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☆ Biden's allies are pushing old stories about Trump's connections with Jeffrey Epstein
▼ + stars: | 2024-07-11 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +6 min

On social media — and even in the halls of Congress — certain Biden supporters are using Donald Trump's associations with disgraced financier Jeffrey Epstein as an argument to disqualify him. Discourse about Trump and Epstein was reignited after documents from Epstein's first Florida investigation in 2006 were released last week. Other Biden boosters have suggested a coordinated media cover-up to boost Trump's chances or doom Biden's. Related storiesMedia outlets haven't reported on Trump's connection to the new Epstein files because there isn't one. What we know about Trump's relationship with EpsteinTrump has appeared in previous unsealed and uncovered documents connected to the Epstein case.

Persons: —, Joe Biden, Biden, Donald Trump's, Jeffrey Epstein, Epstein, Trump, Ted Lieu of, Lieu, Donald Trump, Ben Meiselas, Julie Brown, Epstein Trump, Ivana, Ivanka, Courtney Love, Alec Baldwin, Naomi Campbell, John Kerry, Michael Bloomberg, Henry Kissinger, Prince Andrew, Glenn, Eva Dubin, BI's Jacob Shamsian, massaged Trump, Virginia Roberts Giuffre, Katie Johnson, Vox, Jerry Springer, didn't Organizations: Service, Trump, Business, Biden, Miami Herald, Media, Washington Post Locations: Epstein's, Florida, Ted Lieu of California, Palm Beach, Newark, Beach, Mar

Tina Kotek wants to scrap a plan to implement tolls on large sections of two Portland-area interstates, she said Monday. Kotek sent a letter to the Oregon Transportation Commission on Monday saying the Regional Mobility Pricing Project for Interstate 5 and Interstate 205 should be halted, KGW-TV reported. Kotek’s letter came a few weeks after a survey found a majority of Oregon voters opposed the Regional Mobility Pricing Project tolls, KOIN-TV reported. Photos You Should See View All 60 ImagesThe move also came after the Oregon Department of Transportation produced a report on the equity impacts of tolling and the agency’s plan to mitigate the impacts on low-income Portlanders. Beyer said “metro leadership views on tolling have changed” and “local and regional opposition to tolling makes clear that Oregon is not ready for regional tolling."

Persons: Tina Kotek, Kotek, ”, Julie Brown, Lee Beyer, Kris Strickler, Beyer, Strickler, ” Brown, ” Kotek, Washington that’s Organizations: —, Oregon Transportation, Oregon Department of Transportation, ” Oregon Transportation, Washington Locations: PORTLAND, — Oregon, Portland, Oregon, ” Oregon

Thousands of residents were left without power, and life came to a standstill for many in the Sierra Nevada region on Saturday after a winter storm dumped as much as two feet of snow overnight and created treacherous conditions. About 49,000 customers in Nevada and California were without electricity on Saturday morning, according to PowerOutage.us. With whiteout conditions in the mountains, ski resorts in the Lake Tahoe area paused operations. And highway officials shut down Interstate 80, the main artery that traverses the Sierra Nevada over Donner Summit, a key trucking route from the San Francisco Bay Area. Palisades Tahoe, a resort that closed ski area operations on Saturday across all terrain, reported 24 inches of new snow in the past 24 hours.

Persons: Organizations: Donner Summit, San, Patrol, Sierra Snow Laboratory Locations: Sierra Nevada, Nevada, California, San Francisco Bay Area, Donner

A major snowstorm bore down Friday on the Sierra Nevada, including the Lake Tahoe area, with as much as 10 feet of snow expected at higher elevations. Forecasters issued dire warnings about trying to drive through blustering winds and whiteout conditions, and Yosemite National Park was closed. “Your safe travel window is over in the Sierra,” the National Weather Service in Reno, Nev., posted on social media. One resort, Palisades Tahoe, posted on social media that it had seen “intense” snowfall and winds of 100 miles an hour. In videos posted by the resort, ski lifts were faintly visible through a blanket of white, and the sky and the ground were indistinguishable from each other.

Organizations: Yosemite National, National Weather Service, National Park Service Locations: Sierra Nevada, Reno, Nev, Yosemite

The world’s biggest luxury group logged revenue of €79.2 billion ($86.2 billion) and profit of €21.1 billion ($22.9 billion) for 2022, both up 23%. And in the coming months, “we have every reason to [be] confident, indeed optimistic, on the Chinese market,” LVMH (LVMHF) CEO Bernard Arnault said on a conference call. “In Macao, where Chinese can now travel to, the change is quite spectacular. He predicted, though, that Chinese tourists would not return in large numbers until at least the second half of the year. The removal of Chinese travel restrictions will likely also boost sales in overseas tourist destinations, the company added.

☆ Burberry 'positive' about China rebound as stores reopen
▼ + stars: | 2023-01-18 | by ( Paul Sandle | ) www.reuters.com time to read: +2 min

But she said there were positive signs of recovery as stores reopened in mainland China and the country's luxury shoppers started returning to Hong Kong and Macau. "In January, we've seen a change in traffic, we've seen some strong trade coming through," she told reporters on Wednesday. "The timing and pace of recovery is likely to be somewhat unpredictable, but we're very positive about the early signs and confident in the long-term opportunity (in China)." Chinese consumers accounted for about 25% of Burberry's revenue, down from 40% pre-pandemic, she said, with the vast majority of spending happening in mainland China rather than in tourist centres outside the country. Richemont (CFR.S), the Swiss luxury group that sells Cartier jewellery and watches, also said on Wednesday that it expected a strong rebound in China.

The pan-European STOXX 600 (.STOXX) was up 0.1% by 0910 GMT, extending gains for a sixth straight day on boost from rate-sensitive technology stocks (.SX8P) and industrials (.SXNP). Richemont (CFR.S) rose 2% on reporting higher quarterly sales as tourists returned to Europe and Japan. Still, the luxury group missed market estimates after sales in China plunged by almost a quarter. "For luxury, China is quite important with more hopes of rebounding activity in the first half of this year," said Emmanuel Cau, head of European equity strategy at Barclays Investment Bank. Reporting by Bansari Mayur Kamdar and Ankika Biswas in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

LONDON/ZURICH, Jan 18 (Reuters) - Luxury retailers Richemont (CFR.S) and Burberry (BRBY.L) said they were optimistic that consumers in China would start spending again, helping offset three years of upheaval from the government's strict COVID-19 lockdowns and soaring infections. Richemont (CFR.S), whose brands include Cartier jewellery and Swiss watches IWC and Jaeger-LeCoultre, also said it expected a strong rebound in China. The European luxury sector is among the largest expected winners as China loosens COVID-19 restrictions that kept shoppers out of stores for months. Richemont missed market estimates after sales in China plunged by a quarter, as customer traffic dwindled and staff were not available, leading to a reduction of boutique hours, or temporary closures of sales points, the company said. Mainland China is currently 25% of Burberry sales, down from about 40% pre-pandemic.

LONDON, Nov 17 (Reuters) - London is losing out to Paris and Milan as a tourist destination for high-spending shoppers over the lack of a tax incentive, British luxury brand Burberry (BRBY.L) said, after its UK-based sales suffered. "We're not seeing the same degree of tourism in the UK as we used to because we're seeing more tourists are going into Paris, Milan," Brown told reporters on Thursday. Tourists in European cities can reclaim sales tax on some higher value purchases at certain retailers. Burberry's results on Thursday showed that continental Europe, particularly France and Spain, outperformed the rest of the Europe, Middle East, India and Africa region on a sales growth-basis, while British sales were in line with the average. "If there was an alternative tax-free shopping scheme available in the UK, I think it would definitely bring tourists back to the UK," said Brown.

☆ China and U.S. tourists in Europe help Burberry beat sales forecasts
▼ + stars: | 2022-11-17 | by ( Paul Sandle | ) www.reuters.com time to read: +3 min

Under the creative direction of its new designer Daniel Lee, Burberry would "refocus on Britishness", it said. Known for its camel, red and black check and trenchcoats, Burberry kept near-term guidance to the end of its 2024 financial year of high-single digit revenue growth and a margin of around 20%. She said comparable store sales in mainland China, Burberry's biggest single market, fell 1% in the second quarter after falling 35% in the first, despite some local COVID lockdowns in September. "In the second quarter the situation eased considerably." Europe perform strongly, with sales up 25% in the second quarter, boosted by a rise in tourists from the United States, the Middle East and locations in Asia outside mainland China.

☆ GSK picks Burberry's Brown as CFO
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterGSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/SummarySummary Companies Brown to join GSK in April, start as CFO in MayCFO Iain Mackay to retireSept 26 (Reuters) - GSK (GSK.L) named luxury fashion brand Burberry's (BRBY.L) Julie Brown as its new chief financial officer on Monday to succeed Iain Mackay, at a time when the British drugmaker is sharpening focus on its core business. The change comes after GSK spun off its large consumer business, Haleon (HLN.L), to focus on prescription drugs and vaccines. Burberry had said on Friday that Brown would step down as its CFO and chief operating officer in April to take up a role outside the luxury industry. Register now for FREE unlimited access to Reuters.com RegisterReporting by Amna Karimi and Pushkala Aripaka in Bengaluru; Editing by Subhranshu Sahu and Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ GSK Taps Burberry Executive As CFO
▼ + stars: | 2022-09-26 | by ( Jennifer Williams-Alvarez | Mark Maurer | ) www.wsj.com time to read: +3 min

Pharmaceutical firm GSK PLC hired the finance chief of British luxury fashion group Burberry Group PLC to lead its finances as it works to develop new medicines after the recent spinoff of its consumer-health business. Brentford, U.K.-based GSK, a maker of cancer and asthma medications, on Monday named Julie Brown as chief financial officer and executive director, effective next spring. Ms. Brown serves as chief operating and financial officer at Burberry, a role she has held since 2017. “Julie is a highly experienced CFO with a tremendous understanding of the biopharma sector,” Emma Walmsley, chief executive officer at GSK, said in a release. Burberry on Friday said a search is under way for the successor of Ms. Brown.

Mackay, 60, will be retiring next year after serving as GSK's finance chief for nearly four years, following an eight-year stint as group finance director at the bank HSBC. Register now for FREE unlimited access to Reuters.com RegisterBrown, also 60, will join GSK in April and take up the job in May. She also served in several finance roles at AstraZeneca (AZN.L), which last year also appointed a female CFO, Aradhana Sarin. With Emma Walmsley as GSK's chief executive officer, Brown's appointment also creates a rare, all-female top management at a blue-chip (.FTSE) British company and a global pharma major. Brown will receive an annual base salary of more than 900,000 pounds at GSK, the company said.

Register now for FREE unlimited access to Reuters.com RegisterGSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/SummarySummary Companies Brown to join GSK in AprilIain Mackay to retire in MaySept 26 (Reuters) - Britain's GSK (GSK.L) has appointed its first female chief financial officer, Julie Brown, to succeed Iain Mackay, as the drugmaker focuses on its core pharmaceuticals business. With Emma Walmsley as GSK's chief executive, Brown's appointment also creates a rare, all-female top management at a blue-chip (.FTSE) British company and a global pharma major. Mackay, 60, will retire next year after almost four years as GSK's finance chief, before which he completed an eight-year stint as group finance director at HSBC. She also served in several finance roles at AstraZeneca (AZN.L), which last year appointed a female CFO, Aradhana Sarin.

☆ FTSE 100 gains as weak pound lifts export-heavy consumer staples
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterThe London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/SummarySummary Companies FTSE 100 up 0.5%, FTSE 250 off 0.7%Sept 26 (Reuters) - London's FTSE 100 index rose on Monday, led by shares of dollar-earning consumer staple companies after sterling tumbled to record low on worries the new government's economic plan will stretch Britain's finances to the limit. The export-oriented FTSE 100 (.FTSE) gained 0.5%, while the more domestically oriented FTSE 250 (.FTMC) declined 0.7%. Consumer staples like Unilever (ULVR.L) and British American Tobacco (BATS.L) added 3.5% and 1.1%, respectively. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Johann M Cherian in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ GSK poaches Burberry CFO Julie Brown to create all-female top team, Sky News reports
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterGSK (GlaxoSmithKline) logo is seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/IllustrationSept 24 (Reuters) - British drugmaker GSK plc has poached Burberry Group's (BRBY.L) finance chief to create a rare all-female executive leadership team, Sky News reported on Saturday. GSK could announce as soon as Monday morning that it has recruited Julie Brown to replace Iain Mackay, who has served as its chief financial officer since 2019, the report added. On Friday, Burberry announced that its finance chief Julie Brown will step down in April 2023 after more than five years in the role. Register now for FREE unlimited access to Reuters.com RegisterReporting by Jaiveer Singh Shekhawat in Bengaluru Editing by Peter GraffOur Standards: The Thomson Reuters Trust Principles.

☆ GSK poaches Burberry CFO Julie Brown to create all-female top team - Sky News
▼ + stars: | 2022-09-24 | by ( ) www.reuters.com time to read: +1 min

☆ FTSE slides as UK's mini budget fails to soothe recession worries
▼ + stars: | 2022-09-23 | by ( Sruthi Shankar | ) www.reuters.com time to read: +3 min

The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. read moreThe internationally focussed FTSE 100 (.FTSE) extended losses, falling 1.6% to its lowest since July 15, while the domestically focussed FTSE 250 index (.FTMC) dropped 1.1% to hit near two-year lows. It is among UK's worst performing sectors this year as rising rates sparked worries about affordability. read moreOil (.FTNMX601010) and mining (.FTNMX551020) majors were the biggest drags on the FTSE 100 as commodity prices weakened against a strong dollar. read moreSmiths Group (SMIN.L) rose 4.1% after the industrial technology group provided upbeat full-year 2023 forecast.

William Barr said in his confirmation hearings to become Trump's attorney general, that he might recuse himself on overseeing matters related to Epstein. A photo from 2000 shows Trump, Melania Trump (then Melania Knauss), Epstein, and Maxwell at the resort together. The photo at the top of the page is of the two together in Palm Beach in 1997. The entry for Donald Trump as it appears in Jeffrey Epstein's "black book" that was published by Gawker in 2015. The complaint, brought against Trump and Epstein, alleged that the victim attended multiple parties at Epstein's residence in the summer of 1994, that Trump also attended.

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