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The 900-meter (2,950-foot) panoramic route overlooking the sea is located in the Municipality of Riomaggiore. The overall investment was almost €24 million (about $26 million) split among several ministries in Italy. The "Path of Love" runs from here to Manarola. Marco Bertorello/AFP/Getty ImagesThe path will be managed by the Municipality of Riomaggiore as an open-air museum. On Friday evening the “Path of Love” was officially inaugurated by government officials and local authorities.
Persons: , Marco Bertorello, , Giacomo Giampedrone, Giampedrone, ” Giampedrone, Organizations: CNN, Italian Tourism Ministry, Terre, UNESCO, Tourism Ministry, Cinque Terre, Getty, La Spezia Locations: Riomaggiore, That’s, Liguria, Italy, Cinque, AFP, Manarola, Ligurians
When Paris hosted the Olympics in 1924, it was the first time athletes stayed together in a village. The Olympic Village made its debut at the 1924 Paris Olympics. Hulton Archive/Getty ImagesBefore 1924, delegations stayed in hotels, military buildings, or with local families in host cities, according to the Olympics Studies Centre. "A contract has to be formed and charges have to be fixed each time," the IOC said. The organizers of the 1924 Paris Olympics also believed housing athletes together had benefits beyond logistics and cost.
Persons: Frantz Reichel Organizations: Paris, Hulton, Olympics Studies, International Olympic Committee, Asian Social, Canadian Center of Science, IOC, Paris Games
London CNN —The value of some of the world’s best-known luxury companies is plunging as Chinese consumers pull back on spending, with even the most exclusive brands feeling the pain. The rout seems to be accelerating, with those sales tumbling 14% in the second quarter, according to results published late Tuesday. “For now, the (luxury) market remains volatile as investors reassess the once-held belief that luxury brands are a safe-haven investment, shielded from broader economic downturns,” Jochen Stanzl, chief market analyst at CMC Markets, told CNN. “The Chinese market contracted slightly; the market situation in the premium and luxury segment in China remained weak,” the company said. China’s economy grew 4.7% year-on-year in the second quarter of the year, according to official data released last week, missing economists’ expectations and marking the weakest growth since the first quarter of 2023.
Persons: Bernard Arnault’s, Louis Vuitton, Christian Dior, ” Jochen Stanzl, Richemont, Cartier, , Gucci, Kering, Hermes, Birkin, Olesya Dmitracova Organizations: London CNN, Prada, CMC Markets, CNN, Europe’s, Reuters, Porsche, Benz, Bain & Company Locations: Asia, Japan, China, Paris, Hong Kong, China , Hong Kong, Macao, North America, Europe, United States
Giant pink man causes stir in small Welsh town
  + stars: | 2024-07-26 | by ( Louis Mian | ) edition.cnn.com   time to read: +3 min
CNN —A large, pink, inflatable man, created by the Chinese contemporary artist Yue Minjun, has divided opinion in a small town in Wales. “The image represents the boredom of Chinese society during the rise of consumerism and economic reform in the early 1990s,” the centuries-old Ruthin School said in a post on Facebook. Yue’s work, in particular his many grinning self-portraits, have become among the most recognizable pieces of Chinese contemporary art. She said the school’s students “love it” are “really quite fond” of the large inflatable man. Another local resident told CNN the inflatable is “a bit odd for an art installation,” while a local barber aid opinions differed, explaining that he had heard both positive and negative reaction.
Persons: Yue Minjun, Frances King, , that’s, King, “ We’ve, , , ” Gina Moorcroft, ” Angela Louise Sersa, “ It’s, Yue Organizations: CNN, Ruthin School, Facebook, Ruthin International Arts Locations: Wales, Ruthin, Cardiff,
In 2023, Rowena Hennigan came to a difficult but necessary conclusion — she needed an extended break from work. That didn't leave much left for her travel budget, but Hennigan had a plan, she said. Hennigan spent the first few days on her own, before her husband and daughter joined her. The family plans to do another house sit in France during their summer holidays this year, she said. Total costs: around $300 (excluding Trusted Housesitters' annual membership fee of $240)The outcome of her four-month break
Persons: Rowena Hennigan, Hennigan, Spain —, France Hennigan Organizations: Gran Canaria Locations: Dublin, Hennigan, Zaragoza, Spain, Gran, Canary Islands, Spanish, Canfranc, France, Valencia, Formigal, Villembits, Tarbes
Her side hustle requires it: She's converted 11 acres of her land, split between three properties around Asheville, North Carolina, into private dog parks. She rents out the spaces to local pet owners on an Airbnb-style platform called Sniffspot. Morosani rents out parts of her 108-acre farm, where she lives and makes a majority of her personal income boarding horses. She has four dogs, and initially launched her side hustle just to connect with other nearby pet owners in November 2020, she says. If you have space and the ability to give a private experience to individual dog owners, there's definitely room for everyone to do this."
Persons: Elizabeth Morosani, John Deere, She's, Morosani, Sniffspot, It's, there's Organizations: CNBC Locations: Asheville , North Carolina
Just hours before the opening ceremony of the Paris Olympics, France was rocked by a series of arson attacks on its rail network on Friday, stoking fears over security during the Games. No one was killed or reported injured, but the damage to France’s high-speed train lines caused major delays as thousands of local and international travelers were expected to converge on Paris for the ceremony and the Games. The arson attacks, which authorities have described as “criminal,” come amid heightened security concerns, when France is the center of a global spectacle. Here’s what we know about the attacks and the resulting disruptions:Is this a terrorist attack? That is not clear yet, but France’s prime minister, Gabriel Attal, has described the fires as “acts of sabotage that were carried out in a prepared and coordinated way.” The police and intelligence services are investigating these “criminal acts,” he added in a post on social media.
Persons: stoking, , Gabriel Attal Organizations: Paris Olympics, Games Locations: France, Paris
The WNBA's new media rights deal includes a price reevaluation after the 2028 season to account for the league's rising popularity, according to people familiar with the agreement. The WNBA deal has been negotiated within a broader $77 billion NBA agreement with media partners announced earlier this week. Instead, the NBA worked with Endeavor Group's media consulting team, led by Karen Brodkin and Hillary Mandel, to assess the value of WNBA rights, said the people. The media partners aren't forced to pay more based on the conclusion of the reevaluation, but they will be incentivized to do so, the people said. A little more than halfway through its current season, the WNBA has already had 16 nationally televised games break the 1 million viewership mark — a league record.
Persons: Brionna Jones, Los Angeles, Cameron Brink, , Karen Brodkin, Hillary Mandel, Caitlin Clark, Angel Reese, aren't, Cathy Engelbert, Ion, — CNBC's Lillian Rizzo, Jess Golden Organizations: Connecticut Sun, Los, Los Angeles Sparks, Sparks, Sun, Mohegan Sun Arena, WNBA, — Disney, NBA, Endeavor, Amazon, Scripps, CNBC Locations: Connecticut, Uncasville , CT
Apple was edged out of the top five smartphone vendors' list in China in the second quarter, as competition from domestic brands such as Huawei intensifies, according to a Canalys report. Apple's market share in China shrank to 14% in the second quarter, the report released Thursday showed, from 15% in the first quarter and 16% in the same period a year ago. The iPhone maker, which was the third-largest smartphone vendor in the second quarter last year, dropped to the sixth spot with about 9.7 million in shipments, according to CNBC calculations. "It is the first quarter in history that domestic vendors dominate all the top five positions," said Lucas Zhong, research analyst at Canalys. Apple's shipments have been declining since the first quarter when they dropped 25% year on year to 10 million units.
Persons: Lucas Zhong, Zhong, Canalys Organizations: Apple Smart Products, Apple, Huawei, CNBC, Canalys, Apple Intelligence Locations: Nanjing, Shanghai, China
Signify is still seeing headwinds in China and Europe, CEO says
  + stars: | 2024-07-26 | 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 EmailSignify is still seeing headwinds in China and Europe, CEO saysSignify's CEO Eric Rondolat says the market has been stabilising and the company is seeing "very strong price erosion" in some local markets in countries such as China and India.
Persons: headwinds, Eric Rondolat Locations: China, Europe, India
Read previewTowering skyscrapers, candy-colored public housing apartment blocks, and lush green spaces — Singapore has long been recognized for its meticulous urban planning. AdvertisementCreating bicycle paths for the city"When I was in the HDB, I raised the issue of planning bicycle paths for citizens," Liu told Business Insider. Liu says he wishes he had developed bike sections for roads and incorporated bicycle paths into streets. Related storiesAdditionally, bicycle paths can boost local economies, as cyclists are more likely to stop at local businesses, he said. fiftymm99Indeed, Singapore's public housing apartments are home to about 80% of the country's resident population today.
Persons: , Liu Thai Ker, who's, Liu, Thomas Schroepfer, Schroepfer, John Pratt, Rita Padawangi, Taro Hama Organizations: Service, Business, Morrow Architects, Planners, Housing Development Board, Urban Redevelopment Authority, The Straits Times, Singapore University of Technology, Design, Ministry of National Development, Keystone, Singapore University of Social Sciences Locations: Singapore, Copenhagen, Amsterdam, Singapore's, Sands, Ubin, Pulau Ubin, kamakura
I have five bank accounts and I use them all. I have five bank accounts and each one serves a specific purpose in my life. When choosing a bank account, look at the fees, interest rates (if applicable), ATM withdrawals, or whatever your varied needs may be. When I first moved to New York, I already had three bank accounts, but I knew that I needed a local bank to receive my income and access funds. In choosing my emergency fund savings account and my everyday savings account, I considered account accessibility.
Locations: New York, Mexico
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
"I had no reason to move here because my whole family, everyone was back in India," Bajaj said. She said interviews in India focus on past experience, while in the US, you are expected to sell yourself and talk about what you can bring to the table. In India, she said work place was very much a "community" where her coworkers were her best friends. Bajaj and Shah said they both had to learn the boundaries of professionalism in the US. Advertisement"You can do 18 hours of work in India because all you are doing is working," Bajaj said.
Persons: , Priya Bajaj, Bajaj, Bajaj's, Darshan Shah, Shah, it's, hadn't Organizations: Service, Google, Sony Pictures, Business, Bajaj Locations: India, Mumbai, America
Gavin Newsom appeared this week wearing work gloves and Ray-Ban sunglasses as he hauled a garbage bag from under a freeway overpass in California. His message was obvious: He wanted state and local officials to clear out homeless encampments, just as he was doing, and he had signed an executive order to spur them into action. “There are no longer any excuses,” Mr. Newsom said in a video statement that was released Thursday and filmed at an encampment where everything from a box fan to a plastic kiddie pool had been stashed. Hours later, the mayor of Los Angeles, Karen Bass, responded with her own set of visuals from a different encampment cleanup in the nation’s second-largest city. But in California, where Democrats dominate the state government and run its largest cities, the matter has become an intraparty dispute, especially after a Supreme Court decision last month gave local officials greater authority to crack down on encampments.
Persons: Gavin Newsom, ” Mr, Newsom, Karen Bass, Bass Organizations: Republicans Locations: California, Los Angeles
Read previewAs Chinese buyers eschewed local stores and poured into Japan this year in search of luxury bargains, one high-end powerhouse was an outlier. AdvertisementThe company's success in China comes as many of Hermès' industry peers saw China and Asia revenue sales tank from softening consumer demand. But most of Hermès' sales this year in China and Japan were largely from local customers, said Dumas. "Not very many foreigners buy Hermès in Japan, and the Chinese tend to buy in China." The luxury company reported overall sales revenue for the first half of the year of 7.5 billion euros, an increase of 12% compared to the same period in 2023.
Persons: , Hèrmes, Hérmes, Axel Dumas, Burberry, Hermès, Dumas, Hermes Organizations: Service, Business, Hermès, Bloomberg Locations: Japan, Asia, China, Paris, Pacific, Europe, France
Biles submitted a new element on the uneven bars for consideration to the International Gymnastics Federation on Friday. Simone Biles has submitted an original skill on the Uneven Bars! Asked about the vault, Biles’ coach Cecile Landi smiled broadly. She earned her first named move in 2013, on the floor exercise and three of her elements — the Biles on beam, Biles II on floor, Biles and now Biles II on vault — rank as the most difficult skills on their respective apparatus. At the Tokyo Games in 2021, Biles withdrew from the team competition after battling the twisties.
Persons: PARIS — Simone Biles, Biles, , Svetlana Khorkina —, Khorkina, Weiler, kip —, Simone Biles, ike, andi, iles, ault, ince Organizations: International Gymnastics Federation, aker
CNN —A debt-ridden laborer in central India said his family’s life has been “changed forever” after he unearthed a 19.22-carat diamond worth almost $100,000. “It shone spectacularly; I knew it was a diamond right then!” an audibly delighted Gond told CNN from his home in Panna district. The 19.22-carat diamond worth almost $100,000 found by Raju Gond. “This is a white diamond of 19.22 carat,” he told CNN. “We woke up early and got out again,” Gond told CNN.
Persons: Raju Gond, Rakesh, audibly, Gond, Kalyanpur, Panna, Anupam Singh Anupam Singh, Singh, , ” Gond, ” Raju Gond's, Raju Gond Singh, Organizations: CNN, Panna Diamond Office Locations: India, Madhya Pradesh, Panna district, Panna,
CNN —The organizers of Ukrainian Fashion Week have announced the event’s 55th season in September will take place in Kyiv — the first time since Russia invaded the country on February 24, 2022. “We still have war in the whole country, and we feel the war in the whole country,” Lisa Ushcheka, head of international communications for Ukrainian Fashion Week, told CNN in a video call. From left to right: Ksenia Schnaider, Ivan Frolov and Julie Paskal backstage ahead of the Ukrainian Fashion Week show during London Fashion Week in February 2023. “Because it’s a historical event, a fashion week taking place in a country where there is a war going on.”For Frolov, the prospect of staging a return show in Kyiv is emotionally overwhelming. I was born in Kyiv and Kyiv is everything to me.
Persons: Vladimir Putin, ” Lisa Ushcheka, ” Ushcheka, Schnaider, Ivan Frolov, Julie Paskal, Jeff Spicer, influencers, Ushcheka, , Frolov, Ksenia, Organizations: CNN, Ukrainian, Kyiv —, Arsenal, and Culture, UK Defense Ministry, Ukrainian Fashion, London, BFC, Getty, Foreign, Commonwealth, Development, US Department of State, Culture, Kyiv Locations: Kyiv, Russia, , Ukraine, Moscow, Ukrainian, Berlin, London, Copenhagen, Paskal
China said Taiwanese workers in the mainland have nothing to fear if they "don't break the law." The comment comes as Beijing sparked alarm in June by floating the death penalty for 'diehard' separatists. About 163,000 Taiwanese worked in the mainland in 2021, per a local report, and the number is declining. The comment comes as Beijing issued legal guidelines on June 21 suggesting the death penalty or prison for "Taiwan independence diehards." The declaration sparked alarm in Taiwan, where officials started restricting tours to China and warning people against traveling to the mainland.
Persons: Organizations: Service, Taiwan, Business Locations: China, Beijing, Taiwan
An unspoken question lingers on people's faces when they hear our family of five took a gap year to travel around South America. We budgeted about $12,000 for flights, estimating six one-way flights at about $2,000 each for our family of five. All told, we expected the trip to cost about $60,000, or less than a year of life at home in Chicagoland. We funded our trip by renting out our home in the Chicago suburbs, which covered our home upkeep and nearly 40% of our travel expenses. On the trip, we didn't know where we'd be in two months or how much money we'd bring in.
Persons: Matt, , Chile's Torres del Organizations: Torres del Paine, Mirador, Amtrak, Chile's Torres del Paine Locations: Chile, South America, Chicago, Los Angeles, Rio de Janeiro, Brazil, Costa Rica, Illinois, Bolivia, Spanish, Chile's, Argentina, Intag, Chicagoland, Santiago, Mendoza, Pereira, Colombia
Why fewer people are choosing to have kids
  + stars: | 2024-07-26 | by ( Madeline Holcombe | ) edition.cnn.com   time to read: +6 min
“A lot of people make the assumption because we don’t have kids, we’re not fulfilled,” Becky Hayden said. “We see majorities … saying having a fulfilling life doesn’t have much to do with whether someone does or doesn’t have children,” Minkin said. The reasons people aren’t having kidsThere were many reasons why people said they didn’t have kids, including financial concerns, infertility, or that it just didn’t happen, according to the research. For people younger than 50, the top reason reported for not having children was that they don’t want to. Many of the cons people reported in the Pew survey related to not having children come from the outside.
Persons: Becky Hayden, Seth, we’re, ” Becky Hayden, Ohio Sen, JD Vance, Tucker Carlson, they’ve, Pew reseachers, , , Rachel Minkin, ” Minkin, Dr, Linda Baggett, Baggett, Carissa Strohecker Hannum, Hayden, hasn’t, Minkin, ” Baggett, “ I’m Organizations: CNN, Pew Research Center, Pew, Republican, Fox News, Monarch Wellness Locations: California, United States, Ohio, Manhattan Beach , California, Washington, DC
Paris CNN —France’s high-speed train lines were targeted by multiple “malicious” acts including arson on Friday, in what has been described as “coordinated sabotage” to disrupt travel ahead of the Opening Ceremony of the Paris Olympics. SNCF said one of the acts was “foiled.”Travel on these lines is “very disrupted,” with the railway network needing to divert and cancel a large number of trains, SNCF said. Passengers gather around the departure boards at the Gare Montparnasse train station in Paris. Eurostar, the high-speed train service that connects the United Kingdom with France, has been forced to cancel and divert trains due to the “coordinated acts of malice,” on French lines. Meanwhile, the Paris 2024 Olympic Committee canceled its pre-opening ceremony press conference amid the incident, and CNN has also asked Paris 2024 for comment.
Persons: , , Thibaud Moritz, Loire, Amélie, Castera, Patrice Vergriete, Valerie Pecresse, ” Vergriete, Laurent Nunez, Nicolas Nordman, Darmanin Organizations: Paris CNN —, Paris, SNCF, Passengers, CNN, Getty, Eurostar, Lille, International Olympic, French, of Sports, Olympic, Paralympic Games, Games, France, Security, Paris Mayor Locations: France’s, Northern, Paris, du Nord, Gare Montparnasse, AFP, Courtalain, France, United Kingdom
French train services were canceled and delayed on Friday, after the nation's high-speed rail network faced a series of "malicious" acts overnight, including arson, just ahead of the opening of the Olympic Games in Paris. Railways operator SNCF said in a statement that its network had experienced several concurrent attacks on Thursday night, with fire damaging its facilities. The high-speed LGV Atlantique line was hit, along with northern and eastern lines, causing knock-on disruption that the operator expected will impact hundreds of thousands of people. "Following this massive attack aiming to paralyze the high-speed line network, a large number of trains were diverted or canceled," SNCF said, according to a CNBC translation, advising those who are able to not to travel to the station. The impact also hit international Eurostar services, which connect the U.K., France, Belgium, the Netherlands and Germany.
Organizations: Paris, Olympic Games, SNCF, Atlantique, CNBC, Eurostar, Lille Locations: Gare Montparnasse, Paris, Paris . Railways, Paris's, France, Belgium, Netherlands, Germany
Revi has secured $14.5 million Series A led by Runa Ventures to expand its restaurant app. Check out the 17-slide pitch deck used to secure the fresh funding. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSan Francisco-based Revi has secured a $14.5 million Series A in a round led by Runa Ventures. This story is available exclusively to Business Insider subscribers.
Persons: Revi, , Eugene Johnson Organizations: Runa Ventures, Service, Business Locations: Francisco
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