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☆ Bath & Body Works calls investor Third Point's proxy contest "misguided"
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

Feb 27 (Reuters) - Bath & Body Works Inc (BBWI.N) said on Monday investor Third Point's potential proxy contest is misguided and is a result of the specialty retailer not willing to appoint the hedge fund's former co-chief investment officer to its board. Bath & Body Works said in the last twelve months the board has appointed four highly qualified directors, of which Lucy Brady, a senior executive at Conagra Brands (CAG.N), was proposed by Third Point. In a letter to its shareholders, the company said the potential proxy contest was due to the board's unwillingness to appoint Loeb's former partner Munib Islam to the board. Islam, who played a key role in Third Point's activist campaigns, left the firm in 2020 and is now a senior executive at LTS One, an investment partnership. While it has taken "reasonable" steps to avoid a proxy fight, Bath & Body Works said it is "disappointing and unfortunate" that it will have to spend more time on this despite efforts to engage productively with the hedge fund.

☆ Messi named FIFA player of 2022, England women rewarded for Euro campaign
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +2 min

[1/8] Soccer Football - The Best FIFA Football Awards - Salle Pleyel, Paris, France - February 27, 2023 Paris St Germain's Lionel Messi winner of The Best FIFA Player award 2022 REUTERS/Sarah MeyssonnierPARIS, Feb 27 (Reuters) - Lionel Messi was named FIFA player of the year 2022 on Monday as Argentina scooped all major men's awards after winning a vintage World Cup final last December. "I want to express my thanks to (coach Lionel) Scaloni and my team mates, without them I would not be here," Messi added. It's a dream for any player, very few people can achieve that and I was lucky enough to do so." Spain's Alexia Putellas, who won the Ballon d'Or last year, was named women's player of the year after inspiring Barcelona to a third consecutive national title in 2022. Polish amputee Marcin Oleksy won the Puskas prize for best goal of the year for a spectacular acrobatic volley with Warta Poznan against Stal Rzeszow.

☆ UK to offer 3,000 Eurovision tickets to displaced Ukrainians
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +1 min

LONDON, Feb 25 (Reuters) - Britain's government will make 3,000 tickets for the Eurovision Song Contest available to displaced Ukrainians after their country was unable to host the competition because of Russia's invasion last year. The government also said it would provide 10 million pounds ($12 million) of funding to help host Eurovision in May on behalf of Ukraine, which won the competition in 2022 and would normally have become host for the following year. The northern English city of Liverpool will host the 2023 Eurovision. British broadcaster BBC will stage the event, which normally draws a television audience of close to 200 million and was last held in Britain in 1998. ($1 = 0.8372 pounds)Reporting by William Schomberg; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ Dow said it was recycling our shoes. We found them in Indonesia
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +19 min

While the sample was small, the fact that none of these shoes made it to a Singapore recycling facility underscores weaknesses in the system. Dow said these builds will use the 10,000 kilograms (22,000 pounds) of recycled shoe material that have been produced through the Singapore recycling project so far. Reuters had dropped those shoes into a Dow recycling bin at a Singapore community center in September, three months earlier. Recycling flopsThis is not the first novel recycling scheme launched by Dow that hasn’t lived up to its billing. In its Jan. 18 statement, Dow said the shoe recycling partners are “energized by the common vision of sport championing a greener and more sustainable Singapore.” Dow did not comment on the Journal of Consumer Psychology study.

☆ New Zealand police still seeking 23 people after Cyclone Gabrielle
▼ + stars: | 2023-02-24 | by ( Lucy Craymer | ) www.reuters.com time to read: +1 min

WELLINGTON, Feb 24 (Reuters) - The number of people still "uncontactable" in the wake of Cyclone Gabrielle that lashed New Zealand two weeks ago has dropped to 23, New Zealand police said on Friday. Police have been working to reach people that friends or family had registered as uncontactable. The number of people uncontactable topped 6,000 following the cyclone as communications were cut off to many areas. Gabrielle hit New Zealand nearly two weeks ago causing widespread havoc across the country's North Island, leaving at least 11 people dead and displacing thousands. The wild weather also triggered flash floods and evacuation warnings in and around Auckland, also on the North Island and home to a third of the country's population.

☆ Analysis: Goldman Sachs CEO, after missteps, to take center stage at investor day
▼ + stars: | 2023-02-24 | by ( Saeed Azhar | ) www.reuters.com time to read: +6 min

"It's a pretty important investor day," said Mike Cronin, investor director at fund manager abrdn, which owns a stake in the bank. In 2020, Solomon kicked off Goldman's inaugural investor day by telling participants they should feel free to "break into open applause." A deal could broaden Goldman's revenue beyond trading and investment banking, which can be buffeted by economic cycles. The investor day is also an opportunity for the company to address questions around Solomon's leadership after bad press, Mayo said. But several presenters from the 2020 investor day have since left.

☆ Third Point's Loeb plans proxy contest at Bath & Body Works
▼ + stars: | 2023-02-23 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

Bath & Body Works said in a statement late on Wednesday, "The Board strongly disagrees with the views expressed in Third Point's letter." However, it said it would review and consider Third Point's proposed board nominations. Third Point followed through and announced its board challenge hours after Bath & Body Works on Tuesday said that it was adding a second new board member, possibly to assuage the hedge fund's criticisms. Bath & Body Works is valued at roughly $10 billion. This marks Third Point's first proxy fight since 2018 when it challenged Campbell Soup Co.

☆ UK commentator John Motson dies aged 77
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +1 min

[1/5] Soccer Football - Premier League - Everton vs Crystal Palace - Goodison Park, Liverpool, Britain - February 10, 2018 Commentator John Motson leaves after the match Action Images via Reuters/Lee Smith/File PhotoLONDON, Feb 23 (Reuters) - British soccer commentator John Motson has died aged 77, his family announced in a statement on Thursday. "It is with great sadness we announce that John Motson OBE died peacefully in his sleep today (Thursday)," said a statement from Motson's family. "Deeply saddened to hear that John Motson has died," former England striker and current Match of the Day commentator Gary Lineker said on Twitter. Motson joined the BBC on a full-time basis as a sports presenter on Radio 2 in 1968, having been at BBC Radio Sheffield beforehand. John Motson was an ever present fixture in so many of our lives.

☆ Explainer: What is Australia's Indigenous 'Voice to Parliament' campaign?
▼ + stars: | 2023-02-23 | by ( Praveen Menon | ) www.reuters.com time to read: +4 min

Here's what you need to know about Australia's 'Voice to Parliament' campaign:WHO ARE AUSTRALIA'S INDIGENOUS PEOPLE? Aboriginal and Torres Strait Islander people are the Indigenous people of Australia. Australia's Indigenous population shrank after the British colonisation in 1788 as they were dispossessed of their land, exposed to new diseases, forced to work in slave-like conditions, and killed by colonisers. New Zealand created Maori seats in parliament, allowing the indigenous population to choose to vote for candidates for these seats or participate in the general election. HOW DID THE VOICE REFERENDUM COME ABOUT?

☆ She's visited 63 countries by herself — and now coaches others on how to travel solo
▼ + stars: | 2023-02-23 | by ( Lucy Handley | Chris Dwyer | ) www.cnbc.com time to read: +7 min

She's visited 63 countries alone, she said, and now coaches others on how to go solo. She said people enjoy solo travel because they don't need to take anyone else's interests into account. Group toursGroup tours are another popular option for solo travelers. It has added more single-occupancy cabins with no single supplement, which are extra fees that solo travelers are sometimes charged to stay in a room by themselves. Solo travel tipsHoffman offered advice for people who are traveling alone.

☆ NZ cenbank hikes 50bps, flags more to come as inflation 'too high'; kiwi gains
▼ + stars: | 2023-02-22 | by ( Lucy Craymer | ) www.reuters.com time to read: +3 min

The RBNZ continues to expect the cash rate to peak at 5.5% in 2023, according to the monetary policy statement (MPS) accompanying the rate decision. That would mark the most aggressive policy tightening streak since the official cash rate was introduced in 1999. "While there are early signs of price pressure easing, core consumer price inflation remains too high, employment is still beyond its maximum sustainable level, and near-term inflation expectations remain elevated," the central bank said in a statement. The New Zealand dollar rose as high as $0.6246 after the decision, reflecting the hawkish tone of the statement, having traded as low as $0.6206 earlier. New Zealand's annual inflation is currently running near three-decade highs of 7.2%, well above the central bank's medium term target of 1%-3%.

☆ New Zealand cyclone missing now in single digits in Hawke's Bay, search and rescue officials say
▼ + stars: | 2023-02-22 | by ( Lucy Craymer | ) www.reuters.com time to read: +1 min

[1/3] A general view of a damaged bridge after a small creek bursts its bank causing houses to flood in Havelock North, New Zealand. New Zealand Defence Force/Handout via REUTERSWELLINGTON, Feb 23 (Reuters) - The number of people missing in New Zealand's Hawke's Bay following Cyclone Gabrielle is now in single figures, search and rescue officials said on Thursday, 10 days after the worst storm to hit the country in decades tore through the region. Gabrielle killed at least 11 people and caused widespread damage across the North Island, hitting the farming, wine- and fruit-growing Hawke's Bay on the east coast particularly hard. Hawke's Bay Urban Search and Rescue (USAR) team leader Ken Cooper told TVNZ's Breakfast show that search and rescue conditions were arduous. As of Thursday morning, "we are down to single figures" in terms of the numbers of people still unaccounted for in Hawke's Bay, he added.

☆ Bath & Body Works adds second new director amid pressure from Third Point
▼ + stars: | 2023-02-21 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Last week Bath & Body Works added Lucy Brady, a senior executive at Conagra Brands (CAG.N) and consumer products veteran to the board, expanding the group to 11 from 10 members. Voskuil and Brady's appointments come weeks after Third Point, which owns a 6% stake in the company, hinted it might push for board seats. In December Third Point announced its stake in a regulatoryfiling and criticized the company's high costs, includinggenerous executive pay. Bath & Body Works, best known for selling soaps, candles andlotions, is valued at $10 billion. Third Point spent an average of $38.16 per share on thestock which is now trading at $40.76.

☆ Disasters lower outlook for New Zealand interest rate rise
▼ + stars: | 2023-02-20 | by ( Lucy Craymer | ) www.reuters.com time to read: +3 min

Then on Feb. 12 to 15 a cyclone hit the North Island, which includes Auckland. When Cyclone Gabrielle hit, picking had just begun on pip-fruit farms, whose production is worth about NZ$1 billion a year. That would normally be a reason for a central bank to lift interest rates further, but some economists expect the RBNZ to look past the sudden rise as being temporary. Still, Kiwibank chief economist Jarrod Kerr said the central bank should pause hikes until the effect of the cyclone can be understood. After the Christchurch earthquake, the central bank cut its policy rate due to concerns about the economy.

☆ New Zealand police reach more people previously not contactable after Cyclone Gabrielle
▼ + stars: | 2023-02-19 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

[1/2] HMNZS Te Mana crew members help with a clean up after a small creek bursts its bank causing houses to flood in Havelock North, New Zealand, February 18, 2023. New Zealand Defence Force/Handout via REUTERSWELLINGTON, Feb 20 (Reuters) - As New Zealand starts its long road to recovery following the devastation from Cyclone Gabrielle, the number of people still not reachable has fallen as communications in hard hit areas improve, the country's police commissioner said on Monday. The cyclone hit the North Island's northernmost region on Feb. 12 and tracked down the east coast, inflicting widespread destruction. Police have confirmed 11 deaths in circumstances related to the cyclone, most of those have been in Hawke’s Bay. Recovery efforts are continuing with search and rescue teams still working in cyclone damaged areas, while power and telecommunications remain down for some homes.

☆ Why Pizza Hut’s red roofs and McDonald’s play places have disappeared
▼ + stars: | 2023-02-18 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

As fast-food chains spread across the US after World War II, new roadside restaurant brands needed to stand out. So restaurant chains turned to architecture as a key tool to promote their brand and help create their corporate identity. Luke Sharrett/Bloomberg/Getty ImagesBut the fast-food architecture of today has lost its quirky charm and distinctive features. Googie style fell out of fashion in the 1970s as fast-food style favored dark colors, brick and mansard roofs. But in the effort to modernize, some say fast-food design has became homogenized and lost its creative purpose.

☆ Cyclone in New Zealand leaves 7 dead, toll expected to rise
▼ + stars: | 2023-02-16 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

"We do need to brace ourselves for the fact that there are likely be more fatalities from this across the country. And the true extent of that, we won't know for awhile," New Zealand Prime Minister Chris Hipkins said. On Thursday, more than 3000 people were registered with the police as not yet having had contact with friends or family since the cyclone hit. The weather has started to improve, with sunshine now forecast for much of the North Island on Friday. Reporting by Lucy Craymer; Editing by Sandra Maler and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Cyclone Gabrielle death toll rises to five as recovery starts
▼ + stars: | 2023-02-15 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

WELLINGTON, Feb 16 (Reuters) - New Zealand stepped up recovery efforts on Thursday after Cyclone Gabrielle left at least five people dead and displaced 9,000 in the country's most damaging storm in decades. Gabrielle, which hit New Zealand on Sunday before making its way down the east coast of the North Island, cut off entire towns, washed away farms, bridges and livestock, and inundated homes, stranding people on rooftops. Parts of New Zealand's North Island, where about 75% of the country's 5 million residents live, are enduring their second major storm in as many weeks. Meteorological service MetService said Cyclone Gabrielle is now east of the country and continuing to track away from the North Island. The region was hardest hit during Cyclone Bola in 1988, which caused millions of dollars in damage and left seven people dead.

☆ Seen Big Ben already? Here's a Londoner's guide to visiting other parts of the city
▼ + stars: | 2023-02-15 | by ( Lucy Handley | ) www.cnbc.com time to read: +11 min

Central London's City of Westminster is its political heart, while the City of London is where the capital's financial decisions happen. But be warned: Several paths across Hyde Park are pedestrian-only, and police often fine people who cycle on them. The City of London is a blend of old and new, with St Paul's Cathedral close to skyscrapers as well as Roman ruins. While north London has Hampstead Heath, south of the river is Richmond Park, which dwarfs its northern counterpart in size. There's also a branch in central London's Covent Garden — the flower-filled restaurant The Petersham — that has an sit-down deli and bar.

Gabrielle, which reached New Zealand on Sunday before making its way down the east coast of the North Island, cut off entire towns, washed away farms, bridges and livestock, and inundated homes, stranding people on roof tops. Parts of New Zealand's North Island, where about 75% of the country's 5 million residents live, are enduring their second major storm in as many weeks. Two other people have been confirmed dead in Hawke's Bay, a region on the eastern coast of the North Island. The water has drained away but it has left silt, swollen wood and damaged her new kitchen, wall linings and doors. EVACUATIONS CONTINUEMeteorological service WeatherWatch said Cyclone Gabrielle is now east of the country and continuing to track away from the North Island with weather now improving.

☆ Cyclone Gabrielle causes havoc in New Zealand, firefighter missing
▼ + stars: | 2023-02-13 | by ( Lucy Craymer | ) www.reuters.com time to read: +1 min

WELLINGTON, Feb 14 (Reuters) - A New Zealand firefighter is missing after a house slid down a hill in a beachside town near Auckland, as Cyclone Gabrielle pounds the country causing flooding, landslides and huge waves. Gabrielle, had been sitting 100 km (62 miles) northeast of Auckland over some small islands and is now moving southwest. The cyclone has brought heavy rain, flooding and gale force winds across the North Island and forced the evacuation of many beach settlements. States of emergency are in place in Auckland and seven other regions. Reporting by Lucy Craymer; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

At 6 p.m. (0500 GMT) Gabrielle had moved southeast of Auckland, near the east coast of the country's North Island, and was expected to continue moving southeast, roughly parallel to the coast. Weather warnings remained in place for much of the east coast of the North Island and upper South Island. A view shows high tides rising due to Cyclone Gabrielle in Arkles Bay, Auckland, New Zealand February 13, 2023 in this screen grab obtained from a social media video. A New Zealand warship rescued a person from a yacht that turned on its emergency beacon this morning off the east coast. New Zealand declared national emergencies after an earthquake in 2011 and when the COVID-19 pandemic hit in 2020.

☆ Power outages, strong winds, sea swells and rain as Cyclone Gabrielle nears New Zealand
▼ + stars: | 2023-02-12 | by ( Lucy Craymer | ) www.reuters.com time to read: +2 min

WELLINGTON, Feb 13 (Reuters) - More than 30,000 homes were without power in New Zealand's upper North Island on Monday as Auckland and nearby regions were hit by strong winds, heavy rain and huge swells as cyclone Gabrielle nears. Gabrielle hit Norfolk Island on Saturday night, with its most destructive winds missing the island, and is now sitting just north of New Zealand with weather forecasters expecting it to intensify as it nears land during Monday and Tuesday. Many schools and council facilities across Auckland and the upper North Island have closed and people are being asked not to travel if possible. Last month Auckland was hit by record rainfall that sparked floods and killed four people. The New Zealand Defence Force has located staff across Auckland and neighbouring regions and they are bringing in welfare stores to civil defence centres and shelters.

☆ Olympics row deepens as 35 countries demand ban for Russia and Belarus
▼ + stars: | 2023-02-10 | by ( Andrius Sytas | ) www.reuters.com time to read: +4 min

With war raging in Ukraine, the Baltic States, Nordic countries and Poland had called on international sports bodies to ban Russian and Belarusian athletes from competing in the Olympics. "At the same time, we know that 70 percent of Russian athletes are soldiers. He said that most participants had been in favour of an absolute exclusion of Russian and Belarusian athletes. The IOC has opened the door for Russian and Belarusian athletes to compete as neutrals. While Anne Hidalgo, the mayor of host city Paris, has said Russian athletes should not take part, Paris 2024 organisers have said they will abide by the IOC's decision on the issue.

[1/3] A Tesla is charged at an electric car supercharger station in Los Angeles, California, U.S. August 2, 2018. A dearth of chargers on U.S. roads has slowed the growth of EV sales and the positive environmental impact, advocates say. In January of last year, Tesla wrote the Federal Highway Administration, offering the Biden administration suggestions on how to shape the charging program. In Ohio, the company responded to a recent request that companies submit charging proposals, state officials told Reuters. The Department of Transportation next week will detail final requirements that all electric vehicle chargers must meet to be eligible for funding under the $7.5 billion effort to electrify highways and interstates across the nation.

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