Hints and tips:
...In the Philippines, initial estimates show that local rice production may fall by about 1.8 per cent and yellow corn by 1 per cent in 2023....
...Larry Summers calls it “bizarre and inept”, Jason Furman says it’s “absurd”, Mark Zandi argues it’s “off base”, Mohamed El-Erian calls it “a strange move” while Janet Yellen says it was “arbitrary and based...
...“We are confident this is just the beginning,” said Hikmat El-Hammouri of the German union Verdi....
...Jean-Michel Basquiat’s “El Gran Espectaculo (The Nile)” (1983), sold by the fashion designer Valentino Garavani partly to benefit the brand’s staff training facilities, went for $58mn ($67.1mn with fees,...
...“And I don’t think that they should pay less than El Salvador, right, which is a poor country.”...
...Warner wrote off $1bn in restructuring costs in the second quarter and expects to report between $1.3bn and $1.6bn in charges in the third quarter....
...“I don’t think that they should pay less than El Salvador.” Under the terms of an emergency agreement, Paxlovid qualifies for reimbursement through the end of March....
...Five more stories in the news 1....
...Warner disclosed it had gained 1.7mn streaming subscribers in the three months to June, a pace of growth that fell short of analysts’ expectations....
...Yamana is focused on the Americas, with large sites at Malartic in Quebec and El Peñón in Chile....
...Email me: harriet.agnew@ft.com Why young investors aren’t ready to give up on risk With $1,000 in savings and two US government stimulus checks, Chris Zettler began investing in 2020....
...Items include French furniture, Limoges enamels and antique jewels, with estimates that range from €1,000 to €1mn....
...The picture that inspired Scott’s post-Katrina rethink also hangs in Walmart’s emergency operations centre, the windowless bunker from which Walmart co-ordinated its response to a shooting in El Paso, riots...
...The Internet of (Five) Things 1....
...In 2019, Yamana generated net income of $225.6m on revenue of $1.6bn at an average gold price of $1,392 an ounce. Its biggest mines are Canadian Malartic in Quebec and El Peñón in Chile....
...In the four weeks to October 3, sales of plant-based meat alternatives fell 1.8 per cent compared to the year before, taking declines for 2021 to 0.6 per cent, according to US retail data group SPINS....
...The El Segundo, California-based company is due to report third-quarter earnings a day earlier, after the bell....
...Brands’ desire “to be top of mind has resulted in complete fragmentation and lack of scale in the value chain”, said Bahige El Rayes, a partner at the firm in London....
...Around Europe The EU exported 34m doses of Covid-19 vaccines between February 1 and March 9, including 9m to the UK and almost 4m to Canada, according to figures shown to EU ambassadors on Wednesday....
...There would be tragic news out of Afghanistan on the front page one day, El Salvador or Nicaragua the next....
...It’s just slightly less than the $1.2bn Coty put on Jenner’s business when it bought a 51 per cent stake last year....
...Occidental Petroleum took on huge debt to spend almost $60bn buying Anadarko and its 1.4bn barrels of oil equivalent reserves (end-2018)....
...National Express, the bus operator with a market cap of around £1.2bn, is the latest company to turn to shareholders for a cash injection....
...Upshot: Big US tech — including Google, Facebook, Amazon and others — is seeing India as an El Dorado and gaining ground on Chinese competitors. But India’s market is never straightforward....
...Not Ya-el?” McElroy confirms the pronunciation and throws in two lines of Yale University’s fight song to plant it in the novelist’s mind....
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