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Consumer goods makers say the price hikes are necessary, and that they have taken a hit to margins over the past two years. Some companies such as Clorox (CLX.N) have even begun to ease off the hikes to protect sales volumes as input costs fall. "In the U.S. in particular, these pressures are more acute than in Europe," Janus Henderson portfolio manager Luke Newman told Reuters. U.S. consumer strength has begun weakening, "and that's bad news for the consumer companies," Barclays analyst Iain Simpson said. Still, cost inflation has chipped away at margins, which have broadly fallen 2-4 percentage points over the past two years for the consumer goods industry.
Persons: Janus Henderson, Luke Newman, Newman, Richard Marwood, Robert Klaber, Parnassus, Iain Simpson, Alvarez, Marsal, David Chavern, Stephanie Niven, Niven, Irene Jensen, Jensen, Thomas Joekel, Richa Naidu, Jessica DiNapoli, Matt Scuffham, Deepa Babington Organizations: U.S, Consumer, Reuters, Royal London Asset Management, Investments, Biden, Barclays, Procter, Gamble, Consumer Brands Association, Sustainable Equity Fund, Norges Bank Investment Management, Unilever, Reckitt, Investment, Thomson Locations: Ukraine, U.S, Europe, San Francisco, United States
CNN —On Monday July 3, Italian tennis star and Men’s Singles contender Jannik Sinner arrived on the center court at Wimbledon with a custom Gucci duffle bag slung across one shoulder. Sinner became a brand ambassador for Gucci last year. The next generation of tennis players are even experimenting with jewelry: Russian player Andrey Rublev is known to layer several silver pendants, while Nick Kyrgios is rarely seen without his double hoop earrings. Permission for the highly-engineered moment was granted after a lengthy approval process involving the International Tennis Federation, Association of Tennis Professionals and Wimbledon. As Sinner told Women’s Wear Daily, “(This bag) will create a conversation.”
Persons: Jannik Sinner, Gucci, Elsa Schiaparelli, Lili de Alvarez, Lea Pericoli, Teddy Tinling, Sinner, Clive Brunskill, Serena Williams, Emma Raducanu, Dior, Arthur Ashe —, Wimbledon —, Arthur Ashe's, Tony Triolo, Bjorn Borg, Babe Ruth, Fila, Pat Cash, Andre Agassi, Chris Cole, Anna Wintour, Carlos Alcaraz, Louis Vuitton, Calvin Klein, Andrey Rublev, Nick Kyrgios, Sinner’s Gucci, it’s, Kyrgios, Women’s, Organizations: CNN, Wimbledon, Tiffany’s, Adidas, Nike, Rowing Blazers, Getty, Vogue, International Tennis Federation, Association of Tennis Professionals, Air Jordan Locations: Italian, Wimbledon
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Persons: Dow Jones, dee5fbff
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The New York Times Audio app includes podcasts, narrated articles from the newsroom and other publishers, as well as exclusive new shows, which we’re making available to readers for a limited time. Download the audio app here. Opinion columnist Farhad Manjoo has a rule about debating conspiracy theorists: don’t. As he explains in this audio essay, it’s a rule born of his experience debating Robert F. Kennedy Jr. back in 2006 — and one he wishes other people would adopt. (A full transcript of this audio essay will be available midday on the Times website.)
Persons: Farhad Manjoo, it’s, Robert F, Kennedy Jr Organizations: New York Times, Times
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailActivist shareholders are paying 'much more attention' to Europe, says consultantMalcolm McKenzie, managing director at professional services firm Alvarez & Marsal, discusses a new wave of activist shareholders in Europe where there is "money to be made"
Persons: Malcolm McKenzie, Alvarez Organizations: Marsal Locations: Europe
Nicaraguan President Daniel Ortega's five-year campaign against the Catholic church has intensified since February, according to interviews with five priests inside and outside the country. This week's brief release of Nicaraguan Bishop Rolando Alvarez raised hopes for a turning point. The priests describe heavy surveillance of church services by police or civilian members of government-sponsored community councils, especially since Easter. His latest restrictions seem aimed at silencing priests, Erick Diaz, 33, a Nicaraguan priest in exile in Chicago, said. Nine church leaders inside and outside Nicaragua did not respond to interview requests for this story.
Persons: Daniel Ortega's, Nicaraguan Bishop Rolando Alvarez, Mexican Bishop Ramon Castro, Pope Francis, Nicaragua's, Ortega, Rosario Murillo, Bishop Alvarez, Alvarez, Cardinal Leopoldo Brenes, Brenes, Martha Patricia Molina, Molina, Luiz Inacio Lula da Silva, Erick Diaz, David Alire Garcia, Philip Pullella, Ismael Lopez, Suzanne Goldenberg Organizations: MEXICO CITY, Sunday, Nicaraguan, Catholic, Vatican, Reuters, Organization of American, Thomson Locations: MEXICO, Nicaraguan, Managua, Nicaragua, Mexican, Eastern Europe, Matagalpa, Texas, Leon, Vatican, Chicago, Rome, San Jose
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July 4 (Reuters) - Nicaraguan Catholic Bishop Rolando Alvarez was released from prison late on Monday, a diplomatic source said, marking a possible turning point in the government's prolonged crackdown on the Catholic Church. The diplomatic source said on Tuesday that negotiations between the government and the country's Catholic bishops were going on over Alvarez's future, and the prelate was at the Catholic episcopal compound in the capital. The source, who declined to be identified, added that talks included the possibility that the bishop might be expelled from the Central American country or otherwise sent into exile. If the bishop refused to leave the country, he could be returned to prison, the source said. Earlier in the day, the news outlet Confidencial reported that Alvarez had been released on Monday night, citing church and diplomatic sources.
Persons: Nicaraguan Catholic Bishop Rolando Alvarez, Alvarez, Daniel Ortega, Pope Francis, Ortega's, Ismael Lopez, David Alire Garcia, Robert Birsel Organizations: Nicaraguan Catholic, Catholic Church, Central American, Thomson Locations: Nicaraguan, Matagalpa, United States
MLB roundup: 10th-inning blast lifts Tigers over Rockies
  + stars: | 2023-07-02 | by ( ) www.reuters.com   time to read: +11 min
Phillies starter Zack Wheeler (7-4) allowed four runs and seven hits in five innings. Toronto left-hander Yusei Kikuchi (7-3) allowed five runs, seven hits and two walks in 4 1/3 innings. Baltimore starter Kyle Bradish (4-4) nearly matched Ober, giving up one run on seven hits over six innings. Burnes (6-5) gave up two runs and one hit in seven innings, with seven strikeouts and two walks. Cardinals starting pitcher Matthew Liberatore (1-3) allowed three runs on seven hits in 4 1/3 innings.
Persons: Zach McKinstry, Jonathan Schoop, Schoop, Pierce Johnson, Eric Haase, McKinstry, Kris Bryant's, Alex Lange, Ryan McMahon, Lange, C.J . Cron, Ezequiel Tovar, Alec Bohm, Kyle Schwarber, Zack Wheeler, Schwarber's, Dominic Smith, Tyler Wade, Elvis Andrus, Kendall Graveman, JJ Bleday, Andrus, Bleday, Wade, Shintaro Fujinami, Eloy Jimenez, Juan Soto, Manny Machado, San Diego, Michael Wacha, Fernando Tatis Jr, Elly De La Cruz, Brandon Williamson, Williamson, Paul Goldschmidt, Louis, Goldschmidt, Jack Flaherty, Luis Severino, DJ LeMahieu's, Jake Bauers, Rafael Devers, Justin Turner, Kutter Crawford, Matt Chapman, George Springer, Bo Bichette, Yusei Kikuchi, Bailey Ober, Joey Gallo, Ober, Griffin Jax, Jhoan Duran, Kyle Bradish, Nathan Eovaldi, Will Smith, Hunter Brown, Brown, Yelich, Raimel Tapia, Corbin Burnes, Jesse Winker, Victor Caratini, Jack Suwinski, Tucupita Marcano, Jared Triolo, Josh Palacios, Ronald Acuna Jr, Ozzie Albies, phenom Eury Perez, Perez, Charlie Morton, Morton, Justin Verlander, Francisco Alvarez, Brandon Nimmo, Francisco Lindor, Thairo Estrada, Davis, Julio Urias, Salvador Perez, Maikel Garcia, Yonny Hernandez's, Mookie Betts, Freddie Freeman, George Kirby, Crawford, Luke Raley, Paul Sewald, Tyler Glasnow, Tanner Bibee, Marcus Stroman, Bibee, Jose Ramirez, Amed Rosario, Stroman, Anthony Volpe, Isiah Kiner, Falefa, Gleyber Torres, Michael King, Matthew Liberatore, Lars Nootbaar, Ryne Nelson, Gabriel Moreno, Moreno, Emmanuel Rivera, Anthony Rendon, Mike Trout, Shohei Ohtani Organizations: Detroit Tigers, Colorado Rockies, Denver, Rockies, Detroit, Colorado, Phillies, Nationals, Philadelphia, Washington, Athletics, White Sox, Oakland, Chicago, Padres, Reds, San, The Reds, Cardinals, Yankees, New York, DJ, Red Sox, Blue Jays, Boston, Toronto, Orioles, Minnesota, Baltimore, Rangers, Astros, Houston, Brewers, Pirates, Milwaukee, Pittsburgh, Braves, Marlins, Atlanta, Miami, The Braves, Mets, Giants, New, J.D, San Francisco's, Royals, Dodgers, Kansas City, Mariners, Rays, Seattle, Tampa Bay, Kirby, Cubs, Cleveland, St, Diamondbacks, Los Angeles, Angels, Thomson Locations: C.J, Washington, Cincinnati, New York, Baltimore, Ober, Houston, Texas, Arlington , Texas, Atlanta, San Francisco, Los Angeles, Chicago, Arizona, Anaheim, Calif, Nelson
Long gone are the days of eerily deserted Manhattan streets as New York City ground to a near-halt during the height of the COVID-19 pandemic. Cars fill Midtown amid the coronavirus pandemic on March 19, 2021 in New York City. The Empire State Building and Tourist District are seen while Traffic jam is reported along the route to New York City on August 17, 2022, in Jersey City, New Jersey. Komanoff said most congestion pricing advocates agree — they don't want drivers who enter lower Manhattan through the tunnels to pay the full congestion toll. But congestion pricing still has a long way to go, particularly as long as New Jersey leaders stand in the way.
Persons: Kathy Hochul's, Long, Kathy Hochul, Gottheimer, Jersey Sen, Bob Menendez, Phil Murphy, Noam Galai, it's, Charles Komanoff, Komanoff, Sam Schwartz, Eduardo Munoz Alvarez, George Washington, Sen . Menendez, Bill Pascrell, Schwartz, Hochul, Murphy, Sarah Kaufman, University's, Ritchie Torres, Tom Williams, Torres, he's Organizations: Gov, New, New Jersey Democrats, Morning, Metropolitan Transportation Authority, New York Gov, Central Business District, Federal Highway Administration, MTA, Democratic, New York Supporters, New York, Mexico City, George Washington Bridge, Center for Transportation, New York Rep, Garden, Komanoff, Democratic Rep Locations: New York City, Manhattan, New Jersey, ., Jersey, New York, New, London, Stockholm, Singapore, York, Toronto, Mexico, Seattle, Los Angeles, Chicago, Boston, Jersey City , New Jersey, Holland, Lincoln, Bronx
So these elite places become these little islands where rich people pass down their advantages to their kids. Like everyone else, by today’s standards, I wouldn’t qualify for any of the elite schools. And yet in those days, the University of Chicago, where I ended up going, admitted 70 percent of the applicants. The process is not only divisive but doesn’t give people later in life a fair chance to alter the trajectory of their life. They should look at their grades, they should look at their test scores, but they should also look at their resilience.
Persons: We’ve, I’ve, Richard Kahlenberg, he’s Organizations: University of Chicago, Harvard, University of North Locations: Philadelphia, West Virginia, New Orleans, Beverly Hills, Santa Monica, Manhattan, University of North Carolina
ROME, June 22 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Thursday he would personally lobby Nicaragua's Daniel Ortega to release a bishop who has been imprisoned in the Central American state. Speaking to reporters a day after meeting Pope Francis, Lula said the Nicaraguan president should have "the courage" to recognize that a mistake had been made. "I intend to speak with Daniel Ortega about this to release the bishop. There is no reason for the bishop to be prevented from exercising his function in the Church," Lula said. "The only thing the Church wants is for Nicaragua to free them," Lula said, referring to Alvarez and a number of detained priests.
Persons: Luiz Inacio Lula da Silva, Nicaragua's Daniel Ortega, Pope Francis, Lula, Bishop Rolando Alvarez, Ortega, Daniel Ortega, Francis, Alvarez, Alvazez, Philip Pulella, Catarina Demony, Federico Maccioni, Crispian Balmer Organizations: Central, Roman Catholic Church, Thomson Locations: Central American, Nicaraguan, Nicaragua, Latin America, Brazil, United States
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailParis summit: More needs to be done for low-income countries, says Pakistan's ex-central bank chiefReza Baqir, managing director at Alvarez & Marsal and former governor of the State Bank of Pakistan, says "there will be pledges, but if history is any guide … the world will not have an adequate mechanism to monitor how those pledges convert to actual inflows for developing countries."
Persons: Reza Baqir, Alvarez Organizations: Marsal, State Bank of Locations: Paris, State Bank of Pakistan
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/cfos-are-hanging-on-to-expanded-corporate-jet-perks-1f2e1005
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The banging on Tuesday first came every 30 minutes and was heard again four hours later, according to an internal government memo update on the search. The search for the missing submersible Titan has broadened to an area about two times the size of Connecticut. It was unclear when exactly the banging was heard Tuesday or how long it lasted, based on the memo. We have to keep working until we find the submersible,” Joyce Murray, minister of Fisheries, Oceans and the Canadian Coast Guard, told reporters Wednesday. If the submersible is intact, the passengers would be dealing with dwindling oxygen levels and fighting cold, he told CNN.
Persons: Jamie Frederick, , Frederick, Stone, ” Joyce Murray, , Ray Scott “ Chip ” McCord, ” Scott, David Hiscock, we’ve, John Mauger, ” Carl Hartsfield, John Cabot –, Hamish Harding, Shahzada Dawood, Sulaiman Dawood, Paul, Henri Nargeolet, ” David Gallo, John’s, Gallo, ” Gallo, Joe MacInnis, who’s, Frederick didn’t, Mauger, David Lochridge, Lochridge, OceanGate, Oceangate, ” OceanGate, Suleman Dawood, Stockton Rush, J, Van Gurley, Gabe Cohen, ” Cohen, Aaron Newman, ” John “ Danny ” Olivas, ” Olivas, CNN’s Victor Blackwell Organizations: CNN, US Coast Guard, Coast Guard, Fisheries, Canadian Coast Guard, OceanGate Expeditions, Canadian Armed Forces, New York Air National Guard, U.S . Air Force, “ CBS, Naval, Oceanographic Systems Laboratory, USCG, National Oceanic, Atmospheric Administration, NOAA, Stockton Rush, Strategic Initiatives, Daylight, Horizon Services, US Navy, Facebook, OceanGate, Titan, Manned, Vehicles, Marine Technology Society, New York Times, Times, Stockton, Polar Prince, Navy, KOMO, CBS Locations: Connecticut, Canadian, Everest, NewfoundlandSaturday, Cape Cod , Massachusetts, OceanGate, Rush, Titan
OTTAWA, June 21 (Reuters) - Canada and the Dominican Republic have agreed that Canada will coordinate assistance for Haiti by boosting staff at its embassies in Port-au-Prince and Santo Domingo, the countries said in a joint statement on Wednesday. "Canada and the Dominican Republic have solid bilateral relations and are long standing partners including on regional security matters," the joint statement said. Both countries agree that the Haiti crisis requires enhanced international cooperation, humanitarian, and security assistance, the statement said. "We will enhance coordination in Haiti, Dominican Republic, Canada and other locations as required including through increased presence at the Canadian embassies in Port-au-Prince and Santo Domingo," the countries said in the statement. The Dominican Republic has strained relations with Haiti, with which it shares the Caribbean island of Hispaniola.
Persons: Santo Domingo, Melanie Joly, Roberto Alvarez, Ariel Henry, Steve Scherer, Ismail Shakil, Chris Reese, Sandra Maler Organizations: OTTAWA, Canada's, Dominican, Haitian, United, Thomson Locations: Canada, Dominican Republic, Haiti, Port, Dominican, Hispaniola, Santo, United States, Ottawa
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That’s what’s a great embarrassment for dictators, when they didn’t know what happened,” Biden told attendees at the fundraiser in the Bay Area, referring to the Chinese spy balloon that the US shot down earlier this year. “He called me and told me not to do that because it was putting him in a bind,” Biden said, referring to the Chinese president. The region has taken on a greater importance for Washington as China has become increasingly assertive over its territorial claims in the area, expands its naval capabilities and militarizes islands in the South China Sea. “Now we have India, Australia, Japan and the United States working hand in glove in the South China Sea, in the Indian Ocean. We have a situation where I’ve met with all 50 of the major maritime states in East Asia,” Biden said in California.
Persons: Joe Biden, Xi Jinping, , Antony Blinken, what’s, ” Biden, Biden, Blinken’s, , John Kerry, Blinken –, Xi, “ We’re, ” Blinken, I’ve Organizations: San Francisco , CA CNN, CNN, House, Japan –, South Pacific Locations: San Francisco , CA, California, Washington, Beijing, Bay, China, United States, India, Australia, Japan, South, South China, East Asia
PORT-AU-PRINCE, June 16 (Reuters) - As Haiti's police struggle to contain powerful armed gangs, a disagreement between the Dominican Republic and Canada spilled out into the public on Friday, further complicating an international plan to boost Haiti's outgunned police force. A day after Canada's Foreign Minister Melanie Joly announced plans to set up a Canadian office to coordinate support for Haiti's national police this summer in the neighboring Dominican Republic, her Dominican counterpart denied any deal authorizing an office on Dominican territory. In a post on social media, Foreign Minister Roberto Alvarez said no deal been struck, adding that the Dominican government has not even discussed such a plan. The statement did not say whether the location would be in the Dominican Republic, which shares the Caribbean island of Hispaniola with Haiti. On Thursday, Joly announced plans to coordinate a police support operation from a base in the Dominican Republic and thanked Alvarez for providing it, according to a transcript from a Canadian government official.
Persons: Melanie Joly, Roberto Alvarez, Santo Domingo, Joly, Alvarez, Ariel Henry, Harold Isaac, Sarah Morland, Sandra Maler, William Mallard Organizations: PORT, Canada's, Dominican, Reuters, Haitian, Canadian, United, Thomson Locations: Dominican Republic, Canada, Dominican, Haiti, Hispaniola, Haitian, Santo, United States
Auto companies need EV battery supply more than ever, but the costs are adding up. Prices and a push to use local materials have carmakers investing in in-house battery supply. That means car companies are seeking an alternative and racing to secure their battery supply in the US. But the pandemic — and other disruptions, like natural disasters — shed a light on just how vulnerable that can also make auto companies. It's complicated and time-consuming, but may ultimately be the best way car companies can get closer to lowering the cost of new EVs.
Persons: Tesla, they've, They've, Peter Maithel, Julian Stratenschulte, There's, We've, Matt Sculnick, Nomura, Rivian, , Alvarez, Tony Lynch, Kelley Organizations: Auto, EV, Morning, Infor, Volkswagen, Getty, Marsal, GM, Ford Locations: Europe, Asia, China, Illinois
The administration has also implemented two dozen executive actions to try to reduce gun violence. But in the absence of congressional action, the White House has turned its focus to state action to try to reduce gun violence. Ten years later, gun violence remains a challenging issue for the White House. But since the law was signed last year, further action on gun violence has stalled in Congress. But gun violence rates more broadly in our cities are going down this year for the first time in a long time,” Murphy told CNN.
Persons: Joe Biden, ” Biden, Biden, , Barack Obama, “ You’ve, we’ve, he’s, Democratic Sen, Chris Murphy, “ I’m, Sen, Chuck, Schumer, , Murphy, Richard Blumenthal, Mark Barden, Sandy, , Everytown, Giffords, it’s, ” Murphy, Miguel Cardona, Xavier Becerra Organizations: CNN, National Safer Communities, Safer, White, University of Hartford, Sandy Hook Elementary, Capitol, Democratic, Republicans, Democrats, Elementary, Federal Emergency Management, Department of Health, Human Services, Department, Education, of, Mental Health, HHS Locations: Connecticut, United States, Newton , Connecticut, Nashville, Buffalo , New York, Uvalde , Texas, Friday’s
Finding the perfect beach bag can be a lifelong pursuit. Unable to find something just right for herself, Melissa Morris decided to design a suite of beach-ready totes for her London-based accessories brand, Métier. The new Cala collection offers carryalls in a checkerboard straw weave Morris developed with artisans outside of Florence. “We wanted to elevate the classic raffia bag, which can be heavy and stiff,” says Morris. View ThisRF Alvarez’s Paintings of Queer Intimacy in the American West
Persons: Melissa Morris, Morris, , Locations: London, Florence, métier.com
[1/3] Colombian presidential candidate Oscar Ivan Zuluaga casts his vote during congressional and presidential coalitions elections that will determine which candidates will head to the first round of presidential voting, in Bogota, Colombia March 13, 2022. Courtesy of Oscar Ivan Zuluaga Press... Read moreBOGOTA, June 13 (Reuters) - Former Colombia presidential candidate and minister Oscar Ivan Zuluaga violated the law when he received money from disgraced Brazilian construction firm Odebrecht, the Colombian attorney general's office said on Tuesday. It was not immediately possible to obtain comment from Zuluaga or Odebrecht. In 2014, Zuluaga met on several occasions with the former head of Odebrecht in Colombia, Eleuberto Antonio Martorelli, the prosecutor said. The alleged lies to the council led it to close an investigation into Zuluaga, the statement added.
Persons: Oscar Ivan Zuluaga, Read, general's, Odebrecht, Oscar Ivan Zuluaga Escobar, Zuluaga, Eleuberto Antonio Martorelli, Zuluaga's, David Zuluaga, Cecilia Elvira Alvarez, Julia Symmes Cobb, Nick Zieminski Organizations: Colombian, Oscar Ivan Zuluaga Press, U.S, Electoral Council, Odebrecht, Thomson Locations: Bogota, Colombia, BOGOTA, Colombian, Swiss, Latin America, Odebrecht, Brazilian, Panama, Zuluaga
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