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☆ Startups Want to Help Airlines Prevent Tech Meltdowns
▼ + stars: | 2023-01-14 | by ( Belle Lin | ) www.wsj.com time to read: +7 min

Airlines should take advantage of new cloud-based tools, industry consultants said, to help prevent the recent snafus brought on by the use of antiquated and siloed technology at Southwest Airlines Co. and the Federal Aviation Administration. Photo: JIM VONDRUSKA/REUTERSSanta Clara, Calif.-based Couchbase Inc., founded in 2011, said it helped United Airlines Holdings Inc. modernize its operations by providing a cloud-based database for its crew-scheduling software. United declined to comment on its operations technology. Airlines generate a massive amount of data every year from their aircraft, passengers, suppliers and internal operations. Gurobi Optimization LLC, a company that develops mathematical-optimization software for industries including aviation, said it provides optimization technology for airlines such as Air France-KLM.

☆ Romanian prosecutors take away luxury cars seized in Andrew Tate case
▼ + stars: | 2023-01-14 | by ( ) www.reuters.com time to read: +2 min

[1/3] Romanian officials transport the cars seized from Andrew Tate's compound to a storage location in Pipera, Ilfov, Romania, January 14, 2023. Inquam Photos/Octav Ganea via REUTERSVOLUNTARI, Romania, Jan 14 (Reuters) - Romanian authorities started on Saturday to take away luxury cars seized as part of criminal inquiry into alleged human trafficking that led to the arrest of divisive internet personality Andrew Tate. Romanian anti-organised crime prosecutors detained Tate, his brother Tristan and two Romanian female suspects on Dec. 29 on charges of forming a criminal gang to sexually exploit six women. Tate, a former contestant on the UK reality show Big Brother, gained notoriety for misogynistic remarks and hate speech. Tate, who holds U.S. and British nationality, has said women are partially responsible for being raped and that they belong to men.

☆ Rolls-Royce seeks to progress mini nuclear plants by site visits
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +2 min

Companies Rolls-Royce Holdings PLC FollowLONDON, Jan 13 (Reuters) - British engineering company Rolls-Royce (RR.L) has begun to assess potential sites for mini nuclear reactors it aims to connect to the country's power grid by the end of the decade. Britain also needs to replace ageing nuclear plants as all but one of its nuclear sites, which generate around 13% of the country's electricity, are scheduled to close by 2030. The power plants will be about the size of two soccer fields and power one million homes. Rolls-Royce has short-listed three sites for the factory to make the SMRs, two in the northeast of England and one in north Wales. Reporting by Sarah Young Editing by David Goodman and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

☆ See inside 7 luxurious electric cars coming in 2023, from a $400,000 Rolls-Royce to the 200-mph Lucid Air Sapphire
▼ + stars: | 2023-01-12 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

Just like Hyundai's other EVs, it'll get super-fast charging capability. It'll be able to recharge from 10%-80% in just 18 minutes using a 350-kilowatt charging station, Genesis says. The Genesis Electrified GV70.

☆ 'Entourage' star Adrian Grenier traded Hollywood for a Texas ranch. Read the 21-page deck that helped him launch a production company and inspire others to embrace sustainable living.
▼ + stars: | 2023-01-12 | by ( Reed Alexander | ) www.businessinsider.com time to read: +5 min

Adrian Grenier, star of HBO's hit series "Entourage," now lives at Kintsugi, a ranch outside Austin. He's taking viewers into his sustainable lifestyle with a new production company, Earth Speed Media. "Entourage" star Adrian Grenier went from La La Land — to working the land. Named Kintsugi, a Japanese word for a traditional art of repairing pottery, the ranch is a far cry from life in Hollywood. To coincide with Earth Speed Media's launch, the company shared the deck that helped it raise more than $150,000 in pre-seed funding last year.

☆ Porsche sees small uptick in global sales despite big drop in Taycan EV
▼ + stars: | 2023-01-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Porsche managed to increase its global deliveries last year by 2.6% despite worldwide supply chain issues that crippled other carmakers as well as sales of its first all-electric car. Porsche's U.S. sales outpaced an estimated 8% to 9% decline in overall auto sales in 2022. Leading Porsche's slight rise in sales last year was a 13% increase in overseas and emerging markets, followed by an uptick of 5.8% in Europe. Most other models experienced notable declines, including a roughly 23% drop in sales of Porsche's all-electric Taycan to 7,271 units. The carmaker said the decline in Taycan sales, including a 16% drop globally, was "due to supply chain bottlenecks and limited component availability."

☆ Bentley cruises to record sales in 2022 despite China drop
▼ + stars: | 2023-01-10 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

LONDON, Jan 10 (Reuters) - British luxury carmaker Bentley on Tuesday reported record vehicle sales for 2022, with strong demand offsetting a 9% drop in China caused by coronavirus-related lockdowns. "In what was another year of unpredictability, the business overcame significant headwinds and demonstrated great resilience to deliver the third consecutive record sales year," Bentley CEO Adrian Hallmark said in a statement. The company reported sales growth in every regional market except China. This lifted Bentley's average pre-tax sales price nearly 30% to 220,000 euros ($236,500) a car in 2022 from 170,000 euros in 2018. This week another German-owned British luxury brand, BMW (BMWG.DE) unit Rolls-Royce, reported record sales for 2022 with an average price tag of around $534,000 for its luxury cars, also despite a drop in Chinese demand.

☆ Rolls-Royce, Bently and Lamborghini had record sales last year, again
▼ + stars: | 2023-01-10 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +4 min

Rolls-Royce, Bentley and Lamborghini, car brands that cater to billionaires, had record sales again last year. In fact, it was the third record year in a row for Bentley and the second consecutive record for Rolls-Royce and Lamborghini. The Lamborghini Urus SUV accounted for more than half of that brand’s sales last year while, for Bentley, the Bentayga accounted for 42% sales. The Rolls-Royce Cullinan SUV accounted for nearly half of that brand’s sales last year. The amount of money Rolls-Royce customers paid for options on their cars and SUVs rose to record levels last year.

☆ Consumer stocks drag FTSE 100 lower amid recessionary jitters
▼ + stars: | 2023-01-10 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

SummarySummary Companies FTSE 100 down 0.3%, FTSE 250 off 0.4%Robert Walters down on profit warningInvestors await Fed Chair speechJan 10 (Reuters) - Britain's FTSE 100 retreated from a three-and-a-half-year high on Tuesday, led by consumer stocks amid recession worries, after hawkish comments from two U.S. Federal Reserve officials raised worries about future rate hikes. The blue-chip FTSE 100 (.FTSE) declined 0.3%, while the domestically focussed FTSE 250 mid-cap index (.FTMC) fell 0.4%. On Monday, Fed officials said inflation data due later this week would sway the central bank's decision about rate hikes. Among individual stocks, recruiter Robert Walters (RWA.L) slumped 8.1% after the company warned that its full-year profit was expected to be slightly below market expectations. Reporting by Shashwat Chauhan in Bengaluru; Editing by Dhanya Ann Thoppil and Subhranshu SahuOur Standards: The Thomson Reuters Trust Principles.

☆ Rolls-Royce rides ongoing luxury demand to sales record in 2022
▼ + stars: | 2023-01-09 | by ( Nick Carey | ) www.reuters.com time to read: +1 min

LONDON, Jan 9 (Reuters) - Rolls-Royce on Monday reported record sales last year despite an average price tag of around $534,000 for its luxury cars and a drop in Chinese demand, with orders stretching into 2023. Rolls-Royce's sales were led by the Americas, with the U.S. remaining its top market with around 35% of sales. In China, the carmaker's second-largest market, coronavirus-related lockdowns led to a "single-digit drop" in sales. Rolls-Royce said that pre-orders for its fully-electric Spectre, due to go on sale at the end of 2023, had exceeded all of its expectations. Müller-Ötvös said the luxury brand's bespoke, customised approach had lead to "ever more imaginative, personal and technically demanding" orders from customers.

☆ Rolls-Royce sees record sales in 2022
▼ + stars: | 2023-01-09 | by ( Darren Geeter | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRolls-Royce sees record sales in 2022Rolls-Royce sold a record number cars in 2022 as demand for its $500,000 vehicles remained strong. The company said the average price of a Rolls Royce soared to $534,000 last year — thanks largely to its customization program known as Bespoke.

☆ High-end car manufactures report record numbers
▼ + stars: | 2023-01-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHigh-end car manufactures report record numbersCNBC's Robert Frank joins 'The Exchange' to discuss Rolls-Royce's record breaking numbers in 2022, the strong demand for high-end vehicles and the top market for EV luxury vehicles.

☆ NBA roundup: Nets sneak by Heat in final seconds
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +7 min

The Nets, who have won 14 of their past 15 games, also got 13 points, 11 rebounds and three blocks from Nic Claxton. 76ers 123, Pistons 111James Harden delivered a triple-double with 20 points, 11 rebounds and 11 assists, Tyrese Maxey had 23 points and visiting Philadelphia rolled past Detroit. Gary Trent Jr. had 19 points, Fred VanVleet had 14 points and seven assists and O.G. Anfernee Simons added 22 points, Josh Hart had 18 points, Jusuf Nurkic had 14 points and 18 rebounds and Jerami Grant also scored 14 points for Portland. Luguentz Dort added 18 points for the Thunder.

☆ Rolls-Royce sees record sales 2022, no slowdown in spending by the wealthy
▼ + stars: | 2023-01-09 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Rolls-Royce sold a record number cars in 2022 as demand for its $500,000 vehicles remained strong, despite recession fears, according to CEO Torsten Muller-Otvos. "We haven't seen seen any slowdown or downturn," Muller-Otvos told CNBC. Still, the U.S. was the largest market overall for Rolls-Royce in 2022, accounting for nearly 35% of its global sales, Muller-Otvos said. China, its second-largest market, saw a slight decline in sales but still claimed 25% of global sales and posted its second-strongest year for the company. The company's SUV, the Cullinan, was its best seller in 2022 making up about half of global sales, Muller-Otvos said.

☆ NBA roundup: Hornets come out firing, blow out Bucks
▼ + stars: | 2023-01-07 | by ( ) www.reuters.com time to read: +7 min

Tyrese Maxey led the Sixers with 26 points and Tobias Harris had 22 points and 11 rebounds. Romeo Langford added 15 points for San Antonio, with Malaki Branham hitting for 14 and Jeremy Sochan 10. Daniel Gafford had 15 points and nine rebounds, and Kristaps Porzingas added 14 points and 10 rebounds. John Wall had 14 points and eight assists, and Moses Brown produced 14 points and 11 rebounds. Bam Adebayo recorded 21 points and 11 rebounds and Jimmy Butler added 20 points and six assists for the Heat.

☆ Oil stocks lift London shares on first trading day of 2023
▼ + stars: | 2023-01-03 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies FTSE 100 up 1.4%, FTSE 250 adds 1.3%Jan 3 (Reuters) - UK's exporter-heavy FTSE 100 jumped 1.4% on Tuesday, marking a strong start to the New Year, as energy stocks rallied and investors waited for manufacturing data due later in the day. The blue chip FTSE 100 (.FTSE) rose 1.4% by 0820 GMT after far outperforming regional peers with a 0.9% rise in 2022. The more domestically-focused FTSE 250 midcaps (.FTMC) rose 1.1%, while the broader pan-European STOXX 600 (.STOXX) gained 0.7%. As crude prices rose, oil majors Shell (SHEL.L) and BP (BP.L) gained in early trading, pushing the broader energy sector (.FTNMX601010) up 4.2%. Rolls-Royce (RR.L) rose 4.9% to top the FTSE 100, after Jefferies raised the airplane engine maker to "buy" from "hold".

☆ Just 1% of applicants make it into Lazard's summer internship program. The boutique bank's head of campus recruiting shares 5 tips for aspiring financiers looking to ace the interview.
▼ + stars: | 2023-01-03 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +10 min

Applications for Lazard's summer analyst program are about to open, along with the rest of Wall St.Danielle Dodgen, head of US campus recruiting at Lazard, shares her pro tips for candidates. Danielle Dodgen, head of US campus recruiting at the bank, sat down with Insider to give her top tips for a successful interview. Not understanding what makes Lazard different from its competitors, or different from bulge brackets, are also common hurdles for candidates, Dodgen said. "It's important to us to get to know candidates in person and have those in-person touchpoints," she said. "We don't expect candidates to get 100% of the questions right in an interview," Dodgen said.

☆ The most ridiculous ways accused Capitol rioters got caught, from bad Bumble matches to an unbelievable Uber ride
▼ + stars: | 2023-01-02 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +13 min

Without further adieu: The least surprising ways Capitol rioters got caught. 2 accused rioters made big Bumble blundersThese accused rioters' reach for romance landed them in trouble with the law. Officials charged Alam with several counts last year and he pleaded guilty to all charges in December 2021, according to the Justice Department. An unbelievable Uber ride was this accused rioter's downfallAlleged defendant Jerry Daniel Braun was turned in by his get-away car driver, according to court documents. "Well, because, so we could get to the Capitol," Braun replied.

☆ NBA roundup: Luka Doncic posts 51 in win over Spurs
▼ + stars: | 2023-01-01 | by ( ) www.reuters.com time to read: +8 min

Keldon Johnson led the Spurs with 30 points, while Sochan added 20. Markkanen led the Jazz with 29 points and 14 rebounds, and Clarkson netted 22 points in Utah's fourth consecutive loss. Kevin Love added 20 points and nine rebounds for the Cavaliers, who survived a rough night from star Donovan Mitchell. Randle added 12 rebounds and six assists for the Knicks, who were without starters Jalen Brunson and RJ Barrett. LaMelo Ball's 23 points and 11 assists and Mason Plumlee's 22 points and 10 rebounds led the Hornets.

☆ Queen guitarist May, soccer Lionesses named in king's New Year honours
▼ + stars: | 2022-12-30 | by ( ) www.reuters.com time to read: +2 min

Denis Pellerin/Handout via REUTERSLONDON, Dec 30 (Reuters) - Britain recognised Queen guitarist Brian May, several English "Lionesses" who won the European women's soccer championship and diplomats involved in the response to Russia's invasion of Ukraine in King Charles' first New Year's honours list. Four members of the England women's soccer team received honours, with captain Leah Williamson awarded an OBE, while the tournament's golden boot winner Beth Mead, defender Lucy Bronze and all-time top scorer Ellen White received MBEs. The team's coach, Dutch national Sarina Wiegman, received an honorary CBE - a type of award given to foreign nationals. Queen Elizabeth died in September, making the New Year's honours the first to be awarded by King Charles since he came to the throne. The list is drawn up by independent committees, before it is approved by the prime minister and the monarch.

OTTAWA, Dec 21 (Reuters) - Canada's annual inflation rate eased to 6.8% in November as gasoline price rose more slowly, data showed on Wednesday, leaving the door open for another interest rate increase in January. Consumer prices rose 0.1% from October, Statistics Canada said, above analysts' expectations they would be flat. Excluding food and energy, prices rose 5.4% versus a 5.3% gain in October. "Today's data will leave the door open to a 25 basis point rate hike in November," said Royce Mendes, head of macro strategy at Desjardins Group. Gasoline prices rose 13.7% after gaining 17.8% in October, largely driven by price declines in Western Canada, Statscan said.

☆ Canada October retail sales up 1.4% on gasoline, seen down 0.5% in November
▼ + stars: | 2022-12-20 | by ( Steve Scherer | ) www.reuters.com time to read: +2 min

October retail sales gained the most in five months, though it was a notch lower than the 1.5% rise forecast by analysts. September's decline was revised downward a decimal point to 0.6% from a previously reported drop of 0.5%, Statistics Canada said. October sales were driven mostly by price increases at gasoline stations and in food and beverage, Statistics Canada said. In volume terms, retail sales were flat. "Retail sales posted a solid increase in October, though the gain came from higher prices, particularly at gasoline stations," Shelly Kaushik, an economist at BMO Capital Markets, said in a note.

☆ Faraday Future slides on signaling need for funds to start production
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +1 min

Dec 16 (Reuters) - Shares of Faraday Future Intelligent Electric (FFIE.O) tumbled 21% premarket on Friday after the company unveiled production plans for its much-delayed luxury electric car that hinged on securing additional financing. The company is in talks with new and existing investors to raise the $150 million to $170 million in capital needed to start production in March and deliveries a month later of the FF 91 Futurist, Faraday disclosed on Thursday. The company, which said it required investors to approve an increase in the number of shares to secure the financing, is also grappling with top-level changes. Last month, the board appointed Faraday Future's China Chief Executive Xuefeng Chen as its global CEO after Carsten Breitfeld was asked to resign. Reporting by Akash Sriram in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Japan, Britain and Italy to build jet fighter together
▼ + stars: | 2022-12-09 | by ( ) www.nbcnews.com time to read: +4 min

Japan, Britain and Italy are merging their next-generation jet fighter projects in a ground-breaking partnership spanning Europe and Asia that is Japan’s first major industrial defense collaboration beyond the United States since World War II. Amid what it sees as deteriorating regional security, Japan this month will announce a military build up plan that is expected to double defense spending to about 2% of gross domestic product over five years. “It’s also good for our international reputation”The proposed jet fighter aircraft Tempest, shown during the Farnborough Airshow, in southern England in July. Britain also wants Japan to improve how it provides security clearances to contractors who will work on the aircraft, sources with knowledge of the discussions told Reuters. “The United States supports Japan’s security and defense cooperation with likeminded allies and partners, including with the United Kingdom and Italy,” the U.S. Department of Defense said in a joint statement with Japan’s Ministry of Defense.

TOKYO/LONDON, Dec 9 (Reuters) - Japan, Britain and Italy are merging their next-generation jet fighter projects in a ground-breaking partnership spanning Europe and Asia that is Japan's first major industrial defence collaboration beyond the United States since World War Two. Amid what it sees as deteriorating regional security, Japan this month will announce a military build up plan that is expected to double defence spending to about 2% of gross domestic product over five years. Britain also want Japan to improve how it provides security clearances to contractors who will work on the aircraft, sources with knowledge of the discussion told Reuters. The United States, which has pledged to defend all three countries through its membership of NATO and a separate security pact with Japan, also welcomed the joint Europe-Japan agreement. "The United States supports Japan's security and defence cooperation with likeminded allies and partners, including with the United Kingdom and Italy," the U.S. Department of Defense said in a joint statement with Japan's Ministry of Defense.

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