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☆ Russia Increases Maximum Size of Armed Forces by 170,000 Servicemen
▼ + stars: | 2023-12-01 | by ( Dec. | At P.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Russian President Vladimir Putin has signed a decree to increase the maximum number of servicemen in the Russian armed forces by 170,000 people, the Kremlin and the Defence Ministry said on Friday. According to the document, the regular strength of the armed forces is now set at 1,320,000 servicemen. "The increase in the full-time strength of the armed forces is due to the growing threats to our country associated with the special military operation and the ongoing expansion of NATO," the Russian defence ministry said. The ministry also said that the increase in the number of servicemen is due to the recruitment of contract personnel, and the military has no plans to significantly increase conscription or carry out a new wave of mobilisation. Former Russian President Dmitry Medvedev, now deputy chairman of Russia's Security Council, said on Friday that more than 452,000 people were recruited to the Russian military under contract from Jan. 1 to Dec. 1 2023.

Persons: Vladimir Putin, Dmitry Medvedev, Maxim Rodionov, Sandra Maler Organizations: Reuters, Kremlin, Defence Ministry, NATO, Russia's Security Locations: Russian

☆ American Paul Whelan Assaulted in Russian Prison
▼ + stars: | 2023-11-29 | by ( Matthew Luxmoore | ) www.wsj.com time to read: 1 min

Paul Whelan standing inside a defendant’s cage during a hearing in Moscow three years ago. Photo: maxim shemetov/ReutersPaul Whelan, a U.S. citizen who has been held in Russia since 2018, was assaulted by a fellow inmate after a conflict at his prison east of Moscow, according to the Russian prison service and Whelan’s family. The former U.S. Marine and corporate security executive from Novi, Mich., who is serving a 16-year prison sentence on espionage charges he denies, was taken to the prison’s medical unit on Tuesday with a graze under his eye following a minor altercation with another prisoner, Russia’s state news agency RIA said.

Persons: Paul Whelan, Reuters Paul Whelan, RIA Organizations: Reuters, U.S . Marine Locations: Moscow, U.S, Russia, Novi, Mich

Former U.S. Marine Paul Whelan, who was detained and accused of espionage, stands inside a defendants' cage during his verdict hearing in Moscow, Russia June 15, 2020. REUTERS/Maxim Shemetov Acquire Licensing RightsLONDON, Nov 29 (Reuters) - Former U.S. Marine Paul Whelan was attacked by another inmate in a Russian prison while serving a 16-year sentence on espionage charges, Russia's prison service said on Wednesday, after Whelan's brother publicised the incident. The Mordovia regional prison service confirmed to the Interfax news agency that the attack on Whelan had happened. There was surveillance TV footage of the incident and the prison service was looking into it further before submitting a report to the police, Interfax reported. Arrested in 2018 in Russia, Paul Whelan was convicted of espionage in 2020 and handed a 16-year sentence.

Persons: U.S . Marine Paul Whelan, Maxim Shemetov, Former U.S . Marine Paul Whelan, Whelan, Dave Whelan, Paul, Vladimir Putin, Paul Whelan, Evan Gershkovich, Andrew Osborn, Susan Heavey, Guy Faulconbridge, Timothy Organizations: U.S . Marine, REUTERS, Former U.S . Marine, Embassy, State Department, U.S . State Department, U.S, Timothy Heritage, Thomson Locations: Moscow, Russia, Former, U.S, Russia's Mordovia, American, Mordovia, Turkey, Washington

☆ Chechen leader's 16-year-old son named to post in rifle battalion
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

Ramzan Kadyrov, head of Russia's Chechnya, waits before an annual state of the nation address attended by Russian President Vladimir Putin at the Kremlin in Moscow, Russia, December 1, 2016. REUTERS/Maxim Shemetov/File photo Acquire Licensing RightsNov 29 (Reuters) - Chechen leader Ramzan Kadyrov's teenage son, who was shown beating a prisoner in custody this year, has been named as an observer in a new battalion that is part of Russia's defence ministry forces, a senior Chechen official said late on Tuesday. On Tuesday, Adam Delimkhanov, who heads the Chechen division of the Russian national guard and is also a member of Russia's parliament, said the young Kadyrov was named a curator, or observer, of a rifle battalion. The Chechen rifle battalion was created earlier this month, according to Russia's state media. Reporting by Lidia Kelly in Melbourne; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Ramzan Kadyrov, Vladimir Putin, Maxim, Ramzan Kadyrov's, Adam Kadyrov, Adam, Adam Delimkhanov, Kadyrov, Delimkhanov, Lidia Kelly, Raju Gopalakrishnan Organizations: Kremlin, REUTERS, Chechen, Russian, Thomson Locations: Chechnya, Russian, Moscow, Russia, Ukraine, Melbourne

MOSCOW, Nov 29 (Reuters) - Russia's industrial output growth slowed in October as the unemployment rate dropped to a record low 2.9%, federal statistics showed on Wednesday, with deepening labour shortages showing signs of cooling Moscow's military production capacity. Analysts say wages are growing faster than productivity and the central bank has warned of the impact it has on inflation. Industrial output rose 5.3% year-on-year in October, down from a 5.6% rise in September and driven once again by military production. Rosstat said industrial output had grown since March at a monthly rate of more than 5% compared with the corresponding months of 2022. But when discounting seasonal factors, industrial production dropped 0.4% in October, Rosstat said.

Persons: Maxim Oreshkin, Vladimir Putin, Central Bank Governor Elvira Nabiullina, Rosstat, Alexander Marrow, Darya, Alex Richardson, Alexandra Hudson Organizations: Kremlin, Reuters, VW, Central Bank Governor, Alexandra Hudson Our, Thomson Locations: MOSCOW, Russia, Volkswagen's, Moscow, Ukraine, Putin's Russia

REUTERS/Maxim Shemetov Acquire Licensing RightsLONDON, Nov 29 (Reuters) - Former U.S. marine Paul Whelan has been attacked by another inmate in a Russian prison while serving a 16-year sentence on espionage charges, Russia's prison service said on Wednesday, after Whelan's brother publicised the incident. After repeated requests, the prisoner hit Paul in the face, breaking Paul's glasses in the process, and attempted to hit him a second time," Dave Whelan said. The Mordovia regional prison service confirmed to the Interfax news agency that the attack on Whelan had happened. There was CCTV footage of the incident and the prison service was looking into it further before submitting a report to the police, Interfax reported. Arrested in 2018 in Russia, Paul Whelan was convicted of espionage in 2020 and handed a 16-year sentence.

Persons: U.S . Marine Paul Whelan, Maxim Shemetov, Paul Whelan, Whelan, Dave Whelan, Paul, Vladimir Putin, Evan Gershkovich, Andrew Osborn, Guy Faulconbridge, Timothy Organizations: U.S . Marine, REUTERS, U.S, Timothy Heritage, Thomson Locations: Moscow, Russia, Former U.S, Russia's Mordovia, American, Mordovia, Turkey, Washington

☆ Iran finalises deal to buy Russian fighter jets - Tasnim
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

A Russian Sukhoi Su-35S jet fighter performs a flight during the Aviadarts competition, as part of the International Army Games 2021, at the Dubrovichi range outside Ryazan, Russia August 27, 2021. REUTERS/Maxim Shemetov/File photo Acquire Licensing RightsDUBAI, Nov 28 (Reuters) - Iran has finalised arrangements for the delivery of Russian made Sukhoi su-35 fighter jets and helicopters, Iran's deputy defence minister told Iran's Tasnim news agency on Tuesday, as Tehran and Moscow forge closer military relations. Iran's air force has only a few dozen strike aircraft, including Russian jets as well as ageing U.S. models acquired before the 1979 Islamic Revolution. "Plans have been finalised for Sukhoi Su-35 fighter jets, Mil Mi-28 attack helicopters, and Yak-130 jet trainers to join the combat units of Iran's Army," Iran's deputy Defence Minister Mehdi Farahi said. In 2018, Iran said it had started production of the locally-designed Kowsar fighter for use in its air force.

Persons: Sukhoi Su, Maxim, Iran's, Mehdi Farahi, Elwely, Parisa Hafezi, Alison Williams, Ed Osmond Organizations: International Army, REUTERS, Rights, Sukhoi, Iran's Army, Thomson Locations: Sukhoi, Ryazan, Russia, Rights DUBAI, Iran, Tehran, Moscow, United States

Charles T. Munger, who quit a well-established law career to be Warren E. Buffett’s partner and maxim-spouting alter-ego as they transformed a foundering New England textile company into the spectacularly successful investment firm Berkshire Hathaway, died on Tuesday in Santa Barbara, Calif. His death, at a hospital, was announced by Berkshire Hathaway. Mr. Buffett has described him as the originator of Berkshire Hathaway’s investing approach. “The blueprint he gave me was simple: Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices,” Mr. Buffett once wrote in an annual report. That investing strategy was a revelation for Mr. Buffett, who had made his name in the 1950s buying troubled companies at deep discounts.

Persons: Charles T, Munger, Warren, Berkshire Hathaway, Mr, Buffett, — Forbes, — Organizations: Berkshire Locations: England, Santa Barbara, Calif, Los Angeles, Berkshire

☆ Video shows Ukrainian forces dual wielding World War I-era machine guns out of the back of a pickup truck
▼ + stars: | 2023-11-27 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

Photos show Ukrainian forces mounted WWI-era machine guns on a pickup truck. One video captures the moment troops used the antique guns to fire at what appear to be modern drones. AdvertisementUkrainian forces have repeatedly put machine guns with a history dating back to just before World War I into action in their war against Russia. New photos show a pair of the guns mounted onto a pickup truck while a video shows Ukrainians firing them at what observers suspect are Russian drones. The footage shows Ukrainian troops shooting at suspected drones in the sky, aiming the machine guns and firing from the pickup.

Persons: —, Ukraine's Organizations: Service, Ukraine's 118th Territorial Defense Brigade, Imperial Russian Army, 118th Territorial Defense Brigade, Facebook Locations: Ukraine, Russia, Ukraine's

MOSCOW (AP) — The shelves at Moscow supermarkets are full of fruit and vegetables, cheese and meat. But many of the shoppers look at the selection with dismay as inflation makes their wallets feel empty. The bank now forecasts inflation for the full year, as well as next year, to be about 7.5%. Maxim Blant, a Russian economy analyst based in Latvia, sees that as an indication that prices will continue to rise sharply. That keeps the cost of imports high, even as import possibilities shrink due to Western sanctions.

Persons: weathers, can’t, Roxana Gheltkova, Lilya Tsarkova, “, Rosstat, Maxim Blant, that's Organizations: MOSCOW, Central Bank, Associated Press, U.S Locations: Moscow, Ukraine, Russian, Latvia

☆ Russia vows retaliation over Moldova decision to join EU sanctions
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

[1/2] The state flag of Moldova (L) flies outside the country's embassy in central Moscow, Russia December 18, 2017. REUTERS/Maxim Shemetov/File Photo Acquire Licensing RightsMOSCOW, Nov 24 (Reuters) - Russia views Moldova's decision to join EU sanctions against it as a hostile step aimed at destroying ties with Moscow and will retaliate, the Russian foreign ministry said on Friday. Among its provisions are regulations concerning action to be taken against individuals and institutions subject to sanctions imposed on Russia in connection with the Kremlin's February 2022 invasion of Ukraine. Sandu has denounced Russia's invasion of Ukraine and accused Moscow of trying to oust her in a coup. Moscow denies the allegations and says Sandu is infusing anti-Russian sentiment in the country lying between Ukraine and Romania.

Persons: Maxim, Maia Sandu's, Sandu, Alexander Tanas, Maxim Rodionov, Andrew Osborn, Marguerita Choy Organizations: REUTERS, Rights, EU, European Union, Moldovan, Maia Sandu's Party of Action, Solidarity, Socialist Party, of Europe, European Commission, Reuters, Thomson Locations: Moldova, Moscow, Russia, Russian, Moldovan, Chisinau, Ukraine, Venice, Romania

☆ Russia's sanctioned Sovcombank requests US licence to make UN climate payments
▼ + stars: | 2023-11-23 | by ( Elena Fabrichnaya | ) www.reuters.com time to read: +2 min

A view shows a board with the logo of Sovcombank at the St. Petersburg International Economic Forum (SPIEF) in Saint Petersburg, Russia June 17, 2022. "We have funds in foreign currency for these payments, but we have not received any response from them yet, unfortunately." Avtukhov said Sovcombank was in dialogue with the UN on the matter. "We have not suspended our membership in international organisations," Avtukhov, who also sits on Sovcombank's board, said. There are certain difficulties with making payments in general for Russian participants of this programme," Avtukhov said.

Persons: Maxim, Sovcombank, Mikhail Avtukhov, Avtukhov, Elena Fabrichnaya, Alexander Marrow, Kirsten Donovan Organizations: St ., Economic, REUTERS, U.S . Treasury, United, Reuters, European Union, Foreign Assets, United Nations Environment, Finance Initiative, U.S, Treasury, UN, Thomson Locations: St, St . Petersburg, Saint Petersburg, Russia, Ukraine MOSCOW, Russian, United Nations, Sovcombank, Ukraine, Washington, Moscow

☆ How to share a meal without sharing germs? A doctor explains
▼ + stars: | 2023-11-22 | by ( Deblina Chakraborty | ) edition.cnn.com time to read: +7 min

The first is respiratory illnesses, like the flu, RSV and the common cold. Or they touch their nose, then touch a surface, and then you touch that surface and then your nose or mouth. A subcategory under foodborne infections are infections that result from ingesting the food itself — for example, if it’s undercooked or spoiled. CNN: Finally, what symptoms should people watch out for — how do they know when they need to seek medical care? Wen: Symptoms of respiratory illnesses include fever, cough, sneezing and body aches.

Persons: Leana Wen, Wen, it’s, buffets Organizations: CNN, George Washington University Milken Institute School of Public Health, US Centers for Disease Control

☆ Jailed Russian nationalist nominates himself for president
▼ + stars: | 2023-11-18 | by ( ) www.reuters.com time to read: +1 min

Girkin said from custody in August that he would make a better president than Vladimir Putin, whom he described as "too kind". The letter instructed his followers to set up a headquarters and start collecting signatures for his candidacy, SOTA said. Supporters of Girkin said in September that his criminal investigation had been extended until Dec. 18. Kremlin spokesman Dmitry Peskov has said Putin has unprecedented support and that he would win an overwhelming majority if he ran. Reporting by Elaine Monaghan in Washington; editing by Clelia OzielOur Standards: The Thomson Reuters Trust Principles.

Persons: Igor Girkin, Igor Strelkov, Girkin, Vladimir Putin, SOTA, Oleg Nelzin, Dmitry Peskov, Putin, Elaine Monaghan, Clelia Organizations: Kremlin, REUTERS, Maxim, Russian, Strelkov, West, Thomson Locations: Moscow, Russia, Malaysian, Ukraine, Washington

☆ ESPN's VP of sports betting shares his keys to success for ESPN Bet and an inside look into the partnership with Penn
▼ + stars: | 2023-11-17 | by ( Margaret Fleming | ) www.businessinsider.com time to read: +8 min

In other words, ESPN Bet has arrived. The companies announced in August their collaboration, with the operator selling its stake in Barstool Sports to rebrand Barstool Sportsbook as ESPN Bet. Screenshots from the ESPN Bet app. Providing easy transitions between the ESPN and ESPN Bet apps is a key focus to drive that metric, he added. — ESPN BET (@ESPNBet) November 10, 2023The move has given ESPN Bet an advantage on social media with 5.4 million followers on X, 2.7 million on Facebook, and 2.4 million on Instagram.

Persons: It's, Jay Snowden, Mike Morrison, Morrison, Scott Longley, DraftKings, Penn, Snowden, Jimmy Pitaro, Pitaro, I'm, cohesively we've, Keys, Fubo Sportsbook, Maxim Bet, it's Organizations: ESPN Bet, ESPN, Penn Entertainment, Sports, Business, Apple, Caesars, Penn, ESPN Penn, TheScore, Fox, Maxim, Yahoo, Walt Disney Company, ESPN BET, Facebook Locations: Penn, Las Vegas

☆ Russian companies' scaled-down IPOs in 2023
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

A customer walks in a store of Russian clothing retailer Henderson in Moscow, Russia October 31, 2023. IPO/DPO- Biotech startup Genetico (GECO.MM) raised 179 million roubles in an IPO in April. - CarMoney, a fintech service owned by SmartTechGroup (STG) raised 978 million roubles in a direct public offering (DPO) in July. - Technology company Astra (ASTR.MM) raised 3.5 billion roubles in an October IPO. - Men's clothing chain Henderson (HNFG.MM) attracted 3.8 billion roubles through its IPO in early November.

Persons: Maxim Shemetov, Uzhuralzoloto, Vladimir Putin's, Softline, Alexander Marrow, Kevin Liffey Organizations: Henderson, REUTERS, Biotech, SmartTechGroup, Technology, Astra, SPO, State, VTB Bank, Reuters, Thomson Locations: Moscow, Russia, Ukraine, IPOs

☆ A podcast host who's interviewed hundreds of CEOs, millionaires, and real-estate investors shares 3 traits of highly successful individuals
▼ + stars: | 2023-11-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

The podcast host and business coach hosts a daily podcast, " The Action Academy ," that features CEOs of major companies, millionaire entrepreneurs, and real-estate investors who have built robust portfolios. Then, they're not afraid to ask questions, ask for help, or ask someone to partner with or mentor them. "You start with a specific problem, you show proof of action, and you ask for specific help," said Luebben. "They look at the life that they want, their dream life, and they say, 'How much does this cost me a month? Okay, what do I need to do to generate the $10,000 that's required for me to live this dream life?'

Persons: Brian Luebben's, that's, Luebben, he'd, they've, they're, Brian Luebben, you've, They're Organizations: Academy Locations: America

☆ Russia has tried to break Ukraine’s energy grid. This winter, Ukrainians are prepared for the worst
▼ + stars: | 2023-11-10 | by ( Victoria Butenko | ) edition.cnn.com time to read: +8 min

When Russia pounded Ukraine’s power grid with widespread and repeated waves of airstrikes last year, causing massive rolling blackouts, his wife had just given birth to their second daughter. As families like Gindyuk’s gird themselves for the possibility of another dark winter, Ukraine has been rushing to rebuild and protect its fragile energy infrastructure. The summer provided a respite for Ukraine’s power grid. “Ukraine’s power system continues to operate in an emergency mode, which affects both power grids and generation,” a news release accompanying the report said. Physical barriers have been erected around Ukraine’s high-voltage electricity transmission network, which is operated by the national energy company Ukrenergo .

Persons: Ukraine CNN — Oleksandr Gindyuk, Gindyuk, ” Gindyuk, Gindyuk’s, Vadym, “, ” DTEK, ”, Maxim Timchenko, ” Timchenko, Volodymyr Kudrytskyi, Ukrenergo, ” Kudrytskyi, Oleksandr Prokhorenko, Kateryna, Varvara, ” Prokhorenko, Serzhan Organizations: Ukraine CNN —, CNN, Ukraine’s Defense Intelligence, United Nations, Programme, European Union, Management Locations: Kyiv, Ukraine, Russia, Russian, Spanish, Valencia

☆ Sberbank CEO expects 'serious cooling' in Russian mortgage market
▼ + stars: | 2023-11-08 | by ( Elena Fabrichnaya | ) www.reuters.com time to read: +2 min

REUTERS/Maxim Shemetov/File photo Acquire Licensing RightsMOSCOW, Nov 8 (Reuters) - Russia's biggest bank Sberbank (SBER.MM) expects a sharp cooling of the mortgage market following an expected 80% rise in mortgage lending this year, CEO German Gref said on Wednesday. Gref said the bank's mortgage issuance for the whole of 2023 was expected to reach 4.6 trillion roubles ($50.1 billion). VTB, Russia's number two bank, expects mortgage loans across the entire sector to total 7.2 trillion roubles this year, falling to between 5 and 5.5 trillion roubles in 2024. Vyacheslav Dusaleyev, head of retail business at Rosbank, gave corresponding forecasts of 7.3 trillion roubles this year and 5 trillion next year. Mortgage demand has remained buoyant in part because of the wide range of preferential offers available, according to the central bank.

Persons: Maxim, Gref, Sberbank, Vyacheslav Dusaleyev, Olga Polyakova, Elena Fabrichnaya, Mark Trevelyan, Christina Fincher Organizations: St ., Economic, REUTERS, Rights, Mortgage, Thomson Locations: St, St . Petersburg, Saint Petersburg, Russia, Moscow, Rosbank

☆ How Whitney Wolfe Herd's fateful deal with a Russian mogul deprived early Bumble employees of a stock windfall when she became a billionaire
▼ + stars: | 2023-11-06 | by ( Ben Bergman | ) www.businessinsider.com time to read: +23 min

I'm fucking done," she told a reporter at Time, who described Wolfe Herd as "blinking back tears" during the interview. "My hands are tied," Wolfe Herd told the audience, according to several people who were in the room. Wolfe Herd once called him her biggest mentor, saying, "He's become my family and one of my best friends." Some early employees said they only found out about the shadow-equity program, and who received it, years later. Based on the current share price, Wolfe Herd is no longer a billionaire, though her fortune still sits at an estimated $627 million.

Persons: Whitney Wolfe Herd, Andrey Andreev, Wolfe Herd, Bumble, Whitney Wolfe, Wolfe, Bumble wasn't, Charley Gallay, I've, Robbie McKay, McKay, Jerod Harris, Sarah Mick, Bumble's, That's, Mick, Justin Mateen, Tinder, Antoine Antoniol, Andreev, What's, He's, —, Jody Thelander, Alexandra Williamson, Samantha Fulgham, Chelsea Maclin, Caroline Ellis Roche, Michael Herd, they'd, Taylor, they're, Vivien Killilea, didn't, Charles Elson, Elson, Blackstone, Forbes, Ben Bergman Organizations: Worldwide Vision, Nasdaq, Carlton, Getty, Fortune, Andreev's, TechCrunch, Southwest, telltale, Founders, Chelsea, Austin, Ritz, Mailchimp, Intuit, University of Delaware, Twitter Locations: Russian, Austin, Los Angeles , California, Bumble, Northern California, Deer Valley , Utah, Punta Mita , Mexico, Tinder, London, Bermuda, WVL, San Francisco, Texas, Positano, Italy, Bay, Atlanta, MagicLab, Badoo, bbergman@insider.com

For Love & Money is a biweekly column from Insider answering your relationship and money questions. This week, a reader makes much less money than their partner and is worried about the imbalance. Write to For Love & Money using this Google form. Dear For Love & Money,My partner and I are fully committed to each other and absolutely soulmates. Write to For Love & Money using this Google form .

Persons: that's, —, we're, you've, I've, it's, I'm, he'll, doesn't, they've Organizations: Service, America

☆ Russia to continue voluntary cut of oil and oil product exports until year-end
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +1 min

Russian oil cargo Pure Point, carrying crude oil, is seen anchored at the port in Karachi, Pakistan June 13, 2023. REUTERS/Akhtar Soomro/ File Photo Acquire Licensing RightsMOSCOW, Nov 5 (Reuters) - Russia will continue the additional voluntary supply cut of 300,000 barrels per day from its crude oil and petroleum product exports until the end of December 2023 as previously announced, Deputy Prime Minister Alexander Novak said on Sunday. "The additional voluntary cut is intended to strengthen the measures taken by OPEC+ countries to maintain the stability and balance of oil markets," Novak said. According to him, Russia will consider next month whether to deepen its voluntary export cuts or increase production. Saudi Arabia will continue with its voluntary output cut of 1 million barrels per day (bpd) until the end of December, an official source at the ministry of energy said on Sunday.

Persons: Akhtar Soomro, Alexander Novak, Novak, Olesya, Guy Faulconbridge, Maxim Rodionov Organizations: REUTERS, Rights, OPEC, Thomson Locations: Karachi, Pakistan, Russia, Saudi Arabia

☆ Bayern Munich stunned in German Cup by third division Saarbrücken after 96th-minute goal
▼ + stars: | 2023-11-02 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Bayern Munich crashed out of the German Cup following a shock 2-1 defeat deep into stoppage time against third-tier FC Saarbrücken on Wednesday. Marcel Gaus scored the winning goal for Saarbrücken in the 96th minute, converting a low cross to spark delirium among the home fans. Bayern gave up possession after sloppy play at the back, and several Saarbrücken passes later, Patrick Sontheimer had a simple finish to make it 1-1 at Ludwigsparkstadion. As the game moved into stoppage time, substitute Tim Civeja found space behind the Bayern defense and crossed to Gaus, who netted an unlikely winning goal for Saarbrücken. Bayern had one last chance through Gnabry, but his shot was blocked and Saarbrücken could celebrate a famous win and a place in the third round of the German Cup.

Persons: Marcel Gaus, Matthijs De Ligt, Thomas Tuchel, Thomas Müller, Leroy Sané, Joshua Kimmich, Müller, Saarbrücken's Marcel Gaus vies, Eric Maxim Choupo, Uwe Anspach, De Ligt, Tuchel, Saarbrücken, Patrick Sontheimer, Sané, Kingsley Coman, Serge Gnabry, Jamal Musiala, Coman, Tim Schbreiber, Tim Civeja, Tim Schreiber, ”, Rüdiger Ziehl, ” Tuchel, Harry Kane, “, It’s, Der Klassiker Organizations: CNN — Bayern Munich, FC Saarbrücken, Saarbrücken, Bayern, England, ” Bayern, Borussia Dortmund Locations: Germany, Ludwigsparkstadion, Gaus, Der

☆ Goldman Sachs just promoted 608 employees to the coveted role of managing directors. See the full list here.
▼ + stars: | 2023-11-02 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +14 min

Goldman Sachs announced its 2023 class of managing directors Thursday afternoon, giving 608 employees the coveted title. It's a smaller cohort than the bank's 2021 MD class, down 5% amid a dealmaking slowdown. Still, Goldman appears to have taken pains to promote employees in revenue-generating divisions like investment banking and trading. Goldman says the percentage of women it promoted as part of the 2023 MD class sets a record, up 1% from 2021. Two years ago, Goldman promoted the largest managing director class in its history, naming 643 employees to the designation in 2021.

Persons: Goldman Sachs, Goldman, David Solomon, John Waldron, we've, Solomon, Waldron, Goldman Sachs Fereshteh Abbasi Thomas Abe Devina Abreo Francesca Adamski Emmanuel Adenitire Gopal Agarwal Prasoon Agarwal Udit Agrawal Khamran Ali Omar Alzaim Dorothee Amar Akbar Amin Joe Amsler Wilfred Amuri Jack Anstey Paul Antonios Hidemi Aoki, Carolina Aragon Gonzalez Nelson Armbrust Georgina Aspden Laurene, Gisha, Sharon Babick Navin Babu Alexey Bachurin Alberto Bacis Patrick Badaro Rahul Bajaj Elise Bal Tanya Ballaram Brian Baltz Guillaume Banderet Nirav Bansal Nitin Bansal Swati, Chalapathi, Andrei Banu Camella Barnes James Barry Elisa Anna Bassu Aman Batra Eleanor Beasley Nicole Beavan Michael Becker Yukiko Beer Omar Benchekroune Richard Bennett Nigel Beslee Ashima Bhalla Nikhil Bhandari Nimita Bhargava Bodha Bhattacharya Rebecca Bibb Roseline, Rahul Bindu Mark Bird Leo Biselman Christian Blanc Patrick Bogues Michael Boratin Katherine Bordlemay Gabriela Borges Kate Boucher Erik Bouland Joanne Braidi Chris Brett Joseph Briggs Charles Brockett Emmeline Brothers Aaron Brown Adrienne Brown Kevin Bryck Archana Budida Oliver Bunn Rebecca Burgoyne Andrew Burpitt Todd Byers Patrick Byrne Michael Cahill Ashley Caldwell Jake Caldwell Serdar Caliskan Jon Calluzzo Stewart Campbell Samantha Cantor Yuri Cantor Dan Carabas Gemma Carlaw Laura Carroll Tim Carson Matt Carter Quentin Cezard Alex Cham Simon Chamama Heidi Chan Patrick Chan Suraj Chandran Kim Cheah Jon Cheh CP Chen Nelly Cheng Sarrah Cherhabil Jackson Cheung Michael Cheung Rama, Stan Chiu Anish, Kunal Choraria Ankit Chowdhari Dario Claus Cosimo Codacci, Michael Coleman David Collerd Shannon Collins Francesca Condini Lee Coppersmith John Couch Tim Creamer Maziar, Satish Damodaran Gareth Davies Serkan, Nick De Kock Ann de la, Nick De Kock Ann de la Montaigne Jan Debeuckelaer Molly Decker Gabrielle Decrion Laurent Dedieu Antoine Demongeot Yannick Derippe Deepalakshmi Desai Tim Desiano Joshua Dezube Randeep Dhillon Javier Diaz, 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☆ Russian rouble gives up gains after soaring to 3-month high
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +2 min

A view shows the newly designed Russian 1000-rouble banknote inside a currency detector during a presentation in Moscow, Russia October 16, 2023. REUTERS/Maxim Shemetov Acquire Licensing RightsMOSCOW, Oct 31 (Reuters) - The Russian rouble weakened on Tuesday, pulling back after soaring to a three-month high past 92 to the dollar earlier in a volatile session, supported by high interest rates, but facing a month-end reduction in foreign currency sales. By 1324 GMT, the rouble was 0.5% weaker against the dollar at 93.28 . "But at the same time, growth in the money supply is continuing and this will definitely result in rouble weakening." The rouble has strengthened from beyond 100 to the dollar since the decree was announced.

Persons: Maxim Shemetov, Alexei Antonov, Vladimir Putin's, Brent, Alexander Marrow, Christina Fincher, Mark Potter Organizations: REUTERS, Rights, Bank of Russia, Financial Times, Reuters, Thomson Locations: Moscow, Russia, Russian

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