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☆ A former weight-loss influencer wants you to know working out doesn't have to be a punishment. That's why she invented 'cozy cardio.'
▼ + stars: | 2023-11-30 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +6 min

Enter "cozy cardio" — a wellness trend focused on exercising in a comfortable way. "Cozy cardio is really just supposed to redefine what exercise and movement means to you," Zuckerbrow told Business Insider, adding that while she previously thought of exercise as a punishment, "cozy cardio" is meant to "bring back enjoyment to movement." Before she was known for her "cozy cardio," Zuckerbrow's TikTok content was primarily focused on weight loss. "You can't be a weight loss account on social media while gaining weight, you know what I'm saying? Zuckerbrow says cozy cardio has improved her relationship with exerciseZuckerbrow told BI that since she's started focusing on "cozy cardio," her attitude towards exercise has changed.

Persons: Hope Zuckerbrow, —, Zuckerbrow's, Zuckerbrow, she's Organizations: Service, Business Locations: Texas

☆ 4 reasons why the Tesla Cybertruck already lost its advantage
▼ + stars: | 2023-11-30 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

CNN —The first production Tesla Cybertruck is expected to be delivered today – finally – four years after it was first unveiled. Stellantis’s Ram 1500 Rev electric truck will also go into production in late 2024. The Cybertruck is less than 19 feet long, according to Tesla, which is slightly shorter than other full-size trucks. Ample functional front space has been a big selling point for the Ford truck, in particular. That truck is claimed to provide up to 14,000 pounds of towing, the same figure Tesla originally claimed at the Cybertruck’s unveiling.

Persons: Elon Musk, Tesla, Ford, Stellantis’s Ram, ” Musk, Stellantis Organizations: CNN, General Motors, Chevrolet Silverado EV, Ford Maverick, Ford, GM, Pickup

☆ Extreme sleep behavior documented in cute Antarctic chinstrap penguins
▼ + stars: | 2023-11-30 | by ( Will Dunham | ) www.reuters.com time to read: +4 min

Guarding their nests is serious business for these medium-sized penguins, with predatory seabirds called brown skuas on the prowl. But this species, scientists said on Thursday, has devised an ingenious way of getting sufficient sleep without compromising vigilance. The researchers documented extreme sleep behavior in these flightless birds. "Penguins do not display any obvious negative consequence of sleep fragmentation," Libourel said. During incubation, skuas prey on penguin eggs, particularly on a colony's periphery.

Persons: chinstraps, ecophysiologist Paul, Antoine Libourel, Won Young Lee, George Island, Libourel, Lee, Will Dunham, Rosalba O'Brien Organizations: Lyon Neuroscience Research, Korea Polar Research, GPS, Penguins, Thomson Locations: Lyon, France, Korea, Incheon, Washington

But since Musk unveiled it four years ago, all three Detroit automakers have shown electric trucks of their own. Musk said the Cybertruck's body is made of a stainless steel alloy developed by Tesla. When Musk unveiled the truck four years ago, he said production would start in 2021. On its website, Tesla said the a rear-wheel-drive version of the truck would start at an estimated $60,990. When the truck was unveiled in 2019, Tesla said the base version would start at $39,900, with a tri-motor, long-range model costing $69,900.

Persons: Tesla, Elon Musk, “, Musk, Rivian, GM's Chevrolet, Stellantis Ram, ”, it's, ” Tesla Organizations: DETROIT, U.S, Ford, General Motors, Detroit automakers, GM, GM's Chevrolet Silverado, Detroit, Tesla, Porsche, Ford Super Duty Locations: Austin , Texas

If General Atlantic decided to sell its stake, a deal could now garner more interest from investors, the sources said. A deal could value the company, which assesses global oil prices and provides industry news, at north of 4 billion pounds ($5.08 billion), Reuters previously reported. Deliberations remain at an early stage and General Atlantic and Hg may decide not to proceed with a transaction, two of the people said. Argus Media, Hg and General Atlantic declined to comment. Hg bought half of General Atlantic's 50% stake in Argus in 2019, valuing the business at more than 2 billion pounds then.

Persons: Adrian Binks, Amy, Jo Crowley, Victoria Farr, Mark Porter Organizations: Argus Media, Reuters, Private, Investments, Atlantic, Atlantic's, Argus, Astorg, Thomson Locations: GIC, London, Argus, Frankfurt

☆ Elon Musk hypes Tesla Cybertruck at deliveries event in Austin
▼ + stars: | 2023-11-30 | by ( Lora Kolodny | In Lorakolodny | ) www.cnbc.com time to read: +2 min

At that event, Musk boasted, "It will be the biggest product launch of anything by far on Earth this year." At the event in Austin, Musk said the Cybertruck's hard steel body was bulletproof, and that its windows were "rock proof." Tesla first unveiled the Cybertruck — with its angular and unpainted hard steel body — in November 2019. The covid pandemic and other factors contributed to a two-year delay however, and Tesla only began early Cybertruck production in July this year. The U.S. electric pickup truck market has not expanded as quickly as some thought when the Cybertruck was initially revealed.

Persons: Elon Musk, Musk, Tesla, Rivian, CNBC's Mike Wayland Organizations: Ford, General Motors, Lordstown Motors, GM, CNBC PRO Locations: New York, Austin, U.S

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKay/File Photo Acquire Licensing RightsNov 30 (Reuters) - Metro Bank (MTRO.L) on Thursday announced sweeping cost-cutting plans aimed at bolstering its finances, which could see the embattled British lender lay off 20% of its staff and axe some of its biggest customer perks including seven-day opening hours. The lender expects to take a lower-than-expected one-off restructuring charge of between 10 million pounds and 15 million pounds in 2023. Metro Bank did not immediately respond to a request for clarification on the precise number of roles at risk, but the lender employs around 4,000 people, according to its latest annual report. It is also reviewing its seven-day opening and extended store hours and will "selectively streamline lending" to focus on relationship banking to maximise risk-adjusted returns.

Persons: Hannah McKay, Jaime Gilinski, Daniel Frumkin, outflows, Yadarisa, Sinead Cruise, Elizabeth Howcroft, Rashmi Aich, Sherry Jacob, Phillips, Sharon Singleton Organizations: Metro Bank, REUTERS, Metro, Thomson Locations: London, Britain, Colombian, Bengaluru

☆ Tesla finally released the Cybertruck's official specs. Here's how it measures up.
▼ + stars: | 2023-11-30 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

The truck outdoes the F-150 Lightning with up to 11,000-pound towing capacity for higher-end models. AdvertisementHere's everything else we know about the Cybertruck after its official reveal:How much the Tesla Cybertruck costsTesla now lists estimated purchase prices for all Cybertruck models on its website, before any tax credits. The all-wheel drive, 340-mile range Cybertruck costs an estimated $79,990 before tax credits, while the "Cyberbeast" 320-mile range model will run you an estimated $99,900 before any incentives. Steel bodyThe Cybertruck's steel body is made from Tesla-designed "stainless steel super alloy," according to the company. This super-rigid steel — which Tesla claims is bullet-proof — would break a traditional stamping machine, which is used to give vehicle bodies their shape.

Persons: Tesla's Cybertruck, —, Tesla, Elon Musk's, Musk Organizations: Tesla, Service, Porsche

☆ Novo Nordisk sues two pharmacies for allegedly selling tainted Wegovy, Ozempic knockoffs
▼ + stars: | 2023-11-30 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

Compounding pharmacies prepare custom-made versions of commercially available treatments to meet the specific needs of a patient. Novo Nordisk first sued Brooksville Pharmaceuticals over copycat versions of Wegovy and Ozempic in July. Including the newest lawsuits, Novo Nordisk has filed 12 legal actions against compounding pharmacies, medical spas and weight loss clinics allegedly selling dupes of Wegovy and Ozempic. That puts patients "at risk of taking drug products that are less effective than expected based on their labeling," according to Novo Nordisk. Several states have also threatened to take legal action against compounding pharmacies that make or distribute unapproved variations of Novo Nordisk's weight loss treatments.

Persons: Eli Lilly, Jason Brett, Novo Organizations: Novo Nordisk, Wells Pharmacy Network, Brooksville Pharmaceuticals, Nordisk, Wells Pharmacy, Novo, U.S . Food, Drug Administration, FDA, CNBC PRO Locations: Oslo, Norway, Florida, U.S, Danish, Ozempic

☆ Top tech YouTuber says Tesla's Cybertruck is 'straight up not delivering' on Elon Musk's promises
▼ + stars: | 2023-11-30 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

Marques Brownlee said Tesla is "straight up not delivering" on its promised specs. Tesla delivered around a dozen Cybertrucks on Thursday. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. "Tesla Cybertruck is notably the first time that Tesla is straight up not delivering on some of the key specs they promised," Brownlee wrote on X, formerly known as Twitter. The top tier version of the Cybertruck can also go from 0 to 60 miles per hour in 2.6 seconds.

Persons: Marques Brownlee, Tesla, —, Tesla's, Marques Brownlee —, Brownlee, Elon Musk, Musk, — Marques Brownlee, Cybertruck Organizations: Service, Twitter, YouTube

☆ GSK CEO says RSV vaccine revenue to top 1 bln pounds in first year
▼ + stars: | 2023-11-30 | by ( Michele Gershberg | ) www.reuters.com time to read: +4 min

GSK had previously forecast 2023 sales for Arexvy between 900 million pounds and 1 billion pounds ($1.26 billion) following a strong U.S. launch. "We’re delighted with the start of our RSV vaccine," Walmsley said in a Reuters Newsmaker interview. The U.S. Food and Drug Administration (FDA) approved Arexvy for adults aged 60 years or older in May and GSK launched the vaccine in the U.S. later in the year. GSK made close to two-thirds of RSV doses given in the United States since early September, according to IQVIA data earlier this month. On Tuesday, rival Pfizer (PFE.N) said it was disappointed in the performance of its RSV shot Abrysvo compared with GSK.

Persons: Walmsley, GSK's, Emma Walmsley, We’re, David Denton, AstraZeneca's, commercialise Johnson, Ludwig Burger, Michael Erman, Josephine Mason, Kirsten Donovan, Elaine Hardcastle Organizations: GSK, Reuters, U.S . Food, Drug Administration, Pfizer, U.S, Thomson Locations: British, U.S, Europe, Japan, United States

[1/2] Former UK finance minister (Chancellor of the Exchequer), Alistair Darling, poses for a photograph in Edinburgh, Scotland, Britain, Aug 31, 2018. REUTERS/Russell Cheyne/File Photo Acquire Licensing RightsLONDON, Nov 30 (Reuters) - Former British finance minister Alistair Darling, who steered the country's economy and banking system through the shock of the global financial crisis in 2007-08, has died aged 70 after undergoing treatment for cancer, his family said on Thursday. Darling was named chancellor of the exchequer by former prime minister Gordon Brown in June 2007, just as the crisis was brewing at leading financial institutions. "I never met anyone who didn't like him," Brown's predecessor as prime minister, Tony Blair, said. "Darling's passing is a huge loss to us all," said Britain's present prime minister Rishi Sunak, from the centre-right Conservative party.

Persons: Alistair Darling, Russell Cheyne, Darling, Gordon Brown, Brown, Margaret, Calum, Anna, Tony Blair, Lehman, Rishi Sunak, Muvija, Kate Holton, Andrew Heavens Organizations: REUTERS, Royal Bank of Scotland, Lloyds TSB, Labour Party, Treasury, Western General Hospital, Loretto School, Aberdeen University, The Guardian, Lehman Brothers, Conservative, Thomson Locations: Edinburgh, Scotland, Britain, British, United Kingdom

John set up his AIDS Foundation in 1992 and has helped raise millions of dollars to prevent HIV infections and reduce stigma. "This evening I was privileged to welcome Sir Elton John and acknowledge his exceptional contribution to the global fight against HIV and AIDS — personally and through the Elton John AIDS Foundation,” Commons Speaker Lindsay Hoyle said on X, formerly Twitter. The Parliament reception for John came ahead of World AIDS Day, which takes place on Friday. “Sir Elton has been a powerful voice for change in the U.K. and the world,” Sunak told lawmakers. “Through the brilliant work of the AIDS Foundation he has raised awareness of the issue, reduced stigma and saved lives.”

Persons: — Elton John, ” John, John, Sir Elton John, AIDS —, Elton John, Lindsay Hoyle, Rishi Sunak, “ Sir Elton, ” Sunak, ” Organizations: AIDS Foundation, AIDS, Elton John AIDS Foundation, Twitter, NHS, Health, World Health Organization, John's AIDS, “ Locations: London, England

☆ Goldman Sachs analyst used inside information for profit, London court told
▼ + stars: | 2023-11-30 | by ( Sam Tobin | ) www.reuters.com time to read: +2 min

LONDON, Nov 30 (Reuters) - A former Goldman Sachs (GS.N) analyst used confidential information to make more than 140,000 pounds ($176,800) from shares in listed companies, prosecutors told a London court on Thursday. Prosecutor Peter Carter said the brothers "used information which they should not have used – because it was private, confidential, price-sensitive information – to gamble effectively, to invest on the stock exchange". He told the jury that Goldman Sachs' internal policies strictly forbid any use of confidential information acquired by the investment bank or its employees. "To breach a confidence or to use confidential information improperly or carelessly would be unthinkable," the policy says. Carter said the policy was clear that employees are not allowed to use confidential information "other than for your work at (Goldman Sachs) and nothing else".

Persons: Goldman Sachs, Mohammed Zina, Zina, Suhail Zina, Clifford Chance, Mohammed, Peter Carter, Carter, Sam Tobin, Bill Berkrot Organizations: Goldman, Goldman Sachs International, Arm Holdings, Southwark Crown, Tesco Bank, Thomson Locations: London, Southwark

☆ Second-hand shopping a $1-bln-plus business for Amazon in Europe
▼ + stars: | 2023-11-29 | by ( James Davey | ) www.reuters.com time to read: +3 min

[1/5] Customers visit the Second Chance Store, a new shop selling returned and refurbished products from Amazon's Second Chance programmes in-person in central London, Britain November 28, 2023. Acquire Licensing RightsLONDON, Nov 29 (Reuters) - Consumer demand for refurbished and pre-owned goods in Britain and across Europe has created a billion pound ($1.3 billion) business for Amazon (AMZN.O), its UK boss said. "Customers are telling us that they’re shopping second hand items to save money in the ongoing cost of living crisis and because they want to shop more sustainably," Boumphrey told reporters. He was speaking at the launch of Amazon UK's "Second Chance Store" - a Christmas pop-up shop in London selling returned and refurbished items. Amazon has invested 56 billion pounds in Britain since 2010, including 12 billion in 2022 alone, Boumphrey said.

Persons: John Nguyen, Handout, John Boumphrey, Boumphrey, James Davey, Mark Potter Organizations: REUTERS, Acquire, Amazon, Reuters, Digital Markets, Competition, Consumers, European Union, Thomson Locations: London, Britain, Europe

☆ Australian police officer charged with manslaughter over death of 95-year-old woman tasered in nursing home
▼ + stars: | 2023-11-29 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +2 min

CNN —An Australian police officer has been charged with manslaughter after he tasered a 95-year-old woman with dementia in a nursing home. Clare Nowland, a great-grandmother, died in hospital a week after she was tasered at the home in May. A 33-year-old senior constable, Kristian White, is alleged to have tasered Nowland at the home after asking her to drop a steak knife she was holding. The other officer attempted to grab the knife, but Nowland is said to have moved towards them with her walker. Family friend Andrew Thaler said at the time that before the incident Nowland was frail and unable to stand unaided.

Persons: Clare Nowland, Kristian White, White, Nowland, “ Clare, Andrew Thaler Organizations: CNN, Police, New South Wales Police, Public Prosecutions, Monaro Police, Sky News Australia Locations: Cooma , New South Wales, New, ”

☆ Ferrovial ends bumpy Heathrow ride on a high
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 29 (Reuters Breakingviews) - Ferrovial (FERF.AS) may be relieved to be exiting one of the world’s busiest airports. The Spanish infrastructure giant has sold its final stake in Heathrow, left over after its 2006 acquisition of BAA, which owned the hub along with Stansted and Gatwick. Regulators forced BAA to sell airports like Gatwick on competition concerns, and Ferrovial later trimmed its stake to just 25%. In 2020 Covid-19 struck, and Heathrow has since been locked in disputes with airlines like British Airways, who accuse it of overcharging. The price paid by Ardian and Saudi Arabia’s Public Investment Fund values Heathrow including debt, at 25 billion pounds, a 27% premium to its regulated asset base.

Persons: –, Aimee Donnellan, Julius Baer’s, Lisa Jucca, Streisand Neto Organizations: Reuters, BAA, Stansted, Regulators, Gatwick, Heathrow, British Airways, Saudi Arabia’s Public Investment Fund, Jefferies, X, Barclays, Thomson Locations: Spanish, Heathrow, Gatwick, It’s

☆ UK investment advisers face capital hike to cover compensation costs
▼ + stars: | 2023-11-29 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

Signage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File Photo Acquire Licensing RightsLONDON, Nov 29 (Reuters) - Investment advisers in Britain should hold extra capital to cover compensation costs, regulators proposed on Wednesday, in a bid to put a lid on the rising bill for bad advice. It is important that the polluter pays," Sarah Pritchard, the FCA's executive director of markets and international, said in a statement. Advisers already have to set aside a minimum of 20,000 pounds in capital to operate. PIMFA, a trade body for financial advisers, said it welcomed a "polluter pays" model, but urged a proportionate approach to avoid barring new entrants.

Persons: Toby Melville, Sarah Pritchard, Yadarisa, Dhanya Ann Thoppil, Christina Fincher Organizations: FCA, Financial, Authority, REUTERS, Investment, steelworkers, Thomson Locations: London, Britain, Bengaluru

REUTERS/Kevin Mohatt Acquire Licensing RightsLONGMONT, Colorado, Nov 29 (Reuters) - Two Colorado paramedics go on trial on Wednesday for their alleged role in the 2019 death of Elijah McClain, a young Black man who died after police roughly detained him and medics injected him with a powerful sedative. The trial is the last of three in the death of McClain, 23. Prosecutors allege the paramedics injected him with 500 mg of the sedative ketamine after incorrectly estimating his weight to be 200 pounds (91 kg). After Floyd's death ignited global protests, Colorado Governor Jared Polis in June 2020 asked the state attorney general's office to investigate McClain's case. Reporting by Brad Brooks in Longmont, Colorado Editing by Donna Bryson and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Nathan Woodyard, Elijah McClain, Black, Kevin Mohatt, McClain, Jeremy Cooper, Peter Cichuniec, Cooper, Cichuniec, George Floyd, Jared Polis, Brad Brooks, Donna Bryson, Matthew Lewis Organizations: Court, REUTERS, Prosecutors, Police, Minneapolis police, Thomson Locations: Adams County, Brighton , Colorado, U.S, , Colorado, Colorado, Denver, Aurora, Minneapolis, Longmont

☆ This Seed Season, Consider a Catalog That Takes a Different Approach
▼ + stars: | 2023-11-29 | by ( Margaret Roach | ) www.nytimes.com time to read: 1 min

It takes a village, not a threshing machine, to complete the harvest of pounds of watermelon seeds that will fill the simple, white packets sold by Turtle Tree Seed. “Nobody minds helping with the watermelon-seed collection,” said Lia Babitch, the seed company’s co-manager. She’s not just talking about their crew: Residents of Camphill Village, in Copake, N.Y., where Turtle Tree is headquartered, are happy to join in. It’s a pretty sweet task, after all, that involves eating the fruit of yellow-fleshed Early Moonbeam, or perhaps an heirloom like Moon and Stars, and spitting the seeds into cups provided for that purpose — the first step before washing, drying and eventually packing them for sale.

Persons: ”, Lia Babitch, She’s Locations: Camphill, Copake, It’s

☆ Cuban family business produces flour from coconut and yucca amid shortages
▼ + stars: | 2023-11-28 | by ( Alien Fernandez | ) www.reuters.com time to read: +2 min

[1/5] Entrepreneur Gabriel Perez, 38, poses for a photo as he checks slices of banana put to dry in his farmland in the rural outskirts of Havana, Cuba, November 22, 2023. REUTERS/Alexandre Meneghini Acquire Licensing RightsHAVANA, Nov 28 (Reuters) - On a small farm outside Havana, a Cuban family-run business produces gluten-free flour from banana, coconut and yucca, preferring locally-sourced ingredients to pricey imports as Cubans seek innovative solutions to a growing food crisis. His business, Bacoretto, dries and mills yucca, rice, banana and coconut into organic flour preferred by gluten-intolerant consumers, who have only recently been able to find food products tailored to their dietary needs in Cuba. Byproducts of their processes are used to make coconut oil, coconut-fiber rope, vinegar and fermented products and sweets, Perez told Reuters. It produces 6 to 8 kilograms (13.2 to 17.6 pounds) of flour a week, Perez said, in small batches, in addition to byproducts, with a staff of eight people.

Persons: Gabriel Perez, Alexandre Meneghini, Perez, Fidel Castro's, Alien Fernandez, Nelson Acosta, Bill Berkrot Organizations: REUTERS, Rights, Reuters, Thomson Locations: Havana, Cuba, Rights HAVANA, Caribbean

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 28, 2023. REUTERS/Staff/File Photo Acquire Licensing RightsLONDON, Nov 28 (Reuters) - The EU is falling behind Britain in tapping into savers' money to boost the stock market, despite reforms in continental Europe being a step in the right direction, an official with Germany's bourse told Reuters. For Maassen there is an opportunity in Europe to rival US capital markets. Maassen urged policymakers to speed up the implementation of the Capital Markets Union, a longstanding project to create a single market for capital beyond national borders. Earlier this month, European Central Bank President Christine Lagarde called for a capital markets union, with a single supervisor and trading infrastructure, to finance its digitalisation and green transition.

Persons: Stefan Maassen, Jeremy Hunt, Hunt, ThyssenKrupp, Maassen, Germany's, Christine Lagarde, Lagarde, Pablo Mayo Cerqueiro, Anousha Sakoui, Christina Fincher Organizations: REUTERS, Staff, Germany's bourse, Reuters, Capital Markets, Deutsche, Frankfurt Stock Exchange, Schott Pharma, OLB Bank, DKV, New York Stock Exchange, EU, Capital Markets Union, European Union, European Central Bank, ., Thomson Locations: Frankfurt, Germany, EU, Europe, we're, U.S

☆ An anti-aging drug for dogs promises to win owners more time with old pets. It could be FDA-approved soon.
▼ + stars: | 2023-11-28 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +2 min

Loyal for Dogs is developing drugs to extend doggie lifespans. One drug just cleared a key FDA hurdle, a sign the agency is ready to take longevity seriously. AdvertisementAn anti-aging drug for dogs is one step closer to doctor's offices, after it cleared a key regulatory hurdle with the US Food and Drug Administration (FDA) earlier this month. On Tuesday, Loyal for Dogs announced that its first-of-its-kind longevity drug received the first of three green lights needed for FDA approval. This is the first time that US regulators have hinted that they could be ready to endorse longevity drugs.

Persons: —, LOY, Celine Halioua, Halioua Organizations: FDA, Service, US Food and Drug Administration, Dogs, Business, Halioua

SummaryCompanies Aims for aerospace margin of 15-17%Expects medium-term annual operating profit of 2.8 bln stgShares rise 6.5%LONDON, Nov 28 (Reuters) - Rolls-Royce (RR.L) aims to quadruple profit in the next five years by boosting the performance of its jet engines and bearing down on costs in boss Tufan Erginbilgic's masterplan for Britain's most prestigious engineering company. That would be driven by surge in profit margins at its civil aerospace business to 15-17% from 2.5% last year. Agency Partners analyst Nick Cunningham said the targets implied Rolls-Royce was willing to shed revenues in exchange for better profitability. "If so, that is a deeper culture change from Rolls-Royce’s traditional market share optimisation approach of past decades," he said. "We will capture market share every year, but in a profitable way," he said.

Persons: Tufan, Erginbilgic, Nadja Wohlleben, Royce, Nick Cunningham, Rolls, Paul Sandle, Barbara Lewis, Mark Potter Organizations: Royce, Airbus, Boeing, REUTERS, Agency Partners, Trent, Thomson Locations: widebodies, Royce Germany, Dahlewitz, Berlin, Germany

REUTERS/Aly Song/File Photo Acquire Licensing RightsLONDON, Nov 28 (Reuters) - M&G Real Estate (MNG.L) forecasts it is "a matter of time" before global property markets face greater volumes of forced selling, with banks increasingly reluctant to refinance troubled or lower quality assets at current interest rates. "We are in a new period of real estate investment that will require a new mindset," he told Reuters before the publication of the firm's Global Real Estate Outlook on Tuesday. Nearly 40% of outstanding British commercial real estate loans are due to mature in 2024 and 2025, where average real estate values have fallen by over 20% since mid-2022, the report said, citing data from Bayes Business School. "Real estate debt is becoming an increasingly attractive investment proposition," Pellicer said. U.S. office-based working is at only 50% of pre-pandemic levels, the report cited real estate services firm JLL (JLL.N) as estimating, while numbers in Europe have recovered to 75%.

Persons: Aly, Jose Pellicer, Pellicer, G, Carolyn Cohn, Sinead Cruise, Alexander Smith Organizations: REUTERS, G, Reuters, Bayes Business, Thomson Locations: Shanghai, China, Germany, Sweden, Europe, United States, Asia

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