Two decades ago, before Friedrich Merz came back from the private sector to win the German chancellorship, he accepted an invitation to a gathering of the French Foreign Legion in Corsica. At the last moment, the organizers asked him to arrive on the parade ground not by road or rail, but by parachute.Mr. Merz, then a corporate lawyer, had never jumped out of a plane. But a fellow attendee recalled recently that Mr. Merz did not hesitate. He made the jump — successfully, but with a bit of a rough landing.Now 69 and a politician, Mr. Merz is attempting a…
Author: usaeverydaylife
The world’s 25 most valuable soccer teams are worth an average of $2.76 billion, according to CNBC’s Official Global Soccer Valuations 2025.On average, the 25 most valuable teams generated revenue of $520 million and earnings before interest, taxes, depreciation and amortization, or EBITDA, of $54 million last season, according to CNBC’s valuations. For the 22 European teams on CNBC’s list, figures are for the 2023-24 season. For the three U.S. teams, figures are for the 2024 Major League Soccer season.Soccer valuations are far behind the National Football League, in which the average team is worth $6.5 billion, and the National…
A Hugo Boss store in Berlin, Germany, on Tuesday, April 25, 2023.Bloomberg | Getty ImagesShares of Hugo Boss jumped on Tuesday after it posted a lower-than-feared decline in first-quarter sales and reiterated its full-year guidance despite macroeconomic and tariff uncertainty.The high-end German retailer said revenues fell 2% on a currency adjusted basis over the three month period to 999 million euros ($1.13 billion), slightly ahead of the 979 million euros forecast by analysts in an LSEG poll.Shares rose as much as 8.8% on the news. The stock was last seen trading at 8.5% at around 8:29 a.m. London time. Weaker…
An Oscar statue being set up on the red carpet for the 97th Academy Awards at the Dolby Theatre on Feb 28, 2025, in Hollywood, California.Aaronp | Bauer-Griffin | Getty Images Out of all the tariff actions U.S. President Donald Trump has announced, the 100% levy on movies produced outside the U.S. ranks as one of the most bizarre, taking its place beside the head-scratching formula his administration used to determine the level of tariffs.Trump didn’t share details of how the tariff would work — or if it would actually be implemented — but the mere announcement of the levy…
A Google logo displayed on a smartphone.Mateusz Slodkowski | Sopa Images | Lightrocket | Getty ImagesThe U.S. Department of Justice has proposed that Alphabet’s Google divest its AdX advertising marketplace and ad server DFP, a court filing showed Monday, after a federal judge found the company illegally dominated two online ad-tech markets.The judge set a September trial date Friday, after hearing from Google and the DOJ on potential remedies for the company’s dominance in ad tools used by online publishers.The Justice Department said the proposed remedies, including divestitures, are necessary to end Google’s monopolies and restore competition in the ad-exchange and publisher ad-server markets.Google has said the company supported behavioral remedies…
A Deliveroo rider near Victoria station in London, England, on March 31, 2021.Dan Kitwood | Getty ImagesLONDON — British food delivery firm Deliveroo on Monday said it has agreed to a takeover offer from American rival DoorDash that values the company at £2.9 billion ($3.9 billion).Deliveroo, which lets users order hot meals and groceries via an app, said its board agreed to an offer from DoorDash to acquire all issued and to be issued shares in the company for 180 pence a share.That marks a 44% premium to Deliveroo’s closing price on April 4, the last business day prior to…
Exactly six months after Olaf Scholz’s three-party coalition imploded, Friedrich Merz, a conservative Christian Democrat, will be sworn in as Germany’s next chancellor on Tuesday.The swearing-in comes after less than two months of negotiation between the Christian Democratic Union, or C.D.U., which came in first with 28.5 percent of the vote, and the incumbent Social Democrats, known as S.P.D., which came in third with just 16.5 percent.Mr. Merz, 69, who took a decade-long break from politics after he was passed over in favor of Angela Merkel, has never held any government office. A talented and engaging speaker, he has made…
Tesla owners and investors once believed the company and CEO Elon Musk were changing the world. Now many are selling their cars and dumping stock.Musk has sparked protests in front of Tesla stores and service centers in response to his politics. Many owners are affixing bumper stickers on their Tesla vehicles that say things like “I bought this before Elon went crazy.”Musk’s work with President Donald Trump has been a final straw for many.Before Musk became the leader of the Department of Government Efficiency, a Trump administration effort to slash federal agencies and regulations, Tesla fans were mostly willing to…
The closure of a trade loophole and prohibitive tariffs on China have upended Temu and Shein’s business model in the United States. And yet the e-commerce companies are likely to remain a dominant force in American online retailing, experts suggest. On Friday, the de minimis rule — a policy that had exempted U.S. imports worth $800 from trade tariffs — officially closed for shipments from China. This has seen Temu and Shein exposed to duties as high as 120% or a flat fee of $100, set to rise to $200 in June.The small-package tariff exemption had been key to the companies’…
India’s government has ordered officials to carry out civil defense drills in much of the country on Wednesday as it prepares for a potential military conflict with Pakistan, its neighbor and archrival.Tensions between the nuclear-armed countries, which have fought several wars, have escalated since April 22, when gunmen killed 26 people in the India-controlled part of the Kashmir region, which both countries claim. India accuses Pakistan of being involved in the terror attack, which Pakistan denies.India has been making a case for carrying out military strikes on what it calls havens for terrorists in Pakistan. Pakistan has promised to respond…
