Reported 5 months ago
Banijay Rights has hired Claire Douglas from Passion Distribution as the new Communications Manager, while Andrew Dickens has been promoted to SVP of Communications and Marketing. This move follows the departure of long-serving marketing boss Steve Quirke and includes other promotions within the marketing and comms team. Banijay Rights holds a vast catalog of around 185,000 hours of content, including popular shows like Big Brother, Survivor, and MasterChef, among others. The changes come amidst the rebranding of Banijay's parent company to Banijay Group.
Source: YAHOO
Reported 5 months ago
A missile suspected to be launched by Yemen's Houthi rebels landed in the Red Sea without causing damage to a passing commercial vessel near the Bab el-Mandeb Strait. The rebels have been carrying out attacks in the region demanding an end to the war in Gaza. The Houthis have previously conducted over 50 attacks on shipping in the area, impacting maritime traffic. Despite a recent decrease in attacks, the threat remains, with the rebels also claiming to have shot down U.S. surveillance drones.
Source: YAHOO
Reported 5 months ago
TSMC, a Taiwanese chipmaker, is expecting a 10% growth in the global semiconductor industry, excluding memory chips, driven by AI technologies. The company's senior vice-president highlighted the new opportunities presented by AI, with TSMC estimating a potential 30% rise in second-quarter sales due to increased demand for semiconductors in AI applications. This growth outlook aligns with the World Semiconductor Trade Statistics forecast of a 13.1% increase in the global semiconductor market for 2024.
Source: YAHOO
Reported 5 months ago
The U.S. House of Representatives has passed the Financial Innovation and Technology for the 21st Century Act (FIT21) to regulate the cryptocurrency market, with 279 members endorsing the bill and 136 opposing it. The legislation is now headed to the Senate and aims to establish a new regulatory framework for digital assets, including oversight by the Commodity Futures Trading Commission (CFTC) and guidelines for trading digital commodities. Despite criticism from the White House, the bill signifies a potential shift in Congress's stance on cryptocurrencies and their impact on finance, although it faces opposition from SEC Chair Gary Gensler and concerns from House Financial Services Committee Ranking Democrat Maxine Waters about regulatory effectiveness.
Source: YAHOO
Reported 5 months ago
Ahold Delhaize is aiming to increase earnings and savings through AI and digital initiatives over the 2025-2028 period by automating back-end operations and driving customers to digital apps. The supermarket group plans to grow underlying earnings per share at a high single-digit rate, maintain a 4% operating margin until 2028, achieve 5 billion euros in savings through AI and automation, increase monthly active app users to 30 million by 2028, boost own-brand product sales to 45% of total sales, and generate around 3 billion euros from additional income streams by 2028.
Source: YAHOO
Reported 5 months ago
The article discusses a growth stock identified by Motley Fool contributor Parkev Tatevosian as being undervalued and potentially offering significant returns for long-term investors. Despite the stock being down 81%, Tatevosian suggests it is a strong buy opportunity. However, it is noted that DocuSign was not among the top 10 stock picks recommended by The Motley Fool's Stock Advisor analyst team. Tatevosian, who has no position in the mentioned stocks, discloses his affiliation with The Motley Fool and potential compensation for promoting its services.
Source: YAHOO
Reported 5 months ago
German private-sector activity in May 2024 rose to a one-year high with S&P Global's purchasing managers' index for the country hitting 52.2, exceeding analyst predictions and staying above the growth threshold of 50 for a second consecutive month. While services led the growth, the manufacturing sector, although still in contraction, showed signs of improvement. In contrast, France experienced a decrease in its composite gauge, falling below 50, dragged down by services. The euro zone's top economies performed better than expected in Q1 2024, potentially lifting the bloc out of the recession experienced in the previous year, with analysts anticipating an interest rate reduction by the European Central Bank to support recovery later in the year.
Source: YAHOO
Reported 5 months ago
Alibaba Group Holding Ltd. is considering a $4.5 billion convertible bond sale, following a $1.75 billion offering by JD.com Inc. The proceeds will fund stock buybacks, core businesses like e-commerce and cloud services, and investments in artificial intelligence. The offering includes a greenshoe option to increase the deal size by $500 million, with plans to repurchase some US-listed American depositary shares and "capped call transactions" to reduce dilution. The bonds have a 0.25% to 0.75% annual coupon, mature in seven years, and are non-callable for the first five years. Citigroup Inc., JPMorgan Chase & Co., Morgan Stanley, Barclays Plc, and HSBC Holdings Plc are assisting with the deal.
Source: YAHOO
Reported 5 months ago
The article reports that thousands in Bougainville, Papua New Guinea, have filed a class action lawsuit against Rio Tinto and its former unit over historical mismanagement of the Panguna copper mine, which led to a civil war in 1989. The villagers seek compensation potentially amounting to billions of dollars for the damage caused. Rio Tinto confirmed the legal action and stated they are reviewing the claim. The litigation is funded by Panguna Mine Action LLC, with the aim to address the impacts of the mine's operations on the communities. Bougainvilleans are looking to reopen the mine to finance the region's independence, pending ratification by the government of Papua New Guinea.
Source: YAHOO
Reported 5 months ago
At a meeting of finance officials from the Group of Seven rich democracies in Stresa, Italy, discussions are centered around how to utilize the frozen Russian central bank reserves to support Ukraine's war effort. While Ukraine and its allies are pushing for the confiscation of $260 billion in Russian assets, European officials are hesitant due to legal and financial stability concerns. Suggestions include converting the interest from these assets into upfront cash to provide immediate support to Ukraine, with U.S. Treasury Secretary Janet Yellen mentioning a potential $50 billion. The aim is to secure Ukraine's financial position amidst the ongoing conflict, as the country heavily relies on international aid to sustain its military and public services. Additionally, the meeting will address China's state-backed production of green energy technology and discuss humanitarian aid for Gaza.
Source: YAHOO
Reported 5 months ago
The article provides daily work horoscopes for each zodiac sign on May 23, 2024. It advises Aries to maintain emotional distance, Taurus to enjoy popularity at work, Gemini to prioritize productivity, Cancer to impress peers with energy, Leo to trust instincts, Virgo to seek valuable advice, Libra to resolve job-related feelings, Scorpio to focus on ideas, Sagittarius to reconcile philosophy and career, Capricorn to view social obligations as networking opportunities, Aquarius to separate feelings from tasks, and Pisces to navigate through ambiguity in accolades.
Source: YAHOO
Reported 5 months ago
A middle school student in Texas was caught on video throwing a teacher against a wall during a classroom brawl that went viral. The incident occurred recently and has sparked outrage and concern regarding student behavior in schools.
Source: YAHOO
Reported 5 months ago
The insider trading case against hedge fund Segantii Capital Management Ltd. and its founder Simon Sadler is being transferred to a higher Hong Kong court that can impose longer sentences for convictions, moving from the Magistrates' Court to the District Court, which can sentence up to seven years in prison compared to two to three years. The case involves insider dealing charges related to a 2017 block trade, with Sadler and another trader facing allegations. Prosecutors did not opt for the High Court, which can give even longer sentences, choosing the District Court instead. Segantii, a major hedge fund firm in Asia, intends to vigorously defend itself against the charges.
Source: YAHOO
Reported 5 months ago
European Central Bank Vice President Luis de Guindos stated in an interview with Oberösterreichische Nachrichten that a quarter-point interest rate cut in June appears reasonable and a prudent approach, emphasizing the uncertainty in economic data and the need to monitor inflation, wages, productivity, and geopolitical risks. Guindos noted that rate hikes are not part of their base scenario, and decisions will depend on economic developments towards price stability.
Source: YAHOO
Reported 5 months ago
BHP Group's shareholders believe that a $49 billion takeover of Anglo American Plc is within reach as talks commence, with Anglo American rejecting a third approach but agreeing to negotiations and granting an extension for a binding bid. BHP sweetened its all-share proposal, but the key sticking point remains the complexity of the deal, particularly the requirement for Anglo to spin off its South African iron ore and platinum businesses before being acquired. Investors are cautiously optimistic about the deal's likelihood of success, although some express concerns about the size and potential complications of the transaction.
Source: YAHOO
Reported 5 months ago
Rolls-Royce has been selected to provide technology for the new version of the US military aircraft known as the "Doomsday plane," part of the Survivable Airborne Operations Center (SAOC) project. This project aims to develop a successor to the current E-4B planes, which are capable of serving as a mobile command center during national emergencies and surviving nuclear blasts. Rolls-Royce's involvement will focus on the plane's propulsion systems, as part of a $13 billion contract awarded to Sierra Nevada Corporation for the Doomsday plane's development. The new aircraft, to be delivered in 2036, will replace the aging Boeing 747-200 jumbos currently in service.
Source: YAHOO
Reported 5 months ago
The New York Rangers suffered a 3-0 shutout loss to the Florida Panthers in Game 1 of the NHL playoffs, marking their first series trail this postseason. The Rangers' frustration was compounded by an own goal scored by Alexis Lafreniere against his own goalie, Igor Shesterkin. Despite the Rangers' strong start in the playoffs, the Panthers dominated defensively, forcing turnovers and limiting shots on goal, ultimately securing the win with Sergei Bobrovsky's 23-save shutout performance.
Source: YAHOO
Reported 5 months ago
Jewell Loyd scored 32 points as Seattle Storm narrowly defeated Indiana Fever 85-83 in a WNBA game in front of a sellout crowd of 18,000. Loyd, along with Sami Whitcomb, who scored 10 points in the fourth quarter, helped secure the Storm's victory. Despite a strong performance from Caitlin Clark with 21 points for the Fever, they were unable to secure their first win of the season. Nneka Ogwumike added 22 points for Seattle, who managed to hold off Indiana's late rally. This game marked the largest attendance for a basketball game in Seattle.
Source: YAHOO
Reported 5 months ago
The article discusses how the Phillies' offense consistently performs well whenever Taijuan Walker starts for the team, with the lineup producing four or more runs in 77.8% of his starts. Despite not getting the win in the recent game due to failing to pitch the requisite five innings, Walker aims to improve his performance and appreciates having a strong offensive team behind him. The Phillies are currently off to their best start in franchise history, with a remarkable winning streak, but there are concerns about Walker's high earned run average and the need for him to elevate his game as the season progresses.
Source: YAHOO
Reported 5 months ago
Luka Dončić and Kyrie Irving demonstrated their big-game experience as the Dallas Mavericks defeated the Minnesota Timberwolves in Game 1 of the Western Conference finals. Dončić scored 33 points, with 15 in the fourth quarter, while Irving contributed 30 points. Their ability to work together and make key plays on both ends of the court showcased the Mavericks' potential in the series. Despite being labeled underdogs by coach Jason Kidd, their performance indicates a strong desire to seize the opportunity and advance further in the playoffs.
Source: YAHOO
Reported 5 months ago
The article discusses a yoga class in Spencer, Massachusetts, where participants interact with piglets, rabbits, and a goat named Munchie, adding a fun twist to traditional yoga exercises. The piglet yoga classes, taught by Ashley Bousquet at Beyond Yoga & Wellness, have become popular, with registrations selling out quickly. Participants enjoy the playful and cute nature of the animals, finding joy and relaxation in the unique experience. Practicing yoga with animals, like shelter animals, can have positive effects on both the animals and the participants, potentially even leading to adoptions.
Source: YAHOO
Reported 5 months ago
KKR & Co. has secured a A$200 million private credit loan for MYOB Ltd., an Australian accounting software firm acquired by the private equity firm in 2019. The loan includes a payment-in-kind element for interest capitalization and carries a margin of 525 basis points over the Australian benchmark rate. This deal is part of the growing global private credit market, offering higher returns compared to mainstream lending. The loan will be used to repay junior debt and fund an earnout arrangement related to MYOB's acquisition of Flare in 2022. KKR declined to comment on the matter.
Source: YAHOO
Reported 5 months ago
Travelers faced large crowds and flight delays on the busiest day of the 2024 Memorial Day weekend, with over 6,000 U.S. flights delayed and about 200 canceled by early evening on the East Coast. Highways also experienced delays, with a prediction of nearly 3 million people passing through airport checkpoints on Friday. Despite concerns about the economy, Americans were still eager to travel for the holiday weekend, with 43.8 million people expected to travel at least 50 miles from home between Thursday and Monday.
Source: YAHOO
Reported 5 months ago
The Los Angeles Dodgers lost to the Arizona Diamondbacks 6-0 in a game reminiscent of their past struggles against the Diamondbacks, with leadoff man Corbin Carroll and slugger Christian Walker leading the offensive charge for Arizona. Dodgers ace Tyler Glasnow suffered his second straight loss as the Diamondbacks won two out of three games in the series. Despite key players being hurt and underachieving, the Diamondbacks showed their potential to challenge the Dodgers. The Dodgers struggled to capitalize on scoring opportunities, going hitless in eight at-bats with runners in scoring position.
Source: YAHOO
Reported 5 months ago
ASML and Eindhoven University of Technology have agreed to invest €180 million ($195 million) in semiconductor research over the next decade. ASML is allocating €80 million towards this collaboration, aiming to address workforce and infrastructure challenges in the Netherlands. The university plans to spend €100 million on building and operating an advanced cleanroom facility for research in fields like plasma physics and AI, with the goal of training experts and solidifying Eindhoven's importance in the semiconductor industry.
Source: YAHOO