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☆ Biden's student-loan forgiveness is at risk. It may have helped stop a 'red tsunami' as Gen Z flocked to the polls to save their relief.
▼ + stars: | 2022-11-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Student-loan forgiveness was a major policy that had support from the majority of young voters. While it's difficult to pinpoint what exactly may have caused this shift, opinions of young voters should be taken into consideration. Major issues like reproductive rights, climate change, and student-loan forgiveness likely helped with that turnout. Student-loan forgiveness is currently paused due to a ruling from the 8th Circuit Court of Appeals, in response to a lawsuit filed by six Republican-led states seeking to halt the debt relief. "The youth agenda is taking center stage in the Democratic party"Support for student-loan forgiveness is higher among young voters than the general public.

This week, the final week of polling before the Nov. 8 election, shows Latinos backing Democratic candidates for Congress nationally. NALEO projects about 11.6 million Latinos will vote on Nov. 8 — about the same as in 2018. "I don't know if (concern about abortion) is going to be strong enough to overcome how important economic issues are to Latino voters," Vargas said. In that race, the Republican incumbent, Maria Salazar, is in a contentious race with Democratic challenger and state Sen. Annette Taddeo. On abortion, Democratic candidates are hammering Republicans on the rise in bans and restrictions following the Supreme Court's overturning of Roe v. Wade in June.

☆ The new European vacation? Travelers are returning for trips that are all about food and wine
▼ + stars: | 2022-11-04 | by ( Lucy Handley | ) www.cnbc.com time to read: +9 min

Last year, the couple set up a tour company called Stay Awhile, which organizes trips "designed around food," according to the company's website. Guests taking part in Stay Awhile's French baking course visit the area to sample gourmet delicacies. A food tour of San SebastianPintxos are a staple in San Sebastian, one of the most popular places for foodies in Spain's Basque Country. It's not just doing a wine tour … it's a gourmet getaway," Stebbings told CNBC by phone. On a tour of the French Languedoc-Roussillon region, travelers can take a boat trip to an oyster farm off the coast of Montpellier.

☆ Thieves stole 132 bottles of wine worth $200,000 from a Michelin-starred restaurant by going through an abandoned pharmacy next door in a 'very precise' heist
▼ + stars: | 2022-11-04 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

132 bottles of wine costing an average of $1,500 each were stolen from a Madrid restaurant. The robbers made an entrance hole in a pharmacy next door, and escaped without tripping any alarms. The thieves went for the most prestigious bottles, with the looted wines worth more than $1,500 each on average. The police investigation found that the burglars entered through an abandoned pharmacy next door. Wine worth thousands of dollars was stolen from another Spanish restaurant last year.

☆ How Disney and CEO Bob Chapek are preparing for a possible Republican House majority
▼ + stars: | 2022-11-02 | by ( Brian Schwartz | ) www.cnbc.com time to read: +2 min

Disney is preparing for Republicans to take control of the House, as polls suggest the party has an edge over Democrats in the days before the midterm elections. Disney CEO Bob Chapek has been having private phone calls this year with House Republican leaders including Minority Whip Steve Scalise, R-La., according to people briefed on the matter. Scalise is in line to become House majority leader if Republicans take control of the chamber, which would make him the No. Asked about Chapek's engagement with Scalise and other House GOP officials, a spokesman for Disney said in an email that the company speaks to lawmakers from both sides of the aisle. Though she would not comment directly on Disney, Antelo said that Republicans "can bring pressure on companies that they believe are too woke" if they retake the House majority starting in January.

☆ Analysis: Argentina's embattled left hopes for Lula bump. That looks a long shot
▼ + stars: | 2022-11-01 | by ( Nicolás Misculin | ) www.reuters.com time to read: +3 min

President Fernandez, powerful Vice President Cristina Fernandez de Kirchner and Economy Minister Sergio Massa, all languish on around 30% positive image, according to an October survey by pollster Ricardo Rouvier & Associates. I don't think this will change the electoral scenario in Argentina at all," political analyst Sergio Berensztein told Reuters. Lula, after his win, wore a cap in support of VP Fernandez de Kirchner. President Fernandez meanwhile said Lula would make his first overseas visit to Argentina once in office, a reversal from cool ties under Bolsonaro between the trade partners. "I think this has more to do with politicians' views than the real effect of the election on actual people," he said.

But Silva is getting a second chance to celebrate her quinceañera or 15th birthday in a different, more empowering way. Silva is part of Quince to the Polls, a campaign by Poder Quince geared to mobilize young women to become civic and community leaders. Poder Quince is a program run by Jolt Initiative, a progressive nonprofit organization focused on increasing the civic participation of Latinos, especially young Latinos. “Even though I can’t vote yet," Silva said, "I want to motivate others." Organizers on the ground will be speaking with community members, many of who are first-time voters, said Christine Bolaños, director of communications at Jolt Action, Jolt Initiative's political arm.

☆ Italian auto groups view 8.4% pay hike request as too high, union says
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +2 min

MILAN, Oct 26 (Reuters) - Four auto groups believe pay increase requests proposed by Italian unions, including a 8.4% annual rise for next year, is too high, the UILM union said on Wednesday as talks got underway. The FIM-CISL, UILM, Fismic, UGLM and AQCF unions also requested wage increases of 4.5% for 2024 and 2.5% for 2025 to help workers recover purchasing power lost due to a Europe-wide spike in consumer price inflation. He added Stellantis considered the new contract it is discussing with unions a "valuable tool" to achieve its competitiveness ambitions in Italy. Unions and the companies have scheduled seven more meetings to be held between mid-November and mid-December. Reporting by Giulio Piovaccari Editing by Cristina Carlevaro, Mark Potter and David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Della Valle family fails to reach 90% Tod's target as offer closes
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

MILAN, Oct 25 (Reuters) - The Della Valle family failed to reach the 90% ownership threshold needed to proceed with a proposed delisting of luxury shoemaker Tod's (TOD.MI) under their buyout bid, a Borsa Italiana filing showed on Tuesday. On the last day available for the offer, investors tendered Tod's shares accounting for a total of 4,134,358 shares. According to Reuters calculations, the Della Valles, who own 64.5% of the company, needed to gain the acceptance of 5,144,373 shares to reach the 90% threshold in their effort to take the company private. The Della Valle family has stated it could delist Tod's by merging it into DeVa Finance within six months of the closing of the takeover bid. Tod's shares ended down 2.4% at 39.6 euros, underperforming Milan's all-share index (.FTITLMS) which ended up 1.5%.

☆ Italy's Illycaffe to pay global employee bonus, CEO tells paper
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +1 min

MILAN, Oct 23 (Reuters) - Italian premium coffee maker Illycaffe will pay a cash bonus to its employees to help them cope with increasingly stretched finances, its chief executive told Il Corriere della Sera newspaper on Sunday. The Ukraine crisis has lowered economic growth expectations around the world while soaring inflation is taking a heavy toll on household finances, especially in Europe. Illycaffe CEO Cristina Scocchia said the company would split a 500,000 euro ($493,000) bonus pool among its 1,350 employees worldwide by the end of the month. Register now for FREE unlimited access to Reuters.com Register"We need to combine profits and social values," she said. ($1 = 1.0142 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Giulio Piovaccari Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Telsey downgrades Under Armour, says it will continue to struggle with excess inventory
▼ + stars: | 2022-10-21 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Under Armour will continue to struggle with excess inventory, according to Telsey Advisory Group. Analyst Cristina Fernández downgraded shares of Under Armour to market perform from outperform, pointing to warnings in recent weeks from competitors adidas and Nike on high inventory. Shares of Under Armour are down nearly 63% this year, while peers Nike and Adidas have fallen roughly 48% and 63%, respectively. The new target implies roughly 21% upside from where shares closed Thursday, at $6.62. Shares of Under Armour fell 2% in the premarket Friday.

☆ Italy's Antitrust probes Iren, Iberdrola, E.On over customer contracts
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +1 min

MILAN, Oct 19 (Reuters) - Italy's competition watchdog has opened inquiries into Italian utility Iren (IREE.MI), Spain's Iberdrola (IBE.MC) and German's E.ON (EONGn.DE) over alleged electricity and gas contract issues with their customers, it said on Wednesday. The authority accused Iren and fellow Italian utility Dolomiti of allegedly making unlawful unilateral changes in the electricity supply price, it said in its statement. Iren said in response that its actions were in line with rules and it was committed to protecting its customers struggling with rising energy prices. There was no immediate comment from Iberdrola or E.ON. Register now for FREE unlimited access to Reuters.com RegisterReporting by Cristina Carlevaro, editing by Keith WeirOur Standards: The Thomson Reuters Trust Principles.

☆ In its first 100 days, the James Webb telescope peered deep into space, took beauty shots of faraway galaxies and glittering nebula, and saw a spacecraft slam into an asteroid
▼ + stars: | 2022-10-19 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +8 min

In its first 100 days of observation, Webb has captured mind-blowing images, reaching astonishing cosmic distances. Webb captured violent interactions in a star system more than 5,000 light years awayWebb captured a series of 17 concentric dust rings spawned by the Wolf-Rayet 140 binary system. Webb took a 'deep field' image that filled astronomers with wonderThe James Webb Space Telescope's first deep field infrared image, released on July 11, 2022. Webb captured detailed views of the king of our solar system – JupiterWide-field view of Jupiter, captured by Webb. Webb snapped a beauty shot of the Carina NebulaThe star-forming region NGC 3324 in the Carina Nebula, captured in infrared by Webb.

☆ Virgin Orbit to launch first satellite in Europe within six weeks - Branson
▼ + stars: | 2022-10-18 | by ( Juliette Portala | ) www.reuters.com time to read: 1 min

MILAN, Oct 18 (Reuters) - Richard Branson's small satellite service provider Virgin Orbit Holdings Inc (VORB.O) will be doing its first launch from European soil within the next six weeks, its founder said on Tuesday. "Virgin Orbit can launch satellites into space from anywhere in the world into any orbit at a days notice," Branson said during a press conference in Milan. "We are doing the first launch from European soil into space within the next six weeks ... from Cornwall," he added. Founded by Branson back in 2017, the company began commercial service in 2021. Register now for FREE unlimited access to Reuters.com RegisterReporting by Elisa Anzolin; writing by Agnieszka Flak, editing by Cristina CarlevaroOur Standards: The Thomson Reuters Trust Principles.

☆ Italy's Enel in talks with banks to secure $15.7 bln credit line - source
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: 1 min

MILANO, Oct 18 (Reuters) - Enel (ENI.MI) is discussing with a pool of Italian banks to secure a credit line, worth up to 16 billion euros ($15.7 billion) to support Italy's biggest utility, a source close to the matter said on Tuesday. The facility would have a 70% guarantee from Italy's credit export agency SACE under a state-guarantee scheme to help Italian companies affected by surging energy prices, source added. Enel declined to comment. ($1 = 1.0163 euros)Register now for FREE unlimited access to Reuters.com RegisterAndrea Mandalà, editing by Cristina CarlevaroOur Standards: The Thomson Reuters Trust Principles.

☆ Percassi family regains full control of KIKO as Peninsula exits
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: 1 min

MILAN, Oct 18 (Reuters) - The Percassi family has bought the 38% stake in Italy's KIKO held by UK private equity fund Peninsula Capital, regaining full ownership of the cosmetics group it had founded in 1997, it said in a statement on Tuesday. The closing of the operation is expected by the end of this year, it added, without disclosing any financial details. Peninsula bought a stake in KIKO back in 2018 to help fund the brand's international growth and boost profitability. Popular due to its cheap but trendy make-up products, KIKO is present in 52 countries with sales of around 750 million euros ($738.53 million). ($1 = 1.0155 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Agnieszka Flak, editing by Cristina CarlevaroOur Standards: The Thomson Reuters Trust Principles.

☆ Ryanair boss blames Brexit for UK economic 'car crash'
▼ + stars: | 2022-10-18 | by ( Alvise Armellini | ) www.reuters.com time to read: +2 min

ROME, Oct 18 (Reuters) - Ryanair (RYA.I) boss Michael O'Leary on Tuesday described the economic situation in Britain as a "car crash" caused by the country's vote to leave the European Union in 2016. Britain's new finance minister, Jeremy Hunt, on Monday scrapped Prime Minister Liz Truss's economic plan and scaled back her vast energy support scheme in a historic policy U-turn to try to stem a dramatic loss of investor confidence. Register now for FREE unlimited access to Reuters.com RegisterIrishman O'Leary said he expects Truss, who became prime minister last month, to be out of a job within a week or two. O'Leary welcomed the appointment of Hunt, who took over as finance minister last Friday and has since rewritten government plans presented only last month. "The Remainers are coming back, the adults are taking charge again ... we will return to some sensible economic policies," O'Leary added.

☆ How obscure government documents foreshadowed divorce for Kanye West, Marjorie Taylor Greene, and Madison Cawthorn
▼ + stars: | 2022-10-16 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +9 min

Republican Rep. Marjorie Taylor Greene of Georgia, for one, puts her marriage first among her qualifications for elected office. "Marjorie Taylor Greene is a conservative wife, mother of three, a successful business woman and job creator. (Marjorie Taylor Greene, too, has sometimes herself invested in companies that clash with her social sensibilities.) Months later, Cawthorn would reveal in his annual personal financial disclosure that he and Bayardelle, despite their splashy nuptials, had never pooled their finances or jointly owned reportable assets. From billionaire to billionaire, Michael Bloomberg could teach Kanye West a lesson about how to hide one's personal finances when running for president.

☆ Family's exit from Ferragamo is "out of the question", chairman says
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

MILAN, Oct 12 (Reuters) - The Ferragamo family does not plan to exit the eponymous luxury company as it is committed to further developing the brand worldwide, Chairman Leonardo Ferragamo told Reuters on Wednesday. Rumours of a possible stake sale by the family, which holds a 64% stake in the luxury company (SFER.MI), have been recurring every now and then, but have always been denied. Ferragamo added he hoped the China market could soon return to normal. In the second quarter, the Italian luxury group saw a slight slowdown of its business in China due to COVID-19 restrictions, though overall group sales in the first half of the year were still better than expected. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Giancarlo Navach, writing by Gianluca Semeraro, editing by Cristina CarlevaroOur Standards: The Thomson Reuters Trust Principles.

☆ ‘I’ve always wanted to be a tree’: Human composting starts to catch on
▼ + stars: | 2022-09-27 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. He Can Be Reached At Evan.Bush Nbcuni.Com. | ) www.nbcnews.com time to read: +8 min

The bill took cues from Washington state, where lawmakers in 2019 became the first in the U.S. to legalize human composting and where a nascent industry is growing. Four Washington state funeral facilities are now licensed to perform natural organic reduction, according to Rob Goff, the executive director of the Washington State Funeral Directors Association. California’s law will give regulators with the state’s Cemetery and Funeral Bureau until 2027 to create regulations for a human composting program. The know-how behind human composting began in ranchers’ fields. Human composting could instead help soils sequester carbon and provide nutrients for plant life.

☆ Cops on Brazil's campaign trail call for backup as violence spikes
▼ + stars: | 2022-09-27 | by ( Gabriel Stargardter | ) www.reuters.com time to read: +10 min

They asked the top Federal Police officers in each state to reinforce Lula campaign events with bulletproof cars, tactical teams, drones and intelligence reports. Some of them have responded by stockpiling guns and lashing out at leftists during a tense campaign marred by high-profile cases of violence. Ten years of troubles have resulted in stark political polarization - embodied by Lula and Bolsonaro - that has become increasingly menacing on the campaign trail. BOLSONARO STRONGHOLDSThe Federal Police have also sought to open two other criminal probes over threats to Lula, according to the source. Lula has just 27% support in Santa Catarina, against 49% for Bolsonaro, according to the latest survey by pollster Ipec.

☆ Goldman Sachs: Newly-unredacted document alleges dozens of incidents of ‘sexual assault and harassment’ at firm, lawsuit says
▼ + stars: | 2022-09-24 | by ( Laura Ly | ) edition.cnn.com time to read: +3 min

CNN —A newly-unredacted document alleging an “uncorrected culture of sexual assault and harassment” at investment bank Goldman Sachs states that at least 75 incidents of alleged sexual assault and harassment were reported between 2000 and 2011. The document is part of an ongoing gender discrimination lawsuit against the investment bank that dates back to 2010. Richard Perry/The New York Times/ReduxThe lawsuit, originally filed on behalf of former Goldman Sachs employees Cristina Chen-Oster, Allison Gamba, Shanna Orlich, and Mary de Luis, became a class-action lawsuit in 2018. Goldman Sachs said in a statement Friday that the allegations do not “reflect reality” and that many of the claims are “two decades old and have been presented selectively, inaccurately and are incomplete. ““Discrimination, harassment and mistreatment in any form are unacceptable at Goldman Sachs, and when identified, swift action, including termination, is taken.

☆ Goldman Sachs: Newly-unredacted document alleges dozens of incidents of "sexual assault and harassment" at firm, lawsuit says
▼ + stars: | 2022-09-24 | by ( Laura Ly | ) edition.cnn.com time to read: +1 min

(CNN) A newly-unredacted document alleging an "uncorrected culture of sexual assault and harassment" at investment bank Goldman Sachs states that at least 75 incidents of alleged sexual assault and harassment were reported between 2000 and 2011. The document is part of an ongoing gender discrimination lawsuit against the investment bank that dates back to 2010. The lawsuit, originally filed on behalf of former Goldman Sachs employees Cristina Chen-Oster, Allison Gamba, Shanna Orlich, and Mary de Luis, became a class-action lawsuit in 2018. It now represents over 1,400 current and former female associates and vice-presidents at Goldman Sachs who say they encountered discrimination over pay, promotion, and reviews, according to a press release. At the time, a spokesman for Goldman Sachs called it a "a normal procedural step for any proposed class action lawsuit" that "does not change the case's lack of merit."

☆ Stellantis invests in Turin as part of switch to electric
▼ + stars: | 2022-09-20 | by ( Giulio Piovaccari | ) www.reuters.com time to read: +2 min

REUTERS/Massimo Pinca/File PhotoTURIN, Italy, Sept 20 (Reuters) - Stellantis (STLA.MI)signalled its commitment to the historic carmaking city of Turin on Tuesday with an investment to boost its role in electric vehicle production and as a centre for the recycling of cars and their parts. The Franco-Italian group signed an agreement with its partner Punch Powertrain to increase production of electrified dual-clutch transmissions (eDCT) for hybrid and plug-in hybrid electric vehicles at its Mirafiori plant in Turin, the carmaker said on Tuesday. Chief Executive Carlos Tavares said the company was investing upwards of 10 million euros in the gearbox upgrade, without giving a precise figure. Turin is the historic home of Fiat which merged with France's PSA last year to form Stellantis. At full production, the Mirafiori and Metz facilities together will supply all relevant Stellantis manufacturing sites in Europe.

☆ Stellantis invests in Italian plant as part of switch to electric
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +1 min

Register now for FREE unlimited access to Reuters.com RegisterWorkers install a flag with the logo of Stellantis, the world's fourth-largest automaker which starts trading in Milan and Paris after Fiat Chrysler and Peugeot maker PSA finalised their merger, at the main entrance of FCA Mirafiori plant in Turin, Italy, January 18, 2021. REUTERS/Massimo Pinca/File PhotoTURIN, Italy, Sept 20 (Reuters) - Stellantis (STLA.MI) signed an agreement with its partner Punch Powertrain to increase production in Italy of electrified dual-clutch transmissions (eDCT) for hybrid and plug-in hybrid electric vehicles, the carmaker said on Tuesday. The upgraded facility will be developed within Mirafiori, Stellantis' main plant in Turin, northern Italy, and it will complement the existing capacity of a plant in the French city of Metz, it added. The new Mirafiori e-Transmissions Assembly site is expected to start production in the second half of 2024. Register now for FREE unlimited access to Reuters.com RegisterAt full production, the Mirafiori and Metz facilities together will supply all relevant Stellantis manufacturing sites in Europe.

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