Russia calls Clooney Foundation for Justice ‘undesirable’
Politics

Russia calls Clooney Foundation for Justice ‘undesirable’

Related media - Recent news MOSCOW, Russia — The Russian Revenue Service has officially designated the Clooney Foundation for Justice, an American nonprofit, as “undesirable.” This classification, which has been used against foreign organizations since 2015, accuses the foundation of engaging in activities that allegedly aim to discredit Russia. Founded by famed actor George Clooney and his wife, human rights lawyer Amal Clooney, the foundation has been active in advocating for justice globally. Russian authorities, however, say the foundation's operations mirror Hollywood-style tactics to undermine Moscow's image. According to a statement released via the Telegram messaging platform by the General Tax Office, the foundation allegedly supports individuals who have left Russia and crit...
Goldman Sachs cuts probability of US recession to 20% after positive economic indicators
Business

Goldman Sachs cuts probability of US recession to 20% after positive economic indicators

More news - Breaking news Goldman Sachs has lowered its forecast for a potential US recession to 20%, following a reassessment prompted by the latest employment and retail trade data. The change comes after it raised its recession probability earlier this month, initially pegged at 25% due to disappointing job growth figures in early August. Earlier, Goldman Sachs economic analysts had raised their recession risk estimates when the July jobs report showed nonfarm payrolls rose by just 114,000, significantly below expectations and down from the revised June figures. The disappointing report contributed to a temporary stock market downturn and raised alarms about the potential weakening of the U.S. economy. However, recent data, including an unexpected 1% increase in July retail sales, w...
Estee Lauder Expects Profits to Fall, Freda Announces Retirement
News

Estee Lauder Expects Profits to Fall, Freda Announces Retirement

Related media - Breaking news Estee Lauder Chairman and CEO Fabrizio Freda will retire, marking the end of an impactful era for the cosmetics giant. Estee Lauder forecast its annual sales and profits will fall short of expectations as the global beauty industry faces declining demand, particularly in China. The announcement comes amid news that CEO Fabrizio Freda, who has led the company since 2009, will step down on June 30, 2025, ending nearly 16 years of leadership. During her tenure, Freda, 66, has significantly expanded Estee Lauder’s skin care line, incorporating popular brands like Dr. Jart and Deciem, which owns The Ordinary. She has also guided the company through significant challenges, including supply chain disruptions during the pandemic that required price increases and a...
The Harris-Walz Duo: A Call to Reimagine Political Possibilities
Politics

The Harris-Walz Duo: A Call to Reimagine Political Possibilities

More news - Latest news The announcement of Kamala Harris’s presidential run has brought a new perspective to my view of politics, moving from feelings of frustration to a more engaged and curious position. While hope may be a strong word, there is a new interest in exploring potential transformations in governance. The essence of democracy continues to be a critical issue at the ballot box, confronting an existential crisis. Political discourse has evolved from a focus primarily on the polarizing views of Donald Trump and the seniority of Joe Biden to a more meaningful discussion of the future leadership vision of the United States. This election offers an opportunity to support a candidate based on their policies and vision, rather than simply oppose another. The conce...
Klarna introduces personal banking services and rewards incentives as it prepares for IPO
Business

Klarna introduces personal banking services and rewards incentives as it prepares for IPO

More news - News 24 hours Klarna, a leading fintech known for its innovative “buy now, pay later” services, is further venturing into the realm of traditional banking by introducing a personal account feature and cashback system to improve customer engagement and loyalty. Announced Thursday, the initiatives are part of Klarna’s strategic move to challenge conventional retail banking and move consumer financial activities onto its platform. The newly revealed features, designed to simplify payment management and increase customer purchase frequency, were highlighted by CEO Sebastian Siemiatkowski in a discussion with CNBC. According to Siemiatkowski, these offerings are geared toward supporting everyday financial activities, allowing consumers to both save and earn through their transac...
Financial woes hit data analytics firm over controversial practices
Health

Financial woes hit data analytics firm over controversial practices

More news - Latest news MultiPlan, a key player in the health insurance industry credited with helping major insurers save billions through minimized medical reimbursements, is currently going through a tumultuous period of increased regulatory and financial scrutiny. The New York-based company, which influences more than 100,000 health plans covering more than 60 million people, has come under fire for practices that could leave patients with large medical bills. Recent investigations have shed a harsh light on MultiPlan’s marketing tactics, which often result in insurers paying health care providers significantly less than they are charged. This strategy, while financially advantageous for insurers and MultiPlan, often leaves patients having to make up the difference, ...