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☆ Alpine set out season goals and bring on Zidane
▼ + stars: | 2023-02-16 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

SummarySummary Companies Alpine launch new A523 car in LondonSet goal of defending fourth place and closing gap to top threePresent soccer great Zidane as brand ambassadorLONDON, Feb 16 (Reuters) - Renault-owned Alpine set out their goals for the Formula One season on Thursday before unveiling French soccer great Zinedine Zidane as a surprise signing. "I am very happy to be here today and happy to be part of the Alpine team," Zidane told the surprised audience in a former newspaper printing site in London's Docklands. "The gap to third was big and we've got to close that gap," said team principal Otmar Szafnauer. Ocon is in his fourth year at the team while Gasly has joined from Red Bull-owned AlphaTauri. The 23-race season starts at the Sakhir circuit on March 5, with pre-season testing there next week.

☆ Nicola Sturgeon Resigns as Scotland’s First Minister
▼ + stars: | 2023-02-15 | by ( James Hookway | ) www.wsj.com time to read: 1 min

Nicola Sturgeon said staying on as first minister might harm Scotland’s bid for independence from the rest of the U.K.EDINBURGH, Scotland—The leader of Scotland’s government and the head of its pro-independence Scottish National Party said on Wednesday she would resign, an unexpected move that follows a recent slump in support and controversy over an initiative to expand transgender rights. Nicola Sturgeon , who has led the Scottish Parliament for the past eight years, said she would have less energy for the job and that staying on might do more harm than good for the cause of independence from the rest of the U.K. Scotland’s Parliament has powers over local matters, including health and education, but not national ones, such as defense or diplomacy, which are reserved for the U.K. Parliament at Westminster.

☆ Analysis: Scotland's Sturgeon bows out at 'critical moment' for independence fight
▼ + stars: | 2023-02-15 | by ( Alistair Smout | ) www.reuters.com time to read: +5 min

While Sturgeon said she was "firmly of the view that there is now majority support for independence in Scotland", the polls suggest there is more work to do. In the aftermath of the court ruling, some polls showed a majority support for independence, but that has recently come down back towards 2014 levels. "If that stops being the case, then that really could knock them back, and really could damage the cause of Scottish independence." "The movement has been left with no clear strategy for independence," Salmond, who now leads the Alba party, said. "Voters see no clear successor to (Sturgeon) - it illustrates how dominant a figure she has been for so long," pollster Mark Diffley said.

Nicola Sturgeon announced her resignation as Scottish first minister in a surprise press conference in Edinburgh on Wednesday, saying her departure is not the result of short-term pressures. Sturgeon has been Scotland's longest-serving first minister, acting in the position and as leader of the Scottish National Party since 2014. In November, the U.K.'s highest court ruled that any second Scottish independence vote would have to be approved by the U.K. government. Stewart McDonald, a SNP member of parliament, said on Twitter, "Nicola Sturgeon is the finest public servant of the devolution age. She will be an enormous loss as First Minister and SNP leader."

☆ Scottish First Minister Sturgeon to resign - BBC
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: 1 min

LONDON, Feb 15 (Reuters) - Nicola Sturgeon is expected to resign as the first minister of Scotland later on Wednesday after eight years in the job, the BBC reported. Sturgeon became the leader of the ruling Scottish National Party (SNP) in the wake of its 2014 independence referendum when the country voted 55% to 45% to remain as part of the United Kingdom. She had recently become embroiled in a row over transgender policies after Scotland passed a Gender Recognition Reform Bill, making it easier for people to change their legal gender. The Scottish government declined to comment. Reporting by Kate Holton and Muvija M, Editing by Paul SandleOur Standards: The Thomson Reuters Trust Principles.

☆ Scotland's Sturgeon to quit, will remain until a successor has been found
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: 1 min

LONDON, Feb 15 (Reuters) - Nicola Sturgeon said on Wednesday she would resign as Scotland's first minister after eight years in the job. Sturgeon told a news conference in Edinburgh that she would remain leader of Scotland's devolved government until a successor is found. "This decision comes from a deeper and longer term assessment," she said, adding she had been wrestling with the decision for weeks. "Giving absolutely everything of yourself to this job is the only way to do it," Sturgeon said. Reporting by Muvija M and Sachin Ravikumar; editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

☆ Meta's chief business officer will leave the company after 13 years
▼ + stars: | 2023-02-13 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

Marne Levine, vice president of global partnerships and business development for Facebook Inc., speaks during the Fortune's Most Powerful Women Summit in Washington, D.C., U.S., on Wednesday, Oct. 23, 2019. Meta 's Chief Business Officer Marne Levine is stepping down after 13 years with the company, Meta announced in a release Monday. Levine previously served as vice president of global public policy at Facebook, chief operating officer at Instagram and vice president of global partnerships, business and corporate development at Facebook. Levine was named Facebook's chief business officer in the summer of 2021, a few months before it changed its name to Meta to indicate its focus on the yet-to-be-developed metaverse. "I'm grateful for our partnership, her commitment to Meta, and the energy she brought to the company every day."

☆ Meta's chief business officer is leaving after 13 years amid the company ramping up its focus on 'efficiency'
▼ + stars: | 2023-02-13 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Meta's chief business officer Marne Levine is leaving the company, according to a post on Meta's site. Levine has also been known as a longtime confidant of Sheryl Sandberg, who stepped down from her role as Meta's chief operating officer in 2022. Levine's role will be split between her successor, Nicola Mendelsohn and Justin Osofsky, according to Meta's post. Both Mendelsohn and Osofsky have also held executive roles at the company for years and will report to Meta's Chief Operating Officer Javier Olivan in their new titles, the post noted. In a call after the earnings were released, Zuckerberg noted that the company was "removing some layers of middle management."

☆ Meta business chief to depart
▼ + stars: | 2023-02-13 | by ( ) www.reuters.com time to read: +1 min

Feb 13 (Reuters) - Meta Platforms (META.O) said on Monday Chief Business Officer Marne Levine was leaving the owner of Facebook after a 13-year stint. Fifty-two-year-old Levine, appointed as the company's first chief business officer in 2021, has served in various other executive positions at the social media company, including chief operating officer of Instagram. The company said it expanded Nicola Mendelsohn's role as head of global business group and named Justin Osofsky as head of online sales, operations and partnerships, in the wake of Levine's imminent departure. The changes come at a time when Meta has promised to cut costs by $5 billion in the year to a range of $89 billion to $95 billion, calling 2023 the "Year of Efficiency". Reporting by Chavi Mehta in Bengaluru; Editing by Krishna Chandra Eluri and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

☆ Meet the family of billionaire Nelson Peltz: From Brooklyn Peltz Beckham's wife to a former pro-hockey player, here's everything we know about his 10 kids
▼ + stars: | 2023-02-09 | by ( Jordan Hart | Britney Nguyen | Aaron Mok | ) www.businessinsider.com time to read: +2 min

Nelson PeltzNelson Peltz's eight children have gone on to star in films, pursue careers in business, and play ice hockey. Heidi Gutman/CNBC via Getty ImagesBefore 80-year-old Nelson Peltz amassed his $1.4 billion net worth or family of 10 children, he was a college dropout working for his family business. Peltz is now married to the former model Claudia Heffner Peltz, who has mostly kept out of the limelight during marriage. Recently, Peltz made headlines for suing the planners of his daughter Nicola's 2022 wedding to Brooklyn Beckham, Insider's Claire Atkinson reported. Insider did not receive responses to requests for comment from Nelson Peltz's company, Trian Fund Management, Brad Peltz, and a representative for Will Peltz and Nicola Peltz Beckham.

☆ Meta’s Nicola Mendelsohn on the 'Working with Cancer' initiative
▼ + stars: | 2023-02-06 | by ( Tania Bryer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMeta’s Nicola Mendelsohn on the 'Working with Cancer' initiativeMarking World Cancer Day 2023, the Publicis Foundation has launched a cross-industry coalition to erase the stigma of cancer in the workplace. Meta was one of the founding partners and CNBC’s Tania Bryer caught up with Vice President, Global Business Group at Meta, Nicola Mendelsohn, to talk about the ‘Working with Cancer’ pledge, her own diagnosis and founding the Follicular Lymphoma Foundation.

☆ Big Tech earnings show digital ads market not out of the woods
▼ + stars: | 2023-02-03 | by ( Sheila Dang | ) www.reuters.com time to read: +2 min

[1/2] A 3D printed Facebook's new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. Google-owner Alphabet Inc (GOOGL.O) on Thursday reported a slight fall in quarterly ad revenue, missing Wall Street expectations and surprising investors as the world's largest digital ad platform has traditionally been resilient compared to smaller rivals. Meta Platforms Inc (META.O), the second-largest digital ad platform, lifted Wall Street on Wednesday with its cost cuts and big share buyback, though it posted its third consecutive quarter of year-over-year revenue decline. Lower ad spending from brands in the financial services and technology sector was one reason for the revenue decline, the company said. Reporting by Sheila Dang in Dallas; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ Analysis: From Meta to Microsoft, AI's big moment is here
▼ + stars: | 2023-02-03 | by ( Jeffrey Dastin | ) www.reuters.com time to read: +5 min

[1/2] A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson/File PhotoFeb 3 (Reuters) - Big Tech companies have a new obsession: artificial intelligence. Executives from Microsoft Corp (MSFT.O) and Alphabet Inc (GOOGL.O), behind the latest big rivalry in tech, took their battle to the conference-call front lines. We can bring those to life using generative (AI) art, which I think is really exciting," he said. "One of my goals for Meta is to build on our research to become a leader in generative AI," said Zuckerberg.

☆ A night with Wall Street's stars: Take a look at Insider's celebration of top investors, dealmakers, and traders
▼ + stars: | 2023-02-01 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +4 min

Hello 10 Things on Wall Street readers! As you might know, for the last few years Insider has been highlighting some of the most talented young people on Wall Street. Take a look at all the photos from Insider's celebration of Wall Street's rising stars here. A decade after the private-equity giant helped launch Athene Holdings, more private money managers are moving into insurance as they hunt for higher yields, the Wall Street Journal reports. Adam Berry, head of US loan trading is leaving Wall Street to join the Philadelphia Eagles, according to Bloomberg.

☆ Activist investor Nelson Peltz is suing Florida party planners who worked on his daughter Nicola's wedding to Brooklyn Beckham, claiming he was 'hoodwinked'
▼ + stars: | 2023-01-31 | by ( Claire Atkinson | ) www.businessinsider.com time to read: +5 min

Nelson Peltz is suing Plan Design Events, a Florida company that worked on his daughter's 2022 wedding to Brooklyn Beckham. Planners are accused of botching the RSVP list for three days of events celebrating Nicola Peltz and Beckham. Activist investor Nelson Peltz is suing event planners who helped work on his daughter Nicola's splashy wedding to Brooklyn Beckham last spring, according to a December court filing. The documents state the billionaire wants his deposit back from their company, Plan Design Events. "Peltz is Hoodwinked by the Party Planners," Peltz lawyers wrote in the filing, which references Plan Design as PDE.

☆ FDA doesn't see increased risk of stroke for seniors who received Pfizer's omicron booster
▼ + stars: | 2023-01-26 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

The CDC's Vaccine Safety Datalink, which monitors serious reactions to vaccines, showed a possible risk of stroke in late November. The FDA launched an extensive review of federal data after investigators at the Centers for Disease Control and Prevention detected a possible risk of stroke for seniors who received Pfizer's booster. The Food and Drug Administration hasn't found an increased risk of stroke for seniors who've received Pfizer's omicron booster shot, a federal health official said Thursday. The FDA reviewed CMS data from 4.25 million seniors who received Pfizer's omicron booster and did not identify any increased stroke risk. The Department of Veterans Affairs has also conducted preliminary review of its database and did not identify an increased stroke risk, Forshee said.

☆ Davos 2023: Big oil comes in from the cold on energy transition
▼ + stars: | 2023-01-20 | by ( Maha El Dahan | ) www.reuters.com time to read: +6 min

CHINA OUT./File Photo/File PhotoSummarySummary Companies Energy transition front and centre at Davos meetingEurope energy crisis forces moment of reckoningClimate activists sceptical of oil industry inclusionDAVOS, Switzerland, Jan 20 (Reuters) - A different type of energy transition has taken place at this year's World Economic Forum (WEF) meeting. Unlike 2021's COP26 climate conference in Glasgow, where oil and gas executives were personae non gratae, fossil fuel chiefs and renewable energy bosses sat cheek by jowl in Davos. Thunberg's was not the only voice at Davos with strong objections to the industry's new mantra that the energy crisis justifies new oil investments. Like Birol, British opposition leader Keir Starmer said the oil and gas sector has a role to play in the energy transition. Jaber, who is the founding CEO of Abu Dhabi’s renewable energy firm Masdar and has overseen the UAE's mandate to adopt renewables is not without green credentials.

☆ Nicola Mendelsohn talks about Meta's prospects in 2023
▼ + stars: | 2023-01-19 | 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 EmailNicola Mendelsohn talks about Meta's prospects in 2023CNBC's Tania Bryer sits down with Vice President, Global Business Group at Meta, Nicola Mendelsohn, to talk about the metaverse, the global economy, future of work and what else is ahead for Meta in 2023.

☆ Meta didn't sit around twiddling thumbs after Apple privacy changes, VP says
▼ + stars: | 2023-01-19 | 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 EmailMeta didn't sit around twiddling thumbs after Apple privacy changes, VP saysNicola Mendelsohn, vice president of Meta's global business group, discusses bleak outlook for technology, the impact of Apple's curbs on advertiser tracking on its business, and the company's appeal of a $400 billion fine from the Irish data privacy watchdog.

☆ U.K. government to veto Scotland’s gender self-recognition law
▼ + stars: | 2023-01-17 | by ( Associated Press | ) www.nbcnews.com time to read: +3 min

The Scottish government is likely to challenge the decision at the U.K. Supreme Court. Scottish First Minister Nicola Sturgeon called the decision by Prime Minister Rishi Sunak’s Conservative government “a full-frontal attack” on the Scottish parliament, which approved the bill last month. “The Scottish Government will defend the legislation and stand up for Scotland’s Parliament,” she said on Twitter. This is the first time a U.K. government has blocked a Scottish law since the Scottish government and parliament were established a quarter century ago. The move will provide fodder for nationalists who want Scotland to break away from the U.K. and become an independent country.

Nudged by private equity funds, those supplying the booming luxury goods industry are now finding strength in unity. Largely family-owned and small in size, these businesses often struggle to meet the changing needs of the luxury brands they work for. "Luxury brands have been growing exponentially: our customers needed us to grow with them," said Nicola Giuntini, whose Tuscany-based company makes luxury coats and jackets for brands including Celine, Burberry (BRBY.L) and Stella McCartney. PRODUCTION NICHESItaly's manufacturing sector has also been a hunting ground for big luxury brands keen to secure their supply chain. Italian private equity firm XENON International, for example, has bet on producers of materials and finishes for luxury items which it has grouped together in MinervaHub.

Summary UK uses power to block Scottish bill for the first timeSturgeon: decision is an attack on devolved powersUnclear how issue may impact support for independenceLONDON, Jan 16 (Reuters) - The British government will block a bill passed by the Scottish parliament that makes it easier for people to change their legal gender, its Scottish Secretary Alister Jack said on Monday, the first time it has invoked the power to veto a Scottish law. The move sparked a fresh argument with the devolved Scottish government, which has also been thwarted in its attempts to hold a new independence referendum. Scottish First Minister Nicola Sturgeon, in charge of the devolved nationalist government, said she would defend the legislation and "stand up for Scotland's parliament." "This is a full-frontal attack on our democratically elected Scottish Parliament and its ability to make its own decisions on devolved matters," Sturgeon, who leads the Scottish National Party's (SNP), said on Twitter. But it is unclear whether the move by Britain to overrule Scotland's gender bill will fuel appetite for independence, as the SNP's own leadership is divided on the issue.

☆ UK's Sunak preparing to block Scottish gender reform bill -The Times
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +2 min

[1/2] British Prime Minister Rishi Sunak leaves after his visit to Port of Cromarty Firth at Invergordon, Scotland January 13, 2023. REUTERS/Russell Cheyne/PoolJan 13 (Reuters) - British Prime Minister Rishi Sunak is poised to block Scottish laws that make it easier for people to change their gender, The Times reported on Friday. British Prime Minister's office did not immediately respond to a Reuters request for comment. Scotland has always been clear the bill does not impact the Equality Act, a Scottish Government spokesperson said in an emailed statement to Reuters. The British National government had further said that it would examine the bill and could look at blocking it if necessary.

☆ Italy's Meloni renews criticism of euro zone bailout fund
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +2 min

ROME, Jan 12 (Reuters) - Italy's Prime Minister Giorgia Meloni on Thursday renewed her criticism of the euro zone bailout fund, a 500-billion-euro ($541.55 billion) facility held back by Rome's reluctance to ratify its recently-adopted reform. The ESM was created in 2012, replacing a temporary fund established in 2010, at the height of the euro zone's sovereign debt crisis. The ESM can offer a lifeline to euro zone governments cut off from markets, or lend to recapitalise banks and provide precautionary credit. The fund was reformed with a 2021 treaty that needs to be ratified by all members of the euro zone before it can enter into force, and Italy is the only country that is dragging its feet over the issue. New ESM tasks under the reformed treaty include providing a backstop to the Single Resolution Fund, which is responsible for dealing with failing banks in the context of the Banking Union.

☆ Edison CEO denies EDF planning to sell Italian company - paper
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +1 min

MILAN, Jan 5 (Reuters) - Edison's (EDNn.MI) chief executive said on Thursday that rumours French power group EDF (EDF.PA) plans to sell its Italian arm are "groundless". There is not an Edison dossier at the moment", Nicola Monti was quoted as saying in an interview with Italian daily La Stampa. EDF denied an Italian media report last August that it was considering a sale of its Italian unit. Energy analysts have said a sale of Edison could help EDF reduce its debt and press ahead with an ambitious investment plan. Italian media reported in August that EDF planned to kick off a sale process for Edison in the first quarter of this year once the nationalisation process had been completed.

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