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☆ Hundreds of migrants amass near US-Mexico wall with COVID ban set to end
  + stars: | 2023-05-09 | by ( Lizbeth Diaz | ) www.reuters.com   time to read: +1 min
[1/4] Migrants gather between the primary and secondary border fences in San Diego as the United States prepares to lift COVID-19 era restrictions known as Title 42, that have blocked migrants at the U.S.- Mexico border from seeking asylum since 2020, as seen from Tijuana, Mexico May 8, 2023. Activists say that queues of migrants started arriving this week to the city of Tijuana, which borders San Diego, California, hoping to get ahead of a potential rush in asylum applications after May 11. The United States has insisted the end of Title 42 does not mean borders will be open. The Biden administration and Texas state government are sending reinforcements to the border to prepare for a possible increase in illegal immigration. Reporting by Lizbeth Diaz; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.
☆ Liverpool: Why playing the national anthem at Anfield for King Charles' coronation could be an issue
  + stars: | 2023-05-06 | by ( Ben Church Aimee Lewis | Ben Church | Aimee Lewis | ) edition.cnn.com   time to read: +4 min
Liverpool fans have a history of booing the national anthem, most recently doing so before last season’s FA Cup final at Wembley – many also booed Prince William when he appeared on the pitch. So why exactly do Liverpool fans have a history of booing the monarchy? Booing of the national anthem at football matches when the team played at Wembley – which was frequent given Liverpool’s dominance of English football in this era – became widespread and remains so today. Liverpool fans have a history of booing the national anthem. And, in an article written on Friday, football journalist Dominic King suggested Liverpool fans might just sing the club’s own anthem “You’ll Never Walk Alone” instead of “God Save The King” on Saturday.
☆ UFC 288: Aljamain Sterling vs. Henry Cejudo for bantamweight title
  + stars: | 2023-05-06 | by ( Aimee Lewis | ) edition.cnn.com   time to read: +2 min
Two-division champion Henry Cejudo, 36, will face Aljamain Sterling at UFC 288 in New Jersey’s Prudential Center for the bantamweight title on Saturday. Cejudo (16-2) left the sport in May 2020 after UFC 249, announcing his decision on the night he beat Dominick Cruz to defend his bantamweight title. A 2008 Olympic wrestling champion, Cejudo successfully transitioned to MMA, becoming a UFC flyweight champion 10 years later before taking the bantamweight title in 2019 to become only the fourth fighter in UFC history to simultaneously hold two belts. “These are the challenges that I like, that’s the stuff that really wakes me up in the morning. In Friday’s weigh-in, the pair got into a heated exchange and Sterling has said that he thrives in the chaos.
☆ Adidas runs harder, but also stands still
  + stars: | 2023-05-05 | by ( ) www.reuters.com   time to read: +2 min
That beat analyst expectations of 15 million euros, and was aided by double digit sales growth in Latin America and Asia. The good cheer partly reflects the low expectations of Adidas’s investors. They hold shares worth about half their mid-2021 level, and while sales globally didn’t fall 4% as forecast, they still dipped 1% year-on-year. Meanwhile, CEO Bjorn Gulden has to decide what to do with stacks of Yeezy trainers in storage ever since the company severed ties with the musician. Although certain products like Gazelle and Sambo are doing well, the 40% margins on Yeezy sales were ten times Adidas’s overall level.
☆ First Republic’s rescue cements ‘too big to fail’: podcast
  + stars: | 2023-05-04 | by ( Aimee Donnellan | ) www.reuters.com   time to read: 1 min
LONDON, May 4 (Reuters Breakingviews) - JPMorgan rode to the rescue of the mid-sized lender, which recently became the latest US bank to keel over. In this Viewsroom podcast, Breakingviews columnists discuss the impact of lending giants bulking up further, and whether that itself stores up future risks. Listen to the podcastFollow @aimeedonnellan on TwitterSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Novo Nordisk’s chunky valuation risks crash diet
  + stars: | 2023-05-04 | by ( Aimee Donnellan | ) www.reuters.com   time to read: +4 min
LONDON, May 4 (Reuters Breakingviews) - Novo Nordisk’s (NOVOb.CO) weighty valuation could be headed for a crash diet. This lofty position is thanks to its domination of the obesity market via its Wegovy drug. Obesity sales for Novo are still only expected to reach $12 billion by 2027, according to estimates from Visible Alpha. It also remains unclear how fast the obesity drug market will grow. Novo reported earnings before interest and taxes of 25 billion Danish crowns ($3.72 billion), above an average analyst forecast of 22.4 billion, according to a Refinitiv poll.
☆ Ending the retailers’ crisis has a high price tag
  + stars: | 2023-05-02 | by ( Aimee Donnellan | ) www.reuters.com   time to read: +5 min
BARCELONA, May 2 (Reuters Breakingviews) - High-street retailers are facing a heavy bill to weather the cost-of-living crisis. The cost of heating stores and staff requests for pay rises are squeezing operating margins at top players like H&M (HMb.ST) and Next (NXT.L). Shrinking disposable income is making it hard for these retailers to boost sales to protect margins. Most bricks-and-mortar retailers trade on higher multiples than they did before the war in Ukraine sparked soaring inflation. But that leaves a squeezed middle of retailers like H&M exposed to the brunt of the retail crisis.
☆ Toronto Maple Leafs win first NHL playoff series since 2004
  + stars: | 2023-04-30 | by ( Jacob Lev Aimee Lewis | Jacob Lev | Aimee Lewis | ) edition.cnn.com   time to read: +1 min
CNN —When the Toronto Maple Leafs last won a playoff series, George W. Bush was the US President, Lance Armstrong was winning Tour de France titles and The Facebook had just been launched. A lot has happened since 2004, and it has been quite the wait for the Maple Leafs. Before Saturday, the Maple Leafs had lost six straight first-round series, in addition to a qualifying-round loss in 2020 during the NHL bubble. In 2004, the Maple Leafs defeated the Ottawa Senators in seven games to advance to the Eastern Conference semifinals. The Maple Leafs will face the winner of Game 7 between the Boston Bruins and Florida Panthers Sunday.
☆ Erling Haaland scores his 50th goal of the season and equals an English Premier League record
  + stars: | 2023-04-30 | by ( Aimee Lewis | ) edition.cnn.com   time to read: +1 min
Arguably no player has made such an impact in his first season in the English Premier League. No Premier League player has ever scored as many. Only Everton’s Dixie Dean, who scored 63 goals in the 1927/28 season, has scored more goals in English football during a single top-flight campaign, according to the Premier League. The penalty was his 34th goal in the league, equaling Alan Shearer (1994-95) and Andy Cole (1993-94) for the most goals scored in a Premier League season. City still has hopes of completing the ‘treble’ as Pep Guardiola’s side remains in contention to win the league, the FA Cup and the Champions League.
☆ Ding Liren becomes world chess champion after beating Ian Nepomniachtchi in enthralling finale
  + stars: | 2023-04-30 | by ( Aimee Lewis | ) edition.cnn.com   time to read: 1 min
CNN —The final day of the World Chess Championship was always going to be a nervy affair, but few could have predicted just how tense the battle would be. After the classical section of the tournament ended 7-7 after 14 games, the championship between Ian Nepomniachtchi and Ding Liren went to tiebreaks. In the fourth and final rapid tiebreak game Sunday, it was Ding who was victorious. More to follow.
☆ Mirra Andreeva celebrates her 16th birthday and another astonishing victory at the Madrid Open
  + stars: | 2023-04-30 | by ( Aimee Lewis | ) edition.cnn.com   time to read: +1 min
CNN —It has been quite the weekend for Russian teenager Mirra Andreeva. On Saturday she celebrated her 16th birthday and also continued her remarkable progress at the Madrid Open. Andreeva, ranked world No. The Russian was runner-up at this year’s junior Australian Open and now has 16 professional wins to her name. “I didn’t expect to be here and playing Sabalenka in the round of 16,” Andreeva told the Tennis Channel, according to the WTA.
☆ Jack Nicholson watches on courtside as LA Lakers dominate Memphis Grizzles to end series
  + stars: | 2023-04-29 | by ( Aimee Lewis | ) edition.cnn.com   time to read: +1 min
CNN —Hollywood great Jack Nicholson watched the LA Lakers put on a dominant display against the Memphis Grizzles Friday in Game 6 of the first-round series. Kevork Djansezian/Getty ImagesDetermined to avoid a Game 7 in Memphis, the Lakers beat the second-seeded Grizzles 125-85 to end the series. Victory for the Kings, the third seeds, at home on Sunday would mean a first playoff series win in 19 years and would eliminate the defending champions. Malik Monk scored 28 points for the Kings, De’Aaron Fox ended with 26 points, including a game-high 11 assists, and Keegan Murray 15 points. Steph Curry scored 29 points for a Warriors team who did not come close to threatening the Kings.
☆ Wrexham: An intoxicating tale of Hollywood glamour and sporting romance
  + stars: | 2023-04-28 | by ( Aimee Lewis | ) edition.cnn.com   time to read: +22 min
In an often brutal and bleak world, the recent resurgence of Wrexham, the city as well as the soccer club, lifts the soul. The Turf pub is a must-see for Wrexham fans. But now, there’s Wrexham with a story that, in hindsight, feels as if it was just waiting for Hollywood. One of Wrexham city center's shopping areas, pictured on April 22. Wrexham fans celebrate on the pitch after their team beat Boreham Wood at the Racecourse Ground.
☆ European drug discounts will ruffle U.S. funder
  + stars: | 2023-04-28 | by ( ) www.reuters.com   time to read: +2 min
LODNON, April 28 (Reuters Breakingviews) - Europe’s plan to slash prices on pharmaceutical drugs could set off tensions with the U.S. The European Union proposed on Wednesday a legislative overhaul of the sector across the 27-nation bloc. This would incentivise drug makers like AstraZeneca (AZN.L) and GSK (GSK.L) to sell to all European countries at once. And although the U.S. is trying to tackle soaring prices with the Inflation Reduction Act, Europe’s falling drug costs will widen the gap once again. This creates a problem for the U.S. government, which funds more drug development than any other country.
☆ EY’s failed split raises stakes for Plan B: podcast
  + stars: | 2023-04-27 | by ( Aimee Donnellan | ) www.reuters.com   time to read: 1 min
LONDON, April 27 (Reuters Breakingviews) - The Big Four professional services firm called off a plan to separate its audit and consulting arms. In this Viewsroom podcast, Breakingviews columnists discuss what went wrong, the implications for its rivals, and the pressure on EY bosses to show the intact business can thrive. Listen to the podcastFollow @aimeedonnellan on TwitterSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Reckitt CEO switch may boost odds of a takeover
  + stars: | 2023-04-26 | by ( ) www.reuters.com   time to read: +2 min
LONDON, April 26 (Reuters Breakingviews) - Reckitt Benckiser’s (RKT.L) decision to appoint an insider as CEO may help to entice prospective buyers, like U.S. giant Procter & Gamble (PG.N). Reckitt has been a perennial takeover target, as previous bosses struggled to deliver consistently strong revenue growth. It is still paying down a hefty debt pile following an ill-advised $17 billion takeover of baby food maker Mead Johnson in 2017. Net revenue grew by nearly 8% year-on-year in the first quarter – after excluding acquisitions, disposals and currency fluctuations. Reckitt’s shares trade at 17 times forecast 2023 earnings, compared with P&G’s multiple of nearly 25 times.
☆ Wrexham secures promotion in front of jubilant owners Ryan Reynolds and Rob McElhenney
  + stars: | 2023-04-22 | by ( Aimee Lewis | ) edition.cnn.com   time to read: +5 min
Racecourse Ground, Wrexham CNN —Wrexham fans are still singing, they will likely be singing into the night, serenading their famous owners in the process, because the wait for promotion is finally over. On a raucous evening at the Racecourse, and with Ryan Reynolds and Rob McElhenney – the actors who have transformed the club since their 2021 takeover – in the stadium, Wrexham secured promotion to the Football League after a 15-year absence. Wrexham will next season compete in League Two, the fourth tier of the English football league. New Wrexham fans, from Ohio, Los Angeles, Washington and Arizona, had come to Wales this week; some had tickets, some just wanted to be in the city to see for themselves what they had watched on TV. When Reynolds and McElhenney took ownership of the club in February 2021 few could have imagined the impact the pair would make.
☆ Carmakers are poised for EV race to the bottom
  + stars: | 2023-04-20 | by ( ) www.reuters.com   time to read: +2 min
On Thursday, the near 10 billion euro carmaker Renault (RENA.PA) appeared to have finally turned a corner after a painful pandemic. A Tesla-induced price war would be particularly painful for European carmakers like Renault, which is forecast to record an abysmal operating margin of around 6% this year, Refinitiv data show. But if Musk’s plan works and he hoovers up market share, Renault and its peers may have no choice. The party for European EV carmakers could be over just as it started. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Politicians and policy wonks diverge on economy: podcast
  + stars: | 2023-04-20 | by ( Aimee Donnellan | ) www.reuters.com   time to read: 1 min
LONDON, April 20 (Reuters Breakingviews) - Prominent policymakers and world leaders met in Washington last week to discuss the economic outlook. In this Viewsroom podcast, Breakingviews columnists explain why US politicians are taking a rosier view of inflation and vulnerabilities in the banking sector than the IMF. Listen to the podcastFollow @aimeedonnellan on TwitterSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Why MLM Sales 'Huns' Get so Much Hate on Reddit, TikTok
  + stars: | 2023-04-18 | by ( Aimee Pearcy | ) www.businessinsider.com   time to read: +15 min
Over the past few years, MLM companies have been under increased scrutiny. MLM companies largely appeal to those who are disconnected and looking for a way to get on solid financial footingAt first, Stimson felt optimistic. And a 2018 AARP survey found that just 25% of MLM participants made a profit. US direct-sales companies, which include MLM companies, earned $42.7 billion in retail sales in 2021, according to the Direct Selling Association — a 21% increase from 2019. And two-thirds of MLM participants said that "knowing what they know now, they would not join the same MLM company again."
☆ Commercial property pain is only just beginning: podcast
  + stars: | 2023-04-13 | by ( Aimee Donnellan | ) www.reuters.com   time to read: 1 min
LONDON, April 13 (Reuters Breakingviews) - Valuations of offices and shopping malls are under threat as rising interest rates ratchet up the cost of buying real estate. In this Viewsroom podcast, Breakingviews columnists discuss how inflation and remote working could make the crisis far worse than 2008. Listen to the podcastFollow @aimeedonnellan on TwitterSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ UAE telco super app punt uses Indian playbook
  + stars: | 2023-04-11 | by ( ) www.reuters.com   time to read: +2 min
LONDON, April 11 (Reuters Breakingviews) - The United Arab Emirates is finding more strategic places to park its cash. The telecoms giant’s purchase follows a $4.4 billion investment in Vodafone (VOD.L) in May last year. It’s a way to advance an ambition, revealed last June, to be a technology and investment powerhouse. In a way, e& is following an investor playbook akin to that of India’s Reliance Industries (RELI.NS). The $192 billion Indian conglomerate has spent years acquiring music apps and other services in an attempt to cross-sell to its mobile customers.
☆ Why Paris is one of the few cities in the world banning rental e-scooters
  + stars: | 2023-04-09 | by ( Eliza Relman | ) www.businessinsider.com   time to read: +10 min
Transportation experts say the Paris ban doesn't necessarily mean much for the growth of micromobility. The diverging approaches to rental e-scooters by major cities around the world reflects the technology's chaotic rollout over the last few years and an inability for cities to keep up with sufficient regulations, experts say. Either way, experts say the regulatory environment in Paris and many other places just hasn't been able to keep up. Transportation experts say Paris' ban isn't necessarily reflective of how the public in that city — or any — feels about e-scooters. Despite the setback in Paris, transportation experts say electric vehicles of all sorts, from e-scooters, to e-bikes, to electric buses, are the future of transport in cities around the world.
☆ H&M’s targets may call the peak on cost inflation
  + stars: | 2023-03-30 | by ( ) www.reuters.com   time to read: +2 min
On Thursday, the $20 billion fast-fashion retailer said its sales rose by 3% year-on-year in the three months that ended in Feb. 28. More importantly, she is now targeting a 10% operating margin in 2024. The retailer’s operating margin halved in 2022 to 3.2% as the price of cotton, freight, staff and energy costs ate up a larger share of its revenue. Delivering a 10% operating margin next year would imply that she expects the worst to be over in terms of commodity-price inflation and a wider economic slowdown. H&M’s share price rose by 15% on Thursday.
☆ Alibaba breakup sends positive vibes to investors: podcast
  + stars: | 2023-03-30 | by ( Aimee Donnellan | ) www.reuters.com   time to read: 1 min
LONDON, March 30 (Reuters Breakingviews) - The $265 bln Chinese tech giant is splitting into six pieces. In this Viewsroom podcast, Breakingviews columnists discuss how the move could be replicated by peers like Tencent and how Beijing’s business charm offensive is sending the right signals to China watchers. Listen to the podcastFollow @aimeedonnellan on TwitterSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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