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☆ Rules don’t allow reconsideration of decision stripping Jordan Chiles' bronze medal, USA Gymnastics says
▼ + stars: | 2024-08-12 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +2 min

USA Gymnastics said Monday it can prove that a coach's appeal that put gymnast Jordan Chiles on the podium for a bronze medal in Paris was by the book, but the effort may be futile because the governing court said its rules don't allow for reconsideration in this case. However, Monday’s statement calls into question whether Chiles can keep her medal, which the International Olympic Committee said she must return, upholding the CAS ruling. “USA Gymnastics was notified by the Court of Arbitration for Sport (CAS) on Monday that their rules do not allow for an arbitral award to be reconsidered even when conclusive new evidence is presented,” USA Gymnastics said in its statement. But Chiles' coach, Cecile Landi, filed an inquiry, which was accepted and resulted in an elevated score of 13.766, allowing Chiles to leapfrog Bărbosu for bronze. The Romanian Gymnastics Federation and Bărbosu subsequently filed an appeal to the Court of Arbitration for Sport, arguing the inquiry was too late.

Persons: Jordan Chiles, Chiles, ”, Romania’s Ana Bărbosu, Cecile Landi, leapfrog, Bărbosu Organizations: USA, Sport, International Olympic Committee, Swiss Federal Tribunal, Jordan, U.S, Olympic, Paralympic, Romanian Gymnastics Federation Locations: Paris, U.S

☆ What are the best galleries in New York? Artists choose their favorites
▼ + stars: | 2024-08-12 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +5 min

CNBC asked artists to name their top New York galleries, ranging from the well-known to the underground. London-based screen-printing artist Diego Arellano likes Manhattan's Chelsea galleries for their large rooms and high ceilings. Hauser & Wirth has two Chelsea galleries, and both are currently showing work by Hungarian-born U.S. artist Rita Ackermann. The Dia Chelsea gallery in New York City will show an exhibition by British filmmaker Steve McQueen in September. Dia Chelsea | Elizabeth FelicellaBrooklyn resident and artist Zhuo Xiong also favors Chelsea galleries.

Persons: Sean Zanni, Patrick Mcmullan, Diego Arellano, Dia, Arellano, Dia Chelsea, Steve McQueen, Wirth, Rita Ackermann, The Dia, Elizabeth Felicella, Zhuo Xiong, Chelsea —, David Zwirner, Xiong, Wendy Olsoff, Penny Pilkington, Edward Akrout, Akrout, Sasha Maslov, Solomon, Eugene Gologursky, Kate Lewis, Matisse, Hopper, Degas, Henri Matisse, Edgar Degas, Edward Hopper, Lewis, Whitney, Metropolitan Museum of Art Xiong, —, gallerists Akrout, Rob Kim Organizations: Whitney Museum of American Art, Getty, Metropolitan Museum of Art, of Modern Art, Art Newspaper, CNBC, Chelsea, Hauser & Wirth, Hauser, The, Tribeca, New, Arellano, Whitney, MoMA, Guggenheim, Whitney Museum of American, Guggenheim Museum, Solidarity, Museum of Modern Art, Maison, Broadway, Swiss Institute Locations: New York City, York, New York, London, Hungarian, The Dia Chelsea, British, Elizabeth Felicella Brooklyn, Chelsea, Tribeca, Ukraine, Mriya, Meatpacking, Manhattan, Midtown, Inner Mongolia, Chinatown, East, Chinatown , New York

☆ Jordan Chiles case won’t be reconsidered, CAS tells USA Gymnastics
▼ + stars: | 2024-08-12 | by ( Mark Cooper | Tess Demeyer | ) www.nytimes.com time to read: +2 min

The Court of Arbitration for Sport on Monday rejected USA Gymnastics’ request to reopen the case into the Olympic gymnastics women’s floor exercise scoring, one day after the International Olympic Committee said Jordan Chiles’ bronze medal would be reallocated to Ana Bărbosu of Romania. AdvertisementThat led the International Gymnastics Federation to amend its floor exercise standings, dropping Chiles to fifth, and prompted the IOC to adjust its medals accordingly. USA Gymnastics, however, said Sunday it received video evidence showing the coach, Cecile Landi made the appeal 47 seconds after Chiles’ score was posted — 13 seconds within the window — and it submitted the evidence to CAS for review. But Landi submitted an inquiry to challenge the difficulty score of Chiles’ routine. Its ruling invalidated Chiles’ score.

Persons: Jordan Chiles ’, Ana Bărbosu, Chiles, —, Cecile Landi, Bărbosu, Sabrina Maneca, Landi, Alex Gottschalk Organizations: Sport, Monday, International Olympic, International Gymnastics Federation, IOC, USA, Swiss, Tribunal, Swiss Federal Tribunal, Jordan Locations: Romania, Romanian

☆ Jordan Chiles: Everything to know about the controversy over the gymnast’s bronze medal
▼ + stars: | 2024-08-12 | by ( Chelsea Bailey | ) edition.cnn.com time to read: +7 min

USA gymnast Jordan Chiles was stripped of her first individual Olympic medal after the Romanian gymnastics team challenged her final score. But as the stadium erupted in celebration over Brazil’s Rebeca Andrade’s gold medal, USA Gymnastics Coach Cecile Landi filed an inquiry over Chiles’ difficulty score. Simone Biles and Jordan Chiles playfully bow to Brazil's Rebeca Andrade during the Olympic medal ceremony. They argued the USA Gymnastics inquiry was filed 4 seconds after the one-minute deadline and Chiles’ initial score of 13.666 should be upheld. USA Gymnastics’ appeal is deniedUSA Gymnastics said the Court of Arbitration for Sport has denied its appeal for Chiles to keep her floor exercise bronze medal.

Persons: Jordan Chiles, Chiles, Romania’s Ana Bǎrbosu, Sabrina Maneca, Brazil’s, Cecile Landi, Landi gaped, Biles, Andrade, Simone Biles, Brazil's Rebeca Andrade, Gabriel Bouys, “, Bǎrbosu, Voinea, Ana Bǎrbosu, Mike Blake, Chiles “, ” Chiles, ”, Naomi Baker, Landi, Usain Bolt, he’d, Nesta Carter, CNN’s Jacob Lev, Issy Ronald, Ben Morse, Dan Moriarty, David Close Organizations: CNN, Getty, Federation, Romanian Gymnastics Federation, Sport, US Olympic, Paralympic, Team USA, USA, USA Gymnastics, Swiss Federal Tribunal, Jordan, ” CNN, International Olympic Committee Locations: Romanian, AFP, Romania

☆ A crypto data leak led the FBI to America's most wanted sex trafficking fugitive. Now, the victims want his bitcoins.
▼ + stars: | 2024-08-11 | by ( Laura Italiano | ) www.businessinsider.com time to read: +16 min

Four bitcoin wallets that led to sex-trafficking fugitive Michael Pratt's capture are seen in the bottom left corner. AdvertisementFrom Michael Pratt's 2019 criminal complaint. Federal prosecutors say Pratt increased traffic by forwarding each victim's video link to her school, work, family, and social connections. Michael Pratt's Swiss ID and Barcelona Mailboxes Etc. AdvertisementThese days, DeBarber runs the Baltimore-based Phoenix AI cybersecurity firm with cofounder Justine Li, a Girls Do Porn victim and plaintiff.

Persons: —, Michael James Pratt —, Pratt, Michael Pratt's, Michael Pratt, it's, Charles DeBarber, ike, ake, ould, ong, hough, erving, J ames, rove, ratt, ong K ong, egan, ove, arlene, lew, anni, rooke,, rian H olm,, wiss Organizations: Service, Spanish, Business, Spain's Policia Nacional, Policia Nacional, ust Locations: New Zealander, Madrid, Southern California, Spain, bitcoin, omiting,, ife, ictim

☆ Europe was on the brink of a night train revolution. Here’s what actually happened
▼ + stars: | 2024-08-09 | by ( Ben Jones | ) edition.cnn.com time to read: +11 min

Prior to the company’s demise, it had looked like Europe was poised for something of a night train revolution. Despite this demand, the hurdles for startups like Midnight Train trying to enter the market to meet it remain virtually insurmountable. Formidable obstaclesEuropean Sleeper is one of the few new night train operators to begin services, but the company has struggled to find rolling stock. “Politicians must be clear: the night train market will be effectively closed for a very long time,” he says. With the honorable exception of Nightjet, which plans to expand rapidly over the next five years, European night train services have yet to match the hype.

Persons: Adrien Aumont, Eva Plevier, Alex Halada, –, ÖBB, Nick Brooks, ”, “, Bart Biesemans, ” Brooks, Mark Smith, Robert Nemeti Organizations: CNN, Trains, Midnight Trains, Regiojet, Compagnie Internationale des, Orient Express, Getty, Austrian Federal Railways, Reuters, Barcelona, European Union, Swiss Federal Railways, Deutsche Bahn, Italian State Railways, Formidable, EU Locations: Europe, Stockholm, Denmark, Germany, Czech, Czechia, Slovakia, Ukraine, Prague, Croatia’s, Brussels, Amsterdam, Berlin, –, France, Barcelona, AFP, Spanish, Paris, Milan, Venice, Florence, Rome, Hamburg, Copenhagen, Madrid, Porto, Edinburgh, Anadolu, Vienna, Austria, Italy, Hungary, Poland, Belgium, Netherlands, Sweden, Sicily, Messina, Europe’s

☆ Hellen Obiri: ‘The marathon, it’s about being patient,’ says runner as she chases elusive Olympic gold medal
▼ + stars: | 2024-08-09 | by ( George Ramsay | ) edition.cnn.com time to read: +5 min

The decorated Kenyan runner hopes to change that in Paris over the coming days, entering the women’s marathon race as one of the favorites for the title. This will be Obiri’s fourth Games, making her a veteran in the women’s marathon field. Her introduction to marathon running, it’s fair to say, has been a learning curve. “When I go to the race, they [my coaches] told me that the marathon, it’s about being patient, waiting until the last minute,” said Obiri. Ethiopia’s Tigst Assefa, the current world record holder, is also a strong contender for the gold medal.

Persons: Hellen Obiri, Obiri, “ I’m, ”, you’re, ‘, I’ll, “, Peres Jepchirchir, Brigid Kosgei, Sifan Hassan, Ethiopia’s Tigst Assefa Organizations: CNN, Kenyan, CNN Sport, Stade de France, Athletics Club, Boston Marathon, London Marathon Locations: Boston, New York, Paris, Versailles, I’m, Kenya, Boulder , Colorado

☆ This hydrogen-powered aircraft could be the first to fly non-stop around the globe
▼ + stars: | 2024-08-09 | by ( Arjun Kharpal | Maria Gomez De Sicart | ) www.cnbc.com time to read: +1 min

To prove its potential, a team in Les Sables-d'Olonne, France is building a hydrogen-powered aircraft, which aims to be the first to circumnavigate the globe. It goes by the name Climate Impulse. So why did the Climate Impulse team decide on hydrogen fuel for the project? The team's aim is for Climate Impulse to attempt its round-the-world flight in 2028, with testing starting in 2026. Watch the video above for a behind-the-scenes look at the Climate Impulse project.

Persons: Bertrand Piccard, Piccard Organizations: defeatism, CNBC Tech Locations: Les, d'Olonne, France, Swiss

☆ The hedge fund trade unwind that jolted Wall Street this week may continue to agitate markets
▼ + stars: | 2024-08-09 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

The recent unwinding of the yen "carry trade" could remain a long-term headwind amid already turbulent markets. JPY= YTD mountain The Japanese yen's appreciation against the U.S. dollar marked the unwinding of the so-called carry trade. "There's still quite a significant yen short position out there," Osborne said. He estimates that there is still a roughly $15 billion yen short position through July 30, still to be covered. In other words, that short position could drive more strength in the yen as that position is covered.

Persons: —, Shaun Osborne, Osborne, Everyone's, Rob Ginsberg, Ginsberg, FedWatch, Ben Emons Organizations: Bank of, U.S, Scotiabank, U.S . Federal Reserve, Bloomberg, Wolfe Research, Swiss Locations: Bank of Japan, Japan

☆ Jamie Dimon says he's skeptical inflation will hit the Fed's 2% goal
▼ + stars: | 2024-08-08 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +3 min

Read previewJPMorgan chief Jamie Dimon is still predicting a recession. "I'm fairly optimistic that if we have a mild recession, even a harder one, we will be OK," Dimon told the outlet. This week, Dimon also told CNBC that he's skeptical the Fed will reach its goal of achieving maximum employment while returning inflation to a rate of 2% over the long run. Advertisement"They haven't really happened yet, but they are going to happen, and they're not deflationary," Dimon told the outlet of the potential market influences. Related storiesBut ultimately, Dimon said he doesn't think the rate effect itself is all that important.

Persons: —, Jamie Dimon, Dimon Organizations: Service, CNBC, Business, Swiss, JPMorgan

☆ Dollar gains after U.S. jobless claims fall more than expected
▼ + stars: | 2024-08-08 | by ( ) www.cnbc.com time to read: +4 min

Japanese yen banknotes of various denominations are arranged in Kawasaki, Japan, on Friday, June 23, 2023. The dollar rose on Thursday after new U.S. labor market data showed that unemployment benefits fell more than expected last week, easing fears of an imminent recession. Initial jobless claims fell to a seasonally adjusted 233,000 for the week ended Aug. 3, the Labor Department said on Thursday, suggesting fears that the labor market is unraveling were overblown. The sharp moves in the yen pushed the dollar index, which measures the U.S. currency against six others, including the yen, to a weekly high, before backing off. The Australian dollar rose 1.12% to $0.659, while the New Zealand dollar was up 0.25% at $0.601.

Persons: Shinichi Uchida, Eugene Epstein, Uchida, Marc Chandler, Jerome Powell, Vasu Menon, bitcoin, Ether Organizations: Labor Department, Bank of Japan's, Bannockburn Global Forex, U.S . Federal, Swiss, New Zealand Locations: Kawasaki, Japan, North America, Moneycorp, ., Bannockburn

☆ Correction in the dollar-yen was overdue and may be 'healthy' for markets, former ECB chief says
▼ + stars: | 2024-08-06 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

A carry trade involves an investor borrowing a currency with low interest rates and reinvesting it in higher-yielding assets elsewhere — taking advantage of that differential to make a financial gain. Investors piled into yen carry trades in recent years, attracted by Japan's low volatility and ultra-loose monetary policy. Global stock markets meanwhile plunged as "safe haven" assets such as the Swiss franc and U.S. Treasurys were bolstered. "You can't unwind the biggest carry trade the world has ever seen without breaking a few heads," Kit Juckes, chief foreign exchange strategist at Societe Generale, said in a Monday note. Trichet told CNBC Tuesday: "The correction can be seen as a healthy correction, in some respects.

Persons: it's, Jean, Claude Trichet, CNBC's, Treasurys, Kit Juckes, Trichet Organizations: European Central Bank, ., Bank of Japan, U.S, Global, Swiss, Societe Generale, CNBC, Federal Locations: France's, U.S, Europe, United States

☆ What to watch at the Olympics today: Elimination games for U.S. women’s soccer and men’s basketball
▼ + stars: | 2024-08-06 | by ( Lauren Merola | ) www.nytimes.com time to read: +7 min

There are six days of Olympic competition left and only four women’s soccer teams remain vying for gold. It’s also win or go home for the U.S. men’s basketball team, which went undefeated in pool play to emerge as the No. Trinity Rodman celebrates with Emily Fox after scoring the winning goal against Japan during the women’s quarterfinals of the Paris Games. Durant needs just four more points to become USA Basketball’s all-time leading scorer at the Olympics for both the men’s and women’s programs. The men’s long jump final, men’s 1,500-meter final, women’s 3,000-meter steeplechase and women’s 200-meter final close out a five-medal day in athletics.

Persons: It’s, Trinity Rodman, Emily Fox, Brad Smith, Rodman, Mallory Swanson, Sophia Smith —, Kevin Durant, Anthony Edwards, LeBron James, Durant, Lisa Leslie, Jayson Tatum, Steve Kerr, Holiday, Long, DeAnna Price, Annette Echikunwoke, Echikunwoke, Price, Poland’s Anita Wlodarczyk, Saint Lucia’s Julien Alfred —, Gabby Thomas, Wally Skalij, Sara Hughes, Kelly Cheng, Tanja Hüberli, Nina Brunner, Hughes, Cheng, Italy’s Valentina Gottardi, Marta Menegatti, Alexandra Klineman, Ross, Kerri Walsh Jennings, Jennings, Misty, Treanor, elly C heng!, E, mpics & Organizations: U.S, Japan, Paris Games, Getty, USA Network, Telemundo, United, Canada, Tokyo, Lyon, Germany, Trinity, USA, Bercy Arena, Team USA, NBA, Puerto Rico, Olympics, thwarts, Brazil, NBC, Stade de France, Olympic, Rio Games, Don’t, Eiffel, Los Angeles Times, Swiss, ris Locations: United States, Germany, Paris, U.S . Japan, Japan, Lille, Serbia, South Sudan, Puerto Rico, Brazil, France, USA, thwarts Puerto Rico, U.S, Tokyo, Canada, Rio

☆ Investors are unwinding the biggest ‘carry trade’ the world has ever seen, SocGen strategist says
▼ + stars: | 2024-08-05 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

Carry trades refer to operations wherein an investor borrows in a currency with low interest rates, such as the Japanese yen, and reinvests the proceeds in higher-yielding assets elsewhere. "You can't unwind the biggest carry trade the world has ever seen without breaking a few heads. A change in Japanese monetary policy prompted one strategist to warn of the "implosion" of the yen carry trade over a short-term basis. watch nowEd Rogers of Rogers Investment Advisors said the yen carry trade isn't dead yet, despite the deepening stock market sell-off. "Certainly there is going to be some momentary panic, I think, about the yen carry trade.

Persons: Richard A, Brooks, Kit Juckes, Juckes, Russell Napier, Ed Rogers, Rogers, CNBC's Organizations: Tokyo Stock Exchange, Afp, Getty, Swiss, Societe Generale, U.S, Bank of Japan, Rogers Investment Advisors Locations: Tokyo, London

☆ Triathlon: Germany wins gold after controversial mixed relay went ahead in River Seine
▼ + stars: | 2024-08-05 | by ( Ben Church | Thomas Schlachter | ) edition.cnn.com time to read: +4 min

CNN —Despite two athletes falling ill and an ongoing controversy around water quality in the River Seine in the run-up to the race, the mixed relay triathlon went ahead on Monday with Germany securing a dramatic gold medal in Paris. Both the men’s and women’s races eventually got underway on Wednesday, but the fallout has continued ahead of the mixed relay. Ongoing sagaThe decision to hold some swimming events in the River Seine raised eyebrows when it was first announced. Triathletes dive into the River Seine during the mixed relay race. The three were involved in a frantic sprint finish, with Lindemann just getting ahead to win Germany’s first triathlon medal in any discipline since 2008.

Persons: Claire Michel, Adrien Briffod, Hanspeter Betschart, “ We’ve, it’s, we’re, ” Carolyn Broderick, Germany’s Laura Lindemann, Piroschka Van De Wouw, Alex Yee, Germany’s Lindemann, USA’s Taylor Knibb, Lindemann, Hayden Wilde, Pierre Le Corre Organizations: CNN, Germany, Belgium, Swiss, Swiss Olympic, Games, Paris, USA, Reuters, Team, New Zealand Locations: Paris, Switzerland, Belgium, Seine, Britain, Tokyo, France, French

☆ Want to invest $50,000? Here are 5 ETFs to buy and hold, according to a wealth manager
▼ + stars: | 2024-08-05 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

ETFs hold a collection of securities , like stocks or bonds, and so offer more diversification than a single asset. CNBC Pro asked Dennison for his top ETF picks that someone looking to invest $50,000 can buy and hold long-term. Avantis International Small Cap Value ETF Dennison says he's "very happy" with the Avantis International Small Cap Value ETF (AVDV-US). DFA Dimensional U.S. Small Cap Value ETF Another small-cap-focused ETF on Dennison's radar is the Dimensional US Small Cap Value ETF (DFSV-US), which owns companies that are "in corners of the market that are harder to reach." The Dimensional US Small Cap Value ETF is currently around 6% higher over the year to date.

Persons: Tariq Dennison, Dennison, he's, Spencer, Weizhen Tan, Ganesh Rao Organizations: Fidelity, GFM Asset Management, CNBC Pro, Value, U.S, Abercrombie, Fitch, Cadence Bank, Commercial Metals, JPM Global Equity, Global Equity, Arista Networks, Walmart, Deutsche Telekom, ASM International, Novo Nordisk, Vanguard Locations: U.S, Swiss, Dennison

☆ One Ukrainian journalist’s mission to stop Russian and Belarusian athletes competing at the Paris Olympics
▼ + stars: | 2024-08-04 | by ( Svitlana Vlasova | ) edition.cnn.com time to read: +14 min

Journalist Artem Khudolieiev was another Ukrainian who felt passionately that Russian and Belarusian athletes shouldn’t be allowed to compete at the Paris Olympics for having openly supported the war in Ukraine. As a result, he started checking the social media output of Russian and Belarusian athletes as well as watching videos of various events held in the two countries. There are those who also sympathize with Russian athletes,” Vadym Gutzeit, head of the Ukrainian National Olympic Committee, said in an interview with CNN. We have nothing further to add.”The Russian Olympic Federation did not respond to CNN’s request for comment regarding Larin and Khramtsov. “The Russian Judo Federation condemns the unsportsmanlike method of qualification, which is geared to undermine the principles of unity of our team and break the spirit of Russian athletes,” said Soloveichik.

Persons: Elina Svitolina, Wladimir Klitschko, Artem Khudolieiev, shouldn’t, ” Khudolieiev, Svitlana Vlasova, CNN “, ”, Khudolieiev, “, ” Vadym Gutzeit, let’s, ” Vladislav Larin –, –, Larin, Maxim Khramtsov, Khramtsov, Putin, Viacheslav, ” Gutzeit, Sergey Soloveichik Organizations: CNN —, Paris Olympics, CNN, Ukraine, Olympic Committee, Olympic Games, Watchers Media, National Olympic Committee, Ministry of Sport, Olympics, Ukrainian National Olympic Committee, Russian, Tokyo, Khudolieiev, Olympic, World Taekwondo, Swiss Foundation for Mine, Publishing, IOC, Russian Olympic Federation, “ Posts, International, Russian Federation, Military Games, Russian Judo Federation Locations: Ukrainian, Ukraine, Russia, Belarus, Russian, Kharkiv, “, Belarusian, AIN, Paris

☆ Belgium drops out of mixed triathlon and Switzerland shuffles line-up after athletes fall ill following race in River Seine
▼ + stars: | 2024-08-04 | by ( Kyle Feldscher | Issy Ronald | ) edition.cnn.com time to read: +7 min

Paris CNN —Belgium has withdrawn from the mixed relay triathlon race on Monday and Switzerland has had to mix up its roster after athletes from both countries fell ill following the initial triathlon races last week. The statement did not specify Michel’s illness, which was reported days after she swam in the River Seine during the women’s triathlon on Wednesday. “Claire Michel, a member of the relay, is unfortunately ill and must withdraw from the competition.”Michel finished 38th in the women’s triathlon competition on Wednesday. Swiss Olympic Chief Medical Officer Hanspeter Betschart noted that it is unclear if Briffod’s infection is related to the Seine’s water quality. The athletes had largely put their trust in organizers to ensure that the water quality was safe for them.

Persons: Claire Michel, “ Claire Michel, ” Michel, Jasper Jacobs, Adrien Briffod, Simon Westermann, Hanspeter Betschart, ” Betschart, Météo, ”, Julie Derron, Alex Yee, “, Paris Mayor Anne Hidalgo, –, CNN’s, De La Fuente, Kevin Dotson, Chris Liakos Organizations: Paris CNN —, Olympic Committee, Belgian, Belgian Hammers, Paris Olympic, Wednesday, Getty, Olympic, Swiss, Swiss Olympic, Paris, Triathlon, Medical, City of, Training, Games, Paris Mayor, CNN, CFU, Palais Locations: Paris CNN — Belgium, Switzerland, Belgium, AFP, Paris, Météo France, City, City of Paris, Prefecture, France, Seine, Austerlitz, Alexandra

☆ I had my first baby in Switzerland and the second after moving home to Chicago. Giving birth in the US left much to be desired.
▼ + stars: | 2024-08-02 | by ( Chantal Panozzo | ) www.businessinsider.com time to read: +7 min

AdvertisementArrival at the delivery ward in the US vs SwitzerlandSo no, the suburban Chicago hospital had no birthing stool. In Switzerland, the standard of care is a five-day hospital stay for a vaginal birth and a 10-day hospital stay for a C-section. AdvertisementDuring my five-day hospital stay in Switzerland, in addition to constantly monitoring my baby and my health, I was taught to breastfeed, diaper, and bathe my baby. The author found giving birth in Switzerland much easier than back home in Chicago. AdvertisementChantal Panozzo is writing a book about what she wishes she'd known about American life before giving up her Swiss residency permit.

Persons: —, GYN, I'd, Chantal Panozzo, Peterson, haven't, she'd Organizations: Service, Business, Swiss, OB, Commonwealth Fund, Disease Control Locations: Chicago, Switzerland, Swiss, America

☆ Safe-haven yen, Swiss franc soar as U.S. slowdown fears flare
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: +2 min

Swiss Franc banknotes sit in the office of a bank in this arranged photograph in Zurich, Switzerland, on Friday, Nov. 20, 2015. The safe-haven Japanese yen and Swiss franc traded near multi-month highs against the dollar on Friday after an unexpected slump in U.S. manufacturing fuelled fears of a downturn, sending stocks and bond yields tumbling. The yen traded around 0.2% stronger at 149.085 per dollar, after popping as high as 148.51 overnight for the first time since mid-March. They were the only two major currencies to outperform the dollar overnight, which itself draws safe-haven flows, paradoxically even when the United States is the cause for concern. ECB policymaker Yannis Stournaras raised the risk of a weak euro zone economy sending inflation below the 2% target in an interview published on Thursday, reaffirming his expectation for two rate cuts this year.

Persons: Sterling, Tony Sycamore, Sycamore, BoE Governor Andrew Bailey, ECB policymaker Yannis Stournaras Organizations: Swiss, Bank of England, European Central Bank, Japan's Nikkei, IG, Federal Reserve, ECB policymaker Locations: Zurich, Switzerland, United States, Asia, U.S

☆ Gold and some non-dollar currencies start to shine, but it's not all about de-dollarization
▼ + stars: | 2024-08-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

AdvertisementThe amount of gold holdings in global reserves has doubled in just over five years, according to Bloomberg Intelligence analysis. "As the yellow metal carries no credit or counter-party risk, some deem it as being better insulated from financial sanctions, particularly those from the emerging world," wrote UBS' Czerwonko. Advertisement"The situation in competing jurisdictions is also dire; in the land of the blind, the one-eyed man can remain king," wrote Czerwonko. AdvertisementSimilarly, Bloomberg Intelligence said said a Wednesday report that a potential second Trump term could hasten a global currency regime change. "Any title toward isolationism in a Trump second term, such as altered US attitudes toward its role in NATO and international affairs would spur de-dollarization," wrote Bloomberg Intelligence analysts.

Persons: —, Alejo Czerwonko, Czerwonko, Trump Organizations: Service, UBS, Business, International Monetary Fund, Bloomberg Intelligence, Trump, NATO Locations: Ukraine, Moscow, Swiss, Americas

☆ Shell beats second-quarter profit expectations, launches $3.5 billion share buyback program
▼ + stars: | 2024-08-01 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. British oil giant Shell on Thursday posted stronger-than-expected second-quarter profit despite lower refining margins and weaker liquified natural gas trading. The company reported adjusted earnings of $7.7 billion in the first quarter of 2024. Shell said it would launch a $3.5 billion share buyback program over the next three months, a similar scheme as in the previous quarter. British rival BP on Tuesday increased its dividend and extended its share repurchasing program on the back of stronger-than-expected earnings.

Persons: LSEG, Shell's, Shell, Wael Sawan, CNBC's, Sawan, Chandra Asri Organizations: Shell, Chandra, BP, Exxon Mobil, Chevron Locations: Radstock, Somerset, England, Singapore, Rotterdam, Netherlands, Swiss, London

☆ A Pattern of Lavish Spending at a Leading L.G.B.T.Q. Nonprofit
▼ + stars: | 2024-08-01 | by ( Emily Steel | ) www.nytimes.com time to read: +1 min

A light rain fell at the Zurich airport one Sunday morning in January 2023 as Sarah Kate Ellis made her way from a seat in Delta’s most exclusive cabin to a waiting Mercedes. It was there to chauffeur her to the Swiss Alps, where she and her colleagues would stay at the Tivoli Lodge, a seven-bedroom chalet that cost nearly half a million dollars to rent for the week. Ms. Ellis, who was en route to the World Economic Forum in Davos, doesn’t run a Wall Street bank or a high-flying tech start-up. She is the chief executive of the nonprofit organization GLAAD, one of the country’s leading L.G.B.T.Q. The trip was part of a pattern of lavish spending at GLAAD, much of it by Ms. Ellis, that may have violated the organization’s own policies as well as Internal Revenue Service rules.

Persons: Sarah Kate Ellis, Mercedes, Ellis, doesn’t Organizations: Economic, GLAAD, The New York Times, Revenue Service Locations: Zurich, Delta’s, Swiss, Davos

☆ Imane Khelif: Algeria boxer who had gender test issue wins first Olympic fight in Paris when opponent quits
▼ + stars: | 2024-08-01 | by ( Associated Press | ) edition.cnn.com time to read: +7 min

Villepinte, France AP —Imane Khelif of Algeria won her opening Olympic boxing bout Thursday when opponent Angela Carini of Italy quit after just 46 seconds. Carini and Khelif exchanged only a few punches before Carini walked away and abandoned the bout — an extremely unusual occurrence in Olympic boxing. They were allowed to compete in Paris by the IOC task force, which has run the past two Olympic boxing tournaments. Olympic boxing reached gender parity for the first time this year, with 124 men and 124 women competing in Paris. Several sports have updated their gender rules over the past three years, including World Aquatics, World Athletics and the International Cycling Union.

Persons: Angela Carini, Khelif, Carini, “, ” Carini, it’s, ” Khelif, Lin Yu, Lin, Uzbekistan’s, Imane, Giorgia Meloni, we’re, Meloni, ” Meloni, Mark Adams, ”, ” Lin, Umar Kremlev, Caitlin Parker, It’s, Nicole Winfield Organizations: France AP, Paris Olympics, North Paris, IBA, Algerian Olympic, Tokyo Games, IOC, Athletics, International Cycling Union, Gazprom, Los Angeles Games, Sport, Swiss, Tribunal, Associated Locations: Villepinte, France, Algeria, Italy, Taiwan, Paris, Janeiro, Russia, Australia, Rome

☆ Glencore's ex-head of oil charged with bribery offences by Britain's Serious Fraud Office
▼ + stars: | 2024-08-01 | by ( ) www.cnbc.com time to read: 1 min

An employee stands by a logo for Glencore Agriculture in Glencore Plc's offices in Rotterdam, Netherlands. Glencore's former head of oil Alex Beard has been charged with bribery offences relating to the Swiss commodity trader's operations in Africa, Britain's Serious Fraud Office said on Thursday. Beard, 56, is charged with two conspiracies to make corrupt payments to government officials and officials of state-owned oil companies in Nigeria between 2010 and 2014 and in Cameroon between 2007 and 2014, the SFO said. He is one of five ex-Glencore employees charged with conspiracy to make corrupt payments.

Persons: Glencore's, Alex Beard, Beard Organizations: Glencore Agriculture, SFO Locations: Glencore, Rotterdam , Netherlands, Africa, Nigeria, Cameroon

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