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☆ I gave up my dream life in Japan to move to the Netherlands — now, I couldn't be happier
▼ + stars: | 2024-07-02 | by ( Brie Schmidt | ) www.businessinsider.com time to read: +5 min

Read previewOne day in January 2022, it hit me: I had outgrown my life in Japan. My first few years in Japan were exciting and dreamy, what many would expect when they imagine living in Japan. I visited stunning shrines and temples, sipped oolong-hai cocktails with friends in izakayas, spent hours exploring the streets of Shibuya — back then, Japan felt like my playground. Of course, I'm still new to the Netherlands, and I know my feelings may change with time — as they did in Japan. For now, I've decided that living in the Netherlands is what my dream life looks like.

Persons: —, sipped, Marco Bottigelli, I'd, I've, I'm Organizations: Service, Business, Sun Locations: Japan, American, Tokyo, izakayas, Shibuya, —, Europe, Netherlands, Amsterdam, Friendship, The Netherlands

Original tickets for the Eras Tour sold out quickly, and Paramore hasn't yet announced any other concert dates for 2024. Paramore 2024 tour scheduleParamore will open for the European leg of the Taylor Swift Eras tour, with tour dates slated through August 2024 in multiple countries. How to buy tickets for Paramore 2024 concert tourParamore is opening for the European leg of the Taylor Swift Eras Tour, which has already sold out. While Taylor Swift tickets are in high demand, the European leg of her Eras tour has significantly cheaper tickets than US dates, which start at around $2,600. Paramore is only scheduled for the European dates, with Gracie Abrams listed as the opening act for Taylor's North American Eras tour dates this fall.

Persons: Paramore, Taylor, Hayley Williams, Taylor York, Zac Farro, Swift, Paramore hasn't, Gracie Abrams, Taylor Swift, hasn't Organizations: Business, Misery, Paramore Locations: Europe, U.S, Amsterdam, Netherlands, Zurich, Switzerland, Milan, Italy, Gelsenkirchen, Germany, Hamburg, Munich, Warsaw, Poland, Vienna, Austria, London, United Kingdom, Canada

☆ Boeing rival Airbus is set to launch its game-changing A321XLR plane this year. Here's where it's expected to fly.
▼ + stars: | 2024-07-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

With nothing commercial to show from Boeing, which usually has its 777X and Max test jets on display, all eyes will be on European rival Airbus. AdvertisementThe XLR plane is the longest-ranged option in the A321neo family, which has outsold Boeing's 737 since 2019, when two fatal crashes grounded the plane's Max variants. According to Airbus, the XLR is uniquely equipped for long-haul flying, thanks to an extra rear center fuel tank that helps the narrowbody fly up to 5,400 miles (11 hours) nonstop. AdvertisementThe premium seating offers lie-flat beds typical to what customers find on long-haul widebody flights, and is likely to be the norm on long-haul XLRs. "Even well-established city pairs such as London-Miami or Sydney-Kuala Lumpur will benefit from the year-round sweet spot the XLR offers airlines," Airbus marketing specialist Ludek Jando said in September 2023.

Persons: —, Taylor Rains, Max, American's, Jason Reisinger, Andrew Nocella, Willy Boulte, Barry Biffle, Ludek Jando Organizations: Service, Alaska Airlines, Max, Farnborough, Business, Boeing, Airbus, American Airlines , Frontier Airlines, JetBlue Airways, United Airlines, Qantas, AirAsia X, Sky Airline, Czech Airlines, Air Canada, Airlines, JetBlue, Spanish, Washington Dulles, American Airlines, Frontier Locations: Alaska, Iberia, Malaysian, Chile, East Coast, Europe, Madrid, Boston, Washington, Dulles, Raleigh , North Carolina, London, Charlotte, New York, Asia, Beijing, Seoul, Amsterdam, South America, Hawaii, Miami, Sydney, Kuala Lumpur

☆ Inside Europe's tech hubs: France's AI push puts it on the rise
▼ + stars: | 2024-06-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +31 min

Brimming with entrepreneurs and around 1,000 startup companies, it embodies France's exciting tech industry. So if you could rank Europe's tech hubs, what would be your top three? But I'm really excited about Lisbon actually, I know the Mayor of Lisbon pretty well, have been hearing really positive things. I mean things like that could just be completely deprioritized, which is essentially what has been helping us move things forward in France. Under Macron what have been for you the big positives that have come out of his presidency and tech push more broadly.

Persons: Tom Chitty, Roxanne Varza, Bruno Le Maire, Tom Chitty The, you'll, Arjun, I've, Roxanne, Macron, we'd, we've, Tom Chitty Let's, Xavier Niel, he's, Roxanne Varza That's, we're, I'm, Roxanne Varza Paris, Tom Chitty Arjun, Arjun Kharpal, What's, There's, you've, haven't, They're, Roxanne Varza Big, Tom Chitty U.S, Arjun Kharpal It's, who's, that's, there's, they've, we'll, Tom, Tom Chitty We'll Organizations: Meta, Google, CNBC, Uber, Accel, Dealroom, Mistral, Viva Tech, Sequoia Capital, Big Tech, Microsoft, French Finance, London Stock Exchange, London . Locations: Paris, France, French, Europe, beyondthevalley@cnbc.com, London, Berlin, U.S, Silicon Valley, Palo Alto, Bay, Amsterdam, Lisbon, Old, Shoreditch, London . Tel Aviv

And they were everywhere, although, naturally, New York City was a magnet, as it has always been for L.G.B.T.Q.+ people looking for a place in which they can be themselves. New York City was where you lost your soul, and we wanted to be closer to the earth. I wore an eight-and-a-half-foot-tall Statue of Liberty costume to the Easter Parade in New York City, and Kirsten came along with me. By the time I turned 30, I’d been telling people I was older for years, because I’m not the type to bemoan the loss of my youth. Going to New York felt like this moment of emerging to a wider audience, and then I started to travel a lot.

Persons: André De Shields, Lady Bunny, Michael R, Jackson, Juliana Huxtable, Wong, J.D, Samson, Pat Oleszko, it’s, —, John Rechy, ”, Danez Smith, Trump, he’d, “, Jenna Lyons, Avram Finkelstein, Joe Mantello, …, Catherine Opie, you’re, Willie Norris, “ I’d, It’s, you’ve, ” — Mark Harris Read, De Shields, Justin French, Chuck Ashley, Anthony Cotsifas, William F, Robert O’Hara’s, Hermes, — Max Berlinger Jenna Lyons, Antonio Lopez, Jenna Lyons’s, Grace Jones ”, Juan Ramos, Antonio Lopez’s, Grace Jones, Tina Chow, Marisa Berenson, Pam Anderson, That’s, — Jason Chen Jayne County, Jayne County, Gus Stewart, Billy Idol, Wayne County, — M.B, Bill T, Jones, Arnie, Arnie Zane, Zane, Keith Haring, Lois Greenfield, Jack Mitchell, Peggy Jarrell Kaplan, Gertrude Stein, Alice B, we’d, Bill, Arnie ”, I’m, — Juan, Norris, Yael Malka, Tomas Abad, West, Black, I’d, — Colleen Hamilton B.D, New York’s Eugene, . Wong, David Henry Hwang’s, Richie, wasn’t, Wayne Barker, — John Wogan Edmund White, Edmund White, Horatio, Leonard Fink’s “, Barbara Confino, Leonard Fink, Joseph Rodriguez, Bleecker, You’d, Gosh, Michael Snyder Pat Oleszko, Chichi, Kirsten, who’d, she’d, — C.H, Brian Michael Smith, Gay, Smith, Kiki Ball, Josue Infante, Skyler Cruz, Jamison, — J.A.R, Agnes Denes’s “, Don Yowell, Finkelstein, Agnes Denes, Leslie Tonkonow, Don, Agnes Denes’s, JD Samson, Sia, Mark Hunter, Anthony Cotsifas I’d, Johanna Fateman, Tigre, Michael O’Neill, Obama, might’ve, — Kate Guadagnino Kristen Kish, Kish, Suzanne Kreiter, David Moir, Bravo, isn’t, — J.W, Stephen Spinella, Mantello, Joan Marcus, Photofest, Tony Kushner’s, Louis Ironson, Milton Glaser, he’s, David, Marshall Grant, Joe Pitt, Walter, Awards, Stephen, ” —, Freedia, Devon Hurst, Sissy Nobby, Barack Obama’s, Lyle Ashton Harris, Big, Bounce, ” — M.B, Thom Browne, Browne, Los Angeles’s Chateau Marmont, Malcolm Venville, Paul Fortune, Michèle Lamy —, — J.C, Catherine Opie’s “, Opie, Ian, Lehmann Maupin, Eileen Myles, Jenny Shimizu, I’ve, Nicole Acheampong Danez Smith, Juan Cordero, ” Womp, They’d, hookups, Who’s, We’ve, You’re, J.A.R, Linda Simpson, India, Little Louie Vega, who’s, — K.G, Alexander Chee, Alexander Chee’s, Marguerite Duras’s “, Jeongneung, King Jungjong, Eric McNatt, Chris Chee, — M.S, Sam Jay, Jay, Jonah, Kumail ”, hadn’t, K.G, Phillip Lim, Lim, Tourmaline, Sylvia Rivera, Luce Capco Lincoln, York’s, We’d, Marsha P, John Cameron Mitchell, Larry Kramer, Mitchell’s, Mitchell, Martha Swope, Billy Rose, Mark Tusk, ” Kramer’s, Larry, Ned Weeks, Ned, “ Hedwig, J.W, Joerg Lohse, Reena, there’s, Matt Bomer, Bomer, Simon Halls, Neal Caffrey, Tony Kushner, Terrence McNally —, — I’d, Hollywood, Wu Tsang, Neil Rasmus, Wildness, ’, Wildness ”, Roxane Gay, Mueller, Brandon Williams, Donna Gottschalk, Donna Gottschalk’s “, Duchess, Galerie Marcelle Alix, goddamn, Coco Romack Michael R, Aaron Kinney, Nova, “ I’m, Bob Damron’s, Sgt, Shirley, Waldorf, Harold’s, Jean ] Genet, Marcel, Proust Organizations: Pride, Stonewall, West, America’s, ACT UP, San, Playwrights Horizons, Odeon, New York’s TriBeCa, Electric, Getty, Police, Billy, New York Live Arts, Keith Haring Foundation, BAM Hamm, Liberation, Brooklyn Liberation, Brooklyn Museum, Fort, New York’s, New York’s Eugene O’Neill Theatre, Broadway, Equity, LGBT Community Center, Fulbright, Mudd, New, Bisexual, Transgender Community, Center, Transgender Community Center, “, Maxwell, Museum School, Farmers, Seattle, Boston Globe, Travel, New York Times, Rancho Mirage, Gay, Caesar’s, FEMA, Yale, York’s Webster Hall, Masters, Records, Pyramid, Work, ACT, Carpenters, Seymour, Edinburgh, Atlanta —, Ninja, Huntington, New York, Lesbian, Equal, Billy Rose Theatre Division, The New York Public Library, The New York Times, USA, Children’s Hospital of Los, MoMA, Whitney Biennial, University of Nebraska, Alamy, HarperCollins, of Engineering, Google, Division, Astor, Tilden Foundations, Pershing, University of Southern, Pershing Square Locations: New York, Berlin, “, America, San Francisco, Baltimore, New York’s, New York City, California, Atlanta, Europe, Wayne County, Dortmund, Germany, London, Amsterdam, Rotterdam, Rockland County, N.Y, ’, I’m, Brooklyn, West Dakota, Fort Greene, New, Leonard Fink’s “ Bars, Street, Rome, —, Aspen, Colo, Copenhagen, Danish, Peru, Los Angeles, Agnes Denes’s “ Wheatfield, Downtown Manhattan, North Moore, TriBeCa, Hoboken, N.J, Lower Manhattan, Manhattan, Boston, Williamsburg , Brooklyn, Vinnie’s, Bedford, Austin , Texas, Copley, Menton, Asian American, York, New Orleans, Houston, Los Angeles’s, L.A, Hong Kong, Seoul, Casa, Koreatown, Minneapolis, Grindr, East, India, Wigstock, Tompkins, Vershire, Chee, Iowa, Huntington Beach, Chelsea, Barneys, Madison, Miami, New York State, Washington, The, LA, Silver Lake, Missouri, Children’s Hospital of Los Angeles, Zurich, Central, American, Westlake, Los Angeles and New York, Lincoln, Alphabet City , New York, Lenox, United States, University of Southern California, Downtown Los Angeles

☆ Europe is at risk of over-restricting AI and falling behind U.S. and China, Dutch prince says
▼ + stars: | 2024-06-26 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Prince Constantijn is special envoy to Techleap, a Dutch startup accelerator. Patrick Van Katwijk | Getty ImagesAMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology, according to Prince Constantijn of the Netherlands. Prince Constantijn is the third and youngest son of former Dutch Queen Beatrix and the younger brother of reigning Dutch King Willem-Alexander. "We've seen this in the data space [with GDPR], we've seen this now in the platform space, and now with the AI space," Constantijn added. Plus, when it comes to developing applications that use AI, "Europe is definitely going to be competitive," Constantijn noted.

Persons: Prince Constantijn, Patrick Van Katwijk, Constantijn, Dutch Queen Beatrix, Dutch King Willem, Alexander, innovating, hasn't Organizations: Getty, CNBC, Union, EU, U.S, National Academies of Sciences Locations: Techleap, Dutch, AMSTERDAM, Europe, China, Netherlands, Amsterdam, U.S

☆ Barcelona plans to ban short-term rentals, hitting the owners of 10,000 apartments
▼ + stars: | 2024-06-24 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Read previewBarcelona plans to end short-term rentals after complaints that tourism has priced locals out of the housing market. "Tourist apartments represent just 0.77% of Barcelona's housing stock," Enrique Alcantara, president of the Barcelona Tourist Apartments Association, told media after the announcement. AdvertisementGlobal short-term rental restrictionsOther cities are similarly eyeing short-term rental restrictions to manage skyrocketing housing costs in what's been deemed the "Airbnb effect." Cities including Vancouver, Tokyo, London, Amsterdam, and Paris have all placed restrictions on the short-term rental market. Some Southeast Asian countries have banned short-term rentals completely.

Persons: —, Jaume Collboni, Collboni, Airbnb, Damià Calvet, Calvet, Enrique Alcantara Organizations: Service, Business, Spanish, Government, EU, Barcelona Tourist Apartments Association, Estate Economics Locations: Barcelona, Spanish, Madrid, what's, Irvine , California, New York City, Cities, Vancouver, Tokyo, London, Amsterdam, Paris, Singapore, Thailand, Irvine

☆ Barcelona plans to ban short-term rentals as cities rethink the Airbnb effect
▼ + stars: | 2024-06-24 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +4 min

Read previewBarcelona plans to end short-term rentals after complaints that tourism has priced locals out of the housing market. By 2029, no homes will be allowed to operate as short-term tourist accommodations. AdvertisementGlobal short-term rental restrictionsOther cities are similarly eyeing short-term rental restrictions to manage skyrocketing housing costs in what's been deemed the "Airbnb effect." Cities including Vancouver, Tokyo, London, Amsterdam, and Paris have all placed restrictions on the short-term rental market. Some Southeast Asian countries have banned short-term rentals completely.

☆ App developers on OpenAI's new GPT Store are trying to make money. Here are some of the successful business models that have emerged so far.
▼ + stars: | 2024-06-24 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +8 min

Read previewSix months after OpenAI announced GPTs, developers are getting creative when it comes to making money with their applications. To some, the GPT Store drew comparisons to the early days of the App Store, Apple's marketplace for mobile applications that debuted in 2008 and ushered in the smart phone era and "app economy." However, multiple GPT developers walked Business Insider through how they're making money with their apps while waiting for formal monetization plans to become available. Advertisement"I think it will be good when OpenAI comes up with monetization integrated in the GPT Store," developer Vicente Silveira told Business Insider in an interview. Our bet is that the GPT Store will be the best way right now to position yourself to create."

Persons: —, OpenAI, monetization, Vicente Silveira, Silveira, Karthik Ramasamy, Silveria, Ramasamy, It's, Ai Drive's, Ai, Claude —, Charly AI, they've, GPTs, it's Organizations: Service, Business, Google, LinkedIn, Big Tech, Humanizer, BI, Charly Locations: Amsterdam, GPTs, San Francisco

☆ She got on a flight to visit her boyfriend. Then she kissed a stranger she met on the plane
▼ + stars: | 2024-06-21 | by ( Francesca Street | ) edition.cnn.com time to read: +15 min

An airplane encounterAmy and Mike met on March 23, 2006, on an airplane about to depart Los Angeles International Airport. But then Mike apologized – half jokingly, half sincere – for ruining Amy’s flight. First in the coffee line, and later as they walked through the airport, Amy and Mike continued chatting. Mike didn’t want Amy to leave, but Amy wasn’t going to abandon a great career opportunity. Later this year, Amy and Mike hope to take their kids to Japan – an 11 hour plus flight from LAX.

Persons: Amy Osmun, she’d, Mike Gilberstadt, They’d, Amy, Mike, “, ”, wasn’t, Mike couldn’t, dietician, She’d, sauntering, Mike —, –, Mike –, Mike’s, I’d, he’d, Amy marveled, Mike didn’t, Amy wasn’t, ” He’s, Amy Gilberstadt “, Valentine, Amy Gilberstadt, ” Amy, “ I’d, I’ve, I’m, “ You’re, Barbies, ‘ I’ve, ” “, Amy’s, “ We’re, they're, Kelli Gase, they’ve Organizations: CNN, CNN Travel, Los Angeles International Airport, California State University, Amsterdam Schipol Airport, LAX, Scotland, TiVo, . Locations: Amsterdam’s, Scotland, Greece, Southern California, Amsterdam, California, Mike’s, Orange County, San Diego, Venice, Italy, Ireland, Hong Kong, India, Japan, China, Australia, New Zealand, Tahiti, United Kingdom, Alaska, Vermont

☆ Does off-season travel exist anymore?
▼ + stars: | 2024-06-20 | by ( Lilit Marcus | ) edition.cnn.com time to read: +8 min

Then, you can plot a graph to see which months are higher and lower than that total to determine when the peak season is. “In Thailand, low season typically spans from April to September with April and May being really hot,” says Ponti. “During this low season the tourist volumes each month constitute more than 7% of the annual total. Angelos Tzortzinis/dpa/picture alliance/Getty ImagesArguably the biggest single factor affecting what we know as “peak season” travel is weather. “For me, the challenge is about finding the joy in those low seasons, finding those nuggets of gold.”

Persons: ”, Olivier Ponti, Ponti, Angelos Tzortzinis, Ged Brown, Mikey Sadowski, there’s, we’re, Sadowski, David Silverman, it’s, ForwardKeys ’ Ponti, Ann Woodward, “, Woodward, –, I’ve, ’, Brown, haven’t, ” Brown Organizations: CNN, United Nations, European Travel Commission, Intrepid, Travelers Locations: Italy, Hong Kong, Amsterdam, Japan, Canary, Spain, Thailand, Hawaii, Maldives, “, ”, Athens, Greece, Europe, Denmark, Sweden, Nepal, Mexico, New York

☆ Goldman Sachs refreshed its conviction lists of global stocks — giving one 63% upside
▼ + stars: | 2024-06-20 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Goldman Sachs refreshed its lists of top global stock picks for June by adding some and removing others. The stocks are captured in the investment bank's "Conviction List - Directors' Cut" and seeks to offer investors a "curated and active" list of 15 to 25 buy-rated stocks. The stocks are selected by a group designated by the bank's Investment Review Committee for each region. Here are three of the latest additions to Goldman's directors' cut lists — for Asia-Pacific and Europe — that were given more than 40% upside potential in the next 12 months. Goldman has a target price of 685 New Taiwan dollars ($21.16) on the stock, implying 54.1% potential upside.

Persons: Goldman Sachs, Goldman, Chao Wang, Oil Goldman, Nikhil Bhandari, Phillips, Daniela Costa, CNBC's Michael Bloom Organizations: bank's Investment, EMC, Taiwan Stock Exchange, SmartETFs Asia, New, Oil, Project, bbl, PTT Public Company, Stock Exchange of, Nasdaq, Philips, Euronext Locations: Asia, Pacific, Europe, New Taiwan, Thailand's, Stock Exchange of Thailand, Dutch, Euronext Amsterdam

☆ Kandinsky Cut Ties With Russia. So Did This Museum.
▼ + stars: | 2024-06-19 | by ( Nina Siegal | ) www.nytimes.com time to read: 1 min

When the Hermitage Amsterdam cut ties with the State Hermitage Museum in St. Petersburg in 2022, after Russia’s invasion of Ukraine, it could have seemed like the Dutch museum was turning away from Russian culture, or even Russian artists. After all, the Dutch museum had spent 15 years showcasing masterpieces from the Russian institution, with exhibitions devoted to the Hermitage’s founder, Catherine the Great, and the House of Romanov, as well as the blockbuster “Jewels! The Glitter of the Russian Court.”But Annabelle Birnie, who runs the Amsterdam museum, doesn’t want anyone to be confused about the reasons for the split from its former exhibition partner. “Russian art was never part of the decision,” she said. “It was an economic boycott,” that “had nothing to do with the quality of Russian art and Russian artists,” she added.

Persons: Catherine the Great, of Romanov, Annabelle Birnie, ”, “ Organizations: Hermitage Amsterdam, State Hermitage Museum, Russian Court Locations: St . Petersburg, Ukraine, Russian, Amsterdam

☆ Iceland wants to switch up its tourism tax to protect nature — and fight overtourism
▼ + stars: | 2024-06-17 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +1 min

The Blue Lagoon geothermal spa near the fishing town of Grindavik, Iceland, on May 23, 2024. Iceland wants tourists to flock to its bubbling hot springs, picturesque ice caps and lunar-like lava landscapes — but not at the expense of its residents or natural environment. "We are trying still to mold the taxation system for the tourism sector for the future," Iceland's Prime Minister Bjarni Benediktsson told CNBC via videoconference. As I see it, we would want to go more toward accession fees to the magnets, as we call them, around the country," Benediktsson said. Iceland's government reinstated its so-called tourism tax at the start of the year, seeking to raise funds for sustainability programs and mitigate the environmental impact of mass tourism.

Persons: Bjarni Benediktsson, Benediktsson Organizations: CNBC Locations: Grindavik, Iceland, Amsterdam, Venice

☆ I'm an American who's lived in Germany for 14 years. I'm mostly content, but life here hasn't been perfect.
▼ + stars: | 2024-06-14 | by ( Sabrina Cooper | ) www.businessinsider.com time to read: +4 min

In a 2023 InterNations survey of over 12,000 expats, Germany was voted one of the countries expats hate to live in the most. AdvertisementWhen asked where I'm from, saying I'm American" doesn't suffice. Sadly, I'm also still stuck in my native English head, which doesn't delineate between a formal and informal "you," either. We're three hours by train from Amsterdam, three and a half hours by train from Paris, and four hours by train from London. Despite all the mistakes, misunderstandings, and episodes of embarrassment, I can honestly say that I'm grateful for everything living in Germany has brought me.

Persons: —, I've, it's, JENS SCHLUETER, I'm, We've Organizations: Service, Business Locations: Germany, United States, Los Angeles and New York, Europe, Amsterdam, Paris, London

☆ Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say
▼ + stars: | 2024-06-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

Executives and investors at the Money20/20 event in Amsterdam last week told CNBC that valuations have corrected from unsustainable highs from the industry's heyday in 2020 and 2021. Iana Dimitrova, CEO of embedded finance startup OpenPayd, told CNBC in an interview at the firm's booth that the market has "recalibrated." "Value is now ascribed to businesses that manage to prove there is a solid use case, solid business model," Dimitrova told CNBC. In 2021, global fintech funding reached an all-time peak of $238.9 billion, according to KPMG. Nanu added that the trend mimics the "craziness" fintech saw in terms of frothy valuations in 2020 and 2021.

Persons: Long, Dimitrova, Horacio Villalobos, Revolut, Prajit Nanu, fintech, Nanu, OpenPayd's Dimitrova, OpenPayd, Crypto, Andrea Pirlo, Fintech execs, they're, James Black, IVP, We've, Black, Charles McManus, Chris Ratcliffe Organizations: Bloomberg, Getty, AMSTERDAM, CNBC, RAI, KPMG, Companies, U.S ., ClearBank, Global Summit Locations: Amsterdam, Lisbon, Portugal, fintech, Italian, stablecoins

☆ Why we're still skeptical of Starbucks' turnaround despite a major Wall Street endorsement
▼ + stars: | 2024-06-13 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

A new endorsement of Starbucks from a top Wall Street research firm doesn't budge our skepticism about the coffee giant's ability to deal with the multiple challenges holding back its stock. Goldman Sachs on Thursday initiated coverage of Club name Starbucks with a buy rating and a $100-per-share price target. That price target represents more than 25% upside to the prior session's close. That night, we downgraded the stock to a 2 rating and cut our price target to $90 per share. A store of Starbucks Coffee shop chain located in Amsterdam city center with people sitting inside, enjoying a coffee after shopping in the cafe, while others are walking by.

Persons: Goldman Sachs, Jim Cramer, Goldman, Jim, Laxman Narasimhan, Narasimhan, Jim Cramer's, Nicolas Economou Organizations: Starbucks, CNBC, Nurphoto, Getty Locations: China, Amsterdam

☆ The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts
▼ + stars: | 2024-06-11 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Americans shouldn't expect interest rate cuts to head their way anytime soon. Related stories"It may be bad, partly, because it is driven in part by uncertainty and fear and high interest rates holding back activity," Pollak added. "And if I had to bet, I bet that we will get two rate cuts, one in September and one in December." Some Democratic lawmakers have been pushing the Fed to cut rates and give Americans some breathing room, especially after the European Central Bank cut rates earlier in June for the first time in five years. "The Fed's decision to keep interest rates highs continues to widen the rate gap between Europe and the U.S, as the lower interest rates could push the dollar higher, tightening financial conditions," they wrote, adding: "You have kept interest rates too high for too long: it is time to cut rates."

Persons: there's, Jerome Powell, Powell, Julia Pollak, ZipRecruiter, It's, Pollak, Nick Bunker, Joseph Briggs, Goldman Sachs, we're, David Kelly, Kelly, Elizabeth Warren, Jacky Rosen, John Hickenlooper Organizations: Service, Reserve, Business, North America, Morgan Asset Management, Democratic, European Central Bank Locations: United States, Amsterdam, Sens, Europe

☆ A weaker dollar, skyrocketing prices and ‘record’ visitor numbers: Good luck in Europe this summer
▼ + stars: | 2024-06-08 | by ( Julia Buckley | ) edition.cnn.com time to read: +12 min

Hotel prices are exploding. As the owner of Destination Europe, she is sending “record numbers” of clients to the continent this year. There’s been such a huge demand for travel in the past three years, and lots of places are pushing up prices.”Is summer in Europe already a washout? Socrates Baltagiannis/picture alliance/Getty ImagesData from Hotel Monitor, American Express Global Business Travel’s annual analysis of worldwide hotel rates, backs his theory up. His prediction appears to be coming true: although the Amex GBT analysis predicted a 11% spike in Paris hotel rates this year, so far they have only risen 8%.

Persons: “ There’s, ”, Tom Jenkins, ” Kayla Zeigler, Graham Carter, “, There’s, you’re, it’s, Eric Gaillard, Reuters It’s, they’re, Eiffel, Hagia Sophia, Jenkins, Tim Hentschel, that’s, It’s, Milos, Hotelplanner's Tim Hentschel, Socrates Baltagiannis, Hentschel, haven’t, Conde Nast, Hayley Berg, Hopper, Berg, Jaime Reina, ‘, ’ ” They’re, Daniela Santanchè, ” Zeigler, Carter, –, Charles de Gaulle, ” They’re, Zeigler, ” –, – Berg, bookers, Henry Nicholls Organizations: CNN, European Tourism Organisation, Unforgettable, “, Reuters, Getty, Hotel Monitor, American Express Global, ”, AFP, Italy –, Games Locations: Europe, Bosnia, Bulgaria, Denmark, Iceland, Poland, Romania, Sweden, Switzerland, Czech, Hungarian, Ukrainian, Ukraine, Turkish, Hagia, Venice, Paris, Amsterdam, Dublin, Berlin, Stockholm, Barcelona, London, Murcia, Marbella, Windsor, Paddington, Rome, Athens, Venice’s, Mallorcan, Italy, Amalfi, Positano, Amalfi Coast, Puglia, Sicily, Slovenia, Croatia, Ireland, Portugal, France, airfare, London's, AFP

☆ Payhawk, a $1 billion corporate card startup, plans M&A shopping spree to boost its U.S. footprint
▼ + stars: | 2024-06-06 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Saravutvanset | Room | Getty ImagesAMSTERDAM, Netherlands — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the U.S. and take on big players in the space like SAP and venture-backed firms Brex and Ramp. "We see an opportunity to have much better unit economics in this business," Borisov told CNBC at the Money 20/20 conference in Amsterdam, Netherlands, this week. Payhawk is a corporate spend management platform that issues smart cards for clients' employees to make payments and keep track of their expenses. Consolidation the name of the gamePayhawk recorded huge growth in the first quarter, the company told CNBC. Now, Payhawk wants to grow its U.S. footprint in a big way — and M&A will be a key to unlocking that growth, according to Borisov.

Persons: Hristo Borisov, Borisov, Payhawk, we're Organizations: Getty Images, CNBC, American Express Locations: Getty Images AMSTERDAM, Netherlands, U.S, Amsterdam

☆ Worldpay president: AI could help combat fraud in payments industry
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorldpay president: AI could help combat fraud in payments industryGabriel de Montessus, president at Worldpay, speaks to CNBC's Arjun Kharpal at the Money 20/20 tech conference in Amsterdam.

Persons: Gabriel de Montessus, CNBC's Arjun Kharpal Organizations: Worldpay Locations: Amsterdam

☆ The withdrawal risk of quitting antidepressants
▼ + stars: | 2024-06-05 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

Roughly 15% of participants who discontinued antidepressants experienced withdrawal symptoms such as dizziness, headaches, nausea, insomnia and irritability, according to the review published Wednesday in the journal The Lancet Psychiatry. The review is the first publication of a larger project on antidepressant withdrawal symptoms, the authors said. The authors also discovered the medications most often linked with withdrawal symptoms were desvenlafaxine, venlafaxine, imipramine and escitalopram. The rate of withdrawal symptoms in pharma-funded studies was about the same as trials not funded by pharmaceutical companies. The study didn’t provide information on the duration of withdrawal symptoms, but other research suggests they can last for up to two weeks in most cases, Keedwell said.

Persons: ”, Jonathan Henssler, ” Henssler, Sameer Jauhar, Jauhar wasn’t, ” Jauhar, Christiaan Vinkers, weren’t, Tony Kendrick, “, ” Kendrick, Henssler, Jauhar, Oliver Howes, Howes wasn’t, Paul Keedwell, wasn’t, Keedwell, ” Keedwell Organizations: Lifeline, CNN, neurosciences, Charité — University Medicine, King’s College London, Pharmaceutical, pharma, Amsterdam University Medical Center, University of Southampton, Cleveland Clinic, Royal College of Psychiatrists Locations: United Kingdom, Berlin, England

☆ Goldman-backed Starling says no plans to pursue EU bank license, expansion to come from software
▼ + stars: | 2024-06-05 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The company sought to expand abroad by applying for an Irish banking license, which would have given the bank access to the European Union market. AMSTERDAM — Digital bank Starling will not re-apply for a European Union banking license and instead pursue international expansion through its software business, the incoming CEO said, in a diverging approach to overseas growth from some of its rivals. Raman Bhatia outlined the company's international expansion plans on Wednesday, in his first public remarks since his appointment as CEO in March, taking over from founder Anne Boden. Bhatia said that the company has no plans to re-apply for the EU banking license to push into new countries. Instead, international expansion will be driven by Engine, a software platform that Starling sells to other companies, so they can set up their own digital banks.

Persons: Raman Bhatia, Starling, Bhatia, Goldman Sachs, Anne Boden Organizations: OVO Energy Ltd, European Union, AMSTERDAM —, CNBC, Salt Bank, AMP Locations: AMSTERDAM, Thailand, Salt, Romania, Australia

☆ Fintech firm Nium cuts valuation by 30% in new funding round, eyes 2025 IPO
▼ + stars: | 2024-06-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The fundraising round was led by an undisclosed Southeast Asian sovereign wealth fund and backed by venture capital firms BOND, NewView Capital, and Tribe Capital. That marks a 30% discount to its previous valuation of $2 billion, which the firm notched in 2022 when it last raised external venture capital. Nanu said his company's down round was the result of a broader depression in public market valuations of fintech companies. He noted the example of Stripe, which raised a $95 billion valuation in the heady days of 2021 before slashing its value to $50 billion and then boosting its valuation to $65 billion in secondary share transactions. "Banks have gone from, crypto is hot, to not crypto, to crypto," he added.

Persons: Prajit, Nanu, he's, Banks, It's, Bitcoin Organizations: Westend61, Getty Images, CNBC, NewView, Tribe Locations: Getty Images AMSTERDAM, Netherlands, U.S

☆ Why You’ll Pay More and Behave Better When You Travel This Summer
▼ + stars: | 2024-06-04 | by ( Paige Mcclanahan | ) www.nytimes.com time to read: +1 min

Ahead of the summer travel season, leaders in many tourist spots have adopted measures to tame the tourist crowds — or at least earn more revenue from them. The goal is to ensure that tourism functions smoothly for visitors and locals alike, said Megan Epler Wood, managing director of the Sustainable Tourism Asset Management Program at Cornell University. “All tourism is dependent on beautiful natural and cultural resources. You have to protect those resources in order to be a viable tourism destination — and if you don’t, they degrade,” Ms. Epler Wood said. In some places, proposals for new fees or visitor rules have drawn opposition from residents, who fear they might scare away the tourists who bolster the local economy.

Persons: Megan Epler Wood, Ms, Epler Wood Organizations: Tourism, Management, Cornell University Locations: Bali . Higher, Amsterdam, Paris, Milan, Majorca

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