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☆ Cristiano Ronaldo scores impressive long-range lob on a night where he dazzled in front of goal
▼ + stars: | 2023-11-25 | by ( Aimee Lewis | ) edition.cnn.com time to read: +1 min

CNN —Cristiano Ronaldo has another spectacular strike to add to his collection of memorable goals after the soccer great scored a stunning 40-yard lob in the Saudi Pro League. Indeed, Ronaldo scored twice in three minutes to ease Al Nassr to a 3-0 victory over Al Okhdood on Friday. ages,” Al Nassr said on X, formerly known as Twitter, of the goal. It was Ronaldo’s 15th goal in 13 league appearances this season and the win moved Al Nassr to second in the league. The 38-year-old signed a two-and-a-half year contract estimated by media to be worth more than 200 million euros ($220.16 million) with Al Nassr and made his debut in January.

Persons: CNN — Cristiano Ronaldo, Ronaldo, Al Nassr, Al Okhdood, Paulo Vitor, ” Al Nassr Organizations: CNN, Saudi Pro League, Twitter, Al

☆ We quit our jobs in TV to start a coffee shop. When we decided to do it on a boat, we had no idea what we were in for.
▼ + stars: | 2023-11-24 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +7 min

Joanna and Victor Gould, both 35, quit their jobs to open a coffee shop on a boat. Holly the Cafe Boat Joanna GouldWe faced a lot of challenges opening our boat cafeIn 2018, we were feeling exhausted from our jobs as freelance television editors. We bought her and decided to name her "Holly the Cafe Boat." Both our cafe boat and the boat we lived on had a continuous cruiser license, which meant we had to move them both every couple of weeks. Serving customers from Holly the Cafe Boat.

Persons: Joanna, Victor Gould, —, we'd, We'd, we've, we're, Holly, Joanna Gould, herder, they'd, We've, We're Organizations: YouTube, Service Locations: Macclesfield, England

☆ Listen Now: OpenAI’s boardroom drama is far from over
▼ + stars: | 2023-11-23 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

Breakingviews category · November 24, 2023The German government is working hard to demonstrate the foolishness of the country’s iron-clad ban on large budget deficits. It now says it will suspend the “debt brake” after the Constitutional Court forced it to cancel some 60 billion euros worth of fiscal spending that it had included in a 210 billion euro climate and transformation fund. But the welcome relief is only temporary, and the harm is done. The budget crisis will cripple the economy for years to come, for three reasons.

Organizations: Constitutional

☆ OpenAI’s boardroom drama is far from over: podcast
▼ + stars: | 2023-11-23 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

Breakingviews category · November 23, 2023 · 1:44 AM UTCLawmakers in South Korea blasted the U.S. Inflation Reduction Act as a betrayal. European Union leaders worried it would leave the bloc’s companies at a disadvantage. And big miners like Australia’s Fortescue said it left them little choice but to direct a lot of spending to the United States. Yet concerns about market distortion from the policy intended to stimulate investment in the energy transition and signed into law by President Joe Biden in August 2022 are easing. Other countries are realising they need to adapt the blueprint.

Persons: Australia’s Fortescue, Joe Biden Locations: South Korea, United States

☆ An OnlyFans model said she gets so much online hate for not having a 'real job' that she shouldn't pay tax
▼ + stars: | 2023-11-22 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +3 min

OnlyFans model Billie Beever has clapped back at people who say sex work isn't a "real job." AdvertisementBillie Beever, an OnlyFans model based in Australia, said she "shouldn't have to pay tax" if people weren't willing to treat her job with respect. Advertisement"It's like, hold on a minute, didn't you say I don't have a real job? If i dont have a "real job" why am i paying "real tax" then?!?!" If i dont have a “real job” why am i paying “real tax” then?!?!

Persons: Billie Beever, Beever, —, I'm, Tasha Paige, @billiebeever_, ", she's Organizations: Service, Australian, Australian Taxation, Daily Mail Australia Locations: Australia

☆ Branding’s corporate titans face moment of truth
▼ + stars: | 2023-11-22 | by ( Aimee Donnellan | ) www.reuters.com time to read: +8 min

Now for the first time this century, sales volumes at the big consumer goods manufacturers are falling. In the first nine months of the year, Kraft Heinz said the quantity of its sold items declined by nearly 6 percentage points year-on-year. That’s likely to allow Nestlé, Kraft Heinz and Unilever to see flat or modest increases in 2023 sales, LSEG data shows. Earlier this year, outgoing Kraft Heinz Chief Executive Miguel Patricio said the company lost market share to a branded competitor that spent more. Unilever, Nestlé and Kraft Heinz have all pointed to a slowing of price growth in the coming year.

Persons: Kraft Heinz, Nestlé, ’, Xavier Roger, Kraft, what’s, John Furner, Miguel Patricio, Mars, ”, François, EY, George Hay, Streisand Neto, Thomas Shum Organizations: Reuters, Consumer, Kraft, Unilever, Danone, ’, United Nations, Reuters Graphics Reuters, Nestlé, Kraft Heinz, Target, Reuters Graphics, Obesity, Mondelez, Walmart, “, Thomson Locations: U.S, Europe, Australia, Norway, Chocolat, London

☆ France beats Gibraltar a record 14-0 in Euro 2024 qualifier
▼ + stars: | 2023-11-19 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

2-ranked team playing against a country ranked 198 in the world and the gulf between the two was evident on the pitch. Marcus Thuram, Jonathan Clauss, Youssouf Fofana, Adrien Rabiot, Ousmane Dembélé all scored for France, while Olivier Giroud and Kingsley Coman got two goals apiece. “Being down to 10, already with 11 it’s complicated for them, but it doesn’t take away the credit for us even if we could have been more efficient, it’s as much about respecting the opponent as scoring goals,” France manager Didier Deschamps said, per Reuters. “Fourteen is not bad.”France had 39 attempts on goal, 19 of which were on target, while Gibraltar failed to muster a chance. France, already qualified for Euro 2024 in Germany, is top of Group B while a winless Gibraltar is bottom on zero points without having yet scored a goal during qualification.

Persons: Les Bleus, Kylian Mbappé, Warren Zaïre, Emery, Philippe Lecoeur, Ethan Santos, Santos, Marcus Thuram, Jonathan Clauss, Youssouf Fofana, Adrien Rabiot, Ousmane Dembélé, Olivier Giroud, Kingsley Coman, Didier Deschamps, ” Organizations: CNN, France, European Championship, Reuters, Allianz, “, ” Locations: Gibraltar, San Marino, Nice, ” France, France, Germany

☆ Las Vegas Grand Prix: ‘Viva Las Vegas,’ sings Max Verstappen as he wins thrilling race
▼ + stars: | 2023-11-19 | by ( Aimee Lewis | ) edition.cnn.com time to read: +3 min

Unlike in many of the season’s previous races, however, Verstappen did not cruise to victory. Starting second on the grid, it wasn’t until lap 37 that the Dutchman passed Ferrari’s Charles Leclerc to take the race lead. Verstappen said afterwards that the race was “definitely a lot of fun.”“It was a tough one. I tried to go for it at the start,” he told reporters of his attempt to pass Leclerc at Turn 1. Perez, however, did secure second place in the drivers’ championship to ensure Red Bull will end the season with a one-two in the drivers’ championship for the first time.

Persons: Max Verstappen, Red Bull, Elvis Presley, Verstappen, Mike Blake, Reuters Verstappen, Sebastian Vettel, Michael Schumacher, Lewis Hamilton, Ferrari’s Charles Leclerc, Leclerc, George Russell, ”, ” Leclerc, Sergio Perez, Perez, Red, David Beckham, Jakub Porzycki, Russell, Brad Pitt, Justin Bieber, “, “ I’m Organizations: CNN, Las Vegas, Vegas, Sin City, Prix, Red Bull, Reuters, Mercedes, Hamilton, England Locations: Sin, Vegas, Austin, Miami, Turn

☆ Kevin de Bruyne: Fans went into a frenzy on social media. But soccer star denies co-writing new Drake song
▼ + stars: | 2023-11-18 | by ( Aimee Lewis | ) edition.cnn.com time to read: +1 min

CNN —When Drake released his new song “Wick Man” on Friday, eagle-eyed fans noticed a familiar name on the credit list, which prompted wild speculation on social media as to who exactly had helped the Canadian rapper pen his latest hit. De Bruyne,’ which had some on social media asking whether Belgium and Manchester City star Kevin De Bruyne had been collaborating with the rapper during his recovery from injury. Huge fan though!”The midfielder is currently sidelined with an injury sustained on the opening day of the Premier League of the season in August. De Bruyne is one of the best creative midfielders in world soccer and is the quickest player in history to record 100 assists in the Premier League. He currently has 102 Premier League assists, the fourth-highest in the league’s history.

Persons: Drake, ”, ‘, De Bruyne, Kevin De Bruyne, @Drake, it’s, Erling Haaland, “, De, Bruyne Organizations: CNN, Manchester City, Premier League of, Premier League Locations: Belgium

☆ An American woman discovered just how little geography she was taught at school when she married a Canadian
▼ + stars: | 2023-11-17 | by ( Aimee Pearcy | ) www.businessinsider.com time to read: +4 min

TikToker Sabriena Abrre said that she is embarrassed about her lack of geography knowledge. She also said her Canadian husband makes fun of her lack of competence when it comes to geography. She said that she feels frustrated as an American who is married to a Canadian who makes fun of her lack of geography knowledge and knows more about culture, history, and religion than she does. But others were baffled by Abrre's lack of knowledge and questioned why she didn't have globes or world maps in her school classrooms. Meanwhile, some viewers argued that they got their geography knowledge because they researched it in their spare time and not because they were taught it in school.

Persons: TikToker Sabriena Abrre, —, Sabriena Abrre, wasn't, it's, Abrre, Maine, hadn't, she'd, they'd, Mary Organizations: Service, New Hampshire Locations: Canadian, Canada, United States, Alaska, New, New Brunswick, Quebec, Texas, Utah, British Columbia, Vancouver, Los Angeles, California, American

☆ Biden and Xi’s warmer ties look flimsy: podcast
▼ + stars: | 2023-11-16 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

LONDON, Nov 16 (Reuters Breakingviews) - The leaders of the largest economies resumed high-level communication following years of tension. In this Viewsroom podcast, Breakingviews columnists explain how Taiwan as well as anti-China rhetoric in the lead-up to next year’s US election could undo any goodwill. Subscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Oliver Taslic Organizations: Reuters, Thomson Locations: Taiwan, China

☆ UniCredit’s Greek stake is less odd than it seems
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

But Italy’s UniCredit (CRDI.MI), which on Monday purchased 9% of Alpha Bank for about 300 million euros, should have better luck. This will include merging the lenders’ Romanian units and Alpha distributing UniCredit’s asset-management products in Greece. Probably the most reassuring news for investors in the Italian bank is that Orcel has no plans to raise its stake. UniCredit hasn’t requested regulatory permission to buy more and doesn’t envisage doing so, according to a person familiar with the matter. For shareholders, then, UniCredit’s mini-Greek adventure is unusual but easily tolerable.

Persons: Italy’s, Andrea Orcel, Crédit, Société, Orcel, UniCredit, UniCredit hasn’t, Liam Proud, Aimee Donnellan, Oliver Taslic Organizations: Reuters, Alpha Bank, Alpha, Piraeus Financial, X, SEC, Thomson Locations: Greece

The window of the British interior designer Tamsin Saunders’s childhood bedroom looked out onto the South Downs, the rolling hills that culminate abruptly in steep chalk cliffs along England’s southeast coast. The landscape’s rugged beauty instilled in her an affinity for the patterns and textures of the natural world. She spent her early years in the nearby forests, collecting fossils and gathering fragments of wood to decorate with paint. Now, at 52, Saunders is just as devoted to such foraged treasures. Home & Found, the studio she established in 2013, specializes in sensitively renovating houses — often those of artists and makers — by building on what she discovers there.

Persons: Tamsin Saunders’s, Saunders, ” Locations: British, Downs, London’s Kensington, South London, Delft

☆ Wind woe opens door for alternative green ideas: podcast
▼ + stars: | 2023-11-09 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

LONDON, Nov 9 (Reuters Breakingviews) - Shares of Orsted and Siemens Energy are being battered by their inability to boost profits. In this Viewsroom podcast, Breakingviews columnists explain how trouble in offshore wind may encourage investors to back other clean energy segments like battery storage, cables and solar. Listen to the podcastFollow @aimeedonnellan on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Oliver Taslic Organizations: Reuters, Siemens Energy, Thomson

☆ Cruise recalls all of its self driving cars to fix their programming
▼ + stars: | 2023-11-08 | by ( Manav Tanneeru | Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

CNN —Cruise, General Motors’ self-driving vehicle subsidiary, has recalled all 950 of its autonomous vehicles for a software update. Late last month, Cruise paused all its public testing operations while it investigated the incident that led to the recall. GM had announced Monday that it was pausing production test versions of the Cruise Origin, a self driving vehicle GM and Cruise designed jointly with Honda. After striking the pedestrian, the Cruise AV attempted to pull off to side of the road to avoid causing an obstruction. Cruise doesn’t sell its self-driving vehicles so all the cars are owned by either Cruise or GM, which produces the heavily modified Chevrolet Bolt electric vehicles.

Persons: CNN — Cruise, Cruise, Aimee Ridella Organizations: CNN, Motors, GM, Honda, Cruise, California Department of Motor Vehicles, National, Traffic Safety Administration, NHTSA, Chevrolet

☆ Bayer slow-motion breakup may leave clunky core
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 8 (Reuters Breakingviews) - Bayer’s (BAYGn.DE) planned surgery risks leaving an ailing rump. Valued in line with peers, Bayer’s seeds, drugs and consumer units could be worth 54 billion euros, 38 billion euros and 16 billion euros respectively, according to Breakingviews calculations using LSEG data. Take off debt and pensions, and Bayer’s equity should total nearly 60 billion euros, some 47% above its current market capitalisation. But hiving off the seeds business would leave a pharma business hitched to a consumer unit, a model shunned by rivals Pfizer (PFE.N), Sanofi (SASY.PA) and GSK (GSK.L). They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: weedkiller, Bill Anderson’s, Anderson, Aimee Donnellan, Neil Unmack, Oliver Taslic Organizations: Reuters, Pfizer, Sanofi, GSK, X, SEC, Paramount, Thomson

In a TikTok video, different generations revealed the rent prices for their first apartments. Viewers were left shocked after one baby boomer said he paid $98 per month for his first apartment. AdvertisementAdvertisementWhile a growing economy allowed the typical baby boomer to generate wealth, many millennials and Gen Zers have been weighed down by rising inflation and high rental costs. Several people argued that these prices do not account for inflation, but others pointed out that rent prices are still much higher today, even with inflation considered. Most recently, Gen Zers have been speaking out against work culture, arguing 9-to-5 schedules and in-office mandates are flawed.

Persons: boomer, Zer, Gen Zers, @captainmooseknuckless, Xer, Insider's Hillary Hoffower, Xers, Zers Organizations: Boomers, National Association of Realtors Locations: Baltimore , Maryland, Green Bay , Wisconsin, Hoboken , New Jersey, Savannah , Georgia, Denver , Colorado, Michigan, Zillow

☆ UK fashion retailer can revive discount price tag
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

LONDON, Nov 7 (Reuters Breakingviews) - Primark’s improved fast-fashion appeal can power a valuation revival. Assuming sales at the retailer were to grow 7% annually, just half of the 15% jump of last year, they would hit 9.6 billion pounds. If margins were to rise to 10%, that would add 235 million pounds to the conglomerate’s operating profit, which stood at 1.5 billion pounds last year, Breakingviews calculations show. If Primark’s input costs keep falling and it successfully expands in the U.S., it can narrow this gap. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Aimee Donnellan, Aston Martin, Lisa Jucca, Oliver Taslic Organizations: Reuters, British Foods, Foods, X, Starbucks, Paramount, Macquarie, Thomson Locations: U.S

☆ Drug shortages demand quick and costly action: podcast
▼ + stars: | 2023-11-07 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

Used blister packets that contained medicines, tablets and pills are seen in this picture illustration taken June 30, 2018. In this Exchange podcast, Dr. Steffen Denzinger, president of the European Fine Chemicals Group, argues that safeguarding medicines may require patients to pay more. Listen to the podcastFollow @aimeedonnellan on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. Editing by Oliver TaslicOur Standards: The Thomson Reuters Trust Principles. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Russell Boyce, Steffen Denzinger, Oliver Taslic Organizations: REUTERS, Reuters, European Fine Chemicals Group, Thomson

Most Americans still have to commute every day. Jenn Ackerman for The New York TimesLike a majority of Americans, Ms. Hargreaves was unable to do her work at home. Source: American Community Survey Note: Average commute length for 2020 is not included. The average commute distance changed much less, an indication that commuters are driving faster — but also, more people are driving. “A lot of our choice riders, we're still working to influence them to re-choose transit,” Ms. Tucker said.

Persons: Torie Hargreaves, Jenn Ackerman, Hargreaves, Ms, That’s, Andrea Villanueva, Villanueva, The New York Times “, ” Christopher Wiese, Dr, Wiese, “ There’s, ”, Patricia Mokhtarian, John Goodwin, Rosalind Tucker, we're, Tucker, Aimee Lee, Lee Organizations: Atlanta Washington San, Mo . Chicago Minneapolis New, Mo . Chicago Minneapolis New York City Los Angeles Philadelphia Columbus Denver, The New York Times, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle Washington Midnight, Georgia Institute of Technology, Census, New York City –, Philadelphia –, Angeles –, Francisco –, Boston –, Seattle –, Chicago –, Denver –, Kansas City –, Miami –, Houston –, Minneapolis –, Washington –, Austin –, Dallas –, Atlanta –, Charlotte –, Columbus –, Nashville –, Detroit –, BART, area’s Metropolitan Transportation Commission, Labor Department, Atlanta Regional Commission, Lifeline, Chicago Metropolitan Agency for Planning, Regional Transit Authority, % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % Locations: Atlanta Washington San Francisco Boston Kansas City, Mo . Chicago Minneapolis, Mo . Chicago Minneapolis New York, Minneapolis, postpandemic, Atlanta, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City, Atlanta Austin Boston Charlotte Chicago Columbus Dallas Denver Detroit Houston Kansas City Los Angeles Miami Minneapolis Nashville New York City Philadelphia San Francisco Seattle, South Minneapolis, North Minneapolis, Boston, Chicago , Kansas City, San Francisco, Washington, New York, Francisco, area’s

☆ Coco Gauff convincingly beaten by Jessica Pegula in all-American WTA Finals tie
▼ + stars: | 2023-11-05 | by ( Manav Tanneeru | Aimee Lewis | ) edition.cnn.com time to read: +2 min

CNN —Coco Gauff’s bid to become the first teenager since 2004 to win the WTA Finals ended in defeat after she was convincingly beaten by fellow American and doubles partner Jessica Pegula in the semifinals. Fifth seed Pegula took just an hour to complete a 6-2 6-1 win over the 19-year-old US Open champion in Cancún, Mexico. “I managed to get my act together at the end of the year,” Pegula told reporters. Spectators sit in the rain during the semifinal between Jessica Pegula and Coco Gauff. According to the WTA, Gauff would have become the first teenager since Maria Sharapova in 2004 to win the tournament.

Persons: Coco Gauff’s, Jessica Pegula, Pegula, “, ” Pegula, ”, Iga, Coco Gauff, Sarah Stier, Gauff, Maria Sharapova, Sharapova, Serena Williams, “ It’s, Laura Siegemund, Vera Zvonarava Organizations: CNN, WTA, Fifth Locations: Cancún, Mexico

☆ Isabeau Levito, 16, wins first major international figure skating competition
▼ + stars: | 2023-11-04 | by ( Manav Tanneeru | Aimee Lewis | ) edition.cnn.com time to read: +1 min

CNN —American teenager Isabeau Levito has won her first senior major international figure staking competition, claiming the Grand Prix de France title on Saturday to set up a potential US clean sweep this weekend. Despite finishing third in the Free Skate, the 16-year-old’s overall total of 203.22 was enough for victory and qualification to December’s Grand Prix Final. Thankfully for Levito, the top three from the Short Program all failed to dazzle on Saturday. Grand Prix de France is the third of the six Grands Prix of the season. The 18-year-old is in first place after the Short Program.

Persons: Isabeau Levito, Belgium’s Nina Pinzarrone, Rion Sumiyoshi, “, I’m, ” Levito, Levito, Ashley Wager, Ilia Malinin Organizations: CNN, Prix de France, Prix, Skate, NBC, Skate America Locations: Japan, Angers, France

☆ Saudi Arabia’s oil production cuts have tipped its economy into reverse
▼ + stars: | 2023-11-03 | by ( Aimee Look | ) edition.cnn.com time to read: +2 min

Abu Dhabi CNN —Saudi Arabia’s economy has jolted into reverse, after the world’s largest crude oil exporter slashed output to prop up prices. Saudi oil production to nine million barrels per day in July as the biggest player in the OPEC+ alliance joined forces with Russia to restrict supply amid signs of weakening demand because of a slowing global economy. “We expect [oil] production to remain low until the end of this year, with a slow unwind in early 2024,” Oxford Economics analysts wrote in a note published Friday. Saudi Arabia’s oil cuts were aimed at stabilizing global oil markets, according to Raif Weigert, Economics Director for the Middle East and North Africa at S&P Global Market Intelligence. While other Gulf states have also come under economic pressure from cuts to oil production, the United Arab Emirates economy has continued to grow.

Persons: Raif, Weigert, “ Organizations: Abu Dhabi CNN — Saudi, Oxford, Monetary Fund, P Global Market Intelligence, “, Saudi, United Arab Locations: Abu Dhabi, Saudi, OPEC, Russia, East, North Africa, United Arab Emirates, UAE

☆ Maersk's woes signal slow-motion industry crash
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

Boss Vincent Clerc is not alone in trying to manage a crisis that is battering the container shipping world and which analysts at DNB Markets reckon could last up to 2030. He may also suspend the company's share buyback programme which has been put under review. Investors – spoilt by 16 consecutive quarters of earnings growth up to September – knocked 17% off the company’s share price following the news. The unit, which handles container shipping, reported a 56% drop in third-quarter sales due to a steep fall in freight rates. The World Trade Organization halved its growth forecast for global goods trade this year.

Persons: Evelyn Maersk, Fabian Bimmer, Moller, Boss Vincent Clerc, –, Clerc, Pamela Barbaglia, Aston Martin, Aimee Donnellan, Streisand Neto Organizations: REUTERS, Reuters, Shipping, Maersk, World Trade Organization, X, Macquarie, Pfizer, Thomson Locations: Hamburg, Germany

☆ Japan’s rates tweak is careful and crafty: podcast
▼ + stars: | 2023-11-02 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

Breakingviews category · November 3, 2023 · 6:06 AM UTC“A billion here, a billion there”, Illinois Senator Everett Dirksen reputedly said of the U.S. budget deficit in the mid-1960s, “and pretty soon, you’re talking big money". The senator would need to do some swift recalibrations were he confronted with today’s American public finances. Last month, the Congressional Budget Office (CBO) reported that the federal budget deficit for the fiscal year ending September 30 had hit $1.7 trillion. Shortly afterwards, the International Monetary Fund forecast that the deficit will continue at the same level for at least the next five years. Meanwhile, government debt has tripled since the senator’s day to around 120% of GDP.

Persons: Everett Dirksen, you’re Organizations: Congressional, Office, International Monetary Fund Locations: Illinois

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