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☆ Saudi Arabia's new love for soccer could cause ripple effects across the sports world
▼ + stars: | 2023-01-06 | by ( Elliot Smith | ) www.cnbc.com time to read: +8 min

Portuguese football star Cristiano Ronaldo poses for a photo with the jersey after signing with Saudi Arabia's Al-Nassr Football Club in Riyadh, Saudi Arabia on December 30, 2022. Al Nassr Football Club / Handout/Anadolu Agency via Getty ImagesSoccer superstar Cristiano Ronaldo's move to Saudi club Al-Nassr, and the kingdom's growing investments in the sport, could have ripple effects across Europe and the U.S., experts have told CNBC. The former Real Madrid, Manchester United and Juventus star earlier this week contended that the "unique contract" was befitting of his status as a "unique player." The Financial Times reported in October that the Saudi PIF had committed more than $2 billion to sponsorship deals over the first eight months of 2022, most of which was directed toward domestic soccer competitions. The Saudi PIF's takeover of Newcastle United was met with criticism across the soccer world — deemed an effort to launder the country's reputation against the backdrop of a poor human rights record.

☆ Factbox: Tech firms leading job cuts in Corporate America
▼ + stars: | 2023-01-04 | by ( ) www.reuters.com time to read: +9 min

Jan 9 (Reuters) - Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Microsoft Corp (MSFT.O):The software giant laid off under 1,000 employees across several divisions in October, Axios reported, citing a source. However, Bloomberg later reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. HP Inc (HPQ.N):The computing devices maker said it expected to cut up to 6,000 jobs by the end of fiscal 2025. CNN:Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo that job cuts were underway.

☆ Meet 25 power players transforming Google's multi-billion dollar ad business for the privacy era of 2023 and beyond
▼ + stars: | 2022-12-27 | by ( Hugh Langley | ) www.businessinsider.com time to read: +1 min

Google is rebuilding its advertising business as it readies to ax third-party cookies and mobile identifiers. These changes will require advertisers to rethink how they target consumers and measure campaigns. Insider identified the 25 power players at Google spearheading these changes. It's spearheading an initiative called Privacy Sandbox that's trying to rebuild how online ads work. Insider identified 25 of the most powerful people dedicated to rebuilding the Alphabet company's advertising business in 2023, based on our original reporting.

☆ How actor Robin De Jesús became a TV show's secret weapon
▼ + stars: | 2022-12-26 | by ( Alicia Ramírez | ) www.nbcnews.com time to read: +6 min

Robin De Jesús always shows up. Kumail Nanjiani and Robin de Jesús in "Welcome to Chippendales." “With or without my consent, as a Latino actor, even with my light skin, I end up being the representative of my specific demographics: Latino Puerto Rican, working class,” the actor said. “It helped me clarify who my character was and his intentions.”Robin de Jesús and Kumail Nanjiani in "Welcome to Chippendales." “I’m a very fortunate actor that I get to do really, really beautiful work, but I’m still in my come-up,” he said.

☆ Bank of England readies another rate hike even as recession hits
▼ + stars: | 2022-12-15 | by ( Andy Bruce | ) www.reuters.com time to read: +4 min

The Monetary Policy Committee (MPC) has faced both encouraging and worrying news on the economy since a majority voted in early November to raise rates by 0.75 percentage point, the biggest hike since 1989. A big majority of the 54 economists polled by Reuters last week predicted a 0.5 percentage point increase in Bank Rate, which would take it to a 14-year high of 3.5%. Investors mostly agree although financial markets put a roughly 25% chance of another 0.75 percentage point hike. The annual rate of consumer price inflation dropped to 10.7% in November from 11.1% in October, a lower rate than the BoE had pencilled in last month. "We think the Bank will opt for further hikes in the first half of 2023, until inflation shows less momentum."

☆ Heavy snow in Britain disrupts travel; National Grid readies two coal plants
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: +2 min

[1/5] A person walks through the snow as cold weather continues, in London, Britain, December 12, 2022. Operations in many parts of the city's underground network were either suspended or faced delays, while motorways witnessed gridlocks due to snow. The snow caused issues for commuters and holidaymakers at the start of a fortnight where rail workers and border officials plan industrial action. Southeastern, which operates rail services into London, advised passengers not to travel due to severe disruption caused by snow and ice. Meanwhile, Britain's National Grid (NG.L) on Monday issued a notification to warm two winter contingency coal plants.

REUTERS/Thomas PeterDec 6 (Reuters) - China's capital Beijing dropped the need for people to show negative COVID tests to enter supermarkets and offices on Tuesday, the latest in an easing of curbs across the country following last month's historic protests. "Beijing readies itself for life again" read a headline in the government-owned China Daily newspaper, adding that people were "gradually embracing" the slow return to normality. That has sparked optimism among investors for a broader reopening of the world's second biggest economy that could boost global growth. This marks the first decline in Nomura's closely-watched China COVID lockdown index since the start of October, nearly two months ago. Reporting by Ryan Woo and Bernard Orr in Beijing; Writing by John Geddie; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

☆ Nike readies the physical release of its first metaverse-driven 'Cryptokicks.' Here's how to get a pair of these real-world sneakers.
▼ + stars: | 2022-12-05 | by ( Matthew Kish | ) www.businessinsider.com time to read: +3 min

Nike's RTFKT on Monday announced the upcoming physical release of "Cryptokicks iRL." The NFTs can be redeemed for physical shoes. The Nike Air Mag is the futuristic Nike shoe worn in the movie "Back to the Future 2." Nike isn't the first sneaker company to release a physical shoe designed in the metaverse. Boston-based Endstate, whose cofounders include Nike design veteran Stephanie Howard, sell virtual sneakers that come with a physical counterpart.

For October-December, (Japan's) production will likely be almost flat or slightly decrease from the previous quarter," said Shumpei Fujita, economist at Mitsubishi UFJ Research and Consulting, pointing to the global economic slowdown as a culprit. Factory output fell 2.6% in October from a month earlier on a seasonally adjusted basis, government data showed on Wednesday. Production machinery output slipped 5.4%, taking a hit from soft demand for equipment to make semiconductors and flat-panel displays. While output of compact cars for the domestic market grew, production and shipment of export-oriented larger vehicles was down due to chip shortages, the METI official said. The impact of China's recent lockdown remains unclear, the METI official said, adding the spill-over effects for Japanese manufacturers may only appear in November or December statistics.

☆ Exclusive: Tesla readies revamped Model 3 with project 'Highland' -sources
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +6 min

[1/2] A Tesla Model 3 sedan, its first car aimed at the mass market, is displayed during its launch in Hawthorne, California, U.S. March 31, 2016. Tesla’s Shanghai Gigafactory will put the redesigned Model 3 into production in the third quarter of 2023, they said. CHANGE YOU CAN SEEThe redesign for the Model 3 builds on the revamp of the Model S -- Tesla’s premium EV sedan -- that was released last year. The Model 3, Tesla’s cheapest EV starting at just under $47,000 in the United States, had been the automaker’s best-seller but is being overtaken by the Model Y crossover. KEEP IT SIMPLEMusk has pushed a simplified approach to design and production at Tesla that the Highland project extends, said the people with knowledge of the development.

☆ Twitter readies relaunch of 'Verified' service
▼ + stars: | 2022-11-25 | by ( Delon Thornton | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwitter readies relaunch of 'Verified' serviceAfter much delay and controversy following Twitter's $8 blue service release, CEO Elon Musk will finally launch the site's 'Verified' service. The service is Elon Musk's latest attempt at finding a new revenue stream at Twitter. Earlier this month Twitter's blue service, which allowed anyone to pay for a blue check, was abused by users.

☆ Ukraine urges limiting electricity use and readies voluntary Kherson evacuation
▼ + stars: | 2022-11-21 | by ( Pavel Polityuk | ) www.reuters.com time to read: +5 min

[1/5] A woman walks past a statue in the central sqaure after Russia's military retreat from Kherson, Ukraine November 21, 2022. President Volodymyr Zelenskiy has said that half of the country's power capacity had been knocked out by Russian rockets. Ukraine narrowly escaped disaster during fighting at the weekend that rocked the plant, Europe's largest, with a barrage of shells. The head of Russia's state-run nuclear energy agency, Rosatom, said it had discussed Sunday's shelling with the IAEA, and said there was a risk of a nuclear accident. Ukraine's nuclear energy firm Energoatom said Russia's military shelled the site, accusing it of nuclear blackmail and actions that were "endangering the whole world".

☆ EU readies next steps to boost its capital market
▼ + stars: | 2022-11-17 | by ( Huw Jones | ) www.reuters.com time to read: +2 min

Mairead McGuinness said there had been good progress in building the EU's capital markets union (CMU) but more needed to be done to ease reliance on banks for funding companies and the economy, and on London post-Brexit for clearing euro denominated swaps. "We are still over-reliant on central counterparties outside the European Union and this is also a matter of financial stability," McGuinness told an event held by the Association for Financial Markets in Europe (AFME). "In the unlikely case of something going wrong, we would not be in the driving seat for decisions, so we want to increase the attractiveness of clearing in the EU," she said. The EU is watching closely steps being taken by Britain to bolster the competitiveness of its financial sector, now largely cut off from the bloc. "We realise that for the size of our economy the capital markets don't reflect that, as we rely very heavily on bank finance and that is not appropriate."

Consumer prices rose 11.1% in the 12 months to October, the most since October 1981 and a big jump from 10.1% in September, the Office for National Statistics said on Wednesday. Economists in a Reuters poll - many of whom think inflation is probably peaking around now - had forecast inflation would rise to 10.7%. In response to the data, Hunt - who is due to outline a new budget on Thursday - said "tough but necessary" decisions were required to tackle rising prices. Producer price data showed there was still inflation pressure in the pipeline but hinted at a possible slowdown. Manufacturers' costs for raw materials and energy rose at their slowest pace since March but at 19.2% the increase was still huge by historical standards.

☆ Factbox: Corporate America cuts thousands of jobs as recession looms
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +5 min

Job cuts announced by U.S.-based employers jumped 13% to 33,843 in October, the highest since February 2021, according to a report. However, Bloomberg on Sunday reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. Coinbase Global (COIN.O):The cryptocurrency exchange said it planned to cut over 60 jobs, in its recruiting and institutional onboarding teams. read moreThe move marks a second round of jobs cuts at the company this year, and comes at a time when cryptocurrencies have been roiled by extreme volatility as investors dump risky assets. Walt Disney Co (DIS.N):The media giant is planning to freeze hiring and cut some jobs, according to a company memo seen by Reuters.

☆ UK inflation hits 41-year high of 11.1% as Hunt readies budget
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

Consumer prices rose by 11.1% in annual terms last month, the highest reading since October 1981 and a big jump from 10.1% in September, the Office for National Statistics said on Wednesday. Economists polled by Reuters had forecast the inflation rate would rise by less to 10.7%. Hurting those on the lowest incomes the most, prices of food and non-alcoholic beverages rose at the fastest rate since 1977, the ONS said. The ONS said low-income households were facing a bigger hit from inflation than the wealthiest as energy and food take up a bigger share of their spending. The lowest-income households suffered an inflation rate of 11.9% while top earners faced a 10.5% rate, it said.

☆ Crypto readies itself for a post-FTX hose-down: podcast
▼ + stars: | 2022-11-15 | by ( John Foley | ) www.reuters.com time to read: 1 min

NEW YORK, Nov 15 (Reuters Breakingviews) - The collapse of Sam Bankman-Fried’s empire exposed the vulnerabilities of a vast, unregulated world of digital finance. Rivals like Circle CEO Jeremy Allaire hope to prove there’s a safer side of crypto worth saving. He presents his case in this episode of The Exchange podcast. Listen to the podcastFollow @johnsfoley on TwitterEditing by Sharon Lam and Amanda GomezOur 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.

☆ As Trump readies possible 2024 White House run, GOP megadonors back DeSantis, Youngkin, other Republicans
▼ + stars: | 2022-11-15 | by ( Brian Schwartz | ) www.cnbc.com time to read: +7 min

Sabin contributed $55,000 this year to a pro-DeSantis PAC, Friends of Ron DeSantis, which supported the Florida governor's successful bid for reelection, according to state campaign finance records. Trump, meanwhile, has scheduled a primetime announcement Tuesday night, heavily hinting that it will be his presidential campaign launch. Trump also endorsed dozens of winning House candidates, but many of those Republicans were in firmly red districts without a serious competitor. Ross hosted a fundraiser for Trump at his Hamptons home in 2019 to raise money for Trump's campaign and the Republican National Committee. While Levine didn't personally donate to Trump's races, he helped raise campaign cash for several other candidates Trump endorsed in the last cycle.

☆ Trump lashes out at DeSantis and Virginia Gov. Youngkin as he readies 2024 launch in the week ahead
▼ + stars: | 2022-11-12 | by ( Christina Wilkie | ) www.cnbc.com time to read: +4 min

WASHINGTON — As former President Donald Trump readies for the planned launch Tuesday of his 2024 presidential campaign, he issued fresh broadsides against two Republican governors who emerged as early favorites to challenge him for his party's nomination: Florida Gov. That's the message Republicans must deliver to Donald Trump. Arkansas Republican Gov. "President Trump has racked up over 215 wins for his endorsements — a truly unprecedented accomplishment and something only possible because of President Trump's ability to pick and elect winners," Trump spokesman Taylor Budowich told CNBC. DeSantis won reelection in a landslide, defeating former Florida Gov.

☆ Factbox: Corporate America leans on job cuts as recession fears mount
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +4 min

Nov 7 (Reuters) - Corporate America is cutting thousands of jobs to rein in costs amid tightening monetary policy and growing fears of a recession. Job cuts announced by U.S.-based employers jumped 13% to 33,843 in October, the highest since February 2021, a report said. Microsoft:Microsoft Corp (MSFT.O) laid off under 1,000 employees across several divisions this week, Axios reported, citing a source. However, Bloomberg on Sunday reported Twitter was reaching out to dozens of employees who lost their jobs, asking them to return. Chime:Online banking firm Chime has laid off 12% of its employees, or about 160 jobs, a spokesperson said.

☆ Factbox: Corporate America lays off thousands as recession worries mount
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +7 min

DoorDash Inc (DASH.N):The food delivery firm, which enjoyed a growth surge during the pandemic, said it was reducing its corporate headcount by about 1,250 employees. Twitter Inc:The social media company laid off half its workforce across teams ranging from communications and content curation to product and engineering following Elon Musk's $44 billion takeover. Chime Financial Inc:The online banking firm has laid off 12% of its employees, or about 160 jobs, a spokesperson said. Coinbase Global (COIN.O):The cryptocurrency exchange said it planned to cut over 60 jobs, in its recruiting and institutional onboarding teams. CNN:Warner Bros Discovery-owned (WBD.O) CNN's top boss Chris Licht informed employees in an all-staff memo that job cuts were underway.

PHILADELPHIA/LATROBE, Pa., Nov 5 (Reuters) - U.S. President Joe Biden told voters in Pennsylvania that a Democratic loss in Tuesday's midterm elections would have "decades" of consequences, while Republican candidates for Congress predicted a sweeping victory. Still, opinion polls show a significant number of Republican voters accept the claim, as do many candidates for Congress, governor and state offices overseeing election administration. Speaking before Trump at a rally in Latrobe, Pennsylvania, Representative Glenn Thompson told supporters that Republicans were headed for major gains on Tuesday. TRUMP READIES ANOTHER RUNTrump is set to gin up support for his handpicked Republican Senate nominee, Oz, and Republican gubernatorial nominee Doug Mastriano at a rally in Latrobe, southeast of Pittsburgh. Nonpartisan election forecasters and polls show Republicans are heavy favorites to win control of the House, with the Senate a toss-up.

PITTSBURGH/LATROBE, Pa., Nov 5 (Reuters) - Former President Barack Obama warned about divisions fueling a "dangerous climate" in U.S. politics as he stumped for Democratic candidates on Saturday three days ahead of midterm elections that will determine control of Congress. "This habit we have of demonizing political opponents, of saying crazy stuff, it creates a dangerous climate," Obama said, without referencing Republicans directly. Republicans contend that Democrats have also engaged in political violence, citing the widespread anti-racism protests that rocked the country in 2020. They have criticized Democrats for failing to keep their focus on inflation and crime, two of voters' principal concerns, according to most opinion polls. Scott Flaherty, a 53-year-old mechanic from Pittsburgh who was heading to the Trump rally, said he is tired of Democrats calling Republicans extreme.

☆ Bank of England readies for biggest rate rise since 1989
▼ + stars: | 2022-11-03 | by ( David Milliken | ) www.reuters.com time to read: +4 min

[1/2] A general view of the Bank of England (BoE) building, the BoE confirmed to raise interest rates to 1.75%, in London, Britain, August 4, 2022. Markets are now more stable, with British government borrowing costs broadly back to where they were before the upheaval. Purchasing managers' data slid in October to its weakest since January 2021 when the economy was mired in a COVID-19 lockdown. Forty-six of 53 economists polled by Reuters expected the BoE to raise rates to 3% this month. Investors expect the BoE's Bank Rate to hit 3.5% in December and 4.75% next May - the highest since 2008 though below the peak of around 6% projected during last month's market turmoil.

☆ Welcome to the dangerous Swiss golf-baseball hybrid you've never heard of
▼ + stars: | 2022-10-25 | by ( Sean Coppack | Jack Bantock | ) edition.cnn.com time to read: +4 min

(CNN) To most people, the words Swiss sport and Emmental might trigger thoughts of Roger Federer eating cheese. Sending projectiles hurtling through the air at 200 miles per hour, all rise -- and then duck -- for Hornussen. Scoring starts if they reach the 100-meter line, with an additional point awarded for every 10 meters past the marker. "It's really dangerous if you don't see the Nouss or if one hits the bat and, two meters before the face, the Nouss changes direction," Kummer explained. Around 260 teams are active across a multi-league pyramid in Switzerland, with the top teams fighting it out for the Swiss Championship.

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