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☆ The UK economy is bigger than we thought. It still has ‘a growth problem’
▼ + stars: | 2023-09-04 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

London CNN —The UK economy recovered from the Covid-19 pandemic much faster than previously thought, according to major revisions of official statistics that have erased Britain’s laggard status overnight. The ONS had said as recently as last month that UK GDP had still not reached its pre-pandemic size by the second quarter of this year. “UK growth has still been very sluggish, even if it’s not at the bottom,” said Prof. Huw Dixon, who leads research in economic measurement at the National Institute of Economic and Social Research. So while the size of the economy is bigger than we thought, Britain still has a growth problem.”Richer dataIn 2020, the UK economy suffered its biggest slump in more than three centuries, recovering sharply the following year off a low base. Annual GDP growth for 2021 was also revised up by 1.1 percentage points to 8.7%.

Persons: ” Ruth Gregory, “, ”, Huw Dixon, ” Dixon, ” John Springford, Richer, That’s, Frost, Darren Morgan, Henry Nicholls, Jeremy Hunt, Gregory, Nomura Organizations: London CNN, Office, National Statistics, ONS, Capital Economics, National Institute of Economic, Social Research, CNN, Centre, European Reform, Getty Images, Bank of England Locations: Germany, United States, Canada, Japan, Italy, France, Britain, Petticoat Lane, AFP, United Kingdom

☆ BYD earnings: The numbers we're seeing aren't a 'blip,' says Frost & Sullivan
▼ + stars: | 2023-08-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBYD earnings: The numbers we're seeing aren't a 'blip,' says Frost & SullivanVivek Vaidya, associate partner at Frost & Sullivan, discusses the Chinese electrical vehicle maker's strong results and its "very consistent strategy." He says "what we see is nothing short of history."

Persons: aren't, Frost, Sullivan Vivek Vaidya, Frost & Sullivan Organizations: Frost &

It was billed as a modest proposal that would help heal the traumas of history and unite the country. Australia would change its Constitution to recognize the original inhabitants of the land and enshrine an advisory body in Parliament for Aboriginal people, giving them a greater say on issues that affect their lives. But over the past year, the proposal has exposed racial fault lines and become ensnared in a bitter culture war, in a country that has long struggled to reckon with its colonial legacy. And now, public polling suggests, a referendum on the matter — which will be held on Oct. 14 — is likely to fail. That result, according to Thomas Mayo, an Indigenous leader, would mean “Australia officially dismissing our very existence.”

Persons: entrench, Thomas Mayo, ” Locations: Australia

☆ Shares of BYD jump after Chinese EV maker posts 200% surge in first half profit
▼ + stars: | 2023-08-29 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

Shares of Chinese automaker BYD listed in China jump more than 5% Tuesday, a day after posting a stellar jump in first half profit. Thanks to record deliveries, the Chinese electric car maker on Monday posted a 204.68% jump in net profit for the first half of the year — that's net earnings of 10.95 billion yuan ($1.50 billion) in the January to June period, compared to 3.59 billion yuan a year earlier. Hong-Kong listed shares of the automaker rose 5.6% while stocks in Shenzhen were up as much as 4.75% on Tuesday. Revenue in the first six months increased 72.72%, compared to the first half of 2022, according to the stock filing. "BYD is targeting mass market where Tesla cannot reach," said Vivek Vaidya, associate partner at Frost & Sullivan, on CNBC's "Street Signs Asia" Tuesday.

Persons: BYD, Jiong Shao, China's, Tesla, Vivek Vaidya, Frost & Sullivan, Vaidya Organizations: British, Farnborough International Exhibition, Kong, Barclays, Frost &, Tesla Locations: Farnborough, England, China, Shenzhen

☆ Rolling Stones fans see signs of new album in local newspaper ad
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

Mick Jagger, Ronnie Wood and Keith Richards of The Rolling Stones perform as part of their "Stones Sixty Europe 2022 Tour" at Waldbuehne in Berlin, Germany, August 3, 2022. REUTERS/Lisi Niesner/File Photo Acquire Licensing RightsLONDON, Aug 23 (Reuters) - Have the Rolling Stones just announced the release of a new album? “The Rolling Stones are poking fun at themselves,” read one message on the Facebook fan page The Rolling Stones Sessions. Last year, The Rolling Stones marked their 60th anniversary with a European tour, covering 10 countries including Britain. An album by the Rolling Stones featuring new original music would be their first since 2005's "A Bigger Bang".

Persons: Mick Jagger, Ronnie Wood, Keith Richards, Lisi Niesner, ”, Jack Q Frost, Farouq Suleiman, Paul Sandle, Andrew Heavens Organizations: REUTERS, Hackney Gazette, Universal Music, Thomson Locations: Waldbuehne, Berlin, Germany, London, Hackney, Britain

☆ Fin Capital has become the most prolific fintech investor in the world. Behind the scenes, there's been a phishing attack, whistleblower complaints, and a wave of exits.
▼ + stars: | 2023-08-23 | by ( Ben Bergman | ) www.businessinsider.com time to read: +12 min

It was August 2021, during the waning months of the frothy startup bull market, and Fin Capital was on the ascent. The message was a phishing attack — Fin Capital had been hacked. But there is dispute over how Fin Capital handled the attack and its aftermath. Still, as other firms have sharply pulled back on investing in the downturn, Fin Capital has done the opposite. It's unclear whether the whistleblower complaints that former Fin Capital employees filed with the SEC are being investigated.

Persons: Logan Allin, Fin Capital, Allin, you've, Gene Price, Frost Brown Todd, who'd, It's, fiduciaries, Capital, Tom Allin, Obama, Forbes, you'll, he'd, Peter Thiel ., Henry Kravis, Roelof Botha, Thiel, Kravis, Botha, fintech, Pipe's cofounders, Peter Ackerson, Ackerson, Andreessen Horowitz, fundraisings, Ben Bergman, bbergman Organizations: Fin, Sequoia, SEC, Securities and Exchange Commission, Fin Capital, Francis Yacht Club, Constellation, titans, KKR, Sequoia Capital, Caplight, FT Partners, LinkedIn, Twitter, Facebook Locations: York, Los Angeles, Fin, Silicon Valley, San Francisco, fintech, Sequoia

☆ The year of 'global boiling' is creating an opportunity for winemakers in Sweden, and one winemaker says he can see things growing here that were unthinkable 30 or 40 years ago
▼ + stars: | 2023-08-21 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Rising temperatures have led to the growing season increasing by about 20 days in the country. "I can see things growing here that were unthinkable 30 or 40 years ago," said one winemaker. "I can see things growing here that were unthinkable 30 or 40 years ago," Göran Amnegård, who first started growing wine in Sweden more than 20 years ago, told the AP. "The number of bottles produced each year is very few," Henrik Edvall, the operator of a website that exports Swedish wine, told the AP. As global warming reshapes the climate, winemakers aren't the only ones seeing their fortunes shift.

Persons: Sweden —, Amnegård, Sabate, Greg Jones, Henrik Edvall, Al Jazeera Organizations: Service, Associated Press, AP, Swedish, Linfield Locations: Sweden, Italy, Greece, Spain, Spanish, Scandinavia, England, Russia, France, Norway, Al

☆ Ancient viruses could re-emerge as permafrost melts, posing 'unpredictable threats' to our communities, new study says
▼ + stars: | 2023-08-20 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +3 min

Scientists are studying a new threat emerging from melting permafrost: ancient viruses. The authors of the study — published in PLOS Computational Biology, a peer-reviewed scientific journal — used computer simulations to model how ancient viruses could survive, evolve, and persist in our modern-day communities. This research marks the first "extensive exploration of the ecological risk" these viruses pose, according to the authors. In many of the simulations conducted in the study of the ancient viruses, researchers found that they could thrive in modern communities without making a catastrophic impact, but still caused "non-negligible ecological change." This means the viruses most likely to re-emerge successfully could also be the most likely to pose an ecological risk.

Organizations: Service Locations: French

☆ Gen Z eats fast food like no other generation. From a love for spicy food to constant snacking, these are 8 traits that define their dining habits.
▼ + stars: | 2023-08-17 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Rebhun said that El Pollo Loco's work with influencers "without a doubt" drove customers to the brand. Dickey said that Dickey's work with influencers – in particular those involved with food and sport – was "directly in response to millennial and Gen Z." "Any lingering traditional media that we do," like TV commercials, radio spots, and out-of-home ads, is "all for boomers and Gen X," she added. Execs told Insider it was "leveraging youth culture," including music, sport, influencers, and TikTok, to create an image of a "Gen Z-esque aspirational lifestyle." Wendy's has also been working with sports, gaming, and music companies to lure in Gen Zers, Loredo said.

Persons: Dickey, Rebhun, influencers, Carl Loredo, influencers –, Gen, Wingstop, Execs, Chipotle's Perdue, Zers, influencers Alexis Frost, Keith Lee, Chipotle, Wendy's, Loredo Organizations: El, El Pollo, Twitter Locations: Fortnite

☆ 4 Australians Are Rescued After 36 Hours on Surfboards at Sea
▼ + stars: | 2023-08-17 | by ( Natasha Frost | More About Natasha Frost | ) www.nytimes.com time to read: +1 min

The arrival of the first wave, smashing against the wooden boat, set off a desperate scramble for gear: knives, warm clothing, headlamps, water. The second wave sent the passengers diving overboard, as the boat tipped forward into the ocean. But a storm swept through, knocking the boat off course and ultimately scuttling the vessel. “When the first one came in, Jordy was like, ‘All right, guys, this could be serious,’” Mr. Foote said in a video posted to social media. Multiple Australian and Indonesian crews led the effort, with assistance from local fishermen, private vessels and even a private airplane chartered by family members and the Australian government.

Persons: Elliot Foote, Will Teagle, Jordan Short, Steph Weisse, Jordy, Mr, Foote Organizations: Indonesian Locations: Indonesia, Nias, North Sumatra, Indonesian

☆ ‘We’re All Water-Bottle Freaks’
▼ + stars: | 2023-08-11 | by ( Matt Richtel | More About Matt Richtel | ) www.nytimes.com time to read: +1 min

A registered nurse and a mother of two from Colorado, she estimates that her family has accumulated “upward of 25 to 30” reusable flasks at home for keeping cold drinks: flasks large and small, of various designs and colors, with a straw and without. “Convenience,” she said, laughing, as she tried to piece together why, once again, she was not using one of her many beverage containers. “I guess we’re just a lazy society.”Americans are drinking a lot of water, but they are on the fence about how best to do it. More than $2 billion in reusable water bottles were sold the United States in 2022, up from around $1.5 billion in 2020, according to Greg Williamson, the president of CamelBak, which is a maker of reusable bottles. And sales of single-serving water bottles have been rising steadily, too, reaching 11.3 billion gallons in 2022, according to the most recent data from the Beverage Marketing Association, which tracks beverage sales.

Persons: Carrie Frost, Greg Williamson Organizations: Beverage Marketing Association Locations: Colorado, United States

☆ What does Moody’s downgrade mean for markets?
▼ + stars: | 2023-08-09 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Moody’s on Monday evening downgraded 10 US banks and put the credit ratings of six others on review, an indication that the agency could also eventually downgrade those institutions. Some investors say that while the Moody’s downgrade isn’t groundbreaking, it’s a reminder that the economy, and markets, still have challenges ahead. Moody’s downgraded Commerce Bank, BOK Financial, M&T Bank, Old National Bank, Prosperity Bank, Amarillo National Bank, Webster Financial, Fulton Financial, Pinnacle Financial and Associated Bank. Wall Street firms fined $549 million for using WhatsApp and other channelsWells Fargo is among a number of Wall Street firms that admitted Tuesday to using WhatsApp, Signal and other messaging platforms for “off-channel” communications in violation of federal recordkeeping requirements. The Securities and Exchange Commission said the Wall Street firms acknowledged wrongdoing and have agreed to pay penalties totaling $289 million, reports my colleague Matt Egan.

Persons: CNN — Moody’s, JPMorgan Chase, Wells, Goldman Sachs, BNY, Cullen, Frost, ” Moody’s, ”, Kara Murphy, Fitch, Christopher Marinac, Janney Montgomery Scott, Price, Matt Egan, Houlihan Lokey, Alicia Wallace Organizations: CNN Business, Bell, CNN, Bank, Dow Jones, Nasdaq, JPMorgan, Banking, BNY Mellon, Northern Trust, Frost Bankers, Truist Financial, US Bank, Moody’s, Commerce Bank, BOK, T Bank, National Bank, Prosperity Bank, Amarillo National Bank, Webster Financial, Fulton Financial, Pinnacle Financial, Associated Bank, PNC Financial Services, Financial, Citizens Financial, Fifth Third Bank, Huntington Bank, Regions Financial, Cadence Bank, FNB Corp, Simmons, Ally Financial, Bank OZK, Valley Bank, Signature Bank, Federal Reserve, Kestra Investment Management, Consumer, Wall Street, Securities, Exchange Commission, SEC, BNP, SG Americas, BMO Capital Markets, Mizuho Securities, SMBC Nikko Securities, Federal Reserve Bank of New Locations: Wells Fargo, Amarillo, Marinac, Wells, SMBC Nikko Securities America, WhatsApp, Federal Reserve Bank of New York, York

Insider identified the chief marketing officers to watch in 2023. Our list recognizes the newest marketing chiefs rethinking the status quo and reshaping marketing. While the chief marketer's tenure has always been among the shortest in the C-suite, it can be a path to the very top of the corporate ladder. For instance, Taco Bell's global chief brand officer, Sean Tresvant, is set to become the company's CEO next year. Though turnover remains high, there will always be a crop of newly minted chief marketers poised to bring their companies to new heights.

Persons: They're, inclusivity, Sean Tresvant, Kraft, Diana Frost, Jenny Lewis, Glossier's Kleona Mack, who's Organizations: Motors, AB InBev, Taco, Mercedes, Benz

Bottles of Champagne are seen on display for sale in a wine shop in Paris, France, December 20, 2022. REUTERS/Sarah Meyssonnier/File PhotoPARIS, Aug 8 (Reuters) - French wine production in 2023 is expected to be near the average of the last five years, with a favourable outlook in Champagne and Burgundy contrasting that in disease-hit Bordeaux, the French farm ministry said. Overall wine output is projected to be between 44 million and 47 million hectolitres, a range that encompasses both the five-year average of 44.5 million hectolitres and 2022 output of 46.1 million hectolitres, the ministry said in a report on Tuesday. The wine sector wants the government to expand funding for a distillation scheme so 3 million hectolitres of wine stocks can be cleared, mainly in Bordeaux and Languedoc-Roussillon in the far south, Despey said. Output was seen surpassing the five-year average in Champagne, where frost and hail caused limited damage this year, and also in Burgundy, despite some mildew cases, the ministry added.

Persons: Sarah Meyssonnier, We've, Jerome Despey, Despey, Gus Trompiz, Barbara Lewis, Mark Potter Organizations: REUTERS, Reuters, Thomson Locations: Paris, France, Champagne, Burgundy, Bordeaux, Southwest, Languedoc, Roussillon

☆ Moody's cuts ratings of 10 U.S. banks and puts some big names on downgrade watch
▼ + stars: | 2023-08-08 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Moody's cut the credit ratings of a host of small and mid-sized U.S. banks late Monday and placed several big Wall Street names on negative review. Moody's also changed its outlook to negative for 11 banks, including Capital One , Citizens Financial and Fifth Third Bancorp . Among the smaller lenders receiving an official ratings downgrade were M&T Bank , Pinnacle Financial , BOK Financial and Webster Financial . "Meanwhile, many banks' Q2 results showed growing profitability pressures that will reduce their ability to generate internal capital. Though the stress on U.S. banks has mostly been concentrated in funding and interest rate risk resulting from monetary policy tightening, Moody's warned that a worsening in asset quality is on the horizon.

Persons: Moody's, Cullen, Frost, Jill Cetina, Ana Arsov Organizations: New York Stock Exchange, Bank, New York Mellon, U.S . Bancorp, Truist, Frost Bankers, Northern Trust, Capital, Citizens Financial, Fifth Third Bancorp, T Bank, Pinnacle Financial, BOK, Webster, Regional, Silicon Valley Bank, Signature Bank, Credit Suisse, UBS, Federal Reserve, Fed Locations: New York City, U.S, Regional U.S, Silicon, Europe, Swiss

☆ Moody’s warns it could cut credit ratings of 6 big US banks
▼ + stars: | 2023-08-08 | by ( Olesya Dmitracova | ) edition.cnn.com time to read: +2 min

CNN —Moody’s has put the credit ratings of six large US banks, including Bank of New York Mellon, State Street and Northern Trust, under review for a possible downgrade. A lower credit rating could push funding costs for those banks even higher. This, in turn, has raised fears that banks, which finance many commercial real estate deals, could suffer losses as a result. “Most regional banks have comparatively low regulatory capital versus the largest US banks and global peers,” Moody’s noted Monday. Moody’s also downgraded 10 smaller US banks Monday, including Commerce Bancshares (CBSH), BOK Financial Corporation and M&T Bank Corporation.

Persons: CNN — Moody’s, Dow, Cullen Frost, ” Moody’s, Moody’s Organizations: CNN, Bank of New York Mellon, State, Northern Trust, Nasdaq, Silicon Valley Bank, Signature Bank, First, U.S . Bancorp, Commerce, BOK Financial Corporation, T Bank Corporation Locations: Silicon, First Republic, United States

☆ World Cup Picks Up Baton for Women’s Sports in Australia
▼ + stars: | 2023-08-05 | by ( Natasha Frost | More About Natasha Frost | ) www.nytimes.com time to read: +1 min

Fans celebrated in central Melbourne this week after a national triumph: The Matildas, the Australian women’s soccer team, had defeated Canada, the reigning Olympic champion, 4-0. It was a glorious victory after a dismal start to the Women’s World Cup for one of the two host teams. In Federation Square, Australians held up gold and green scarves and bellowed, “Up the Matildas!”Two years earlier, the same city had seen a similar outpouring of support for the Australian women’s cricket team. Inside Melbourne Cricket Ground, more than 86,000 people had gathered to watch the final of the Women’s T20 World Cup, while 1.2 million people tuned in from elsewhere in Australia. For Ellyse Perry, an Australian sporting legend who has represented the country in both the cricket and soccer World Cups, the 2020 match — the largest crowd ever to watch a women’s cricket match — was a milestone for women’s sports in Australia.

Persons: Ellyse Perry, — Organizations: Canada, Olympic, Square, Australian, Inside, Inside Melbourne Cricket Locations: Melbourne, Australian, Inside Melbourne, Australia

☆ Australia Will Return Looted Sculptures to Cambodia
▼ + stars: | 2023-08-03 | by ( Natasha Frost | More About Natasha Frost | ) www.nytimes.com time to read: +1 min

An ancient gilt bronze Buddhist sculpture that traveled a circuitous and legally questionable route from a rice paddy in southern Cambodia to the capital of Australia will soon be headed back to its homeland. Over about 15 years, it traveled from a rural area near the Vietnamese border to the hands of Douglas A.J. In 2011, he in turn sold it and two smaller accompanying statues to the National Gallery of Australia, where they have resided ever since. Now, after an extensive investigation into the work’s provenance, the gallery will return the sculptures in no more than three years to Cambodia, giving the government time to prepare an appropriate place for them in Phnom Penh, the capital. At a ceremony last week in Canberra, Australia’s capital, Susan Templeman, a special envoy for the arts, described the handover in terms of reparations.

Persons: ”, Douglas A.J, Susan Templeman Organizations: National Gallery of Australia Locations: Cambodia, Australia, Phnom Penh, Canberra

☆ Toyota's hybrid and ICE vehicles are doing very well in Europe and Japan, says consulting firm
▼ + stars: | 2023-08-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailToyota's hybrid and ICE vehicles are doing very well in Europe and Japan, says consulting firmVivek Vaidya of Frost & Sullivan says they are, however, "struggling" in the United States.

Persons: Vivek Vaidya, Sullivan Organizations: Frost Locations: Europe, Japan, United States

☆ Colonization Was the ‘Luckiest Thing’ to Happen to Australia, Ex-Leader Says
▼ + stars: | 2023-07-26 | by ( Natasha Frost | More About Natasha Frost | ) www.nytimes.com time to read: +1 min

A former prime minister of Australia has stirred a storm of outrage by describing colonization as “the luckiest thing that happened to this country” and praising Britain for being a better overlord than other nations ahead of a contentious referendum on Aboriginal representation in the country. “I do hold the view that the luckiest thing that happened to this country was being colonized by the British,” the former prime minister, John Howard, 84, told The Australian newspaper in an interview this week. “Not that they were perfect by any means, but they were infinitely more successful and beneficent colonizers than other European countries.”Mr. Howard’s remarks were denounced on social media, with some people calling him “ignorant,” “racist” and “evil.”Australia is no longer a British colony, even as it retains King Charles III as its head of state, and Aboriginal Australians continue to face the harrowing effects of colonialism, including significant hardship and discrimination.

Persons: John Howard, Mr, Howard’s, King Charles III Organizations: Australian, Aboriginal Australians Locations: Australia, Britain, British

☆ Fiji’s Leader Declines Invitation to China, Saying He Tripped and Fell
▼ + stars: | 2023-07-26 | by ( Natasha Frost | More About Natasha Frost | ) www.nytimes.com time to read: +1 min

Fiji’s uneasy relationship with China has hit an unusual roadblock, in the form of an office door. In a video posted to social media on Tuesday, the Pacific island nation’s prime minister, Sitiveni Rabuka, said he was declining an invitation to visit China this week because he had tripped while looking at his phone, striking his head on a door at the entrance to a government building. “I do not know whether my head is hurt more than the door, or the door hurt more than my head,” Mr. Rabuka said. He was wearing a shirt flecked with bloodstains, which he pointed out to viewers, and had a bandage on his head. Because his doctor would have to change the bandage on Friday, he said, “I have had to inform China that I will not be able to undertake the trip coming up tomorrow night.” China had invited Mr. Rabuka to the city of Chengdu, where he was to have met with Xi Jinping, the country’s leader, at the World University Games.

Persons: Sitiveni Rabuka, ” Mr, Rabuka, “, China, Xi Jinping Organizations: World University Games Locations: China, Chengdu

☆ CalPERS CEO Marcie Frost talks investing in public equity and VC opportunities
▼ + stars: | 2023-07-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCalPERS CEO Marcie Frost talks investing in public equity and VC opportunitiesMarcie Frost, CalPERS CEO, joins 'Closing Bell Overtime, to talk its recent 12-month return of 5.8%, investing in public and private equity and more.

Persons: Marcie Frost

☆ Italian farmer battles frost, floods, heat and hail in epic year
▼ + stars: | 2023-07-20 | by ( Claudia Greco | ) www.reuters.com time to read: +3 min

[1/5] A farmer stands next to a greenhouse in a field covered with cracked solidified mud, in the aftermath of deadly floods in Emilia-Romagna, in Forli, Italy June 1, 2023. REUTERS/Claudia Greco/File PhotoFORLI, Italy, July 20 (Reuters) - Farmer Andrea Ferrini is on the frontline of climate change in Italy and it is hurting. The following month, rains and floods swept the region, killing 15 people, causing billions of euros' worth of damage and hitting agriculture particularly hard. According to the Coldiretti agricultural association, more than 5,000 farms were left under water in the region, which accounts for a third of Italy's fruit harvest, including Ferrini's smallholding. "A farmer prepares all year round for the harvest and then sees his crop destroyed in just a few minutes or a few hours.

Persons: Claudia Greco, Farmer Andrea Ferrini, Ferrini's, Ferrini, Crispian Balmer, Janet Lawrence Organizations: REUTERS, Thomson Locations: Emilia, Romagna, Forli, Italy, FORLI, Po

☆ James Reston Jr., Author With a Hand in Nixon Apology, Dies at 82
▼ + stars: | 2023-07-19 | by ( Sam Roberts | More About Sam Roberts | ) www.nytimes.com time to read: +1 min

James Reston Jr., an eclectic historian and novelist who helped the British television host David Frost prod former President Richard M. Nixon into admitting his complicity in the Watergate scandal and apologizing in a wrenching broadcast interview, died on Wednesday at his home in Chevy Chase, Md. The cause was pancreatic cancer, said his wife, Denise Leary. Mr. Reston, whose father was a renowned figure at The New York Times as a columnist, Washington bureau chief and executive editor, largely bypassed daily journalism to focus on timely and historical nonfiction and novels and adapting four of his books into plays. As a result, Mr. Reston was primed when Mr. Frost bought exclusive rights to interview Nixon after the president resigned in 1974 and recruited Mr. Reston as a researcher.

Persons: James Reston Jr, David Frost, Richard M, Nixon, Denise Leary, Reston, ”, Frost Organizations: The New York Times, Democratic Locations: British, Chevy Chase, Md, Washington, Whittier, Watergate, Reston

☆ Party is over for Champagne as sales drop after two record years
▼ + stars: | 2023-07-19 | by ( Sybille De La Hamaide | ) www.reuters.com time to read: +2 min

Sales are expected to reach around 314 million bottles in 2023, French industry group Comite Champagne (Champagne Committee) said in a statement. Exports stood at 77.7 million bottles, down 3.7%, while France recorded a drop of 6.3% with 48.1 million bottles. "The fall in shipments, for France, is attributed to inflation," a Comite Champagne spokesperson told Reuters. Champagne producers expect sales to remain around the same level in the next three years, at an average 315 million bottles, she said. The Comite Champagne set a maximum yield of grapes that can be harvested on the total 33,700 hectares (83,275 acres) devoted to Champagne wine at 11,400 kg per hectare, down from 12,000 kg/ha in 2022.

Persons: Champagne, Sybille de La, Jonathan Oatis Organizations: Comite, Exports, Comite Champagne, Reuters, Thomson Locations: Champagne, France, Comite

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