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☆ Rolls-Royce has made a one-off, ‘Goldfinger’-inspired car with solid gold features
▼ + stars: | 2024-10-31 | by ( Kathy Rose Obrien | ) edition.cnn.com time to read: +3 min

London CNN —Rolls-Royce has created a one-of-a-kind car in honor of the 60th anniversary of the James Bond movie “Goldfinger,” with bespoke gadgets that would be the envy of Q. Rolls-Royce Phantom Goldfinger pictured at Stoke Park, southern England. Benedict Campbell/Rolls-RoyceUnsurprisingly, this Bond-worthy car is full of bespoke gadgets - many of which are, obviously, gold. Rolls-Royce Phantom Goldfinger features gold-plated golf putter in the trunk. Fancy getting your hands on a similar bespoke car?

Persons: Royce, James Bond, Goldfinger, Sean Connery, ”, Benedict Campbell, Auric Goldfinger’s, Nick Rhodes, Bond, ” Rhodes, Georgina Cox Organizations: London CNN —, Royce, Fort Knox, CNN Locations: Ville, Stoke, England, Fort, Furka, Swiss, Goodwood

☆ Saudi Arabia is pulling back on a global spending spree to focus on its own projects
▼ + stars: | 2024-10-30 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Now the Kingdom plans to cut its foreign investment to prioritize domestic spending. AI is the new focus of investment as Saudi Arabia looks to position itself as a global technology hub. AdvertisementSaudi Arabia is pulling back on its global spending spree to focus on domestic investments. In September, Saudi Arabia held the third Global AI Summit, attracting a host of high-profile leaders and dealmakers. The new focus on domestic investment comes as Saudi Arabia's spending on Neom, its futuristic megacity in the desert, hit $1 trillion.

Persons: —, Yasir Al Rumayyan, we've, Al Rumayyan, Yasir Al, Rumayyan, Hamad I Mohammed, Uber, Andreessen Horowitz Organizations: Service, Public Investment Fund, Future Investment, Economic, REUTERS, Investors, Saudi Press Agency, Financial Times, Saudi, AI, Bloomberg, Sindalah Locations: Saudi, Saudi Arabia, Riyadh, Davos, Switzerland, Neom

☆ This crypto business just acquired a Swiss asset manager to take their business to the next level
▼ + stars: | 2024-10-28 | by ( ) www.businessinsider.com time to read: +4 min

The acquisition of Crypto Finance Asset Management by Matrixport is taking the crypto financial services hub into new markets. The new acquisition is an entry point to the European crypto asset management marketKeen to maximize what it offers its investors, Matrixport has gone one step further through the 100% equity acquisition of Crypto Finance (Asset Management) AG (CFAM), a licensed Swiss crypto asset manager. Previously part of the Deutsche Börse Group-owned Crypto Finance Group, following the all-cash acquisition, CFAM will be renamed to Matrixport Asset Management (MAM). Through the acquisition, Matrixport gains entry into the European crypto asset management market. With such an array of services available, the acquisition enables clients access to innovative crypto asset management products.

Persons: Matrixport, Keen, CFAM Organizations: Crypto Finance, Management, Asset Management, Deutsche Börse, Matrixport Asset, Swiss Financial Market Supervisory Authority, MAM, US Securities, Exchange, underwriters, APEX Group, Insider Studios Locations: Swiss, Europe, Hong Kong, Matrixport

☆ The Pope has shown openness to greater roles for women – but there’s pressure for him to go further
▼ + stars: | 2024-10-27 | by ( Christopher Lamb | Antonia Mortensen | ) edition.cnn.com time to read: +5 min

In an interview earlier this year, he ruled out the possibility of ordaining women deacons, who can carry out functions like a priest apart from saying Mass and hearing confessions. Furthermore, Catholic teaching bars women from ordination to the priesthood, a decision that Francis has maintained, although he has allowed studies of female deacons. During previous papacies the question of ordaining women was not even up for discussion. Pope Francis attends the second session of the 16th General Assembly of the Synod at the Vatican on Saturday. “There is resistance because there is still fear of this co-responsibility in the Catholic Church.

Persons: Pope Francis, Phyllis Zagano, “, ” Francis, Francis, ”, Gregorio Borgia, Julia Oseka, “ There’s, Oseka, Francis ’, ” Helena Jeppesen, ” Kate McElwee Organizations: CNN, Hofstra University, Belgian Catholic, General Assembly, St Joseph’s University, Catholic Church, Catholic Locations: New York, Church, East, Philadelphia , Pennsylvania, Switzerland

☆ Meet Liam Fedus, the person responsible for getting OpenAI's new products out the door
▼ + stars: | 2024-10-25 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

The post-training team is currently led by Liam Fedus, a researcher who helped develop ChatGPT. Fedus is the third person to lead the in the past six months. Among them is the post-training team, which is responsible for preparing AI models for wide release and has had three leaders in the past six months. Currently leading post-training is Liam Fedus , a machine learning researcher who was part of a group of researchers that developed ChatGPT. Fedus was also one of seven OpenAI researchers who developed a group of advanced reasoning models known as Strawberry .

Persons: Liam Fedus, Fedus, —, Barret Zoph, Mira Murati, Bob McGrew ., Miles Brundage, It's, Sam Altman, Zoph, John Schulman, Anthropic, OpenAI Organizations: Service, MIT Technology, MIT, Fidelity, UC San Diego, collider, University of Montreal, Google, OpenAI Locations: OpenAI, Switzerland

☆ Nestlé and L'Oréal are betting on a longevity supplement made from pomegranate juice
▼ + stars: | 2024-10-25 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +9 min

Urolithin A supplement company Timeline has investments from both Nestlé and L'Oréal. This year, the conversation quickly turned to the supplement du jour, the compound that has drawn investment from both Nestlé and L'Oréal: Urolithin A. Starting in 2008, Rinch's supplement company, Amazentis, funded over a dozen studies on urolithin A, including some relatively large, placebo-controlled trials in people — a rarity in supplement research. Urolithin A has also captured the attention of longevity researchers, who are typically more skeptical about products promising to make you young again. Timeline was on the agenda at this year's ARDD, an annual longevity research conference held in Copenhagen in August.

Persons: —, There's, Urolithin, Hilary Brueck, Chris Rinsch, Rinsch, Johan Auwerx, Amazentis, Auwerx, He's, Mark Hyman, Dave Asprey, Gwyneth Paltrow's, Will Cole, Dominic Denk, Denk, wouldn't, Timeline's, Andrea Maier, it's, Maier Organizations: Service, VC, Business, Frankfurt University Hospital, National University of Singapore Locations: Gstaad, Swiss, skincare, urolithin, Davos, Copenhagen, Germany, Switzerland, Nestlé

☆ Hermès isn't just surviving the luxury slump — it's thriving
▼ + stars: | 2024-10-24 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

The French fashion house is bucking the trend of the luxury industry as competitors like LVMH stutter. Hermès is succeeding while peers struggle because it follows the law of luxury to a tee, analysts say. AdvertisementIf the luxury slump is an epidemic, Hermès is managing to stay immune. The fashion house is reaping the rewards of a long-term strategy and abiding by the fundamental laws of luxury. AdvertisementIn the luxury fashion world, there's a growing belief that "getting attention is everything," Pedraza said.

Persons: Hermès, —, LVMH, Kering, Hermès Birkin, Sarah Jacobs, Carole Dupont, Eric du Halgouët, Pietri, Martin, Roll, Milton Pedraza, Pedraza, Hermés Organizations: Service, New York Loan, Business, Investor Relations, Hermès, Finance, McKinsey, Paris Thomson Reuters, Luxury Institute Locations: Asia, Japan, China, Switzerland, Paris, LVMH

☆ There is enough competition for banks in Switzerland, says country's finance minister
▼ + stars: | 2024-10-24 | 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 EmailThere is enough competition for banks in Switzerland, says country's finance ministerKarin Keller-Sutter, Switzerland's finance minister, discusses geopolitical fragmentation and banking consolidation in the country.

Persons: Karin Keller, Sutter Locations: Switzerland

☆ Lonely Planet’s top places to go in 2025
▼ + stars: | 2024-10-23 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

CNN —Grab your passport and your sunscreen, Lonely Planet has just revealed its 30 must-visit destinations for 2025 as well as a brand-new rundown of top 10 travel trends. Cameroon, Lithuania and Fiji got nods as country destinations and Chiriqui in Panama and Valais in Switzerland were classed as regions with rizz. For cities, “number one on the list this year is Toulouse, France,” Nitya Chambers, Lonely Planet’s SVP, content and executive editor, tells CNN. Train-hopping is the top travel trend identified by Lonely Planet in this 15th edition of its best-selling “Best in Travel” book. Christopher Horsley/Getty ImagesLocal flavors and outdoor adventureThe northern Thai city of Chiang Mai weaves into Lonely Planet’s local flavors travel trend.

Persons: ” Nitya Chambers, It’s, Chambers, ”, Christopher Horsley, Chiang Mai, “, rawness, it’s, –, Justin Foulkes, Bulgaria Chiang Mai Organizations: CNN, Lonely Planet’s, Lonely, Getty, Sustainable Development, ”, Regions, Cities, Brazil Palma de Mallorca, Cameroon Lithuania Fiji Laos Kazakhstan Paraguay Trinidad & Tobago Vanuatu Slovakia Armenia Regions Low, Coastal Locations: Bansko, Bulgaria, Osaka, Japan, Edmonton, Canada, Cameroon, Lithuania, Fiji, Chiriqui, Panama, Valais, Switzerland, Toulouse, France, Puducherry, Pondicherry, Chennai, Vanuatu, Ambrym, Christopher, Thai, Pacific Islands, England, East Anglia, Turkey, Giresun, Coastal Georgia, Cities Toulouse, France Pondicherry, India Bansko, Thailand Genoa, Italy Pittsburgh, USA Osaka, Japan Curitiba, Brazil, Spain Edmonton, Cameroon Lithuania Fiji Laos Kazakhstan Paraguay Trinidad & Tobago Vanuatu Slovakia, Nepal Chiriqui, Panama Launceston, Valley, Australia Valais, Turkiye Bavaria, Germany, Anglia, Hood, Columbia, Oregon

We've tested several for our guide to the best espresso machines, and the Jura Z10 ranks as the best super-automatic espresso machine. The Jura Z10 stands alone in the sea of sub-par automatic espresso machines on the market — though not without a few shortcomings of its own. Read on for our thoughts on the Jura Z10 espresso machine. Owen Burke/Business InsiderIn the end, no fully automatic espresso machine we've tried competes with a quality semi-automatic machine and a perfectly dialed burr grinder. But if convenience is your primary concern and you have the budget for it, the Jura Z10 is the best automatic espresso machine on the market.

Persons: We've, Owen Burke, sudsy microfoam, Lily Alig, Alig, it's, Dylan Ettinger, burr Organizations: Business, Jura Z10, Z10, Amazon, Williams, Espresso Locations: Switzerland, Jura, Siri

☆ Street note lifts cybersecurity stocks, supports our call to own two names in sector
▼ + stars: | 2024-10-21 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

The analyst raised its price target on Palo Alto Networks to $446 (a new Street high) from $421, Check Point Software to $183 from $170, and Fortinet to $105 from $69 while naming it a top pick. There was no action on recent portfolio addition CrowdStrike because the note's focus was on network security. The Morgan Stanley note reinforces our decision to own both Palo Alto Networks and CrowdStrike. With Palo Alto Networks, it's a couple of quarters away from the beginning of a product refresh cycle. Arora Nikesh, Palo Alto Networks CEO & Chairman at the WEF in Davos, Switzerland on May 23rd, 2022.

Persons: Jim Cramer, Bonds, Morgan, CrowdStrike, Morgan Stanley's, Morgan Stanley, Lockheed Martin, Jim Cramer's, Jim, Arora Nikesh, Adam Galica Organizations: CNBC, Federal Reserve, Palo Alto Networks, Alto, Security, Logitech, Zions Bancorp, GE Aerospace, Verizon, GM, Jim Cramer's Charitable Locations: Treasuries, Palo, Davos, Switzerland

☆ UBS sells its 50% stake in Swisscard to American Express
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +1 min

UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank's 50% stake in credit card provider Swisscard. UBS will sell its 50% holding in the company to its joint venture partner American Express , Swisscard said in a statement. After the deal, Amex will become the sole owner of Swisscard, with Credit Suisse customers transferring to the existing UBS credit card platform. Swisscard said it would continue to issue all other cards it issues under the American Express, Mastercard and Visa licenses and will continue to operate the American Express business in Switzerland. Following its emergency takeover last year, UBS is now divesting parts of the Credit Suisse business.

Persons: Swisscard, Amex Organizations: UBS, Credit Suisse, American Express, Mastercard, Visa, Credit Suisse Securities Locations: Krakow, Poland, Switzerland, China, Swisscard

ACCRA, Ghana — Illegal small-scale gold mining in Ghana has been linked with the destruction of the environment and illness. A protest in Accra, Ghana, demanding government action on illegal gold mining. Yaw Amoafo, who owns several small gold mines employing 20 to 30 people each, said public anger at galamsey mining has forced him to cease operations. He added that he feared the government would introduce a short-term ban on small-scale mining, like the one it implemented in 2017. Earlier this year it opened the government-backed Royal Ghana Gold Refinery, with the intent of getting it accredited by the LBMA.

Persons: galamsey, Nana Akufo, Nipah Dennis, Cristina Aldehuela, Addo, Yaw Amoafo, “, ”, Amoafo, Eddie James Richmond, Neil Harby, Harby, Francis Kokoroko, Swissaid Organizations: West, Water Resources Commission, Getty, Ghana’s Ministry of Land, Resources, Ghana Water Ltd, International Institute for Strategic Studies, Watch, Ghana’s Minerals, International Monetary Fund, Sahara Royal Gold Refinery, London Bullion Market Association, Reuters, State Department, Royal, Royal Ghana Gold Refinery Locations: ACCRA, Ghana, Accra, ”, AFP, Cape Coast, Pra, Kibi, London, U.K, South Africa, Africa, Switzerland, Mali, Zimbabwe, Royal Ghana

☆ Khashayar Javanmardi documents environmental decay on Caspian Sea
▼ + stars: | 2024-10-18 | by ( Zoe Whitfield | ) edition.cnn.com time to read: +7 min

CNN —Moving from Tehran to the more northerly lakeside city of Rasht aged 13, Khashayar Javanmardi’s youth was punctuated by weekends and extended holidays on the Iranian coastline of the Caspian Sea. “As an artist, I’ve always wanted to be an honest witness.”Locals call it the lake "Mother Caspian." Khashayar Javanmardi 2024 courtesy Loose JointsThe book oscillates between landscapes, portraits and the quiet scenes that fit somewhere in the middle. Khashayar Javanmardi 2024 courtesy Loose Joints“A question that I asked people was, ‘what is the role of the Caspian in your life?’,” said Javanmardi, who began working on the project at Iran’s Anzali Lagoon. Khashayar Javanmardi 2024 courtesy Loose JointsDespite the recklessness of higher political powers, during his travels Javanmardi found a sense of community in the people he met.

Persons: Khashayar, reminisced, Javanmardi, ”, I’ve, Nathalie Herschdorfer, Caspian, ‘, ’, “, ” Javanmardi, “ I’ve, — Organizations: CNN, UN, Elysée Museum, Environment Department Locations: Tehran, Rasht, Europe, Asia, Iran, Russia, Azerbaijan, Kazakhstan, Turkmenistan, Lausanne, Switzerland, Ukraine, Kiashahr Port

☆ I lived in 5 different US states. None of them had what I was looking for, so I moved my family to Finland, and I have no regrets.
▼ + stars: | 2024-10-18 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +8 min

I'm a Gen X child from the San Francisco Bay Area. Since that first move, I've lived in Alabama, Virginia, and Texas and returned to the Bay Area. The main difference was that the Bay Area was more diverse than Phoenix at that time. The Bay Area had changed so muchWe moved to Half Moon Bay in the San Francisco Bay Area, and in 2017, I got a job at UC Berkeley. People moved in and out of the Bay Area a lot, so it was hard to make lasting social connections.

Persons: Rosanna Guadagno, Guadagno, —, I've, I'd, Dallas, didn't, we'd Organizations: Service, San, Santa Clara University, US, University of Alabama, Alabama, National Science Foundation, University of Texas, Dallas, Big Tech, San Francisco Bay Area, UC Berkeley, Stanford, University of Oulu Locations: California, Alabama, Texas, Finland, San Francisco Bay Area, Phoenix, Alabama , Virginia, Bay, Arizona, Tuscaloosa, . Texas, Virginia, Washington ,, Dallas, Austin, Silicon Valley, San Francisco Bay, Oulu, Switzerland

☆ Overseas UK territories are the ‘biggest enablers of corporate tax abuse,’ tax advocacy group says
▼ + stars: | 2024-10-17 | by ( Dylan Butts | ) www.cnbc.com time to read: +4 min

Advocacy group Tax Justice Network has ranked the British Virgin Islands, followed by the Cayman Islands and Bermuda as "most complicit" in helping corporations underpay corporate income tax. Traffic_analyzer | Digitalvision Vectors | Getty ImagesBritish overseas territories are the world's top enablers of corporate tax abuse, according to a ranking by tax advocacy group Tax Justice Network. The British Virgin Islands is the territory "most complicit" in helping multinational corporations underpay corporate income tax, followed by the Cayman Islands and Bermuda, according to the latest update to TJN's Corporate Tax Haven Index earlier this month. TJN estimates that the UK and its British tax havens cost other countries an estimated $84 billion in corporate taxes annually. Defending themselves against the charges made by the advocacy group, spokespersons from some of the governments said they were in full compliance with international tax standards set by the Organisation for Economic Co-operation and Development.

Persons: FCDO, Broad, TJN, pushback Organizations: Tax, Network, Getty Images, Tax Justice Network, Corporate, TJN, CNBC, Switzerland, Organisation for Economic Co, Development, British, Foreign, Commonwealth, Development Office, OECD, CRS, Crown Dependencies, Overseas, BVI Finance, British Virgin Islands, UK Government, United Nations, UN Locations: British Virgin Islands, Cayman Islands, Bermuda, British, Singapore , Hong Kong, Netherlands, United Kingdom, Jersey, Overseas Territories, British Virgin, U.S, Australia, Canada, Israel, Japan, New Zealand, South Korea

☆ I backpacked across Europe for 2 weeks. Booking Airbnbs in small towns to save money was the most unexpected highlight of my trip.
▼ + stars: | 2024-10-17 | by ( Joey Hadden | ) www.businessinsider.com time to read: +3 min

But to save some money, I stayed in two Airbnbs about an hour outside Berlin and Zurich by train. AdvertisementA 3D map of Neustrelitz, Germany, found in the town square in October 2022. Joey Hadden/Business InsiderRoggwil rests in the rolling hills of Switzerland, and to me, it had the most striking scenes of the entire trip. A sunlit field in Roggwil, Switzerland. Joey Hadden/Business InsiderI expected nothing more than a place to sleep in these towns, so I was pleasantly surprised that they felt like hidden gems.

Persons: —, Joey Hadden, I'd Organizations: Service Locations: Europe, Berlin, Zurich, Vienna, Venice, Rome, Milan, Neustrelitz, Germany, Switzerland, Roggwil

☆ Morgan Stanley is about to report earnings — here's what to expect
▼ + stars: | 2024-10-16 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

In this articleTed Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. Here's what Wall Street expects:Earnings: $1.58 a share, according to LSEGRevenue: $14.41 billion, according to LSEGWealth management: $6.88 billion, according to StreetAccountTrading: Equities of $2.77 billion, Fixed Income of $1.85 billion, according to StreetAccountInvestment Banking: $1.36 billion, according to StreetAccountMorgan Stanley has several tailwinds in its favor. Finally, its Wall Street rivals have posted better-than-expected trading results, making it unlikely that the firm missed out on elevated activity. JPMorgan Chase , Goldman Sachs and Citigroup topped expectations, helped by better-than-expected revenue from trading or investment banking.

Persons: Ted Pick, Morgan Stanley, StreetAccount Morgan Stanley, JPMorgan Chase, Goldman Sachs Organizations: LSEG Revenue, Wealth, Investment, JPMorgan, Citigroup Locations: Davos, Switzerland

☆ UK's ultra-rich non-doms urge Italian-style tax regime to prevent wealth exodus
▼ + stars: | 2024-10-16 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +6 min

Mike Kemp | In Pictures | Getty ImagesLONDON — Britain's ultra-rich non-doms are urging the government to introduce an Italian-style flat-tax regime to prevent a wealth exodus, as their preferential status comes under threat in the upcoming budget. That differs from Italy's regime, which charges a recently doubled rate of 200,000 euros per year regardless of wealth bracket. Non-doms move their moneyReeves had previously said that scrapping the program could generate £2.6 billion ($3.38 billion) for the Treasury over the course of the next government. We need to understand that we need people to be investing here, to create the jobs, wealth, prosperity that we want. Labour courts wealth creatorsThe Labour government has said it is determined to address unfairness in the tax system, pledging in its election manifesto to close non-dom tax loopholes.

Persons: Mike Kemp, Leslie MacLeod Miller, Rachel Reeves, Reeves, Alex Stewart, doms, Sadiq Khan, MacLeod Miller, Dominic Lawrance, Charles Russell Speechlys, Keir Starmer Organizations: Porsche, GTS, Chanel, Bond, Investors, Britain, Oxford Economics, Foreign Investors, CNBC, Labour Party, Treasury, FIFB, Oxford, Labour, Labour's, Investment Locations: London, United Kingdom, IHT, Italy, Switzerland, Dubai, Westbourne, Bayswater, Royal Oak

☆ Buy this contact lens maker as the population gets older, portfolio manager says
▼ + stars: | 2024-10-15 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Alcon offers investors a way to play the growing demand for contact lenses and cataract surgery as society ages, according to Emily Leveille, portfolio manager at Thornburg Investment Management. "One of the clearest structural trends that we see globally is an aging population," Leveille said on CNBC's "The Exchange." "As the population ages, the demand for cataract surgery, the demand for contact lenses increases across the world." She called Alcon a leader in contact lenses, a market she called stable and one that has pricing power. U.S.-listed shares of Alcon have jumped nearly 24% this year, building on 2023's 14% rally.

Persons: Emily Leveille, Leveille, it's Organizations: Thornburg Investment Management, Alcon Locations: Switzerland, U.S

☆ In the competitive world of pharma, companies need to focus on worker well-being to retain top talent, says Ferring's HR exec
▼ + stars: | 2024-10-15 | by ( Julia Hood | ) www.businessinsider.com time to read: +7 min

She said that Ferring has grown more intentional about focusing on worker well-being, which is particularly important for the highly competitive field of healthcare. What are the benefits for companies focused on worker well-being? We've defined well-being in a holistic way, so it's not just about physical well-being; it's also about mental well-being and financial well-being. What advice do you have for other companies that are just getting started thinking about DEI and worker well-being initiatives? What policies demonstrate your focus on worker well-being?

Persons: —, Johnson, JP Morgan, Ferring, We've, it's, I've, we've, you've Organizations: Ferring Pharmaceuticals, Service, gastroenterology, Johnson, American Express, Pharma, pharma Locations: Swiss, Switzerland

☆ Goldman Sachs to report third-quarter earnings
▼ + stars: | 2024-10-15 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday. Goldman's asset and wealth management division is also positioned to benefit from rising asset values across markets as rates decline. Last week, rival JPMorgan Chase set expectations high with better-than-anticipated results from trading and investment banking, factors that helped the bank top earnings estimates. Wells Fargo also exceeded estimates on Friday on the back of its investment banking division.

Persons: David Solomon, Goldman Sachs, Goldman, JPMorgan Chase, Wells Fargo Organizations: LSEG Revenue, Trading, Wealth Management, Goldman, JPMorgan, & $ Locations: Davos, Switzerland

☆ ServiceNow to invest $1.5 billion in the UK to localize AI data processing
▼ + stars: | 2024-10-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Beyond local business expansion, ServiceNow also said it would invest the cash into localizing the processing of data for its large language models (LLMs), AI models that rely on vast quantities of training data to be able to understand and generate text like a human. The firm said that it would bring Nvidia GPUs (graphics processing units) to its data centers based in London and the Welsh city of Newport to support processing of data on its LLMs within the U.K. This will help support "domain specific LLMs" for U.K. clients and governments, ServiceNow said. ServiceNow isn't the only tech giant betting big on the U.K. as a global destination for AI innovation. The AI center forms part of a $4 billion investment Salesforce committed to making in the U.K. over five years in June last year.

Persons: Bill McDermott, ServiceNow, Keir Starmer, hasn't, Salesforce Organizations: Nvidia, International Investment Summit Locations: Davos, Switzerland, Britain, London, Welsh, Newport, Europe, United Kingdom

☆ Can these ultra-exclusive luxury destinations help extend your life? They’d certainly like to try
▼ + stars: | 2024-10-14 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +13 min

Or residents can indulge in hyperbaric treatments, breathing in 100% oxygen in a pressurized chamber which has shown promising anti-aging results. Ice plunges and saunas in renderings of the 122-story Six Senses Residences in Dubai, due to be completed in 2028. This year, a new offering by Equinox includes biomarker testing and customized coaching for fitness, nutrition and recovery. A quest for peak performanceContinuum Club, located in New York City, takes a similar approach to health with the help of AI. Paul Bundy“(Can) you ski longer, hike faster, push the human potential and boundaries within recreational modalities?” Zhang posed.

Persons: ”, Kevin Cavaco, Harley Pasternak, Kim Kardashian, Lady Gaga, Halle Berry, he’s, I’ve, Bryan Johnson, —, ’ biometrics, Tom Wingert, Brian Berkowitz, We’ll, “, we’re, ‘, what’s, Wingert, Matthew McConaughey, Ken Hayden, Christian Davies, Davies, Covid, Priya Mrinal, Woods Bagot, Reed Hastings, Jenny Holzer, James Turrell, Arthur Jafa, Paul Bundy, Alex Zhang, Paul Bundy “, Zhang, We’re, Pasternak Organizations: CNN, Dubai Marina, Dubai, Apple, Equinox, Continuum, Continuum Club, Netflix Locations: Dubai, Prairie, Switzerland, Lanserhof, Austria, New York City, Sedona , Arizona, Arizona, Sedona, Dubai Marina, Utah, Aspen, Deer, it’s

☆ UK trade deals with India and Gulf nations are 'the priority,’ business minister says
▼ + stars: | 2024-10-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

LONDON — The U.K.'s business minister said Monday that securing trade deals with India and Gulf nations remains "the priority" for the Labour government, with talks between Britain and the Gulf Corporation Council expected to resume as soon as next week. U.K. Business and Trade Minister Jonathan Reynolds told CNBC that negotiations with a six-strong group of Gulf countries would reconvene "very soon — maybe as soon as next week," while talks with India also remain a priority. U.K. free trade deals were touted as a key benefit of Brexit, with former Prime Minister and Brexiteer Boris Johnson vowing to secure one with India "by Diwali" 2022. The trade minister has also previously said that the government was pursuing trade talks with Israel, South Korea, Switzerland and Turkey. "It's important to recognize, whilst we don't do foreign policy through trade deals, British engagement commercially – country to country, business to business – is in itself a good thing," he said.

Persons: of Trade Jonathan Reynolds, Jonathan Reynolds, Reynolds, Boris Johnson, It's, Sunil Barthwal Organizations: State, Business, Trade, of Trade, Labour, Gulf Corporation, CNBC, Investment, London's, Conservative, GCC, United, United Arab Emirates Locations: London, United Kingdom, India, Britain, Australia, New Zealand, Singapore, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, United Arab, Israel, South Korea, Switzerland, Turkey

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