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☆ Her wife died and she went on a cruise. Then she met a fellow passenger who changed her life forever
▼ + stars: | 2024-11-08 | by ( Francesca Street | ) edition.cnn.com time to read: +27 min

“But Bobbi didn’t.”At the end of the 10-day cruise, Tam disembarked thinking how Bobbi was very different from their ex-husband. Tam & Bobbi WatermanAlmost 1,000 miles apart, Tam and Bobbi stayed in touch via instant messages and social media updates. Tam & Bobbi WatermanAs Bobbi started living authentically in 2023, she and Tam also started preparing for the trip of a lifetime. So when they learned about Royal Caribbean’s Ultimate World Cruise, a nine-month long world cruise setting sail in December 2023, the couple jumped at the chance. “That was the hardest thing on the world cruise, because my passport was my old name and my old gender.

Persons: Bobbi Waterman, Bobbi, Bobbi didn’t, didn’t, Tam Asbury, Tam, ” Bobbi, —, ” Tam, “ I’d, ”, they’d, “, I’d, Tam couldn’t, Bobbi hadn’t, ’ ”, “ Bobbi, Tam didn’t, We’ve, They’ve, who’d, “ Tam, ’ Tam, ‘, she’d, Tam’s, Bobbi’s, ” Tam’s, Tam Waterman, Bobby, ‘ You’re, ’ I’d, Bobbi Waterman Bobbi, NASA —, ’ ” Bobbi, She’d, “ I’ve, stepgranddaughters, she’s, You’ve, Bobbi Waterman “, you’ve, nothing’s, Tam marveled, ” They’re, there’s, ” “ Organizations: CNN, CNN Travel, NASA, ”, Skype, Amsterdam’s, Royal, Melbourne Airport, New Zealand, eBay, YouTube, Mount Fuji Locations: Fiji, American, Florida, Australia, Pacific, Melbourne, “, Amsterdam, Netherlands, Budapest, Hungary, Paris, Europe, London, Northern, Bobbi, Sydney, Perth, New, Connecticut, Alaska, Bobbi’s, Boulder , Colorado, Hawaii, America, Tam of Florida, Bobbi’s Florida, Mexico, Tam, Japan, Antarctica, Brisbane, Hong Kong, Vietnam, Grenada, Spain, Portugal

☆ Almaty, Kazakhstan: How a drab Soviet metropolis became Central Asia’s capital of cool
▼ + stars: | 2024-11-08 | by ( Joe Yogerst | ) edition.cnn.com time to read: +11 min

Almaty, Kazakhstan CNN —Several cities around the globe have reinvented themselves in recent years, but none more successfully than Almaty. Since the collapse of the USSR, Kazakhstan’s largest city (population 2.2 million and growing) has evolved from a drab, run-of-the-mill Soviet metropolis into the urban star of Central Asia. “It’s an incredibly livable city,” says long-time American resident Dennis Keen, a historic preservation advocate and founder of Walking Almaty. Over and underground artThe Abilkhan Kasteev State Art Museum is filled with more than 20,000 works of art. Other good collections include the Ihlas Museum of Folk Musical Instruments (in a Russian-style wooden mansion built in 1908) and the ethnographic artifacts of the Almaty Museum.

Persons: It’s, “, ”, Dennis Keen, ” Keen, “ It’s, Jama Nurkalieva, Charles O, Cecil, Alamy, Auyl, James Talalay, Lukas Bischoff, Keen, Roshcha Organizations: Kazakhstan CNN, Walking, Central, Cathedral, Astana, Tselinny Center of Contemporary, Dynamo, Prix Versailles, Park, Art, Louvre, Art Museum, Ihlas Museum, Folk, Almaty Museum, Eiffel, of Contemporary, Academy of Science, Turkish Airlines, Air Astana, Ritz, Carlton Locations: Almaty, Kazakhstan, USSR, Kazakhstan’s, Central Asia, Walking Almaty, “, Central Asian, China, Europe, Russian, Soviet Union, Shan, Lower Kolsai Lake, There’s, Soviet, Zholy, Almaty Metro, Almaly, Auezov, Istanbul, Beijing, Seoul , New Delhi, Bangkok, Arasan, Otrar, Lanzhou, Novotel, Darejani, Ascension

☆ The NFL is heading to Germany – and the country has fallen for American football
▼ + stars: | 2024-11-08 | by ( Eduardo Tansley | ) www.nytimes.com time to read: +11 min

The German balances punditry with his role as the commissioner of the European League of Football, a professional American football league founded in 2020 which has 18 teams split into three conferences. Paid options with increased coverage are now available through DAZN, the NFL League Pass, and RTL+. According to the NFL, there are approximately 19million fans in Germany, with 3.6m (18.9 per cent) following the NFL closely. The German Olympic Sports Confederation (DOSB) has 500 registered football teams with more than 70,000 members, according to sports marketing agency SPORTFIVE. There are 14 German players in the NFL Academy, based at Loughborough University in the United Kingdom.

Persons: Holt, ” Patrick Esume, Jürgen Kessler, Esume, ” Esume, Tom Brady, Sebastian Widmann, Daniel Jensen, ” Jensen, ”, Jakob Johnson, Marcel Dabo, Aaron Jones, Amon, Ra St, Brown, Gerrit Meier, Bjoern Werner, Markus Kuhn, Sebastian Vollmer, Duke Dennis, Ian Maule, Jensen, “, Meech Robinson Organizations: American, NFL, Allianz Arena, New York Giants, Carolina Panthers, Frankfurt’s Deutsche Bank Park, RTL, Athletic, Sky Sports, ITV, “, European League of Football, Getty, Hamburg Silver Eagles, Hamburg Blue Devils, Tampa Bay Buccaneers, Seattle Seahawks, Munich’s Allianz, Hamburg, NFL Europe, Bundesliga, Soccer, Bayern Munich, Bayer Leverkusen, Super, Kansas City Chiefs, Miami Dolphins, Sports Illustrated, Chiefs, New England Patriots, Dallas Cowboys, Pittsburgh Steelers, Patriots, Green Bay Packers, Giants, Indianapolis Colts, Minnesota Vikings, U.S . Army, Detroit Lions, Colts, Olympic Sports, SPORTFIVE, German Basketball Association, NBA, NFL Academy, Loughborough University, NCAA Division Locations: Germany, Europe, Munich, United Kingdom, American, U.S, DAZN, NFL Europe, German, Frankfurt, America, Mexico, “ St, Las Vegas, Los Angeles

☆ How prediction markets saw something the polls and pundits didn’t
▼ + stars: | 2024-11-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

The basic theory behind prediction markets is that a lot of people with money on the line can better predict an outcome than any one expert. “Financial markets are generally pretty efficient, and the evidence suggests that the same is true of prediction markets,” Eric Zitzewitz, an economics professor at Dartmouth, tells me. The shares trade between $0 and $1, and once the event is resolved, shares tied to the correct outcome pay out a dollar. If you bought Trump shares on Monday, when they were 58 cents, you can expect to make 42 cents on the dollar. Later that fall, the popular betting market PredictIt gave Hillary Clinton an 82% chance of beating Donald Trump.

Persons: CNN Business ’, pollsters, Donald Trump’s, Trump, Kamala Harris, PredictIt, Eric Zitzewitz, “, aren’t, Taylor Swift, Travis Kelce, You’re, Shayne Coplan, Harris, Coplan, ” Zitzewitz, ”, “ Brexit, Hillary Clinton, Donald Trump, Clinton, Nate Silvers, Ann Selzers, FiveThirtyEight Organizations: CNN Business, New York CNN, Wednesday, “, Dartmouth, Chiefs, Lions, Ravens, Trump, Bloomberg, CNBC, European Union Locations: New York, America, United Kingdom

☆ CEOs around the world started talking about Trump's tariffs as soon as he won
▼ + stars: | 2024-11-08 | by ( Polly Thompson | ) www.businessinsider.com time to read: +8 min

It is months before Trump's inauguration, but tariffs are already on the lips of global business leaders. AdvertisementAs soon as Donald Trump won reelection, CEOs worldwide discussed his plans for a new era of global tariffs. AdvertisementOn Wednesday, Oliver Zipse, chairman of BMW, downplayed fears over tariffs during a third-quarter earnings call, citing the company's large US business. Advertisement"Politics is politics," Ikea's CEO, Jesper Brodin, told Business Insider when asked about how Trump's tariffs would affect international business. Soon after Trump's departure from the White House, the two sides ended their dispute and axed the tariffs, but renewed tariffs could lead to issues once again.

Persons: Donald Trump, Ralph Lauren, —, Trump, he'd, John Deere, Trump's, Shinju Aoyama, Aoyama, Shinji Aoyama, YOSHIKAZU, Piyush Gupta, Gupta, Europe Trump, Davidson, Oliver Zipse, Zipse, Maja Hitij, Arne Freundt, Freundt, Jesper Brodin, Guillaume Faury, Faury, OZAN KOSE, Martin Sorrell, Sorrell, Justin Picicci, Ralph Lauren's, Picicci, Timothy Boyle Organizations: BMW, Airbus, Ikea, Service, Biden, Japan's Honda Motors, Honda, Getty, DBS, Mercedes, Volkswagen, Puma, European Union, Boeing, EU, White, North, Columbia, Washington Post Locations: China, Mexico, Europe, AFP

☆ A travel expert who has been to 55 countries says these pricey destinations are better during the fall shoulder season
▼ + stars: | 2024-11-08 | by ( Joey Hadden | ) www.businessinsider.com time to read: +2 min

Travel experts recommend visiting popular destinations during shoulder season for fewer crowds. Shoulder season, between the peak and offseason, offers less congestion and lower travel costs. Fall can be ideal for visiting US and European destinations with better weather and fewer tourists. Brandon Shaw, the cofounder and COO of The Tour Guy, recommends traveling during the shoulder season, or the time between a destination's peak season and the offseason, when travel is less popular and typically less expensive. AdvertisementTourism seasons vary depending on the location, but in many US and European destinations, shoulder season tends to land in the fall.

Persons: —, Brandon Shaw, Guy, Shaw Organizations: Service, Business, BI Locations: Rome, Europe

☆ Dollar winds down after volatile week, China NPC in focus
▼ + stars: | 2024-11-08 | by ( ) www.cnbc.com time to read: +4 min

The dollar further unwound some of its sharp gains from earlier in the week as traders closed out profitable bets on a Trump presidency after his election victory. That helped lift sterling back toward the $1.30 mark, while the yen similarly got some respite and hovered closer to the 153 per dollar level. Sterling last traded $1.2983, recovering from its fall to a roughly three-month low earlier in the week. Against a basket of currencies, the dollar ticked up 0.03% to 104.44, on track to gain just above 0.1% for the week. "All eyes are on what may emerge from China's policy toolkit after the conclusion of the NPC standing committee meeting."

Persons: Donald Trump's, Chancellor Olaf Scholz, Kerry Craig, Trump, Wells, Jay Bryson, Sterling, David Chao Organizations: White, National People's Congress, Trump, Federal Reserve, Morgan Asset Management, Traders, Bank of England, NPC, New Zealand, Asia Pacific, European Union Locations: U.S, Beijing, Germany, Wells Fargo, Japan, Invesco

☆ Why Russia's brain drain is the biggest problem facing its economy
▼ + stars: | 2024-11-08 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +6 min

Russia's brain drain has become its economy's biggest problem, an economist told Business Insider. The long-lasting nature of brain drain makes the issue more serious than, say, inflation, which could be remedied by central bank maneuvering. Over the next decade, Russia's economy could devolve into one dependent mainly on its natural resources rather than on the most innovative industries, Portes speculated. That's similar to what other economic forecasters have predicted, with some warning Russia's economy could become de-industrialized as its resources are siphoned off by the war. Advertisement"It will be reduced to a resource economy, a natural resource economy," he said of Russia's future.

Persons: —, Richard Portes, they've, Portes Organizations: Service, London Business School, Russia, French Institute of International Relations, Business, Institute of Economics, Russian Academy of Sciences, Labor, Russian, UC Berkeley Locations: Russia, Ukraine

☆ European markets expected to open in mixed territory after Fed, Bank of England cut interest rates
▼ + stars: | 2024-11-08 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

Skyscrapers on the skyline in the financial district of Frankfurt, Germany, on Monday, Nov. 4, 2024. European markets were expected to open in mixed territory on Friday, as investors awaited corporate results and reacted to quarter-point interest rate cuts from the U.S. Federal Reserve and Bank of England. It comes as market participants continue to take in political upheaval in Germany and Donald Trump's historic presidential election victory this week. Elsewhere, Asia-Pacific markets were mixed on Friday, with investors closely monitoring the final day of China's National People's Congress, which is expected to announce fiscal stimulus measures. On Wall Street, U.S. stock futures gained marginally after the S&P 500 and Nasdaq Composite notched fresh records in a post-election rally.

Persons: Germany's DAX, Donald Trump's, Chancellor Olaf Scholz, Christian Linder, Scholz Organizations: U.S . Federal Reserve, Bank of England, France's CAC, IG, People's Congress, Nasdaq Locations: Frankfurt, Germany, Asia, Pacific, U.S

☆ This French fighter jet Ukraine will get next can launch the stealthy Storm Shadow missiles that have frustrated Russia
▼ + stars: | 2024-11-08 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +6 min

France is going to send Ukraine Mirage fighter jets, the second Western jet type it will receive. The jets can carry Storm Shadow/SCALP missiles, and Ukraine's jets will reportedly have them. AdvertisementThe new Mirage fighter jets France promised to Ukraine will give it another combat platform able to launch the Western Storm Shadow missiles it has been using to frustrate Russia. AdvertisementIt is unclear how many Storm Shadow/SCALP missiles France may commit as part of the effort. It also not clear how many of the missiles Ukraine currently has.

Persons: —, Sébastien Lecornuhas, Storm, Tim Robinson, Gordon, Skip, Davis, Volodymyr Zelenskyy, Vitalii, JUSTIN TALLIS Organizations: Ukraine Mirage, Service, Storm, Shadow, YouTube, Ukrainian Air Force, Dassault Aviation, La Tribune, Russia, UK's Royal Aeronautical Society, US Army, Getty, BBC, Tribune, Politico, Biden Locations: France, Ukraine, Russia, Kyiv

☆ ‘Death by a thousand cuts’: How experts warn Trump could use an authoritarian playbook to go after the media
▼ + stars: | 2024-11-08 | by ( Hadas Gold | ) edition.cnn.com time to read: +8 min

Trump has praised the leaders of many of these nations, especially Hungary’s far-right prime minister Viktor Orbán. Those angles include attacking journalists, discrediting their reporting, applying pressure on media owners to induce self-censorship, launching legal challenges, and leveraging wealthy allies to buy up media outlets to turn them into government mouthpieces. Those outlets were then centralized into the powerful media conglomerate, the Central European Press and Media Foundation (KESMA). That hub now controls roughly 500 outlets, Wójcik said, “consolidating the majority of pro-government media under a single entity.”The few remaining independent media outlets that continue to operate in the country “face challenges, including legal obstacles and broadcast license denials,” Wójcik said. Kamenchuk also expressed optimism that the “levers and limits” on the executive branch enshrined in US law will work to protect the free press.

Persons: Donald Trump, Trump, Sharon Moshavi, “ It’s, ’, Viktor Orbán, “, Moshavi, ” Moshavi, Olga Kamenchuk, Kamala Harris, Harris, ” Kamenchuk, ” Anne Applebaum, ” Applebaum, who’s, Orbán’s, Anna Wójcik, Orbán, Wójcik, ” Wójcik, Mikhail Zygar, Der Spiegel, Vladimir Putin, ” “ Putin, ”, Putin, A.G . Sulzberger, ” Sulzberger, Applebaum, it’s, Kamenchuk Organizations: New, New York CNN, International Center for Journalists, Northwestern University, The Washington Post, Los Angeles Times, Kozminski University, “, Central European Press and Media Foundation, “ Journalists, CBS, New York Times Locations: New York, Europe, United States, Russia, Hungary, India, Poland, Washington, authoritarians, Russian

☆ Pompeii: Ancient DNA rewrites the stories of people buried by volcanic eruption
▼ + stars: | 2024-11-08 | by ( Ashley Strickland | ) edition.cnn.com time to read: +12 min

CNN —Ancient DNA has revealed surprises about the identities of some people who perished in the ancient Roman town of Pompeii after a volcanic eruption, overturning misconceptions about their genetic relationships, ancestry and sex. Ash and volcanic rock called pumice then covered Pompeii and its residents, preserving scenes of the victims of the city’s destruction like an eerie time capsule. While the Greeks, Etruscans and Samnites attempted to conquer it, Pompeii became a Roman colony, the study authors noted. In 2015, the Archaeological Park of Pompeii began efforts to restore 86 of the 104 casts originally made by Fiorelli. Together, park scientists and the study authors are working on a larger project to better understand the genetic diversity present in Pompeii during the Roman Empire.

Persons: Giuseppe Fiorelli, ”, David Reich, restorers, David Caramelli, Massimo Osanna, Gabriel Zuchtriegel, Valeria Amoretti, ” Caramelli, Reich, Steven Tuck, Tuck, ” Tuck, Caitie Barrett, Barrett, Homer’s “, Bacchus, Alissa Mittnik, “, ” Barrett, Michael Anderson, Anderson, ” Anderson Organizations: CNN, Harvard Medical School, Harvard University, University of Florence, Villa, Miami University in, Cornell University, Max Planck Institute, Evolutionary Anthropology, Harvard, San Francisco State University Locations: Pompeii, Naples, what’s, Italy’s Campania, Roman, Italy, Miami University in Ohio, archaeogenetics, Britain, North Africa, Alexandria, Egypt, Bay

☆ Stores don’t sell your favorite product anymore. That’s on purpose
▼ + stars: | 2024-11-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

That’s just one example of companies eliminating an endless assortment of products to boost profit. Hormel is cutting some pepperoni products. Cutting products boosted companies’ profit margins by 0.9% compared to 2019, L.E.K. The strategy is going to make customers’ choices “a little simpler” and reduce re-stocking work for store employees, he said. Companies can upset customers who are loyal to a specific version of a product, pushing them to switch to another brand or stores’ private-label versions.

Persons: New York CNN — Pepperoni, Applegate, Jennie, Hormel, ”, That’s, Gene J, Rob Wilson, Levi’s, Todd Vasos, Scott Olson, Gina Goetter, Bob Eddy, Taco Bell, David Garfield, “ We’ve Organizations: New, New York CNN, CNN, Companies, L.E.K, Consulting, Starbucks, Hasbro, Dollar, BJ’s Wholesale, Walmart Locations: New York, Turkey, mayo, Asia

☆ Cargo plane operators are on high alert after a string of suspected Russian sabotages
▼ + stars: | 2024-11-08 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

Fires at DHL warehouses this year may have been part of Russian sabotage operations, officials have said. AdvertisementSuspected Russian sabotage activities targeting the air freight industry have been on the rise this year, and the industry is preparing for further action. Speaking a few months after the DHL fires, the chief of the UK's MI6 intelligence service, Richard Moore, said he believed Russian intelligence services had "gone a bit feral." AdvertisementKremlin Spokesman Dmitry Peskov has denied Russia's involvement in sabotage operations in Europe. The Federal Office for the Protection of the Constitution, Germany's domestic intelligence services, and the BND declined to comment further.

Persons: —, Brandon Fried, Fried, Thomas Haldenwang, Haldenwang, Frank Umbach, Umbach, Richard Moore, Shashank Joshi, Joshi, Dmitry Peskov, KIRILL KUDRYAVTSEV, Keir Giles, Giles, that's Organizations: DHL, Service, Airforwarders Association, Street Journal, Financial, Energy, Security, University of Bonn, Rheinmetall, Royal United Services Institute, NATO, Military Counterintelligence Service, Federal Office, Getty Images, Chatham House's, Eurasia Program Locations: Europe, Russia, Moscow, Germany, America, Leipzig, Birmingham, Lithuania, North America, Russian, Ukraine, AFP, Chatham House's Russia

☆ Trump promised massive tariffs on imports but how he’ll pull it off is still being figured out
▼ + stars: | 2024-11-08 | by ( Kayla Tausche | ) edition.cnn.com time to read: +6 min

Washington CNN —Just days after winning a comeback election, President-elect Donald Trump is evaluating how his campaign promises might translate into policy. As a candidate, Trump pledged to slap 60% tariffs on all goods coming in from China and 10% tariffs on goods imported from all other countries. “The way that President Trump looks at tariffs are not in isolation. Trump’s economic advisers – and the president himself – view the forthcoming tariff revenue as a way to offset that cost. “If he can use the tariffs as a means to an end, he’ll do that.”CNN’s Katie Lobosco contributed to this report.

Persons: Washington CNN —, Donald Trump, ”, Trump, Kelly Ann Shaw, Hogan Lovells, –, ” Trump, Larry Kudlow, it’s, ” “, Karoline Leavitt, Vance, Jake Colvin, ” Colvin, “ That’s, Robert Lighthizer, Elon Musk, “, he’s, Katie Lobosco Organizations: Washington CNN, CNN, Trump, Republicans, Jobs, Tax, Center, Social Security, Advisers, “, National Foreign Trade Council, European Union, EU, EV Locations: China, Trump’s, America, Canada, There’s, Tesla

☆ The air freight industry is on high alert after fires at DHL warehouses were linked to Russian sabotage operations
▼ + stars: | 2024-11-08 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +6 min

☆ A pro-Trump European leader predicts he will abandon Ukraine: 'The Americans will quit this war'
▼ + stars: | 2024-11-08 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

He said that the US "will quit" the war and there's a "military defeat in Ukraine," per reports. AdvertisementHungary's leader, Viktor Orbán, has a chilling forecast: the US will abandon Ukraine under President-elect Donald Trump. Orbán's forecast comes as world leaders hold key meetings this week, in part to discuss the war in Ukraine. European leaders are convening at a European Council summit in Budapest on Friday, where they are expected to discuss security and geopolitics in Ukraine. Orbán was among the first European leaders to congratulate Trump on his victory.

Persons: Viktor Orbán, —, Donald Trump, Vladimir Putin's, Trump, Kamala Harris, Keith Kellogg, Fred Fleitz, Orbán, Axel Springer, Volodymyr Zelenskyy Organizations: Trump's, Service, Reuters, European Union, Trump, White, NATO, Street, National Security, Political Locations: Ukraine, Russia, Budapest, Europe

☆ Europe cannot finance Ukraine war if Trump pulls U.S. out of the conflict, Hungary's Orban warns
▼ + stars: | 2024-11-08 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Hungarian Prime Minister Viktor Orban attends ADF Talks as part of the Antalya Diplomacy Forum (ADF) at NEST Congress and Exhibition Center in Antalya, Turkiye on March 01, 2024. Europe alone cannot shoulder the financial strain of supporting Ukraine against the ongoing Russian invasion, Hungarian leader Viktor Orban said Friday, warning that closely-allied President-elect Donald Trump will likely steer Washington out of the conflict. "Europe alone cannot finance this war. He is a person who hates war, a real businessman who thinks that life and things go well when there is no war." On Thursday, Slovakian Prime Minister Robert Fico — whose country heavily relies on Russian hydrocarbons — questioned the European funding agenda.

Persons: Viktor Orban, Donald Trump, Orban, Kamala Harris, Robert Fico — Organizations: Antalya Diplomacy, Exhibition Center, Google, Trump, White, U.S, EU, Kiel Institute of, European Investment Bank, European Commission, Slovakian Locations: Antalya, Turkiye, Europe, Ukraine, Washington, Budapest

MUNICH — A U.S. citizen suspected of offering intelligence about the American military to China has been arrested in Frankfurt, German authorities said Thursday. Identified only as Martin D. under German privacy law, the federal prosecutors office said in a statement that the suspect “worked for the U.S. armed forces in Germany,” until recently. Prosecutors added that, as some point this year, the suspect “contacted Chinese government agencies and offered to provide them with sensitive U.S. military information for forwarding to a Chinese intelligence service.” They did not say when the offer took place. The suspect “obtained the information in question during his work with the U.S. armed forces,” prosecutors said, adding that investigators had searched his apartment. It added that she gave the information to a second Chinese national, named as Jian G., who is being prosecuted separately.

Persons: Martin D, “, ”, X, Jian G, Jian, Maximilian Krah Organizations: U.S, Prosecutors, Federal, of Justice Locations: MUNICH, China, Frankfurt, Germany, ”, Beijing, Leipzig, Halle, German

The three remaining ministers of the Free Democrats resigned in response, leading to the downfall of the government coalition. Scholz is expected to lead the country with a minority government, but the opposition is calling for an immediate no-confidence vote. Tobias Schwarz / AFP - Getty Images fileScholz’s left-leaning Social Democrats will now effectively lead a minority government with the remaining coalition partner, the environmentalist Greens. Lindner’s pro-business Free Democrats had rejected tax increases or changes to Germany’s strict self-imposed limits on running up debt. Scholz’s Social Democrats and the Greens wanted to see major state investment and rejected the Free Democrats’ proposals to cut welfare programs.

Persons: Chancellor Olaf Scholz, Christian Lindner, Scholz, Volker Wissing, Lindner, Frank, Walter Steinmeier, ” Scholz, Olaf Scholz, Tobias Schwarz, Friedrich Merz, Merz, “, ”, ” Merz, Achim Wambach, Donald Trump Organizations: Free Democrats, German Finance, AFP, Getty, Social Democrats, Greens, Christian Democrats, German Bundestag, Scholz’s Social Democrats, Leibniz Center for European Economic Research Locations: Berlin, German, Germany, “, Europe

☆ Trump victory deals latest severe blow to a struggling Germany
▼ + stars: | 2024-11-07 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Krisztian Bocsi | Bloomberg | Getty ImagesDonald Trump's election as U.S. President could mark yet another major blow for the struggling German economy. The print came after the German economy ministry in October said it was now expecting the country's economy will contract, rather than grow this year. Trump's victory could make matters worse. Reliance on exportsThe German economy is heavily reliant on exports — and Trump is set to slap tariffs and other restrictions on imports. The German statistics office Destatis last month said that the U.S.' importance as a trading partner for Germany has been growing.

Persons: Olaf Scholz, Germany's, Krisztian Bocsi, Donald Trump's, Moritz Schularick, Trump, Schularick, ifo, Morningstar DBRS, Lisandra Flach Organizations: Bloomberg, Getty, PMI, P Global, Hamburg Commercial Bank, Kiel Institute, Trump, Reliance, China, Beijing, Destatis, ifo Center, International Economics, European Union, EU Locations: Berlin, Germany, Federal Republic of Germany, Europe, U.S

☆ I'm an American who got citizenship in 2 European countries without setting foot in either one. Here's how I did it.
▼ + stars: | 2024-11-07 | by ( Jamie Davis Smith | ) www.businessinsider.com time to read: +6 min

However, after doing a lot of research and submitting so much paperwork, I was granted citizenship in Poland and Portugal before ever setting foot in either country. Most countries require original documents issued in that country, such as a birth certificate or baptismal certificate, to successfully apply for citizenship. It was worth it for me to look into alternative paths to citizenship, tooThere was a temporary law that helped me gain Portuguese citizenship. AdvertisementI was able to get Portuguese citizenship by proving I am a descendant of Sephardic Jews who were expelled from the Iberian Peninsula in the 15th Century. I didn't get Portuguese citizenship until nearly three years after I applied.

Persons: —, Steve Ballmer, isn't, Jamie Davis Smith, didn't Organizations: Service Locations: Poland, Portugal, United States, America, Spain, Franco, Austria, Germany

☆ Zelensky confirms deadly clashes with North Korean troops as Putin says he’s willing to talk with Trump
▼ + stars: | 2024-11-07 | by ( Helen Regan | ) edition.cnn.com time to read: +5 min

CNN —North Korean troops deployed to Russia’s Kursk region have fought Kyiv’s forces on the battlefield, Ukrainian President Volodymyr Zelensky said Thursday, adding that the clashes resulted in fatalities. Zelensky said 11,000 North Korean soldiers are in the region, where Ukraine’s three-month military incursion into Russian territory has stalled. The New York Times reported earlier this week that a number of North Korean troops had been killed in a limited engagement with Russian and Ukrainian forces, citing senior US and Ukrainian officials. US officials had warned that around 10,000 North Korean troops are in the Kursk region and would be expected to enter combat against Ukraine. But Zelensky fears a greater role for North Korean troops if its allies fail to exert more pressure on Putin.

Persons: Volodymyr Zelensky, Zelensky, ” Zelensky, ”, Donald Trump, Vladimir Putin, Maxim Shipenkov, Putin, Trump, JD Vance, Jill Dougherty, “, they’ve, Dougherty, – Putin Organizations: CNN, North, Russian Federation, New York Times, NATO, Republican, Getty, Trump, CNN Moscow, Georgetown University’s Center, East European Studies, Budapest Thursday, Ukraine, North Korean, Putin Locations: Russia’s Kursk, Ukrainian, Ukraine, Kursk, Budapest, Hungary, United States, Moscow, Pyongyang, Sochi, Black, Kyiv, Russia, ”, Donbas, Crimea, South Korea

☆ What Trump’s historic election victory means for the global economy
▼ + stars: | 2024-11-07 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +6 min

Nurphoto | Nurphoto | Getty ImagesDonald Trump's election victory over Vice President Kamala Harris marks a historic return to the White House — an extraordinary political comeback that is likely to have seismic ramifications for the global economy. The former president's litany of campaign pledges include steep tariffs, tax cuts, deregulation and a push to withdraw from key global agreements. Trump's favorite wordTrump has previously described "tariff" as his favorite word, calling it "the most beautiful word in the dictionary." And we don't see Trump's secondary tariff pledge — that baseline tariff, which would hurt European companies — as being all that feasible," Galbraith said. Analysts have warned that Trump's plan to impose universal tariffs are highly likely to raise prices for consumers and slow spending.

Persons: Donald Trump's, Kamala Harris, Trump, Lizzy Galbraith, Abrdn, Galbraith, CNBC's, Donald Trump, Ben May, Mitchell Reiss Organizations: Nurphoto, Getty, European Union, Bloomberg, Trump, Oxford Economics, Signum Global Advisors, Macquarie Group, Royal United Services Institute Locations: Binzhou, China, Florida, U.S, Mexico, Greensboro , North Carolina, Ukraine, Europe, Asia, Qingdao Port, Shandong province, Qingdao, American

☆ Beyond ASML: Goldman reveals its refreshed list of top European stocks — giving one 50% upside
▼ + stars: | 2024-11-07 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

ASML's net bookings for the third quarter were 2.6 billion euros ($2.79 billion), below the 5.6 billion euros penciled in by Wall Street analysts. ASML expects net sales for 2025 to come in at the lower of half of the 30 billion euros and 35 billion euros range it previously predicted. Coca-Cola HBC Goldman is betting on Coca-Cola HBC, also known as CCH, given its solid top-lines and strong margin uplift. This phenomenon — coupled with an improving product pipeline across brands — has pushed analyst Richard Edwards to an "above consensus view" on JD's LFL (like-for-like) sales growth. Edwards also expects space expansion and acquisitions to contribute to an average 10% sales growth from 2025 to 2027, above the consensus average of 7%.

Persons: ASML, Goldman Sachs, Goldman, Cola HBC Goldman, Olivier Nicolai, Richard Edwards, Edwards, — CNBC's Michael Bloom Organizations: Wall Street, ASML, Heineken, Philips, Cola HBC, Hellenic Bottling Company, JD Sports, Coca, CCH, London Stock Exchange, — Locations: U.S, British

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