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☆ Tencent-backed Airwallex hits $500 million annualized sales, aims to get IPO-ready by 2026
▼ + stars: | 2024-08-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Airwallex, which was most recently valued at $5.6 billion and is backed by Tencent, has been tipped as one of many prominent fintech IPO candidates. Tencent -backed payments startup Airwallex has reached an annual revenue run rate of $500 million and will look to get ready for an initial public offering by 2026, CEO and co-founder Jack Zhang told CNBC in an exclusive interview. In the Americas region, Airwallex grew its revenue by more than 300% year-over-year, according to figures shared with CNBC. The U.K., Europe, and North America now account for more than 35% of Airwallex's overall transaction volumes, Zhang said. "In 2025, we will prepare everything, and we can decide what to do after 2026," he added.

Persons: Tencent, Jack Zhang, Zhang, Airwallex, it's Organizations: CNBC Locations: Singapore, Europe, North America, Americas, Airwallex

☆ Market Navigator: Options for Google
▼ + stars: | 2024-08-12 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket Navigator: Options for GoogleTony Zhang, OptionsPlay chief strategist, joins 'Power Lunch' to discuss the re-rating of Google.

Persons: Tony Zhang Organizations: Google

PARIS — Everywhere you looked at the 2024 Paris Games, Americans dominated. On the final day of the Games, China is leading Team USA in the medal table, with 39 golds to America’s 38. Its two golds here included the 4x100-meter medley, the first time in Olympic history that anyone had beaten the U.S. Though Russia, a longtime dominant force in the sport, was excluded from these Games, China still achieved a score that far outstripped any competitors. China has also been quick to embrace some of the newer Olympic sports including sport climbing, skateboarding, surfing and breaking.

Persons: Snoop, Lady Gaga, ”, Fang Zheng, “, it’s, ” Chen Yiwen, Oli Scarff, Zhanle, Hunter Armstrong, Caeleb Dressel, Zheng Qinwen, Jacklyn Luu, Deng Yawen, Zheng Haohao, Paris —, Ma Long, Wang Chuqin, Lintao Zhang, Erriyon Knighton, Xu Shixiao, Lindsey Wasson, Mao Zedong, Richard Nixon, Deng Xiaoping, Li Fabin, Miguel Medina, Xi Jinping, Li Xiang, ” Li Organizations: Games, . Team USA, USA, China, U.S, Doping Agency, WADA, New York Times, NBC, USA’s, Soviet Union, China’s, Association, Asian Studies, Asia, Helsinki Games, China wouldn’t, International Olympic Committee, IOC, Getty, Global Times Locations: United States, China, Paris, France, AFP, U.S, Spain, Russia, Beijing, India, USA, Soviet, Michigan, Western, Taiwan, Los Angeles, Taipei, ” Beijing

☆ What to watch at Olympics today: U.S. women’s hoops goes for gold, plus closing ceremony
▼ + stars: | 2024-08-11 | by ( Hunter Patterson | ) www.nytimes.com time to read: +6 min

The U.S. women’s basketball team looks to win gold and continue a 60-game Olympic win streak dating back to 1992. France has reached this stage once before, losing to the U.S. 86-50 in the 2012 gold medal game in London. U.S. women’s volleyball hoping for repeatHaleigh Washington serves the ball in the semifinal against Brazil. The gold medal match poses Serbia — the two-time reigning gold medalists, by the way — against Croatia. Hassan, 31, won gold in the 5,000 and 10,000 in Tokyo, and has won bronze in both here in Paris.

Persons: Sifan Hassan, A’ja Wilson, Breanna Stewart, France’s, Gabby Williams, Williams, Valériane Ayayi, Iliana Rupert, Lintao Zhang, Karch Kiraly, hasn’t, It’s, Hassan, Adam Pretty, Emil Zátopek, Mo Farah, Katie Ledecky, Nick Mead, Steph Curry Organizations: NBC, Telemundo, Peacock, USA Network, Bercy Arena, WNBA, Washington, Brazil, Americans, Tokyo Games, Serbia, USA, Sydney, U.S, Serbia —, Croatia, Stade de France — Locations: Paris, U.S, Italy, Netherlands, Belgium, Australia, France, London ., China, Poland, Brazil, Hungary, Serbia, Beijing, Rio, Czech, Helsinki, Hassan, Tokyo, Los Angeles

☆ What to watch at Olympics today: Women’s soccer, men’s hoops — and 37 other gold medal events
▼ + stars: | 2024-08-10 | by ( Lukas Weese | ) www.nytimes.com time to read: +7 min

Sophia Smith scored in extra time against Germany in the semifinals to advance to the gold medal match. A win would clinch their fifth Olympic gold medal. Bercy Arena in Paris will be loud as the home crowd looks to push France to its first gold medal. The men’s 800m, women’s javelin, women’s 100m hurdles, men’s 5000m and women’s 1500m are the other events to cap off the Paris athletics competition. #ParisOlympics 📺 NBC & Peacock pic.twitter.com/ZM6qaYCQOw — NBC Olympics & Paralympics (@NBCOlympics) August 9, 2024Sha’Carri Richardson has her gold medal.

Persons: USWNT, Trinity Rodman, Emma Hayes, Sophia Smith, Hayes ’, Rodman, Smith, Mallory Swanson —, Mallory Swanson, Sophia Smith & Trinity Rodman, @teamusa @USWNT, It’s, Marta, Stephen Curry, LeBron James, Steph Curry, Guerschon Yabusele, Isaia Cordinier, Victor Wembanyama, Joel Embiid, Les, Embiid, Gianmarco, Patrick Smith, Sydney McLaughlin, she’s, Quincy Wilson, Quincy Hall, Mutaz Barshim, Victor Montalvo, Victor, ”, Houston’s Jeffrey Louis, “, Jeffro, Louis, Lydia Ko, Pierre, Philippe Marcou, United States ’ Rose Zhang, Miyu Yamashita, Metraux, Nelly Korda, Zhang, SHA’CARRI RICHARDSON Organizations: Paris Olympics, Stade de France, NBC, Telemundo, women’s, Trinity, Japan, Germany, Brazil, Sophia Smith &, France, Bercy, U.S, NBA, Quincy, Olympic, Paris, Florida, Getty, Le, United, Team Locations: U.S, Paris, Brazil, United States, France, Serbia, Qatar, Italy, Tokyo, American, AFP

☆ I gave more attention to my demanding job than to raising my 4 kids. I'm heartbroken over what it cost me.
▼ + stars: | 2024-08-10 | by ( Robin Madell | ) www.businessinsider.com time to read: +9 min

I instantly regretted my decision because I knew my son needed me. The chances of my husband getting a job that would pay enough to cover the cost of childcare were very low. My children needed their mother, and I needed my children. When I was focused on work and they needed my attention, I would redirect them to ask their dad instead. I realize now that all those years, I was bringing my stress and fear from work into my family life.

Persons: Abigail DeGuzman, It's, I've, we're, I'm, wasn't, inattentive, —, There's, Jane Zhang Organizations: Service, Strategic, Business Locations: Brookhaven , Pennsylvania, Philippines, Atlanta, Pennsylvania, janezhang@businessinsider.com

— President Joe Biden signed the CHIPS and Science Act into law on Aug. 9, 2022, authorizing nearly $53 billion to rebuild the nation’s semiconductor industry. A Purdue University summer program gives undergrads hands-on experience in the chip-development process. The domestic semiconductor manufacturing workforce has dropped from a peak of 714,500 in 2001 to 392,100 as of July, according to government data. In addition, the CHIPS Program Office, run out of the Commerce Department, has announced major commitments for research and development, including workforce skilling, with a $5 billion package unveiled in February. Some of the students in Purdue University’s inaugural STARS program last summer, which began with about 70 trainees.

Persons: Joe Biden, Robert Zhang, doesn’t, ” Zhang, Feichi Huang, Mark Lundstrom, Purdue University Bill Wiseman, ”, Lundstrom, Sujai, Shivakumar, “, that’s, Taylor Roundtree, there’s Organizations: WEST LAFAYETTE, Purdue University, Semiconductors, Intel, Texas, STARS, Purdue, U.S, McKinsey & Co, Semiconductor Industry Association, Micron, Commerce Department, McKinsey, South, SK Hynix, Apple, Nvidia, TSMC, Center for Strategic, International Studies . Universities Locations: Ind, Syracuse , New York, Phoenix, U.S, Taiwan, Korea, Japan, Singapore, West Lafayette , Indiana, South Korean, United States, “

☆ China's city dwellers will soon have more pets than toddlers, and there's one way investors can cash in on the trend, Goldman Sachs says
▼ + stars: | 2024-08-05 | by ( Kwan Wei Kevin Tan | Aditi Bharade | ) www.businessinsider.com time to read: +6 min

Read previewChina's baby bust could see its urban pet population outnumbering the number of toddlers by 2030, investment bank Goldman Sachs wrote in a July 28 report. According to Goldman Sachs' forecasts, China will have more than 70 million urban pets by 2030. AdvertisementThe rise in pet ownership, the bank said, could help push China's pet food market to $12 billion by 2030. People having more pets than babies shouldn't be surprising considering how China is presently grappling with a demographic crisis. China's population shrank again in 2023, with the number of deaths exceeding the number of births by 2.08 million people.

Persons: —, Goldman Sachs, Lin Zhang, Zhang, Zheng Mu, Zheng, Cash, haven't, Bihan Chen, Emily Huang, Huang, Ann, Hunter van Kirk Organizations: Service, Business, country's National Bureau of Statistics, University of New, Zhang, National University of Singapore, National Association of Realtors, NAR, Bloomberg Intelligence Locations: China, country's, University of New Hampshire, Europe, East Asia

☆ Live Updates: Sunisa Lee Aims to Extend U.S. Dominance With the Uneven Bars
▼ + stars: | 2024-08-04 | by ( Juliet Macur | Maggie Astor | ) www.nytimes.com time to read: +2 min

Lee was in tears in Tokyo because she had come to win gold on the bars, her signature event. Qiu Qiyuan of China, the world champion on the uneven bars in 2023, was second, with 15.066. Here is what else to know: The uneven bars final will be begin at 3:40 p.m. Paris time. China has two gymnasts in the bars final, Qiu Qiyuan and Zhang Yihan. They have a chance to win their country’s first medal in women’s gymnastics at the Paris Games.

Persons: Lee, Simone Biles, Lee —, Kaylia Nemour, Qiu Qiyuan, NBCOlympics.com, Becky Downie, Josh, Zhang Yihan Organizations: Tokyo, New York Times, International Gymnastics Federation, Paris Games, Britain, Summer, Tokyo Games Locations: Tokyo, Algeria, China, Paris

☆ China snaps U.S. men’s streak in Olympic medley relay, closing swim slate full of questions with second gold
▼ + stars: | 2024-08-04 | by ( Lauren Merola | ) www.nytimes.com time to read: +5 min

Pan won the other gold by setting a world record in the 100-meter free Wednesday. China won 12 swimming medals in Paris, doubling its tally from Tokyo, though finishing with one fewer gold. Some of the athletes who tested positive went on to medal in Tokyo. Who knows?”AdvertisementThe Chinese swimmers were not shielded from the questions. Pan, the two-time gold medalist, was not one of the 23 swimmers who tested positive before Tokyo.

Persons: Pan Zhanle, Pan, WADA, Katie Ledecky, ” Ledecky, that’s, there’s, Adam Peaty, we’ve, ”, “, Kyle Chalmers, Chalmers, “ I’m, ” Chalmers, Zhang Yufei, they’ve, Adam Pretty Organizations: China, Tokyo Games, France, The New York Times, ARD, Tokyo, Doping Agency, Associated Press, Guardian, TMZ, Games, AP, New York Times Locations: United States, China, Great Britain, Paris, Tokyo, German, —, Shanghai

☆ China doping controversy casts a shadow over Olympic swimming
▼ + stars: | 2024-08-01 | by ( Simone Mccarthy | Andrew Mcnicol | ) edition.cnn.com time to read: +8 min

The global sports doping watchdog World Anti-Doping Agency (WADA) accepted the assessment without an appeal. Concern only deepened Tuesday, after WADA acknowledged a separate 2022 case in which two Chinese swimmers tested positive for “trace amounts of a prohibited substance metandienone,” a banned anabolic steroid. “I feel so wronged,” said Zhang, denying that Chinese swimmers engaged in doping. The 2022 case, reported by the Times earlier this week, involves a swimmer on the Chinese roster in Paris, according to the paper. Personally, I believe that seven doping tests in one day might have disrupted our Chinese swimming team,” Gao wrote on Weibo.

Persons: Zhang Yufei, Zhang, ”, WADA, CHINADA –, Travis Tygart, “, it’s, CHINADA, Pan, Jonathan Nackstrand, China’s Pan Zhanle, Gao Min, Qin Haiyang’s, ” Gao, Yu Liang, they’ve Organizations: Hong Kong CNN —, Paris Olympics, Tokyo, China’s, Doping Agency, Tokyo Games, New York Times, ARD, Times, CNN, Getty, Aquatics, Paris Olympic, ’, China national, commentors Locations: Hong Kong, China, United States, Australia, Beijing, Paris, AFP, Tokyo, Weibo, France

☆ Summer McIntosh, 17, wins ‘surreal’ second gold medal of the Paris Olympics with 200m butterfly victory
▼ + stars: | 2024-08-01 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

Paris CNN —The Paris Olympics are not yet one week old but 17-year-old Summer McIntosh already has two gold medals. As for McIntosh, she climbed out of the pool, raised a hand to the crowd, and was met with a roar of approval. A few weeks short of her 18th birthday, she is fast becoming a star of the Paris Olympics. “Pretty surreal, I’m really happy with the time,” McIntosh told reporters after the race. “It’s pretty cool winning the 200 fly because that, by far, was her main event,” added McIntosh.

Persons: Summer McIntosh, Games –, McIntosh, Regan Smith, China’s Zhang Yufei, ” McIntosh, Oli Scarff, Jill Horstead, “, ”, Zhang, Smith, François, Xavier Marit, It’s Organizations: Paris CNN —, Games, Paris, Getty, Tokyo, Canadian Locations: Paris, AFP, Tokyo

☆ This energy stock is set for a breakout with oil on the rise again. How to play it with options
▼ + stars: | 2024-07-31 | by ( Tony Zhang | ) www.cnbc.com time to read: +2 min

As oil rebounds following oversold conditions, it provides an opportunity for buyers to step in, especially with the potential for geopolitical tensions to rise. And one energy stock that looks set up to potentially break out is Phillips 66 (PSX) after largely trading in a range since February. However, it is now just starting to break out from that trading range and starts to target the $170 highs as upside targets. With a higher debt to equity ratio, PSX has a higher implied leverage than its peers, which provides a higher upside potential if oil prices recover from its recent pullback. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Phillips, PSX Organizations: CNBC, NBC UNIVERSAL

☆ No, You Can’t Beat an Olympic Table Tennis Player
▼ + stars: | 2024-07-30 | by ( Andrew Keh | Chang W. Lee | ) www.nytimes.com time to read: +1 min

Lily Zhang and three teammates from the United States table tennis team were hanging out on a large boat last Friday, making small talk with the N.B.A. star Stephen Curry — as one does at an Olympic opening ceremony — when he asked what sport they played. Moments later, the four table tennis players found themselves engaged in a brief but spirited debate with Curry and his teammate Anthony Edwards about whether Edwards, one of basketball’s brightest young talents, could notch a point against them on the table. On one hand, the table tennis players said, it was one of those extraordinary, and extraordinarily funny, interactions that can happen only at the Olympics. On the other hand, they said, they have interactions like this all the time.

Persons: Lily Zhang, Stephen Curry —, ” Curry, Curry, Anthony Edwards, Edwards Locations: United States

But, as events this week in Paris have once again shown, when it comes to women’s skating, Japan’s teenage girls are on fire. Fourteen-year-old Coco Yoshizawa’s late surge helped her beat compatriot Liz Akama, 15, to the gold medal at La Concorde Urban Park, Paris on Sunday. Sakura Yosozumi, then 19, and Kokona Hiraki, then 12, topped the 2021 Tokyo women’s park event. “Since there’s no age limit for skateboarding at the Olympics, any youngsters can compete,” Hiraki, the youngest Olympic medalist since 1936, told CNN in July. Lars Baron/Getty ImagesSkewing youngJapan aside, women’s skateboarding across both categories is dominated by teenage athletes.

Persons: Coco Yoshizawa’s, Liz Akama, ” Yoshizawa, Yuto Horigame, Jagger Eaton, Nyjah Huston, Horigame, Momoji Nishiya, Sakura Yosozumi, Kokona Hiraki, Brown, ” Hiraki, Julian Finney, ”, Junnosuke Yonesaka, Yonesaka, “, ” Akama, Lars Baron, Rayssa Leal, Cui Chenxi, Zhang Haohao, ’, China’s, Mazel Paris Alegado, Trew, Hiraki –, –, it’s Organizations: CNN, Team Japan, Concorde Urban, “, Paris Olympics, Tokyo Games, Urban Sports, Olympic, Concorde, Getty, Japan, Association, Paris, Asian Games Locations: Japan, Paris, Tokyo, France, China, Philippines

☆ The 500-year-old Southeast Asian sweet preserving a nearly forgotten culture
▼ + stars: | 2024-07-29 | by ( Nikita Grant | Teresa Zhang | ) www.businessinsider.com time to read: 1 min

Kim Choo Kueh Chang has been serving bite-sized treats called Nyonya kueh in Singapore since 1945. These colorful snacks are a staple for the Peranakan people — a cultural group prominent between the 15th and early 20th centuries that's working to be remembered. But as the popularity of Nyonya kueh increases, some shopkeepers fear its Peranakan roots will be forgotten. We went to Singapore to see how Peranakan culture and the art of making Nyonya kueh is still standing. This story is available exclusively to Business Insider subscribers.

Persons: Kim Choo Kueh Chang Organizations: Business Locations: Singapore

☆ How Dutch shoemakers keep an 850-year-old clog tradition alive
▼ + stars: | 2024-07-29 | by ( Liz Kraker | Teresa Zhang | ) www.businessinsider.com time to read: 1 min

There are only 10 clog makers left in the Netherlands hand-carving wooden shoes. And there are even fewer clog painters. At one of the oldest clog studios still standing, Martin Dijkman recreates Dutch masterpieces out of thousands of miniature clogs. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now.

Persons: they've, Martin Dijkman Organizations: Business Locations: Netherlands

☆ Analyst blasts American Airlines for troubling 'lack of vigor' and action to improve financial performance
▼ + stars: | 2024-07-29 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +3 min

Read previewJP Morgan analysts say American Airlines leadership isn't doing enough to shore up profits, calm anxious investors, and improve stock performance after disappointing second-quarter results. American Airlines executives plan to lean on additional earnings from a recently revamped ticket distribution strategy as part of a turnaround strategy. AdvertisementThe disastrous policies cost the company $750 million in lost revenue during the first half of the year, American Airlines CEO Robert Isom said during the earnings call on Thursday. American Airlines did not respond to a request for comment. Second-quarter earnings for American, Delta, and United all fell short of Wall Street expectations.

Persons: —, Morgan, they'd, JP Morgan, Jamie Baker, Baker, Robert Isom, JP, uninspiring, Scott Kirby Organizations: Service, American Airlines, Business, . American Airlines, United Airlines Locations: United

☆ I drove a $71,000 Genesis GV60 electric SUV. It's a luxurious delight that I wished had more range
▼ + stars: | 2024-07-28 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

The Genesis GV60 Performance is a compact luxury electric SUV that debuted in 2023. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementGiven the popularity of compact luxury SUVs, it was inevitable that the segment would also blossom in the EV space. One of the latest entrants to the segment is the GV60, Hyundai's growing Genesis luxury brand. The Genesis GV60 debuted in 2023 and carries over unchanged for 2024.

Persons: —, Hyundai's Organizations: Service, Tesla, Mercedes, Benz

☆ Chinese Swimmer Denies Cheating in First Public Comments on Doping Case
▼ + stars: | 2024-07-27 | by ( Jenny Vrentas | ) www.nytimes.com time to read: 1 min

An Olympic swimming champion who was one of 23 Chinese athletes who tested positive for a banned substance before the last Summer Olympics said on Saturday that they had been wrongly accused of doping and insisted that China would never allow any athlete to use performance-enhancing drugs. The remarks by the swimmer, Zhang Yufei, were the first public comments by a member of the Chinese swimming team at the center of the doping scandal, which has brought anger, accusations and resentment to the Paris Olympics, the sport’s grandest stage. “I don’t think any athlete, Chinese or non-Chinese, would want to destroy the work they built up every day over the years on doping,” Zhang said at the Olympic pool after a fast swim in a morning race on the opening day of the swimming competition. The Chinese government, she said, “also does not allow us to dope on purpose.”

Persons: Zhang Yufei, ” Zhang, “ Organizations: Paris Olympics Locations: China

☆ The history of Virgin Atlantic: How a record executive took on the airline establishment and won.
▼ + stars: | 2024-07-26 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

Virgin Records founder Sir Richard Branson started Virgin Atlantic Airways in 1984. The airline survived growing pains and financial strife to become a major transatlantic carrier. Virgin Atlantic celebrated the 40th anniversary of its maiden flight in June. AdvertisementIn June 2024, Virgin Atlantic Airways celebrated the 40th anniversary of its first flight. Today, as one of Great Britain's two flag carriers, along with British Airways, Virgin Atlantic and its instantly recognizable livery are mainstays at major airports around the world.

Persons: Sir Richard Branson, —, Richard Branson Organizations: Virgin Records, Virgin Atlantic Airways, Virgin Atlantic, Service, British Airways, Business

Ms. Harris was receiving 93 percent support from Democrats, the same share that Mr. Trump was getting from Republicans. Overall, Mr. Trump leads Ms. Harris 48 percent to 47 percent among likely voters in a head-to-head match. Mr. Trump leads Ms. Harris 48 percent to 46 percent among registered voters. The country’s view of Ms. Harris has also brightened, with her favorable rating rising by 10 percentage points since February. In a multicandidate race, less than a single percentage point separated Mr. Trump and Ms. Harris, with Ms. Harris at 44 percent and Mr. Trump at 43 percent after rounding.

Persons: Kamala Harris, Donald Trump, Donald J, Trump, Biden, Harris, Nate Cohn, Mr, Erin Schaff, Harris’s, JD Vance, Ohio, “, ”, Summer Nesbitt, Nesbitt, Biden’s, Trump’s, … Donald Trump, Joe Biden, Harris —, don’t, Eddie Otzoy, Hillary Clinton, Michael Newman, —, Robert F, Kennedy Jr, ” Harris Trump, Christine Zhang Organizations: New York Times, Siena College, Democratic Party, Democratic, Mr, Republicans, Times, Credit, The New York Times, Sun, Republican National Convention, Trump, Siena, “, Democrats Locations: Siena, Atlanta, Nevada , Arizona, Georgia, Detroit, Pennsylvania, Los Angeles, Arlington , Texas

☆ 5 takeaways from the opening ceremony of the 2024 Paris Olympics
▼ + stars: | 2024-07-26 | by ( Kyle Feldscher | ) edition.cnn.com time to read: +9 min

Paris shows offIt wasn’t exactly the night that Paris 2024 organizers would have hoped for (more on that in a moment). Celine Dion returns in stunning fashionThis handout released by the Olympic Broadcasting Services, shows a view of singer Celine Dion performing on the Eiffel Tower during the opening ceremony of the Paris 2024 Olympic Games Paris 2024 on July 26, 2024 in Paris, France. Musicians from Gojira, a heavy metal band, perform during the opening ceremony of the Paris 2024 Olympic Games in Paris, France, on July 26. A most magnificent cauldron lightingThe torchbearers French former sprinter Marie-Jose Perec and French judoka Teddy Riner arrive to light the Olympic cauldron during the opening ceremony of the Paris 2024 Olympic Games in Paris on July 26, 2024. Mohd Rasfan/AFP/Getty ImagesThe 2024 Games promised an opening ceremony unlike any other and it delivered – including on the incredible cauldron lighting.

Persons: Marie, Lady Gaga, Franck Fife, –, Celine Dion, Dion, ”, Marie Antoinettes, Zhang Yuwei, John Lennon’s “, Jose Perec, Teddy Riner, Mohd Rasfan, Zinedine Zidane, Rafael Nadal, Serena Williams, Nadal, Carl Lewis, Tony Parker, José Pérec, Sandee LaMotte Organizations: Paris CNN, Olympic Games, of, Nations, Eiffel, of Nations, Olympic Broadcasting Services, Paris, IOC, US Food and Drug Administration, Gojira, Olympic, Getty, Games Locations: Paris, of Light, Seine, France, French, AFP

☆ Southwest ditching its unassigned seat policy shows how budget airlines' business models are getting upended
▼ + stars: | 2024-07-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, Southwest ditching its unassigned seat policy is a sign of the end times for budget airlines as we know it. Southwest Airlines is ending its open seating policy , opting for assigned and premium seating options. Between paid seat assignments and premium seating, Southwest could add as much as $3 billion in new revenue, according to one analyst. AdvertisementKevin Carter/Getty ImagesThe real pain of the current travel landscape is being felt by budget airlines. That's why Southwest's decision to end its open seating policy could be a sign of the end of budget airlines as we know it, writes BI's Taylor Rains and Pete Syme.

Persons: —, Chelsea Jia Feng, Elliott Management's, wasn't, Insider's Benjamin Zhang, Kevin Carter, BI's Taylor Rains, Pete Syme, Bob Jordan, Goldman Sachs, Jenny Chang, Rodriguez, Prince Williams, Getty, Griffin, Tyler Le, NKSFB, Chris Brown, Rupert Murdoch, Murdoch, they're, They're, Claudia Sahm, Donald Trump, Benjamin Netanyahu, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Southwest Airlines, Southwest, Southwest isn't, Bank of America, Getty, Bauer, Fox, News Corp, Mar Locations: Southwest, —, Taylor, Los Angeles, Lago, New York, London

☆ NORAD says it tracked Chinese and Russian long-range bombers off Alaska
▼ + stars: | 2024-07-25 | by ( ) www.cnbc.com time to read: +3 min

Two Chinese and two Russian long-range bombers were tracked flying over international waters near Alaska and U.S. and Canadian fighter jets were sent up in response, their joint aerospace command said. The Chinese and Russian military activity Wednesday was not seen as a threat, the North American Aerospace Defense Command, known as NORAD, said. China and Russia confirmed Thursday that they had conducted a joint air patrol over the Bering Sea, which divides Russia and Alaska. Russian fighter jets and strategic bombers were joined by Chinese strategic bombers in the exercises, which lasted more than five hours, the ministry said. A photo released by the Russian Defense Ministry showed a Russian Su-30 fighter jet escorting a Chinese bomber.

Persons: Vladimir Putin, Xi Jinping, Zhang Xiaogang, Zhang Organizations: Sputnik, of, North American Aerospace Defense Command, NORAD, Russian Defense Ministry, China's Defense Ministry, North American U.S . Air Defense, Japan's Defense Ministry, Coast Guard Locations: Russian, Tiananmen, Beijing, Alaska, U.S, Canadian, China, Russia, Bering, North America, Pacific, Chukchi, Bering Strait, Japan, Korea

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