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☆ BNP says tough economy could spur opportunities for bolt-on deals
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

PARIS, Oct 26 (Reuters) - Slower economic growth in 2024 could create more opportunities for bolt-on acquisitions, BNP Paribas (BNPP.PA) Chief Financial Officer Lars Machenil said on Thursday. "If the (economic) growth is a bit more timid, which is probably what we're going to see next year, then that fuelling of additional growth - natural, organic - will be a tad slower," Machenil said. Machenil didn't elaborate on the nature of the potential bolt-on acquisitions. "Depending on how the next year will unfold, yes (there) might (be a) shift a bit towards bolting on," he said. Reporting by Mathieu Rosemain Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Lars Machenil, Machenil, Mathieu Rosemain, Mark Potter Organizations: BNP, Deutsche, ABN Amro, Bank of, Thomson Locations: Bank

☆ Amazon stock swings after a great quarter underscore our golden rule during earnings season
▼ + stars: | 2023-10-26 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Operating income increased over 340% to $11.12 billion, significantly exceeding forecasts of $7.7 billion, according to FactSet, and above the high-end of management's guidance. As a result, the operating income estimate is a more telling metric on how Amazon fared relative to Wall Street's expectations — and make no mistake, it was strong. In the Companywide part of the table, the cost of sales line-item came in above expectations at $75 billion. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Andy Jassy, Jassy, that's, it's, Jim Cramer's, Jim Cramer, Jim, Omar Marques Organizations: Amazon, Services, Revenue, LSEG, Rivian Automotive, Management, North, CNBC, Lightrocket, Getty

☆ New-look Unilever retains its old-style opacity
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +2 min

Unilever logo is displayed on Dove soap boxes in this illustration taken on January 17, 2022. Back in 2017 Unilever fought off a Kraft Heinz (KHC.O) takeover approach by pledging a 20% operating margin; now there just isn’t a target. But it leaves a question mark over Unilever’s long-term direction. And it might leave long-term critics like fund manager Terry Smith still griping about opacity. In January Smith complained that Unilever had revealed the price tag on only three of 27 acquisitions in its Beauty and Wellbeing division over eight years.

Persons: Dado Ruvic, Hein Schumacher’s, Kraft Heinz, Alan Jope, Terry Smith, Smith, Schumacher, George Hay, Peter Thal Larsen, Oliver Taslic Organizations: Unilever, REUTERS, Reuters, Kraft, X, Thomson

☆ Self-made millionaire: The ‘most successful people’ practice this skill—it requires ‘defiance’ and ‘belligerence’
▼ + stars: | 2023-10-19 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Matt Higgins went from living in "abject poverty" to running boardrooms, he says. The experience taught the self-made millionaire that successful people have one thing in common. People who get ahead are comfortable with the concept of change, Higgins said at a CNBC Make It: Your Money virtual event on Tuesday. That self-awareness can inform when to stay loyal to your ideas and when to change course, Higgins told Make It in an email. "To be successful in life ... you have to carry a little bit of defiance, a tad bit of belligerence" until people eventually come around, Higgins said on Tuesday.

Persons: Matt Higgins, Higgins Organizations: CNBC, RSE Ventures

Learn moreSamsung's new S90C 4K OLED TV sits a step below the company's latest flagship model, and is designed to take on other value-forward OLEDs like LG's C3. Samsung S90C 65-inch 4K OLED TV The S90C is the successor to our favorite TV of 2022, the Samsung S95B. As for other home theater features, you'll get just about everything you'll need, with the exception of Dolby Vision. Ryan Waniata/InsiderDefinitely, Samsung's S90C is one of the best OLED TVs we've seen. And if you're still looking for more TV recommendations, check out our guides to the best 4K TV and best 65-inch TV.

Persons: you've, Ryan Waniata, brawn, priciest, it's, You'll, It's, Bixby, we've, we'd, you'll, OLED there's Organizations: Samsung, LG, Sony, Samsung's, Gaming, Nvidia, Dolby Vision, Vision, Dolby, Netflix, Disney, HDMI, Smart

Virginie Viard’s spring collection emerged as a sun-drenched ode to liberty and movement, inspired directly from the villa’s gardens. This was Viard's Chanel: clothes that seemed relaxed and with nothing to prove. Viard’s Chanel feels less about dazzling the onlooker and more about connecting with her. While Lagerfeld’s Chanel was an aspiration, Viard’s is becoming a reflection. Last month, Cruz alongside her sister, Mónica Cruz, unveiled a fashion collection on Instagram, hinting at her deep-seated respect for the craft.

Persons: Noailles, Man Ray, Dali —, Karl Lagerfeld —, Virginie Viard’s, Gigi Hadid, Penélope Cruz, VIARD, CHANEL, ” Viard, chicness —, Viard's, impeccably, Chanel, Viard’s Chanel, Lagerfeld’s Chanel, Chanel relatable, she’s, CRUZ, poignantly, “, ” Cruz, Cruz, ”, Mónica Cruz, “ I’ve Organizations: PARIS, Associated Press Locations: Paris, France, Manton, Manila, Manton di Manila, Chanel

A customer hands Indian currency notes to an attendant at a fuel station in Mumbai, India, August 13, 2018. REUTERS/Francis Mascarenhas Acquire Licensing RightsMUMBAI, Sept 20 (Reuters) - The Indian rupee, hovering near a record low, is expected to remain under pressure amid focus on crude oil prices and the U.S. Federal Reserve's policy decision. Non-deliverable forwards (NDF) indicate rupee will open at around 83.25-83.29 to the U.S. dollar compared with 83.2675 in the previous session. The Fed on Wednesday is widely expected to keep the policy rate unchanged with futures assigning a near zero percent probability of a rate hike. "We expect the 2023 median policy rate forecast to show one more 25bps hike, for a terminal rate of 5.5-5.75%," BofA Global Research said in a note.

Persons: Francis Mascarenhas, Brent, Nimesh Vora, Mrigank Organizations: REUTERS, Rights, U.S, Reserve Bank of, Fed, Research, Brent, Thomson Locations: Mumbai, India, Rights MUMBAI, U.S . Federal, Reserve Bank of India, Asia

The benchmark 10-year Treasury yield hit 4.399% overnight in Asia, its highest rate since early November 2007, and the two-year yield rose further above 5%. MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.27%, while the pan-European STOXX 600 index (.STOXX) lost 1.05%, hit by lowered growth outlooks. CENTRAL BANKSGlobal central banks take stage, with five of those overseeing the 10 most-heavily traded currencies holding rate-setting meetings this week. A swathe of emerging market central banks including Turkey and South Africa will also meet. The Swedish crown sank to a record low against the euro on Monday, days before the Riksbank is expected to raise interest rates again.

Persons: Brendan McDermid, BOE, Brent, Marc Chandler, Chandler, Saira Malik, France's, Stocks, Xi, Kazuo Ueda, Herbert Lash, Nell Mackenzie, Dhara, Stella Qiu, Philippa Fletcher, Alexander Smith, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Treasury, Global, Federal, United Auto Workers, Detroit Three, Bannockburn Global, U.S, Societe Generale, Dow Jones, Nasdaq, China Evergrande, HK, CENTRAL, Bank of England, Bank of Japan, European Central Bank, Thomson Locations: New York City, U.S, China, Bannockburn, New York, Asia, Turkey, South Africa, Swedish, London, Sydney

China property woes, geopolitical tensions and ongoing strikes also stoked worries about global growth. CENTRAL BANKSGlobal central banks take centre stage, with five of those overseeing the 10 most heavily traded currencies holding rate-setting meetings this week. A swathe of emerging market central banks such as Turkey and South Africa will also meet. In currency markets, the dollar drifted lower with the dollar index last down a touch at 105.24 but within sight of recent six-month highs. The euro gained about 0.1% to $1.0663, after slumping to a 3-1/2 month low of $1.0632 last week as the European Central Bank signalled its rate hikes could be over.

Persons: BOE, BOJ, France's, Taiwan's TSMC, Xi, James Rossiter, Rossiter, Marc Chandler, Goldman Sachs, Kazuo Ueda, Nell Mackenzie, Stella Qiu, Dhara, Philippa Fletcher, Alexander Smith Organizations: REUTERS, Staff, Societe Generale, China Evergrande, HK, Technology, Reuters, TD Securities, Japan's Nikkei, Brent, . West Texas, Federal Reserve, Bannockburn Global, CENTRAL, Global, Fed, Bank of England, Bank of Japan, Treasury, European Central Bank, Thomson Locations: Frankfurt, Germany, China, United States, Japan, Scandinavia, Switzerland, Britain, Asia, U.S, London, Bannockburn, Turkey, South Africa, Europe, SYDNEY

☆ Japan's yen takes the spotlight in central bank week
▼ + stars: | 2023-09-18 | by ( Vidya Ranganathan | ) www.reuters.com time to read: +4 min

The Bank of Japan's policy meeting on Friday is the highlight of the week in Asia, after Governor Kazuo Ueda stoked speculation of an imminent move away from ultra-loose policy. The yen was flat versus the greenback between 147.63 and 147.88 per dollar, with markets in Japan closed for a national holiday. "Anticipation of new BOJ rate guidance could support the yen into the meeting date, with the FOMC meeting also contributing to volatility this week," Chang said. The European Central Bank raised interest rates to 4% last week but said this hike could be its last. Futures are pricing in almost no chance that the Fed raises interest rates at the end of its two-day meeting next Wednesday.

Persons: Yen, Dado Ruvic, Kazuo Ueda, That's, Carol Kong, Kong, Ueda, Wei, Liang Chang, Chang, Sterling, Lincoln Organizations: REUTERS, Rights, U.S, The, of, U.S . Federal, Bank of, Commonwealth Bank of Australia, DBS Bank, European Central Bank, Japan, . U.S, Treasury, The Bank of England, Brent, Saudi, Global, Thomson Locations: Rights SINGAPORE, Asia, Bank of England, Japan, ., U.S, Ukraine

☆ Japan's yen in spotlight ahead of 'live' BOJ meeting
▼ + stars: | 2023-09-18 | by ( ) www.cnbc.com time to read: +3 min

In a week packed with central bank meetings, decisions are also due from the U.S. Federal Reserve on Wednesday and Bank of England on Thursday. The yen was flat versus the greenback at 147.82 per dollar with markets in Japan closed for a national holiday. Carol Kong, economist and currency strategist at Commonwealth Bank of Australia, said she expects the yen to be volatile leading up to the policy meeting. "So that means dollar yen can track higher, particularly if Governor Ueda sounds dovish and dashes hopes of policy tightening at the upcoming meeting," she said. The European Central Bank raised interest rates to 4% last week but said this hike could be its last.

Persons: Kazuo Ueda, Carol Kong, Kong, Ueda, Sterling Organizations: U.S ., The, of, U.S . Federal Reserve, Bank of England, Commonwealth Bank of Australia, European Central Bank, Japan, . U.S, Treasury, Deutsche Bank Research, Brent, Saudi Locations: Asia, Japan, ., U.S, Ukraine

☆ Luis Rubiales: what to expect as court case begins over Jenni Hermoso kiss
▼ + stars: | 2023-09-15 | by ( Emma Pinedo | ) www.reuters.com time to read: +3 min

Hermoso says that she did not want to be kissed and that she felt "vulnerable and victim of an aggression". After weeks of resisting calls to step down as president of the Royal Spanish Football Federation (RFEF), Rubiales finally quit on Sept. 10. He maintains the Hermoso kiss was "spontaneous, mutual, euphoric and consensual". SPANISH CRIMINAL PROCEEDINGSRubiales appeared before a High Court judge on Friday over a complaint of sexual assault and coercion stemming from the allegedly unsolicited kiss. Rubiales had been provisionally suspended for three months from all football-related activities by world soccer governing body FIFA since Aug. 26.

Persons: Royal Spanish Football Federation Luis Rubiales, Kim Hong, Luis Rubiales, Jenni Hermoso's, Hermoso, Rubiales, Marta Durantez Gil, Francisco de Jorge, TAD, Queen Letizia, Sofia, Emma Pinedo, Rohith Nair, Andrei Khalip, Hugh Lawson Organizations: Soccer Football, FIFA World, Qatar, Khalifa, Royal Spanish Football Federation, REUTERS, Rights, FIFA, Administrative, Sports Council, Spain's women's, Thomson Locations: Japan, Spain, Doha, Qatar, Rights MADRID, Spanish, Hermoso, Bangalore

☆ Stock Market Today: Dow Closes More Than 300 Points Higher; Arm IPO in Focus
▼ + stars: | 2023-09-14 | by ( ) www.wsj.com time to read: +1 min

Stocks finished Thursday higher, with the Dow rising more than 300 points, after investors shrugged off a slate of hot economic data. Thursday's producer inflation and retail sales reports —along with the CPI yesterday—showed gas prices are driving much of the latest inflationary pulses. The S&P 500, Dow industrials and tech-heavy Nasdaq Composite all rose after a modest performance Wednesday. Bond yields rose as prices fell, pricing in a tad of the hotter-than-expected economic data. Eurozone bond yields and the euro currency fell after the ECB raised rates.

Persons: Stocks, shrugged, Dow Organizations: Dow, CPI, Federal, Overseas, European Central Bank, Officials, Nasdaq, Brent, International Energy Agency, Cruise Lines, ECB Locations: British

☆ Two under-the-radar ways bosses are tracking how full their offices are
▼ + stars: | 2023-09-11 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Employers have unique ways of telling how full their offices are. There's more interest now that more bosses are calling their workers back to the office. What the office water cooler actually revealsThere are other ways that measuring office occupancy can help understand employee habits. In 2019, 21% of flavored-water hounds in East Coast offices were using Bevi machines early or late in the day. The difference between RTO mandates and knowing how office space is being usedThese metrics aren't the same as tracking badge swipes .

Persons: Alex Birch, Kathleen Hall, Birch, Big, It's, Sean Grundy, Bevi, they're, Grundy, —, Goldman Sachs, I'd Organizations: Service, Google, Citadel, Deloitte Locations: Wall, Silicon, Australian, East Coast, Boston

☆ From body sensors to water coolers, here's how companies are watching how full their offices are
▼ + stars: | 2023-09-11 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Some employers are turning to sensors that can tell when a person is sitting at a desk or using a conference room. So if you have sensors, you're able to release the no-shows and put those back into the pool," he said. What the office water cooler actually revealsThere are other ways that measuring office occupancy can help understand employee habits. In 2019, 21% of flavored-water hounds in East Coast offices were using Bevi machines early or late in the day. This year as more companies have been instituting RTO mandates, getting workers back to the office — and knowing they're there — has been a heated fight .

☆ Country Garden just dodged a default but China's property-debt distress continues
▼ + stars: | 2023-09-09 | by ( Joseph Wilkins | ) www.businessinsider.com time to read: +3 min

Leading Chinese developer Country Garden avoided a debt-default last week with an 11th-hour coupon payment. But this may have provided only a temporary relief for the Asian nation's ailing property sector. Country Garden Holdings managed to pay interest totaling $22.5 million last Monday, which offered a temporary reprieve to the embattled industry. His firm holds some Country Garden bonds. The market for Chinese developers' dollar-denominated bonds has lost a staggering 87% of value over the past two years.

Persons: Edward Al, Columbia Threadneedle, Debtwire, Chaim Estulin, Lehman Organizations: Country, Service, Garden Holdings, Investment, Bloomberg, Columbia, Reuters Locations: Wall, Silicon, Beijing, China

CNN —Players competing in the top-tier of women’s football in Spain will go on strike for the opening two weeks of the new season after a pay dispute, players’ union FUTPRO announced on Thursday. The dispute between the five unions representing the players – including many of Spain’s World Cup-winning squad – and Liga F primarily came about because of a disagreement in the minimum salary for players and the wage gap which exists. The new Liga F season was scheduled to kick off this weekend, with the first game meant to be held on Friday night with Sevilla hosting UD Granadilla Tenerife. FIFA, soccer’s global governing body, suspended Rubiales for 90 days while disciplinary proceedings are underway. He was replaced by Montse Tomé, the first woman in Spanish national team history to hold the position.

Persons: FUTPRO, ”, ” FUTPRO, “, Luis Rubiales, La Roja, Jennifer Hermoso, Hermoso, Rubiales, TAD, Jorge Vilda, Montse Tomé Organizations: CNN — Players, –, Liga F, Liga, CPI, ” Liga, ”, Sevilla, UD Granadilla Tenerife, Rubiales, Royal Spanish Football Federation, Spanish, FIFA, women’s Locations: Spain, Rubiales, Spanish

CNN —Spanish star player Jennifer Hermoso has filed an official complaint with prosecutors against the president of the country’s soccer federation, Luis Rubiales, over an unwanted kiss after the Women’s World Cup final. The complaint was filed on Tuesday, a spokesperson for the Spanish prosecutor’s office told CNN. Rubiales has apologized and described the kiss after the Spanish national team’s victory at the World Cup final on August 20 as “mutual” – a claim Hermoso denied, saying she was not respected. The unwanted kiss has prompted a major shake-up in Spanish soccer, with the government pushing for Rubiales to resign and RFEF removing Jorge Vilda from his role as coach of the women’s national team. He was replaced by Montse Tomé, the first woman in Spanish national team history to hold the position.

Persons: Jennifer Hermoso, Luis Rubiales, ”, Rubiales, Hermoso, TAD, Jorge Vilda, Montse Tomé, ‘, “, Pedro Rocha, Vilda, Tomé, Rocha, Víctor, –, Verónica Boquete, ” Boquete Organizations: CNN, Spanish, Royal Spanish Football Federation, FIFA, women’s, Interim, High Council of Sport, Nations League, Sweden, Cadena COPE Locations: Spanish, Rubiales, Spain, RFEF

☆ Here's our second-quarter earnings report card for 34 stocks in the portfolio
▼ + stars: | 2023-09-06 | by ( Zev Fima | ) www.cnbc.com time to read: +15 min

Eli Lilly not only reported a stellar second quarter, management was able to raise its full-year sales and adjusted earnings outlook as well. Though revenues were a tad short, earnings results were better than expected on a both a HAAP and adjusted basis. Constellation Brands' (STZ) sales and earnings results outpaced expectations. DuPont (DD) reported a good quarter prior to us initiating a position in the name. But the slight comparable-sales miss in North America prompted questions about the company's ability to hit its long-term targets of 10% to 12% revenue growth and 15% to 20% earnings growth.

Persons: That's, Eli Lilly, Mounjaro, Morgan Stanley, Stanley Black, Decker, it's, Wells Fargo, Sartorius, Estee Lauder, We're, Jim Cramer's, Jim Cramer, Jim, Hsun Huang, Patrick T Organizations: Procter, Gamble, TJX, Federal Reserve, Club, Costco, Emerson Electric, Humana, Oracle, Alto Networks, billings, Companies, Wynn Resorts, WYNN, North, Broadcom, Constellation Brands, DuPont, Ford, GE Healthcare Technologies, Linde, LIN, Microsoft, Natural Resources, Procter & Gamble, —, Health, Coterra Energy, Disney, Starbucks, Jim Cramer's Charitable, CNBC, Nvidia Corp, Mobile, Fallon, Bloomberg, Getty Locations: China, Macau, North American, DuPont's, India, North America, Los Angeles , California

☆ At Telluride, the Performances Speak Volumes Even if the Actors Can’t
▼ + stars: | 2023-09-05 | by ( Lisa Kennedy | ) www.nytimes.com time to read: +2 min

Over a holiday weekend dedicated to labor, this year’s Telluride Film Festival attendees couldn’t help being reminded of striking workers: the members of SAG-AFTRA, the television and film actors’ union currently in a standoff with the Hollywood studios. Vivid, intimate or both, the variety and quality of these performances made awards talk unavoidable. (Bill Pence and Luddy died after long illnesses in the last year.) Witness Netflix’s push on behalf of “Nyad” and “Rustin.” Together with the overlapping Venice Film Festival, it remains the gateway into awards season. In a long-ago interview, the director Mike Nichols cautioned a nascent film reviewer to not mistake the dancer for the dance.

Persons: Andrew Scott’s, Emma Stone’s, Paul Giamatti’s, ” Colman, Bayard Rustin, “ Rustin ”, García, ”, Annette Bening, Jodie Foster’s, Leonie Benesch’s, Tom Luddy, James Card, Bill, Stella Pence, Bill Pence, Luddy, “, “ Rustin, Mike Nichols Organizations: Telluride Film, SAG, Hollywood, Lucha Libre, Academy Locations: Telluride, “, Venice

☆ Spain men's team condemn Rubiales two weeks after Hermoso kiss
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

"We want to reject what we consider to be unacceptable behaviour from Mr Rubiales, who has not lived up to the institution he represents," captain Alvaro Morata said as he read out a statement on behalf of the team. "Spanish football should be a motor of respect, inspiration, inclusion and diversity and should set an example with its conduct both on and off the pitch." Spain's Sport Administrative Tribunal (TAD) on Friday opened a case against Rubiales for "serious misconduct." Rubiales' behaviour has sparked outrage in Spain and abroad. World soccer governing body FIFA has already suspended Rubiales from all football-related activities for three months while it conducts an investigation.

Persons: Royal Spanish Football Federation Luis Rubiales, Luis Rubiales, Jenni Hermoso, Mr Rubiales, Alvaro Morata, Morata, TAD, Rubiales, Letizia, Pietro Lombardi Organizations: Soccer Football, Spanish Soccer Federation, Del Futbol, Royal Spanish Football Federation, REUTERS Acquire, Rights, FIFA, Thomson Locations: Del Futbol Las, Rozas, Spain, Handout, Rights MADRID, Spanish

☆ I tried chocolate chip cookies from Crumbl and Insomnia and the winner had the best chewy texture
▼ + stars: | 2023-09-03 | by ( ) www.businessinsider.com time to read: +9 min

When it comes to chocolate chip cookies, I prefer a chewy texture and balanced sweetness. The chocolate chip cookies my mom made will always reign supreme in my mind. A growing number of bakeries are offering their own takes on the classic chocolate chip cookie. I decided to visit both chains to see how their hero chocolate chip cookies stacked up. The Insomnia chocolate chip cookie was smaller and thinner than the Crumbl cookie, and much flatter.

Persons: City, Krispy Kreme, Crumbl, Manhattan Jennifer Ortakales Dawkins, Jennifer Ortakales Dawkins, munchie Organizations: Service, New, Starbucks Locations: Wall, Silicon, chewy, New York City, Philadelphia, Canada, Manhattan, scone, Insomnia's

CNN —Spanish Prime Minister Pedro Sanchez has praised the country’s women’s soccer team – and Spanish society itself – for taking a critical stance against Luis Rubiales for his unwanted kiss of World Cup winner Jennifer Hermoso. Speaking at an event in the city of Malaga in southern Spain on Saturday, Sanchez said he did not believe the scandal had damaged the Spanish brand abroad thanks to the Spanish women’s team. Spanish Prime Minister Sanchez with the women's team during a reception at Moncloa Palace. Pablo Blazquez Dominguez/Getty Images‘Tip of the iceberg’Joining the debate was Vero Boquete, who captained Spain’s women’s national team at the 2015 Women’s World Cup. The soccer world has rallied behind Hermoso.

Persons: Pedro Sanchez, Luis Rubiales, Jennifer Hermoso, Rubiales –, –, Sanchez, “, ‘, ” Sanchez, …, Pablo Blazquez Dominguez, Vero Boquete, Spain’s, TAD, Rubiales, Sport Miquel Iceta, Hermoso, ” Hermoso, ”, Béjar Organizations: CNN, Spanish, Royal Spanish Football Federation, England, soccer team, Twitter, Moncloa, Getty, Spain’s women’s, Reuters, FIFA, of Culture, Sport, Anadolu Agency, Hermoso, Rubiales Locations: Spain, Malaga, Spain’s, Madrid

☆ Luis Rubiales: Spanish government faces setback in efforts to suspend soccer chief Rubiales after tribunal ruling
▼ + stars: | 2023-09-01 | by ( Patrick Sung | ) edition.cnn.com time to read: +2 min

CNN —The Spanish government has suffered a setback in its attempts to remove beleaguered soccer chief Luis Rubiales from his post over the unwanted kiss he gave to Spain star Jennifer Hermoso. This development comes as pressure continues to mount on Rubiales ever since he gave an unwanted kiss to Hermoso after Spain won the Women’s World Cup on August 20. Spain's Women's World Cup victory has been overshadowed by the case surrounding Luis Rubiales. Rubiales has admitted that he made a mistake kissing Hermoso but has claimed the act was consensual. Hermoso has insisted that she did not give her permission to be kissed and felt violated by Rubiales’ actions.

Persons: Luis Rubiales, Jennifer Hermoso, TAD, Rubiales, Sport Miquel Iceta, Hermoso, Spain's, Catherine Ivill, Pedro Rocha, “ Organizations: CNN, of Culture, Sport, Spain, FIFA, government’s, of Sport, country’s, United Nations Locations: Spain, Spain’s, Spanish, United, Madrid

☆ Spanish government urges soccer boss suspension after mild court ruling
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +3 min

Rubiales caused a storm when he kissed player Jenni Hermoso on the lips after Spain's victory in the women's World Cup in Sydney. He also grabbed his crotch while standing feet away from Spain's Queen Letizia and her 16-year-old daughter. World soccer governing body FIFA has already suspended Rubiales from all football-related activities for three months while it investigates, but the CSD said it would move ahead with its own case regardless. Hermoso has said she did not consent to the kiss and felt "vulnerable and the victim of an aggression". Spain's Olympic chief said on Friday Rubiales' actions were "inappropriate, unacceptable" and did not represent Spanish sport as a whole.

Persons: Pedro Sanchez, Royal Spanish Football Federation Luis Rubiales, Juan, TAD, Luis Rubiales, Rubiales, Jenni Hermoso, Letizia, Miquel Iceta, Hermoso, Luis de la Fuente, Jessica Jones, Fernado Kallas, Emma Pinedo, David Latona, Andrei Khalip, Frances Kerry, Peter Graff Organizations: Soccer Football, FIFA, Spain's, Moncloa, Royal Spanish Football Federation, Sports Council, Administrative, El Mundo, Prosecutors, Thomson Locations: New Zealand, Madrid, Spain, MADRID, Sydney

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