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☆ European stocks set to open higher, reflecting wider optimism in global markets
▼ + stars: | 2024-05-07 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a positive start to trading Tuesday as traders look ahead to a busy day of earnings reports in the region. BP, S4 Capital, Siemens Healthineers, Deutsche Post, Infineon, Bouygues, UBS, Adecco, Banco de Sabadell and Unicredit are among the companies reporting earnings Tuesday. Overnight, U.S. stock futures flickered near the flatline Monday evening after the Dow Jones Industrial Average wrapped its fourth positive day in a row. Asia-Pacific markets climbed overnight, extending gains from the previous session and buoyed by gains on Wall Street.

Organizations: S4 Capital, Siemens Healthineers, Deutsche Post, Infineon, Bouygues, UBS, Adecco, Banco de Sabadell, Dow Jones Locations: Asia, Pacific

☆ Morning Bid: Yield curve control morphs
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +3 min

It will keep buying bonds, but time will tell whether and how tenaciously it will impede yields rising beyond 1%. After touching an almost 10-year low in morning trade, Japanese government bond futures rallied following the announcement. For the meantime the sense that some sort of anchor remains also spread some cheer to Treasury trade, sparking a brief rally. Falls in Hong Kong and Shanghai led MSCI's broadest index of Asia-Pacific shares outside Japan 0.9% lower (.MIAPJ0000PUS). Meanwhile, outside of markets, Hamas said its militants fired anti-tank missiles at Israel's invading forces in Gaza early on Tuesday as the conflict intensified.

Persons: Tom Westbrook, DAOU, Christopher Cushing Organizations: REUTERS, Staff, Bank of Japan, Nikkei, Treasury, Bond, Federal Reserve, U.S . Treasury Department, Samsung Electronics, Brookfield consortium, Treasury Wine Estates, Anheuser, Busch Inbev, Bouygues, BASF, BP, Pfizer, Caterpillar, Thomson Locations: Frankfurt, Germany, U.S, Europe, Asia, Falls, Hong Kong, Shanghai, Pacific, Japan, Australia, Gaza

☆ Altice’s beaten-up debt is only a bet for the bold
▼ + stars: | 2023-08-08 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +6 min

REUTERS/Violeta Santos MouraLONDON, Aug 8 (Reuters Breakingviews) - Altice’s debt is a bet for the bold. Patrick Drahi’s telecoms group is sitting on a $60 billion debt burden, and faces rising borrowing costs and a corruption investigation. Drahi will therefore need to sell assets to cut debt, which starts to come due in 2025. Both Altice France and Altice International are trying to sell their data centre businesses, which could raise some 700 million euros, bankers say. Yet Altice France alone has some $19 billion of debt coming due by 2029.

Persons: Patrick Drahi, Violeta Santos Moura, Patrick Drahi’s, Drahi –, Armando Pereira, Altice, Drahi, “, ”, Pereira, Xavier Niel’s, Manuel Magalhaes e Silva, Altice International’s, Alexandre Fonseca, Neil Unmack, Oliver Taslic Organizations: French, REUTERS, Violeta Santos Moura LONDON, Reuters, Altice USA, Altice, Bouygues Telecom, Banco Espírito Santo, Public, Thomson Locations: Paris, France, Moroccan, Europe, United States, Portugal, Israel, Dominican Republic, Orange, Altice France, Banco Espírito, Portuguese, New York, London

☆ Leaked audio and emails reveal how leaders at flying car startup Kittyhawk scrambled to execute orders when Larry Page returned, and told workers to 'drink the Kool-Aid'
▼ + stars: | 2023-05-17 | by ( Hugh Langley | ) www.businessinsider.com time to read: +10 min

Google cofounder Larry Page took back control of his flying-car company Kittyhawk last year. One employee told Anderson it would take three weeks to get ahold of one particular component they needed. "When I told [Larry] three weeks, he was not sympathetic and immediately told me I was wrong," Anderson said. I don't know that you're wrong, but Larry Page tells me you're wrong. "Please ignore Doug's email," Thrun responded in a follow-up email to the company.

Europe has nearly half a million telecom towers and most of them have battery backups that last around 30 minutes to run the mobile antennas. Swedish telecom regulator PTS is working with telecom operators and other government agencies to find solutions, it said. The telecom operators are also working with national governments to check if plans are in place to maintain critical services. Deutsche Telekom (DTEGn.DE) will use mobile emergency power systems which mainly rely on diesel in the event of prolonged power failures, it said. France has about 62,000 mobile towers, and the industry will not be able to equip all antennas with new batteries, the FFT's president Liza Bellulo said.

☆ EXCLUSIVE With eye on Big Tech, energy crisis, EU telcos call for shared network costs
▼ + stars: | 2022-09-26 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

REUTERS/Wolfgang Rattay/BRUSSELS, Sept 26 (Reuters) - Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC) and 13 other European telecoms providers on Monday made their strongest push for Big Tech to share network costs, citing the energy crisis and EU climate change goals. Register now for FREE unlimited access to Reuters.com Register"Costs of planning and construction works are increasing. Similarly, the hikes in energy prices and in the prices of other inputs are also hitting the connectivity sector," they said. Big Tech has rebuffed such requests, saying they are already investing in equipment and technologies to deliver content more efficiently. ($1 = 1.0301 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Foo Yun Chee;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

BERLIN/FRANKFURT, Sept 22 (Reuters) - Initial offers for RTL's 48% stake in French TV channel M6 are expected by Friday after a failed tie-up with France's TF1 broadcaster, a person familiar with the matter said. RTL has been "inundated" with expressions of interest in the M6 stake since TF1 and M6 called off their planned merger last week, its boss Thomas Rabe told the Financial Times on Thursday. Other potential buyers include French media group Vivendi (VIV.PA) and Altice, owned by billionaire Patrick Drahi, alongside Italian media conglomerate MediaForEurope (MFE), Reuters reported on Monday. If RTL wants to sell M6, a deal must be completed by spring 2023, because M6's broadcasting license comes up for renewal in May. In March 2021, when Bertelsmann confirmed talks to sell its stake, French media reported the RTL's stake was worth 1.5 billion euros ($1.48 billion), valuing all of M6 at around 3 billion euros.

☆ Collapsed French merger sends bad TV signal
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

Logos of French television networks TF1 and LCI are seen at the Boulogne-Billancourt headquarters, near Paris, France, April 18, 2016. REUTERS/Charles PlatiauMILAN, Sept 19 (Reuters Breakingviews) - A French attempt to join forces against video streaming giant Netflix (NFLX.O) has fallen flat. “Top Chef” channel M6 (MMTP.PA), controlled by Germany’s RTL (AUDK.LU), and Bouygues-backed (BOUY.PA) rival TF1 (TFFP.PA) announced in May 2021 they were planning a merger. With 3.4 billion euros of combined revenue, the tie-up was meant to create a French TV leader. The failed merger is a bad signal for European broadcasters.

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