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☆ Elon Musk's X and Starlink face nearly $1 million in daily fines for alleged ban evasion in Brazil
▼ + stars: | 2024-09-19 | by ( Lora Kolodny | ) www.nbcnews.com time to read: +4 min

Elon Musk’s X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country’s supreme court on Thursday. The court said it would continue to impose “joint liability” on Starlink, the satellite internet service owned and operated by SpaceX, Musk’s aerospace venture. Brazil previously withdrew money for fines it levied against X from the accounts of X and Starlink at financial institutions in the country. X said it wasn’t intending to restore access for Brazilian users. Before the suspension, X had an estimated 22 million users in Brazil, according to Data Reportal.

Persons: Elon Musk’s, Brazil’s, Alexandre de Moraes, X, de Moraes, Darth Vader, Harry Potter, Voldemort, Musk, Correio, ”, “, Cloudflare didn’t Organizations: Supremo, Federal, SpaceX, Cloudflare, CNBC Locations: Brazil, Starlink, India, Turkey, Hungary

☆ Elon Musk’s X and Starlink face nearly $1 million in daily fines for alleged ban evasion in Brazil
▼ + stars: | 2024-09-19 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +4 min

Elon Musk's X faces steep daily fines in Brazil for allegedly evading a ban on the service there, according to a statement from the country's supreme court on Thursday. The court said it would continue to impose "joint liability" on Starlink, the satellite internet service owned and operated by SpaceX, Musk's aerospace venture. Brazil previously withdrew money for fines it levied against X from the accounts of X and Starlink at financial institutions in the country. X said it wasn't intending to restore access for Brazilian users. Before the suspension, X had an estimated 22 million users in Brazil, according to Data Reportal.

Persons: Elon Musk's, Brazil's, Alexandre de Moraes, X, de Moraes, Darth Vader, Harry Potter, Voldemort, Musk, Correio, Cloudflare didn't Organizations: Supremo, Federal, SpaceX, Cloudflare, CNBC Locations: Brazil, India, Turkey, Hungary

☆ Sam Altman's return to OpenAI means he joins Steve Jobs and Jack Dorsey on a list of CEOs who left companies they founded – then eventually came back.
▼ + stars: | 2023-11-26 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Apple’s Steve Jobs and Twitter’s Jack Dorsey made similar comebacks at the companies they founded. 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 . AdvertisementPerhaps the most obvious example is Steve Jobs, who famously left Apple in 1985 after a boardroom struggle. If your company's board is willing to get rid of you once, they'll probably do it again.

Persons: Sam Altman, –, Steve Jobs, Jack Dorsey, —, hadn't, Altman, Greg Brockman, Jobs, John Sculley –, he'd, Travis Kalanick –, Uber, they'll, Dorsey, Elliott, Paul Singer, Elon Musk, Bob Iger, Howard Schultz, Uber's Kalanick, Adam Neumann Organizations: Service, Microsoft, Apple, PepsiCo, NeXT, Twitter, Elliott Management, Disney, Starbucks – Locations: Recode

☆ Nvidia's stock-price surge means CEO Jensen Huang is richer than Nike founder Phil Knight and hedge-fund legend Ken Griffin
▼ + stars: | 2023-11-20 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Founder and CEO Jensen Huang's wealth has soared nearly $30 billion as a result. 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 . That means his fortune now exceeds those of Nike founder Phil Knight, Citadel CEO Ken Griffin, and Blackstone supremo Stephen Schwarzman. He'll turn 60 this year, making him years older than fellow tech billionaires Bill Gates and Jeff Bezos when they left day-to-day operations at 52 and 57, respectively.

Persons: Jensen, Huang, —, Nvidia –, that's, Jensen Huang, –, Mark Zuckerberg, Elon Musk, he's, Phil Knight, Ken Griffin, Blackstone supremo Stephen Schwarzman, Chris Malachowsky, Curtis Priem, East San Jose Denny's, Bill Gates, Jeff Bezos Organizations: Bloomberg, Service, Nvidia, Big Tech, Nike, Citadel, Blackstone supremo, East San Locations: Taiwan, Thailand, Oregon, East, East San Jose

☆ F1 on the right track in Vegas after parking lot past
▼ + stars: | 2023-11-14 | by ( Alan Baldwin | ) www.reuters.com time to read: +4 min

"The only problem last time was we couldn’t run on the Strip, which is what I wanted to do," he said. "I wanted to make sure when somebody turned their television on they knew they were in Vegas, not in the desert. But it never happened because the people in Vegas, all the hotels, couldn’t see that it was going to be any good for them. "F1 didn’t take to Vegas, it was mutual," recalled journalist Nigel Roebuck 30 years later in MotorSport magazine. "A night race down the Strip that’s going to be iconic ... that’s going to be on every piece of television imaginable."

Persons: Jose Carlos Pace, Bernie Ecclestone, Amanda Perobelli, Max Verstappen, Ecclestone, we’d, I’m, They’ve, Nigel Roebuck, Roebuck, Alan Jones, Maurice Hamilton, Greg Maffei, Alan Baldwin, Chris Reese Organizations: Prix, Jose Carlos Pace Circuit, Formula, One, Briton, Caesars Palace, Formula One, MotorSport, Netflix, Liberty Media, Thomson Locations: Sao Paulo, Brazil, Las Vegas, Vegas, United States, Miami, Americas, Austin, America, U.S, London

☆ The case for a career in bond investing
▼ + stars: | 2023-10-27 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

I sensed familiarity with the recent fate of fixed income benchmarks such as Austria’s hundred-year government bond. For this reason, when bond yields are low, the sensitivity of capital prices to inflation and interest rate shocks is high, and vice versa. The appreciating greenback has been a drag on much of the global fixed income universe for the past decade. The real reason to go into fixed income investing, I explained, is that you get to tell governments what to do. Now that the end of monetary anaesthesia has awoken fixed income from its 15-year coma, I told the MBA students, you’ve got your chance.

Persons: Bonds, That’s, Torsten Slok, GMO’s, Liz Truss, ”, Bill Clinton’s, James Carville, you’ve, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, Treasury, Reuters Graphics Reuters, Apollo Global Management, U.S ., JPMorgan, Economist, UK, Thomson Locations: U.S, Venezuela

The legal team had initially set a Friday deadline. "The ball is on their court, we've been waiting for their response," said Viana, a partner at law firm Vieira Rezende Advogados. His lawyers want Hamilton, who was racing for McLaren at the time to support the claims. He is an honorary Brazilian citizen and very well liked by Brazilians, so I hope he will support us," Viana said. Despite that, Viana said Massa's legal team were confident they had a strong case and enough evidence to bring the Brazilian the championship.

Persons: Felipe Massa, Lewis Hamilton, Bernardo Viana, we've, Viana, Vieira Rezende Advogados, Hamilton, Nelson Piquet Jr, Massa, Piquet, Fernando Alonso, supremo Bernie Ecclestone, Max Mosley, Mosley, Ecclestone, Charlie Whiting, Massa's, Nick de Marco, Gabriel Araujo, Ken Ferris, Toby Davis Organizations: SAO PAULO, Reuters, Formula, FIA, Ferrari, Massa, Renault, Singapore, Prix, McLaren, Hamilton, Mercedes, supremo, Thomson Locations: Singapore, Brazilian

☆ Vasseur wary of commenting on Massa's legal claim
▼ + stars: | 2023-08-23 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

Lawyers for Brazilian Massa last week notified Formula One chief executive Stefano Domenicali and Mohammed Ben Sulayem, president of the governing FIA, of the intent to claim compensation. An FIA spokesperson last week acknowledged receipt of "correspondence" from Massa's representatives and said the matter was under review. The scandal, widely known as 'Crashgate', did not emerge until a year later and led to Renault team bosses being banned. Vasseur said teams wanted to know the result of races at the chequered flag and not after the podium celebrations had happened. The Frenchman, who was Renault team boss in 2016, took over at Ferrari in January and was not in Formula One in 2008.

Persons: Driver Felipe Massa, Hamad I Mohammed, Fred Vasseur trod, Felipe Massa, Stefano Domenicali, Mohammed Ben Sulayem, Massa, Vasseur, Nelson Piquet's, Britain's Lewis Hamilton, insider.com, supremo Bernie Ecclestone, Max Mosley, Ecclestone, Mosley, Frenchman, Alan Baldwin, Lincoln Organizations: Saudi, Prix, Jeddah Corniche, Driver, Grand Prix REUTERS, Ferrari Formula, Brazilian Massa, Formula, FIA, Renault, McLaren, supremo, Reuters, Ferrari, One, Thomson Locations: Jeddah, Jeddah Corniche Circuit, Saudi Arabia, Singapore

"Simply put, Mr Massa is the rightful 2008 Driver's Champion, and F1 and FIA deliberately ignored the misconduct that cheated him out of that title," said the letter. There was no immediate response from the FIA and Formula One, which is currently on an August shutdown. PIQUET CRASHMassa was leading the 2008 Singapore Grand Prix from pole position when fellow Brazilian Piquet crashed into the wall on lap 14 of 61. The lawyers' letter warned that, without a satisfactory response, Massa intended to "pursue legal action in order to seek compensation for the harm he has suffered." Massa did not win again after 2008, with the Brazilian suffering a near-fatal head injury at the 2009 Hungarian Grand Prix.

Persons: Driver Felipe Massa, Hamad, Mohammed, Massa, Ecclestone, Felipe Massa, Stefano Domenicali, Mohammed Ben Sulayem, Law, McLaren's Lewis Hamilton, Mr Massa, " Massa, supremo Bernie Ecclestone, Max Mosley, Nelson Piquet's, PIQUET, Piquet, Fernando Alonso, insider.com Ecclestone, Hamilton, Mosley, Charlie Whiting, Rory Carroll, Alan Baldwin, Ken Ferris Organizations: Saudi, Prix, Jeddah Corniche, Driver, Grand Prix REUTERS, FIA, Reuters, Formula, Formula One, F1, supremo, Renault, Briton, F1 supremo, Liberty Media, Thomson Locations: Jeddah, Jeddah Corniche Circuit, Saudi Arabia, Paris, London, Singapore, Switzerland, Spanish

☆ Singaporean billionaire given arrest notice in anti-graft probe involving country's transport minister
▼ + stars: | 2023-07-14 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Singapore's anti-graft agency issued an arrest notice for billionaire Ong Beng Seng as part of its investigation involving transport minister S Iswaran. Ong, who is managing director of Singapore-listed hotel owner and operator Hotel Properties Limited , has been asked to provide information on his interactions with Iswaran. In a filing, HPL said no charges have been filed against Ong and that he is fully cooperating with the agency. The company added that Ong has provided requested information, but is unable to provide further details at this point. HPL's portfolio includes 38 hotels and resorts in 15 countries, operating under brands including Four Seasons, Intercontinental Hotels and Marriott International.

Persons: Ong Beng Seng, supremo Bernie Ecclestone, Ong, HPL, Mr Ong Organizations: supremo, Marina, Circuit, Hotel Properties, Practices, Intercontinental Hotels, Marriott Locations: Singapore

☆ Arda Güler: Real Madrid sign 18-year-old soccer sensation dubbed ‘Turkish Messi’
▼ + stars: | 2023-07-07 | by ( Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —Real Madrid have signed 18-year-old soccer sensation Arda Güler from Turkish side Fenerbahçe, the Spanish club announced on Thursday. Güler is one of the most highly sought-after prospects in the sport and his signing was rumored to be a contest between numerous big-name teams. But Real eventually won the race to add his talent and potential to its squad, with Güler signing a six-year contract with the club. I also want to be a legend of Real Madrid. Güler is also a part of the Turkish national team squad, making his debut as a 17-year-old.

Persons: Arda Güler, Güler, Florentino Pérez, Lionel Messi, Turkish Messi, ”, Fenerbahçe, Vinícius Jr, Jude Bellingham, Toni Kroos, Luka Modrić, Eduardo Camavinga, Federico Valverde, Aurélien, Vinícius Organizations: CNN — Real Madrid, Real, Los, supremo, Argentine, Turkish, Lig, Turkish national team, Wales Locations: Spanish, Real Madrid, Fenerbahçe, Real’s, Madrid

☆ Golf’s new Saudi deal presents questionable political, business and sporting realities
▼ + stars: | 2023-06-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +12 min

And the deal is also undeniably a great piece of business, assuming PGA Tour players accept it. And all pending litigation between LIV Golf and the PGA Tour was also mutually ended under the new agreement. He “co-opted the 9/11 community last year in the PGA’s unequivocal agreement that the Saudi LIV project was nothing more than sports washing of Saudi Arabia’s reputation,” the group said in a statement. Unresolved sporting conundrumsThere are as many sporting questions about the PGA Tour/LIV Golf partnership that remain unanswered. Then there is the question of how current PGA Tour members will respond.

Persons: LIV Golf, Arnold Palmer, Jamal Khashoggi, Prince Mohammed bin Salman, –, LIV –, Jay Monahan, Monahan, ”, “, Saudi LIV, ” Monahan, Dustin Johnson, Phil Mickelson, Patrick Reed, Cam Smith, Donald Trump, LIV, Trump, Khashoggi, ” Trump, Joe Biden, Antony Blinken, Tuesday’s LIV, Qataris, Cristiano Ronaldo, Karim Benzema, ” Yasir Al, Rumayyan, of Famer Greg Norman, Collin Morikawa, Mickelson, Alan Shipnuck, Shipnuck Organizations: CNN, PGA, Saudi, Post, Premier League, Global, Families United, Saudi shills, Crown, Formula One, NBA, Tour, Qatar, Soccer, Manchester City, United, Newcastle, Indian Premier League, Al, Real, Saudi Public Investment, “, Saudi Public Investment Fund, CNBC, of Famer, Open, Twitter Locations: Washington, Saudi, Qaeda, Riyadh, China, Western Europe, East, India, United Arab Emirates, Saudi Arabia, Ittihad, Real Madrid, French

☆ Elon Musk's Twitter is moving deeper into programmatic advertising as it attempts to revive revenue
▼ + stars: | 2023-05-30 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Twitter is going to make its ad inventory available to buy on the open programmatic market for the first time. The company is entering into a partnership with adtech company InMobi, and has been speaking with other ad vendors. Twitter had had ongoing conversations with multiple adtech vendors about partnerships for months, according to people familiar with the matter. Insider Intelligence last month slashed its forecast for Twitter's 2023 ad revenue to $2.98 billion, down 37% on its October projection for the same period. The move to work with external programmatic advertising vendors comes more than a year after Twitter sold its mobile advertising network to MoPub to gaming and adtech company AppLovin for $1.05 billion.

☆ A corruption scandal, accusations of favoritism and Franco’s regime: Real Madrid and Barcelona in war of words over Spain’s fascist past
▼ + stars: | 2023-04-19 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

More than eight weeks after the scandal emerged, FCB President Joan Laporta went out to bat for the Catalan club on Monday. General view of Estadio Santiago Bernabeu prior to the La Liga match between Real Madrid CF and Getafe CF on April 09, 2022 in Madrid, Spain. But Laporta finished by saying that Real Madrid is “a club considered the team of the regime,” a reference to the club’s reported historic ties with Franco during his fascist dictatorship. “We are talking about a club [Real] that has historically close ties to political, financial and sporting power,” Laporta said. In total, Real won 14 league titles to Barcelona’s eight under Franco, while the Blaugrana won nine Copas del Generalísimo to Real Madrid’s six.

☆ The Best Pillows for Side Sleepers, According to Experts
▼ + stars: | 2023-03-27 | by ( ) www.wsj.com time to read: +13 min

Best memory foam pillow for side sleepersSaatva Graphite Memory Foam Pillow $165 at Saatva This responsive and well-cushioned pillow is also cooling, thanks to its graphite-infused memory foam. (It’s technically made with shredded memory foam around a latex core.) More than other memory foam pillows we tested, the Saatva takes the shape of your head and neck—as in, you can see your form in the pillow. Another plus: It feels cool to the touch, which we found isn’t always the case with memory foam pillows we’ve tried. The company uses both graphite and gel in its memory foam to carry heat away from your body.

☆ Formula One accuses FIA head of commercial interference
▼ + stars: | 2023-01-24 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

LONDON, Jan 24 (Reuters) - Liberty Media-owned Formula One has accused FIA president Mohammed Ben Sulayem of interfering with its commercial rights by publicly questioning a reported $20 billion valuation of the sport. They also fuel the sense of an emerging turf war between the governing body and a commercial rights holder eager to grow an expanding and increasingly popular championship in new directions. Sky Sports News reported that Formula One's legal head Sacha Woodward Hill and Liberty Media counterpart Renee Wilm had sent a joint letter to the FIA accusing the governing body of exceeding its remit. "The FIA has given unequivocal undertakings that it will not do anything to prejudice the ownership, management and/or exploitation of those rights," Sky quoted Formula One's letter as saying. There was no comment from Formula One and no immediate response from the FIA.

☆ Explainer: Key issues in Nepal's national elections
▼ + stars: | 2022-11-18 | by ( Gopal Sharma | ) www.reuters.com time to read: +3 min

KATHMANDU, Nov 18 (Reuters) - Nepal will hold national and provincial elections on Sunday, which the ruling coalition, led by the centrist Nepali Congress party, are expected to win. MAIN CONTESTANTSPrime Minister Sher Bahadur Deuba, who leads the Nepali Congress party, has allied with the Maoist Centre party, the main group of former Maoist rebels. His Nepali Congress party is considered the closest to India. The Maoist Centre party led by supremo Prachanda could emerge as a kingmaker in case of inconclusive elections. CHINA, INDIA INTERESTNeighbouring China and India, with their strategic and economic interests, will be watching the election results.

☆ Explainer: Who Pakistan picks as army chief matters far beyond its borders
▼ + stars: | 2022-11-17 | by ( Gibran Naiyyar Peshimam | ) www.reuters.com time to read: +5 min

Even when a civilian government holds power, Pakistan's generals retain a dominant influence over security matters and foreign affairs. BAJWA'S LEGACYAppointed chief in 2016, Bajwa sought to balance ties with China and the United States. He even summoned Pakistan's top industrialists to a meeting at army headquarters to encourage them to pay more tax. WHY IT MATTERS GLOBALLYPakistan's army chief will play a key role in managing risks of conflict with nuclear-armed rival India on its eastern border, while dealing with potential instability and friction with Afghanistan on its western frontier. The incoming army chief could potentially play a key role in lowering the political temperature as Pakistan attempts to survive an economic crisis and recover from historic floods.

☆ Diego Maradona: How the 'Hand of God' and the 'Goal of the Century' redefined football
▼ + stars: | 2018-06-11 | by ( Marcela Mora Y Araujo For Cnn Video Patrick Sung | Marcela Mora Y Araujo | ) edition.cnn.com time to read: +19 min

With the scores between England and West Germany level at 2-2 in the 1966 World Cup final, striker Geoff Hurst's shot hit the crossbar and deflected downwards. With the scores between England and West Germany level at 2-2 in the 1966 World Cup final, striker Geoff Hurst's shot hit the crossbar and deflected downwards. STAFF/AFP/AFP/Getty Images Diego Maradona, 1986 — "The Hand of God" needs little introduction. BONGARTS/Getty Images Maradona followed that act of subterfuge with one of the greatest ever World Cup goals as England lost 2-1. Ian Walton/Getty Images Maradona is also venerated in Naples after leading Napoli to the Italian Serie A title in 1987 and 1990.

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