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☆ Venezuela's Maduro meets Lula on first visit to Brazil since 2015
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +1 min

Brazil's former hard-right President Jair Bolsonaro had banned Maduro from entering Brazil when he took office in 2019, a measure that Lula lifted when he returned to power this year. Lula and Maduro met at the presidential palace and were scheduled to sign agreements in the early afternoon. Among the issues on their agenda was a large debt Venezuela has run up with Brazil's National Development Bank, Brazilian officials said. Brazilian Finance Minister Fernando Haddad was due to meet with Maduro and Lula, they added, and the president of state-run oil company Petrobras, Jean Paul Prates. The organization floundered when several South American countries elected right-wing governments, creating diplomatic fissures on the continent.

☆ Women’s Tennis Suddenly Has a Big(ish) Three
▼ + stars: | 2023-05-29 | by ( Matthew Futterman | ) www.nytimes.com time to read: +2 min

And yet something has been happening with this group lately in the rivalry-starved women’s game — something that could all come together in a glorious rumble during the next two weeks at the French Open. The first of the three to play at Roland Garros, Sabalenka, started her tournament with a win over Marta Kostyuk of Ukraine in a match tinged with wartime bitterness. Ever since Ashleigh Barty of Australia retired while atop the rankings in March 2022 at age 25, Swiatek, Rybakina and Sabalenka have been hogging nearly all of the most prestigious trophies. Swiatek has been among the most outspoken critics of Russia’s invasion, helping to raise millions of dollars to support relief efforts in Ukraine. Rybakina and Sabalenka hail from the two countries perpetrating the war, as Kostyuk reminded everyone Sunday.

☆ Four dead after tourist boat capsizes on Italy's Lake Maggiore
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: 1 min

MILAN, May 29 (Reuters) - Four people died late on Sunday after a tourist boat capsized on Lake Maggiore in northern Italy due to a sudden whirlwind, the fire brigade and media reported. People were celebrating a birthday on the 16-metre-long boat when it capsized and sank in a violent storm. Nineteen survivors swam to shore without serious injury, fire brigade said on Twitter, adding the wreck was found by its divers at a depth of 16 metres. Reporting by Cristina Carlevaro; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ French Open preview: With Rafael Nadal absent and Iga Światek's dominance under threat, tournament is hard to call
▼ + stars: | 2023-05-27 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

CNN —It felt like the beginning of the end of an era at the French Open when Rafael Nadal announced his absence from the tournament earlier this month. How to watchIn the United States, the French Open is available to watch on NBC, streaming service Peacock, Tennis Channel, and Bally Sports. A list of international broadcasters and the full draw are available on the French Open website. “A new generation is here already,” Djokovic said after his quarterfinal defeat at the Italian Open. Questions about scheduling may persist in the coming weeks given the way night sessions were scrutinized at last year’s French Open.

☆ Maria Perez breaks women's 35km race walk world record by an astonishing 29 seconds
▼ + stars: | 2023-05-21 | by ( Aimee Lewis | ) edition.cnn.com time to read: +1 min

CNN —There’s breaking world records, and then there’s demolishing them – which is what Maria Perez did at the European Race Walking Team Championships on Sunday. The Spaniard broke the women’s 35km race walk word record by an astonishing 29 seconds, beating the mark set by Peru’s Kimberly Garcia in March. Perez crossed the line in two hours, 37 minutes and 15 seconds in Podebrady, Czech Republic, more than eight minutes ahead of her nearest challenger, compatriot Raquel Gonzales. According to European Athletics, the last Spaniard to break a world record in track and field was Francisco Fernandez in the 10,000m race walk in 2008. “It is a nice feeling to finish the race and the time is a big reward for this,” Perez said, per European Athletics.

☆ Foot Locker slumps as weak demand, heavy discounts drive annual outlook cut
▼ + stars: | 2023-05-19 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

May 19 (Reuters) - Foot Locker Inc's (FL.N) shares closed down 27% on Friday as the footwear retailer cut its annual sales and profit forecasts amid a sharp drop in demand and a hit from heavy discounts aimed at clearing excess inventories. The company also missed analysts' estimates for first-quarter results and named former Kohl's Corp (KSS.N) executive Mike Baughn as its new finance chief, effective June 12. Foot Locker doubled down on discounts to drive demand, which coupled with an increase in theft-related inventory losses led to a 400-basis point hit to the company's quarterly gross margins. Foot Locker now expects full-year comparable sales to fall between 7.5% and 9.0%. The company also forecast annual adjusted per-share earnings between $2.00 and $2.25, compared with its previous outlook of $3.35 to $3.65.

☆ Buffett-backed Nubank has AI investments as 'great priority', CEO says
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

[1/2] Nubank CEO David Velez talks on stage during the opening of the Web Summit technology conference, in Rio de Janeiro Brazil May 1, 2023. REUTERS/Ricardo MoraesSAO PAULO, May 18 (Reuters) - Investments in artificial intelligence are a "great priority" for Brazilian digital lender Nubank , Chief Executive David Velez said on Thursday, adding that the firm expects to demonstrate it soon as it pushes for expansion. "Five years from now you'll be talking to Nubank in your self-driving car, you'll be talking to Nubank in your home," Velez told reporters. Nubank debuted on the New York Stock Exchange in late 2021 raising nearly $2.6 billion. She added Nubank also sees growth opportunity in Mexico as "much bigger" than in Brazil at the moment.

Buenos Aires wants faster payouts and easier economic targets. "More than a debt, it's a crime," President Fernandez wrote in a tweet on Thursday, citing a new government auditor report that concluded the original deal had lacked the required impact study and not passed through proper legislative channels. Fernandez, who has criticized the original deal before, called for an investigation "with all the weight of the law." Powerful but divisive Vice President Cristina Fernandez de Kirchner, a previous two-term president, called the original deal "scandalous" and a "scam" of the Argentine people. Macri and the IMF have defended the original deal as necessary to restore Argentina's economic stability.

☆ Argentina's Kirchner says she won't run for president, slams IMF
▼ + stars: | 2023-05-17 | by ( ) www.reuters.com time to read: +1 min

BUENOS AIRES, May 16 (Reuters) - Argentine Vice President Cristina Fernandez de Kirchner said on Tuesday she will not run for president in the elections scheduled for October, claiming that the country's judicial system would disqualify her after her high-profile corruption case. In a post on her blog, Fernandez de Kirchner, who served as president for two terms between 2007 and 2015, said she would not enter into a "perverse game" or a "democratic facade" that would result in the judicial system disqualifying her. Late last year, Fernandez de Kirchner - who commands rock-star crowds of supporters - was sentenced to six years in jail on corruption charges, disqualifying her from holding public office. The ruling Peronist government of President Alberto Fernandez is facing a tough battle to fend off a challenge from the conservative opposition in the 2023 election. In her blog, Fernandez de Kirchner also harshly criticized the International Monetary Fund, with which the country has a $44 billion loan deal, blaming it of "accelerating" Argentina's inflation, which topped 109% in April.

☆ A writer who moved from Pennsylvania to Belize for a cheap and laid-back life said it's saved her money but the newfound peace of mind is priceless
▼ + stars: | 2023-05-10 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

Cristina Johnson moved from Pennsylvania to Belize in 2015. Johnson said living in the small Central American nation improved her finances and quality of life. Cristina Johnson moved to Belize in 2015. Courtesy of Cristina Johnson. Courtesy of Cristina Johnson.

May 8 (Reuters) - Goldman Sachs Group Inc (GS.N) agreed to pay $215 million to settle a class action alleging widespread bias against women in pay and promotions, ending one of the highest-profile lawsuits claiming unequal treatment of women on Wall Street. In a well-known 1990s case, Smith Barney settled charges that men harassed women in a space known as the "Boom-Boom Room." "This settlement will help the women I had in mind when I filed the case," Orlich said in a statement. The settlement also calls for Goldman to hire independent experts to analyze its gender pay gaps and performance evaluation processes. In 2020, the bank said it aimed for 40% of vice presidents to be women within five years.

☆ Goldman to pay $215 mln to settle gender discrimination lawsuit - Bloomberg News
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

May 8 (Reuters) - Goldman Sachs Group Inc (GS.N) has agreed to pay $215 million to settle a long-running class-action lawsuit that accused the investment bank of widespread bias against women in both pay and promotions, Bloomberg News reported on Monday citing a person familiar with the matter. Last week, Reuters reported that the talks were ongoing to settle roughly a month before the trial was set to begin. The plaintiffs alleged the bank systematically paid women less than men and gave women weaker performance reviews that impeded their career growth. They are led by Cristina Chen-Oster, Mary De Luis and Allison Gamba, who were Goldman vice presidents, and Shanna Orlich, who was an associate. The lawsuit is among the highest-profile cases targeting Wall Street's alleged unequal treatment of women, including in litigation against many banks that stretches back decades.

☆ Kenin moves into Rome second round with battling win, Fernandez out
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +2 min

I didn't feel a 100% but it doesn't matter, a win is a win and I'm going to take it," said Kenin, who converted seven of her 21 breakpoints. I felt tired and... after three hours I'd imagine that she was too, so I just had to battle it out." Former U.S. Open runner-up Leylah Fernandez was beaten 7-6(4) 4-6 6-3 by Aliaksandra Sasnovich, while 2019 French Open runner-up Marketa Vondrousova overcame Kaia Kanepi 6-0 4-6 6-2 in other first round matches. The 37-year-old Czech will take on world number eight Maria Sakkari in the second round. The men's tournament headlined by six-times champion Novak Djokovic and Rome debutant Carlos Alcaraz begins on Wednesday.

☆ Pope says Argentina government wanted 'my head' when he was in Buenos Aires
▼ + stars: | 2023-05-09 | by ( Philip Pullella | ) www.reuters.com time to read: +3 min

VATICAN CITY, May 9 (Reuters) - Pope Francis said that when he was archbishop of Buenos Aires more than a decade ago, the Argentine government wanted "to cut my head off" by backing false accusations that he had collaborated with the military dictatorship of the 1970s. Francis has always denied this and when he was elected pope, Jalics issued a statement saying the arrest was not the future pope's fault. In 2010, by which time the future pope had become archbishop of Buenos Aires, he testified before a three-judge panel investigating the period of dictatorship. The pope did not give details but as archbishop of Buenos Aires, he had an often rocky relationship with the government of President Cristina Fernandez de Kirchner, who served in that role from 2007-2015. She accused him of taking sides politically, mostly during his visits to Buenos Aires shanty towns, and once avoided him by shunning a traditional Mass in the Argentine capital.

☆ Goldman Sachs in talks to settle gender discrimination lawsuit -source
▼ + stars: | 2023-05-03 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

FILE PHOTO: The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew KellyNEW YORK (Reuters) - Goldman Sachs Group Inc is in talks to settle a class-action lawsuit that alleged widespread gender bias against women in pay and promotions, said a source familiar with the matter. The plaintiffs, former employees of the Wall Street bank, accused Goldman Sachs of systematically paying women less than men, and giving women weaker performance reviews that impeded their career growth. Goldman has previously denied wrongdoing.The lawyers for Goldman Sachs, Sullivan & Cromwell, did not immediately respond to a request for comment. The Wall Street Journal reported earlier on the talks.

☆ UniCredit raises 2023 goals after stronger-than-expected quarter
▼ + stars: | 2023-05-03 | by ( Valentina Za | ) www.reuters.com time to read: +3 min

UniCredit forecast a 2023 profit above 6.5 billion euros ($7.2 billion), up from January guidance that broadly matched its 2022 result of 5.2 billion euros. Net profit in the first three months came in at 2.06 billion euros, well above an average analyst forecast of 1.3 billion euros in a bank-provided consensus, boosted by an 18% yearly jump in revenues. Net interest income in the quarter topped expectations rising 43.6% year-on-year to 3.3 billion euros. Net fees also unexpectedly strengthened 10.7% from the previous quarter, surpassing forecasts at 2.0 billion euros. "There are a number of opportunities we see across Europe [but] financially we still represent the best value proposition for our investors," he said.

☆ Sales, spins and splits — what are the differences and why do they matter for investors like us?
▼ + stars: | 2023-04-30 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +20 min

Investors may get one share in the spun-out entity for every share of the parent company they owned. What's left of J & J will be focused on pharmaceuticals and medical technologies, which were responsible for over 84% of the company's total 2022 revenue of $94.94 billion. It underscores that once free of the parent company tethers a divested company can chart its own destiny. Those priorities may not have necessarily been wrong when considering J & J as the overall enterprise. We believe J & J and Danaher are poised to deliver two more examples.

☆ People Are Not Exactly Interested in Sydney Sweeney and Glen Powell’s New Film
▼ + stars: | 2023-04-28 | by ( Krystie Lee Yandoli | ) www.nytimes.com time to read: +1 min

Rumors of a possible romance between the actors Sydney Sweeney and Glen Powell swirled online this week after a series of seemingly flirtatious moments catapulted them into the spotlight. The public interest in Ms. Sweeney and Mr. Powell may be heightened because they’re both romantically linked to other people. Ms. Sweeney, best known for her roles in “Euphoria” and “White Lotus,” is engaged to Jonathan Davino, a restaurateur, but has rarely publicly discussed her relationship. “I don’t date people in the spotlight,” she told Cosmopolitan last year. Mr. Powell, who starred in “Top Gun: Maverick,” was reported to be dating the model Gigi Paris.

☆ These 11 Club stocks have boosted their dividend payouts this year. Here's a list and who's next
▼ + stars: | 2023-04-21 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

Johnson & Johnson (JNJ) and Costco Wholesale (COST) became the latest Club holdings to hike their payouts this week, bringing the year-to-date total to 11. Cisco Systems (CSCO), meanwhile, raised its dividend by a more modest 2.6%, to 39 cents a share, from 38 cents. Here is the full list of the Club stocks that have raised their dividends this year. In the case of these 11 Club holdings, the dividend increases are favorable developments, even if the magnitude varies from company to company. It is no surprise Johnson & Johnson, Procter & Gamble (PG) — which delivered a quarterly earnings beat Friday — and Linde (LIN) have raised their dividend already this year.

☆ Argentine President Fernandez pulls out of 2023 election
▼ + stars: | 2023-04-21 | by ( Lucila Sigal | ) www.reuters.com time to read: +2 min

BUENOS AIRES, April 21 (Reuters) - Argentine President Alberto Fernandez will not run in the country's October general election, the center-left leader announced on Friday, throwing open a race to lead the Peronist coalition at the ballot amid swirling economic crisis. Pressure had been building for a decision from the leftist wing commanded by powerful Vice President Cristina Fernandez de Kirchner, who served as president from 2007-2015 and has at times been at loggerheads with Fernandez, no relation. "On the negative side, with him becoming an outgoing president so early, it could make it difficult to manage until the end of the mandate." Mauricio Macri, the leader of the main center-right opposition party and president from 2015 to 2019, said last month he would not run for presidency either. Vice President Fernandez de Kirchner has also ruled herself out.

☆ Italian investor in UniCredit, Banco BPM sees 'strategic value' in deal
▼ + stars: | 2023-04-19 | by ( Valentina Za | ) www.reuters.com time to read: +2 min

Italy's No.2 bank UniCredit was preparing an offer for number three Banco BPM in 2022, before the Ukraine conflict forced CEO Andrea Orcel to focus on its Russia exposure. Orcel had looked to move on Banco BPM soon after becoming UniCredit CEO two years ago, but instead entered talks with the government over a possible Monte dei Paschi (BMPS.MI) acquisition that eventually fell through. Fondazione CRT holds 1.9% of UniCredit and 1.8% of Banco BPM. Twenty years later that gap is still there so the strategic value of the deal remains". Born from the merger of BPM with Verona-based Banco Popolare, Banco BPM controls 12% of Lombardy's banking market, twice UniCredit's market share.

☆ What Are People Even Doing All Day?
▼ + stars: | 2023-04-12 | by ( Malia Wollan | ) www.nytimes.com time to read: +12 min

For Laroi, there is no clearly defined day or night. Sometimes he drives all night and sleeps all day; sometimes he sleeps all day and drives all night. One day a week, Sophie works late so she can meet with far-flung colleagues in real time. Now she has enough energy left at the end of the day to go grocery shopping and cook dinner. The time markers reflect the time of day when participants told an interviewer they would normally be doing the activity shown.

Bolsonaro's electoral outlook contrasts sharply with former U.S. President Donald Trump, another right-wing populist who challenged the results of his failed re-election campaign. Bolsonaro never conceded his narrow defeat in the October election and continues to question the reliability of Brazil's voting system. RISING CONSERVATIVE STARSStill, conservative powerbrokers allied with Bolsonaro are ready to reshuffle the deck for the next election cycle. He said a TSE decision to bar Bolsonaro from running would only boost the ex-president's political appeal. Any right-wing substitute could win with his endorsement, he added, while side-stepping the high rejection rates Bolsonaro faced as a candidate last year.

☆ Around the world, charges are no barrier to high office
▼ + stars: | 2023-04-04 | by ( Caolán Magee | ) edition.cnn.com time to read: +6 min

But charges have often not been a barrier to holding political office. Israel’s Benjamin NetanyahuIsraeli Prime Minister Benjamin Netanyahu in Berlin, March 16, 2023. The prime minister is also currently facing a corruption trial, on charges of fraud, bribery and breach of trust. Lula has called the charges a “farce,” claiming the charges were politically motivated. Angelo Carconi/Associated PressThe flamboyant Italian tycoon was a serial prime minister until standing down in 2011.

Persons: Donald Trump, Israel’s Benjamin Netanyahu, Benjamin Netanyahu, Sean Gallup, Netanyahu, Israel’s, Brazil’s Luiz Inácio Lula da Silva, Luiz Inácio Lula Da Silva, Ulysses Guimarães, Andressa Anholete, Lula, Jair Bolsonaro, Argentina’s Cristina Fernández de Kirchner, Cristina Fernández de Kirchner, Luis Robayo, Fernández de Kirchner, ”, Malaysia’s Anwar Ibrahim Malaysia's, Anwar Ibrahim, Arif Kartono, Anwar, –, Italy’s Silvio Berlusconi Silvio Berlusconi, Angelo Carconi, Berlusconi Organizations: CNN, Trump, Brazil’s Luiz Inácio Lula da Silva Brazilian, Centro de, Petrobras, Getty, Alliance of Hope, Associated, Italy’s Senate Locations: Israel’s Benjamin Netanyahu Israeli, Berlin, Brasilia, Brazil, America, La Plata, Argentina, AFP, Permatang, Malaysia's Penang, Malaysian, Malaysia, Rome, Italy, Italy’s

☆ Italian police arrest four for stealing Leclerc's watch
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

ROME, April 4 (Reuters) - Italian police have arrested four people wanted in connection with the theft of a luxury watch from Ferrari's Formula One driver Charles Leclerc last year. Leclerc, who is from Monte Carlo, had his exclusive Richard Mille timepiece stolen from his wrist in the Italian seaside resort of Viareggio last April. The theft took place when the Formula One driver was approached by two people wearing motorcycle helmets who asked for a selfie. An investigative source said it was not yet possible to say if either of the watches found were the one stolen from Leclerc. Reporting by Cristina Carlevaro and Giselda Vagnoni; Editing by Hugh LawsonOur Standards: The Thomson Reuters Trust Principles.

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