how could it be when it was Syrian people killing other Syrian people? The Syrian Civil War, which initially broke out in 2011, is now considered the biggest humanitarian crisis since World War II. Michael Kappeler/picture-alliance/dpa/AP“It really motivated me when I found out about the existence of a refugee team,” said Khankan. Adnan Khankan“The refugee team speak different languages, are different ethnicities, come from different cultures, but we are all one team competing together.
Persons: CNN — It’s, Muhammad Ali, Brown, , Ali, Adnan Khankan, Khankan, Bashar al, spiralled, ” Khankan, Ed Kolenovsky, Bashar Al, Assad, Diaa Al, , ” Adnan Khankan, Kirill Kudryavtsev, Mardini, Yusra Mardini, Michael Kappeler, Marius Vizer, Adnan, “ Adnan, Vizer, Adnan Khankan “, I’ve Organizations: CNN, International Olympic Committee, Syrian Army, CNN Sport, Al, Free Syrian Army, Reuters, taekwondo, Getty, Rio Olympics, IOC, Rio, Tokyo, Japan, Judo, International Judo Federation, UNHCR, , Olympic Locations: Vietnam, America, Paris, Cologne, Germany, Damascus, Syria, Houston, Arbeen, Ghouta, Tashkent, AFP, Turkey, Bulgaria, Serbia, Bosnia, Croatia, Hungarian, Cairo, Tokyo, Europe, Ukraine, Gaza, Sudan, East, Africa, Iran, Afghanistan, Cuba
Reuters —Germany plans to halve its military aid to Ukraine next year, despite concerns that US support for Kyiv could potentially diminish if Republican candidate Donald Trump returns to the White House. German aid to Ukraine will be cut to €4 billion ($4.35 billion) in 2025 from around €8 billion in 2024, according to a draft of the 2025 budget seen by Reuters. Germany has faced criticism for repeatedly missing a NATO target of spending 2% of its economic output on defense. Days after Russia’s 2022 invasion of Ukraine, Chancellor Olaf Scholz announced a “Zeitenwende” – German for historic turning point - with a €100 billion special fund to bring the military up to speed. The defense budget is set to receive a meagre €1.3 billion more than in 2024, far below the €6.7 billion requested by Pistorius.
Persons: Donald Trump, Christian Lindner, Trump, JD Vance, Olaf Scholz, Kay Nietfeld, Chancellor Olaf Scholz, Boris Pistorius, Pistorius . Scholz, Zelensky, John MacDougall, , , Ingo Gaedechens Organizations: Reuters, House, Group, German, Washington, Ukraine, Trump, NATO, Social Democrats, Greens, Defense, Getty, CDU Locations: Germany, Ukraine, , Europe, United States, Russia, Irpin, Kyiv, Berlin
CNN —When two US avocado inspectors were assaulted and detained at a police roadblock in the Mexican state of Michoacán last month, it sparked a costly international crisis. ‘Green gold’Avocados, the creamy fruit with the industry nickname “green gold,” are big business. Nearly three-quarters of Mexican avocados come from Michoacán, a state along the country’s Pacific coast with a volcanic belt running through it that makes its soil ideal for farming. The office of the Michoacán state prosecutor told CNN last month that they’ve opened an investigation into the incident. In 2022, exports of Mexican avocados were similarly halted for several days after one of the US inspectors working in Michoacán received a threatening phone call.
Persons: Weeks, , Ario de, Cristopher Rogel, ” Romain Le Cour, Alfredo Ramírez Bedolla, Mexico Ken Salazar, they’ve, , Le Cour, Michoacán, Andres Manuel Lopez Obrador, Victor Villalobos, Ken Melban, Brian, Melban, Brad Adams, ” Adams Organizations: CNN, US, US Department of Agriculture, Global, Transnational, Local, USDA, Plant Health, Service, Agriculture, , US State Department, AP, Climate Rights, US Forest Service Locations: Mexican, Michoacán, Mexico, Ario, Ario de Rosales, avocados, California, Michoacan
CNN —Depending on your age, the name Stan Smith probably means one of two things. Even Jordan doesn’t have his face on a sneaker.”Stan Smith during his victorious 1972 Wimbledon run. The rise in popularity of the Stan Smith sneaker coincided with a slump towards the end of his tennis career and it began permeating a wide array of cultures in the UK and US. “It was one of my goals to win that tournament,” Smith says. Stan Smith, Ilie Năstase and Tom Okker at a meeting of the Association of Tennis Professionals (ATP) in London, 20th June 1973.
Persons: Stan Smith, ” Smith, , it’s, , Cari, Jordan doesn’t, ” Stan Smith, Danny Lee, Smith, that’s, Stan Smith sneaker, David Bowie, , Pharrell Williams, Robert Haillet sneaker, Nicolas Armer, Horst Dassler, Donald Dell, Adidas Robert Haillet, Gary Aspden, ” Arthur Ashe, Arthur Ashe, Henry Burroughs, Ashe, ” Dell, Lyndon Johnson, Ashe couldn’t, Bob Lutz, LeBron James ’, Dell, Martin Luther King Jr, Tony Duffy, Allsport, Ashe’s, Arthur, ” Lee, Smith’s, Mark Mathabane, Marjory, Mathabane, Roger Jackson, wasn’t, Niki Pilić, Pilić, Smith –, Ilie Năstase, Tom Okker, Michael Webb, Stan Organizations: CNN, Adidas, Wimbledon, Hulton, Beastie Boys, Davis, Pasadena Tennis, US Davis, USA, Los Angeles Tennis Club, Americas, Civil, wouldn’t, Star ”, South, University of South, Central Press, International Tennis Federation, , Yugoslav Tennis Association, Tennis, Association of Tennis Professionals, Keystone Locations: Young, Paris, USA, French, Wimbledon, Pasadena , California, Pasadena, American, Mexico, America, Vietnam, Houston , Texas, United States, South Africa, Beverly Hills, Soweto, Alexandria, South African, Johannesburg, University of South Carolina, , London,
When your home becomes a tourist attraction
  + stars: | 2024-07-08 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +7 min
But for the people who actually do live in those homes, social media photography has changed what it means to live in a picturesque place. Once, she and a friend were walking his French bulldog when a tourist asked if they could “borrow” the pup for a quick photo op. Private lives, public placesIn that story, everybody had a good time. “I was once woken up at 6 a.m. on Easter Sunday by French teenagers taking pictures outside,” Johnston says. When private homes – and the people who live in them – become tourist attractions, clashes can occur.
Persons: you’re, Alice Johnston, Notting Hill, Julia Roberts, Hugh Grant, Johnston, ” Johnston, e.t.c, Lilit Marcus, they’ve, Chuck Henderson’s, Della, Frank Lloyd Wright, Clinton Walker, , Henderson, Walker, Wright, ” Henderson, , We’ve, ” Frank Lloyd Wright's, Chris Melzer, , Oliver Peoples, it’s Organizations: CNN, Hollywood, Residents, Notting, Carmel Heritage Society Locations: London, Notting, Portobello, , what’s, Hong Kong, Quarry Bay, California, American, Carmel, Pennsylvania, Paris, Alfama, Lisbon
Read previewBoeing has agreed to plead guilty to one count of fraud conspiracy, the Justice Department said in a Sunday court filing. In May, the Justice Department said Boeing failed to "design, implement, and enforce a compliance and ethics program." AdvertisementSunday's plea deal will see Boeing pay an additional $243.6 million — the same criminal penalty as in 2021. Advertisement"This sweetheart deal fails to recognize that because of Boeing's conspiracy, 346 people died," he said in a statement. Government contractsBy pleading guilty to fraud conspiracy, Boeing will have committed a felony — jeopardizing its government contracts.
Persons: , it's, Paul Cassell, Sunday's, Richard Blumenthal Organizations: Service, Boeing, Justice Department, DoJ, Business, Alaska Airlines, Street Journal, FBI
If, like me, you’re wondering about how to rest more, and rest better, you’re in luck. What makes for a creative life? What’s left is creative work, whether we call it “creative” or not. For instance, being a preschool teacher or a social worker or a sales rep is creative work: It requires judgment, empathy, decision making and problem solving. People who flourish in stressful, demanding jobs are ones who have good boundaries between work life and their personal lives.
Persons: Tess Taylor, CNN — It’s, you’re, Tess Taylor Adrianne, , unsustainably, Alex Soojung, Kim Pang, , Alex, Zoom, I’ve, Kim Pang Andreas Gebert, haven’t, It’s, I’m, What’s, I’d Organizations: , CNN, Research Locations: Silicon Valley, Cambridge
CNN —Hungary captain Dominik Szoboszlai has called for a change to medical protocols after the team’s striker, Barnabás Varga, sustained a serious injury during its match against Scotland on Sunday at Euro 2024. The 29-year-old’s teammates could be seen signaling for medical attention to be brought onto the pitch to help Varga. Cameras showed Szoboszlai seemingly in tears after the incident and appeared to be concerned at the speed at which the stretcher was being carried onto the pitch to help Varga. “It looked bad, it was bad, he felt bad,” Szoboszlai told reporters as he reflected on Varga’s injury. But seconds can help a lot.”Kevin Csoboth holds up the shirt with Varga's name on it after scoring for Hungary against Scotland.
Persons: Dominik Szoboszlai, Barnabás Varga, Varga, Angus Gunn, Kevin Csoboth, ” Szoboszlai, , “ It’s, don’t, Marijan Murat, , ” Csoboth, Marco Rossi, Organizations: CNN —, Scotland, Stuttgart, Hungarian FA, Hungary, CNN, UEFA, European, Locations: Scotland, Hungary, ” Hungary
How Gen-Z buyers are changing the bridal fashion business
  + stars: | 2024-06-21 | by ( Yola Mzizi | ) edition.cnn.com   time to read: +9 min
A bridal look from Collina Strada, presented at New York Fashion Week in September 2022. Aurora Rose/ShutterstockA bridal look from Sandy Liang, presented at New York Fashion Week in February 2023. Avalon/dpa/picture alliance/Sipa USAMillennial and Gen-Z brides-to-be like de Quesada are no longer shopping for just a wedding dress, but an entire wardrobe for pre- and post-wedding events. That breadth is propelling the global bridal wear market, which is projected to grow at a rate of 3.5 percent annually and is expected to reach $83.5 billion by 2030, according to the Global Bridal Wear Market Industry report. Efren Landaos/Sipa USAFor an emerging designer like Wiederhoeft, bridal is something of a safety net, serving as “a floating line of credit” for the rest of their business.
Persons: , Christyne de Quesada, ” de Quesada, , ShuShu Tong, Vera Wang, Gabriella Arango, Gucci, Collina Strada, Aurora Rose, Sandy Liang, de Quesada, it’s, , Caroline Crawford Patterson, Dua Lipa, Simon Porte Jacquemus, Marco Maestri, Arnold Jerocki, Crawford Patterson, Anthropologie, It’s, Jackson Wiederhoeft, Wiederhoeft, “ It’s, Efren, Millennials, Hillary Taymour, Taymour, JP Yim, Andrew Kwon's, Rodin, Andrew Kwon, Kwon, Brigitte Chartrand Organizations: The, Fashion, CNN, New York, Avalon, Cion Investment Corp, Abercrombie, Fitch, Census Bureau, Pew Research Center, Designers, ” Retailers, Ssense Locations: Venice, Italy, Mexico City, Miami, Shanghai, Florida, Dua, Charleval, France, New York, New, New York City, , Ssense
Does off-season travel exist anymore?
  + stars: | 2024-06-20 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +8 min
Then, you can plot a graph to see which months are higher and lower than that total to determine when the peak season is. “In Thailand, low season typically spans from April to September with April and May being really hot,” says Ponti. “During this low season the tourist volumes each month constitute more than 7% of the annual total. Angelos Tzortzinis/dpa/picture alliance/Getty ImagesArguably the biggest single factor affecting what we know as “peak season” travel is weather. “For me, the challenge is about finding the joy in those low seasons, finding those nuggets of gold.”
Persons: , Olivier Ponti, Ponti, Angelos Tzortzinis, Ged Brown, Mikey Sadowski, there’s, we’re, Sadowski, David Silverman, it’s, ForwardKeys ’ Ponti, Ann Woodward, , Woodward, , I’ve, , Brown, haven’t, ” Brown Organizations: CNN, United Nations, European Travel Commission, Intrepid, Travelers Locations: Italy, Hong Kong, Amsterdam, Japan, Canary, Spain, Thailand, Hawaii, Maldives, , , Athens, Greece, Europe, Denmark, Sweden, Nepal, Mexico, New York
Milan CNN —There are few things more synonymous with Italy in spring and summer than its beaches. Pines, agaves, the scents of salt and resin were inspiration for designer Massimo Giorgetti at MSGM as the label celebrated their 15th anniversary. “This collection speaks of encounters — ‘icontri’ — between the city and the beach and among people who love life,” said Napoli-born De Sarno. Actor Paul Mescal — a known fan of the short short — was sat front row at the Gucci Men's Spring-Summer 2025 show. A theme of reflective team spirit prevailed in sporty collegiate silhouettes featuring the Fendi crest comprising a squirrel, the Fendi stripe, and a Roman God.
Persons: Milan, Massimo Giorgetti, Justin Shin, Rimini —, Gabbana, Stefano Dolce, Domenico Gabbana, Vittorio Zunino Celotto, , Sabato de Sarno, , Napoli, De Sarno, William Finnegan’s, Paul Mescal —, Victor Boyko, Pixelformula, Sabato De Sarno's, Gucci, Ik, Prada, creased, tromp, Miuccia Prada, , Raf Simons, chimed Simons, tromp l’oeil, Ik Aldama, JW Anderson, Jonathan Anderson, Adrian Appiolaza, Lev Tanju, Karl Lagerfeld, Shutterstock, Daniele Venturelli, Silvia Fendi Organizations: Milan CNN, Dolce, Gucci, JW, Astra Marina Locations: Italy, Amalfi Coast, Milan, MSGM, agaves, Rimini, Ligurian Coast, Northern Ireland, Moschino, Northern Irish, Fendi, Italian
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
The family-favorite card game has been around for 52 years — but it may be more popular than ever. The game was recently featured in an episode of the TV series “Hacks,” when lead character Deborah Vance joins some old friends for a card game in Las Vegas, only to learn that instead of poker they’re playing Uno. It’s often there in the background in people’s homes — stacked on a shelf with other board and card games or stored in a drawer, ready for game nights and camping trips. The card game is now for sale in over 80 countries. In the first quarter of 2024, it was the second-most popular game in Circana’s traditional games category, right behind traditional Uno.
Persons: Uno, That’s, Michelle Parnett, Dwyer, , Morgan Coder, Kathleen Stoughton, Kim, Alisha Jucevic, Obama, Joe Jonas, Kylie Jenner, John Legend, Chrissy Teigen, Questlove, Taylor Swift, Jason Sudeikis, Deborah Vance, Lil Yachty, Uno Uno, Merle Robbins, Robbins, Parnett, Yu, Daniel Karmann, Ray Adler, Harry Potter, , Adler, It’s, ” Adler, today’s, “ It’s Organizations: CNN, Mattel, Strong, Museum of, Uno, Washington Post, Walmart, AP, Global, of, NFL, Toy Hall of Fame Locations: Rochester , New York, Portland , Oregon, Las Vegas, Ohio
CNN —A firefighter died while trying to rescue trapped residents and several thousand people were forced to leave their homes as heavy rain caused flooding in southern Germany. The 42-year-old man who died was in a rescue boat carrying four firefighters that capsized late on Saturday. Municipalities had days to prepare for the flooding but around 3,000 people had to be evacuated in southern Germany as the water cut off some areas, authorities said. Record floods occur every few years … record rainfall every few years,” Habeck, of the Greens Party, told broadcaster n-tv. Parts of Europe were hit by major flooding in 2021 that killed nearly 200, with Germany bearing the brunt.
Persons: , , Olaf Scholz, X, Scholz, Nancy Faeser, Armin Weigel, Robert Habeck, ” Habeck Organizations: CNN, Ilm, AP Economy, Greens Party Locations: Germany, Bavarian, Pfaffenbach, Munich, Municipalities, Bavaria, Europe
Photo: Oliver Weiken/dpa (Photo by Oliver Weiken/picture alliance via Getty Images)Saudi King Salman will undergo treatment at Al Salam Palace in Jeddah for a lung inflammation, the state news agency said on Sunday, hours after he underwent medical tests. Citing the royal court, the state news agency said the 88-year-old king would be treated with antibiotics until the inflammation subsides. Earlier on Sunday, King Salman underwent medical tests at the royal clinics at Al Salam Palace due to "high temperature and joint pain", the Saudi state news agency said. King Salman, the custodian of Islam's holiest sites, became ruler of the world's top oil exporter in 2015 after spending more than 2-1/2 years as the crown prince and deputy premier. Saudi Arabia's embassy in Japan did not immediately respond to a request for comment about the crown prince's cancelled trip.
Persons: Abdel Fattah el, Saudi King Salman bin Abdulaziz Al Saud, Jean, Claude Juncker, Oliver Weiken, Saudi King Salman, King, Prince Mohammed bin Salman, Yoshimasa Hayashi, King Salman of, Prince Mohammed's, Hayashi, King Salman, Jake Sullivan, Emperor Naruhito, Fumio Kishida Organizations: Arab League, European Union, of Arab, Getty Images, Al Salam, Saudi, Al, U.S . National Locations: Egypt, Sharm El, Saudi King, Sharm, Saudi, Jeddah, Japan, Saudi Arabia, King Salman of Saudi Arabia, Tokyo, Washington, Riyadh, Saudi Arabia's
Read previewBoeing could face criminal charges after the Justice Department determined the planemaker violated a deferred prosecution agreement (DPA). The DPA, reached in 2021, meant Boeing didn't face charges related to the deaths of 346 people in two 737 Max 8 crashes in 2018 and 2019. AdvertisementIt added: "For failing to fulfill completely the terms of and obligations under the DPA, Boeing is subject to prosecution by the United States." AdvertisementThe Justice Department is continuing to meet with the families of victims of the 2018 and 2019 crashes, as it determines whether to bring charges against Boeing. The Justice Department told the court it will decide whether to prosecute Boeing by July 7.
Persons: , Max, Robert Clifford Organizations: Service, Justice Department, DPA, Boeing, Business, Alaska Airlines, DoJ, BI, Department, Ethiopian Locations: United States, Alaska
CNN —The US Justice Department on Tuesday notified Boeing that it breached terms of its 2021 agreement in which the company avoided criminal charges for two fatal 737 Max crashes. The notification comes as the Justice Department conducts a new investigation into Boeing’s operations in the wake the door plug incident. The earlier deal had resolved a fraud investigation related to the company’s development of its 737 Max aircraft. Under its deferred prosecution agreement from January 2021, Boeing paid $2.5 billion in penalties and promised to improve its safety and compliance protocols. In March, the FAA identified more potential safety issues with the engines of the 737 Max and 787 Dreamliner.
Persons: Max, , Reed O’Connor, Biden, Paul Cassell, ” Cassell, Organizations: CNN, US Justice Department, Boeing, Alaska Airlines, Department of Justice, Justice Department, Max, Lion, Justice, Air Force, Transportation Safety Board, Federal Aviation Administration, FAA Locations: United States, Fort Worth , Texas
Preparation and being in the right place at the right time is how he said he's built up his real-estate portfolio in Erie County, Pennsylvania, over the last four decades. Throughout his real-estate investing journey, many of Miller's deals came about through seller financing and being at the right place at the right time. Another financing strategy Miller employed to build his portfolio was using a hard-money lender. "Hard-money lending is probably something that's going to help you grow your portfolio faster than any other thing," Miller said. "Most of these programs range anywhere from a hundred percent financing all the way up to 105% financing, depending on the state."
Persons: Joel Miller, he's, Miller, Miller —, , Miller's, Jeff Welgan, Freddie Mac's, Welgan Organizations: Business, Facebook, Housing Act Locations: Erie County , Pennsylvania, New
Photo: Christoph Soeder/dpa (Photo by Christoph Soeder/picture alliance via Getty Images)After years of China being Germany's main trading partner, the U.S. looks like it's quietly taking that top spot as the year progresses. Several factors played a role in the change, Carsten Brzeski, global head of macro research at ING Research, told CNBC. […] At the same time, decoupling from China, weaker domestic demand in China and China being able to produce goods it previously imported from Germany (mainly cars) reduced German exports to China," he said. China has been Germany's biggest trading partner for years, but the gap between China and the U.S. narrowed in recent years. The U.S. has also long been a bigger market for German exports than China, Holger Schmieding, chief economist at Berenberg Bank, told CNBC.
Persons: Habeck, Christoph Soeder, it's, Carsten Brzeski, Holger Schmieding, China's, Schmieding Organizations: German, Getty, U.S, CNBC, Reuters, ING Research, Berenberg Bank Locations: Germany, China, U.S
“People are like ‘OK, Sweden is the spiritual home of Eurovision’ – I see Eurovision as this moving entity,” she tells CNN. “The whole product, ABBA, is a vibe, isn’t it?”ABBA sing "Waterloo" at Eurovision 50 years ago. But ABBA are the past; Baby Lasagne, Windows95Man and Nemo – a person, not a fish – are very much the present. This year’s slim favorite is Baby Lasagne, whose arena-pounding anthem “Rim Tim Tagi Dim” describes a brain drain affecting Croatian towns. He credits his fiancée with helping him launch his career – “She’s the lasagne, and I’m just the baby,” he tells CNN.
Persons: Paul Anka, Abba –, Loreen, , , Loreen –, they’ve, ” Loreen, Olle Lindeborg, Lasagne, Nemo, Sarah Bonnici, aga, you’d, Music ”, Dominic Lipinski, Marcus, Martinus, , – “, I’m, Switzerland’s Nemo, ” Nemo, ” Joost Klein's, Jens Büttner, Joost Klein, Teemu Keisteri, he’s, Windows95Man, it’s, Belgium’s Mustii, Bonnie Tyler’s, Sanjin, Marina Satti, Hera Bjork, ” Saba, Slimane, who’s, ” Poland’s Luna, Jeff Spicer, ” we’re, Luna “, doesn’t, we’re, ” Portugal’s, … “, Alyona Alyona, Jerry Heil, Jens Bittner, ” Joost Klein, bro, airdropped, Angelina, Greta Thunberg, Eden Golan, audibly, they’ll, oddballs gunning Organizations: CNN, Waterloo, Malmo, Eurovision, Getty, Pulitzer, aga … aaa, aaa, United, Music, MAG, San, ” “ Hurricanes, Israel, European Broadcasting Union Locations: Sweden, AFP, Malmo, Europe, Armenia, wail, Gaza, Israel
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