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☆ Rolls-Royce CEO Torsten Muller-Otvos retires after boosting sales six-fold
▼ + stars: | 2023-10-05 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Rolls-Royce CEO Torsten Muller-Otvos unveils the new coachbuilt Rolls-Royce Boat Tail on May 27, 2021, at the Home of Rolls-Royce in Goodwood, West Sussex, England. Torsten Muller-Otvos, the Rolls-Royce CEO who turned an aging brand into a coveted badge of success for pop stars, athletes and young entrepreneurs, is retiring after 14 years. Rolls-Royce announced Thursday that Muller-Otvos, 63, the longest serving CEO of Rolls-Royce in nearly a century, will retire on December 1. Muller-Otvos brought new shine to the Rolls-Royce brand and became a leader in the luxury world by attracting a new generation of wealthy buyers. Muller-Otvos is the longest-serving CEO of Rolls-Royce since Claude Johnson, who brought Charles Rolls and Henry Royce together in 1904 and served until 1926.

Persons: Torsten Muller, Otvos, Muller, Chris Brownridge, " Muller, Claude Johnson, Charles Rolls, Henry Royce, Cullinan, Royce Organizations: Royce, BMW UK, Muller, CNBC, NBA Locations: Goodwood , West Sussex, England, U.S

☆ Sen. Bob Menendez's wife, Nadine Arslanian, racked up traffic violations – including using her phone while driving — before she struck and killed a pedestrian in 2018
▼ + stars: | 2023-10-05 | by ( Katherine Long | ) www.businessinsider.com time to read: +2 min

Nadine Arslanian married Bob Menendez in 2020, two years after she struck and killed a pedestrian. Records show that she has a history of traffic infractions, including using a phone while driving. AdvertisementAdvertisementNadine Arslanian, the wife of embattled New Jersey senator Bob Menendez , has a history of traffic violations stretching beyond a fatal 2018 crash in which she struck and killed a pedestrian, municipal records show, including two citations for using her phone while driving. Arslanian seems to have been something of a fixture in New Jersey traffic courts, racking up six tickets between 2005 and 2018 for violations, including using a phone while driving, ignoring traffic signs, and failing to maintain her headlamps. AdvertisementAdvertisementArslanian received another ticket for using her phone while driving in 2021, three years after she killed Koop, municipal records show.

Persons: Nadine Arslanian, Bob Menendez, —, Arslanian, Richard Koop, Mercedes, Menendez, Matt Friedman, Koop, Doug Anton, Kelly, Wael Hana, Mendendez's Organizations: Records, Service, Benz, Police, Politico, BMW Locations: New Jersey, Egyptian

☆ UK’s Motorway takes eBay approach for consumers to sell cars to dealers
▼ + stars: | 2023-10-05 | by ( Nick Carey | ) www.reuters.com time to read: +4 min

EBay also sells cars in the UK, though its own marketplace consists of consumers or dealers selling to consumers. The pandemic "acted as a massive accelerant" for Motorway because physical auctions were closed for months and dealers needed access to cars, Leathes said. In 2022, its auctions doubled to 1.7 billion pounds ($2.06 billion). That should double again this year, giving Motorway around a 5% share in a UK used-car market worth 80 billion pounds, Leathes said. Dealers can now use "wallets" for multiple transactions and Motorway now picks up around 30% of the cars it sells and delivers them to dealers.

Persons: Tom Leathes, Leathes, Nick Templeton, Templeton, Lewis Jent, Nick Carey, Nick Zieminski Organizations: eBay, Reuters, EBay, Index Ventures, Growth, BMW I Ventures, BMW, Dealers, Tesla, Thomson Locations: Britain, U.S, Leathes, CarShop

In a few cases, according to NHTSA, ARC air bag inflators could be blocked by small pieces of debris, stopping the gases from escaping as they should. In May 2023, General Motors recalled 1 million GM vehicles with the air bags. NHTSA estimated the risk of one of these inflators rupturing at one in every 370,000 air bag deployments. But officials said the only way to know if an air bag has the defect is for it to actually rupture. NHTSA and various automakers are still working to get vehicle owners to replace all the air bags involved in that recall.

Persons: Jacob Tarvis, Marlene Beaudoin, Tarvis, inflators, Kia Optima, General Motors, ”, Donna Glassbrenner, Steve Gold, Gold, “, — Ford Organizations: CNN, Traffic Safety Administration, ARC Automotive, Delphi Automotive Systems, NHTSA, ARC, Chrysler Town &, General, GM, BMW, Fiat Chrysler Automobiles —, Hyundai, Kia, Benz, Porsche, Tesla, Toyota, Volkswagen Locations: United States, Canada, Turkey, Traverse

☆ 'The greatest advertising you can get': Small-business founders explain how to build and grow your company with referrals
▼ + stars: | 2023-10-05 | by ( Erica Sweeney | ) www.businessinsider.com time to read: +5 min

This article is part of "Marketing for Small Business," a series exploring the basics of marketing strategy for SBOs to earn new customers and grow their business. "It was just friends, and friends of friends, referring each other." Here's how two small-business owners seek out referrals and have used them to generate leads and build their businesses. Connect with your ideal clientsReferrals can reduce the time you spend pitching your company to prospective clients, Wilkerson said. "It really boils down to building long-term business relationships," Nova said, adding that those connections had been the "lifeblood" of his company.

Persons: SBOs, —, Michael Nova, Nova, Kirby Wilkerson's, Wilkerson, it's, you've Organizations: Small, Service, Nova Custom Printing, BMW, American Express, Nielsen Locations: New York City, Michigan

LAS VEGAS (AP) — A self-described gangster who police and prosecutors say masterminded the shooting death of Tupac Shakur in Las Vegas in 1996 is due to make his first appearance Wednesday before a Nevada judge. In mid-July, Las Vegas police raided Davis’ home, drawing renewed attention to one of hip-hop music's most enduring mysteries. The car was stopped at a red light near the Las Vegas Strip when a white Cadillac pulled up on the passenger side and gunfire erupted. Shot multiple times, Shakur died a week later at age 25. Sheriff Kevin McMahill, who oversees the Las Vegas Metropolitan Police Department, has acknowledged criticism that his agency was slow to investigate Shakur's killing.

Persons: Tupac Shakur, Duane “ Keffe, ” Davis, Davis, he's, “, ”, there’s, Davis ’, Marion “ Suge, Shakur, Orlando, Lane ” Anderson, Mike Tyson, Knight, Marc DiGiacomo, Anderson, Dre, ” Smith, Terrence “, Brown, Kevin McMahill, McMahill, Sekyiwa, ” Shakur Organizations: LAS VEGAS, Court, Associated Press, East Coast, West Coast, MGM, BMW, Cadillac, Las Vegas Metropolitan Police Department Locations: Las Vegas, Nevada, Henderson, Clark County, Las, Knight, Compton , California, Compton, Compton . Knight

☆ US factory orders beat expectations in August
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +1 min

Factory orders rebounded 1.2% after falling 2.1% in July, the Commerce Department said on Wednesday. Orders rose 0.5% on a year-on-year basis in August. Civilian aircraft orders fell 15.9%, while motor vehicle orders rose 0.3%. Manufactured goods inventory rose 0.3%, while unfilled orders increased 0.4%. Shipments of these so-called core capital goods rose by an unrevised 0.7%.

Persons: Charles Mostoller, Lucia Mutikani, Andrea Ricci Organizations: BMW, REUTERS, Rights, U.S, Commerce Department, Reuters, Manufacturing, Federal Reserve, Machinery, Civilian, Thomson Locations: Greer , South Carolina, U.S

The idea behind the Ryder Cup task force that was formed after the 2014 matches was to build some continuity among the U.S. teams. He had been an assistant four times in the Presidents Cup and Ryder Cup. The key is to see whom Furyk, the 2018 Ryder Cup captain and now the Presidents Cup captain for 2024 in Montreal, selects as his assistants for next year. Former PGA champion David Toms was overlooked as a Ryder Cup captain, just like another PGA champion, Larry Nelson, was before him. DIVOTSRickie Fowler is one of four Americans to have been on a losing Ryder Cup team in Europe at least four times.

Persons: GUIDONIA MONTECELIO, Luke Donald, Bernard Gallacher, Tiger Woods, Phil Mickelson, LIV, Woods, Ben Hogan, Johnson, Jordan Spieth, Justin Thomas, John Lindert, Don Rea, Seth Waugh, Steve Stricker, Davis Love, Fred Couples, Jim Furyk, Stewart Cink, Marco Simone, Matt Kuchar, David Duval, David Toms, Larry Nelson, Toms, he's, Max Homa, Brooks Koepka, ” Jordan Spieth, “, ” Spieth, Si Woo Kim, Kim, Yubin Jang, Wooyoung Cho, “ I've, Danny Oh, Rory McIlroy, McIlroy, Jon Rahm, Collin Morikawa, Xander Schauffele, Arthur Blank, Steve Cohen, DIVOTS Rickie Fowler, Danny Willett, ”, LIV Golf, Louis Oosthuizen, Ludvig Aberg, Swede, ’, ___ Organizations: — Team, Bethpage, Bethpage Black, U.S, Ryder, PGA, FedEx, BMW PGA, South Korea, Asian Games, South, Games, Asian, Sports, SoFi Technologies, ESPN, Atlanta Falcons, New York Mets, SoFi, Ryder Cup, Dunhill, Sanderson, Texas Tech, PGA Tour University, Indiana, Italian Golf Federation Locations: Italy, Saudi, Adare Manor, Ireland, U.S, Montreal, Paris, Europe, England, France, Wentworth, South, China, Thailand, South Florida, Los Angeles, Atlanta , New York, Boston, Saudi Arabia, Mississippi

☆ How to negotiate your dream job
▼ + stars: | 2023-09-30 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementBut first, negotiate, negotiate, negotiate. September is called the harvest moon, corn moon, and barley moon. While March is called the worm moon, sap moon, and crow moon. In other newsBeing "delulu" about a crush or job opportunity could help you achieve your dreams, a therapist said.

Persons: —, Dianne Feinstein, we're, Robert Half, Scott Dobroski, Jenna Alexander, you've, Dobroski, Alexander, Charles B Cochran, Sir Noel Coward, Bob Riha, Christian Hartmann, Michael Jordan, Henrik Sørensen, Melissa Wells, It's, Naga Siu, Dan DeFrancesco, Hallam Bullock, Lisa Ryan Organizations: Service, Congress, Excellence, Southampton, Topical Press Agency, BMW, Chevrolet, CNN, BP, Eiffel, Reuters, NBA Locations: California, New York, Paris, France, San Diego, New York City, London

☆ Duane 'Keffe D' Davis: Man charged in Tupac Shakur's 1996 shooting death has long put himself at the crime scene. Here's what we know about him
▼ + stars: | 2023-09-30 | by ( Aya Elamroussi | ) edition.cnn.com time to read: +7 min

The arrest comes some 27 years after the rapper was shot as he was leaving a boxing match on the Las Vegas Strip. Authorities allege Davis plotted and orchestrated the shooting in a matter of hours, after the rapper and others attacked Davis’ nephew that same day. Duane Keith "Keffe D" Davis has been charged in connection with the 1996 killing of rapper Tupac Shakur. Las Vegas Metropolitan Police DepartmentDavis was ‘the shot caller,’ police sayShakur’s shooting stems from a conflict between two gangs based in Compton, California, police said Friday. Davis ‘talked himself right into jail’Rapper Tupac Shakur poses for photos backstage after his performance at the Regal Theater in Chicago, Illinois, in March 1994.

Persons: Duane Keith Davis, Tupac Shakur, Davis, ”, couldn’t, indicting, Davis ’, Shakur, we’ve, ” Jason Johansson, Duane Keith, Las Vegas Metropolitan Police Department Davis, Marion “ Suge, Knight, Johansson, Mike Tyson, Orlando Anderson, Anderson, Davis “, Suge Knight, ” Johansson, ” Davis, Terrence Brown, Deandre Smith, “ Duane Davis, Smith, “, Greg Kading, ” Kading, Davis –, –, ledgers, Davis ‘, Raymond Boyd, Michael Ochs, “ Davis, he’s Organizations: CNN, Las, Authorities, Las Vegas Metropolitan Police Department, Southside Compton Crips, MGM, BMW, Cadillac, BET, Regal Theater, Michael Ochs Archives, Netflix, Las Vegas Locations: Las Vegas, Compton , California, Compton, bro, Nevada, Chicago , Illinois, Las

Here's a look at the hours that led up to the fatal gunfire. At about 8:30 p.m., Shakur and Knight took their front row seats at the fight at the MGM Grand Garden Arena. Surveillance video showed Shakur and Knight kicking and punching Anderson near a bank of elevators, police said. Shortly before 9 p.m., Shakur, Knight and their entourage left the MGM Grand. Shakur and Knight joked with the officers, the license plates were found in the trunk and they did not get a ticket.

Persons: Tupac Shakur, Duane “ Keffe, ” Davis, Here's, TUPAC, Shakur, Suge Knight, Kidada Jones, Mike Tyson, Bruce Seldon, Knight, Tyson, Davis, Orlando “, Lane ” Anderson, Anderson, Jones, ” Malcolm Greenidge, “, ” Greenidge Organizations: LAS VEGAS, Row Records, MGM, Garden, WBA, Compton, Knight, BMW, Cadillac, Police, University Medical Locations: Las Vegas, Southern California, Knight's, Las, Luxor, Casino, Flamingo, Koval, California

☆ The world needs cheap electric cars. That spells trouble for Big Auto
▼ + stars: | 2023-09-29 | by ( Hanna Ziady | ) edition.cnn.com time to read: +10 min

The world needs affordable EVs more than ever as electric cars will play a big role in hcelping countries cut planet-heating pollution. “When legacy [carmakers] talk about catching up to Tesla or catching up to the leading Chinese automakers, it’s difficult. It is by far the world’s biggest EV battery manufacturer and dominant in the supply and processing of many critical components needed to make the batteries. Global automakers have had little choice but to enter into joint ventures with Chinese EV and battery manufacturers. EU lawmakers have voiced concerns that government subsidies allow Chinese EV makers to keep prices artificially low, creating unfair competition for European rivals.

Persons: Henry Ford’s, carmaking, Jeff Kowalsky, ”, Gene Munster, Tesla, — Tesla, —, Patrick Hummel, Krisztian Bocsi, Ford, “ It’s, ” Dan Ives, Bill Pugliano, Daniel Röska, Bernstein, China …, Marco Rubio, “ They’re, Bill Ford, CNN’s Fareed Zakaria Organizations: London CNN —, Ford Motor Company, Toyota, Volkswagen, United, Getty, Deepwater Asset Management, Volkswagen Group, Audi, Porsche, Chrysler, Jeep, Ford, General Motors, International Energy Agency, Honda, Renault, Nissan, Mitsubishi, Hyundai, Kia, Benz, BMW —, Investment, UBS, EV, Atlas Public, VW, Bloomberg, Reuters, Twitter, Stellantis, Wedbush Securities, CNN, United Auto Workers, Refining, Global, Republican, European Union, EU, Jato Dynamics Locations: Europe, United States, Dearborn , Michigan, AFP, China, Japan, South Korea, Asia, US, Germany, ” Munster, Munster, Lansing , Michigan, Michigan, Beijing, America

☆ Tupac Shakur: Prosecutors charge suspect in 1996 shooting of US rapper
▼ + stars: | 2023-09-29 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

[1/2] Rapper Tupac Shakur at the MTV Music Video Awards in New York City, September 4, 1996. REUTERS/Mike Segar Acquire Licensing RightsSept 29 (Reuters) - A Nevada grand jury has indicted a former gang leader with the murder of hip-hop star Tupac Shakur three decades ago, a breakthrough in a case that was a defining moment in the history of rap. Shakur was wounded in a drive-by shooting near the Las Vegas Strip on Sept. 7, 1996. In July, police said they had searched a house outside Las Vegas in connection with Shakur's killing. Marion "Suge" Knight, co-founder of Los Angeles-based Death Row Records who produced Shakur's records, was driving the BMW.

Persons: Tupac Shakur, Mike Segar, Duane, Keffe, Davis, Marc DiGiacomo, DiGiacomo, Shakur, “, Mike Tyson, Bruce Seldon, BMW Shakur, Marion, Suge, Knight, David Ljunggren, Costas Pitas, Susan Heavey, Jonathan Oatis, Leslie Adler, Daniel Wallis Organizations: MTV, REUTERS, Reuters, Davis, Cadillac, Los, Row, BMW, Hall of Fame, Thomson Locations: New York City, Nevada, Las Vegas, Los Angeles

The first phase of the construction of the Northvolt Six factory just outside Montreal will begin this year and it is expected to be operational in 2026. Northvolt will invest $3.2 billion of the total with the local and federal government each contributing $1 billion, Northvolt Co-Founder Paolo Cerruti told Reuters. "We looked at 70 different sites at the beginning of this process," Cerruti said. The $369-billion U.S. Inflation Reduction Act (IRA) passed last year has prompted companies including Northvolt to look across the Atlantic, attracted by hefty subsidies and cheaper energy. "This size of investment and project can not happen if you don't have an anchor customer," he said.

Persons: Northvolt, Paolo Cerruti, Cerruti, Supantha Mukherjee, Divya Rajagopal, Kirsten Donovan Organizations: Reuters, Northvolt, Canada, Ontario, BMW, RIC, Volvo, Thomson Locations: STOCKHOLM, TORONTO, Swedish, Quebec, Canadian, Montreal, Northvolt North America, United States, Canada, Scania, North America, Stockholm, Toronto

☆ Rahm and Hatton to launch Europe's Ryder Cup defence
▼ + stars: | 2023-09-28 | by ( Mitch Phillips | ) www.reuters.com time to read: +1 min

The morning lineup is completed by a European heavyweight pairing in Rory McIlroy and Tommy Fleetwood taking on Xander Schauffele and Patrick Cantlay. Captain Luke Donald has changed Europe's opening strategy as he bids to extend their 30-year unbeaten home run against the United States. The home side gets to choose whether to start Friday's first session with four foursomes or four fourballs matches, with the other format following in the afternoon session. Europe have started with fourballs since 1997 but Donald said he had flipped things round after "a deep dive into statistics of the team". Reporting by Mitch Phillips, editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Jon Rahm, England's Tyrrell Hatton, Paul Childs, Tyrrell Hatton, Scottie Scheffler, Sam Burns, Viktor Hovland, Ludvig Aberg, Max Homa, Brian Harman, Shane Lowry, Sepp Straka, Rickie Fowler, Collin Morikawa, Rory McIlroy, Tommy Fleetwood, Xander Schauffele, Patrick Cantlay, Captain Luke Donald, Friday's, Donald, Mitch Phillips, Toby Davis Organizations: BMW, Wentworth, Rights, Ryder, fourballs, Thomson Locations: Wentworth , Virginia Water, Britain, Friday's, United States, Europe

☆ EV makers such as Tesla could fall under Europe's subsidy probe into China, EU's trade chief says
▼ + stars: | 2023-09-28 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

Non-Chinese brands of electric cars, such as Tesla and BMW , could be examined as part of an ongoing subsidy investigation on China that the European Union kicked off earlier this month. "There's a lot of speculation, but at this stage the scope of this investigation is not decided yet. The EU started a probe into subsidies that China has given to EV makers after gathering evidence of significant distortions in the European market, where vehicles produced in the bloc are facing cheaper steep competition from cheaper offerings of products made in China. "Indeed [the probe] might cover also other electric vehicles, but exact scope, which producers are going to be covered by this, it is not decided at this stage," Dombrovskis said on Thursday. The EU investigation could stretch up to 13 months.

Persons: Dombrovskis Organizations: BMW, European Union, European Commission, CNBC, EU, Authorities Locations: China, Beijing, Brussels

☆ I made $107,000 last year doing voice-overs. Here's how I started with an online course and grew to doing work for Warner Bros, Pepsi, and Google.
▼ + stars: | 2023-09-28 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +5 min

Actors used to get voice-over work in traditional ways, through their agent. I did a voice-over courseI found an online course in 2016 called Voiceover Kickstart. I had no idea my voice would attract a lot of corporate work, but it did. When I was getting consistent corporate work, I was able to build my brand in response to that, both on and off the platform. From that, I've been getting unexpected opportunities in types of work that I'd never thought I would be doing, such as audiobooks.

Persons: Christopher Tester, I've, I'd Organizations: Royal Central School of Speech, BMW, Warner Bros, Marvel, Pepsi, Google Locations: London, Fiverr, Asia

☆ Novak Djokovic drives from tee to green in Ryder Cup All-Star match
▼ + stars: | 2023-09-28 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

1 Kipp Popert against Ferrari driver Carlos Sainz and recent G4D winner Tomasso Perrino, it saw Djokovic swap racket for club – eventually. Sainz could not match the feat, the Spaniard wincing as his opening effort skewed towards the rough. That trend followed over the contest’s course, the highlight coming at the par four 16th when Djokovic boomed a laser-like drive 260 yards from tee to green. “I’m really happy they did because I wanted to go safe.”Djokovic reacts as spectators cheer his tee shot on the 16th hole during the All-Star Match on September 27. Jamie Squire/Getty ImagesAfter sailing to a 3-1 victory, Djokovic was full of praise for Poppert, who clinched his third consecutive G4D victory – and eighth overall – at the BMW PGA Championship earlier this month.

Persons: Novak Djokovic, Colin Montgomerie’s, Corey Pavin’s, Marco Simone Golf, Carlos Sainz, Tomasso Perrino, Sainz, wincing, Cristiano, Siu, ” Djokovic, “ I’m, Jamie Squire, Djokovic, Poppert, –, It’s, ” Poppert, “, Novak, I’ve, ” Sainz, Brendan Moran, Sportsfile, Bale, Scotland’s Montgomerie, Gareth Bale, Andriy Shevchenko, Monty’s Garret Hilbert –, Leonardo Fioravanti, Kathryn Newton, Victor Cruz, Montgomerie, Team Monty, ” Organizations: CNN, Formula, Ryder, Marco Simone Golf Club, Ferrari, –, BMW PGA, Pavin, Europe, Tottenham Hotspur, Real, Ukrainian, Hollywood, Super Bowl, Team Locations: Rome, Serbian, Wales, Real Madrid

☆ 6 yet-to-be-released electric cars we can't wait to drive
▼ + stars: | 2023-09-26 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Polestar 3The Polestar 3 electric SUV. Chevrolet Silverado EVThe Chevrolet Silverado EV. The Chevrolet Silverado EV. Chevrolet Equinox EVThe Chevrolet Equinox EV. The 2023 Chevrolet Equinox EV.

Persons: we'll, —, Kia EV9, Tim Levin, there's, Tesla, Samantha Delouya Tesla, Elon Musk, BMW Tesla Organizations: BMW, Chevrolet, Kia, Service, Tesla, Kia Buyers, Volvo, Petersen Automotive, Chevrolet Silverado EV, EV, Silverado, BMW i5, i5, GM Locations: Texas

☆ Athletics-Ethiopia's Assefa smashes women's marathon world record in Berlin
▼ + stars: | 2023-09-24 | by ( ) www.cnbc.com time to read: +1 min

Tigist Assefa from Ethiopia wins the race with the new world record of 2:11:52h during the 2023 BMW Berlin-Marathon on September 24, 2023 in Berlin, Germany. Ethiopia's Tigst Assefa shattered the women's marathon world record in Berlin on Sunday, lopping off more than two minutes from the previous best to clock an official time of two hours 11 minutes and 53 seconds. Her remarkable victory overshadowed men's world record holder Eliud Kipchoge's record fifth victory on Berlin's quick and flat inner-city course. She clocked an hour six minutes 20 seconds at the halfway mark and was one of six women to be on world record time at that stage as the Berlin marathon lived up to its reputation as one of the world's fastest. She had no problem maintaining her pace and at the 37km mark she was just three seconds per kilometre slower than Kipchoge's time at the same stage, cruising to a sensational world record.

Persons: Tigist Assefa, Ethiopia's, Assefa, lopping, Kenyan Brigid Kosgei's, Eliud Organizations: Kenyan Locations: Ethiopia, Berlin, Germany, Paris

☆ Looking for value stocks? Citi lists over 10 European names — for risk-takers and the cautious
▼ + stars: | 2023-09-22 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +2 min

European value stocks are doing better than growth stocks right now, according to Citi analysts. Citi defined "quality" value stocks as those in the top fifth and fourth quintiles for three characteristics: value, low risk and quality. Citi said investors "have not been particularly risk-averse," as risky value stocks are up 8.6%, while quality value stocks are down 0.3% in the year to date. Nevertheless, the bank noted that investors appear to have been more cautious since the start of August, as quality value stocks are up 4.6%, while risky value stocks are down 0.6%. 'Risky value' stocks For this screen, Citi looked for stocks that scored in the seventh or above decile for value and those in the fifth or below decile for "value low risk" and quality.

Persons: TotalEnergies, Moller Maersk, — CNBC's Michael Bloom Organizations: Citi, HSBC Holdings, Zurich Insurance Group, ABN AMRO, Imperial Brands, Nokia, BNP, BMW, Bayer, Life, WPP PLC Locations: European, China, Dutch, Danish

☆ Auto jobs are booming in the union-hostile South
▼ + stars: | 2023-09-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

New York CNN —Looming over the United Auto Workers strike: Automakers’ continued migration to the anti-union South. Jobs at nonunion EV battery facilities pay less than the roughly $32 an hour that veteran UAW workers make. Since 1990, the South’s share of auto jobs has doubled from around 15% to 30% today, according to S&P Global Market Intelligence. Mostly nonunion EV jobs and manufacturing investments are surging in Southern states led by Republicans. The South has picked up 66% of planned EV jobs, while projects in Midwestern states such as Michigan, Indiana, Kansas and Ohio have combined for 26% of planned jobs, according to S&P Global.

Persons: ’, Ford, nonunion autoworkers, ”, Stephen Silvia, Southern, Mason, Honda, Deni McIntyre, unionize, “ It’s, Nelson Lichtenstein, Jeffrey Greenberg, Lichtenstein, Bill Lee, Nikki Haley, Houston Cofield, Biden, Biden’s, Shawn Fain Organizations: New, New York CNN, United Auto Workers, General Motors, Volvo, Benz, BMW, Toyota, Hyundai, American University, Southern Gamble, Workers, Foreign, Ford, GM, Dixon, Midwest, UAW, EV, P Global Market Intelligence, Nissan, Mercedes, Volkswagen, Kia, CNN, University of California, Clinton Presidency, Universal, Southern Republican, South . Tennessee Gov, Former South Carolina Gov, Republicans, North Carolina –, Environmental Defense Fund, P Global, Ford Motor Co, SK Innovation Co, Bloomberg, Getty, Big Three Locations: New York, Detroit, Smyrna , Tennessee, Spartanburg , South Carolina, Vance , Alabama, Lincoln , Alabama, Germany, Santa Barbara, Clinton, Korean, United States, Tennessee, Kentucky, Alabama, South, Chattanooga, Southern, – Georgia, South Carolina , Kentucky, North Carolina, Midwest . Georgia, Michigan, Indiana , Kansas, Ohio, Stanton , Tennessee, BlueOval

☆ The UK is delaying the switch to electric cars. Automakers are furious
▼ + stars: | 2023-09-20 | by ( Hanna Ziady | ) edition.cnn.com time to read: +6 min

A relaxation of 2030 would undermine all three,” Ford (F) UK chair Lisa Brankin said in a statement. “We and the whole automotive industry [need] clarity on the [EV] topic,” the German carmaker said in a statement shared with CNN. ‘Confusion’ will delay switch to EVsThe UK auto industry has been clawing its way back from rock bottom after car manufacturing hit a 66-year low in 2022. Reducing emissions from road transport “is the only way that you will achieve net zero,” Hawes told the BBC. The government’s own independent adviser on climate policy, the Climate Change Committee shares that view.

Persons: carmakers, Rishi Sunak, Sunak, “, ”, Sunak’s, ” Ford, Lisa Brankin, Brankin, carmaker, Mike Hawes, ” Hawes, Jobs, Sadiq Khan, ” Sunak, “ We’re, Alok Sharma, Simon Clarke, EVs, — Gemma Blundell, Doyle, Anna Cooban, Laura Paddison, Rob Picheta Organizations: London CNN, BMW, Oxford, Swindon, CNN, Fiat, Peugeot, Fiat Chrysler, France’s, India’s Tata Group, Society of Motor Manufacturers, Traders, BBC, Conservative Party, Labour Party’s London, Conservative Locations: Germany, France, Spain, Italy, Canada, Sweden, Ellesmere Port, Liverpool, Britain, London, Glasgow

☆ Amazon Alexa gets more human-like with generative AI
▼ + stars: | 2023-09-20 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +5 min

CNN —Amazon’s Alexa is about to bring generative AI inside the house, as the company introduces sweeping changes to how its ubiquitous voice assistant both sounds and functions. The company announced a generative AI update for Alexa and, subsequently, of all Echo products dating back to 2014, at a press event Wednesday at its new campus in Arlington, Virginia. Generative AI refers to a type of artificial intelligence that can create new content, such as text and images, in response to user prompts. ‘Alexa, let’s chat’When Limp said “Alexa, let’s chat,” it launched a special mode that allowed for a back-and-forth exchange on various topics. Rowan Curran, an analyst at Forrester Research, said the news marks a major step forward in bringing generative AI to the home and allowing it to accomplish everyday tasks.

Persons: Alexa, Dave Limp, Limp, Rowan Curran, Apple’s Siri, Microsoft’s Cortana, ChatGPT, “ We’re, ” Organizations: CNN, Alexa, Amazon, BMW, Forrester Research, Big Tech Locations: Arlington , Virginia

☆ Deep-sea mining could help solve the global critical minerals shortage, but it's a lightning rod for controversy
▼ + stars: | 2023-09-20 | by ( Katie Brigham | ) www.cnbc.com time to read: +6 min

But extracting these metals via deep-sea mining has become a lightning rod for global controversy, as many fear the potential ecological disruptions it could cause in a part of our planet that remains largely unexplored. The Metals Company has announced that it's planning to submit its application next summer and begin exploitation in 2025, leaving many concerned about the potential implications. "What I am absolutely convinced of is that we can slow down or maybe even stop the growth in rainforest nickel," Barron said. Deep-sea mining avoids the emissions associated with blasting, as well as sulfidic tailings, a waste material that can contaminate groundwater. Great unknownsA few years ago, the World Wildlife Fund released a business statement calling for a moratorium on deep-sea mining.

Persons: Jessica Battle, Gerard Barron, we're, Barron, Andrew Miller Organizations: Clarion, United Nations, International, Authority, ISA, Metals Company, Mining, The Metals Company, Benchmark Mineral Intelligence, Metals, World Wildlife, Google, Samsung, BMW, Volkswagen, Volvo, Renault, WWF, CCZ, National Oceanic, Atmospheric Administration Locations: Indonesia, Congolese, U.S, Texas

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