Tag Archives: Consumer Cycle (TRBC level 1)

UPDATE 1-German investor morale fell in April on lockdown fears, said ZEW | Instant News


(Adding analyst, context)

BERLIN, April 13 (Reuters) – Investor sentiment in Germany fell unexpectedly in April, the ZEW economic research institute said on Tuesday, citing growing concerns that private consumption could be depressed as Europe’s biggest economy got closer to extending lockdown measures.

ZEW said the investor’s economic sentiment survey fell to 70.7 points, the first drop since November 2020, from 76.6 the previous month. A Reuters poll forecasted the increase to be 79.0.

“Financial market experts are somewhat less euphoric than the previous month,” said ZEW President Achim Wambach in a statement. “The ZEW economic sentiment indicator, however, is still at a very high level and the current situation is considered much more positive than in March.”

Germany tightened lockdown measures in December to fight a third wave of coronavirus infections and the economy is expected to shrink in the first three months of this year.

Hopes for a return to growth in the second quarter have been tempered by expectations that restrictive measures will be extended beyond mid-April to stop an exponential rise in infections.

“The ZEW indicator is preparing us for another delay of the anticipated economic recovery,” said Thomas Gitzel, chief economist at VP Bank Group. “The limitation on gross domestic product growth in the second quarter is too high. The ZEW headline tells us that the bar must be lowered. “

Economists earlier this year predicted German growth of 3% based on expectations of a slow return to normal economic activity.

The ZEW gauge for current conditions rose to -48.8 points from -61.0 the previous month, confirming an assessment that the German economy remains in relatively good shape as increasing demand for goods from China and the United States keeps factories humming.

“Concerns about a tighter lockdown have led to lower expectations for private consumption,” said Wambach. However, the export prospects are better than the previous month. (Written by Joseph Nasr; editing by Maria Sheahan, Larry King)

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Italian football coach De Rossi is in hospital after testing positive for COVID-19 | Instant News


April 9 (Reuters) – Former Italy captain and national team technical coach Daniele De Rossi is hospitalized after testing positive for COVID-19 during last month’s World Cup qualifiers, Sky Italy reported on Friday.

The former AS Roma midfielder, who is fourth on Italy’s all-time appearances list after playing 117 times for the Azzurri, tested positive alongside three other staff and several national players during the international break.

Sky reported De Rossi, 37, is being observed at the Roman Institute for Infectious Diseases as a precaution.

The players who tested positive were Federico Bernardeschi, Leonardo Bonucci, Alessio Cragno, Vincenzo Grifo, Alessandro Florenzi, Marco Verratti, Matteo Pessina and Salvatore Sirigu.

De Rossi, who ended his 18-year playing career in January 2020 after brief stints with Argentine side Boca Juniors, joined Italian coaching staff Roberto Mancini last month. (Reporting by Rohith Nair in Bengaluru; Editing by Christian Radnedge)

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UPDATE 1-Fashion group Tod put Instagram star Chiara Ferragni on its board | Instant News


* Shares in Tod’s jump more than 5% after the announcement

* The company aims to win over young people to drive growth (Adds details)

ROME, April 9 (Reuters) – Italian fashion group Tod’s said on Friday that it is appointing Instagram star and influencer Chiara Ferragni as a board member, stepping up its efforts to win over the younger buyers driving the sector’s growth.

The luxury leather goods maker shares jumped more than 5% after the announcement of Ferragni, a 33-year-old Italian digital entrepreneur with more than 23 million followers on his Instagram account where he shares fashion and style advice and raises awareness about social issues. .

“We believe that Chiara’s knowledge of the world of youth, combined with the experiences of other board members, can build thinking focused on solidarity with others, with a strong focus on the younger generation, who, now more than ever, need to be heard,” Tod said. .

Tod’s, known for his shoes, launched a new strategy in late 2017 to change his brand and appeal to younger consumers, but the COVID-19 pandemic has hampered his efforts. Sales fell by nearly a third in 2020 due to lockdowns and falls in tourism, marking the fifth consecutive year of annual sales decline.

“Ferragni’s entry into Tod’s board will lead to increased brand visibility, and investors hope this will help in driving group sales in today’s challenging market,” said a Milan-based trader.

Generations Z and Y, born after 1995, will meet about two-thirds of total demand in the luxury goods sector by 2025, up from about 45% in 2019, consultants Bain said in its latest estimate.

“Chiara’s knowledge of the youth world is invaluable,” said Diego Della Valle, Tod’s founder and top shareholder.

Reporting by Claudia Cristoferi; Edited by Giulia Segreti and Pravin Char

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Oscar winner Dustin Lance Black urged Britain to ban LGBT + conversion therapy | Instant News


LONDON, April 7 (Thomson Reuters Foundation) – Oscar-winning screenwriter and filmmaker Dustin Lance Black on Wednesday accused Britain of “neglecting the lives of queer people” by failing to fulfill a three-year promise to ban LGBT + conversion therapy.

The United Nations has called for the practice, which aims to change a person’s sexual orientation or gender identity, to be banned globally.

Brazil, Ecuador, Malta and Germany have adopted forms of national bans, while parts of Australia and Canada are considering restrictions and at least 20 US states ban them for minors.

Black – who has built a remarkable US sailing career from keeping track of LGBT + rights – said his adoptive homeland in Britain knew the risks of treatment but had not acted on it.

“This government ignores the lives of freaks,” the US screenwriter told the Thomson Reuters Foundation in a video call from her home in south London, which was shared with her husband British Olympic diver Tom Daley and their two-year-old son, Robbie Ray.

“There is no urgency from this government to protect LGBTQ people,” said the 46-year-old Oscar winner. “We keep hearing, ‘Soon, soon, soon’. Well, I’m sorry to tell this government that the ‘soon’ came and went years ago now. “

Former Prime Minister Theresa May vowed to ban conversion therapy by 2018.

But Black – who won the original screenplay Oscar for the 2008 film “Milk” about LGBT + activist Harvey Milk – noted that more than 1,000 days have passed.

“I feel fairly confident that if there is a therapy in the UK that targets heterosexual people to change something fundamental about them, and that the main outcomes of this therapy are depression, suicidal thoughts and suicide, then that therapy will be banned in 24 hours. -hours, “he said.

A 2019 survey by the suicide prevention group The Trevor Project found 42% of young LGBT Americans on conversion therapy reported a suicide attempt in the past year.

Nearly 700,000 Americans have undergone conversion therapy, half of whom are under 18, according to the UCLA Williams Institute.

A spokesman said the British government wanted to “stop conversion therapy” and would come up with a proposal soon.

Black, who is behind the hit ABC series “When We Rise” which charts LGBT + rights, says procrastination has had a “measurable” impact on British lesbian, gay, bisexual and transgender people. “The government itself has reviewed this matter and still hasn’t done anything,” he said. “They should care very little about LGBTQ people, our self-esteem, our self-confidence.”

In the 2018 National LGBT Survey, the UK government said nearly 2% of respondents had undergone conversion therapy and another 5% had been offered it. (Reported by Hugo Greenhalgh; Edited by Lyndsay Griffiths. Please pay tribute to the Thomson Reuters Foundation, the Thomson Reuters charity, covering the lives of people around the world who struggle to live free or fair. news.trust.org)

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Soccer-Bernardeschi becomes the sixth Italian player to test positive for COVID-19 | Instant News


April 6 (Reuters) – Juventus forward Federico Bernardeschi becomes the sixth Italian player to test positive for COVID-19 since the international break, the Serie A champions said in a statement on Tuesday.

There are growing concerns over the number of cases among the Italy squad, which played three World Cup qualifying matches in the last two weeks.

Bernardeschi, who is isolated and asymptomatic, follows Cagliari goalkeeper Alessio Cragno and Paris St Germain defender Alessandro Florenzi as players who have caught the virus, after their positive results were revealed on Monday.

Florenzi’s PSG team-mate and fellow Italy international Marco Verratti will also miss the Champions League quarter-final first leg against Bayern Munich on Wednesday, after testing positive on Friday.

Bernardeschi is the second Juve player to be isolated after Leonardo Bonucci also contracted the virus, while Torino said on Monday that an unnamed player had also tested positive there.

Four members of the Italian team’s staff tested positive last Wednesday.

As a precaution, Serie A side Sassuolo have left Italians Gian Marco Ferrari, Manuel Locatelli, Domenico Berardi and Francesco Caputo out of the squad for Saturday’s league match against AS Roma.

Italy has recorded more than 110,000 deaths related to COVID-19 since February last year, the second highest death toll in Europe after Britain, with hundreds of people dying every day according to the latest data. (Reporting by Peter Hall; Editing by Hugh Lawson)

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