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It is the 10th time she has boarded this first-of-its-kind project, known as the cultural center on wheels. "Its main purpose is to try to decentralize and make access to the arts more reachable", said the project's organizer, Anderson Mauricio. Paula Santos, young students, middle-aged commuters, a homeless man, all boarded the day Reuters visited. It couldn't be more beautiful," Paula Santos said. Reporting by Steven Grattan and Leonardo Benassatto in Sao Paulo; Editing by Gerry DoyleOur Standards: The Thomson Reuters Trust Principles.

☆ Cannes Film Festival 2023 kicks off with 'all killer, no filler' line-up
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +4 min

"We have 'Indiana Jones,' we've got Martin Scorsese's new film with Leonardo DiCaprio. Festival director Thierry Fremaux pushed back against criticism that Depp was a controversial choice for an opening-night film, telling Variety magazine the actor had not been banned from working. Other jury members include Brie Larson of "Captain Marvel" and Julia Ducournau, one of two women to win the Palme d'Or. Out of competition, Harrison Ford will return as adventurous archaeologist Indiana Jones, 15 years since the last film in the franchise, in the world premiere of "Indiana Jones and the Dial of Destiny" on Thursday. Festival organizers are concerned the unrest seen during the pension reform protests could also make its way to the festival, said Roxborough.

☆ End of Title 42 immigration policy has brought fewer migrants than expected, but overcrowding concerns remain
▼ + stars: | 2023-05-14 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +14 min

David Peinado Romero/Anadolu Agency/Getty Images Migrants carry a baby in a suitcase across the Rio Grande on May 10. Gary Coronado/Los Angeles Times/Getty Images Migrants wait to get paid after washing cars at a gas station in Brownsville on May 10. Andrew Caballero-Reynolds/AFP/Getty Images Migrants surrender to US Border Patrol agents after crossing the border in Yuma on May 10. Paul Ratje/Reuters Migrants wait to be processed by US Border Patrol agents in Santa Teresa, New Mexico, on April 26. Hudak warned in the filing that without measures to conditionally release some migrants, Border Patrol could have over 45,000 migrants in custody by the end of the month.

☆ Jim Cramer: An economic wave is about to hit that will be fantastic for investors
▼ + stars: | 2023-05-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

Ultimately, I have gotten to know my way around the CPI and it's a sloppy way to figure out pricing. Don't be frightened of the wave of deflation or misinterpret it as anything but fantastic for investors. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Mitsubishi Heavy expects record defence orders as Japan pours money into military
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +2 min

TOKYO, May 10 (Reuters) - Mitsubishi Heavy Industries (7011.T) on Wednesday said it expects to book record defence equipment orders this business year as Japan embarks on its biggest military expansion since World War Two. His company said it expects defence orders to jump by around a half to as much as 850 billion yen ($6.29 billion) in the first year of Japan's five-year $318 billion military build up which began in April. The maker of missiles, tanks, submarines and other defence equipment is Japan's biggest defence contractor, with military work accounting for around a tenth of overall revenue. Many other military contractors in Japan, however, have been hesitant to invest in defence businesses as they often represent a much smaller share of sales. Mitsubishi Heavy, which makes products ranging from air conditioners to nuclear reactors expects overall operating profit for the business year to increase by a half to 300 billion yen.

☆ When is Cannes Film Festival 2023 and what can we expect?
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +3 min

[1/6] The 75th Cannes Film Festival - The Palme d'Or Award - Cannes, France, May 17, 2022. Below are some facts about the Cannes Film Festival and this year's contenders. WHAT IS THE CANNES FILM FESTIVAL AND WHY IS IT CELEBRATED? Cannes is the world's biggest film festival, first conceived in 1939 as an alternative to the then-fascist-influenced Venice Film Festival. Other awards include the Grand Prix, jury prize, best director, best actor, best actress, best screenplay and best short film.

☆ Italian corporate activism has a long way to go
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +2 min

MILAN, May 10 (Reuters Breakingviews) - Fighting opaque governance at Italy’s state-backed companies is proving a tough nut to crack. That’s a victory for the Italian Treasury – the utility’s top investor with 23.6% – which managed to install oil and gas veteran Paolo Scaroni as chairman, along with other board members. The Italian state is in dire need of improving the way it picks its corporate representatives. But to confront Rome, investors will need to make a good case. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

“Our feet frozen, frozen, – the whole body frozen.”A tent encampment is seen along a street in Ciudad Juárez. Janeysi Games sits under a blanket strung to a wall to provide shade in Ciudad Juárez. “I want to cross, but not illegally,” said Janeysi Games, who reached Ciudad Juárez with her husband and daughter after taking a series of trains. A fire in Ciudad Juárez several weeks ago has made matters even harder, she said. And with more and more people arriving all the time in Ciudad Juárez, they will not be the last.

☆ US debt ceiling: How to trade off it
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +5 min

BlackRock says (BLK.N) it's been buying Treasuries in anticipation of an economic slowdown and a protracted debt ceiling fight. 2/ RAINY DAY DEFAULT PROTECTIONCredit default swaps (CDS), which work like insurance against a debt default, are seeing strong demand. "If debt ceiling concerns grow we think markets will price in more Fed rate cut expectations, which means 5-year yields would fall," said Miyairi. 5/ ALL THAT GLITTERSDeutsche Bank strategist Robin Winkler says a good hedge may be buying gold against the dollar, as it has the tightest relationship with newsflow around the debt ceiling. In August 2011, as a debt ceiling crisis prompted a U.S. credit rating downgrade, gold rose 11% that month alone.

And so whenever I get one of those notifications, I know I’m going to have a good time there. kevin roose[LAUGHS]: I actually don’t think I could’ve told you what IBM stood for. kevin rooseSo I’ve thought a lot and written a lot about how and when AI actually is a threat to jobs. The third category is just the jobs that I think are going to be protected, the jobs that we won’t let AI do. But I don’t actually think the speed of it matters at all.

☆ ‘The Melt Goes On Forever’ Review: David Hammons Makes, and They Take
▼ + stars: | 2023-05-04 | by ( Wesley Morris | ) www.nytimes.com time to read: +2 min

The title of this new documentary about the artist David Hammons is a mouthful: “The Melt Goes On Forever: The Art & Times of David Hammons.” It’s playing at Film Forum, and I don’t envy whoever has to make it fit the marquee. But they should figure that out because the title feels crucial to the aim of this movie, a sly, toasty, piquant consideration of Hammons’s conceptual art, the way it mocks and eludes easy ownership. Which is to say: the way his art is aware of — the way it’s often about — the stakes for Black people navigating the straits of the market. That piece is like a lot of Hammons’s work: tragicomic. It would have been enough to behold the assortment of thrilling footage of Hammons at work, in conversation and, in one contentious encounter, under interrogation by a group of students.

☆ Italy pushes to limit executive pay in listed state-run firms
▼ + stars: | 2023-05-04 | by ( Giuseppe Fonte | ) www.reuters.com time to read: +2 min

Top managers' multi-million euro salaries and handsome bonuses have come into focus at a time when Italian families are struggling with an inflation rate that neared 9% in April, well above the euro zone average. According to the government draft, the Treasury will work to "contain management costs" when shareholders vote on remuneration policies at state-controlled listed companies. Monte dei Paschi already applies curbs to executives' pay as a bank that was bailed out by the state in 2017. Under terms agreed with European Union authorities, the total remuneration of any MPS executive may not exceed 10 times the average salary of its employees in 2022. Additional reporting by Gavin Jones; Editing by Gavin Jones and Christina FincherOur Standards: The Thomson Reuters Trust Principles.

☆ Leonardo posts lower Q1 profits and earnings, but orders rise
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +2 min

ROME, May 3 (Reuters) - Italy's state-controlled defence and aerospace group Leonardo (LDOF.MI) on Wednesday posted lower first-quarter profits and earnings, but reported a jump in orders and confirmed financial targets for 2023. Net profit stood at 40 million euros ($44.2 million) compared to 72 million euros 12 months earlier, while earnings before interest, taxes and amortisation (EBITA) fell year-on-year by 20.5% to 105 million euros. Revenues were flat at around 3 billion euros, while new orders rose by 28.5% year-on-year to almost 4.9 billion euros "in particular thanks to the excellent performance of helicopters," the company said in a statement. In a company-provided consensus forecast, they had expected a quarterly net profit of 48 million euros and EBITA of 120 million euros, but revenues were correctly predicted at around the 3-billion-euro mark. The 2023 guidance includes a forecast for new orders at around 17 billion euros, revenues in the 15-15.6 billion euro range, EBITA at 1.26-1.31 billion euros and group net debt of about 2.6 billion euros.

☆ Google Promised to Defund Climate Lies, but the Ads Keep Coming
▼ + stars: | 2023-05-02 | by ( Nico Grant | Steven Lee Myers | ) www.nytimes.com time to read: +1 min

In October 2021, Google promised to stop placing ads alongside content that denied the existence and causes of climate change, so that purveyors of the false claims could no longer make money on its platforms, including YouTube. And yet if you recently clicked on a YouTube video titled “who is Leonardo DiCaprio,” you might have found a ramble of claims that climate change is a hoax and the world is cooling after a Paramount+ ad for the film “80 for Brady,” starring Lily Tomlin, Jane Fonda, Sally Field and Rita Moreno. Before another video that purported to detail “how climate activists distort the evidence,” some users saw an ad for Alaska Airlines. These are not aberrations, according to a coalition of environmental organizations and the Center for Countering Digital Hate. In a report released on Tuesday, researchers from the organizations accused YouTube of continuing to profit from videos that portrayed the changing climate as a hoax or exaggeration.

More than 11,000 film and television writers, who say their compensation doesn't match the revenue generated in the streaming era, are on strike for the first time since 2007-08. Most immediately, this will have a significant impact on late-night shows, where writers are tasked with crafting timely and topical jokes. That's because many shows and films have already wrapped production and will enter the marketplace unaffected by the strike. Instead, they feel they've been shortchanged on compensation as studios, networks and streaming platforms write a new rulebook in real time. Unlike the 2007 strike, writers currently have social media on their side and are rallying on platforms like Twitter, Instagram and TikTok to get their message out.

☆ America's broken housing market is making millennials and Gen Z lonelier
▼ + stars: | 2023-04-30 | by ( Eliza Relman | ) www.businessinsider.com time to read: +9 min

Loneliness is a perceived lack of connection — the discrepancy between the social connection someone has and the connection they want. Holt-Lunstad's widely-cited research has found that loneliness and social isolation have health impacts comparable to smoking 15 cigarettes a day. People who live in communities with more walkable neighborhoods, shared space, greenery, and diverse types of housing, feel more socially connected and less lonely. In her work, Peavey has come up with six design strategies for creating third spaces — places that aren't home, work, or school — to facilitate social connection. But neighborhoods need to be dense and walkable in order for people to easily access these places because cars and physical distance get in the way.

☆ Generali's No.3 investor Caltagirone withholds backing for 2022 accounts
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +2 min

MILAN, April 28 (Reuters) - Italian tycoon Francesco Gaetano Caltagirone, the third-largest investor in Generali (GASI.MI), on Friday withheld his approval for the insurer's 2022 accounts, two sources said, after attempting to bring about a management shake-up last year. They proposed an alternative candidate for the job but lost out in the April 2022 shareholder vote. During the AGM, Donnet said those results put Generali "in an excellent position" to achieve all the targets of its plan to 2024. In April last year, at the height of the shareholder clash, the 2021 accounts got around 85% of AGM votes. Italy's Benetton family, with a 4.8% stake, also challenged Donnet who had the support of Generali's top shareholder Mediobanca (MDBI.MI), which holds 13% of the insurer.

☆ Missile maker MBDA signs 1.9 billion pound deal with Poland
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +1 min

LONDON, April 28 (Reuters) - The UK arm of European missile maker MBDA on Friday agreed a 1.9 billion pound ($2.37 billion) deal with Poland to provide it with a British-designed air defence system, the British government said. "I am delighted that the UK and Poland’s deep and historic defence ties take another step forward with the signing of the largest ever UK defence export deal with Poland," British defence minister Ben Wallace said in a statement. The missile deal will see Britain deliver 22 Polish air defence batteries with British Common Anti-Air Modular Missiles (CAMMs) and launchers. The government said the contract would support more than 500 jobs at MBDA UK. The government said the British-designed CAMMs developed by MBDA UK are already deployed to Poland with the British Army to protect its airspace following Russia's invasion of Ukraine.

☆ The best of Milan Design Week 2023
▼ + stars: | 2023-04-27 | by ( Marianna Cerini | ) edition.cnn.com time to read: +8 min

Milan CNN —The design world’s largest annual fair enjoyed a return to full pre-pandemic form with its 2023 showcase, transforming the city of Milan with hundreds of exhibitions, site-specific installations, pop-ups and public projects. Almost everywhere, the focus was on sustainable design, circular economy, material innovation and artistry combining craft with innovation. Some of the most interesting ideas were those that looked at waste – literally – to rethink what design can do when it uses what is already there. Shown in various stages of decomposition, the chair challenged viewers to approach products with the end of their lifecycle in mind. Top image: One of two bags design legend Gaetano Pesce created for Bottega Veneta’s Milan Design Week installation.

☆ Argentina hikes interest rate 1,000 bps after peso slide -sources, traders
▼ + stars: | 2023-04-27 | by ( Jorge Otaola | ) www.reuters.com time to read: +2 min

With Argentina's inflation rate running at more than 100%, the country's central bank had already hiked the rate last week by 300 basis points to 81% in an effort to get it under control. "A rise of 1,000 basis points is expected and the Leliq (rate) will go up to 91%," one bank source told Reuters, adding: "Today the BCRA (central bank) shakes up the rate." A second source, an adviser at the central bank who asked not to be named, said its board had agreed to hike the rate to 91%. A higher interest rate offers more incentives to savers to keep their funds in pesos, strengthening the local currency, but weighs on borrowing and economic growth. The peso currency is also quickly losing value against the dollar.

☆ Powerful Brazilian lawmaker orders Americanas accounting probe
▼ + stars: | 2023-04-27 | by ( ) www.reuters.com time to read: +1 min

SAO PAULO, April 26 (Reuters) - The head of Brazil's lower house authorized on Wednesday the creation of a committee to investigate Americanas (AMER3.SA), the retailer at the center of a nearly $4 billion accounting scandal. Arthur Lira gave the green light to create the so-called CPI committee, which will include 27 federal lawmakers appointed by party leaders, the lower house said in a statement posted on its website. The legislative leader's decision comes months after accounting inconsistencies were revealed that forced the firm into bankruptcy. Last month, Americanas' former CEO Sergio Rial spoke at a Senate hearing about the retailer's financial meltdown. The current CEO, Leonardo Coelho Pereira, and the president of Brazil's banks federation Febraban, Isaac Ferreira, also attended.

☆ Fugees rapper convicted in US over lobbying campaigns with Malaysian financier
▼ + stars: | 2023-04-26 | by ( Sarah N. Lynch | Thomson Reuters | Sarah N. Lynch Is The Lead Reporter For Reuters Covering The U.S. Justice Department Out Of Washington | ) www.reuters.com time to read: +4 min

REUTERS/Nathan HowardWASHINGTON, April 26 (Reuters) - A jury on Wednesday convicted Grammy Award-winning rapper Prakazrel "Pras" Michel of The Fugees hip hop group on criminal charges that he conspired with a Malaysian financier to orchestrate a series of foreign lobbying campaigns aimed at influencing the U.S. government under two presidents. Low, who also faces separate federal charges in New York that he embezzled $4.5 billion from Malaysia's 1MDB sovereign wealth fund, remains at large. Because federal election law prohibits foreigners from donating to U.S. campaigns, prosecutors said Michel masked the source of the funds. "Once he gave me the money, it was my discretion how I spent the money because it's my money," Michel told the jury, describing the payment as "free money." On whether he failed to register as a foreign agent, Michel told jurors that his attorney George Higgenbotham never told him it was required by law.

☆ Sonic world of animals: Listen to an extinct bird's mating call
▼ + stars: | 2023-04-26 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

What’s sometimes lost in this feast for the eyes is the sonic world of animals — audible to humans in the case of birdsong. Source: British Library“Animals: Art, Science and Sound” showcases the British Library’s wildlife collection, which contains over 250,000 recordings of animals from around the world. Source: British LibraryThe species was declared extinct in 2000. The song of a nightingale Published by the Gramophone Company Ltd. in 1910, it was the first published recording of any animal. Source: British LibraryThe groundbreaking release marked the beginning of commercial wildlife recording that culminated in the 1970s.

☆ Movie stars who draw audiences to theaters are getting older, raising questions about young Hollywood's star power
▼ + stars: | 2023-04-24 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +3 min

A new study found the actors who are most likely to draw audiences to theaters are getting older. Most of the top 100 actors — with 13 exceptions — were age 40 or older, according to the study. 10 among Gen Z), Zendaya (No. 14 among Gen Z), Michael B. Jordan (No. But older actors also ranked highly with younger cohorts, including Hart and Sandler, who were the third and fifth biggest box-office draws respectively for Gen Z.

☆ Leonardo’s Ferry Left High and Dry by Global Warming and Red Tape
▼ + stars: | 2023-04-23 | by ( Jason Horowitz | ) www.nytimes.com time to read: 1 min

On a recent sunny morning on the banks of the Adda River in northern Italy, schoolchildren on a class trip to Imbersago — the “Town of the Ferry of Leonardo da Vinci” — gathered next to a moored boat and listened as a guide explained how the flights of the river’s birds, the formations of its rocks and the workings of its ships inspired Leonardo’s genius. “Why doesn’t it move?” one of the students interrupted, pointing to the ferry, which sat behind a chain and a sign reading, “Service suspended.” It looked like a deserted summer deck atop two rowboats. “The water needs to be high enough for the current to move it,” answered Sara Asperti, 45. “Also, they’re looking for a new ferryman. So if any of you are interested.”

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