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☆ What could break as interest rates rise?
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +5 min

Sweden, where rates rose again on Thursday, is one to watch with most homeowners' mortgages moving in lockstep with rates. Reuters Graphics2/ REAL ESTATE: PART 2Having taken advantage of the low rates era to borrow aplenty and buy up property assets, the commercial real estate sector is grappling with higher debt refinancing costs as rates rise. "The single most important thing is interest rates. But not just interest rates; what it is equally important is the predictability of rates," said Thomas Mundy, EMEA head of capital markets strategy at real estate firm JLL. "If we were settled on an interest rate, real estate prices could adjust.

Persons: Richard Portes, Thomas Mundy, Banks, Florian, Ielpo, Jerome Powell, Markus Allenspach, Julius Baer, Nick Kraemer, Wagner, Vladimir Putin's, Putin, Tina Fordham, Chiara Elisei, Naomi Rovnick, Nell Mackenzie, Karin Strohecker, Vincent Flasseur, Kripa Jayaram, Sumanta Sen, Pasit, Dhara Ranasinghe, Alison Williams Organizations: International Monetary Fund, Reuters, Federal, Finance, London Business School, Lombard, Federal Reserve, Casino, Sweden's SBB, Fordham Global Foresight, Thomson Locations: Britain, Norway, Russia, Sweden, lockstep, London's, City, RUSSIA, Ukraine

☆ China is looking all over the world for help building and flying its fighter jets
▼ + stars: | 2023-06-25 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

A British Royal Air Force Eurofighter Typhoon fighter jet at RAF Coningsby in May. Daniel Duggan, a former US Marine Corps pilot, has been accused of violating the Arms Export Control Act by training Chinese military pilots. "Currently, Chinese jet engines can at best achieve one-fourth the life span of Western engines," the report says. To manufacture engines, China still needs to import complex machine tools, including equipment made in Germany, Japan, Italy, and South Korea. A J-20 stealth fighter jet at Airshow China 2022 in Zhuhai in November.

Persons: —, Der Spiegel, Christopher Furlong, Daniel Duggan, Duggan, Chen Jimin, Deng Hua, John Paul Jones, walling, Michael Peck Organizations: Service, Privacy, China, NATO, Taiwan, British Royal Air Force Eurofighter, Coningsby, US, Chinese headhunters, US Marine Corps, Western, China News Service, Getty, Center for Strategic, International Studies, CSIS, Nations, Soviets, Defense, Foreign Policy, Twitter, LinkedIn Locations: China, May, Australian, Zhuhai, US, Germany, Japan, Italy, South Korea, Xinhua, Constantinople, Byzantine Empire, Hungarian, Russia, Russian, Nazi, Forbes

☆ Red Bull can win everything but the gap may be closing
▼ + stars: | 2023-06-19 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

June 19 (Reuters) - Red Bull boss Christian Horner recognised after Sunday's landmark Canadian Grand Prix that his runaway Formula One leaders could win every race this season. "On this venue yes, the gap is shorter... it's inevitable that they are closing, we'd be surprised if that wouldn't be the case," said Horner. If there is an Achilles' Heel in Red Bull's dominance, it is the current dependence on Verstappen for the top step of the podium. Should Verstappen suffer a setback, mechanical or otherwise, the chances of the second Red Bull coming through for the win are looking a lot less certain and rivals are sensing opportunities. Verstappen's last race retirement was in Australia in April 2022 and the last time he was beaten by someone not in a Red Bull was last November, when Mercedes's George Russell won in Brazil.

Persons: Red Bull, Christian Horner, Abu, Horner, Max Verstappen, Ayrton Senna's, McLaren, Alain Prost, Senna, Mercedes, Verstappen, Montreal's Circuit Gilles Villeneuve, Aston Martin's Fernando Alonso, Lewis Hamilton, we'd, Alonso, Aston Martin, Hamilton, Max, Sergio Perez, Perez, Red, Verstappen's, Bull, Mercedes's George Russell, Alan Baldwin, Clare Fallon Organizations: Prix, Sky Sports, Montreal's Circuit, Alonso in, Ferrari, Red Bull, Thomson Locations: Abu Dhabi, Australia, Spain, Alonso in Monaco, Montreal, Brazil, London

☆ England's Southgate praises Saka and rest of forward line after rout
▼ + stars: | 2023-06-19 | by ( Lori Ewing | ) www.reuters.com time to read: +4 min

Despite a nagging Achilles injury, Saka shone in England's fourth straight Group C win that has top with 12 points. "Then when the team were playing well he was still a key player and performing at a really high level. At the end of a long season in which Arsenal finished runners-up to Manchester City in the Premier League, Saka could have sat the game out with the injury, Southgate said. Despite what Southgate called "an outrageous" scoreline, Kane did not open the floodgates until the 27th minute. "That wasn't really how we were expecting the game to be because there's no evidence that Macedonia would suffer like that," Southgate said.

Persons: Molly Darlington, Saka, Gareth Southgate, Southgate, Harry Kane, Marcus Rashford, it's, Kane, I've, I'd, Lori Ewing, Ken Ferris Organizations: Soccer Football, UEFA, Arsenal, Manchester City, Premier League, Southgate, FA, League, Thomson Locations: England, North Macedonia, Old Trafford, Manchester, Britain, Molly Darlington MANCHESTER, Macedonia, Qatar

CNN —Ukrainian forces spared the life of a Russian soldier when he surrendered to a drone on the battlefield just moments before its operators were about to open fire, a Ukrainian commander has confirmed to CNN. Following the surrender, reporters at the Wall Street Journal interviewed the Russian soldier at a detention facility in the Kharkiv region on May 19, under the supervision of a guard. The reporters also spoke with the Ukrainian drone pilot, according to the paper, who said he decided to spare his life after watching his pleas. “This is probably an unprecedented case when, through the coordinated work of the brigade and the aerial reconnaissance component, we managed to capture the occupier,” Ukrainian commander Fedorenko said. According to the Wall Street Journal, the Russian soldier and former prison marshal was working as a liquor-store manager before he was drafted in September last year.

Persons: Yuriy Fedorenko, Achilles ”, “, ” Fedorenko, ”, Fedorenko, Russian Wagner Organizations: CNN, Wall Street, 92nd Brigade, Wall Street Journal Locations: Russian, Ukrainian, Bakhmut, Kharkiv, Luhansk, Donetsk, Ukraine

☆ Greece’s reform labours are only half complete
▼ + stars: | 2023-06-05 | by ( Hugo Dixon | ) www.reuters.com time to read: +6 min

Greece’s large current account deficit and domestic corruption undermine its attraction as an investment destination. The issue, rather, is whether Greece will be able to attract investment in the quantities needed for it to fulfil its potential. What’s more, investment is still only 14% of national income, even though this measure expanded during Mitsotakis’ first term as prime minister. Well-designed tax and benefit reforms could even reduce the country’s unemployment rate, which is currently 12%, thereby increasing its productive potential. All this would provide a buffer if Greece or the world economy is hit by further shocks in coming years.

Persons: Hercules, Mitsotakis, Bruegel, Peter Thal Larsen, Oliver Taslic Organizations: Reuters, Union, International Monetary Fund, Bank of, Reuters Graphics Reuters, Twitter, Thomson Locations: ATHENS, Greece, Mitsotakis ’, Bank of Greece, Mitsotakis

☆ The Miami Heat’s Long Shot Journey to the NBA Finals
▼ + stars: | 2023-05-30 | by ( Robert O Connell | ) www.wsj.com time to read: 1 min

The Miami Heat celebrate with the Bob Cousy trophy after defeating the Boston Celtics in Game 7 of the Eastern Conference Finals. Photo: Adam Glanzman/Getty ImagesIn 1999, the New York Knicks became the first eight seed in history to make a run to the NBA Finals. It took a last-second floater from Allan Houston just for the Knicks to survive the playoffs’ opening round. They swept the next round, then closed out the Eastern Conference Finals without Patrick Ewing, who injured his Achilles tendon.

☆ The 18 best ways to make money by reading, from submitting book reviews for cash to narrating audiobooks
▼ + stars: | 2023-05-27 | by ( Zulie Rane | ) www.businessinsider.com time to read: +16 min

She always wanted to earn money from reading books, but said the best way to do that doesn't exist. Here are a few of the best ways to make money by reading books using social media. The good news is that BookTok is one of the best ways to make money by reading books. Post your book reviews on a publication like Books Are Our Superpower and make money by reading books that way. Until then, I hope this article helps you find the best ways to make money by reading books.

☆ Çanakkale: Where ancient Troy sits beside the modern city
▼ + stars: | 2023-05-10 | by ( Nick Hilden | ) edition.cnn.com time to read: +9 min

CNN —An enormous wooden horse presides over the marina in Çanakkale, a small port city southwest of Istanbul. The clapboard animal is a mock-up of the Trojan Horse of mythological fame. Çanakkale (pronounced cha-na-call-ay) stands adjacent to the archaeological site that was once the ancient city of Troy, best known as the setting of the Trojan War in Homer’s “Iliad.”A giant wooden horse watches over Çanakkale. Today when you visit Truva – either via car or a short bus ride from Çanakkale – a second model of the Trojan Horse looms at the entrance. “We know that there were many wars that occurred at Troy,” Rose explains.

☆ Australia paceman Hazlewood makes successful return in IPL
▼ + stars: | 2023-05-02 | by ( ) www.reuters.com time to read: +1 min

MELBOURNE, May 2 (Reuters) - Paceman Josh Hazlewood handed Australia an Ashes boost as he made a successful return from an Achilles injury to help Royal Challengers Bangalore beat Lucknow Super Giants by 18 runs in the Indian Premier League. Hazlewood took 2-15 in his three overs as RCB successfully defended a modest total of 126 for nine on Monday. "It has been a long layoff," Hazlewood said of his four-months on the sidelines since injuring his Achilles during the Sydney test in January. It is great to be back out here, in front of some good fans, and have a good hit out." Hazlewood took 20 wickets at an average of 21.85 in four tests during the 2019 Ashes in England, which ended in a 2-2 draw and saw Australia retain the urn.

☆ I'm a bear when it's called for, like in 2007. But this stock market belongs to the bulls
▼ + stars: | 2023-04-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

I have not been bombarded with as many warnings about how we are about to embark upon a wave of failures of all sorts — shadow banks, regional banks, commercial real estate lenders, real estate investment trusts — at any time since 2007. Let's take commercial real estate. I mention SL Green because it may be the most challenged of the REITs, real estate investment trusts, other than Vornado Realty Trust (VNO), a historically fine New York real estate concern, which just delayed its dividend. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Goldman Sachs M&A team doesn't get out of bed for less than $10 billion
▼ + stars: | 2023-04-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Goldman Sachs' M&A team operates under a similar mandate, albeit with a few more zeros. Why bother stressing over 10 $1 billion deals when you can just do a $10 billion deal? It's not just the M&A market that's facing issues. The bank has held the top spot on the year-end M&A league tables for decades, but it is hearing footsteps. More on Goldman's M&A strategy amid an industry drought.

☆ UK inflation stays at 10% as bread rises at record clip. Here’s why it’s proving hard to beat
▼ + stars: | 2023-04-19 | by ( Hanna Ziady | ) edition.cnn.com time to read: +5 min

London CNN —UK inflation remained above 10% in March, far higher than in the United States and Europe, as bread prices rose at a record pace. Energy an ‘Achilles’ heel’The United Kingdom is a net importer of energy, unlike the United States. UK inflation to fall sharplyThe good news is that UK inflation is expected to fall rapidly through the remainder of the year, as lower wholesale gas prices feed through to household energy bills. From April, “UK inflation might start to drop faster than in Europe,” he said. But core inflation could take longer to fall in the United Kingdom, according to Gregory of Capital Economics.

☆ Dominion’s case against Fox News goes to trial next week. Is the First Amendment really on the line?
▼ + stars: | 2023-04-16 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +21 min

But even by the standards of the profession, the language in Dominion's $1.6 billion lawsuit against Fox News has been downright apocalyptic. A victory for Dominion against Fox, they say, could wreak havoc for other journalism organizations across the country. The sheer closeness between Trump and Fox News makes a case like this unlikely to harm journalism organizations down the line, Goodale said. The vast majority of defamation cases against media organizations are settled, which gives few high-profile precedents to the Dominion lawsuit. "And that's the balance that the Sullivan court strike tried to strike in 1964.

☆ Rupert Murdoch reportedly spent a night on a gurney in a hospital parking lot after he broke his back falling on son Lachlan's yacht
▼ + stars: | 2023-04-12 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Rupert Murdoch reportedly broke his back after he fell while aboard his son Lachlan's yacht in 2018. A new report from Vanity Fair detailed previously unreported health scares experienced by the 91-year-old media mogul. The yacht, which was sailing near Guadeloupe, reportedly docked at the nearest island to take Murdoch to the hospital, per Vanity Fair. Sources close to the family said he was in critical condition, and "kept almost dying," according to Vanity Fair. According to the report, Murdoch later tore an Achilles tendon after tripping over a box in March 2019, leaving him wheelchair-bound.

☆ England's Houghton will keep 'knocking the door' for the World Cup
▼ + stars: | 2023-04-09 | by ( ) www.reuters.com time to read: +2 min

April 9 (Reuters) - Former England captain Steph Houghton has said it has been tough to deal with her omission from the national team as she aims to reach this year's World Cup in Australia and New Zealand. Anything can happen so I just need to make sure I stay professional and I'm ready. Houghton featured in and scored at major events such as the 2012 Olympic Games, and the 2015 and 2019 World Cups. As another World Cup approaches, the Durham native feels ready to contribute to the success of Wiegman's team, who also just won the Finalissima against Brazil at Wembley. "I'm proud of all the girls and what they've achieved, but as a professional footballer you want to be playing in the best teams and tournaments and the World Cup is certainly that."

☆ Glencore’s Teck gambit could slip on an oily patch
▼ + stars: | 2023-04-06 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

Valued at 6 times its expected 2024 EBITDA of $3.2 billion, Teck’s metals unit would be worth just under $20 billion. Glencore boss Gary Nagle’s alternative plan, which would hand Teck shareholders 24% of the enlarged company, initially looks more appealing. Nagle can’t put the business, the pride of Glencore founder Marc Rich, together with the new coal unit. The risk for Nagle is that Teck shareholders do too. Teck shareholders will vote on the company’s proposal on April 26.

☆ Inside Nike: Sources share claims of sexism, cheating, abuse at the world's wokest brand
▼ + stars: | 2023-04-05 | by ( Joshua Hunt | ) www.businessinsider.com time to read: +51 min

The conservative blowback came as no surprise to Parker, who told Nike's board of directors to expect some short-term backlash. In late 2014, the BBC sent a film crew to Portland to interview several former Oregon Project employees. "He would be at the side of the track calling out runners' splits but wouldn't call Kara's out," Adam Goucher told me. When people asked why she left the Oregon Project, she said it was a "personal decision." "I don't think it has anything to do with who the CEO is," Goucher told me.

☆ A 27-year-old professional athlete landed a gig at Benchmark. Here's how she's balancing a Nike sponsorship, elite running, and working at the VC powerhouse.
▼ + stars: | 2023-03-29 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +9 min

Vanessa Fraser is a professional runner sponsored by Nike. As a professional runner for Nike, she's stared down American records, competed at national championships, and raced to make Olympic teams. These days, she's bringing that intensity off the track and into the world of venture capital. So when the call came from a recruiter working with Benchmark, Fraser was open to listening. In some ways, stepping back from full-time professional running and adding variety to her days have made Fraser an even better athlete, she said.

☆ NBA roundup: Warriors withstand Joel Embiid's 46-point game
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: +7 min

[1/5] Mar 24, 2023; San Francisco, California, USA; Golden State Warriors guard Stephen Curry (30) dribbles the basketball against the Philadelphia 76ers in the fourth quarter at Chase Center. A 23-9 run in the first 5:59 out of the locker room quickly flipped the game in the Kings' favor. Booker finished with 32 points, 14 in the fourth quarter, and Ross' 30 points marked a season high. Italian rookie Simone Fontecchio led Utah with 26 points, while Kelly Olynyk chipped in with 16 points and seven rebounds. Haliburton and Myles Turner each scored 20 points to lead Indiana, which trailed by 29 in the fourth quarter.

Dollars trade at around twice the price they do at the official exchange rate with even banks offering openly offering unofficial rates. An Economy Ministry source denied to Reuters the possibility of the formalization of official parallel FX rates, while a central bank spokesman declined to comment on the topic. Local economist Gustavo Ber said the "daily bleeding" of reserves was a rising concern, with traders closely watching what happened with the peso crawling-peg. The rising pressure on the currency has seen dollars trade at 400 pesos per dollar in parallel markets, compared to 205 pesos at the official rate. Maximiliano Donzelli, analyst at IOL, said a sharp devaluation remained unlikely despite the growing pressure, with temporary and targeted parallel rates more likely.

☆ The inside story of hot startup Deel's grow-at-all-costs culture
▼ + stars: | 2023-03-20 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +5 min

Deel employees told Insider how the startup exploded. In just three years, the HR services startup grew from under 30 employees to over 2,000. My colleague Rob Price talked with more than 30 current/former Deel employees about its astronomical rise. Get a front row seat to Deel's grow-at-all-costs approach — intense, even for Silicon Valley. Loyalty, loyalty, loyalty: Why people are sticking with Silicon Valley Bank.

☆ Deel Speed: The inside story of a $12 billion HR startup's breakneck growth
▼ + stars: | 2023-03-20 | by ( Rob Price | ) www.businessinsider.com time to read: +32 min

Insider spoke with more than 30 current or former Deel workers about the HR company's extraordinary rise, and the unconventional tactics that made it possible. "I think if you talk to anyone, they would say that Alex is the face but all decisions run through Phillipe," one former Deel worker told Insider. "They lose every employment and labor protection," Valerio De Stefano, a professor at Osgoode Hall Law School, said of independent contractors. Alex Bouaziz, Deel on Centre Stage during day two of Collision 2022 at Enercare Centre in Toronto, Canada. The company didn't have an internal human-resources team until sometime in 2021, by which point it had grown to hundreds of people.

☆ California Gov. Gavin Newsom failed to publicly disclose his SVB ties while lobbying for a bailout
▼ + stars: | 2023-03-14 | by ( Mattathias Schwartz | ) www.businessinsider.com time to read: +4 min

Gavin Newsom reportedly had substantial personal ties to Silicon Valley Bank. Newsom has not discussed his personal ties to SVB publicly. It is unclear whether he disclosed them to the White House or Treasury during his contacts with the administration over the weekend. Click did not respond to detailed questions about the Intercept's reporting on Newsom's SVB ties. Spokespeople for the White House and California Partners Project did not immediately return Insider's requests for comment.

☆ NBA roundup: 76ers snuff Bucks' 16-game winning streak
▼ + stars: | 2023-03-05 | by ( ) www.reuters.com time to read: +6 min

Giannis Antetokounmpo led the Bucks with 34 points and 13 rebounds, Brook Lopez scored 26 points and Jrue Holiday added 26 points and 13 assists. Grayson Allen made six 3-pointers and finished with 20 points, all in the third quarter. Marvin Bagley III collected 20 points and 13 rebounds and Hamidou Diallo added 14 points for the Pistons. Jimmy Butler and Caleb Martin both scored 15 points, and Butler added 11 rebounds and seven assists. Houston, which received double-doubles from starters Alperen Sengun (16 points, 10 rebounds) and Kenyon Martin Jr. (14 points, 13 rebounds), will host the Spurs on Sunday.

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