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☆ Nike warns of guidance cut as it posts slowest annual sales gain in 14 years
▼ + stars: | 2024-06-27 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +3 min

Nike on Thursday reported its slowest annual sales growth in 14 years, excluding the Covid-19 pandemic, as the sneaker giant warned of "challenges" that led it to cut its current year outlook. For the fiscal fourth quarter, the company handily beat earnings estimates as its cost-cutting efforts continue to bear fruit, but Nike fell short on revenue estimates. In fiscal 2024, Nike posted sales of $51.36 billion, which is flat compared to the prior year. In Europe, Middle East and Africa, Nike posted revenue of $3.29 billion, compared to estimates of $3.32 billion. In Asia Pacific and Latin America, Nike saw $1.71 billion in sales, compared to estimates of $1.77 billion.

Persons: Matthew Friend Organizations: Nike, NIKE, LSEG, Asia Locations: Nice, France, China, North America, Europe, Middle East, Africa, America

☆ Using options to bet on a Nike turnaround as earnings loom
▼ + stars: | 2024-06-27 | by ( Michael Khouw | ) www.cnbc.com time to read: +3 min

Nike, which reports earnings after the bell Thursday, is trading at less than 24 times forward earnings. That's well below the longer-term average of about 29 times forward earnings. On Wednesday, Nike traded more than two times its average daily options volume. The most active call options were the September 100 calls, 8,000 of which traded at an average price of around $3.22. Declining sales (inflation-adjusted) and market share, leading to declining investor confidence, explain the lower-than-average historical multiple.

Persons: Nike's Organizations: Nike, Wednesday, North, Bloomberg, Dick's Sporting Goods, Olympic, CNBC, NBC UNIVERSAL Locations: —, NKE, China, Asia, Pacific, America, Europe, Middle East, Africa

☆ A Deadly Toll as an Intense Heat Grips Saudi Arabia
▼ + stars: | 2024-06-19 | by ( Cassandra Vinograd | ) www.nytimes.com time to read: 1 min

Dozens of people have died amid scorching temperatures during the annual hajj pilgrimage to the holy city of Mecca in Saudi Arabia, according to reports from official media in Europe, the Middle East and Africa. With forecasts saying that temperatures would top 113 degrees Fahrenheit, or 45 degrees Celsius, on Tuesday, Saudi officials issued advisories to pilgrims urging them to stay hydrated, minimize outdoor activities, and carry umbrellas to block direct sunlight. While Saudi Arabia had not reported deaths, news reports from a number of countries whose faithful went to the hajj suggested that the heat had proven deadly. On Sunday, Jordan’s official news agency said that 14 pilgrims had died from exposure to extreme sun and heat. On Wednesday, the agency said that burial permits had been issued for 41 Jordanian pilgrims in Mecca, but did not provide details on the causes of death.

Organizations: Saudi Locations: Mecca, Saudi Arabia, Europe, East, Africa

☆ S&P Global Ratings: Europe can invest more to tackle weak productivity
▼ + stars: | 2024-05-28 | 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 EmailS&P Global Ratings: Europe can invest more to tackle weak productivitySylvain Broyer, chief economist for Europe, the Middle East and Africa at S&P Global Ratings, says there are "two possibilities" for that.

Persons: Sylvain Broyer Locations: Europe, East, Africa

☆ Safaris aren't the only tourist attraction in Africa. From cruises to wine tasting, here's what else you can do
▼ + stars: | 2024-05-28 | by ( Harriet Akinyi | Penny Sadler | ) www.cnbc.com time to read: +6 min

Bungy jumping at Soweto Towers, a decommissioned power station in Johannesburg, South Africa. Explore the beachAfrican beach towns combine beauty and culture, in places like Seychelles, Kenya, Tanzania, South Africa, Mozambique, Mauritius, Zanzibar, Ghana, Namibia and Egypt. In addition to being a popular stop for world cruises, East and South Africa have their own ocean cruise routes which follow the coastlines and visit offshore islands. But South Africa is the continent's crown jewel. The wine country of Franschhoek, outside of Cape Town, South Africa.

Persons: Toubkal, there's, Thomas Janisch, Zina Bencheikh, Madagascar's Tsingy, Carlo Morucchio, Kenya's Masai Mara, King Charles III, Queen Camilla, Mombasa's, Samir Hussein, Luciemarie Swanepoel, Jeremy Villasis, Peter Unger, Kate Powell, Intrepid's Bencheikh, Kevin Bubolz, Wrenelle Stander, Michele Westmorland Organizations: bungie, Getty, Intrepid Travel, UNESCO, Heritage, Wireimage, Diamonds, Sainte, Cruises, Stone, Queen, Cruise Line, MSC, Continental, Penguin Locations: Africa, Morocco's, Kilimanjaro, Tanzania, Nyangani, Zimbabwe, Soweto, Johannesburg, South Africa, Europe, East, Namibia, Victoria Falls, Zambia, Jinja, Uganda, Morocco, Seychelles, Kenya, Mozambique, Mauritius, Zanzibar, Ghana, Egypt, Mombasa, Mombasa's Fort Jesus, Fort Jesus, Kaya, Zanzibar's Stone, Madagascar, Swanepoel, Durban, Cape, Kivu, Silversea, Continental Europe, Middle East, Port, Ethiopia, Wesgro, Stellenbosch, Franschhoek, Cape Town , South Africa

☆ Flying is cheaper in 2024. But not for some destinations
▼ + stars: | 2024-05-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Americans traveling this summer have broadly seen prices fall for airline fares, a welcome trend after last year's sticker shock. But airfare remains more expensive in 2024 for some regions and destinations, largely for trips abroad, data shows. Flights to Canada, South America, and the Middle East and Africa regions are also up 6%, 2% and 1%, respectively, from summer 2023, Hopper found. High prices to certain Asian cities impact many American tourists since the continent is their second-most frequented international travel destination, Hopper said. Average fares to Europe, the most popular trip abroad for Americans, are down 8% in summer 2024 versus a year ago, when they were at record highs.

Persons: Hopper Organizations: Finance Locations: Tokyo, Japan, Canada, South America, East, Africa, Europe, Asia, Sakata, Ipoh, Udon Thani, Thailand's, Rio de Janeiro, Brazil, Lima, Peru, Santiago, Chile, Friedrichshafen, Memmingen, Germany, Bratislava, Slovakia

☆ Stellantis to rapidly grow exports of Chinese EVs to Europe, other countries
▼ + stars: | 2024-05-14 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

That's due, in part, to new American tariffs on China-made EVs, Tavares said, citing among other reasons as well. The Biden administration on Tuesday announced stiff new tariff rates on billions' worth of Chinese imports, including quadrupling tariffs on imported Chinese electric vehicles, from 25% to 100%. The joint venture's expansion plans include at least six EVs by 2027, according to a presentation by Stellantis and Leapmotor. The announcement comes amid increasing geopolitical tensions surrounding China-made electric vehicles in the U.S., Europe and other regions. Many in and around the automotive industry fear the less-expensive, China-made vehicles will flood the markets, undercutting domestic-produced EVs.

Persons: Carlos Tavares, Zhu Jiangming, EVs, Tavares, Biden, " Tavares, Stellantis Organizations: Stellantis, Leapmotor, Europe —, Asia Pacific Locations: China, Europe, Europe — France, Italy, Germany, Netherlands, Spain, Portugal, Belgium, Greece, Romania, East, Africa, India, Asia, South America, U.S, Hangzhou

☆ Army Officer Resigns in Protest of ‘Unqualified’ U.S. Support to Israel
▼ + stars: | 2024-05-13 | by ( John Ismay | ) www.nytimes.com time to read: +1 min

An Army officer assigned to the Defense Intelligence Agency has resigned in protest over the United States’ support for Israel, which he said had “enabled and empowered” the killing of Palestinian civilians. The officer, Maj. Harrison Mann, announced his resignation and explained his reasons for leaving the service in a post on the social media site LinkedIn on Monday. According to his biography on the site, he has specialized in the Middle East and Africa for about half of his 13-year career and previously served at the U.S. Embassy in Tunis. “The policy that has never been far from my mind for the past six months is the nearly unqualified support for the government of Israel, which has enabled and empowered the killing and starvation of tens of thousands of innocent Palestinians,” Major Mann wrote in the post, which noted that he had previously emailed his comments to co-workers on April 16. “This unconditional support also encourages reckless escalation that risks wider war.”

Persons: Harrison Mann, ” Major Mann, ” Organizations: Army, Defense Intelligence Agency, Israel, U.S, Embassy Locations: United States, East, Africa, Tunis, “, Israel

☆ 86% of expats report being stressed out, but study suggests they may also cope better with burnout
▼ + stars: | 2024-04-30 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +5 min

Globally mobile employees often have... a mental and physical feeling of being healthy, capable, and energetic – and a strong sense of meaning and purpose. So why do globally mobile individuals score higher on vitality despite reporting higher stress and burnout levels compared to local counterparts? Globally mobile employees emerge as a highly valuable and resilient segment of the workforce. Despite facing unique stressors associated with their situation, they exhibit distinct skills and a high level of motivation, resulting in higher vitality. 2024 Cigna Healthcare Vitality Study

Persons: Ernestine Siu It's, Wendy Sherry, Sherry Organizations: Healthcare, Global Health, International Health, Cigna, Cigna Healthcare, Financial Locations: United States, Singapore, U.S, Spain, Netherlands, Belgium, Switzerland, Kenya, United Arab Emirates, Saudi Arabia, China, Hong Kong, Asia, Middle East, Africa, UAE, Europe

☆ Google restructures finance team as a part of AI shift, CFO tells employees in memo
▼ + stars: | 2024-04-17 | by ( Jennifer Elias | ) www.cnbc.com time to read: +2 min

"The tech sector is in the midst of a tremendous platform shift with Al," Porat wrote in the memo, obtained by CNBC, that was sent to employees in finance. The restructuring will impact finance teams domestically and abroad, including in the Asia Pacific region and Europe, the Middle East and Africa, Porat noted. "Over the past year, we have talked about creating hubs of Fin'ooglers around the world that are vibrant and have a strong culture," Porat wrote. "As we've said, we're responsibly investing in our company's biggest priorities and the significant opportunities ahead," a Google spokesperson told CNBC in an email. WATCH: Google Cloud CEO says company is monetizing AI in a variety of ways

Persons: Ruth Porat, Porat, Sundar Pichai, we've Organizations: Google, CNBC, San Francisco Bay Area Locations: Asia, Europe, East, Africa, Bangalore, Mexico City, Dublin, Chicago, Atlanta, San Francisco Bay, Fin'ooglers

☆ Why diversity, equity and inclusion is more than just a corporate buzzword to this finance exec
▼ + stars: | 2024-04-05 | by ( ) www.cnbc.com time to read: +1 min

This appreciation for different cultures and beliefs would come in handy throughout his career, where he worked in three continents and six countries. "It was this foundation of appreciating the diversity of perspectives and including different people from different backgrounds into the team that allowed me to be successful," he told CNBC's My Biggest Lessons. He believes diversity, equity and inclusion are crucial factors in attracting and retaining talent and engaging employees. "(It] helps create a healthy workplace where each individual is comfortable in who they are, and they're comfortable to bring their real self to the workplace. It helps reduce unconscious biases and it helps fuel innovation," he said.

Persons: Vinay Surana, CNBC's Organizations: Asia Pacific, Allianz Partners Locations: Middle East, Africa

☆ European stocks head for mixed open as Wall Street rally takes a breather
▼ + stars: | 2024-03-26 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a lackluster open Tuesday as investors continue to ponder last week's central bank policy decisions in Europe and the U.S. Regional markets had a tentative start to the new trading week Monday and the lack of momentum looks set to continue Tuesday. Today, investors in Europe, the Middle East and Africa will be keeping an eye out as Nigeria's central bank publishes its latest monetary policy decision, and as earnings come from Smiths Group, Ocado Retail, Bellway and A.G. Barr. Asia-Pacific markets were mixed Tuesday as the U.S. market took a breather after a rally sparked by optimism over the Federal Reserve's interest rate stance at its latest meeting. U.S. stock futures traded near the flatline Monday night, after the major averages took a breather from their rally.

Organizations: U.S . Regional, Smiths Group, Ocado, Federal Locations: Europe, East, Africa, Barr, Asia, Pacific, U.S

☆ Nike shares slide on lackluster outlook, slowing China sales
▼ + stars: | 2024-03-21 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

The Nike logo is displayed at a Nike Well Collective store on February 16, 2024 in Glendale, California. In North America, where demand has been unsteady, sales rose about 3% to $5.07 billion, compared with estimates of $4.75 billion, according to StreetAccount. In China, sales reached $2.08 billion, just below the $2.09 billion analysts had expected. In China, sales grew 5% to $2.08 billion, just below the $2.09 billion analysts had expected. Sales in Asia Pacific and Latin America rose 3% to $1.65 billion, below the $1.69 billion analysts had expected, according to StreetAccount.

Persons: Matthew Friend, Friend, Nike, Jordan, Brooks, Devin Booker, Jane Hali, Jessica Ramirez, She's, it's, They've, Ramirez Organizations: Nike, LSEG, Asia, StreetAccount, Associates, CNBC Locations: Glendale , California, China, North America, Europe, East, Africa, Asia Pacific, Latin America

☆ Vertical farming: This GigaFarm in Dubai’s desert could produce 3 million kilograms of food
▼ + stars: | 2024-03-14 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

CNN —In 2022, Dubai unveiled the world’s largest vertical farm. Intelligent Growth Solutions (IGS)“Not just another vertical farm”GigaFarm’s vertical farming solution is supplied by IGS, a Scottish company founded in 2013. “This is not just another vertical farm, this is something completely different,” says Lloyd, adding that the recycling model could be applied to any urban area. And it’s not just the UAE that’s interested in vertical farming: Qatar is investing heavily in smart farming, and agritech companies are expanding into Saudi Arabia. However, it will take another decade before we see widespread adoption of vertical farming, and more research is required to increase the number of crops that can be grown, Sharma adds.

Persons: Dubai’s Al, it’s, Oliver Christof, “, Andrew Lloyd, you’ve, ”, Lloyd, AeroFarms, Lloyd —, It’s, ReFarm, Rohit Sharma, Sharma Organizations: CNN, Dubai’s Al Maktoum International Airport, UAE, UN, IGS, University of Wollongong Locations: Dubai, Dubai’s, Dubai’s Al Maktoum, Tech, Scottish, Abu Dhabi, UAE, Ukraine, Russia, Carrefour, Qatar, Saudi Arabia, East, Africa

☆ Dubai’s bar scene is being redefined by artisanal champagnes
▼ + stars: | 2024-03-05 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +12 min

While the city has over 13,000 restaurants, its bar scene has largely been confined to Michelin fine dining, nightclubs, and boozy brunches. Look through the gallery and see the region's other top restaurants, as selected by 50 Best list group. The 50 Best has unveiled its 2024 list of the best restaurants in the Middle East and North Africa (MENA). Al Muntaha, which was recognized by Star Wine List as having the best sparkling wine list in the UAE earlier this year, has 166 labels on its champagne list, including around 60 recently added grower champagnes, says Lacroix. Tina HillierAnd the culture around drinking is largely focused on dining or special occasions, with little in between, says Krister Bengtsson, founder of Star Wine List.

Persons: Lana —, Nicolas Caupain, ”, boozy, Caupain, Raz Rahav, Tala Bashmi, Em Sherif, Yasmina Hayek, Fawzi Al Mulki, 3Fils, Khufu's, Solemann Haddad, Moonrise, Gregoire Berger, Berger, Himanshu Saini, Pol Roger, Queen Elizabeth II, Winston Churchill, champagnes, Larmandier Bernier, Ulysse Collin, Samuel Lacroix, Al Muntaha, Lacroix, “, Josette, Veuve Clicquot, Dom Pérignon, Millau, Lana, Tina Hillier, Krister Bengtsson, it’s, Bengtsson, ” Bengtsson, Jean Imbert, — Organizations: CNN, High Society, United Arab, Michelin, Middle, Gulf, Jordanian, Trèsind, Burj, Star Wine, Arabian, BOCA, Michelin Star, Wine, UAE Locations: Dorchester, Dubai, Emirate, Islam, United Arab Emirates, UAE, East, North Africa, Tel Aviv, Tala, Manama's, Bahrain, Beirut, Giza, Cairo, Ossiano, Atlantis, BOBY, Africa, Emirates, Swedish, Dubai’s, Paris, London , New York, French

☆ Amer Sports losses narrow as China sales fuel holiday-quarter revenue growth
▼ + stars: | 2024-03-05 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

In fiscal 2023, the company lost $208.8 million, but its losses narrowed from $230.9 million in fiscal 2022. Between 2020 and 2022, Amer grew sales in the region from 8.3% of total revenue to 14.8%. Sales in Greater China jumped by 45% and all three of the company's segments saw "solid growth." In 2023, sales in Europe, the Middle East and Africa represented about 33% of total revenue, down from 36% in 2022. North America made up about 39.5% of sales in 2023, down from 42.4% of sales in 2022.

Persons: Wilson, Amer, Salomon, Sellers, China's, Amer's, James Zheng, Zheng, it's Organizations: Amer Sports, New York Stock Exchange, Lousiville Slugger, CNBC, Wall, FountainVest Partners, Anamered Investments, Revenue Locations: Amer, New York City, U.S, China, Wilson, Louisville, Helsinki, Finnish, Greater China, Asia, Europe, East, Africa, North America, APAC

☆ Britain to lead 2024 European real estate boom as international buyers eye opportunities, research says
▼ + stars: | 2024-03-01 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Richard Newstead | Moment | Getty ImagesThe U.K. looks poised to lead a European real estate resurgence this year as international investors return capital to the region's strained property market. U.S., Israeli, Japanese and Taiwanese investors are set to lead that charge, spearheading a 20% rebound in real estate investment activity in 2024 as they pump cash into Britain, Germany, Spain and the Netherlands, according to the research. European real estate revivalBritain ranked as the top European destination for cross-border investment in CBRE's 2024 European Investor Intentions Survey, with investors pointing to its discounted rates and high return potential. Busà Photography | Moment | Getty ImagesIt follows a tough year for real estate in 2023, as higher interest rates pushed up borrowing costs and weighed on investor sentiment. Global cross-border real estate investment totalled 196.3 billion euros ($212.9 billion) over the year, down 40% on the five-year average, according to Real Capital Analytics data cited by Savills.

Persons: Richard Newstead, Rasheed Hassan, Savills, Chris Brett, Knight Frank Organizations: CNBC, European Central Bank, Bank of England Locations: Kings Cross, London, European, Britain, Germany, Spain, Netherlands, Poland, Paris, Madrid, Amsterdam, Berlin, Europe, East, Africa, Americas, Asia Pacific, France

☆ TikTok is getting a new head of global trust and safety
▼ + stars: | 2024-02-27 | by ( Clare Duffy | ) edition.cnn.com time to read: +2 min

New York CNN —TikTok’s global trust and safety unit is getting a new leader, the company confirmed on Tuesday. Following Keenan’s move, TikTok’s global trust and safety unit will now fall under the leadership of Adam Presser, the company’s Los Angeles-based head of operations. However, TikTok’s trust and safety staff will otherwise remain in place as-is, according to the company. The leadership changes come as TikTok continues to face scrutiny in the United States, Europe and elsewhere over the safety and security of its platform. TikTok plans to invest $2 billion in trust and safety efforts in 2024, Chew said during the hearing.

Persons: Cormac Keenan, Shou Chew, Keenan, Adam Presser, Cormac, ” Chew, Chew, Theo Bertram, Rich Waterworth Organizations: New, New York CNN, CNN Locations: New York, Dublin, Ireland, Los Angeles, Europe, Middle East, Africa, United States

☆ From Gaza to Geneva: Swiss Doctor Evacuates Injured Children
▼ + stars: | 2024-02-13 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +3 min

By Gabrielle Tétrault-FarberGENEVA (Reuters) - When Swiss doctor Raouf Salti realised he could not go to Gaza to help injured children, he decided he would do everything he could to get them to Geneva to receive medical care. War in Israel and Gaza View All 206 ImagesSalti, who went to Egypt to pick them up, waved as he was greeted by his team at Geneva airport with Zeina, a wide-eyed 17-month-old who was rescued from under the rubble in Gaza, in his arms. The four children who arrived in Geneva on Monday are the second group that Salti has managed to evacuate to Switzerland, bringing their total number to eight. A child's life," Salti said after arriving at his office with the children and their mothers. (Reporting by Gabrielle Tétrault-Farber and Cécile Mantovani in Geneva; Additional reporting by Nafisa Eltahir in Cairo; Editing by Alison Williams)

Persons: Gabrielle Tétrault, Farber, Raouf Salti, Salti, Cécile, Nafisa Eltahir, Alison Williams Organizations: Farber GENEVA, Geneva, Healthcare, Al, Shifa Locations: Gaza, Geneva, Egypt, Switzerland, Israel, Zeina, East, Africa, Cairo

☆ A Gen Xer moved from California to Colombia after overcoming a rare disease. The cost of living is much cheaper, and life is more peaceful.
▼ + stars: | 2024-02-10 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +8 min

Andy Wiesmann, 62, settled in Medellín, Colombia, after spending much of his life in California's Inland Empire. He couldn't afford an apartment in California, and he decided to move out of the country to preserve his health and happiness. Leaving California for MexicoWiesmann grew up about 60 miles east of Los Angeles and spent most of his life there. His relationship ended amid his hospital stay, and he moved back to California — though he didn't have any place to stay. Wiesmann said he has little intention of leaving Colombia except for vacations to see his kids in California and New York.

Persons: Andy Wiesmann, Wiesmann, I've, Mexico Wiesmann, he's, he'll, they're Organizations: Service, Golden State, Business, US Locations: Medellín, Colombia, Inland, Golden, California, Mexico, Los Angeles, East, Africa, Virginia, United States, Cabo San Lucas, cafés, Bogota, New York, South America

☆ Estee Lauder stock soars as CEO calls 'inflection point' — why we remain guarded
▼ + stars: | 2024-02-05 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Shares of Estee Lauder popped more than 13% Monday after the cosmetics company delivered better-than-expected results for its fiscal second quarter. That represents a sizable miss versus the greater than 70% growth expected by analysts. About that inflection point: On the post-earnings conference call, Freda said the company is positioned to return to organic sales growth for the total company in the third quarter and organic sales growth to sequentially accelerate in the fourth quarter. The Asia/Pacific region had a 7% organic sales decline on continued weakness in Mainland China. More specifically, a decline in online sales more than offset sales growth in brick-and-mortar locations.

Persons: Estee Lauder, Fabrizio Freda's, Freda, Jim Cramer's, Jim Cramer, Jim, lipsticks, Lauder, Shen Organizations: Revenue, LSEG, Management, Street, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: Asia, China, East, Africa, Israel, Pacific, Hong Kong, Korea, Japan, Americas, North America, America

☆ Family offices are booming. Here's where they're putting their money now — and in the next 5 years
▼ + stars: | 2024-02-02 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

Family offices have boomed in the last few years, thanks in part to the growing number of wealthy individuals. Family offices typically cater to investors with $100 million or more in net worth. Themes for the coming years What type of assets are family offices looking to buy in the next few years? Other themes that family offices are bullish on include health care and longevity, the energy transition and generative artificial intelligence, said Citi's Hofmann. Alternative assets are also becoming more popular with family offices, such as private equity, private debt and infrastructure, according to the providers.

Persons: There's, Hannes Hofmann, Citi's, That's, Robin Harris, Harris, Citi's Hofmann, Ocorian's Harris Organizations: Oxfam, Economist Intelligence, KPMG, UBS, CNBC, CNBC Pro, Citi, Tech, Equity, U.S . Federal Reserve Locations: United States, Asia, India, Europe, America, U.S, Ocorian, Japan, Middle East, Africa, Pacific, North America, —

☆ Opinion | The World Has Caught Up to Frantz Fanon
▼ + stars: | 2024-02-02 | by ( Adam Shatz | ) www.nytimes.com time to read: +3 min

The shock of the new, in political life, often sends us back to the past, in search of an intellectual compass. ), which he joined while working as a psychiatrist in Blida, on the outskirts of Algiers. He captured, as no other writer of his time did, the fury engendered by colonial humiliation in the hearts of the colonized. Fanon wrote at the height of the Cold War, but, with no less prescience, he regarded the East-West struggle as a passing sideshow, of far less consequence than the divisions between North and South, of the rich world and the poor world. If the colonial world was, in his words, “a world cut in two,” our post-colonial world seems scarcely less so.

Persons: Donald Trump, Viktor Orban, Jair Bolsanaro, Hannah Arendt’s “, ”, Arendt, Frantz Fanon, Fanon, —, haven’t, It’s Organizations: National Liberation, Israel, Black Panthers, Palestinian Locations: East, Africa, Martinique, Blida, Algiers, North, Ukraine, Gaza

☆ No European country more than Germany is going further in clamping down on Hamas
▼ + stars: | 2024-01-28 | by ( Sophie Tanno | ) edition.cnn.com time to read: +12 min

Adding to a complex picture, Germany has the largest Palestinian diaspora in Europe, estimated at 300,000. J'rg Carstensen/picture-alliance/dpa/APThere are thought to be around 450 Hamas members in Germany and, like the rest of the European Union, Germany considers Hamas a terrorist organization. There were also reports of people celebrating the Hamas attacks on the streets of Berlin. Spreading propagandaOn November 2, Germany took the step of banning Hamas and all activities linked to the group. Police stand outside a building that houses a synagogue following a pre-dawn attack on October 18 in Berlin, Germany.

Persons: Friedrich Merz, “, Molotov, Jakon Schindler, Schindler, ”, Uli Deck, Der Spiegel, Matthew Levitt, Maja Hitij, Yossi Mekelberg, ’, Germany we’re, Lamya Kaddor, Nadine Schmidt, Sophie Tanno Organizations: CNN, Nazi, Christian Democratic Union, ZDF, Palestine, European Union, Federal Office, Protection, Counter Extremism, Hamas, Police, Brandenburg’s, Act, George Washington University, Israel, Washington Institute for Near East, U.S ., EU, Atlantic Council, IDF, Israel Defensce Forces, Chatham House, West Bank, Reuters, Rights Watch Locations: Israel, Gaza, Germany, Berlin, Europe, Rotterdam, Netherlands, Denmark, Sweden, German, Potsdam, Karlsruhe, Israel American, U.S, Austria, Hamas, East, Africa, Chatham, Palestine, London

☆ Aeternitas Tower: Dubai is building the world’s tallest residential clock tower
▼ + stars: | 2024-01-17 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +6 min

The Aeternitas Tower, officially unveiled at a launch event last week, will be the world’s tallest residential clock tower at a staggering 450 meters (1,476 feet) tall — more than four times the height of London’s Big Ben, and just 22 meters (72 feet) short of the world’s tallest residential building, the Central Park Tower in New York City. Set to become the world’s second-tallest clock tower (after the Makkah Clock Royal Tower in Mecca, Saudi Arabia), Aeternitas Tower is the result of a partnership between Dubai-based real estate developer London Gate and Swiss luxury watch manufacturer Franck Muller. The Aeternitas Tower will have amenities for residents such as gym, yoga studio, cinema, and swimming pool, pictured in this digital rendering. London GateA booming marketThe Aeternitas Tower is part of a growing trend in Dubai. The design for Aeternitas Tower was officially unveiled at a launch event on January 9 2024, at the Ritz-Carlton Dubai (pictured).

Persons: Big Ben, Franck Muller, Tom Hill, ”, Franck Muller Aeternitas, Erol Baliyan, Franck Muller’s, Karl Lagerfeld, “ We’ve, Carlton Dubai Organizations: CNN, CNN —, London Gate, Marina, Research, Benz, London, Ritz, Carlton Locations: CNN — Dubai, New York City, Makkah, Mecca, Saudi Arabia, Dubai, Dubai Marina, East, Africa, Swiss, London, Emirate, “

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