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☆ Meet the executive who found his calling in Singapore restoring hearing for millions
▼ + stars: | 2024-03-25 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

He runs manufacturing operations at WS Audiology, a global leader in the hearing aid industry. During my recent visit to WSA's regional headquarters in Singapore, I met with Marcin Dabrowski, director of manufacturing. In 2019, he jumped at the opportunity to join hearing aid manufacturing at the WSA Singapore headquarters, where he also relocated with his family. Starting as a senior manager, he quickly rose to a position overseeing manufacturing operations at the Singapore facility, where he manages WSA's global product volume. He's immensely proud of the awareness his work and WSA's mission have brought to the millions of people worldwide facing hearing loss.

Persons: Marcin Dabrowski, Kris LeBoutillier, he's, Dabrowski Organizations: WS Audiology, WSA, WSA Singapore, Changi, ExploreAI, Insider Studios, Singapore Economic Development Board Locations: Poland, Singapore, Asia, Denmark, Germany, Asia Pacific, Philippines

☆ Germany Attractive for Skilled Workers Despite Discrimination - OECD
▼ + stars: | 2024-01-31 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Germany is still an attractive destination for skilled workers from abroad, although migrants report racism and discrimination in everyday life, the Organisation for Economic Cooperation and Development (OECD) said on Wednesday. Having tracked the careers of 30,000 highly qualified people who wanted to come to Germany as migrant workers since August 2022, their willingness to move to the country had increased rather than decreased over the time, the OECD said. Some 92% of participants in its poll lived abroad and were still interested in moving to Germany, it added. However, people who had already moved to Germany reported more discrimination than expected before the move. "Experiences of discrimination are reported, especially when looking for accommodation and in public," the OECD's Thomas Liebig said.

Persons: Thomas Liebig, Holger Hansen, Bartosz Dabrowski, Rachel More Organizations: Reuters, Organisation for Economic Cooperation, Development, OECD Locations: Germany

☆ Doubles powerhouse Krejcikova, Siniakova part ways
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +1 min

Tennis - Billie Jean King Cup Finals - Estadio de La Cartuja, Seville, Spain - November 11, 2023 Canada's Gabriela Dabrowski and Leylah Fernandez celebrate after winning their doubles match against Czech Republic's Barbora Krejcikova and Katerina Siniakova REUTERS/Marcelo Del Pozo Acquire Licensing RightsNov 12 (Reuters) - Dynamic Czech duo Barbora Krejcikova and Katerina Siniakova will not play doubles together during the 2024 season, the WTA said on its website on Sunday, pausing their hugely successful partnership after collecting seven Grand Slam titles together. The pair won in San Diego in September but lost to Canadians Gabriela Dabrowski and Leylah Fernandez at the Billie Jean King Cup this weekend. Siniakova initiated the split after an injury-marred 2023, according to media reports, but did not rule out a potential reunion. The Olympic doubles champions picked up their seventh Grand Slam title at the Australian Open this year. Reporting by Amy Tennery in New York; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Billie Jean King, Canada's Gabriela Dabrowski, Leylah Fernandez, Krejcikova, Katerina Siniakova REUTERS, Marcelo Del Pozo, Barbora Krejcikova, Katerina Siniakova, Gabriela Dabrowski, Siniakova, Amy Tennery, Ken Ferris Organizations: La, Czech, WTA, Thomson Locations: Seville, Spain, San Diego, New York

☆ Fernandez seals Canada's first BJK Cup title
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +3 min

After the 21-year-old converted match point the Canadian team celebrated wildly on court in front of their jubilant fans. It was then over to Fernandez who duly claimed her fourth singles win of the week by outclassing Paolini. Canada's team will receive $2.4 million in prize money -- a record for the women's team event formerly known as the Fed Cup. "Congratulations to Canada for capturing their first Billie Jean King Cup title," King said. Canada are the 13th nation to win the Billie Jean King Cup and the second new champions in two years following Switzerland’s triumph in Glasgow 12 months ago.

Persons: Billie Jean King, Marina Stakusic, Italy's Martina Trevisan, Marcelo Del Pozo, Leylah Fernandez, Jasmine Paolini, Heidi El Tabakh, Martina Trevisan, Trevisan, Stakusic, Fernandez, outclassing Paolini, Marketa Vondrousova, Gabriela Dabrowski, Barbora Krejcikova, Katerina Siniakova, American King, King, Martyn Herman, Hugh Lawson, Ken Ferris Organizations: La, U.S ., WTA, Wimbledon, Fed, Billie Jean King Cup, Thomson Locations: Seville, Spain, SEVILLE, Canada, Italy, Czech Republic, Czech, American, Glasgow

☆ WTA roundup: Elise Mertens upends top seed to win in Tunisia
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +2 min

Mertens, of Belgium, didn't drop a set all week on her way to her eighth career singles title. Jiangxi OpenKaterina Siniakova overcame three match points, seven double faults and a first-set thumping to defeat third-seeded Marie Bouzkova to win the all-Czech final 1-6, 7-6 (5), 7-6 (4) in Nanchang, China. The match between the countrywomen lasted three hours, 33 minutes, making it the longest WTA final in 2023. Transylvania OpenTamara Korpatsch of Germany won her first career WTA title, defeating home-country favorite 6-3, 6-4 in Cluj-Napoca, Romania. It was the first tour final for the 28-year-old Korpatsch, who needed one hour, 52 minutes to get the win.

Persons: Storm Hunter, Belgium's Elise Mertens, Canada's Gabriela Dabrowski, Erin Routliffe REUTERS, Henry, Elise Mertens, Jasmine Paolini, Mertens, Katerina Siniakova, Marie Bouzkova, Siniakova, Bouzkova, Tamara Korpatsch, Ruse, Korpatsch Organizations: Panamerican Tennis Center, Storm, Monastir, Jiangxi, WTA, Germany, Ruse, Thomson Locations: Guadalajara, Mexico, Jasmin, Italy, Tunisia, Belgium, Nanchang, China, Cluj, Napoca, Romania

☆ Dabrowski and Routliffe win U.S. Open women's doubles title
▼ + stars: | 2023-09-10 | by ( ) www.reuters.com time to read: +2 min

Dabrowski and Routliffe, who began their partnership just last month, saved eight of the nine break points they faced during a match that lasted two hours, 14 minutes. It marked the first Grand Slam title for Routliffe, who previously represented Canada, and third for Dabrowski following the mixed doubles titles she won at the 2017 French Open and 2018 Australian Open. She really took a chance on me and I really appreciate it and love her for it," Routliffe said during their on-court interview. Siegemund and Zvonareva, who won the 2020 U.S. Open women's doubles competition, failed to convert any of the five break point opportunities they had in a tightly-contested first set that required a drama-filled tiebreaker. "I'm really, really proud of the way that we've stood by each other through thick and thin the last two weeks.

Persons: Erin Routliffe, Canada's Gabriela Dabrowski, Germany's Laura Siegemund, Russia's Vera Zvonareva, Mike Segar, Gabriela Dabrowski, New Zealander Erin Routliffe, Laura Siegemund, Dabrowski, Routliffe, Gabby, Siegemund, Zvonareva, Erin, we've, Frank Pingue, Clare Fallon Organizations: Tennis, Russia's Vera Zvonareva REUTERS, New Zealander, U.S, Thomson Locations: Flushing Meadows , New York, United States, Germany, Canada, Canadian, Montreal, Toronto

☆ Germany's Scholz publicly backs Biden over Trump for re-election
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +1 min

BERLIN, May 22 (Reuters) - German Chancellor Olaf Scholz on Monday said he prefers U.S. President Joe Biden to his predecessor, Donald Trump, and hoped Biden would be re-elected for a second term in office. Addressing pupils at a primary school close to Berlin, Scholz accused Trump of being divisive and that he would be bad not only for the United States but also for Germany. Responding to a pupil's question, Scholz said: "I think the current president is better, so I want him to be re-elected." Biden's many years of public service mean he knows exactly "what you have to do to prevent the world from going to war," Scholz said. Recent polls show Biden with an edge over potential Republican challengers Donald Trump and Ron DeSantis as the November 2024 U.S. presidential election draws closer.

☆ VW completes sale of Kaluga plant in Russia
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +1 min

Companies Volkswagen AG FollowBERLIN, May 19 (Reuters) - Volkswagen (VOWG_p.DE) has completed the sale of its Kaluga production plant in Russia and its local subsidiaries, the German carmaker said on Friday, ending months of wrangling with Russian authorities over the deal. Volkswagen has sold its shares in Volkswagen Group Rus LLC to Art-Finance LLC, which is supported by autodealer group Avilon, VW said in a statement. Volkswagen is pictured during the 63rd Annual General Meeting of Volkswagen AG in Berlin, Germany May 10, 2023. According to a source familiar with the matter, the deal is valued at 125 million euros ($138 million). Work at the plant in Kaluga, south of Moscow, has been furloughed since March 2022 due to Russia's invasion of Ukraine, which prompted Western countries to sanction Moscow leading to a breakdown in supply chains.

☆ German cabinet publishes draft legislation on new citizenship rules
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

May 19 (Reuters) - Germany's interior ministry published draft legislation aimed at making it easier for people to apply for citizenship, as Berlin seeks to boost migration and open up the job market in Europe's biggest economy. The draft proposes a multiple citizenship option and cuts the required residency years before naturalization down to five or three years from the previous eight. German language requirements for citizenship would also be eased for members of the so-called "Gastarbeiter" generation, many of them Turkish, who came to Germany in the 1950s and 60s as migrant workers. At the end of 2021, around 72.4 million people with German citizenship and around 10.7 million with foreign citizenship were living in Germany, of whom around 5.7 million had been in Germany for at least 10 years. "Anyone who does not share these values or even acts contrary to them may not become a German citizen," it says.

☆ Siemens Healthineers reports lower Q2 profit, discontinues heart surgery robots business
▼ + stars: | 2023-05-10 | by ( ) www.reuters.com time to read: +1 min

May 10 (Reuters) - U.S.-German medical device maker Siemens Healthineers (SHLG.DE) on Wednesday said it is giving up part of billion-dollar acquisition Corindus' business as it reported a 30% drop in quarterly operating profit on lower contributions from COVID tests. Adjusted earnings before interest and taxes (EBIT) fell to 681 million euros ($750 million) in the January-March period, less than the 702 million expected by analysts, according to a consensus provided by the company. The group said it was discontinuing the robotic-assisted endovascular cardiology business in its Advanced Therapies segment and reported a 329-million euro writedown. Siemens Healthineers had acquired the business as part of the 1-billion-euro Corindus acquisition in 2019. This led to a 81% fall in quarterly net income, which came in at 108 million euros.

BERLIN, May 8 (Reuters) - German industrial production fell more than expected in March, partly due to a weak performance by the automotive sector, spurring again recession fears in Europe's largest economy. Production decreased by 3.4% on the previous month following a slightly revised increase of 2.1% in February, the federal statistical office said on Monday. "After a buoyant performance by industrial production at the beginning of the year, there was an unexpectedly sharp decline in March," the economics ministry said. In the first quarter, production was 2.5% higher than in the last quarter of 2022, according to the statistics office. GDP was unchanged quarter on quarter in adjusted terms in the first quarter, following a 0.5% contraction in the fourth quarter of 2022.

☆ Liechtenstein to allow payment for certain state services in Bitcoin - Handelsblatt
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +1 min

May 8 (Reuters) - Liechtenstein plans to allow Bitcoin payments for certain state services, Prime Minister Daniel Risch told the German business daily Handelsblatt in an interview. "A payment option with Bitcoin is coming," Risch said in the interview on Sunday, without giving a specific timeframe. Risch, who is also Liechtenstein's finance minister, said the country plans to accept deposits in Bitcoin and immediately exchange them for the Swiss franc, the national currency. The prime minister said there was no plan for any big risks with state money but added he was open to investing state reserves in Bitcoin in the future. The state's reserves, which are primarily invested in the capital market, currently amount to 2.23 billion Swiss francs, ($2.51 billion), Handelsblatt reported, citing the finance ministry.

☆ U.S. finishes Billie Jean King Cup qualifying unbeaten
▼ + stars: | 2023-04-16 | by ( ) www.reuters.com time to read: +4 min

Each best-of-five series consists of two singles matches on the first day, then the reverse singles matches followed by a doubles match on the second day. The doubles match pitting Juvan and Zidansek against Irina Bara and Monica Niculescu was suspended at 3-3 in the first set. Jule Niemeier posted a three-set win over Beatriz Haddad Maia, and then Anna-Lena Friedsam lost only one game in defeating Laura Pigossi. Kazakhstan's Elena Rybakina handed Poland's Magda Linette her second loss in two days to clinch the 3-1 series win in Astana, Kazakhstan. After Fernandez's three-set win over Ysaline Bonaventure, Belgium's Greet Minnen again knotted the match with a three-set win over Katherine Sebov.

April 13 (Reuters) - Swiss fragrance and flavour maker Givaudan (GIVN.S) on Thursday reported quarterly like-for-like sales slightly above expectations, with price rises helping to offset lower sales volumes in North America. Its first-quarter revenue rose 3.6% to 1.84 billion Swiss francs ($1.97 billion) on a like-for-like basis, beating the 1.80 billion francs expected by analysts in a poll compiled by the company. The sales growth was below Givaudan's mid-term target of between 4% and 5% on average, which it also reiterated. On a reported basis, sales fell 0.4% to 1.77 billion Swiss francs. Givaudan reported a 9.5% drop in like-for-like sales in North America, the only region to record a decline in the quarter.

☆ Givaudan's quarterly sales beat expectations
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +1 min

April 13 (Reuters) - Swiss fragrance and flavour maker Givaudan (GIVN.S) on Thursday reported quarterly like-for-like sales above expectations, saying it started the year with good business momentum while maintaining operations and global supply chain at a high level. Its first-quarter revenue rose 3.6% to 1.84 billion Swiss francs ($1.97 billion) on a like-for-like basis, compared with analysts' average forecast of 1.80 billion francs in a poll compiled by the company. The sales growth was below Givaudan's mid-term target of between 4% and 5% on average, which it also confirmed in the press release. On a reported basis, its sales fell 0.4% to 1.77 billion Swiss francs. Givaudan reported a 9.5% drop in like-for-like sales in North America, the only region to record a decline in the quarter.

☆ Raiffeisen stock slumps after U.S. sanctions authority asks about Russia business
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +1 min

Feb 20 (Reuters) - Shares in Raiffeisen Bank International fell more than 7% at the open on Monday after the Austrian Bank had said on Friday it had received a request for information from the United States' sanctions authority about its business related to Russia. Earlier in February, Raiffeisen reported it earned more than half of its 2022 profit from Russia, a market it is considering exiting after the country's invasion of Ukraine. RBI has operated in Russia since the collapse of the Soviet Union and is Russia's 10th-largest bank by assets. The bank's shares have fallen 19% since the start of the war in February last year. Reporting by Bartosz Dabrowski in Gdansk Editing by Paul CarrelOur Standards: The Thomson Reuters Trust Principles.

Feb 7 (Reuters) - Germany's Linde (LIN.N), on Tuesday forecast higher earnings for 2023 and said it plans to invest $7-$9 billion over the next two-to-three years in clean energy projects to benefit from demand from companies seeking to cut emissions. Chief Executive Sanjiv Lamba said on a conference call that as part of that investment, Linde plans to spend $3 billion to convert 11 to 13 existing assets to clean hydrogen. The total investment opportunity for the German company in the United States alone could exceed $30 billion over the next decade, CEO Lamba said in late 2022. It reported fourth-quarter adjusted earnings of $3.16 per share, beating analysts' $2.91 per share estimate in a Refinitiv poll. Reporting by Bartosz Dabrowski and Andrey Sychev in Gdansk; Editing by Milla Nissi and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

☆ Linde forecasts earnings growth in 2023 supported by hydrogen deals
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

Feb 7 (Reuters) - Linde (LIN.N), , the world's largest industrial gases company, forecast earnings growth for 2023 on Tuesday after better-than-expected fourth-quarter profit, boosted by clean hydrogen projects as companies seek to cut emissions. "We are well positioned to win more than our fair share of high-quality projects, primarily in clean-energy," Chief Executive Sanjiv Lamba said in an earnings statement. Linde has consistently beaten earnings estimates over the past two years, benefiting from growing hydrogen investments. The group forecast 9-12% growth in 2023 earnings per share excluding currency headwinds, also citing its balanced end-market portfolio, high network density and capital discipline. Reporting by Bartosz Dabrowski and Andrey Sychev in Gdansk; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

☆ Flavour maker Givaudan beats earnings forecasts in a tough year
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Swiss flavours and fragrances maker Givaudan is seen at its innovation center in Kemptthal, Switzerland January 10, 2020. REUTERS/Arnd Wiegmann/File PhotoJan 25 (Reuters) - Swiss fragrance and flavour maker Givaudan (GIVN.S) on Wednesday reported better-than-expected earnings for a year characterized by high input costs and supply chain disruptions. Sales increased by 5.3% on a like-for-like basis to 7.1 billion Swiss francs in 2022, while growing only 2.9% organically in the final quarter. Givaudan and Symrise are the runners-up behind IFF Inc (IFF.N) in the market share ranking for fragrances, flavours and ingredients for food and cosmetics. It confirmed its mid-term target of 4-5% average organic sales growth per year on a like-for-like basis.

☆ The soda market is flat, but not for Dr Pepper
▼ + stars: | 2022-12-28 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +8 min

And recently, Dr Pepper has been gaining ground on its competitors, even as the overall soda market goes flat. “One of the bright spots … has been Dr Pepper.”Founded in 1885 in Waco, Texas, Dr Pepper was the first in a wave of 19th-century upstart soda companies. Courtesy Keurig Dr PepperToday, Dr Pepper advertises itself as a treat, using a pint-sized mascot called Lil’ Sweet in its commercials. After Dr Pepper established itself as an alternative to mainstream colas, it launched on a path that ultimately made it part of the country’s third-largest soft drink maker, Keurig Dr Pepper. Dr Pepper hits the sceneDuring the wave of mega-mergers in the 1980s, Coca-Cola tried to scoop up Dr Pepper.

☆ The rise and fall of Wirecard
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +5 min

July 2: The head of Germany's financial watchdog calls the accounting scandal at Wirecard "a massive criminal act". July 6: German prosecutors arrest the head of a Dubai-based subsidiary of Wirecard. 2021Jan. 29: Felix Hufeld, president of German financial watchdog BaFin, steps down. 2022Jan. 14: German prosecutors file first charges in Wirecard fraud, the Financial Times reports. Sept. 21: A Munich district court said it had admitted charges against former Wirecard executives, paving way for a trial.

☆ Analysis: Age gap no problem for France's deadly striking duo
▼ + stars: | 2022-12-04 | by ( William Schomberg | ) www.reuters.com time to read: +3 min

Giroud looked set for a secondary role for France until the team's number one centre forward Karim Benzema pulled out with an injury on the even of the tournament. That understanding was clear for all to see as Poland were cut apart by France's strikers. "It's still a long way to go and, obviously, you need to enjoy the game," he said. "If we attack, try to attack, it's a bit different. Additional reporting by Bartosz Dąbrowski in Gdansk, Poland; Writing by William Schomberg; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Nov 10 (Reuters) - Conspiracy theorist Alex Jones must pay $473 million in punitive damages for his defamatory claims about the 2012 Sandy Hook mass shooting, a Connecticut judge ruled on Thursday. On Dec. 14, 2012, a gunman murdered his mother, then killed 20 children and six staff members at Sandy Hook Elementary School before killing himself. Some experts doubt the move will offer much protection for Jones’ assets, even if he is not able to pay the full judgments against him. The Sandy Hook families have intervened in the case, urging a judge to freeze Free Speech Systems' assets and investigate its finances. They claim Jones pulled $62 million from the company while burdening it with $65 million in “fabricated” debt.

☆ Australia, Britain reach Billie Jean King Cup semis, Canada thump Italy
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

Storm Sanders dispatched Alison van Uytvanck 6-2 6-2 and Ajla Tomljanovic rallied from a set and a break down before Elise Mertens retired injured trailing 4-6 6-4 3-0 to earn Australia their second Group B win. Britain also booked a semi-final spot from Group C after Alicia Barnett and Olivia Nicholls sealed a surprise 3-0 win over Spain and they face Australia on Saturday. Heather Watson defeated Nuria Parrizas Diaz 6-0 6-2 and Harriet Dart earned a surprise victory over Paula Badosa 6-3 6-4. Canada crushed Italy 3-0 after Bianca Andreescu and Leylah Fernandez claimed impressive singles victories to get their campaign off to a perfect start. Katerina Siniakova and Marketa Vondrousova outclassed Polish duo Katarzyna Kawa and Magda Linette 6-2 6-3.

German chemicals maker Covestro (1COV.DE) lowered its 2022 earnings guidance for the third time this year, blaming gas and raw material prices. Gas prices in Europe have eased in response to an unusually warm October and projections of a mild winter. The group, which relies heavily on natural gas, is buying from outside Europe, where prices are lower. RACE TO CUT COSTSCompanies across Europe are racing to reduce their energy use ahead of the winter when demand increases as households turn up the heat. Chemical companies are among the hardest hit by the energy crisis because they use gas as a raw material for production and as an energy source.

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