DIRS.INFO The most relevant business & tech news

☆ Tech M&A has been thwarted by regulators, but dealmakers skeptical that election will change much
▼ + stars: | 2024-09-17 | by ( Jordan Novet | ) www.cnbc.com time to read: +12 min

Amazon abandoned its $1.7 billion purchase of iRobot in January after the FTC and European regulators raised concerns. Since peaking at $1.5 trillion in 2021, tech transaction volume has plummeted, dropping to $544 billion last year, according to Dealogic. Before the company announced its $27 billion purchase of data analytics software company Splunk last September, he said he viewed the risk as absolutely worth taking. Alphabet's last big deal was its $5.4 billion purchase of cybersecurity company Mandiant in 2022. Microsoft closed its massive $75 billion purchase of Activision in October, but it took 20 months and a protracted fight with U.S. and European regulators.

Persons: Lina Khan, Jonathan Kanter, Khan, Joe Biden, Drew Angerer, Biden, Permira, Thoma, Sen, JD Vance, Donald Trump's, Barry Diller, Reid Hoffman, Kamala Harris, Andrew Luh, Gunderson Dettmer, Figma, Dana Rao, Rao, We've, they've, Juniper, Salesforce, Antonio Neri, Pau Barrena, Neri, Sergio Letelier, hasn't, Letelier, Marc Benioff, It's Benioff's, Slack, Benioff, Derek Idemoto, who's, Idemoto, that's, Splunk, HPE's Letelier, it's, Harris, Trump Organizations: U.S . Federal Trade Commission, Justice, Brookings Institution, U.S, Senate, Getty, Google, Amazon, Microsoft, Federal Trade Commission, iRobot, FTC, BlackRock, Thoma Bravo, KKR, Republican, CNBC, Democratic, Trump, Big Tech, Justice Department, DOJ, Apple, Meta, Adobe, European Commission, UK Competition, Markets Authority, Justice Department's Antitrust, Hewlett Packard Enterprise, Mobile World Congress, MWC, AFP, Juniper, Markets, DOJ's Antitrust, European Union, EU, Software, Cisco, Activision, Foreign Investment, Regulators, Bloomberg, Tech Locations: Washington, Europe, Barcelona, Pau, Salesforce, United States

☆ Lamine Yamal scores twice in Barcelona win as Europe’s soccer powerhouses dominate the weekend
▼ + stars: | 2024-09-16 | by ( Ben Church | ) edition.cnn.com time to read: +4 min

Highlights included a remarkable performance from Barcelona’s wonderkid Lamine Yamal, another hat-trick from Bayern Munich striker Harry Kane and a goal for Real Madrid superstar Kylian Mbappé. Spain’s La LigaIf you hadn’t heard of Lamine Yamal before this year, then you definitely should have by now. The 17-year-old is arguably the most exciting emerging talent in world soccer and continued his brilliant form in Barcelona’s 4-1 win against Girona on Sunday. Germany’s BundesligaElsewhere in Europe, former Tottenham star Kane continued his impressive start to the new campaign with yet another hat-trick in a Bayern Munich shirt. Harry Kane scored another hat-trick for Bayern at the weekend.

Persons: Harry Kane, Kylian Mbappé, Lamine, –, Dani Olmo, Pedri, Olmo, Barça, Carlo Ancelotti’s, Ander Gillenea, Mbappé, Vinícius Jr, Kane, Jamal Musiala, Stuart Franklin, Giovanni Di Lorenzo, Khvicha, Romelu Lukaku, Alessandro Buongiorno, Antonio Conte’s, Emanuele Perrone, Erling Haaland, agonizingly, Defender Gabriel Organizations: CNN, Bayern Munich, Real Madrid, Liga, Girona, Sunday, La Liga, Real Sociedad, Getty, Madrid, Sociedad, Germany’s Bundesliga, Tottenham, Bayern, Holstein, Bundesliga, Borussia Dortmund, RB Leipzig, Reigning, Bayer Leverkusen, Cagliari, Serie A, Inter Milan, Juventus, Napoli, League In England, Manchester City, Brentford, Arsenal, North London Derby, Gunners, City Locations: Europe, Europe’s, La, Barcelona, Real Madrid, Real, AFP, Madrid, Bayern Munich, Holstein Kiel, Italy, Napoli, Manchester, Norwegian

☆ Air Canada reaches last-minute agreement with pilots union, averting strike
▼ + stars: | 2024-09-15 | by ( ) www.cnbc.com time to read: +1 min

An Air Canada Boeing 777-333(ER) is preparing to take off on the runway at Barcelona-El Prat Airport in Barcelona, Spain, on May 1, 2024. Air Canada said early on Sunday it had reached a tentative agreement with its pilots union over a new four-year collective agreement, in a last-minute deal that will avert a near-term strike or lockout. Air Canada and Air Canada Rouge, which operate nearly 670 flights per day carrying about 110,000 passengers as well as freight, will now continue flying as normal, the airline said. Air Canada said in a statement the terms of its new agreement with the Air Line Pilots Association (ALPA) representing more than 5,200 pilots will remain confidential, pending a ratification vote by its members expected to be completed over the next month. The ALPA said in a separate statement that its leaders had approved the tentative agreement with Air Canada for member ratification.

Persons: ALPA, Steve MacKinnon Organizations: Air Canada Boeing, El, Air Canada, Air Canada Rouge, Air Line Pilots Association, United Airlines, Labour Locations: Barcelona, Spain, Canada's, U.S, United

☆ Pfizer says its experimental drug for deadly condition that causes appetite and weight loss in cancer patients shows positive trial results
▼ + stars: | 2024-09-14 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

Pfizer 's experimental drug for a common, life-threatening condition that causes cancer patients to lose their appetite and weight showed positive results in a midstage trial, the drugmaker said Saturday. Patients with the condition, called cancer cachexia, who took Pfizer's treatment saw improvements in body weight, muscle mass, quality of life and physical function, according to the drugmaker. The condition affects about 9 million people worldwide, and 80% of cancer patients suffering from it are expected to die within one year of diagnosis, according to the company. Cancer cachexia is currently defined as a loss of 5% or more body weight over the past six months in cancer patients, along with symptoms such as fatigue, according to the National Cancer Institute. Allerton said a work group of experts defines a weight gain of greater than 5% as a "clinically meaningful difference in cancer patients with cachexia."

Persons: cachexia, Charlotte Allerton, Pfizer's, Allerton Organizations: Pfizer, National Cancer Institute, CNBC, European Society for Medical Oncology, The New England, of Medicine Locations: U.S, cachexia, Barcelona, Spain, The, Allerton

☆ The world’s best pizza for 2024 isn’t in Naples – or even in Italy. Here’s where it is …
▼ + stars: | 2024-09-13 | by ( Forrest Brown | ) edition.cnn.com time to read: +5 min

Una Pizza Napoletana, opened by pizza maestro Anthony Mangieri in March 2022, not only beat out US competitors but also global ones. That includes pizzerias in Naples, Italy, the holy land for pizza aficionados and foodies in general. Why Una Pizza Napoletana? Una Pizza Napoletana is located in the Lower East Side of Manhattan. Una Pizza Napoletana (New York, USA)2.

Persons: Anthony Mangieri, “, ” Mangieri, Don Antonio, Diego Vigtaliano, Mark Weinberg, Una, Anthony, Margherita, Cosacca, Mangieri, ”, Diego Vitagliano, Francesco Martucci, Sartoria Panatieri, Seu Organizations: CNN, CNN Travel, Una, Napoli Locations: Italy, Side, pizzerias, Naples, New, York, United States, New York, South Korea, Bolivia, India, Lower, Manhattan, New Jersey, New Jersey , New York, Connecticut, Amalfi, Una, Houston, USA, Caserta, Tokyo, Japan, Milan, London, England, San Francisco , USA, San Bonifacio, Barcelona, Spain, Rome

☆ Spanish city billboards urge British tourists to keep their clothes on and behave appropriately
▼ + stars: | 2024-09-11 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

CNN —Authorities in the Spanish city of Malaga have posted billboards that aim to educate tourists on appropriate behavior during their visit, including one that reminds them to wear clothes. Now, city hall has launched a campaign that aims to cut down on some of the more visible examples of bad behavior. “Both on the street and in public places always wear an upper garment for respect and hygiene.”Another billboard from the campaign. The city is one of many in Spain and its islands that is pushing back against the impact of tourism. In May, there were further crackdowns on party boats and public drinking on the islands of Ibiza and Mallorca.

Persons: Costa, ”, Amarachi Orie Organizations: CNN, Authorities, del Sol, Malaga Tourism, Costa del Sol, – Locations: Spanish, Malaga, del, Andalusia, Spain, United Kingdom, Barcelona, Ibiza, Mallorca, Canary

☆ Maui could soon ban some Airbnbs. Short-term rental owners say it will be financially devastating for them.
▼ + stars: | 2024-09-08 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +9 min

When researching the properties, he confirmed their tax status as short-term rentals on the county site. Jason Gobey, another short-term rental owner, told BI he researched and spoke to real-estate agents as well as others before buying his one-bedroom condo in Kihei in 2019. He also said he confirmed the property's tax status as a short-term rental and had no idea there could be an issue with it. Though some of the Minatoya List properties will likely be converted to long-term rentals, Church said it is not financially feasible for him. But the benefit of adding the Minatoya List properties to the housing stock is that they are already built.

Persons: —, Andrew Church, Mario Tama, Richard Bissen, Church, Jason Gobey, Gobey, Smith, Justin Tyndall, Tyndall, that's, it's Organizations: Service, Business, Church, Owners, Maui, Maui Planning, University of Hawaii Locations: Maui, Lahaina, Barcelona, New York City, South Maui, West Maui, Kihei, Arizona, Manoa

☆ Telegram CEO says French charges against him are 'misguided' — read his full statement
▼ + stars: | 2024-09-06 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Pavel Durov, chief executive officer of Telegram, at the Mobile World Congress in Barcelona, Spain, on Tuesday, Feb. 23, 2016. The boss of messaging platform Telegram said late Thursday that charges against him by France are "misguided," in his first public comments since being detained in the country nearly two weeks ago. He cannot leave French territory and has to report twice weekly to a police station, prosecutors said last week. In his first public comments on the situation, Durov said Thursday that France's decision to detain and charge him was based on a "misguided approach. "Using laws from the pre-smartphone era to charge a CEO with crimes committed by third parties on the platform he manages is a misguided approach."

Persons: Pavel Durov, —, Durov Organizations: Mobile Locations: Barcelona, Spain, France

☆ Here's where American Airlines is adding flights to Europe in summer 2025
▼ + stars: | 2024-09-05 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. As social media feeds make their seasonal shift from the Parthenon to pumpkin patches, airlines are busy preparing for the 2025 Europe travel season, a bet that strong demand for international travel will continue next summer. American Airlines on Thursday unveiled new routes to Europe for spring and summer next year. Rivals United Airlines and Delta Air Lines are expected to release their 2025 travel plans in the coming weeks. American said its trans-Atlantic capacity next summer will be up low-to-mid-single digits over this year, with executives confident that consumers will continue to prioritize travel.

Persons: Charlotte ,, Brian Znotins, American's Organizations: Boeing, American Airlines, Milan, Rivals United Airlines, Delta Air Lines Locations: Barcelona, Europe, Chicago, Madrid, Philadelphia, Edinburgh, Scotland, Charlotte, Charlotte , North Carolina, Athens, Greece, Miami, Rome, Italy

☆ Telegram CEO charged with allowing criminal activity by French prosecutors
▼ + stars: | 2024-08-28 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Founder and CEO of Telegram Pavel Durov delivers a keynote speech during the Mobile World Congress in Barcelona, Spain February 23, 2016. REUTERS/Albert GeaFrench prosecutors on Wednesday charged Telegram CEO Pavel Durov with enabling criminal activity on the messaging platform and placed him under formal investigation following his arrest Saturday. In a statement, the Paris Prosecutors' Office said that Durov was indicted of all charges unveiled earlier this week in a statement from prosecutors. Durov has posted 5 million euros for bail, is under judicial supervision, cannot leave French territory, and has to report twice weekly to a police station, prosecutors said Tuesday. The 39-year-old Russian-born billionaire has been accused of failing to mitigate the misuse of his social media and messaging platform for criminal activities.

Persons: Pavel Durov, Albert Gea, Durov Organizations: Mobile, REUTERS, Paris Prosecutors, Office, CNBC Locations: Barcelona, Spain, Paris, Russian

☆ Hosts have ruined Airbnb with excessive fees, high demands, and bad customer service, travel experts say
▼ + stars: | 2024-08-26 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +9 min

One host previously told BI he was charging $400. Travel experts say hosts have a lot to answer for in Airbnb's downfall. "Airbnb essentially allows anyone to sign up to be a host, which will always prove to be problematic," she told BI. Duncan Greenfield-Turk, the chief travel designer at Global Travel Moments, told BI that hosts had "without a doubt" played a big part in Airbnb's unpopularity. Hotels are making the most of the backlash by offering more personalized services and often matching or undercutting Airbnb prices.

Persons: —, Michael Rozenblit, Maggie, Rozenblit, Airbnb, overtourism, it's, Grace Moser, Moser, Jessica Dante, Dante, Orleans Airbnb, Taylor, Duncan Greenfield, Greenfield, Turk Organizations: Service, Business, Travelers, Love, Turk Locations: Barcelona, Athens, London, Orleans, Greenfield, Airbnb

☆ Palo Alto Networks bet big on bundling. Investors want more proof that it's working
▼ + stars: | 2024-08-16 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

In addition to the headline numbers, here are three other factors to keep in mind when Palo Alto reports after Monday's market close. Palo Alto cut its 2024 full-year guidance for revenue and billings during quarterly results in February because of its pivot to "platformization," or bundling its products and services. Shares of Palo Alto nosedived 28% in the session following the Feb. 20 release. PANW YTD mountain Palo Alto Networks (PANW) year-to-date performance 2. As for other competitors, the case for companies to give Palo Alto their business just keeps getting stronger.

Persons: Jeff Marks, Palo, Nikesh Arora, it's, Jim Cramer, Wells Fargo, Evercore, CrowdStrike, Arora, we've, Jim Cramer's, Jim, Chris Jung Organizations: Palo Alto Networks, Wall, Palo Alto, Palo, billings, Palo Alto nosedived, Barclays, Alto, Investors, CNBC, Mobile, Congress, Fira, Barcelona, Getty Locations: Palo Alto, Palo, billings, Barcelona, Spain

☆ Geyse: Manchester United women’s player subjected to homophobic abuse online
▼ + stars: | 2024-08-14 | by ( Ben Church | ) edition.cnn.com time to read: +1 min

CNN —Manchester United and Brazil soccer player Geyse said she will “fight hate with love” after being targeted by homophobic abuse online. Geyse joined Manchester United from Barcelona in 2023, after the forward represented Brazil at the Women’s World Cup earlier that year. She was the part of the Manchester United team that won last season’s FA Cup final. Her X post received multiple messages of support; Rainbow Devils, Manchester United’s LGBTQ+ supporters club, said it stood in solidarity with Geyse and her partner. “There is no room for homophobia in our sport,” it wrote on X.CNN has reached out to Manchester United for comment but did not receive an immediate reply.

Persons: Geyse, ” Organizations: CNN, Manchester United, Twitter, ” CNN, Devils, Manchester Locations: Brazil, Barcelona

☆ I've lived in Catalonia for 8 years. There are 5 things tourists should know before traveling to this part of Spain.
▼ + stars: | 2024-08-14 | by ( Nicola Prentis | ) www.businessinsider.com time to read: +6 min

Read previewIf your idea of Spain is eating paella, dancing flamenco, and improving your Spanish, Catalonia might surprise you. The main language in Catalonia is CatalanAlthough Spanish is the most common language and almost everyone is bilingual, Catalan is the main language outside Barcelona. Catalan paella is different from what you find in the rest of the country. Catalan paella is dark brown in color, much more seafood heavy, and never contains vegetables. You'll want to branch out into Catalan winesMany people think of rioja when they think of Spanish wine.

Persons: —, we'd, you'd, Nicola Prentis, There's, paella, Rice, sommelier, Champagne ., it's, Caga, haven't, It's Organizations: Service, Business, Catalans, La, UNESCO Intangible Cultural Heritage Locations: Spain, Catalonia, Barcelona, Madrid, Girona, Catalan, Spanish, Valencia, mayo, Cava, rioja, La Rioja, Priorat, Tarragona, Champagne

☆ I took my girlfriend on a 10-day multi-city trip for our first vacation together. The risky choice paid off.
▼ + stars: | 2024-08-13 | by ( Adam England | ) www.businessinsider.com time to read: +4 min

After dating for a few months, I planned our first official couple trip: a 10-day multi-city vacation in Spain. Fortunately, our trip went better than I could've ever imagined. I planned the vacation as a birthday gift, though we were both apprehensiveMy girlfriend and I went on a lengthy trip for our first vacation together. Our Spain trip ended up being the first of multiple vacations togetherWe had a great time in Spain. Of course, a first vacation as long and intense as this one might not be the best choice for every new couple.

Persons: —, we'd, We'd, Adam England, There's, Pol Albarrán Organizations: Service, Business Locations: Spain, Paris, Venice, Spanish, Málaga, Barcelona, Sofia, Bulgarian

☆ 1st Pakistani individual gold medalist, whose village helped fund his Olympic path, returns home a hero
▼ + stars: | 2024-08-12 | by ( Kimmy Yam | Kimmy Yam Is A Reporter For Nbc Asian America. | ) www.nbcnews.com time to read: +5 min

After Pakistani javelin athlete Arshad Nadeem hurtled his way into the Olympic history books, his country threw him welcome celebrations fit for a king. Arshad Nadeem, 27, took the top spot in javelin last week in the Paris Games, becoming the first Pakistani to win an individual gold medal in the country’s history. Arshad Nadeem outside his village in Mian Channu, Pakistan, on Aug. 11. Arshad Nadeem of Pakistan during the men's javelin throw final at the Paris 2024 Olympics, on Aug. 8. “We developed our own weight training apparatus by using iron rods, canisters of oil and concrete.”Gold medalist Arshad Nadeem of Pakistan during the victory ceremony.

Persons: Arshad Nadeem hurtled, Arshad Nadeem, Asim Tanveer, Nadeem, Mian Channu, ”, Neeraj Chopra, Arshad Nadeem of, Matthias Schrader, Salman Iqbal Butt, Ali Sher Bajwa, ” Nadeem, Arshad, Muhammad Ashraf, “, Shahid Nadeem, Kirill Kudryavtsev, Chopra, ” Chopra, “ Arshad, that’s, “ I’ve, Imran Khan, “ Neeraj, Al Organizations: Paris Games, Express Tribune, Olympics, Barcelona Games, Times, Reuters, Getty, Economic Times, Al, Indian Express Locations: Lahore, Mian Channu, Pakistan, Mian, Los Angeles, Arshad Nadeem of Pakistan, Times of India, AFP, India

☆ U.S. and China fight to 40-40 draw for most Olympic gold medals
▼ + stars: | 2024-08-12 | by ( David K. Li | Sean Nevin | ) www.cnbc.com time to read: +4 min

Cameron Spencer | Getty ImagesThe U.S. and China each won 40 gold medals in the first Summer Games draw in Olympic history, with the Americans pulling into a tie Sunday with victory in the last event, women's basketball. China's Li Wenwen won gold in women's heavyweight weightlifting in what could have been a death knell for American hopes to capture overall gold. U.S. hopes were dimmed further when Chicago native Kennedy Blades, who made a surprising run to the gold medal wrestling match, lost to 76-kg rival Yuka Kagami of Japan. Gold medalist Simone Biles of Team USA poses during the artistic gymnastics women's all-around final medal ceremony on Aug. 1. Patrick Smith | Getty Images Sport | Getty Images

Persons: Cameron Spencer, China's Li Wenwen, Yuka Kagami, Jennifer Valente, Noah Lyles, Breanna Stewart, Cheryl Reeve wryly, hasn't, Simone Biles, Tom Weller, voigt, Anastasiia Kirpichnikova, Katie Ledecky, Isabel Gose, Quinn Rooney, Lee Kiefer, Lauren Scruggs, Eleanor Harvey of Canada, Patrick Smith Organizations: Eiffel, Rings, Olympic Games, Getty, U.S, France, China, Chicago, Kennedy Blades, Team USA, USA, WNBA, didn't, Summer, " Unified, Soviet, Games Locations: Paris, France, China, U.S, Japan, Italy, San Diego, Beijing, Norway, Germany, Soviet Union, Barcelona, Tokyo, Rio, London

☆ The Paris Olympics wanted a fast track and it got one – this is how it was made
▼ + stars: | 2024-08-12 | by ( Liam Tharme | ) www.nytimes.com time to read: +13 min

There were two requirements for the Stade de France track for the 2024 Paris Olympics: make it purple and make it fast. But Paris was fast: seven Olympic records and three track and field world records were set at the Games. Thirteen men ran under Kenenisa Bekele’s 10,000m Olympic record (Michael Steele/Getty Images)Four men broke Jakob Ingebrigtsen’s 1500m Olympic record from Tokyo, including Ingebrigtsen, only for him to not medal. Washing the Olympic track in Tokyo in 2021 (Antonin Thullier/AFP via Getty Images)One myth Stroppiana is keen to bust is track hardness. And since then we haven’t been able to change that point of view.”How hard is the Paris track?

Persons: Joshua Cheptegei 10000m, Cole, Arshad Nadeem Javelin, Sydney McLaughlin, Marileidy Paulino, Uganda’s Joshua Cheptegei, Michael Steele, Jakob Ingebrigtsen’s, Noah Lyles ’, Richard Heathcote, Maurizio Stroppiana, Mondo, ”, Stroppiana, Antonin Thullier, “, haven’t, Patrick Smith, ’, Denis, Pakistan’s Arshad Nadeem, Nathan Laine Organizations: Stade de France, Joshua Cheptegei 10000m Uganda, Bahrain, Dominican, Kenya, Kipyegon, Getty, Mexico City, Paris, Getty Images, University of Milan, Olympic, Stade, Adidas, Nike, Asics, Puma, Bloomberg Locations: Rio de Janeiro, Paris, London, Rio, Tokyo, Sweden, Seville, Italian, Moscow, Mexico, Barcelona, Mexico City, AFP, Atlanta, Los Angeles, USA, Brisbane, Australia, Before Tokyo

PARIS — The United States and China each won 40 gold medals, in the first Summer Games draw in Olympics history, with America pulling into a tie Sunday with victory in the last event, women’s basketball. But then San Diego native and decorated cyclist Jennifer Valente bailed out the United States by defending her gold in the women’s omnium. Gold medalist Noah Lyles of Team United States celebrates on the podium during the Men's 100m medal ceremony at the Olympics in Paris, on Aug. 5, 2024. The United States still came out with the most overall medals, taking home 126 from Paris 2024. The United States hasn’t failed at winning the most medals since 1992 when the “Unified Team,” athletes from the former Soviet Union republics, won 112 medals, 45 gold.

Persons: China’s Li Wenwen, could’ve, Yuka Kagami, Jennifer Valente, Noah Lyles, Cameron Spencer, United States hasn’t, Simone Biles, Jamie Squire, France's Anastasiia, Katie Ledecky, Germany's Isabel Gose, Jonathan Nackstrand, Frenchman Leon Marchand, Summer McIntosh, Lee Kiefer of, Lauren Scruggs, Eleanor Harvey, Patrick Smith, David K, Li, Sean Nevin Organizations: PARIS, America, France, Chicago, Kennedy Blades, Team United, States didn't, United, “ Unified, Soviet, Olympic Games, Bercy Arena, Getty, Paris La Defense, Lee Kiefer of Team United States, Team United States, Team Canada, Grand Palais Locations: United States, China, Japan, Italy, San Diego, Paris, U.S, States, Beijing, Norway, Germany, Soviet Union, Barcelona, Tokyo, Rio, London, Nanterre, AFP, Grand, France, Israel, Ecuador, Kyrgyzstan, Republic of Moldova, Soviet Republic

☆ Europe inflation may spike on Olympics and Taylor Swift, but UBS says it won't hit locals' wallets
▼ + stars: | 2024-08-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +7 min

Kevin Voigt | Getty Images Sport | Getty ImagesThe Olympic Games are causing a surge in prices, but French consumers aren't likely to feel its pinch. "The Olympic Games or a Taylor Swift concert create a sudden demand shock," wrote Paul Donovan, chief economist at UBS Global Wealth Management, in a recent analyst note. But in the days after the closing ceremony, Paris hotel bookings are projected to drop from a year ago. Tourists pass near a banner with the Paris 2024 logo before the start of the Paris 2024 Olympic and Paralympic Games on June 17, 2024 in Paris, France. Paris 2024 may generate as much as $12 billion, or 11.1 billion euros, in long-term economic impact, a recent study from the Centre for Law and Economics of Sport estimated.

Persons: Kevin Voigt, Taylor, Paul Donovan, Taylor Swift, Kevin Mazur, Swift, Donovan, Matthias Hangst, it's, ove Organizations: Eiffel, Getty, UBS, UBS Global Wealth Management, Wembley, Olympics, City of Light, Games, CNBC, —, Olympic, Paralympic Games, Paralympics, Paris, Chesnot, Visa, Paris Olympics, Centre for Law, Sport, Olympic Committee Locations: Paris, France, London, City, Greater Paris, U.S, Triomphe, cardholders, Barcelona

☆ These cities will be too hot for the Olympics by 2050
▼ + stars: | 2024-08-11 | by ( Lou Robinson | Angela Dewan | ) edition.cnn.com time to read: +8 min

The only certainty about Summer Olympics weather is that there’s really no certainty at all. In other words, holding the Summer Games in these cities would be a huge health risk for the athletes. The Games held in 1996 in Atlanta simply wouldn’t be possible in 2050. They may not againSome of the cities that have already hosted the Summer Games will be way beyond safe temperatures by 2050. Beijing, which hosted in 2008, would be much too hot and humid, with heat stress forecast to soar past 90 degrees.

Persons: CarbonPlan, Spain’s, Oriana Chegwidden, ”, It’s, —, exertional, Yuri Hosokawa, Exertional heatstroke, they’re, ” Hosokawa, Hosokawa, “ Organizations: CNN, Olympics, Brisbane, Doha, Southern, Waseda University Locations: CarbonPlan, Gulf of Mexico, Florida, Texas, Atlanta, China, Beijing, Shanghai, Hong Kong, Southeast Asia, Sydney, di Janeiro, Europe —, London, Oslo, Stockholm, Palermo, Sicily, Spain’s Seville, Los Angeles, Australian, Queensland, Brisbane, India, Ahmedabad, Indonesia, Nusantara, Qatar, Turkey, Istanbul, Poland, Chile, Warsaw, Santiago, Doha, Athens, Rome, Tokyo, Seoul, Barcelona, Australia, Rio de Janeiro, Sapporo, Japan

☆ A crypto data leak led the FBI to America's most wanted sex trafficking fugitive. Now, the victims want his bitcoins.
▼ + stars: | 2024-08-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +16 min

Four bitcoin wallets that led to sex-trafficking fugitive Michael Pratt's capture are seen in the bottom left corner. AdvertisementFrom Michael Pratt's 2019 criminal complaint. Federal prosecutors say Pratt increased traffic by forwarding each victim's video link to her school, work, family, and social connections. Michael Pratt's Swiss ID and Barcelona Mailboxes Etc. AdvertisementThese days, DeBarber runs the Baltimore-based Phoenix AI cybersecurity firm with cofounder Justine Li, a Girls Do Porn victim and plaintiff.

Persons: —, Michael James Pratt —, Pratt, Michael Pratt's, Michael Pratt, it's, Charles DeBarber, ike, ake, ould, ong, hough, erving, J ames, rove, ratt, ong K ong, egan, ove, arlene, lew, anni, rooke,, rian H olm,, wiss Organizations: Service, Spanish, Business, Spain's Policia Nacional, Policia Nacional, ust Locations: New Zealander, Madrid, Southern California, Spain, bitcoin, omiting,, ife, ictim

☆ Barcelona is banning Airbnbs. Other European cities have cracked down already — with some success.
▼ + stars: | 2024-08-11 | by ( Eliza Relman | Dan Latu | ) www.businessinsider.com time to read: +8 min

Many experts say short-term rentals, including Airbnbs, are part of the problem, restricting local housing supply and driving up prices. We took a look at three European hubs — Lisbon, Florence, and Amsterdam — that have imposed relatively strict regulations on short-term rentals. Cities have been worried about the impact of short-term rentals on housing costs for years. Instead of a blanket ban, Amsterdam caps the number of nights hosts can rent out their homes at 30 a year. In an increasingly tight housing market, the dominance of short-term rentals acts as an "amplifier," he said.

Persons: —, Airbnb, Lisbon's, João Pereira dos Santos, Pereira dos Santos, Gregory W, Fuller, Florence, Florence's, Dario Nardella, Antonello Romano, Romano Organizations: Service, Business, New York, School of Economics, Finance, Queen Mary University of London, University of Groningen, Wall Street, University of Pisa Locations: Barcelona, Barcelona's, Spanish, New York, Tokyo, Vancouver, London, Paris, — Lisbon, Florence, Amsterdam, Lisbon, New York City, EU, Portugal, Netherlands, Venice

☆ Team USA holds off France for the women’s basketball gold in a game that was decided by inches
▼ + stars: | 2024-08-11 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +6 min

Paris CNN —Team USA’s women’s basketball team only just held off France to win the gold medal on Sunday, escaping with a 67-66 win that was just inches away from being sent into overtime. Team USA takes home its eighth straight gold medal in Olympic women’s basketball. But the stars on Team USA fought back to level the game heading into halftime. But when Team USA wanted to get going, it could. The French fans celebrated – but then the Team USA bench began to jump and hug.

Persons: USA’s, France’s, Gabby Williams, Williams, Emmanuel Macron, Kelsey Plum, A’ja Wilson, Plum, Wilson, USA’s sloppiness, Breanna Stewart, Fauthoux, Johannes, Cooper Organizations: Paris CNN —, Team USA, Bercy Arena, USA, France, Las Vegas Aces, WNBA Locations: France, USA, Barcelona

☆ 21-year-old left the U.S. for Australia on a working holiday visa—why she says her life is better now
▼ + stars: | 2024-08-10 | by ( Celia Fernandez | ) www.cnbc.com time to read: +7 min

Bella Robben has been living in Australia for almost a year. Bella RobbenRobben's original plan was to visit Australia for just one week, but right before the trip she decided to apply for the country's working holiday visa. Bella RobbenIn Australia, Robben says she is able to earn enough to have a life and to save. Now, approaching one year in Australia, Robben says she isn't the same person she was when she first arrived in the country. Bella Robben

Persons: Bella Robben, Robben, Louis, I've, Bella Robben Robben, Port Douglas, that's, it's, she's, I'm Organizations: CNBC, Tourism Board, Student Locations: Australia, St, Louis , Missouri, Peru, Colombia, Europe, Barcelona, London, Lisbon, Melbourne, U.S, Australia's Northern Territory, Robben, Port, Australian, Queensland, Far North Queensland, America, Southeast Asia

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