European Stocks Are Complacent on Tariffs, Says Goldman's Bell
'There's a little bit of an element of the market being perhaps a little bit too complacent in the very near term on the risks around all of this,' Bell, Goldman's senior European equity strategist, said in a Bloomberg TV interview.
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Los Angeles Times
a few seconds ago
- Los Angeles Times
LeBron James and Maverick Carter meet with Nikola Jokic's agent about starting a new league
A proposed international league described as the F1 of basketball gained attention over the weekend when Misko Raznatovic, the agent for Denver Nuggets star Nikola Jokic, posted a photo on Instagram of him meeting in shorts and bare feet with LeBron James and the Lakers star's business partner Maverick Carter on a yacht off the coast of the French Riviera. Raznatovic accompanied the photo with an intriguing comment: 'The summer of 2025 is the perfect time to make big plans for the fall of 2026! @kingjames @mavcarter The post triggered speculation that perhaps James and Jokic could team up on either the Lakers or Nuggets, but more likely it suggests James has more than a peripheral interest in the new league. Front Office Sports reported in January that Carter was advising a group of investors trying to raise $5 billion to jump-start the league but that James wasn't involved. That may have changed. So what's the league about? Early discussions are of a touring model with six men's and six women's teams playing in eight cities, none of which are likely to be in the United States. Investors include the Singapore government, SC Holdings, the Saudi Arabian Public Investment Fund, a Macau casino operator, UBS, Skype founder Geoff Prentice and former Facebook executive Grady Burnett, according to the Financial Times. Reports have linked VC firm Quiet Capital, tech investor Byron Deeter and Hong Kong-based Galaxy Entertainment to the effort. Investors are leaning toward not allowing players in the league unless they cut ties with the NBA, making the model somewhat like LIV Golf — the professional circuit funded by (PIF). A better comparison in terms of format and scale might be Formula 1 Racing, which holds 24 races a year across five continents. Raznatovic's involvement would be key. His Belgrade, Serbia, agency BeoBasket has a partnership with Excel Sports Management and represents dozens of top European players, including Clippers center Ivica Zubac. The EuroLeague is currently recognized as the world's second-best basketball circuit, but can't come close to paying players NBA-level salaries. If Raznatovic's social media post is an indication, the new league could launch as soon as the fall of 2026. Until then, fans wanting an alternative to the NBA can check out Ice Cube's tour-based Big3 basketball league, which makes its single stop in Los Angeles on Aug. 9. The LA Riot, coached by Nick Young and starring Dwight Howard and Jordan Crawford, will play the Boston Ball Hogs at the Intuit Dome at 1 p.m. PDT.
Associated Press
a minute ago
- Associated Press
Circet USA acquires Blue Streak and CCU to bolster its fiber outside plant services
FARIBAULT, Minn., July 31, 2025 /PRNewswire/ -- Circet, a global network services provider, and its U.S. entity Circet USA, a leading provider of network services throughout the U.S., announce today the acquisition of Gemini Communications and its subsidiaries, Blue Streak and CCU, leading providers of outside plant ('OSP') construction, maintenance, repair and event-related restoration services for top-tier U.S. communications operators. With company heritage dating back to 1985, Blue Streak and CCU now employ 700+ professionals, supporting critical network construction, maintenance, and overbuilding for leading internet service providers. The addition of Blue Streak and CCU will significantly expand and complement Circet USA's existing OSP capabilities and expertise, providing customers a comprehensive end-to-end OSP services offering. Trevor Putrah, CEO of Circet USA, commented: 'The acquisition of Blue Streak and CCU adds invaluable OSP construction leadership, scale, and experience to Circet USA at a time of unprecedented investment in fiber infrastructure across the US. We are delighted to welcome the Blue Streak and CCU teams to the Circet family, and we look forward to driving significant value to our customers through the combination of our organizations.' Rick Hubbard, CEO of Blue Streak and CCU, commented: 'Our Blue Streak and CCU teams are honored to join the growing Circet USA family. We could not ask for a better partner to share our delivery of best-in-class service offerings to our valuable customers.' Lazard Frères & Co. acted as financial advisor and A&O Shearman acted as legal counsel to Circet. Truist Securities acted as financial advisor and Stearns Weaver Miller acted as legal counsel to Gemini. The transaction is subject to regulatory approvals and other customary closing conditions. About Circet USA Circet USA, a Circet company, is a leading provider of communications network services and is a trusted partner to customers who build, own, and operate high-speed fiber, inside plant, wireless, and cloud networks across North America. Our experienced team of over 2,000 professionals combines complete end-to-end capabilities with a customer-first culture to provide custom and turn-key solutions, spanning design, engineering, installation, integration, and maintenance for all technologies across Inside Plant (ISP), Outside Plant (OSP), and Wireless. Our customers include communications service providers, MSOs, cloud service providers, utilities/electric co-ops, municipalities, and others. Circet USA is part of Circet. Circet is a global specialist in network infrastructure services, operating in a dynamic sector driven by growing connectivity needs and the energy transition. The European leader and a major global player, Circet is a trusted and close partner to the world's leading telecom service providers, local authorities, as well as many key public and private infrastructure owners. Building on its strong expertise in telecoms, the Group is also expanding its activities in energy, particularly in power distribution and transmission networks, electric vehicle charging infrastructure, smart grids and photovoltaic installations. Circet operates in 12 countries (Belgium, France, Germany, Greece, Ireland, Italy, Morocco, the Netherlands, Spain, Switzerland, the United Kingdom and the United States). In 2024, the Group reported global revenue exceeding $4.5 billion and employs more than 17,000 people worldwide. To learn more visit: and About Gemini Communications, Blue Streak and CCU Gemini Communications is the parent company of Blue Streak and CCU. Blue Streak is a leading provider of communications network services to leading operators. Blue Streak provides comprehensive solutions, including construction, maintenance and restoration services. The company emphasizes quality, service, and safety in its operations. CCU is a long-standing provider of communications network services. Over the last 40+ years, CCU has grown to be a leading telecommunications OSP provider offering the most sophisticated cable and communications solutions, with locations and personnel throughout the country. Together, Blue Streak and CCU deliver unmatched quality to a leading customer base of leading telecommunications and broadband service provers. To learn more visit: and View original content to download multimedia: SOURCE Circet USA
Business Insider
a minute ago
- Business Insider
Top 10 African countries with the weakest currencies in July 2025
A weak currency can significantly deter economic stability and growth prospects in African countries as the world becomes more of a global village. Business Insider Africa presents the top 10 African countries with the weakest currencies in July 2025. This list is courtesy of the Forbes currency calculator. São Tomé & Príncipe ranks number 1 on the list. Although exports might occasionally become more competitive due to currency depreciation, prolonged currency weakness can have very negative long-term effects, particularly for countries that rely significantly on imports, external debt, and foreign investment. Inflation is one of the most direct consequences of a weak currency. Fuel, medicine, machinery, and food are among the essential things that many African countries import. The cost of these imports rises as the local currency weakens compared to the dollar or euro, raising prices for both consumers and companies. This increases social instability, erodes purchasing power, and feeds poverty. The steep drop in the value of the naira since the middle of 2023 has been a major factor in record-high inflation in nations like Nigeria, which topped 32% in the middle of 2025. A weak currency also heightens the burden of external debt. Many African nations borrow in foreign currencies. As their local currency depreciates, the cost of repaying these loans in dollar or euro terms rises considerably. This can result in debt difficulties, defaults, and an increased reliance on foreign bailouts. Countries such as Zambia and Ethiopia, for example, have had to seek debt restructuring due to their inability to satisfy foreign-currency debt commitments while their native currency has declined. Furthermore, investor confidence suffers when a country's currency is volatile. For African governments that want to raise millions out of poverty and establish internationally competitive economies, stabilizing and strengthening the local currency must be a key focus. With that said, here are the 10 African countries with the weakest currencies, presently, according to the Forbes currency converter, last updated on the 22nd of July. Currency value for Burundi, Congo, Malawi, fell, while currency value for Guinea, Uganda, Tanzania, Nigeria, and Rwanda all increased this month compared to the top 10 list last month. Top 10 African countries with the weakest currencies in July 2025 Rank Country Currency value per US$ Currency 1. São Tomé & Príncipe 22,281.80 São Tomé & Príncipe Dobra 2. Sierra Leone 20,969.50 Sierra Leonean Leone 3. Guinea 8,676.33 Guinean Franc 4. Uganda 3,588.41 Ugandan Shilling 5. Burundi 2,980.51 Burundian Franc 6. Democratic Republic of the Congo 2,910.05 Congolese Franc 7. Tanzania 2,610.00 Tanzanian Shillings 8. Malawi 1,734.03 Malawian Kwacha 9. Nigeria 1,531.38 Nigerian Naira 10. Rwanda 1,445.52 Rwandan Franc
