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☆ A Norwegian fisherman accidentally caught a US submarine in his nets
▼ + stars: | 2024-11-14 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

A Norwegian fisherman caught a US submarine in his nets this week. The US Navy has sent several vessels into nearby waters in recent months amid tensions with Russia. AdvertisementA Norwegian fisherman made a surprising catch on Monday in the form of a US submarine. In June, the Ohio-class ballistic missile submarine USS Tennessee and the cruiser USS Normandy were deployed to the Norwegian Sea in response to Russian maneuvers, defense news site Army Recognition reported. AdvertisementIn September, US lawmakers expressed concerns about delays and soaring costs in building new vessels, including Virginia-class submarines, particularly in light of China's recent naval expansions.

Persons: —, Harald Engen, Engen, Pierson Hawkins, Hawkins, Harry S, Wales, Jason Dunham, USS Stout, Ken Calvert Organizations: US Navy, Service, NRK, Norwegian Coast Guard, Barents Observer, Fleet, Forces, Truman Carrier Strike, British, USS, US Naval Forces Locations: Norwegian, Russia, Malangen, Norway's, Virginia, Tromsø, Norway, Ohio, Tennessee, Normandy, Barents, US Naval Forces Europe, Africa

☆ SoftBank-backed fintech Zopa aims to double profit this year as it eyes 2025 current account launch
▼ + stars: | 2024-11-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

LISBON, Portugal — British online lender Zopa is on track to double profits and increase annual revenue by more than a third this year amid bumper demand for its banking services, the company's CEO told CNBC. Zopa posted revenues of £222 million ($281.7 million) in 2023 and is expecting to cross the £300 million revenue milestone this year — that would mark a 35% annual jump. The firm also says it is on track to increase pre-tax profits twofold in 2024, after hitting £15.8 million last year. In 2024, we've hit or exceeded the plans across all metrics," CEO Jaidev Janardana told CNBC in an interview Wednesday. He said the strong performance is coming off the back of gradually improving sentiment in the U.K. economy, where Zopa operates exclusively.

Persons: Zopa, we've, Jaidev Janardana Organizations: CNBC, Zopa Locations: LISBON, Portugal, British, U.K

☆ This 145-year-old British engineering firm is set to benefit from an onshoring and automation trend — with analysts giving the stock 60% upside
▼ + stars: | 2024-11-14 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

A 145-year-old British industrial company is positioned to capitalize on major trends, including the reshoring of manufacturing and increased defense spending, according to analysts at Shore Capital. London-listed Renold plc , which traces its roots to 1879 and Hans Renold , the inventor of roller chains, is the world's second-largest industrial chain manufacturer. Shore Capital has a "buy" rating and a target price of 90 pence per share, which points to more than 60% upside from the current share price of 55 pence. U.K. shares are generally priced in pence, with 100 pence equal to one British pound ($1.27). In September, Renold acquired MAC Chain Company for $31.4 million, expanding its presence in the United States and Canada even further.

Persons: Hans Renold, Donald Trump, Akhil Patel, Renold, Robert Purcell Organizations: Shore Capital ., Renold, Shore Capital, Shore, MAC Chain Company, The Shore Capital Locations: Shore Capital . London, Manchester, U.S, China, United States, United Kingdom, Australia, Canada

☆ I moved from New York City to London. The job hunt was a culture shock but it was worth it for the healthcare and work-life balance.
▼ + stars: | 2024-11-14 | by ( Pooja Shah | ) www.businessinsider.com time to read: +6 min

When I moved to London with my husband just almost two years ago it was a major culture shock. Job hunting and finding friends was a challenge, but the free healthcare has been invaluable. The job hunt was a culture shock for meAs a New York-qualified attorney, I was used to a competitive job hunt involving dozens of applications, multiple interviews, and aggressive salary negotiations. But London's work-life balance has been a huge reliefI'm not burned out from work in London like I was in NYC. Though I miss my family and friends in New York City, London is now home for the foreseeable future.

Persons: Pooja Shah I, Pooja Shah, It's, aren't, I've, I'm Organizations: National Health Service Locations: New Yorker, London, Queens, Flushing, New York, East, Asia, New York City

☆ Embattled fashion house Burberry reveals massive overhaul sending shares to an all-time high
▼ + stars: | 2024-11-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Analysts responded positively to the news, pointing to a potential "turning point" for the embattled brand. The plans were delivered alongside Burberry's 2024 interim results, which saw sales fall 20% for the second consecutive quarter. A 'turning point' for embattled BurberryThe underperformance comes amid a wider slowdown in the luxury sector, with the personal luxury goods market set to contract 2% this year. Mamta Valechha, consumer discretionary analyst at Quilter Cheviot, described it as a "turning point in what has been a very difficult period." Pedestrians walk past the window display of the store of British fashion label Burberry, in central London, on September 2, 2024.

Persons: Kevin Lee, Schulman, Joshua Schulman, Michael Kors, Burberry, Burberry Schulman, Burberry's, Piral Dadhania, Dadhania, Mamta, Cheviot, Henry Nicholls Organizations: Getty, Burberry, RBC Capital Markets, Afp Locations: Shanghai, London

☆ Loss-making Burberry puts focus back on trench coats in a turnaround plan
▼ + stars: | 2024-11-14 | by ( ) edition.cnn.com time to read: +3 min

Burberry will use its British heritage appeal to win back customers by focusing on trench coats and scarves and be less ambitious with prices on bags and shoes, the loss-making luxury brand said in a revamp that sent its shares up sharply. “We took pricing too high across the board,” Schulman told investors and analysts, setting out his assessment of what went wrong at Burberry. Pricing strategy shiftSchulman told reporters Burberry would add more lower-priced “entry-level” products to its range as part of a pricing shift. But he said Burberry’s positioning would remain in luxury and there were no plans to make it an “accessible” luxury brand. Leather goods and shoes underperformed in the first half, Burberry said, while outerwear did better than average.

Persons: Joshua Schulman, “, ” Schulman, Burberry, Cara Delevingne, Little Simz, Olivia Colman, Schulman, Michael Kors, Daniel Lee, outerwear, Italy’s Moncler Organizations: Burberry Locations: China, outerwear, Bottega

☆ King Charles marks 76th birthday at ‘surplus food festival’
▼ + stars: | 2024-11-14 | by ( Lauren Said-Moorhouse | ) edition.cnn.com time to read: +3 min

London CNN —King Charles III has marked his 76th birthday on Thursday by opening two food distribution hubs, as part of his Coronation Food Project that he launched a year ago in the hopes of bridging the gap between food poverty and food waste. Charles visited one of the new hubs in south London, which is hosting a “surplus food festival” where meals will be made using food that might otherwise have gone to waste. Since it was launched, the food project has worked with local charities FareShare and the Felix Project, and saved 940 tons of surplus food - the equivalent of 2.2 million meals. Charles speaks with staff at the new distribution center, designed to save and circulate surplus food and to support communities in need. King Charles treats his actual birthday in November like a normal working day, but the bonus of being the monarch means that he actually gets two.

Persons: London CNN — King Charles III, Charles, King, Sadiq Khan, Felix, Justin Tallis, “, Princess, Wales, King Charles, King George II, George III Organizations: London CNN, Food, London, Getty, Royal, Commonwealth, King’s, Royal Horse Artillery, Honourable Artillery Company, CNN’s Royal, Guard’s Locations: London, Merseyside, England, United Kingdom, Samoa, Green Park, Westminster, Buckingham Palace

☆ Burberry launches urgent turnaround plan to save the brand
▼ + stars: | 2024-11-14 | by ( Maria Noyen | ) www.businessinsider.com time to read: +2 min

AdvertisementBurberry's CEO Joshua Schulman says the brand is undergoing an urgent "course correct." The strategy aim comes as the luxury brand reports revenue plummeted 22% in its interim results. Things have gone from bad to worse at Burberry, the beleaguered British luxury brand. Dubbing the strategic shift "Burberry Forward," the market has responded positively, with shares rising 14% in early trading on Thursday. Cara Delevigne is a longtime Burberry brand ambassador and stars in one of its new campaigns.

Persons: Joshua Schulman, Burberry, Schulman, Jelena Sokolova, I've, Louis Vuitton, Cara Delevigne, Lexie Moreland, Barry Keoghan, Jonathan Akeroyd Organizations: Burberry, Morningstar, Getty, British, Moncler Locations: British, WWD, China

☆ Prince William wants to put a smaller 'r' in royal. Here's what that means.
▼ + stars: | 2024-11-12 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +4 min

LONDON — The "r" in royal will soon exclusively be lowercase — in spirit, at least. William added: “And I’m also going to throw empathy in there as well, because I really care about what I do. But, you know, if you look less royal, then what’s the point of being a royal?” Smith said. He was joined by William and Princess Kate, who has slowly returned to public duties following her treatment for cancer. Queen Camilla missed the occasion after falling ill with a chest infection that forced her to withdraw from public duties.

Persons: Prince William, King Charles III, Princess Diana, ”, Queen Elizabeth II, William, I’m, ” William, Prince, Wales, Daisy McAndrew, “, Graham Smith, Prince Harry’s, Harry, ” Smith, McAndrew, ” McAndrew, Smith, “ It’s, It’s, Charles, Princess Kate, Queen Camilla Organizations: “, Sky News, NBC, Commonwealth Locations: British, South Africa, Cape Town, United States, Britain, Kensington, London, United Kingdom

☆ Small fraction of essential aid is entering Gaza, U.N. warns ahead of U.S. deadline
▼ + stars: | 2024-11-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Abigail-Williams-Circle-Byline-Template.Jpg | Abigail Williams | ) www.nbcnews.com time to read: 1 min

As Israel faced a U.S. deadline to ramp up access to aid in Gaza on Tuesday, leading humanitarians were warning that only a fraction of the desperately needed help was reaching the Palestinian enclave. An average of just over 30 trucks a day have been let into Gaza in recent weeks, representing “just over six percent of the daily needs,” according to Philippe Lazzarini, commissioner-general of the United Nations agency assisting Palestinian refugees, UNRWA. “What is being allowed into Gaza is not enough,” he wrote in a post on X on Friday. Before Israel launched its offensive in Gaza, around 500 trucks entered the enclave each day, according to the British Red Cross. Lazzarini's warning came ahead of the deadline set by Washington for Israel to meet a host of requirements aimed at boosting aid into Gaza or face restrictions on U.S. military assistance, as required under U.S. law.

Persons: Israel, Philippe Lazzarini, ” Organizations: United Nations, UNRWA, Israel Locations: U.S, Gaza, “, British, Washington, Israel

☆ Archbishop of Canterbury resigns amid abuse scandal
▼ + stars: | 2024-11-12 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +2 min

LONDON — Archbishop of Canterbury Justin Welby, the spiritual leader of the global Anglican church, resigned Tuesday after an investigation found that he failed to promptly report serial physical and sexual abuse by a volunteer at Christian summer camps. Welby said in a statement that he was stepping down "in sorrow" and "having sought the gracious permission of His Majesty The King." In his resignation letter, Welby acknowledged “personal and institutional responsibility” for “wrongly” believing that there wasn’t a need to make a formal report to police on the case in 2013. The church should have “properly and effectively” reported Smyth to the relevant authorities, the report found. A petition calling for Welby's resignation, created by members of the national assembly of the Church of England, the General Synod, had reached over 13,000 signatures at the time of his announcement on Tuesday.

Persons: Canterbury Justin Welby, Welby, ”, “, John Smyth, Smyth, Stephen Cottrell, Keir Starmer Organizations: LONDON, of England, British Locations: United Kingdom, Africa, Canterbury

HONG KONG — Hong Kong’s top leader on Tuesday warned President-elect Donald Trump not to interfere in the Chinese territory’s internal affairs after he said he would “100%” free the imprisoned pro-democracy activist and tycoon Jimmy Lai. He said Hong Kong, whose government denies that judicial independence is under threat, also valued the rule of law. “In these respects, I hope that all countries will respect the Hong Kong Special Administrative Region and avoid political interference that could affect the judiciary and normal commercial activities in Hong Kong,” he said. Hong Kong also enacted its own national security legislation in March. Pro-democracy activist Jimmy Lai being escorted out of court in Hong Kong in 2021.

Persons: Hong Kong’s, Donald Trump, Jimmy Lai, Lai, Hong, Trump, Hugh Hewitt, I’ll, Lee, ”, “, Hong Kong, . Lai, John Burns, ” Burns, ” Lai, Burns, Sen, Marco Rubio, ” Lee Organizations: Apple, Hong, Administrative, AFP, Getty, University of Hong, NBC News, “, Trump, Republican, Fraser Institute Locations: HONG KONG, Hong, China, Hong Kong, United States, U.S, Beijing, British, ., University of Hong Kong, ” Hong Kong, Washington , New York, San Francisco, Vancouver, Singapore

☆ Indonesia’s new leader posted video of his congratulatory call with Trump. Both lavished each other with praise
▼ + stars: | 2024-11-12 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —Indonesia’s new President Prabowo Subianto posted a video of his phone call congratulating Donald Trump on his reelection, during which the former special forces commander referenced his American “training” and called the US-president elect “sir” multiple times. Prabowo, who is in Washington for an official visit, posted the almost three-minute phone conversation on his official social media channels Monday and said he would like to “call personally” on Trump. “Wherever you are I’m willing to fly to congratulate you personally, sir,” Prabowo said in the video. It’s not easy,” Trump told Prabowo. “The most important objective of democracy is giving people the leaders and representatives they want,” Prabowo told reporters from his swimming pool.

Persons: CNN —, Prabowo Subianto, Donald Trump, “, Prabowo, ” Prabowo, Trump, Joe Biden, scrutinizing, ”, ” Trump, Xi Jinping, Keir Starmer, Joko, Suharto Organizations: CNN, Trump, White, he’s, Soviet, Reuters, Pacific Cooperation, British, News Agency Locations: Washington, Indonesia, United States, Indonesian, Washington , DC, Asia, Beijing, China, Peru, Brazil, Jakarta, Prabowo, London

☆ Justin Welby: Archbishop of Canterbury resigns over handling of church child abuse case
▼ + stars: | 2024-11-12 | by ( Sana Noor Haq | Christopher Lamb | ) edition.cnn.com time to read: +3 min

CNN —Archbishop of Canterbury Justin Welby, the most senior leader in the Church of England, has resigned over his handling of a child abuse case, according to his official account. “Having sought the gracious permission of His Majesty The King, I have decided to resign as Archbishop of Canterbury,” Welby said in a statement on Tuesday. Pressure had been mounting on Welby in recent days, following an independent review into “sickening abuse” committed by John Smyth, a deceased British lawyer considered the worst serial abuser linked to the Church of England. The pair exchanged Christmas cards and Welby donated small sums of money to his “missions” in Zimbabwe. Until now, there’s been no historical precedent for an Archbishop of Canterbury resigning over child abuse.

Persons: Canterbury Justin Welby, “, of Canterbury, ” Welby, Welby, ”, John Smyth, Smyth, Justin Welby, Newcastle, Helen, Ann Hartley, George Carey, of Lincoln, there’s, Canterbury Organizations: CNN, of England, Makin Locations: British, England, Zimbabwe, South Africa, ”, “

"Food Wars" hosts Harry Kersh and Joe Avella travel across New Orleans to find the best po'boy in the city. They'll be visiting four locations in just one day to see what the city has to offer. This is "Food Tours."

Persons: Harry Kersh, Joe Avella Locations: New Orleans

☆ Booker Prize 2024: Samantha Harvey’s space-station novel ‘Orbital’ wins annual literature award
▼ + stars: | 2024-11-12 | by ( Associated Press | ) edition.cnn.com time to read: +4 min

London AP —British writer Samantha Harvey won the Booker Prize for fiction on Tuesday with “Orbital,” a short, wonder-filled novel set aboard the International Space Station that ponders the beauty and fragility of Earth. The prize is open to English-language writers of any nationality and has a reputation for transforming writers’ careers. De Waal praised the “crystalline” writing and “capaciousness” of Harvey’s succinct novel — at 136 pages in its UK paperback edition, one of the shortest-ever Booker winners. Harvey is the first female Booker winner since 2019, though one of five women on this year’s shortlist, the largest number in the prize’s 55-year history. Founded in 1969, the Booker Prize is open to novels originally written in English published in the UK or Ireland.

Persons: Samantha Harvey, Booker, Harvey, ”, Edmund de Waal, ” Gaby Wood, ” Harvey, Ian McEwan, Margaret Atwood, Salman Rushdie, Hilary, Waal, Percival Everett, “ James, Twain’s, Huckleberry Finn ”, Jim, Rachel Kushner’s, Canadian Anne Michaels, Charlotte Wood’s, Yael van der, De Waal, Paul Lynch, ” Lynch Organizations: London AP, Space, Prize Foundation, Ireland Locations: British, Canada, United States, Australia, Netherlands, Canadian, London, Japan

☆ My mother-in-law and I went on our first trip together. We needed it more than we realized.
▼ + stars: | 2024-11-12 | by ( Terri Peters | ) www.businessinsider.com time to read: +6 min

We had a great time on our trip together, and both of us needed it more than we realized. Courtesy of Terri PetersMy mother-in-law and I have different interests: I love reading and Taylor Swift, and she loves watching British detective shows, for example. We had great conversations and made lasting memoriesThe author and her mother-in-law enjoyed their time in Silver Dollar City. Courtesy of Terri PetersMy mother-in-law lost her husband in March 2022, and in March 2023, one of her three adult sons also died. I didn't realize I needed a getaway with just my mother-in-law, either.

Persons: —, I've, I'm, we've, Joe Cafe, Terri Peters, Taylor Swift, Branson, she's, — she's Organizations: Service, Silver Dollar Locations: Branson , Missouri, Branson, Branson .

☆ England’s first luxury sleeper train is a garden party on wheels
▼ + stars: | 2024-11-12 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

London CNN —Britain, birthplace of rail transport, will get its first ever luxury sleeper train touring England and Wales next summer. The 18 cabins, including three grand suites and 15 suites, will be of an exquisite opulence not before seen on Britain’s rails. The unique charm of train travel compared to other luxury transport options, however, is the sociability. The Cornwall itinerary, in England’s southwest tip, takes in the rugged coastline of Penzance and the charming villages surrounding Lostwithiel. The Lake District, regarded by many as England’s finest natural wonder, is filled with dramatic peaks and serene bodies of water.

Persons: Ottavia, Palomba, lounging, Simon Rogan, ”, Rogan, Richard Trevithick Organizations: CNN, London CNN, Wales, Albion Nord, Rail Locations: London, Britain, England, Cornwall, Lake District, Wales, Belmond, British, Victorian, Britain’s, South Wales, England’s, Penzance, Lake, Snowdonia, Pembrokeshire

☆ Apple is making it easier to find your lost luggage by letting you share AirTag tracking info with airlines
▼ + stars: | 2024-11-12 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Apple announced a feature to share AirTag tracking info with third parties, like airlines. The feature, "Share Item Location," is expected to launch with iOS 18.2 in December. AdvertisementApple's newest AirTag feature is expected to make finding lost luggage a little easier for frequent fliers. However, Share Item Location is now available in the public beta for iOS 18.2. Additionally, air transport tech company SITA will also integrate Share Item Location into its baggage-tracking system.

Persons: —, Apple, it's, David Kinzelman Organizations: Apple, Service, iOS, Apple Intelligence, Delta Air Lines, United, British Airways, Air Canada Locations: Delta

☆ Shell not obliged to cut its pollution, Dutch court rules in landmark climate case
▼ + stars: | 2024-11-12 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —Shell is not obliged to dramatically reduce its planet-heating pollution by 2030, a Dutch appeals court ruled Tuesday, overturning a previous verdict that imposed steep carbon emissions reductions on the British oil and gas giant. Shell (SHEL) had appealed the previous ruling, handed down in 2021, which ordered the company to slash its CO2 emissions by 45% by 2030 from 2019 levels. That included emissions from its own operations and from the energy products it sells. As such, it dismissed the previous ruling. “At the same time, we see that this case has ensured that major polluters are not inviolable and has further fueled the debate about their responsibility in combating dangerous climate change.

Persons: Wael Sawan, ”, Donald Pols Organizations: London CNN — Shell, Hague, Appeal, Shell, “, Supreme Locations: Netherlands

☆ Apple wants to help airlines find your lost luggage
▼ + stars: | 2024-11-12 | by ( John Towfighi | ) edition.cnn.com time to read: +4 min

A walk to customer service takes place soon after. Now, Apple wants to help you find your lost luggage. Apple is unveiling a new feature where users will be able to share an Air Tag’s location with third parties, like airlines. The new Apple feature is available worldwide in beta and is part of the iOS 18.2 software update, which is expected to be released in December. Since being introduced in 2021, the Apple Air Tag product has helped people keep track of their belongings, from wallets to keys.

Persons: CNN — It’s, SITA, Apple, Apple David Kinzelman, ” Kinzelman, ’, Eddy, Apple’s Organizations: CNN, Apple, Passengers, AirTag, ”, United, Services, Aer Lingus, Air, Air New Zealand, Austrian Airlines, British Airways, Brussels Airlines, Delta Air Lines, KLM Royal Dutch Airlines, Lufthansa, Qantas, Singapore Airlines, Swiss International Airlines, Turkish Airlines, Virgin Atlantic Locations: Delta, Air Canada, Eurowings, Iberia

☆ UK's Starmer sets out new 2035 climate goal
▼ + stars: | 2024-11-12 | by ( ) www.cnbc.com time to read: +1 min

Britain's Prime Minister Keir Starmer speaks at a press conference, during his visit to the European Commission headquarters on October 2, 2024 in Brussels, Belgium. Prime Minister Keir Starmer said Britain would cut greenhouse gas emissions by 81% by 2035 as he committed the country to a more ambitious climate goal at the United Nations COP29 climate summit. The new goal is in line with a recommendation from a committee of climate advisers who said last month the target should exceed the current 78% cut to emissions, measured against 1990 levels. Starmer said the British public would not be burdened because of the new target, which excludes international aviation and shipping emissions. We're not going to start dictating to people what they do," he said.

Persons: Keir Starmer, Starmer, We're Organizations: Britain's, European Commission, United Locations: Brussels, Belgium, Britain, United Nations, Baku, Azerbaijan, British

☆ Pirelli calendar 2025: Celebrities strip off for latest edition
▼ + stars: | 2024-11-12 | by ( Jemal Polson | ) edition.cnn.com time to read: +4 min

CNN —White sand beaches, Atlantic Ocean views and a whole lot of skin — this is the 2025 Pirelli Calendar. For the latest edition, New York-based photographer Ethan James Green turns his lens on Hunter Schafer, John Boyega and Simone Ashley, along with model and illustrator Connie Fleming, artist Martine Gutierrez and model Jenny Shimizu, among others. Ethan James GreenModel and actor Hoyeon Jung struck a delicate pose in a flowing sheer outfit. Ethan James GreenIn the calendar, Green pulls double duty as a model, too, making it the third time a calendar photographer has appeared in the cast. Ethan James GreenCollaboration was key to the 2025 calendar, Green said.

Persons: ”, Naomi Campbell, Cindy Crawford, Kate Moss, Terence Donovan, Richard Avedon, Herb Ritts, Ethan James Green, Hunter Schafer, John Boyega, Simone Ashley, Connie Fleming, Martine Gutierrez, Jenny Shimizu, Hoyeon Jung, Robert Freeman, Jane Lumb, Sonny Drane, “ There’s, ” Green, Fleming, Gutierrez, Schafer, Green, “, Vincent Cassel, “ You’d, “ I’ve Organizations: CNN, Cal, Ethan James Green Model, Vogue, Teen Vogue, Goodman, Virginia Beach Park, Pirelli Locations: New York, Miami, British, Majorca, Spain, American, Virginia Beach

☆ I ate the same meal at TGI Fridays and Chili's. It's clear why only one is thriving.
▼ + stars: | 2024-11-12 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +3 min

I ate the same meal at TGI Fridays and Chili's to compare the two chains. TGI Fridays just filed for bankruptcy, while Chili's is outperforming its competitors. I preferred the food and overall experience at Chili's, though TGI Fridays did have meatier wings. AdvertisementChili's and TGI Fridays are both big names in fast-casual dining, but their recent performance tells two very different stories. TGI Fridays said the main reasons for filing for bankruptcy were financial challenges from the COVID-19 pandemic and a flawed capital structure.

Persons: —, Chili's, John Bringardner, Bringardner, Rohit Manocha Organizations: Service, Reuters, CNN, Capital Advisors Locations: Chili's, Los Angeles

☆ Oil giant Shell wins appeal against landmark Dutch climate ruling to slash emissions
▼ + stars: | 2024-11-12 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +2 min

A Dutch court on Tuesday ruled to dismiss a landmark climate ruling against Shell , after the oil giant was ordered to drastically reduce its global carbon emissions back in 2021. In May 2021, The Hague district court ruled that Shell must reduce its greenhouse gas emissions by 45% from 2019 levels by 2030. Shell's lawyers said demands for companies to curb greenhouse gas emissions could not be made by courts, but only by governments, Reuters reported. The company also said the court ruling would force it to shrink its business without any benefit to the fight against climate change. The burning of coal, oil and gas is by far the largest contributor to the climate crisis, accounting for more than three-quarters of global greenhouse gas emissions.

Persons: Milieudefensie Organizations: Shell, Pernis, Reuters Locations: Rotterdam, Netherlands, Azerbaijan, The Hague, Paris, Hague

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