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☆ French rail network hit by 'acts of sabotage' in latest transport woes for Paris during the Olympics
▼ + stars: | 2024-07-26 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Read previewFrance's rail network has been hit by a series of "malicious acts" that have damaged transport routes leading to the capital, causing cancellations and disruption just hours before the Paris Olympics opening ceremony. AdvertisementThough several Olympic events are being held outside Paris, Attal highlighted the impact on French families leaving for vacation this weekend rather than on the Olympics. Michel Euler/ APThe attacks also add more pressure to concerns over whether Paris' transport infrastructure can manage the Olympic crowds. Officials promised to reinvigorate the transport system after Paris won the Olympic bid. But, in November 2023, the mayor of Paris said there were parts of the city where "transport will not be ready and there will not be enough trains," according to French radio network RFI.

Persons: —, Gabriel Attal, Attal, Brian Snyder, Michel Euler, Jimmy Brun, France24 Organizations: Service, SNCF, Business, South, Lille, Railway, Reuters, Eurostar, Paris, RFI, Paris Metro, Paris's Metro, Bloomberg Locations: Atlantique, Northern, Paris, Bordeaux, France, Strasbourg, Germany, London, Seine, Paris's

☆ Fun or frightening? A brief history of Olympic mascot design
▼ + stars: | 2024-07-08 | by ( Leah Dolan | ) edition.cnn.com time to read: +7 min

Stephane De Sakutin/AFP/Getty Images Merchandise featuring Beijing mascot Bing Dwen Dwen, the 2022 Winter Olympics mascot, has been extremely popular. MARTIN BERNETTI/AFP/AFP via Getty Images Rio 2016 Olympic mascot Vinicius was selected four years before the Games kicked off. Rudi Blaha/AP Syd the platypus, Millie the echidna and Olly the kookaburra, helped represent the Sydney 2000 Olympic Games. Amicar de Leon/AP The Albertville Olympic Games in 1992 was cheered on by a star-shaped gnome-looking character. International Olympic Committee In pictures: Olympic Mascot History Prev NextTo find a worthy representative, each host country will typically organize a submission call-out or contest.

Persons: snowmen, Aline Lafargue, “, Lafargue, Stephane De Sakutin, Bing Dwen Dwen, Lintao Zhang, Maja Hitij, MARTIN BERNETTI, Vinicius, Alex Ferro, Andrej Isakovic, Mo Farah, Adrian Dennis, Jeff Vinnick, Amy Sancetta, Michael Sohn, Rudi Blaha, Syd, Olly, Claro, Eric Draper, Izzy Whatizit, Ross Kinnaird, Michel Euler, Amicar de Leon, Nicolas Le Corre, David Cannon, Sam, Eagle, Tony Duffy, Howdy, Dieter Endlicher, Misha, Armin Weigel, AP Shuss, Iris, ”, Millie Organizations: CNN, Olympic Games, International Olympic Committee, Grenoble Winter, Getty, Tokyo, Games, Reuters, Sochi, Getty Images Beijing, Winter Games, Sydney, Lillehammer Games, Albertville Olympic, Disney, International Olympic, Moscow's, AP, Dachshund, Olympics, Olympic, International, Sochi Winter Games, Angeles Summer, London Games, Soyuz Locations: France, Paris, AFP, Beijing, Vancouver, Canada, China, Turin, Italy, Athens, Salt Lake, Snowbasin , Utah, Claro Cortes, Japan, EMPICS, Barcelona, Barcelona's Port, South Korea, Sarajevo's Yugoslavia, Calgary , Alberta, Lake Placid, Munich, Innsbruck, Kitzbuhel, Austria, Algonquin, Russia, Sydney, Australia

☆ Grigory Rodchenkov: ‘The Russian flag and anthems have become symbols of murder and rape,’ says doping whistleblower
▼ + stars: | 2024-02-07 | by ( Molly Stazicker | ) edition.cnn.com time to read: +10 min

CNN —Much like Mark Twain, Russian doping whistleblower Dr. Grigory Rodchenkov says that reports of his death have been greatly exaggerated. “There is no question that – if the IOC wants to have any credibility – it would ban them [Russian athletes] for 10 years, no less,” Rodchenkov said. Michel Euler/AP/FILEInternational sporting federations have the first say on whether Russian and Belarusian athletes can even attempt to qualify for the Olympics. “The only way to bring it to an end is to prosecute the organizers under the Rodchenkov Anti-Doping Act. Lira is the first person to be charged and convicted under the Rodchenkov Anti-Doping Act.

Persons: Mark Twain, Grigory Rodchenkov, Rodchenkov, –, Grigory Rodchenkov ”, Jim Walden, Oscar, Russia’s, Rodchenkov’s, ” Rodchenkov, That’s, ” Grigory Rodchenkov, Vladimir Putin, ”, Dmitry Peskov, Michel Euler, it’s, doesn’t, Walden, “, didn’t, ‘, “ It’s, haven’t, Matthieu Reeb, WADA, Eric Lira, Lira, who’s, Dewayne Barrett, Wright –, Barrett’s, Wright didn’t Organizations: CNN, CNN Sport, Netflix, International Olympic Committee, IOC, Paris, Russian Olympic, Olympic, Athletics, BBC, Weightlifting, Doping Agency, Tokyo Games, Liberian, Tokyo Olympics Locations: Sochi, Russia, Russian, Paris, Ukraine, Belarus, Soviet, Ukrainian, Bucha, Belarusian, ’, Texas, Walden, Nigeria, Switzerland, United Kingdom

☆ Everything we know about Quentin Tarantino's 10th and final movie reportedly starring Brad Pitt
▼ + stars: | 2024-02-02 | by ( Olivia Singh | ) www.businessinsider.com time to read: +5 min

The legendary director is currently working on "The Movie Critic," which he says will be his 10th and final film. For more than a decade, Tarantino has declared that he wants to stop directing films after his 10th movie. During a 2019 press conference for Once Upon a Time in Hollywood," Tarantino said that he's envisioned his final movie as "a little more epilogue-y." The movie is inspired by a real-life film critic who worked for a pornography magazineWhen "The Movie Critic" was first reported to be in the works back in March, the premise was a little bit different. Brad Pitt is reportedly set to star in 'The Movie Critic'Brad Pitt has starred in two of Quentin Tarantino's previous movies.

Persons: —, Quentin Tarantino's, Tarantino, he's, Quentin Tarantino, Django, John Shearer, Chris Wallace, Steven Soderbergh, David Lynch, Hayao Miyazaki, Pauline Kael, Leonardo DiCaprio, Pitt, Brad Pitt, Michel Euler, it's, Aldo Raine, Cliff Booth, Oscar Organizations: Service, Business, Playboy, Hollywood Reporter, New, Cannes, Hollywood Locations: Hollywood, Los Angeles, New Yorker, California

[1/4] Twitter, X Corp., and Tesla CEO Elon Musk poses with French President Emmanuel Macron prior to their talks, Monday, May 15, 2023 at the Elysee Palace in Paris, France. Some 200 business leaders attending the event in Versailles close to Paris have so far made commitments to invest a combined 13 billion euros ($14 billion), the most since Macron first held the summit in 2018, his office said. Musk, who also lunched with Finance Minister Bruno Le Maire, said he was confident Tesla would make "significant investments" in France in the future, without giving a timetable. "No announcement today but I am very impressed with President Macron and the French government and how welcoming they are," he told reporters. Morgan Stanley plans to increase headcount in France by 200 by 2025, bringing total staff in the country to 500.

☆ Fed economists say the central bank will have to cause serious pain to Americans and the economy if it sticks to its current path
▼ + stars: | 2023-02-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

In the Fed minutes released this week, the central bank's own economists have started to sound the alarm on a recession. Jerome Powell, for his part, has insisted that the Fed's 2% inflation target is set in stone. The jobless rate today stands at 3.4%. We will have other things to worry about at that point besides whether the Fed's inflation target should be 2.0 or 2.75 percent." How realistic do you think the Fed's 2% inflation target is?

☆ Banks vs. Fintechs: Why all the billions in the world can't help Wall Street crush its digital rivals
▼ + stars: | 2023-01-05 | by ( Bianca Chan | Reed Alexander | ) www.businessinsider.com time to read: +15 min

To compete, banks have written fat checks to acquire fintechs — tech, talent, and all. But on Wall Street, old habits die hard, and Goldman has struggled to make Marcus, a big fintech bet, a success. Since the beginning of the pandemic, Wall Street leaders have been at the helm of a push to get their employees back to their desks. It's more that the very things that make Wall Street, well, Wall Street are preventing it from embracing the ethos of Silicon Valley. And perhaps, for Wall Street, that's the moral of the story.

☆ Trafigura enters $3 bln loan to supply Germany's Sefe with gas
▼ + stars: | 2022-12-05 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, Dec 5 (Reuters) - Commodities trading firm Trafigura on Monday said it has entered into a $3 billion four-year loan to supply gas to German gas trader Sefe, formerly known as Gazprom Germania, and help Europe's largest economy secure volumes long-term. The deal comes as Germany is struggling to replace Russian gas volumes, formerly its biggest source but supply of which was fully stopped in August, with alternatives. The loan is jointly arranged and underwritten by Deutsche Bank (DBKGn.DE) and another international bank. The loan is partly secured by a guarantee under the Untied Financial Loan program of the German government acting through the German Export Credit Agency Euler Hermes AG, a division of Allianz (ALVG.DE). Trafigura said it would mainly use existing quantities from its global gas and LNG portfolio to cover supplies to Sefe.

[1/2] French President Emmanuel Macron delivers a speech as he hosts a reception for the mayors of France, at the Elysee Palace, in Paris, France, November 23, 2022. The visit also highlights the unique way that Macron has raised France's profile on the world stage, and particularly in the United States. From Beirut to Bangkok, and from the Kremlin to the White House, he has sought to place himself at the center of every crisis, with a flair for seizing the moment. The White House defends the bill as necessary to boost the electric vehicle industry and other clean energy initiatives, saying subsidies play an important role. After Biden apologized publicly, Macron seemed less than mollified, saying "Trust is like love: Declarations are good, but proof is better."

☆ Bono Is Still Trying to Figure Out U2 and Himself
▼ + stars: | 2022-10-24 | by ( David Marchese | ) www.nytimes.com time to read: +28 min

Mamadi Doumbouya for The New York Times Talk Bono Is Still Trying to Figure Out U2 and HimselfThere are different Bonos to different people, including the man himself. You say, “But you’re U2 — you don’t need that.” What’s interesting is that we want that. But I also wrote the book to try to figure out what was going on with U2. They sound like U2 songs. Do they sound like U2 songs?

☆ A recession is looming, but for JPMorgan's Jamie Dimon all signs point toward business as usual when it comes to hiring and tech spend
▼ + stars: | 2022-10-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

But first, how did those bank earnings go? JPMorgan's Jamie Dimon. Before we kick things off, let's give a quick recap on the state of play with bank earnings. And for JPMorgan's Jamie Dimon, the message was largely one of confidence. The plans JPMorgan laid out in May around its tech spend were "pretty much on track," Dimon said.

☆ As the 3rd-quarter reporting season begins, markets are bracing for signs of a recession that could send stocks into a deeper bear market
▼ + stars: | 2022-10-11 | by ( Jason Ma | ) www.businessinsider.com time to read: +6 min

The Fed's aggressive tightening is setting off more warnings about a recession and fallout for the stock market. Ahead of JPMorgan's quarterly report, CEO Jamie Dimon said the economy is on the verge of a recession, and the stock market could fall another 20%. But most importantly, it's Russia's war against Ukraine that is most unsettling to markets and poses a great risk. Meanwhile, billionaire hedge fund manager Paul Tudor Jones said a "recession playbook" could see stocks fall 10% further. PayPal stock fell after a botched roll-out of an acceptable use policy update that included big fines for the promotion of misinformation.

☆ Crypto parties are still raging in the bear market. Here's what it's like at Mainnet, where tickets cost $2,100 and attendees network on yachts.
▼ + stars: | 2022-09-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Crypto enthusiasts, Web3 founders, and investors convened at Messari Mainnet in New York City this week. The tone was firmly upbeat, despite bitcoin, ether, and other digital assets struggling through a bear market. "The bear market just means more building"Nathani, like a dozen other attendees I spoke to this week, is shrugging off the crypto winter and is increasingly upbeat about what comes next. "The bear market just means more building," Brandon Rochon, lead data scientist at Covalent told Insider. Those who have been in the crypto space for long enough, he said, understand the next wave of crypto adoption is still coming, whether the economy is choppy or not.

☆ Factbox: Meet the big bank CEOs set to be grilled by Congress
▼ + stars: | 2022-09-20 | by ( Pete Schroeder | ) www.reuters.com time to read: +5 min

In his prepared testimony, Moynihan touted the firm's focus on "responsible growth" as critical to its stability and strength. CITIGROUP INCJane Fraser, the first woman to lead a major Wall Street bank, was appointed in March 2021. In her prepared testimony, Fraser said the bank had made "significant progress" in divesting from those areas, while supporting institutional clients. U.S. Bancorp is currently the fifth largest bank in the U.S. with $582 billion in assets, and the largest bank outside of the "globally systemic" firms. Rogers describes the bank as "purpose-driven" in his prepared testimony, and highlighted efforts to boost investment in lower income and majority-minority communities.

☆ Big U.S. bank CEOs to be grilled by Congress on consumer, social issues
▼ + stars: | 2022-09-19 | by ( Pete Schroeder | ) www.reuters.com time to read: +5 min

The line-up includes the CEOs of the four largest U.S. banks: JPMorgan's Jamie Dimon, Bank of America's Brian Moynihan, Citi's Jane Fraser and Wells Fargo's Charles Scharf. They will be joined by USBancorp (USB.N) CEO Andy Cecere, PNC Financial (PNC.N) CEO William Demchak, and Truist Financial CEO William Rogers, who run the country's largest regional lenders. That's a message the banks' executives, lobbyists, and trade groups have conveyed during a marathon of private meetings with key lawmakers over the past few weeks, the sources said. But bank executives are also wary of growing criticism from Republicans, traditionally allies who have pushed back against heavy regulation, over what they see as Wall Street's increasingly liberal leanings on environment and social issues. While executives faced some critical questions from Republicans on such issues last year, the pressure will be greater this time, said analysts.

☆ Оценены потери мировой экономики от блокировки Суэцкого канала
▼ + stars: | 2021-03-29 | by ( Mld Media Srl | ) noi.md time to read: +2 min

Эксперты оценили потери мировой экономики от перебоев в цепочках поставок. «По оценке Euler Hermes, каждая неделя блокировки Суэцкого канала приведет к снижению годовых темпов роста мировой торговли на 0,2-0,4 процентных пункта», — говорится в исследовании. Одновременно эксперты отметили, что блокировка Суэцкого канала — не единственное препятствие для мировой торговли. Все это может привести к сокращению реального прироста мировой торговли на 1,4 процентных пункта, что составляет примерно 230 миллиардов долларов. В конце марта судно Ever Given, находящееся в долгосрочном управлении тайваньской Evergreen Group, село на мель в южной части Суэцкого канала, которая не имеет дублеров.

Persons: Euler Hermes, Euler, Brent —, Brent Organizations: Evergreen Group, Лента.ру Locations: Суэцкий канал, Большое Горькое озеро

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