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☆ 'Swift effect' prompts viewership spike for Chiefs-Jets game
▼ + stars: | 2023-10-02 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

[1/2] Sep 24, 2023; Kansas City, Missouri, USA; Taylor Swift reacts while watching the Kansas City Chiefs vs Chicago Bears game during the first half at GEHA Field at Arrowhead Stadium. A rumored relationship between Swift and Chiefs tight end Travis Kelce has sent interest sky-rocketing in Super Bowl champion Kansas City. In another sign of "the Swift Effect," sales of Kelce's jersey surged after Swift's appearance at his Week 3 home game. The broadcast featured ads for the forthcoming concert film "Taylor Swift: The Eras Tour" and on several occasions cut to Swift, who cheered on the Kansas City team enthusiastically, while commentators made references to her song lyrics. Swift had also appeared at the Chiefs' Week 3 game at home at which the champions pummeled the Chicago Bears 41-10.

Persons: Taylor Swift, Denny, Swift, Travis Kelce, reveled, Amy Tennery, Dawn Chmielewski Organizations: Kansas City Chiefs, Chicago Bears, Arrowhead, New York Jets, Sunday, NBC Sports, Chiefs, Super Bowl, Kansas City, MetLife, Sunday Night, NBC, NFL, pummeled, Minnesota Vikings, Thomson Locations: Kansas City , Missouri, USA, East Rutherford , New Jersey, New York

☆ France kicks off bird flu vaccination despite trade backlash risk
▼ + stars: | 2023-10-02 | by ( Sybille De La Hamaide | ) www.reuters.com time to read: +2 min

More and more governments have been looking at vaccination as a way to contain the highly contagious bird flu. However, trade barriers such vaccination can prompt have made large poultry exporters reluctant to inoculate their birds. The United States triggered restrictions on imports of French poultry beginning Oct. 1, citing a risk of introducing the virus into the country. Despite intensive talks, Japan was also still reluctant to accept French poultry after vaccination, Fesneau said. Bird flu vaccination in France is initially limited to ducks, which are the most vulnerable to the virus and accounted for only 8% of total French poultry production in 2022.

Persons: Marc Fesneau, Fesneau, CIFOG, Sybille de La, Emelia Sithole Organizations: U.S . Department of Agriculture, Thomson Locations: France, United States, Landes, Japan

Sept 20 (Reuters) - Consumer goods firms like Nestle (NESN.S), Lindt (LISN.S) and Unilever (ULVR.L) may face increased pressure across Europe to cut prices after being singled out by French retailers and politicians, industry experts say. France is a crucial country for consumer goods companies, having long outstripped Germany, Italy, Spain and others as the European Union's biggest market for groceries by supermarket revenues, according to research firm IBISWorld. That means consumer groups will face pressure to rein back prices across the European Union. Because these supermarkets are in different countries and do not compete with one another, they often combine forces to negotiate with consumer goods makers. Consumer goods makers have for more than two years grappled with sky-rocketing input, supply chain and labour costs that they have either absorbed - taking a hit to margins - or passed on to retailers.

Persons: It's, Laurent Thoumine, Thoumine, Ferrero's, Pernod Ricard's Ricard, Systeme, Germany's, Switzerland's, Italy's, Philippe Michaud, Leclerc, Bruno Le Maire, Le Maire, Richard Saldanha, Lindt, Saldanha, Richa Naidu, Helen Reid, Matt Scuffham, Catherine Evans Organizations: Consumer, Nestle, Unilever, Carrefour, PepsiCo, European, Reuters, European Union, Epic Partners, French Finance, Aviva Investors, Paris, Thomson Locations: Europe, France, Germany, Italy, Spain, Eurelec

Prime Minister Justin Trudeau said on Thursday he had invited the heads of Canada's five largest grocery chains, including Sobeys (EMPa.TO), Metro (MRU.TO) and Loblaw (L.TO), to Ottawa next week to discuss how they planned to control sky-rocketing food prices. Trudeau's move comes when governments across the globe, especially in Europe, have expressed concern over soaring food prices as they seek to address a cost-of-living crisis that has intensified after the pandemic subsided and since the Russia-Ukraine war began. However, after a similar move from the French government in June, analysts were skeptical about Trudeau's warning. They argued it was a "political" tactic and might be ineffective in lowering lingering food inflation. "Both PM Justin Trudeau and François-Philippe Champagne (Canada's industry minister) spoke tough about this topic and it is difficult to envision what teeth they have to hold grocers accountable," said Ben Jang, portfolio manager at Nikola Wealth.

Persons: Justin Trudeau, Trudeau's, François, Philippe Champagne, Ben Jang, Michael Ashley Schulman, Allan Small, Granth Vanaik, Pooja Desai Organizations: Metro, Loblaw, Nikola Wealth, Running, Capital Advisors, iA, Wealth, Carrefour, Lipton, Nestle, PepsiCo, Unilever, Thomson Locations: Ottawa, Europe, Russia, Ukraine, Bengaluru

☆ China's economic woes mount with the yuan hitting a 16-year low
▼ + stars: | 2023-09-07 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +2 min

The yuan has plummeted against the dollar this year, as China's economy stagnated. Now, the struggling currency has dropped to a 16-year low versus the dollar. The yuan latest drop came as official data showed Chinese exports declined for the fourth straight month. The latest leg down in the currency came after official data showed China's exports contracted for the fourth month in a row, falling 8.8% in August from a year earlier. Last week China rolled out new measures designed to prop up the struggling currency.

Organizations: Service, People's Bank of China, Bloomberg Locations: Wall, Silicon, China

☆ Singapore’s wealth boom hits most sensitive phase
▼ + stars: | 2023-09-06 | by ( Anshuman Daga | ) www.reuters.com time to read: +5 min

REUTERS/Edgar Su Acquire Licensing RightsSINGAPORE, Sept 6 (Reuters Breakingviews) - Singapore’s wealth boom may be set for a pause. The amount involved has almost doubled and banks, realtors and jewellery dealers have been caught up in the ring. It is the most eye-catching saga since 2015 when Singapore’s banks were involved in the 1MDB Malaysian sovereign fund mess. As Singapore’s success as a financial centre grows, so too does its vulnerability to dirty money. A thornier problem is Singapore’s desire to avoid perceptions it is capitalising on the troubles of China, its top trade partner.

Persons: Edgar Su, Una Galani, Katrina Hamlin, Pranav Kiran Organizations: REUTERS, Rights, Reuters, realtors, DBS, Deutsche Bank, Bloomberg, Reuters Graphics Reuters, Monetary Authority of, U.S, Police, Thomson Locations: Marina Bay, Singapore, Rights SINGAPORE, China, Malaysian, Hong Kong, Monetary Authority of Singapore

On Sunday, Evergrande reported losses of 33 billion yuan ($4.53 billion) for the first half of the year, versus a 66.4 billion yuan loss in the same period a year earlier. The Chinese property sector’s worsening debt crisis poses a significant challenge for President Xi Jinping and his policy makers, with the country’s economy already reeling from weaker domestic and overseas demand. China’s State Council Information Office, which handles media queries on behalf of the government, declined to comment on the property market and Evergrande’s fate. He sold the first complex the following year for 80 million yuan, according to Evergrande’s website. The committee investigated the matter after banks seized 13.4 billion yuan ($1.84 billion)of deposits held by the property-services unit in 2021.

Persons: Aly, Hui Ka Yan, Hui, Evergrande, Suppliers haven’t, ”, Anne Stevenson, Yang, Evergrande’s, Xi Jinping, Reuters wasn’t, Kelly Richmond Pope, ” Hui, “ Evergrande, Stevenson, Engen Tham, Julie Zhu, Clare Jim, Cassell Bryan Organizations: China Evergrande Group, REUTERS, Rights, China Evergrande, HK, Reuters, Suppliers, J Capital Research, Information Office, Political, Conference, Guangzhou Evergrande, soccer’s, Hong, Forbes, HengTen Networks, Management, Chicago’s DePaul University, Evergrande, Financial, Communist Party, “, China, Shanghai, Cassell, Low, Thomson Locations: China, Shenzhen, Guangdong province, Rights SHANGHAI, HONG KONG, United States, U.S, China’s, Henan province, Beijing, Hong Kong, Guangzhou, Evergrande, HengTen, Evergrande’s Hong Kong, Shanghai

☆ VinFast’s volatile stock has an easy, painful fix
▼ + stars: | 2023-08-30 | by ( Antony Currie | ) www.reuters.com time to read: +3 min

On Tuesday the Vietnamese nascent electric-car maker’s shares capped a flighty first fortnight as a publicly traded company by tumbling 44%. Yet the unprofitable manufacturer still sports a racy $107 billion market capitalisation courtesy of the previous eightfold rocketing of its stock since its merger with a blank cheque company in mid-August. Even with the wild swings, the stock trades almost five times higher than what already looked like a punchy valuation when the merger was announced in May. Granted, VinFast might not be desperate for cash – parent Vingroup (VIC.HM) and Vuong injected $2.5 billion in April. Absent a rapid rise in car sales, though, VinFast’s zippy valuation is heading for more crashes anyway.

Persons: Steve Marcus, David Mansfield, Le Thi, –, Pham Nhat Vuong, Vuong, it’s, VinFast, Una Galani, Thomas Shum Organizations: VinFast Global, Las Vegas Convention, REUTERS, Rights MELBOURNE, Reuters, VinFast Auto, Finance, Vietnam’s, Ford, GM, Thomson Locations: Las Vegas , Nevada, U.S

That sobering view of a post-pandemic global economy emerged from research organized by the Kansas City Federal Reserve and debated here this past weekend. "This puts us in a bleak setting, thinking about the parts of the world that are labor rich but capital poor," he said. "I do remember a time, maybe a more naive time...when more trade would create friends," said Ben Broadbent, deputy governor of the Bank of England. If there was a potential bright spot, it was around the discussion of advances in artificial intelligence as a possible driver of higher productivity. Reporting by Howard Schneider; Editing by Dan Burns and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: JACKSON, Pierre, Olivier Gourinchas, Gourinchas, Maurice Obstfeld, Barry Eichengreen, Eswar Prasad, Donald Trump, Biden, Jared Bernstein, Bernstein, Ben Broadbent, Ngozi Okonjo, Iweala, Trump, Nela Richardson, Howard Schneider, Dan Burns, Andrea Ricci Organizations: Kansas City Federal Reserve, U.S, Monetary Fund, Fed, Peterson Institute for International Economics, International Monetary Fund, University of California, Cornell University, U.S . White House Council, Economic, Biden, Bank of England, Trade Organization, Thomson Locations: , Wyoming, Ukraine, China, West, Washington . China, U.S, Berkeley, Japan, Nigeria, Russian, Europe

A general view of the drug product manufacturing laboratory in biologics and sterile injectables, Catalent, in Brussels, Belgium June 27, 2023. Spokespeople for Catalent and Elliott declined to comment. The U.S.-based contract drugmaker is also Danish company Novo Nordisk's (NOVOb.CO) main manufacturing partner for its popular weight-loss drug Wegovy. The volatility at Catalent could increase scrutiny on the relationship between Novo and its partner. Reuters reported last week that a second Catalent factory will begin filling Wegovy injection pens for Novo as part of an expanded supply agreement.

Persons: Yves Herman Acquire, Elliott, drugmaker, Markus Manns, Catalent, Elliott isn't, Keith Meister's, Scott Ferguson's, Mauricio Gutierrez, Svea Herbst, Bayliss, Maggie Fick, Amanda Cooper, Shri Navaratnam, Bernadette Baum, Catherine Evans Organizations: REUTERS, Elliott Investment Management, Catalent, Novo, Reuters, Union Investment, AstraZeneca, Johnson, Moderna, eBay, Inc, Deutsche Bank, Management, Capital Management, NRG, Svea, Thomson Locations: Brussels, Belgium, U.S, Danish, Novo, United States, Germany, Boston, London

☆ MLB roundup: M's down White Sox for 8th straight win
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +8 min

Yoan Moncada and Vaughn each had two hits as the White Sox lost for the eighth time in 10 games. Brian Anderson's two-run single capped the uprising. Willy Adames hit a two-run homer for the Brewers, who got two innings of scoreless relief from Bryse Wilson (5-0). The Red Sox started 0-for-9 with runners in scoring position before Justin Turner stroked a two-run single in the ninth off Astros reliever Rafael Montero. Will Smith hit a two-run homer for Los Angeles, which lost for just the third time in 20 games this month.

Persons: Josh Rojas, Matt Marton, Mike Ford, Teoscar Hernandez, Justin Topa, Andres Munoz, Andrew Vaughn's, J.P, Crawford, Rojas, Yoan Moncada, Vaughn, CJ Abrams, Abrams, Tommy Kahnle, Carter Kieboom, Mason Thompson, Kyle Finnegan, Ben Rortvedt, Bailey Ober, Dylan Floro, Brian Anderson's, Willy Adames, Bryse Wilson, Christian Vazquez, Kyle Farmer, Eddie Rosario, Bryce Elder, Rosario, Marcell Ozuna, Atlanta's, Elder, Tylor, Justin Verlander, Kyle Tucker, Jon Singleton's, Justin Turner, Rafael Montero, Boston's Adam Duvall, Brandon Belt, Bo Bichette, Mike Baumann, Vladimir Guerrero Jr, Varsho, Adley Rutschman, Jordan Westburg, Ryan Mountcastle, Cleveland, Bobby Miller, Caleb Ferguson, Will Brennan, Andres Gimenez, Myles Straw, Oscar Gonzalez, Cleveland's Sam Hentges, Trevor Stephan, Emmanuel Clase, Noah Syndergaard, Will Smith, Andy Ibanez, Kerry Carpenter, Parker Meadows, Tyler Holton, Alex Lange, Dansby Swanson, Jeimer Candelario, Reese Olson, Drew Smyly, Trea Turner, Taijuan Walker, Turner, Craig Kimbrel, Kyle Harrison, Camilo Doval, Yandy Diaz, Osleivis Basabe slugged, Diaz, Randy Arozarena, Andrew Kittredge, Michael Toglia slugged, Elias Diaz, Brent Suter, Andrew McCutchen, Bryan Reynolds, Louis, Connor Joe, Johan Oviedo, David Bednar, Richie Palacios, Willson Conteras, Alec Burleson, Adam Wainwright Organizations: Seattle Mariners, Chicago White Sox, Seattle, Chicago, Mariners, Ford, White Sox, Nationals, Yankees, Washington, Brewers, Twins, Milwaukee bunched, Milwaukee, Braves, Mets, Atlanta, New, Astros, Red Sox, Houston, Boston, Jays, Orioles, Toronto, Baltimore, Dodgers, Los Angeles, Los, Tigers, Cubs, Detroit, Phillies, Giants, Philadelphia, Francisco, Rays, Rockies, League, Colorado, Pirates, Cardinals, Pittsburgh, Thomson Locations: Chicago , Illinois, USA, Seattle, New York, Minnesota, York, Baltimore, Cleveland, Los, Los Angeles, Parker, San Francisco, Philadelphia, Tampa, St . Petersburg, Fla, St

☆ Viktor Hovland breaks course record to clinch astonishing victory at the BMW Championship
▼ + stars: | 2023-08-21 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

Hovland shot 10 birdies – including seven across the last nine holes – to card an unprecedented nine-under 61 and edge Fitzpatrick and world No. It means Hovland will tee off two shots behind Scheffler, who was left to rue yet another strong performance that ultimately reaped no silverware. With six runner-up finishes across his last two PGA Tour seasons, only Cameron Young has finished second as often, though Scheffler’s six wins during that period undoubtedly soften the blow. Joe Robbins/Icon Sportswire/Getty ImagesRory McIlroy finished three shots behind Fitzpatrick and Scheffler in fourth after also shooting 66. Paired with Hovland for the final round, the Northern Irishman had a front row seat to a historic showing.

Persons: Matt Fitzpatrick, Viktor Hovland, stupefied, Hovland, Fitzpatrick, Scottie Scheffler, –, ” Hovland, Dylan Buell, Scheffler, Cameron Young, Michael Reaves, ”, “ Viktor, Hovland’s, “, ” Fitzpatrick, Joe Robbins, Rory McIlroy, Viktor, ” McIlroy Organizations: CNN, Olympia Fields Country Club, BMW, PGA, Sky Sports, Torrey, Getty, Oklahoma State University, Europe’s Ryder, East, FedEx, American, Northern, Ryder Locations: Olympia, Norwegian, Illinois, Torrey Pines, East Lake, Atlanta

☆ Ecuador election: assassinations cast a grim shadow as country selects a new president
▼ + stars: | 2023-08-20 | by ( Tara John | ) edition.cnn.com time to read: +8 min

Nearly 100,000 troops will be dispatched to ensure public safety and order across Ecuador on election day, Ecuador’s government says. Friends, family members and supporters of Ecuadorean presidential candidate Fernando Villavicencio attend a tribute at Quito Exhibition Center. Henry Romero/ReutersEverything to play forAnything could happen in Sunday’s presidential vote, say analysts, who point to the killing of Villavicencio as potentially changing voters’ preferences. Journalist and presidential candidate Christian Zurita gestures next to his running mate, vice presidential candidate Andrea Gonzalez (R), in Quito on August 13, 2023. Ecuador presidential candidate Yaku Perez looks on as he arrives to participate in a presidential debate, in Quito, Ecuador August 13, 2023.

Persons: CNN —, Fernando Villavicencio, Otto Sonnenholzner, Guillermo Lasso, Henry Romero, ”, Laura Lizarazo, “, Glaeldys González, …, Pedro Briones, Luisa González, Rafael Correa, Lizarazo, Rodrigo Buendia, Correa, González, Villavicencio, Christian Zurita, Andrea Gonzalez, Martin Bernetti, Moreno, Erika Paredes, Marcos Pin, ” Lizarazo, Yaku, Yaku Perez, Karen Toro, El, Nayib Bukele –, Bukele, Jan, Vicente Gaibor del Pino Organizations: CNN, Quito Exhibition Center, Reuters, ”, Crisis, Movimiento, Getty, CNN En, Construye’s, Alianza Actuemos Locations: Ecuador, Colombia, Peru, United States, Guayaquil, Esmeraldas province, Quito, AFP, Belgium, Samborondon

☆ Argentina to freeze fuel prices until Oct 31 to curb inflation
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: 1 min

Aug 17 (Reuters) - Argentina's economy ministry said on Thursday it will freeze fuel prices until October 31 after an agreement with the industry as a measure to help tamp down triple-digit inflation. In a statement, the ministry said the government will cut taxes in exchange for the price freezes, but added that the tax benefits can be "taken away" if companies violate the agreement. The agreement followed a meeting between economy minister Sergio Massa and executives from oil companies such as YPF (YPFD.BA) and Vista (VIST.BA) earlier in the afternoon. The South American nation has been battling against sky-rocketing annual inflation which topped 113.4% through July, with monthly inflation set to rise again in August. Reporting by Carolina Pulice; Editing by Brendan O'BoyleOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergio Massa, Carolina Pulice, Brendan O'Boyle Organizations: Thomson

☆ I drove Hyundai's luxurious new $70,000 electric SUV and saw why it's one of the best Tesla rivals yet
▼ + stars: | 2023-08-17 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

I drove the Genesis GV60, a new compact electric SUV from Hyundai's luxury brand. A Tesla Model Y is just as likely to be owned by an obsessive early adopter as an Uber driver or your grandpa. The Genesis GV60. The Genesis GV60. The Genesis GV60.

Persons: Tim Levin, you've, Tesla, Elon Musk, they've, Kia EV6, it's Organizations: Tesla, EV, Neat, Hyundai, Elon

☆ Portugal's new housing law threatens its tourism industry, say hostel owners
▼ + stars: | 2023-08-14 | by ( Julia Buckley | ) edition.cnn.com time to read: +14 min

The law – proposed and approved by Portugal’s ruling PS party – seeks to address the housing crisis in Portugal. The new law’s resolutions could potentially have far-reaching effects on those running alojamento local (AL) properties – including Portugal’s world-renowned hostels. AL properties outside of low-density areas will also see their current property taxes increase, and be subject to a new tax starting at 15%, known as CEAL. The new legislation threatens the future of all hostels in Portugal, says Miguel Santos, board member at the Associação Hostels de Portugal (AHdP) and owner of a Lisbon hostel. Pedro Nunes/ReutersOne hostel owner fearing for the future is Benedita Vasconcellos, who owns Lisbon’s Goodmorning Solo Traveller Hostel, voted Portugal’s best hostel in 2020.

Persons: Mais Habitação, –, “, hospedagem, ”, Eduardo Miranda, Valerio Berdini, Miguel Santos, ” Santos, AHdP, Richard Cummins, Kash Bhattacharya, ” Bhattacharya, Pedro Nunes, Vasconcellos, I’m, ” Vasconcellos, won’t, Filipa Aguiar, we’ll, Marco Bottigelli, Airbnb, ALEP’s Eduardo Miranda, Miranda, ” “ We’re, ALEP, Miguel Torres Marques, Marina Gonçalves Organizations: CNN, de, Alamy, Portugal, Artists, Reuters, Getty Locations: Portugal, Lisbon, Western Europe, Porto, Spain, Ericeira, ” Lisbon

☆ Argentina inflation likely sped back up ahead of primary vote, analysts say
▼ + stars: | 2023-08-11 | by ( Hernan Nessi | ) www.reuters.com time to read: +3 min

A costumer counts money before buying tangerines in a green grocery store, as Argentines struggle amid rising inflation, in Buenos Aires, Argentina May 11, 2023. REUTERS/Agustin MarcarianBUENOS AIRES, Aug 11 (Reuters) - Argentina's monthly inflation rate likely sped back up to 7.1% in July, a Reuters poll of analysts showed, a blow for the ruling Peronist coalition, which is battling to avoid defeat by the conservative opposition in primary elections on Sunday. The projections from 19 local and foreign analysts ranged from a minimum 5.9% rise to a maximum 7.9% jump in the month. Many analysts saw a tough outlook for prices in the months ahead due to economic uncertainty, fiscal imbalances, and volatility ahead of the general election in October. Argentina's INDEC statistics agency is expected to publish inflation data next week after the primaries.

Persons: Agustin Marcarian, That's, Alejandro Giacoia, Eugenio Marí, Hernán Nessi, Gabriel Burin, Adam Jourdan, Jonathan Oatis Organizations: REUTERS, Peronist, Sunday, Index, Reuters Graphics Reuters Graphics, Libertad, Thomson Locations: Buenos Aires, Argentina, Agustin Marcarian BUENOS AIRES, Progreso

☆ Fernando Villavicencio assasination: How corruption and gang warfare transformed Ecuador
▼ + stars: | 2023-08-11 | by ( Tara John | ) edition.cnn.com time to read: +6 min

But the high-profile assassination on Wednesday of presidential candidate Fernando Villavicencio could be a turning point for the country that has so far struggled to control the bloodshed. Ecuadorean presidential candidate Fernando Villavicencio ran on an anti-corruption platform prior to his death. Floundering authoritiesSecurity and state forces have been badly unprepared for the rise of criminal groups in the country. A a car transports the body of Ecuadorean presidential candidate Fernando Villavicencio on August 10. Last year, the US withdrew visas from high-ranking officers of Ecuadorian state security forces, alleged to be linked to drug trafficking, as well as several judges and lawyers.

Persons: CNN —, Fernando Villavicencio, ” Juan Pappier, Watch’s, “, Karen Toro, Laura Lizarazo, ”, ” Lizarazo, Ecuador’s, Guillermo Lasso, Lizarazo, Eric Farnsworth, –, Villavicencio –, El, Nayib Bukele, Luisa González, Rafael Correa, Vicente Gaibor del Pino Organizations: CNN, Customs, Border Patrol, Ecuadorian, Reuters, Lobos, of, Americas Society, Security Locations: Ecuador, ”, Peru, Colombia, Europe, Washington, Americas

A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. The increasingly popular Wegovy has transformed the weight-loss market since its U.S. launch in June 2021, capturing the attention of patients, investors and celebrities worldwide. Novo's news lifted shares in Europe's second-most valuable listed company after LVMH (LVMH.PA) by more than 17% to record highs. Novo said the eagerly-awaited study results, which have not been peer reviewed, showed that patients on Wegovy had a 20% lower incidence of heart attack, stroke or death from heart disease compared to those on a placebo. Lilly's shares rose nearly 15% in early U.S. trading, boosted by its upbeat quarterly results and Novo's trial data.

Persons: Jim Vondruska, Novo, Wegovy, Jeff Levin, Willis, Willis Towers Watson, Martin Holst Lange, Novo's, Eli Lilly, Mounjaro, Soren Lontoft Hansen, Maggie Fick, Nikolaj Skydsgaard, Jacob Gronholt, Ludwig Burger, Patrick Wingrove, Terje Solsvik, Josephine Mason, Sharon Singleton, Kirsten Donovan, Jan Harvey, Alexander Smith Organizations: REUTERS, COPENHAGEN, Novo Nordisk, Willis Towers, U.S, Union, Pfizer Inc, Amgen Inc, World Health Organization, Barclays, Reuters, Pedersen, Thomson Locations: Chicago , Illinois, U.S, LONDON, Europe's, Europe, United States, Novo, Wegovy, Germany, Denmark, Norway, Copenhagen, Frankfurt, New York, Oslo

A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, U.S., March 31, 2023. The study called SELECT involved 17,500 patients aged 45 years or older with no prior history of diabetes and started almost five years ago testing if the weekly injection has medical benefits. The landmark trial data shows Wegovy has "the potential to change how obesity is regarded and treated," said Martin Holst Lange, executive vice president for development at Novo Nordisk, in a statement. Novo Nordisk said it expects to file for regulatory approvals of a label indication expansion for the weekly injection in the United States and European Union this year. The detailed results from the trial will be presented at a scientific conference later in 2023.

Persons: Jim Vondruska, Wegovy, Danish drugmaker, That's, Martin Holst Lange, Soren Lontoft Hansen, Novo, Maggie Fick, Nikolaj Skydsgaard, Josephine Mason, Sharon Singleton, Kirsten Donovan Organizations: REUTERS, COPENHAGEN, Novo Nordisk, Nordisk, European Union, World Health Organization, Barclays, Thomson Locations: Chicago , Illinois, U.S, LONDON, Danish, Europe's, United States, Europe, European, Norway, Denmark, Germany, Norwegian

☆ Tourists aren't going back to China – and that's another problem for its stuttering economy
▼ + stars: | 2023-08-04 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Just 52,000 tourists on trips organized by travel agents visited China in the first quarter, per the WSJ. A struggling tourism sector will not help China's economy shake off its slowdown. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. "The number of visitors from Europe, America, Japan and Korea are all dropping, substantially," said Xiao Qianhui, a director of the China Tourism Association, in May. But the lack of international appetite for visiting China will not do anything to boost the economy.

Persons: China's, Xiao Qianhui Organizations: Service, Street Journal, Tourism Alliance, Department, China Tourism Association, Bloomberg Locations: China, Wall, Silicon, Europe, America, Japan, Korea, May, Thailand, Vietnam, Beijing

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. Home and kitchen product maker Tupperware Brands Corp's stock rose more than 32%, after sky-rocketing by more than 575% over the past seven sessions despite no material changes to the company's health. The original meme stock rallies, most famously, involved retailer GameStop and movie theater chain AMC Entertainment. Market orders from retail traders made up 17.6% of total market flows on July 31, up from a near six-month low of 14.8% on July 20, according to J.P. Morgan data. Roundhill's Meme index (.MEME) had hit a more than one-year high on Monday.

Persons: Brendan McDermid, Tupperware, JJ Kinahan, Kinahan, Nikola Corp, Morgan, Dan Raju, Raju, Medha Singh, Devika Syamnath, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Tupperware Brands Corp, Apollo Global Management, Tupperware, Revlon, Hertz Corp, IG North America, GameStop, AMC Entertainment, Corp, Nikola, Tesla, Thomson Locations: New York City, U.S, Bengaluru, Chibuike, New York

☆ Extreme heat in the Mediterranean could dent tourist bookings in future
▼ + stars: | 2023-07-21 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

“This can be attributed to travelers seeking out less crowded destinations, and milder temperatures,” the association said. This summer’s extreme temperatures follow blistering heat last year. Meanwhile, online searches for northern European destinations increased by 3 percentage points to hit 10%. Southern Europe still popular with BritsDespite rocketing temperatures, countries in southern Europe are still the go-to spots for many vacationers. Spain, Greece and Turkey are still “by far the most popular [destinations],” he said, which hasn’t “changed at all.”— Barbie Latza Nadeau and Chris Liakos contributed reporting.

Persons: Angelos Tzortzinis, Olivier Ponti, ”, —, Johan Lundgren, Giuseppe Napolitano, Thomas Cook, Sean Tipton, hasn’t “, ” — Barbie Latza Nadeau, Chris Liakos Organizations: London CNN —, European Travel Commission, Tourism Council, Tourists, CNN, European Space Agency, ESA, British, Med Locations: London CNN — Spain, Italy, Europe, Brussels, Spain, France, Croatia, Greece, Czech Republic, Bulgaria, Ireland, Denmark, Athens, United Kingdom, Rome, Nicosia, Cyprus, Catania, Sicily, Southern Europe, Turkey

☆ Cora strengthens Carrefour’s inflation defences
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 13 (Reuters Breakingviews) - Carrefour’s (CARR.PA) 1 billion euros acquisition of smaller rival Cora could be seen as a consequence of the French group’s ability to navigate rocketing inflation. It will give the combined company a near 23% share of the fragmented and competitive French market, consolidating Carrefour’s leadership on its home turf. Five years ago, Carrefour and Casino had begun tentative talks for a possible merger that ultimately collapsed. If anything, Cora’s acquisition will make Carrefour a more attractive target. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Cora, Daniel Kretinsky, Xavier Niel ., Pierre Briançon, Aimee Donnellan, Streisand Neto Organizations: Reuters, Carrefour, Casino, Twitter, Thomson Locations: French, France

☆ UK house prices post biggest annual drop since 2011: Halifax
▼ + stars: | 2023-07-07 | by ( Andy Bruce | ) www.reuters.com time to read: +2 min

House prices dropped 2.6% year-on-year in June, after a 1.1% fall in May, Halifax said. On the month, prices fell 0.1% after a 0.2% monthly drop in May. "How deep or persistent the downturn in house prices will be remains hard to predict," Kinnaird said, adding that falling inflation could offer some support. Halifax said the drop in house prices was largest in the south east of England. In London, prices fell in annual terms by 2.6%, the biggest decline since October 2009.

Persons: Kim Kinnaird, Kinnaird, Andy Bruce, Kate Holton Organizations: Halifax, Bank of, Bank of England, Lloyds Bank, Thomson Locations: Halifax, London, May, Bank of England, England

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