Author: Press Room

Brookfield has put UK holiday resort Center Parcs up for sale, in a deal that will test investors’ willingness to bet on an economy hit by high inflation and rising interest rates.The Canadian private equity group is seeking between £4bn and £5bn for Center Parcs, according to people familiar with the matter, after examining an exit from the investment in recent months.The decision to go ahead with the sale marks a bold move for Brookfield as the UK faces falling property values and higher interest rates. But a sale could potentially net a windfall for Brookfield, which acquired the resort…

Source: AdobeStock / gustavofrazaoCrypto companies are increasingly turning away from the US in search of clear digital asset regulations, and some of the major companies are finding a home in Bermuda. Still, some experts warn that this may be a short-term solution as the issues in the land of the free are not getting fixed. One of the biggest crypto companies recently revealed its Bermuda arm. In April, Coinbase announced that it got a license under the Digital Asset Business Act from the Bermuda Monetary Authority (BMA), stating that,”Bermuda was one of the first financial centers to pass comprehensive digital assets…

Vice Media offices display the Vice logo in Venice, California.Mario Tama | Getty ImagesOnce a digital media darling, Vice Media Group on Monday filed for bankruptcy protection after years of financial troubles.A consortium of Vice’s lenders which includes Fortress Investment, Soros Fund Management and Monroe Capital is looking to acquire the company following the filing.The digital media trailblazer, once valued at $5.7 billion and known for sites including Vice and Motherboard, had been restructuring and cutting jobs across its global news business over recent months.The group set to buy the company will provide $225 million in the form of a…

President John Adams moved the federal government from Philadelphia to Washington, D.C., on this day in history, May 15, 1800.The move was completed relatively quickly, according to History.com, with important documents brought to Washington by ships.Adams had ordered his cabinet to ensure every office would be operating as usual in Washington, D.C., within one month, noted the same source.ON THIS DAY IN HISTORY, MAY 14, 1973, SKYLAB, THE FIRST US SPACE STATION, IS LAUNCHEDThis happened as planned — and Philadelphia “officially ceased to serve as the nation’s capital as of June 11, 1800.” The move was swift due in part to…

“Succession” star Jeremy Strong – CBS News Watch CBS News The actor who won an Emmy for his portrayal of the scion of a media empire family in “Succession” says his own upbringing contained none of the resentments that play out in the HBO series (now completing its fourth and final season). Jeremy Strong talks with “Sunday Morning” contributor Ben Mankiewicz about finding himself on the stage, and of – finally – letting go of Kendall Roy. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

The Vegas Golden Knights are back in familiar territory in the Western Conference final.Jonathan Marchessault scored three goals for his second career postseason hat trick as the Golden Knights beat the Edmonton Oilers 5-2 in Game 6 of their second-round series on Sunday night to reach the semifinal round for the fourth time in the franchise’s six-year history.”We’re only halfway done to our goal here,” Marchessault said. “We’re going to keep going until our organization, we win the ultimate goal. Tonight is just one step in the right direction.” Vegas Golden Knights’ William Karlsson (71) scores an empty net goal…

72-year-old congressman pursuing master’s degree to better understand AI – CBS News Watch CBS News At age 72, U.S. Rep. Don Beyer of Virginia is back in school and pursuing a master’s degree. He hopes to gain a better understanding of AI to help craft better laws surrounding the emerging technology. Scott MacFarlane has the story. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On

“No.”It’s one of the dirtiest words in hospitality — and travelers may be hearing it more these days.The travel agency Discover Africa had to say it when potential clients asked if their young son could ride a lion while on safari.”When we said no to riding a lion, the guest asked what other wild animals he could ride,” said Susan Swanepoel, a senior travel consultant at Discover Africa. “I reminded them that they were wild animals, and there was no possibility of this happening.”In the end, she said, the travelers decided not to travel with the company, saying “they were…

Ukraine hails the advance of troops in Bakhmut as Zelenskyy meets European leaders to drum up more military support.

A man has been found dead after spending four days in the remote outback without food and water while his partner walked to find help.It is understood the pair broke down in bush near Cane, south east of Onslow, after setting off on a camping trip on Sunday.