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☆ What is a hate crime?: Officials investigate if suspect who shot 3 Palestinian students can be charged with a hate crime
▼ + stars: | 2023-11-29 | by ( Chandelis Duster | ) edition.cnn.com time to read: +8 min

CNN —The shooting of three Palestinian college students in Vermont has prompted calls for the suspect to be charged with a hate crime. “When you add a hate crime enhancement that changes things,” George said at a news conference Monday. Crimes based on gender identity accounted for 4% of hate crimes, 1.5% were based on disability and less than 1% on gender. The Justice Department began prosecuting federal hate crime cases after the Civil Rights Act of 1968 was signed into law. Their murders shocked the nation and later moved Congress to pass a new hate crimes statute.

Persons: Jason J, Eaton, Jon Murad, Murad, Jason Eaton, Sarah George, ” George, “, Elliot Williams, ” Williams, Williams, CNN’s Erin Burnett, Elie Honig, ” Honig, Honig, James Byrd , Jr, White, Matthew Shepard, CNN’s Eric Levenson, Elizabeth Wolfe, Tori Morales Pinales, Melissa Alonso Organizations: CNN, Burlington Police, Vermont . Burlington Police Department Authorities, Hamas, Justice Department, DOJ, FBI, feds, Civil, Department of Justice Locations: Vermont, Israel, Chittenden, New Jersey, Chittenden County, Jasper , Texas, Wyoming

WASHINGTON (AP) — As record numbers of migrants surge at the southern U.S. border, many seeking asylum, Homeland Security Secretary Alejandro Mayorkas has told Congress the country's “broken” immigration system is in need of a top-to-bottom update. It comes as Mayorkas, the face of the administration’s immigration policy, bears down the threat of impeachment proceedings from House Republicans over what they view as failed border policies. “We’re at a point for three years we’ve been saying, ‘When are we going to secure the country? On Wednesday, House Speaker Mike Johnson told GOP senators behind closed doors that he needs real border security changes as part of Biden's broader war funding package. During recent hearings, Mayorkas told Congress the administration is working to manage the situation, even as Congress has failed to update the immigration system for decades.

Persons: Alejandro Mayorkas, Biden, “ We’re, ”, Republican Sen, James Lankford of, “, we’ve, Vladimir Putin's, Vanessa Cárdenas, Biden's, Thom Tillis, Mike Johnson, Chuck Schumer, Johnson, Mitch McConnell, ” “, ‘ We’re, ’ ” Schumer, they’ve, Donald Trump, Mayorkas, Sen, Alex Padilla, Dick Durbin of, Elliot Spagat, Seung Min Kim Organizations: WASHINGTON, Homeland, Republicans, House Republicans, Republican, Democrats, Eisenhower, Cato Institute, Congress, Defense Department, GOP, Associated Press, COVID, Capitol, Dick Durbin of Illinois, Press Locations: U.S, Ukraine, Israel, James Lankford of Oklahoma, Congress, North Carolina, Alex Padilla of California, Mexico, Guatemala, Honduras

☆ UK's Sunak snubs Greek PM at last minute amid ancient sculpture dispute
▼ + stars: | 2023-11-28 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON, ENGLAND - AUGUST 23: Visitors to the British Museum walk around a selection of items from the collection of ancient Greek sculptures known as The Elgin Marbles on August 23, 2023 in London, England. LONDON — British Prime Minister Rishi Sunak canceled a scheduled meeting with Greek counterpart Kyriakos Mitsotakis on Tuesday amid a diplomatic dispute about the Parthenon Sculptures. Greece has long maintained that the 2,500-year-old sculptures, removed by British diplomat Lord Elgin in the early 19th century and currently held in the British Museum, should be returned. The statues, also known as the Elgin Marbles, have been a source of disagreement between the two nations for centuries. Deputy Prime Minister Oliver Dowden was available to meet Mitsotakis in Sunak's place.

Persons: Rishi Sunak, Kyriakos Mitsotakis, Lord Elgin, Mitsotakis, Mona Lisa, Sunak, Oliver Dowden Organizations: British, Elgin Marbles, LONDON, British Museum, BBC, NATO, Downing Locations: ENGLAND, London, England, Greece, British, Athens, Ukraine, Sunak's

HOMESTEAD, Fla. (AP) — In New York, migrants at a city-run shelter grumble that relatives who settled before them refuse to offer a bed. In South Florida, some immigrants complain that people who came later get work permits that are out of reach for them. Across the country, mayors, governors and others have been forceful advocates for newly arrived migrants seeking shelter and work permits. The administration said in September that it would work to reduce wait times for work permits to 30 days for those using the new pathways. The Washington rally reflected an effort by advocates to push for work permits for all, regardless of when they came.

Persons: Joe Biden, ”, “ Chuy ” Garcia, José Guerrero, ” Guerrero, “, Angel Hernandez, Hernandez, Adriana Trino, “ We're, Diego Torres, Santiago Marquez, hasn't, –, They’ve, ” Lawrence Benito, ___ Tareen, J, Elliot Spagat, Erik Verduzco Organizations: U.S, Rep, Chicago Democrat, . Citizenship, Immigration Services, Biden, Latin American Coalition, American Association, Washington, Illinois Coalition, Immigrant, Refugee Rights, Chicago, Associated Press, Rico Locations: Fla, New York, Chicago, South Florida, Washington, Mexico, Cuba, Haiti, Nicaragua, Venezuela, Homestead , Florida, Miami, Denver, Los Angeles, Houston, U.S, Venezuelan, Panama’s, Darien, Colombia, United States, Midtown Manhattan, Charlotte , North Carolina, In Atlanta, Homestead, Atlanta

☆ California jogger charged with voluntary manslaughter after shooting homeless man
▼ + stars: | 2023-11-25 | by ( Ashley Williams | Ashley R. Williams | ) edition.cnn.com time to read: +1 min

CNN —A Southern California man accused of shooting and killing a homeless man he woke up for blocking a sidewalk captured the shooting on video, according to the Orange County district attorney. The sleeping man awoke and began yelling at Elliot to get away from him, the release said. Elliott, who was charged with felony voluntary manslaughter and felony enhancement of personal use of a firearm, is accused of grabbing a handgun from his pushcart, according to the release. Authorities said in the release that a video taken by Elliot shows Avalos standing up and throwing a shoe at Elliot, who then ducks to avoid the shoe. Seconds later, according to the release, the video shows Elliot shooting Avalos three times.

Persons: Craig Sumner Elliott, Antonio García Avalos, Elliott, Elliot, Avalos Organizations: CNN, pushcart, Orange County Sheriff’s Department, Authorities, Garden, Garden Grove Police Department Locations: Southern California, Orange County, Garden Grove , California, Orange, Garden Grove

☆ Russia continues to pummel Avdiivka; four killed in southern shelling
▼ + stars: | 2023-11-24 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

An aerial view shows Ukraine's Motherland monument, with its new Ukrainian coat of arms shield, after fresh snowfall on Nov. 22, 2023, in Kyiv, Ukraine. Russian forces continued to bombard the eastern Ukrainian city of Avdiivka on Thursday night while shelling killed four in the southern region of Kherson, according to local officials. The head of Avdiivka's military administration, Vitaliy Barabash, told Ukraine's Channel 24 on Thursday that Russian forces had launched their "fiercest" attacks yet on the embattled down. According to Reuters, Barabash said Russia was unleashing up to 18 air attacks per day, sometimes more. In the southern region of Kherson, prosecutors said Russian shelling had killed three men and a woman, according to Reuters, as Ukrainian forces continue to mount a counteroffensive in the east and south of the country.

Persons: Vitaliy Barabash, Barabash, Vladimir Putin's, Putin Organizations: Ukraine's, Reuters, Kremlin Locations: Kyiv, Ukraine, Russian, Ukrainian, Avdiivka, Kherson, Russia, Donetsk

☆ The 'disinflation story' is strong, analyst says
▼ + stars: | 2023-11-23 | 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 EmailThe 'disinflation story' is strong, analyst saysElliot Hentov, head of macro policy research at State Street Global Advisors, says it's unlikely to ease until the second half of 2024.

Persons: Elliot Hentov Organizations: Street Global Advisors

14 North Carolina 83-81 on Thursday in the semifinals of the Battle 4 Atlantis. North Carolina (4-1) will play for third place. North Carolina took it to midcourt before calling a timeout with 3.3 seconds left. Davis led North Carolina with 23 points. Harrison Ingram added 20 points before fouling out at the offensive end with 3:44 left in regulation.

Persons: — Justin Moore, Eric Dixon, Cormac Ryan, Elliot Cadeau, Moore dribbled, Dixon, RJ Davis inbounded, Moore, Mark Armstrong, Davis, Harrison Ingram, Ryan, Armando Bacot, ___ Organizations: Villanova, North Carolina, Atlantis, UNC, AP Locations: NASSAU, Bahamas, Arkansas, Memphis, Carolina, North Carolina, .

☆ Why the UK government's tax cuts still leave workers worse off
▼ + stars: | 2023-11-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

British Finance Minister Jeremy Hunt that the U.K. economy would not enter a technical recession in 2023, while announcing the government's spring Budget. The U.K. National Insurance is a tax on workers' income and employers' profits to pay for state social security benefits, including the state pension. Touted by the Conservative party as the "largest ever tax cut for workers," the move nevertheless does not shield taxpayers from the effect of frozen tax thresholds that tip more of their income into higher tax brackets, as nominal wages rise. In March 2021, then-Finance Minister Rishi Sunak announced that the personal allowance (PA) and higher-rate thresholds (HRT) of income tax would be frozen for four years until April 2026. Alongside extending the freezes, Hunt in November 2022 froze the upper earnings limit for NI contributions and lowered the additional rate hold from £150,000 to £125,140 from April 2023.

Persons: Jeremy Hunt, Dan Kitwood, Rishi Sunak's, Hunt, Rishi Sunak, Torsten Bell, Paul Johnson Organizations: British, Getty, Finance, National Insurance, Labour Party, Rishi Sunak's Conservative, Insurance, Conservative, Treasury, Institute for Fiscal Studies

☆ The vice-president of Germany's central bank has a warning for lenders as insolvencies rise
▼ + stars: | 2023-11-23 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Germany's major banks need to increase their provisions for non-performing loans, as corporate insolvencies and credit risks mount, according to Bundesbank Vice-President Claudia Buch. Lawmakers in Berlin are meanwhile scrambling for solutions to a developing budget crisis that could threaten the future of the country's coalition government. Like the rest of the euro zone, the German economy is dealing with a rapid rise in interest rates, as the European Central Bank took its main deposit facility from a record low of -0.5% in September 2019 to a record-high of 4% in September 2023. "I will say that, actually, the financial sector dealt quite well with this increase in interest rates. "Resilience is really of utmost importance at the current juncture.

Persons: Claudia Buch, Buch, CNBC's Annette Weisbach Organizations: Lawmakers, European Central Bank Locations: Europe, Berlin

☆ UK's Jeremy Hunt to announce tax cuts aimed at reviving stagnant economy
▼ + stars: | 2023-11-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

U.K. Finance Minister Jeremy Hunt will deliver his Autumn Statement budget announcement on Wednesday, facing pressure from within the ruling Conservative Party to implement tax cuts as the country's economy stagnates. Hunt will have more money at his disposal than a year ago and is under pressure from the right of his party to enact tax cuts. He is expected to announce reductions in National Insurance and business tax, while one Treasury minister has suggested that personal taxes could also be coming down. While Hunt has not ruled out tax cuts, he has emphasized the fragile state of the economy and reiterated that reducing living costs is the government's priority. The U.K. Treasury last week announced £4.5 billion ($5.6 billion) in funding for British manufacturing to boost investment in eight sectors across the U.K., available for a five-year period from 2025.

Persons: Jeremy Hunt, Rishi Sunak's, Liz Truss, Hunt, Sunak Organizations: Finance, Conservative Party, Bank of England's, National Insurance, Treasury, Labour Party Locations: U.K

NEW YORK (AP) — Everything from rap to yacht rock, country and alt-rock are represented among the nominees for the 2024 Songwriters Hall of Fame, with nods for Public Enemy, Steely Dan, Bryan Adams, George Clinton, Tracy Chapman, R.E.M., Blondie, Heart and The Doobie Brothers. Adams, R.E.M., Blondie, The Doobie Brothers and Heart were also nominated last year but didn't make the final cut. Last year's inductees included Snoop Dogg, Gloria Estefan, Sade, Jeff Lynne, Glen Ballard and Teddy Riley. The Songwriters Hall of Fame was established in 1969 to honor those creating the popular music. A songwriter with a notable catalog of songs qualifies for induction 20 years after the first commercial release of a song.

Persons: Steely Dan, Bryan Adams, George Clinton, Tracy Chapman, R.E.M, Doobie, Kenny Loggins, Nashville hitmaker Hillary Lindsey, Timbaland, Justin Timberlake's “, ”, Missy Elliot's, Michael Stipe, Ann, Nancy Wilson, Heart, Adams, Clinton, Debbie Harry, Chris Stein, Clem Burke, Blondie, Chapman, Luke Combs, didn't, Snoop Dogg, Gloria Estefan, Sade, Jeff Lynne, Glen Ballard, Teddy Riley, Randy Bachman, Burton Cummings, Tom Johnston, Patrick Simmons, Michael McDonald —, David Gates, Chuck D, Flav, Steely Dan —, Donald Fagan, Walter Becker —, Maurice Starr, Tony Macaulay, Dean Dillon, Russell Brown, Narada Michael Walden, Roger Nichols, Dennis Lambert, Brian Potter, Loggins, Dean Pitchford, Elvis Presley, Gladys Knight, Tom Jones, Carole King, Paul Simon, Billy Joel, Jon Bon Jovi, Richie Sambora, Elton John, Bernie Taupin, Brian Wilson, James Taylor, Bruce Springsteen, Tom Petty, Lionel Richie, Bill Withers, Neil Diamond, Phil Collins, ___ ___ Mark Kennedy Organizations: Hall of Fame, Nashville, Little Big Town, Associated Press, Country Music Association, Roll Hall of Fame Locations: R.E.M

☆ Geopolitical instability and a packed election calendar have strategists wary of 2024
▼ + stars: | 2023-11-21 | by ( Elliot Smith | ) www.cnbc.com time to read: +5 min

In a global risk survey carried out among 130 businesses last month by Oxford Economics, almost two fifths of respondents viewed the Israel-Hamas war as a very significant risk to the global economy over the next two years. "Deglobalisation and persistently higher oil prices, both of which could be triggered by an intensification of geopolitical tensions, are also fairly prominent in the latest survey," Oxford Economics researchers said. "Rising geopolitical tensions could trigger more trade restrictions across the globe, resulting in further economic fragmentation. "Ongoing geopolitical conflicts and tensions are likely to depress growth further, while adding to inflationary pressures that are beyond the control of central banks." "Early 2024 Taiwan elections will set the stage for the rest of the year.

Persons: Gil Cohen, Deglobalisation, Goldman, Roland Temple, Lazard Organizations: Hamas, magen, AFP, Getty, Oxford Economics, NATO, Oxford, Monetary Fund, Asset Management, West, Democratic Progressive Party, Kuomintang, KMT Locations: Gaza, Israel, China, Taiwan, Russia, U.S, South Africa, India, Ukraine, Ukrainian, Iran, Hormuz, United States, Beijing

☆ Trump’s gag order appeal previews America’s grave election year stress test
▼ + stars: | 2023-11-21 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

However the ex-president’s appeal ends against a limited gag order imposed in his federal election subversion case, he can expect a benefit. A judgment in Trump’s favor on the gag order – which has been temporarily frozen while the appeal is heard – would pale against his four criminal trials and his current civil fraud trial in New York. How the gag order case reflects Trump’s intense challenge to accountabilityThe gag order appeal is entwined with complex arguments on the breadth of the First Amendment and the extent to which courts have the right to regulate its scope in order to protect their officers and proceedings and the administration of justice. Trump’s legal team argued that any restrictions on his comments represent an unconstitutional assault on his rights to freedom of political speech. The incitement issue is not a hypothetical one in the gag order case.

Persons: Donald Trump, Trump, Jack Smith’s, Trump’s, –, Tanya Chutkan, Joe Biden, —, Smith, ”, Patricia Millett, John Sauer, ’, “, Elliot Williams, Arthur Engoron, ” Engoron, Mike Pence, Mark Milley, Bradley Moss, CNN Max, Moss Organizations: CNN, Trump, Justice Department, DC, “, Republican, Capitol, Rocky, Rocky Mountain State, Joint Chiefs of Staff, Biden Justice Department Locations: New York, United States of America, Colorado, Rocky Mountain

☆ Meet Emmett Shear, the new interim CEO of OpenAI, who sold his first startup on eBay for $250,000
▼ + stars: | 2023-11-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Emmett Shear is the new interim CEO of OpenAI following the ouster of Sam Altman. AdvertisementFormer Twitch CEO Emmett Shear has been named the new interim CEO of OpenAI following Sam Altman's shock firing at the artificial intelligence startup over the weekend. AdvertisementWho is Emmett Shear? In 2014, Amazon bought Twitch for $970 million and Shear stayed on as the CEO of the company. He remained at the tech startup accelerator for five years up until June 2016, according to his LinkedIn account.

Persons: Emmett Shear, Sam Altman, Twitch, —, Sam Altman's, Shear, Emmett, Justin Kan, Kiko —, Elliot Noss, Kan —, Combinator Organizations: Amazon, Service, United Airlines, Yale University, eBay, Google Locations: Seattle, Justin.tv

☆ Ukraine war live updates: Kyiv suffers second night of drone attacks; Ukraine claims gains in Dnieper River battle
▼ + stars: | 2023-11-20 | by ( Elliot Smith | ) www.cnbc.com time to read: 1 min

The Ukrainian capital Kyiv endured a second successive night of drone attacks on Sunday, local officials said, while its forces claimed to have gained ground in the ongoing battle with Russian troops on the banks of the Dnieper River. Serhiy Popko, the head of Kyiv's military administration, said on Telegram that a barrage of ammunition was fired by Shahed drones over the capital. "The enemy's UAVs were launched by many groups and came to attack Kyiv in waves, from different directions, while constantly changing the vectors of movement along the route," Popko said. Air raid sirens were sounded several times in Kyiv, and no casualties or critical damage were recorded in the city according to currently available information, he added.

Persons: Serhiy Popko, Popko Organizations: Kyiv, Russian Locations: Kyiv

During Art Basel Miami next month, St. Fleur said that he intended to visit the art fairs with former N.B.A. players like Deron Williams, Courtney Lee and Amar’e Stoudemire, and that he was arranging a private dinner for some of his athlete clients at a collector’s home on Star Island. There are other signs that the influence of athletes who collect art has been growing in recent years. He served on the board of advisers of the Hammer Museum in Los Angeles and now serves on the board of the Hirshhorn in Washington. “I wanted to think outside the box and give our players #athletes an opportunity to engage with ART done by African American Artists and respond to the cultural richness of these artists, as well as draw their own interpretation of the works.”

Persons: Kevin Love, Cindy Sherman, Cy Twombly, Ernie Barnes, Fleur, Deron Williams, Courtney Lee, Amar’e Stoudemire, Keith Rivers, Kerry James Marshall, Sonia Gomes, Thaddeus Mosley, Elliot Perry, “, ” Organizations: Miami Heat, Art Basel Miami, Star, Art Foundation, Hammer Museum, Hirshhorn, Memphis Grizzlies, American Artists Locations: New York, Manhattan, Los Angeles, Washington

☆ Fact Check: ‘Patriots’ protecting Nuneaton statue post is satire
▼ + stars: | 2023-11-17 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

The original Nov. 14 post on X (archived), formerly Twitter, has a photo of four men standing in front of the Eliot statue in Nuneaton with the caption: “Can’t make this up. As the events in London were kicking off, Brave Patriots of Nuneaton were courageously protecting the town statue. Another Facebook user (archived) who shared a screenshot of the satirical post said: “The brave patriots of Nuneaton on Armistice Day, proudly protecting a statue of *checks notes* George Elliot. Take that Antifa!”The photograph, which does show four men guarding the statue, was captured in June 2020 while a Black Lives Matter demonstration was underway in Nuneaton town centre. The X user who originally posted the claim said his post was satire.

Persons: George Eliot, Eliot, Churchill, George Elliot, Jane Austen, Gosh, ”, Read Organizations: Brave Patriots, Nuneaton, Facebook, Labour Party, Coventry Telegraph, Reuters, Thomson Locations: Britain, London, Nuneaton, Whitehall, Local

☆ Russian shelling kills six in Kherson; U.S. aid for Ukraine in limbo
▼ + stars: | 2023-11-17 | by ( Elliot Smith | ) www.cnbc.com time to read: 1 min

Russian shelling killed six people and injured at least 10 in various parts of the southern Ukrainian region of Kherson over the last 24 hours, local officials confirmed. Kherson Governor Oleksandr Prokudin announced on Telegram Friday that Russian forces attacked residential areas of the central and Dnipro districts of the region. "Over the past day, the enemy launched 58 attacks, firing 347 shells from mortars, artillery, Grads, tanks, UAVs and aircraft. The enemy fired 43 shells at the city of Kherson," Prokudin said, according to a translation. As a result of Russian aggression, 6 people died, 10 more were injured, including 1 child."

Persons: Oleksandr Prokudin, Prokudin Locations: Ukrainian, Kherson, Dnipro

[1/3] The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Beijing needs to pull "multiple levers" at the same time to address the "vulnerabilities" in the financial system, local government financing, as well as consumer sentiment, said Edward Al-Hussainy, head of emerging market fixed income research at Columbia Threadneedle, which owns Country Garden bonds. China property sector slumpShoring up confidence is the biggest challenge facing Beijing and is key to getting homebuyers spending again, which analysts says isn't likely to happen soon given an uncertain economic outlook. Reuters reported last week that Chinese authorities have asked domestic financial behemoth Ping An Insurance Group to take a controlling stake in Country Garden. "You need to fix the macro environment first; if you don't earn enough how do you buy a property?," said Xu, whose firm holds China property dollar bonds.

Persons: Aly, Edward Al, isn't, Morgan Stanley, Ping, Ping An, Elliot Hentov, Steven Xu, Xu, Raymond Cheng, Goldman Sachs, Clare Jim, Davide Barbuscia, Karin Strohecker, Summer Zhen, Rae Wee, Sumeet Chatterjee Organizations: Shanghai Country Garden, REUTERS, HONG KONG, Columbia, Reuters, HK, Economic Work Conference, Reuters Graphics, HIT, Insurance Group, State Street Global Advisors, Country, Harmonia, Bloomberg, China, CIBM Securities, Thomson Locations: Shanghai, China, HONG, Beijing, outflows, Hong Kong, New York, London, Singapore

European markets pulled back slightly on Thursday, reversing positive sentiment seen earlier in the week after the release of positive data from the U.S. and China. The pan-European Stoxx 600 index was down 0.2% in early trade, with chemicals shedding 0.7% to lead losses while utilities gained 0.6%. And there was upbeat economic data from China, which reported better-than-expected retail sales and industrial data for October. In other news, U.S. President Joe Biden and China's President Xi Jinping met in person in San Francisco on Wednesday, marking the first meeting of the leaders in about a year. The leaders agreed to resume high-level military communication, according to both countries, but Taiwan remains a sticking point.

Persons: Joe Biden, Xi Jinping Organizations: Federal Reserve Locations: U.S, China, San Francisco, Taiwan

☆ Burberry shares sink 9% as luxury spending slowdown bites
▼ + stars: | 2023-11-16 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts amid a global slowdown in luxury spending. The company also cautioned that it may miss its annual revenue projections for low double-digit growth. In its fiscal second-quarter earnings report Thursday, Burberry reported that comparable store sales growth slowed to just 1%, down from 18% in the previous quarter, as momentum in China fizzled out. The company recorded a half-year operating profit of £223 million ($276.64 million), down 15% from last year, but CEO Jonathan Akeroyd said Burberry was making "good progress" on its strategic aims. "While the macroeconomic environment has become more challenging recently, we are confident in our strategy to realise our potential as the modern British luxury brand, and we remain committed to achieving our medium and long-term targets."

Persons: Jonathan Akeroyd, Burberry, Daniel Lee, Akeroyd Organizations: Burberry Locations: China

☆ Siemens beats earnings forecasts, says sales growth to slow in 2024
▼ + stars: | 2023-11-16 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Exterior view of the Siemens Forum, part of the Siemens Headquarters, in Munich, Germany. Siemens on Thursday posted a 10% rise in revenue growth for its fiscal fourth quarter to a record high of 21.4 billion euros ($23.2 billion), beating forecasts, but expects a slowdown in 2024. Industrial profit grew 7% to a record 3.4 billion euros in the fourth quarter, above a company-compiled forecast of 3.34 billion euros, to notch a record high of 11.4 billion euros for the year. Net income was 1.9 billion euros for the quarter, taking the full-year figure to a historic high of 8.5 billion euros, while free cash flow also notched a record 10 billion euros for the full year. Siemens proposed to increase its dividend from 4.25 euros per share a year earlier to 4.70 euros per share.

Persons: Roland Busch Organizations: Siemens Forum, Siemens, Digital Industries, Industrial Business Locations: Munich, Germany, China

☆ South Africa look to avoid dropping another World Cup against nemesis Australia
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +3 min

"You've just dropped the World Cup," were the words attributed to Waugh after Gibbs's drop, though neither player has ever corroborated the remark. Klusener thumped fours off paceman Damien Fleming's first two balls to leave South Africa needing one run from the final four balls for a place in their maiden World Cup final. They were eliminated from their home World Cup in 2003 after miscalculating the adjusted winning target in a rain-hit match against Sri Lanka. In 2015, New Zealand batsman Grant Elliot smashed Dale Steyn for six to sink South Africa in the semi-final in Auckland. Former Australia wicketkeeper Brad Haddin said he would waste no time in bringing up South Africa's World Cup misfires if he was playing against them in Thursday's semi-final in Kolkata.

Persons: Steve Waugh, Herschelle Gibbs, Gibbs, jogged, You've, Waugh, Gibbs's, Lance Klusener, ender Allan Donald, Klusener, Damien Fleming's, Donald, Adam Gilchrist, Grant Elliot, Dale Steyn, Brad Haddin, Haddin, Ian Ransom, Peter Rutherford Organizations: Australia, South, Sri, New, New Zealand, Auckland . Former Australia, Thomson Locations: KOLKATA, Africa, South Africa, Edgbaston, Australia, Sri Lanka, New Zealand, New, Auckland ., Kolkata, Melbourne

☆ UBS boss Ermotti says 'incredible' bond demand is 'a signal to the Swiss banking system'
▼ + stars: | 2023-11-15 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

Sergio Ermotti, CEO of UBS gestures during a panel discussion at the Swiss-American Chamber of Commerce in Zurich, Switzerland January 18, 2019. UBS Group CEO Sergio Ermotti says the "incredible" market demand for the bank's recent issuance of AT1 (additional tier one) bonds is a "signal to the Swiss banking system." The Swiss lender last week began selling the bonds — which were at the heart of controversy during its emergency rescue of Credit Suisse earlier this year — for the first time since the takeover. Ermotti told CNBC on Wednesday that he was "more than encouraged" by the massive oversubscription received for last week's return to the market. "The AT1 demand was incredible — 36 billion euros ($39.1 billion) of demand for what happened to be 3.5 billion [euros] of placements — and in my point of view, it was probably the highlight in a sense of the confidence is restoring not only for UBS, I would say also it is a signal to the Swiss financial system," Ermotti said.

Persons: Sergio Ermotti, Ermotti Organizations: UBS, Swiss, American Chamber of Commerce, Credit Suisse, CNBC Locations: Zurich, Switzerland, Swiss

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