DIRS.INFO The most relevant business & tech news

Some of the best early Memorial Day mattress discounts are from Leesa, Helix, Bear, Nolah, and Brooklyn Bedding. For even more of this month's best discounts, check out our roundups of the best Mother's Day deals and the best Memorial Day sales. Leesa Memorial Day dealsLeesa Sapira Hybrid Mattress (Queen) $1,499.00 $1,999.00 Save 25% The Leesa Sapira Hybrid Mattress has great edge support and motion isolation. Helix Memorial Day dealsHelix Moonlight Mattress (Queen) $999.00 $1,332.00 Save 25% This mattress is soft and plush and best suited for back and stomach sleepers. Nolah Memorial Day dealsNolah Evolution 15-inch Mattress (Queen) $1,624.00 $2,499.00 Save 35% The Evolution is Nolah's most substantial mattress for total support.

Persons: Leesa, you'll, Nolah Organizations: Business, Luxe Locations: Brooklyn

☆ Spain's BBVA announces $13 billion hostile takeover bid for Sabadell
▼ + stars: | 2024-05-09 | by ( ) www.cnbc.com time to read: +1 min

The headquarters of the Spanish bank BBVA are seen in Madrid, Spain. Spanish bank BBVA on Thursday presented a 12.23 billion euro ($13.11 billion) takeover bid for rival Sabadell directly to shareholders, even though Sabadell's board this week already rejected the proposal on the same terms. BBVA's decision follows Sabadell's board on Monday saying the unsolicited bid significantly undervalued the bank's potential and growth prospects. BBVA, Spain's second-biggest bank by market value after Santander, offered an exchange ratio of 1 newly issued BBVA share for every 4.83 Sabadell shares, a premium of 30% over April 29 closing prices. Spanish banks have been looking for ways to increase revenue as a boost from high interest rates begins to fade.

Persons: Carlos Torres Vila Organizations: BBVA, Sabadell, Banco, Hostile, UBI Banca, Spain's, Santander Locations: Spanish, Madrid, Spain

☆ NASA is asking for help to retrieve Mars samples that could be the first evidence of alien life
▼ + stars: | 2024-04-15 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +5 min

NASA's Perseverance Mars rover is collecting samples that could be evidence of ancient alien life. But NASA's Mars Sample Return mission to bring them to Earth will now cost $11 billion and take two decades. NASA/JPL-Caltech/ASUNASA's original proposal for the Mars Sample Return is "mind-bendingly complicated," David Parker, director of space exploration at the European Space Agency, said in 2021. AdvertisementAn illustration shows a concept of how NASA's Mars Sample Return mission would launch Perseverance's samples from the surface of Mars. At the current price tag, Mars Sample Return would "cannibalize" other NASA missions, Nelson said.

Persons: —, Nicola Fox, We're, David Parker, Bill Nelson, Nelson, Fox, Lockheed Martin, Northrop, We've, that's Organizations: NASA, Service, Mars Express, ESA, JPL, Caltech, ASU, European Space Agency, Lockheed, Northrop Grumman, Boeing, SpaceX Locations: Berlin, Mars

☆ Long-form video on TikTok is surging for media publishers, a new report found. Here are the key takeaways.
▼ + stars: | 2024-03-07 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

Long-form video is making a comeback on social media. As early as August 2023, creators told Business Insider they were earning tens of thousands of dollars per month from it. The data also said viewership of longer videos had increased nearly 40% over the previous six months. The report defines media and entertainment creators as accounts that are not brands, influencers, or aggregators of content. Tubular LabsYouTube has long been a go-to social platform for media publishers due to its landscape format and easy adaptability from TV.

Persons: It's, TikTok, ReesaTeesa, John Cassillo Organizations: Labs, Business, Beta

☆ Financial lessons to be learned from the viral 'Who TF Did I Marry?' TikTok series
▼ + stars: | 2024-02-27 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +7 min

Some financial abusers use their partners to take out massive amounts of debt or make expensive purchases in their name. But experts told BI there are some early warning signs to keep an eye out for that may mean you're not a financial match. Andrea Woroch, a consumer finance and budgeting expert, told BI that partnering up with someone with similar financial values when it comes to spending and saving helps to minimize financial conflicts and fights. AdvertisementJacqueline Newman, a divorce attorney, told BI that someone who is "incredibly shady" about their income, or constantly changes their stories about their finances could be hiding something. "Keep an eye on their purchasing habit," he told BI.

Persons: —, Reesa Teesa, it's, Teesa, Legion, Jerome JC Rome McCoy, MailOnline, McCoy, Andrea Woroch, Woroch, Jacqueline Newman, Chad Willardson, Willardson, I've, Newman Organizations: Service, Business, Legion, Facebook, BI Locations: Covid

☆ 'Who TF Did I Marry?' — the 50-part TikTok that provides a cautionary tale about ignoring red flags
▼ + stars: | 2024-02-22 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +6 min

A therapist shared the reasons we can miss or ignore red flags when we're love bombed. ", Reesa Teesa calls the story of her ex-husband "the United Nations of red flags." "That's of course not true, because red flags can look differently in different people." It's always easier to spot red flags in hindsightWhile Teesa admonishes herself for missing so many red flags, Gillis highlighted that it's natural to spot all the red flags after a breakup. Advertisement"It is so common to look back in hindsight; "Oh, here are 120 red flags that I missed," Gillis said.

Persons: —, Teesa, Kaytee Gillis, Gillis, fIwWAZu3g5 — Ella Ella, @helenofchicago, there's, It's, Teesa admonishes Organizations: Service Locations: United Nations, London

☆ Italy to Help Repair Roof of Ukraine's Odesa Cathedral
▼ + stars: | 2024-02-08 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +1 min

ROME (Reuters) - Italy will help with the rebuilding of a cathedral in the Ukrainian city of Odesa that was badly damaged by a missile strike last year, the Italian foreign ministry said on Thursday. Italy and UNESCO signed an agreement in Kyiv to provide 500 million euros ($539 million) towards the restoration of the roof of Odesa's Spaso-Preobrazhenskyi Cathedral, or Transfiguration Cathedral. "Italy is very committed, through its institutions and its industrial capacity, to the reconstruction of Ukraine," ambassador Pier Francesco Zazo said, noting Italy's expertise in the restoration of places of worship and monuments. Ukraine said the Orthodox cathedral was damaged when it was hit during a Russian missile attack on the southern port of Odesa last July. The Italian involvement follows through on a commitment made in the immediate aftermath of the attack by Prime Minister Giorgia Meloni to provide help with rebuilding.

Persons: Francesco Zazo, Giorgia Meloni, Keith Weir, William Maclean Organizations: UNESCO Locations: ROME, Italy, Ukrainian, Odesa, Kyiv, Preobrazhenskyi, Ukraine, Russian, Russia

☆ Exclusive: EU nuclear agency sees some Russia imports up again in 2023 from before Ukraine war
▼ + stars: | 2023-12-01 | by ( Gabriela Baczynska | ) www.reuters.com time to read: +5 min

Its overall imports from Russia's nuclear energy industry held steady last year despite rising demand for nuclear power driven by high energy costs and a push to cut carbon emissions. The trend highlights challenges EU faces in reaching its long-term goal of achieving VVER fuel self-sufficiency. EU imports of natural uranium from Russia fell 16% last year from 2021, a drop compensated by increase in deliveries from Kazakhstan and Uzbekistan, ESA said. In 2022, the EU's Russian nuclear energy imports were worth around 750 million euros ($823 mln), or 1% of the bloc's Russian gas imports, according the European Commission. Sources said, however, that the proposal - which is not public - does not include sanctions on Russia's nuclear energy industry.

Persons: Radovan Stoklasa, ESA's, Stefano Ciccarello, Ciccarello, Finland's, Gabriela Baczynska, Anne Kauranen, Timothy Gardner, Tomasz Janowski Organizations: REUTERS, Union, Euratom Supply Agency, ESA, Reuters, U.S, Westinghouse, Commission, U.S ., Thomson Locations: Mochovce, Slovakia, Russia, BRUSSELS, Russian, Moscow, Ukraine, Bulgaria, Czech Republic, Finland, Hungary, France, Sweden, Belgium, Kazakhstan, Uzbekistan, Europe, United States, Brussels, Helsinki, Washington, Budapest

☆ Italy's competition watchdog stops Intesa moving clients to mobile bank
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +3 min

Intesa Sanpaolo bank logo and stock graph are seen displayed in this illustration taken, May 3, 2022. Italy's AGCM antitrust authority opened a probe earlier this month into the way Intesa was transferring clients to Isybank after a raft of complaints which the watchdog said had now reached 5,000. It wants Intesa to only move clients who explicitly give their consent. Isybank targets 4 million Intesa customers under 65 who only access their banking services remotely. The group migrated the first 300,000 Intesa account holders in October and plans to shift another 2 million in March.

Persons: Dado Ruvic, Intesa, AGCM, Carlo Messina, Antonio Valitutti, Isybank, Valentina Za, Giulia Segreti, Christina Fincher, Jane Merriman, Susan Fenton Organizations: REUTERS, Bank of Italy, European Central Bank, Thomson Locations: Italy

☆ Intesa's CET1 requirement under SREP process rises to 9.32%
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: 1 min

Intesa San Paolo bank headquaters is seen in Turin, Italy, November 7, 2018. The ECB had set the same threshold at 8.88% for the current year. The new requirement kicks in on Jan. 1, 2024. The increase to 2023 stems mostly from a buffer that 'Other Systemically Important Institutions' (O-SII) are due to hold, which stands at 1.25% for 2024 versus 0.75% in 2023. The countercyclical buffer requirement also inched up slightly to 0.23% from 0.16%, Intesa said.

Persons: headquaters, Stefano Rellandini, Intesa, Valentina Za, Jonathan Oatis Organizations: REUTERS, European Central Bank, ECB, Thomson Locations: Paolo, Turin, Italy

Russia, whose officials haven't commented on the corridor, warned this summer that ships heading to Ukraine's Black Sea ports would be assumed to be carrying weapons. Despite such attacks, Ukraine has exported over 5.6 million metric tons of grain and other products through the new corridor, U.S. “That corridor worked in an unpredictable way for us,” said Mykola Horbachov, president of the Ukrainian Grain Association. Before the invasion, the exporter paid $50 per metric ton to ship grain through the Black Sea. To ease that hurdle, an insurance program launched this month to provide affordable coverage to shippers carrying food from Ukraine’s Black Sea ports.

Persons: Roman Andreikiv, ”, Munro Anderson, Lloyd’s, Ukraine’s, haven't, Volodymyr Zelenskyy, Ukraine Bridget Brink, Taras Kachka, it’s, Kelly Goughary, “, Oleksandr Kubrakov, it's, Mykola Horbachov, ” Horbachov, Osmachko, Anderson, ” Osmachko, Marsh McLennan, Zelenskyy, Mykola Solskyi, ___ Bonnell Organizations: —, Agroprosperis, Liberian, Gro Intelligence, Farmers, Ukrainian Grain Association, Ukrainian Locations: KYIV, Ukraine, Russia, Africa, East, Asia, Egypt, Spain, China, Bangladesh, Netherlands, Tunisia, Turkey, Kyiv, U.S, Sumy, Ukrainian, Europe, Lloyd’s, Nigeria, London, russia, ukraine

We've tested nearly every Leesa mattress firsthand (see our Leesa mattress guide for more details) and we love the Leesa Sapira Hybrid — so much so that we named it the top pick in our guide to the best mattresses. Read our full Leesa Sapira Hybrid Mattress review for more on what we love about this mattress. The best Cyber Monday deals from LeesaLeesa Sapira Hybrid Mattress (Queen) $1,699.00 $1,999.00 Save 15% The Leesa Sapira Hybrid Mattress has great edge support and motion isolation. Leesa Sapira Chill Hybrid Mattress (Queen) $1,799.00 $2,159.00 Save 17% The Leesa Sapira Chill Hybrid is an update to our favorite mattress, the Leesa Sapira Hybrid. Leesa Cyber Monday FAQsWhen will the Leesa Cyber Monday sale end?

Persons: Leesa, You'll, you'll, I've, I'm Organizations: Leesa

☆ Kremlin tries to stifle war bloggers' 'hysteria' over Ukrainian offensives in Dnipro, analysts say
▼ + stars: | 2023-11-22 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

However, Russian military bloggers said they're failing, per the Institute for the Study of War. AdvertisementThe Kremlin is struggling to stamp out Russian military bloggers' "hysteria" around Ukrainian offensives in the Dnipro River, according to war analysts. Shoigu's speech is likely intended to play down Russian military bloggers' fears about Russia's struggles on the eastern bank of the Dnipro River, the Institute said. On Monday, a Russian milblogger called Two Majors on Telegram, posted a letter allegedly written by a Russian soldier. It said the lack of drones in the area meant Russian forces were moving more slowly and exposed them to Ukrainian strikes.

Persons: —, Sergei Shoigu, Russia's, Vladimir Putin, OGPU, Krynky, Serhiy Bratchuk, Ukraine's Espreso, Natalia Gumenyuk, Andriy Yermak, Su Organizations: for, Service, Institute, Novosti, Telegram, 1st Battalion, 35th Motorized Rifle Brigade, Ukrainian, Odesa's, Administration, AFP Locations: Dnipro, Kherson, Ukraine, Krynky, Censor.Net, Russian, Crimea, Russia, Donetsk

Miniatures of windmill and electric pole are seen in front of Siemens Gamesa logo in this illustration taken January 17, 2023. One Frankfurt-based trader said the investor event, where Siemens Gamesa disclosed around 400 million euros in cost cuts by 2026, was bringing "no new insights". At 1610 GMT, shares in Siemens Energy, in which Siemens AG (SIEGn.DE) owns a direct 25.1% stake, were still down 6.3%. Siemens Gamesa will likely cut onshore turbine capacity outside Europe and outsource the production of some components, the division's Chief Executive Jochen Eickholt said, outlining the group's restructuring roadmap. Reuters last month reported that Siemens Gamesa was considering shutting plants and sales offices as well as outsourcing some production.

Persons: Dado Ruvic, Siemens Gamesa, Christian Bruch, Jochen Eickholt, Eickholt, Christoph Steitz, Tom Kaeckenhoff, Danilo Masoni, Madeline Chambers, Miranda Murray, David Evans Organizations: Siemens, REUTERS, Siemens Energy, Siemens Gamesa, Siemens AG, Reuters, Thomson Locations: Europe, FRANKFURT, DUESSELDORF, Frankfurt

☆ Ukraine says its marines have fortified a captured river bank, letting them smack the Russians
▼ + stars: | 2023-11-21 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Ukrainian marines are fortifying a captured river bank amid heavy Russian fire, an official said. Serhiy Bratchuk said Ukrainian marines are hitting back from the eastern bank, per Espreso TV. Ukrainian and Russian forces have suffered casualties in the fierce fighting. AdvertisementUkrainian marines have barricaded their positions on the eastern bank of the Dnipro River and are striking back against Russian forces there, according to a Ukrainian official. AdvertisementOn Sunday, army spokesperson Natalia Gumenyuk told Ukrainian television that their soldiers had pushed back Russian forces up to five miles from the bank of the river, per AFP .

Persons: Serhiy Bratchuk, —, Ukraine's, Bratchuk, Natalia Gumenyuk, Insider's Alia Shoaib, Andriy Yermak, Su, counteroffensives Organizations: Service, Odesa's, Administration, Separate Marine Battalion, Nova Kakhovka, Washington DC, Hudson Institute, Russia's Ministry of Defence, Ukraine Locations: Dnipro, Krynky, Kyiv, Oleshky, Nova, AFP, Russian, Crimea, Donetsk

Miniatures of windmill, solar panel and electric pole are seen in front of Siemens Energy logo in this illustration taken January 17, 2023. A producer of key equipment such as gas turbines, converter stations and wind turbines, Siemens Energy is viewed by the German government as vital to its energy transition from fossil fuels to renewables. Frankfurt-listed shares in Siemens Energy were up 3% at 0757 GMT. Siemens Gamesa, once considered the future growth driver for Siemens Energy, has become a millstone around the group's neck after deeper-than-expected wind turbine quality issues were disclosed in June. As part of the financial backing agreed with stakeholders, Siemens Energy said it would sell an 18% stake in Indian firm Siemens Ltd (SIEM.NS) to Siemens AG at a discount of 15%, confirming a previous Reuters story.

Persons: Dado, Christian Bruch, Spain's, Christoph Steitz, Linda Pasquini, Mark Potter Organizations: Siemens Energy, REUTERS, Siemens, Siemens Gamesa, Siemens AG, Reuters, Siemens Ltd, Thomson Locations: Frankfurt, MUNICH

☆ Intesa Sanpaolo gives clients more time to opt out of digital shift
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

Intesa Sanpaolo bank logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsROME, Nov 13 (Reuters) - Italy's biggest bank Intesa Sanpaolo (ISP.MI) reopened the deadline for thousands of its customers to opt out of switching to its digital lender Isybank, a document showed, following protests from consumer associations and ruling lawmakers. The complaints prompted Italy's central bank as well as the antitrust authority to look into the way the lender was shifting the clients to the app-based unit. In a note sent to customers on Monday and seen by Reuters, the bank wrote that anyone wanting to remain with Intesa Sanpaolo had until the end of February to say so. The competition watchdog took aim at how Intesa informed account holders of the move, adding it had received more than 2,000 complaints.

Persons: Dado Ruvic, Intesa Sanpaolo, Intesa, Paolo, Letizia, Giorgia Meloni, Carlo Messina's, Giuseppe Fonte, Keith Weir Organizations: REUTERS, Rights, Reuters, Brothers, Thomson Locations: Italy

☆ Russia renews missile attacks on Kyiv, pounds Ukraine's east and south
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +1 min

Serhiy Popko, head of the Kyiv city military administration, said a Russian ballistic missile was launched toward the capital at about 08:00 a.m.(0600 GMT). "After a long pause of 52 days, the enemy has resumed missile attacks on Kyiv," Popko said on the Telegram messaging app. "The missile failed to reach Kyiv, air defenders shot it down as it was approaching the capital." Ruslan Kravchenko, regional governor for the central Kyiv region, said five private houses and several commercial buildings in the area were damaged. Oleh Kiper, Odesa's regional governor, said the southern region was attacked with missiles and drones on Friday evening and overnight.

Persons: Serhiy Popko, Popko, Ruslan Kravchenko, Oleh, Olena, Kirsten Donovan Organizations: Initiative, Thomson Locations: Russia, Kyiv, Russian, Moscow

☆ The Euclid space telescope's first images show distant, hidden, and irregular galaxies that could help solve 2 of astronomy's grandest mysteries
▼ + stars: | 2023-11-08 | by ( Maiya Focht | ) www.businessinsider.com time to read: +2 min

The Euclid space telescope returned its first photos and they're stunning. Scientists said they hope to use data from Euclid to better understand dark matter and dark energy. AdvertisementAdvertisementThe Euclid space telescope, which launched in July, has a very important task ahead of it: produce the largest 3D map of the universe to help solve two of astronomy's grandest mysteries: What is dark energy? The other 95% is made of dark matter and dark energy. Astronomers can only observe the effect dark matter and dark energy have on regular matter.

Persons: —, Carole Mundell Organizations: Service, NASA, ESA, Science

☆ Star-filled Euclid images spur mission to probe 'dark universe'
▼ + stars: | 2023-11-07 | by ( Tim Hepher | ) www.reuters.com time to read: +5 min

PARIS, Nov 7 (Reuters) - European astronomers on Tuesday released the first images from the newly launched Euclid space telescope, designed to unlock the secrets of dark matter and dark energy - hidden forces thought to make up 95% of the universe. Scientists believe vast, seemingly organised structures such as Perseus could only have formed if dark matter exists. "The rest of the universe we call dark because it doesn't produce light in the normal electromagnetic spectrum. Tell-tale signs of the hidden force exerted by dark matter include galaxies rotating more quickly than scientists would expect from the amount of visible matter that can be detected. We think there's lots of dark matter in that cluster and pulling these galaxies together," she added.

Persons: Carole Mundell, Mundell, Euclid, we've, Europe's, NASA's James Webb, You'll, Tim Hepher, Steve Gorman, Alex Richardson Organizations: European Space Agency, NASA, Reuters, Hubble, ESA, SpaceX, NASA's James Webb Space Telescope, Thomson Locations: Darmstadt, Germany, Spain, Ukraine, Florida, Los Angeles

☆ Italy's antitrust probes Intesa's customer shift to mobile service Isybank
▼ + stars: | 2023-11-02 | by ( Giulia Segreti | ) www.reuters.com time to read: +2 min

Intesa Sanpaolo bank logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsCompanies Intesa Sanpaolo SpA FollowROME, Nov 2 (Reuters) - Italy's antitrust authority said on Thursday it had opened a probe into the transfer of thousands of Intesa Sanpaolo (ISP.MI) customers to the bank's mobile-only service Isybank. After launching Isybank in June, Intesa at the beginning of October started moving about 300,000 customers from its traditional network. The antitrust also said that the shift to Isybank carried with it "important changes" to the terms and conditions of the accounts. Intesa told a presentation in June that it would over time increase the number of services Isybank users can access on their accounts.

Persons: Dado Ruvic, Intesa, Giorgia Meloni, Carlo Messina's, Giulia Segreti, Valentina Za Organizations: REUTERS, Intesa, ROME, Treasury, Thomson Locations: Italy's

☆ Russia's biggest drone strike in weeks hits critical Ukrainian infrastructure
▼ + stars: | 2023-11-02 | by ( Olena Harmash | ) www.reuters.com time to read: +2 min

[1/7]Emergency personnel work at a site of a Russian drone strike, amid Russia's attack on Ukraine, in Kharkiv, Ukraine November 3, 2023. In the nearby region of Ivano-Frankivsk a military facility was hit, governor Svitlana Onishchuk said. Oleh Kiper, Odesa's regional governor, reported a strike on an infrastructure facility in the southern region. Oleh Synehubov, Kharkiv's governor, said drones had hit civilian infrastructure and caused fires in and near the city of Kharkiv. Interior Minister Ihor Klymenko said eight private houses, a three-storey building, several cars, and a car repair shop were damaged during the attack on Kharkiv.

Persons: Volodymyr Zelenskiy, Yevhen, Maksym, Svitlana Onishchuk, Oleh, Ihor Klymenko, Olena, Tom Balmforth, Gareth Jones Organizations: Kharkiv, REUTERS, Air, Frankivsk, Thomson Locations: Russia, Ukraine, Kharkiv, Ukraine's, Odesa, Kherson, Lviv, Poland, Russian, Ivano

☆ Europe's space agency boss sees progress on Ariane 6 launcher
▼ + stars: | 2023-10-31 | by ( Tim Hepher | ) www.reuters.com time to read: +4 min

Director-General of the European Space Agency (ESA) Josef Aschbacher smiles as he attends an interview with Reuters during the World Economic Forum (WEF) in Davos, Switzerland, January 18, 2023. Josef Aschbacher, director general of the European Space Agency (ESA), said a more precise 2024 launch period would be defined following a delayed long-duration firing test due on Nov. 23. Aschbacher declined to comment on the state of negotiations ahead of the Seville "Space Summit", which is also due to address climate change and Europe's ambitions in space exploration. This is something that is highly critical for Europe," Aschbacher said. But in Europe's system of horse-trading for space funding, any agreement on exploration is likely to depend on progress on the critical issue of Ariane 6 funding, the people said.

Persons: Josef Aschbacher, Arnd, Aschbacher, Safran, Anders Fogh Rasmussen, Tim Hepher, Mark Potter Organizations: European Space Agency, ESA, Reuters, Economic, REUTERS, Rights, Elon, SpaceX, Russian Soyuz, Airbus, NATO, Thomson Locations: Davos, Switzerland, Seville, Spain, France, Germany, Italy, Russian, East, Ukraine, Europe, India, China, United States, Russia

☆ Intesa to add 2 bln to reserves from bank tax
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

The logo of bank Intesa Sanpaolo is seen in Milan, Italy, January 18, 2016. REUTERS/Stefano Rellandini/File Photo Acquire Licensing RightsMILAN, Oct 25 (Reuters) - Italy's biggest bank, Intesa Sanpaolo (ISP.MI), on Wednesday said it would increase non-distributable reserves by 2.07 billion euros ($2.19 billion) instead of paying a one-off windfall tax, making use of an opt-out clause in the law. A similar decision was announced on Tuesday by rival UniCredit (CRDI.MI), which is boosting reserves by 1.1 billion euros. Reserves must increase by 2.5 times the amount that would be paid as tax, which in Intesa's case would have been 828 million euros. In announcing it was increasing reserves, Intesa said it had decided to spend around 1.5 billion euros over the 2023-2027 period to help people in need.

Persons: Stefano Rellandini, Intesa, UniCredit, Carlo Messina, Valentina Za, Leslie Adler Organizations: REUTERS, Reuters, Thomson Locations: Milan, Italy

☆ Turbine troubles have sent wind energy stocks tumbling — and a slew of issues remain
▼ + stars: | 2023-10-20 | by ( Elliot Smith | ) www.cnbc.com time to read: +6 min

A Siemens Gamesa blade factory on the banks of the River Humber in Hull, England on October 11, 2021. Siemens Energy made the headlines earlier this year when it scrapped its profit forecast and warned that costly failures at wind turbine subsidiary Siemens Gamesa could drag on for years. It sparked concerns about wider problems across the industry and thrust Europe's wind energy giants' earnings into the spotlight. Read more:Deutsche had previously highlighted challenges in the wind turbine industry including supplier delays, lower tax credits and rising rates. Reliability issues Those surveyed by ONYX also expressed reliability concerns, with 69% expecting more reliability issues due to aging assets and 56% seeing problems associated with new turbine technology.

Persons: PAUL ELLIS, Kepler Cheuvreux, Morgan Stanley, Morgan, Ben Uglow, Ørsted, Read, —, Ashley Crowther, Crowther Organizations: Siemens, AFP, Getty, Siemens Energy, Grid Technologies, Siemens Gamesa, Gas, Grid, Deutsche Bank, Deutsche, Vestas, ONYX Locations: Hull , England, Ukraine

Search resuls for: "ESA's"

25 mentions found