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☆ Ian Gelder, ‘Game of Thrones’ star, dead at 74
▼ + stars: | 2024-05-08 | by ( Issy Ronald | ) edition.cnn.com time to read: +1 min

London CNN —British actor Ian Gelder, best known for his role as Kevan Lannister in “Game of Thrones,” has died at age 74, his husband and fellow actor Ben Daniels announced on Tuesday. “It is with huge huge sadness and a heavy heart broken into a million pieces that I’m leaving this post to announce the passing of my darling husband and life partner Ian Gelder,” Daniels wrote on Instagram. “He was the kindest, most generous spirited and loving human being,” Daniels wrote in tribute to his “rock” and partner of 30 years. Over the course of a decades-long career, Gelder appeared in TV shows like “Torchwood,” “His Dark Materials” and “Doctor Who,” but it was his performance in “Game of Thrones” that catapulted him to a new level of fame. Gelder was also a veteran stage actor, playing major roles including Antonio in “The Merchant of Venice” and the Duke of Clarence in “Richard III” at the Royal Shakespeare Company (RSC).

Persons: Ian Gelder, Kevan, ”, Ben Daniels, ” Daniels, costars Dean, Charles Chapman, Julian Glover, Gelder, Daniels, Who, Tywin Lannister, Antonio, Venice ”, Duke, Clarence, “ Richard III ”, “ Withnail, Richard E Grant, Ian, “, Russell T, Davies Organizations: London CNN, Julian Glover HBO, “, Venice, Royal Shakespeare Company, RSC Locations: British, “ The

☆ Tesla tells its German factory workers to stay home as more protests loom
▼ + stars: | 2024-05-08 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —Tesla will shut its factory near Berlin to all employees Friday when protesters are expected to gather outside its gates to protest against a planned expansion. But with the protests “in mind,” the electric vehicle maker has decided that all other workers at the factory should also stay at home, RTL said. André Thierig, a senior manufacturing director at the Tesla factory, confirmed in a post on X Tuesday that there would be a “one-day planned production shutdown” Friday. “Without the explicit instruction and authority of your manager, access to the site or factory will not be possible,” the Tesla email reportedly said. No buses or trains will run to and from the factory between Thursday and Sunday because of the anticipated protests, Handelsblatt cited Tesla’s email as saying.

Persons: London CNN — Tesla, Tesla, André, Elon Musk’s, Handelsblatt, ”, ” Mark Thompson, Olesya Dmitracova, Stephanie Halasz Organizations: London CNN, CNN, RTL, “, Police Locations: Berlin, Germany, Europe, German, Brandenburg, —

☆ London’s famous Garrick Club votes to allow women, nearly 200 years after it was founded
▼ + stars: | 2024-05-08 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

London CNN —A London members club formed in 1831 has voted to let women join for the first time, after coming under scrutiny for its exclusionary policy in recent weeks. Members of the Garrick Club, in London’s West End, gathered Tuesday to debate admitting women to the club, the BBC and the Guardian reported. Protesters are pictured outside the Garrick Club on March 28. CNN has contacted the Garrick Club for comment. The club, which has around 1,300 members, boasts a coffee room, morning room, card room, billiards room, reading room, members’ computer room and roof terrace, as well as 17 bedrooms, a members’ lounge and a number of private rooms that can be booked for group events.

Persons: Carl Court, King Charles III, David Garrick, “, Garrick, ’, ” Organizations: London CNN, Garrick Club, BBC, Guardian, CNN, Club Locations: London’s, Covent

☆ Britain summons Russian ambassador, targets Moscow-owned homes and charges five alleged spies
▼ + stars: | 2024-05-08 | by ( Rob Picheta | ) edition.cnn.com time to read: +2 min

Russia has faced waves of sanctions from the UK and other Western nations since launching its full invasion of Ukraine in February 2022, though President Vladimir Putin has sought to downplay their significance. British Foreign Secretary David Cameron described the new measures as an “unequivocal message to the Russian state” that “their actions will not go unanswered.”“Since the illegal invasion of Ukraine, Russia’s attempts to undermine UK and European security have become increasingly brazen,” Cameron said. Moscow has in the past sought to sanction Western individuals in tit-for-tat moves, barring dozens of British figures from entering the country after a previous wave of measures from London last year. “In the coming days, we should expect accusations of Russophobia, conspiracy theories and hysteria from the Russian government,” Cleverly said as he detailed the measures in Parliament on Wednesday. “This is not new, and the British people and the British government will not fall for it and will not be taken for fools by Putin’s bots, trolls and lackeys.”

Persons: James, attaché, “, Seacox Heath, ”, Vladimir Putin, Putin, David Cameron, Russia’s, ” Cameron Organizations: London CNN, Moscow, Russian, Foreign Office, National Security, British, “ Locations: United Kingdom, Russian, Highgate, London, Sussex, England, Ukraine, Russia, Moscow, British

☆ FTX bankruptcy plan: collapsed firm says it can pay most creditors back in full
▼ + stars: | 2024-05-08 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +2 min

London CNN —FTX has recovered enough assets to pay most of its creditors back in full, the failed crypto exchange said late Tuesday as it unveiled a proposed reorganization plan. “The plan contemplates payment in full of all non-governmental creditors based on the value of their claims as determined by the (relevant) bankruptcy court,” FTX said in a statement. Ray, a restructuring specialist, took over as CEO in November 2022 to shepherd what was left of the firm through bankruptcy. “We are pleased to be in a position to propose a Chapter 11 (bankruptcy) plan that contemplates the return of 100% of bankruptcy claim amounts plus interest for non-governmental creditors,” John J. Ray III, FTX CEO and chief restructuring officer, said in Tuesday’s statement. If his plan is approved by the United States Bankruptcy Court for the District Court of Delaware, FTX expects that 98% of its creditors will receive approximately 118% of the amount of their allowed claims, FTX said.

Persons: London CNN — FTX, ” FTX, FTX, Sam Bankman, Fried, ” John J, Ray III Organizations: London CNN, Alameda Research, Enron, United States Locations: Alameda, Delaware

☆ UBS makes first profit since Credit Suisse rescue
▼ + stars: | 2024-05-07 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —UBS has reported its first quarterly profit since buying ailing rival Credit Suisse, marking a sharp turnaround from six months of losses that immediately followed the closure of the rescue deal. It also realized cost savings of $1 billion, adding to cost cuts of some $4 billion last year. On Tuesday, Ermotti said UBS was “on track” to achieve “significant integration milestones” this year, including the merger of the two banks’ operations in Switzerland in the third quarter. UBS has raised serious concerns about the proposals and on Tuesday Ermotti reiterated the bank’s view that it wasn’t lack of capital that left Credit Suisse needing to be rescued. He said UBS was already adding almost $20 billion to its capital buffers as a result of the takeover of Credit Suisse, in part because of the bank’s increased market share and balance sheet size.

Persons: Sergio Ermotti, Johann Scholtz, ”, Ermotti, Karin Keller, Suter Organizations: London CNN, UBS, Credit Suisse, Morningstar, Credit, bank’s Locations: Swiss, Zurich, Switzerland

☆ Shell and TotalEnergies listings: Europe risks losing its biggest oil companies to America
▼ + stars: | 2024-05-07 | by ( Anna Cooban | Hanna Ziady | ) edition.cnn.com time to read: +5 min

London CNN —Two of Europe’s biggest oil companies, Shell and TotalEnergies, are considering abandoning their stock exchanges for Wall Street in a move that would deal a hammer blow to London and Paris. Shares of TotalEnergies and Shell trade on a price-to-cash flow ratio of 4.7 and 5.2 respectively, compared with a ratio of 8.4 for Exxon Mobil (XOM) and 7.6 for Chevron (CVX). Alastair Syme, managing director of global energy equity research at Citi, says Shell and TotalEnergies have long traded at a discount. Investors would “be much more comfortable” buying European energy companies if they were part of the more valuable S&P 500 benchmark index of US equities, according to Syme. London languishesStill, the slightest hint that Shell may consider leaving London will have rattled the city’s beleaguered main stock exchange.

Persons: Britain’s Shell, France’s, Alastair Syme, Syme, Patrick Pouyanne, “, ”, Wael Sawan, Sawan, London languishes, Chris Beauchamp, Shell, TotalEnergies, New York “ would’ve, ” Lindsey Stewart, Ben van Beurden, ” Syme Organizations: London CNN, Shell, CAC, Exxon Mobil, Chevron, Citi, CNN, Investors, Bloomberg, London Stock Exchange, Nasdaq, BP, Morningstar, Financial, Commodities Locations: London, Paris, New York, Chevron, Europe, United States, Switzerland, “

☆ Baltimore bridge: An Italian company that helped rebuild Genoa’s Morandi bridge offers to build new Key Bridge
▼ + stars: | 2024-05-03 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

London CNN —The Italian company that helped rebuild a bridge that collapsed in Genoa in 2018 says it is ready to do the same in Baltimore. The bridge replaced the Morandi bridge, which collapsed in August 2018. Mauro Ujetto/NurPhoto/Getty ImagesThe Morandi bridge in Italy’s port city of Genoa collapsed in August 2018 after heavy rainfall, killing 43 people. WeBuild Group was among the companies that built the Genoa San Giorgio bridge in just 15 months to replace the Morandi bridge. The project, completed in 2020, cost a total of €290 million ($312 million), including the cost of demolishing the remains of the collapsed bridge.

Persons: Francis Scott Key, ” Carlo Ratti, Genoa's, Mauro Ujetto, Joe Biden, “ I’ve, ” Biden, “ Organizations: London CNN, WeBuild, Massachusetts Institute of Technology, Maryland Transportation, Port, Maryland Department of Transportation, CNN Locations: Genoa, Baltimore, United States, Genoa's San Giorgio, Italy’s, Genoa San Giorgio, Port of Baltimore

☆ Historic film gives inside look at King Charles’ coronation one year ago
▼ + stars: | 2024-05-03 | by ( Lauren Said-Moorhouse | Max Foster | ) edition.cnn.com time to read: +3 min

Editor’s Note: This is a version of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. London CNN —King Charles III was presented with the historic document that officially records his accession and crowning on Wednesday, as the one-year anniversary of his coronation next week draws closer. Charles became the British monarch on the death of his mother, Queen Elizabeth II, on September 8, 2022. His coronation was held eight months later on May 6, 2023 in an event unlike anything the nation had seen in seven decades. “Having it on the websites, it makes it more interesting for people,” the King remarked, according to PA Media.

Persons: London CNN — King Charles III, Charles, Queen Elizabeth II, Buckingham, King, Queen Camilla, Antonia Romeo, Charles ’, Edward II, Queen Isabella, ” Charles, Timothy Noad, Aaron Chown, Stephanie von Werthern, Gill, Camilla, Penny Mordaunt, Earl Marshal, Duke, Oliver Dowden, Queen Victoria Organizations: CNN’s Royal, London CNN, Westminster Abbey, Press Association, UK’s, Media, PA Media Locations: London, British, Westminster, Bookbinders, United Kingdom, Norfolk

☆ ‘Gavin and Stacey’ final episode will air this Christmas, James Corden announces
▼ + stars: | 2024-05-03 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +1 min

London CNN —The beloved British sitcom “Gavin and Stacey” will be returning for its final episode this Christmas, James Corden, who co-writes and stars in the show, announced on Friday. We have finished writing the last ever episode of Gavin and Stacey,” Corden posted to Instagram, signing the announcement with his co-writer Ruth Jones. Love Ruth and James.”Joanna Page, who plays the show’s titular Stacey Shipman, also posted the news to Instagram, writing “O my god it’s happening!!! !”James Corden announced the final "Gavin and Stacey" episode by posting a photo of himself and Ruth Jones holding the script for the finale. The show’s 2024 finale will air on BBC One and iPlayer on Christmas Day, the BBC confirmed.

Persons: “ Gavin, Stacey ”, James Corden, …, Gavin, Stacey, ” Corden, Ruth Jones, Love Ruth, James, ” Joanna Page, Stacey Shipman, Stacey … Can’t, Corden, Jones, Smithy, Nessa Organizations: London CNN, British, BBC Locations: Essex, Barry

☆ TikTok agrees deal with Universal Music Group, bringing back the world’s biggest artists
▼ + stars: | 2024-05-02 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Ariana Grande, Adele and Rihanna will soon be back on TikTok, joining Taylor Swift after a deal with Universal Music Group ended a feud that saw one of the world’s biggest record labels pull its music from the video platform. The licensing agreement, announced Wednesday, means that within one to two weeks TikTok’s 1 billion-plus users will be able to use music by UMG artists in their videos. All videos featuring Universal artists’ music that had previously been muted because of copyright violations will be unmuted. “We are pleased to have found a path forward with Universal Music Group,” TikTok CEO Shou Chew said in a joint statement. Universal pulled its music off TikTok in February after the two companies failed to reach an agreement on royalty fees for Universal’s artists, who also include Lady Gaga, Coldplay and Justin Bieber.

Persons: London CNN — Ariana Grande, Adele, Rihanna, Taylor Swift, Michael Nash, Shou Chew, Lady Gaga, Coldplay, Justin Bieber, TikTok, ” Organizations: London CNN, Universal Music Group, ”, UBS, Universal, TikTok, Poets Department Locations: TikTok

☆ Princess Charlotte turns 9! See the sweet photo from her parents to mark the occasion
▼ + stars: | 2024-05-02 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +8 min

London CNN —A photograph of a beaming Princess Charlotte has been released by the Prince and Princess of Wales to mark her ninth birthday. The children, from left, are Prince George, Prince Louis, Princess Charlotte, Savannah Phillips, Isla Phillips, Lena Tindall and Mia Tindall. The Duchess of Cambridge/Getty Images The Prince and Princess of Wales have released a photo of Princess Charlotte to mark her ninth birthday on Thursday, May 2. Carl Court/AFP/Getty Images Princess Charlotte, William and Catherine's middle child, is seen in this handout photo released on May 1, 2021, a day before her sixth birthday. The Duchess of Cambridge via Getty Images Princess Charlotte playfully sticks out her tongue while attending a King's Cup regatta with her mother in 2019.

Persons: Charlotte, Prince, Princess, “, Catherine , Princess of Wales, Prince Louis ’, Prince William, Kate, Kensington, It’s, Princess Charlotte, Charlotte’s, Queen Elizabeth II, Prince Philip, Prince George, Prince Louis , Princess, Savannah, Isla Phillips, Lena Tindall, Mia Tindall, Duchess, Wales, Wales Prince George, William, George, Samir Hussein, Barack Obama, Pete Souza, Carl Court, Prince George . The Duchess, Cambridge, Chris Jackson, Ben Stansall, Prince Louis, Louis, AP Prince Louis, Kate's, Catherine, Prince Harry, Meghan, Duchess of, Prince Archie, Archie, Toby Melville, Prince Archie of Sussex, Dominic Lipinski, Eugenie, Jack Brooksbank, Princess Beatrice, Sienna, Prince Andrew . Princess Eugenie, Prince Edward, James, Earl of Wessex, Sophie, Lady Louise Mountbatten, Louise, Steve Parsons, Cousins Mia Tindall, Savannah Phillips, Princess Eugenie, Princess Anne, Mia, Mike, Zara Tindall, Peter, Autumn Phillips, Max Mumby, Savannah's, Zara Tindall's, Lena, Zara, Lucas, ”, Queen Elizabeth II’s, King Charles ’, wasn’t, That’s, Charlotte Elizabeth Diana Organizations: London CNN, CNN, Westminster Abbey, St, of England High, Getty, Kensington Palace, William, AP, Press Association, CNN’s Royal, Mary’s Locations: Wales, Windsor, Kensington, Sandringham, Norfolk, London, UK’s, Midlands, St Michael’s, Prince Louis , Princess Charlotte, Savannah Phillips, Cambridge, AFP, Duchess of Sussex, South Africa, Edinburgh, Mia, Savannah, Wellington, Charlotte, British, St

☆ Volkswagen’s electric car orders double in Europe
▼ + stars: | 2024-04-30 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Volkswagen’s orders for electric vehicles shot up in Europe in the first quarter of 2024 compared with a year ago, countering suggestions that drivers may be losing interest in EVs. New orders for electric cars more than doubled in Europe, Volkswagen said in an earnings statement Tuesday. He acknowledged, however, that the pace of EV sales growth in Europe and the United States had been slower than the German carmaker had originally anticipated. As for Volkswagen’s EV deliveries, they declined 16% in Europe in the first quarter compared with the same period in 2023. “With these actions and our highly profitable combustion engine car business, we are well-prepared to continue to play a leading role in China,” Antlitz said.

Persons: London CNN —, Arno Antlitz, carmaker, ”, Antlitz, ” Antlitz Organizations: London CNN, Volkswagen, Europe’s, CNN, EV, ” Locations: Europe, EVs ., United States, China

☆ Brexit border checks: Britain braces for less choice and higher prices on food imports
▼ + stars: | 2024-04-30 | by ( Hanna Ziady | Anna Cooban | ) edition.cnn.com time to read: +10 min

The new regime for food imports is perhaps the starkest example of the painful border bureaucracy that UK and EU businesses must contend with in the wake of Brexit. An additional cost of that scale will “significantly increase food prices and reduce choice,” the federation’s CEO Phil Pluck wrote in a letter to environment and food minister Steve Barclay earlier this month. But here too Brexit hasn’t helped, ending as it did the free movement of EU workers on whom British farmers had relied for decades. In addition to Brexit-related challenges, UK farmers have been squeezed by soaring input costs, including those of fertilizer, energy and labor. “I’m not hugely in favor of subsidies, I’m in favor of fair food prices,” Maddocks said.

Persons: Eddie Price, ”, Phil, Steve Barclay, Andrew Aitchison, Andrew Opie, “, Jack Bobo, “ It’s, Price, hasn’t, ” Tom Bradshaw, “ You’re, Chris Ratcliffe, Brexit, ” Philip Maddocks, I’m, ” Maddocks Organizations: London CNN, European Union, EU, Britain, Birmingham Wholesale, CNN, Chain Federation, British Retail Consortium, University of York, Food Systems, University of Nottingham, Birmingham Wholesale Market, Bank, National Farmers ’ Union, Bloomberg, Getty, PDM Locations: United Kingdom, Britain, France, Spain, artichokes, Italy, Birmingham, Dover, Port, Netherlands, Ireland, Germany, North Africa, England, Sandwich, Australia, New Zealand, English, Shropshire

☆ King Charles returns to public duties in visit to cancer treatment center
▼ + stars: | 2024-04-30 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +2 min

The 75-year-old monarch revealed he was battling cancer in early February and is continuing his treatment as he restarts his public-facing engagements. The first fresh entry in his diary was a visit to a cancer treatment center in London, where he was expected to meet patients and staff. The King, who has been patron of Macmillan Cancer Support for nearly three decades, was accompanied by his wife, the Queen. The King and Queen meet staff as they arrive at the cancer treatment center. However, it has been confirmed that he will welcome Japan’s Emperor and Empress for a state visit later that month.

Persons: London CNN — King Charles III, ”, Camilla, Suzanne Plunkett, Charlie Swanton, Buckingham Organizations: London CNN, Macmillan Cancer, Reuters, University College Hospital Macmillan Cancer, Cancer Research, CNN’s Royal Locations: London, Normandy

London CNN —Prince Harry will return to the United Kingdom in May to celebrate a milestone anniversary of the Invictus Games, the biennial sporting competition he founded a decade ago. It was not immediately clear if the prince will meet with his relatives during the trip next month. Prince Harry talks with wheelchair basketball players during the launch of the Invictus Games at the Copper Box Arena in London's Queen Elizabeth Olympic Park in March 2014. Max Mumby/Indigo/Getty ImagesThe Invictus Games were established by Prince Harry after his deployment in Afghanistan. Winter sports will also be played for the first time at the Vancouver Whistler games, including Alpine skiing and snowboarding, Nordic skiing and biathlon, skeleton and wheelchair curling.

Persons: London CNN — Prince Harry, Duke, Sussex, King Charles ’, Harry, ABC’s, “, ”, I’m, Meghan, Duchess of Sussex, Queen Elizabeth II, Paul’s, Prince Archie’s, Buckingham, Charles, Naruhito, Masako, Prince Harry, London's Queen Elizabeth, Max Mumby, ” Harry Organizations: London CNN, Invictus Games, London's Queen Elizabeth Olympic, CNN’s Royal, Invictus, Vancouver Whistler, First Nations Locations: United Kingdom, London’s St, Paul’s, United States, St, London's Queen, Afghanistan, Vancouver, Whistler, Canada

☆ Julian Assange’s mission was to change the world - but at what cost?
▼ + stars: | 2024-04-27 | by ( Lauren Said-Moorhouse | Claudia Rebaza | ) edition.cnn.com time to read: +14 min

Julian Assange leaves a Melbourne court after facing charges of computer hacking in 1995. WikiLeaks/ReutersUnder a global spotlightAs WikiLeaks continued its disclosures, Assange found himself the latest cause célèbre – his every movement intensely scrutinized. … He liked the fuss that (the disclosures) caused but he was oddly incurious actually about the documents.”Others offer alternative explanations for Assange’s eccentricities. There were mounting calls for Assange to leave WikiLeaks and, when he didn’t, many cut ties with it. Outside the confines of his diplomatic shelter, the world questioned whether Assange was trying to circumvent justice.

Persons: London CNN — Julian Assange, ”, He’s, Chelsea Manning, Joe Biden, Assange’s, Anthony Albanese, Assange, “, ” –, Julian Assange, Ian Kenins, Sarah Palin’s, Atika Shubert, Shubert, ” Shubert, célèbre, Fidel Narvaez, “ Assange, ” Narvaez, James Ball, Joe Raedle, ” Ball, Ball, …, Narvaez, Hans Crescent, Lenin Moreno, Moreno, Abu Hamza al, Masri, Stella Assange, Daniel Leal, Stella, “ I’m, Nick Vamos, It’s, Alice Jill Edwards, Agnès Callamard, El País, Der Spiegel, Jameel Jaffer, Xiaofei Xu, Alex Stambaugh Organizations: London CNN, WikiLeaks, Court, Ecuadorian, Army, Australian, Pentagon, NASA, University of Melbourne, Fairfax Media, of Scientology, Republican, CNN, Chelsea, Apache, Reuters, Guardian, Ellingham, Hans, London’s Metropolitan Police, US Justice Department, of Justice, Britain's, Getty, Peters & Peters, Prosecution Service, Human Rights, UN, Amnesty, The New York Times, Columbia University Locations: United States, Australian, London’s, Australia, Townsville, Queensland, cybercrime, Melbourne, Guantanamo Bay, Cuba, Iraq, London, Afghanistan, ”, Sweden, Ecuador, UK’s, Belmarsh

☆ King Charles III will return to public duties next week
▼ + stars: | 2024-04-26 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +5 min

London CNN —Britain’s King Charles III will resume public duties next week following “a period of treatment and recuperation,” Buckingham Palace announced Friday, two months after revealing that he was being treated for cancer. But the palace spokesperson did clarify that Charles was not expected to carry out a full summer program. Charles’ last public appearance was on Easter Sunday when he went to church in Windsor with several family members. Throughout his treatment, the King has continued to carry out his constitutional duties, receiving his daily red boxes and paperwork. Charles announced his cancer diagnosis and that he would step back from public-facing duties while undergoing treatment in early February.

Persons: London CNN — Britain’s King Charles III, ” Buckingham, Queen Camilla, Naruhito, Masako, King, Millie Pilkington, Camilla, couturier Fiona Clare, “, ” King Charles III, George's, Hollie Adams, Charles, Charles ’, Rishi Sunak’s, Charles ’ rubberstamping, Benjamin Key, Catherine , Princess of Wales, Kate, Prince Louis ’, Prince William, Princess Anne, Prince Edward, Prince, Wales Organizations: London CNN, “, Westminster Abbey, Easter, CNN, St, CNN’s Royal, Naval Staff Locations: British, London, Buckingham Palace, Normandy, St, Windsor , England, Windsor, George’s, Rwanda, West Midlands

☆ Europe is beating inflation. Why can’t America declare victory?
▼ + stars: | 2024-04-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

The Fed aims to keep inflation at 2% over the longer run. Meanwhile, among the 20 countries that use the euro, annual consumer price inflation has slowed steadily since the start of the year. Fed Governor Michelle Bowman said earlier this month that she would favor a rate hike “should progress on inflation stall or even reverse.”So why does the United States appear to have a bigger inflation problem than Europe? Some economists argue there isn’t actually much daylight between the US and European rates of inflation, pointing to a quirk in the US measures. The measure is designed to track inflation in the real estate market while accounting for the fact that most Americans own their homes.

Persons: Michelle Bowman, Paul Donovan, Simon MacAdam, ”, MacAdam, ” Carsten Brzeski, Janet Yellen, Jim Watson, Brzeski, “, ” Davide Oneglia Organizations: London CNN, Federal Reserve, European Central Bank, PCE, UBS Global Wealth Management, Capital Economics, ING, CNN, Monetary Fund, Washington, Reuters, Getty, —, ECB, Lombard Locations: United States, Europe, Centreville , Maryland, AFP, Russia, Ukraine

☆ King Charles is planning to add a solar farm to Sandringham
▼ + stars: | 2024-04-26 | by ( Billy Stockwell | ) edition.cnn.com time to read: +4 min

London CNN —King Charles III is making plans to install around 2,000 solar panels in the grounds of Sandringham Estate, in a sustainability drive that could see the entire country property powered by zero-carbon energy. The new venture, confirmed to CNN by a Sandringham Estate spokesperson, will provide renewable energy to power Sandringham House and the visitors’ center, with any surplus electricity returned to the grid. 06:03 - Source: CNNThe solar panels will be built on a secluded plot of land near Sandringham House, currently used as horse-grazing paddocks. The King’s latest venture follows the installation of a small number of solar panels on the roof of Sandringham House in early 2022. The monarch’s private residence, Highgrove House in Gloucestershire, also has some solar panels in its gardens.

Persons: London CNN — King Charles III, Charles, Highgrove, won’t, ”, Steve Gower, paddocks Organizations: CNN’s Royal, London CNN, Sandringham Estate, CNN, Sandringham House, Norfolk Constabulary Locations: London, Sandringham, Gloucestershire, Dubai

☆ BHP Anglo American bid: The clean energy race could trigger the biggest mining deal in decades
▼ + stars: | 2024-04-25 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —Mining giant BHP has made a near-$40 billion bid to take over its UK rival Anglo American in what would be the largest mining deal on record. BHP said in a statement Thursday that it valued Anglo American shares at £25.08 ($31.40) apiece, or £31.1 billion ($38.9 billion) in total. The potential deal would have a higher value than the $38.3 billion acquisition of Switzerland’s Xstrata by commodities company Glencore in 2012, according to Dealogic data. It would also be the biggest merger or acquisition in the mining industry by value since Dealogic began collecting the data in 2004. Shares in Anglo American soared as much as 13.8% on the news.

Persons: BHP, Dealogic, “, Mike Henry, ” Susannah Streeter, Hargreaves Lansdown, Rob North Organizations: London CNN — Mining, BHP, London Metals, Oz Minerals, United Kingdom’s, London Stock Exchange, City of, Hargreaves Locations: Australia, City, City of London

☆ Meta stock plunges on ‘aggressive’ AI spending plans
▼ + stars: | 2024-04-25 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Shares in Meta plunged in premarket trading Thursday as the Facebook owner’s plans to “invest aggressively” in artificial intelligence spooked investors. The company is competing head-to-head with Microsoft and Google to unlock the enormous potential of AI. Meta (META), which also owns WhatsApp and Instagram, said Wednesday that first-quarter profit more than doubled year-on-year, while revenue was up 27%. Meta said full-year capital expenditure would be in the range of $35-40 billion — up from previous guidance of $30-37 billion — as it continues to accelerate infrastructure investments to support AI. Meta has forecast revenue of $36.5-39 billion, versus analyst expectations of $38.2 billion.

Persons: —, ” Sophie Lund, Yates, Hargreaves Lansdown, Meta, Mark Zuckerberg, ”, Stephen Innes Organizations: London CNN —, Meta, Facebook, Microsoft, Google, ”, Management

☆ Switzerland says UBS may need more cash. The bank is fuming
▼ + stars: | 2024-04-24 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

Now, the giant Swiss lender is hitting back, saying its finances are robust and warning that the proposal could harm Switzerland’s standing as a global financial center. “There can be no regulatory solution for a broken business model,” he continued, referring to Credit Suisse. UBS bought its stricken rival last March in a government-orchestrated rescue aimed at preventing a global financial crisis. It was not too-low capital requirements that forced Credit Suisse into the historic weekend rescue,” he added. But that leaves the stock more vulnerable to declines as a result of “execution risk in the Credit Suisse integration,” suggested Citi analyst Andrew Coombs.

Persons: London CNN —, Colm Kelleher, “, ”, Kelleher, Pascal Mora, Karin Keller, Keller Sutter, Anke, Andrew Coombs, ” Kelleher, Sergio Ermotti’s, Ermotti Organizations: London CNN, Credit Suisse, UBS, Bloomberg, Getty, RBC Capital Markets, Citi, Reuters Locations: Swiss, Switzerland, Europe

☆ EU raids offices of Chinese security equipment maker in subsidy probe
▼ + stars: | 2024-04-24 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +4 min

London CNN —European Union officials have raided the offices of a Chinese company as part of a probe into subsidies, exposing rising tensions between the bloc and one of its biggest trading partners. The European Commission said Tuesday that it carried out “unannounced inspections” at the premises of a company making and selling security equipment in Europe, which it suspects may have benefited unduly from state subsidies. “The commission has indications that the inspected company may have received foreign subsidies that could distort the (EU’s) internal market,” the EU’s executive body said in a statement on its website. The China Chamber of Commerce to the EU said Wednesday that it had been informed that a Chinese company was the target of the investigation. The Foreign Subsidies Regulation, which came into force last July, is aimed at addressing market distortions caused by subsidies from foreign governments and ensuring that EU companies are competing on a level playing field.

Persons: “, ”, ” Ursula von der Leyen, Janet Yellen Organizations: London CNN — European Union, European Commission, China Chamber of Commerce, EU, CNN Locations: Europe, Poland, Netherlands, Romania, China, Puglia, Italy, United States, Beijing

☆ Princess Diana’s first-ever job contract up for auction
▼ + stars: | 2024-04-24 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +4 min

London CNN —A work contract signed by Diana Spencer two years before she married the then-Prince of Wales is expected to fetch thousands of dollars at auction. The document was filled out in black ink by the young woman who would go on to become world famous as Princess Diana. The job contract, believed to be Princess Diana’s first, was filled out when she was just 17. The document, which is expected to sell for up to $10,000, is thought to be the late princess’ first official work contract. This contract is one of the last remaining snapshots of Diana’s life before she was thrust into the spotlight.

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