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☆ BP CEO exit raises strategy and board questions: podcast
▼ + stars: | 2023-09-14 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

LONDON, Sept 14 (Reuters Breakingviews) - Bernard Looney resigned after he failed to disclose past relationships with staff. In this Viewsroom podcast, Breakingviews columnists debate what that means for the oil giant’s commitment to net zero, and whether BP’s board did all it could have done. 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: Bernard Looney, Oliver Taslic Organizations: Reuters, Thomson

☆ Inditex can afford to start sharing its cash pile
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

An employee arranges clothes at one of the largest Zara stores in the world, in Madrid, Spain, April 7, 2022. REUTERS/Juan Medina/File Photo Acquire Licensing RightsLONDON, Sept 13 (Reuters Breakingviews) - Marta Ortega is facing a test on Inditex’s (ITX.MC) bulging cash pile. In the same period, Inditex delivered 2.5 billion euros of net profit, up 40% year-on-year. Still, growing profits mean its cash pile will only get larger. Net cash is expected to balloon to 12 billion euros by year-end, LSEG data show.

Persons: Juan Medina, Marta Ortega, Massimo Dutti, Inditex, Ortega, Inditex’s, Aimee Donnellan, BoE, Lisa Jucca, Streisand Neto Organizations: REUTERS, Reuters, Reuters Graphics Reuters, X, Treasury, UBS, Warner Bros Discovery, Thomson Locations: Zara, Madrid, Spain, Asia

☆ Grocers learn lessons of ‘greedflation’ drama: podcast
▼ + stars: | 2023-09-12 | by ( Aimee Donnellan | ) www.reuters.com time to read: +1 min

A customer is seen inside an Albert Heijn shop, operated by Ahold Delhaize, the Dutch-Belgian supermarket operator, in Eindhoven, Netherlands, January 23, 2019. In this Exchange podcast, Ahold Delhaize CEO Frans Muller explains why demand for own-brand goods gives the Dutch group an upper hand in supplier negotiations. 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: Albert Heijn, Ahold Delhaize, Eva Plevier, Ahold, Frans Muller, Oliver Taslic Organizations: REUTERS, Reuters, Thomson Locations: Dutch, Belgian, Eindhoven, Netherlands

☆ Lamine Yamal enjoys historic debut, becoming Spain’s youngest goalscorer and player
▼ + stars: | 2023-09-09 | by ( Aimee Lewis | ) edition.cnn.com time to read: +1 min

CNN —Barcelona teenager Lamine Yamal came off the substitutes’ bench against Georgia on Friday to make history twice. The forward was introduced in the 44th minute to become, aged 16 years and 57 days, Spain’s youngest men’s player, breaking the record previously held by Gavi who had made his international debut in 2021, aged 17 years and 62 days. In August, Yamal made his full debut for Barcelona to become the youngest player to start a La Liga match in the 21st century, and he was named the league’s U23 player for that month. When he made his debut for Barcelona in April aged 15, he became the club’s youngest player in more than a century. Spain is second in Group A, nine points behind Scotland with the Scots having played two games more.

Persons: Lamine Yamal, Gavi, Yamal, Álvaro Morata, Solomon Kverkveila, Dani Olmo, Nico Williams Organizations: CNN, Georgia, Spain, Barcelona, Gavi, Liga, U23, Scotland Locations: Barcelona, Spain

☆ Michelle Yeoh: Oscar winner set to become International Olympic Committee member
▼ + stars: | 2023-09-09 | by ( Aimee Lewis | ) edition.cnn.com time to read: +1 min

CNN —Michelle Yeoh could soon become a member of the International Olympic Committee (IOC) after the Oscar winner was among eight candidates nominated by the organization’s executive board. Her proposed membership is set to be ratified at an IOC session in Mumbai, India, next month. In March, Yeoh won best actress at the 95th Academy Awards for her acclaimed performance in “Everything Everywhere All at Once,” becoming the first woman of Asian descent to win the award. She was also the first Malaysian-born performer to be honored with a best actress Oscar. She made her name in Hong Kong action movies of the 1980s and 90s, before her breakthrough international role in 1997 opposite Pierce Brosnan in the James Bond film “Tomorrow Never Dies.”

Persons: CNN — Michelle Yeoh, Yeoh, ”, Oscar . Yeoh, Yael Arad, Balázs Furjes, Cecilia Roxana Tait Villacorta, Michael Mronz, Thomas Bach, Marvel, Rich Asians ”, Pierce Brosnan, James Bond Organizations: CNN, International Olympic Committee, IOC, Rich Asians Locations: Mumbai, India, Malaysian, Hungarian, Peruvian, Hong Kong

☆ Neymar Jr. breaks Pelé’s all-time scoring record for Brazil
▼ + stars: | 2023-09-09 | by ( Aimee Lewis | ) edition.cnn.com time to read: +1 min

CNN —Neymar Jr. scored twice in Brazil’s 5-1 victory over Bolivia on Friday to surpass the great Pelé as the country’s top male all-time scorer. “I never imagined reaching this record,” said Neymar – who has represented Brazil 125 times – afterwards, per Reuters. And today I did that.”Pelé is widely regarded as one of the sport’s all-time greats, scoring 77 goals for Brazil and is the only player to win three World Cups. Neymar recently joined Saudi Pro League club Al-Hilal from French Ligue 1 champion Paris Saint-German. He became the world’s most expensive footballer when he joined the Parisian club from Barcelona in 2017.

Persons: CNN — Neymar Jr, “, ”, Neymar –, Pelé, Neymar Organizations: CNN, Bolivia, Reuters, Saudi Pro League, Al, French Ligue, Paris Saint Locations: Brazil, Hilal, French, Barcelona

☆ UK wind fail is catalyst for belated subsidy rejig
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

LONDON, Sept 8 (Reuters Breakingviews) - Britain’s shaky ambitions to be the “Saudi Arabia of wind” now stand at a blustery crossroads. Developers had been warning for months that the UK’s latest offshore wind auction, divulged on Friday, would receive no takers. Britain could just focus on solar and onshore wind, which respectively received 1.9 gigawatts and 1.5 GW in the latest overall 3.7 GW auction. A 2022 auction saw offshore wind constitute two-thirds of a much chunkier 10.8 GW of power awarded. The very real prospect of zero wind schemes ought to be the kick up the backside UK politicians need to make the terms more appealing.

Persons: George Hay, Aimee Donnellan, Oliver Taslic Organizations: Reuters, X, Warner Bros Discovery, Thomson Locations: Saudi Arabia, Britain

The UAE introduced a new regulatory body to oversee commercial gaming on Monday, made up of casino and gambling experts from the United States. Gambling is currently illegal in the UAE, where some laws are based on the Quran, which forbids the practice. The new federal body, called the General Commercial Gaming Regulatory Authority (GCGRA), would create a “regulatory framework for a national lottery and commercial gaming,” according to Emirati state media WAM. “[GCGRA will] facilitate unlocking the economic potential of commercial gaming responsibly,” WAM said. “I look forward to establishing a robust regulatory body and framework for the UAE’s lottery and gaming industry,” Mullally said on his new appointment, according to WAM.

Persons: ” WAM, Kevin Mullally, Jim Murren, Mullally, ” Mullally, Ras Al Khaimah, Craig Billings, ” Billings Organizations: Abu Dhabi CNN —, United Arab, Gaming Regulatory Authority, Industry, MGM Resorts International, MGM, Gaming Laboratories, Wynn Resorts, United, WYNN, Wynn Hotels, Global, Caesars Entertainment, Royal, Royal Caribbean Cruise, UAE, Costa Cruises, Bloomberg Locations: Abu Dhabi, United Arab Emirates, UAE, United States, Ras Al, Dubai, Royal Caribbean, Singapore

☆ Arm’s IPO valuation rests on big dose of hope: podcast
▼ + stars: | 2023-09-07 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

The Arm Ltd logo and a rising stock graph are seen in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Sept 7 (Reuters Breakingviews) - The SoftBank-owned chip designer is getting ready to list. 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

☆ The obesity drug boom is just getting started: podcast
▼ + stars: | 2023-09-05 | by ( Aimee Donnellan | ) www.reuters.com time to read: +1 min

A 0.25 mg injection pen of Novo Nordisk’s weight-loss drug Wegovy is shown in this photo illustration in Oslo, Norway, September 1, 2023. REUTERS/Victoria Klesty/Illustration Acquire Licensing RightsLONDON, Sept 5 (Reuters Breakingviews) - Over 1 bln people are obese, the WHO reckons. Denmark’s Novo Nordisk is ahead of the pharma pack with its Wegovy weight-loss drug. Listen to the podcastFollow @aimeedonnellan on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Victoria Klesty, Lars Jorgensen, Oliver Taslic Organizations: REUTERS, Reuters, WHO, Denmark’s, Denmark’s Novo Nordisk, pharma, Thomson Locations: Oslo, Norway, Victoria, Denmark’s Novo

☆ One of the world’s oldest synagogues reopens in Egypt
▼ + stars: | 2023-09-04 | by ( Aimee Look | ) edition.cnn.com time to read: +3 min

CNN —Egypt has reopened one of the world’s oldest synagogues and home to the most significant single trove of Jewish manuscripts. A copy of the "Torah scrolls" at the newly restored Ben Ezra Synagogue, Egypt's oldest Jewish temple, after decade-long restoration, in old Cairo, Egypt. It awarded Drops of Milk a grant in 2017 to fund their restoration efforts of the remaining synagogues in Egypt, including Ben Ezra, Bertini said. The Ark and "Menorah" at the newly restored Ben Ezra Synagogue, in old Cairo, Egypt. The "Bimah," also known in Arabic as al-minbar, is pictured at the newly restored Ben Ezra Synagogue, in old Cairo, Egypt.

Persons: Ben Ezra, Mostafa Madbouly, Abraham ibn Ezra, Moses Maimonides, Maimonides, Moses, Amr Abdallah Dalsh, Egypt’s MOTA, Louise Bertini, ARCE, Bertini, “ There’s, Abel Fattah al, Sisi, Khaled Fahmy Organizations: CNN, Ministry of Tourism and Antiquities, Cambridge University Library, Milk Association, American Research Centre, UNESCO, Heritage Locations: Egypt, Egypt's, Cairo

☆ US suffers surprise defeat to Lithuania at FIBA Basketball World Cup
▼ + stars: | 2023-09-03 | by ( Aimee Lewis | Jacob Lev | ) edition.cnn.com time to read: +1 min

CNN —The US suffered a surprise 110-104 loss to Lithuania at the FIBA Basketball World Cup in the Philippines on Sunday. Both countries, however, progress to Tuesday’s quarterfinals with Lithuania, as Group J top seeds, next facing Serbia and the US taking on Italy. Jonas Valančiūnas finished with 12 points, seven rebounds and two blocks, while Anthony Edwards scored a game-high 35 points for the US, tying Carmelo Anthony for the second-most points scored in a US Basketball FIBA game. “Congratulations to my players, but we need to have short memory to prepare for the second game,” he said, per FIBA. We needed to respond the way we did and next game we have to start the way we did in the second half.

Persons: Jonas Valančiūnas, Anthony Edwards, Carmelo Anthony, Kevin Durant, Donatas, Yong Teck Lim, Kazys Maksvytis, ”, Steve Kerr, Lithuania “, “, ” Kerr, “ It’s Organizations: CNN, FIBA Basketball, Sunday, Lithuania, US Basketball FIBA, Asia Arena, Getty, FIBA, USA Locations: Lithuania, Philippines, Serbia, Italy, Asia, Manila

☆ Max Verstappen wins record 10th consecutive race with victory at Italian Grand Prix
▼ + stars: | 2023-09-03 | by ( Aimee Lewis | ) edition.cnn.com time to read: +2 min

CNN —Max Verstappen further cemented his status as the dominant driver of his generation with a historic victory at the Italian Grand Prix, his 10th consecutive race win. No Formula One driver has ever won as many races in a row in a season. The Red Bull driver had matched the previous all-time record of nine, set by Sebastian Vettel 10 years ago, at last weekend’s Dutch Grand Prix. Victory at Monza was Verstappen’s 12th of the year and increases the likelihood of Red Bull becoming the first F1 team to win every race in a season. “I never would’ve believed that that was possible,” the Dutchman said after the race on the ESPN broadcast when asked about the record.

Persons: Max Verstappen, Red Bull, Sebastian Vettel, McLaren, “, ” Verstappen, Jennifer Lorenzini, Reuters Verstappen, Ferrari’s Carlos Sainz Jr, Sergio Perez, Sainz Jr, Charles Leclerc, Verstappen, Perez Organizations: CNN, Prix, Monza, ESPN, Reuters, Ferrari, Singapore

☆ Luis Rubiales: As under-fire soccer chief stands firm, women's soccer in Spain may be preparing for new beginnings
▼ + stars: | 2023-09-03 | by ( Aimee Lewis | ) edition.cnn.com time to read: +8 min

Spain won the Women’s World Cup for the first time last month yet, just two weeks on, no one is talking about the success. In that intoxicating, finite pocket of time, Spain’s players had the freedom to lose themselves in the victory of their lives. The decades-long battle for equality in women’s soccer, and society, has a way to go but nothing changes in silence. But beyond the headlines, this is a story which symbolizes the problems within women’s soccer and society, of women not being respected or listened to. England women’s head coach Sarina Wiegman dedicated her UEFA Women’s Coach of the Year award to the Spanish national team.

Persons: wasn’t, “, ”, Luis Rubiales ’, Rubiales, Jenni Hermoso’s, Hermoso, Luis Rubiales, Jenni Hermoso, Spain’s, ’, there’s, Ballon d’Or, Alexia Putellas, Maddie Meyer, –, Aitana Bonmatí, hasn’t, Jorge Vilda, England, Sarina Wiegman, ” Wiegman, Putellas Organizations: CNN, Spain, country’s, United, Human, Spain soccer, England, FIFA, Royal Spanish Football Federation, Spanish, soccer, TUDN, UEFA, Liga, “, Spanish national Locations: Spanish, Spain, Sydney, Eurasia, Rubiales

☆ Julie Ertz: US soccer great announces retirement
▼ + stars: | 2023-09-01 | by ( Aimee Lewis | ) edition.cnn.com time to read: +3 min

CNN —Two-time Women’s World Cup winner Julie Ertz, one of the greats of US soccer, has announced her retirement from the sport. Ertz, 31, was an integral member of the US teams which won the Women’s World Cup in 2015 and 2019. She made her senior international debut in 2013 and went on to play in 17 World Cup matches, winning 13 of those. I hope that I was able to leave an impact that reflects that.”Ertz celebrates winning the 2015 Women's World Cup. 8) celebrates with teammates afer winning the 2019 Women's World Cup.

Persons: Julie Ertz, Ertz, I’ve, ” Ertz, Mo Khursheed, “, I’ll, Madden, afer, Richard Heathcote, Angel City, ” Organizations: CNN, National Women’s, US, National Team, Chicago Red Stars, US Soccer, National Women’s Soccer League, Angel City, Getty, Angel Locations: France, Angel, Australia, New Zealand, Sweden

CEDAR KEY, Fla. — As cleanup begins in the aftermath of Hurricane Idalia, the storm has served as a stark reminder that Florida's insurance industry remains in flux. But many of those homeowners face uncertainty amid the upheaval that has emerged in Florida's insurance industry in recent years. A thinning insurance market that is beset by more regular hurricanes has caused insurance policy costs to skyrocket. The state's insurance industry is preparing to lose four insurers since last year — Farmers Insurance, Bankers Insurance, Centauri Insurance and Lexington Insurance. Aggravating the problem, 82% of Floridians do not have flood insurance, which is typically operated by the National Flood Insurance Program, a federal program run by the Federal Emergency Management Agency.

Persons: Idalia, Chris Draghi, That's, Gregory Buck, Buck, Aimee Firestine, Firestine, Amy Bach, United, Bach, Mark Friedlander, Friedlander, Gabe Gutierrez, Phil McCausland, Melissa Chan Organizations: Insurance Information Institute, U.S, — Farmers Insurance, Bankers Insurance, Centauri Insurance, Lexington Insurance . Farmers Insurance, National, Experts Insurance, Homeowners, Insurance, Property Insurance Corp, National Flood Insurance, Federal Emergency Management Agency, Congress, First Street Foundation, FEMA, Cedar Key Locations: Fla, Florida's Big Bend, Florida, Georgia, Florida , Georgia, South Carolina, Cedar, America, Taylor County, Bend, New York City

☆ African coups will ramp up scramble for minerals: podcast
▼ + stars: | 2023-08-31 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

Gabonese military appear on television as they announce that they have seized power following President Ali Bongo Ondimba's re-election. Gabon 1ere/via REUTERS Acquire Licensing RightsLONDON, Aug 31 (Reuters Breakingviews) - Gabon’s government was overthrown by a military revolt, following similar unrest in Niger. In this Viewsroom podcast, Breakingviews columnists discuss how instability in producers of key resources like manganese and uranium will lead global powers to hunt for more stable sources. Listen to the podcastFollow @aimeedonnellan on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Ali Bongo Ondimba's, Oliver Taslic Organizations: REUTERS Acquire, Reuters, Thomson Locations: Gabonese, Gabon, Niger

☆ Pernod Ricard shares face a lengthy dry spell
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +2 min

A glass of cognac is pictured on a bar in the Manhattan borough of New York City, November 13, 2015. REUTERS/Mike Segar Acquire Licensing RightsLONDON, Aug 31 (Reuters Breakingviews) - Pernod Ricard (PERP.PA) shareholders have few reasons to cheer. The owner of Mumm champagne and Absolut Vodka said that China’s property crunch was making wholesalers cautious and keeping punters out of nightclubs. China has been a key source of growth for drink-makers: helped by Asia, Pernod Ricard’s sales outside of Europe and the Americas grew 17% in 2023. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Segar, Pernod Ricard, Mumm, Remy Cointreau, Aimee Donnellan, Mukesh Ambani’s, Neil Unmack, Oliver Taslic Organizations: REUTERS, Reuters, Investors, Pernod, Diageo, X, Thomson Locations: Manhattan, New York City, U.S, China, Asia, Europe, Americas

☆ H.B.O. Is Tackling Religion in the Most Remarkable Ways
▼ + stars: | 2023-08-30 | by ( Elizabeth Nelson | ) www.nytimes.com time to read: +5 min

Television’s depictions of religion have often leaned either toward po-faced dogma or scouring atheism, but here is one that dares to split the difference. The eldest, Jesse, is a pompous hothead whose default response to any insult is light violence and who, despite his persona as a family man, has enjoyed the sort of hard-partying lifestyle that would make early-1970s Led Zeppelin blush. His sister, Judy, is a flamethrowing libertine with a staggeringly foul mouth and a tendency to transgress against her lovingly milquetoast husband. Like a staging of “King Lear” at a monster-truck rally, the show has a loneliness that undergirds its berserk energy. This is not the only fascinating vision of the church on HBO these days.

Persons: they’ve, McBride, Jesse, Judy, “ King Lear ”, John Goodman, Eli Gemstone —, Aimee, Leigh, Croesus, ”, Gideon, —, Bridget Everett, Sam, Joel, Sam —, Maria ” Organizations: ”, Southern, Gemstone Salvation, HBO, Hollywood Locations: American, Hollywood, Kansas, America

☆ NN Group’s deal spree is finally delivering
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +2 min

LONDON, Aug 29 (Reuters Breakingviews) - NN Group (NN.AS) is reaping the benefits of scale in its Dutch backyard. Benign weather in the Netherlands, one of the few European states to escape extreme summer weather, helped. But the seeds of NN’s resurgence lie back in 2016 when it began a 3 billion euro deal splurge, first on domestic rival Delta Lloyd and then VIVAT’s general insurance arm. That helped it hike a 10% share of the general insurance market to 24% as of 2021. NN has outperformed its country rival Aegon (AEGN.AS), boosting shareholder returns by 64% since it bought Delta Lloyd in 2016.

Persons: David Knibbe, Elliott Advisors, Elliott, Delta Lloyd, Aimee Donnellan, Mukesh Ambani’s, Didi, George Hay, Oliver Taslic Organizations: Reuters, Chief, Delta, Aegon, Delta Lloyd, Thomson Locations: Netherlands

☆ FIFA suspends Spain soccer chief Luis Rubiales amid row over kiss with Women’s World Cup winner
▼ + stars: | 2023-08-26 | by ( Aimee Lewis | ) edition.cnn.com time to read: +3 min

CNN —FIFA has provisionally suspended Luis Rubiales, the president of the Spanish soccer federation, from “all football-related activities” over his kiss with Women’s World Cup winner Jenni Hermoso. Hermoso said the kiss was unwanted and she and the entire World Cup-winning squad have refused to play while Rubiales remains president. Rubiales said the kiss was consensual and the federation has been sticking by him, threatening legal action against Hermoso and others. World soccer’s governing body FIFA said Rubiales was initially suspended for 90 days and banned Rubiales and the Spanish football federation from contacting Hermoso, who described refusing requests to issue a statement to “alleviate the pressure” on Rubiales. While addressing the assembly for nearly 30 minutes, he described the kiss as “mutual” and spoke of “unjust” campaigns and “fake feminism,” sparking further criticism.

Persons: Luis Rubiales, Jenni Hermoso, Rubiales, Hermoso, Hermos, “, ” Rubiales, ”, Pedro Sánchez Organizations: CNN, FIFA, Spain, Spanish, Hermoso, England, Spain’s, ” CNN, UEFA Locations: Spanish, Rubiales, Sydney, Australia, Hermoso

☆ Luis Rubiales: Spain's football federation threatens legal action against Women's World Cup winner Jennifer Hermoso
▼ + stars: | 2023-08-26 | by ( Aimee Lewis Alex Stambaugh Al Goodman Gerardo Lemos | Aimee Lewis | Alex Stambaugh | ) edition.cnn.com time to read: +4 min

CNN —Spain’s football federation has threatened to take legal action against one of the country’s star players, Jennifer Hermoso, accusing her of lying about being kissed by federation president Luis Rubiales. The President has not lied,” the Royal Spanish Football Federation (RFEF) said, alongside descriptions of photos attempting to support Rubiales’ claim. CNN has reached out to soccer’s world governing body FIFA and UEFA, European soccer’s governing body. Following Rubiales’ comments on Friday, the president of Spain’s High Council of Sport (CSD), Víctor Francos, said the council would look to suspend Rubiales as quickly as it could while following due process. While acknowledging on Friday he needed to apologize for his actions, Rubiales described calls for his resignation as a “witch hunt.”

Persons: CNN —, Jennifer Hermoso, Luis Rubiales, Hermoso, “, ”, Rubiales, ” Luis Rubiales, Noe Llamas, ” Rubiales, Pedro Sánchez, Víctor Francos Organizations: CNN, CNN — Spain’s, Spain, Spain’s Association of Professional Soccer, Rubiales, Royal Spanish Football Federation, Futpro, FIFA, UEFA, England, Spain’s, Twitter, National, Spain’s High, of Sport, Spanish government’s Ministry of Culture Locations: ”, Futpro Union, European, Spanish

☆ China’s sliding currency is vote of no confidence: podcast
▼ + stars: | 2023-08-24 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

A Chinese yuan banknote is seen in front of displayed stock graph in this illustration taken May 7, 2021. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsLONDON, Aug 24 (Reuters Breakingviews) - The People’s Republic is scrambling to stop the yuan’s weakening against the US dollar. In this Viewsroom podcast, Breakingviews columnists discuss capital flight pressures and tepid investor interest in the world’s second largest economy, and what that means for the wider world. Listen to the podcastFollow @aimeedonnellan on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. 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

☆ GAM’s end game still has a way to go
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsMILAN, Aug 24 (Reuters Breakingviews) - GAM’s (GAMH.S) long-running takeover saga has entered a critical phase. The ball is now with the opposing shareholders, which control nearly 10% of the asset manager. The NewGAMe crowd has proposed issuing a 25 million Swiss franc convertible bond to give GAM some breathing space. But this won’t cover expected losses, restructuring charges and pension costs amounting to at least 100 million Swiss francs, GAM has calculated. As things stand, to win the game of rescuing this embattled asset manager, investors will have to dig deep.

Persons: Xavier Niel, Sarah Meyssonnier, NewGAMe’s, Lisa Jucca, Coinbase’s, Aimee Donnellan, Streisand Neto Organizations: French, REUTERS, Reuters, Management, GAM, X, Thomson Locations: Paris, France, French, Ukraine

☆ A top realtor got fired after trash-talking tenants on social media, reports say
▼ + stars: | 2023-08-23 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

Aimee Marsh had worked for Ray White Aspley in Brisbane, Daily Mail Australia reported. The Facebook posts have since been deleted, but screenshots were reported by both news.com.au and Daily Mail Australia . "We respect and value each and every one within our community, and we have a big community of people who rent," the Ray White representative said. According to news.com.au, Marsh was once named agent of the month by Ray White Aspley after selling properties worth 3.7 million Australian dollars. Marsh and Ray White Aspley didn't immediately respond to requests for comment from Insider, made outside normal working hours.

Persons: Aimee Marsh, Ray White Aspley, Marsh, Ray White, I've, Ray White Aspley didn't Organizations: Facebook, Daily Mail Australia, Service, Daily Mail, Courier Mail, realtors, SQM Research Locations: Australian, Brisbane, Wall, Silicon, Australia, news.com.au

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