Apollo Reaches £4.5 Billion Bond Deal for EDF's UK Nuclear Plant
Apollo Global Management Inc. agreed to help Electricite de France SA raise as much as £4.5 billion ($6.1 billion) in private bond placements to fund the construction of the Hinkley Point C nuclear power plant and other investments in the UK.
The bonds will be offered in as many as three tranches, each with a maximum maturity of twelve years, EDF said in statement Friday. The first, for a total of £1.5 billion, will be issued on June 26, while EDF has an option of two other placements in 2026 and 2027.
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Forbes
33 minutes ago
- Forbes
Jeff Bezos' Reportedly Marries Lauren Sanchez Next Week: What We Know About Venice Extravaganza
Amazon founder Jeff Bezos and former journalist Lauren Sánchez will reportedly get hitched next week in what is expected to be an opulent and controversial ceremony hosted in Venice, Italy, reportedly costing millions of dollars and mostly kept under wraps. Bezos and Sánchez will reportedly tie the knot this month. (Photo by Taylor Hill/FilmMagic) FilmMagic Many details reported about the wedding are speculative, though Venice mayor Luigi Brugnaro confirmed the event will take place in the floating city, telling Italian daily newspaper Corriere della Sera the wedding 'will have economic repercussions worth millions of euros for our city.' The wedding will be a 'multiday celebration,' according to The Wall Street Journal, noting the cost of the wedding will reach into the millions. Get Forbes Breaking News Text Alerts : We're launching text message alerts so you'll always know the biggest stories shaping the day's headlines. Text 'Alerts' to (201) 335-0739 or sign up here . Bezos and Sánchez are reportedly getting married on a Venetian island, according to the Journal. The geography of the small city is spread out across over 110 small islands, with the historical center taking up approximately two square miles. However, a spokesperson for Brugnaro told CNN in March the wedding will take place on Bezos' $500 million superyacht known as the Koru. The Koru is a 417-foot sailing yacht, the second-largest of its kind in the world, meaning it would need to be anchored away from Venice's Grand Canal due to its size. Conversely, 'No Space for Bezos,' a local group protesting the event, has said the wedding will take place in the historic Church of the Abbey of Misericordia, according to the BBC. Some locals in Venice, which has dealt with overtourism that has strained the city's infrastructure and services for years, will protest the wedding over concerns its scale will worsen some of the issues created by excessive tourist crowds. Activists have organized a 'No Space for Bezos' campaign opposing the wedding, posting banners and stickers throughout the city. Federica Toninelli, a Venetian activist with 'No Space for Bezos,' told Reuters the wedding is also a 'symbol of the exploitation of the city by outsiders.' Protesters have threatened to block access to canals and city streets in an effort to block wedding attendees from reaching party venues in the city, according to Variety. Another protester told The Independent allowing the wedding to proceed creates the idea 'a city can be sold to the highest bidder with the most money.' Brugnaro has spoken out against the protesters and tried to reassure them the city is capable of handling the event, citing its hosting of the Venice Film Festival and G7 Summit. Brugnaro said he was 'ashamed of those who behave like this,' Variety reported. Protest organizers have criticized Brugnaro, insisting demonstrations will be peaceful. How Many People Are Attending The Wedding And Who Is On The Guest List? Venice officials have said the guest list for Bezos and Sánchez's wedding is limited to 200 people. It is not known for certain who will be attending the wedding, but TMZ reported a handful of celebrities received invites including Eva Longoria, Katy Perry and Orlando Bloom, Oprah Winfrey, Gayle King, Kris Jenner, Kim Kardashian and Jewel Kilcher, noting Ivanka Trump and Jared Kushner, in addition to Karlie Kloss and husband Joshua Kushner also made the list. Many people on the purported list, such as Longoria and Perry, are friends with Bezos and/or Sánchez. Guests who attended Sánchez's bachelorette party in Paris in May included Jenner, Kardashian, Perry, Longoria, entrepreneur Elsa Marie Collins, philanthropist Natasha Poonawalla and Fox Sports host Charissa Thompson. When Is The Wedding? The wedding will take place from June 24 to June 26, CNN reported, citing Brugnaro's spokesperson, though some reports have claimed a June 26 to June 29 celebration. How Much Will The Wedding Cost? Multiple reports have said the wedding will predictably cost millions of dollars. The Journal reported a luxury wedding with 200 guests such as Bezos' costs about $4 million, citing Jamie Simon, director of events at luxury planning firm Banana Split, which organized the multiday wedding between Sofia Richie Grainge and Atlantic Records CEO Elliot Grainge in 2023. The Journal reported Lanza & Baucina, a London-based group that planned George and Amal Clooney's 2014 wedding in Venice, has been hired by Bezos and Sánchez. A representative for the group told the Journal its principles and the instructions of Bezos call for the 'minimizing of any disruption to the city, the respect for its residents and institutions and the overwhelming employment of locals in the crafting of the events.' Forbes Valuation We estimate Bezos' net worth at $225 billion as of Friday, making him the fourth-wealthiest person in the world behind Mark Zuckerberg ($236.5 billion), Larry Ellison ($251.9 billion) and Elon Musk ($407.4 billion), Key Background Bezos and Sánchez met almost ten years ago and began making public appearances together around 2019, when the two began dating. They became engaged in 2023 aboard the Koru superyacht, with Bezos offering Sánchez a 30-carat cushion cut pink diamond set in platinum, according to Vanity Fair. The couple's upcoming wedding in Venice is not unprecedented, as the floating city also hosted the wedding of George and Amal Clooney in 2014, when the two tied the knot at the Venice Town Hall. The wedding had a generally positive perception, with locals lauding Clooney for his consideration and respect for Venice. Venice Residents Protest Entry Fee For Tourists Amid Concerns City Will Turn Into A 'Theme Park' (Forbes)
Associated Press
36 minutes ago
- Associated Press
Olympic leader Bach's $350,000 pay package in 2024 trails far behind soccer's elected leaders
Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] GENEVA (AP) — The International Olympic Committee paid its president Thomas Bach $350,000 in income and expenses in 2024, his final full year in office. The sum included a salary-like payment — or 'indemnity' in Olympic language — of 275,000 euros ($317,000), according to its annual report Friday. That is a relatively small figure compared to soccer bodies that, like the IOC, are based in Switzerland and count annual revenue in billions. Bach on Monday will formally hand over to president-elect Kirsty Coventry , who will start an eight-year initial term as the Olympic body's first female leader, and first from Africa. The IOC has classed the 71-year-old Bach as a volunteer on a full-time executive mission who 'should not have to finance activities related to his function from his personal savings.' Bach's earnings were less than 10% of what soccer gives its top elected officials. FIFA paid its president Gianni Infantino $5.2 million in taxable salary and bonus last year, plus other expenses. He is also among the 109 IOC members and can claim $7,000 each year for office costs and $450 daily allowance when on Olympic business. UEFA president Aleksander Čeferin received almost $4.3 million in taxable income last year, including $300,000 from FIFA as one of its vice presidents. It is unclear if the 41-year-old Coventry will be a salaried president of the IOC instead of officially a volunteer. The two-time Olympic champion in swimming left her job as sports minister of Zimbabwe after winning the seven-candidate IOC election in March. The presidential indemnity likely will be reviewed later this year, the IOC said Friday. Bach's annual payment has been decided by the IOC's ethics commission on the stated principle 'the president should not financially benefit from his position.' The German lawyer held a series of business consultancies and board of director seats before being elected in 2013 to lead the IOC. The IOC paid Bach 225,000 euros ($259,000) in 2020. It rose to 275,000 euros ($317,000) in the year of his re-election, 2021, then was frozen for the rest of his second term of four years until reaching the maximum 12 years in office. International sports bodies have typically published details of leadership pay as part of governance reforms, particularly after corruption scandals in soccer. ___ AP Olympics:
CNET
an hour ago
- CNET
Today's NYT Connections Hints, Answers for June 21, #741
Looking for the most recent Connections answers? Click here for today's Connections hints, as well as our daily answers and hints for The New York Times Mini Crossword, Wordle, Connections: Sports Edition and Strands puzzles. Today's NYT Connections puzzle has a real puzzler of a purple category. If you know your global geography and enjoy wordplay, this is your day. Read on for clues and today's Connections answers. The Times now has a Connections Bot, like the one for Wordle. Go there after you play to receive a numeric score and to have the program analyze your answers. Players who are registered with the Times Games section can now nerd out by following their progress, including number of puzzles completed, win rate, number of times they nabbed a perfect score and their win streak. Read more: Hints, Tips and Strategies to Help You Win at NYT Connections Every Time Hints for today's Connections groups Here are four hints for the groupings in today's Connections puzzle, ranked from the easiest yellow group to the tough (and sometimes bizarre) purple group. Yellow group hint: Like a chonky cat. Green group hint: Business. Blue group hint: Washington state fruit. Purple group hint: Nation names. Answers for today's Connections groups Yellow group: Stocky Green group: Company Blue group: Apple products Purple group: Starts of European countries Read more: Wordle Cheat Sheet: Here Are the Most Popular Letters Used in English Words What are today's Connections answers? The completed NYT Connections puzzle for June 21, 2025, #741. NYT/Screenshot by CNET The yellow words in today's Connections The theme is stocky. The four answers are solid, squat, stout and thick. The green words in today's Connections The theme is company. The four answers are concern, firm, house and outfit. The blue words in today's Connections The theme is apple products. The four answers are brandy, butter, cider and sauce. The purple words in today's Connections The theme is starts of European countries. The four answers are germ, luxe, malt and port. Germ = Germany Luxe = Luxembourg Malt = Malta Port = Portugal
