Co-hosts Germany earned their second straight win at Germany/Netherlands 2025, this time against Uruguay, and secured their main round berth. In turn, Uruguay are yet to claim their first points at the tournament, and the South Americans need to…
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Seagate Shows 6.9TB Per Disk And Discusses Ferroelectric Recording
There has been a fair amount of coverage in the last couple of days related to a presentation Seagate Technology gave in October about a 6.9TB per HDD disk laboratory demonstration. This appears to have been first reported by guru3D. The
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Semaglutide Provides Cardiorenal Benefits in CKD With or Without Diabetes
Semaglutide, a glucagon-like peptide-1 receptor agonist, is linked with significant cardiorenal improvements and a favorable safety profile in adults with
chronic kidney disease (CKD) , with or without type 2 diabetes mellitus (T2DM).1Findings…
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Bose, Sony, and Apple headphones are cheaper than ever for Black Friday
If you’ve been waiting to upgrade your headphones or earbuds, your patience has been rewarded. Right now, models from Apple, Sony, Bose, Sonos, and other brands are down to their lowest prices to date for Black Friday, allowing you to save more…
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National Guard shooting suspect faces murder charge as Donald Trump orders immigration crackdown
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The US will bring first-degree murder charges against the suspect in the fatal National Guard shooting in…
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Exclusive: The Economist stake draws interest as deadline approaches, sources say
NEW YORK/LONDON, Nov 28 (Reuters) – The sale of a large stake in the storied Economist publication is coming to a head this week, as bidders submit expressions of interest by Friday’s deadline for a 27% stake, three people familiar with the matter said.At least a dozen parties, including ultra wealthy individuals and media companies, have already shown preliminary interest, one of the people said.
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It’s been a decade since anyone has been able to buy a share close to this size, not since Britain’s Pearson (PSON.L) sold its 50% stake in 2015 to the holding group of the wealthy Italian Agnelli family, for 469 million pounds ($531 million), ending its near-60-year ownership in the magazine.Philanthropist Lynn Forester de Rothschild is putting the banking dynasty’s share of The Economist up for sale three years after the death of her husband Evelyn de Rothschild, who chaired the company from 1972 to 1989, according to the people, who spoke on condition of anonymity because the matter is private.
Requests for comment from the Rothschild family and The Economist weren’t immediately returned.
Founded in 1843, the publication’s shareholding total nearly 1,000, with Exor, a holding vehicle for Italy’s Agnelli family, owning a 43.4% stake and the Rothschilds owning 27%, according to the Economist’s annual results.
The sale is made more complex as The Economist’s governance is structured to ensure the editorial process at the 182-year-old publication remains independent, prohibiting any one individual or company from owning a controlling stake in the corporate parent.
The sale of the Economist comes at a time when there are few opportunities to buy into highly coveted British media empires. The owner of the Daily Mail, DMGT, recently stepped in to scoop up the Telegraph Media Group after UK regulators banned foreign ownership of UK newspapers.The move forced U.S.-based Redbird Capital to withdraw its 500 million pound ($658.5 million) joint bid with Abu Dhabi-backed IMI for the Telegraph.The Economist is profitable and has been growing its subscriber base. First-half revenue for the six months ended Sept. 30th 2025, was 170 million pounds and operating profit was 20 million, up 23% on the year prior, according to its most recent published figures.
The sale of the Rothschild stake, which includes about 20% in voting shares, could value the media company at around 800 million pounds ($1.06 billion), a person familiar with the matter said.
Two top U.S. media executives said a stake in The Economist would give ultra-wealthy people access to even more elite circles.
“Even if you’re at Davos, it’s crowded. But The Economist gets you respect,” one media CEO said. “It will open a lot of interesting doors.”
Reporting by Dawn Kopecki in New York and Amy-Jo Crowley in London. Editing by Anousha Sakoui and Nick Zieminski
Our Standards: The Thomson Reuters Trust Principles.
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Newly Found Organics In Enceladus’ Plumes
NASA/JPL-Caltech/Space Science Institute
Dramatic plumes, both large and small, spray water ice out from many locations along the famed tiger stripes near the south pole of Saturn’s moon Enceladus in this image released on Feb. 23,…
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Ford workers told their CEO ‘none of the young people want to work here.’ So Jim Farley took a page out of the founder’s playbook
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Ford CEO Jim Farley learned from older employees that some young workers at the carmaker were taking shifts at Amazon to make ends meet, he said at the Aspen Ideas Festival. Farley said he drew on founder Henry Ford’s decision to raise factory wages to $5 a day in 1914 to make temporary workers into full-time employees. Young people have previously eschewed manufacturing jobs due to low wages.
Some economists credit carmaker Henry Ford for jump-starting the American middle class in the 20th century when, in January 1914, he hiked factory wages to $5, more than double the average wage for an eight-hour work day.
More than 100 years later, facing the reality of many employees “barely getting by,” Ford CEO Jim Farley said he took a page out of the founder’s playbook.
The carmaker’s chief executive recognized the need to make a change in his workplace when he spoke to veteran employees during union contract negotiations and learned young Ford employees were working multiple jobs and getting inadequate sleep due to low wages, Farley said in an interview with journalist and biographer Walter Isaacson at the Aspen Ideas Festival earlier this year.
“The older workers who’d been at the company said, ‘None of the young people want to work here. Jim, you pay $17 an hour, and they are so stressed,’” Farley said.
Farley learned some workers also held jobs at Amazon, where they worked for eight hours before clocking in to a seven-hour shift at Ford, sleeping for only three or four hours. At a Ford Pro Accelerate event in September, the CEO said entry-level factory workers told him they were working up to three jobs.
As a result, the company made temporary workers into full-time employees, making them eligible for higher wages, profit-sharing checks, and better health care coverage. The transition was outlined in 2019 contract negotiations with the United Auto Workers (UAW), with temporary workers able to become full-time after two years of continuous employment at Ford.
“It wasn’t easy to do,” Farley said. “It was expensive. But I think that’s the kind of changes we need to make in our country.”
Ford’s own decision to double factory wages in 1914 was not altruistic, but rather a strategy to attract a stable workforce, as well as provide a stimulus for his own workers to be able to afford Ford products.
“He said, ‘I’m doing this because I want my factory worker to buy my cars. If they make enough money, they’ll buy my own product,’” Farley said. “It’s a self-fulfilling prophecy, in a way.”
Farley, a proponent of growing U.S. manufacturing productivity to support the essential economy, has advocated for young workers to have strong trade experiences. Earlier this month, he sounded the alarm on the shortage of manual labor jobs, saying in an episode of the Office Hours: Business Edition podcast that Ford had 5,000 open mechanic positions that have remain unfilled, despite an up-to $120,000 salary for the role.
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‘We never stop’ – Scotland leave it late to salvage damp squib friendly
Who knows what the football gods are playing at with all this late drama in Scotland internationals, but they could save us all a few years if they showed a bit of kindness.
Andreatta said earlier in the week her players were “inspired” by the…
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REPORT: Two cars in top 10 after Qatar Sprint qualifying
For the second time in three Sprint events, Atlassian Williams Racing had both cars in SQ3 and are in the hunt for points on Saturday.
Carlos Sainz will start from P8 with Alex Albon in P10, maximising the conditions and making minimal mistakes on…
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