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☆ Luxury European automakers are getting crushed in China
▼ + stars: | 2024-11-01 | by ( Tom Carter | ) www.businessinsider.com time to read: +7 min

AdvertisementThe days of European carmakers dominating China's luxury vehicle market are over. A study by AlixPartners found that Chinese automakers released 40 over-the-air software updates between March 2023 and February this year, compared with just two from legacy automakers. AdvertisementHard to quitDespite a challenging environment, Western premium automakers can ill afford to give up on China. As well as increased competition, European automakers face a geopolitical headache. AdvertisementTim Urquhart, principal automotive analyst at S&P Global Mobility, told BI the European Union's tariffs on Chinese automakers meant Beijing could impose levies on European car imports in retaliation.

Persons: —, Aston Martin, James Bond, Chris Brownridge, BYD, Lutz Meschke, Max, Xiaomi, Steve Dyer, Dyer, AlixPartners, Mercedes, GAO, China's, Tim Urquhart, Urquhart Organizations: BMW, Mercedes, Benz, Porsche, Service, upstarts, Volkswagen, Royce, British, Bloomberg, Reuters, Getty, P Global Mobility Locations: China, British, London, Korea, Western Europe, Beijing

☆ European stocks set to slip at open; Mercedes car earnings plummet
▼ + stars: | 2024-10-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

European stock markets are heading for a lower open Friday, rounding off a largely negative week for global stocks as third-quarter earnings season has ramped up. The pan-European Stoxx 600 has shed 1.14% in the week to date, though managed a slight gain Thursday. Corporate results have proven a mixed bag, with many banks beating expectations but investor sentiment remaining wary. On Friday, Mercedes reported a 64% plunge in operating profit in its core cars division, blaming "weaker macroeconomic conditions and fierce competition, mainly in Asia." High-end European drinks firms are being hit by higher duties on their Chinese exports, in a retaliatory move for European Union tariffs on Chinese electric vehicles.

Persons: Mercedes, Remy Cointreau Organizations: European Locations: Asia, U.S

☆ A Chinese automaker has taken over Russian plants abandoned by Volkswagen and Mercedes
▼ + stars: | 2024-10-10 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Chinese automaker Chery is using Russian plants once owned by Western firms, Reuters reported. These factories were abandoned by firms such as Volkswagen and Mercedes after Russia invaded Ukraine. AdvertisementChinese automaker Chery has reportedly started manufacturing vehicles in three Russian plants that once belonged to Western firms, five people familiar with the matter told told Reuters. While Washington has worked to ostracize Moscow from the global economy, Chinese firms have filled the gap. AdvertisementThe pattern especially holds true for Chinese car products.

Persons: —, Mercedes —, Mercedes Organizations: Chery, Reuters, Volkswagen, Mercedes, Service, Washington Locations: Russia, Ukraine, Moscow, Beijing, Western, China

☆ Lewis Hamilton takes ‘fairytale’ victory at home British Grand Prix
▼ + stars: | 2024-07-07 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Lewis Hamilton won his home race at the British Grand Prix on Sunday, battling to a thrilling, record-extending victory as the lead changed hands several times on a rain-slicked track at Silverstone. For Hamilton to win his last British Grand Prix with Mercedes – the team with whom he dominated the sport for so long – seemed like a “fairytale,” team principal Toto Wolff told broadcaster Sky Sports after the race. Lewis Hamilton celebrates on the podium after winning the British Grand Prix. “This is my last race here at the British Grand Prix with this team, so I wanted to win this so much for them. But both Mercedes cars ran wide off the track across the run-off shortly afterwards, allowing Norris to overtake Russell and then to accelerate past Hamilton too.

Persons: CNN — Lewis Hamilton, Hamilton, Jack, Max Verstappen, Red, Mercedes –, Toto Wolff, Lewis Hamilton, Peter Cziborra, ” “ It’s, ”, “ There’s, Mark Thompson, George Russell, McLaren’s Lando Norris, Russell, Norris, Verstappen Organizations: CNN, Prix, Sunday, Silverstone, Red Bull, Hamilton, Sky Sports, British, Getty Locations: British, Saudi, Hamilton, Silverstone

☆ Rare purple pigment found in Bronze Age pottery
▼ + stars: | 2024-06-29 | by ( Ashley Strickland | ) edition.cnn.com time to read: +6 min

CPA Media Pte Ltd/Alamy Stock PhotoAncient Greeks and the Romans considered Tyrian purple, first developed in the Bronze Age, an elite, royal color. But the recipe for the long-lasting pigment, made using Mediterranean sea snails, disappeared with the fall of the Byzantine Empire. Now, researchers have found the precious pigment within pottery fragments containing 3,600-year-old purple dye from a Bronze Age workshop in Kolonna on the Greek island of Aegina. Life for a vulnerable child in the Stone Age would have been difficult because Neanderthals moved from place to place. Meanwhile, the agency has selected SpaceX to design a vehicle that will drag the space station out of orbit at the end of the decade when it ceases operations and plummets into the ocean.

Persons: Jesus Christ, Down, paleoanthropologist Mercedes Conde, Valverde, ” Conde, Trent Sugg, Tracy Dyson, NASA’s OSIRIS, REx, China’s, NASA’s, Mars, Emin Yogurtcuoglu, —, — Wood, Ashley Strickland, Katie Hunt Organizations: CNN, CPA Media, University of Alcalá, NASA, Collins Aerospace, Boeing, SpaceX, Anadolu Agency, Getty, CNN Space, Science Locations: Byzantine Empire, Kolonna, Aegina, Spain, “, Iceland, Rainier, Washington, Kyrenia

☆ Ancient bone shows how Neanderthals cared for the vulnerable, study says
▼ + stars: | 2024-06-27 | by ( Katie Hunt | ) edition.cnn.com time to read: +6 min

The find suggested that members of the community cared for and looked after the vulnerable child, who lived at least 146,000 years ago. The research is at odds with the image of Neanderthals, ancient human relatives who went extinct around 40,000 years ago, as brutish cavemen. The study did not include precise dating of the bone, which would require extraction of ancient DNA, but Neanderthals occupied the site 146,000 to 273,000 years ago. Study of the fossil revealed abnormalities in the ear bone. “For decades, it has been known that Neanderthals cared for and looked after their vulnerable companions,” Conde-Valverde said.

Persons: ”, paleoanthropologist Mercedes Conde, Valverde, “, Conde, ” Conde, Mercedes Conde, Julia Diez, Chapelle, Penny Spikins, Spikins, wasn’t Organizations: CNN, University of Alcalá, Syndrome, Valero, University of York Locations: Spain, Spain’s Valencia, Conde, United States, what’s, Iraq, France, United Kingdom

☆ Their Nissan SUV was parked in the driveway. Then it caught fire and exploded
▼ + stars: | 2024-05-24 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

The loud bangs, she learned later, had come from the airbags of the family’s SUV, a 2015 Nissan Murano that was parked in the driveway. A Nissan Murano, which was parked in Phillip Hill’s driveway when it caught fire. A search on NHTSA’s website indicated there was an outstanding unrepaired recall on the Hills’ Murano. Philip Hill had been fixing the garage, so the couple’s two cars were parked in the driveway. “As you can see from the video, that vehicle is so close to the house,” Philip Hill told CNN.

Persons: Vicki Hill, ”, Nissan, Phillip Hill’s, Phillip Hill “, Murano, Philip Hill, ” Philip Hill, “, Mercedes Organizations: CNN, Nissan, Administration, National Fire Protection Association, Vehicle Locations: Bethesda , Maryland, Nissan Murano, Murano, Phillip, United States

☆ I got a hair transplant in Istanbul, a sanctuary for balding men. It pulled me out of a dark place.
▼ + stars: | 2024-05-11 | by ( Spencer Macnaughton | ) www.businessinsider.com time to read: +17 min

Bennett, who's three years older than me and was a bit further along in the balding process, had been my hair loss mentor. But now, he was one of the growing number of men who traveled 5,000 miles to Istanbul, the global capital for hair transplant surgery. According to the Turkish Health Tourism Association, about one million people traveled to Turkey for a hair transplant in 2022, spending about $2 billion. Bennett/Spencer Macnaughton Show less Bennett lounging poolside in December 2022 , 11 months after his hair transplant. Spencer Macnaughton during his hair transplant in Istanbul Turkey Kenny Wassus/Business InsiderWhen they finally announced I was finished, it was around 10 p.m.

Persons: Bennett, Turkey —, who's, It's, poolside, what's, I'd, —, Aygin . Bennett, Spencer Macnaughton, Serkan Aygin, he'd, Kenny Wassus, Aygin, He's, they'd, Choi, you've, Istanbul Turkey Kenny Wassus, Kenny, I've, I'm Organizations: Mercedes Club, Business, Turkish Health Tourism Association, FDA, International Society of Dermatology, Turkish Airlines, Istanbul Airport Locations: midtown Manhattan, Turkey, Istanbul, Manhattan, New Jersey, Turkish, United States, New York, Istanbul Turkey, Detroit

☆ Tesla short-seller names 2 auto stocks to own — giving them 100% upside
▼ + stars: | 2024-04-04 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

A Tesla short-seller named two auto stocks that he believes have the potential to deliver 100% upside for investors. Lekander, who holds a short position in Tesla shares, has said the EV carmaker could "go bust" while its stock could fall to $14. His comments came after Tesla reported 386,810 vehicle deliveries in the first quarter, significantly below the lowest market estimates . Valuing AI in auto Lekander also dismissed the notion that Tesla's self-driving software justifies its high valuation, noting that the product is still in early research and development. "I thus remain massively bullish quality auto stocks, Stellantis and Mercedes are my favourites as they are well run and fully investor owned," Lekander told CNBC via email.

Persons: Per, Mercedes, Tesla, Lekander, CNBC's, Lekander's, — CNBC's Arjun Kharpal Organizations: Clean, Mercedes Benz, Romeo, Chrysler, Dodge, Fiat, Jeep, EV, Nvidia, CNBC, Stellantis

☆ 'Green Bubble Stigma' Shows Apple's Power to Create a Prestige Brand
▼ + stars: | 2024-04-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

One thing that is definitely not "cool," it seems, is having a green text bubble. In the filing, it says people without Apple devices often feel a "social stigma, exclusion, and blame for 'breaking' chats where other participants own iPhones." "Brands that have a really well-established image, Apple's cool image, for instance, that they worked on to establish over the years — consumers really see that as a legitimate signal of their own coolness to themselves and other people." Consumers really care about using products and brands to express who they are to themselves and the world around them. And if you've ever watched "Ted Lasso" or anything else on Apple TV+, you've perhaps noticed iPhones and Apple products are ubiquitous.

Persons: Apple, Steve Jobs, you've, Ted Lasso, Louis Vuitton, Joseph Nunes, they're, They're, Joshua Clarkson, Nunes, that's, doesn't, Ordabayeva, Emily Stewart Organizations: Apple, Justice Department, Dartmouth's Tuck School of Business, Brands, Samsung, Google, Motorola, USC Marshall School of Business, University of Cincinnati, Consumers, Business Locations: New Jersey, Cupertino , California, iMessage

☆ Green Bubble Stigma: Apple's Genius Marketing Trick to Make iPhones Cool
▼ + stars: | 2024-04-03 | by ( Emily Stewart | ) www.businessinsider.com time to read: +9 min

☆ 2024 Formula One season: How to watch the Bahrain Grand Prix and the biggest storylines to look out for this year
▼ + stars: | 2024-02-29 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +11 min

The 2024 campaign will be the longest F1 season in history, featuring 24 race weekends. How to watch the season opener in BahrainThe 2024 season starts with the Bahrain Grand Prix after three days of testing in the Middle Eastern nation last week. Red Bull’s 2023 F1 season was the most dominant of all time. He was eventually cleared of any wrongdoing by the investigation, the team’s parent company, Red Bull GMBH, announced on Wednesday. Albon has bounced back from a disappointing spell at Red Bull in 2020 and is now a highly-sought after driver.

Persons: Max Verstappen, Lewis Hamilton’s, Hamilton, “ It’s, ” Hamilton, Mercedes, Will Buxton, Carlos Sainz, “, Hamad I Mohammed, Bull, Red Bull, Mercedes ’, George Russell, Verstappen, Max, hasn’t, he’s, Lawrence Barretto, ” Verstappen, Clive Rose, we’ve, Christian Horner, Horner, “ I’m, ” Horner, Ferrari, Russell, Charles Leclerc, Alex Albon, Williams, Lando Norris, Oscar Piastri, Fernando Alonso, Aston Martin, Kimi Antonelli, Sainz, Carla Carniel, Sergio Pérez, Daniel Ricciardo –, Red Bull’s, –, Aston, Haas, Albon, James Vowles, Mark Thompson, McLaren, Piastri, Norris, Dan Istitene, Alonso, Lance, Lawrence, Patrick Mahomes, Travis Kelce –, Pierre Gasly, Esteban Ocon Organizations: CNN, Bahrain, Circuit, Red Bull Racing, Prix, ESPN, Qualifying, Saudi, Mercedes, Ferrari, PETRONAS F1 Team, Scuderia Ferrari, Arrows, Reuters, Constructors, CNN Sport, Red Bull GMBH, Sky Sports, “, McLaren, Silver Arrows, Bulls, Sauber, Team, Red Bull, Getty, Aston Martin’s, Kansas City Chiefs Locations: Bahrain, British, Jeddah, Saudi Arabia, Abu Dhabi, Red, Aston Martin, Thai, –

☆ Mercedes Benz ditches plan to sell only EVs by 2030
▼ + stars: | 2024-02-23 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

In 2021, the German carmaker announced plans only to sell electric vehicles — "where market conditions allow" — by 2030. And, as of Thursday's release, it expects its overall EV sales to reach just 50% by the time 2030 rolls around. During a September interview at the Munich car show, Mercedes CEO Ola Källenius first hinted at a more narrow outlook for the EV market. AdvertisementMercedes expects its EV sales to account for about 19% to 21% of new car sales this year. Mercedes isn't the only automaker that is reevaluating its EV plans.

Persons: Mercedes, Ola Källenius, It's, Mercedes isn't, Harald Wilhelm Organizations: Benz, carmaker, EV, Mercedes, Reuters Locations: Munich

☆ Small Croatian Town Builds Stone Mercedes Monument for Migrant Workers
▼ + stars: | 2024-02-16 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

IMOTSKI, Croatia (Reuters) - Local Croatian sculptor Roko Drzislav Rebic is carving a life-sized stone replica of a Mercedes Benz Minika car as a monument to the thousands of workers who left their homeland in search of a better fortune abroad. The monument will be revealed on June 8 in Imotski, a small town situated on the slopes of the Dinara mountain, 30 km (48 miles) from the famed Adriatic coast. Another was in 2018 after Croatia joined the European Union and thousands of young people left the country to work in Western Europe. Rebic told Reuters that the stone was brought from areas near Imotski and once the monument is finished it will weigh 50 tonnes. Topic said that according to his estimates there are up to 8,000 Mercedes cars in Imotski which has the population of 25,000.

Persons: Roko Drzislav, Mercedes, Ivan, Rebic, Antonio Bronic, Ivana Sekularac, Sharon Singleton Organizations: Mercedes Benz, Mercedes, Reuters, Croatia, European Union Locations: IMOTSKI, Croatia, Croatian, Imotski, Western Germany, Germany, Western Europe

☆ In America, Headlights are blinding but not in other countries, this tech is why
▼ + stars: | 2024-02-15 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +8 min

In Europe and Asia, many cars offer adaptive driving beam headlights that can do this. But that still means driving much – or most – of the time using only low beam headlights that don’t reach very far. That means it will probably be years before ADB headlights are widely available in the US. But, while driving, the lights work just like standard high beam, low beam headlights. It will be years before they can offer new, redesigned ADB headlights that meet the standards, auto industry sources say.

Persons: ”, “, Michael Larsen, Larsen, Matt Brumbelow Organizations: CNN, ADB, Traffic Safety Administration, NHTSA, Ford, Volkswagen, Insurance Institute for Highway, Society of Automotive Engineers, ” Audi, “, General Motors, Society of Automotive, EU, Audi, Mercedes, Insurance Institute for Highway Safety Locations: Europe, Asia, China, Canada, United States, America, American

☆ Wheely, Uber's luxury competitor, launches in Dubai to take on the UAE's dominant player
▼ + stars: | 2024-02-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

The company, founded by Russian-Swiss entrepreneur Anton Chirkunov, told CNBC it will offer rides in the United Arab Emirates city starting Wednesday, catering mainly to wealthy clients. "European families and entrepreneurs have been moving to Dubai in the last five years," Chirkunov told CNBC in an interview ahead of the launch. Wheely's platform is tailored more toward mass market usage, however, and Chirkunov thinks his platform has an opportunity to stand out. He compares the Wheely brand to the American Express Centurion and Platinum membership credit cards in terms of brand status. Wheely plans to expand its Middle East team and chauffeur network to over 1,000 in the next three to five years, the company told CNBC exclusively.

Persons: Shariff, Covid, Anton Chirkunov, Wheely, That's, Mercedes, Chirkunov, it's, chauffeurs, Duke of Northumberland, Covid lockdowns Organizations: Russian, CNBC, United Arab Emirates, BMW, Benz, Tesla, American Express, Mercedes, East, Companies Locations: Dubai, Swiss, Europe, London, Mayfair, City of London, Wheely, Paris

Lewis Hamilton surprised Mercedes team principal Toto Wolff when he broke the news over breakfast that he was leaving the F1 team for Ferrari but there is “no grudge” between them, Wolff said Friday. Hamilton is leaving Mercedes at the end of the upcoming season to join Ferrari for 2025 in a move announced Thursday. Hamilton has raced for Mercedes since 2013 and won six of his seven titles with the team. Wolff said he has no concerns about involving Hamilton with Mercedes’ car development, even with Hamilton due to join a rival. In more recent times, Mercedes has also been a key supporter of Hamilton's efforts to improve diversity in F1.

Persons: Lewis Hamilton, Mercedes, Toto Wolff, Wolff, Hamilton, “, I've, ” Wolff, Hamilton’s, Peter Bonnington, ‘ Bono ’, George Russell, Mercedes ’, Nico Rosberg, we’ve, Nico, ”, ” Hamilton, —, Ferrari —, Lewis Organizations: Ferrari, Mercedes, Hamilton, McLaren Locations: Oxford, England, Abu Dhabi, Sao Paulo

☆ Mick Schumacher to race for Alpine in world endurance
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +1 min

Formula One F1 - Qatar Grand Prix - Lusail International Circuit, Lusail, Qatar - October 7, 2023 Mercedes' reserve driver Mick Schumacher ahead of the sprint shootout REUTERS/Rula Rouhana/File photo Acquire Licensing RightsNov 22 (Reuters) - Mick Schumacher will race for Alpine in the world endurance championship next season while continuing as Formula One reserve driver for Mercedes. Alpine announced the 24-year-old German, son of seven-times F1 world champion Michael, on Wednesday as one of six drivers competing for them in two A424 Hypercars. Schumacher will join French drivers Nicolas Lapierre, Matthieu Vaxiviere, Charles Milesi and Paul-Loup Chatin as well as Austrian Ferdinand Habsburg. Mercedes confirmed separately that the German, who raced for Haas in Formula One in 2021 and 2022, would continue as their reserve. "A new chapter is beginning for me with Alpine," said Schumacher.

Persons: Mercedes, Mick Schumacher, Rula, Michael, Schumacher, Nicolas Lapierre, Matthieu Vaxiviere, Charles Milesi, Loup Chatin, Austrian Ferdinand Habsburg, I've, Le Mans, Williams, Alan Baldwin, Ed Osmond Organizations: Qatar, One, Mercedes, Alpine, Haas, Formula One, Le, Formula, Thomson Locations: Lusail, Qatar, Paul, Austrian, London

☆ Who Is Nadine Arslanian, Bob Menendez's Wife Indicted in a Bribery Scandal?
▼ + stars: | 2023-10-11 | by ( Michelle Mark | Katherine Long | ) www.businessinsider.com time to read: +17 min

Sen. Bob Menendez and his wife Nadine Arslanian arrive at federal court following an indictment on corruption charges. Still, even prior to Menendez and federal indictment, Arslanian brushed up against fame and scandal. Arslanian "liked nice things," Anton told Insider. The longtime friend, who asked not to be identified by name, told Insider that Arslanian was conscious of her looks. AdvertisementAdvertisement"We felt that it was a very one-sided investigation," Koop's sister, Rosemarie Koop-Angelicola, told Insider.

Persons: Nadine Arslanian, Richard Koop, Robert Menendez, Arslanian texted Menendez, Sen, Bob Menendez, Brendan McDermid, Menendez's, Arslanian, Menendez, Chris Christie, Doug Anton, Kim DePaola, Kelly, Anton, Kyriakos Mitsotakis, Mareva Mitsotakis, Chip Somodevilla, Nadine Tabourian, Raffi Arslanian, Sabine, André, Arslanian's, Last, Marco Tacca, Anton's, Koop, —, Narendra Modi, Stefani Reynolds, Bono, — Menendez, Taj, Robert, Nadine, Menendez cradling Arslanian, they've, Koop's, Rosemarie Koop, Angelicola, she's, Wael Hana, Douglas Anton, Jose Uribe, Uribe, Fred Daibes, Bob, Nadine wasn't, Aaron Short Organizations: New Jersey IHOP, Benz, Reuters, Democratic Party, Prosecutors, longtime Garden, Arslanian's, Real Housewives of New, Attorney, Greek, White House, New York University, New York Times, Housewives of, Indian, Getty, Lincoln, Police, Senate Foreign Relations, Strategic, Business Consultants, Strategic International Business Consultants, Hana, Department of Justice Locations: New Jersey, Bogota , New Jersey, Englewood Cliffs, Real Housewives of New Jersey, Beirut, Lebanon, United States, Bergen, Jersey, Cernobbio, Italy, AFP, Bergen County, Union City, Queens, Arslanian's Englewood, Washington, DC, Bogota, Egypt, Arslanian, Egyptian, Englewood

☆ Police dashcam footage from a fatal car crash involving Sen. Bob Menendez's wife appears to show a retired police chief speaking to cops on her behalf
▼ + stars: | 2023-10-08 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Sen. Bob Menendez's wife fatally struck a man with her car in December 2018. A retired police chief can be heard on police video asking other officers about the crash. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Several sources told NBC that investigators from the attorney general's office wanted to know who asked the retired police chief to come to the crash scene.

Persons: Sen, Bob Menendez's, —, Bob Menendez, Mercedes, Nadine Menendez, Nadine Arslanian, Richard Koop, Arslanian, Koop, Menendez, Matt Platkin's Organizations: Service, Benz, New, Police, Associated Press, NBC Locations: New Jersey

☆ Exclusive: China's Nio explores investment, tech alliances with Mercedes - sources
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +5 min

Nio, when contacted, denied it talked to Mercedes on a collaboration, calling it "untrue", without elaborating. Mercedes said in a separate response that there were no collaboration plans with Nio at the moment. Chinese EV companies may also be able to navigate potential trade barriers better by forging such tie-ups. Nio, whose investors include Chinese tech giant Tencent Holdings (0700.HK), has publicly called for more such tie-ups with established automakers. ($1 = 7.3127 Chinese yuan renminbi)Reporting by Zhang Yan and Brenda Goh; Additional reporting by Ilona Wissenbach in Frankfurt; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: William Li, Ola Kaellenius, Nio, Mercedes, Leapmotor, Elon Musk, Tesla, Nio's Li, Zhang Yan, Brenda Goh, Ilona Wissenbach, Muralikumar Organizations: HK, Mercedes, Benz, Nio, EV, Volkswagen, SAIC, Audi, VW's, Tencent Holdings, Thomson Locations: SHANGHAI, China, Tesla, Frankfurt

Menendez serves as the powerful chairman of the Senate Foreign Relations Committee. And as chairman, he had unique influence over foreign military sales and foreign military financing. The State Department typically seeks the input of the chairperson and top minority senator on the Foreign Relations panel when it comes to foreign military financing and foreign military sales, and the department generally will not go forward if one of the two senators objects. Hana is a friend of Nadine Menendez and the Egyptian-American founder of a business that certifies beef imported into Egypt meets Islamic religious standards. “Congratulations mon amour de la vie, we are the proud owners of a 2019 Mercedes,” Nadine Menendez texted her husband, along with a heart emoji.

Persons: — Democratic U.S . Sen, Bob Menendez, Egypt —, Menendez, ”, Nadine, “, Prosecutors, Nadine Arslania, David Schertler, Wael Hana, Jose Uribe, Fred Daibes, Nadine Menendez, He's, Hana, Uribe, ” Nadine Menendez, Hana's, Salomon Melgen, Melgen, Donald Trump, Chuck Schumer, Sen, Ben Cardin, Schumer, Phil Murphy Organizations: WASHINGTON, — Democratic U.S ., Senate Foreign Relations, U.S, Embassy, The State Department, Foreign Relations, U.S . House, Strategic International Business Consultants LLC, -, New, Daibes, Senate, New Jersey voters, Republican, NEXT, Democratic, While New, While New Jersey Gov Locations: Egypt, New Jersey, Jersey, U.S, Cairo, Union City , New Jersey, Edgewater , New Jersey, Florida, Dominican Republic, Paris, Washington, D, While, While New Jersey

☆ Why the middle-class is being permanently priced out of Miami
▼ + stars: | 2023-09-18 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +5 min

More apartments are being built in Miami than anywhere else in the US, the Wall Street Journal reported. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Now, "the Florida housing market is undergoing a restructuring as a result of the work-from-home phenomenon," housing expert Jonathan Miller told Insider. Particularly in South Florida, it's a sign that these wealthier newcomers — mostly from the northeast — have permanently altered Miami's housing market, Miller said. For wealthier newcomers who moved from the northeast, Miami luxury housing is actually comparatively cheap, Miller said.

Persons: Jonathan Miller, Miller, Daryl Fairweather, Rich, Eli Beracha, Mercedes Cabrera, WPTV Organizations: Wall Street Journal, Service, Wall Street, Redfin Corp, Bloomberg, Hollo, Real, Florida International University, Dade, Street Journal Locations: Miami, Wall, Silicon, Florida, South Florida, Real Estate, Manhattan, Broward, Palm Beach, Hileah, Dade County, Southeast Florida

SINGAPORE (AP) — Carlos Sainz Jr. won the Singapore Grand Prix for Ferrari on Sunday as Max Verstappen and Red Bull's historic win streaks in Formula One came to an end. Red Bull had dreamed of winning every race this year but had Verstappen fifth and Perez eighth after struggling all weekend in Singapore. Verstappen's winning run ended at 10 races and Red Bull's at 15, including one at the end of last year. George Russell crashed the other Mercedes on the final lap from third position to promote Hamilton to the podium. Charles Leclerc was fourth after failing to hold off the Mercedes cars on older tires, ahead of Verstappen in fifth.

Persons: — Carlos Sainz Jr, Max Verstappen, Red Bull, Perez, Sainz, McLaren's Lando Norris, Mercedes, Lewis Hamilton, George Russell, “, ” Sainz, Norris, ” Hamilton, Russell, Charles Leclerc, Pierre Gasly, Oscar Piastri, Liam Lawson, Kevin Magnussen, Haas Organizations: SINGAPORE, Singapore, Prix, Ferrari, One, Verstappen's, Bull's, McLaren, DRS, Alpine, AlphaTauri Locations: Singapore, Hamilton, Verstappen

☆ Sainz wins thrilling Singapore Grand Prix as Verstappen and Red Bull’s streaks end
▼ + stars: | 2023-09-17 | by ( ) www.cnbc.com time to read: +3 min

Carlos Sainz of Spain driving the (55) Ferrari SF-23 after his pit stop during the F1 Grand Prix of Singapore at Marina Bay Street Circuit on September 17, 2023 in Singapore, Singapore. Runaway standings leader Max Verstappen's winning run ended at 10 races and Red Bull's at 15 — both F1 records — as Carlos Sainz Jr. won the Singapore Grand Prix for Ferrari on Sunday. Red Bull dreamed of winning every race this year but had Verstappen fifth and Perez eighth after struggling all weekend in Singapore. That was the best feeling," Sainz said after celebrating with his team as fireworks lit up the Singapore circuit. Leclerc was fourth after failing to hold off the Mercedes cars on older tires, ahead of Verstappen in fifth.

Persons: Carlos Sainz, Ferrari, Qian Jun, Max Verstappen's, Carlos Sainz Jr, Red Bull, Perez, Sainz, McLaren's Lando Norris, Mercedes, Lewis Hamilton, George Russell, Norris, Carlos, Russell, Ferrari's Charles Leclerc, couldn't, Hamilton, Leclerc, Verstappen, Pierre Gasly, Oscar Piastri, Liam Lawson, Daniel Ricciardo, Kevin Magnussen, Haas, Aston Martin, Fernando Alonso, Lance, didn't Organizations: of Singapore, Marina, Circuit, Red Bulls, Bull's, Singapore, Prix, Ferrari, Sunday, McLaren, DRS, Alpine, AlphaTauri Locations: Spain, Singapore, Hamilton, Verstappen

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