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☆ Stocks, property, bonds, the pound: Here’s what a new Labour government means for investing in the UK
▼ + stars: | 2024-07-05 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +7 min

The Labour party's pledge, for example, to increase taxes on the compensation that private equity fund managers received raised a few eyebrows, and led to questions on what this could mean more broadly. In a note Friday, analysts at Jefferies said, despite concerns raised by a strong showing for the right-wing Reform UK Party, the Labour Party's U.K. election win would help make the U.K. appear "relatively stable." "A widely predicted Labour win in the UK could usher in an era of greater stability for the UK … which should help bolster investor sentiment towards the UK," she said. "U.K. bank stocks in the end are one of the biggest proxies for U.K. economic growth," he said. If results are as expected, attention will shift away from the U.K. election quickly, Shreyas Gopal, strategist, and Sanjay Raja, senior economist at Deutsche Bank, said in a note published Wednesday.

Persons: Vuk Valcic, hasn't, Jefferies, James McManus, Susannah Streeter, Hargreaves Lansdown, McManus, Liz Truss, Streeter, Richard Donnell, Nutmeg's McManus, CNBC's Silvia Amaro Friday, Mark Fielding, Fielding, Shreyas Gopal, Sanjay Raja, BoE, Francesco Pesole, Pesole Organizations: City of, Labour Party, Conservatives, U.S ., Labour, CNBC, Stock, Reform UK Party, Hargreaves, Deutsche Bank, ING, Bank of England, ECB Locations: Bishopsgate, City, City of London, London, France

☆ How Google lost its way
▼ + stars: | 2024-02-29 | by ( Hugh Langley | Lara O'Reilly | ) www.businessinsider.com time to read: +17 min

Just two months after Google launched Gemini, its flashy new AI model, the company revealed that it had already built a better version. AdvertisementThen, days later, Google scrambled to explain why its image generation tool spit out racially inaccurate depictions of historical figures. Users have long bemoaned — and researchers recently found — a decline in the quality of Google Search results. The fact that Google is not far and away the self-driving-car leader, it's, like, a total joke," the former Google director said, adding that the problem of Google's lost supremacy is "maybe impossible to solve, frankly." Google now is reminiscent of the Steve Ballmer-era Microsoft, which missed the smartphone, search, and cloud waves and was overtaken by Apple, Google, and Amazon.

Persons: OpenAI, Sora, Sam Altman, Sundar Pichai's, Pichai, —, Larry Page, Sergey Brin, Lea Suzuki, Getty Brin, Page, Google, Googlers, Axel Springer, Diane von Furstenberg, Giovanni Giannoni, Michael Avrukin, Vuk Valcic, wouldn't, Patrick Mork, Eric Lehman, Lehman, ChatGPT, Caesar Sengupta, Sengupta, Alexa, Google's, Steve Ballmer, Satya Nadella, Hugh Langley, Lara O'Reilly Organizations: Google, Hollywood, Industry, San Francisco Chronicle, Business, Penske Media, Microsoft, Amazon, The New York Times, Oracle, YouTube, Apple, IBM, Meta Locations: Silicon Valley, Silicon, —

☆ Serbian Journalists Protest Acquittal of Suspects in 1999 Killing of Colleague
▼ + stars: | 2024-02-05 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

BELGRADE (Reuters) - Dozens of Serbian journalists and rights activists protested peacefully in Belgrade on Monday against the acquittal of four men who had previously been sentenced over the 1999 killing of opposition journalist and newspaper publisher Slavko Curuvija. The Belgrade-based Appellate Court announced the acquittal last week of four State Security operatives, including Radomir Markovic, the former head of the agency. The protesters carried a banner reading "You killed justice, but truth lives on," which they left in front of the building housing the Appellate Court in downtown Belgrade. Dusko Milenkovic, the head of the Appellate Court, said the court had concluded that the prosecution "did not provide enough evidence to prove the indictment." The Supreme Court has the power to overturn the Appellate Court's decision and order a retrial.

Persons: Slavko Curuvija, Radomir Markovic, Curuvija, Slobodan Milosevic's, Markovic, Dusko Milenkovic, Ivan Stambolic, Vuk Draskovic, Aleksandar Vasovic, Timothy Heritage Organizations: BELGRADE, Reuters, State Security, Journalists ' Association of Serbia, Milosevic, NATO, Serbia Locations: Belgrade, Curuvija, Kosovo

☆ ‘Mutt,’ ‘Unpregnant’ and More Streaming Gems
▼ + stars: | 2024-01-26 | by ( Jason Bailey | ) www.nytimes.com time to read: 1 min

‘Mutt’ (2023)Stream it on Netflix. Vuk Lungulov-Klotz’s micro-budget New York drama is everything indie movies are supposed to be: keenly observed and modestly executed, telling us a story and showing us a world we don’t usually see in mainstream cinema. In this case, it’s the world of Feña (Lío Mehiel), a transgender man and a semi-desperate pseudo-hustler whose life goes momentarily topsy-turvy when he accidentally reconnects with a former boyfriend from before his transition. This is a small film, but a mighty one. ‘Unpregnant’ (2020)Stream it on Max.

Persons: Mutt ’, Vuk Lungulov, Unpregnant ’, Max Organizations: Netflix Locations: York

☆ Microsoft CEO Satya Nadella talks AI, closing the Activision Blizzard deal, and his best business decision so far
▼ + stars: | 2023-10-22 | by ( Mathias Döpfner | ) www.businessinsider.com time to read: +47 min

Just like the cloud transformed every software category, we think AI is one such transformational shift. Therefore, this notion of Copilots that we're introducing is really going to be revolutionary in terms of driving productivity and communication. Milton Friedman once famously said: "the business of business is business." One is, is the business of business just business? So, I think AI can actually be very helpful in many ways to be a little more empathetic and more understanding of the world.

Persons: Satya Nadella, Axel Springer's, OpenAI, Nadella, Axel Springer, —, Mathias Döpfner, Pankaj Nangia, Steve Ballmer, Steve, I've, It's, I'd, Herbert Simon, Karl Marx, Lakshmi, Hayek, Marx, Justin Sullivan, Carol Dweck, they're, Vuk Valcic, That's, it's, you've, Jae, Copilot, Jeff Bezos, I'm, We've, Milton Friedman, Elon Musk, we've, Lina Khan, Sam Altman, Sam, Tomohiro Ohsumi, Bard, Bing, Mathias, wouldn't, Picasso, Jakub Porzycki, Mustafa Suleyman, We'll Organizations: Service, Microsoft, Olympic, Australia, Getty, Activision Blizzard, Gaming, AP, Windows, Linux, Children's Hospital, University of Wisconsin, Associated Press, Google Locations: Berlin, India, Hyderabad, Seattle, United States, Milwaukee, American, China, derisking, DC, Beijing, Europe, GitHub, British

☆ British Museum asks public to help recover stolen treasures
▼ + stars: | 2023-09-27 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

CNN —The British Museum is appealing to the public in its efforts to recover some of the 2,000 artifacts it believes were stolen from its collections. “We’re dealing with lots of honest people who will return stolen items,” he told BBC Radio 4 last month. “Others may not.”The British Museum said it is working with experts, including "leading figures in the study of gems and jewelry,” to recover the stolen items. Founded in 1753, the British Museum is home to countless precious artifacts including the Rosetta Stone and the Parthenon Sculptures. But we’re cleaning up the mess and we’re going to be that British museum that I think the nation and the world can be proud of.”

Persons: “, George Osborne, ”, Vuk Valcic, James Ratcliffe, Rosetta Stone, Osborne, Hartwig Fischer, ” Osborne, we’ve Organizations: CNN, British, BBC Radio, British Museum, London’s Metropolitan Police Locations: British, Danish

Charles’ coronation is expected to be shorter than his mother’s seven decades ago. The spot where King Charles will be crowned inside Westminster Abbey Dan Kitwood/Getty ImagesWhat happens during the coronation service? Which crown will King Charles use? How is King Charles making the ceremony more inclusive? Don’t missThe coronation of King Charles III brings pageantry, revelry, and new questions – is the monarchy relevant in the modern world?

☆ A Black teen’s murder sparked a crisis over racism in British policing. Thirty years on, little has changed
▼ + stars: | 2023-04-22 | by ( Katie Polglase Sarah El Sirgany Ivana Kottasová Martin Bourke Oscar Featherstone | Katie Polglase | Sarah El Sirgany | ) edition.cnn.com time to read: +14 min

His killing and the subsequent failure of the London Metropolitan Police Service to properly investigate the crime sparked a national outcry. Within days of his killing at a bus stop in southeast London, five White teens were identified as being involved. It took years of campaigning by the Lawrence family — and public support from the likes of Nelson Mandela and the national press — to get the investigation moving. While an initial investigation by then-police watchdog the Independent Police Complaints Commission cleared the police of any wrongdoing, the Rigg family kept fighting. Matthew Brealey/CNNFinding peaceAs the Lawrence family and their supporters mark the 30th anniversary of Stephen’s killing, they are still fighting for his killers to face justice.

The Sundance Film Festival has long been known for premiering some of the most original — and ultimately the most award-winning — indie titles of the year. As the most notable international film festivals increasingly feature queer titles in their lineups, it’s no surprise that much of the exciting content premiering at this year’s Sundance Film Festival comes from LGBTQ filmmakers or features queer themes. The Premieres sectionAs usual, many of the year’s most high-profile films, including those from queer creators and featuring queer storylines, are coming out of the festival’s Premieres section. Courtesy of Sundance InstituteEnglert’s film will screen in the world cinema dramatic section alongside queer films “Girl,” from U.K. filmmaker Adura Onashile, and “Mamacruz,” from Spanish director Patricia Ortega. The list of LGBTQ creators and titles doesn’t end there, making this perhaps the most significant Sundance Film Festival for queer cinema yet.

☆ Analysis: Heavily discounted UK Plc may have further to fall
▼ + stars: | 2022-11-09 | by ( Joice Alves | ) www.reuters.com time to read: +5 min

Hani Redha, global multi-asset portfolio manager at U.S. investment firm PineBridge, said that UK valuations do not look cheap when looking at a multi-year timeframe and the "structural issues facing the UK economy". UK stocks (.FTAS) are already trading at a record discount to their global peers (.MIWD00000PUS), Refinitiv data shows, but investors expect new lows next year. UK discountThe domestic-orientated FTSE 250 mid-cap index (.FTMC) has broken three consecutive quarterly declines after new Prime Minister Rishi Sunak dumped most of his predecessor's market-crushing fiscal plan. Half of all borrowing by UK non-financial companies is in dollars, totalling about 350 billion pounds ($399.5 billion), according to S&P Global. "Bearing in mind in what state the UK economy is right now, I would stay clear of UK small-caps," he said.

☆ UK media companies are left with an estimated $100 million-plus shortfall due to an advertising blackout after the Queen's death
▼ + stars: | 2022-09-20 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

Many UK media companies pulled advertising after the Queen's death and during her funeral. Analysts estimate the ad blackouts could cost media companies more than $100 million in lost revenue. Experts also said media companies could benefit from extra print sales and pent-up advertiser demand. Douglas McCabe, CEO and director of publishing and tech at Enders Analysis, estimated the lost advertising could equate to around 15 million pounds ($17 million) a day for TV companies, 2 million pounds ($2.3 million) for radio, 2 million pounds for billboard owners, and 1 million pounds ($1.1 million) for newspapers. But even when advertising returns, UK media companies remain in a tight spot due to soaring inflation and a gloomy economic outlook.

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