HSBC Renews Hunt for Chair Amid Struggle to Fill Shortlist, FT Says
The bank has been seeking a replacement for Mark Tucker, who announced earlier this year that he will stand down by the end of 2025. Tucker has presided over a turbulent tenure marked by multiple changes of the chief executive, a clash with one of the bank's largest shareholders and a public slap down from the US government.
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Their families fled the Nazis. Facing Trump, US Jews are making Germany ‘Plan B'
Germany is making it easier for the descendants of victims of Nazism to obtain German citizenship, and an increasing number of American Jews are applying. While some are seeking citizenship for practical reasons or as a form of reparation, others see it as a way to escape an increasingly anti-Semitic America under US President Donald Trump. Joe Sacks, a high school science teacher in Washington, DC, has begun the process of obtaining German citizenship. He is one of hundreds of Jewish Americans looking to reclaim German citizenship after their families fled the Nazis. "You click 'Yes, I'm Jewish' on the German form and send it to the German government,' he told NPR in an interview last month. 'It's wild.' Among the hundreds of Jewish-American applicants seeking German citizenship, many cite practical reasons like easier travel or opportunities in Europe. Others say they want to have a 'Plan B' in today's tense political climate. But for many, it is a decision taken with a heavy heart. A growing trend Trump's attempts to demonize and scapegoat segments of the population – notably immigrants, 'elite' institutions like universities as well as the media – are uncomfortable echoes of 1930s prewar Germany. His insistence on abject loyalty and taking control of state, independent and cultural institutions to serve his own ends have drawn comparisons to fascist and autocratic regimes. And more than one former Trump adviser has publicly made a Nazi salute – in one case, prompting a French far-right leader to cancel a planned US speech. Read moreWhat parallels do historians see between the Trump administration and the Nazi regime? The United States is also experiencing a surge in hate crime and xenophobic speech. "This rise of authoritarianism just parallels the rise of Hitler,' Eric Podietz, a retired, Philadelphia-based IT consultant who has applied for German citizenship, told NPR. "The squelching of speech and the academic institutions being compromised. The signs are there. It's happening." Podietz's mother fled Germany when she was a child in the late 1930s. Like Sacks, he isn't planning to move, but is increasingly worried by the political rhetoric in the United States that he says harks back to that heard in Germany before his family was forced to flee. At a ceremony held in July 2024 at the German consulate in New York, 82 Holocaust survivors, along with their children and grandchildren, became German citizens. "We've seen an upward trend since 2017, when Donald Trump [first] became president,' David Gill, Germany's then consul general in New York, told the German news program Tagesschau, which covered the event. And the numbers only continue to increase. The New York consulate received 350 applications in 2016 versus 1,500 in 2024, which resulted in 700 naturalizations, according to the German Consulate General NY Instagram account. Streamlined procedure The German constitution granted citizenship to former German citizens who were persecuted by the Nazis and their descendants back in 1949. But for years, difficult legal requirements prevented many applicants from taking advantage. Some were denied German citizenship because their ancestors had adopted another nationality before their German citizenship was officially revoked. Individuals born before April 1, 1953, could only obtain citizenship if they were able to prove that their father had been stripped of German nationality – citizenship having been stripped from the mother was not enough. Germany addressed these problems and others beginning in 2021, significantly simplifying the citizenship process. Anyone applying now can rely on proof obtained on the maternal side, and no longer need to prove they can support themselves financially. Applicants just need to prove that their ancestors were persecuted in Germany between 1933 and 1945, or that they belonged to a targeted group like Jews or Roma, political dissidents or the mentally ill. Although the application process is free of charge, finding old documents to prove family links can be a major hurdle, said Marius Tollenaere, a partner at Frankfurt-based immigration law firm Fragomen, in comments to CNN. The applications must also be submitted in German. Reluctance from some families All four of Scott Mayerowitz's grandparents were forced to flee Germany in the 1930s. He grew up in New Jersey with parents who refused to buy any German-made products or drive a German car. The decision to apply for citizenship from the country that had caused his family so much pain was a weighty one. His mother Susan agreed to gather the necessary documents, albeit reluctantly. 'My parents must be turning over in their graves,' she told CNN. Mayerowitz convinced his mother by pointing out the practical benefits, including the work and educational opportunities the EU could offer his own daughter. 'And finally, I said if for some reason she one day needed to flee the US for persecution, this opened up a lot more doors,' he told the network. Arlington resident Anne Barnett had a similar experience with her mother, who was initially upset that she wanted citizenship from the country that had exterminated so much of her family. She came around eventually, Barnett told CNN. Unfortunately, what convinced her was the increasing anti-Semitism in the United States. Travel writer Erin Levi of Connecticut also made the move to obtain German citizenship after she found her grandfather's US alien ID card, which was stamped '1942' and had Germany as his country of citizenship. Eighty years after the end of World War II, Levi told CNN she feels safer in Germany than in other countries where anti-Semitism is on the rise. 'I think Germany has become such a strong ally and supporter of Israel. It's incredible to see the responsibility they've taken for the atrocities they committed. There aren't that many other countries that have,' she said. Turning the Page Steve North made the decision to apply for German citizenship in 2020 out of fear that Trump would be re-elected. North, a writer for the Jewish Telegraphic Agency, recalled an emotional exchange with former consul general Gill, who handed him his naturalization papers. To his surprise, Gill said that giving him his papers 'feels wonderful, because we Germans get part of our history back', North wrote for the agency. ''It reminds us how much knowledge and wisdom was lost by expelling and murdering the Jews.' Gill went on to describe handing naturalization papers to a 97-year-old woman from Hamburg who said the process gave her closure, and of repatriating a 95-year-old man who told him, 'the Germany of today is a Germany I feel comfortable with'. While North isn't planning on leaving the United States just yet, he is keeping his options open. '[T]he unthinkable happened in a supposedly civilized country in modern times, and it would be foolish to disregard the possibility of history repeating itself here, given the Jew-hatred we constantly see expressed on both the extreme right and left of the American political spectrum,' he wrote.
Yahoo
12 minutes ago
- Yahoo
Wolters Kluwer's (AMS:WKL) Dividend Will Be €0.93
Wolters Kluwer N.V. (AMS:WKL) has announced that it will pay a dividend of €0.93 per share on the 18th of September. Despite this raise, the dividend yield of 1.8% is only a modest boost to shareholder returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Wolters Kluwer's Future Dividend Projections Appear Well Covered By Earnings Even a low dividend yield can be attractive if it is sustained for years on end. The last dividend was quite easily covered by Wolters Kluwer's earnings. This indicates that quite a large proportion of earnings is being invested back into the business. Over the next year, EPS is forecast to expand by 29.3%. If the dividend continues along recent trends, we estimate the payout ratio will be 43%, which is in the range that makes us comfortable with the sustainability of the dividend. See our latest analysis for Wolters Kluwer Dividend Volatility The company's dividend history has been marked by instability, with at least one cut in the last 10 years. The dividend has gone from an annual total of €0.71 in 2015 to the most recent total annual payment of €2.33. This implies that the company grew its distributions at a yearly rate of about 13% over that duration. Wolters Kluwer has grown distributions at a rapid rate despite cutting the dividend at least once in the past. Companies that cut once often cut again, so we would be cautious about buying this stock solely for the dividend income. The Dividend Looks Likely To Grow With a relatively unstable dividend, it's even more important to see if earnings per share is growing. It's encouraging to see that Wolters Kluwer has been growing its earnings per share at 12% a year over the past five years. Shareholders are getting plenty of the earnings returned to them, which combined with strong growth makes this quite appealing. We Really Like Wolters Kluwer's Dividend Overall, we think this could be an attractive income stock, and it is only getting better by paying a higher dividend this year. The company is easily earning enough to cover its dividend payments and it is great to see that these earnings are being translated into cash flow. All in all, this checks a lot of the boxes we look for when choosing an income stock. Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. However, there are other things to consider for investors when analysing stock performance. Taking the debate a bit further, we've identified 1 warning sign for Wolters Kluwer that investors need to be conscious of moving forward. Is Wolters Kluwer not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 minutes ago
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£600m+ Adidas deal sets up STUNNING Alexander Isak signing
Liverpool's new 10-year kit deal with Adidas is finally up and running. The Reds - from August 1 - will be outfitted by the German sportswear giants. Adidas takes over from Nike - who have supplied Liverpool's kit and apparel over the last five years. The Nike deal was valued at a base £30m per annum - with Liverpool enjoying a reported 20 percent royalties from replica kit sales and other merchandise. Shop the LFC Store LFC x adidas Shop the home range today! LFC x adidas Shop the goalkeeper range today LFC x adidas Shop the new adidas range today! The basic Adidas deal represents a SUBSTANTIAL increase in basic income from the club's main kit supplier. Adidas paying even MORE than £60m For starters it's believed Liverpool stand to benefit by FAR more than the initial £60m per year which has been reported. And the deal lasts 10 years - providing a guaranteed income stream worth over £600m stretching into the decade ahead. Factor in the sales and performance bonuses and you can see how lucrative this tie-up will end up being. Liverpool will now be better able to forecast budgets in the seasons ahead - as well as remain in line with PSR obligations. And the way that transfers are accounted for in the club's books could also mean that this Adidas deal proves VERY useful in the chase for Alexander Isak. © LFC Isak could cost only £30m a year So-called transfer amortisation means that a deal worth £150m - for example - would only impact accounts by £30m per year over a five-year contract. Given that Liverpool have guaranteed themselves a minimum £30m uplift per annum simply by switching from Nike to Adidas, the benefits of this kit deal alone could pay Isak's British record transfer fee of £150m. Isak a flagship Adidas player And don't forget Isak's long-standing relationship with Adidas football. He has been wearing Adidas boots since his days as a teenager back at AIK. The 25-year-old has featured prominently in Adidas promotional campaigns - for Newcastle and through personal endorsements. If he moves to Liverpool he will be joining one of the biggest attractions in the football world - meaning a huge opportunity exists for mutually beneficial marketing deals.
