DIRS.INFO The most relevant business & tech news

☆ How a global seafood giant broke Red Lobster
▼ + stars: | 2024-05-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +15 min

Former Red Lobster employees say that while the pandemic, inflation and rent costs impacted Red Lobster, Thai Union’s ineptitude was the pivotal factor in Red Lobster’s decline. Kenny criticized Red Lobster employees at meetings and made derogatory comments about them, according to former Red Lobster leaders who worked closely with Kenny. Red Lobster’s annual customer count has dropped by 30% since 2019, Red Lobster said in its bankruptcy filing. Red Lobster employees say they were pressured by Thai Union representatives to buy more seafood from Thai Union. Thai Union representatives also began sitting in on meetings between Red Lobster and seafood suppliers, said one of the former Red Lobster employees who witnessed these conversations.

Persons: “, Ludovic Garnier, Jorge Silva, Red Lobster’s, ”, Les Foreman, Red, Thiraphong Chansiri, Angel, Feng shui, Chansiri, Amanda Mustard, Paul Kenny, Kenny, ’, Kenny’s, Bill Darden, General Mills, Darden, Kelli Valade, Valade, Trin, Tapanya, Kevin Lamarque, Barry Fulghum, Lobster, Leah Millis Organizations: New, New York CNN, Thai Union Group, Red, Lobster, Thai Union, CNN, Red Lobster, John West Foods, longtime, Reuters, Thai, West Coast, Lobster’s, Bloomberg, Getty, Minor, Thai Union —, Union, Darden, Gate, Golden, Capital, Facebook, Thai Union . Thai Union, ” Thai Union Locations: New York, Thai, Thailand, Thai Union, United States, Orlando, Australian, Dallas, America, United, Texas, Spring , Maryland

☆ Putin orders tactical nuclear weapon drills to deter the West
▼ + stars: | 2024-05-06 | by ( ) www.cnbc.com time to read: +5 min

Russia's defense ministry said it would hold military drills including practice for the preparation and deployment for use of non-strategic nuclear weapons. "During the exercise, a set of measures will be carried out to practice the issues of preparation and use of non-strategic nuclear weapons," the ministry said. Russia and the United States are by far the world's biggest nuclear powers, holding more than 10,600 of the world's 12,100 nuclear warheads. No power has used nuclear weapons in war since the United States unleashed the first atomic bomb attacks on the Japanese cities of Hiroshima and Nagasaki in 1945. Major nuclear powers routinely check their nuclear weapons but very rarely publicly link such exercises to specific perceived threats in the way that Russia has.

Persons: Vladimir Putin, Alexey Danichev, Natalia Kolesnikova, Joe Biden, Andriy Yusov, Sergei Shoigu, Emmanuel Macron, Volodymyr Zelensky, Ludovic Marin, David Cameron, Dmitry Peskov, Putin, Abrams, Sean Gallup Organizations: Federal Assembly's Council, Reuters, Missile, Southern Military District, Military, Victory Day, Afp, Getty, Russian Federation, Federation of American Scientists, CNN, Ukraine, Kremlin, U.S . Senate, AFP, British, NATO, U.S . Army, British Amphibious Engineer Battalion Locations: Saint Petersburg, Russia, Reuters Russia, Moscow, France, Britain, United States, Ukraine, U.S, China, Hiroshima, Nagasaki, Russian, Paris, London, Soviet Union, Gniew, Poland

☆ Putin orders tactical nuclear weapons drills in response to Western ‘threats’
▼ + stars: | 2024-05-06 | by ( Anna Chernova | Christian Edwards | ) edition.cnn.com time to read: +4 min

CNN —President Vladimir Putin has ordered Russian forces to rehearse deploying tactical nuclear weapons, as part of military drills to respond to what he called “threats” by the West. Since invading Ukraine in 2022, Putin has repeatedly made veiled threats to use tactical nuclear weapons against the West, but Monday marked the first time Russia has publicly announced drills. “During the exercises, a set of measures will be carried out to practice the issues of preparation and use of non-strategic nuclear weapons,” Russia’s defense ministry said. Non-strategic, or “tactical,” nuclear weapons can be used in battlefield situations, carrying less power than strategic nuclear weapons, which have the potential to level entire cities. Putin said Russia would not be the first to test nuclear weapons, but would do so in the event of a US test.

Persons: Vladimir Putin, Putin, Dmitry Peskov, Emmanuel Macron, I’m, ” Macron, Ludovic Marin, David Cameron, ” Cameron, Macron, “, Joe Biden, ” Organizations: CNN, Russia, Economist, Getty, United, Ukraine, Kyiv, State Department, US, military’s, Staff, Southern Military District Locations: Russian, Ukraine, Russia, Western, Europe, AFP, United Kingdom, United States, Moscow, Hiroshima, Nagasaki

☆ France moves to rescue Atos as former IT crown jewel struggles to stay afloat
▼ + stars: | 2024-04-29 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

This photograph taken on April 26, 2024 shows the headquarters of the French multinational information technology company ATOS in Bezons, near Paris. The offer was based on an indicative enterprise valuation between 700 million euros ($750 million) and 1 billion euros as part of the offer, the firm said. "There are within Atos sovereign activities that must remain under the exclusive control of France," he said, according to a CNBC translation. Atos' net debt stood at 3.9 billion euros at the end of the first quarter, the company said earlier this month. Shares in Atos jumped as much as 19% on the news of the French government's offer early on Monday, and were last up by 22.01% at 11:57 a.m. London time.

Persons: Ludovic MARIN, LUDOVIC MARIN, Bruno Le Maire, Le Maire, Daniel Kretinsky, Atos Organizations: Getty Images, CNBC, Reuters, Airbus, Paris Locations: Bezons, Paris, AFP, French, France, Atos, London

☆ Red Lobster, home of the endless shrimp, mulls bankruptcy after spoiling its customers with all-you-can-eat lobster: report
▼ + stars: | 2024-04-18 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

It may be the end of the line for the seafood chain Red Lobster, per Bloomberg. AdvertisementSeafood chain Red Lobster is considering filing for bankruptcy, Bloomberg reported Wednesday. According to the outlet, Red Lobster is being advised by the law firm King & Spalding. Red Lobster and King & Spalding did not respond to Bloomberg's requests for comment. Representatives for Red Lobster and King & Spalding did not immediately respond to requests for comment from Business Insider sent outside regular business hours.

Persons: —, Spalding, Red Lobster's, Ludovic Garnier, servings, Ian Borden, Borden Organizations: Bloomberg, Service, King, Spalding, Thai Union Group —, Golden Corral, Business Insider Locations: Maine

(AP) — Harvard University said it has removed human skin from the binding of a 19th century book about the afterlife that has been in its collections since the 1930s. Scientific analysis done in 2014 confirmed the binding was made of human skin, the university said. In its statement, Harvard said the library noted several ways in which its stewardship practices failed to meet its ethical standards. The removed skin is now in “secure storage at Harvard Library,” Anne-Marie Eze, Houghton Library associate librarian, said in the question-and-answer session. Harvard said the skin removal was prompted by a library review following a Harvard University report on human remains in its museum collections, released in 2022.

Persons: Des, ”, Arsène Houssaye, Ludovic Bouland, Harvard, Bouland, Thomas Hyry, ” Harvard, ” Anne, Marie Eze Organizations: — Harvard University, Houghton Library, Houghton, Harvard Library, Harvard University, “ Harvard Library, Harvard Museum Locations: CAMBRIDGE, French

☆ Big changes could be coming to the way we pay for things
▼ + stars: | 2024-03-27 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're examining how a change in credit cards' behind-the-scenes fees impacts you… and your points . Under the settlement, merchants could charge customers more for using different cards despite being part of the same Visa or Mastercard network. AdvertisementTim Boyle/Getty Images; Jenny Chang-Rodriguez/BIThe agreement could ultimately reshape how consumers pay for things. AdvertisementPerhaps that's why one analyst told Business Insider's Alex Bitter he doesn't expect major retailers to pass swipe fees along to customers. But maybe, not unlike the fees the agreement targets, what seems small could eventually add up to something big.

Persons: —, Jenny Chang, Rodriguez, Insider's Grace Eliza Goodwin, Tim Boyle, David Morris, Alex Bitter, LUDOVIC MARIN, BlackRock's Larry Fink, Jeremy Grantham, Ian Shepherdson, That'll, We've, Meta, Mark Zuckerberg, Facebook execs, Francis Key Scott, Hunter Biden, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Service, Nickelodeon, Business, Mastercard, Visa, Getty, Fed, Amazon, BI Locations: Europe, LUDOVIC, Baltimore, Port, New York, London

☆ 'Everything looks rosy' in equity markets and earnings — but problems lie ahead, economist says
▼ + stars: | 2024-03-27 | 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 Email'Everything looks rosy' in equity markets and earnings — but problems lie ahead, economist saysCurrent economic soft landings are the calm before the storm, according to Ludovic Subran, chief economist at Allianz.

Persons: Ludovic Subran Organizations: Allianz

☆ Putin scores a resounding win, but what’s next for Russia?
▼ + stars: | 2024-03-17 | by ( Nathan Hodge | ) edition.cnn.com time to read: +17 min

Sovfoto/Universal Images Group via Getty Images Putin poses for a picture with his wife, Lyudmila, and daughters, Yekaterina and Maria. Brooks Kraft LLC/Corbis via Getty Images Putin rides a horse during a vacation in Southern Siberia in August 2009. Dmitry Astakhov/RIA Novosti/AFP via Getty Images Putin plays with his dogs Yume, left, and Buffy at his home in Novo-Ogaryovo, Russia, in March 2013. Chris McGrath/Getty Images Putin and Saudi Arabia's Crown Prince Mohammed bin Salman attend the G20 summit in Buenos Aires in November 2018. Getty Images Putin speaks with American right-wing pundit Tucker Carlson during an interview in February 2024.

Persons: Vladimir Putin, Putin, ”, Dmitry Kiselyov, Mikhail Mishustin, Ukraine –, Kiselyov, “, Maria Putina, Archivio GBB, ZUMA Press Wire Putin, Laski, Maria, Vladimir, Anatoly Sobchak, Lyudmila, Yekaterina, Boris Yeltsin, Yeltsin, Fidel Castro, Reuters Putin, George W, Bush, Stephen Jaffe, Camp David, Brooks Kraft, Alexey Druzhinin, Alexey Nikolsky, Mikhail Metzel, Ivan Sekretarev, AP Putin, Dmitry Medvedev, Dmitry Astakhov, Buffy, Angela Merkel, Jochen Lübke, Thomas Bach, Medvedev, Vladimir Konstantinov, Alexei Chalyi, Sergei Aksyonov, Sergei Ilnitsky, Kirill Kudryavtsev, Alexander Lukashenko, Merkel, Francois Hollande, Petro Poroshenko, Mykola Lazarenko, Barack Obama, Ban, Chip Somodevilla, Turkey Andrei Karlov, Karlov, Donald Trump, Chris McGrath, Saudi Arabia's Crown Prince Mohammed bin Salman, LUDOVIC MARIN, Emmanuel Macron, Volodymyr Zelensky, Eliot Blondet, Joe Biden, Antony Blinken, Biden, Sergey Lavrov, Denis Balibouse, Macron, Sergey Ponomarev, Mikhail Gorbachev, —, Alexander Nemenov, Alexey Danichev, Xi Jinping, Pavel Byrkin, Yevgeny Prigozhin, Wagner, Prigozhin, Pavel Bednyakov, Kim Jong Un, Kim, Tucker Carlson, Zuma Press Putin, Maxim Shemetov, – what’s, Alexey Navalny, Navalny, ” Putin Organizations: CNN, coy, Kremlin, Getty, Russian, ZUMA Press, Putin, KGB, ZUMA Press Wire, Getty Images, Reuters, US, White House, Camp, Brooks, Brooks Kraft LLC, RIA Novosti, AP, AFP, International Olympic, Crimean, Ukrainian, United Nations, UN, Assembly, Russian Foreign Ministry, Sputnik, World, Saudi Arabia's Crown, Macron, SPUTNIK, New York Times, Central Clinical Hospital, AP Putin, Belarus, State Russian Museum, AP North Korean, Vostochny, Tucker Carlson Network, Zuma Press Locations: Russia, Ukraine, Putin Russia, Russian, Bakhmut, St . Petersburg, Leningrad, Germany, Moscow, AFP, Kazan, Cuba, Soviet Union, Southern Siberia, Russia's Tver, Novo, Ogaryovo, Hanover, Sevastopol, Crimea, Belarusian, Minsk, Belarus, France, Turkey, Helsinki, Finland, Buenos Aires, Ukrainian, Paris, Geneva, Switzerland, Taganrog, Luhansk, Donetsk, Kherson, Zaporizhzhia, Tsiolkovsky, Russia's, North Korea, United States

☆ From warning on nuclear war to 'psychotropic drugs': Here are 5 things Putin told the Russian media
▼ + stars: | 2024-03-13 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +6 min

Russian President Vladimir Putin making a speech at the second Eurasian Economic Forum on May 24, 2023, in Moscow, Russia. In an interview with pro-Kremlin media published Tuesday, Putin laid out his vision for relations with the West, war and peace. 1) Russia 'technically' ready for nuclear warPutin was again keen to point out that Russia is ready for a nuclear war on a technical and military level. Nonetheless, Putin said Russia would be ready to conduct nuclear tests — if the U.S. did so. It's estimated that the war has cost Russia at least 315,000 dead and wounded troops during two years of war in Ukraine.

Persons: Vladimir Putin, Putin, Dmitry Kiselev, Mikhail Klimentyev, Ria Novosti, Rossiya, We've, Ukraine's, Joe Biden, Jens Stoltenberg, Volodymyr Zelenskyy, Ludovic Marin, Emmanuel Macron Organizations: Economic Forum, Getty, Kremlin, RIA Novosti, Ukraine Rossiya, It's, Afp, Ria, Russian Federation —, NATO, AFP, Ukraine Locations: Moscow, Russia, U.S, Ukraine, Crimea, Europe, Paris

☆ Red Lobster is offering an endless lobster feast. What should you know?
▼ + stars: | 2024-02-21 | by ( John Towfighi | ) edition.cnn.com time to read: +3 min

In celebration of its annual Lobsterfest, Red Lobster is giving 150 winners an “Endless Lobster Experience,” a two-hour complimentary feast of unlimited lobster, two sides and Cheddar Bay Biscuits. But the Endless Lobster Experience comes at a tumultuous time: Red Lobster reported a record $12.5 million operating loss in the fourth quarter of 2023. And in January, minority investor Thai Union Group announced its intent to exit Red Lobster, citing a $19 million loss from Red Lobster across the first nine months of 2023. Starting February 20 and while supplies last, 150 winners will have a chance to enjoy Red Lobster’s free feast. The chance to win the Endless Lobster Experience will be advertised through Red Lobster’s social media channels, including Facebook, X, Instagram and TikTok.

Persons: ”, headwinds, Thiraphong Chansiri, Ludovic Garnier, Chansiri, “ We’re, Lobsterfest, you’ll, “ I’m Organizations: CNN, Cheddar Bay Biscuits, Thai Union Group, Thai Union, Red Lobster, Facebook Locations: Cheddar, Florida, Maine

☆ 'Intellectually inferior' humans caused Neanderthals to go extinct, a new book claims
▼ + stars: | 2024-02-15 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

A new book “The Naked Neanderthal” says humans were the main cause thanks to their superior weapons. Compared to early humans, Neanderthals were muscular with a prominent brow and less pronounced chin. Since humans were the final species to occupy the cave, Slimak argues it's because they'd replaced those Neanderthals by wiping them out. Humans' superior weaponsScientists have found relatively few weapons belonging to Neanderthals , Slimak wrote. Yet genes can't tell us much about the nature of these interactions or how closely or amicably humans and Neanderthals lived.

Persons: Ludovic Slimak, —, April Nowell, sapien, “, ”, Slimak, Bill O'Leary, sapiens, they'd, Chemnitz State Museum of Archaeology Hendrik Schmidt, Nowell, haven't, Nikola Solic, ” Nowell, Sapiens Organizations: Service, University of Victoria, Smithsonian Museum, Washington, Getty, Chemnitz State Museum of Archaeology, Reuters Locations: Europe, East, Central Asia, Southern Siberia, Southern France, Chemnitz, France, Spain, Krapina, Croatia

☆ Stock gains to survive a market correction if rate cuts are delayed, one economist says
▼ + stars: | 2024-02-13 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

The latest stock gains will hold until the end of the year and survive a mid-year market correction, if central banks implement interest rate cuts later than investors have currently priced in, one economist says. Gains will stay in line with recent rallies despite seasonal volatility, as markets potentially re-price to acclimate to a different rate cut trajectory from central banks, Ludovic Subran, chief economist at German financial services firm Allianz, told CNBC's "Squawk Box Europe" on Monday. Investors currently "expect a huge pivot and they expect a very early pivot," Subran said, despite signs now suggesting a mid-year rate pivot from central banks that may come in smaller than previously thought. European stocks went on a tear through the final two months of 2023, taking the regional Stoxx 600 index to an annual gain of 12.7%, according to LSEG data. The U.S. S&P 500 has meanwhile been on the ascent since late October and on Friday closed above 5,000 for the first time on record.

Persons: Ludovic Subran, CNBC's, Subran Organizations: Allianz Locations: U.S

☆ Ludovic de Saint Sernin makes New York Fashion Week debut with polished BDSM-inspired collection
▼ + stars: | 2024-02-12 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +7 min

Arturo Holmes/Getty Images“Robert has always been a huge inspiration to me — in discovering his work, I discovered myself,” de Saint Sernin told CNN backstage. Ludovic de Saint Sernin backstage at his New York debut. De Saint Sernin explores gender with a sense of freedom in his clothes. Actor Hunter Schafer attended the 2023 Vanity Fair Oscar Party in a creation by Ludovic de Saint Sernin for Ann Demeulemeester. Arturo Holmes/Getty ImagesDe Saint Sernin wanted to capture the energy of a late night out in New York.

Persons: Robert Mapplethorpe, Ludovic de Saint Sernin —, Raf Simons, Robert Mapplethorpe's, Arturo Holmes, Robert, ”, Saint Sernin, wispy, Kim Kardashian, Kim Petras, Ludovic de Saint Sernin, Sierra Pruitt, Olivia Rodrigo, Sivan, Oscar, Hunter Schafer, Saint, Schafer, Jules, Ann Demeulemeester, Leon Bennett, Singer Olivia Rodrigo, Jeff Kravitz, de Saint Sernin, Olivier Rousteing, he’s, “, Mapplethorpe’s Organizations: CNN, New York, Saint, Arca, New, MTV, Getty, de Saint, Balmain Locations: Cincinnati, Paris, Belgian, New York City, New York, Mapplethorpe’s New York, LA

☆ 'One Day' author and cast explain why the controversial death scene has to happen
▼ + stars: | 2024-02-09 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +6 min

Here's what "One Day" author David Nicholls and the Netflix cast have said about the twist. AdvertisementHere is what Nicholls, Mod, Woodall, and the "One Day" executive producer have said about the shocking ending. July 15 is inititally special because its the day that the pair meet, but it is also the day Emma dies. Emma (Mod) reading "Tess of the D'Urbervilles" to Dexter (Woodall) in episode 14 of "One Day." Woodall told Tudum earlier this week that the series has a hopeful ending despite Emma's death.

Persons: David Nicholls, —, Emma Morley, Ambika, Emma, Dexter Mayhew, Leo Woodall, Dexter, Sylvie, Eleanor Tomlinson, Nicholls, Woodall, Molly Manners, Ambika Mod, Nicole Taylor, Anthony Harvey, Vulture, Thomas Hardy's, Tess, Dexter's, Ludovic Robert, Netflix Taylor, Taylor, Jasmine, Billie Gadsdon, RadioTimes, Tudum, Dex, Em, Woodall didn't Organizations: Netflix, Service, University of Edinburgh, Guardian, Hollywood, Edinburgh Locations: St, Scotland

COP28 president Sultan Ahmed Al Jaber speaks during the Transforming Food Systems in the Face of Climate Change event on the sidelines of the COP28 climate summit at Dubai Expo on December 1, 2023. "We delivered world first after world first," the UAE summit presidency said in a further social media update. And we have language on fossil fuels in our final agreement." Many believed the COP28 summit could only be considered a success if it resulted in a deal to phase out all fossil fuels. COP28 President Sultan al-Jaber sparked a backlash earlier this month after he claimed there is "no science" behind calls for a phase-out of fossil fuels.

Persons: Sultan Ahmed Al Jaber, Ludovic Marin, Licypriya Kangujam, Sean Gallup, Wopke Hoekstra, Alok Sharma, Sharma, CNBC's, Simon Stiell, We're, John Kerry, Selma de Montgomery, Avinash Persaud, Mikhail Gitarskiy, Sultan al, Jaber, he'd, Al Organizations: Food Systems, Dubai Expo, Afp, Getty Images, UAE Consensus, UAE, United Arab Emirates, Getty, Russian, BBC, Abu, Abu Dhabi National Oil Co Locations: Dubai, UAE, United Arab, United Arab Emirates, Pacific, Caribbean, Latin America, Africa, Asia, North America, Paris, United States, China, Denmark, Barbados, Moscow, Abu Dhabi

☆ US overturn of Roe v. Wade prompts France to embed abortion rights in constitution
▼ + stars: | 2023-12-02 | by ( Maya Szaniecki | Claudia Colliva | ) edition.cnn.com time to read: +10 min

Paris CNN —When the United States Supreme Court overturned Roe v. Wade in June 2022, French women were paying close attention. Ludovic Marin/AFP/Getty ImagesProtesters voice their support for abortion rights during a debate at the Senate in Paris. According to backers of the bill, therefore, constitutionalization would safeguard abortion rights even if a pro-life majority were to be voted into office. Just last week, Argentina elected a far-right president who has pledged to reverse the abortion rights the country acquired in 2020. ‘Now or never’In France, recent polling data suggests 86% of people are now favorable to the constitutionalization of abortion rights.

Persons: Paris CNN —, Roe, Wade, France, ”, Mélanie Vogel, Vogel, Emmanuel Macron, Stephanie Hennette, Ludovic Marin, Jordan Bardella, ” Bardella, Laurence Rossignol, Malagré, “, Enora Malagré, Pierre, Stephane Cardinale, Corbis, Rossignol, Sarah Durocher, it’s, Marine Le, Le Pen, that’s “, Lafargue Raphael, Durocher, Vauchez, ” Vogel, “ It’s Organizations: Paris CNN, United States, Atlantic, CNN, Senate, Getty, Popular, Law, Justice, National Rally, “ Locations: France, French, Paris, AFP, United States, Popular French, Poland, Argentina, Versailles

☆ Biden and Xi are glaringly absent from the UN's climate summit. That doesn't bode well for the world.
▼ + stars: | 2023-12-01 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

World leaders are gathering in the UAE for the COP28 climate change summit. But President Joe Biden and Xi Jinping of China will be absent. But the leaders of the world's biggest polluting nations — President Joe Biden and China's leader Xi Jinping — will be conspicuous by their absence. AdvertisementA man walks past a COP28 sign during the United Nations climate summit in Dubai on December 1, 2023. Xi and Biden are doing little to signal their commitment to sharing the burden of reducing the climate crisis equally by not attending the summit, say critics.

Persons: Joe Biden, Xi, King Charles, Pope Francis, Xi Jinping, LUDOVIC MARIN, Biden, Kamala Harris, John Kerry, Xie Zhenhua, Tom Evans, Evans, Sultan Al Jaber, Kerry Organizations: Service, United Arab Emirates, White, Sunday, US, Democratic, APEC, BBC, Climate, Business, Sierra Club Locations: UAE, China, United Nations, Dubai, Biden's, Xi, San Francisco

☆ Allianz economist explains why ECB cuts will not come until late 2024
▼ + stars: | 2023-12-01 | 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 EmailAllianz economist explains why ECB cuts will not come until late 2024Ludovic Subran, chief economist at Allianz, shares his projections on the outlook for the European economy and the ECB's monetary policy path.

Persons: Ludovic Subran Organizations: Allianz

☆ Red Lobster's $20 promotion backfired, signaling how desperate diners are for cheap deals
▼ + stars: | 2023-12-01 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

Red Lobster introduced a $20 all-you-can eat shrimp promotion that backfired. They're clearly seeking value, a Red Lobster exec said. AdvertisementTheir generosity backfired, as the chain underestimated the number of diners hunting for dining deals amid rising menu prices. Though inflation is slowing, menu prices remain on the uptick, according to new federal data released in November. Ultimately, $20 for endless shrimp was too cheap for Red Lobster.

Persons: —, Ludovic Garnier, Garnier, It's Organizations: Lobster, Service, Thai Union Group, Labor Statistics

Vice Chairman of Microsoft Brad Smith looks on during the 5th Summit of "Christchurch Call", at the Elysee Presidential Palace in Paris, France November 10, 2023. LUDOVIC MARIN/Pool via REUTERS/File Photo Acquire Licensing RightsLONDON, Nov 30 (Reuters) - The president of tech giant Microsoft (MSFT.O) said there is no chance of super-intelligent artificial intelligence being created within the next 12 months, and cautioned that the technology could be decades away. Reuters last week exclusively reported that the ouster came shortly after researchers had contacted the board, warning of a dangerous discovery they feared could have unintended consequences. However, Microsoft President Brad Smith, speaking to reporters in Britain on Thursday, rejected claims of a dangerous breakthrough. Asked if such a discovery contributed to Altman's removal, Smith said: "I don't think that is the case at all.

Persons: Microsoft Brad Smith, LUDOVIC MARIN, Sam Altman, Brad Smith, It's, Smith, ” Smith, Martin Coulter, Sharon Singleton, Mark Porter Organizations: Microsoft, Reuters, Thomson Locations: Christchurch, Elysee, Paris, France, Britain

☆ Red Lobster’s endless shrimp deal was too popular, company says
▼ + stars: | 2023-11-29 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

Business tends to slow down at Red Lobster locations during the third and fourth quarters, so its parent company, Thai Union, launched a new promotion. For $20, customers could eat as much shrimp as they wanted. The idea was to bring some traffic,” Garnier said on the call. It’s become one of the most iconic promotions at Red Lobster, Garnier said, but to keep it on the menu there has to be some changes. And what is the price point we’re offering for this promotion,” Garnier said.

Persons: Ludovic Garnier, alfredo, ” Garnier, It’s, Garnier Organizations: New, New York CNN Locations: New York, Thai Union

A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File Photo Acquire Licensing RightsNov 14 (Reuters) - Bitcoin miners are making hay while the sun shines. "You're seeing a lot of urgency to plug rigs in ahead of the halving," said Gregory Lewis, analyst at brokerage BTIG that covers the 13 biggest U.S.-listed bitcoin miners. That means miners are having to use more and more power and speed to crack the complex maths puzzles that earn them a bitcoin. "It's too early to say if all bitcoin miners are out of the wood," said Ludovic Thomas, portfolio manager at Swiss-based Criptonite Asset Management that invests in digital assets.

Persons: Benoit Tessier, Gregory Lewis, Bitcoin's, Morgan, William Szamosszegi, Matteo Greco, It's, Ludovic Thomas, Medha Singh, Lisa Mattackal, Vidya Ranganathan Organizations: La Maison du, REUTERS, U.S, Fineqia, Central, Swiss, Management, Thomson, Reuters Locations: La, Paris, France, J.P, Bengaluru

☆ Indian economy regains its swagger as China stumbles
▼ + stars: | 2023-11-03 | by ( Diksha Madhok | ) edition.cnn.com time to read: +9 min

New Delhi CNN —India’s economy is like an elephant. India’s economy is currently worth nearly $3.5 trillion, making it the world’s fifth largest. “India’s economy is comfortably placed to grow at an annual rate of at least 6% in the coming few years,” Barclays said. But even as India’s heft is increasing, it is far from recreating the economic miracle China unleashed decades ago. It will, no doubt — though it won’t be enough to shield the world economy should China’s economy stumble badly,” they added.

Persons: Narendra Modi, ”, Eswar Prasad, Modi, Prasad, Ludovic Marin, Mukesh Ambani’s, Gautam Adani’s, Willy Shih, Frederic Neumann, Justin Feng Organizations: New, New Delhi CNN, Economic, Cornell University, International Monetary Fund, China, Barclays, IMF, ” Barclays, Hindustan Times, Modi, bonanza, Unified, Bharat, Getty, Bank, Mukesh Ambani’s Reliance Industries, Apple, Harvard Business School, HSBC Locations: New Delhi, India, Switzerland, Davos, ”, ’, China, ” New Delhi, Sewri, Mumbai Bhushan, AFP, Beijing, Washington

☆ On View: A Painter Capturing Motion on Canvas
▼ + stars: | 2023-10-13 | by ( Shirley Ngozi Nwangwa | ) www.nytimes.com time to read: 1 min

At François Ghebaly gallery in L.A., the Cameroonian-born, New York-based artist Ludovic Nkoth is currently exhibiting works made during his recent residency in Paris. We spoke about one of his paintings and his cross-cultural references →

Persons: Ludovic Nkoth Locations: L.A, Cameroonian, New York, Paris

Search resuls for: "LUDOVIC"

25 mentions found