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☆ Germany’s China policy caps pain for its companies
▼ + stars: | 2023-07-14 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

Back then one idea was to aggressively push for companies to disclose details of their China business, and even to stress-test their exposure, according to a draft seen by Reuters. The compromise likely stems from the realisation that China is simply too strategic to quit quickly without inflicting significant pain. The People’s Republic is also Volkswagen's largest market, accounting for around 40% of Volkswagen's global unit sales in 2022. Even so, executives will be relieved they can for the most part undertake China de-risking at their own pace. Reuters Graphics Reuters GraphicsFollow @ywchen1 on TwitterCONTEXT NEWSGermany’s first China strategy, published on July 13, outlined possible responses to an "increasingly assertive" Beijing, such as adjusting export controls and outbound investment restrictions.

Persons: Martin, Thomas Schäfer, Brudermüller, “, Li Qiang, George Hay, Streisand Neto Organizations: Reuters, BASF, Volkswagen, Greens, Reuters Breakingviews, BASF ”, ifo, Reuters Graphics Reuters, Union, VW, European Union, Thomson Locations: China, Berlin, People’s Republic, Brussels, Washington, Taiwan, Republic, Germany, Beijing

☆ Germany’s China policy makes life easier for its companies
▼ + stars: | 2023-07-14 | by ( Yawen Chen | ) www.reuters.com time to read: +4 min

Back then one idea was to aggressively push for companies to disclose details of their China business, and even to stress-test their exposure, according to a draft seen by Reuters. The compromise likely stems from the realisation that China is simply too strategic to quit quickly without inflicting significant pain. A survey conducted by the ifo Institute showed that half of German firms in the manufacturing sector currently depend on important intermediate inputs from China. Even so, executives will be relieved they can for the most part undertake China de-risking at their own pace. Follow @ywchen1 on TwitterCONTEXT NEWSGermany’s first China strategy, published on July 13, outlined possible responses to an "increasingly assertive" Beijing, such as adjusting export controls and outbound investment restrictions.

☆ EU Parliament backs landmark law to restore Europe's nature
▼ + stars: | 2023-07-12 | by ( Caolán Magee | ) edition.cnn.com time to read: +3 min

CNN —The European Parliament on Wednesday voted in favor of legally binding targets to protect and restore nature in the European Union, despite strong opposition from some policymakers. The flagship EU nature law will also require countries to introduce measures to restore nature on a fifth of their land and sea by 2030. It is the first major piece of legislation to protect biodiversity in the EU in the last 30 years, according to Greenpeace. Swedish climate campaigner Greta Thunberg reacts as she attends a voting session on EU nature restoration law during a plenary session at the European Parliament in Strasbourg. Frederick Florin/AFP/Getty ImagesEU lawmakers and member countries will now negotiate the final text, aiming for a deal before EU Parliament elections in 2024.

Persons: what’s, Špela, Manfred Weber –, Manfred Weber, Mykhaylo Palinchak, ”, Ireland’s Frances Fitzgerald, “, ” Fitzgerald, Greta Thunberg, Frederick Florin Organizations: CNN, European Union, Greenpeace, Greenpeace’s, European People’s Party, EPP, EU Parliament’s, Twitter, Socialists, Democrats, Greens, Getty, European Environment Agency Locations: EU, Greenpeace’s Central, Eastern Europe, Europe, Swedish, Strasbourg, AFP

☆ The Genesis Scottish Open Rises in Stature
▼ + stars: | 2023-07-12 | by ( Paul Sullivan | More About Paul Sullivan | ) www.nytimes.com time to read: +1 min

The Renaissance Club, the site of the Genesis Scottish Open that begins on Thursday, looks like it’s been there for hundreds of years, like so many other great links courses in Britain. Like all true links courses, it winds along the coast with few trees; wind, rain, heat and cold become issues for players. It has firm fairways that can kick a well-hit drive forward an extra 50 yards or punish an equally well-struck shot with an unlucky bounce. Muirfield, home of the Honourable Company of Edinburgh Golfers and regular host of the British Open, abuts the course. And down the road is North Berwick Golf Club, where the sport has been played since 1832.

Organizations: Renaissance, Genesis Scottish, Honourable Company, Edinburgh Golfers, North Berwick Golf Club Locations: Britain, North Berwick

☆ German cabinet to pass China strategy on Thursday - government sources
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +1 min

BERLIN, July 12 (Reuters) - The German cabinet is to pass its long-promised China strategy on Thursday, two government sources told Reuters, after Chancellor Olaf Scholz's government last year ordered a review of how Germany interacts with its biggest trade partner. Scholz has repeatedly emphasised "de-risking" Germany's relationship to China, viewed by Berlin as an increasingly assertive competitor and strategic rival, thereby reducing dependencies on the country gradually rather than decoupling from the Chinese market. Among the changes under consideration are export controls, as well as the screening of investments by German companies doing business in China to protect the flow of sensitive technology and know-how. Germany's VDMA engineering industry association released a statement on Wednesday outlining its stance on the government's forthcoming strategy. "There must be no intervention in the export business or isolation from China," said VDMA President Karl Haeusgen.

Persons: Chancellor Olaf Scholz's, Scholz, Karl Haeusgen, Andreas Rinke, Friederike Heine, Miranda Murray, Nick Macfie Organizations: Greens, Thomson Locations: BERLIN, China, Germany, Berlin

☆ The global golf megamerger looks even more confounding after a 3-hour grilling in front of Congress
▼ + stars: | 2023-07-12 | by ( Cork Gaines | ) www.businessinsider.com time to read: +5 min

Big questions remain, especially as to why the PGA Tour took the Saudi money without looking elsewhere. The PGA Tour's deal with LIV Golf and Saudi Arabia's Public Investment Fund (PIF) is just an agreement to seek an agreement. This all started when LIV Golf, with golf legend Greg Norman at the lead, started offering PGA Tour players vast sums of money to jump to the new Saudi-backed golf league. The PGA Tour, a non-profit, just did not have the resources to compete with the deep pockets of the Saudis. PGA Tour Commissioner Jay Monahan has yet to testify before Congress.

Persons: LIV Golf, Greg Norman, Sergio Garcia, LIV, Chris Trotman, Sen, Richard Blumenthal, Conn, Tom Williams, Jodi Balsam, Balsam, Jay Monahan, Rob Carr, Jimmy Dunne, Eamon Lynch, Golfweek, Lynch, It's Organizations: Service, LIV, Tour, PGA Tour, Saudi Arabia's Public Investment Fund, PGA, Royal Greens, & Country Club, King Abdullah Economic, Inc, Getty, Brooklyn Law School, NBA Locations: Wall, Silicon, Saudi, Jeddah, King Abdullah, King Abdullah Economic City, Saudi Arabia, PIF

ZURICH, July 11 (Reuters) - A rare Swiss parliamentary investigation due to start this week aims to establish what went wrong before the dramatic fall of Credit Suisse, once Switzerland's second biggest bank. It was apparent that Credit Suisse was in difficulties over the last two years after a string of scandals, with customers withdrawing money on a massive scale at the end of 2022. Could the central bank have done more, for example by promising Credit Suisse unlimited liquidity to reassure customers and stem the outflow of funds? It is unclear whether Credit Suisse and UBS executives are obliged to appear if asked, but they are expected to do so due to intense political and public pressure. POSSIBLE OUTCOMESWhile some experts have said the inquiry offers the Swiss authorities an opportunity to redeem themselves, others have warned it could simply become political theatre.

Persons: Peter V Kunz, Isabelle Chassot, Franziska Ryser, John Revill, Tomasz Janowski, Alexander Smith Organizations: Credit Suisse, UBS, Bern University, Swiss, Swiss National Bank, Suisse, Swiss People's Party, Social Democrats, Greens, Green Liberals Party, Thomson Locations: ZURICH, Swiss, Switzerland, Mitte

☆ LIV Golf season-ending championship moved from Saudi Arabia to Trump National Doral
▼ + stars: | 2023-07-11 | by ( Jack Bantock | ) edition.cnn.com time to read: +2 min

CNN —The final event of the 2023 LIV Golf season has been switched from Saudi Arabia to Trump National Doral in Florida, organizers announced Monday. Royal Greens Golf & Country Club in Jeddah will now host the final individual event of the LIV Golf season. Tom Dulat/Getty ImagesThe 12 four-man teams will be seeded for the head-to-head team championship based on their finishing positions in the regular season. Two LIV Golf events have been hosted since June’s announcement of a reconciliatory partnership between the breakaway tour, the PGA Tour and the DP World Tour. On Tuesday, two PGA Tour officials are set to testify before a US Senate panel regarding the proposed merger.

Persons: Donald Trump’s, LIV, Tom Dulat, LIV Golf’s, Dustin Johnson, Patrick Reed, Talor Gooch, Pat Perez, Johnson’s, Gooch, Australia’s Cameron Smith, Brooks Koepka, Randall Stephenson – Organizations: CNN, Trump National Doral, Jeddah’s Royal Greens, Country Club, LIV, Royal Greens, & Country Club, PGA Tour, PGA Locations: Saudi Arabia, Florida, Donald Trump’s Miami, Jeddah, Saudi

MONTPELIER, Vermont, July 11 (Reuters) - A Vermont reservoir threatened to overwhelm a dam protecting the state's capital on Tuesday and exacerbate "catastrophic" flooding that has already shut roadways leading out of town and trapped people in their homes. The North Branch converges with a second, larger branch of the Winooski near the Vermont statehouse. "Make no mistake, the devastation and flooding we're experiencing across Vermont is historic and catastrophic," Vermont Governor Phil Scott said at a briefing Tuesday. [1/8]People paddle a kayak down a street flooded by recent rain storms in Montpelier, Vermont, U.S., July 11, 2023. The city's topography - bordered by hills with the downtown in a valley - increases the potential for flooding, Montpelier City Council member Conor Casey said.

Persons: Phil Scott, William Fraser, Brian Snyder, Jack McCullough, McCullough, Mike Cannon, Irene, Conor Casey, Casey, Janet Boyd, Boyd, Brendan O'Brien, Rich McKay, Rachel Nostrant, Daniel Trotta, Devika Syamnath, Bill Berkrot, Sandra Maler Organizations: Branch, National Weather Service, Vermont statehouse, REUTERS, CNN, Thomson Locations: MONTPELIER , Vermont, Vermont, Montpelier, United States, Florida , Texas, California, U.S, New York , Massachusetts, Connecticut, Montpelier City, Montpelier , Vermont, New England, Wilmington , Vermont, Chicago, Atlanta

☆ Meet the typical Australian millennial: They're delaying marriage and kids, have $16,000 in student debt, and their housing woes sparked political change.
▼ + stars: | 2023-07-09 | by ( Dan Latu | ) www.businessinsider.com time to read: +2 min

Delaying kids and priced out of homes, the typical Australian millennial looks similar to Americans. Student debt averages $16,000, and the government doesn't collect until you reach a certain income. Australian millennials have also empowered a political party, the Greens, with their housing woes. In 2017, 60 Minutes Australia asked Melbourne real-estate mogul Tim Gurner if Australian millennials were forever locked out of the housing market. Also frustratingly locked out of the housing market, Australian millennial voters have pushed a third-party, the Greens, into a seat at the table.

Persons: Tim Gurner, —, doesn't, frustratingly Organizations: Greens, Service, Australia, Melbourne, Census Bureau Locations: Wall, Silicon, Australia, United States

SYDNEY, July 6 (Reuters) - Two lawmakers on Thursday called on PwC Australia to name all the companies it sought to advise on the basis of leaked government tax plans, after a report linked Google (GOOGL.O) to the national scandal first exposed in January. A cache of 144-pages of PwC emails dating from 2014 to 2017 publicly released by the Tax Practioners Board in May detail how a former tax partner shared with colleagues confidential government tax plans, which they then used to drum up work with companies overseas. One of the released emails dated Jan. 6, 2016 mentioned a "north American project" that had 14 unnamed companies as clients. PwC Australia did not immediately respond to a request for comment. Reporting by Lewis Jackson; Editing by Sonali PaulOur Standards: The Thomson Reuters Trust Principles.

Persons: Deborah O'Neill, O'Neill, Barbara Pocock, Pocock, PwC, Tom Seymour, Lewis Jackson, Sonali Paul Organizations: SYDNEY, Reuters, Google, Tax, Board, Labor, Greens, Senate, PwC Australia's, Thomson Locations: Australia

☆ Germany to buy 60 Chinooks for up to 8 bln euros -lawmakers
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +2 min

BERLIN, July 5 (Reuters) - Germany will buy 60 Chinook helicopters from Boeing (BA.N) in a package that will cost up to 8 billion euros ($8.7 billion), including necessary infrastructure for the aircraft, two members of the parliamentary budget committee told Reuters on Wednesday. The sum includes the procurement of the CH-47 heavy-lift helicopters for 6.27 billion euros, 700 million euros for service, 240 million euros for national contracts and 750 million euros for infrastructure, according to earlier information. Germany said it planned to buy 60 Chinook heavy-lift helicopters from Boeing last year to replace its ageing CH-53 fleet. Originally, 6 billion euros had been budgeted. German Chancellor Olaf Scholz shifted policy in February 2022 after Russia invaded Ukraine, sharply increasing defence spending and committing 100 billion euros for the Bundeswehr, Germany's armed forces.

Persons: Olaf Scholz, Sebastian Schaefer, Holger Hansen, Sabine Siebold, Friederike Heine, Emelia Organizations: Boeing, Reuters, Wednesday, Bundeswehr, Greens, Thomson Locations: BERLIN, Germany, Holzdorf, Berlin, Poland, Russia, Ukraine

☆ This Melon Salad Is Pure Pleasure
▼ + stars: | 2023-07-05 | by ( Bryan Washington | ) www.nytimes.com time to read: +3 min

They’re the sorts of dishes that might percolate if you gave yourself the permission and authority to know yourself — in lieu of who you’re told to be. The expansiveness and allowance Moore gives us is pretty exhilarating: Flipping through pages, I was giddy. Jamaican cuisine is hardly unfamiliar with plant-based cooking, but that is seldom the focal point of its oft-exported wares. When I asked Moore why she chose to focus on vegan dishes, she said that going vegan “hasn’t affected my relationship with Jamaican food at all. As a culture’s comfort with a cuisine expands, its ability to tolerate play can follow.

Persons: you’re, Moore, ”, it’s, what’s, Danny Chau Locations: United States, New

☆ A day in the life of Erin Lichy, the new 'Real Housewives of New York City' cast member whose day job is selling and flipping luxury real estate
▼ + stars: | 2023-07-04 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

She is also a cast mate on the rebooted "Real Housewives of New York City," premiering July 16. Her two jobs play off each other: One day Lichy might sell a dated $5 million condo on the Upper West Side. While Lichy works with sellers to maximize their profit when listing a property, she's dabbled in flipping properties, too. Lichy earned her real-estate license at 19 years old and received a master's degree in sustainable development from New York University. Five of the new 'Real Housewives of New York City' cast members with Lichy at right.

Persons: Erin Lichy, Douglas Elliman's Eklund Gomes, —, Lichy, she's, hasn't, It's, Tesla, Abraham, Abraham Lichy, Levi, Layla, Elijah, Eklund Gomes, Homegirl, She's, it's, Le Cuona, We've, Erin Lichy She'll Organizations: Housewives, New, Service, Douglas Elliman's Eklund Gomes Team, New York University, New York City, NBC Locations: New York City, New, New York, Tribeca, Manhattan, Barry's, Flatiron, Tribeca ., romaine, Ubers, Brasserie

☆ Golf, Aussie-style: How to play alongside crocodiles, snakes and kangaroos
▼ + stars: | 2023-07-04 | by ( Jack Bantock | ) edition.cnn.com time to read: +10 min

Steve Storm / Anglesea Golf ClubWater hazardsThere is no need for a no-petting rule for other animals that commonly inhabit Australian golf course – chief among them, crocodiles. “Everyone asks about crocodiles – some out of fear, others excitement,” Half Moon Bay’s general manager Tim Mackrill told CNN. Half Moon Bay Golf ClubOperating in the course’s favor is a “crocwise” nature built into the majority of the club’s players. The last big crocodile to be removed by rangers from Half Moon Bay was in 2019. Half Moon Bay Golf ClubHissing holeSometimes though, it’s inquisitive wildlife that brings potential danger to patrons.

Persons: ‘ Roos, ‘ roos, It’s, Marg Lacey, …, ” Anglesea, ” Lacey, roos, you’ve, ”, Steve Storm, Tim Mackrill, ” Mackrill, Amanda Jayne, Jayne, Jayne’s, Luke Goodier, ” Jayne, it’s Organizations: CNN, Golf, “, birdlife, The Locations: Australia, Melbourne, –, England, Australian, Northern Territory, Queensland, Cairns, Eastern Australia

☆ Chicken made from animal cells in a lab was served at a Michelin-starred restaurant in San Francisco
▼ + stars: | 2023-07-02 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

The first lab-grown chicken has been served in the US at Bar Crenn in San Francisco. Upside Foods partnered with the Michelin-starred restaurant to serve the cultivated chicken. Upside Foods and Just Meat recently received regulatory approval to sell lab-grown chicken. Winners of a social media contest were the first diners to try the cultivated chicken at Bar Crenn, the companies announced. Good Meat is also set to bring its cultivated chicken to customers this year at China Chilcano restaurant in Washington, DC, according to CNN.

Persons: —, Uma Valeti, Bill Gates, Dominique Crenn, Crenn Organizations: Foods, Michelin, Service, Food and Drug Administration, US Department of Agriculture, CNN Locations: San Francisco, China, Washington , DC

☆ Cultivated chicken debuts in San Francisco restaurant
▼ + stars: | 2023-07-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

New York CNN —Chicken made from cultivated cells is officially on the menu at Bar Crenn in San Francisco. On Saturday, cultivated chicken tempura will be on Bar Crenn’s menu, served with a burnt chili aioli and garnished with greens and edible flowers. Ujpside Foods' cultivated chicken is on the menu at Bar Crenn. UPSIDE FoodsAfter Saturday, there will be other opportunities to try cultivated chicken at Bar Crenn, but not right away. Cultivated meat at scale could use far less land and water than conventional agriculture, experts say.

Persons: hasn’t, José Andrés, it’s Organizations: New, New York CNN, US Department of Agriculture, Foods, Innovation, Food and Drug Administration, FDA, Service Locations: New York, San Francisco, Washington, China

☆ German coalition at odds over fighter jet sale to Saudi Arabia, Welt am Sonntag reports
▼ + stars: | 2023-07-01 | by ( ) www.reuters.com time to read: +1 min

BERLIN, July 1(Reuters) - Germany's coalition government is at odds over whether to bow to British pressure and approve the production of Eurofighter Typhoon fighter jets for Saudi Arabia, the newspaper Welt Am Sonntag reported on Saturday, citing anonymous sources. A third of the components for the jets come from Germany, industry sources told Reuters at the time. Since the rapprochement of Saudi Arabia and Iran, which could end their proxy war in Yemen, the British have argued that Germany cannot block the export of Eurofighter jets to third parties. A spokesperson for the Chancellery declined to comment to Welt am Sonntag. Reporting by Sabine Siebold; Writing by Victoria Waldersee; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Chancellor Olaf Scholz, Christian Lindner, Jamal Khashoggi, Angela Merkel, Sabine Siebold, Victoria Waldersee, Jonathan Oatis Organizations: Eurofighter Typhoon, BAE Systems, Reuters, Social Democrats, Finance, Greens, SPD, Eurofighter, Welt, Thomson Locations: BERLIN, Saudi Arabia, Riyadh, Yemen, Saudi, Germany, United States, France, Britain, Iran

SYDNEY, June 26 (Reuters) - Australian lawmakers will ask for more details about PwC staff involved in the leak of government tax plans when acting head Kristin Stubbins appears before a state parliament on Monday, her first public appearance since her predecessor stepped down over the scandal. But there were still many unanswered questions, inquiry chair and Greens party lawmaker Abigail Boyd said on Sunday. "(The sale) seems like a really good way to avoid scrutiny," she told Reuters on Sunday. "Look we've taken action, we've sold off the business, we've got a new person in, everything is fine. She will remain in the role until Kevin Burrowes, currently Global Clients & Industries lead based in Singapore, relocates to Australia for the job.

Persons: Kristin Stubbins, Stubbins, Abigail Boyd, we've, Boyd, David Seymour, Kevin Burrowes, Lewis Jackson, Diane Craft Organizations: SYDNEY, Global, Industries, Thomson Locations: New South Wales, NSW, Singapore, Australia

☆ Germany's far-right AfD wins vote to lead district for first time
▼ + stars: | 2023-06-25 | by ( ) www.reuters.com time to read: +2 min

BERLIN, June 25 (Reuters) - A far-right Alternative for Germany (AfD) candidate won a vote on Sunday to become a district leader in Europe's biggest economy for the first time, a breakthrough for the party which has hit record highs in national polls. The 10-year old AfD, with which Germany's mainstream parties officially refuse to cooperate due to its radical views, won a run-off vote in the Sonneberg district in the eastern state of Thuringia with its candidate garnering 52.8% of the vote. While far-right parties have gained ground around Europe, the strength of the AfD is particularly sensitive in Germany due to the country's Nazi past. The conservative candidate won 47.2% on Sunday. The domestic intelligence agency said this month that far-right extremism posed the biggest threat to democracy in Germany and warned voters about backing the AfD.

Persons: Chancellor Olaf Scholz's, Josef Schuster, Robert Sesselmann, Sonneberg, Sesselmann, Madeline Chambers, Chizu Organizations: Social, Greens and Free Democrats, Central Council of, Communist, Moscow, Thomson Locations: BERLIN, Germany, Europe's, Sonneberg, Thuringia, Europe, Nazi, Berlin, Ukraine

☆ Meet an Australian millennial with $7,000 in student debt who says paying off the balance 'is not my priority at this point' — but it could soon start growing at a faster rate
▼ + stars: | 2023-06-25 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Olivia Fitzpatrick, 29, has $7,000 in student debt in Australia, but she's not too worried about it. Olivia Fitzpatrick, 29, has just over 10,000 Australian dollars, or about $6,790, in student debt — and even as a financial educator on social media, it's not a concern for her. If I started earning significantly more over the next year, I would consider paying off the debt just for the feeling of having no student debt and also more cash flow from working." She said she doesn't have any regrets about taking on student loans because it was a "great return on investment" for her. This is a dilemma American student-loan borrowers are all too familiar with.

Persons: Olivia Fitzpatrick, she's, —, hasn't, it's, Fitzpatrick, Joe Biden's, Mehreen Organizations: Service, Higher, Higher Education Loan Program, Guardian, Greens Locations: Australia, Melbourne, America, New South Wales

☆ China's Yin Ruoning collects maiden major title at Women's PGA Championship
▼ + stars: | 2023-06-25 | by ( ) www.reuters.com time to read: +3 min

[1/2] Jun 25, 2023; Springfield, New Jersey, USA; Ruoning Yin tees off on the 4th hole during the final round of the KPMG Women's PGA Championship golf tournament. Mandatory Credit: John Jones-USA TODAY SportsNEW YORK, June 25 (Reuters) - China's Yin Ruoning produced a flawless final round with four birdies to win the Women's PGA Championship at Baltusrol Golf Club on Sunday and claim her first major title. The 20-year-old Yin, who collected her maiden LPGA Tour title at the DIO Implant LA Open earlier this year, is only the second Chinese woman to win a golf major after Shanshan Feng. "I would say she's definitely the goal that I'm chasing," said Yin, who was nine years old when Feng won the Women's PGA Championship in 2012. "I was on the 18th tee and I saw the leaderboard, and I know I have a one-shot lead," said Yin.

Persons: John Jones, Yin Ruoning, Yin, Japan's Yuka Saso, Shanshan Feng, Feng, Yuka, I'm, Carlota Ciganda, Sweden's Anna Nordqvist, Megan Khang, China's Lin Xiyu, Stephanie Meadow, Rose Zhang, It's, Amy Tennery, Toby Davis, Hugh Lawson, Chris Reese Organizations: KPMG Women's, USA, YORK, Baltusrol, LPGA, Thomson Locations: Springfield , New Jersey, USA, Northern Ireland, New York

☆ Inside Sweetgreen's first automated location — and the salad chain's plans to take the tech nationwide
▼ + stars: | 2023-06-24 | by ( Amelia Lucas | ) www.cnbc.com time to read: +9 min

But with its so-called Infinite Kitchen, Sweetgreen joins the legion of restaurant companies incorporating automation into their businesses. Sweetgreen plans to open a second Infinite Kitchen location later this year. Unlike the traditional Sweetgreen restaurant, customers won't have to wait 10 to 15 minutes to pick up mobile orders. Source: SweetgreenBehind the counter is the "Infinite Kitchen," which resembles the bulk food dispensers found in some grocery stores. Employees have to set up the Infinite Kitchen in the morning, ensuring it's well-stocked and calibrated for accurate and consistent portions.

Persons: Sweetgreen, Jonathan Neman, William Blair, hasn't, Spyce, —, Timothy Noonan, Noonan, they're, T.D, Cowen Organizations: William, William Blair Growth Stock, MIT, IK, CNBC, Employees, Workers Locations: Chicago, Naperville , Illinois, Boston, Neman, New York, Naperville

☆ Germany to offer aid only to strategic sectors after Intel subsidy -minister
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

BERLIN, June 21 (Reuters) - Germany will promote specific projects in strategic industries after agreeing subsidies worth nearly 10 billion euros with Intel this week as the U.S. chipmaker said it would invest $33 billion in Germany, a minister said on Wednesday. "There will be no funding for everyone, but only for selected projects," said Economy Minister Robert Habeck of the Greens party which shares power with Scholz's Social Democrats and the FDP Free Democrats. "They will be everywhere in future," he said at an event in Berlin, adding that the Intel subsidies were therefore an investment in economic security. Other sectors being closely watched by the government included medicine, telecommunications, energy, logistics and transport, food and security services, he said. The economy ministry said earlier that the European Commission has yet to approve Berlin's subsidy plans for Intel.

Persons: chipmaker, Chancellor Olaf Scholz, Robert Habeck, Habeck, Christian Kraemer, Madeline Chambers, Kirsten Donovan Organizations: Intel, Greens, Scholz's Social Democrats, FDP Free Democrats, European Commission, Thomson Locations: BERLIN, Germany, Magdeburg, Berlin

☆ McIlroy's major drought goes on after near-miss at U.S. Open
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +3 min

[1/3] Jun 18, 2023; Los Angeles, California, USA; Rory McIlroy leaves the twelfth green during the final round of the U.S. Open golf tournament at Los Angeles Country Club. "It is, but at the same time when I do finally win this next major it's going to be really, really sweet," McIlroy said after finishing one shot back of Wyndham Clark. "You don't want to wish bad on anyone, but you're really hoping for a three-putt. You're hoping to somehow get into a playoff to keep giving yourself a chance," said McIlroy, whose sole birdie of the final round came on the first hole. I obviously never give up," said McIlroy, who will get his next shot at an elusive fifth major at the July 20-23 British Open in Hoylake.

Persons: Rory McIlroy, Michael Madrid, tantalisingly, McIlroy, Wyndham Clark, Clark, Rickie Fowler, McIlroy's, Clark bogeyed, Frank Pingue, Peter Rutherford Organizations: U.S, Los Angeles Country Club, USA, Northern, Hoylake, Thomson Locations: Los Angeles , California, USA, Hoylake, Toronto

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