Worldline Books €4.1 Billion Impairment Tied to Merchant Arm
The impairment on goodwill led Worldline to report a net loss of €4.2 billion in the first half of the year, compared to a net loss of €29 million in the same period last year, according to a statement Wednesday.
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CNBC
2 hours ago
- CNBC
Trump promised Ukraine 'security guarantees': Here's what they could look like
On the face of it, talks on Monday between U.S. President Donald Trump and Ukraine's President Volodymyr Zelenskyy and European leaders went well. The U.S. and Ukrainian leaders were pictured looking jovial and smiling together — a far cry from the extraordinary shouting match and public humiliation inflicted on Zelenskyy during his last trip to the White House in February. Monday's talks, which involved a raft of European leaders, appeared to make progress toward ending the protracted war between Russia and Ukraine, with Trump saying a meeting between Russian President Vladimir Putin and Zelenskyy would be arranged, followed by a trilateral meeting that he would join. The most significant development result for Kyiv and Europe, however, was Trump's statement that security guarantees for Ukraine would be "provided" by European countries in "coordination with the U.S." Describing that as a "major step forward," Zelenskyy said later that the package of security guarantees for Ukraine — highly coveted by Kyiv's leadership and seen as a deterrent to future Russian aggression — will include a massive purchase of American weapons, with financing reportedly supported by Europe. The agreement would be "formalized on paper within the next week to 10 days," he said. As for what the security guarantees could include, the detail is still scant. Trump commented at a post-talks press conference that Europe would "take a lot of the burden" for these, but said the U.S. would help and would make it "very secure." In any case, security guarantees likely mean that Europe, and the so-called "Coalition of the Willing" of countries offering to oversee a peace deal, is on the hook to fulfill what they've previously promised. French President Emmanuel Macron hinted Tuesday that the "first security guarantee we are working on — and it is the most important — is a strong Ukrainian army, composed of several hundred thousand men, well equipped, with defense systems and higher standards." "The second is to have reassurance forces, the British, the French, the Germans, the Turks, and others ready to carry out these operations — not on the front line, not in a provocative way, but reassurance operations in the air, at sea, and on land. The goal is to send a strategic signal: peace in Ukraine is also our concern," he told French broadcaster TF1-LCI, in comments translated by NBC News. Jaroslava Barbieri, research fellow at Chatham House, told CNBC Tuesday that the overall mood from the talks on Monday was one of "cautious optimism," but there are many unknowns. "However, we have to say that the Kremlin's maximalist demands on Ukraine have not changed and so there's still a number of uncertainties about the security guarantees, the details, who is going to be doing what, if there are any troop deployments then where will they be stationed and for how long, which countries will be contributing?" she asked. European leaders have voiced misgivings over the lack of a ceasefire between Russia and Ukraine before a peace deal is negotiated, but they seem willing to acquiesce, for now, with the end goal of peace and Ukraine and Europe's security in mind. Gabrielius Landsbergis, Lithuania's former foreign minister, told CNBC Tuesday that Europe still appeared to be struggling to be heard, saying the bloc had not yet found its strength and "ability to create leverage." "What came out of the meeting yesterday was that Europe was asking the U.S. yesterday to continue its assistance, to ask for a ceasefire, to assist any stationing of troops, and then some of the leaders were even saying, 'Well, some of the Ukrainian territories might be lost, but that's a reality.' Well, that doesn't sound like Europe finding it's strength," he said. "It's more like Europe agreeing that, 'we are in a very weak position and we have to please President Trump as much as we can and we have nothing to put on the table'," he noted. What's more, it's unclear whether the Kremlin will even agree to direct talks with Zelenskyy. Putin's presidential aide Yuri Ushakov stated Monday that Trump and Putin had discussed "that it would be necessary to study the possibility of raising the level of representatives of the Ukrainian and Russian sides," but that no firm decision was made. The proposed future summits between Trump, Putin and Zelenskyy would keep a process towards a possible resolution of the conflict alive, but it would still follow the Russian script of a no-ceasefire scenario, Holger Schmieding, chief economist at Berenberg Bank, cautioned. "Putin may already set difficult conditions for a meeting with Zelenskyy. And in a meeting with Zelenskyy, Putin's major goal may be to pin the blame for any failure on Zelenskyy instead of agreeing to a truce or a final deal. The outcome remains very uncertain," he noted.
Eater
14 hours ago
- Eater
Los Angeles's Best Cheesesteak Heads to Calabasas and Pasadena in 2025
The year 2025 is turning out to be a busy one for the Matu crew. The team opened Matu Kai on April 6 in Brentwood, and recently announced that a forthcoming casual Cheesesteaks by Matu will debut in Pasadena and Calabasas later this year. The new cheesesteak destination comes from restaurateur Jerry Greenberg, co-founder of the Sushi Nozawa Group, which owns Sugarfish, Nozawa Bar, and KazuNori, and the Original Hand Roll Bar. Sushi Nozawa's sister restaurants are HiHo Cheeseburger and UOVO. Matu (stylized as matū) first opened in Beverly Hills in 2021 with a tasting menu that centered on 100 percent grass-fed Wagyu beef. Staff started serving wagyu cheesesteak at the Beverly Hills location, which became a popular dish at both restaurants. At Cheesesteaks by Matu, the tema will serve two items: cheesesteaks and homemade potato chips. The Pasadena location on East Colorado Boulevard will debut in late fall, while the second will launch operations out of the Commons at Calabasas in the winter months. In a statement, the founders shared that the group was looking for a space to house HiHo Cheeseburger in Pasadena when it decided to place both restaurants on the same site. Once open, both Pasadena and Calabasas HiHo and Cheesesteaks by Matu will operate separately. BLVD Steak is open in Calabasas Commons In more Calabasas news, Sherman Oaks' popular BLVD Steak took over the shuttered Crossroads Kitchen space and opened in late June. Everything is the same, except the restaurant is open all day with a lunch menu that includes a burger, French dip sandwich, rack of ribs, salads, and sushi more suitable to daytime hours in Kardashian country. A peek inside Downtown's Uncle Ollie's Penthouse You'll want to read the Los Angeles Times' profile of Uncle Ollie's Penthouse, the new Downtown bar that might be the antidote to the region's fading nightlife, with an arcade, dance room, burlesque performances, and Gong Show karaoke. It's nestled on the border of Little Tokyo and Skid Row, which one outlet describes as SkidRokyo. A thorough guide to dining in the SFV The Los Angeles Times food section put some serious effort into this San Fernando Valley dining guide. It lists 65 restaurants that comprise the vast region, including Les Sisters in Chatsworth, Vinh Loi Tofu, and Shin Sushi. For an even tighter curation, visit the Eater San Fernando Valley list. L.A. Taco keeps up with ICE raids in Los Angeles Since the Immigration and Customs Enforcement (ICE) initiated raids in early June, Los Angeles news outlet L.A. Taco has dedicated daily coverage on Instagram and its main website. The raids have left Los Angeles residents and restaurants reeling. Below is their most recent report.
Business Wire
a day ago
- Business Wire
Fubo's Molotov Secures First Major Sports Rights Distribution Deal With Ligue 1 Carriage in France
PARIS--(BUSINESS WIRE)--FuboTV Inc. (d/b/a/ Fubo) (NYSE: FUBO), the leading sports-first live TV streaming platform, announced today that Molotov, its subsidiary in France, has entered into a non-exclusive carriage agreement with Ligue 1 for the 2025/2026 season. Molotov, France's leading live TV streaming platform, has partnered with Ligue 1+, the new official broadcast service for Ligue 1 McDonald's, France's professional soccer league. The partnership significantly expands the premium sports content available to Molotov subscribers in France. Customers who subscribe to Ligue 1+ on Molotov will be able to enjoy eight of the nine live matches each gameday, with a delayed broadcast of the additional match. As part of the agreement, subscribers will also have access to exclusive shows, in-depth game analysis, documentaries, match replays and club-specific programming. This collaboration is part of Molotov's strategy to combine the best in sports with its already robust French entertainment lineup. Molotov is currently the only streaming platform to offer an extensive library of French television channels and Ligue 1 McDonald's within the same ecosystem. In addition to Ligue 1+, Molotov streams major world-class sports competitions including FIFA World Cup 2026 and Coupe de France through its carriage of channels such as TF1, M6, France TV and more. About Molotov Molotov is France's leading live TV platform that is revolutionizing access to television and content, available on all screens and connected devices (TechCrunch). Molotov offers an integrated experience combining, in a single interface, linear and non-linear programs from nearly 200 publishers and television channels. Founded by JeanDavid Blanc (tech veteran also founder of AlloCiné) and Pierre Lescure (co-founder of Canal+), Molotov is part of Fubo, the world's leading sports-first live TV streaming platform, since December 2021. Molotov was named to the French Tech 120 government index, was among the 10 Top LinkedIn Start-ups 2020, and awarded four times "Best application of the year" by users of the App Store (Apple), Google Play (Android) and by AppAnnie. About Fubo With a global mission to aggregate the best in TV, including premium sports, news and entertainment content, through a single app, FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO) aims to transcend the industry's current TV model. Ranked among The Americas' Fastest-Growing Companies 2025 by the Financial Times, the company operates Fubo in the U.S., Canada and Spain and Molotov in France. In the U.S., Fubo is a sports-first cable TV replacement product aggregating more than 400 live sports, news and entertainment networks and is the only live TV streaming platform with every English-language Nielsen-rated sports channel (source: Nielsen Total Viewers, 2024). Leveraging Fubo's proprietary data and technology platform optimized for live TV and sports viewership, subscribers can engage with the content they are watching through an intuitive and personalized streaming experience. Fubo has continuously pushed the boundaries of live TV streaming, and was the first virtual MVPD to launch 4K streaming, MultiView and personalized game alerts. Learn more at Fubo Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements of FuboTV Inc. ('Fubo') that involve substantial risks and uncertainties. All statements contained in this press release that do not relate to matters of historical fact are forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, including statements regarding our business strategy and plans, partnerships, sports programming and live events, and distribution. The words 'could,' 'will,' 'plan,' 'intend,' 'anticipate,' 'approximate,' 'expect,' 'potential,' 'believe' or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that Fubo makes due to a number of important factors, including but not limited to the following: our ability to achieve or maintain profitability; risks related to our access to capital and fundraising prospects to fund our financial operations and support our planned business growth; our revenue and gross profit are subject to seasonality; our operating results may fluctuate; our ability to effectively manage our growth; risks related to the transactions contemplated by our business combination agreement with The Walt Disney Company and Hulu, LLC; the long-term nature of our content commitments; our ability to renew our long-term content contracts on sufficiently favorable terms; our ability to attract and retain subscribers; obligations imposed on us through our agreements with certain distribution partners; our ability to license streaming content or other rights on acceptable terms; the restrictions imposed by content providers on our distribution and marketing of our products and services; our reliance on third party platforms to operate certain aspects of our business; risks related to the difficulty in measuring key metrics related to our business; risks related to preparing and forecasting our financial results; risks related to the highly competitive nature of our industry; risks related to our technology, as well as cybersecurity and data privacy-related risks; risks related to ongoing or future legal proceedings; and other risks, including the effects of industry, market, economic, political or regulatory conditions, future exchange and interest rates, and changes in tax and other laws, regulations, rates and policies. Further risks that could cause actual results to differ materially from those matters expressed in or implied by such forward-looking statements are discussed in our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2025 filed with the Securities and Exchange Commission ('SEC') and our other periodic filings with the SEC. We encourage you to read such risks in detail. The forward-looking statements in this press release represent Fubo's views as of the date of this press release. Fubo anticipates that subsequent events and developments will cause its views to change. However, while it may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. You should, therefore, not rely on these forward-looking statements as representing Fubo's views as of any date subsequent to the date of this press release.
