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☆ Nigeria to boycott AFCON qualifier against Libya after players claim they were left stranded at airport overnight
▼ + stars: | 2024-10-14 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +5 min

CNN —The Nigeria men’s soccer team is back home after being stuck at a remote Libyan airport for over 15 hours, according to Nigeria’s football governing body and team captain William Troost-Ekong. In an Instagram post, the NFF said that the squad was stranded overnight at Al Abraq airport outside of Al Bayda, Libya. “We understand the Al Abraq International Airport is only used for hajj operations. They’ve locked the airport gates and left us without phone connection, food or drink. But never on purpose!”Later on Monday, Troost-Ekong said the team had traveled back to Nigeria.

Persons: William Troost, ”, Faisal Al, Badri, “, Ekong, Ulrik Pedersen Organizations: CNN, Nigeria men’s soccer, Eagles, of Nations, Nigerian Football Federation, Al, Libyan Football Federation, Reuters, Nigerian, ” CNN, of African Football, Nigerian National Football, CAF, Board, Tunisian, IF Locations: Nigeria, Libya, Africa, Benghazi, Al Abraq, Al Bayda, ”

☆ Opinion | The Presidential Campaign’s Carbonated Détente
▼ + stars: | 2024-08-07 | by ( Frank Bruni | ) www.nytimes.com time to read: +1 min

The beverage has had a starring role in the 2024 campaign because, it turns out, both vice-presidential candidates are fans of it. That suggests some artificially sweetened version of horseshoe theory, with left and right arriving at a similar destination, a carbonated détente. It’s also zero calories per serving, and neither man seems to be a metabolic marvel liberated from any worry about weight. President Theodore Roosevelt, so appreciative of nature, plucked mint from the White House garden for juleps. President Donald Trump, so given to excess, drank as many as 12 Diet Cokes a day.

Persons: ’, syrupy —, JD Vance, Tim Walz, men’s, It’s, Thomas Jefferson, Theodore Roosevelt, Donald Trump, Cokes Organizations: Ohio, Gov Locations: Minnesota

☆ Abortions now cost over $450, more than double the price before Roe was overturned, per a reproductive care nonprofit director
▼ + stars: | 2024-02-29 | by ( Allie Kelly | ) www.businessinsider.com time to read: +9 min

Abortion funds provide information and help offset costsThe demand for funds like CAF has risen significantly since June 2022, Jeyifo said. It also received funding from the city of Chicago and is one of the few abortion funds to receive local government funding. AdvertisementSo far this year, Hidalgo-Cuellar said 84% of Cobalt's clients requiring travel support have come from Texas. She said it's difficult to keep the work of abortion funds in the public eye — and she worries about donations drying up. Imminent rulings from the Florida Supreme Court will also decide the fate of the state's abortion bans, and whether voters will have a say in abortion laws this November.

Persons: —, Roe, Wade, Megan Jeyifo, Jeyifo, Dobbs, they'll, Melisa Hidalgo, Cuellar, Sumeyye, you's Organizations: Service, Chicago Abortion Fund, CAF, Business, Jackson, Health Organization, Guttmacher, Kaiser Family Foundation, Guttmacher Institute, The, Abortion, ARC Locations: Chicago, Illinois, New Mexico, Colorado, Hidalgo, Texas, Alabama, Georgia, Mississippi, Arc, Florida

☆ Congested Bogota Secures $415 Million IDB Credit for Second Metro Line
▼ + stars: | 2023-11-01 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +1 min

BOGOTA (Reuters) - The board of directors of the Inter-American Development Bank (IDB) on Wednesday approved a $415 million credit line, with an initial disbursement of $50 million, to finance Bogota's second metro line, the Colombian capital's mayor said. The underground Line 2 will connect to the city's west, said Mayor Claudia Lopez, who finishes her term this year after overseeing initial construction on Bogota's long-awaited first metro line. At a price tag of 34.9 trillion Colombian pesos ($8.5 billion), Line 2 is expected to benefit nearly 2.5 million inhabitants and stretch 15.5 kilometers (9.63 miles) connecting 11 stations. Line 1, currently being constructed by Chinese companies Harbor Engineering Company and Xi'an Metro Co., extends 23.9 kilometers overground - despite opposition by President Gustavo Petro, who wanted part of the line to be constructed underground. The metro is considered critical to reducing the chaotic traffic in the capital of more than eight million residents and will complement the existing TransMilenio bus system.

Persons: Claudia Lopez, Lopez, Gustavo Petro, Luis Jaime Acosta, Sandra Maler Organizations: Inter, American Development Bank, Colombian capital's, European Investment Bank, Development Bank of Latin America, Harbor Engineering Company, Xi'an Metro Co Locations: BOGOTA, Colombian, Bogota, Xi'an

☆ Morocco and East African co-bid to host future Africa Cup of Nations finals
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

Morocco won by default after Algeria, Zambia and a joint bid from Benin and Nigeria all withdrew before the vote of the Confederation of African Football's executive committee in Cairo on Wednesday. The north African country was a runaway favourite and will see the decision as a boost to their hopes of co-hosting the 2030 World Cup with Portugal and Spain. It is only the second time that Morocco will host Africa's most popular sporting event, almost four decades after the previous time in 1988. The joint East African bid for 2027 returns the finals to the region for the first time since 1976. Writing by Mark Gleeson in Cape Town; Editing by Christian Radnedge and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Mohamed Abd El Ghany, Mark Gleeson, Christian Radnedge, Bernadette Baum Organizations: Soccer Football, Africa, of Nations, Olembe, Nations, REUTERS, Rights, Portugal, CAF, Thomson Locations: Senegal, Egypt, Yaounde, Cameroon, Rights CAIRO, Morocco, Guinea, Kenya, Tanzania, Uganda, Algeria, Zambia, Benin, Nigeria, Cairo, Spain, Botswana, Cape Town

☆ Algeria withdraw bid to host Cup of Nations finals
▼ + stars: | 2023-09-26 | by ( Mark Gleeson | ) www.reuters.com time to read: +3 min

“The FAF will now focus its efforts on the reorganisation and revitalisation of football in Algeria, as it reiterates its unwavering commitment to the development of African football. Algeria built new stadiums and upgraded other infrastructure to host the African Nations Championship at the start of the year. Algeria, Morocco, Zambia and a joint bid from Benin and Nigeria were in the running for the 2025 finals. Algeria, Botswana, Egypt, Senegal and a joint candidacy from Kenya, Tanzania and Uganda submitted bids to host the 2027 tournament. In 2014 Guinea were award the right to host the 2023 finals, along with Cameroon (2019) and Ivory Coast (2021).

Persons: Thaier, Ivory Coast, Pritha Sarkar Organizations: Soccer Football, Africa, of Nations, Olembe, Nations, REUTERS, Algerian Football Federation, “, African Nations, CAF, Guinea, South, Thomson Locations: Senegal, Egypt, Yaounde, Cameroon, Algeria, Cairo, Morocco, Guinea, Zambia, Benin, Nigeria, Botswana, Kenya, Tanzania, Uganda, South Africa, Libya, Ivory Coast, Ivory, West Africa

☆ African qualifier to go ahead in Marrakech despite deadly quake
▼ + stars: | 2023-09-09 | by ( Mark Gleeson | ) www.reuters.com time to read: +2 min

However, Saturday's match between Morocco and Liberia in Agadir, some 260km away from the quake epicentre, has been postponed. The Congo and Gambia squads spent the night sleeping beside their respective hotel pools after the magnitude 7.2 quake that struck in Morocco's High Atlas mountains and damaged buildings in nearby Marrakech. The coaches of both teams said their players had been traumatised by the event but had been told they must go ahead with their match. Sunday’s Group G decider between Gambia and Congo is being played in Marrakech because Gambia do not have a suitable stadium for hosting international matches. “We have been told our match on Sunday must go ahead.

Persons: Tom Saintfiet, ”, ” Congo’s, Paul Put Organizations: of Nations, Sunday’s, Sunday, ”, Reuters, CAF, Royal Moroccan Football Federation, Confederation of African, Thomson Locations: CAPE, Congo, Marrakech, Morocco, Liberia, Agadir, Gambia, ” Gambia

☆ Exclusive: Argentina to use IMF money to pay back part of a currency swap with China -sources
▼ + stars: | 2023-08-23 | by ( Jorgelina Do Rosario | ) www.reuters.com time to read: +3 min

[1/2] The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. The cash-strapped economy has used money from the Chinese swap line to pay for imports as well as repay IMF debt. The swap line that the PBOC signed in 2009 with Buenos Aires was the first agreed with a Latin American country. Neither China nor Argentina have released much detail of the swap arrangement or any borrowing under it, so little is known about the currency line signed more than a decade ago. "The funds that will be disbursed today go in part to Qatar, to CAF and will lower the level of how much has been used from the swap line.

Persons: Yuri Gripas, PBOC, Jorgelina, Jorge Otaola, Karin Strohecker, Sandra Maler Organizations: Monetary Fund, REUTERS, International Monetary Fund, People's Bank of China, Fund, Buenos Aires, Development Bank of Latin, CAF, Qatar, Thomson Locations: Washington , U.S, Argentina, China, Buenos Aires, Buenos, American, Development Bank of Latin America, Qatar, SDRs, U.S, Rosario

☆ Atlas Lionesses: The Moroccan soccer revolution and the players inspiring a generation of girls
▼ + stars: | 2023-08-07 | by ( Alasdair Howorth For Cnn | ) edition.cnn.com time to read: +8 min

Morocco players celebrate after advancing to the knock out stage of the Women's World Cup. Her impact on the Moroccan women’s team has been equally dazzling. Chebbak’s legend has only grown this summer in leading the Atlas Lionesses at their first ever World Cup. Frustrated with the lack of women’s soccer, Illa and a few friends set up a team of their own. Nouhaila Benzina, pictured alongside FIFA President Gianni Infantino, has become a history maker during the Women's World Cup.

Persons: Ghizlane Chebbak, Mohammed VI, King, Chebbak, –, Prince Moulay Abdallah, King Mohammed VI, Cheebak, Khadija Illa, “, Alex Grimm, Larbi Chebbak, Ghizlane, didn’t, Misr El, Paul Kane, ” Chebbak, ”, Hakimi, Hakim Ziyech, Morocco’s, Morocco's, Reynald Pedros, Gary Day, Illa, Colin Murty, Fouzi Lekjaa, Nouhaila, Gianni Infantino, Harold Cunningham Organizations: CNN, of Nations, Morocco women’s, National Women’s Football League, FIFA, Moroccan, Rabat’s AS, AS, CAF Champions League, Confederation of African Football, South, Chebbak, Getty, Royal Moroccan Football Federation, Women’s Football League, CAF Women’s Champions League Locations: Morocco, South Africa, Sahara, Egypt, Germany, South Korea, Colombia, France, Laâyoune, Rabat, soccer, AFP, Moroccan

☆ Argentina agrees $775 million loan with Qatar to make IMF repayment
▼ + stars: | 2023-08-04 | by ( ) www.reuters.com time to read: +1 min

The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File PhotoAug 4 (Reuters) - Argentina's government on Friday agreed with Qatar a $775 million loan to use to make an International Monetary Fund (IMF) repayment due this Friday. Argentina is grappling with a severe economic crisis with sky-high inflation and falling central bank reserves and is facing IMF repayments. The country's Economy Minister Sergio Massa said on Monday Argentina would not use "a single dollar of its own reserves" to make the IMF repayment. The Qatar loan will have the IMF's variable interest rate applicable to SDRs (IMF currency), which is currently 4.033% per annum, a presidential decree said.

Persons: Yuri Gripas, Sergio Massa, Massa, Nicolas Misculin, Natalia Siniawski, Jason Neely, Jane Merriman Organizations: Monetary Fund, REUTERS, Qatar, Argentina, IMF, CAF, Thomson Locations: Washington , U.S, Argentina, Qatar, China

☆ Argentina won't use 'one dollar' of reserves to repay IMF, says Massa
▼ + stars: | 2023-07-31 | by ( ) www.reuters.com time to read: +1 min

BUENOS AIRES, July 31 (Reuters) - Argentina's Economy Minister Sergio Massa said on Monday the country will not use "a single dollar" of its own reserves to make a $2.7 billion repayment to the International Monetary Fund (IMF) due this week. Argentina, which has been grappling with a severe economic crisis with sky-high inflation and falling central bank reserves, needed to avoid a default with the Fund, with maturities of $2.6 billion due on Monday and almost $800 million due on Tuesday. "I want to bring you peace of mind - Argentina is not going to use a single dollar of its reserves to pay today's maturity," Massa said in a televised speech. The challenge for Argentina now, he added, is to "continue to take care of the (foreign currency) reserves while maintaining the economic activity levels." Reporting by Eliana Raszewski and Gabriel Araujo; Editing by Bernadette Baum and Alexander VIllegasOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergio Massa, Massa, Eliana Raszewski, Gabriel Araujo, Bernadette Baum, Alexander VIllegas Organizations: International Monetary Fund, Development Bank of Latin America, CAF, IMF, Thomson Locations: BUENOS AIRES, China, Buenos Aires, Argentina

☆ Banyana Banyana: How South Africa emerged from apartheid to shine on the world stage
▼ + stars: | 2023-07-27 | by ( Alasdair Howorth | For Cnn | ) edition.cnn.com time to read: +10 min

The team is now making its second appearance at the Women’s World Cup, but 30 years ago, the “Banyana Banyana” was playing its first ever match as a nation emerging from apartheid. Fans have got behind the women's team which has grown from strength to strength. Progress still neededIn 2018, with former captain Ellis now coaching, Banyana Banyana reached the final of WAFCON, only losing to serial winner Nigeria on penalties. That appearance in the final also qualified the team for its first ever World Cup appearance in 2019 in France. Banyana Banyana can now focus fully on the FIFA Women’s World Cup, knowing that their immediate concerns have been addressed.”South African players celebrate after taking the lead in their Women's World Cup Group G soccer match against Sweden, though the Banyana Bayana ultimately lost 2-1.

Persons: ”, –, “, Dara Carroll, Phill Magakoe, Fran Hilton, Smith, White, Alet Pretorius, Desiree Ellis –, Nelson Mandela, Terry Paine, Paine, Ellis, Desiree Ellis, Anesh Debiky, Ellis wasn’t, weren’t, Hilton, Carroll, we’ve, ” Carroll, Banyana Banyana, SAFPU, Culture Zizi, Bayana, Andrew Cornaga Organizations: CNN, South Africa women’s, soccer, Africa, of Nations, South Africa’s, CNN Sport, South, Getty, Springboks, Swaziland, South African Women Association, of African Football, CAF, FIFA, interprovincial, Soweto Ladies Football Club, Hilton, Southampton, Wits University, Sports , Arts, Culture, Sweden, Wellington Regional Locations: South Africa, Morocco, White, Swaziland, Johannesburg, AFP, “, South Africa’s, England, Cape Town, Nigeria, France, Botswana, SAFA, South, New Zealand, Sweden

The European Space Agency (ESA), whose satellites monitor land and sea temperatures, has warned that Italy, Spain, France, Germany and Poland are all facing extreme conditions. Temperatures next week could break Europe's current record - 48.8 Celsius recorded in Sicily in August 2021. [1/5]A woman cools off near a fan at a caf?, during a heatwave across Italy, in Rome, Italy, July 14, 2023. ACROPOLIS NOT NOWIn Athens, with temperatures peaking above 40 Celsius, authorities closed the Acropolis Hill, home to the Parthenon temple that is visited by millions of tourists every year, from noon to 5 p.m. (0900 GMT-1400 GMT). Others were brought down from the Acropolis Hill in golf carts and transferred to wheelchairs.

Persons: BURNS, Joan Ballester, Guglielmo Mangiapane, Angel Abad, Abad, Deborah Kyvrikosaios, Angeliki, Stamos Prousalis, Antonio Bronic, Malgorzata, Horaci Garcia, Guillermo Martinez Catherine Macdonald, Rachel Norstrant, Rich McKay, Keith Weir, Gavin Jones, Frank Jack Daniel Our Organizations: Phoenix, European Space Agency, ESA, Barcelona Institute, Global Health, caf, REUTERS, Reuters, Madrid's La, Thomson Locations: ATHENS, PHOENIX, Greece, Acropolis, Europe, Italy, Spain, France, Germany, Poland, Sicily, El, United States, Phoenix, Arizona, Portugal, Rome, ACROPOLIS, Athens, Croatia, Madrid's La Paz

☆ Brazil's Lula proposes common South American currency at UNASUR meeting
▼ + stars: | 2023-05-30 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +1 min

CNN —Brazilian President Luiz Inácio Lula da Silva proposed creating a common currency in the region during a meeting with South American heads of state in Brasilia on Tuesday. Talk of creating a common currency there has periodically cropped up since its founding in 1991. Lula also argued that regional development banks like the Andean Development Corporation (CAF), the Bank of the South and Brazil’s development bank BNDES should do more to finance social and economic development in the region. It’s not the first time that regional leaders have floated the idea of creating a common currency in South America. “If we compare the Eurozone, discussions over the common currency started back in the 1950s.

☆ Fan death, crowd trouble mar CAF Champions league ties in North Africa
▼ + stars: | 2023-04-30 | by ( ) www.reuters.com time to read: +1 min

April 30 (Reuters) - Casablanca authorities have opened an investigation after a fan died outside the gates of the Stade Mohammed V before Raja's match against Al-Ahly in the CAF Champions League quarter-finals on Saturday. Another CAF Champions League quarter-final between Esperance and Algeria's JS Kabylie in Tunis on Saturday was marred by crowd trouble, which caused a 40-minute delay to the second half. Esperance fans clashed with Tunisian security forces and lit fireworks on the terraces at halftime of the tie at Rades Stadium. They will face Al-Ahly over two legs for a place in the final after the Cairo club held Raja to a 0-0 draw in Casablanca. Raja's city rivals Wydad, the reigning champions, will face South Africa's Mamelodi Sundowns in the other semi-final next month.

☆ Bids for 2027 Africa Cup of Nations offer path for comprise over 2025 hosts
▼ + stars: | 2023-04-27 | by ( Mark Gleeson | ) www.reuters.com time to read: +2 min

CAPE TOWN, April 27 (Reuters) - Algeria head a list of four bids to host the 2027 African Cup of Nations, which the Confederation of African Football announced on Thursday, but Morocco are a surprise omission suggesting a compromise over the 2025 edition has been struck. A statement said CAF had received bids from Algeria, Botswana, Egypt and a joint candidacy from Kenya, Tanzania and Uganda for the 2027 tournament after the expiry of the deadline for declarations of interest. CAF have repeatedly delayed deciding who will replace Guinea as the 2025 hosts. Algeria and Morocco are the top two contenders for 2025 but choosing between the two neighbours has become a political dilemma for CAF, sources have told Reuters. The two North African neighbours have an adversarial relationship, with diplomatic ties suspended, and winning the rights to host the 2025 Cup of Nations would be a matter of national pride and a public relations triumph.

☆ Argentina seeks to issue up to $1.2 bln in bonds, ministry source says
▼ + stars: | 2023-04-14 | by ( Jorgelina Do Rosario | ) www.reuters.com time to read: +1 min

The World Bank and CAF-Development Bank of Latin America could not be immediately reached for comment. The operation, which would take place in the coming weeks, would guarantee 60% of the issuance, and the notes would have a maximum maturity of five years, said the ministry source, who asked not to be identified. The intention is to issue two separate bonds, each with its own backing, for up to $600 million each, the source said. "What (the guarantee) allows is for the interest rate to be set on the qualification of the banks" and not Argentina's, said the source. The South American economy is also seeking $500 million of fresh financing from the World Bank, the source added, additional to the $2.5 billion the multilateral lender already has already committed for 2023.

☆ Argentina looking to issue up to $1.2 bln in bonds backed by World Bank, CAF -ministry source
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, April 14 (Reuters) - The Argentine government is in talks to issue two dollar-bonds for up to $600 million each with separate guarantees from the World Bank and the CAF as collateral, a source from Argentina's Economy Ministry said on Friday. The World Bank and CAF-Development Bank of Latin America could not be immediately reached for comment. The operation, which would take place in the coming weeks, would guarantee 60% of the issuance, and the notes would have a maximum maturity of five years, said the ministry source, who asked not to be identified. The push is to issue two separate bonds, each with a separate backing, for up to $600 million each, the source said. "What (the guarantee) allows is for the interest rate to be set on the qualification of the banks" and not Argentina's, said the source.

☆ Argentina seeks to issue up to $1.2 billion in bonds, ministry source says
▼ + stars: | 2023-04-14 | by ( Jorgelina Do Rosario | ) www.reuters.com time to read: +1 min

☆ Bank of America lists its top stock picks for the second quarter
▼ + stars: | 2023-04-05 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

With the start of the second quarter, Bank of America has a new list of short-term ideas for investors seeking clarity amid ongoing market volatility. The bank expects its Medicare Advantage plans to comprise two-thirds of the company's revenue growth for this year. The bank assigned a $650 price target on UnitedHealth, suggesting the stock could gain more than 31% from Tuesday's close. The bank expects even more gains for the stock, with its 12-month price target of $115 per share implying 11% upside from Tuesday's close of $103.58. Analysts at the bank aren't as bullish on CarMax Bank of America expects CarMax shares to shed 37% to its $40 per share price target.

☆ 2 million Cosori air fryers recalled because of fire hazard
▼ + stars: | 2023-02-24 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Roughly 2 million Cosori air fryers have been recalled because they pose a possible fire risk. The US Consumer Product Safety Commission said that consumers “should immediately stop” using the recalled air fryers and contact Cosori for a free replacement. The company set up a special website for customers to trade in their air fryers for a new one. The air fryers, which range in price from $70 to $130, were sold between June 2018 through December 2022 at a number of retailers including Amazon, Best Buy, Home Depot and Target. The fryers are size 3.7 and 5.8 quarts and were sold in black, gray, white, blue or red colors.

☆ More than 2 million Cosori air fryers recalled after reports of the kitchen appliances 'catching fire, burning, melting'
▼ + stars: | 2023-02-23 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

A California company is recalling 2 million Cosori air fryers, US product safety officials announced Thursday. The recalled air fryers were reported as "catching fire, burning, melting." "Consumers should immediately stop using the recalled air fryers and contact Cosori to receive their choice of a free replacement air fryer or another Cosori product," the commission said. The agency said a "wire connection in the air fryers can overheat, posing fire and burn hazards." About 2 million of the air fryers have been sold in the US, while about 250,000 were sold in Canada and 21,000 in Mexico.

☆ Canada says it thwarted recent air, maritime surveillance attempts by China
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

OTTAWA, Feb 22 (Reuters) - Canada is aware of recent air and maritime surveillance attempts by China and has thwarted such efforts since last year, the Canadian defense ministry said on Wednesday, after a newspaper reported Chinese floating devices were found in the Arctic in autumn. A spokesperson for Canada's defense ministry declined to provide details but said authorities were aware of Chinese surveillance attempts using dual purpose technologies, which can have both commercial and military applications. "The CAF are fully aware of recent efforts by China to conduct surveillance operations in Canadian airspace and maritime approaches," the spokesperson said, adding the forces had stopped attempts to surveil Canadian territory since 2022. The Chinese embassy in Ottawa did not immediately respond to an emailed request for comment. Reporting by Ismail Shakil and Steve Scherer in Ottawa; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ $276 million was spent on 31 Spanish trains before it was realized they were too big to fit in the tunnels
▼ + stars: | 2023-02-11 | by ( Isobel Van Hagen | ) www.businessinsider.com time to read: +2 min

Spanish region spent $276 million on trains before they realized they were too big to fit in the tunnels. The president of Cantabria, a region of northern Spain, called the error an "unspeakable botch." Two senior officials in the Spanish transport industry were fired earlier this week after local news outlet El Comercio reported last month that the government had spent €258 million (about $276 million) on unusable trains. Renfe — the country's national train operator — ordered the trains in 2020, granting the manufacturing contract to the transport manufacturing company CAF. This is not the first time there have been sizable train troubles in Europe: in 2014, a French rail company spent billions of euros on trains that were "too wide" for the tracks.

☆ JPMorgan downgrades CarMax, says hope for a recovery looks 'premature'
▼ + stars: | 2023-01-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

JPMorgan is pumping the brakes on shares of CarMax . Analyst Rajat Gupta downgraded the used vehicle stock to underweight from neutral, saying that the risk-reward looks skewed to the downside as the potential for lower earnings revisions linger. He also said recovery hopes look "premature" at the moment. According to Gupta, Wall Street is also failing to accurately account for downside risks to overall earnings. Gupta maintained the Wall Street firm's $60 price target on CarMax, which represents 11% downside from Tuesday's close.

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