Friday, November 14

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UniCredit’s Orcel could still sweeten his bid and take on a double M&A offensive
Business

UniCredit’s Orcel could still sweeten his bid and take on a double M&A offensive

Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty ImagesDivided between two takeover courtships, UniCredit's Andrea Orcel still has room to sweeten his bid for Italy's Banco BPM, analysts say, while political turmoil stalls a deal with Germany's Commerzbank. Once a key architect in the controversial 2007 takeover and later break-up of Dutch bank ABN Amro, Orcel revisited his ambitions for cross-border consolidation with the September announcement of a surprise stake build in Commerzbank. Until recently, the latter had been the subject of speculation as a potential merger partner for Germany's largest lender, Deutsche Bank.Amid resistance from the German government — and turbulence in Chancellor Olaf Scholz's ruling ...
South Korea’s President Yoon must be suspended, ruling party leader says
World News

South Korea’s President Yoon must be suspended, ruling party leader says

By Hyunsu Yim and Ju-min Park, Reuters A television screen shows South Korea's President Yoon Suk Yeol announcing the lifting of martial law, in Seoul, South Korea on December 4, 2024, hours after Yoon imposed it. Photo: YONHAP / AFP South Korea's ruling party leader says President Yoon Suk Yeol needs to be removed from power for trying to impose martial law, as the government denied reports that it was preparing to issue another martial law declaration. Yoon shocked the nation and his own ruling People Power Party on Tuesday when he gave the military sweeping emergency powers in order to root out what he called "anti-state forces" and overcome obstructionist political opponents. He rescinded the declaration about six hours later after parliament, including some members of his party,...
LSU star Flau’jae Johnson signs equity deal with Unrivaled basketball league
Business

LSU star Flau’jae Johnson signs equity deal with Unrivaled basketball league

BATON ROUGE, LOUISIANA - NOVEMBER 9: Flau'jae Johnson #4 of the LSU Tigers in action during a game against the Northwestern State Demons at the Pete Maravich Assembly Center on November 9, 2024 in Baton Rouge, Louisiana. (Photo by Kristen Young/LSU/Getty Images)Reagan Cotton/lsu | University Images | Getty ImagesFlau'jae Johnson has a lot going on at the moment.The 21-year-old star basketball player, rapper, student and aspiring businesswoman has just inked her latest deal with the new women's 3-on-3 basketball league Unrivaled.Terms of the deal were not disclosed, but Johnson will receive an equity stake in the league."I wanted to be involved in something that is pushing the women's game forward," Johnson told CNBC.Unrivaled, which kicks off its inaugural season in January, looks to offer...
Bianca Jones remembered for ‘profound impact’ at funeral service after death from Laos methanol poisoning
World News

Bianca Jones remembered for ‘profound impact’ at funeral service after death from Laos methanol poisoning

Bianca Jones died after falling ill in the tourist town of Vang Vieng in Laos in November. Photo: ABC / Con Chronis Melbourne teen Bianca Jones has been farewelled by family and friends at a funeral at her old school after her death from methanol poisoning during a holiday in Asia. Jones and her friend Holly Bowles, both 19, were staying in the tourist town of Vang Vieng in Laos when they fell ill in November. They were both transferred to hospitals in Thailand, where they later died surrounded by their families. Bianca Jones, left, and Holly Bowles. Photo: ABC/Supplied On Friday, Mentone Girls' Grammar principal Natalie Charles read out a statement from the Jones family, thanking the public for their support and compassion during what had been an extremely difficult time. "Your k...
Court rejects Boeing plea deal in 737 Max crashes, citing DEI concerns
Business

Court rejects Boeing plea deal in 737 Max crashes, citing DEI concerns

Nadia Milleron, whose daughter Samya Stumo was killed in the crash of Ethiopian Airlines Flight 302, holds a sign with photos of the crash victims during a Senate Commerce, Science and Transportation Committee hearing on aviation safety and the future of the Boeing 737 Max aircraft, in the Hart Building in Washington, D.C., Oct. 29, 2019.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesA federal judge on Thursday rejected Boeing's plea deal tied to a criminal fraud charge stemming from fatal crashes of the manufacturer's 737 Max aircraft.U.S. District Judge Reed O'Connor of the U.S. District Court for the Northern District of Texas expressed concern in his decision that the selection process for a government-appointed monitor, a condition of the plea deal, would be affected by diversity, eq...
Muhammad was most popular boys’ baby name in England and Wales in 2023
World News

Muhammad was most popular boys’ baby name in England and Wales in 2023

Photo: 123RF Muhammad was the most popular name given to baby boys in England and Wales in 2023, ousting Noah to take the top spot, official figures showed. Muhammad had been among the 10 most popular names since 2016 and had been in second place in 2022, according to the annual list produced by the Office for National Statistics. Oliver replaced George as the third most popular. For baby girls, the top three most popular names in 2023 - Olivia, Amelia and Isla - were unchanged from the previous year. The ONS said that the world of celebrity appeared to have influenced the increased popularity of some names, citing babies named Reign and Saint after those from the Kardashian-Jenner family and a rise in those sharing the names of pop musicians such as Billie Eilish. However, it said names...
Want to beat heart disease, cancer? New research claims eating 5 mushrooms helps
Health

Want to beat heart disease, cancer? New research claims eating 5 mushrooms helps

Low in calories and packed with essential vitamins and minerals, mushrooms make for an excellent addition to your diet and according to new research, eating just five small mushrooms a day could help combat a range of diseases, including heart disease, cancer and dementia.  This is due to two key antioxidants — ergothioneine and glutathione. These substances play a significant role in neutralising damaging `free radicals`, which are implicated in a variety of severe diseases, according to researchers. “What we found is that, without a doubt, mushrooms are highest dietary source of these two antioxidants taken together, and that some types are really packed with both of them,” said Robert Beelman, director at the Penn State Centre for Plant and Mushroom Products for Health in the US. Por...
Goldman says these lagging stocks will turn around in 2025
Business

Goldman says these lagging stocks will turn around in 2025

Several stocks that have underperformed in 2024 may be poised for substantial gains in coming months, according to Goldman Sachs. The last trading month of 2024 has been off to a solid start, adding to the year-to-date gains across all three major stock market averages. On Wednesday, the S & P 500 and the Nasdaq Composite reached new closing records and the Dow Jones Industrial Average closed above 45,000 for the first time. Yet some stocks that have lagged this year could outperform in the first quarter of 2025, the investment bank said. Since Goldman began tracking data surrounding the "laggards" trade in 2002, the trend has been proven correct in 13 years. "Looking towards laggards of 2024, the YTD index-relative performance of this group (-39%) is similar to 2023 but worse than the...
Melbourne synagogue fire condemned by Australian PM as ‘act of hate’
World News

Melbourne synagogue fire condemned by Australian PM as ‘act of hate’

Photo: RNZ / Angus Dreaver Australian Prime Minister Anthony Albanese has denounced a suspicious blaze that tore through a Melbourne synagogue as a violent act of antisemitism aimed at creating fear in the community. Fire crews were called to the Adass Israel synagogue at Ripponlea in Melbourne's south-east shortly after 4am and found a large fire burning through the building. Early-morning worshippers inside the synagogue reported seeing two masked men throw fuel inside the premises, before setting it alight. "There was some banging on a door with some liquid thrown inside and was lit alight, the few people inside the synagogue ran outside the back door, one of them got burnt," Adass Israel Synagogue board member Benjamin Klein said. "The whole place took alight pretty quickly." He beli...
David Beckham: will he finally get a knighthood?
Life Style

David Beckham: will he finally get a knighthood?

What to give the man who seems to have everything for Christmas? Well, there is one thing which has thus far evaded David Beckham, despite being on his list year after year. It is of course, a spot on the New Year’s Honours list — or, more specifically, a knighthood. By now, it has become something of a national running joke that the 49-year-old former England captain has had a years-long campaign for his place amongst the knights of the realm. Brand Beckham has long been a hyper-public supporter of the monarchy, turning up to a host of royal events and famously queuing for 13 hours to pay his respects after the Queen’s death in 2022. And then, in 2013, a series of expletive-filled emails from Beckham were leaked, which slammed the Honours Committee which rejected him, as a bunch of "unapp...