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☆ Barbara Taylor Bradford, million-selling novelist known for ‘A Woman of Substance,’ has died at 91
▼ + stars: | 2024-11-25 | by ( Story The Associated Press | ) edition.cnn.com time to read: +5 min

Her books were published in 40 languages and sold more than 90 million copies around the world. Bradford was married for 56 years to German-born film producer Robert Bradford, who died in 2019. By age 16, she left school against her parents’ wishes to become a reporter for the Yorkshire Evening Post. As a young woman, Emma became pregnant by a man who refused to marry her and gave birth to a daughter. Around the same time, she met a fellow journalist at the Yorkshire Evening Post.

Persons: Barbara Taylor Bradford, ”, Bradford, Queen Elizabeth II, ’, Robert Bradford, Emma Harte, Jenny Seagrove, Emma, Deborah Kerr, ” Bradford, “ Emma, Frederick Oliver Robinson, Marquess, Ripon, ” Seagrove, “, Piers Dudgeon’s “, Uma Thurman, Sean Connery, James Bond, Peter O’Toole, Keith Waterhouse, Sam Spiegel, Lawrence, Keith, ‘, you’d Organizations: York AP, Sunday, Bradford, Will, Yorkshire Evening, Woman’s, London Evening News, Studley Royal, IBM, Guardian Locations: British, New York City, Leeds , West Yorkshire, United States, London, Studley, Yorkshire, Manhattan’s

☆ Deutsche Bank sees the S&P 500 hitting 7,000 in 2025 on the back of rising risk appetite
▼ + stars: | 2024-11-25 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Binky Chadha, Deutsche Bank chief global strategist, set a year-end 2025 target for the S & P 500 of 7000, which would translate into a 17% gain from current levels. "We see S & P 500 buybacks rising from an annual run rate of $1.1 trillion currently to about $1.3 trillion next year, rising in line with earnings. .SPX YTD mountain S & P 500 The S & P 500 is looking to wrap up a strong 2024 with a bang, thanks to optimism toward President-elect Donald Trump 's market-friendly policies. For 2025, Deutsche Bank sees stronger growth in the U.S. on the back of potential tax cuts and a deregulation push under the incoming Trump administration. Deutsche Bank is not the first Wall Street firm to release a rosy equity outlook after the presidential election.

Persons: Binky, Chadha, Donald Trump, Trump, Goldman Sachs Organizations: Deutsche Bank, Fed, UBS Locations: U.S

☆ At least 1 person is dead after a DHL cargo plane crashed into a house
▼ + stars: | 2024-11-25 | by ( Aditi Bharade | Joshua Nelken-Zitser | ) www.businessinsider.com time to read: +3 min

AdvertisementA DHL cargo plane crashed into a house near Lithuania's Vilnius airport. A DHL cargo plane crashed into a house near Lithuania's Vilnius airport, killing at least one person and injuring three others. The plane, a Boeing 737 aircraft en route from Germany, crashed outside Vilnius International Airport at around 5:30 a.m. local time, the airport said on Facebook. All 12 residents of the house that was crashed into are safe and have been evacuated, Reuters reported, citing information from a police press conference. "Residential infrastructure around the house was on fire, and the house was slightly damaged, but we managed to evacuate people," he added.

Persons: Valdas Benkunskas, Benkunskas, Benkuskas, Arūnas Paulauskas, Paulauskas Organizations: DHL, Boeing, Facebook, Swift Air, LEJ Airport, VNO, Associated Press, Reuters, AP, CNN Locations: Lithuania's Vilnius, Leipzig, Germany, Vilnius, Nepal, Lithuania, VNO

☆ Want to buy the dip in renewables? Morgan Stanley names 2 top picks with 60% upside
▼ + stars: | 2024-11-25 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

The sustainability theme faces an uncertain future under President-elect Donald Trump, but Morgan Stanley has named a number stocks with major upside. Here are two of Morgan Stanley's top stocks with over 60% upside potential: EDP Renovaveis The investment bank is bullish on EDP Renovaveis and has a target price of 18 euros ($18.68), giving it nearly 66% upside potential. RWE Also on Morgan Stanley's list is German electric utility company RWE , which it describes as a "global leader in renewables." The bank's analyst Rob Pulleyn sees RWE as "oversold on a combination of falling power prices earlier in 2024 and fears around renewables value creation." Morgan Stanley has a target price of 50 euros ($169.50) on the Frankfurt-listed stock, giving it almost 60% potential upside.

Persons: Donald Trump, Morgan Stanley, Morgan, Arthur Sitbon, Sitbon, Rob Pulleyn, — CNBC's Michael Bloom Organizations: Big Tech, Frankfurt Stock Exchange Locations: U.S, Europe, Lisbon, Portugal, Frankfurt

☆ UniCredit offers to buy rival Italian lender Banco BPM for $10.5 billion
▼ + stars: | 2024-11-25 | by ( Matt Clinch | ) www.cnbc.com time to read: 1 min

Italian lender UniCredit on Monday offered to snap up its domestic rival Banco BPM for roughly 10 billion euros ($10.5 billion) in a move it says is separate from its pursuit of German bank Commerzbank . UniCredit said in a statement early Monday that it is offering 6.657 euros for each share — a slight premium on Friday's close price of 6.644 euros. UniCredit said the purchase, which would be an all-stock deal, would allow the bank to "further strengthen its role as a leading pan-European banking group." Monday's news follows a flurry of merger and acquisition announcements in the European banking sector this year. The industry has been considered ripe for consolidation for years, with cash-rich UniCredit often cited as a possible acquirer.

Persons: UniCredit Organizations: Banco

☆ Germany’s Thyssenkrupp Steel to lay off thousands of workers
▼ + stars: | 2024-11-25 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Thyssenkrupp Steel has announced plans to eliminate 11,000 jobs by the end of this decade — about 40% of its workforce — becoming the latest German industrial giant to opt for drastic action to prop up its fortunes. “Increasingly, (global) overcapacity and the resulting rise in cheap imports, particularly from Asia, are placing a considerable strain on competitiveness,” Thyssenkrupp Steel said in a statement. Thyssenkrupp, Germany’s largest steel producer, joins the country’s biggest manufacturer Volkswagen in setting out a major overhaul to cut costs and bolster competitiveness. The German automaker also plans to close at least three factories in its home country and lay off tens of thousands of staff. “Locational weaknesses” include high energy costs, onerous red tape, and outdated physical and digital infrastructure.

Persons: Steel, carmaker Ford Organizations: London CNN, Thyssenkrupp, European, European Commission, Volkswagen, Federation of German Industries, Boston Consulting Group, German Economic Institute Locations: Asia, Ukraine, German, Europe, Germany, United Kingdom, Thyssenkrupp

☆ The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving
▼ + stars: | 2024-11-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +13 min

It's a "capital junkie" that's been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. The April 2015 report highlighted the industry's massive capital spending on overlapping or niche products that Marchionne was convinced could be solved through consolidation and shared capital spending. Most capital spending by automakers isn't wasted, but the industry isn't as efficient as other sectors, with minimal return on invested capital. Stock Chart Icon Stock chart icon Stocks of GM, Ford and Chrysler parent Stellantis in 2024. Courtesy: Business WireGM and Hyundai this summer entered into an agreement to explore "future collaboration across key strategic areas" in an effort to reduce capital spending and increase efficiencies.

Persons: bender, Morgan Stanley, Adam Jonas, It's, Sergio Marchionne, Marchionne, Sergio Marchionne Brendan McDermid, Jonas, Joe Hinrichs, isn't, We've, Rebecca Evans, Roland Berger, Ford, Peter Rawlinson, Andrew Kelly, Oliver Blume, Blume, Paul Jacobson, Jacobson, Rivian, RJ Scaringe, Mary Barra, Euisun Chung, codevelop, Stellantis, —, Carlos Tavares, Oliver Bunic Organizations: General Motors, Ford, Nissan Motor, Volkswagen Group, Chrysler, Companies, Research, GM, Volkswagen, Toyota Motor, Fiat, Rivian, Lucid, Fiat Chrysler, Reuters, Rivian Automotive, Hyundai Motor, Toyota, CSX Corp, Rehab, Nissan, CNBC, Lucid Motors, Nasdaq, Churchill Capital Corp, Reuters Volkswagen, VW, Honda, BMW, SAIC, Barclays, Saudi, Public Investment Fund, Hyundai, Detroit, French, PSA Groupe, Stellantis NV, Bloomberg, Getty Locations: Casa Grande , Arizona, Detroit, Japan, Germany, That's, New York City , New York, Europe, China, U.S, Kragujevac, Serbia

☆ Celebrity lookalike contests are taking over the internet. But they aren’t new
▼ + stars: | 2024-11-25 | by ( Leah Dolan | ) edition.cnn.com time to read: +9 min

It feels all the more fitting then, that amid today’s geopolitical conflicts, increasing climate catastrophes and economic uncertainties, we’re seemingly hooked on celebrity lookalike contests. But the idea of a lookalike contest is in fact a time-honored form of entertainment. Nine girls in a Fox Films and Daily Telegraph Shirley Temple lookalike contest in Sydney, Australia, October 1934. For the last 40 years, a bar in Key West, Florida has been staging an annual Ernest Hemmingway lookalike competition. Humanity isn’t fixed.”Oscar Journeaux won the Harry Styles lookalike competition on November 9 in London.

Persons: Timothée Chalamet, jostle, YouTuber Anthony Po, Oscar, ” Reed Putman, ”, Paul Mescal, Harry Styles lookalikes, Matthew Chattle, Max Braunstein, Glen Powell, Mikala Compton, Harry Styles, Dev Patel’s doppelgänger, Zayn Malik’s, Jeremy Allen White, White, Carmy, —, White’s, Daily Telegraph Shirley Temple, Charlie Chaplin, Dolly Parton, Shirley Temple, femme, Myrna Loy, Alice Faye, Katharine Hepburn, Ernest Hemmingway, Ellis Cashmore, “, Oscar Journeaux, Leon Neal, Angie Huntley, Jim Wilkes, Cashmore, ” Andy Harmer, David Beckham, Lookalikes, it’s, ” Harmer, Beckham, Victoria Beckham, Andy Harmer, Camilla Shadbolt, David, Fiona Hanson, Denise Ohnona, Kate Moss, Ohnona, Stephane Cardinale, Corbis, Manel Esteller, Harmer, Vetements, “ She’s, You’re, ” Miles Mitchell, Stefan Jeremiah, lookalikes Organizations: CNN, Washington, “, Gaelic Athletic Association, American, Statesman, USA, Marlboro Reds, Fox Films, Daily Telegraph, Mitchell Library, State Library of New, Cleveland Food, Toronto Star, Argentina, University of Barcelona’s School of Medicine, Cell, Paris Fashion Locations: Ireland, London, Austin , Texas, San Francisco, New York, Chicago, “ The, Oakland , California, Sydney, Australia, State Library of New South Wales, Hollywood, Santa Monica, Cleveland, Key West , Florida, British, Toronto, Canada, Victoria, Lancashire

☆ Israel says missing rabbi was killed in UAE in 'antisemitic terrorist' murder
▼ + stars: | 2024-11-24 | by ( Freddie Clayton | Freddie Clayton Is A Freelance Journalist Based In London. | ) www.nbcnews.com time to read: +3 min

A missing Israeli-Moldovan rabbi has been found dead in the United Arab Emirates, in what Israel called an antisemitic murder on Sunday. The Israeli government said the death of Rabbi Zvi Kogan, who has been missing in the Gulf state since Thursday, was a "criminal antisemitic terrorist event." A man walks past Rimon Market, a Kosher grocery store managed by the late Rabbi Zvi Kogan, in Dubai, United Arab Emirates, on Sunday. The United Arab Emirates government gave no immediate comment or acknowledgment that Kogan had been found dead. Jamshid Sharmahd, an Iranian-German software developer living in California, was kidnapped in 2020 during a stopover in the United Arab Emirates and taken to Iran.

Persons: Rabbi Zvi Kogan, Benjamin Netanyahu, “, ” Chabad, ”, Jon Gambrell, Isaac Herzog, Kogan, Zvi Kogan, Jamshid Sharmahd, Netanyahu’s Organizations: Moldovan, United Arab, Chabad Lubavitch, Jewish, Lubavitch, Israel’s National Security Bureau, Sunday, United Arab Emirates, Emirati Interior Ministry, NBC News, UAE's Ministry of Foreign Affairs, Israel, The UAE Locations: United Arab Emirates, Israel, Gulf, Abu Dhabi, New York, UAE, Dubai, Iran, Gaza, Lebanon, The, Iranian, California

☆ Israeli-Moldovan rabbi living in UAE is missing; Israeli officials fear he may have been kidnapped
▼ + stars: | 2024-11-23 | by ( ) www.nbcnews.com time to read: +2 min

DUBAI, United Arab Emirates — An Israeli-Moldovan rabbi living in the United Arab Emirates has gone missing, with Israeli authorities raising the suspicion Saturday he may have been kidnapped as tensions remain high with Iran. Israeli media citing unnamed security sources reported that Zvi Kogan, who has been missing since noon Thursday, may have been kidnapped. Western officials believe Iran runs intelligence operations in the UAE and keeps tabs on the hundreds of thousands of Iranians living across the country. Iran also kidnapped Iranian-German Jamshid Sharmahd in 2020 from Dubai, taking him back to Tehran where he was executed in October. However, the Mideast wars have sparked deep anger among Emiratis, Arabs and others living in the UAE.

Persons: Zvi Kogan, Kogan, ”, Abbas Yazdi, Jamshid Sharmahd, Emiratis Organizations: United Arab Emirates —, United Arab, Local, UAE, Ben Gurion International Locations: DUBAI, United Arab Emirates, Israeli, Iran, Israel, Tehran, Gaza, Lebanon, UAE, Abu Dhabi, Dubai, British, Iranian, Tel Aviv, Jewish

Nearly 50,000 people from 200 countries — including, for the first time, the Taliban rulers of Afghanistan — were in Azerbaijan for this year’s United Nations Climate Change Conference, with the goal of reaching a critical deal on climate finance. Participating world leaders Tuesday at the United Nations Climate Change Conference. “It is really disappointing to see that world leaders haven’t shown up in force in solidarity,” she added. While Trump “may put climate action on the back burner,” U.S. climate envoy John Podesta said, “the work to contain climate change is going to continue.”U.S. Energy Secretary Jennifer Granholm said states, cities, nongovernmental organizations and companies are still “all-in” on pursuing climate goals. British Prime Minister Keir Starmer speaks Tuesday on day two of the COP29 climate conference.

Persons: Donald Trump, Alexander Nemenov, General Ban, ”, Ruth Townend, COP29, Joe Biden, Xi Jinping, Keir Starmer, Emmanuel Macron, Olaf Scholz, Justin Trudeau, Shigeru Ishiba, ” Townend, haven’t, Matiul Haq Khalis, Laurent Thomet, Trump, John Podesta, Jennifer Granholm, ” Granholm, Darren Woods, Who, Ilham Aliyev, Carl Court, Getty Images Aliyev, Adel, Lord Adair Turner, Britain, “, James Marape, Marape, Asadullah Jawid Organizations: Change, United Nations, Getty, World Meteorological Organization, House, Pacific, British, Seven, Canadian, Japanese, Environmental Protection Agency, Getty Images, U.S . Energy, Infrastructure Law, NBC, Exxon, Independent, Climate Finance, U.S, Energy, Commission, Union, Baku, American University of Locations: BAKU, Azerbaijan, Afghanistan, United States, Paris, AFP, London, Baku, U.S, ”, Saudi, Adel Al, Saudi Arabia, Saharan Africa, China, Papua New Guinea, American University of Afghanistan

☆ Harry Kane breaks Erling Haaland’s goalscoring record to become fastest player to reach Bundesliga milestone
▼ + stars: | 2024-11-23 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +2 min

CNN —Harry Kane became the fastest player to score 50 Bundesliga goals as Bayern Munich beat Augsburg 3-0 on Friday. The 31-year-old striker netted all three of Bayern’s goals as the club continued its impressive start to the Bundesliga season. Kane has now scored 50 goals in 43 games in the German top division, beating Erling Haaland’s record of 50 goals in 50 games when he was starring for Borussia Dortmund. Kane scored twice from the penalty spot before completing his hat-trick with an innovative finish. With time running out, Bayern Munich midfielder Leon Goretzka delivered a perfectly weighted cross which found Kane in the Augsburg box.

Persons: Harry Kane, Kane, Erling Haaland’s, “, ” Kane, Leonhard Simon, Leon Goretzka, –, Vincent Kompany Organizations: CNN, Bayern Munich, Augsburg, Bundesliga, Borussia Dortmund, Reuters, ” Bayern Munich, ”, Bayern, RB Leipzig, French, PSG, Champions League Locations: England, Augsburg

☆ China's 'ruinous' EV price war cannot last forever, says Volkswagen exec
▼ + stars: | 2024-11-23 | by ( Chris Johnston | Daniel Zwick | ) www.businessinsider.com time to read: +4 min

AdvertisementVolkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says. Volkswagen remains firmly committed to China despite a "ruinous" EV price war by domestic rivals that has hit overseas automakers hard, its boss said. VW group sales in China fell by 12% in the first nine months of this year amid the rising popularity of models made by domestic manufacturers. Toyota maintained its top spot in the world for the fourth consecutive year in 2023, selling 11.2 million vehicles globally — about 2 million more than the VW group. "We build cars in China for China; the same is happening in Europe and North America.

Persons: Thomas Schäfer, Schäfer, Axel Springer, Mary Barra, Wang He, Donald Trump's, Trump, Elijah Nouvelage Organizations: Volkswagen, VW, Welt, Business, General, Rival German, BMW, Mercedes, Benz, Audi, Porsche, Labor, Toyota Locations: China, Germany, Europe, Spain, Czech Republic, Portugal, Slovakia, USA, Mexico, Canada, Chattanooga , Tennessee, North America

☆ Germany's Merkel laments influence of big business on Trump
▼ + stars: | 2024-11-23 | by ( ) www.cnbc.com time to read: +1 min

Former German chancellor Angela Merkel has called the influence of tech billionaires such as Elon Musk over U.S. President-elect Donald Trump a "huge concern". In an interview with the news magazine Der Spiegel published on Friday ahead of the release of her memoir, Merkel said the job of politics was ultimately to balance the interests of ordinary and powerful citizens. "If this ultimate recourse is influenced too strongly by companies, whether through capital power or technological capabilities, then that is an unprecedented challenge for all of us," she said. She cited the example of Musk, chief executive of Tesla and SpaceX, who was tapped by Trump to co-lead a new Department of Government Efficiency that the incoming president has indicated will operate outside the confines of government. "If a person like him [Musk] owns 60% of all satellites orbiting in space, then that has to be a huge concern for us in addition to the political issues," Merkel said.

Persons: Angela Merkel, Elon Musk, Donald Trump, Der Spiegel, Merkel, Musk, Tesla, Trump Organizations: Elon, SpaceX, of Government Efficiency

Those travelers need to get their gates fast and the moving sidewalk wasn’t doing it. The economics of airport moving walkwaysSome experts point to high maintenance costs for removing the moving sidewalks. A group of German economics professors released an extensive study earlier this year about airport moving sidewalks. “The design of Denver International Airport is such that our moving walkways run where our gates are located. Aleinikoff said that while he doesn’t think moving sidewalks are inherently unsafe, they do require regular maintenance, and he says the “teeth” at the end of the moving sidewalks can be “pretty sharp.” Gow has, Aleinikoff said, made a full recovery.

Persons: ”, Olivia Tyler, “, ” Tyler, Tyler, Hunt, Harry Reid, Nils Boysen, Dan Bubb, ” Bubb, Matine Yuksel, John Yuksel, Stacey Stegman, Kone, Schindler, ” Stegman, Stegman, Kenneth Gow, Gow, Gow’s, Brian N, TK, Aleinikoff, ” Gow Organizations: Northwest, Northwest Arkansas National Airport Regional Airport Authority, Northwest Arkansas National Airport Regional, Authority, Walmart, Tyson Foods, Airports, Harry Reid International, Las Vegas, Friedrich Schiller University Jena, University of Las Vegas Honors College, Northern, Northern Kentucky International, Denver International, Delta Airline, Corporation Locations: Northwest Arkansas, Chicago, Las Vegas, Orlando, Dallas, Cincinnati, — Tampa, Denver, Norfolk, Las, Northern Kentucky, Otis, Gow’s Denver

Under the Rome statute that created the ICC, its signatories are obliged to carry out arrest warrants, no matter the rank of the accused. Mohammed Deif was accused of crimes against humanity and war crimes, including for his role as a mastermind of Oct. 7. Some European countries have not said whether they would arrest Netanyahu if he visited, including a number of Israeli allies. Britain respects the independence of the ICC, Prime Minister Keir Starmer’s spokesperson said, but did not say whether Britain would arrest Netanyahu. Netanyahu and the other two Israelis facing the arrest warrants join a group that includes Russian President Vladimir Putin, who has been subject to an ICC arrest warrant over alleged war crimes in Ukraine since last year.

Persons: Benjamin Netanyahu, —, Yoav Gallant, Mohammed Deif —, Netanyahu, Viktor Orbán, Hungary, ”, Joe Biden’s, “, Gallant, Mohammed Deif, Keir Starmer’s, Petr Fiala, Alexander Schallenberg, Omar Al, Israel, Pope Francis, Vladimir Putin Organizations: Israeli, U.S, Criminal Court, Government Press, AFP, Getty, ICC, World Health Organization, Austrian, International Court of Justice Locations: Gaza, Ireland, Netherlands, Hungary, U.S, Tel Aviv, The Hague, Rome, Israel, Britain, France, Paris, Sweden, Norway, Czech, Austrian, Gaza City, AFP, South Africa, Ukraine

Were Trump to follow through on his vow to impose tariffs on imports on Europe as well as from China, they would likely deviate further. There is also uncertainty across the continent about what the new White House will mean for the war in Ukraine. In their view, China could help to pressure Russia over Ukraine as Xi loses patience with a war he did not expect would drag on for almost three years. One senior European diplomat said that while China has never explicitly condemned Russia’s invasion of Ukraine, it has helped in other ways to rein in Moscow. continues to say that Ukraine will negotiate when Ukraine wants to negotiate,” another European official said, “and that the E.U.

Persons: Donald Trump, don’t, Trump, Vladimir Putin, “, Olaf Scholz, Putin, Sydney Walsh, Volodymyr Zelenskyy, ‘, Mike Waltz, Xi, Sergey Bobylev, ”, Keir Starmer, Xi Jinping, Starmer, Jimmy Lai, Scholz, Emmanuel Macron, David Lammy, Wang Yi, Liu Bin, Joe Biden, Wu Xinbo, ” Wu, ” Cao Lei, Kim Jong, trickier, ” Keir Simmons, Jennifer Jett Organizations: NBC, Union, NBC News, “, U.S, Economist, Chinese Communist Party, Getty Images, ”, Group, British, Xinhua News Agency, Getty, Trump, Center for American Studies, Fudan University, University of Hong Kong’s, Contemporary, Foreign, South China Locations: DUBAI, United Arab Emirates, Beijing, Brussels, China, Europe, Ukraine, we’ll, Kazan, Russia, Anadolu, South, Taiwan, Moscow, Rio de Janeiro, Britain, Hong Kong, British, Shanghai, “, Contemporary China, “ China, European, North Korea, U.S, Dubai

☆ From a call with Putin to an experimental strike, a dramatic week transforms the war in Ukraine
▼ + stars: | 2024-11-22 | by ( Nick Paton Walsh | Analysis Cnn'S International Security Editor | ) edition.cnn.com time to read: +6 min

CNN —It began with a peace move nobody wanted and ended with an experimental missile strike so rare in war Moscow gave a 30-minute heads-up to Washington. The White House publicly authorized Ukraine Sunday to fire missiles it supplied into Russia proper, which it swiftly did Monday. Moscow responded by using an experimental medium-range missile, with hypersonic speeds and a multiple warhead system usually reserved for nuclear payloads, to strike Dnipro Thursday. Similarly, Putin’s decision to launch the Oreshnik missile was likely Moscow stepping up another rung on a carefully prepared ladder of escalation. Yuri Budanov, head of Ukraine’s defense intelligence, said Friday it was a “medium-range ballistic missile, a nuclear weapons carrier.

Persons: Donald Trump’s, Putin, Olaf Scholz, Vladimir Putin, Scholz, Trump, Joe Biden’s, ’, Russia’s, ”, Yuri Budanov, ” Budanov, Biden Organizations: CNN, White House, Ukraine Sunday, Dnipro Thursday, Kremlin, Russia’s, Foundation, NATO, Intermediate Nuclear Forces, US, United Kingdom’s Defence Intelligence Locations: Moscow, Washington, Ukraine, Russia, Germany, Europe, Poland, France, Dnipro, Kyiv, Kharkiv, Kupiansk, Zaporizhzhia, Kursk

☆ One of the world's richest families plans to create Paris's next big soccer success
▼ + stars: | 2024-11-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

"There is an anomaly in French football and in Parisian football, that it is probably the only big city in Europe with only one big football club. France's billionaire Arnault family, owners of luxury group LVMH and one of the richest dynasties on the planet, is preparing to secure majority ownership of minor soccer club Paris FC — but sees any sporting turnaround as a long-term aim. Antoine Arnault speaks to the media during the Paris FC press conference at Groupe ADP – Centre d’entrainement Paris FC on November 20, 2024 in Orly, France. Asked by CNBC whether he saw Paris FC as a potential challenger, Arnault said: "That would be very immodest of us, to even compare ourselves to Paris Saint-German. Arnault told CNBC that if his family wanted a "trophy asset," they would have looked elsewhere.

Persons: Arnault, CNBC's Charlotte Reed, Red Bull, Antoine Arnault, Bernard Arnault, Bull, Germain, We're, Jürgen Klopp, Ryan Reynolds, Rob McElhenney Organizations: Paris FC, Associated Press, CNBC, Leipzig, Austria's, Paris FC —, Groupe ADP –, d’entrainement Paris FC, Qatari, titans Paris Saint, French, Paris Saint, League, Champions League, Liverpool, Premier League, Welsh, Wrexham AFC —, Bull Locations: Europe, Paris, Austria's Salzburg, Orly, France, English, Leipzig, Salzberg

☆ Merkel Memoir Recalls What It Was Like Dealing With Trump and Putin
▼ + stars: | 2024-11-22 | by ( Christopher F. Schuetze | Steven Erlanger | ) www.nytimes.com time to read: +1 min

Shortly after Donald J. Trump’s 2017 inauguration, Angela Merkel, who was then Germany’s chancellor, visited Washington. After hearing the photographers demand “handshake, handshake,” an urging that Mr. Trump ignored, Ms. Merkel tried herself, she relates in a new memoir. “They want to have a handshake,” she said in a hushed tone audible to the press corps just feet away. “As soon as I said that, I shook my head mentally at myself,” Ms. Merkel wrote, according to excerpts from the memoir released this week in Die Zeit, the German weekly. “How could I forget that Trump knew exactly what effect he wanted to achieve?” she added.

Persons: Donald J, Trump’s, Angela Merkel, Trump, Merkel, ” Ms, ” Organizations: European Union Locations: Washington, Germany, Crimea

☆ Why Germany’s Economy, Once a Leader in Europe, Is Now in Crisis
▼ + stars: | 2024-11-22 | by ( Melissa Eddy | ) www.nytimes.com time to read: +1 min

Germany, Europe’s largest economy, has not seen significant growth in the past two years. On Friday, the country’s economy recorded 0.1 percent growth from July to September, but it is forecast to contract over the entire year. And economists do not expect to see a return to growth in 2025, unless a new government can make significant changes quickly. Driving that point home, Germany’s largest auto supplier, Bosch, said on Friday that it planned to cut 5,500 jobs, beginning in 2027. High energy prices, a complex bureaucracy, an aging public infrastructure and geopolitical developments have hurt Germany’s export industry.

Organizations: Bosch Locations: Germany, Europe’s

☆ Debt brake reform is possible, German finance minister says
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDebt brake reform is possible, German finance minister saysJörg Kukies, German finance minister, discusses the country's debt brake policy and plans for Germany's 2025 budget in a panel with CNBC's Annette Weisbach.

Persons: Jörg Kukies, CNBC's Annette Weisbach

☆ A long-standing debt rule helped collapse Germany's government. Now the policy is ripe for reform
▼ + stars: | 2024-11-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +5 min

But what is the debt brake and why is it so contentious? Germany's debt brake, or 'Schuldenbremse,' is a fiscal rule that forms part of the German constitution. In some exceptional circumstances, the debt brake can be suspended — this happened for example during the Covid-19 pandemic. watch nowWhen the debt brake was first implemented, its advocates argued that it would ensure a sustainable, responsible approach to public finances and spending. Critics meanwhile, say the debt brake is too restrictive, and that it has hampered investment which is necessary for a successful future.

Persons: Olaf Scholz, John Macdougall, Christian Lindner, Scholz, Lindner, Philippa Sigl, CNBC's Annette Weisbach, Holger Schmieding, Carsten Brzeski Organizations: Bundestag, Afp, Getty, Former, Green, European Commission, CNBC, ING Locations: Germany, Russia, Ukraine

☆ Should Olaf Scholz Step Aside in the New Race for German Chancellor?
▼ + stars: | 2024-11-21 | by ( Christopher F. Schuetze | Jim Tankersley | ) www.nytimes.com time to read: +1 min

Earlier this month, as he prepared to give one of the most important speeches of his political career, Chancellor Olaf Scholz of Germany appeared before Parliament in a suit that appeared at least a size or two too large. Mr. Scholz has never seemed a natural fit as chancellor. He was an unlikely selection to lead his Social Democratic Party four years ago. Now, his popularity has sunk, his government has broken up, and Mr. Scholz finds himself fighting for his political life. Mr. Biden eventually stepped aside, and his replacement on the ballot, Vice President Kamala Harris, lost in November to former President Donald J. Trump.

Persons: Chancellor Olaf Scholz, Germany, Scholz, —, Biden, Kamala Harris, Donald J, Trump Organizations: Social Democratic Party, Democratic Party

☆ Auto worker wipeout: Why car companies are cutting thousands of jobs
▼ + stars: | 2024-11-21 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +5 min

This is due to unprofitable EV investments, Chinese market losses, and more domestic competition. Ford, General Motors, and Stellantis plan to slash thousands from their workforce in the coming months. AdvertisementBut despite that growth — and with EVs accounting for roughly 10% of US auto sales — companies not named Tesla have struggled to make their EV businesses profitable. German carmakers are losing out to Chinese EV upstarts like BYD. Analysts say inventory levels are improving at Stellantis and industry-wide as automakers react to a slower sales environment.

Persons: Ford, Josh Lefkowitz, EVs, That's, Tesla, Tim Levin, Daniel Pier, Stellantis, Price, Donald Trump Organizations: Ford, GM, Volkswagen Group, General Motors, Volkswagen, Silverado, Angeles Auto, EV, Cadillac, VW Group, Geely, VW, Competition Locations: Germany, Cadillac Lyriq, China, United States

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