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The Nobel Prize in literature was awarded Thursday to South Korean author Han Kang for what the Nobel committee called “her intense poetic prose that confronts historical traumas and exposes the fragility of human life.”Mats Malm, permanent secretary of the Swedish Academy’s Nobel Committee, announced the prize in Stockholm. Han, 53, won the International Booker Prize in 2016 for “The Vegetarian,” an unsettling novel in which a woman’s decision to stop eating meat has devastating consequences. The literature prize has long faced criticism that it is too focused on European and North American writers of style-heavy, story-light prose. On Wednesday, three scientists who discovered powerful techniques to decode and even design novel proteins were awarded the Nobel Prize in chemistry. The prize carries a cash award of 11 million Swedish kronor ($1 million) from a bequest left by the award’s creator, Swedish inventor Alfred Nobel.

Persons: Han Kang, ” Mats Malm, International Booker, Annie Ernaux of, Victor Ambros, Gary Ruvkun, John Hopfield, Geoffrey Hinton —, Alfred Nobel Organizations: International, North Locations: Korean, Swedish, Stockholm ., Annie Ernaux of France

☆ Unilever sells its business in Russia
▼ + stars: | 2024-10-10 | by ( ) edition.cnn.com time to read: +2 min

Unilever, owner of brands including Dove soap and Hellmann’s mayonnaise, said Thursday that it has completed the sale of its Russian business to Arnest Group, a local manufacturer of perfume, cosmetics and household products, for an undisclosed amount. The British consumer goods company said the sale includes all of its business and four factories in Russia as well as its business in Belarus. “Over the past year, we have been carefully preparing the Unilever Russia business for a potential sale. The Kremlin demands a discount of at least 50% on exit deals involving firms from what it calls “unfriendly” countries — those that have imposed sanctions against Russia. The exodus of firms from Russia has cost foreign companies more than $107 billion in writedowns and lost revenues, according to a Reuters analysis in March.

Persons: Hein Schumacher, Unilever’s, ” Schumacher Organizations: Unilever, Arnest Group, “, Unilever Russia, Kremlin, Russia, Arnest, Danone Locations: Russia, Belarus, Ukraine, writedowns

☆ Italgas-2i Rete Gas deal will 'create a European champion', Italgas CEO says
▼ + stars: | 2024-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailItalgas-2i Rete Gas deal will 'create a European champion', Italgas CEO saysItalgas CEO Paolo Gallo discusses the company's acquisition of 2i Rete Gas and the firm's strategic plan between 2024-2030.

Persons: Paolo Gallo Organizations: Gas, 2i Rete Gas

☆ European markets set for higher open as investors brace for U.S. inflation data
▼ + stars: | 2024-10-10 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European markets are heading for a positive open Thursday as investors await the latest U.S. inflation data for more signs that price pressures are easing. Economists polled by Dow Jones anticipate a 0.1% increase on a monthly basis, and a 2.3% advance over the prior 12 months. The result will also inform the Federal Reserve's next steps on policy at its November meeting. Fed funds futures trading data suggests a roughly 70% likelihood of a quarter-point cut, according to CME Group's FedWatch tool. U.S. stock futures were little changed Wednesday night, while Asia-Pacific markets opened mostly higher on Thursday, buoyed by gains on Wall Street on Wednesday.

Persons: Dow Jones Organizations: Federal, Dow Jones Locations: Asia, Pacific

☆ Far-right conspiracy site Gateway Pundit settles 2020 defamation lawsuit brought by Georgia election workers
▼ + stars: | 2024-10-10 | by ( Marshall Cohen | ) edition.cnn.com time to read: +2 min

Washington CNN —Gateway Pundit, the far-right conspiracy site, has settled a defamation lawsuit from two Georgia election workers who were falsely accused of rigging the 2020 results. The Gateway Pundit, infamous for publishing extremely partisan and sensationalized material, often dabbles in baseless right-wing conspiracy theories. The company tried to declare bankruptcy in April, saying the 2020 defamation cases were threatening its solvency. Gateway Pundit is appealing that ruling. Freeman, Moss and Giuliani have a major hearing on the debt-collection efforts scheduled for next week in federal court in New York.

Persons: Ruby Freeman, Shae Moss, Rudy Giuliani, Jim Hoft, Donald Trump, Freeman, Moss, Giuliani, CNN’s Katelyn Polantz Organizations: Washington CNN —, Trump, CNN, New York Yankees Locations: Georgia, Decemeber, New York

☆ Voting in the UK and French elections taught me a concerning lesson that Americans should heed when heading to the polls
▼ + stars: | 2024-10-10 | by ( Benjamin Chadwick | ) www.businessinsider.com time to read: +10 min

Benjamin Chadwick — a dual citizen of France and the UK — voted in two national elections this year. Emmanuel Macron ran with a centrist campaign, while Marine Le Pen, leader of the National Rally, campaigned on anti-immigration and nationalist ideals. Related storiesLe Pen became leader of France's right-wing populist "National Front" party in 2011 and renamed it "National Rally" in 2018. AdvertisementIn the lead-up to the UK election on July 4, opinion polls predicted a huge majority for the center-left Labour Party. In France, I feared the National Rally would capitalize on their European victory and take control of the Assembly.

Persons: Benjamin Chadwick —, there's, —, Emmanuel Macron, Pen, Macron, Le, I've, France's, Boris Johnson, Donald Trump, Trump, Liz Truss, Sunak, Rishi Sunak's, he's, Le Pen's, Nigel Farage, I'm, Kamala Harris Organizations: Service, European Union, National, Conservatives, Labour Party, National Rally, EU, Conservative, Britons, Labour, Reform, Populist, Trump Locations: France, England, Paris, Trump, Brexit, Europe, Britain, Johnson's, stoke

☆ Delta says travelers are trading scorching summer Europe trips for fall getaways
▼ + stars: | 2024-10-10 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

A woman uses an umbrella to protect herself from the sun as she passes past the Colosseum during an intensely hot day in Rome, Italy, on July 11, 2024. Summer trips to Europe are getting too hot for thousands of tourists. Delta Air Lines President Glen Hauenstein said travelers are opting out of flying to Europe during the traditional summer peak travel season. Corporate [travel] we haven't seen much change year over year but it's continuing to shift travel to Europe in particular from July and August peak to a September and October peak." Summer this year in the Northern Hemisphere was the hottest on record, according to the European Union's climate monitor.

Persons: Glen Hauenstein, Hauenstein Organizations: Delta Air Lines Locations: Rome, Italy, Europe, Northern Hemisphere

☆ Airbus monthly deliveries fall, piling pressure on annual target as production woes persist
▼ + stars: | 2024-10-10 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Airbus reported lower monthly deliveries late on Wednesday, putting its annual production target under pressure as supply chain struggles continue to plague the industry. The company said at the time it was facing "persistent specific supply chain issues mainly in engines, aerostructures and cabin equipment." For September it picked up another 235 orders, taking the annual total to 648. But production challenges and supply chain shortages across the whole aviation industry mean that manufacturers cannot get planes out as fast as they want. Airbus has a new model called the A321XLR, set to be the world's longest-range single-aisle aircraft, due to launch customer Iberia in the coming months after numerous delays.

Organizations: Airbus Locations: Seville, Andalusia, Spain, Delta

☆ Here are the best and worst-case scenarios for Google in its battle with the DOJ
▼ + stars: | 2024-10-10 | by ( Hugh Langley | ) www.businessinsider.com time to read: +6 min

AdvertisementFor years, the US Justice Department's lawsuit against Google's Search business has been largely ignored by Wall Street and even many of Google's employees. They also include sharing some of Google's search data with rivals. The DOJ is also considering cracking open Google's search index and forcing it to share data, including the nitty-gritty of how Google ranks website quality. The DOJ said this could include the models used for Google's AI Search features. AdvertisementThe DOJ has said it's also weighing a proposal that websites can opt out of Google's AI training and from appearing in AI search results altogether.

Persons: —, Department's, Bernstein, Amit Mehta, Dan Morgan, monetization, Max, Morgan, Dan Ives, Liz Reid, Marissa Mayer, it's, It's Organizations: US Justice Department, Google, Analysts, Service, Google's, Wall, DOJ, Apple, European Union, Chrome, Wedbush, Tech, Media, Finance, Sunshine Locations: European, Europe

☆ Stellantis is struggling. Here's why
▼ + stars: | 2024-10-10 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +3 min

American car brands Jeep, Ram, Dodge and Chrysler are struggling under their new owner. The European-American giant Stellantis is the world's fifth-largest automaker by volume, according to S&P Global Mobility. But Stellantis did better than that. 2023 was a banner year: record sales, record profits, record free cash flow. Out of all brands in the U.S., Stellantis vehicles have some of the highest inventories of vehicles on dealer lots, according to Cox Automotive.

Persons: Daniel Roeska, Bernstein, Stellantis, Stephanie Brinley, Carlos Taveres, Roeska Organizations: Dodge, Chrysler, P Global Mobility, Groupe PSA, Italian Fiat Chrysler, Products, Jeep, RBC Capital, Cox Automotive, United Auto Workers Locations: Italian, North America, U.S, America, China

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Stellantis is strugglingMerging some of America's legacy car brands with big European ones made Stellantis the world's fifth largest automaker in 2021. Just three years later, Stellantis is struggling, and its troubles lie specifically with its North American business – home to Jeep, Ram, Dodge and Chrysler. Critics, including its own dealers, say the company raised prices too high and too fast, and didn't focus enough on making good cars. Its stock has plummeted and stakeholders are asking for its CEO to step down.

Persons: Stellantis Organizations: Dodge, Chrysler, Critics

☆ I bunked with 3 strangers in a shared cabin on an overnight train in Europe. It was bumpy, cramped, and I wouldn't do it again.
▼ + stars: | 2024-10-10 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

I spent 11 hours in a shared cabin on an overnight train from Vienna, Austria, to Venice, Italy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementIn October 2022, during a two-week trip through four European countries, I spent 11 hours bunking with three strangers in an overnight sleeper train from Vienna, Austria, to Venice, Italy. I thought an overnight train would be the best way to travel through Europe so I could explore more during the day. But the bumpy ride made sleeping hard, and I didn't feel rested when I got to Venice.

Persons: I've, —, I'd Organizations: Amtrak, Service Locations: Vienna, Austria, Venice, Italy, Europe

☆ Americans living overseas face being taxed twice. Donald Trump wants to change that.
▼ + stars: | 2024-10-10 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Americans living abroad shouldn't owe taxes on the same income in two countries, Donald Trump said. "I support ending the double taxation of overseas Americans," he told The Wall Street Journal. AdvertisementAmericans living abroad shouldn't be taxed twice on the same income by two different countries, Donald Trump said. "I support ending the double taxation of overseas Americans," the former president told The Wall Street Journal in a statement. "Fellow Americans living abroad, your vote is more important than ever," Trump told the Journal.

Persons: Donald Trump, Trump, Kamala Harris, —, He's Organizations: Wall Street, Service, Republican, Social Security, Democratic, Voting Locations: Dubai, Monaco

☆ 'Stop worrying about a Trump presidency,' NATO's new chief says during UK visit
▼ + stars: | 2024-10-10 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

Rutte met with UK Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy. "Stop worrying about a Trump presidency," Rutte told reporters outside Downing Street. AdvertisementMark Rutte addressed the prospect of a second Trump presidency during his first official visit to London as NATO Secretary General on Thursday. Rutte, a former Dutch prime minister, was in the capital to meet with UK Prime Minister Keir Starmer and Ukrainian President Volodymyr Zelenskyy. "So, really, stop worrying about a Trump presidency.

Persons: Mark Rutte, Rutte, Keir Starmer, Volodymyr Zelenskyy, —, Trump, it's, Kamala Harris, Donald Trump, placating Trump, Rachel Rizzo, he's, Rizzo, Zelenskyy Organizations: NATO, UK, Trump, Downing, Service, Ukraine, Putin, Council's, Center Locations: London, Dutch, Ukraine, United States, Washington, San Francisco, Netherlands, Russia

Propagandists seeking to influence elections around the globe have tried to use ChatGPT in their operations, according to a report released Wednesday by the technology’s creator, OpenAI. OpenAI said in its report that this year it has stopped people who tried to use ChatGPT to generate content about elections in the U.S., Rwanda, India, and the European Union. They also used ChatGPT to create social media posts in support of those sites, according to the report. They were part of a larger campaign that repeatedly spammed pro-party posts on X, a documented propaganda campaign that posted messages — often the same few messages — more than 650,000 times. According to OpenAI’s report, they also tried to get ChatGPT to tell them the default login credentials for other companies that provide industrial control systems software.

Persons: OpenAI, It’s, it’s, Donald Trump’s, ChatGPT, —, Washington didn’t, Ben Nimmo, ” Nimmo Organizations: European Union, U.S, Patriotic, United Nations, Treasury Department, Embassy Locations: U.S, Rwanda, India, Iran, Russia, China, Israel, Israeli, Jordan, cybersecurity, Washington

☆ European markets head for mixed open as positive sentiment wavers
▼ + stars: | 2024-10-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

European stocks are heading for a flat to mixed open Wednesday as positive sentiment wavers in the region, spurred by market volatility in China. Regional markets traded and closed lower Tuesday, with all major bourses and the majority of sectors trading in the red during the day. On Tuesday, the HSI recorded its worst day in 16 years, closing 9.41% lower. U.S. stock futures hovered near the flatline Tuesday night after a winning session for the major averages. Wall Street is coming off a strong session for the major averages Tuesday as tech stocks outperformed, and oil prices eased off their highs.

Persons: HSI Organizations: Regional, CSI, NATO Locations: China, Asia, Pacific, Europe, Belgium

☆ Sweden's Volvo says deputy CEO to step down in management reshuffle as EV demand slows
▼ + stars: | 2024-10-09 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Swedish automaker Volvo Cars on Wednesday announced deputy CEO Björn Annwall will step down from his current role as part of a management reshuffle designed to increase simplicity and collaboration in the organization. It comes shortly after Volvo Cars abandoned its near-term goal of selling only electric vehicles (EVs), citing a need to be "pragmatic and flexible." "In a rapidly changing world, we need to ensure our organisation is equipped to navigate a more challenging market," Jim Rowan, CEO at Volvo Cars, said in a written statement. "We are now regrouping our commercial leadership team with a focus on making Volvo Cars even stronger with increased speed and efficiency," he added. Volvo Cars said it was taking these steps to navigate challenges facing the automotive industry, such as headwinds driven by geopolitical and macroeconomic uncertainties, market sentiment, rapid technology shifts and supply chains.

Persons: Björn Annwall, Jim Rowan, Annwall, Arek Nowinski, Gretchen Saegh, Fleming, Oscar Bertilsson Olsborg Organizations: Volvo, Wednesday, Volvo Cars Locations: China

☆ Russia cut off its troops from Discord, the video gaming comms tool they use to coordinate attacks in Ukraine
▼ + stars: | 2024-10-09 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Russian troops have been using Discord to coordinate drone attacks, but it was banned on Tuesday. Federal regulators said they blocked the gaming messaging platform because it could be used for crime. Discord allows users to join a closed group voice call and livestream to other users from their screens or cameras. One pundit channel, Military Informant, blasted Roskomnadzor's decision as "madness," while another sarcastically thanked the regulator for giving Russian troops another challenge to "bypass the consequences of another wise decision." Discord, Roskomnadzor, and the Russian defense ministry did not immediately respond to comment requests sent outside regular business hours by Business Insider.

Persons: —, Roskomnadzor, Anton Gorelkin, Vladislav Davankov, Davankov, Ekaterina Mizulina, Mizulina, Roman Alekhine, Roskomnadzor's, Alekhine Organizations: Service, TASS, Russian State, State Duma, Safe Internet League, Military, Russian, YouTube, VK, Russia's, Business Locations: Moscow, US, Ukraine, Russian, Russia, Bakhmut

☆ Trump win would hammer growth and send inflation soaring in Europe, ECB official says
▼ + stars: | 2024-10-09 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +4 min

A Trump win would pose risks to economic growth and inflation in Europe, ECB member Joachim Nagel says. Officials in Europe, for their part, are warily eyeing what a Donald Trump win would mean. Nagel's comments come just weeks before the US presidential election and follow previous warnings from ECB members about the potential impact of a Trump win. AdvertisementBack in January, ECB president Christine Lagarde said a Trump win is "clearly a threat" to Europe considering the policies he implemented during his first term in office. She pointed to Trump's tariffs, commitment to NATO, and climate change policies, which she said were misaligned with European interests.

Persons: Joachim Nagel, Nagel, —, Donald Trump, Trump, he'd, " Nagel, there's, it's, Harris, Kamala Harris, Christine Lagarde Organizations: Trump, Service, European Central Bank Governing, Tuesday, Bloomberg, Federal, NATO Locations: Europe, Germany, Berlin, Italy, EU

☆ I booked a Frontier flight to save money, but it backfired. I spent hundreds to switch airlines during my layover.
▼ + stars: | 2024-10-09 | by ( Eibhlis Gale-Coleman | ) www.businessinsider.com time to read: +5 min

I booked a Frontier flight from Miami to Salt Lake City with one stop in Denver. The first half of the trip was relatively smooth, but things went downhill fastMy Frontier flight kept getting delayed at Denver International Airport. Related storiesEventually, I started looking for other flightsBy now, it was 1 p.m., and I was staring at a board of gradually changing Frontier flights. I notified Frontier that I wouldn't be boarding the delayed flight and requested a refund. I understand all airlines experience delays, but I wouldn't fly Frontier again unless I had wiggle room in my itinerary.

Persons: —, I'd, WalletHub, Don Mammoser, Eibhlis Gale, Coleman, would've, I'm Organizations: Service, Denver International Airport, Frontier, Delta Locations: Miami, Salt Lake City, Denver, Utah, Arizona, Bryce

☆ Italy’s hard-right government set to send sea migrants to Albania in bid to curb arrivals
▼ + stars: | 2024-10-09 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +11 min

However, the court’s decision is non-binding and Italy and Albania are not prohibited by the ruling from going forward with the plans. That’s all, very normal variations during construction.”A general view of the reception center for migrants in Shengjin, Albania, on June 4, 2024. If they do not qualify for asylum, they will be deported to “safe” countries, according to the agreement between Italy and Albania. The cost comes to around 7.5% of what Italy currently spends on its migrant reception centers, Meloni said in June, speaking alongside Rama. Other listed “safe countries” include Egypt, Tunisia and the Ivory Coast, citizens of which make up a large portion of arrivals.

Persons: Rome, It’s, Gjader –, Matteo Piantedosi, There’s, Florion Goga, Piantedosi, Giorgia, Keir Starmer, “, ” Meloni, Meloni, Starmer, Rama, ” Rama, Giorgia Meloni, Adnan Beci, ’ ”, Alketa Misja, ”, ” Gianfranco Schiavone, Schiavone Organizations: Rome CNN, European Union, Court, Justice, Reuters, CNN, United Nations, Refugees, UNHCR, Interior Ministry, Meloni, Amnesty, Italy's, Albania's, Edi, Getty, AP, Migration, United Nations ’ International Organization for Migration, Union Locations: Albania, Italy, European, Albanian, Shengjin, Gjader, Agrigento, Sicily, Catania, Malta, Greece, Spain, Libya, Tunisia, Meloni’s, Rome, Europe, AFP, Italian, Bangladesh, Egypt, Ivory Coast, Afghanistan, Syria, Lezhe, Refoulement, North, Denmark

☆ Left and right prey on weak French government as it prepares 'austerity' budget
▼ + stars: | 2024-10-09 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. The budget is being widely previewed as an "austerity" budget that will see the government of new Prime Minister Michel Barnier present tax-hiking and cost-cutting measures that could rile opposition parties on both the left and right, and even the centrists that put him in power. In sum, Barnier's government is a fragile one and vulnerable to predatory challenges from the left and right of the political spectrum. But such a large dose of austerity may make even 1.1% growth difficult to achieve," he said in emailed analysis. "Finally, even if the budget is passed and does not dent economic growth too much, France's fiscal position would still be precarious.

Persons: Michel Barnier, Alain Jocard, Barnier, Antoine Armand, France's, —, La France Insoumise, Remon Haazen, Emmanuel Macron, Macron, Andrew Kenningham, Kenningham, Marine Le Pen, Carsten Nickel, Nickel, Tom Weller, voigt, Benoit Tessier Organizations: French, French National Assembly, EU, Afp, Getty, National Assembly, Finance, European Commission, Republique, La, Populaire, Capital Economics, Republicans, Stade de France, Olympic Games Locations: Paris, France, La France, Europe, French

☆ A top nutrition scientist had a stroke at 53. Here did two things to lower his blood pressure — and cutting out salt wasn't one of them.
▼ + stars: | 2024-10-09 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

Nutrition scientist Tim Spector had a stroke in 2012 and learned he had high blood pressure. He made dietary changes to lower his blood pressure, which he shared with Business Insider. After the stroke, Spector, who is also the cofounder of the science and nutrition company ZOE, was diagnosed with high blood pressure. AdvertisementSpector shared with Business Insider the two things he did to lower his blood pressure after his stroke. Spector switched to a salt alternativePatients with high blood pressure are commonly told to reduce the amount of salt they eat.

Persons: Tim Spector, —, he'd, Spector, ZOE Organizations: Business, Service, Centers for Disease Control, American Heart Association, World Health Organization, AHA, European, of Nutrition, British Heart Foundation

☆ OpenAI says bad actors are using its platform to disrupt elections, but with little 'viral engagement'
▼ + stars: | 2024-10-09 | by ( Hayden Field | ) www.cnbc.com time to read: +3 min

OpenAI is increasingly becoming a platform of choice for cyber actors looking to influence democratic elections across the globe. The threats ranged from AI-generated website articles to social media posts by fake accounts. The social media content related mostly to elections in the U.S. and Rwanda, and to a lesser extent, elections in India and the EU, OpenAI said. And in May, an Israeli company used ChatGPT to generate social media comments about elections in India. The company said that while most social media posts it identified received few likes or shares, some real people did reply to the AI-generated posts.

Persons: OpenAI, it's Organizations: U.S, EU, China Locations: U.S, Rwanda, India, France, Germany, Italy, Poland

☆ Swedish battery maker Northvolt says head of Europe’s first homegrown gigafactory to step down
▼ + stars: | 2024-10-09 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

Employees of the State Archaeological Office have hung pictures of finds from a construction trailer during a main archaeological investigation on the Northvolt site. Sweden's Northvolt on Wednesday said the head of its main plant, Europe's first homegrown gigafactory for lithium-ion battery cells, will step down with immediate effect. The position will be held until the end of the year as the company seeks to secure a permanent replacement for CEO of Northvolt Ett, it added. Based in Stockholm, Sweden, Northvolt is one of Europe's most valuable privately held tech firms that builds lithium-ion batteries for the electric vehicle industry. The strategic action required the company to cut a total of 1,600 jobs in Sweden, Northvolt said.

Persons: Northvolt, Mark Duchesne, Northvolt Ett, Angéline J, Bilodeau Organizations: Office, Volkswagen, Volvo Locations: Sweden, North America, Stockholm

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