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☆ Her teenage summer crush unexpectedly came back into her life. ‘I felt like I was reconnecting with my best friend’
▼ + stars: | 2024-09-13 | by ( Francesca Street | ) edition.cnn.com time to read: +19 min

He remembers the way she walked down the beach, recalls noticing her immediately, wanting to talk to her. “We’d download songs and listen to the album at the same time,” recalls Vlad. “The emotion was really, really intense. Iga OlszakWhile Vlad and Iga were together in Germany, they talked about the potential of Iga visiting Vlad in the US. “He created that space for me where it felt really good and I finally felt okay to say the truth,” she says.

Persons: Iga Olszak, Vlad Dimovski, Iga, Vlad, “, Skotina, ”, ” Vlad, ” Iga, …, wasn’t, –, that’s, ’ ”, Vlad’s, She’d, he’d, Iga –, weren’t, they’d, Olszak, I’d, who’d, ”, “ I’d, Will, ’ ” Vlad, Luca, Klara, They're, – he’d, “ I’m, we’ve Organizations: CNN, CNN Travel, “, Facebook Locations: Skotina, Greece, Poland, North Macedonia, Mount Olympus, Iga, Germany, Chicago, Republic of Macedonia, Europe, Bielefeld, “, Florida, Macedonia, pouting

☆ With 'Beetlejuice's $110 million box-office debut, Jenna Ortega is proving she's the next bankable Hollywood star
▼ + stars: | 2024-09-09 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +5 min

Read previewZendaya's meteoric rise from Disney Channel star to the most bankable young actress in Hollywood has been impressive to watch. Though Ortega's climb to stardom in some ways mirrors that of the "Dune" star, Ortega is forging a different path. AdvertisementOrtega has leaned into darker roles to find successJenna Ortega in "Beetlejuice Beetlejuice." Now, Ortega is taking the next step toward full-blown movie stardom, showing her worth as a bankable star leading a major franchise with "Beetlejuice Beetlejuice." Jenna Ortega at the 81 Venice International Film Festival for the "Beetlejuice Beetlejuice" red carpet.

Persons: —, she's, Jenna Ortega, Ortega, Tim Burton's, Harley Diaz, Princess Isabel, Elena, Avalor, Zendaya, Daniel Leal, Sydney Sweeney, Ellie Alves, Chiabella James, Warner, Luca Guadagnino, Jenna, Sicilia, it's, Tim Burton, there's Organizations: Service, Disney Channel, Business, Warner Bros, Disney, Netflix, Warner Bros ., Getty, Marvel, Zendaya Locations: Hollywood, London, England

☆ Watch out, Zendaya: Jenna Ortega could be young Hollywood's next bankable star
▼ + stars: | 2024-09-09 | by ( Jason Guerrasio | ) www.businessinsider.com time to read: +5 min

Read previewZendaya's meteoric rise from Disney Channel star to the most bankable young actress in Hollywood has been impressive to watch. Though Ortega's climb to stardom in some ways mirrors that of the "Dune" star, Ortega is forging a different path. AdvertisementOrtega has leaned into darker roles to find successJenna Ortega in "Beetlejuice Beetlejuice." Like Zendaya, Ortega is using existing IP to grow her careerZendaya plays Chani in the "Dune" franchise. Jenna Ortega at the 81 Venice International Film Festival for the "Beetlejuice Beetlejuice" red carpet.

☆ Burberry's FTSE relegation confirms a long fall from grace for the luxury fashion icon
▼ + stars: | 2024-09-04 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

The company slipped into the FTSE 250 during September's quarterly rebalancing, index provider FTSE Russell said in a statement, bringing its 15-year run in the U.K. large-cap FTSE 100 blue-chip index to a close. The company's current market cap of £2.34 billion ($3.06 billion) now puts it well below the other constituents of the FTSE 100, as well as some of the top performers in the FTSE 250. As such, funds that invest in the FTSE 100 will exit their Burberry holdings. The luxury label's addition to the FTSE 100 in September 2009 was taken as a further mark of its enduring appeal and its resilience, even amid the global financial crisis. The luxury sector as a whole has suffered from a prolonged downturn in consumer spending amid inflationary pressures and broader economic uncertainty.

Persons: Dave Rushen, Burberry Burberry's, Edward Berthelot, —, Joshua Schulman, Luca Solca, Bernstein, Michael Kors, Josh Schulman, Solca, Burberry, Piral Dadhania, Richard Chamberlain, Schulman, Gerry Murphy, Cole Smead, Henry Nicholls, Smead, Hugo Boss, Gucci, Kering Organizations: UNITED, Burberry, New Bond, Getty, LONDON, Burberry Group, Russell, London Stock Exchange, jittery, CNBC, RBC, Sky News, Smead Capital Management, Afp Locations: UNITED KINGDOM, Basingstoke, England, British, U.S, London, China, Asia, Japan

☆ Buy these stocks with solid earnings power during the volatility, Wolfe Research says
▼ + stars: | 2024-08-14 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Second quarter earnings season has delivered robust profits despite the recessionary concerns that have roiled the market in recent days. Now, Wolfe Research recommends a handful of stocks that are positioned to outperform in the back half of the year. Here are some of the stocks that made the Wolfe Research screen: Apple was the only "Magnificent Seven" stock that made Wolfe's screen. Zoetis also appeared on the Wolfe screen. Duke Energy , which also reported quarterly results that beat expectations last week, also made Wolfe's screen.

Persons: Chris Senyek, Wolfe, Apple, Luca Maestri, Kellanova, FactSet, Mars, Snickers –, CNBC's David Faber, Hershey, althought, Zoetis Organizations: Wolfe Research, Apple, LSEG, Pfizer Animal Health, Duke Energy Locations: Chicago, New Jersey, North Carolina

☆ Panel member who ruled on Jordan Chiles’ Olympic bronze medal appeal has a history of representing Romania in legal cases
▼ + stars: | 2024-08-13 | by ( Don Riddell | David Close | ) edition.cnn.com time to read: +4 min

CNN —American gymnast Jordan Chiles and the US Olympic team may very well feel like protagonists in a Franz Kafka novel, as they find themselves trapped in an increasingly surreal scenario while attempting to reclaim her bronze medal. Dr. Hamid G. Gharavi, Philippe Sands and Song Lu sat on the panel, of which Gharavi was the president, according to CAS. Gharavi’s resume, linked on CAS’ website, lists multiple legal cases in which he has represented Romania in arbitration cases. USA's Jordan Chiles, left, and Romania's Ana Bărbosu during the Paris Olympics' artistic gymnastics women's floor exercise final. USA's Simone Biles, Brazil's Rebeca Andrade, and USA's Jordan Chiles celebrate during the medal presentation following the Paris Olympics' artistic gymnastics women's floor exercise final.

Persons: Jordan Chiles, Franz Kafka, Chiles, Romanian Ana Bǎrbosu, Hamid G, Gharavi, Philippe Sands, Song Lu, USA's Jordan Chiles, Romania's Ana Bărbosu, USA's Simone Biles, Brazil's Rebeca Andrade, Luca Castro, Bǎrbosu, Christine Brennan, ”, Hezly Rivera, Simone Biles, Jade Carey, Sunisa Lee, Naomi Baker, “, They’d Organizations: CNN, US Olympic, Paris, Sport, Paris Olympics, Getty, Institute for, CAS, New York Times, International Bar Association, AP, US, Gymnastics, Swiss Federal Tribunal, Jordan, Paralympic, Paris Games Locations: Romanian, Romania, Beijing

One of the two female boxers at the center of an Olympic gender controversy pleaded with the public to “avoid bullying all athletes” Sunday night. The association alleged that the women failed to pass unspecified gender tests that found they had male chromosomes. The International Boxing Association, whose president is Umar Kremlev of Russia, reportedly an acquaintance of President Vladimir Putin, has had its legitimacy scrutinized in recent years. (In Olympic boxing, there are no third-place matches, so two bronze medals are awarded to the semifinal losers.) Khelif also clinched an Olympic medal Saturday after defeating Hungarian Anna Luca Hamori in a unanimous decision.

Persons: Algeria’s Imane, Lin Yu, ” Khelif, Lin, Khelif, Thomas Bach, SNTV, “, ” Lin, Mark Adams, ”, Umar Kremlev, Vladimir Putin, Khelif’s, Elon Musk, Harry Potter, J.K, Rowling, she’s, ” Rowling, Donald Trump, Giorgia Meloni, Sen, Marco Rubio, ” Trump, Nikki Hiltz, ” Hiltz, Bulgarian Svetlana Staneva, Turkey’s, Kahraman, Anna Luca Hamori, Janjaem Suwannapheng Organizations: Olympic Charter, SNTV, Olympic Committee, Paris Olympics, Boxing Association, International Boxing Association, Elon, Bulgarian Locations: Taiwan, Algerian, Tokyo, Russian, Russia, Istanbul, Paris, “, Donald Trump , Italian, Thailand

The Serbian tennis legend had won all four Grand Slam titles and practically every honor there is in the sport, but the Olympic gold medal had escaped him. Paul Ellis / AFP via Getty ImagesSimone Biles' Olympic medal collection has officially reached double digits. , the American cyclist who didn’t even qualify for the Olympics but is now going home with a gold medal. Racing in a downpour, Julien Alfred won the first Olympic medal in any sport for Saint Lucia on Saturday when she took gold in the women's 100-meter final. the first Olympic medal in any sport for Saint Lucia on Saturday when she took gold in the women's 100-meter final.

Persons: Noah Lyles, Jamaica’s Kishane Thompson, ’ Fred Kerley, Hector Vivas, Lyles, Novak Djokovic, Matthew Stockman, Novak Djokovic couldn’t, Djokovic, Carlos Alcaraz, Simone Biles, Paul Ellis, ”, Biles, hasn’t, “, ” Biles, Suni Lee, Kaylia Nemour, Qiu Qiyuan, David Li, Imane, Hungarian Anna Luca Hámori, ” Khelif, Lin Yu, Thomas Bach, Kristen Faulkner, Bobby Finke, Katie Ledecky can’t, Julien Alfred, Saint Lucia, Sha'Carri Richardson, Kamala Harris, Whom Harris, we’ll, Andy Beshear, Pete Buttigieg, Sen, Mark Kelly of, JB Pritzker, Josh Shapiro, Tim Walz, MAGA, Harris, Nikki Haley, Donald Trump, Trump, Vance, SCOTUS, Neil Gorsuch, Joe Biden's, Debby, Storm Debby, Darren Staples, Keir Starmer, Israel, Ismail Haniyeh, Fuad Shukr, “ They’ll, Michael G Organizations: Paris Olympics, U.S, Olympic, Getty, NBC News Algerian, Team USA, Saint, Paris, Taxi, Philadelphia . Kentucky Gov, Mark Kelly of Arizona ,, Mark Kelly of Arizona , Illinois Gov, Minnesota Gov, Democratic, Republican, GOP, ABC, Fox News, Tropical, National Hurricane Center, NOAA, U.S . Justice Department, Protesters, NBC News, NBC News Companies Locations: Serbian, Paris, Tokyo, Los Angeles, China, Hungarian, Taipei, U.S, Philadelphia . Kentucky, Mark Kelly of Arizona, Mark Kelly of Arizona , Illinois, Pennsylvania, Florida, of Mexico, Rocky, Southern California, Mississippi’s, Nottingham, England, AFP, Southport —, Liverpool, Hull, Israel, Iran, Breakwater, Rockland , Maine, South Florida, Nashville , Tennessee, Atlanta

Bach said there was “never any doubt” about Yu-ting and Khelif being women. The decision came shortly after Khelif beat Russian boxer Azalia Amineva, who was previously undefeated. Jan Woitas / dpa / picture alliance via Getty Images“I strongly condemn the baseless attacks on our athlete, Imane Khelif, by certain foreign outlets,” Abderrahmane Hammad, Algeria’s minister of youth and sports, wrote on X. “Simply put, Imane Khelif and the other athletes being targeted met the criteria to compete in the Olympics. Yu-ting, 28, beat Uzbekistan’s Sitora Turdibekova on Friday and will face Bulgaria’s Svetlana Kamenova Staneva on Sunday.

Persons: Imane Khelif, Thomas Bach, Lin Yu, Hungarian Anna Luca Hamori, Khelif, “, Bach, ” Bach, Angela Carini, Carini, Yu, Fabio Bozzani, Umar Kremlev, Vladimir Putin, Azalia Amineva, ”, Amar Khelif, Sheng Jiapeng, ” Carini, Harry Potter ”, J.K, Rowling, she’s, ” Rowling, Donald Trump, Jan Woitas, Imane, Abderrahmane Hammad, ” Ismaël, Nikki Hiltz, ” Khelif’s, Hungary’s Anna Luca Hamori, Uzbekistan’s Sitora Turdibekova, Svetlana Kamenova Staneva Organizations: Olympic, Hungarian, IOC, Paris Games, Khelif, Getty, International Boxing Association, Tokyo Games, Reuters, International Olympic, Algerian national, Olympic Games, Black Justice, “ Locations: Italy, Algerian, Anadolu, New Delhi, Russia, Paris, ’

Villepinte, France CNN —Algerian boxer Imane Khelif won her women’s 66kg welterweight quarterfinal bout by unanimous points decision against Hungary’s Anna Luca Hamori on Saturday, guaranteeing herself an Olympic medal in front of a near-capacity crowd that ardently had her back. The stadium had a significant Algerian presence, many on their feet, waving flags or scarves in support of Khelif. Imane Khelif will receive a medal at these Olympics. Khelif was born a woman and International Olympic Committee President Thomas Bach said Saturday that the organization firmly supported the Algerian. Fans gathered to support Imane Khelif.

Persons: Imane Khelif, Hungary’s Anna Luca Hamori, Hamori, Isabel Infantes, Angela Carini, Carini, Khelif “, Khelif, Thomas Bach, Bach, ”, ” Bach, ” Khelif, Katie Goodale, Reuter “, “, Suwannapheng Organizations: France CNN, North Paris Arena, International Olympic, Hamori, USA, Sports, CNN Locations: Villepinte, France, Algerian, Khelif, Algeria

☆ Boxer Imane Khelif, previously barred from women's events, wins first Paris Olympics fight
▼ + stars: | 2024-08-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Matt-Lavietes-Byline-Jm.Jpg | Matt Lavietes | ) www.nbcnews.com time to read: +5 min

A female boxer whose gender identity has recently been questioned won her first fight at the Paris Olympics on Thursday. Imane Khelif of Algeria defeated Angela Carini of Italy after Carini quit 46 seconds into the match. “Full support for our champion Imane Khelif, who is suffering a wave of unjustified hatred,” he wrote on X. Abderrahmane Hammad, Algeria’s minister of youth and sports, addressed concerns over Khelif’s gender identity Wednesday. “I strongly condemn the baseless attacks on our athlete, Imane Khelif, by certain foreign outlets,” he wrote on X.

Persons: Imane, Angela Carini of, Carini, Lin Yu, ” Carini, it’s, ”, we’re, Giorgia Meloni, Donald Trump, Sen, Marco Rubio, Kristi Noem, ” Trump, Khelif’s, “ Harry Potter ”, J.K, Rowling, Elon Musk, Kamala, ” Musk, Trump, Khelif, Ismaël Bennacer, Imane Khelif, ” Khelif, Thursday’s, “, Taiwan's Lin, Abderrahmane Hammad, Hungary’s Luca Anna Hamori Organizations: Paris, Tokyo Olympics, Italian, Olympic, South Dakota Gov, Billionaire, Algerian national team, Olympic Games, International Olympic, International Boxing Association, IOC, IBA, Algerian Olympic, Sports, Sports Committee Locations: Algeria, Angela Carini of Italy, Taiwan, New Delhi, “, Khelif, Saturday’s

☆ Apple is spending more on AI, but remains far behind its Silicon Valley peers
▼ + stars: | 2024-08-01 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple Intelligence, the company's forthcoming artificial intelligence system, could spur a fresh cycle of iPhone upgrades and hardware sales. One question Cook was willing to partially address was about the company's spending on AI servers. "Embedded in our results this quarter is an increase year over year in the amount we're spending for AI and Apple Intelligence," Cook told CNBC's Steve Kovach on Thursday. The rise in Apple's capital expenditure is tiny compared to its mega-cap peers, such as Microsoft, Google , and Meta . Zuckerberg also wants to ensure that Apple won't fully control the next major technology shift, if it turns out to be AI.

Persons: Tim Cook, Luca Maestri, Cook, CNBC's Steve Kovach, Mark Zuckerberg, Zuckerberg Organizations: Apple Intelligence, OpenAI, CNBC, Apple, Microsoft, Google, Meta, Nvidia

☆ Apple's earnings beat puts it on sure footing ahead of next month's AI iPhone launch
▼ + stars: | 2024-08-01 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

However, the expected AI-driven boom in new iPhone sales does represent a clear positive catalyst on the near-term horizon. Products iPhone sales were down slightly in the quarter. Services All-time revenue record, with an all-time record set in developed markets and a June quarter record set in emerging markets. Services are expected to grow at a double-digit rate similar to the rate seen in Apple's fiscal 2024 first quarter. A person poses holding the original iPhone and the new iPhone 15 outside the Fifth Avenue Apple Store in New York City ahead of the launch of Apple’s new iPhone 15, Sept. 22, 2023.

Persons: Apple, iPhones, Tim Cook, we're, Luca Maestri, AirPods, Maestri, Cook, Jim Cramer's, Jim Cramer, Jim, Alexi Rosenfeld Organizations: Apple, Apple Intelligence, . Research, MacBook Air, iPad, Apple Watch, Services, CNBC, Getty Locations: Greater China, China, Spain, Poland, Mexico, Indonesia, Philippines, New York City

☆ Celine Dion to return to stage for performance at Olympic Games opening ceremony in Paris
▼ + stars: | 2024-07-26 | by ( Dan Heching | Pauline Lockwood | ) edition.cnn.com time to read: +2 min

CNN —Celine Dion is set to make her return to the stage at the Summer Olympic Games in Paris. Dion will close the ceremony on Friday with a performance from the first stage of the Eiffel Tower, singing a timeless classic, Edith Piaf’s “L’Hymne à l’amour”. Dion, 56, announced in December 2022 that she was taking time off from professional commitments to focus on her health after revealing her diagnosis. Lady Gaga performs in Paris, France, ahead of the opening ceremony of the 2024 Summer Olympics on Friday. In her documentary, Dion said she was determined to make her return to performing.

Persons: Celine Dion, Dion, Edith Piaf’s “, entertainer’s, ”, Lady Gaga, Zizi Jeanmaire, France’s, Luca Bruno, Celine Dion ”, NBC’s, Kotb, “, Lisa Respers France, Alli Rosenbloom Organizations: CNN, Eiffel, National Institute of Neurological Disorders, AP Locations: Paris, London, England, “, France

Will These Sensational Skateboarding Tricks Win Japan Olympic Gold? Tokyo Olympics results If scored with the new format Total ATHLETE ATHLETE Total Yuto Horigome Japan Kelvin Hoefler Brazil Kelvin Hoefler Brazil Jagger Eaton U.S. Yuto Horigome Japan Jagger Eaton U.S. Tokyo Olympics results Yuto Horigome Kelvin Hoefler Jagger Eaton Japan Brazil U.S. NYJAH HUSTON UNITED STATES Yuto Horigome JAPAN Rome 2022 5 START Huston landed 13 tricks while Horigome only did 7. NYJAH HUSTON UNITED STATES Yuto Horigome JAPAN Rome 2022 Huston landed 13 tricks while Horigome only did 7. NYJAH HUSTON UNITED STATES Yuto Horigome JAPAN Rome 2022 5 START Huston landed 13 tricks while Horigome only did 7.

☆ The luxury outlook in China just keeps getting worse
▼ + stars: | 2024-07-25 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +4 min

Consumer spending in China has been improving "more moderately than before COVID-19," Luca Solca, a luxury goods analyst at Bernstein, told Business Insider. In its most recent quarter, Burberry's Chinese sales revenue declined 21% from last year. Massive discounts and online shoppingTo try to boost sales, luxury brands have given massive discounts to Chinese consumers. Luxury goods are still popular with wealthy Chinese shoppers — just not in China. Not all luxury brands are feeling the heat in China.

Persons: —, LVMH, Jean, Jacques Guiony, Luca Solca, Bernstein, Solca, Hugo Boss, Richemont, Cartier, Versace, Marc Jacobs, Damien Yeo, Yeo, TD Cowen, Guiony, Hermès Organizations: Service, Gucci, Business, Consumer, Swatch, Asia, Brands, Balenciaga, Bloomberg, Burberry, Fitch Solutions Locations: Asia, China, China , Hong Kong, Macau, Asia Pacific, Japan

☆ The post Covid-19 euphoria surrounding luxury spending has dissipated in the West, analyst says
▼ + stars: | 2024-07-25 | 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 EmailThe post Covid-19 euphoria surrounding luxury spending has dissipated in the West, analyst saysLuca Solca, senior luxury analyst at Bernstein, discusses the wider luxury space after a series of profit warnings from several major players, with many pointing to a slowdown in the Chinese market.

Persons: Luca Solca, Bernstein Locations: West

☆ Shares of Gucci-owner Kering hit seven-year low after weak forecast, revenue drop on low China sales
▼ + stars: | 2024-07-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Shares in Gucci-owner Kering fell on Thursday, after the luxury group announced a sharp decline in revenue in the first half of the year and issued a weak forecast for the remaining six months of the year. Kering shares dropped as much as 9% as markets opened, trading around levels last seen in August 2017. "There was a marked deceleration in China, while trends did not improve greatly in North America and Europe," Kering added. Gucci posted the worst first-half performance of these brands, with revenue shedding 18% on a comparable basis. Kering is the latest in a series of luxury brands to log declines, with the world's largest luxury group LVMH reporting lower-than-expected sales earlier this week.

Persons: Gucci, Kering, Yves Saint Laurent, Bottega, Luca Solca, Bernstein, CNBC's, it's, Solca Organizations: Gucci, Wednesday, Japan Locations: New York City, London, Japan, China, North America, Europe

☆ A TikToker went viral for calling Europe 'Disneyland for Americans.' To be honest, he might have a point.
▼ + stars: | 2024-07-24 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +3 min

Read previewA TikToker has racked up nearly a million views in a recent video that explained how Europe is becoming a hotbed for American tourists. And he's not wrong that some European cities are being treated solely as tourist attractions rather than as people's homes. Other European cities are facing similar problems. AdvertisementHowever, the TikToker wasn't particularly sympathetic to the plight of tourist-ridden European cities. "It's ok you had a good run, time to accept your fate Europe," the TikToker captioned the video.

Persons: —, Dan Rosen, Luca Bruno, Rosen Organizations: Service, Disney, Business, AP, Reuters, European Travel Commission Locations: Europe, Barcelona, Venice, Lake Como, Italy, Switzerland

☆ Americans Still Shop for Luxury Items in Physical Stores, Not Online
▼ + stars: | 2024-07-23 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

It found that people generally have a strong preference for a brick-and-mortar experience when buying luxury items. Online luxury sales picked up during the pandemic but have since come back down to earth. The overarching theme is that many consumers haven't warmed up to shopping luxury — namely, ultra-luxe items and brands — online. AdvertisementWe try to treat luxury with the same e-commerce experience we use for paper towels, and that just doesn't work. For the most part, luxury brands prefer that customers would rather shop in-store.

Persons: Gen Z, Claire Tassin, haven't, Jason Goldberg, hasn't, Goldberg, Luca Solca, Solca, Nora Kleinewillinghoefer, Prada, Tassin, Louis Vuitton, Kleinewillinghoefer, Emily Stewart Organizations: Walmart, Morning, Moda, Groupe, Bernstein, Bain & Company, Burberry, Gucci, luxe, Companies, Amazon, Business Locations: —, Kearney

☆ It looks like the party's over for luxury goods in China
▼ + stars: | 2024-07-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Read previewHugo Boss, Burberry, Richemont, and Swatch have all called out slumping sales in China this week as consumers cut back on luxury spending. Swiss watch group Swatch said it expects the Chinese market "to remain challenging for the entire luxury goods industry until the end of the year." But much of this spending has been overseas, and sales in China have fallen for some of the world's biggest luxury brands. AdvertisementBefore the pandemic, about two-thirds of Chinese luxury spending occurred outside mainland China, plummeting to less than 10% in 2021 and 2022 because of travel restrictions, according to data from Bain. The consultancy said that this started to rebound in 2023 with the return of overseas tourism, with an estimated 30% of luxury spending taking place outside mainland China.

Persons: —, Hugo Boss, Burberry, Gerry Murphy, they've, Bain, Luca Solca, Vacheron Constantin, Marc Jacobs, Versace, Richemont Organizations: Service, Swatch, Business, Bain & Company, Richemont, Cartier, Burberry, Financial Times, Bain, Prada, The Financial Times, Luxury Summit Locations: China, Swiss, Americas, Hong Kong, Macau, Japan, South Korean, East

☆ Scientists unveil prototype spacesuit system that recycles urine as drinking water
▼ + stars: | 2024-07-12 | by ( Amarachi Orie | ) edition.cnn.com time to read: +7 min

Now, such technology appears to be on the horizon, with scientists unveiling a prototype spacesuit system that turns urine into drinking water. When spending these long periods on spacewalks, astronauts currently wear the familiar white puffy EVA suits, which contain a maximum absorbency garment. Above is a side view of the whole system, worn as a backpack. ‘Dune’ systemTo “promote astronaut wellbeing,” the researchers have designed a novel in-suit urine collection and filtration system, or “Dune” system,” Etlin said. Luca BielskiThe liquid would then enter the filtration system, a two-step apparatus that removes water from urine into a salt solution, with a pump then separating pure water from salt.

Persons: “, Sofia Etlin, Weill Cornell Medical College’s, Karen Morales, ” Etlin, Luca Bielski, Spacesuits, Etlin, Artemis, ” Organizations: CNN, Cornell University, Space Technology, NASA, Collins Aerospace, Weill Cornell Medical, Astronauts Locations: New York, Houston, Mars

☆ Milan’s Malpensa airport to be renamed after Silvio Berlusconi
▼ + stars: | 2024-07-08 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +2 min

CNN —Malpensa, Milan’s biggest airport, and the second-busiest in Italy, will be renamed after the country’s late former prime minister, Silvio Berlusconi. The international airport is the second-busiest in Italy by passenger numbers. “He is always with us.”It is unclear when Malpensa, which offers flights to 180 destinations in 77 countries, will officially be renamed. Berlusconi, a billionaire who once described himself as the “Jesus Christ of politics,” died in June last year at age 86. He was elected prime minister three times and served for a total of nine years, longer than anyone since fascist dictator Benito Mussolini.

Persons: CNN —, Silvio Berlusconi, Matteo Salvini, ”, Salvini, Emanuele Cremaschi, Silvio, ” Salvini, Berlusconi, Christ, Benito Mussolini, Pierfrancesco Majorino, Majorino, Luca Attanasio, “ Attanasio, ” Majorino, “ Organizations: CNN, National Civil Aviation Authority, Lombardy Council’s Democratic Party, Democratic Locations: Milan’s, Italy, Milan Malpensa, Lombardy, Milanese, Democratic Republic of Congo, Goma

☆ I'm an American mom living in Spain. There are no summer camps in August, and everyone tends to travel.
▼ + stars: | 2024-07-06 | by ( Jennifer Fernández Solano | ) www.businessinsider.com time to read: +6 min

Related storiesWhen we return from the States, Luca will attend two different summer camps. I love that most schools in Spain offer affordable on-site summer campsCompared to the US, I found that most schools in Spain offer on-site summer camps at a low cost, focusing on sports and art activities. In the US, summer school is more academic, often used to catch up on subjects or get ahead for the next year. Then there are summer camps, which typically last a week but can be expensive. In Spain, summer camp options include on-site school camps with sports and arts, sleepaway camps, or day camps without overnight stays.

Persons: Jennison Grigsby, It's, I've, Luca, He's, he'll, we're, aren't, they're, Valenciano Organizations: Service, Valencia Football Club, FaceTime Locations: American, Valencia, Spain, California, Valenciano, Spanish

☆ This Italian vacation hotspot is turning tourists away as it runs out of water
▼ + stars: | 2024-07-06 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +9 min

CNN —Set atop a hill on the Italian island of Sicily, Agrigento is a heritage tourist’s paradise. Sicily began enforcing water restrictions in February when the region declared a state of emergency amid a relentless drought. Tourists at the Temple of Concordia, an ancient Greek archeological site outside of Agrigento in southern Sicily, Italy. Sicily’s regional president, Renato Schifani, said the island’s losses — between crops, empty reservoirs and dying livestock — have already topped €1 billion. “The consortium used to guarantee water rotation every five or six days,” he said, referring to a farmers representative group.

Persons: Leisa Tyler, LightRocket, “, ” Giovanni Lopez, Diana Santanchè, Summers, Marco Maccarrone, ”, Maccarrone, Fabrizio Villa, Nicola Farruggio, Francesco Picarella, ” Picarella, Luca Cammarata, He’s, Alberto Pizzoli, ANBI, Renato Schifani, CNN’s Antonia Mortensen Organizations: CNN, of, Sicilian, Italian National Institute for Environmental Protection, Research, Getty, Sicily’s Hotel Federation, Agrigento’s Hotel Federation, of Culture, Water Resources Locations: Sicily, Agrigento, Italy, Rome, Syracuse, Pergusa, Italian, Caltanissetta, Mount Etna, AFP

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