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☆ Meet Fox CEO Lachlan Murdoch, the successor to his father's media empire and one of the people who decided to fire Tucker Carlson
▼ + stars: | 2023-04-26 | by ( Britney Nguyen | Lakshmi Varanasi | ) www.businessinsider.com time to read: 1 min

Lachlan, 51, was born in London in 1971. He was raised in New York with his older sister Elisabeth and younger brother James. From left: James, Elisabeth, Rupert, and Lachlan Murdoch (Photo by Tom Stoddart/Getty Images) Tom Stoddart/Getty ImagesLachlan was born to Rupert's second wife, Anna Torv. His older half-sister, Prudence, was born in 1958 to Rupert and his first wife, Patricia Booker. Source: Bloomberg, Financial Times

Unlike the chubby, fluffy image of her younger self, 22-year-old Ya Ya has appeared skinny in recent photos, with her black and white coat missing clumps of fur. But Le Le died suddenly of heart disease in early February, further fueling suspicions of mistreatment. Throughout the past weeks, Ya Ya regularly appeared as a top trending topic on Weibo, each time attracting hundreds of millions of views. Allegations of mistreatmentWhen Ya Ya and Le Le arrived at Memphis in 2003, it was a huge deal for the city. A petition by Panda Voices to bring Ya Ya and Le Le back to China on change.org has garnered 193,000 signatures.

President Biden has announced that he will seek another term in the Oval Office, despite the fact that he will be 81 on Election Day 2024. Not everyone is overjoyed about that prospect — more than half of Democrats don’t want him to run again. Nonetheless, the party’s leaders are increasingly confident about his chances. Jonathan Weisman, a political correspondent for The Times, explains why.

☆ Jeronimo Martins' first-quarter profit jumps 59%, margin narrows
▼ + stars: | 2023-04-26 | by ( Patricia Vicente Rua | ) www.reuters.com time to read: +2 min

LISBON, April 26 (Reuters) - Portugal's second-largest retailer Jeronimo Martins (JMT.LS) on Wednesday posted a 59% jump in first-quarter net income as higher prices to offset soaring inflation boosted sales, though its margins narrowed. The company booked a net profit of 140 million euros ($154.71 million) between January and March. Consolidated sales in the first three months of the year rose 23.4% to 6.8 billion euros, driven by its Biedronka chain in Poland, where sales increased 26% to 4.8 billion euros. Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) grew 20.1% to 446 million euros in the quarter. The company plans to invest around 1 billion euros this year, 45% of which in Poland where it wants to open between 130-150 stores and remodel about 350 stores.

Proponents of the restrictions say their aims are to protect students from inappropriate materials and to give parents more control over their children’s education. In focusing on “parents’ rights,” Mr. DeSantis is trying to build on the popularity he amassed when he resisted Covid-19 restrictions, particularly in schools. His Parental Rights in Education law, for example, constrains instruction on gender and sexuality, which has led some districts to remove books with L.G.B.T.Q. Some teachers and librarians say the policies are vague, with imprecise language and broad requirements, leading to some confusion. “It is a whole new level of fear,” said Kathleen Daniels, the president of the Florida Association for Media in Education, a professional organization for school librarians and media educators.

☆ Jessica Burstein, Whose Camera Captured New York, Dies at 76
▼ + stars: | 2023-04-20 | by ( Richard Sandomir | ) www.nytimes.com time to read: +1 min

Jessica Burstein, a photographer who in extended assignments captured three quintessentially New York institutions — the “Law & Order” television franchise, the new Yankee Stadium as it was being built and the restaurant and celebrity hangout Elaine’s — died on April 11 at her home in Manhattan. The cause was lung cancer, her sister Patricia Burstein said. In 1992, Ms. Burstein became the official photographer at Elaine’s, the night spot on the Upper East Side of Manhattan where writers, athletes, actors, politicians and filmmakers gathered in a salon overseen by the imperious owner, Elaine Kaufman. Ms. Burstein came as she pleased, with her only tangible reward the display of her framed pictures on a restaurant wall (Ms. Kaufman did not pay her). She also crafted striking tableside portraits of luminaries like Liza Minnelli and William Styron.

☆ Richard Riordan, Mayor of an Uneasy Los Angeles, Dies at 92
▼ + stars: | 2023-04-20 | by ( Katie Hafner | ) www.nytimes.com time to read: +1 min

Richard J. Riordan, a Queens-born lawyer, businessman and former mayor of Los Angeles who led the city at a particularly divisive time and brought a free-enterprise approach to rebuilding the city’s infrastructure after a devastating earthquake in 1994, died on Wednesday at his home in the Brentwood section of Los Angeles. Mr. Riordan, whose unfiltered speech occasionally got him into trouble, began his career in business and turned to politics later in life. He was elected mayor in 1993, in his first effort at electoral politics, and served until 2001, prevented by term limits from seeking a third term. A moderate Republican, Mr. Riordan came to politics in 1992, when it became clear that Tom Bradley, the Democratic five-term incumbent mayor, would not seek re-election. Mr. Riordan, then 62, was encouraged by friends to run, in part because of his solid ties across the political spectrum.

☆ How Freeing Ukraine’s Trapped Grain Rankled Farmers Elsewhere in Europe
▼ + stars: | 2023-04-20 | by ( Patricia Cohen | ) www.nytimes.com time to read: +1 min

In Britain, food prices were up 19 percent last month from the previous year. In Spain, farmers are worried that a lack of rainfall will irreversibly damage wheat and barley production. Now, to quell the rising discord, the European Union is considering a temporary ban on grain imports to five nations. The combination of spiraling prices for consumers in one part of the world and plummeting incomes for farmers in another illustrates the maddening complexities of the global food market. But the war in Ukraine threatened to seriously worsen the crisis by reducing the country’s grain exports and driving up food and fertilizer prices.

☆ DeSantis Signs Law Lowering Death Penalty Threshold in Florida
▼ + stars: | 2023-04-20 | by ( Patricia Mazzei | ) www.nytimes.com time to read: +1 min

Nearly all of the 27 states that allow the death penalty require unanimous juries. The new Florida threshold will be lower than the 10-to-2 majority required in Alabama. At least 30 inmates who were sentenced to death in Florida have since been exonerated, more than in any other state, according to the Death Penalty Information Center, a nonprofit research organization that opposes capital punishment. “It should be hard to send someone to the death penalty,” said Randolph Bracy, a former Democratic state senator from Orlando, who sponsored legislation in 2017 to require a unanimous jury vote to impose a death sentence. Sparing the life of the Parkland high school gunman last October outraged many victims’ families, who felt that suffering through a grueling trial would at least result in a near-certain death sentence.

☆ A corruption scandal, accusations of favoritism and Franco’s regime: Real Madrid and Barcelona in war of words over Spain’s fascist past
▼ + stars: | 2023-04-19 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

More than eight weeks after the scandal emerged, FCB President Joan Laporta went out to bat for the Catalan club on Monday. General view of Estadio Santiago Bernabeu prior to the La Liga match between Real Madrid CF and Getafe CF on April 09, 2022 in Madrid, Spain. But Laporta finished by saying that Real Madrid is “a club considered the team of the regime,” a reference to the club’s reported historic ties with Franco during his fascist dictatorship. “We are talking about a club [Real] that has historically close ties to political, financial and sporting power,” Laporta said. In total, Real won 14 league titles to Barcelona’s eight under Franco, while the Blaugrana won nine Copas del Generalísimo to Real Madrid’s six.

WASHINGTON, April 19 (Reuters) - British pop star Elton John urged U.S. senators on Wednesday not to ease up on the fight against HIV and AIDS, as Congress faces a September deadline for reauthorizing the multi-billion-dollar U.S. program to fight the disease. Congress must reauthorize PEPFAR for another five years before Sept. 30. REUTERS/Anna GordonA set amount has not been set for the reauthorization, but Congress typically has approved $6.5 billion to $6.9 billion for PEPFAR each year. Global AIDS Coordinator John Nkengasong told the committee PEPFAR has saved 25 million lives and created health networks that have helped fight outbreaks of Ebola and the COVID-19 pandemic. "I urge my colleagues to join me in working to reauthorize PEPFAR without delay and without new mandates and directives," said Senator Jim Risch, the panel's top Republican.

☆ FDA authorizes additional omicron Covid booster for seniors and people with weak immune systems
▼ + stars: | 2023-04-18 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

(Photo by Scott Olson/Getty Images)The Food and Drug Administration on Tuesday authorized an additional dose of Pfizer and Moderna 's Covid-19 vaccines targeting the omicron variant for seniors and people with weak immune systems. People with weak immune systems can receive another omicron shot at least two months after their last dose and receive additional shots at the discretion of their doctor. Children 6 months through 5 years of age who are unvaccinated can now receive the full two-dose series of Moderna's omicron vaccine. The FDA first authorized the omicron BA.5 shots last August, but that subvariant has long since been displaced by a version of omicron called XBB.1.5. In June, the agency will likely update the variant that the Covid vaccines target, ahead of the fall respiratory virus season.

☆ Women’s soccer is having a moment — except in the boardroom
▼ + stars: | 2023-04-18 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +9 min

Norway’s Karen Espelund was “appointed” not “elected” to the position due to her role as chair of the Women’s Football Committee, UEFA told CNN Sport over email. Norwegian Football Association President Lise Klaveness told CNN that the popularity of soccer isn't mirrored in female representation at UEFA. We tend to forget that because we compare it to the phenomenon of men’s football,” Klaveness says. The prize money for this year’s women’s World Cup, which kicks off on July 20, will increase by 300% to $150 million, FIFA President Gianni Infantino announced last month. “They don’t really know: What are the differences between men’s and women’s football?

☆ How Timberland, Vans, VF Corp. are making sure their cotton isn't 'greenwashed'
▼ + stars: | 2023-04-15 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +9 min

In this article VFC Follow your favorite stocks CREATE FREE ACCOUNTSmallholder Farmers Alliance purchase of organic cotton from farmer member. But the focus quickly moved to regenerative agriculture, a practice more activist shareholders are pressing with big consumer companies. "Regenerative agriculture is really important to Timberland and VF because it's about restoring the soil," said Atlanta McIlwraith, Timberland's director of social impact and activation. watch nowVF Corp's efforts with regenerative cotton in Haiti come at a time of growing pressure from consumers for companies to adopt more sustainable practices. So, we tackle the problem from its roots, which is environmental degradation in the country," said Timote Georges, executive director and co-founder of Smallholder Farmers Alliance.

MIAMI — Florida lawmakers voted to prohibit abortions after six weeks of pregnancy on Thursday, culminating a rapid effort by elected Republicans and Gov. Ron DeSantis to transform the state to one of the most restrictive in the country. In the six months after the Supreme Court overturned the federal right to abortion last year, no state saw a greater increase in the number of legal abortions performed each month than Florida, according to a report released on Tuesday. Mr. DeSantis is expected to sign the six-week ban despite the complicated politics the issue presents. The new restriction would help him, to an extent, with conservative Republicans in a presidential primary but would likely be far less appealing to many moderate Republicans and independent voters in a general election.

☆ Brazil could suspend social media sites over school violence content
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

April 12 (Reuters) - Brazil could fine or suspend social media companies that do not effectively regulate content related to school violence, Justice Minister Flavio Dino said on Wednesday. The new measures, set to be published through an ordinance on Wednesday, seek to curb threats of school violence in the country, which have soared after two separate attacks left five dead in recent weeks. The Supreme Court is currently discussing this law's scope and validity. In March, Meta Platforms (META.O) and Alphabet's Google (GOOGL.O) appeared before Brazil's Supreme Court to defend the law, while the government looks to expand regulation over social networks. Dino said Brazil's consumer secretariat will immediately start determining each company's responsibility in proactively regulating harmful content to students.

REUTERS/Florence LoWASHINGTON, April 10 (Reuters) - The leader of a U.S. congressional committee on China said on Monday he was concerned about electric carmaker Tesla Inc's (TSLA.O) dependency on China, a day after the company revealed plans to open a Megapack battery factory in Shanghai. Mike Gallagher, the Republican chair of the House of Representatives' select committee on China's Communist Party, said he would like to know how Tesla's CEO Elon Musk balances U.S. government support for Tesla and its operations in China. "I'm concerned about this," Gallagher told Reuters when asked about the battery factory. "Tesla seems entirely dependent, A, on the largesse of the federal government via tax breaks, and B, upon access to the Chinese market," Gallagher said. Tesla generated $18.15 billion in revenue from China last year, accounting for over one fifth of its total revenue.

LISBON, April 6 (Reuters) - Portugal's government approved on Thursday the abolition of the scandal-hit immigration agency SEF, whose border force officers, uncertain about their future, have mooted industrial action during the usually busy Easter period. It was not immediately clear whether the strike will go ahead from Friday. Parliament approved SEF's abolition in November of the same year, but the process has been slow. There will be a transition period of six months, and SEF officers will help to train their replacements, the government said. Additional reporting by Patricia Rua, editing by Andrei Khalip and Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

REUTERS/Tom KaeckenhoffLEVERKUSEN, Germany, April 5 (Reuters) - Incoming Bayer (BAYGn.DE) chief executive Bill Anderson says he is keeping an open mind on whether to break up the company into smaller pieces, as some fidgety investors want. "That's why I said I am going to have an open mind," he said. On the stock market Bayer, once the most valuable company on Germany's DAX blue-chip index, is now worth only about the same as it paid for Monsanto. At Bayer, he said he did not have his own desk and made use of the company's meeting rooms as needed. Professing a love of American football, hiking and snowboarding, he was also effusive about Bayer as a company and its heritage of medicines such as Aspirin.

☆ Credit Suisse Chairman: ‘I Am Truly Sorry’
▼ + stars: | 2023-04-04 | by ( Patricia Kowsmann | ) www.wsj.com time to read: 1 min

Credit Suisse Group AG’s annual shareholder meeting Tuesday was supposed to be the launchpad for its recovery. Instead, it became the final chapter of its nearly 167-year-old history. Security was tight and check-in was slow for some 1,750 shareholders who showed up at the hockey stadium in the north of Zurich, normally home to concerts and comedians. It was the first Credit Suisse annual meeting held in person since the Covid-19 pandemic took hold in early 2020.

☆ Exclusive: Germany's Stada asks Berlin to help secure its future in Ukraine
▼ + stars: | 2023-04-04 | by ( Patricia Weiss | ) www.reuters.com time to read: +2 min

In the March 21 letter to German Economy Minister Robert Habeck, Stada CEO Peter Goldschmidt said there was a risk Kyiv might withdraw the company's market authorisation. Habeck promised investment guarantees for German companies during a trip to Ukraine on Tuesday as part of his goal to speed up reconstruction in the war-torn country. Pharmaceutical companies such as Stada and German rivals Bayer (BAYGn.DE) and Boehringer Ingelheim continue to deliver medicines to the country. Stada is very keen to maintain its presence in Ukraine, Goldschmidt told Habeck. "Therefore, we would like to ask you again for your support and for clear signals in the direction of Ukraine to strengthen German companies there," his letter added.

☆ Swiss Prosecutors Probe State-Backed Credit Suisse Takeover by UBS
▼ + stars: | 2023-04-02 | by ( Patricia Kowsmann | ) www.wsj.com time to read: 1 min

UBS is paying more than $3 billion for Credit Suisse. Switzerland’s prosecutors are probing the government-orchestrated takeover of Credit Suisse Group AG by rival UBS Group AG. The federal prosecutor has reached out to national and local authorities and “issued investigation orders” to analyze and identify if any criminal offenses took place under the deal, which also involved the government, the financial regulator, Finma, and Switzerland’s central bank, a spokeswoman said in a statement.

Amancio Ortega set up the first Zara store in A Coruna in the north west of Spain in 1975. Marta Ortega started from the bottom at Inditex, stacking shelves at a Bershka store when she was 23. Ortega, whose father owns 59.3% of Inditex, has mainly worked in the background, leaving the spotlight to the CEO. "We feel that Marta Ortega has repositioned Zara slightly upwards," said Patricia Cifuentes, analyst at the investment banking arm of Spanish investment firm Bestinver. "Reinforcing that Zara sells fashion, not just clothes, has allowed Inditex to increase prices and protect the margins amidst the inflationary storm."

☆ CNBC Special Pro Talks: How top women in finance are putting money to work
▼ + stars: | 2023-03-31 | by ( Samantha Subin | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Special Pro Talks: How top women in finance are putting money to workCNBC Pro is rounding out Women's History Month with three of the best female investors around. CNBC "Halftime Report" Supervising Producer, Patricia Martell, sits down with Requisite Capital Management's Bryn Talkington, Gilman Hill Asset Management's Jenny Harrington, and SoFi's Liz Young to discuss their impact on the industry, how they are investing in today's market, and to answer your questions.

☆ Gen Z wants to run your company. 'Shadow boards' give them a say without handing them the keys.
▼ + stars: | 2023-03-31 | by ( Juliana Kaplan | Rebecca Knight | ) www.businessinsider.com time to read: +8 min

Oliver Wyman says its shadow board helped contribute to a 30% reduction in attrition in 2022. Andrew Pérez started at the management-consulting company Oliver Wyman three years ago. Oliver Wyman started its shadow board in 2021. Oliver Wyman's executive team tends to be older, while the shadow board skews younger and more diverse. She was eager to join the shadow board last year.

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