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CNN —Allegations that three boys gang-raped a 12-year-old Jewish girl in northern France have triggered an outcry over surging antisemitism in the country, a key issue in the looming French parliamentary elections this month. The Nanterre prosecutor’s office announced Wednesday that it has launched an inquiry into the alleged “aggravated rape” of a minor, after receiving “reports from a 12-year-old girl” of the incident on June 15. The third boy has been placed under “assisted witness” status in relation to the alleged rape, the prosecutor added. The alleged attack took place as the girl tried to return home after meeting a friend. Protesters carried placards with slogans such as “Raped at 12 because she was Jewish,” and “Anti-Semitism is not residual,” and listened to speeches from Jewish rights activists in attendance.

Persons: Emmanual Macron, “, BFMTV, Gerald Darmanin, Jordan Bardella, ” Bardella, Pen, Emmanuel Macron, André, Gabriel Attal, Jean, Luc Melenchon, ” Attal, ” Melenchon Organizations: CNN, French, Senate, National Rally, Getty, TF1, BFMTV, Conseil, juives de Locations: France, Nanterre, Gaza, Elysee, Paris, Israel, Paris’s, juives, juives de France

☆ It takes a full year to bring one of Art Basel's most popular exhibits to life. Here's how it all comes together.
▼ + stars: | 2024-06-20 | by ( Monica Humphries | ) www.businessinsider.com time to read: +8 min

Perhaps the most popular part of Art Basel is the Unlimited sector, famous for its large-scale works. He spends the week of Art Basel conversing with gallery representatives, discussing artists' works, and planting seeds for the next exhibit. Monica Humphries/Business InsiderOnce the hall's layout is finalized, walls and lights are built and placed. Finally, the galleries and artists arrive to install their projects about four days before Art Basel begins. A view of Art Basel's Unlimited hall.

Persons: —, Giovanni Carmine, Carmine, Lutz Bacher's, David Claerbout's, Monica Humphries, Keith Haring, Miles, Allan McCollum, Julio Le Parc's, Carmine's, Seba Calfuqueo, Keith Haring's, Sam Falls, Mario, Mario Ceroli's, Faith Ringgold's, Julio Le Parc, Christo Organizations: Service, Art Basel, Kunst Halle Sankt Gallen, Business, Basel, curating, FDR Locations: Switzerland, Swiss, Basel, Art, Paris, Miami, la, Harare, Zimbabwe

☆ Opinion: Don’t expect footballer Kylian Mbappe to swing the French election
▼ + stars: | 2024-06-20 | by ( Opinion Adam Plowright | ) edition.cnn.com time to read: +7 min

Paris CNN —French soccer superstar Kylian Mbappé made a dramatic foray into the country’s election campaign this week, but don’t expect the striker to have an influence on the outcome. The far-right National Rally party of anti-immigration leader Marine Le Pen is leading in the polls, and most pundits suspect her populist movement has never come this close to power. Leaders of the French far-right National Rally, Marine Le Pen and Jordan Bardella, attend a rally ahead of the European Parliament elections where the party had huge success earlier this month. In 2006, Marine Le Pen’s father, far-right patriarch Jean-Marie Le Pen, suggested there were too many “players of color” on the national side. While millions will cheer them on at the Euros, they serve as a visible reminder of the country’s changing demographics — an issue which animates voters for the National Rally like no other.

Persons: Adam Plowright, “, Emmanuel Macron —, Read, Kylian Mbappé, Adam Plowright Adam Plowright, ”, Marcus Thuram, Mbappé, Emmanuel Macron, Marine, Macron, Le Pen’s, Le Pen, Jordan Bardella, Gonzalo Fuentes, Bardella, today’s TikTok, Thuram —, Lilian, Aime Jacquet, Stu Forster, Marcel Desailly, Zinedine Zidane, Didier Deschamps, Le, Jean, Marie Le Pen Organizations: Paris CNN —, UEFA, “, Real Madrid, Ipsos, Reuters, YouTube, Brazil, National Locations: Paris CNN — French, Germany, Paris, Cameroon, Algeria, France, United States, Europe, Guadeloupe

☆ CNBC Daily Open: Le Pen's 28-year old protégé
▼ + stars: | 2024-06-20 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. China holds rates, stocks dipMarkets in the Asia-Pacific region were trading mostly lower after the People's Bank of China held interest rates unchanged. Russia-North Korea partnershipRussia and North Korea signed a "comprehensive strategic partnership" deal on Wednesday, including a mutual defense pact, during President Vladimir Putin's first state visit to North Korea in 24 years. Musk clarifies remarksElon Musk attempted to clarify his controversial remarks after advertisers threatened to leave X. Musk previously told advertisers to "go f--- yourself."

Persons: Hai Precision Industry —, Foxconn —, Australia's, Guzman Y Gomez, Vladimir Putin's, Putin, Kim Jong Un, CNBC's Holly Ellyatt, Elon Musk, Musk, Goldman Sachs Organizations: New York Stock Exchange, CNBC, People's Bank of China, CSI, Hai Precision Industry, Nikkei, of England, Cannes Lions Locations: New York City, China, Asia, Pacific, Seng, Taiwan, Russia, North Korea, Ukraine, Cannes, France, Europe

☆ Former Disney World employees share 8 of their favorite places to eat in the theme parks
▼ + stars: | 2024-06-19 | by ( Jenna Clark | ) www.businessinsider.com time to read: +5 min

Business Insider spoke with former Disney World employees about their favorite places to eat on the property. AdvertisementFlame Tree Barbecue at Animal Kingdom is a must-tryFor former Magic Kingdom employee Kaitlyn Cahalen, Flame Tree Barbecue is the main Animal Kingdom restaurant she frequents. Jenna ClarkIf you're traveling to Disney World with picky eaters, Roundup Rodeo BBQ in Toy Story Land at Hollywood Studios can be a lifesaver. AdvertisementKalyn Breisch, a former Disney College Program participant who worked at Epcot, told Business Insider that she can be picky. First, because it's always delicious, and second because it reminds me of very happy memories of when my parents came to Disney World."

Persons: —, Kaitlyn Cahalen, Jenna Clark, Kalyn, Le Cellier, Josie Maida Aguirre, Matt Stroshane, Walt, Joyce Wingate Boyden, Wingate Boyden, Breisch, Brown, Carly Caramanna, Hollywood Brown Organizations: Service, Business, Disney, Magic, Kingdom, Hollywood Studios, Disney College, Epcot, Disney World, Walt Disney, Vine, Hollywood Brown Derby, Brown Derby, Hollywood Locations: Animal Kingdom, Canada, Magic, California

☆ Putin arrives in Vietnam as Russia seeks support in face of Western isolation
▼ + stars: | 2024-06-19 | by ( Helen Regan | ) edition.cnn.com time to read: +7 min

Considered a pariah by the West, Putin is looking to boost economic ties with friendly countries and show that Western isolation is not having an impact. Vietnam was among several Southeast Asian countries that abstained from joining a global summit on Ukraine in Switzerland last week. Last week, Vietnam sent a delegation led by its Deputy Minister of Foreign Affairs to attend the BRICS Foreign Ministers’ Summit in Russia. Analysts say Russia is likely to get more out of the visit than Vietnam, and Hanoi may even suffer reputational damage by hosting Putin following his trip to North Korea. “If no substantive deals are made, the visit will mainly be symbolic and a means for Putin and Russia to show the world that Western sanctions against Russia are not working,” said Le.

Persons: Vladimir Putin, Kim Jong, Putin, Nguyen Phu Trong, Lam, Minh, Yury Ushakov, Xi Jinping, Joe Biden, ”, Le Hong Hiep, – Yusof, Le, ” Putin, Xi, –, John Kirby, Anwar Ibrahim Organizations: CNN, West, US, Reuters, Communist Party General, Vietnam’s, Vietnam News Agency, ” TASS, TASS, ”, Vietnam Studies, International Criminal Court, ICC, United Arab, Foreign Ministry, Foreign Affairs, ’ Summit, Analysts, Putin Locations: Hanoi, North Korea, Ukraine, Vietnam, Moscow, United States, China, Russia, Pyongyang, Russian, Soviet, India, US, South China, Switzerland, Beijing, Kazan, Iran, Saudi Arabia, United Arab Emirates, Ethiopia, Egypt, Malaysia, BRICS, “

☆ E.U. Warns France Over ‘Excessive’ Deficit, Adding to Political Risks
▼ + stars: | 2024-06-19 | by ( Liz Alderman | ) www.nytimes.com time to read: +1 min

Add an entry to the list of troubles facing President Emmanuel Macron of France less than two weeks before pivotal legislative elections: potential financial penalties by the European Union for failure to rein in the nation’s ballooning deficit and debt. Mr. Macron threw French politics into disarray earlier this month by calling for snap parliamentary elections after his party was battered by the far right in European Parliament elections. The fiscal warning by E.U. authorities set the stage for a possible confrontation between Brussels and Paris. institutions, and want to ease rather than tighten fiscal policy.

Persons: Emmanuel Macron, Macron Organizations: European Union, National, Marine, National Rally, New Locations: France, Brussels, Paris

☆ Woman accuses former Olympic swim coach of sexually abusing her as a teen and USA Swimming of failing to stop it
▼ + stars: | 2024-06-18 | by ( Amy Simonson | Eric Levenson | ) edition.cnn.com time to read: +5 min

He also founded the Bernal’s Gator Swim Club, an amateur swim club, and coached Le from 2006 to 2010. In February 2016, USA Swimming permanently banned Bernal for his abuse of an unnamed “Athlete A,” the lawsuit states. The suit accuses Bernal, USA Swimming and other defendants of violating the Trafficking Victims Protection Act. Further, the lawsuit accuses Bernal of sexual abuse and the others of negligence. USA Swimming is not a defendant in the lawsuit.

Persons: CNN —, Amanda Le, “ Amanda Le, Joseph Bernal, Bernal, Le, ”, Scott Leightman, ’ ’, Larry Nassar, Jon Little, ” Little, Nassar, doesn’t, Amanda, “ Amanda, Kimberly Stines, Little Organizations: CNN, of Fame, Court, Fordham, Harvard, American Swim, Hall of Fame, Swim, Le, Boston Globe, ’ ’ CNN, USA, Olympic, Paralympic Committee, Gator Swim, New, Stines Locations: Massachusetts, USA, New England, Bernal’s

☆ Paris Olympics: Triathlon events hang in the balance over E. Coli levels in the Seine
▼ + stars: | 2024-06-18 | by ( Billy Stockwell | ) edition.cnn.com time to read: +12 min

Fluidion’s testing has found that, on average, E. Coli levels in the Siene between early April and late May were just under 3400 MPN/100mL. The highest E. Coli levels recorded by Fluidion were 23590 MPN/100mL on May 2 and 13090 MPN/100mL on May 30, according to Angelescu. But if poor water quality persisted, the triathlon would have to be downgraded to a duathlon with no swimming, the organization confirmed. Angelescu said that “significant infrastructure projects” by the city of Paris designed to improve water quality will have a “substantial” impact. Triathlon athletes swim in the Seine river during the men's 2023 World Triathlon Olympic Games test event in Paris on August 18, 2023.

Persons: Pont Alexandre III, –, Jeanne Lehair, Dan Angelescu, Tim Clayton, Corbis, Fluidion, Angelescu, ”, Bertrand Guay, “, Anne Hidalgo, Stephane De Sakutin, Mike Cavendish, ” Cavendish, Probiotic, Cavenish, Phil Dunne, dietitians, Tim Harradine, ” Harradine, Emmanuel Dunand, “ It’s, Cavendish, Harradine, Bea Adeleke Organizations: CNN, Palais, Pont, Eiffel, Triathlon, Games, Getty, Surfrider Foundation, “, ”, Paris, British Triathlon, ’, Olympics Locations: Seine, Paris, France, French, AFP, Pont Alexandre, Austerlitz, Luxembourg, Oxford, Cambridge, Rio de, Guanabara, Lehair, ”

☆ Kylian Mbappé: France captain suffers broken nose in Euro 2024 win over Austria, questionable for Netherlands clash
▼ + stars: | 2024-06-18 | by ( Matias Grez | ) edition.cnn.com time to read: +2 min

CNN —Soccer star Kylian Mbappé suffered a broken nose in France’s 1-0 win over Austria at Euro 2024 on Monday, the French Football Federation (FFF) said in a statement to Reuters. “Kylian Mbappé suffered a broken nose during the second half of the Austria v France match this Monday in Düsseldorf,” the statement said, per Reuters. “The captain of the French team was first taken care of by the medical staff and doctor Franck Le Gall, who diagnosed a broken nose. “Kylian Mbappé has returned to the base camp of the French team. — Kylian Mbappé (@KMbappe) June 17, 2024Danso issued an apology to Mbappé after the game.

Persons: Kylian Mbappé, Mbappé, Germain, Kevin Danso, “, Franck Le Gall, “ Kylian Mbappé, Des idées Organizations: CNN — Soccer, Austria, French Football Federation, Reuters, Real Madrid, Paris Saint, France, CNN, Twitter Locations: Paris, Austria, Düsseldorf

☆ French protests add to Macron's political gamble as election race heats up
▼ + stars: | 2024-06-17 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Matthieu Delaty | Afp | Getty ImagesFrance's election campaign kicked off in earnest Monday following a weekend of violent nationwide protests against the far-right National Rally, or RN, whose record European Parliament gains sparked the snap vote. Protesters gather during an anti far-right rally after French president called legislative elections following far-right parties' significant gains in European Parliament elections, in Paris on June 15, 2024. More likely, however, is a "messy" hung parliament, he said — part of Macron's gamble to discredit RN's legitimacy ahead of the 2027 presidential elections. French stocks gained on Monday, with Goldman Sachs' senior European strategist Sharon Bell saying that the sell-off may have been premature. Protesters gather during an anti-far-right rally after French President Emmanuel Macron called legislative elections following far-right parties' significant gains in European Parliament elections in Paris on June 15, 2024.

Persons: Matthieu Delaty, Jordan Bardella, France's Le, Lou Benoist, Emmanuel Macron's, Mujtaba Rahman, Mujtaba, Goldman Sachs, Sharon Bell, Bell, CNBC's, Emmanuel Macron Organizations: National Rally, Afp, Getty, France's Le Monde, CGT, CNBC, Union, Eurasia, CAC, Generale, Protesters Locations: Lyon, France, Paris, Europe

☆ One private equity firm controls more than a dozen of the biggest restaurant chains
▼ + stars: | 2024-06-17 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

AdvertisementThere's a good chance that just one private equity firm owns one of your favorite restaurant chains. Over the last quarter-century, Roark Capital Group has bought up nearly 20 restaurant brands in the US. Its latest acquisition happened last year when it acquired Subway, which operates the most stores out of any restaurant chain in the US. AdvertisementThe private equity firm also has investments in The Cheesecake Factory, which is publicly traded, as well as midwestern burger chain Culver's. AdvertisementWhile Roark owns a lot of restaurant brands, it's hardly the only private equity player in the industry.

Persons: —, Carl's Jr, Dunkin, Tyler Le, Roark, Jimmy John's, Auntie Anne's, Howard Roark, Ayn, TriArtisan Organizations: Buffalo Wild Wings, Roark Capital Group, Service, Business, Roark Capital, Hooters, TriArtisan Capital, Bay Capital Locations: Subway, Arby's, Carl's, Atlanta, Ayn Rand's, Nestle, Mars

☆ Hardware is Wall Street's new favorite bet
▼ + stars: | 2024-06-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the Apple-Google partnership that shows why hardware has become Wall Street's new favorite bet . The big storyHardware is hotGetty Images; Chelsea Jia Feng/BISoftware may still eat the world, but only with the help of some serious hardware. But generative AI has put a considerable spotlight on a less sexy part of tech: hardware. That's playing out in the stock market, where hardware tech stocks have outperformed software tech stocks by 30 percentage points this year , writes BI's Matthew Fox.

Persons: —, Chelsea Jia Feng, Marc Andreessen's, Hugh Langley, That's, BI's Matthew Fox, it's, Steve Schwarzman, Jon Gray, Brian Ach, Tyler Le, Andy Sieg, Merrill Wealth, Dan Sundheim, Chris Tuite, Trump, Elon Musk, hasn't, Jimmy Simpson, they're, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, Elon, Apple, Business, Apple Intelligence, OpenAI, Google, Microsoft, Amazon, Oracle, Street, Nvidia, Broadcom, Blackstone, Merrill, D1 Capital, YouTube, Netflix, BI, Cannes Lions, advertising's Locations: That's, New York, London

☆ America’s top central banker says the job market is back to normal. Is that true?
▼ + stars: | 2024-06-16 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Washington CNN —America’s top central banker recently said the job market now looks the way it did before the Covid-19 pandemic drastically upended society. Before the Bell spoke with Julia Pollak, chief economist at jobs site ZipRecruiter, about her views of the job market. Before the Bell: Do you agree with Chair Powell’s view that today’s job market is back to a pre-pandemic normal? Why is the job market slower now? The number of job openings is higher than it was by around 15% or so, but online job postings are actually lower by ZipRecruiter’s count.

Persons: Washington CNN —, “, Jerome Powell, Powell, it’s, Bell, Julia Pollak, they’re, They’re, Olesya Dmitracova, Emmanuel Macron, Read, Patrick Harker, Lisa Cook, Tom Barkin, Susan Collins, Adriana Kugler, Lorie Logan, Alberto Musalem, Goolsbee Organizations: CNN Business, Bell, Washington CNN, Fed, Labor, EU, National, New York Fed, Manufacturing Index, Reserve Bank of Australia, US Commerce Department, Federal Reserve, National Association of Home Builders, Accenture, Kroger, Darden, Bank of England, US Labor Department, Philadelphia Fed, Richmond Fed, Global, National Association of Realtors Locations: Washington, France, Wells Fargo

☆ There may not be many of them. But these Southern lesbian bars are still finding ways to thrive
▼ + stars: | 2024-06-15 | by ( Leah Asmelash | ) edition.cnn.com time to read: +14 min

While not an official tally, the Lesbian Bar Project aims to amplify and keep track of these spaces, which can register with the project. In the South, The Lipstick Lounge, Tennessee’s only bar registered with the Lesbian Bar Project, is in Nashville’s hip East End neighborhood. By the end of Burton’s trip, she found that the narrative of “dying lesbian bars” was maybe not totally accurate. “Sometimes it’s a physical shift from a lesbian bar to a bar that sometimes holds … queer or lesbian nights,” Burton said. Though the two are married, they don't classify their bar as a lesbian bar.

Persons: Sade, Tracy Chapman croon, Erin Karcher, “, Karcher, Joy Carter, ” Carter, it’s, ” Karcher, Lillian Faderman, you’re, “ We’re, ”, ” There’s, We’re, Krista Burton, Moby Dyke, —, isn’t, ” Burton, Burton, bartenders, Sue Ellen’s, Shamecca, they’ve, who’ve, ” Le’Teshia, Herz, Kimberly McKeand, CBS42, Le’Teshia, Christa Suppan, ” Suppan Organizations: CNN, Durham Performing Arts Center, Lesbian, Nucleus, Lesbian Bar, Gallup, Stonewall, Mobile Locations: Durham, Raleigh, North Carolina , Texas, Tennessee, Chicago, San Francisco, Durham , North Carolina, Georgia, Atlanta, Washington, North Carolina, New York, Seattle, America, Herz, Mobile , Alabama, Tulsa , Oklahoma, Dallas, Richmond , Virginia, Mobile, Gulf, Florida, Mississippi, ”, Virginia, Richmond

☆ Barricades, betrayal and bust-ups: Macron triggers a wild week in French politics
▼ + stars: | 2024-06-15 | by ( Joseph Ataman | ) edition.cnn.com time to read: +8 min

French President Emmanuel Macron promptly turned the country on its head by announcing a snap legislative election. Marine Le Pen addresses her supporters alongside National Rally President Jordan Bardella during an event on Sunday following the European elections. Marion Marechal addresses supporters of her party, Reconquest, alongside party president Eric Zemmour, left, on Sunday. In his statement on X, formerly Twitter, he refuted Marechal’s accusations that he had sunk a deal with National Rally. The fact of Ciotti’s endorsement, even if rejected by others in his traditionalist party, indicates how far National Rally has moved into mainstream politics.

Persons: defenestrated, Emmanuel Macron, “, ”, there’s, acolyte Jordan Bardella, Macron’s, Jordan Bardella, Julien de Rosa, Eric Ciotti, Republicans –, –, Le Pen’s, Valerie Pecresse, Ciotti, Stephane de Sakutin, Marion Marechal, Eric Zemmour, Marechal, Zemmour, “ Let’s, BFMTV, “ She’s, Ian Langsdon, Le, Julen Chavin Organizations: Paris CNN —, National, National Rally, Republicans, Paris, Facebook, “, Getty Locations: France, France’s, AFP, Paris, Thusrday

☆ This one private equity firm owns over a dozen of your favorite restaurants
▼ + stars: | 2024-06-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

AdvertisementThere's a good chance that just one private equity firm owns one of your favorite restaurant chains. Its latest acquisition happened last year when it acquired Subway, which operates the most stores out of any restaurant chain in the US. But Roark's holdings include other restaurants that you've probably visited before:Roark Capital owns almost 20 restaurant brands, from Carl's Jr. to Dunkin'. AdvertisementThe private equity firm also has investments in The Cheesecake Factory, which is publicly traded, as well as midwestern burger chain Culver's. AdvertisementWhile Roark owns a lot of restaurant brands, it's hardly the only private equity player in the industry.

☆ Markets fear the French far right could trigger a financial crisis
▼ + stars: | 2024-06-14 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +5 min

President Emmanuel Macron called the snap elections Sunday after his party lost to the far right in a vote for EU lawmakers, a shock move that rattled markets for French stocks and government bonds. There has been widespread speculation since then that the National Rally, the party of far-right doyenne Marine Le Pen, is poised to become the most powerful force in parliament, unseating Macron’s centrist bloc. The risk of something similar happening in France is real, according to the country’s finance minister, Bruno Le Maire. “This comes down to the (parties’) plans that are on the table, whether we can, yes or no, finance this debt,” Le Maire said. The National Rally has promised to raise public spending and slash VAT on electricity and fuel.

Persons: Emmanuel Macron, Pen, ”, Truss, Bruno Le Maire, Le Maire, “, ” Le Maire, ’ jitters, Ludovic Marin, La Tribune Dimanche, Frank Gill, Moody’s, ” Joseph Ataman, Mark Thompson Organizations: London CNN —, EU, National, ‘, AAA, Getty Images Stock, haven’t, CNN, BFMTV, La Tribune, National Rally, European Central Bank, ECB Locations: France, ‘ France, French, Portugal, Europe, Italy, AFP, Paris, London

☆ The leaders at this year's G7 summit look weaker than ever
▼ + stars: | 2024-06-14 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Read previewThe G7 summit has long been a showcase of global leadership and power. But 2024's group of leaders appears to be one of the weakest that has attended the summit for some time. French President Emmanuel Macron, Italian Prime Minister Giorgia Meloni, US President Joe Biden, and Japanese Prime Minister Fumio Kishida at the G7 summit. 'Brittle at best'Payne argued that some of the G7 leaders aren't outright weak; rather, they face circumstances that threaten their authority. And right now, the domestic foundations of most of the G7 leaders are brittle at best," he added.

Persons: —, Inderjeet Parmar, Emmanuel Macron, Olaf Scholz's, Rishi Sunak, Giorgia Meloni, Joe Biden, Fumio Kishida, Antonio Masiello, Andrew Payne, Payne, Donald Trump, Hunter Biden's, Parmar, aren't Organizations: Service, Business, Politico, City University of London, EU, Olaf Scholz's Social Democrats, Christian Democrats, Social Democrats, White House Locations: Canada, France, Germany, Italy, Japan, Italian, Ukraine

☆ Saudi Arabia looking to China for a lifeline for its futuristic city could mean trouble for the US
▼ + stars: | 2024-06-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how Saudi Arabia is courting Chinese investors for help with its massive, futuristic city facing financial issues. NeomSaudi Arabia's dreams of a futuristic city are turning into a financial nightmare, and one of its solutions could spell trouble for the US. Since 2017, the Kingdom has touted big plans for the desert megacity Neom . AdvertisementThe city plans to heavily use renewable energy, a key area of focus for China as it digs itself out of its economic hole . But a soft real estate market and a trail of angry business partners and customers are threatening to thwart his big plans .

Persons: —, Prince Mohammed bin Salman's, Neom's, hasn't, Tom Porter, Prince, Aaron Weiner's, Weiner, Justin Sullivan, it's, they'd, Tyler Le, Giovanna Ventola, Michael Shvo, Shvo, Tesla, Jose Uribe, Sen, Bob Menendez, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover, Annie Smith, Amanda Yen Organizations: Service, UEFA, Business, Neom, US, International Monetary Fund, Bank of America, Apple, Apple Intelligence, OpenAI, Amazon, Bonnaroo Music, Arts Festival, Post Malone Locations: Saudi Arabia, Neom, Saudi, Kingdom, China, Gaza, New York, London

☆ French Stocks Tumble to Worst Week in Two Years Over Election Fears
▼ + stars: | 2024-06-14 | by ( Liz Alderman | ) www.nytimes.com time to read: +1 min

A growing realization that President Emmanuel Macron’s decision to hold snap elections in France may backfire sent the French stock market tumbling on Friday to its lowest level in two years, and prompted warnings from the French finance minister that the economy risks stumbling into a financial crisis. Amid growing signs that Marine Le Pen’s far-right party may be ushered to the brink of power, France’s benchmark stock index, the CAC 40, slumped 2.7 percent. The losses capped a weeklong losing streak that sent shares down more than 6 percent, wiping out all the bourse’s gains since the start of the year. Among the hardest hit stocks were France’s biggest banks, including BNP Paribas and Société Générale, which hold hefty amounts of French sovereign debt. Equally worrisome, the risk premium that investors demand to hold French government bonds over Germany’s, a eurozone benchmark, rose to the highest since 2017, the biggest weekly jump since 2012, when the euro debt crisis was underway.

Persons: Emmanuel Macron’s, Société Organizations: CAC, BNP Locations: France

☆ French stocks take beating, risk premium rises under specter of possible far-right victory
▼ + stars: | 2024-06-14 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Jordan Bardella, President of the National Rally (Rassemblement National), a French nationalist and right-wing populist party, speaks to over 5,000 supporters on June 9th, at Le Dôme de Paris. French stocks plunged on Friday, with the country's blue-chip index heading for its worst week in more than two years, as investors weigh a potential far-right victory in the upcoming parliamentary elections. A volatile week kicked off in French politics, as President Emmanuel Macron called a snap election last Sunday. The president's decision came after the far-right National Rally party won a historic 31.37% of the French vote for the European Parliament, more than double the 14.6% won by Macron's own Renaissance party. The French leader has since said that he will not step down as president if National Rally makes significant gains in the French legislature, handing them control over economic policy and other domestic issues.

Persons: Jordan Bardella, Emmanuel Macron, Macron's Organizations: National, CAC Locations: French, Le, Paris, London

☆ How the 'classiest' A-list celebrity ended up voicing a sexy octopus on 'The Boys' season 4
▼ + stars: | 2024-06-13 | by ( Olivia Singh | ) www.businessinsider.com time to read: +4 min

"I had no idea that it was going to be Tilda Swinton." Last season, The Deep encountered a female octopus named Ambrosius while attending Herogasm. Ambrosius (voiced by Tilda Swinton) and The Deep (Chace Crawford) on season four of "The Boys." "There's four of them in the world, and Tilda Swinton is one of them." Tilda Swinton at the 20th Marrakech International Film Festival in Morocco on November 27, 2023.

Persons: —, Chace Crawford, Tilda Swinton, Crawford, Ambrosius, Katy Breier, Ashley Barrett, Colby Minifie, Eric Kripke, Kripke, Vianney Le Caer, he's, I'm, … Organizations: Service, Business, Academy Locations: Marrakech, Morocco

☆ France, With Elections, Is in Danger - The New York Times
▼ + stars: | 2024-06-13 | by ( Cole Stangler | ) www.nytimes.com time to read: +2 min

President Emmanuel Macron’s decision to dissolve the National Assembly and hold snap legislative elections on June 30 and July 7 has given the far right its best shot at governing France for the first time since the Vichy regime of World War II. The move stunned the country’s political class, including high-ranking Macronists from whom the president’s plans were reportedly heavily guarded. And for much of France, the decision remains perplexing. But make no mistake: France is in danger. Since the 2022 legislative elections denied his electoral alliance a majority in the National Assembly, his coalition has been forced to seek support from other parties, namely the right-wing Republicans.

Persons: it’ll, Emmanuel Macron’s, Macronists, Macron Organizations: National Assembly, France, Republicans, Republican Locations: Vichy, France

☆ Gen Zers are obsessed with Aritzia's $148 Effortless Pant. Uniqlo's 'work uniforms' are Asia's budget answer to it — at a fraction of the price.
▼ + stars: | 2024-06-13 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

The pleated, wide-leg pant costs $148 a pop and is offered in a variety of colors, lengths, and materials. So the Effortless Pant may have become 2024's work uniform for young working women in North America. That means that for the price of one Aritzia Effortless Pant, a Uniqlo shopper over in Asia can purchase an entire work outfit. Related storiesIt even used the term "SG uniform" on its Instagram, in a video that is captioned: "Styling the SG Uniform: Our AIRism Cotton Oversized Crew Neck tee is the essential T-shirt redefined." Young office workers in China, for instance, are ditching the work uniform entirely to rebel against low pay and grueling working hours.

Persons: —, Pant, pant, Lyst, Rick Owens, Richard Thompson Ford, Forbes, Zers, Aritzia didn't Organizations: Service, Business, Wall Street Journal, Uniqlo Locations: North America, Asia, Singapore, Stanford, Pant, China

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