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☆ Grocer profit will be sacrificed on UK food altar
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 3 (Reuters Breakingviews) - British shoppers enjoyed a novel experience last month: lower food prices. Admittedly, the fall in the average food basket between August and September was just 0.1%, according to the British Retail Consortium. But it was the first monthly fall in food prices since July 2021 and brought down overall retail inflation to 6.2%, the lowest in a year. That’s good for consumers, especially those who like dairy products, margarine, fish and vegetables – the items that caused the overall fall. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Helen Dickinson, Francesco Guerrera, Aimee Donnellan, Oliver Taslic Organizations: Reuters, British Retail Consortium, Bank of, Grocers, X, Temasek, Thomson Locations: Bank of England

☆ Brookfield pounces on two new green trends
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

LONDON, Oct 3 (Reuters Breakingviews) - European green assets are starting to look cheap. That’s the implication of Brookfield’s $1 billion swoop on Banks Renewables, one of the UK’s largest green energy developers. Having largely deployed a $15 billion energy transition-focused fund outside Europe, the Canadian investment giant’s new geographical focus is unlikely to be a one-off. Amid a green bubble in early 2021, when Orsted was worth $80 billion, Banks might have fetched way more. While Banks is big in onshore wind farms, the bulk of its 3.5 GW pipeline is focused on solar power and battery storage.

Persons: Orsted, Banks, George Hay, Aimee Donnellan, Oliver Taslic Organizations: Reuters, Banks Renewables, International Energy Agency, Brookfield, X, Temasek, Thomson Locations: Europe, Brookfield

☆ Turkish film festival canceled after censorship controversy
▼ + stars: | 2023-10-02 | by ( Aimee Look | ) edition.cnn.com time to read: +2 min

CNN —One of Turkey’s most prestigious film festivals was canceled Friday after a political documentary provoked the ire of the government. The Antalya Golden Orange Film Festival, in its 60th year, was due to be held in Antalya, on the Turkish riviera, from October 7 to 14. The documentary film “Kanun Hukmu” (or “The Decree”) was first removed from its schedule last week. A screening of the documentary film "Kanun Hukmu" was canceled, then reinstated — and then canceled again. After this, the festival removed the film once again and then finally canceled the entire event.

Persons: Nejla Demirci, —, Ahmet Boyacıoglu, ”, “, filmgoers, Muhittin, Recep Tayyip Erdogan, Erdogan Organizations: CNN, Antalya Golden Orange Film, Twitter, Hurriyet Daily, Tourism Ministry of, Hurriyet, Antalya Golden Orange Locations: Antalya, Turkey, Tourism Ministry of Turkey, Antalya’s

Once she is sworn in, Butler will be the only Black woman in the Senate and the first openly LGBTQ+ California senator. That, alongside her background in the labor and women's rights movements, helps harden Newsom’s ties to important national Democratic constituencies. She is expected to be sworn in Tuesday in Washington by Harris, the last Black woman to serve in the Senate. At the time, Newsom was under pressure to select a Black woman to fill the seat of Harris, who is Black. His choice of Padilla, the state’s first Latino senator, rankled Black leadership in the state who saw the seat as their own.

Persons: Gavin Newsom, Dianne Feinstein, Laphonza Butler, Butler, Newsom, Butler's, “, Kamala Harris's, ”, Jack Pitney, Katie Porter, Adam Schiff, Barbara Lee, haven’t, Bill Essayli, Harris, Lee, Feinstein, snubbing Lee, Sen, Steven Bradford, ” Aimee Allison, “ Laphonza, Arnuflo De, Arnuflo De La Cruz, Jerry Brown, La Cruz, ” De La Cruz, Maria Elena Durazo, ” Durazo, ” Butler, Uber, Alex Padilla, Padilla, rankled, ___ Organizations: ANGELES, California Gov, Senate, Democratic, workaday Democratic, Claremont McKenna College, House Democrats, California Legislative Black Caucus, Gov, Los Angeles Federation of Labor Locations: U.S, California, San Francisco, Washington, Arnuflo De La, Sacramento

Naming Laphonza Butler to fill the late Sen. Dianne Feinstein's seat appears to meet California Gov. Or has Newsom just given Butler a massive boost in becoming the Golden State's fourth elected female senator? And while critics have pointed out that her address until the appointment was in Maryland, Butler "is deeply ingrained in the DNA of California politics." Butler, who will be sworn into the Senate this week, Senate Majority Leader Chuck Schumer said Monday morning, hasn't indicated whether she wants to stay in the job. She will become the first openly lesbian Black senator and the second Black female senator from California (Vice President Kamala Harris was the first).

Persons: Laphonza Butler, Sen, Dianne Feinstein's, Gavin Newsom's, Newsom, Butler, Feinstein, Adam Schiff, Katie Porter, Barbara Lee, Porter, Lee, Mike Madrid, I'm, Chuck Schumer, hasn't, Ron DeSantis, Kamala Harris, Emily’s, Dianne Feinstein, –, Aimee Allison, Ted Limpert, Limpert, Schiff, Michael Thorning, Thorning Organizations: California Gov, Democratic, Schiff, Republican, Florida Gov, Senate, Congressional Black Caucus, Press, CNN, UC Berkeley, Center, – Locations: California, Maryland, Madrid, Florida, Washington, Golden State

☆ Tottenham v Liverpool: ‘Significant human error’ proves costly in extraordinary Premier League match
▼ + stars: | 2023-10-01 | by ( Aimee Lewis | ) edition.cnn.com time to read: +3 min

It proved to be a costly mistake for a Liverpool team which ended the match with just nine men on the pitch and lost 2-1 thanks to a Joel Matip own goal with seconds to play. “PGMOL acknowledge a significant human error occurred during the first half of Tottenham Hotspur v Liverpool,” the organization’s statement to CNN read. “The goal by Luis Díaz was disallowed for offside by the on-field team of match officials. Justin Setterfield/Getty ImagesWith Manchester City losing earlier in the day, victory for Liverpool would have moved the Reds to the top of the table. The first, he barely touched him and it was for sure not his fault … that’s not a yellow card.

Persons: Luis Díaz, Mohamed Salah, Joel Matip, “, ” PGMOL, Darren England, Simon Hooper, PGMOL, Dan Cook, Jurgen Klopp, Justin Setterfield, Curtis Jones, Diogo Jota, ” Jurgen Klopp, That’s, ” Organizations: CNN —, Liverpool, English Premier League, Tottenham, Tottenham Hotspur, CNN, Reuters, Premier League, Nottingham Forest, Brentford, Sunday, Fulham, Chelsea, Manchester City, Reds, BBC Sport Locations: Liverpool

Mining operations account for some 4%-7% of global greenhouse gas emissions, according to global consulting firm McKinsey & Company. But some miners are moving to reduce use of fossil fuels in extracting and refining, partly due to pressure from downstream customers that want more sustainable supply chains. Located beside a crystal-blue lake in the lush jungle of Sorowako, South Sulawesi, Vale Indonesia — a subsidiary of Vale international — runs its smelters entirely from hydroelectricity. Other companies and countries around the world also are reducing use of fossil fuels in their mining operations. But now, having that infrastructure means big savings at a time when global energy prices are high.

Persons: Michael Goodsite, “, Joko Widodo, Widodo, “ Ford, ” Christopher Smith, Febriany Eddy, Eddy, it’s, ” Eddy, Aimee Boulanger, there’s, they’ve, ” Goodsite Organizations: McKinsey & Company, Vale, Companies, University of Adelaide, Volvo, Mercedes, Hyundai, Apple, Ford Motor Co, Vale Indonesia, Associated Press, Initiative for, Mining Assurance, —, AP Locations: SOROWAKO, Indonesia, Indonesian, Sulawesi, Sorowako, South Sulawesi, Indonesia —, Chile, Raglan, Canada, Australia, ” Indonesia, Vale Indonesia, China, United States

☆ Manchester United and City suffer losses on day of surprises in the Premier League
▼ + stars: | 2023-09-30 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

CNN —Manchester United’s terrible start to the season continued Saturday as Erik ten Hag’s team fell to a 1-0 home defeat to Crystal Palace in the English Premier League. The defeat to London-based Palace was United’s second successive home defeat and fourth in seven league games, leaving Ten Hag’s team 10th in the league on nine points. It is United’s worst start to a Premier League season after seven games – and the club’s worst in the top-flight since the 1989-90 season, according to Reuters. City had won every league game this season and was expected to beat a Wolves team which had won just once in the league. But Pep Guardiola not only suffered a first league loss of the campaign but the second of the week, following the League Cup defeat to Newcastle on Wednesday.

Persons: Erik, Joachim Andersen’s, Michael Regan, Pep Guardiola, “, ”, Guardiola, Rúben Dias, Julian Álvarez’s, Hwang Hee, chan Organizations: CNN, Manchester, Crystal, English Premier League, Manchester City, Wolverhampton Wanderers, Premier League, Reuters, League, United, Wolves, Newcastle, Molineux Locations: London, Old Trafford, Manchester

☆ European listing exodus is just beginning: podcast
▼ + stars: | 2023-09-28 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

LONDON, Sept 28 (Reuters Breakingviews) - Building materials firm CRH and packaging giant Smurfit Kappa are among a growing list of companies seeking to decamp from Europe to US exchanges. In this Viewsroom podcast, Breakingviews columnists discuss what is prompting groups to leave and why the rot is unlikely to ease. 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, Thomson Locations: decamp, Europe

☆ Dubai to start robotaxi trials next month in major autonomous push
▼ + stars: | 2023-09-27 | by ( Aimee Look | ) edition.cnn.com time to read: +3 min

Dubai hopes to become the first Middle Eastern city to introduce driverless taxis, Bahrozyan said. Autonomous taxis currently operate in several cities around the world, mostly in the US and China. Bahroyzyan said he foresees autonomous vehicles eventually making up the majority of the Middle East tourist hub’s taxi fleet. Selling and buying autonomous cars was also regulated. WeRide, a Chinese autonomous car technology company began trialing robotaxis in the UAE’s capital, Abu Dhabi, in 2022.

Persons: Ahmed Bahrozyan, Bahrozyan, ” Bahrozyan, “, Cruise, Bahroyzyan, GM’s Cruise, trialing, WeRide Organizations: UAE CNN —, General Motors, United Arab Emirates, Transport Authority, Cruise, CNN, RTA, ”, WeRide, Saudi Artificial Intelligence Company, Authority Locations: Abu Dhabi, UAE, UAE CNN — Dubai, robotaxis, Jumeirah, Dubai’s Roads, Dubai, Eastern, China, San Francisco, Dubai …, California, ” Dubai, robobuses, WeRide, Mecca

LOS ANGELES (AP) — Quincy Jones, who once embarked on an international diplomatic tour with jazz great Dizzy Gillespie, will receive the U.S. Department of State's inaugural Peace Through Music Award. A ceremony honoring the 28-time Grammy winning producer, musician and arranger will be held Wednesday night and as part of the launch of the State Department's new Global Music Diplomacy Initiative. The tour was part of a Cold War program to spotlight American music and culture and counteract similar efforts by the Soviet Union. “You’re going to see a long-standing partnership between the Academy and the State Department,” Mason said in an interview. We have no more powerful tools in our diplomatic toolkit, and I look forward to seeing – and listening to – the results of this initiative.”The Global Music Diplomacy Initiative was developed following the 2022 Promoting Peace, Education, and Cultural Exchange (PEACE) through Music Diplomacy Act.

Persons: — Quincy Jones, Dizzy Gillespie, Jones, Antony Blinken, Harvey Mason, Dave Grohl, Mickey Guyton, Herbie Hancock, Jamie Barton, GAYLE, Christopher Jackson, LADAMA, Aimee Mann, Rakim, Armani White, Gillespie, Michael Jackson’s, Oscar, “ You’re, ” Mason, “, ”, Roosevelt, Bruce Springsteen, “ I’ve, ” Blinken Organizations: ANGELES, U.S . Department, State's, State, Music Diplomacy Initiative, Recording Academy, American, U.S . State Department, State Department, Fulbright, Arts and Science, Academy, Inter, American Affairs, AP, Education, Cultural Exchange, Diplomacy Locations: Southern Europe, South Asia, Soviet Union, East Berlin

NEW YORK (AP) — A dozen years ago, Barkley L. Hendricks, the pioneering portrait artist known for vivid, stylish paintings of Black men and women, stood outside the Frick Collection in Manhattan, known for its works by European Old Masters. Still, curators say, he'd likely have never imagined that in 2023, he’d be the first artist of color to have a solo show at the 88-year-old Frick. What is more unusual is that a museum focusing on the 14th through 19th centuries would devote a show to a contemporary portraitist like Hendricks. His sunglasses reflect the buildings outside Hendricks' studio, and even contain a tiny reflection of the artist himself. “Slick” features the artist in a white suit against a white background, wearing a cap of African design.

Persons: Barkley, Hendricks, Rembrandt, “, he’d, Frick, ”, Antwaun Sargent, ” It’s, Van Dyck, Van Eyck, Aimee Ng, ” Ng, Frick Madison, Angela Davis —, Kathy Williams, Nina Simone, Kehinde Wiley, Barack Obama, Barkley Hendricks, “ Woody, Alvin Ailey, Woodruff Wilson, Steve ”, Sargent, ” Hendricks, ” Sargent, Susan, Donald Formey, Ng, Formey, ‘, “ Slick ” Organizations: Frick, European Old, Polaroid, Beaux, Pennsylvania Academy, Fine Arts, Connecticut College, ” Locations: Manhattan, Van, Velásquez, New York, New York City, Jan, Philadelphia, ”, Europe

☆ How the Taylor Swift and Travis Kelce connection started with a friendship bracelet
▼ + stars: | 2023-09-25 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +4 min

CNN —Taylor Swift fans have famously worn and traded personalized friendship bracelets, typically featuring the names of her songs and albums, throughout the US-leg of her “Eras” tour. As a result, some Etsy shop owners who focus on making friendship bracelets have brought in thousands of dollars. Rodrigo Oropeza/AFP/Getty ImagesFor Aimee Papson, however, selling Taylor Swift friendship bracelets is part necessity. Similar to the other Etsy shop owners, she put her leftover friendship bracelets online and earned about $1,800 so far. “I put a headlamp on at night, listen to Taylor Swift music and can make bracelets for almost eight hours straight.

Persons: CNN — Taylor Swift, Swift, Travis Kelce, ”, Jason, Kelce, Donna, Swift’s, ” Swift, You’ve, ” Taylor Swift, Donna Kelce, Denny Medley, Jennifer Garner, Gigi Hadid, Jennifer Lawrence, Nicole Kidman, Keith Urban, Jamie Tompkins, Taylor Swift, ” Tompkins, Tompkins, “, Rodrigo Oropeza, Aimee Papson, Taylor, Papson Organizations: CNN, Arrowhead, Kansas City Chiefs, Swift, Chiefs, Chicago Bears, NFL, ESPN, Sports, Reuters, Foro, Getty Locations: Kansas City , Missouri, Oklahoma City , Oklahoma, Arlington , Texas, Foro Sol, Mexico City, AFP, Nashville

☆ Permira will have to work to exit classified hole
▼ + stars: | 2023-09-22 | by ( Karen Kwok | ) www.reuters.com time to read: +3 min

LONDON, Sept 22 (Reuters Breakingviews) - Permira is trying to salvage its bet on classified ads. But buying more may be the best way for Permira to make a healthy return, provided the business can be turbocharged. On Thursday, Adevinta said it had received a non-binding offer from Blackstone and Permira. Norwegian media group Schibsted, a 28% Adevinta shareholder, and eBay, which owns a 33% stake, expressed their support for the proposal and will retain part of their current stake, Adevinta said. In 2021 eBay sold 10% of its stake in Adevinta to Permira for $2.25 billion.

Persons: Adevinta, Permira, Blackstone, Aimee Donnellan, Streisand Neto Organizations: Reuters, Blackstone, eBay, Reuters Graphics Reuters, EBay, Permira, Thomson Locations: Norwegian, Adevinta, Oslo, Permira

☆ Listing duo offers followers a cautious playbook: podcast
▼ + stars: | 2023-09-21 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

A smartphone with a displayed Instacart logo is seen in this illustration taken March 25, 2022. In this Viewsroom podcast, Breakingviews columnists explain how cornerstone investors and lowly valuations helped. 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: Dado Ruvic, Oliver Taslic Organizations: REUTERS, Reuters, Thomson

☆ Julie Ertz to play in final US women’s national team match against South Africa
▼ + stars: | 2023-09-21 | by ( Amy Woodyatt | Aimee Lewis | ) edition.cnn.com time to read: +2 min

ET Thursday will see the two-time Women’s World Cup winner and two-time Olympian earn her 123rd and final cap for the US. She announced her retirement last month, adding that she made the decision “with immense emotion and processing.”Ertz controls the ball against Sweden in what would be her final Women's World Cup match. Jenna Watson/USA TODAY Sports/ReutersErtz, 31, was an integral member of the US teams which won the Women’s World Cup in 2015 and 2019. She represented the US women’s team on 122 occasions, losing just five matches and scoring 20 goals during her 10-year international career. Ertz, pictured as the US celebrates its victory over the Netherlands at the 2019 Women's World Cup final, was an integral member of the US teams which won women's soccer's showpiece event in 2015 and 2019.

Persons: Julie Ertz, Jenna Watson, Reuters Ertz, Richard Heathcote, Ertz, “ There’s, Momma can’t, Momma, ” Ertz, Madden, Twila Kilgore, Ertz’s Organizations: CNN, US, National, TQL, Sweden, USA, Reuters, Getty, Chicago Red Stars, US Soccer, National Women’s Soccer League, Angel City, Interim, “ Locations: South Africa, Cincinnati, Netherlands, Angel, Australia, New Zealand, Interim US

☆ Cazoo’s debt fix points to bumpy ride
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

That’s not the fate of shareholders in UK-based and U.S.-listed Cazoo (CZOO.N), which has just announced a brutal debt restructuring. Under the deal announced on Wednesday, bondholders will swap $630 million of convertible notes for $200 million of fresh debt and a large slug of the equity. The debt cut will do little to fix Cazoo’s rickety engine. Although the company had 195 million pounds of cash at the end of June, it burnt through over 50 million pounds in the previous six months. And revenue this year is expected to fall nearly 40%, as customers racked by high interest rates tighten their belts.

Persons: That’s, Cazoo, Aimee Donnellan, Bernie Sanders’s, Neil Unmack, Oliver Taslic Organizations: Reuters, Thomson Locations: U.S

☆ Pearson’s pricey CEO will rile shareholders
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

LONDON, Sept 20 (Reuters Breakingviews) - Pearson (PSON.L) is baiting shareholders with its choice of new CEO. The 57-year-old will receive 13 million pounds’ worth of cash and restricted shares on top of his normal pay as compensation for leaving Microsoft. Such generosity is questionable considering that in April nearly half of the London-listed company’s shareholders voted against a pay package of more than 8 million pounds for Bird. Despite its greater digital focus, Pearson’s revenue is expected to flatline over the next three years, LSEG forecasts show. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Pearson, Andy Bird, Omar Abbosh, There’s, Aimee Donnellan, Bernie Sanders’s, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Microsoft, Disney, X, Thomson Locations: London

New anti-obesity drugs have the potential to transform public health, while obliterating demand for products and services from the medical, food and fitness industries. Drugs developed by Novo Nordisk (NOVOb.CO) and Eli Lilly (LLY.N) appear to be the first truly effective diet treatments. In one clinical trial, patients taking Eli Lilly’s soon-to-be-launched weight-loss drug lost about 50 pounds (23 kg). Only about a third of those who started taking the drugs for obesity were still doing so a year later, according to one analysis. Yet even as Novo, Lilly and others see their addressable markets expand, some companies will see theirs shrink.

Persons: Lilly, George Frey, Eli Lilly, Eli Lilly’s, Novo, Wegovy, Kraft Heinz, Burger, LSEG, Michael Farrell, Zimmer Biomet, Smith, Peter Thal Larsen, Sharon Lam, Oliver Taslic Organizations: Novo Nordisk, Pharmacy, REUTERS, Reuters, TAM, Drugs, Alpha, Reuters Graphics Reuters, Cadbury, Mondelez, Fortune Business, Burger King, KFC, Yum Brands, Centers for Disease Control, Milken Institute, BMJ, Novo, Inspire Medical Systems, Novo Nordisk’s, WW International, Fashion, Thomson Locations: Provo , Utah, U.S, New, United States, Lilly, England

☆ Retail park bounce adds nail to high street coffin
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +2 min

LONDON, Sept 19 (Reuters Breakingviews) - Retail parks are a beacon of hope in a gloomy UK property market. Since their 2015 peak, average retail rents have come down by a third, analysts estimate. Retail parks are also good for e-commerce as they allow customers to drop off and pick up orders. That’s not the case on the high street, where business rates and high rents have driven tenants out. Today’s 2.5% rise in its shares suggests investors need more than growing retail parks to be convinced of its prospects.

Persons: That’s, Aimee Donnellan, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Sports, Land, Centre for Retail Research, X, Thomson

☆ London fashion designer apologizes after Saudi-flag miniskirt controversy
▼ + stars: | 2023-09-18 | by ( Aimee Look | ) edition.cnn.com time to read: +2 min

Dubai, UAE CNN —London-based Nigerian fashion designer Mowalola Ogunlesi has apologized after stirring a backlash online for showcasing a miniskirt with a print of the Saudi Arabian flag in her Spring 2024 collection at London Fashion Week on Friday. The Mowalola collection contained various flags as miniskirts, including those of China, the UK and Japan. The Saudi flag is not typically printed on clothing out of respect for the holy inscription. The Saudi flag is never flown at half-staff at times of national mourning anywhere in the world. Users on X criticized the design in posts and comments, calling it “disrespectful” and “offensive.”This miniskirt isn’t the first time Mowalola has used religious symbols in designs.

Persons: Mowalola Ogunlesi, Mohammed, ”, FarFetch, Ogunlesi, “, I’ve, ” Ogunlesi, Mowalola Organizations: UAE CNN —, London, Saudi, Saudi Ministry, Commerce Locations: Dubai, UAE, UAE CNN — London, Saudi Arabian, China, Japan, Saudi, Saudi Arabia

☆ Lonza’s CEO churn adds to company’s ailments
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Denis Balibouse Acquire Licensing RightsLONDON, Sept 18 (Reuters Breakingviews) - Lonza’s (LONN.S) new broom will face even more challenges than its old one. Since he was appointed CEO in 2020, the Swiss group has increased capital expenditure as a percentage of revenue from 20% to 30% last year. Even before Monday’s fall, the stock was trading at 32 times its forward earnings, around the same level as before its pandemic surge. The disruption of another CEO exit, without a clear explanation, means that the hoped-for growth will take even longer to arrive. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Denis Balibouse, Pierre, Alain Ruffieux, Albert Baehny, Aimee Donnellan, Neil Unmack, Streisand Neto Organizations: REUTERS, Reuters, Swiss, X, Thomson Locations: Lonza, Visp, Switzerland, Swiss

☆ Singapore Grand Prix: Red Bull fail to win a race for the first time this year as Ferrari’s Carlos Sainz takes victory
▼ + stars: | 2023-09-17 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

CNN —It has been a while since Red Bull failed to win a Formula One race so the Singapore Grand Prix gave fans some unexpected variety when Ferrari’s Carlos Sainz secured victory in Sunday’s night race. Such has been Red Bull’s dominance, the last time one of their drivers failed to win a race was in November 2022, when Mercedes’ George Russell won the Brazilian Grand Prix. Red Bull’s qualifying struggles opened the door for others on Sunday and it was Sainz who capitalized, claiming victory from pole position to end Red Bull’s hopes of winning every race this year. McLaren’s Lando Norris was second, while Mercedes’ Lewis Hamilton was third, finishing over a second behind the Spaniard who celebrated his second win for Ferrari. “We nailed the race,” Sainz told reporters.

Persons: Red Bull, Ferrari’s Carlos Sainz, Mercedes ’ George Russell, Max Verstappen, Sergio Perez, Perez, Red Bull’s, ” Verstappen, Sainz, McLaren’s Lando Norris, Mercedes ’ Lewis Hamilton, ” Sainz, “, ” Carlos Sainz, Clive Mason, Logan Sargeant, Williams, Esteban Ocon, Mercedes, Hamilton, George Russell, Ferrari’s Charles Leclerc, Norris, Russell Organizations: CNN, Red, Prix, Brazilian, Circuit, Reuters, Ferrari, Getty Locations: Singapore, Italy

☆ Lance Stroll: Formula One driver suffers huge crash during Singapore GP qualifying
▼ + stars: | 2023-09-17 | by ( Aimee Lewis | ) edition.cnn.com time to read: +1 min

CNN —Formula One driver Lance Stroll will miss Sunday’s Singapore Grand Prix after the Canadian suffered a huge crash in Saturday’s qualifying, his Aston Martin team said. In a statement on Sunday, the team said the 24-year-old was “still sore” and that repairing the car was a “huge job.”Lance Stroll crashes during the qualifying. “Our priority now is that he makes a full and speedy recovery. Stroll is ninth in the drivers’ championship. The Japanese Grand Prix takes place on September 24.

Persons: Lance, Aston Martin, ”, Mohd Rasfan, Mike Krack, ” Lance, Caroline Chia Organizations: CNN, Singapore, Prix, Canadian, Getty Locations: AFP

☆ AstraZeneca succession sickness demands urgent fix
▼ + stars: | 2023-09-15 | by ( Aimee Donnellan | ) www.reuters.com time to read: +3 min

LONDON, Sept 15 (Reuters Breakingviews) - Can a CEO be worth $9 billion? That’s the question posed by the 4% fall in AstraZeneca’s (AZN.L) shares following an article stating boss Pascal Soriot may soon resign. The company has played down the report, and its stock has recovered, but the episode highlights its uncertain position were 64-year-old Soriot to leave. Without a clear succession plan, investors should prepare for further swings. Small wonder investors and analysts wonder whether AstraZeneca will be able to find a successor capable of replicating his success.

Persons: Pascal Soriot, AstraZeneca’s, Ivan Menezes, Debra Crew, Soriot, Susan Galbraith, David Fredrickson, Luke Miels, Soriot’s, Neil Unmack, Streisand Neto Organizations: Reuters, Pfizer, pharma, Novartis, Sanofi, GSK, AstraZeneca, Diageo, Thomson Locations: AstraZeneca’s, Swedish

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